深圳市纺织(集团)股份有限公司 2014 年第三季度报告正文
Stock code: 000045、200045 Stock Abbreviation: Shen Textile A、Shen Textile B Announcement No.: 2014-54
Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2014
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 年第三季度报告正文
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
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 12,732,501.05
2
深圳市纺织(集团)股份有限公司 2014 年第三季度报告正文
loss(excluding those closely related to the Company’s
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 16,994,763.49
sellable 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 年第三季度报告正文
(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 Investment State-owned
46.21% 234,069,436 51,457,976
Holdings Co., Ltd. legal person
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
Name of the shareholder Quantity of unrestricted shares held at Share type
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告正文
the end of the reporting period Share type Quantity
RMB Common
Shenzhen Investment Holdings Co., Ltd. 182,611,460 182,611,460
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
Explanation on associated relationship not make sure whether there is relationship between the top ten
among the aforesaid shareholders shareholders holding 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 securities
account with credit transaction and guarantee of Guosen Securities
margin trading (if any)
Co., 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
No agreed re-purchasing is performed by the Company’s shareholders in the report period.
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告正文
(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 年第三季度报告正文
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 年第三季度报告正文
（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 年第三季度报告正文
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
Commitm making Period of Fulfillm
Commitment Contents
ent maker commitme commitment ent
nt
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 Sustained Under
Investment
on share decrease, they will disclose an announcement and Fulfillm
Holdings
reform indicating the sale through the company within two effective ent
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
9
深圳市纺织(集团)股份有限公司 2014 年第三季度报告正文
The commitments during non-public issuanc
e period in 2009 . Pursuant to the Letter of
Commitment and Statement, Shenzhen Investment
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
Shenzhen Investment Holdings Co., Ltd. and its wholly
Sustained Under
Investment owned subsidiaries, subsidiaries under control or
and Fulfillm
Holdings other companies that have actual control of it
effective ent
Co., Ltd. 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
Commitments
necessary for Shenzhen Investment Holdings Co.,
made upon
Ltd. and its wholly owned subsidiaries,
issuance
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
Shenzhen Holdings and its share-holding subsidiaries or
Sustained Under
Investment other enterprises owned the actual control rights
and Fulfillm
Holdings can't be directly and indirectly on behalf of any
effective ent
Co., Ltd. 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 other
shareholders, or to gain the additional benefits. 3.
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告正文
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 shareholder
of Shenzhen Textile or indirectly controlling
Shenzhen Textile.
36 months
from the
Shenzhen Refer to the Announcement of Approval of
listing day Under
Investment Application for Private Issue of Shares that issued March 25,
of new Fulfillm
Holdings by the Board of Directors of Shenzhen Textile 2013
shares, i.e., ent
Co., Ltd. (Holdings) Co., Ltd.（No.:2013-12）
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
Year beginning to end of Same period
Increase or decrease%
next report period of the
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深圳市纺织(集团)股份有限公司 2014 年第三季度报告正文
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
Debt
Financia
restruct
l assets
9,847,59 7,836,57 uring
Stock 000030 Fawer 985,733 0.34% 985,733 0.34% 0.00 availabl
8.31 7.35 repaym
e for
ent of s
sale
hares
12
深圳市纺织(集团)股份有限公司 2014 年第三季度报告正文
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.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 28, 2014
13
