深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Shenzhen Textile (Holdings) Co., Ltd.
The Semi-Annual Report 2014
August 21, 2014
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
I. Important Notice, Table of Contents and Definitions
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and expecutives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of
the Report.
Except the following directors, all other directors have attended in personthe board session for reviewing this
report
Reason for not attending
Name Position Name of proxy
the board session in person
Wang Yongjian Director Business trip Wang Bin
Lou Chao Director Business reasons Zhu Jun
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
Mr.Wang Bin, The Company leader, Mr. Zhu Jun, Chief financial officer and the Mr.Jiang Xiaojun, the person in
charge of the accounting department (the person in charge of the accounting )hereby confirm the authenticity and
completeness of the financial report enclosed in the report.
This report is prepared in both Chinese and English. Should there be an discrepanc between the two versions, the
Chinese version shall prevail.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Table of Contents
2014 Semi- Annual Report
I.Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Data and Financial Indicators
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Situation of the Preferred Shares
VIII.Information about Directors, Supervisors and Senior Executives
IX. Financial Report
X. Documents available for inspection
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Definition
Refers
Terms to be defined Definition
to
Refers
Company/The Company/ Shen Textile Shenzhen Textile (Holdings) Co., Ltd
to
Refers
Articles of Association Articles of Association of Shenzhen Textile (Holdings) Co., Ltd
to
Actual controller / National Assets
Refers National Assets Regulatory Commission of Shenzhen
Regulatory Commission of Shenzhen
to Municipal People's Government
Municipal People's Government
The Controlling shareholder/ Shenzhen Refers
Shenzhen Investment Holdings Co., Ltd.
Investment Holdings Co., Ltd. to
Refers
Shenchao Technology Shenzhen Shenchao Technology Investment Co., Ltd.
to
Refers
Shengbo Optoelectronic Shenzhen Shengbo Optoelectronic Technology Co., Ltd.
to
Refers
CSOT Shenzhen China Star Optoelectronic Technology Co., Ltd.
to
Refers
“CSRC” China Securities Regulatory Commission
to
Refers
Company Law Company Law of the People’s Republic of China
to
Refers
Securities Law Securities Law of the People’s Republic of China
to
Refers
The Report 2014 Semi-Annual Report
to
3
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
II. Basic Information of the Company
1. Company Information
Stock abbreviation Shen Textile A ,Shen Textile B Stock code： 000045、200045
Modified stock ID(if any) N/A
Stock exchange for
Shenzhen Stock Exchange
listing：
Name in Chinese 深圳市纺织(集团)股份有限公司
Chinese abbreviation (If
深纺织
any)
English name (If any) SHENZHEN TEXTILE (HOLDINGS) CO.,LTD.
English abbreviation (If
STHC
any)
Legal Representative Wang Bin
2. Contact person and contact manner
Board secretary Securities affairs Representative
Name Li Jiang Jiang Peng
6/F, Shenfang Building, No.3
6/F, Shenfang Building, No.3 Huaqiang North
Contact address Huaqiang North Road, Futian
Road, Futian District, Shenzhen
District, Shenzhen
Tel 0755-83776043 0755-83776043
Fax 0755-83776139 0755-83776139
E-mail lij@chinasthc.com jiangp@chinasthc.com
3.Other
(1)Way to contact the Company
Whether registrations address, offices address and codes as well as website and email of the Company changed in
reporting period or not
□ Applicable □√ Not Applicable
The registered address, office address and their postal codes, website address and email address of the Company
did not change during the reporting period. The said information can be found in the 2013 Annual Report.
（2）About information disclosure and where this report is placed
Did any change occur to information disclosure media and where this report is placed during the reporting period?
4
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
□ Applicable √ Not applicable
The newspapers designated by the Company for information disclosure, the website designated by CSRC for
disclosing this report and the location where this report is placed did not change during the reporting period. The
said information can be found in the 2013 Annual Report.
（3）Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable √ Not applicable
Date/place for registration of the Company, registration nmber for enterprise legal license number of taxation
registration and organization code have no change in reporting period, found more details in annual report 2013.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
III. Summary of Accounting Data and Financial Indicators
I.Summary of accounting /Financial Data
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to
change of the accounting policy and correction of accounting errors.
□Yes √No
Reporting period Same period of last year YoY+/-（%）
Operating income（RMB） 471,623,824.81 576,348,010.06 -18.17%
Net profit attributable to the
shareholders of the listed company -21,644,510.10 -8,041,264.26 -169.17%
（RMB）
Net profit after deducting of non-
recurring gain/loss attributable to the
-40,297,886.93 -28,602,943.09 -40.89%
shareholders of listed company
（RMB）
Cash flow generated by business
-90,549,264.33 -56,951,682.53 -58.99%
operation, net（RMB）
Basic earning per share(RMB/Share) -0.04 -0.02 -100.00%
Diluted gains per
-0.04 -0.02 -100.00%
share(RMB/Share)(RMB/Share)
Weighted average ROE(%) -0.95% -0.45% -0.5%
As at the end of the As at the end of last
YoY+/-（%）
reporting period year
Gross assets (RMB) 2,796,914,905.53 2,851,759,735.91 -1.92%
Net assets attributable to
shareholders of the Company 2,264,892,718.01 2,297,846,577.11 -1.43%
（RMB）
II. Differences between accounting data under domestic and overseas accounting standards
1. Differences of net profit and net assets disclosed in financial reports prepared under international and Chinese
accounting standards.
□ Applicable √Not applicable
No difference .
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese
accounting standards.
□ Applicable √Not applicable
No difference .
III.Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Items Amount Notes
Gain/loss from disposal of non-current assets, including the part
-3,638.02
offset with the provision for impairment of assets
Govemment subsidy recognized in currentgain and loss(excluding
those closely related to the Company’s business and granted 5,693,784.01
under the state’s policies)
Gain/loss from change of fair value of transactional financial
asset and liabilities, and investment gains from disposal of
transactional financial assets and liabilities and sellable financial 16,994,763.49
assets other than valid period value instruments related to the
Company’s common businesses.
Less: Other non-business income and expenditures other than the
249,262.13
above
Amount of influence of income tax 4,280,794.78
Total 18,653,376.83 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/itesm as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
IV. Report of the Board of Directors
I. General
During the reporting period, the company actively promoted the construction of Phase II Polaroid Project,
reached an agreement with the world's leading technology and R & D company Nitto Denko Corporation
(hereinafter referred to as "Nitto Denko") on license, technical support and new technology-based production and
other matters. During the reporting period, since the controlling shareholder Shenzhen Investment Holdings Co.,
Ltd. transferred part of the equity at the beginning of the year in order to deepen the reform of state-owned
enterprises, and promote the construction of mixed economic system, the cooperation with Nitto Denko and
changes in fund raising for II project was set aside and phase II project construction was delayed during this
period. After the equity transfer was terminated, the company immediately recovered and continued to promote
substantive cooperation with Nitto Denko. The two companies have signed a "technical consultants" to further
enhance the good rate and utilization rate of company's various products. In addition, the company also developed
new products by taking advantage of the R & D center expansion project to enhance the research and development
level and make reservations of new products.
During the reporting period, due to the foreign firms increased the Polaroid expansion in domestic market,
the market competition intensified, and affected by the equity transfer, the certification for the company new
products and follow-up orders was delayed, the orders decreased led to the inadequate utilization rate, unable to
digest the loss of fixed costs which made further loss. Thus the operating performance declined in the first half of
the year and the business indicators did not reach expectations. The company has realized total profit of RMB
471.6238 million, decreased by 18.17% from the same period of last year, The company has realized total profit
of RMB -8.2633 million, decreased by 1045.49%; with a net profit of RMB -21.6445 million, decreased by
169.17% from the same period of last year.
II. Analysis on principal Business
Year-on-year changes in major financial statistics
In RMB
This report period Same period last year YOY change（%） Cause change
Operating income
471,623,824.81 576,348,010.06 -18.17%
Operating cost 434,138,124.26 527,913,970.56 -17.76%
Sale expenses 5,101,502.04 4,096,726.20 24.53%
Administrative
64,664,701.53 75,713,852.63 -14.59%
expenses
Mainly due to the dep
reciation of RMB, the
Financial expenses -6,832,620.68 -13,929,247.57 50.95% decreased exchange
profit resulted from i
ncrease of foreign ex
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
change losses compar
ed with the same peri
od last year.
Mainly due to the
reversal of deductible
Income tax expenses 13,381,225.81 7,319,888.20 82.81%
temporary differences
in this period
R&D investment 36,362,478.26 45,107,185.59 -19.39%
Mainly due to the
payment of the
transfer the income
Net cash flows from
-90,549,264.33 -56,951,682.53 -58.99% tax of Shenzhen
operating activities
Jinlan Decorative
Supplies Industrial
Co. Ltd.
Mainly due to receive
equity balance and
structured deposits of
Net cash flows from
188,876,234.09 -354,699,383.79 153.25% Shenzhen Jinlan
investing activities
Decorative Supplies
Industrial Co. Ltd. in
this period
Owing to the non-
public offering of
Net cash flows from
9,061,206.08 923,872,790.69 -99.02% shares over the same
financing activities
period last year,
receive raised funds
Net increase in cash
108,214,788.20 512,091,863.52 -78.87%
and cash equivalents
Mainly due to the
Accounts paid in increase of export
56,097,505.25 21,031,777.16 166.73%
advance orders by the end of
current period.
Mainly due to the
transfer balance of
Other accounts 100% equity of
24,821,661.87 140,270,310.59 -82.30%
receivable Shenzhen Jinlan
Decorative Supplies
Industrial Co.,Ltd.
Available-for-sale
24,343,947.21 41,829,021.22 -41.80% Mainly due to the
financial assets
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
reduction of holding
Victor Onward A
stocks in this period;
These funds were
mainly invested in
Construction in the phase-II project
85,854,860.37 62,917,215.99 36.46%
progress
of polarizer for TFT-
LCD;
Mainly due to
increase of advances
Accounts received in on sales for export
62,901,687.38 31,672,395.99 98.60%
advance
trade the end of
period.
Mainly due the tempo
rary taxable differenc
e formulated by the tr
Deferred income tax
4,075,141.42 60,228,995.93 -93.23% ansfer income of the
liabilities
equity of Shenzhen Ji
nlan Decorative Artic
les Industrial Co.,Ltd.
Major changes in profit composition or cources during the report period
□ Applicable √ Not applicable
The profit composition or sources of the Company have remained largely unchanged during the report period.
Delay of future development and plan disclosed in Company’s IPO prospectus, fund raising prospectus and capital
reorganization report into this report period.\
□ Applicable √ Not applicable
No future development and plan disclosed in Company’s IPO prospectus, fund raising prospectus and capital
reorganization report into this report period.\
Implementation of business plans disclosed in previous periods in this period.
At the beginning of the year, the company formulated the strategy of "market oriented, leading technology, stable
operation, strengthen management and control, efficiency improvement". Market demand was the starting point,
the company would increase investment in research and innovation, and enhance technical foundation, improve
the management level and cost control, enhance capacity for sustainable development and create new core
competencies. The company performance in the first half was as follows:
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
(1)Actively promote the phase II project. In order to meet future market needs for Polaroid andthe requirement of
low cost, high performance, thin request, the Board of Directors adjusted the product technology roadmap and
equipment selection program. Cooperated with Nitto Denko on Polaroid technology licensing, technical support
as well as production based on this technology. Duting the period of equity transfter, the matter was supended.
(2)Cooperate fully with the share transfer matters related work. The company made the staff, partners and
production and operation stable and cooperated closely with controlling shareholder and the proposed transferee
agency to work on the company's research to complete the capital verification, auditing, assets evaluation and
other matters. After the equity transfer was terminated, the company set up a special working group to explain to
the customers, strive to restore the original customer orders and minimize the impact on order amount; and
accelerate new product certification in order to increase the production in the second half of year. At the
meanwhile, the company would continue to promote substantive cooperation with Nitto Denko to improve the
good rate of existing production line.
(3) Enhance the level of R & D, control the new product development and storage. The company took
advantage of newly extended testing machine introduced by R & D center expansion project, coating testing
machines and other sophisticated testing equipment, to enhance the level of R & D regarding function, variety,
utility and so on. Meanwhile, the company is active in new product reserves, development and import of
brightening polarizer slim, blue-chip, high-end products such as gray dye tablets, has completed the development
of IPS sheet products in 110um, 95um ultrathin.
(4) Implement the safety production responsibility system, to achieve the goal of zero accidents of
production. Make sure the implementation of production safety awareness, regulations control, responsibility and
measures in order to achieve the goal of zero accidents of production.
(5)Stable the workforce, enhance cohesion. The company optimized the performance management in order
to activate the human resource potential, ensure the effectiveness of the pay adjustment. Through optimizing the
pay system and performance management, the company can effectively motivate the technical backbones thus
enhancing employee loyalty and enterprise cohesion.
III. Business composition
In RMB
Increase/decrease
Increase/decrease Increase/decrease
of rincipal
of reverue in the of gross profit
Gross profit business cost over
Turnover Operation cost same period of rate over the same
rate(%) the same period
the previous period of the
of previous year
year(%) previous year (%)
(%)
Industry
Domestic and
158,919,558.30 158,041,576.68 0.55% -31.49% -31.32% -32.10%
foreign trade
Manufacturing 268,218,570.16 262,502,326.32 2.13% -10.62% -7.80% -58.40%
Lease and
42,508,499.39 11,661,028.64 72.57% 0.12% 3.54% -1.22%
Management of
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Property
Product
Income from
Lease and
42,508,499.39 11,661,028.64 72.57% 0.12% 3.54% -1.22%
Management of
Property
Income from
10,804,712.03 9,549,593.59 11.62% 6.45% 18.54% -43.67%
textile
Polarizer sheet 257,413,858.13 252,952,732.73 1.73% -11.22% -8.57% -62.23%
Income from
158,919,558.30 158,041,576.68 0.55% -31.49% -31.32% -32.10%
Trading
Area
Domestic 189,871,009.40 140,472,543.68 26.02% 23.65% 31.39% -14.32%
Overseas 279,775,618.45 291,732,387.96 -4.27% -33.54% -30.40% -1,093.02%
IV. Analysis On core Competitiveness
1. The company is an experienced management team and technical staff team with strong technology, long-term
cooperation and international views, and has accumulated the management experience in brand, technology,
Build its own technical team and external technical staff as a technical management team,operations and other
advantages in the field of polarizer film in the domestic market. Also, the company has the unique sets of
proprietary technology for all the products combined with the technology features of the company’s devices.
2. The company has the special technology of polarizer film production and the independent intellectual property
of various new products for meeting the customers’ demand. Now, As of June 30, 2014, the company totally has
45 patents, including 9 patents for invention, 4 has authorized , 5 in process, 32 utility model patents, among
which 28 (including 2 PCT items)have been licensed, 4 in process.1 in national standard and 2 in industrial
standard.
3. The company has two technology platforms "Shenzhen polarizing material and technical engineering
laboratory", "municipal research and development center", has a dedicated R & D team and research and
development equipment for product development and industrialization in LCD polarizing film, OLED with
Polaroid's new product development and industrialization and localization of raw materials for polaroid
production. The company ensured sustainable and rapid development of R & D by way of comprehensive
cooperation in production, learning and research, so as to adapt to the quick update of Polaroid industry and
support the company scale development.In the report period, The company took advantage of newly extended
testing machine introduced by R & D center expansion project, coating testing machines and other sophisticated
testing equipment, to enhance the level of R & D regarding function, variety, utility and so on. Meanwhile, the
company is active in new product reserves, development and import of brightening polarizer slim, blue-chip, high-
end products such as gray dye tablets, has completed the development of IPS sheet products in 110um, 95um
ultrathin.
4. The company has a good customer base of domestic and foreign markets. Compared with foreign advanced
counterparts, the biggest advantage is localization support, close to the strong support panel plant market and
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
national policies. In the aspect of market expansion, the company fully cooperated with module plant in terms of
quality, efficiency, cost and other aspects to improve response mechanism. The company cooperated with
equipped studios on shipping and packaging and cooperated with client to reduce cost and increase market share.
Additionally, the company took advantages of the national policies in supporting the localization of whole
industry chain of flat panel display industry to enhance the new product development and sample presentation,
establishing the quick response mechanism of market-R&D-production-sale-aftersales to follow closely to the
product applications and improve the utilization of each production line and thus improve market share.
5.In terms of technology upgrading, the company strengthened field management and meticulous production
management, invested in testing equipment, redefine the sampling during the production, evaluate the
performance regularly, strictly control the production consumption measures to improve the stability of
production line and good rate and reduce the single consumption. Meanwhile, the company continued to
cooperate with the world's leading technology and R & D Nitto Denko to further enhance the good rate and
utilization rate of the various products, overall upgrade the company's technology level.
6. Shengbo Optoelectronic enjoys the preferential tax policies of the new display devices industry and has the
exemption from import tariff policy on import of production materials not produced domestically for self-use. The
company also increased efforts to develop new materials and introduce price-competitive alternative materials to
further reduce production costs and improve product competitiveness.
V. Analysis on investment Status
1. Foreign Equity investment
（1）External investment
□ Applicable √ Not applicable
There was no foreign investment of the Company in the reorting period.
（2）Holding of the equipty in financial enterprises
□ Applicable √ Not applicable
There was no Holding of the equipty in financial enterprises.
（3）Investment in securities
√Applicable □Not applicable
Number Sharehold Number
Sharehold Book
of shares ing of shares
Initial ing balance at Gain.loss
held at proportio held at
Short investmen proportio the end of of the
Security Security the n at the the end of Accounti Sauce of
form of t n at the the reporting
category code beginning beginning the ng items the shares
security cost(RM end of the reporting period
of the of the reporting
B) reporting period (RMB)
reporting reporting period
period(%) (RMB)
period(sh period(%) (shares)
13
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
ares)
Financial
Victor 11,356,63 17,985,96 16,994,76 assets Legal
Stock 000018 3,744,594 2.21% 1,722,794 1.02%
onward A 8.86 9.36 3.49 available shares
for sale
Financial
Equity de
9,847,598 6,357,977 assets
Stock 000030 Fawer 985,733 0.34% 985,733 0.34% bt
.31 .85 available
for sale
21,204,23 24,343,94 16,994,76
Total 4,730,327 -- 2,708,527 -- -- --
7.17 7.21 3.49
Disclosure date for the notice of
March 11, 2014
approval by the Board (If any)
Disclosure date for the notice of
approval by shareholders’
Meeting (If any)
Notes to holding of the equity in other listed companies
□ Applicable√ Not applicable
The company did not hold shares of other listed companies at the reporting period.
2.Information of trust management, derivative investment and entrusted loan
（1）Trust management
□ Applicable√ Not applicable
There was no trust management of the Company in the reorting period.
（2）Derivative investment
□ Applicable√ Not applicable
There was no derivative investment of the Company in the reporting period.
（3）Entrusted loan
□ Applicable√ Not applicable
There was no entrusted loan of the Company in the reporting period.
3.Application of the Raised funds
（1）General application of the raised funds
√ Applicable □ Not applicable
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
In RMB’0000
Total amount of the raised capital 96,175.1
Total raised capital invested in the report period 169.64
Total accumulative raised capital invested 1,718.12
Amount of raised capital of which the purpose was
0
changed in the report period
Accumulative amount of raised capital of which the
0
purpose has been changed
Proportion of raised capital of which the purpose has
0.00%
been changed (%)
Notes to use of raised capital
In the report period, The fund raised for investing the phase-II project of TFT-LCD polaroid reaches RMB 1.6964 million. As of
June 30 , 2014, The balance of fund-raising for the phase-II project is RMB 863.0282 million (this balance including interest
income RMB 18.4584 million), among which, the balance of the company account was RMB 409.5813 million, the balance of
Shengbo Optoelectronic account is RMB 453.4469 million.
（2）Promised projects of raised capital
√ Applicable □ Not applicable
In RMB’0000
Date
Accumul Investme
when the
Total ated nt
Project Total Amount project Benefit Has any
raised amount progress Has the
changed(i investme inested in has realized material
Committed investment capital invested ended the predicted
ncluding nt after the reached in the change taken
projects and investment invested at the end reporting result be
partial adjustme reporting the reporting place in
as of the period(% realized
change) nt (1) period predicted period feasibility
commited reporting )(3)=(2)(
applicabl
period(2) 1)
e status
Committed investment projects
Phase-II
project of polarizer sheet No 96,175.1 96,175.1 169.64 1,718.12 1.79% 0 No No
for TFT-LCD
Subtotal of committeed
-- 96,175.1 96,175.1 169.64 1,718.12 -- -- 0 -- --
investment projects
Investment orientation for und arising out of plan
Total -- 96,175.1 96,175.1 169.64 1,718.12 -- -- 0 -- --
Situation about not coming The Board of Directors submitted the Motion to change the use of proceeds to the shareholders' meeting, it
15
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
up to schemed progress or has not been passed (See Announcement No.: 2014-33), and therefore the project suspended, failed to meet
expected revenue and the the schedule.
reason ( in specific project0
Notes to significant change
Not applicable
in feasibility of the project
Amount, application and
application progress of the Not applicable
unbooked proceeds
About the change of the
implementation site of the
Not applicable
projects invested with the
proceeds
Adjustment of the
implementation way of
Not applicable
investment funded by
raised capital
About the initial
investment in the projects
planned to be invested with Not applicable
the proceeds and the
replacement
Applicable
On March 27, 2014, the 6th meeting of the sixth board of directors examined and adopted the Proposal for
Using the idle proceeds to Supplementing Working Capital with Part of Idle Raised Proceeds. It was approved to use RMB 300
supplement the working million (accounting for 31.2% of the actual net proceeds) unused raised funds for the liquidity, using the
capital on temporary basis period from the date of approval by the Board of directors not more than 12 months since being added, the
specific date is from March 27, 2014 to March 26, 2015, trasfered raise funds RMB 100 million from the
account containning Shengbo Optoelectronic for additional liquidiry on March 27, 2014.
Balance of the proceeds in
process of project
Not applicable
implementation and the
cause
As of June 30, 2014, unused raised proceeds of RMB 100 million were used to temporarily supplement the
About application and
Company's working capital. All the remaining proceeds were deposited in a special account for raised
status of the proceeds
proceeds, unused raised proceeds Balance of RMB 863.0282 million were which will all be used for
unused
promised investment projects.
Problems existing in
application of the proceeds
N/A
and the information
disclosure or other issues
16
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
（3）Changes of raised funds projects
□ Applicable√ Not applicable
There is no change in raised funds in company reporting period.
（4）Fund-raising project
Fund-raising project overview Disclosure date Disclosure index
The special Report on situation of 2014 semi- Announcement No.: 2014-
August 21, 2014
annual raise funds on deposit and actual usage . 50.www.cninfo.com.cn
4. Analysis on principal subsidiaries and Mutual Shareholding Companies
√Applicable □Not applicable
Particulars about the principal subsidiaries and Mutual shareholding companies
In RMB
Leading
Company Company Sectors Registered Operating
products Total assets Net assets Tumover Net Profit
Name type engaged in capital profit
and services
Domestic
Shenzhen
Trade,
Lisi 2,360,000.0 22,306,288. 17,839,333. 3,085,723.8 1,459,229
Subsidiary Lease Property 1,259,526.84
Industrial 0 61 68 5 .98
managemen
Co., Ltd.
t
Accommod
Shenzhen
Hotel ation, 10,005,300. 25,249,960. 20,117,200. 5,091,211.4 1,241,197
Huaqiang Subsidiary 930,565.14
services business 00 87 25 8 .54
Hotel
center;
Shenfang
Property Property
Property 1,600,000.0 6,917,479.3 2,063,711.8 5,369,683.4 177,768.0
Subsidiary managemen managemen 131,837.89
Managemen 0 2 9 6 5
t t
t Co., Ltd.
Production
Shenzhen of fully
Beauty electronic -
Textile 25,000,000. 47,462,655. 33,094,088. 12,356,708.
Century Subsidiary jacquard 1,380,799 -1,357,789.69
industry 00 17 45 67
Garment knitting .69
Co., Ltd. whole
shape
Shenzhen Operating
Shenfang Textile import and 5,000,000.0 82,681,575. 13,530,423. 158,919,55 1,053,229
Subsidiary 821,808.85
Import & trade export 0 42 12 8.30 .94
export Co., business
17
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Ltd.
Shenzhen
Shengbo
Production - -
Opotoelectr 300,000,00 1,898,043,1 1,446,083,1 257,413,85
Subsidiary Flat display and sales of 57,721,68 54,389,232.5
ic 0.00 22.42 58.00 8.13
polarizer 0.45 0
Technology
Co., Ltd
Shengtou
Sales of HKD10,000 6,466,485.9 1,149,158.3 1,208,143
（HK） Subsidiary Flat display 158,346.72 1,208,143.69
polarizer .00 4 0 .69
Co., Ltd.
5. Significant projects of investments with non-raised funds
□ Applicable √ Not applicable
The company has no project invested by raised fund in the reporting period.
VI. Performance Forecast for January to September 2014
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or
comparing with the same period of last year, and statement of causations.
√Applicable □ Not applicable
Forenotice of earnings:Loss
Type of date filled for the prediction:Interval figures
Same period of
Year beginning to end of next
the previous Increase or decrease%
report period
year
Estimated amount of
- -
accumulative net -4,000 -- -3,200 -12 Decreased by --
33,233.00% 26,567.00%
profit(RMB’0000)
Basic earnings per shares - -
-0.08 -- -0.06 0 Decreased by --
(Yuan/share) 30,669.00% 22,977.00%
During the reporting period, foreign polarizer manufacturers increased efforts to open up the
domestic market, thus competition increased in the market. Additionally, affected by share transfer,
the progress of the company's new products certification and follow-up order delayed. After the
Notes to forenotice of equity transfer was terminated, the company immediately recovered and continued to promote
earnings substantive cooperation with Nitto Denko, and to accelerate new product certification. Since
Polaroid industry characteristics, resumption of growth of orders is a process. Reduction in orders
led to inadequate utilization rate, unable to digest the fixed costs, coupled with resulting in an
increased loss.
18
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
VII. Explanation of the Board of Directors and the Supervisor Committee concerning the “Non-standard audit
report ” issued by the CPAs firm for the reporting period
□ Applicable √ Not applicable
VIII.Explanation by the Board of Directors about the “ non-standard audit report “ for lastyear.
□Applicable √ Not applicable
IX. Profit distribution carried out in the report period
Execution or adjustment of profit distribution, especially cash dividend, and capitalizing of reserves in the report
period.
□ Applicable √ Not applicable
Previous year’s profit distribution plan was no profit distribution and shares converted from capital reserve either
X. Preplan for profit distribution and turning capital reserve into share capital in the reporting period
□ Applicable √ Not applicable
The Company planed that no to distribute cash dividend, bonus shares and there was no turning of capital reserve
into share capital.
XI. Particulars about researches, visits and interviews received in this reporting period
□ Applicable √ Not applicable
There is no reception research, interviews and other activities during the reporting period.
V. Important Events
19
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
I. Administrative position
During the reporting period, the company strictly obey the "Securities Law", "Company Law", "Shenzhen
Stock Exchange listed companies standardize operational guidelines Corporate Governance Guidelines" and other
relevant laws and regulations and documents regulating the operation while improving internal organizational
structure and workflow control, strengthen risk management to safeguard the healthy and stable development of
the company. Currently, the company has basic sound governance system and stable management operation,
appropriate corporate governance structure, meet the requirements relevant corporate governance regulatory
documents issued by China Securities Regulatory Commission.
During the reporting period, according to the requirements of Shenzhen Securities Regulatory Bureau, the
company reviewed the commitments made after public listing. Expect the commitments made during the 2006
disclosure of the equity division reform formulation equity incentive plan was not fulfilled owing to the objective
reasons such as relevant laws, regulations and policy change. Other public commitments have fulfilled.
As Shenzhen Investment Holding Co., Ltd., the controlling shareholder of the Company, is an enterprise
directly under Shenzhen State-owned Assets Commission, the Company implements relevant regulations of the
controlling shareholder on management of state-owned assets. The non-open information reported to the
controlling shareholders mainly includes: Submit the index report monthly and submit expenses report,
financial asset statement, deposits and financing loan summary statement quarterly.
To strengthen the management of non-open information, the Company strictly controlled the scope of
persons, standardized the process of information transmission and strictly implemented the Regulations on Insider
Management.
Except this, there was no difference between the actual conditions of corporate governance and the
requirements of the Company Law and relevant regulations of CSRC.
II. Major lawsuits and Arbitration affairs
□ Applicable √ Not applicable
The Company has no major lawsuit or arbitration in the report period.
Other litigation matters:
During the reporting period, the company received the No.28 respondent notice issued by Shenzhen
Intermediate People's Court (2014) Foreign legislation, the plaintiff association of Hong Kong Xieli Automobile
Co., Ltd liability disputes has been formally accepted. The company as the first defendant, Shenzhen Xieli
Automobile Co., Ltd. was the second defendant. The plaintiff requested: 1, the economic loss of tort liability by
the total amount of RMB 31.8579 million ; 2, the second defendant involved in joint liability of the amount of
compensation; 3, the litigation fee paid by two co-defendants. Currently the case was in process, the company
temporarily unable to determine the impact of the litigation on the company's profit in current or future period.
III. Query form media
√ Applicable □Not applicable
Explanation for the questioned matte
Disclosure date Disclosure index
rs form media
20
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
On March 18, 2014, the Securities
Times published "Shenzhen Textile
equity successor Huaxing power,"
the article reported that "Shenzhen
State-owned operating platform
Shenzhen Investment Holdings Co.,
Ltd. intends to transfer Shenzhen "Clarification Announcement"
March 19, 2014
Textile A 26% -29%. After
（No.:2014-18）
investigation and verification, these
rumors are unreal. In consultation
with TCL Group, it is confirmed that
its holding subsidiary Huaxing
power does not participate in the
share transfer bid.
IV. Bankruptcy or Reorganization Events
□ Applicable √ Not applicable
There Company was not involved in any bankruptcy or reorganization events in the reporting period.
V. Transaction in Assets
1. Purchase of assets
□ Applicable √ Not applicable
There is no purchase of assets in the Company during the reporting period.
2. Sale of assets
□ Applicable √ Not applicable
There is no sale of assets in the Company during the reporting period
3. Business combination
□ Applicable √ Not applicable
There is no business combination in the Company during the reporting period.
VI. Implementation and Influence of Equity Incentive Plan of the Company
□ Applicable √ Not applicable
There is no equity incentive plan and its implementation in the Company during the reporting period.
VII. Significant related-party transactions
1. Related transactions in connection with daily operation
√ Applicable □Not applicable
Type of Descripti Principle Price of Amount Proportio
Related Relations Mode of Market Disclosur Disclosur
related on of of picing related of the n in the
parties hip settlement price e date e index
parties related of the transactio related amount of
21
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
transactio related ns transactio the
ns transactio n similar
n (RMB’00 transactio
00) n (%)
The
director
and
general
Shenzhen
manager Sale
Tianma Sales of
of the products Market Agreeme Transfer
Microelec polarizer 179.24 0.56%
Company to related Principle nt price accounts
tronics sheet
was parties
Co., Ltd.
Managing
Director
of the
company
Total -- -- 179.24 -- -- -- -- --
2. Related-party transactions arising from asset acquisition or sale
□ Applicable √ Not applicable
The Company was not involved in any related-party transactions arising from asset acquisition or sale during the
reporting period.
3. Related-party transitions with joint investments
□ Applicable √ Not applicable
The Company was not involved in any related-party transaction with joint investments during the reporting period.
4. Credits and liabilities with related parties
√ Applicable □ Not applicable
Was there any non-operating credit or liability with any related party?
√ Yes □ No
Whether there Balance at the Amount in
Type of Balance at the
Association Reason for is the use of beginning of this
Associated party claims and end of period
relationship formation non-operating period period(RMB’
debts (RMB’0000)
capitals (RMB’0000) 0000)
The director
and general
Shenzhen Tianma Related party
manager of
Microelectronics Co., debt Sale products No 88.79 15.21 104
the Company
Ltd. receivable
was Managing
Director of the
22
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
company
Related party
Shenzhen Dailishi Sharing
debt Contract fee No 25.64 -79.07 -53.43
Underwear Co., Ltd. company
receivable
Related party
Anhui Huapeng Sharing
debt Contract fee No 180 90 270
Textile Co., Ltd. company
receivable
Shenzhen Xinfang Knitting Sharing Related party Current amou
No 21.68 2.8 24.48
Co., Ltd. company debt payable nt
Shenzhen Xiangjiang Sharing Related party Current amou
No 4 4
Trade Co., Ltd company debt payable nt
Shenzhen Changlianfa
Sharing Related party Current amou
Printing & dyeing No 68.48 -10.02 58.46
company debt payable nt
Co., Ltd.
Shenhen Hengsheng Sharing Related party Current amou
No 136.79 136.79
Investment Company company debt payable nt
Shenzhen Haohao
Sharing Related party Current amou
Property Leasing Co., No 335.39 -22.44 312.95
company debt payable nt
Ltd
Shenzhen Shenchao
Controlled by Related party
Technology Loan interest No 2,397.09 457.53 2,854.62
the same party debt payable
Investment Co., Ltd.
5. Other significant related-party transactions
□ Applicable √ Not applicable
The Company was not Other significant related-party transactions during the reporting period.
VIII. Particulars about the non-operating occupation of funds by the controlling shareholder
and other related parties of the Company
□ Applicable √ Not applicable
The Company was not involved in the non-operating occupation of funds by the controlling shareholder and other
related parties during the reporting period.。
IX. Particulars about significant contracts and their fulfillment
1. Particulars about trusteeship, contract and lease
(1) Trusteeship
□ Applicable √ Not applicable
23
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
There was no any trusteeship of the Company in the reporting period.
(2) Contract
□ Applicable √ Not applicable
There was no any contract of the Company in the reporting period.
(3) Lease
□ Applicable √ Not applicable
There was not involved in ant lease of the Company in the reporting period.
2. Guarantees provided by the company
□ Applicable √ Not applicable
There was not involved in any Guarantees provided by the company in the reporting period.
(1) Particulars about illegal external guarantee
□ Applicable √ Not applicable
There was no particular about illegal external guarantee of the Company in the reporting period.
3. Other significant contracts
□ Applicable √ Not applicable
There was no other significant contract of the Company in the reporting period.
4. Other significant transactions
□ Applicable √ Not applicable
There was no other significant transaction of the Company in the reporting period.
X. Commitments made by the Company or shareholders holding over 5% of the Company’s shares in the
reporting period or such commitments carried down into the reporting period
√ Applicable □Not applicable
Commitment Time of making Peiod of
Commitment Contents Fulfillment
maker commitment commitment
As Shenzhen
Investment
Holdings Co.,
Ltd., the
Shenzhen
controlling
Investment Sustained and Under
Commitment on share reform shareholder of
Holdings Co., effective Fulfillment
the company,
Ltd.
committed when
the restricted-
for-sale shares
from the shares
24
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
restructuring
were listed for
circulation in the
market: i. if they
plan to sell the
shares through
the securities
exchange
system in the
future, and the
decrease of the
shares they hold
reaches 5%
within 6 months
after the first
decrease, they
will disclose an
announcement
indicating the
sale through the
company within
two trading days
before the first
decrease; ii.
They shall
strictly observe
the “Guidelines
on Transfer of
Restricted-for-
sale Original
Shares of Listed
Companies” and
the provisions of
the relevant
business
principles of
Shenzhen Stock
Exchange.
In order to enha
Not fulfilled, ha
nce the confiden
s been terminate
ce of the shareh
The Company August 4, 2006 d (Refer
olders of tradabl
Announcement
e A shares, ince
No. 2014-44)
ntive manageme
25
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
nt, make the inte
rests of manage
ment and shareh
olders can be ali
gned, the compa
ny would formul
ate management
equity incentive
plan according t
o relevant regula
tions after the co
mpletion of rada
ble share reform
.
Commitment in the acquisition report or
the report on equity changes
Commitment made upon the assets
replacement
Shenzhen
Investment
Holdings Co.,
Ltd. signed a
“Letter of
Commitment
and Statement
on Horizontal
Competition
Avoidance”
when the
Shenzhen
company issued
Investment Sustained and Under
Commitments made upon issuance non-public
Holdings Co., effective Fulfillment
stocks in 2009.
Ltd.
Pursuant to the
Letter of
Commitment
and Statement,
Shenzhen
Investment
Holdings Co.,
Ltd. and its
wholly owned
subsidiary,
subsidiaries
26
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
under control or
any other
companies that
have actual
control of it
shall not be
involved in the
business the
same as or
similar to those
Shenzhen
Textile currently
or will run in the
future, or any
businesses or
activities that
may constitute
direct or indirect
competition
with Shenzhen
Textile; if the
operations of
Shenzhen
Investment
Holdings Co.,
Ltd. and its
wholly owned
subsidiaries,
subsidiaries
under control or
other companies
that have actual
control of it
compete with
Shenzhen
Textile in the
same industry or
contradict the
interest of the
issuer in the
future, Shenzhen
Investment
Holdings Co.,
Ltd. shall urge
27
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
such companies
to sell the
equity, assets or
business to
Shenzhen
Textile or a third
party; when the
horizontal
competition may
occur due to the
business
expansion
concurrently
necessary for
Shenzhen
Investment
Holdings Co.,
Ltd. and its
wholly owned
subsidiaries,
subsidiaries
under control or
other companies
that have actual
control of it and
Shenzhen
Textile,
Shenzhen
Textile shall
have priority.
The
commitments
during the
period non-
public issuance
Shenzhen in 2012: 1.
Investment Shenzhen Sustained and Under
Holdings Co., Investment effective Fulfillment
Ltd. Holdings, as the
controlling
shareholder of
Shenzhen
Textile,
currently hasn't
28
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
the production
and business
activities of
inter-industry
competition
with Shenzhen
Textile or its
share-holding
subsidiary. 2.
Shenzhen
Investment
Holdings and its
share-holding
subsidiaries or
other enterprises
owned the actual
control rights
can't be directly
and indirectly on
behalf of any
person,
company or unit
to engage in the
same or similar
business in any
districts in the
future by the
form of share-
holding, equity
participation,
joint venture,
cooperation,
partnership,
contract, lease,
etc., and ensure
not to use the
controlling
shareholder's
status to damage
the legitimate
rights and
interests of
Shenzhen
Textile and
29
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
other
shareholders, or
to gain the
additional
benefits. 3. If
there will be the
situation of
inter-industry
competition
with Shenzhen
Textile for
Shenzhen
Investment
Holdings and its
share-holding
subsidiaries or
other enterprises
owned the actual
control rights in
the future,
Shenzhen
Investment
Holdings will
promote the
related
enterprises to
avoid the inter-
industry
competition
through the
transfer of
equity, assets,
business and
other ways. 4.
Above
commitments
will be
continuously
effective and
irrevocable
during Shenzhen
Investment
Holdings as the
controlling
30
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
shareholder of
Shenzhen
Textile or
indirectly
controlling
Shenzhen
Textile
Refer to the
Announcement
of Approval of
Application for
Private Issue of
Shenzhen Shares that 36 months from
Investment issued by the the listing day of Under
March 25, 2013
Holdings Co., Board of new shares, i.e., Fulfillment
Ltd. Directors of March 26, 2013
Shenzhen
Textile
(Holdings) Co.,
Ltd.（No.:2013-
12）
Refer to the
Announcement
of Approval of
Application for
Other objects of Private Issue of
issue including Shares that 12 months from
Tibet Ruihua issued by the the listing day of Under
March 25, 2013
Investment Board of new shares, i.e., Fulfillment
Development Directors of March 26, 2013
Co., Ltd. Shenzhen
Textile
(Holdings) Co.,
Ltd.（No.:2013-
12）
Other commitments made to minority
shareholders
Executed timely or not? Yes
Company used to promise to formulate management equity incentive plan, due to chan
Detailed person for failing to execute and ges in policies and regulations and related conditions it can not be formulated. The com
the next plan pany would decide whether to perform the re-launch equity in centive plan after
decision-making process based on future developments.
31
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
XI. Particulars about engagement and disengagement of CPAs firm
Whether the semi-annual financial report had been audited?
□ Yes √ No
XII. Punishment and Rectification
□ Applicable √ Not applicable
There was no any punishment and rectification of the Company in the reporting period.
XIII. Reveal of the delisting risks of illegal or violation
□ Applicable √ Not applicable
There was no any delisting risk of illegal or violation of the Company in the reporting period.
XIV. Explanation about other significant matters
√ Applicable □ Not applicable
(1) The termination of the matter on the controlling shareholder intending to transfer part of the equity of the
company
On January 29, 2014, the company released "The Suspension Announcement of Important Events" (No.
2014-03). For the Shenzhen Investment Holdings intended to plan the important matters of the company, the
stocks of the company were suspended from 13:00pm on January 28, 2014; "The Suggestive Notice on the
Controlling Shareholder's Intention to Transfer Part of the Equity of the Company" was released on February 28,
2014 (No.2014-09), through soliciting transferees publicly, the investment controller intended to agree on
transferring the stocks which should not be lower than 26％ and not higher than 29％ of the total capital stock
(Share A that not lower than 131, 695, 681, not higher than 146,891,336 ). On March 17, 2014, the company
issued "The Announcement on the Controlling Shareholder's Intention to Transfer Part of the Equity and to Solicit
Transferees Publicly" (No.2014-16). Hereafter, the stocks of the company were restarted in the morning on the
same day after the market was opened. "The Suspension Notice" (No.2014-19) was released on March 25, 2014,
for the Shenzhen Investment Holdings was soliciting potential transferees to share part of the equity, and due to
the uncertainty of the matter, the stocks of the company were suspended in the morning on the same day after the
market was open. On April 8,2014, the company issued "The Progress Announcement on the Controlling
Shareholder's Intention to Transfer Part of the Equity" (No.2014-30), by 15:30pm, April 4, 2014, only TCL Group
submitted the letter of intention and the related materials, and fully paid for the contracting deposit. TLC Group
became the only intended transferee. Whether TLC Group could be the final transferee was the question which
needed to be ensured through negotiation procedures and approval procedures of related departments, and there
was great uncertainty for both parties to reach an agreement and get approval of related departments. In order to
ensure the investors' benefits, the suspension of the stocks would continue. On June 9, the company received an
official letter from Shenzhen Investment Holdings who proposed termination of the deal, thus there was an end of
the transferring matter. The stocks restarted in the morning on June 10th after the market was open.
(2) Approval on the Company's Cooperation with Nitto Denko and the Alteration of Fund-raised Purposes
Failed by the General Meeting of Stockholders
On March 7, 2014, The Proposal on the Signature Framework Agreement of the Company and the Proposal
on the Alteration of the Fund-raised Purposes" and other proposals had been examined and approved by the Fifth
Meeting of the Sixth Board of Directors of the company. The company intended to alter the original investment-
32
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
raising project to Phase 2 transformation project of constructing TFT-LCD and AMOLED-purpose polarizer
jointly (Production Line 6). Also, the company has invested RMB 922.3345 million for the new project on the
basis of the amount of RMB182.14 million invested on the original project. The total investment was RMB
1104.4745 million on the changed project, which accounted for 115% of the net amount of the fund (RMB
961.751 million). Details refer to company announcement No. 2014-12 and No. 2014-14.
On March 27, 2014, the two proposals mentioned above were submitted to the first Provisional general
meeting of the stockholders for deliberation, Shenzhen Investment Holdings and Shenchao Technology abstained
for them, thus these two proposals didn’t get through at this meeting. The dominant stockholder, Shenzhen
investment Holdings, provided special explanation, “So far, our company is transferring part of your company’s
equity through soliciting transferees publicly (not less than 26% and not more than 29% of the total capital stock).
During this period, it’s not appropriate to examine the important matters of your company. Through study, our
company determined to abstain for the two proposals at the first provisional general meeting of stockholders in
2014.” Details refer to company announcement No. 2014-21.
33
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
VI. Change of share capital and shareholding of Principal Shareholders
(I).Changes in share capital
In shares
Before the change Increase/decrease（+，-） After the Change
Amount Proportion Capitalizat
ion of
Share Bonus Proportio
common Other Subtotal Quantity
allotment shares n
reserve
fund
- -
1.Shares with conditional 170,076,8 51,527,72
33.58% 118,549,0 118,549,0 10.17%
subscription 00 6
74 74
2.State-owned legal person 51,457,97 51,457,97
10.16% 0 0 10.16%
shares 6 6
- -
118,618,8
3.Other domestic shares 23.41% 118,549,0 118,549,0 69,750 0.01%
24
74 74
Domestic Nature shares 76,800 0.01% -7,050 -7,050 69,750 0.01%
II.Shares with 336,445,0 118,549,0 118,549,0 454,994,1
66.42% 89.83%
unconditional subscription 49 74 74 23
287,021,8 118,542,0 118,542,0 405,563,8
1.Common shares in RMB 56.67% 80.07%
49 24 24 73
2.Foreign shares in 49,423,20 49,430,25
9.75% 7,050 7,050 9.76%
domestic market 0 0
506,521,8 506,521,8
III. Total of capital shares 100.00% 0 0 100.00%
49 49
Reasons for share changed:
√Applicable □ Not applicable
During the period of report, 118,542,024 shares issued by the company non-publicly for Ping'an Dahua Fund
Management Co., Ltd. and the other six particular investors were relieved from the restricted sales and increased
new 118,542,024 shares with no sale limitations. This part of the equity was relieved on April 1, 2014. Details
refer to company announcement No. 2014-28 On March 29, 2014..
During the period of report, 7,050 shares of lock stocks of the senior executives held by the company’s
original supervisor Zhou Meirong expired and increased new 7050 shares with no sale limitations.
Approval of Change of Shares
□ Applicable √ Not applicable
Ownership transfer of share changes
□ Applicable √ Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to
34
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
common shareholders of Company in latest year and period
□ Applicable √ Not applicable
Other information necessary to disclose for the company or need to disclosed under requirement from security
regulators
□ Applicable √ Not applicable
Explanation on changes in aspect of total shares, shareholders structures as well as structure of assets and liability
of the Company
□ Applicable √ Not applicable
II. Number of shares and shares held
In shares
Total number of preferred
shareholders that had restored
Total number of common
the
shareholders at the end of the 24,826 0
voting right at the end of the
reporting period
reporting period (if any) (note
8)
Shareholding of shareholders holding more than 5% shares
Amount Amount Number os share
Changes
Proportion of Number of of of un- pledged/frozen
Nuture of in
Shareholders shares held shares held at restricte restricte
shareholder reportin
（%） period -end d shares d shares State of share Amount
g period
held held
Shenzhen
Investment State-owned legal 51,457, 182,611,
46.21% 234,069,436
Holdings Co., person 976 460
Ltd.
Pingan Dahua
Fund Company－ 17,152,
Other 3.39% 17,152,659
Pingan Bank－ 659
Wang Fang
Shenzhen
Shenchao
State-owned 16,129,
Technology 3.18% 16,129,032
Legal person 032
Investment Co.,
Ltd.
Domestic non State- -
CITIC Securities 14,770,
owned 2.92% 14,770,031 238292
Co., Ltd. 031
Legal person 8
ICBC－Nuoan 4,500,0
Other 0.89% 4,500,000
Securities 00
35
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Investment Fund
National Social -
4,300,2
Security Fund Other 0.85% 4,300,257 131997
57
portfolio 501 43
Tibet Ruihua
Domestic non State- -
Investment 3,500,0
owned 0.69% 3,500,000 176080
Development 00
Legal person 61
Co., Ltd.
Domestic natural 202690 2,026,9
Sun Fuxue 0.40% 2,026,900
person shares 0 00
Domestic natural 2,000,0 2,000,0
Sun Deliang 0.39% 2,000,000
person shares 00 00
Zhongrong
International
144000 1,440,0
Trust Co., Ltd.－ Other 0.28% 1,440,000
0 00
Zhongrong
Xingcheng No.1
Strategy investors or general legal The restricted shares issued by the company non-publicly for Tibet Ruihua Investment
person becomes top 10 shareholders Development Co., Ltd.,Ping'an Dahua Fund Management Co., Ltd., CITIC Securities Co.,
due to rights issued (if any )(See Notes Ltd., Boshi Fund Management Co., Ltd. and Nuoan Fund Management Co., Ltd. were
3) relieved from restricted sales and got great circulation since April 1, 2014.
Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of
Shenzhen Investment Holding Co., Ltd. and a person taking concerted action. Except this,
Explanation on shareholders the Company did not whether there is relationship between the top ten shareholders
participating in the margin trading holding non-restricted negotiable shares and between the top ten shareholders holding non-
business restricted negotiable shares and the top 10 shareholders or whether they are persons taking
concerted action defined in Regulations on Disclosure of Information about Shareholding
of Shareholders of Listed Companies.
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Shenzhen Investment Holdings Co., RMB Common
182,611,460 182,611,460
Ltd. shares
Pingan Dahua Fund Company－Pingan RMB Common
17,152,659 17,152,659
Bank－Wang Fang shares
Shenzhen Shenchao Technology RMB Common
16,129,032 16,129,032
Investment Co., Ltd. shares
RMB Common
CITIC Securities Co., Ltd. 14,770,031 14,770,031
shares
36
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
ICBC－Nuoan Securities Investment RMB Common
4,500,000 4,500,000
Fund shares
National Social Security Fund portfolio RMB Common
4,300,257 4,300,257
501 shares
Tibet Ruihua Investment Development RMB Common
3,500,000 3,500,000
Co., Ltd. shares
RMB Common
Sun Fuxue 2,026,900 2,026,900
shares
RMB Common
Sun Deliang 2,000,000 2,000,000
shares
Zhongrong International Trust Co., RMB Common
1,440,000 1,440,000
Ltd.－Zhongrong Xingcheng No.1 shares
Explanation on associated relationship
Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of
or consistent action among the top 10
Shenzhen Investment Holdings Co., Ltd. and a person taking concerted action. Except this,
shareholders of non-restricted
the Company did not make sure whether there is relationship between the top ten
negotiable shares and that between the
shareholders holding non-restricted negotiable shares and if they are persons taking
top 10 shareholders of non-restricted
concerted action defined in Regulations on Disclosure of Information about Shareholding
negotiable shares and top 10
of Shareholders of Listed Companies.
shareholders
Explanation on shareholders
participating in the margin trading N/A
business(if any )(See Notes 4)
Did any shareholder of the Company carry out an agreed buy-back in the reorting period?
□ Yes √ No
Shareholders of the Company had not carried out any agreed buy-back in the reporting period.
III. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
IV. Particulars on shareholding increase scheme during the reporting period proposed or implemented by the
shareholders and act-in-concert persons
□ Applicable √ Not applicable
Within the scope known to the Company, there was no any shareholding increase scheme during the reporting
period proposed or implemented by the shareholders and act-in-concert persons.
37
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Section VII. Situation of the Preferred Shares
I.Situation of preferred stock issuance and listing during the reporting period
□ Applicable √ Not Applicable
II.Situation of number of preference shareholders and shareholding
□ Applicable √ Not Applicable
III.Situation of repurchase or conversion of preferred shares
1.situation of repurchase of preferred shares
□ Applicable √ Not Applicable
2.situation of conversion of preferred shares
□ Applicable √ Not Applicable
IV.Situation of restoration and usage of voting preference shares
□ Applicable √ Not Applicable
V.Accounting policies and reasons adopted by preferred shares
□ Applicable √ Not Applicable
38
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
VIII. Information about Directors, Supervisors and Senior Executives
I. Change in shares held by directors, supervisors and senior executives
□ Applicable √ Not Applicable
There was no change in shareholding of directors, supervisors and senior management staffs, for the specific
information please refer to the 2013 Annual Report.
II. Changes in directors, supervisors and senior management staffs
□ Applicable √ Not Applicable
There was no change in directors, supervisors and senior management staffs, for the specific information please
refer to the 2013 Annual Report.
39
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
IX. Financial Report
1. Audit report
Has this semi-annual report been audited?
□ Yes √ No
The semi-annual financial report has not been audited.
II. Financial statements
Currency unit for the statements in the notes to these financial statements:RMB
1. Consolidated balance sheet
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 1,055,610,139.91 949,317,213.07
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable 31,290,852.77 19,031,515.21
Account receivable 161,467,358.31 138,422,205.01
Prepayments 56,097,505.25 21,031,777.16
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 8,224,480.14 6,226,199.59
Dividend receivable
Other account receivable 24,821,661.87 140,270,310.59
Repurchasing of financial assets
Inventories 226,419,152.77 203,810,815.20
Non-current asset due in 1 year
Other current asset 100,000,000.00
40
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Total of current assets 1,563,931,151.02 1,578,110,035.83
Non-current assets：
Loans and payment on other’s behalf
disbursed
Disposable financial asset 24,343,947.21 41,829,021.22
Expired investment in possess
Long-term receivable
Long term share equity investment 48,781,846.41 48,715,143.22
Property investment 144,192,931.65 147,480,587.85
Fixed assets 840,478,489.54 878,246,098.01
Construction in progress 85,854,860.37 62,917,215.99
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 42,925,579.33 43,878,071.37
R & D petrol
Goodwill 9,614,758.55 9,614,758.55
Long-germ expenses to be amortized 580,586.16 835,279.18
Differed income tax asset 36,210,755.29 40,133,524.69
Other non-current asset
Total of non-current assets 1,232,983,754.51 1,273,649,700.08
Total of assets 2,796,914,905.53 2,851,759,735.91
Current liabilities
Short-term loans 9,742,632.72
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Bill payable
Account payable 116,543,248.19 108,297,855.85
Advance payment 62,901,687.38 31,672,395.99
Selling of repurchased financial
assets
41
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Fees and commissions receivable
Employees’ wage payable 27,642,561.15 35,273,275.68
Tax payable -78,663,533.63 -77,213,236.39
Interest payable 28,600,063.92 23,970,903.52
Dividend payable
Other account payable 100,084,687.44 120,089,826.28
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
Other current liability
Total of current liability 266,851,347.17 242,091,020.93
Non-current liabilities：
Long-term loan 200,000,000.00 200,000,000.00
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability 4,075,141.42 60,228,995.93
Other non-current liabilities 61,095,698.93 51,593,141.94
Total of non-current liabilities 265,170,840.35 311,822,137.87
Total of liability 532,022,187.52 553,913,158.80
Owners’ equity
Share capital 506,521,849.00 506,521,849.00
Capital reserves 1,595,215,820.42 1,606,525,169.42
Less：Shares in stock
Special reserves
Surplus reserves 59,801,735.10 59,801,735.10
Common risk provision
Undistributed profit 103,353,313.49 124,997,823.59
Different of foreign currency
translation
Total of owner’s equity belong to the 2,264,892,718.01 2,297,846,577.11
42
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
parent company
Minority shareholders’ equity
Total of owners’ equity 2,264,892,718.01 2,297,846,577.11
Total of liabilities and owners’ equity 2,796,914,905.53 2,851,759,735.91
Legal representative ：Wang Bin
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
2. Balance sheet of Parent Company
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 454,165,302.55 365,620,681.34
Trading financial assets
Bill receivable
Account receivable 383,706.25 26,603.36
Prepayments 2,266,272.00 2,266,272.00
Interest receivable 3,727,262.15 5,203,000.01
Dividend receivable
Other account receivable 65,108,580.90 162,531,389.65
Inventories
Non-current asset due in 1 year
Other current asset
Total of current assets 525,651,123.85 535,647,946.36
Non-current assets：
Disposable financial asset 24,343,947.21 41,829,021.22
Expired investment in possess
Long-term receivable
Long term share equity
1,822,338,354.49 1,822,271,651.30
investment
Property investment 136,028,616.33 139,080,456.27
Fixed assets 28,041,772.44 29,101,578.28
43
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Construction in progress 25,038,407.19 22,003,109.19
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,939,971.60 2,050,543.64
R & D petrol
Goodwill
Long-germ expenses to be
amortized
Differed income tax asset 4,022,059.23 5,299,239.57
Other non-current asset
Total of non-current assets 2,041,753,128.49 2,061,635,599.47
Total of assets 2,567,404,252.34 2,597,283,545.83
Current liabilities
Short-term loans
Trade off financial liabilities
Bill payable
Account payable 411,743.57 411,743.57
Advance payment 639,024.58 639,024.58
Employees’ wage payable 3,881,934.95 6,012,522.26
Tax payable 8,670,076.64 4,076,158.54
Interest payable
Dividend payable
Other account payable 63,348,429.33 59,810,489.72
Non-current liability due in 1 year
Other current liability
Total of current liability 76,951,209.07 70,949,938.67
Non-current liabilities：
Long-term loan
Bond payable
Long-term payable
Special payable
Expected liabilities
44
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Differed income tax liability 4,075,141.42 60,228,995.93
Other non-current liabilities
Total of Non-current liabilities 4,075,141.42 60,228,995.93
Total of liability 81,026,350.49 131,178,934.60
Owners’ equity
Share capital 506,521,849.00 506,521,849.00
Capital reserves 1,586,632,838.63 1,597,942,187.63
Less：Shares in stock
Special reserves
Surplus reserves 59,801,735.10 59,801,735.10
Provision of general risk
Undistributed profit 333,421,479.12 301,838,839.50
Different of foreign currency
translation
Total of owners’ equity 2,486,377,901.85 2,466,104,611.23
Total of liabilities and owners’
2,567,404,252.34 2,597,283,545.83
equity
Legal representative ：Wang Bin
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
3.Consolidated Profit Statement
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 471,623,824.81 576,348,010.06
Incl：Business income 471,623,824.81 576,348,010.06
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 505,850,180.68 604,944,312.58
Incl：Business cost 434,138,124.26 527,913,970.56
Interest expense
45
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 3,584,141.74 4,563,456.68
Sales expense 5,101,502.04 4,096,726.20
Administrative expense 64,664,701.53 75,713,852.63
Financial expenses -6,832,620.68 -13,929,247.57
Asset impairment loss 5,194,331.79 6,585,554.08
Add：Gains from change of fir
value （“-”for loss）
Investment gain（“-”for loss） 20,023,663.46 21,908,307.47
Incl: investment gains from
541,081.40 421,730.17
affiliates
Gains from currency exchange
（“-”for loss）
III. Operational profit （ “-”for
-14,202,692.41 -6,687,995.05
loss
Add：Non-business income 5,943,159.74 5,976,618.99
Less：Non business expenses 3,751.62 10,000.00
Incl：Loss from disposal of non-
3,638.02
current assets
IV.Total profit(“-”for loss) -8,263,284.29 -721,376.06
Less：Income tax expenses 13,381,225.81 7,319,888.20
V. Net profit（“-”for net loss） -21,644,510.10 -8,041,264.26
Including: Net profit realized by
the entity taken over before the
takover
Net profit attributable to the
-21,644,510.10 -8,041,264.26
owners of parent company
Minority shareholders’ equity
VI. Earnings per share： -- --
（I）Basic earnings per share -0.04 -0.02
(II)Diluted earnings per share -0.04 -0.02
46
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
VII. Other comprehensive income -11,309,349.00 -1,531,360.83
VIII. Total comprehensive income -32,953,859.10 -9,572,625.09
Total comprehensive income
attributable to the owner of the -32,953,859.10 -9,572,625.09
parent company
Total comprehensive income
attributable minority shareholders
Legal representative ：Wang Bin
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
4. Profit statement of the Parent Company
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 30,655,348.44 30,483,599.05
Lessl：Business cost 5,529,444.88 6,096,505.49
Business tax and surcharge 2,531,708.11 3,226,976.57
Sales expense
Administrative expense 13,207,769.32 15,558,850.89
Financial expenses -7,772,697.14 -2,964,454.33
Asset impairment loss -5,108,721.37 -391,398.70
Add：Gains from change of fir
value （“-”for loss）
Investment gain（“-”for loss） 19,366,549.89 44,006,427.51
Incl: investment gains from
541,081.40 421,730.17
affiliates
II. Operational profit（“-”for
41,634,394.53 52,963,546.64
loss）
Add：Non-business income 95,873.24
Less：Non- business expenses
Incl：Loss from disposal of non-
current assets
III.Total profit(“-”for loss) 41,730,267.77 52,963,546.64
47
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Less：Income tax expenses 10,147,628.15 7,415,216.40
IV. Net profit（“-”for net loss） 31,582,639.62 45,548,330.24
V. Earnings per share： -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VI. Other comprehensive income -11,309,349.00 -1,531,360.83
VII. Total comprehensive income 20,273,290.62 44,016,969.41
Legal representative ：Wang Bin
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
5. Consolidated Cash flow statement
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating
activities
Cash received from sales of goods
497,024,089.61 553,459,222.12
or rending of services
Net increase of customer deposits
and capital kept for brother
company
Net increase of loans from central
bank
Net increase of inter-bank loans
from other financial bodies
Cash received against original
insurance contract
Net cash received from
reinsurance business
Net increase of client deposit and
investment
Net increase of trade financial
asset disposal
Cash received as interest,
48
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
processing fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Tax returned 46,604,162.52 53,614,798.93
Other cash received from business
33,380,239.99 13,520,180.71
operation
Sub-total of cash inflow 577,008,492.12 620,594,201.76
Cash paid for purchasing of
521,676,998.47 598,394,828.97
merchandise and services
Net increase of client trade and
advance
Net increase of savings n central
bank and brother company
Cash paid for original contract
claim
Cash paid for interest, processing
fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for
67,043,018.97 55,204,135.27
staffs
Taxes paid 65,076,170.79 11,956,318.69
Other cash paid for business
13,761,568.22 11,990,601.36
activities
Sub-total of cash outflow from
667,557,756.45 677,545,884.29
business activities
Cash flow generated by business
-90,549,264.33 -56,951,682.53
operation, net
II.Cash flow generated by
investing
Cash received from investment
19,302,132.19 22,053,747.37
retrieving
Cash received as investment gains 1,418,603.30 1,519,830.85
Net cash retrieved from disposal
of fixed assets, intangible assets, 53,383.91
and other long-term assets
Net cash received from disposal 100,386,000.00
49
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
of subsidiaries or other
operational units
Net cash received from disposal
of subsidiaries or other 102,522,651.09
operational units
Sub-total of cash inflow due to
223,682,770.49 23,573,578.22
investment activities
Cash paid for construction of
fixed assets, intangible assets and 34,306,536.40 78,272,962.01
other long-term assets
Cash paid as investment
Net increase of loan against
pledge
Net cash received from
subsidiaries and other operational
units
Other cash paid for investment
500,000.00 300,000,000.00
activities
Sub-total of cash outflow due to
34,806,536.40 378,272,962.01
investment activities
Net cash flow generated by
188,876,234.09 -354,699,383.79
investment
III.Cash flow generated by
financing
Cash received as investment 965,380,350.00
Incl: Cash received as investment
from minor shareholders
Cash received as loans 27,190,685.66 32,644,068.61
Cash received from bond placing
Other financing –related ash
received
Sub-total of cash inflow from
27,190,685.66 998,024,418.61
financing activities
Cash to repay debts 18,073,479.58 72,797,503.09
Cash paid as dividend, profit, or
56,000.00 579,124.83
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
50
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Other cash paid for financing
775,000.00
activities
Sub-total of cash outflow due to
18,129,479.58 74,151,627.92
financing activities
Net cash flow generated by
9,061,206.08 923,872,790.69
financing
IV. Influence of exchange rate
alternation on cash and cash 826,612.36 -129,860.85
equivalents
V.Net increase of cash and cash
108,214,788.20 512,091,863.52
equivalents
Add: balance of cash and cash
equivalents at the beginning of 943,913,951.68 227,189,754.43
term
VI.Balance of cash and cash
1,052,128,739.88 739,281,617.95
equivalents at the end of term
Legal representative ：Wang Bin
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
6. Cash flow statement of the Parent Company
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating
activities
Cash received from sales of goods
30,326,814.40 30,339,632.40
or rending of services
Tax returned 0.00
Other cash received from business
24,230,912.08 30,518,720.56
operation
Sub-total of cash inflow 54,557,726.48 60,858,352.96
Cash paid for purchasing of
2,401,752.48 2,720,194.83
merchandise and services
Cash paid to staffs or paid for
9,047,048.85 9,995,476.97
staffs
51
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Taxes paid 59,798,641.79 6,239,542.61
Other cash paid for business
12,680,084.68 26,260,639.00
activities
Sub-total of cash outflow from
83,927,527.80 45,215,853.41
business activities
Cash flow generated by business
-29,369,801.32 15,642,499.55
operation, net
II.Cash flow generated by
investing
Cash received from investment
19,302,132.19 22,053,747.37
retrieving
Cash received as investment gains 1,418,603.30 882,000.00
Net cash retrieved from disposal
of fixed assets, intangible assets, 50,105.04
and other long-term assets
Net cash received from disposal
of subsidiaries or other 100,386,000.00
operational units
Other cash receivable for
investment activities
Sub-total of cash inflow due to
121,156,840.53 22,935,747.37
investment activities
Cash paid for construction of
fixed assets, intangible assets and 3,242,418.00 7,702,193.00
other long-term assets
Cash paid as investment 760,000,000.00
Net cash received from
subsidiaries and other operational
units
Other cash paid for investment
activities
Sub-total of cash outflow due to
3,242,418.00 767,702,193.00
investment activities
Net cash flow generated by
117,914,422.53 -744,766,445.63
investment
III.Cash flow generated by
financing
Cash received from absorbing 965,380,350.00
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
investment
Cash received as loans
Cash received from bond placing
Other financing –related ash
received
Sub-total of cash inflow from
965,380,350.00
financing activities
Cash to repay debts
Cash paid as dividend, profit, or
interests
Other cash paid for financing
775,000.00
activities
Sub-total of cash outflow due to
0.00 775,000.00
financing activities
Net cash flow generated by
0.00 964,605,350.00
financing
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
88,544,621.21 235,481,403.92
equivalents
Add: balance of cash and cash
equivalents at the beginning of 365,620,681.34 33,906,151.53
term
VI.Balance of cash and cash
454,165,302.55 269,387,555.45
equivalents at the end of term
Legal representative ：Wang Bin
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
7. Consolidated Statement on Change in Owners’ Equity
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
Amount in this period
In RMB
Amount in this period
Items Owner’s equity Attributable to the Parent Company
Minor Total of
Share Capital Less: Special Surplu Comm Attribu Other sharehol owners’
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Capital reserve Shares ized s on risk table ders’ equity
s in reserve reserve provisi profit equity
stock s on
506,521 1,606,52 59,801, 124,997, 2,297,846,
I.Balance at the end of last year
,849.00 5,169.42 735.10 823.59 577.11
Add: Change of accounting
policy
Correcting of previous errors
Other
I.Balance at the beginning of 506,521 1,606,52 59,801, 124,997, 2,297,846,
current year ,849.00 5,169.42 735.10 823.59 577.11
- - -
III.Changed in the current year 11,309,3 21,644,5 32,953,859
49.00 10.10 .10
- -
（I） Net profit 21,644,5 21,644,510
10.10 .10
- -
（II）Other misc.income 11,309,3 11,309,349
49.00 .00
- - -
Total of (I) and (II) 11,309,3 21,644,5 32,953,859
49.00 10.10 .10
(III) Investment or decreasing
of capital by owners
1. Capital inputted by owners
2．Amount of shares paid and
accounted as owners’ equity
3. Other
（IV）Profit allotment
1.Providing of surplus reserves
2.Providing of common risk
provisions
3．Allotment to the owners (or
shareholders)
4．Other
(V) Internal transferring of
owners’ equity
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
1. Capitalizing of capital
reserves (or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3．Making up losses by
surplus reserves.
4. Other
(VI) Special reserves
1. Provided this year
2．Used this term
（VII）Other
IV. Balance at the end of this 506,521 1,595,21 59,801, 103,353, 2,264,892,
term ,849.00 5,820.42 735.10 313.49 718.01
Amount in last year
In RMB
Amount in last year
Owner’s equity Attributable to the Parent Company
Minor
Items Less: Surplu Comm Total of
Capital Special Attribu sharehol
Share Shares s on risk owners’
reserve ized table Other ders’
Capital in reserve provisi equity
s reserve profit equity
stock s on
336,521 828,913, 36,607, 100,969, 1,303,011,
I.Balance at the end of last year
,849.00 137.67 659.49 308.23 954.39
Add：Retrospective
adjustment caused by merger
of entities under common
control
Add: Change of accounting
policy
Correcting of previous errors
Other
II.Balance at the beginning of 336,521 828,913, 36,607, 100,969, 1,303,011,
current year ,849.00 137.67 659.49 308.23 954.39
\ III.Changed in the current 170,000 777,612, 23,194, 24,028,5 994,834,62
year ,000.00 031.75 075.61 15.36 2.72
47,222,5 47,222,590
（I） Net profit
90.97 .97
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
- -
（II）Other misc.income 14,138,9 14,138,969
69.10 .10
-
47,222,5 33,083,621
Total of (I) and (II) 14,138,9
90.97 .87
69.10
(III) Investment or decreasing 170,000 791,751, 961,751,00
of capital by owners ,000.00 000.85 0.85
170,000 791,751, 961,751,00
1. Capital inputted by owners
,000.00 000.85 0.85
2．Amount of shares paid and
accounted as owners’ equity
3. Other
-
23,194,
（IV）Profit allotment 23,194,0
075.61
75.61
-
23,194,
1.Providing of surplus reserves 23,194,0
075.61
75.61
2.Providing of common risk
provisions
3．Allotment to the owners (or
shareholders)
4．Other
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3．Making up losses by
surplus reserves.
4. Other
(VI) Special reserves
1. Provided this year
2．Used this term
（VII）Other
IV. Balance at the end of this 506,521 1,606,52 59,801, 124,997, 2,297,846,
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
term ,849.00 5,169.42 735.10 823.59 577.11
Legal representative ：Wang Bin
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
8. Statement of change in owner’s Equity of the Parent Company
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
Amount in this period
In RMB
Amount in this period
Items
Less: Specializ Common Total of
Share Capital Surplus Attributa
Shares in ed risk owners’
Capital reserves reserves ble profit
stock reserves provision equity
506,521,84 1,597,942, 59,801,735 301,838,83 2,466,104,
I.Balance at the end of last year
9.00 187.63 .10 9.50 611.23
Add: Change of accounting
policy
Correcting of previous errors
Other
II.Balance at the beginning of 506,521,84 1,597,942, 59,801,735 301,838,83 2,466,104,
current year 9.00 187.63 .10 9.50 611.23
-
31,582,639 20,273,290
III.Changed in the current year 11,309,349
.62 .62
.00
31,582,639 31,582,639
（I） Net profit
.62 .62
- -
（II）Other misc.income 11,309,349 11,309,349
.00 .00
-
31,582,639 20,273,290
Subtotal of (I) and (II) 11,309,349
.62 .62
.00
(III) Investment or decreasing of
capital by owners
1. Capital inputted by owners
2．Amount of shares paid and
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
accounted as owners’ equity
3. Other
（IV）Profit allotment
1.Providing of surplus reserves
2.Providing of common risk
provisions
3．Allotment to the owners (or
shareholders)
4．Other
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital reserves
(or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3．Making up losses by surplus
reserves.
4. Other
(VI) Special reserves
1. Provided this year
2．Used this term
（VII）Other
IV. Balance at the end of this 506,521,84 1,586,632, 59,801,735 333,421,47 2,486,377,
term 9.00 838.63 .10 9.12 901.85
Amount in last year
In RMB
Amount in last year
Items
Less: Specializ Common Total of
Share Capital Surplus Attributa
Shares in ed risk owners’
Capital reserves reserves ble profit
stock reserve provision equity
336,521,84 820,330,15 36,607,659 93,092,159 1,286,551,
I.Balance at the end of last year
9.00 5.88 .49 .05 823.42
Add: Change of accounting
policy
Correcting of previous errors
Other
II.Balance at the beginning of 336,521,84 820,330,15 36,607,659 93,092,159 1,286,551,
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
current year 9.00 5.88 .49 .05 823.42
170,000,00 777,612,03 23,194,075 208,746,68 1,179,552,
III.Changed in the current year
0.00 1.75 .61 0.45 787.81
231,940,75 231,940,75
（I） Net profit
6.06 6.06
- -
（II）Other misc.income 14,138,969 14,138,969
.10 .10
-
231,940,75 217,801,78
Subtotal of (I) and (II) 14,138,969
6.06 6.96
.10
(III) Investment or decreasing of 170,000,00 791,751,00 961,751,00
capital by owners 0.00 0.85 0.85
170,000,00 791,751,00 961,751,00
1. Capital inputted by owners
0.00 0.85 0.85
2．Amount of shares paid and
accounted as owners’ equity
3. Other
-
23,194,075
（IV）Profit allotment 23,194,075
.61
.61
-
23,194,075
1.Providing of surplus reserves 23,194,075
.61
.61
2.Providing of common risk
provisions
3．Allotment to the owners (or
shareholders)
4．Other
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3．Making up losses by surplus
reserves.
4. Other
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
(VI) Special reserves
1. Provided this year
2．Used this term
（VII）Other
IV. Balance at the end of this 506,521,84 1,597,942, 59,801,735 301,838,83 2,466,104,
term 9.00 187.63 .10 9.50 611.23
Legal representative ：Wang Bin
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
III.Basic Information of the Company
1. Enterprise registration address, organization mode and headquarter address.
The company was previously the Shenzhen Textile Industry Company, on April 13, 1994, approved by the
Letter(1994)No.15 issued by Shenzhen Municipal People's Government, the Company was restructured and
named as Shenzhen Municipal Textile (Group) Co., Ltd. In the same year, approved by the (1994) No.19 file of
Shenzhenshi, the shares of the company were listed in Shenzhen Stock Exchange. The Company has got the
corporate business certification of Shensizi No. 440301105031014, Registration address and headquarter address
are 6/F,Shenfang Building, Huaqiang Road. North, Futian District, Shenzhen.
2.Enterprise’s business nature and major business operation.
At present, the Company is mainly engaged in high-tech industry focusing on R&D, production and marketing of
polarizers for liquid crystal display, management of properties in bustling business districts of Shenzhen and
reserved high-class textile and garment business.
3. Names of parent company and group parent company.
The company’s parent company is Shenzhen Investment Holdings Co.,Ltd.
4. The reporting person of the approval of financial statements and the reporting date of the approval of financial
statements.
The reporting person of the approval of financial statements of the company: Board of Directors of the Company
The reporting date of the approval of financial statements of the Company:August 19, 2014
IV.Principal accounting policies, accounting estimates and early errors
1.Basis for the preparation of financial statements
On the basis of continuous operation, in accordance with actual transactions and events, the company carried out
confirmation and measurement in accordance with "Accounting Standards for Business Enterprises - Basic
Standards" issued by the Ministry of Finance and other various accounting standards, on the basis of it, the
Company prepared the financial statements.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
2. Statement on complying with corporate accounting standards
Based on the requirement that the financial reports edited according to above-mentioned editing conditions is
accordance with enterprise accounting standards, the company reflected its financial condition on December 31,
2013 truly and completely and business result in 2013. and cash flow information, etc.
3. Fiscal year
A calendar year, that is, from January 1 to December 31 is a fiscal year.
4. Accounting standard money
Accounting standard money is RMB. Referring to notes to unless separately stated. Currency:RMB
5. Accounting process method of enterprise consolidation under same and different controlling.
（1）Enterprise merger under same control：
For the enterprise merger under same control, the assets and liabilities obtained by the merging party from
enterprise merger was measured according to book value of the merged party on the merger date. The capital
reserve was adjusted according to the deference between the book value of net assets obtained by the merging
party and the book value of merger price paid (or the total book value of shares issued); if capital surplus was not
big for the offset, the retained earnings should be adjusted. Amalgamating parties reckon every direct relate
expenses produced in enterprise consolidation including auditing expense, valuation expense and legal service
expense paid on enterprise consolidation to current profit and loss when those expenses produced. On parent
subsidiary relationship formed via enterprise consolidation , parent company is responsible of editing
amalgamation property balance sheet, amalgamation profit statement and amalgamation cash flow meter of
amalgamation date. In amalgamation property balance sheet, every asset and liability of amalgamated parties is
measured according to its book value. For the accounting policy adopted by the amalgamated parties is not
accordance with amalgamating party, and it is adjusted according to criterions, the book value after adjusted is
measured. The amalgamating profit chart contains income, expenses and profit happened from the beginning of
amalgamation and amalgamating date. The realized net profit before amalgamation from the amalgamated party
shall be reflected on the amalgamating profit chart. Amalgamation cash flow meter contains the cash flow of
every party in amalgation from the beginning of amalgamation and amalgamating date.
（2）Enterprise merger under different control：
For the enterprise merger under same control, the merger cost was the assets for the obtaining the control right of
the party being purchased on the purchase date, the liabilities happened or undertook and the fair value of the
equity securities. For the enterprise merger realized through a number of transactions, the merger cost was the
sum of all individual transaction. All the direct costs and related costs for the enterprise merger were included in
the cost of enterprise merger. The purchase date referred to date that the company had the control right of the
party being purchased. The difference between merger cost over the fair value of identifiable net value obtained
from the merger should be confirmed as goodwill. The difference between the identifiable net assets of the party
being purchased obtained in the merger and the amount of identifiable net assets of the party being purch ased
obtained in the merger should be included in the loss and gain of the current period. On parent subsidiary
relationship formed via enterprise consolidation , parent company is responsible of editing amalgamation property
balance sheet on amalgamation date; the acquired every identified asset, liability acquired from enterprise
consolidation is listed via fair value.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
6. The compiling method of combined financial statement
（1）The compiling method of combined financial statement
（1）Combined financial statements has financial statements and other related material of every subsidiary
company within combined financial statements as combination basis, adjust long-term equity investment of
subsidiary company according to equity method, compensate investment, trade activities of the company and
every subsidiary company within the combined financial statements, calculate few shareholder profit and loss and
few shareholder rights and interests. Then compile the financial statements after those activities.
（2）In compiling, if the accounting policy of any subsidiary company within the combination scope is not
accordance with it of the company, adjust it according to the accounting policy of the company, then combine.
（ 3 ） On the subsidiary company acquired from enterprise consolidation under same controlling, treat
amalgamation produced at the beginning, bring its assets, liabilities, business result and cash flow into financial
statements at the beginning of the amalgamation.
（4）On the enterprise consolidation under same controlling, the net income and loss of the amalgamated
parties is reckoned into nonrecurring profit and loss before amalgamation and separately listed in submitting
financial statement.
（5）Recombination belongs to enterprise non-combination issue under same company controller, when the
combined parties combine the assets amount of last account year end, business income of last accounting year or
total profit of last accounting year, if it reaches or excesses 20% of relative item of the company, compile income
statements at the beginning of the combination period.
（6）For the subsidiary company acquired from enterprise consolidation under non-same controlling, in
compiling combination statements, adjust individual financial statements based on fair value of identified net
assets at the purchasing date.
7. Recognition Standard of Cash & Cash Equivalents
Cash means the cash on hand and deposit for payment at any moment.
Cash equivalent refers to the investment with few value alteration risks that the company holds the cash with
the characters of short term (generally means 3 months from the purchasing date), strong fluidity, easy transferring
to known amount.
8.Foreign Currency Transaction
（1）Foreign currency operations
The foreign currency operation is translated into recording currency according to approximate exchange rate
at sight of business happening date. The approximate exchange rate at sight refers to the exchange rate at the
beginning of the business happening month.
On balance sheet date, dispose foreign currency monetary item and foreign currency non-monetary item
according to the following regulations:
A.Foreign currency monetary item is translated adopting exchange rate at sight of balance sheet date. The
balance of exchange produced from the difference between exchange rate at sight at balance sheet date and initial
confirmation or exchange rate at sight at former balance sheet date shall be reckoned into profit and loss at current
period.
B. Foreign currency non-monetary item measured with historic cost, adopt exchange rate at sight on business
happening date and not to change recording currency (amount).
C. Foreign currency non-monetary item measured by fair value adopts exchange rate at sight of fair value
confirmation date. The difference between recording currency after translating and the original recording currency
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
is disposed as fair value alteration and reckoned into profit and loss at current period.
（2） Conversion for foreign financial statement
The subsidiaries of the company whose standard currency was foreign currency, all asset and liability items
should be converted into the standard money of parent company according to the spot rate on the balance sheet
date, and all the owners’ equity items, accept for "retained profits", should be converted into the standard money
of parent company according to the spot rate on the balance sheet date. The income and cost items in the profit
statement should be converted into the standard money of parent company according to the spot rate during the
period of consolidating financial statements. The conversion differences due to different exchange rate, should be
reflected by opening the "foreign currency conversion difference statements" in RMB. And open the "foreign
currency statements conversion differences" in cash flow statement in RMB.
9. Financial instruments
(1) Classification of financial instruments:
Financial assets can be divided into: the financial assets which measured by fair value and its changes are included
in the current loss and gain (including transactional financial assets and the financial assets which measured by
fair value and its changes are included in the current loss and gain), the expired investments, loans and receivables
held, and financial assets to be sold, the four categories;
(2) Measurement of financial instruments
A. The initial recognition financial assets are accounted in accordance with fair values. For the financial assets
which measured by fair value and its changes are included in the current loss and gain, the relevant transactional
costs should be included in the current loss and gain; for other financial assets, the relevant transactional costs
should be included in the initial recognition amount.
B. The Company makes follow-up measurement on financial assets according to fair value, the transactional cost
to deal with the financial assets which may happen in the future will not be deducted. But, except the following
situations:
(a). The expired investments and loans held, should be measured according to amortized costs by the actual
interest method. Accounts receivable, in accordance with the purchase contract or agreement price receivable
amount as initial confirmation, when recovery or disposal the account receivable, the price difference between the
carrying amount of the receivable included in the current profits and losses
(b) The equity tool investments which do not have quotation in market and their fair value can not be reliably
measured, and the derivative financial assets which are related to the equity tool and are to be delivered to the
equity tool to account, should be measured according to costs.
（3）Recognition basis and measurement for transferred financial assets
The company will transfer almost all risk and earnings into the transferred parties on the ownership of
financial assets or when the controlling on financial assets is given up, it will expire confirming the financial
assets.
（4）Recognition basis of financial assets and financial liabilities
A, The financial assets which exist in the market, the quotation in the market will be determined as fair value;
B, The financial assets which do not exist in the market, adopt valuation techniques to determine the fair value.
The results by the valuation techniques show the transaction prices which may be used in fair transactions on the
valuation day.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
（5）Providing of impairment provision on financial assets (exclude receivable accounts)
On the balance sheet date, carry out inspection on the book value of financial assets which are not included in the
financial assets measured according to fair value and its changes are include in the current loss and gain. If there
are objective evidence showing that the financial assets have impairment, the provision for impairment should be
accounted. The objective evidences which show the impairment of financial assets include the following items:
A. The issuing party or the debtor had serious financial difficulties;
B. The debtor violated the terms in the contract, such as the payment of interest or principal had default or delayed;
C. For the consideration in economy and law, the Company made concessions to the debtor in difficulties;
D. The debtor was likely to collapse or carry out other financial restructuring;
E. The issuing party had major financial difficulties, and the financial assets can not be traded in market;
F. The debtor had major adverse changes in technology, market, economic and legal environment, and the
Company was may not be able to recover the investment costs;
G. The fair values of the equity tool investments had serious and non-temporary decline;
H. Other objective evidences which show the impairment of financial asset
Measurement of impairment losses of financial assets：
A.The financial assets measured according to fair value and its changes are include in the current loss and
gain require no test of impairment;
B.The measurement of impairment loss of expired investments: Account provision for impairment
according to the difference of the value of future cash flow lower than the book value;
Judgment of impairment of available-for-sale financial assets: if there is a significant decline in the fair
value of available-for-sale financial assets, more than 30%of its cost of ownership, expect this downward trend is
temporary (duration more than 12 months), depends on the estimated balance of the book value and the present
value of future cash flows to decide the provision for impairment.
10. Recognition standard and providing basis of bad debt provision on receivable accounts
If the amount of a single item is big, impairment test shall be conducted separately. Impairment loss shall be
recognized and provision for bad debts shall be made according to the difference between its present value of its
future cash flow and its book value. If the amount of single item is not big and conclusive evidences show
apparent difference in respect of recoverability of accounts receivable, test shall be conducted and provision for
bad debts shall be made separately. For the accounts receivable proved to be not impaired after separate test, aging
analysis shall be adopted and impairment loss shall be recognized according to the age of accounts receivable and
specified proportion.
（1）Bad debt provision on receivable accounts with major amount individually
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
The Client Identifies single amount of accounts receivable
that is not less than RMB 1 million as account receivable that
are individually significant in amount. The Client Identifies
Criteria and norm of individual significance
single amount of accounts receivable that is not less than
RMB 0.5 million as account receivable that are individually
significant in amount.
If it is objectively evidential that a receivable of individual
Measurement of impairment allowances for receivables of individual significance has impaired, the impairment loss shall be
significance recognized based on the difference of the book values higher
than the present value of future cash flows.
（2）Accounts receivable belong to recognition of impairment allowances by group：
Method for recognition of
Name impairment allowances by Basis of determination of group
group
The classified according shall be recognized based on the
Account’s age group The age analysis method：
accounts’ age
In Group, the adopting aging analysis method
√Applicable□Not applicable
Age % for accounts receivable % for other receivables
Within 1 year（incl: 1 year） 5.00% 5.00%
1－2 years 10.00% 10.00%
2－3 years 30.00% 30.00%
Over 3 years 50.00% 50.00%
Accounts on percentage basis in group：
□ applicable √not applicable
Accounts on other basis in group：
□ applicable √not applicable
（3）Accounts receivable belong to individual insignificant but individually assessed for impairment：
The reason for individually assessed for
There is evidence that differences in the receivable are apparently .
impairment
Method for recognition of impairment A receivable which is individually insignificant but the credit risk is high, should be
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
allowances individual it assessed for impairment, the impairment loss shall be recognized based
on the difference of the book values higher than the present value of future cash
flows.
11.Inventory
（1）Inventory classification
Inventory can be divided into five categories: raw materials, materials commissioned to process, products,
finished products, working materials;
（2）Pricing method of stock delivered
Stock delivered is measured according to weighted average method.
（3）Confirmation basis of stock net realizable value and withdrawal method of inventory falling price reserves.
Inventory net realizable value is the integrant value that estimated sales price deducting estimated work
completing cost and integrant estimated cost according to the normal business process.
Withdrawal method of inventory falling price reserves: with the basis that the company making complete
inventory taking at the end of medium term and end of year, on the inventory that suffered loss, entire or partial
old and outdated or sale price lower than sales price, according to inventory cost and net realizable value (lower is
preferred), the company measure it and reckoned it according to the difference of net realizable value of single
inventory item upon similar inventory items lower than inventory cost as withdrawal inventory falling price
reserves to profit and loss at current period. In confirming net realizable value, the infection upon future item shall
be considered beside the price and cost fluctuation of the inventory at balance sheet date.
（4）Inventory system
Inventory system adopts the perpetual inventory method.
（5）Amortization method of consumption goods with low value and wrap page
Consumption goods with low value: Consumption goods with low value adopt one time amortization method
when used. Packing:
Wrap page: Wrap page adopts one time amortization when used.
12．Long-term equity investment
（1）Investment cost confirmation
A. The long-term equity investment formed via enterprise consolidation confirm its initial investment cost
according to the following criterions:
a. On enterprise consolidation under same controlling, amalgamating parties, managing payment cash,
transferring non-cash assets or undertaking liability style as amalgamation consideration, treat the acquired equity
book value share from amalgamated parties on amalgamation date as the initial investment cost of long-term
equity investment. The difference between long-term equity investment initial investment cost and the paid cash
transferred non-cash assets and undertook liability book value is adjusted to be capital reserves; if capital reserves
are not sufficient to be deducted, which shall be adjusted to be retained earnings.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
When the amalgamating parties via issuing equity securities as amalgamation consideration, treat the
acquired equity book value share from amalgamated parties on amalgamation date as the initial investment cost of
long-term equity investment. Treat the book value amount of the issued shares as capital stock, the difference
between the initial investment cost of long-term equity investment and book value amount of stock issued as
capital stock is adjusted to be capital reserves; if capital reserves is not sufficient to be deducted, which shall be
adjusted to be retained earnings.
b. On enterprise consolidation under different controlling, the confirmed amalgamation cost according to
the following criterions is as initial investment cost of long-term equity investment:
1/ On enterprise consolidation realized from one time exchanging deal, the amalgamation cost is the paid
assets, reliabilities happened or undertook, and the fair value of issued equity securities from purchasing parties on
purchasing date for the purpose of acquiring the controlling right upon the purchased parties.
2/ On the enterprise amalgation realized step by step by several times exchanging deal, the amalgamation
cost is the summation of every deal cost.
3/ Every direct associated expense produced from purchasing parties for enterprise consolidation is
reckoned to enterprise consolidation cost.
4/ If the future issues that possibly affect amalgamation cost in amalgamation contract or agreement is
promised, on purchasing date, if the future issues that possibly happen and affect amalgamation cost can be
reliably measured, purchasing parties shall reckon it to be amalgamation cost.
B、Except the long-term equity investment formed via enterprise consolidation , the long-term equity
investment acquired through other methods is confirmed to be its initial investment cost according to the
following regulations:
a. The long-term equity investment acquired via cash payment is treated as initial investment cost according
actually paid purchase price. The initial investment cost contains the expense, tax and other necessary payout that
directly associated to long-term equity investment.
B．The acquired long-term equity investment via issuing equity securities is as initial investment cost
according to the fair value of equity securities.
c. The long-term equity investment input by investor is as initial investment cost according to the value
stipulated in investment contract or agreement, while the unfair value stipulated in contract or agreement is
excluded.
d.The long-term equity investment acquired via non-monetary assets exchange, e. g. if non-monetary assets
exchange has commercial nature, then the long-term equity investment took in exchange is as initial investment
cost according to fair value and payable relative taxation; if non-monetary assets exchange has no commercial
nature, then the long-term equity investment in took in exchange has the book value of out took asset in exchange
and payable relative taxation as initial investment cost.
e. On the acquired long-term equity investment via liability recombination, its initial investment cost is
confirmed by fair value and payable relative taxation.
（2）Rear measuring and profit and loss confirmation method
A. According to infection degree of investing enterprise against the invested unit , enlivening market or not,
fair value reliably received or not, separately adopts cost method or equity method to measure.
B. The confirmation of investment profit and loss
Long-term equity investment reckoned via equity method, shall be adjusted in considering the infection of the
following factors under the basis of book net profit of invested unit in confirming the net profit or net deficit
enjoyed or undertook by invested unit.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
a. If the accounting policy adopted by invested unit is not accordance with investing unit, adjust according to
accounting policy of investing enterprise and financial reports of invested unit to confirm the profit and loss of
invested unit under the basis.
b. With the fair value of fixed assets, intangible assets of invested unit as basis, the withdrawn depreciation
amount or amortization amount and assets depreciation reserves produced infection upon the invested unit net
profit.
c. The unrealized profit and loss produced from the investing unit and its affiliated enterprise and joint enterprise
shall be compensated. Namely the unrealized profit and loss between investing enterprise and affiliated enterprise
and joint enterprise is calculated and attributes to investing enterprise according to No.8 share ratio, which will be
compensated and investment benefit and loss shall be confirmed under the basis. The trade loss between investing
enterprise and invested unit, attributing to assets depreciation loss, is completely confirmed.
（3） Confirm the basis that has common control and major infection upon invested unit.
A. Common controlling basis:
a. Any join enterprise can not individually control production and operating activities of joint enterprise;
b. The decision making related to basic business operations of joint enterprise shall be agreed by both parties;
c. Every joint-venture enterprises nominate one joint enterprise according to contract or protocol to manage
daily activities of joint-venture enterprise; it must implement management right within the wholly agreed financial
and business policy scope.
B. Major infection basis:
a. Appoint represent in the board of invested unit or similar capability mechanism, enjoy relative actual
participation decision making right, investing enterprise can participate in the constitution of business policy of
the invested unit and realize implementing major infection upon the invested unit.
b. Participate in the policy making of the invested unit including the making of dividend allotment policy.
Under the circumstance, the represent can bring forward suggestion or idea for its own interest and bring large
infection upon the invested unit.
c. Realize important trade with the invested unit. Relative trade affects production operations decision-
making of invested unit at certain degree.
d. Appoint administrative person to the invested unit. Under the condition, appoint administrative person to
the invested unit, the person has right and is responsible for the financial and business activities of the invested
unit, so as to implement import infection on the invested unit.
e. Offer key technical documents to the invested unit. Production operations of the invested unit relies upon
the technique or technical document of the investing enterprise, which indicate investing enterprise has major
infection upon the invested unit.
To confirm investing unit has major infection upon the invested unit, one side, consider the voting power share
that investing unit directly or indirectly hold from the invested unit, one other side, consider the infection
produced by enterprise and other parties holding executable potential voting power presumably transferring into
stock right of invested unit, such as the issued current transferable subscription warrant, stock option and
transferable corporate bond, etc. If these transferred into stock right of invested unit, which can increase the voting
power rate of investing enterprise or decrease the voting power rate of other investors in invested unit, so as to
make investing enterprise joining in the financial and business policy-making of the invested unit, and consider
investing enterprise have large infection upon the invested unit.
（4）Depreciation testing method and depreciation reserve withdrawal method.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
On balance sheet date, inspect long-term equity investment, judge long term equity investment has the
depreciation evidence or not. If the depreciation evidence of the operation state of invested unit appears, estimate
its recoverable fund. The measured value of recoverable fund indicates the recoverable fund of long term equity
investment is lower than its book value; deduct the book value of long term equity investment into recoverable
fund. The deducted fund is confirmed to be the loss of assets depreciation and reckoned into benefit and loss at
current period, meanwhile withdrawal relative long term investment depreciation deserve. Once the long term
investment depreciation loss is confirmed, which will not be transferred in the later accounting period.
13. Investment property
(1). Scope of investment real estate: refers to the real estate for rent or for capital appreciation or for both of them,
including the rented land use rights, the land use rights held and to transferred, and the leased building;
(2). Initial measurement of investment real estate: conduct initial measurement in accordance with the cost to
obtain it;
(3)Follow-up measurement of investment real estate: the Company conducts follow-up measurement on the
investment real estate by cost model; the follow-up expenditure relating to investment real estate, if the related
profit is likely to flow into the company and can be measured, then it should be included in the cost of the
investment real estate, other follow-up expenditures should be recognized as the current loss and gain;
(4) The classification, depreciation and amortization policies of real estate investments and the depreciation and
amortization policies of fixed assets and intangible assets should be coherent.
Provision for impairment of investment real estate should be treated according for asset impairment.
14．Fixed assets
（1）Confirmation conditions of fixed assets
The tangible assets held for producing goods, providing services, rent or operation, and the service time is longer
than one fiscal year.
（2）Cognizance evidence and pricing method of financial leasing fixed assets
If all risk and reward associated to certain hired fixed asset actually have transferred, the company confirms it to
be financial leasing. Financial leased fixed assets should take the lower one of fair value of leased assets at leasing
date and lowest leasing payment, added with the initial direct expenses directly belonging to leasing item, will be
book value of leased assets. Taking the lowest leasing amount as the book value of long term account payable, its
difference will be unconfirmed financial charges. The unconfirmed financial charges will adopt actual interest rate
method to allocate within leasing period. The leased fixed assets ensure depreciation
（3）Fixed assets depreciation method
Depreciable life
Classification of fixed asset Residual rate（%） Depreciation rate（%）
（Year）
House and Building 35-40 years 4.00% 2.74%-2.4%
Machinery and equipment 10-14 years 4.00% 9.60%-6.86%
Electronic Equipment 8 years 4.00% 12.00%
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Transportation equipment 8 years 4.00% 12.00%
Decoration of Fixed assets 10 years 10.00%
Other Equipment 8 years 4.00% 12.00%
（4）Depreciation measuring method and depreciation reserves withdrawn method of fixed assets
Judge fixed assets appearing the depreciation evidence or not at balance sheet date. If assets market value
continuously decreases, or technology is old, damaged or long-term left un-used, draw back amount. The
measured result of recoverable amount indicates the recoverable amount of fixed assets is lower than its book
value; deduct the book value of fixed assets into recoverable amount. The deducted amount is confirmed to be
assets depreciation loss and is reckoned into benefit and loss at current period; meanwhile withdraw relative fixed
assets depreciation reserve. Once fixed assets depreciation loss is confirmed, which will not be transferred at the
later accounting period.
15. Projects under construction
（1）Categories of projects under construction
The projects under construction include pre-construction preparations, the building projects under
construction, installation projects, technical transformation projects and overhaul works, etc.
（2）Standard and timing for transferring of projects under construction to fixed assets
The projects under construction should be accounted according to actual expenditures by items, and should be
converted to fixed assets when the projects reached the predicted use state. The costs for borrowing relating to
projects under construction (including loan interests, excess discount amortization, exchange gains and losses,
etc.), which should be included in the cost before the related projects reach the predicted use state, and included in
the current financial cost after the related projects reach the predicted use state;
(3)Impairment text and providing of impairment provisions on projects under construction
Make complete inspection on construction in progress on the date of balance sheet, judge fixed assets occurring
possible depreciation evidence or not. If yes: (1) project in progress without construction for long time is
estimated not to start working again in future 3 years, (2) project in progress has evidence that its character and
technology have fallen behind and the economic benefit brought has great uncertainty and other depreciation
evidence, which shall be estimated its recoverable amount. The result of recoverable amount shows the
recoverable amount of project in progress is loss than its book value, write-down its book value of project in
progress into recoverable amount. The written down amount is confirmed to be assets depreciation loss and is
reckoned into current period profit and loss, meanwhile withdraw relative depreciation reserve of project in
progress. Once depreciation loss of project in progress is confirmed, which will not be transferred.
16.Borrowing cost
（1）Principle of the recognition of capitalized borrowing costs
The borrowing expenses, if they comply with the capitalization conditions, should be capitalized and included in
the cost of relevant assets; other borrowing expenses, should be determined according to the amount occurred and
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
be included in the current loss and gain.
（2）Capitalizing period of borrowing expenses
If the borrowing expenses meet the following conditions at the same time, they should be capitalized:
A. Capital expenditures have already occurred, capital expenditures include the expenditures paid by cash,
transferring non-cash assets or by bearing interest-debt;
B. The borrowing costs have occurred;
C. The construction to make the asset to reach the intended use state or sale state, or the production activities have
already begun.
（3）Temporarily suspension of capitalizing period
When the assets which meet the capitalization condition reach the intended use or sale state, the capitalization of
the borrowing expenses should be stopped. The borrowing expenses for the assets which meet the capitalization
conditions and reach the intended use or sale state, the expenses should be confirmed according to the amount
occurred, and be included in the current loss and gain.
17. Biological assets
（1）Simultaneously, biological assets that meets the following conditions will be confirmed:
A. For the past trade or issues, the company possesses or controls biological assets;
B. The economic interest associated with the biological assets may flow into the company;
C. The biological assets cost can be reliably measured.
（2）Biological assets is divided into consumable biological assets, manufacturing biological assets and public
welfare biological assets.
（3）Biological assets is initially measured according to cost.
（4）On the date of balance sheet, check consumable biological assets, if there are specific evidences showing
the reasons like natural disasters, plant diseases and insect pests, animal epidemic situation attack or market
requirements, make the net realizable value of consumable biological assets or recoverable amount of
manufacturing biological assets are lower than their book value, according to the difference between net realizable
value or recoverable amount and their book value, withdraw biological assets depreciation preparation or value
decreasing preparation and reckon it to current profit and loss. If the contributing factor of consumable biological
assets value decreasing has already disappeared, the deducted amount will be resumed and is transferred within
the original withdrawn price decreasing standard and transferred amount is reckoned into current profit and loss.
18. .Intangible assets
（1）Pricing of intangible assets
(1)Intangible assets refer to recognizable non-monetary assets without physical form that are owned or controlled
by an enterprise, including proprietary technology, land use right, etc.
(2)Intangible assets shall be accounted for at historical cost at the time of acquisition.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
（3）For the intangible assets with definite service life, since the availability of the intangible assets, they should
be amortized by straight-line method within the service life, and included in the current loss and gain.The
intangible assets with no definite service life will not be amortized; the company should conduct review on the
service life and amortization methods of the intangible assets at the end of the year, if the service life and
amortization methods are inconsistent with what estimated previously, then the amortization period and
amortization methods should be changed.
（2）Provision for impairment of investment assets
Inspect the ability of every intangible assets bring to future economic benefit to the company, when any one
of the following exists: (1) certain intangible assets has been replaced by other new technology, which make its
ability bringing benefit to enterprise seriously affected; (2) the market price of certain intangible assets greatly fall
at the current period and will not resume within the left amortization period; (3) certain intangible assets has
overpasses legal protection period, but it still has the depreciation evidence with partial usage value, then valuate
its recoverable amount. The measuring result of recoverable amount shows if the recoverable amount is less than
its book value, then write-down its book value into its recoverable amount, the written down amount is confirmed
to be assets depreciation loss and reckoned into to current profit and loss, meanwhile withdraw corresponding
intangible assets depreciation reserve; (4) For other conditions that fully prove certain intangible assets
substantially produced depreciation reserve, withdraw intangible assets depreciation reserve according to the
difference between recoverable amount and book value. Once intangible assets depreciation loss is confirmed,
which will not be written back in the later accounting period.
19.Long-term amortization expenses
（1）Long-term prepaid expenses refer to that enterprises have already spent, and amortization periods of all
expenses are more than one year (excluding 1 year), they should be amortized in the regulated years.
（2）Long-term deferred expense is valuated according to actual cost, the installation cost should be equally
amortized during two major overhauls or the contract period (depends on which is shorter), other long-term
deferred expenses should be equally amortized according to the benefit period of the project. For the long-term
deferred expenses which can not bring predicted profit in the future accounting period, all the unamortized value
should be converted to the current loss and gain.
20.Predicted liabilities
（1）Recognition of Predicted liabilities
The liabilities which are relevant to contingent events and meet the following conditions at the same time, the
Company recognizes it as predicted liabilities: the liability is the current obligation the company undertakes; the
performance of the liability may result in the outflow of economic interests; the amount of the liability can be
reliably measured;
（2）Accounting of Predicted liabilities
If the predicted liability to be fully or partly paid by the company and be compensated by the third party, the
compensation amount can be recognized as assets individually only when it can be basically recovered, at the
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
same time, the compensation on the asset should not be more than the corresponding book amount of the
predicted liability.
21. Revenues
（1）Recognition time for sales of goods
Revenue is recognized when Purchase has transferred to the buyer the significant risks and rewards of
ownershipof the goods, retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the goods sold, will receive the economic benefits associated with the
transaction, and can reliably measure the relevant amount of revenue and costs.
(2)Incomes from transferring asset use right
Incomes from transferring asset use right include interest income and income from use payment;
The amount of interest income, is determined in accordance with the time and actual interest rate; the income
from use payment is determined according to the time and method of relevant contract and agreement.
（3）Provide labor income
In the same fiscal year and the service has been completed, the income should be confirmed upon the completion
of the service; If the starting and completion of the service belong to different fiscal year, then when the service
can be reliably measured, the service income should be confirmed at the period end according to the percentage of
the service not completed.
22. Governmental subsidy
（1）Categories
It contains financial appropriations, financial discount, taxation return and transfer non-monitory assets free of
charge. Among the earmarks such as investment subsidies by government, which was processed as capital reserve
according to the provisions of the relevant national documents belong to the nature of capital investment rather
than government subsidies.
（2）Accounting Policy
Government grants can meet the requirements of government grants and be confirmed when received. If
government subsidy is monetary asset, the amount should base on received or receivable amount. Government
grants for non-monetary assets should be measured at fair value. The government grants long-term assets received
by the company through construction or any other ways belong to government grants related to assets. The
government grants received except for the assets related government grants was government grants related to
income. The assets related government grant was recognized as deferred income, and would be equally distributed
in the life of the related asset, recognized in profit or loss in current period. The government grants related to
income, if used to compensate the expense or losses of the company after the period, it would be recognized as
deferred income and recognized in profit or loss in that period; if used to compensate the expenses or losses
incurred of the company, recognized in profit or loss in current period.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
23. Deferred income tax assets/Deferred income tax liability
（1）Confirmation of deferred income tax assets
A.Limited by the company possibly acquired taxability amount for deducting temporary difference, confirm
the deductible difference deferred income tax assets produced from temporary difference. But the deferred income
tax assets produced from the initial confirmation of assets or liability in trade with the following characters are not
confirmed:
a. The trade is not enterprise consolidation ;
b. When trade happens, which will neither affect accounting benefit nor affect taxability amount of income
(or deduct loss).
B. The company, on the deductible temporary difference associated to investment of subsidiary company,
affiliated company and partnership business simultaneously meet the following conditions, confirms relative
deferred income tax assets:
a. Temporary difference most likely is transferred in the foresight future.
b. Taxability amount of income that most likely used to deduct temporary difference in future.
C. The company confirms relative deferred income tax assets for transferable later annual deductible loss and
taxation decreasing with future taxability amount of income for deducting deductible loss and taxation decreasing
as limitation.
(2) The confirmation of deferred income tax liability
Besides the deferred income tax liability produced under the following conditions, the company confirms all
deferred income tax liability produced by all taxability temporary difference:
A. The initial confirmation of business Goodwill;
B. Simultaneously meeting the initial confirmation of assets or liability produced in trade with the characters
of following characters:
a. The trade is not enterprise consolidation;
b. Trade occurrence affects neither accounting benefit nor taxability amount of income (or the deductible
loss).
C. When the company has relative taxability temporary difference with its subsidiary company, affiliated
company and partnership business, and simultaneously meets the following conditions:
a. Investment enterprise can control the transferring time of temporary difference;
b. Temporary difference may possibly not transfer in the foreseeable future.
rage raw material and raw material purchasing order appointed to be headged object that make company
facing fair value alteration risk.
24.Hedging instruments
(1) The hedged item of the company refers to storage raw material and raw material purchasing order
appointed to be headed object that make company facing fair value alteration risk.
(2) Hedging instruments of the company refers to the transferring instrument that is appointed and its fair
value alteration can eliminate the fair value alteration of hedged items-----forward contract.
(3) If fair value hedging simultaneously meet the following conditions, the company only can use hedging
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
accounting method to dispose:
A. When hedging begins, the company has official appointment on hedging relation (namely the relation
between hedging instrument and hedging items), and prepares the official written file about hedging period risk,
risk management target and hedging policy.
B. The estimated highness of the hedging period is effective, and meets the risk management policy
confirmed originally by the company for the hedging relation.
C. Hedging effectiveness can be reliably measured.
D. The company continuously makes evaluation on the effectiveness of hedging period and confirms that the
hedging period is highly effective during the accounting period appointed in hedging relations.
（4）For fair value hedging that meeting above-mentioned conditions, implement accounting disposal
according to the following regulations:
A. The benefit or loss produced from alteration of fair value hedging is reckoned into benefit and loss at
current period.
B. The benefit or loss formed via risk in hedged period on hedged item is reckoned into benefit and loss at
current period; meanwhile adjust the book value of the hedged item.
C. Any one of the following conditions is satisfied in hedged period, the company will expire using faire
value hedging account:
a. Hedging instruments have expired, been sold, contract expire or come into practice.
b. The hedging will not satisfy the conditions that using hedging
c. Enterprise cancels the appointment of hedging relation.
25.Change of main accounting policies and estimations
Is there any change in accounting policies in the report period
□ Yes √ No
Not applicable
（1）Change of accounting policies
Is there any change in accounting policies in the report period
□ Yes √ No
（2）Change of accounting estimations
Is there any change in accounting estimations in the report period
□ Yes √ No
26. Correction of accounting errors in previous period
Is there any accounting errors in previous period done in the report term
□ Yes √ No
Not applicable
（1）Retrospective restatement
Is there any retrospective restatement on the accounting error with previous periods done in the report term
□ Yes √ No
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
（2）Future adoption method
Is there any future adoption method apply able to accounting errors with previous period, found in the report
period.
□ Yes √ No
V.Taxes of the Company
1. Main taxes categories and tax rate
Taxes Tax references Applicable tax rates
VAT Incomes from product sales 17.00%
Providing labor services, real estate
Business tax. 5.00%
sales, the transfer of intangible assets
City construction tax VAT, sales tax, turnover tax, etc 7.00%
Business income tax Taxable income 25.00%、15.00%
2. Tax preference and approval file
(1)Shenzhen Shengbo Optoelectronic Technology Co., Ltd., the subsidiary company of our company, has been
qualified as national high-tech enterprise since 2013 ,High-tech and enterprise certificate No.:
GF201344200044 ,The certificate is valid for three years, The enterprise income tax rate of this year is 15%.
(2).In accordance with relevant provisions of the Notice of Ministry of Finance, General Administration of Custo
ms and State Taxation Administration Regarding Tax Preference Policies for Further Supporting the Development
of New-
type Display Device Industry (Cai Guan Shui (2012) No. 16), and the Notice of Printing and Issuing the Scope of
Imported Materials of Enterprises Manufacturing Colorful Light Filtering Coating and Polarizer Sheets and the Li
st of the First Group of Enterprises Enjoying Preferential Policies (Cai Guan Shui (2012) No. 53), Shenzhen Shen
gbo Optoelectronic Technology Co., Ltd. manufactured key materials and parts for the upstream industry of new-
type display devices including colorful light filter coating and polarizer sheet that comply with the planning for in
dependent development of domestic industries may enjoy the preferential policies of exemption from import tariff
for the import of raw materials and consumables for the purpose of self use and production that can not be produc
ed domestically from June 1, 2012 and December 31, 2015. For the concrete regulations on tax exemption, the Pro
visional Regulations on Taxation Policies for Imported Materials of Enterprises Manufacturing New-
type Display Device Panels (Cai Guan Shui (2012) No. 16).
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
IV. Enterprise consolidation and combined financial statements
1. Subsidiary
（1）Subsidiary obtained through establishment or investment
In RMB
After wrote
down current
period loss of
minority
shareholders
Amount
over equity
Actual Other projects used to write
Full Whether beginning
Registra capital balance essentially Holding Interest of down lost
name of Subsidia Busines Registered Proportion of consolidation share of
tion Business scope amounts from net proportion minority included in
subsidia ry type s capital voting rights(%) of minority
place of the investment to (%) shareholder minority
ry report form shareholders in
end subsidiary shareholder
the subsidiary
interest
from the parent
company’s
share ,Balance
of Owner's
equity
Wholly-
owned Shenzhe Domesti
Shenzhe
subsidia n c Domestic
n Lisi
ry commer commerce, 2,360,000
Industri 2,360,000.00 100.00% 100.00% Yes
ce, materials supply .00
al Co.,
material and sales
Ltd
s supply
and
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
sales
Shenzhe Wholly- Shenzhe
n owned n Accommodation
Huaqian subsidia , restaurants,
g Hotel ry business center;
Accom
ticket
modatio
consignment;
n,
10,005,300.0 Property 10,005,30
restaura 100.00% 100.00% Yes
0 Management 0.00
nts,
(required to
business
obtain the
center
relevant
qualification
certificate for
their operations)
Shenzhe Wholly- Shenzhe
n owned n
Shenfan subsidia
g ry Property The Company
1,600,000
Property manage 1,600,000.00 property 100.00% 100.00% Yes
.00
Manage ment management
ment
Co.,
Ltd.
Shenzhe Wholly- Shenzhe Producti Production of
n owned n on of 25,000,000.0 fully electronic 25,000,00
100.00% 100.00% Yes
Beauty subsidia fully 0 jacquard 0.00
Century ry electron knitting whole
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Garmen ic shape (without
t Co., jacquard restrictions on
Ltd. knitting the project);
whole clothing, textiles
shape and related
accessories for
buying and
selling
(excluding
franchise,
special control,
proprietary
products);
operating
import and
export business
(by "Import and
Export
Enterprise
Qualification
Certificate"
deep free trade
Certificate Zi
No. 2002-339
tube business);
industrial
projects (the
specific items to
be declared
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
separately).
Shenzhe Wholly- Shenzhe Operating
n owned n import and
Operati
Shenfan subsidia export business
ng
g Import ry (the specific
import 5,000,000
& 5,000,000.00 approval by the 100.00% 100.00% Yes
and .00
Export relevant import
export
Co., and export
business
Ltd. business
handled)
Wholly-
Shengtou owned
Hongko Polaroid HKD10,000.
(HK) Co., Sub- 100.00% 100.00% Yes
ng Sales 00
Ltd. subsidia
ry
（2）The company has no subsidiary company acquired via enterprise consolidation under same controlling.
In RMB
After wrote down
Other
current period loss
projects
of minority
Actual balance
Full name Amount used to write shareholders over
capital essentiall Holding
of Subsidiar Registrati Business Registrati Scope of Whether consolidation of Interest of minority down lost included in equity beginning
proportion
amounts y from Proportion of voting rights(%)
subsidiary y tyle on Place character on capital business report form shareholder minority shareholder share of minority
(%)
of the net
company interest shareholders in the
end investmen
subsidiary from the
t to
parent company’s
subsidiary
share ,Balance of
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Owner's equity
Notes: N/A
（3）The company has no subsidiary company acquired via enterprise consolidation under same controlling.
In RMB
After wrote down current period
Other projects Amount used to
Full name loss of minority shareholders over
Actual capital balance Holding Whether Interest of write down lost
of Subsidiar Registrati Business Registrati Proportion of equity beginning share of minority
Scope of business amounts of the essentially from proportion consolidation of minority included in
subsidiary y tyle on Place character on capital voting rights(%) shareholders in the subsidiary
end net investment to (%) report form shareholder minority
company from the parent company’s
subsidiary shareholder interest
share ,Balance of Owner's equity
Wholesale,
manufacturing
and process
Shenzhen various
Shengbo specifications
Productio
Optoelect Limited RMB materials and
Shenzhe n and
ronic Liability 300 apparatus of 300,000,000.00 100.00% 100.00% Yes
n sales of
Technolo Company million polarizer,
polarizer
gy Co., LCD; import
Ltd and export
business
(except
projects
81
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
inhibited by
law,
administrative
regulation,
State
Department),
the limited
projects shall
be managed
with the
permission
82
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
2. Explanation to changes in scope of consolidation
Notes
N/A
□ Applicable √ not applicable
VII. Notes to the major items of consolidated financial statement
（I）Monetary Capital
In RMB
Year-end balance Year-beginning balance
Items Exchange Exchange
Foreign currency RMB Foreign currency RMB
rate rate
Cash: -- -- 74,347.00 -- -- 85,537.12
RMB -- -- 35,260.33 -- -- 46,811.51
HKD 450.64 0.79375 360.69 450.64 0.78623 354.31
USD 6,284.10 6.1528 38,664.81 6,284.10 6.0969 38,313.53
JPY 1,000.00 0.06117 61.17 1,000.00 0.05777 57.77
Bank deposit： -- -- 1,055,109,536.86 -- -- 946,765,779.60
RMB -- -- 1,040,738,253.33 -- -- 898,251,353.68
HKD 2,688,997.24 0.79375 2,140,613.87 5,685,060.56 0.78623 4,469,716.78
USD 1,966,788.22 6.1528 12,200,970.72 7,219,904.74 6.0969 44,019,037.21
JPY 485,499.00 0.06117 29,698.94 444,374.00 0.05777 25,671.93
Other Capital -- -- 426,256.05 -- -- 2,465,896.35
RMB -- -- 117,995.33 -- -- 72,450.03
USD 49,691.42 6.1528 308,260.72 392,567.75 6.0969 2,393,446.32
Total -- -- 1,055,610,139.91 -- -- 949,317,213.07
Notes of Monetary fund has not these conditions such as usage limitation for mortgage, pledge or frozen fund,
stored overseas, with potential recovery risk.
(1)As of June 30, 2014，monetary funds deposited abroad is HKD 378,722.4, equivalent to RMB303,129.41 ;
USD 759,486.5, equivalent to RMB4,711,474.5 , in total of RMB5,014,603.91.
（2）As of June 30, 2014，The fixed-term deposit balance of money fund is RMB 3,481,400.03, this part will
not be treated as closing cash or closing cash equivalent in preparing cash flow statement.
(3）As of June 30,2014, Other monetary capitals as credit guarantee funds.
83
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
2. Bill receivable
（1）Classification Bill receivable
In RMB
Classification Year-end balance Year-beginning balance
31,290,852.77 19,031,515.21
Bank acceptance
31,290,852.77 19,031,515.21
Total
（2）Bill receivable under pledge
In RMB
Issuer Date of issue Expired on Amount Remark
N/A
（3）Bill transferred to account receivable for the issuer is not able to execute the liability , and notes endorsed to
other parties but are not mature yet at the end of period.
In RMB
Issuer Date of issue Expired on Amount Remark
N/A
Bill transferred to account receivable for the issuer is not able to execute the liability
In RMB
Issuer Date of issue Expired on Amount Remark
Shenzhen Sunlight
Display Technology Co., March 12, 2014 September 12, 2014 1,200,000.00
Ltd.
Jurong Juncheng
February 25, 2014 August 25, 2014 889,655.88
Electroc Co., Ltd.
Guangdong Shantou
Ultrasonic Electric Co., April 17, 2014 September 17, 2014 654,023.99
Ltd.
Chenzhou Jingxun
March 13, 2014 September 12, 2014 500,000.00
Optoelectronic Co., Ltd.
Xingyuan Electronic
Technology (Shenzhen) April 11, 2014 October 11, 2014 500,000.00
Co., Ltd.
Total -- -- 3,743,679.87 --
84
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
3. Interest receivable
（1）Interest receivable
In RMB
Items Amount at year Increase at this period Decrease at this period Amount at period end
beginning
Fixed deposit interest 5,520,035.21 8,860,884.96 7,135,344.13 7,245,576.04
Structure deposit interest 706,164.38 1,028,904.10 756,164.38 978,904.10
Total 6,226,199.59 9,889,789.06 7,891,508.51 8,224,480.14
4. Account receivable
1.Classification accojunt receivables.
In RMB
Amount in year-end Amount in year- begin
Book Balance Bad debt provision Book Balance Bad debt provision
Classification
Amount Proportion( Amount Proportion( Amount Proportion( Amount Proportion(%
%) %) %) )
Receivables with major
individual amount and bad
debt provision provided
individually receivables 8,213,158.4 4,955,849.9 5,392,574
4.60% 60.34% 3.50% 3,600,130.73 66.76%
with major individual 4 1 .09
amount and bad debt
provision provided
individually
Receivables provided bad debt provision in groups
166,402,75 8,550,609.5 142,903,5
93.20% 5.14% 92.77% 7,427,824.51 5.20%
Age of group 6.02 0 66.29
166,402,75 8,550,609.5 142,903,5
93.20% 5.14% 92.77% 7,427,824.51 5.20%
Subtotal of group 6.02 0 66.29
Account receivable with
minor individual amount 3,919,508.8 3,561,605.6 5,742,723
2.20% 90.87% 3.73% 4,588,703.33 79.90%
but bad debt provision is 6 0 .20
provided
178,535,42 17,068,065. 154,038,8 15,616,658.5
Total -- -- -- --
3.32 01 63.58 7
Category explanation of accounts receivable:
85
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Receivables with significant individual amount and provision made for individual item refers to customer
accounts receivable with single amount more than 1 million, its provision for impairment will be made based on
specific identification method. For receivables without significant individual amount, after deducting those parts
which had conducted individual impairment test for its obvious difference in collectability with concrete evidence,
making group by aging with character of credit risks and making provision for impairment based on aging
analysis method. The receivables made provision for impairment without significant individual amount refers to
those receivables which has obvious difference in collectability with concrete evidence, its provision will be made
based on specific identification method.
Receivable accounts with large amount individually and bad debt provisions were provided
√ Applicable □ not applicable
In RMB
Description Book balance Bad debt provision Rate(%) Reason to provide
The existence of
Receivable accounts with large amount
8,213,158.44 4,955,849.91 60.34% the risk of bad
individually
debts
Total 8,213,158.44 4,955,849.91 -- --
Account reveivable on which bad debt proisions are provided on age basis in the group
√ Applicable □ not applicable
In RMB
Balance in year-end Balance in year-begin
Balance of book Balance of book
Age Bad debt
Bad debt
Propertion( provision Propertion(
Amount Amount provision
%) Amount %)
Within 1 year
Including： -- -- -- -- -- --
Subtotal of within
165,684,794.83 99.57% 8,277,360.40 141,337,368.98 98.90% 7,066,868.45
1 year
1-2 years 214,328.75 0.13% 21,432.88 1,040,200.49 0.73% 104,020.05
2-3 years 30,312.02 0.02% 9,093.61
Over 3 years 503,632.44 0.30% 251,816.22 495,684.80 0.35% 247,842.40
3-4 years 420,903.80 0.30% 210,451.90
4-5 years 503,632.44 0.30% 251,816.22 74,781.00 0.05% 37,390.50
Total 166,402,756.02 -- 8,550,609.50 142,903,566.29 -- 7,427,824.51
Receivable accounts on which had debt provisions are provided on percentage analyze basis in a portfolio
□Applicable √Not applicable
Receivable accounts on which had debt provisions are provided by other ways in the portfolio
□Applicable √Not applicable
86
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Receivable accounts with minor amount but on which had debt provisions are provided individually at end of
period
√Applicable □Not applicable
In RMB
Description Of other
Book balance Amount of bad debt Rate reason
receivables
Receivable accounts with
The existence of the risk
no large amount 3,919,508.86 3,561,605.60 90.87%
of bad debts
individually
Total 3,919,508.86 3,561,605.60 -- --
（2）Receivable accounts written back or retrieved in the report period
In RMB
Bad debt provision
Reason to write back Basis of original bad Amount written back or
Description of receivables provided before writing
or retrieve debt provision retried
back or retrieving
Receivable accounts with no
Account back Long overdue 1,027,097.73 1,823,214.34
large amount individually
Total -- -- 1,027,097.73 --
In the end report peiod, separate amount is not large , the account receivable with big combination risk after
combined via risk character
In RMB
Name Book balance Amount of bad debt Proportion（%） Reason
Receivable accounts with The existence of the risk
8,213,158.44 4,955,849.91 60.34%
large amount individually of bad debts
Receivable accounts with
The existence of the risk
no large amount 3,919,508.86 3,561,605.60 90.87%
of bad debts
individually
Total 12,132,667.30 8,517,455.51 -- --
Notes
Individually insignificant but according to the credit risk characteristics of the combination of risky receivable acc
ounts refers to the ending balance is 1 million or less and can not be contacted, the deterioration of the financial po
sition of debtors and other objective evidence that it has occurred less value or aged over one year receivable acco
unts combination.
（3）Receivable accounts actually written off in the report period
N/A
87
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
(4)Particulars about the receivable accounts due from shareholders with 5% or over of the Company’s shares
In RMB
Year-end balance Year-beginning balance
Name
Book Balance Amount Book Balance Amount
N/A
（5）The front 5 units’ information of account receivable
In RMB
Relation with the Portion in total
Name Amount Ages
Company receivables (%)
Shenzhen China Star
Optoelectroincs Client 43,394,502.04 Within 1 year 24.31%
Technology Co., Ltd.
Kunshan Longteng
Client 22,651,240.70 Within 1 year 12.68%
Optoelectronics Co., Ltd.
Shenzhen Tongxingda
Client 19,704,702.81 Within 1 year 11.04%
Technology Co., Ltd.
Guangxi Qinzhou
Tianshan
Client 7,038,832.76 Within 1 year 3.94%
Microelectronics Co.,
Ltd.
Shenzhen Jingxun
Client 6,555,113.68 Within 1 year 3.67%
Electronic Co., Ltd.
Total -- 99,344,391.99 -- 55.64%
（6）Account receivable from Related parties
In RMB
Portion in total receivables
Name Relation with the company Amount
account(%)
Shenzhen Tianma
Client, related parties 1,039,958.56 0.58%
Microelectronics Co., Ltd.
Total -- 1,039,958.56 0.58%
5. Other receivable
1.Type analyses:
In RMB
Type Amount in year-end Amount in year-begin
88
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Book Balance Bad debt provision Book Balance Bad debt provision
Amount Proportio Amount Proportio Amount Proportion( Amount Proportio
n(%) n(%) %) n(%)
Other receivables with
major individual amount 11,981,464.6 11,981,464.6 11,981,464.6
30.30% 100.00% 7.43% 11,981,464.60 100.00%
and had debt provision 0 0 0
provided individuarlly
Other receivables provided bad debt provision in groups
27,044,742.5 148,612,661.
Account age group 68.40% 2,223,080.72 8.22% 92.19% 8,342,351.29 5.61%
9 88
27,044,742.5 148,612,661.
Subtotal of group 68.40% 2,223,080.72 8.22% 92.19% 8,342,351.29 5.61%
9 88
Other account
receivablewith minor
individual amount but 511,820.77 1.30% 511,820.77 100.00% 609,088.77 0.38% 609,088.77 100.00%
bad debt provision is
provided
39,538,027.9 14,716,366.0 161,203,215.
Total -- -- -- 20,932,904.66 --
6 9 25
Category explanation of other accounts receivable:
Receivables with significant individual amount and provision made for individual item refers to customer
accounts receivable with single amount more than 0.5 million, its provision for impairment will be made based on
specific identification method. For receivables without significant individual amount, after deducting those parts
which had conducted individual impairment test for its obvious difference in collectability with concrete evidence,
making group by aging with character of credit risks and making provision for impairment based on aging
analysis method. The receivables made provision for impairment without significant individual amount refers to
those receivables which has obvious difference in collectability with concrete evidence, its provision will be made
based on specific identification method.
Other receivable accounts with large amount and were provided had debt provisions individually at end of period.
√ Applicable □ Not applicable
In RMB
Decription Book balance Amount of bad debts Rate（%） Reason
Receivable accounts with
11,981,464.60 11,981,464.60 100.00% Estimated uncollectible
large amount individually
Total 11,981,464.60 11,981,464.60 -- --
Other receivable accounts in Group on which bad debt provisions were provided on age analyze basis：
√ Applicable □ Not applicable
In RMB
89
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
At end of term At beginning of term
Book balance Bad debt provision
Age
Bad debt provision Proporti Bad debt provision
Amount Amount Amount
on(%)
Within 1 year
Including ：
Subtotal of within 1 year 24,646,791.27 91.13% 1,280,870.79 145,815,472.70 98.12% 7,323,309.09
1-2 years 467,634.33 1.73% 46,763.43 752,025.25 0.51% 75,192.52
2-3 years 348,560.00 1.29% 104,568.00 393,661.47 0.26% 118,098.46
Over 3 years 1,581,756.99 5.85% 790,878.50 1,651,502.46 1.11% 825,751.22
3-4 years 1,357,500.21 5.02% 678,750.11 1,256,837.10 0.85% 628,418.55
4-5 years 214,256.78 0.79% 107,128.39 274,820.78 0.18% 137,410.39
Over 5 years 10,000.00 0.04% 5,000.00 119,844.58 0.08% 59,922.29
Total 27,044,742.59 -- 2,223,080.72 148,612,661.88 -- 8,342,351.29
Other receivable account in Group on which bad debt provisions were provided on percentage basis
□ Applicable √ not applicable
Receivable account on which bad debt provisions are provided by other ways in the portfolio
□ Applicable √ not applicable
Other receivable accounts with minor amount but were provided had debt provisions individually at end of period
√Applicable□ not applicable
In RMB
Content Book balance Bad debt Provision Rate（%） Reason
Other Receivable
accounts with no large 511,820.77 511,820.77 100.00% Estimated uncollectible
amount individually
Total 511,820.77 511,820.77 -- --
（2）Other receivable accounts written back or retrieved in the report period
In RMB
Accumulatively Accruing
Cause of written back Determine the Basis of Allowances for Bad Debt Amount of Reversal or
Content
oor retrieved Bad Debt Provision before Reversal or Recovery
Recovery
Tianjian plant deposits, etc. Tianjian plant deposits
Estimated uncollectible 97,268.00 97,268.00
, etc.
Total -- -- 97,268.00 --
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Separate amount is big at end of the period or not big but other account receivable and doubtful reserves shall be
withdrawn
In RMB
Description Book balance Amount of bad debts Rate（%） Reason
Other Receivable
accounts with large 11,981,464.60 11,981,464.60 100.00% Estimated uncollectible
amount individually
Other Receivable
accounts with no large 511,820.77 511,820.77 100.00% Estimated uncollectible
amount individually
Total 12,493,285.37 12,493,285.37 -- --
Notes
Individually insignificant but according to the credit risk characteristics of the combination of risky receivable acc
ounts refers to the ending balance is 0.5 million or less and can not be contacted, the deterioration of the financial
position of debtors and other objective evidence that it has occurred less value or aged over one year receivable ac
counts combination.
（3）Other receivable accounts actually written off in the report period
N/A
（4）Particulars about the other receivable accounts due from shareholders with 5% or over of the Company’s
shares in the report period
In RMB
Balance at the period end Balance in year-begin
Name Amount of bad debt Amount of bad debt
Book amount Book amount
provision provision
None
（5）The front 5 units’ information of other account receivable
In RMB
Relation with the Portion in total other
Name Amount Ages
company receivables(%)
Export tax rebates Non-related parties 19,154,216.02 Within 1 year 48.44%
Jiangxi Xuanli String
Non-related parties 11,389,044.60 4-5 years 28.81%
Co., Ltd.
Anhui Huapeng Textile
Sharing Company 2,700,000.00 Within 1 year 6.83%
Co., Ltd.
91
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Shenzhen Finance
Non-related parties 1,047,437.10 3-4 years 2.65%
Committee
Shenzhen Tianlong
Industry & trade Co., Non-related parties 592,420.00 Over 5 years 1.50%
Ltd.
Total -- 34,883,117.72 -- 88.23%
（6）Other Account receivable from Related parties
In RMB
Portion in total other
Name Relation with the company Amount
receivables(%)
Anhui Huapeng Textile Co.,
Sharing Company 2,700,000.00 6.83%
Ltd.
Total -- 2,700,000.00 6.83%
6.Payment in advance
（1）Age analysis
In RMB
Balance in year-end Balance in year-begin
Age Proportion Proportion
Amount Amount
（%） （%）
Within 1 year 56,097,505.25 100.00% 19,929,907.06 94.76%
1-2 years 1,101,870.10 5.24%
Total 56,097,505.25 -- 21,031,777.16 --
（2） The front 5 units’ information of Payment in advance
In RMB
Relation with the
Name Amount Time Reason of not clearing
company
Supplier 1 Supplier 7,720,877.91 Within 1 year Not available
Supplier 2 Supplier 6,239,915.32 Within 1 year Not available
Supplier 3 Supplier 5,053,600.03 Within 1 year Not available
Supplier 4 Supplier 4,002,681.70 Within 1 year Not available
Supplier 5 Supplier 3,393,364.92 Within 1 year Not available
Total -- 26,410,439.88 -- --
92
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
（3）Prepayment received by shareholding parties holding 5% or above of the Company’s shares in the report
period.
In RMB
Balance in year-end Balance in year-begin
Name Amount of Bad debt Amount of Bad debt
Book Balance Book Balance
provision provision
None
（4）Statements on prepayments
The ending balance of payment in advance increased by RMB 35.0657 million and 166.73% over beginning of
period mainly due to the increase of export orders by the end of current period.
7．Inventory
（1）Inventory types
In RMB
Year-end balance Year-beginning balance
Items Book balance Provision for Book value Book balance Provision for bad Book value
bad debts debts
Raw materials 139,411,519.97 31,569,170.01 107,842,349.96 118,447,861.42 30,079,424.36 88,368,437.06
Processing
12,261,770.44 12,261,770.44 8,801,829.49 8,801,829.49
products
Stock goods 141,719,545.90 35,537,616.25 106,181,929.65 161,438,049.40 54,930,603.47 106,507,445.93
Turnover materials 133,102.72 133,102.72 133,102.72 133,102.72
Total 293,525,939.03 67,106,786.26 226,419,152.77 288,820,843.03 85,010,027.83 203,810,815.20
（2）Inventory Impairment provision
In RMB
Book balance at year Amount accounted in Amount Decreased in current period Book balance at period
Type
beginning current period Transferred back Reselling end
Raw materials 30,079,424.36 1,489,745.65 31,569,170.01
Stock goods 54,930,603.47 8,469,718.27 27,862,705.49 35,537,616.25
Total 85,010,027.83 9,959,463.92 27,862,705.49 67,106,786.26
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
（3）Condition of inventory value decline
Items Base of stock value decline Reason of issuing back to stock Proportion of issuing back
value decline plan of this period amount to the stock balance at
this period
Net realisable value is lower tha
Raw materials
n the corresponding cost
Net realisable value is lower tha
Stock goods
n the corresponding cost
Net realisable value is lower tha
Processing products
n the corresponding cost
Net realisable value is lower tha
Tumover materials
n the corresponding cost
8.Other current assets
In RMB
Items End of term Beginning of term
Structural Deposit 100,000,000.00
Total 100,000,000.00
9.Disposable financial assets
（1）Sellable financial assets
In RMB
Items Fair value at end of term Fair value at beginning of term
Available-for-sale equity instruments 24,343,947.21 41,829,021.22
Total 24,343,947.21 41,829,021.22
This issue will be re-held-to-maturity investments classified as available for sale financial assets, the current re-
classification of the amount of RMB 0.00 .
Explanation of financial assets available for sale:
The amount of available for sale assets are held by Shenzhen Victor Onward Textile Industrial Co., Ltd.
shares, (1) Shen Victor Onward A of the company holds a total of 1,722,794 shares of the outstanding shares of
the highest A share price of RMB 10.44 in June 30, 2014, (2) Fawer of the company holds a total of 985,733
shares of the outstanding shares of the highest A share price of RMB 6.45 in June 30, 2014.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
(2)Impairment of financial assets available for sale
In RMB
Type of financial assets available for Equity instrument Debt instrument
Other Total
sale available for sale available for sale
Cost of equity instruments /
8,408,102.71 8,408,102.71
Amortized cost of a debt instrument
Fair value at the end 24,343,947.21 24,343,947.21
Changes in the amount of the cumulat
ive fair value recognized in other com 13,353,224.04 13,353,224.04
prehensive income
Amount of provision for impairment
2,947,341.67 2,947,341.67
（3）Chinges of impairment of financial assets available for sale in period
In RMB
Type of financial assets Equity instrument Debt instrument
Other Total
available for sale available for sale available for sale
Impairment amount at the
2,947,341.67 2,947,341.67
beginning of period
Impairment amount at the
2,947,341.67 2,947,341.67
end of period
10.Investment to joint venture and affiliated Enterprises
In RMB
Voting End total End total net Total current
Name Proportion (%) End total assets Net profit
proportion(%) liablilities assets revenues
I. Joint venture
Shenzhen
Haohao
Property 50.00% 50.00% 6,637,734.33 580,956.71 6,056,777.62 968,225.00 526,562.01
Leasing Co.,
Ltd.
Shenzhen Xieli
Automobile 50.00% 50.00% 8,478,024.73 2,074,557.24 6,403,467.49 861,600.00 287,378.35
Co., Ltd.
II. Affiliated enterprise
Shenzhen
40.25% 40.25% 5,557,056.25 1,151,951.33 4,405,104.92 285,000.00 36,281.71
Changlianfa
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Printing &
dyeing
Company
Jordan
Garment 35.00% 35.00% 13,708,258.37 5,204,366.00 8,503,892.37 13,253,644.28 518,457.69
Factory
Hengshun
（Saipan）
35.00% 35.00%
Industry Co.,
Ltd.
Explanation on major accounting policy and accounting estimation in joint venture and affiliated enterprises
difference from the policy and estimation of the Company:
There is no significant difference among the significant accounting policy of joint venture and Affiliated
enterprise , the accounting estimate and the company accounting policy, the accounting estimate.
11. Long term share equity investment.
(1) Long-term equity investments
In RMB
Explainati
on of
diffirence
between
Sharehold Voting sharehold
Accounti Initial ing right ing
Original Ending Current Cash
Name ng investmen change proportio proportio proportio Devalue
balance Balance devalue bonus
method t cost n in the n in the n and
investee investee voting
right
proportio
n in
investee
Shenzhen
Jintian
Industry Cost 14,831,68 14,831,68 14,831,68 14,831,68
3.68% 3.68%
1.50 1.50 1.50 1.50
（ Group method
） Co.,
Ltd.
-
Shenzhen Equity 2,040,102 3,662,282 3,450,733
211,549.0 50.00% 50.00%
.73 .82 .77
Haohao method 5
96
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Property
Leasing
Co., Ltd.
Shenzhen
Xieli
Equity 1,529,483 3,324,699 143,689.1 3,468,388 266,654.9
50.00% 50.00%
Automobi .67 .57 7 .74 9
method
le Co.,
Ltd.
Shenzhen
Changlia
nfa Equity 2,524,500 1,758,451 1,773,054
14,603.39 40.25% 40.25%
.00 .34 .73
Printing method
& dyeing
Company
Jordan
Equity 7,240,625 2,856,402 119,959.6 2,976,362
35.00% 35.00%
Garment .00 .65 8 .33
method
Factory
Hengshun
（ Saipan
Equity 8,228,350
） 0.00 0.00 35.00% 35.00%
.00
method
Industry
Co., Ltd.
Shenzhen
Jiafeng Cost 16,800,00 16,800,00 16,800,00 16,800,00
10.80% 10.80%
0.00 0.00 0.00 0.00
Textile method
Co., ltd.
Shenzhen
Guanhua
Cost 5,491,288 5,491,288 5,491,288 5,058,307
45.00% 45.00%
Prnting & .71 .71 .71 .01
method
dyeing
Co., Ltd.
Shenzhen 2,600,000 2,600,000 2,600,000
2.87% 2.87%
Cost .00 .00 .00
Union
97
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Develop method
ment
Group
Co., Ltd
Shenzhen
Xiangjian Cost 160,000.0 160,000.0 160,000.0
20.00% 20.00%
0 0 0
g Trade method
Co., Ltd.
Shenzhen
Xinfang Cost 524,000.0 524,000.0 524,000.0 112,000.0
20.00% 20.00%
0 0 0 0
Knitting method
Co., Ltd.
Hongkon
g Yehui
Cost 2,392,914 2,392,914 2,392,914 421,830.0
17.85% 17.85%
Internatio .37 .37 .37 0
method
nal Co.,
Ltd.
Shenzhen
Dailisi Cost 532,062.5 2,559,856 2,559,856 786,200.0
30.00%
0 .26 .26 0
Knitting method
Co., Ltd.
Anhui
Huapeng Cost 25,000,00 25,410,20 25,410,20
50.00%
0.00 9.50 9.50
Textile method
Co., Ltd.
Shenzhen
South Cost 1,500,000 1,500,000 1,500,000
9.84% 9.84%
.00 .00 .00
Textile method
Co., Ltd.
Shenzhen
Cost 1,800,000 1,800,000 1,800,000
18.00% 18.00%
Tongyi .00 .00 .00
method
Silk Co.,
98
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Ltd.
93,195,00 85,671,78 85,738,48 36,956,64 1,320,030
Total -- 66,703.19 -- -- --
8.48 6.72 9.91 3.50 .00
（2）Constrains on the ability to transfer capital to invested entities
During the reporting period, the company is not limited to transfer funds to the Investment Company limited
circumstances.
The company has no long-term equity investment of limited sales condition in the end.
12.Investment real estate
（1）Measured by the cost of investment in real estate
In RMB
Items Book amount at year Increase at this period Decrease at this period Book balance in year -end
beginning
1. Total original price 254,042,931.46 254,042,931.46
1.House, Building 254,042,931.46 254,042,931.46
II.Total accumulated
depreciation
106,562,343.61 3,287,656.20 109,849,999.81
accumulated
amortization
1.House, Building 106,562,343.61 3,287,656.20 109,849,999.81
III. Total book value
of investment real 147,480,587.85 -3,287,656.20 144,192,931.65
estate
1.House, Building 147,480,587.85 -3,287,656.20 144,192,931.65
V. Total book value of
147,480,587.85 -3,287,656.20 144,192,931.65
investment real estate
1.House, Building 147,480,587.85 -3,287,656.20 144,192,931.65
In RMB
This period
Current amount of depreciation and amortization 3,287,656.20
Accrual amount of impairment provision for investment properties of
0.00
thecurrent period
99
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
13. Fixed assets
（1）Fixed assets
In RMB
Items Book amount at Increase at this period Decrease at this Book balance in
year beginning period year -end
1.Total of Original price of
1,115,569,214.29 1,133,229.16 3,134,254.12 1,113,568,189.33
fixed assets
Including ：House and
460,212,024.34 30,240.70 460,181,783.64
building
Machine equipment 634,232,821.61 243,294.00 2,999,508.20 631,476,607.41
Transporation Equipment 3,569,501.03 121,656.69 3,691,157.72
Electricity equipment and
17,554,867.31 768,278.47 104,505.22 18,218,640.56
other
Book balance at Current term new Current term Decrease at this Book balance in
--
year beginning extra provision period year -end
II. Total of Accumulated
237,087,882.66 35,941,506.84 174,923.33 272,854,466.17
depreciation
Including ：House and
63,245,461.20 6,535,476.86 69,780,938.06
building
Machine equipment 161,999,430.17 28,324,232.45 73,456.80 190,250,205.82
Transporation Equipment 1,982,265.90 195,469.21 2,177,735.11
Electricity equipment and
9,860,725.39 886,328.32 101,466.53 10,645,587.18
other
Book balance in Balance in year-
-- --
year-begin end
III. Total book value of
878,481,331.63 -- 840,713,723.16
Fixed assets
Including ：House and
396,966,563.14 -- 390,400,845.58
building
Machine equipment 472,233,391.44 -- 441,226,401.59
Transporation Equipment 1,587,235.13 -- 1,513,422.61
Electricity equipment and
7,694,141.92 -- 7,573,053.38
other
IV. Total of Devalued
235,233.62 -- 235,233.62
Provision
Transporation Equipment 235,233.62 -- 235,233.62
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Electricity equipment and
--
other
V. Total book value of Fixed
878,246,098.01 -- 840,478,489.54
assets
Including ：House and
396,966,563.14 -- 390,400,845.58
building
Machine equipment 472,233,391.44 -- 441,226,401.59
Transporation Equipment 1,352,001.51 -- 1,278,188.99
Electricity equipment and
7,694,141.92 -- 7,573,053.38
other
(2) Current depreciation is RMB 35,941,506.84 . The issue of fixed assets transferred from construction in
progress original price is RMB0.00.
（3）Fixed assets with un-completed property certificates
Items Reasons for un-completed certificate Temes expected for certifi cate completed
TFT-
In second half of 2014 is expected to
LCD polarizing film project phase 1 fixed
go through.
assets of houses and buildings
Explanation of fixed assets
（1）As of June 30, 2014，The company has no temporary situation of idle fixed assets.
（2）As of June 30, 2014，The company has no lease by financing the fixed assets of the situation.
（3）As of June 30, 2014，The company did not lease fixed assets through operating lease.
(4)TFT-
LCD polarizing film project phase 1 fixed assets of houses and buildings, the company has not yet completed th
e property certificate which expected to be managed in the second half of 2014
14.Project under construction
（1）Project under construction
In RMB
Year-end balance Year-beginning balance
Items Book balance Provision for Book Net value Book balance Provision for Book Net value
devaluation devaluation
TFT-LCD polarizing film II
39,987,377.47 39,987,377.47 27,620,841.73 27,620,841.73
project
Guanhua Building project 25,038,407.19 25,038,407.19 22,003,109.19 22,003,109.19
Research and development
13,662,830.04 13,662,830.04 10,077,241.80 10,077,241.80
center expansion project
Other 7,166,245.67 7,166,245.67 3,216,023.27 3,216,023.27
Total 85,854,860.37 85,854,860.37 62,917,215.99 62,917,215.99
(2) The variation in constructing the engineering project
101
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
In RMB
Includin
Capitalis g：
Capitalis
Amount Transferr ation of Current
Increase ation of Balance
at year ed to Other Proportio Progress interest amount Source
Name Budget at this interest in year-
beginnin fixed decrease n(%) of work accumul of of funds
period ratio end
g assets ated capitaliz
（%)
balance ation of
interest
TFT-
LCD
1,470,93 27,620,8 12,366,5 Collect 39,987,3
polarizin 3.00% 3%
0,000.00 41.73 35.74 and Self- 77.47
g film II
project
1,470,93 27,620,8 12,366,5 39,987,3
Total -- -- -- --
0,000.00 41.73 35.74 77.47
（3）Impairment Provisions of Construction in progress
In RMB
Balance in year- Increase at this Decreae at this
Items Balance in year-end Reason
begin period period
N/A
（4）Major projects under construction
Items Progress work Remark
TFT-LCD polarizing film II project 3%
15. Intangible assets
（1） Intangible assets
In RMB
Items Book Balance in year- Book Balance in year-
Increase at this period Decrease at this period
begin end
1. Total original price 62,275,410.50 191,700.00 62,467,110.50
Land Use right 48,765,130.50 48,765,130.50
Proprietary technology 11,825,200.00 11,825,200.00
Software 1,685,080.00 191,700.00 1,876,780.00
II. Total amount of 18,397,339.13 1,144,192.04 19,541,531.17
102
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
accumulated
Land Use right 7,132,351.17 642,677.64 7,775,028.81
Proprietary technology 11,036,800.00 394,200.00 11,431,000.00
Software 228,187.96 107,314.40 335,502.36
III. Book value of intangible
43,878,071.37 -952,492.04 42,925,579.33
assets
Land Use right 41,632,779.33 -642,677.64 40,990,101.69
Proprietary technology 788,400.00 -394,200.00 394,200.00
Software 1,456,892.04 84,385.60 1,541,277.64
Land Use right
Proprietary technology
Software
V. Total Book value of
43,878,071.37 -952,492.04 42,925,579.33
intangible assets
Land Use right 41,632,779.33 -642,677.64 40,990,101.69
Proprietary technology 788,400.00 -394,200.00 394,200.00
Software 1,456,892.04 84,385.60 1,541,277.64
The amortization amount is RMB 1,144,192.04.
16. Goodwill
In RMB
Name of the investee or the Balance in year- Increase at this Decrease at this Book Balance in Ending devalue
matter of forming Goodwill begin period period year-end provision
Shenzhen Beauty Century
2,167,431.21 2,167,431.21 2,167,431.21
Garment Co., Ltd.
Shenzhen Shenfang Import and
82,156.61 82,156.61 82,156.61
Export Co., Ltd.
Shenzhen Shengbo
Ophotoelectric Technology Co., 9,614,758.55 9,614,758.55
Ltd
Total 11,864,346.37 11,864,346.37 2,249,587.82
Description of the impairment of business reputation impairment testing methods and provisioning methods:
goodwill related to the asset group or a combination of asset group signs of impairment exists, according to the
following steps to deal with: first, do not include business reputation asset group or a Group portfolio of assets
impairment testing, calculate recoverable amount, and with the relevant book value compared to the
corresponding recognized devalue losses; and then again with the goodwill asset group or a group of portfolio
asset impairment testing, compare the related assets group or groups of assets portfolio book value (including the
103
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
share of the book value of business reputation in part) to its recoverable amount.
17. Long-term amortization expenses
In RMB
Items Amount of Other Decrease Balance in year Other
Balance in year- Increase at this
amortization at end
begin period
current period
Renovation costs 589,238.14 248,254.44 340,983.70
Other 246,041.04 11,000.00 17,438.58 239,602.46
Total 835,279.18 11,000.00 265,693.02 580,586.16 --
18. Deferred income tax assets/Deferred income tax liabilities
(1）Recognized deferred income tax assets and deferred income tax liabilities
Recognized deferred income tax assets and deferred income tax liabilities
In RMB
Items Year-end balance Year-beginning balance
Deferred income tax assets
Assets depreciation reserves 15,619,139.01 19,534,074.48
Deductible loss 20,143,883.87 20,143,883.87
Unattained internal sales profits 447,732.41 455,566.34
Subtotal 36,210,755.29 40,133,524.69
Deferred income tax liability
Increase and decrease of fair value of available-
4,075,141.42 7,844,924.43
for-sale financial assets
Assessed tax-free periods of time caused by
52,384,071.50
differences in income
Subtotal 4,075,141.42 60,228,995.93
Details of un-recognized deferred income tax assets
In RMB
Items At end of term At beginning of term
Deductible loss 27,369,509.36 19,384,041.65
Total 27,369,509.36 19,384,041.65
The deductible losses of un-recognized deferred income tax assets are expired in the follow year:
In RMB
Year At end of term At beginning of term Notes
2018 182,463,395.73 129,226,944.33
104
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Total 182,463,395.73 129,226,944.33 --
Details of taxable difference and deductible differences
In RMB
Amount of temporary differences
Items
At end of term At beginning of term
Differences in taxable items
Provision for bad debts 31,784,431.10 25,160,518.63
Provision for falling price of inventory 67,106,786.26 85,010,027.83
Impairment of long-term equity investments 5,227,896.65 5,227,896.65
Unattained internal sales profits 2,984,882.69 3,037,108.90
Deductible loss 134,292,559.16 134,292,559.16
Loss of available-for-sale financial assets 2,947,341.67 2,947,341.67
Subtotal 244,343,897.53 255,675,452.84
Differences in taxable items
Increase and decrease of fair value of available-for-
16,300,565.68 31,379,697.72
sale financial assets
Stock equity disposition of the temporary taxable
209,536,286.00
difference and the taxable income
Subtotal 16,300,565.68 240,915,983.72
（2）Net amount of deferred income tax assets and deferred income tax liabilities after deduction
Item of deferred income tax assets and liability after mutual offset
In RMB
Temporarily Temporarily
Deferred Income Tax Deferred Income Tax
Deductable or Deductable or
Assets or Liabilities Assets or Liabilities
Items Taxable Difference at Taxable Difference at
at the End of Report at the Beginning of
the End of Report the Beginning of
Period Report Period
Period Report Period
Deferred income tax assets： 36,210,755.29 40,133,524.69
Deferred income tax liability： 4,075,141.42 60,228,995.93
19. Provision for depreciation of assets
In RMB
Decreased in this period
Book balance at the Increase in this Balance in year-
Items Switch
beginning of term period Switch back end
cancellation
105
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
I.Provision for bad debts 36,549,563.23 -3,705,610.15 1,124,365.73 31,719,587.35
2 Inventory impairment
85,010,027.83 9,959,463.92 27,862,705.49 67,106,786.26
provision
5. Long-term equity
investment impairment 36,956,643.50 36,956,643.50
provision
7.Fixed asset impairment
235,233.62 235,233.62
provision
13. Goodwill impairment
2,249,587.82 2,249,587.82
provision
Total 161,001,056.00 6,253,853.77 1,124,365.73 27,862,705.49 138,267,838.55
20. Short-term loan
（1）Categories of short-term loans
In RMB
Items Balance in year-end Balance in year-Beinning
Guaranteed loan 9,742,632.72
Total 9,742,632.72
Description of short-term loans classifications: The short-term loans are classified by loans.
21. Account payable
（1）Account payable
In RMB
Items Balance in year-end Balance in year-begin
Within 1 year 110,437,027.54 102,192,867.77
1-2 years 723,126.73 718,719.91
2-3 years 37,713.81 185,976.28
3-4 years 43,266.67 34,702.31
4-5 years 4,884,804.87 4,750,532.17
Over 5 years 417,308.57 415,057.41
Total 116,543,248.19 108,297,855.85
(2)There was account payable due from shareholders with more than 5% (including 5%) of the voting shares of
the company
In RMB
Name Balance in year-end Balance in year-begin
106
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
None
22. Advance account
(1). Advance account
In RMB
Items Balance in year-end Balance in year-begin
Within 1 year 62,251,054.27 31,021,762.38
1-2 years 968.40 968.90
2-3 years 9,072.57 9,072.57
3-4 years 50.76 50.76
4-5 years 1,516.80 1,516.80
Over 5 years 639,024.58 639,024.58
Total 62,901,687.38 31,672,395.99
（2）There was Advance account due from shareholders with More than 5% (including 5%) of the voting shares
of the company.
In RMB
Items Balance in year-end Balance in year-begin
None
（3）The description of large-sum accounts payable with the age over 1 year:
The receipts in advance with the age more than 1 year in the company’s advance receipts is the unsettled
sporadic balance with the clients, so there is no large-sum advance receipts.
23. Payable Employee wage
In RMB
Items Balance in year-begin Increase in this period Payable in this period Balance in year-end
I.Wages, bonuses,
allowances and 33,936,638.64 48,763,498.18 56,435,066.28 26,265,070.54
subsidies
II..Employee welfare 4,054,852.12 4,054,852.12
III. Social insurance
5,198,639.35 5,198,639.35
premiums
Including：Medical
519,802.52 519,802.52
insurance
Basic old-age
4,299,303.26 4,299,303.26
insurance premiums
107
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Pension Payment 616,758.93 616,758.93
Unemployment
208,399.69 208,399.69
insurance
Work injury
83,659.78 83,659.78
insurance
Maternity insurance 87,474.10 87,474.10
IV. Public reserves
2,363,329.14 2,363,329.14
for housing
V.Compensation
due to
306,829.46 306,829.46
terminationof
labor contract
VI.Other 1,336,637.04 1,561,552.35 1,520,698.78 1,377,490.61
Total 35,273,275.68 62,248,700.60 69,879,415.13 27,642,561.15
The amounts of arrears of staff salary and welfare payable are RMB 0 00.
The amounts of trade union funds and staff education expenses are RMB1,186,668.31, the amounts of non-
monetary benefits are RMB 0.00, and the compensations for the lifting of labor relations is 0
The expected release time and amount of staff salary and welfare payable are arranged in the beginning of next
half year.
24. Tax Payable
In RMB
Items At end of term At beginning of term
VAT -88,681,803.46 -83,251,855.37
Business Tax 606,534.97 545,872.17
Enterprise Income tax 7,557,272.87 4,631,220.77
Individual Income tax 488,540.60 248,980.27
City Construction tax 24,325.41 51,408.95
House property Tax 788,537.22 178,701.74
Education subjoin 61,083.43 80,428.96
Other 491,975.33 302,006.12
Total -78,663,533.63 -77,213,236.39
Statement on tax payable: Please provide the calculating processes then taxable income is balanced between
branch companies or factories as approved by the tax bureau.
108
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
The subsidiary and branch of the company have no taxable income transfers of each other.
25. Interest Payable
In RMB
Items Year-end balance Year-beginning balance
Long-term loans interest of installment and interest
28,600,063.92 23,970,903.52
charge
Total l 28,600,063.92 23,970,903.52
26. Other payable
（1）Other payable
In RMB
Name Balance in year-end Balance in year-begin
Within 1 year 24,923,784.42 15,774,911.68
1-2 years 24,161,091.47 33,392,315.67
2-3 years 21,106,200.49 39,861,731.13
3-4 years 4,720,178.47 3,232,041.30
4-5 years 1,151,986.20 1,379,841.65
Over 5 years 24,021,446.39 26,448,984.85
Total 100,084,687.44 120,089,826.28
（2）There were other receivable from the main shareholders of the Company holding nore than 5% (including
5%) of the total shares of the Company.
In RMB
Name Balance in year-end Balance in year-begin
N/A
（3）Statement on large amount other payable accounts due for over one year
Among the payables, large amounts of the other payables are mainly for TFT-
LCD polarizer phase I project and equipment funds due for over one year.
（4）Statement on large amount other payable accounts
Among the payables, large amounts of the payables are mainly for TFT-
LCD polarizer phase I project and equipment funds.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
27. Long-term loan
（1）Long-term loans classifications
In RMB
Items Year-end balance Year-Beginning balance
Credit Loan 200,000,000.00 200,000,000.00
Total 200,000,000.00 200,000,000.00
As regards long-term loans classifications:
Long-term loans are classified by loans.。The long-term loans at the end of period are the loans enxtended to the
Company by Pingan Bank. Shenzhen Jiangsu Building Branch. entrusted by Shenzhen Shenchao Technology
Investment Co., Ltd.. No long-term loans were formed due to the extension of overdue loans.
（2）The top five of long-term loans
In RMB
Year-end balance Year-beginning balance
Loans Loans ending Interest rate Amount of Amount of Amount of Amount of
Loan unit Currency
starting date date (%) Foreign RMB Foreign RMB
currency currency
Pingan Bank.
November 3, January 24, 40,000,000.0 40,000,000.0
Shenzhen CNY 4.55%
Jiangsu 2011 2018 0 0
Building
Branch.
Pingan Bank.
November 3, January 24, 40,000,000.0 40,000,000.0
Shenzhen CNY 4.55%
Jiangsu 2011 2018 0 0
Building
Branch.
Pingan Bank.
November 3, January 24, 23,280,991.7 23,280,991.7
Shenzhen CNY 4.55%
Jiangsu 2011 2018 0 0
Building
Branch.
Pingan Bank.
Shenzhen November 21,225,294.0 21,225,294.0
June 24, 2015 CNY 4.55%
Jiangsu 25,2010 0 0
Building
Branch.
Pingan Bank.
Shenzhen 21,047,897.9 21,047,897.9
July 14,2010 June 24,2015 CNY 4.55%
Jiangsu 6 6
Building
Branch.
110
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
145,554,183. 145,554,183.
-- -- -- -- -- --
Total 66 66
28.Other Non-current liabilities
In RMB
Items Year-end Book balance Year-beginning Book balance
61,095,698.93 51,593,141.94
Deferred profits
61,095,698.93 51,593,141.94
Total
Statement on other non-current liabilities
（1）According to the "Notice on National Development and Reform Commission to the General Office of the
textile project management of the special funds" (Faigaiban [2006]2841), on December 2006, the Company
received "Textile special" funds RMB 2,000,000.00 from Shenzhen Finance Bureau. The company will use 14
years as asset depreciation period for amortization with the corresponding equipment in current period. the
ending balance of uncompleted amortization is RMB 1,285,714.30 ;
(2) According to the document of Shenzhen Municipal Development and Reform Commission 【2009】 No.
416 that "The Notice On issued the Governmental Investment Plan in 2009 on Zhong Ke New Industrial Internet
Security Audit System and Other High-tech Industrialization Demonstration Project and the Public Testing and
Consultation Service of Information Security Industry and other National High-tech Industrial Base Platform
Projects”, on May 2009, the company received the Shenzhen Municipal Development and Reform Commission
high-tech industrialization demonstration project supporting Capital RMB 2 million allocated by Shenzhen City
Bureau of Finance for the construction of “The Project of the Construction Line of Polaripiece for TFT-LCD”.Our
company will use 10 years as asset depreciation period for amortization in current period. The non-operating
income in current period is RMB 100,000.00 and the balance amount of unfinished final amortization is RMB
1,100,000.00;
(3) According to the document of the Office of the State Development and Reform Commission on "The Office of
the State Development and Reform Commission on the Reply of New Flat-Panel Display Industrialization Special
Project” (Development and Reform Office High-Tech【2008】No. 2104), the company obtained the state
subsidies RMB 10,000,000.00 from the State Development and Reform Commission New Flat-Panel Display
Industrialization Special Project for the construction of “The Project of Polaripiece Industrialization for TFT-
LCD”. On June 2009, December 2009 and April 2010, the company received the special subsidies of State
Development and Reform Commission RMB 1,000,000.00. Our company will use 10 years as asset depreciation
period for amortization. The non-operating income in current period is RMB 500,000.00, the balance amount of
unfinished final amortization is RMB 5,500,000.00;
（4）On December 2009 ,June 2011 and February 2013, the Company received a loan interest discount funds of
RMB 992,000.00, RMB 850,000.00 and RMB 483,000.00 allocated by Shenzhen Bureau of Finance for phase-II
alteration project. Our company will use 10 years as asset depreciation period for amortization in current
period.The non-operating income in current period is RMB 120,972.24 and the balance amount of unfinished final
amortization is RMB 1,330,694.28;
（5）The Company received R&D subsidy of RMB39,549,900.00 from the government according to Shen Cai
111
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Jian (2010) No. 101 Document - Circular of Plan for Use of Special Funds for the 14th Group of Significant High-
tech Projects in 2010. The Company plans to invest these funds in R&D in five years from 2011. The non-
operating income in current period is RMB 3,954,990.00 and the balance amount of unfinished final amortization
is RMB 11,864,970.00;
（6）In accordance with the Notice of Forwarding the Reply of General Office of State Development and Reform
Commission Regarding Special Plan for Strategic Transformation and Industrialization of Color TV Industry
issued by Shenzhen Development and Reform Commission (Shen Fa Gai (2011) No. 823), State Development
and Reform Commission approved including the project of industrialization of polarizer sheet for TFT-LCD of
Shengbo Optoelectronic Company into the special plan for strategic transformation and industrialization of color
TV industry in 2010 and appropriated national aid of RMB 10,000,000.00 to Shengbo Optoelectronic Company
for the research and development in the process of the project of industrialization and the purchase of required
software and hardware equipment. On June 2012 and September 2013, the company received the national grants
of RMB 10,000,000.00.. According to the Notice of Issuing the Governmental Investment Plan for 2011
Regarding Demonstration Project of High-tech Industrialization Including Specialized Services Such As Disaster
Recovery of Financial Information System issued by Shenzhen Development and Reform Commission (Shen Fa
Gai (2012) No. 3), the Company received subsidy of RMB 3,000,000.00 for the project of industrialization of
polarizer sheet for TFT-LCD in April 2012. Our company will use 10 years as asset depreciation period for
amortization in current period.The non-operating income in current period is RMB649,999.98 and the balance
amount of unfinished final amortization is RMB10,183,333.36;
（7）According to the Notice about the Plan for Supporting the Second Group of Enterprises in Biological,
Internet, New Energy and New Material Industries with Special Development Funds (Shen Fa Gai (2011) No.
1782), the Company received subsidy of RMB 5,000,000.00 for the narrow-width line (line 5) of phase-I project
of polarizer sheet for TFT-LCD on February 2012. The Company planned to amortize the subsidy over 10 years
according to the depreciation period of relevant assets. The non-operating income in current period is
RMB250,000.00 and the balance amount of unfinished final amortization is RMB4,250,000.00;
（8）On October 2013, The company received the grants for the purchase of imported equipment and technology
in 2012 of RMB 1,750,902.00, the Company planned to amortize the subsidy over 10 years according to the
depreciation period of relevant assets.The non-operating income in current period is RMB65,361.79 and the
balance amount of unfinished final amortization is RMB1,487,105.99;
（9）On December 2013，The company received the funds for innovation and entrepreneurship of of TFT-LCD
polarizing project from Pingshan New District Development and Finance Bureau of RMB 500,000.00(matching
funding category),the Company planned to amortize the subsidy over 10 years according to the depreciation
period of relevant assets. the balance amount of unfinished final amortization is RMB450,000.00;
（10）In December 2013,The company has received the innovation funds of RMB500,000.00 (the supporting
and funding category) from Shenzhen Polaroid Material and Technical Engineering Laboratory of Shenzhen
Pingshan New District Development and Finance Bureau. Also, the company shall allocate and transfer the
deferred income into the profit or loss in the current period based on the depreciation limit from the date of the
expected usable status achieved for the relevant assets.
（11）According to the Approval of Application of Shenzhen Shengbo Optoelectronic Technology Co., Ltd. for
112
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Project Funds for Shenzhen Polarization Material and Technology Engineering Laboratory (Shen Fa Gai (2012)
No. 1385), Shenzhen Polarization Material and Technology Engineering Laboratory was approved to be
established on the strength of Shengbo Optoelectronic with total project investment of RMB 24,390,000.00. As
approved by Shenzhen Municipal People's Government, this project was included in the plan for supporting the
fourth group of enterprises with special fund for the development of strategic new industries in Shenzhen in 2012
(new material industry). According to the Notice of Issuing the Plan for Supporting the Fourth Group of
Enterprises with Special Fund for Development of Strategic New Industries in Shenzhen in 2012 (Shen Fa Gai
(2012) No. 1241), the Company received subsidy of RMB 5,000,000.00 on December 2012 for purchasing
instruments and equipment and improving existing technological equipment and test conditions. The fund gap will
be filled by the Company through raising funds by itself. The subsidy will be amortized over the depreciation
period from the day when relevant assets get ready for intended use;
（12）According to the “Announcement on the Identification of Technology Centers of 24 Enterprises including
Shenzhen Yuanwanggu Information Technology Joint Stock Company Limited as the Municipal Research and
Development Centers (Technical Center)” (SJMXXJS [2013] No.137), the research and development center of
Shenzhen SAPO Photoelectric Co., Ltd. has been regarded as 2012 annual municipal R&D center. In December
2013, the company has received the funding subsidy of RMB3 million for the construction of the technical center.
Also, the company shall allocate and transfer the deferred income into the profit or loss in the current period based
on the depreciation limit from the date of the expected usable status achieved for the relevant assets.
(13)On March 2014 the company received the introduction of advanced technology import subsidy funds of RMB
143,881 from Shenzhen Finance Committee, the project has not been accepted.
(14)On April 2014, the company received RMB 15,000,000.00funds for equipment purchase for TFT-
LCD polarizing film phase IIproject from Shenzhen Finance Committee. When the company self-
related assets reach its intended using day, the deferred revenue sharing would be transferred to profit or loss in c
urrent period base on depreciation period .
Item of liability with government subsidy concerned
In RMB
Amount reckoned
Subsidy Assets-
Balance in year- into non-operation Balance in
Items increase during Other chinges related/income-
begin revenue in the year-end
this period related
period
Textile special funds 1,285,714.30 1,285,714.30 Related to assets
High-tech
Industrialization
1,200,000.00 100,000.00 1,100,000.00 Related to assets
demonstration
projects
National grant
fundsfor new flat
6,000,000.00 500,000.00 5,500,000.00 Related to assets
panel display
industry
Borrowing discount 1,451,666.52 120,972.24 1,330,694.28 Related to assets
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Government R & D
15,819,960.00 3,954,990.00 11,864,970.00 Related to profit
subsidies
Grant funds for TFT-
LCD polarizer 10,833,333.34 649,999.98 10,183,333.36 Related to assets
industry project
Grant funds for TFT-
LCD polarizer
4,500,000.00 250,000.00 4,250,000.00 Related to assets
narrow line (line 5)
project
Purchase of
importedequipment 1,552,467.78 65,361.79 1,487,105.99 Related to assets
and technology
Innovation and
venture capital for
450,000.00 450,000.00 Related to assets
TFT-LCD polarier
project
Shenzzhen
Engineering
laboratory polarizing 500,000.00 500,000.00 Related to assets
material and technical
engineeting
Shenzhen
polarizingmaterial
5,000,000.00 5,000,000.00 Related to assets
and technical
engineering
Capital funding for
3,000,000.00 3,000,000.00 Related to assets
Technology Center
Subsidy funds to supp
ort the introduction of 143,881.00 143,881.00 Related to assets
advanced technology
Funds to purchase eq
uipment of TFT-
15,000,000.00 15,000,000.00 Related to assets
LCD polarizing film
project phase II
Total 51,593,141.94 15,143,881.00 5,641,324.01 61,095,698.93 --
29. Stocks capital
In RMB
Balance in Changed（+，-） Balance in
114
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
year-begin Capitalization year-end
Issuance of
Bonus shares of public Other Subtotal
new share
reserve
Total of capital
506,521,849.00 506,521,849.00
shares
30. Capital reserves
In RMB
Items Year-beginning balance Increase in the current Decrease in the current Year-end balance
period period
Share premium 1,574,407,414.34 1,574,407,414.34
Other 32,117,755.08 3,796,116.14 15,105,465.14 20,808,406.08
Total 1,606,525,169.42 3,796,116.14 15,105,465.14 1,595,215,820.42
Statement on capital reserves：
The increase of other capital surplus is the net amount of change of fair value of financial assets available for sale
held by the Company in the report year after deduction of recognized deferred income tax liabilities. The decrease
of other capital surplus is due to the outward transfer of the change of fair value originally accounted for as capital
surplus after sales of financial assets available for sale.
31. Surplus reserve
In RMB
Items Year-beginning balance Increase in the current Decrease in the current Year-end balance
period period
59,801,735.10 59,801,735.10
Statutory surplus reserve
59,801,735.10 59,801,735.10
Total
32. Retained profits
In RMB
Extraction or distribution of the
Items Amount
proportion
Before adjustments: Retained profits at the
124,997,823.59 --
period end
After adjustments: Retained profits at the period
124,997,823.59 --
beginning
115
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Add：Net profit belonging to the owner of the
-21,644,510.10 --
parent company
Retained profits at the period end 103,353,313.49 --
As regards the details of adjusted the beginning undistributed profits
(1)As the retroactive adjustment on Enterprise Accounting Standards and its related new regulations, the affected
beginning undistributed profits are RMB 0.00.
(2) As the change of the accounting policy, the affected beginning undistributed profits are RMB 0.00.
(3) As the correction of significant accounting error, the affected beginning undistributed profits are RMB 0.00 .
(4) As the change of consolidation scope caused by the same control, the affected beginning undistributed profits
are RMB 0.00.
(5) Other adjustment of the total affected beginning undistributed profits are RMB 0.00 .
33. Business income, Business cost
（1）Business income, Business cost
In RMB
Items Amount of current period Amount of previous period
Income from Business income 469,646,627.85 574,519,173.10
Other Business income 1,977,196.96 1,828,836.96
Total 434,138,124.26 527,913,970.56
（2）Main business（Industry）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
Domestic and foreign trade 158,919,558.30 158,041,576.68 231,978,740.01 230,103,752.45
Manufacturing 268,218,570.16 262,502,326.32 300,083,729.57 284,719,485.05
Property management, leasing 42,508,499.39 11,661,028.64 42,456,703.52 11,261,896.10
Total 469,646,627.85 432,204,931.64 574,519,173.10 526,085,133.60
（3）Main business（Production）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
Property and rental income 42,508,499.39 11,661,028.64 42,456,703.52 11,261,896.10
116
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Textile income 10,804,712.03 9,549,593.59 10,150,142.39 8,055,670.24
Polaroid income 257,413,858.13 252,952,732.73 289,933,587.18 276,663,814.81
Trade income 158,919,558.30 158,041,576.68 231,978,740.01 230,103,752.45
Total 469,646,627.85 432,204,931.64 574,519,173.10 526,085,133.60
（4）Main Business（Area）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
Domestic 189,871,009.40 140,472,543.68 153,551,297.76 106,912,591.58
Oversea 279,775,618.45 291,732,387.96 420,967,875.34 419,172,542.02
Total 469,646,627.85 432,204,931.64 574,519,173.10 526,085,133.60
（5）Operating income from top five clients
In RMB
Name Business Income Proportion(%)
Client 1 158,294,543.30 33.56%
Client 2 70,725,854.49 15.00%
Client 3 21,228,951.42 4.50%
Client 4 13,421,472.00 2.85%
Client 5 13,134,261.24 2.78%
Total 276,805,082.45 58.69%
34. Business tax and subjoin
In RMB
Items Same period of the Standard
Report period previous year
2,353,361.25 2,415,244.05
Business tax
176,137.63 207,575.29
Urban construction tax
125,812.42 201,206.64
Education surcharge
895,622.52 1,467,127.34
House tax
33,207.92 272,303.36
Other
3,584,141.74 4,563,456.68 --
Total
117
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
35. Sales expenses
In RMB
Items Amount of current period Amount of previous period
Wage 1,348,613.40 1,088,745.06
Welfare 81,776.38 49,887.42
Exhibition fee 231,813.33 81,001.00
Office expenses 15,889.54 12,788.40
Travel expenses 197,026.14 179,468.78
Business entertainment 385,513.00 364,060.13
Automobile fee 57,992.29 57,093.35
Transportation changes 1,683,806.33 1,193,012.10
Sales expenses 924,962.64 802,280.38
Other 174,108.99 268,389.58
Total 5,101,502.04 4,096,726.20
36. Administrative expenses
In RMB
Items Amount of current period Amount of previous period
Wage 10,967,426.55 11,281,015.87
Welfare 1,155,557.04 1,309,770.93
Union funds 322,344.47 330,465.48
Employee education expenses 507,888.41 181,390.76
Housing fund 968,324.34 1,015,456.05
Social security 2,286,831.11 1,903,677.54
Labor protection costs 91,076.00 149,772.70
Tax 728,324.32 606,701.71
Insurance expenses 170,669.59 222,968.86
Depreciation of fixed assets 2,498,882.22 2,540,541.61
Amortization of intangible assets 1,144,192.04 1,142,195.16
Amortization of long-term deferred
70,090.82 34,490.82
expenses
Traffic fee 415,775.98 569,461.95
Office expenses 894,222.62 1,220,878.19
Postal fees 377,293.29 331,497.44
118
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
R& D costs 36,362,478.26 45,107,185.59
Repairs fees 199,501.61 334,968.20
Water and electricity 374,199.89 354,467.97
Auto expenses 294,312.89 416,861.90
Travel Expenses 533,424.37 439,430.63
Audit expenses 1,268,189.47 2,107,024.15
Entertainment expenses 887,353.84 966,110.60
Low consumables amortization 141,282.50 97,252.30
Transport fees 419,530.36 373,783.60
Other 1,585,529.54 2,676,482.62
Total 64,664,701.53 75,713,852.63
37. Financial Expenses
In RMB
Items Amount of current period Amount of previous period
Interest expenses 4,983,644.27 5,172,249.94
Interest income -14,736,625.14 -7,399,019.07
Exchange loss 2,676,839.12 -12,010,728.31
Fees and other 243,521.07 308,249.87
Total -6,832,620.68 -13,929,247.57
38. Investment income
（1）Investment income
In RMB
Items Amount of current period Amount of previous period
Incomes from disposal of Long-term cost
2,487,818.57 2,017,830.85
investment
Incomes from disposal of long-term equity
541,081.40 421,730.17
investment
Investment income from financial assets sales 16,994,763.49 19,468,746.45
Total 20,023,663.46 21,908,307.47
（2）Long-term equity investment income by costing
In RMB
Amount of current period Amount of previous
Name Reason to increase or decrease
period
119
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Shenzhen Dailishi Underwear Co., Ltd. 396,875.00 400,000.00
Anhui Huapeng Textile Co., Ltd. 900,000.00 900,000.00
Shenzhen Xinfang Knitting Co., Ltd. 112,000.00 80,000.00
Shenzhen Tongyi Silk Co., Ltd. 657,113.57 637,830.85
Hongkong Yehui International Co., Ltd. 421,830.00
Total 2,487,818.57 2,017,830.85 --
（3）Long term equity investment confirmed by equity ethod include：
In RMB
Name Amount of current period Amount of previous Reason to increase or decrease
period
Shenzhen Haohao Property Leasing
262,829.16 275,108.09
Co., Ltd.
Shenzhen Xieli Automobile Co., Ltd. 143,689.17 181,327.70
Shenzhen Changlianfa Printing and
14,603.39 -34,079.89
dyeing Company
Jordan Garment Factory 119,959.68 -625.73
Total 541,081.40 421,730.17 --
Statement on investment gains, please state whether or not there are material constrains on retrieving of
investment gains.
In the report period, the company has no big restriction on the investment earning repatriation.
39. Loss of assets impairment
In RMB
Items Amount of current period Amount of previous period
I .Losses for bad debts -4,765,132.13 2,280,892.48
II. Losses for falling price of inventory 9,959,463.92 4,304,661.60
Total 5,194,331.79 6,585,554.08
40. Non-operating income
（1）Non-operating income
In RMB
Amount of current period Amount of previous period The amount of non-
Items
operating gains & lossed
Total income from liquidation of non-
52,776.17 52,776.17
current assets
120
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Including：Income from liquidation of
52,776.17 52,776.17
fixed asset
Government Subsidy 5,693,784.01 5,645,436.24 5,693,784.01
Other income 196,599.56 331,182.75 196,599.56
Total 5,943,159.74 5,976,618.99 5,943,159.74
（2）Government subsidy rec koned into current gains/losses
In RMB
Assets-related/income - Non-recurring
Items Amount of this period Amount of last period
related gains/losses(Y/N)
Amortization of
government research and 3,954,990.00 3,954,990.00 Related to assets Yes
development grants
Amortization of high-
tech industrialization
100,000.00 100,000.00 Related to assets Yes
demonstration project
matching funds
New-style
industrialization of flat
panel display
500,000.00 500,000.00 Related to assets Yes
amortization of State
subsidy funds for special
projects
Shenzhen municipal
financial transfer loan 120,972.24 96,822.24 Related to assets Yes
amortization of discount
Futian district industrial
development special fund 32,000.00 101,400.00 Related to profit Yes
subsidies
Amortization of grant
funds for phase-I Narrow
250,000.00 240,000.00 Related to assets Yes
line project of polarizer
for TFT-LCD TFT-LCD
Special subsidy and
booth subsidy for the
development of small 20,460.00 52,224.00 Related to profit Yes
and medium enterprises
in Shenzhen
Amortization of subsidy 649,999.98 600,000.00 Related to assets Yes
121
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
for the industrialization
project of polarizer for
TFT-LCD
Amortization of purchase
of imported equipment 65,361.79 Related to assets Yes
and technology grants
Total 5,693,784.01 5,645,436.24 -- --
41. Non-Operation expense
In RMB
Amount of current period Amount of previous The amount of non-
Items
period operating gains & lossed
Total of non-current asset Disposition loss 3,638.02 3,638.02
Including: Disposition loss of Fixed assets 3,638.02 3,638.02
Donation expenses 10,000.00
Other 113.60 113.60
Total 3,751.62 10,000.00 3,751.62
42. Income tax expenses
In RMB
Items Amount of current period Amount of previous period
The current income tax calculated by the tax law and
9,458,456.41 8,344,328.75
the relevant regulations
Adjustment of Deferred income tax 3,922,769.40 -1,024,440.55
Total 13,381,225.81 7,319,888.20
43. Calculation of Basic earnings per share and Diluted earnings per share
（1）Calculating formula of income per share:
Basic earnings per share=P/（S0＋S1＋Si×Mi÷M0– Sj×Mj÷M0-Sk）
Dilute earning per share=P1/(S0 ＋ S1 ＋ Si×Mi÷M0–Sj×Mj÷M0–Sk+ common stock weighted average of
subscription warrant, stock option, transferable bond))
（2）Calculating process of income per share
Basic earnings per share belonging to common stock shareholder in the first half of 2014=-
21,644,510.10/506,521,849 = -0.04 RMB/Share
Basic earnings per share belonging to common stock shareholder deducted non-recurring gains and losses in
the first half of 2014=-40,297,886.93/506,521,849 = -0.08 RMB/Share
Dilute earning per share belonging to common stock shareholder in the first half of 2014=-
21,644,510.10/506,521,849 = -0.04 RMB/Share
Dilute earning per share belonging to common stock shareholder deducted non-recurring gains and losses in
the first half of 2014=-40,297,886.93/506,521,849= -0.08 RMB/Share
122
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
44. Other comprehensive income
In RMB
Items Amount of current period Amount of previous period
1.Loss amount produced by sellable financial assets 1,863,552.00 11,992,591.42
Less：Deduct: income tax infection produced by sellable
465,888.00 2,998,147.86
financial assets
Net amount transferred into profit and loss at current period
that reckoned into other comprehensive income at former 12,707,013.00 10,525,804.39
period
Subtotal -11,309,349.00 -1,531,360.83
Total -11,309,349.00 -1,531,360.83
45. Notes Cash flow statement
1. Other cash received from business operation
In RMB
Items Amount
Government Subsidy 15,143,881.00
Bank deposit interest income and other 18,236,358.99
Total 33,380,239.99
Notes
2.Other cash paid for business activities
In RMB
Items Amount
Research & development expenses 2,552,672.99
Office expenses 910,112.16
Business hospitality 1,272,866.84
Transportation expnses 415,775.98
Travel fee 730,450.51
Transporation expenses 2,103,336.69
Agency Fee 1,268,189.47
Post and Communication fee 377,293.29
Insurance premium 170,669.59
Water and electricity fee 374,199.89
Repair feee 199,501.61
123
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Exhibition expenses 231,813.33
Other 3,154,685.87
Total 13,761,568.22
.3. Cash received related to other investment activities
In RMB
Items Amount
Structure deposit and income 102,522,651.09
Total 102,522,651.09
4.Cash paid related to other investment activities
In RMB
Items Amount
Deposited in the fixed deposit account 500,000.00
Total 500,000.00
46. Supplement Information for cash flow statement
（1）Supplement Information for cash flow statement
In RMB
Supplement Information Amount of current period Amount of previous period
I. Adjusting net profit to cash flow from operating activities -- --
Net profit -21,644,510.10 -8,041,264.26
Add: Impairment loss provision of assets 5,194,331.79 6,585,554.08
Depreciation of fixed assets, oil and gas assets and
39,229,163.04 38,988,535.82
consumable biological assets
Amortization of intangible assets 1,144,192.04 1,167,317.88
Amortization of Long-term deferred expenses 265,693.02 255,514.63
Loss from Fixed assets Discard 3,638.02
Financial cost 4,983,644.27 5,172,249.94
Loss on investment -20,023,663.46 -21,908,307.47
Decrease of deferred income tax assets 3,922,769.40 -461,268.55
Increased of deferred income tax liabilities -56,153,854.51 888,213.05
Decrease of inventories -22,608,337.57 -68,579,593.06
Decease of operating receivables -55,907,289.43 -61,865,097.34
Increased of operating Payable 31,044,959.16 50,846,462.75
Net cash flows arising from operating activities -90,549,264.33 -56,951,682.53
124
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
II. Significant investment and financing activities that
-- --
without cash flows:
III. Net Change of cash and cash equivalents -- --
Ending balance of cash 1,052,128,739.88 739,281,617.95
Less: Beginning balance of cash equivalents 943,913,951.68 227,189,754.43
Net increase of cash and cash equivalents 108,214,788.20 512,091,863.52
(2) Relevant information about obtaining/disposal of subsidiary and other business unit in report period
In RMB
Supplementary information Amount of this period Amount of last period
1. Relevant information about obtaining subsidiary and
-- --
other business units
II.Relevant information about disposal of subsidiary
-- --
andother business units
2 ． Disposal of the cash and cash equivalents of subsidiarie
100,386,000.00
s and other business units
3．Disposal of net cash from subsidiaries and other busines
100,386,000.00
s units
（3）Composition of cash and cash equivalents
In RMB
Items Year-end balance Year-beginning balance
I. Cash 1,052,128,739.88 943,913,951.68
Of which: Cash in stock 74,347.00 85,537.12
Bank savings could be used at any time 1,051,628,136.83 941,362,518.21
Other monetary capital could be used at any time 426,256.05 2,465,896.35
III. Balance of cash and cash equivalents at the period end 1,052,128,739.88 943,913,951.68
VIII. Related parties and related-party transactions
1. Parent company information of the enterprise
The parent The
The parent
company ultimate
Legal company Organizati
Related Registered Registered of the controlling
Name Type representat Nature of the on Code
parties address capital Company's party of
ive Company’
shareholdi the
s vote ratio
ng ratio Company
125
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
State- Shenzhen State-
owned owned
enterprise Assets
Shenzhen RMB Supervisio
Controling
Investment Fan 10925.990 n and 76756642-
shareholde Investment 46.21% 49.39%
Holdings Mingchun 674 Administra 1
r
Co.,Ltd. milliobn tion
Commissi
on of
Shenzhen
Parent company information of the company
The company is authorized and approved to be state-owned independent company by Shenzhen Government, and
it Executes financial contributor function on state-owned enterprise within authorization scope.
2.Particulars of the subsidiaries
The
The
subsidiaries
Legal subsidiaries Organizatio
Related Registered Registered of the
Name Type representati Nature of the n Code
parties address capital Company's
ve Company’s
shareholdin
vote ratio
g ratio
Domestic
Shenzhen
wholly Limited commerce, 2,360,000.0
Lisi 100.00% 100.00% 192180180
owned Liability Shenzhen Zhu Meizhu materials
Industrial 0
subsidiary Company supply and
Co., Ltd.
sales
Accommod
Shenzhen wholly Limited ation, 10,005,300.
Huaqiang owned Liability Shenzhen Zhu Jun restaurants, 100.00% 100.00% 19223330X
00
Hotel subsidiary Company business
center;
Shenfang
wholly Limited Property 1,600,000.0
Property Zhang 100.00% 100.00% 192225051
owned Liability Shenzhen Managemen
Managemen Hong 0
subsidiary Company t
t Co., Ltd.
Production
Shenzhen
of fully
Beauty wholly Limited 25,000,000.
Zhang electronic 100.00% 100.00% 741231236
Century owned Liability Shenzhen
Hong jacquard 00
Garment subsidiary Company
knitting
Co., Ltd.
whole shape
Shenzhen
Operating
Shenfang wholly Limited 5,000,000.0
Zhang import and 100.00% 100.00% 728563236
Import & owned Liability Shenzhen
Hong export 0
export Co., subsidiary Company
business
Ltd.
Shenzhen wholly Limited 300,000,000
Shengbo owned Liability Shenzhen Zhu Jun Operating 100.00% 100.00% 618877007
Ophotoelect subsidiary Company import and .00
ric export
126
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Technology business
Co., Ltd
Wholly
Shengtou Production
owned Zhumeizhu,
（ HK ） Hongkong and sales of HKD10000 100.00% 100.00%
Grandson Liu Honglei
Co., Ltd. polarizer
Company
3. Joint-venture and affiliated enterprises information of the company
Legal Share
Invested Enterprise Registration Business Registered vote right Affiliation Organizatio
representati holding
unit name type Place character capital ratio(%) relation n code
ve ratio(%)
I. Joint enterprise
Shenzhen
Haohao
HKD10 Joint
Property Shenzhen Feng Junbin Service 50.00% 50.00% 61881295-9
milllion enterprise
Leasing Limited
Co., Ltd. Company
Shenzhen
Xieli Manufacturi RMB Joint
Shenzhen Ye Yongling 50.00% 50.00% 618801838
Automobile Limited ng 3.12million enterprise
Co., Ltd Company
II. Affiliated enterprise
Shenzhen
Changlianfa RMB
Affiliated
Printing and Shenzhen Zhu Meizhu Serivice 6.47millio 40.25% 40.25% 618865073
enterprise
dyeing Co., Limited n
Ltd. Company
Jordan Jordan
Chen Manufacturi USD1 Affiliated
Garment Limited 35.00% 35.00%
Wenxian ng million enterprise
Factory Company
Hengshun Saipan
(Saipan) Manufacturi USD6.96 Affiliated
--- 35.00% 35.00%
Industry Limited ng million enterprise
Co., Ltd. Company
4.Other Related parties information of the enterprise
Other Related parties name Relation of other Related parties with the
Organization code
company
Shenzhen Shenchao Technology
Subject to the same party controls
Investment Co., Ltd.
Shenzhen Tianma Microelectronics Co., The Company director and general
Ltd. manager is the company director
127
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Shenzhen Xiangjiang Trade Co., Ltd. Sharing Company
Shenzhen Xinfang Knitting Co., Ltd. Sharing Company
Shenzhen Dailishi Underwear Co., Ltd. Sharing Company
Anhui Huapeng Textile Co., Ltd. Sharing Company
5. Related transactions.
（1）Statement of commodity purchased and labor service received
In RMB
Amount in current period Amount in last period
Content of related Pricing principle of
Related parties Proportio Proportio
transaction related transactions Amount Amount
n（%） n（%）
None
Statement of commodity sales and labor service provided
In RMB
Amount in current period Amount in last period
Content of related Pricing principle of
Related parties Proportio Proportio
transaction related transactions Amount Amount
n（%） n（%）
Shenzhen Tianma
Microelectronics Sales polarizer sheet Agreement price 1,792,448.90 0.56% 2,065,075.16 0.69%
Co., Ltd.
（2）Other related transfernce
For the construction of the project of polarizer for TFT-LCD, the Company signed Entrusted Loan Contract
with Shenzhen Shenchao Technology Investment Co., Ltd. and Shenzhen Jiangsu Building Sub-branch of
Shenzhen Development Bank Co., Ltd. in 2010. According to the contract, Shenzhen Shenchao Technology
Investment Co., Ltd. entrusted Shenzhen Jiangsu Building Sub-branch of Shenzhen Development Bank Co., Ltd.
to extend a loan of RMB 200 million to the Company. The term of the loan is 108 months from the day when the
first installment of entrusted loan is transferred to the account of the Company. The interest rate of the entrusted
loan is the rate of commercial loans with a term of 5 years quoted by People's Bank of China minus 2%. In case of
adjustment of such commercial loan rate, the rate of commercial loans with a term of 5 years after adjustment
minus 2% shall apply as interest rate of entrusted loan from the first day of the next month after the adjustment of
basic interest rate. As of June 30, 2014, The Company actually received a loan of RMB 200 million.
6. Payables and receivables of the related party
Listed company related party fund
In RMB
Name Related party Amount at year end Amount at year beginning
128
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Balance of Book Bad debt Provision Balance of Book Bad debt Provision
Shenzhen Tianma
Account receivable Microelectronics Co., 1,039,958.56 51,997.93 887,896.60 44,394.83
Ltd.
Shenzhen Dailishi
Other Account receivable -534,331.98 256,373.58 12,818.68
Underwear Co., Ltd.
Anhui Huapeng
Other Account receivable 2,700,000.00 135,000.00 1,800,000.00 90,000.00
Textile Company
The listed company Payables of the related party
In RMB
Name Related party Amount at year end Amount at year beginning
Shenzhen Xinfang Knitting
Other payable 244,789.85 216,789.85
Co., Ltd.
Shenzhen Xiangjiang Trade
Other payable 40,000.00 40,000.00
Co., Ltd.
Shenzhen Changlianfa
Other payable 584,644.49 684,824.46
Printing and dyeing Co., Ltd.
Shenzhen Hengsheng
Other payable 1,367,940.67 1,367,940.67
Investment Co., Ltd.
Shenzhen Haohao Property
Other payable 3,129,489.85 3,353,868.07
Leasing Co., Ltd.
Shenzhen Shenchao
Interest payable Technology Investment Co., 28,546,181.29 23,970,903.52
Ltd.
IX. Subsequent events
1. Contingent liability and its financial influence formed by un-settle lawsuits or arbitration
During the reporting period, the company received the No.28 respondent notice issued by Shenzhen
Intermediate People's Court (2014) Foreign legislation, the plaintiff association of Hong Kong Xieli Automobile
Co., Ltd liability disputes has been formally accepted. The company as the first defendant, Shenzhen Xieli
Automobile Co., Ltd. was the second defendant. The plaintiff requested: 1, the economic loss of tort liability by
the total amount of RMB 31.8579 million; 2, the second defendant involved in joint liability of the amount of
compensation; 3, the litigation fee paid by two co-defendants. Currently the case was in process, the company
temporarily unable to determine the impact of the litigation on the company's profit in current or future period.
129
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
X. Commitment events.
1. Material commitments
N/A
2. Commitments made previously
N/A
XI. Post-balance-sheet events
1. Explanation on major event after balance sheet date
In RMB
Profits or dividends to be allocated 0.00
Profits or dividends announced to allocate after approval 0.00
XII. Other Important events
1. Non-monetary assets exchange
N/A
2. Debt reorganization
N/A
3. Enterprise combination
N/A
4. Leasing
N/A
5. Financial instrument issued outside and convertible to shares in report period
None
6. Assets and liability measured by fair value
In RMB
Gains and losses Accumulative
Provision for
Amount at the from change of fair change of fair value Amount at the end
Items impairment made in
beginning of period value in current accounted for as of period
current period
period rights and interests
Financial assets
3.Trading financial assets 41,829,021.22 -17,485,074.01 24,343,947.21
Subtotal of Financial
41,829,021.22 -17,485,074.01 24,343,947.21
assets
Total 41,829,021.22 -17,485,074.01 24,343,947.21
130
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Financial liability 0.00 0.00
XIII. Notes s of main items in financial reports of parent company
1.Other receivables
（1）Other receivables
In RMB
Year-end balance Year-beginning
Provision for bad
Book balance Provision for bad debts Book balance
debts
Classification
Propo Propo Propo Propo
Amount rtion( Amount rtion( Amount rtion( Amount rtion(
%) %) %) %)
Other Receivables with
major individual amount and 14.20 100.0 100.0
11,981,464.60 11,981,464.60 11,981,464.60 6.41% 11,981,464.60
bad debt provision provided % 0% 0%
individually
Other Receivables provided bad debt provision in groups
85.43 93.42
Account age group 72,097,478.08 6,988,897.18 9.69% 174,647,803.08 12,116,413.43 6.94%
% %
85.43 93.42
Subtotal of group 72,097,478.08 6,988,897.18 9.69% 174,647,803.08 12,116,413.43 6.94%
% %
Other Account receivable
with minor individual 100.0 100.0
311,486.35 0.37% 311,486.35 311,486.35 0.17% 311,486.35
amount but bad debt 0% 0%
provision is provided
Total 84,390,429.03 -- 19,281,848.13 -- 186,940,754.03 -- 24,409,364.38 --
Category explanation of other accounts receivable:
Receivables with significant individual amount and provision made for individual item refers to customer
accounts receivable with single amount more than 0.5 million, its provision for impairment will be made based on
specific identification method. For receivables without significant individual amount, after deducting those parts
which had conducted individual impairment test for its obvious difference in collectability with concrete evidence,
making group by aging with character of credit risks and making provision for impairment based on aging
analysis method. The receivables made provision for impairment without significant individual amount refers to
those receivables which has obvious difference in collectability with concrete evidence, its provision will be made
based on specific identification method.
Other receivable accounts with major amount but on which bad debt provisions are provided individually at end
131
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
of period
√Applicable □not Applicable
In RMB
Name Book balance Bad debts Provision proportion% Reason of provision
Single amount
11,981,464.60 11,981,464.60 100.00% Unable to recover
importance
Total 11,981,464.60 11,981,464.60 -- --
Using age methods to provision for bad debts of account receivable in group：
√Applicable □not Applicable
In RMB
Year-end balance Year-beginning balance
Book Balance Book Balance Provision for bad
Age Provision for bad
Proporti Proporti debts
debts
Amount on% Amount on%
Within 1 year
Including： -- -- -- -- -- --
Subtotal of
64,506,048.58 89.47% 3,225,302.43 167,056,373.58 95.65% 8,352,818.68
Withn 1 year
1-2 years 160,600.00 0.22% 48,180.00 160,600.00 0.09% 48,180.00
2-3 years 7,430,829.50 10.31% 3,715,414.75 7,430,829.50 4.26% 3,715,414.75
Over 3 years 43,800.00 0.06% 21,900.00 43,800.00 0.03% 21,900.00
3-4 years 7,377,029.50 10.23% 3,688,514.75 7,377,029.50 4.22% 3,688,514.75
Over 5 years 10,000.00 0.02% 5,000.00 10,000.00 0.01% 5,000.00
Total 72,097,478.08 -- 6,988,897.18 174,647,803.08 -- 12,116,413.43
Using percentage balance method of provision for bad debts of other account receivable in group：
□Applicable√ Not applicable
Using other methods to provision for bad debts of other account receivable in group：
□Applicable√ Not applicable
Separate amount is not large, the account receivable with big combination risk after combined via risk character:
√Applicable□ Not applicable
In RMB
Content Book balance Provision for bad debts Allotment rate Reason
Single amount not 311,486.35 311,486.35 100.00% Unable to recover
132
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
importance
Total 311,486.35 311,486.35 -- --
（2）Switch back or regain of the other account receivable in the reporting period
In RMB
Accumulated provision
Basis for determination
Reason for reversal of of bad debt reserve Amounts reversed or
Contents of original bad debt
recovery before reversal or recovered
reserve
recovery
None
Provision for bad debt reserve for account receivable with sigle significant or minor amount but tested for
impairment separately asatperiod-end
In RMB
Contents of account
Book balance Bad debt amount Provision proportion(%) Reason
receivables
Single amount
11,981,464.60 11,981,464.60 100.00% Unable to recover
importance
Single amount not
311,486.35 311,486.35 100.00% Unable to recover
importance
Total 12,292,950.95 12,292,950.95 -- --
(3) Account receivables actually written-off during the reporting period
In RMB
Name of the Nature of account Reason for write- Arising from related
Time of write-off Amount written off
company receivables off transactions (Y/N)
Explanation for write-off of account receivables:
N/A
(4)Account receivables due from the shareholders holding 5% or above voting shares of the Company during the
reporting period
In RMB
Period-end Period-begin
Name of the Company Bad debt provision Bad debt provision
Book balance Book balance
accrual accrual
N/A
133
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
(6) Top 5 account receivable
In RMB
Relation with the Portion in total other
Name Amount Ages
Company receivables (%)
Shenzhen Shengbo
Optelectric Technology Subsidiary 57,000,000.00 Within 1 year 67.54%
Co., Ltd.
Jiangxi Xuanli String
Non-related parties 11,389,044.60 4-5 years 13.50%
Co., Ltd.
Shenzhen Shenfang
Imports & exports Co., Subsidiary 7,168,680.72 4-5 years 8.50%
Ltd.
Shenzhen Beauty
Century Garment Co., Subsidiary 5,000,000.00 Within 1 year 5.92%
Ltd.
75,600.00 2-3 years 0.09%
Anhu Huapeng Textile
Related parties 2,700,000.00 Within 1 year 3.20%
Co., Ltd.
Total -- 83,333,325.32 -- 98.75%
（6）Other account receivables due from related parties
In RMB
Unit name Relation with the company Amount Percentage of account receivable
Shenzhen Shengbo Optelectric
Subsidiary 57,000,000.00 67.54%
Technology Co., Ltd.
Shenfang Imports & exports
Subsidiary 7,168,680.72 8.50%
Co., Ltd.
Shenzhen Beauty Century
Subsidiary 5,075,600.00 6.01%
Garment Co., Ltd.
Anhui Huapeng Textile Co.,
Sharing Company 2,700,000.00 3.20%
Ltd.
Total -- 71,944,280.72 85.25%
（7）Transferring amount is 0 Yuan for accounts receivable not conforming to terminate the confirmation
2.Long-term equity investments
In RMB
Accounti Initial Sharehold Voting Explanati
Original Ending Current Cash
Name ng investmen change ing right on of Devalue
balance Balance devalue bonus
method t cost proportio proportio diffidence
134
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
n in the n in the between
investee investee sharehold
ing
proportio
n and
voting
right
proportio
n in
investee
Shenzhen
Jintian
Cost 14,831,68 14,831,68 14,831,68 14,831,68
Industry 3.68% 3.68%
method 1.50 1.50 1.50 1.50
(Group)C
o., Ltd.
Shenzhen
Haohao -
Equity 2,040,102 3,662,282 3,450,733
PropertyL 211,549.0 50.00% 50.00%
method .73 .82 .77
easing 5
Co., Ltd.
Shenzhen
Xieli
Equity 1,529,483 3,324,699 143,689.1 3,468,388 266,654.9
Automobi 50.00% 50.00%
method .67 .56 7 .73 9
le Co.,
Ltd.
Shenzhen
Changlia
nfa
Equity 2,524,500 1,758,451 1,773,054
Printing 14,603.39 40.25% 40.25%
method .00 .34 .73
and
dyeing
Company
Jordan
7,240,625 2,856,402 119,959.6 2,976,362
Garnent Equity 35.00% 35.00%
.00 .65 8 .33
Factory method
Hengshun
（ Saipan
Equity 8,228,350
） 35.00% 35.00%
method .00
Industry
Co., Ltd.
Shenzhen
Cost 40,500,00 1,716,663 1,716,663 100.00% 100.00%
Shengbo
135
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
optoelectr method 0.00 ,070.03 ,070.03
onic
Technolo
gy Co.,
Ltd.
Shenzhen
Lisi Cost 6,666,132 8,073,388 8,073,388
90.68% 100.00%
Industrial method .60 .25 .25
Co., Ltd.
Shenzhen
Beauty
Cost 30,867,40 30,867,40 30,867,40 2,167,431
Centruty 100.00% 100.00%
method 0.00 0.00 0.00 .21
Garment
Co., Ltd.
Shenzhen
Shenfang
Cost 6,299,700 6,299,700 6,299,700
Import & 100.00% 100.00% 82,156.61
method .00 .00 .00
Export
Co., Ltd.
Shenzhen
Cost 14,623,00 15,489,35 15,489,35
Huaqiang 95.00% 100.00%
method 3.00 1.08 1.08
Hotal
Shenfang
Property
Cost 1,600,400 1,713,186 1,713,186
Managem 93.75% 100.00%
method .00 .55 .55
ent Co.,
Ltd.
Shenzhen
Jiafeng Cost 16,800,00 16,800,00 16,800,00 16,800,00
10.80% 10.80%
Textile method 0.00 0.00 0.00 0.00
Co., Ltd.
Shenzhen
Guanhua
Pruting Cost 5,491,288 5,491,288 5,491,288 5,058,307
45.00% 45.00%
and method .71 .71 .71 .01
dyeing
Co., Ltd.
Union
Develop Cost 2,600,000 2,600,000 2,600,000
2.87% 2.87%
ment method .00 .00 .00
Group
136
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Co., Ltd.
Shenzhen
Xiangjian Cost 160,000.0 160,000.0 160,000.0
20.00% 20.00%
g Trade method 0 0 0
Co., Ltd.
Shenzhen
Xinfang Cost 524,000.0 524,000.0 524,000.0 112,000.0
20.00% 20.00%
Knitting method 0 0 0 0
Co., Ltd.
Hongkon
g Yehui
Cost 2,392,914 2,392,914 2,392,914 421,830.0
Internatio 17.85% 17.85%
method .37 .37 .37 0
nal Co.,
Ltd.
Shenzhen
Dailishi
Cost 532,062.5 2,559,856 2,559,856 786,200.0
Underwe 30.00%
method 0 .26 .26 0
ar Co.,
Ltd.
Anhu
Huapeng Cost 25,000,00 25,410,20 25,410,20
50.00%
Textile method 0.00 9.50 9.50
Co., Ltd.
190,451,6 1,861,477 1,861,544 39,206,23 1,320,030
Total -- 66,703.19 -- -- --
44.08 ,882.62 ,585.81 1.32 .00
Notes
Shenzhen Dailisi underwear Co., Ltd. and Anhui Huapeng textile Co., Ltd. had adopted outsourcing for
contractual operation.
3. Business income and Business cost
（1）Business income
In RMB
Items Amount of current period Amount of previous period
28,848,917.44 28,654,762.09
Income from Business income
1,806,431.00 1,828,836.96
Other Business income
Total 30,655,348.44 30,483,599.05
Cost from Business cost 5,529,444.88 6,096,505.49
137
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
（2）Main business（Industry）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
28,848,917.44 3,723,013.89 28,654,762.09 4,267,668.53
Rental
28,848,917.44 3,723,013.89 28,654,762.09 4,267,668.53
Total
（3）Main business（Production）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
28,848,917.44 3,723,013.89 28,654,762.09 4,267,668.53
Rental income
28,848,917.44 3,723,013.89 28,654,762.09 4,267,668.53
Total
（4）Main business（Area）
In RMB
Amount of current period Amount of previous period
Name
Business income Business cost Business income Business cost
28,848,917.44 3,723,013.89 28,654,762.09 4,267,668.53
Shenzhen
28,848,917.44 3,723,013.89 28,654,762.09 4,267,668.53
Total
（5）Total income and the ratio of operating income from top five clients
In RMB
Name Business Income Proportion(%)
Client 1 13,486,645.50 44.00%
Client 2 889,440.00 2.90%
Client 3 711,302.28 2.32%
Client 4 574,200.00 1.87%
Client 5 538,974.00 1.76%
138
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Total 16,200,561.78 52.85%
4. Investment income
(1) Details of investment income
In RMB
Items Amount of current period Amount of previous period
Income from long-term equity investment measured by
1,830,705.00 24,115,950.89
adopting the cost method
Income from long-term equity investment measured by
541,081.40 421,730.17
adopting the Equity method
Hold the investment income during from available-for-sale
16,994,763.49 19,468,746.45
financial assets
Total 19,366,549.89 44,006,427.51
（2）Long term equity investment calculated to cost method：
In RMB
Name Amount of current Amount of previous Change cause
period period
Shenzhen Shenfang Property Management
676,276.28 Subsidiary Profit distribution
Co., Ltd.
Shenzhen Huaqiang Hotel Co., Ltd. 5,096,339.42 Subsidiary Profit distribution
Shenzhen Dailishi Industry Development
11,028,068.57 Subsidiary Profit distribution
Co., Ltd.
Shenzhen Jinlan Decorative Articles
5,935,266.62 Subsidiary Profit distribution
Industrial Co., Ltd.
Anhu Huapeng Textile Co., Ltd. 900,000.00 900,000.00
Shenzhen Dailishi Underwear Co., Ltd. 396,875.00 400,000.00
Shenzhen Xinfang Knitting Co., Ltd. 112,000.00 80,000.00
Hongkong Yehui International Co., Ltd. 421,830.00
Total 1,830,705.00 24,115,950.89 --
（3）Long term equity investment calculated via equity method
In RMB
Name Amount of current Amount of previous Cbange cause
period period
Shenzhen Haohao Property Leasing Co.,
262,829.16 275,108.09
Ltd.
Shenzhen Xieli Automobile Co., Ltd. 143,689.17 181,327.70
Shenzhen Changlianfa Printing & dyeing Company 14,603.39 -34,079.89
Jordan Garment Factory 119,959.68 -625.73
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Total 541,081.40 421,730.17 --
Notes
The company has no big restriction on the investment earning repatriation.
5. Supplement information of Cash Flow Statement
In RMB
Supplement information Amount of current period Amount of previous period
-- --
I. Adjusting net profit to cash flow from operating activities
31,582,639.62 45,548,330.24
Net profit
-5,108,721.37 -456,398.70
Add : Impairment loss provision of assets
Depreciation of fixed assets, oil and gas assets and
4,127,065.78 4,261,643.66
consumablebiological assets
302,272.04 300,275.16
Amortization of intanglble assets
-19,366,549.89 -44,006,427.51
Loss on investment
1,277,180.34 97,849.68
Decrease of deferred income tax assets
-56,153,854.51 888,213.05
Increase of deferred income tax assets
7,968,896.27 7,111,534.45
Decrease of operating receivable
6,001,270.40 1,897,479.52
Increase of operating receivables
Net cash flows arising from operating activities -29,369,801.32 15,642,499.55
II. Significant investment and financing activities that withoutcash
-- --
flows
3．Net Changes of cash and cash equivalents -- --
Ending balance of cash 454,165,302.55 269,387,555.45
365,620,681.34 33,906,151.53
Less: Beginning balance of cash equivalents
88,544,621.21 235,481,403.92
Net increase of cash and cash equivalents
XIV. Supplement information
1. Details of extraordinary gains and losses for the current report period
In RMB
Items Amount Notes
140
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
Gains/losses from the disposal of non-current asset (including the
-3,638.02
write-off that accrued for impairment of assets)
Govemment subsidy recognized in currentgain and loss(excluding
those closely related to the Company’s business and granted 5,693,784.01
under the state’s policies)
Except for effective hedge business relevant to normal
operationof the Company, gains and losses arising from fair value
change of tradable financial assets and tradable financial
16,994,763.49
liabilities, and investment income from disposal of tradable
financial assets, tradable financial liabilities and financial assets
available for sale
Other non-operating income and expenditure except for the
249,262.13
aforementioned ones
Less：Influenced amount of income tax 4,280,794.78
Total 18,653,376.83 --
Explain recognition reasons item-by-item if the government subsidy reckoned into current gains/losses was the
recurring gains/losses
□ Applicable√ Not applicable
2. Difference of the accounting data under accounting rules in and out of China
(1)Simultaneously pursuant to both Chinese accounting standards and international accounting standards
disclosed in the financial reports of differences in net income and net assets.
In RMB
Net profit attributable to the shareholders Net Assets attributable to the
of the listed company shareholders of the listed company
Amount in the Amount in the End of the reporting Beginning of the
reporting period previous period period reporting period
According to CAS -21,644,510.10 -8,041,264.26 2,264,892,718.01 2,297,846,577.11
Items and amount adjusted according to IAS
(2) Difference in Net profit and net Assets in the Financial Report as Disclosed Respectively according to the
Accounting standards Outside Mainland China and the Chinese Accounting Standards.
In RMB
Net profit attributable to the shareholders Net Assets attributable to the
of the listed company shareholders of the listed company
Amount in the Amount in the End of the reporting Beginning of the
reporting period previous period period reporting period
141
深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
According to CAS -21,644,510.10 -8,041,264.26 2,264,892,718.01 2,297,846,577.11
Items and amount adjusted according to IAS
N/A
(3)Note to the Difference in the Accounting Data based on the Accounting Standards of CAS and IAS.
N/A
3.Return on net assets and earnings per share
In RMB
Return on net assets . Earnings per share（RMB）
Profit of the report period
Weighted（%） Basic earnings per share Diluted gains per share
Net profit attributable to the Common stock
-0.95% -0.04 -0.04
shareholders of Company.
Net profit attributable to the Common stock
shareholders of Company after deducting of -1.77% -0.08 -0.08
non-recurring gain/loss.
4. The explanation of abnormal circumstance and reasons of items in major accounting statement.
1. The ending balance of payment in advance increased by RMB 35.0657 million and 166.73% over beginning of
period mainly due to the increase of export orders by the end of current period.
2. The ending balance of other receivable decreased by RMB 115.4486 million and 82.3% over beginning of
period mainly due to the transfer balance of 100% equity of Shenzhen Jinlan Decorative Supplies Industrial
Co.,Ltd.
3.The ending balance of Available for sale financial assets decreased by RMB17.4851 million and 41.8% over
beginning of period mainly due to the reduction of holding Victor Onward A stocks in this period;
4.The ending balance of construction in progress increased by RMB 22.9376 million and 436.46% over beginning
of period. These funds were mainly invested in the phase-II project of polarizer for TFT-LCD;
5. The ending balance of advance collections increased by RMB 31.2293 million and 98.6% over beginning of
period mainly due to increase of advances on sales for export trade the end of period.
6.The ending balance of Deferred income tax liabilities decreased by RMB56.1539 million and 93.23% over
beginning of period, Mainly due the termporary taxable difference formulated by the transfer income of the equity
of Shenzhen Jinlan Decorative Articles Industrial Co., Ltd.
7 Financial expenses increased by RMB7.0966 million and 50.95% over beginning of period,
mainly due to the depreciation of RMB, the decreased exchange profit resulted from increase of foreign exchange
losses compared with the same period last year.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
8..Income tax expenses in current period Increased by RMB 6.0613 million and 82.81% year on year ，Mainly
due to the reversal of deductible temporary differences in this period .
（9）Net cash flow generated by business operation in current period decreased by RMB 33.5976 million and
58.99% year on year, Mainly due to the payment of the transfer the income tax of Shenzhen Jinlan Decorative
Supplies Industrial Co. Ltd. .
10.Net cash flow generated by investment in current period increased by RMB 543.5756 million and 153.25%
year on year , Mainly due to receive equity balance and structured deposits of Shenzhen Jinlan Decorative
Supplies Industrial Co. Ltd. in this period.
11. Net cash flow generated by financing in current period decreased by RMB 914.8116 million and 99.02% year
on year，Mainly due to the non-public offering of shares over the same period last year, receive raised funds.
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深圳市纺织(集团)股份有限公司 2014 年半年度报告全文
X．Documents Available for Inspection
1. Accounting statement carrying the signatures and seals of the legal representative, person in charge of
accounting and person in charge of accounting organ;
2. The originals of all the Company’s documents and the original manuscripts of announcements publicly
disclosed on the newspapers designated by China Securities Regulatory Commission in the report period;
The above documents were completely placed at the office of Secretaries of the Board of Directors of the
Company.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
August 21, 2014
144
