深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2014
28 October 2014
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
1 Important notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Zhu Jun, 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 discrepancy 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 年第三季度报告全文
II.Main financial data and changes of shareholders
（1）Main accounting data and financial Index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not.
□ Yes √ No
As at the end of the Changed （%）over end of
As at the end of last year
reporting period prev. year
Gross assets（RMB） 2,915,138,176.98 2,851,759,735.91 2.22%
Net assets attributable to the
shareholders of the listed 2,249,443,931.72 2,297,846,577.11 -2.11%
company（RMB）
Increase/decrease Between beginning
over the same of the year to the Changed （%）over
Reporting period
period of last year end of the report end of prev. year
（%） period
Operating income（RMB） 342,049,067.34 35.74% 813,672,892.15 -1.77%
Net profit attributable to the
shareholders of the listed -16,558,015.23 -308.92% -38,202,525.33 -32,901.45%
company（RMB）
Net profit after deducting of
non-recurring gain/loss
attributable to the -23,552,101.75 -3.01% -63,849,988.68 -24.06%
shareholders of listed
company（RMB）
Cash flow generated by
business operation, net -- -- -65,328,497.17 46.01%
（RMB）
Basic earning per
-0.03 -250.00% -0.08 -29,409.40%
share(RMB/Share)
Diluted gains per
-0.03 -250.00% -0.08 -29,409.40%
share(RMB/Share)
Weighted average
-0.73% -1.17% -1.68% -1.67%
income/asset ratio（%）
Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Amount (Year-beginning to
Items Notes
the end of the report period.)
Non-current asset disposal gain/loss(including the write-off
53,428.15
part for which assets impairment provision is made)
Government subsidy recognized in current gain and
loss(excluding those closely related to the Company’s 12,732,501.05
business and granted 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 16,994,763.49
financial assets other than valid period value instruments
related to the Company’s common businesses
Other non-business income and expenditures other than the
191,371.43
above
Less：Amount of influence of income tax 4,324,600.77
Total 25,647,463.35 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies 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 recognized as recurring gain /loss/items 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 年第三季度报告全文
(II) Total number of shareholders and shareholding of top 10 shareholders by the end of the report
period
(1) Total number of common shareholders and shareholding of top 10 common shareholders by the end of the
report period
In Shares
Total number of shareholders at the end
20,739
of report period
Particular about shares held by top ten shareholders
Amount of
Pledging or freezing
Share tradable
Properties of
Shareholder name proportion Quantity shares with
shareholder Status of the
% Conditional Quantity
shares
held
Shenzhen
State-owned
Investment Holdings 46.21% 234,069,436 51,457,976
legal person
Co., Ltd.
Shenzhen Shenchao
State-owned
Technology 3.18% 16,129,032
legal person
Investment Co., Ltd.
Ningbo Yongqiang Domestic non
International Trade State-owned 0.46% 2,354,425
Co., Ltd. Legal person
Domestic natural
Sun Huiming 0.39% 1,996,347
person shares
Domestic natural
Xiao Ran 0.36% 1,837,100
person shares
Domestic natural
Sun Deliang 0.36% 1,819,100
person shares
Zhongrong
International Trust
Other 0.32% 1,624,800
Co., Ltd.－
Xingcheng No.1
Domestic natural
Luo Yan 0.28% 1,423,579
person shares
TUNG SHING
SECURITIES Foreign Legal
0.28% 1,404,700
(BROKERS) person
LIMITED
Domestic natural
Zheng Bangsheng 0.24% 1,203,800
person shares
Shareholding of top 10 shareholders of unrestricted shares
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Quantity of unrestricted shares held at Share type
Name of the shareholder
the end of the reporting period Share type Quantity
Shenzhen Investment Holdings Co., RMB Common
182,611,460 182,611,460
Ltd. shares
Shenzhen Shenchao Technology RMB Common
16,129,032 16,129,032
Investment Co., Ltd. shares
Ningbo Yongqiang International Trade RMB Common
2,354,425 2,354,425
Co., Ltd. shares
Foreign shares
placed in
Sun Huiming 1,996,347 1,996,347
domestic
exchange
RMB Common
Xiao Ran 1,837,100 1,837,100
shares
RMB Common
Sun Deliang 1,819,100 1,819,100
shares
Zhongrong International Trust Co., Ltd. RMB Common
1,624,800 1,624,800
－Xingcheng No.1 shares
RMB Common
Luo Yan 1,423,579 1,423,579
shares
Foreign shares
TUNG SHING SECURITIES placed in
1,404,700 1,404,700
(BROKERS) LIMITED domestic
exchange
Foreign shares
placed in
Zheng Bangsheng 1,203,800 1,203,800
domestic
exchange
Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned
subsidiary of Shenzhen Investment Holdings Co., Ltd. and a person
taking concerted action. Except this, the Company did not make sure
Explanation on associated relationship
whether there is relationship between the top ten shareholders holding
among the aforesaid shareholders
non-restricted negotiable shares and if they are persons taking concerted
action defined in Regulations on Disclosure of Information about
Shareholding of Shareholders of Listed Companies.
The Company Shareholder Luo Yan holds 0 shares through ordinary
Participation of top 10 unconditional
stock account, holds 1,423,579 shares of the Company through stock
common share shareholders in
account with credit transaction and guarantee of Guosen Securities Co.,
securities margin trading (if any)
Ltd.；The total amount is 1,423,579 shares.
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes √ No
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
No agreed re-purchasing is performed by the Company’s shareholders in the report period.
(2) Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable√ Not applicable
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
III Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as well as
reasons for the changes
√ Applicable □ Not applicable
1．Effect of amended accounting standards on our company's consolidated statements
According to the amended Accounting Standards For Enterprises No.2--Long-term Equity Investment, our
company does not have joint control right or significant influence on the invested companies, and there is no other
equity investment in which quotes, fair value can't be reliably measured in active market,so the business
accounting will based on Accounting Standards For Enterprises No.22, The company transferred the long-term
equity accounting at the end of September 2014 book value of investments 37.38 million RMB in to
available-for-sale Financial Asset account and adjust consolidated statements beginning of the year.
2. Particular about major changes from items of main accounting statements and financial indexes as well as
reasons.
（1）The Ending balance of bills receivable increased by RMB 16.8615 million and 88.6% over beginning of
period，mainly due to customers use bank acceptances for purchase;
（2）The ending balance of Accounts receivables increased by RMB 100.0614 million and 72.29% over beginning
of period ，mainly due to trade receivables increased in credit period;
（3）The ending balance of payment in advance increased by RMB57 .6096million and 273.92% over beginning
of period mainly due to the increase of export orders near the end of current period;
（4）The ending balance of Other receivables account decreased by RMB 121.4594 million and 86.59% over
beginning of period，mainly due to the transfer balance of 100% equity of Shenzhen Jinlan Decorative Supplies
Industrial Co.,Ltd.
（5）The ending balance of other current assets decreased by RMB 100 million and 100% over beginning of
period mainly due to return structured deposits;
（6）The ending balance of Available for sale financial assets decreased by RMB16.0065million and 38.27% over
beginning of period mainly due to the reduction of holding Victor Onward A stocks in this period;
（7）The ending balance of construction in progress increased by RMB30.0767 million and47.8% over beginning
of period. mainly due to investment in TFT-LCD polarizing film phase II project and building projects Guanhua
Building;
（8）The ending balance of Account payables increased by RMB108.9505million and 100.6% over beginning of
period. mainly due to procurement payments for suppliers increased;
（9）The ending balance of advance collections increased by RMB 54.4546 million and 171.93% over beginning
of period mainly due to increase of advances on sales for export trade the end of period;
（10）The ending balance of Deferred income tax assets decreased by RMB55.7842 million and 92.62% over the
beginning of period Mainly due the temporary taxable difference formulated by the transfer income of the equity
of Shenzhen Jinlan Decorative Articles Industrial Co., Ltd.;
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
（11）The ending balance of Undistributed profit decreased by RMB 38.2025 million and 30.56% over the
beginning of period, mainly due to the losses increased;
（ 12 ） Investment income in current period decreased by RMB30.2531 million and 60.47% year on
year mainly due to the investment income obtained from financial assets available for sale decreased;
（13）Non-operating income in current period decreased by RMB 6.4406 million and 33.16% year on year,
mainly due to the income from disposal of fixed assets decreased;
（14）The net cash flows from operating activities increased by RMB55.675 million and 46.01% year on year
mainly due to improve raw materials purchase management and inventory management, decrease cash payment
for purchasing;
（15）The net cash flows from investing activities increased by RMB524.7957 million and 151.76% year on year
mainly due to receive equity balance and structured deposits of Shenzhen Jinlan Decorative Supplies Industrial Co.
Ltd. in this period;
（16）The net cash flows from financing activities decreased by RMB 923.9804 million and 98.8% year on year
Mainly due to the non-public offering of shares over the same period last year, receive raised funds.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
√ Applicable □ Not applicable
The processing on cooperation with Nitto Denko and changing of use of fund raised.
Due to the quick changing of panel display industry's end-product, the original planed expanding of TFT-LCD
polaroid market have changed a lot, there will be no expected economic benefits if we continue to implement the
project planed. Our company held the fifth meeting of sixth session of board of directors on March 7, 2014,
reviewed and passed the Proposal About Changing Of The Use Of Raised Fund. The company planed to adjust the
product technology and equipment selection program, that would be Changing the original project into combined
the construction of TFT-LCD and AMOLED polaroid second phase renovation project(6# product line),
cooperation with leading company of Nitto Denko to produce new products in polaroid industry to meet the
demand in panel market in the future（details please refer to Announcement No.：2014-12）. On March 27,2014,
the proposal was presented to first meeting of the temporary general meeting of stockholders to consider, because
its holding company of Shenzhen Investment Holdings Co.,Ltd. was seeking transferee to plan a transfer its part
shares at that time, the shareholders considered that it is inappropriate to consider significant corporate matters in
general meeting and abstained in the vote, the proposal was not passed（details please refer to Announcement No.：
2014-21）. The construction project was suspended, and it can't achieve the planned progress.
During the reporting period, the Company discussed and negotiated with Nitto Denko on the new
cooperation ways and cooperation plans to built a more closed cooperation relationship based on the earlier stage
technology cooperation negotiation, but did not reach a agreement, so it is temporarily unable to carry out
project implementation materially. We will continued to talk to Nitto Denko on the new cooperation ways and
plans and prepare relating alternative offers.
Due to the changing of original planed fund in the process of investment project construction, the second phase of
funds investment was also not reached the scheme.
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Description of the website for
Description of provisional announcement Date of disclosing disclosing provisional
announcements
Resolutions of the 5th Meeting of the Sixth Board of
AnnouncementNo.:2014-12
Directors examine and approve the Proposal of Usage March 11, 2014
（http://www.cninfo.com.cn）
Adjustment of Raised Funds.
Resolutions of the first provisional shareholders’ general
AnnouncementNo.:2014-21
meeting in 2014 did not examine and approve the March 28, 2014
（http://www.cninfo.com.cn）
Proposal of Usage Adjustment of Raised Funds.
III．The commitments of the Company and its shareholders holding over 5% of the Company’s total shares in the
report year of extending to the report year from previous year.
√ Applicable □ Not applicable
Time of Period of
Commitm Fulfillme
Commitment Contents making commit
ent maker nt
commitment ment
Committed when the restricted-for-sale shares
from the shares 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
Shenzhen
Commitment reaches 5% within 6 months after the first Sustaine Under
Investment
on share decrease, they will disclose an announcement d and Fulfillme
Holdings
reform indicating the sale through the company within two effective nt
Co., Ltd.
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.
Commitment
in the
acquisition
report or the
report on
equity
changes
Commitment
made upon
the assets
replacement
Commitments Shenzhen The commitments during non-public issuanc Sustaine Under
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
made upon Investment e period in 2009 . Pursuant to the Letter of d and Fulfillme
issuance Holdings Commitment and Statement, Shenzhen Investment effective nt
Co., Ltd. Holdings Co., Ltd. and its wholly owned
subsidiary, subsidiaries 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 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 non-public issuanc
e period in 2012:1. Shenzhen Investment
Holdings, as the controlling shareholder of
Shenzhen Textile, currently hasn't 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
Shenzhen
other enterprises owned the actual control rights Sustaine Under
Investment
can't be directly and indirectly on behalf of any d and Fulfillme
Holdings
person, company or unit to engage in the same or effective nt
Co., Ltd.
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 other
shareholders, or to gain the additional benefits. 3.
If there will be the situation of inter-industry
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
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 shareholder
of Shenzhen Textile or indirectly controlling
Shenzhen Textile.
36
months
from the
Shenzhen Refer to the Announcement of Approval of listing
Under
Investment Application for Private Issue of Shares that issued March 25, day of
Fulfillme
Holdings by the Board of Directors of Shenzhen Textile 2013 new
nt
Co., Ltd. (Holdings) Co., Ltd.（No.:2013-12） shares,
i.e.,
March
26, 2013
Other
commitments
made to
minority
shareholders
Executed
Yes
timely or not?
Detailed
person for
failing to Not applicable
execute and
the next plan
IV．Prediction of Business performance for 2014.
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
√ Applicable □ Not applicable
Forenotice of earnings: Loss
Type of date filled for the prediction :Interval figures
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Same period
Year beginning to end of of the
Increase or decrease%
next report period previous
year
Estimated amount of
accumulative net -11,500 -- -9,500 4,722 Decrease 344.00% -- 301.00%
profit(RMB’0000)
Basic earnings per shares
-0.23 -- -0.19 0.10 Decrease 330.00% -- 290.00%
(Yuan/share)
The company of the expected a loss of about RMB 95 million- RMB 115
million in 2014, The major reasons were: 1, foreign polaroid manufacturers increased
the exploition of China's markets and led to intensifying market competition with
low prices; 2, decreased orders led to low operating ratio and higher unit cost; 3,
Notes to forenotice of currently,there was only one wide -range product line, frequently product transitions
earnings led to unstable good product rate , and lower product gross profit rate.
Compared with RMB 47.22 million profit at the same period last year, except
incomes from the transfer shares of Shenzhen Jinlan Decorative Supplies Industrial
Co. Ltd and incomes from sold of financial assets, this year's losses on polaroid
business were decreased.
V. Investment in Securities
√ Applicable □ Not applicable
Number
Shareho Shareho
of Number
lding lding Book
shares of
proporti proporti balance
Initial held at shares Gain.los
on at the on at the at the
Short investm the held at s of the Account Sauce
Security Security beginnin end of end of
form of ent beginnin the end reportin ing of the
category code g of the the the
security cost(RM g of the of the g period items shares
reportin reportin reportin
B) reportin reportin (RMB)
g g g period
g g period
period( period( (RMB)
period(s (shares)
%) %)
hares)
Financia
Victor l assets
11,356,6 3,744,59 1,722,79 17,985,9 16,994,7 Legal
Stock 000018 onward 2.21% 1.02% availabl
38.86 4 4 69.36 63.49 shares
A e for
sale
Financia Debt
9,847,59 7,836,57 l assets restruct
Stock 000030 Fawer 985,733 0.34% 985,733 0.34% 0.00
8.31 7.35 availabl uring
e for repaym
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
sale ent of s
hares
21,204,2 4,730,32 2,708,52 25,822,5 16,994,7
Total -- -- -- --
37.17 7 7 46.71 63.49
Disclosure date of the
board announcement on
March 11, 2014
approval of the securities
investment
Disclosure date of the
general meeting
announcement on approval
of the securities investment
(if any)
State of holding stocks of other PLCs
□ Applicable √ Not applicable
The Company was not holding any stock of other PLCs as of the end of report period.
VI. Derivative investment
□ Applicable √ Not applicable
There is no derivative investment during the report period.
VII. The registration form of acceptance of investigation, communication and interview in the report period for
future reference
□ Applicable √ Not applicable
The Period has no research, communication and written inquiry from the investors in the report period.
VIII. Other items in the report period
The company had 31 odd lots when implemented interests distribution before that have been registered to a
specified account of China Securities Depository and Clearing Co.,Ltd. Shengzhen Branch(it will be called
Depository Company hereafter). To resolute of the odd lots historically, according to the provisions of CSRC, the
odd lots would belong to all shareholders. The company signed a agreement that is Listed Company Entrust
Depository Company To Sale Odd Lots with the Depository Company in July 2014 to entrust and sell the odd lots.
The odd lots were sold in September,2014 and the net sold income was RMB 279.31 that was belong to Listed
Company.
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 1,073,334,413.13 949,317,213.07
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted
into current income account
Bill receivable 35,893,003.87 19,031,515.21
Account receivable 238,483,651.83 138,422,205.01
Prepayments 78,641,376.12 21,031,777.16
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 14,728,368.85 6,226,199.59
Dividend receivable
Other account receivable 18,810,876.06 140,270,310.59
Repurchasing of financial assets
Inventories 231,235,867.17 203,810,815.20
Assets held for sales
Non-current asset due in 1 year
Other current asset 100,000,000.00
Total of current assets 1,691,127,557.03 1,578,110,035.83
Non-current assets：
Loans and payment on other’s
behalf disbursed
Disposable financial asset 63,202,508.55 79,208,983.06
Expired investment in possess
Long-term receivable
Long term share equity
11,855,955.56 11,335,181.38
investment
Property investment 142,549,103.55 147,480,587.85
15
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Fixed assets 825,303,962.92 878,246,098.01
Construction in progress 92,993,904.28 62,917,215.99
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 42,348,491.11 43,878,071.37
R & D petrol
Goodwill 9,614,758.55 9,614,758.55
Long-germ expenses to be
604,700.97 835,279.18
amortized
Differed income tax asset 35,537,234.46 40,133,524.69
Other non-current asset
Total of non-current assets 1,224,010,619.95 1,273,649,700.08
Total of assets 2,915,138,176.98 2,851,759,735.91
Current liabilities
Short-term loans 10,397,057.96
Loan from Central Bank
Deposit received and hold for
others
Call loan received
Financial liabilities measured at
fair value with variations
accounted into current income
account
Bill payable
Account payable 217,248,368.82 108,297,855.85
Advance payment 86,126,951.29 31,672,395.99
Selling of repurchased financial
assets
Fees and commissions receivable
Employees’ wage payable 27,390,130.78 35,273,275.68
Tax payable -70,550,946.15 -77,213,236.39
Interest payable 31,046,440.98 23,970,903.52
Dividend payable
Other account payable 100,529,483.40 120,089,826.28
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year
Other current liability
16
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Total of current liability 402,187,487.08 242,091,020.93
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 4,444,791.29 60,228,995.93
Other non-current liabilities 59,061,966.89 51,593,141.94
Differed income 263,506,758.18 311,822,137.87
Total of liability 665,694,245.26 553,913,158.80
Owners’ equity
Share capital 506,521,849.00 506,521,849.00
Capital reserves 1,596,325,049.36 1,606,525,169.42
Less：Shares in stock
Special reserves
Other comprehensive income
Surplus reserves 59,801,735.10 59,801,735.10
Common risk provision
Undistributed profit 86,795,298.26 124,997,823.59
Different of foreign currency
translation
Total of owner’s equity belong to
2,249,443,931.72 2,297,846,577.11
the parent company
Minority shareholders’ equity
Total of owners’ equity 2,249,443,931.72 2,297,846,577.11
Total of liabilities and owners’
2,915,138,176.98 2,851,759,735.91
equity
Legal representative ：Zhu Jun
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 453,118,518.31 365,620,681.34
Financial assets measured at fair
17
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
value with variations accounted
into current income account
Bill receivable
Account receivable 304,456.16 26,603.36
Prepayments 2,266,272.00 2,266,272.00
Interest receivable 7,070,430.93 5,203,000.01
Dividend receivable
Other account receivable 64,404,524.83 162,531,389.65
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset
Total of current assets 527,164,202.23 535,647,946.36
Non-current assets：
Disposable financial asset 63,202,508.55 79,208,983.06
Expired investment in possess
Long-term receivable
Long term share equity
1,785,412,463.64 1,784,891,689.46
investment
Property investment 134,502,696.36 139,080,456.27
Fixed assets 27,509,194.31 29,101,578.28
Construction in progress 30,875,389.19 22,003,109.19
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,783,843.38 2,050,543.64
R & D petrol
Goodwill
Long-germ expenses to be
amortized
Differed income tax asset 4,011,752.57 5,299,239.57
Other non-current asset
Total of non-current assets 2,047,297,848.00 2,061,635,599.47
Total of assets 2,574,462,050.23 2,597,283,545.83
Current liabilities
Short-term loans
Financial liabilities measured at
fair value with variations
accounted into current income
account
Bill payable
Account payable 411,743.57 411,743.57
18
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Advance payment 639,024.58 639,024.58
Employees’ wage payable 2,782,062.49 6,012,522.26
Tax payable 6,900,929.36 4,076,158.54
Interest payable
Dividend payable
Other account payable 65,164,971.50 59,810,489.72
Liabilities held for sales
Non-current liability due in 1 year
Other current liability
Total of current liability 75,898,731.50 70,949,938.67
Non-current liabilities：
Long-term loan
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability 4,444,791.29 60,228,995.93
Other non-current liabilities
Total of Non-current liabilities 4,444,791.29 60,228,995.93
Total of liability 80,343,522.79 131,178,934.60
Owners’ equity
Share capital 506,521,849.00 506,521,849.00
Capital reserves 1,587,742,067.57 1,597,942,187.63
Less：Shares in stock
Special reserves
Other comprehensive income
Surplus reserves 59,801,735.10 59,801,735.10
Commonly risk Reserves
Undistributed profit 340,052,875.77 301,838,839.50
Different of foreign currency
translation
Total of owners’ equity 2,494,118,527.44 2,466,104,611.23
Total of liabilities and owners’
2,574,462,050.23 2,597,283,545.83
equity
Legal representative ：Zhu Jun
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
19
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
3.Consolidated Profit statement of the report period
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Item Report period Same period of the previous year
I. Income from the key business 342,049,067.34 251,984,347.54
Incl：Business income 342,049,067.34 251,984,347.54
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 361,937,104.19 276,333,852.70
Incl：Business cost 334,437,206.19 247,598,487.72
Interest expense
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 1,790,964.68 1,783,029.78
Sales expense 3,039,900.12 2,590,901.31
Administrative expense 24,741,246.41 20,665,460.10
Financial expenses -9,469,146.23 -3,018,801.78
Asset impairment loss 7,396,933.02 6,714,775.57
Add：Gains from change of fir
value （“-”for loss）
Investment gain（“-”for loss） -248,429.00 28,120,006.95
Incl: investment gains from
454,071.00 359,934.49
affiliates
Gains from currency exchange
（“-”for loss）
III. Operational profit（“-”for loss -20,136,465.85 3,770,501.79
Add：Non-business income 7,037,892.51 13,445,078.94
Less：Non business expenses 13.88
Incl：Loss from disposal of
non-current assets
IV.Total profit(“-”for loss) -13,098,573.34 17,215,566.85
Less：Income tax expenses 3,459,441.89 9,290,062.73
V. Net profit（“-”for net loss -16,558,015.23 7,925,504.12
Including: Net profit realized by
the entity taken over before the
takeover
20
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Net profit attributable to the
-16,558,015.23 7,925,504.12
owners of parent company
Minority shareholders’ equity
VI. Earnings per share： -- --
（I）Basic earnings per share -0.03 0.02
(II)Diluted earnings per share -0.03 0.02
VII. Other comprehensive income 1,109,228.94 -14,001,842.79
Including: other comprehensive
income items that will not be
reclassified into gains/losses in
the subsequent accounting period
Other comprehensive incomes
that can be reclassified into
gains/losses in the subsequent 1,109,228.94 -14,001,842.79
accounting period when certain
conditions are satisfied
VIII. Total comprehensive income -15,448,786.29 -6,076,338.67
Total comprehensive income
attributable to the owner of the -15,448,786.29 -6,076,338.67
parent company
Total comprehensive income
attributable minority shareholders
Legal representative ：Zhu Jun
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 of the Report period
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Report period Same period of the previous year
I. Income from the key business 16,238,950.44 15,062,103.91
Incl：Business cost 3,606,961.35 3,739,974.55
Business tax and surcharge 1,285,598.61 1,242,247.34
Sales expense
Administrative expense 6,087,529.75 6,508,239.65
Financial expenses -3,650,555.17 -1,830,828.17
Asset impairment loss -41,226.64 1,652,966.33
Add：Gains from change of fir
value （“-”for loss）
21
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Investment gain（“-”for loss） -248,429.00 28,120,006.96
Incl: investment gains from
454,071.00 359,934.49
affiliates
II. Operational profit（“-”for loss 8,702,213.54 31,869,511.16
Add：Non-business income 4,815,825.02
Less：Non business expenses
Incl：Loss from disposal of
non-current assets
III.Total profit(“-”for loss) 8,702,213.54 36,685,336.18
Less：Income tax expenses 2,070,816.89 8,241,365.25
IV. Net profit（“-”for net loss） 6,631,396.65 28,443,970.93
V. Earnings per share： -- --
（I）Basic earnings per share 0.01 0.06
(II)Diluted earnings per share 0.01 0.06
VI. Other comprehensive income 1,109,228.94 -14,001,842.79
Including: other comprehensive
income items that will not be
reclassified into gains/losses in
the subsequent accounting period
Other comprehensive incomes
that can be reclassified into
gains/losses in the subsequent 1,109,228.94 -14,001,842.79
accounting period when certain
conditions are satisfied
VII. Total comprehensive income 7,740,625.59 14,442,128.14
Legal representative ：Zhu Jun
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
5. Consolidated Profit statement between the beginning of the year and end of the report period
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Total operating income 813,672,892.15 828,332,357.60
Including：Operating income 813,672,892.15 828,332,357.60
Interest income
Insurance gained
Commission charge and
commission income
22
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
II. Total operating cost 867,787,284.87 881,278,165.28
Including：Operating cost 768,575,330.45 775,512,458.28
Interest expense
Commission chare and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 5,375,106.42 6,346,486.46
Sales expenses 8,141,402.16 6,687,627.51
Administration expenses 89,405,947.94 96,379,312.73
Financial expenses -16,301,766.91 -16,948,049.35
Losses of devaluation of assets 12,591,264.81 13,300,329.65
Add ：Changing income of fair
value
Investment income 19,775,234.46 50,028,314.42
Including：Investment income on
affiliate company and joint 995,152.40 781,664.66
venture
Exchange income
III. Operating profit -34,339,158.26 -2,917,493.26
Add ：Non-operating income 12,981,052.25 19,421,697.93
Less：Non-operating expense 3,751.62 10,013.88
Including :Disposal loss of
3,638.02
non-current assets
IV. Total profit -21,361,857.63 16,494,190.79
Less：Income tax 16,840,667.70 16,609,950.93
V. Net profit（“-”for net loss -38,202,525.33 -115,760.14
Including: Net profit realized by
the entity taken over before the
takeover
Net profit attributable to the
-38,202,525.33 -115,760.14
owners of parent company
Minority shareholders’ equity
VI. Earnings per share： -- --
（I）Basic earnings per share -0.08 0.00
(II)Diluted earnings per share -0.08 0.00
VII. Other comprehensive income -10,200,120.06 -15,533,203.62
Including: other comprehensive
23
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
income items that will not be
reclassified into gains/losses in
the subsequent accounting period
Other comprehensive incomes
that can be reclassified into
gains/losses in the subsequent -10,200,120.06 -15,533,203.62
accounting period when certain
conditions are satisfied
VIII. Total comprehensive income -48,402,645.39 -15,648,963.76
Total comprehensive income
attributable to the owner of the -48,402,645.39 -15,648,963.76
parent company
Total comprehensive income
attributable minority shareholders
Legal representative ：Zhu Jun
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
6.Profit Statement of the Parent Between the Beginning of the Year and End of the Report Period
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Report period Same period of the previous year
I. Business income 46,894,298.88 45,545,702.96
Less：Business cost 9,136,406.23 9,836,480.04
Business tax and surcharge 3,817,306.72 4,469,223.91
Sales expense
Administrative expense 19,295,299.07 22,067,090.54
Financial expenses -11,423,252.31 -4,795,282.50
Asset impairment loss -5,149,948.01 1,261,567.63
Add：Gains from change of fir
value （“-”for loss）
Investment gain（“-”for loss） 19,118,120.89 72,126,434.46
Incl: investment gains from
995,152.40 781,664.66
affiliates
II. Operational profit 50,336,608.07 84,833,057.80
Add：Non-business income 95,873.24 4,815,825.02
Less：Non business expenses
Incl：Loss from disposal of
non-current assets
24
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
III.Total profit 50,432,481.31 89,648,882.82
Less：Income tax expenses 12,218,445.04 15,656,581.65
IV. Net profit 38,214,036.27 73,992,301.17
V. Earnings per share -- --
（I）Basic earnings per share 0.08 0.18
(II)Diluted earnings per share 0.08 0.18
VI. Other comprehensive income -10,200,120.06 -15,533,203.62
Including: other comprehensive
income items that will not be
reclassified into gains/losses in
the subsequent accounting period
Other comprehensive incomes
that can be reclassified into
gains/losses in the subsequent -10,200,120.06 -15,533,203.62
accounting period when certain
conditions are satisfied
VII. Total comprehensive income 28,013,916.21 58,459,097.55
Legal representative ：Zhu Jun
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items Report period Same period of the previous year
I.Cash flows from operating
activities
Cash received from sales of goods
794,212,614.06 878,605,934.40
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
25
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
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,
processing fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Tax returned 72,864,282.21 60,581,770.02
Other cash received from business
46,987,804.95 17,328,248.28
operation
Sub-total of cash inflow 914,064,701.22 956,515,952.70
Cash paid for purchasing of
772,157,177.29 911,934,430.80
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
100,422,140.82 86,306,774.07
staffs
Taxes paid 72,878,941.57 20,003,557.61
Other cash paid for business
33,934,938.71 59,274,717.28
activities
Sub-total of cash outflow from
979,393,198.39 1,077,519,479.76
business activities
Cash flow generated by business
-65,328,497.17 -121,003,527.06
operation, net
II.Cash flow generated by
investing
Cash received from investment
19,302,132.19 51,667,395.11
retrieving
Cash received as investment gains 1,418,603.30 2,519,136.25
Net cash retrieved from disposal 57,673.91
26
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
of fixed assets, intangible assets,
and other long-term assets
Net cash received from disposal
of subsidiaries or other 100,386,000.00
operational units
Other investment-related cash
102,505,285.49
received
Sub-total of cash inflow due to
223,669,694.89 54,186,531.36
investment activities
Cash paid for construction of
fixed assets, intangible assets 44,190,174.93 100,002,960.53
and 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
44,690,174.93 400,002,960.53
investment activities
Net cash flow generated by
178,979,519.96 -345,816,429.17
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 38,973,795.50 43,454,200.01
Cash received from bond placing
Other financing –related ash
563,172.00
received
Sub-total of cash inflow from
38,973,795.50 1,009,397,722.01
financing activities
Cash to repay debts 27,652,139.91 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
Other cash paid for financing
775,000.00
activities
Sub-total of cash outflow due to 27,708,139.91 74,151,627.92
27
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
financing activities
Net cash flow generated by
11,265,655.59 935,246,094.09
financing
IV. Influence of exchange rate
alternation on cash and cash 962,975.47 -648,086.77
equivalents
V.Net increase of cash and cash
125,879,653.85 467,778,051.09
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
1,069,793,605.53 694,967,805.52
equivalents at the end of term
Legal representative ：Zhu Jun
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
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
46,496,276.23 45,108,696.01
or rending of services
Tax returned
Other cash received from business
26,791,816.82 32,571,845.72
operation
Sub-total of cash inflow 73,288,093.05 77,680,541.73
Cash paid for purchasing of
4,508,222.48 4,420,794.90
merchandise and services
Cash paid to staffs or paid for
13,823,486.38 14,936,298.94
staffs
Taxes paid 65,283,173.64 11,540,433.22
Other cash paid for business
14,249,021.45 80,490,809.17
activities
Sub-total of cash outflow from
97,863,903.95 111,388,336.23
business activities
Cash flow generated by business -24,575,810.90 -33,707,794.50
28
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
operation, net
II.Cash flow generated by
investing
Cash received from investment
19,302,132.19 51,667,395.11
retrieving
Cash received as investment gains 1,418,603.30 24,617,256.29
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 investment-related cash
received
Sub-total of cash inflow due to
121,156,840.53 76,284,651.40
investment activities
Cash paid for construction of
fixed assets, intangible assets 9,084,798.00 13,144,203.00
and 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
9,084,798.00 773,144,203.00
investment activities
Net cash flow generated by
112,072,042.53 -696,859,551.60
investment
III.Cash flow generated by
financing
Cash received as investment 965,380,350.00
Cash received as loans
Cash received from bond placing
Other financing –related ash
563,172.00
received
Sub-total of cash inflow from
965,943,522.00
financing activities
Cash to repay debts
Cash paid as dividend, profit, or
interests
Other cash paid for financing
775,000.00
activities
29
深圳市纺织(集团)股份有限公司 2014 年第三季度报告全文
Sub-total of cash outflow due to
775,000.00
financing activities
Net cash flow generated by
965,168,522.00
financing
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
87,496,231.63 234,601,175.90
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
453,116,912.97 268,507,327.43
equivalents at the end of term
Legal representative ：Zhu Jun
Person-in-charge of the accounting work：Zhu Jun
Person-in -charge of the accounting organ：Jiang Xiaojun
II. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 28, 2014
30
