Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Stock code: 000045,200045 Stock Abbreviation: Shen Textile A,Shen Textile B Announcement No.: 2017-50
Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2017
1
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
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 Meizhu, Chief financial officer and the Mrs. Mu Linying ,
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.
II. Main financial data and changes of shareholders
（1）Main financial 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 As at the end of last
Changed （%）over end of prev. year
reporting period year
Gross assets（RMB） 4,090,812,137.82 4,119,586,266.47 -0.70%
Net assets attributable to the
shareholders of the listed 2,372,792,289.14 2,339,554,176.31 1.42%
company（RMB）
Between beginning
Increase/decrease
of the year to the Changed （%）over
Reporting period over the same period
end of the report end of prev. year
of last year（%）
period
Operating income（RMB） 331,001,389.67 8.27% 1,070,339,146.54 24.77%
Net profit attributable to the
shareholders of the listed 19,241,712.46 186.17% 33,699,554.09 164.28%
company（RMB）
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Net profit after deducting of
non-recurring gain/loss
10,458,557.56 136.41% 6,172,371.21 110.10%
attributable to the shareholders
of listed company（RMB）
Cash flow generated by business
-- -- -212,907,824.15 -338.46%
operation, net（RMB）
Basic earning per
0.04 200.00% 0.07 170.00%
share(RMB/Share)
Diluted gains per
0.04 200.00% 0.07 170.00%
share(RMB/Share)(RMB/Share)
Weighted average income/asset
0.81% 1.85% 1.43% 3.87%
ratio（%）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to
Items the end of the report Notes
period.)
Non-current asset disposal gain/loss(including the write-off part
-1,891.59
for which assets impairment provision is made)
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business 7,044,206.96
and granted under the state’s policies)
Gain/loss on entrusting others with investment or asset
34,608,333.31
management
Gain/loss on Contingent events irrelevant to the Company’s
418,132.96
normal business
Other non-business income and expenditures other than the
5,321,327.72
above
Less :Influenced amount of income tax 1,795,610.24
Influenced amount of minor shareholders’ equity (after tax) 18,067,316.24
Total 27,527,182.88 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the
Public-Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item.
□ Applicable √Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total preference
shareholders with the voting
Total number of common
40,954 power recovered at the end 0
shareholders at the period-end
of the reporting period(if
any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
tradable shares
Shareholder Properties of Share
Quantity with Status of the
name shareholder proportion % Quantity
Conditional shares
held
Shenzhen
Investment State-owned
46.21% 234,069,436 0
Holdings Co., legal person
Ltd.
Shenzhen
Shenchao
State-owned
Technology 3.18% 16,129,032 0
Legal person
Investment Co.,
Ltd.
Domestic
Sun Huiming 0.47% 2,396,826 0
Nature person
Domestic
Liu Dongxia 0.30% 1,523,900 0
Nature person
Domestic
Su Yunze 0.28% 1,401,500 0
Nature person
Domestic
Zhu Ye 0.26% 1,331,945 0
Nature person
Domestic
Wang Mincang 0.25% 1,280,236 0
Nature person
Domestic
Hong Fan 0.19% 972,400 0
Nature person
Domestic
Su Zhifen 0.19% 965,200 0
Nature person
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Central Huijin
Asset State-owned
0.19% 958,300 0
Management Legal person
Co., Ltd.
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Shenzhen Investment Holdings RMB Common
234,069,436 234,069,436
Co., Ltd. shares
Shenzhen Shenchao Technology RMB Common
16,129,032 16,129,032
Investment Co., Ltd. shares
Foreign shares
placed in
Sun Huiming 2,396,826 2,396,826
domestic
exchange
RMB Common
Liu Dongxia 1,523,900 1,523,900
shares
RMB Common
Su Yunze 1,401,500 1,401,500
shares
RMB Common
Zhu Ye 1,331,945 1,331,945
shares
RMB Common
Wang Mincang 1,280,236 1,280,236
shares
RMB Common
Hong Fan 972,400 972,400
shares
RMB Common
Su Zhifen 965,200 965,200
shares
Central Huijin Asset Management RMB Common
958,300 958,300
Co., Ltd. shares
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,
Explanation on shareholders the Company did not whether there is relationship between the top ten shareholders holding
participating in the margin trading non-restricted negotiable shares and between the top ten shareholders holding
business 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.
Participation of top 10 The Company Shareholder Liu Dongxia holds 1,523,900 shares of the Company through
unconditional common share stock account with credit transaction , The Company Shareholder Zhu Ye holds 1,331,945
shareholders in securities margin shares of the Company through stock account with credit transaction. The Company
trading (if any) Shareholder Wang Mincang holds 780,036 shares of the Company through stock account
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
with credit transaction.
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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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
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 closing balance of Notes receivable is RMB 27.8416 million, decreased by 33.57% compared with the
beginning of the year, Mainly due to the maturity of the notes during the reporting period;
2.The closing balance of advance payment is RMB45.2897 million, increassed by 568.65% compared with the
beginning of the year, Mainly due to the increase in the advance payment in import and export trade and the
increase in the pre-paid equipment payment for the II phase project of TFT-LCD polarizer;
3.The closing balance of interest receivable is RMB13.9065 million ,increased by 109.03% compared with the
beginning of the year，Mainly due to the provision for the interest on deposit in the reporting period;
4.The closing balance of Other account receivables is RMB 148.7362 million , increassed by 121.09% compared
with the beginning of the year, Mainly due to the increase in the money used for the technology and management
services in the construction period and the whole process of putting-into production to the mass production of the
light guide plate project and the reflective film project of Kunshan Jinlin and Zhejiang Jin Hao;
5. The closing balance of Construction in progress is RMB 283.8712 million ，increassed by 136.95% compared
with the beginning of the year, Mainly due to the increase in the investment for the construction of TFT-LCD
polarizer Phase II project;
6. The closing balance of Short-term bank loan facilities is RMB 46.6047 million，increassed by 277.8% compared
with the beginning of the year, Mainly due to the increase in the documentary bills payment for the import of raw
materials;
7. The closing balance of account payable is RMB 120.0998 million,decreased by 31.55% compared with the
beginning of the year, Mainly due to the payment of accounts payable during the reporting period;
8. The closing balance of Advances from customers is RMB51.5402 million, increased by 70.11% compared with
the beginning of the year, Mainly due to the increase in advances on sales in the import and export trade;
9. The closing balance of Employee benefits payable is RMB19.141 million , decreased by 30.09% compared
with the beginning of the year, Mainly due to the payment of staff salaries during the reporting period;
10. Financial expenses in current period increased by RMB-22.0509 million and 325.82% year on year，mainly
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
due to the increase in interest income and the decrease in exchange losses during the reporting period;
11. Impairment loss of assets in current period increased by RMB38.8051 million and 147.24% year on year，
Mainly due to the provision for bad debts and the increase in inventory falling price reserves;
12. Investment Income in current period increased by RMB36.6708 million and 792.44% year on year, Mainly
due to the increase in proceeds in the trust wealth management during the reporting period;
13. Income tax expenses in current period increased by RMB10.6192 million and 38.22% year on year，Mainly
due to the increase in taxable income during the reporting period;
14. The net cash flows from operating activities in current period decreased by RMB-212.9078 million and
338.46% year on year，Mainly due to the increase in the money used for the technology and management services
in the construction period and the whole process of putting-into production to the mass production of the light
guide plate project and the reflective film project of Kunshan Jinlin and Zhejiang Jin Hao;
15. The net cash flows from financing activities in current period increased by RMB1.8038 million and 102.34%
year on year，Mainly due to more cash paid for the repayment of debt in the same period last year.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
(1) Progress information about the second phase of No.6 line TFT-LCD polarizer project
As of September 30, 2017, the construction of the Phase II project of No.6 line has been carried out according
to the schedule, and the purification project and the procurement, installation and acceptance of the main
equipment and auxiliary equipment were completed, the whole production line commissioning was complete, the
sample had passed the product reliability test, and currently it's undergoing the speeding-up test and the trial
production of new product.
As of September 30, 2017, the accumulated investment for second phase of No.6 line project was RMB
503.8026 million, accounting for 71.94% of the adjusted total investment of RMB 700.34 million. Thereinto, the
use of raised funds was RMB 166.8024 million and the self-own funds and government funds used were RMB
337.0002 million.
(2) Progress in the construction of Guanhua Building
At the 11th meeting of the fifth session of the Board of Directors of the Company, the "Proposal about
cooperative development and construction of Guanhua Building" was examined and approved, agreed that the
company contributed RMB 42.21 million in cooperation with Hong Kong Qiao Hui Industrial Co., Ltd and
Shenzhen Guanhua Printing & Dyeing Co., Ltd to develop and construct Guanhua Building project. The project
construction started on October 15, 2011, and currently, the construction project completion of acceptance for the
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
record was obtained on June 26, 2017, Currently, the project has been completed, and it's undergoing the project
settlement, and the settlement draft for examination has been completed and sent to the Project Cost Reviewing
Station of Nanshan District for reviewing.
On August 24, 2017, the Proposal about Increasing Investment in Guan Hua Building Project was examined an
approved in the third meeting of the 7th board of directors, agreed to increase the total investment in Guanhua
Building project from RMB 84.15 million to RMB 122.94 million, of which the proportion of equity the company
has is 50.16%, therefore it's estimated that RMB 19.46 million shall be contributed, yet the actual investment shall
be based on the final settlement amount of the project.For details Juchao Website:（http://www.cninfo.com.cn.
(Announcement No.2017--47).
(3)Matters relating to the signing of the cooperation agreement by a subsidiary
As of September 30, 2017, the light guide plate production line project (Phase I) cooperated between the
company's holding subsidiary-Shenzhen Shengbo Optoelectronic Technology Co., Ltd and Kunshan Jinlin
Optoelectronic Materials Co., Ltd, and the LCD reflective film production line project (Phase I) cooperated
between Shenzhen Shengbo Optoelectronic Technology Co., Ltd and Zhejiang Jin Hao Optoelectronic Materials
Co., Ltd have been in smooth progress. Shengbo Optoelectronic performed the technical guidance and project
management services stipulated in the agreement and respectively received the RMB 3 million fees and the RMB
2.6 million fees for service of production line construction.
Shengbo Optoelectronic will continue to provide technical guidance for the construction of the second-time
matching project of the light guide plate production line; speed up the installation and commissioning of the three
production lines of liquid crystal reflective film production line project; meanwhile will assist the two projects to
complete the acceptance work, supervising the equipment debugging and raw material preparation and the
completion of first batch products.
Description of the website for disclosing
Overview of material matters Date of disclosing
provisional announcements
Matters relating to the signing of
(www.cninfo.com.cn)，Announcement
the cooperation agreement by a June 10,2017
No.：2017-29
subsidiary
Increasing investment in Guan (www.cninfo.com.cn)，Announcement
August 26,2017
Hua Building Project No.：2017-47
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
√Applicable □Not applicable
Commit Time of Period of Fulfillme
Commitment Type Contents
ment making commitm nt
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
maker commitm ent
ent
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
Shenzhen
Share system in the future, and the decrease of the
Investme Sustained Under
Commitment reduction shares they hold reaches 5% within 6 months August 4,
nt and Fulfillme
on share reform commitm after the first decrease, they will disclose an 2006
Holdings effective nt
ent announcement indicating the sale through the
Co., Ltd.
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.
Commitment in
the acquisition
report or the
report on equity
changes
The company, according to the relevant
provisions of Measures for the Administration
of Major Asset Restructuring of Listed
Companies, No.10 Guidelines for Business
No major Handling of Listed Companies- Major Asset
Commitment Shenzhen asset Restructuring and No.9 Business Memorandum
made upon the Textile(H restructur of Main Board Information December February
Fulfilled
assets oldings) ing Disclosure-Suspending Stock-trading for Listed 19,2016 18,2017
replacement Co., Ltd. commitm Companies, committed that the company shall
ents not plan a major asset restructuring matter in 2
months commenced from the date of
termination of the major asset restructuring
namely the date of announcement on resuming
the company's stock trading.
Commit Shenzhen Investment Holdings Co., Ltd. signed
Shenzhen
ments on a “Letter of Commitment and Statement on
Commitments Investme Sustained Under
horizonta Horizontal Competition Avoidance” when the October 9,
made upon nt and Fulfillme
l company issued non-public stocks in 2009. 2009
issuance Holdings effective nt
competiti Pursuant to the Letter of Commitment and
Co., Ltd.
on, Statement, Shenzhen Investment Holdings Co.,
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
related Ltd. and its wholly owned subsidiary,
transactio subsidiaries under control or any other
n and companies that have actual control of it shall not
capital be involved in the business the same as or
occupatio similar to those Shenzhen Textile currently or
n 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 the period non-public
issuance in 2012: 1. Shenzhen Investment
Holdings, as the controlling shareholder of
Shenzhen Textile, currently hasn't the
Commit production and business activities of
ments on inter-industry competition with Shenzhen
horizonta Textile or its share-holding subsidiary. 2.
l Shenzhen Investment Holdings and its
Shenzhen
competiti share-holding subsidiaries or other enterprises
Investme Sustained Under
on, owned the actual control rights can't be directly July 14,
nt and Fulfillme
related and indirectly on behalf of any person, company 2012
Holdings effective nt
transactio or unit to engage in the same or similar business
Co., Ltd.
n and in any districts in the future by the form of
capital share-holding, equity participation, joint
occupatio venture, cooperation, partnership, contract,
n 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
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
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.
Equity
incentive
commitment
Other
commitments
made to
minority
shareholders
Executed
Yes
timely or not?
If the
commitments
failed to
complete the
execution when
expired, should
specifically Nil
explain the
reasons of
unfulfillment
and the net
stage of the
working plan
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
IV．Prediction of Business performance for 2017
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. Investment in securities
□ Applicable √Not applicable
No Securities investment in period
VI. Investment in derivatives
□ 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. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed
company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
X.Implementation of the social Responsibility of taking targeted measures to alleviate poverty
in light of local Conditions.
In The report third quarter, the company neither carried out the work of taking targeted measures to alleviate
poverty in light of local conditions nor has such a plan.
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 28,2017
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