深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Shenzhen Textile (Holdings) Co., Ltd.
The First Quarterly Report 2015
April 29, 2015
1
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr. Zhu Jun, Person in charge of the Company, 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 this Quarterly Report .
This Report has been prepared in both Chinese and English , In case any discrepancy , the Chinese version shall
prevail.
2
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
II.Main financial data and changes of shareholders
（1）Main financial data and indices
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not.
□Yes√ No
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（RMB） 302,735,429.91 220,802,549.07 37.11%
Net profit attributable to the shareholders
4,339,711.63 -10,972,224.82 139.55%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -19,099,161.16 -19,917,020.21 4.11%
listed company（RMB）
Cash flow generated by business operation,
42,290,099.22 -2,642,086.07 1,700.63%
net（RMB）
Basic earning per share(RMB/Share) 0.0086 -0.0217 139.63%
Diluted gains per
0.0086 -0.0217 139.63%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
0.20% -0.48% 0.68%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 2,887,077,347.81 2,822,783,501.87 2.28%
Net assets attributable to the shareholders
2,183,521,543.53 2,196,249,248.26 -0.58%
of the listed company（RMB）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to
Non-recurring gain and loss items Notes
the end of the report period.)
Non-current asset disposal
gain/loss(including the write-off part for -13,625.10
which assets impairment provision is
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深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
made)
Phase II special subsidies for renovation and expansion of
RMB 300,000; Phase II expansion financial interest of RM
B 60,486.12; Development and Reform Commission resea
rch grant of RMB 1,977,495; Finance Committee Pingshan
project grant of RMB 324,999.99; Finance Committee gra
Govemment subsidy recognized in
nts RMB 125,000.01 of new materials; imported equipmen
currentgain and loss(excluding those
t and technology grants of RMB 43,772.55; NDRC strategi
closely related to the Company’s 3,216,950.71
c emerging industry projects matching funds of RMB 12,5
business and granted under the state’s
00.01; Shenzhen to encourage the introduction of advance
policies)
d technology imported capital funding of RMB 3,597.03; i
nnovation level enterprise technical centers special reward
fund of RMB 300,000; Futian District Finance Committee
industrial development fund of RMB 63,000 and RMB 6,1
00 booths grants.
Gain/loss from change of fair value of
transactional financial asset and
liabilities, and investment gains from
disposal of transactional financial assets
26,963,153.69
and liabilities and sellable financial
assets other than valid period value
instruments related to the Company’s
common businesses.
Other non-operating income and
expenditure except for the 13,034.19
aforementioned items
Less: Amount of influence of income
6,740,640.70
tax
Total 23,438,872.79 --
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 2015 年第一季度报告全文
(II) Total number of shareholders at the period-end and shareholdings of top 10 shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10 common shareholders
In shares
Total number of common
20,819
shareholders at the period-end
Shareholdings of top 10 common shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Shenzhen Investment State-owned legal
46.21% 234,069,436 51,457,976
Holdings Co., Ltd. person
Shenzhen Shenchao
State-owned
Technology 3.18% 16,129,032 0
Legal person
Investment Co., Ltd.
Foresea life Insurance
－Self assets Huatai Other 3.04% 15,407,744 0
Combination
Anhui Guofu Industry Domestic non
Investment Fund State-owned 0.73% 3,708,341 0
Management Co., Ltd. Legal person
Domestic non
Nanchong Baolin
State-owned 0.52% 2,646,747 0
Trade Co., Ltd.
Legal person
China Foreign
Economy and Trade
Trust Co., Ltd.－ Other 0.46% 2,340,065 0
Yunfeng Securities
Investment Trust Plan
Domestic Nature
Sun Huiming 0.39% 1,996,347 0
person
Domestic Nature
Na Yingxu 0.37% 1,863,500 0
person
Domestic Nature
Ruan Xingguan 0.36% 1,833,625 0
person
Domestic Nature
Huang Guangwei 0.34% 1,743,400 0
person
Shareholding of top 10 shareholders of unrestricted shares
5
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Quantity of unrestricted shares held at the Share type
Name of the shareholder
end of the reporting period Share type Quantity
Shenzhen Investment Holdings Co., Ltd. 182,611,460 RMB Common shares 182,611,460
Shenzhen Shenchao Technology
16,129,032 RMB Common shares 16,129,032
Investment Co., Ltd.
Foresea life Insurance－Self assets Huatai
15,407,744 RMB Common shares 15,407,744
Combination
Anhui Guofu Industry Investment Fund
3,708,341 RMB Common shares 3,708,341
Management Co., Ltd.
Nanchong Baolin Trade Co., Ltd. 2,646,747 RMB Common shares 2,646,747
China Foreign Economy and Trade Trust
Co., Ltd.－Yunfeng Securities Investment 2,340,065 RMB Common shares 2,340,065
Trust Plan
Foreign shares placed
Sun Huiming 1,996,347 1,996,347
in domestic exchange
Na Yingxu 1,863,500 RMB Common shares 1,863,500
Ruan Xingguan 1,833,625 RMB Common shares 1,833,625
Huang Guangwei 1,743,400 RMB Common shares 1,743,400
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 whether there is relationship between the top ten shareholders
Explanation on associated relationship
holding non-restricted negotiable shares and between the top ten shareholders holding
among the aforesaid shareholders
non-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.
The Company Shareholder Ruan Xingguan holds 0 shares through ordinary stock
Participation of top 10 unconditional
account. holds 1,833,625 shares of the Company through stock account with credit
common share shareholders in securities
transaction and guarantee of CITIC Securities(Zhejiang) Co., Ltd.,The total amount is
margin trading (if any)
1,833,625 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.
(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 2015 年第一季度报告全文
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.The ending balance of Advance payment increased by RMB 46.7772 million and 172.77% over beginning of
period mainly due to the increase of the main point is close to the end of the export trade volume of business；
2.The ending balance of other account receivable decreased by RMB 19.6736 million and 47.02% over beginning
of period mainly due to foreign exchange export tax rebates；
3. The ending balance of short term loan decreased by RMB 18.8113 million and 76.23% over beginning of
period mainly due to the return of working capital borrowings；
4. The ending balance of account payable increased by RMB55.5998 million and 36.33% over beginning of
period mainly due to increase the procurement of raw materials and purchased goods to meet the payments;
5. The ending balance of advance receivable increased by RMB49.7314 million and 120.90% over beginning of
period mainly due to the increase of the main point is close to the end of the advance payment of export trading
business；
6. The ending balance of deferred income tax liabilities decreased by RMB5.7052 million and 54.04% over
beginning of period mainly due to the primarily for sale available for sale financial assets transferred out of
deferred tax liabilities；
7. The ending balance of other comprehensive income decreased by RMB17.0674 million and 51.12% over
beginning of period mainly due to the primarily for sale available for sale financial assets transferred out
previously recognized in other comprehensive income in profits；
8. The ending balance of Undistributed profit increased by RMB4.3397 million and 63.77% over beginning of
period mainly due to increase in net profit attributable to shareholders of the parent company's；
9. Operating income in current period increased by RMB 81.9329 million and 37.11% year on year,
mainly due to sales growth of Polaroid；
10. Operating cost in current period increased by RMB 94.0512 million and 47.9% year on year, mainly due to the
increase in cost of sales of Polaroid traffic growth；
11. Administrative expenses in current period decreased by RMB 18.4072 million and 46.7% year on year mainly
due to decrease of research and development expenses；
12. Financial expenses in current period decreased by RMB1.1241 million and 37.59% year on year mainly due to
reduce foreign exchange losses the company to cope with the yen-denominated debt arising；
13. Impairment loss of assets in current period increased by RMB10.2814 million and 603.22% year on year
mainly due to Polaroid is mainly finished products and raw material costs are lower than the net realizable value
impairment losses；
14. Investment Income in current period increased by RMB19.7019 million and 231.15% year on year mainly due
to the sale of available for sale financial assets increased investment income；
15. The net cash flows from operating activities in current period increased by RMB44.9322 million and
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深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
1700.63% year on year mainly due to strengthen procurement management, cash outflow due to the purchase of
goods paid for reduction；
16. The net cash flows from investing activities in current period decreased by RMB171.1291 million and 89.73%
year on year mainly due to reduce structured deposits and withdraw money from disposal of subsidiary shares；
17. The net cash flows from financing activities in current period decreased by RMB36.3867 million and 209.23%
year on year mainly due to increase in working capital due to repayment of loans.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
√ Applicable□ Not applicable
(1) During the reporting period, for the "grasp principal, make every effort to cut losses," the business objectives
set at the beginning, the company through its own efforts and cooperation with Taiwan special forces company
combined with improved technology, improve yields, reduce losses, improve management, with ERP
management system to achieve a cost-control measures refinement and precision. Currently TV production class
Polaroid product yield steady at more than 90%, finished products imported 1 machine during the reporting period,
2 new panels customer's product certification.
(2) On Fubruary 12, 2014, The “Cooperation Framework Agreement” signed on cooperation in polarizer between
Shengbo Optoelectronic, the subsidiary of the company, and Ntto Kogyo,On February 3, 2015, in view of the
purpose of “Cooperation Framework Agreement” unavailable to be achieved, Shengbo Optoelectronic and Ntto
Kogyo have signed “Agreement on Termination of Contract” after the negotiation. Due to “Cooperation
Framework Agreement” failed to implement arising from no approval from the shareholders’ meeting, there is no
significant impact on production and operation. Meanwhile, the company originally plans to conduct polarizer
production through the technology cooperation with Ntto Kogyo , and intends to change the original plan on the
purpose to fund-raising of Project II of polarizer with TFT-LCD (please refer to Announcement 2014-14), which
are all terminated.Given the current market environment has changed, the report period, according to the latest
industry trends, ongoing and related equipment manufacturers, suppliers and downstream customers, such as the
pre-exchange technology, markets, products, and other aspects of the project to re-demonstration .
(3) On March 6, 2015,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.
Description of the website for disclosing provisional
Description of provisional announcement Date of disclosing
announcements
http://www.cninfo.com.cn)and Securities times, China
Announcement of Subsidiaries cooperatio
Securities Journal, Shanghai Securities
n framework agreement on the lifting February 6,2015
News ,Securities Daily and Hongkong Commercial
Daily on February 6, 2015
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深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
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
Commitmen Commitment Period of
Contents making Fulfillment
t maker commitment
commitment
As Shenzhen Investment Holdings Co., Ltd., the
controlling shareholder of the company, 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
Shenzhen
Commitmen the future, and the decrease of the shares they hold
Investment August 4, Continuousl Under
t on share reaches 5% within 6 months after the first decrease, they
Holdings Co., 2006 y valid Fulfillment
reform will disclose an announcement indicating the sale through
Ltd.
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.
Commitmen
t in the
acquisition
report or the
report on
equity
changes
Commitmen
t made upon
the assets
replacement
Shenzhen Investment Holdings Co., Ltd. signed a “Letter
of Commitment and Statement on Horizontal Competition
Avoidance” when the company issued non-public stocks
in 2009. Pursuant to the Letter of Commitment and
Commitmen Shenzhen Statement, Shenzhen Investment Holdings Co., Ltd. and
ts made Investment its wholly owned subsidiary, subsidiaries under control or October 9, Sustained Under
upon Holdings Co., any other companies that have actual control of it shall 2009 and effective Fulfillment
issuance Ltd. 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.
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深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
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 the period non-public issuance
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 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,
Shenzhen
contract, lease, etc., and ensure not to use the controlling
Investment July 14, Sustained Under
shareholder's status to damage the legitimate rights and
Holdings Co., 2012 and effective Fulfillment
interests of Shenzhen Textile and other shareholders, or to
Ltd.
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
shareholder of Shenzhen Textile or indirectly controlling
Shenzhen Textile.
Shenzhen Commitment to non-public offering during the second ph
March 25, March 25, Under
Investment ase project of Shen Textile shares subscribed lock handle,
2013 2016 Fulfillment
Holdings Co., locking Shen Textile non-public offering on the stock ma
10
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Ltd. rket of 36 months.
Other
commitment
s made to
minority
shareholders
Executed
timely or Yes
not?
Detailed
person for
failing to
N/A
execute and
the next
plan( If any)
IV．Prediction of Business performance for January- June 2015
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
V. Securities investment
√ Applicable □Not applicable
Number
Shareho
of Shareho
lding Number
shares lding Book
proporti of
held at proporti balance Gain.
Initial on at the shares
the on at the at the loss of
Stock investm beginni held at Account
Security Stock beginni end of end of the Sauce of
Abbreviat ent ng of the end ing
category Code ng of the the reportin the shares
ion cost(R the of the items
the reportin reportin g period
MB) reportin reportin
reportin g g period (RMB)
g g period
g period( (RMB)
period( (shares)
period(s %)
%)
hares)
Victor Financial
788,692.7 17,768,78 26,963,15 Legal
Stock 000018 onward 1,722,794 1.02% 662,767 0.39% assets
3 3.27 3.69 shares
A available
11
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
for sale
Financial
8,940,598 10,754,34 assets Debt equity
Stock 000030 Fawer 985,733 0.34% 985,733 0.34% 0.00
.31 7.03 available
for sale
9,729,291 28,523,13 26,963,15
Total 2,708,527 -- 1,648,500 -- -- --
.04 0.30 3.69
Disclosure date for the notice of
January 17, 2015
approval by the Board (If any)
Disclosure date for the notice of
approval by shareholders’ February 4, 2015
Meeting (If any)
VI. Shareholdings in other listed companies
□ Applicable √ Not applicable
No such cases in the reporting period.
VII. Investments in derivatives
□ Applicable √ Not applicable
There is no derivative investment during the report period.
VIII. 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.
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by : Shenzhen Textile (Holdings) Co., Ltd.
In RMB
March 31, 2015
Items Year-end balance Year-beginning balance
Current asset：
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深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Monetary fund 1,145,050,185.50 1,101,771,561.28
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable 33,068,516.99 43,412,635.19
Account receivable 181,849,421.08 156,123,570.35
Prepayments 73,852,330.20 27,075,094.81
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 12,224,205.44 13,357,311.32
Dividend receivable
Other account receivable 22,169,847.50 41,843,377.39
Repurchasing of financial assets
Inventories 245,492,405.42 230,659,122.24
Assets held for sales
Non-current asset due in 1 year
Other current asset
Total of current assets 1,713,706,912.13 1,614,242,672.58
Non-current assets：
Loans and payment on other’s behalf
disbursed
Disposable financial asset 63,510,177.76 87,592,297.11
Expired investment in possess
Long-term receivable
Long term share equity investment 21,457,249.21 20,795,057.33
Property investment 139,261,447.35 140,905,275.45
Fixed assets 809,395,426.29 824,871,367.33
Construction in progress 85,107,558.48 79,822,149.34
Engineering material
Fixed asset disposal 118,410.20
13
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Production physical assets
Gas & petrol
Intangible assets 41,449,554.67 41,771,402.89
R & D petrol
Goodwill 9,614,758.55 9,614,758.55
Long-germ expenses to be amortized 839,634.87 560,877.06
Differed income tax asset 2,616,218.30 2,607,644.23
Other non-current asset
Total of non-current assets 1,173,370,435.68 1,208,540,829.29
Total of assets 2,887,077,347.81 2,822,783,501.87
Current liabilities
Short-term loans 5,865,301.65 24,676,594.72
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
Derivative financial liabilities
Bill payable
Account payable 208,626,538.65 153,026,682.35
Advance payment 90,866,860.78 41,135,510.00
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 28,150,514.74 37,736,705.46
Tax payable -44,317,434.49 -52,835,820.86
Interest payable 34,637,612.23 33,037,218.68
Dividend payable
Other account payable 106,158,781.06 112,654,863.06
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 75,346,136.30 75,346,136.30
14
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Other current liability
Total of current liability 505,334,310.92 424,777,889.71
Non-current liabilities：
Long-term loan 124,653,863.70 124,653,863.70
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable employees’s
remuneration
Special payable
Expected liabilities
Deferred income 68,716,381.25 66,546,079.96
Deferred income tax liability 4,851,248.41 10,556,420.24
Other non-current liabilities
Total non-current liabilities 198,221,493.36 201,756,363.90
Total of liability 703,555,804.28 626,534,253.61
Owners’ equity
Share capital 506,521,849.00 506,521,849.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 1,585,130,051.37 1,585,130,051.37
Less：Shares in stock
Other comprehensive income 16,321,701.09 33,389,117.46
Special reserves
Surplus reserves 64,403,027.10 64,403,027.10
Common risk provision
Undistributed profit 11,144,914.97 6,805,203.33
Total of owner’s equity belong to the
2,183,521,543.53 2,196,249,248.26
parent company
Minority shareholders’ equity
Total of owners’ equity 2,183,521,543.53 2,196,249,248.26
Total of liabilities and owners’ equity 2,887,077,347.81 2,822,783,501.87
15
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Legal Representative:Zhu Jun
Person in charge of accounting：Zhu Jun
Accounting Dept Leader: Jiang Xiaojun
2. Balance sheet of Parent Company
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 495,653,484.45 457,379,886.16
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable 1,600,000.00 1,800,000.00
Account receivable 1,024,093.87 468,887.97
Prepayments 2,113,980.00 2,771,374.00
Interest receivable 6,866,348.00 10,640,957.35
Dividend receivable
Other account receivable 64,929,290.92 64,581,392.46
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset
Total of current assets 572,187,197.24 537,642,497.94
Non-current assets：
Disposable financial asset 60,210,177.76 84,292,297.11
Expired investment in possess
Long-term receivable
Long term share equity investment 1,798,313,757.31 1,797,651,565.42
Property investment 131,450,856.42 132,976,776.39
Fixed assets 27,352,132.60 27,002,348.21
Construction in progress 35,258,431.37 31,482,502.19
Engineering material
Fixed asset disposal
16
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Production physical assets
Gas & petrol
Intangible assets 1,529,726.94 1,627,715.16
R & D petrol
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 3,073,300.25 3,061,417.30
Other non-current asset
Total of non-current assets 2,057,188,382.65 2,078,094,621.78
Total of assets 2,629,375,579.89 2,615,737,119.72
Current liabilities
Short-term loans
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Bill payable
Account payable 411,743.57 411,743.57
Advance payment 639,024.58 639,024.58
Employees’ wage payable 4,360,779.27 5,878,352.45
Tax payable 13,641,175.72 6,660,135.95
Interest payable
Dividend payable
Other account payable 69,471,910.19 67,479,912.27
Liabilities held for sales
Non-current liability due in 1 year
Other current liability
Total of current liability 88,524,633.33 81,069,168.82
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Employees’ wage payable
17
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Special payable
Expected liabilities
Deferred income
Deferred income tax liability 4,851,248.41 10,556,420.24
Other non-current liabilities
Total of Non-current liabilities 4,851,248.41 10,556,420.24
Total of liability 93,375,881.74 91,625,589.06
Owners’ equity
Share capital 506,521,849.00 506,521,849.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 1,576,547,069.58 1,576,547,069.58
Less：Shares in stock
Other comprehensive income 16,321,701.09 33,389,117.46
Special reserves
Surplus reserves 64,403,027.10 64,403,027.10
Undistributed profit 372,206,051.38 343,250,467.52
Total of owners’ equity 2,535,999,698.15 2,524,111,530.66
Total of liabilities and owners’ equity 2,629,375,579.89 2,615,737,119.72
3.Consolidated Profit Statement
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 302,735,429.91 220,802,549.07
Incl：Business income 302,735,429.91 220,802,549.07
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 320,117,274.19 235,437,160.13
Incl：Business cost 290,381,741.76 196,330,525.66
Interest expense
Fee and commission paid
18
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 1,790,000.62 1,871,598.85
Sales expense 2,478,274.80 2,517,759.36
Administrative expense 21,004,571.52 39,411,853.66
Financial expenses -4,114,294.01 -2,990,166.63
Asset impairment loss 8,576,979.50 -1,704,410.77
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 28,225,271.55 8,523,364.78
Incl: investment gains from affiliates 614,092.86 252,251.91
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss） 10,843,427.27 -6,111,246.28
Add ：Non-operational income 3,229,984.90 2,901,713.18
Including：Income from disposal of
non-current assets
Less：Non business expenses 13,625.10 113.60
Incl：Loss from disposal of non-current
13,625.10
assets
IV.Total profit(“-”for loss) 14,059,787.07 -3,209,646.70
Less：Income tax expenses 9,720,075.44 7,762,578.12
V. Net profit 4,339,711.63 -10,972,224.82
Net profit attributable to the owners of
4,339,711.63 -10,972,224.82
parent company
Minority shareholders’ equity
VI. Other comprehensive income -17,067,416.37 -6,729,372.00
Net of profit of other comprehensive inco
me attributable to owners of the parent co -17,067,416.37 -6,729,372.00
mpany.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
19
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
（II）
Other comprehensive income that will b -17,067,416.37 -6,729,372.00
e reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2.Gains and losses from changes in fair v
-17,115,515.39 -6,729,372.00
alue available for sale financial assets
3.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
4.The effective portion of cash flow hedg
es and losses
5.Translation differences in currency fina
48,099.02
ncial statements
6.Other
7.Net of profit of other comprehensive i
ncome attributable to Minority
shareholders’ equity
VII. Total comprehensive income -12,727,704.74 -17,701,596.82
Total comprehensive income attributable
-12,727,704.74 -17,701,596.82
to the owner of the parent company
Total comprehensive income attributable
minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.0086 -0.0217
(II)Diluted earnings per share 0.0086 -0.0217
The current business combination under common control, the net profits of the combined party before achieved net profit of RMB 0,
last period the combined party realized RMB 0.
Legal Representative:Zhu Jun
Person in charge of accounting：Zhu Jun
Accounting Dept Leader: Jiang Xiaojun
20
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
4. Profit statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 15,574,636.09 15,162,691.76
Incl：Business cost 2,628,800.67 2,593,726.75
Business tax and surcharge 1,311,170.62 1,368,590.79
Sales expense
Administrative expense 4,856,217.46 6,116,283.61
Financial expenses -3,459,581.35 -3,769,853.25
Asset impairment loss 47,531.80 -5,149,149.33
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 28,225,271.55 8,523,364.78
Incl: investment gains from affiliates 614,092.86 252,251.91
II. Operational profit（“-”for loss） 38,415,768.44 22,526,457.97
Add ：Non-operational income 45,767.90
Including：Income from disposal of
non-current assets
Less：Non- business expenses 13,020.92
Incl：Loss from disposal of non-current
13,020.92
assets
III.Total profit(“-”for loss) 38,402,747.52 22,572,225.87
Less：Income tax expenses 9,447,163.67 5,577,515.21
IV. Net profit（“-”for net loss） 28,955,583.85 16,994,710.66
V.Net of profit of other comprehensive i
-17,067,416.37 -6,729,372.00
ncome
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
21
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
（II）
Other comprehensive income that will b -17,067,416.37 -6,729,372.00
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
-17,115,515.39 -6,729,372.00
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
48,099.02
ancial statements
6.Other
VI. Total comprehensive income 11,888,167.48 10,265,338.66
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Cash flow statement
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
296,524,203.31 287,771,662.92
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
22
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Net increase of client deposit and
investment
Net increase of amount from disposal
financial assets that measured by fair
value and with variation reckoned into
current gains/losses
Net increase of inter-bank fund
received
Net increase of trade financial asset
disposal
Net increase of repurchasing
business
Tax returned 29,597,251.86 28,725,232.43
Other cash received from business
14,138,666.44 21,250,214.14
operation
Sub-total of cash inflow 340,260,121.61 337,747,109.49
Cash paid for purchasing of
247,819,565.86 276,492,013.93
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 staffs 37,500,318.47 34,584,727.56
Taxes paid 5,825,344.40 5,021,253.25
Other cash paid for business activities 6,824,793.66 24,291,200.82
Sub-total of cash outflow from
297,970,022.39 340,389,195.56
business activities
Cash flow generated by business
42,290,099.22 -2,642,086.07
operation, net
II.Cash flow generated by investing
Cash received from investment
28,690,401.92 9,148,610.38
retrieving
Cash received as investment gains 360,000.00 278,775.00
23
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Net cash retrieved from disposal of
fixed assets, intangible assets, and
other long-term assets
Net cash received from disposal of
100,386,000.00
subsidiaries or other operational units
Other investment-related cash received 102,005,285.49
Sub-total of cash inflow due to
29,050,401.92 211,818,670.87
investment activities
Cash paid for construction of
fixed assets, intangible assets 9,442,513.54 21,098,152.52
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
16,500.00
activities
Sub-total of cash outflow due to
9,459,013.54 21,098,152.52
investment activities
Net cash flow generated by investment 19,591,388.38 190,720,518.35
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
minor shareholders
Cash received as loans 6,505,071.02 17,446,619.54
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
6,505,071.02 17,446,619.54
activities
Cash to repay debts 25,501,218.69
Cash paid as dividend, profit, or
56,000.00
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities
Sub-total of cash outflow due to
25,501,218.69 56,000.00
financing activities
24
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Net cash flow generated by financing -18,996,147.67 17,390,619.54
IV. Influence of exchange rate
alternation on cash and cash 376,784.29 941,476.77
equivalents
V.Net increase of cash and cash
43,262,124.22 206,410,528.59
equivalents
Add: balance of cash and cash
1,098,232,359.02 943,913,951.68
equivalents at the beginning of term
VI ..Balance of cash and cash
1,141,494,483.24 1,150,324,480.27
equivalents at the end of term
6. Cash flow statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
14,838,385.39 15,316,134.51
rending of services
Tax returned
Other cash received from business
9,529,157.66 14,468,452.95
operation
Sub-total of cash inflow 24,367,543.05 29,784,587.46
Cash paid for purchasing of
848,022.85 1,382,396.81
merchandise and services
Cash paid to staffs or paid for staffs 4,399,608.28 5,607,237.21
Taxes paid 3,916,923.70 2,717,755.07
Other cash paid for business activities 1,598,162.67 2,972,725.82
Sub-total of cash outflow from
10,762,717.50 12,680,114.91
business activities
Cash flow generated by business
13,604,825.55 17,104,472.55
operation, net
II.Cash flow generated by investing
Cash received from investment
28,690,401.92 9,148,610.38
retrieving
Cash received as investment gains 278,775.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and
other long-term assets
25
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
Net cash received from disposal of
100,386,000.00
subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to
28,690,401.92 109,813,385.38
investment activities
Cash paid for construction of
fixed assets, intangible assets 4,021,629.18 2,721,201.00
and other long-term assets
Cash paid as investment
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
4,021,629.18 2,721,201.00
investment activities
Net cash flow generated by investment 24,668,772.74 107,092,184.38
III.Cash flow generated by financing
Cash received as investment
Cash received as loans
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
activities
Cash to repay debts
Cash paid as dividend, profit, or
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
financing activities
Net cash flow generated by financing
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
38,273,598.29 124,196,656.93
equivalents
Add: balance of cash and cash
457,379,886.16 365,620,681.34
equivalents at the beginning of term
26
深圳市纺织(集团)股份有限公司 2015 年第一季度报告全文
VI ..Balance of cash and cash
495,653,484.45 489,817,338.27
equivalents at the end of term
II. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
This report is not audited.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
April 29, 2015
27
