Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
Stock code: 000045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No.:2022-14
Shenzhen Textile (Group) Co., LTD
The First Quarter 2022 Report
The members of the Board and the Company acknowledge being responsible for the truthfulness,
accuracy, and completeness of the announcement. Not any false record, misleading statement or significant
omission carried in this announcement.
Important content reminder:
1.The Board of Directors, The Supervisory Committee, the supervisors and the directors of the Company
guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and we
will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report.
2. Principal of the Company, Person in Charge of Accounting Works and Person in Charge of Accounting Organ
(Accounting Officer) hereby confirm that the Financial Report of the First Quarterly Report is authentic, accurate
and complete.
3. Whether the First Quarterly Report has been audited or not
□Yes √No
4. This Report has been prepared in both Chinese and English, in case any discrepancy, the Chinese version shall
prevail.
I. Main financial data
(I) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Increase/decrease from
year-begin to period-end
Same period of
This period compared with the same
last year
period of the previous
year
Operating income (RMB) 670,551,882.04 552,950,209.39 21.27%
Net profit attributable to the shareholders of the listed
17,625,745.18 42,776,335.85 -58.80%
company（Yuan）
Net profit after deducting of non-recurring gain/loss
15,102,181.63 39,905,925.26 -62.16%
attributable to the shareholders of listed company（Yuan）
Cash flow generated by business operation, net（Yuan） -65,966,923.49 -75,288,004.27 12.38%
Basic earning per share(Yuan/Share) 0.0348 0.0842 -58.67%
Diluted gains per share(Yuan/Share) 0.0348 0.0842 -58.67%
Weighted average return on equity（%） 0.62% 1.53% -0.91%
Changes of this
End of this period End of last period period-end over same
period-end of last year(%)
Gross assets（Yuan） 5,614,397,580.92 5,496,647,107.83 2.14%
Net assets attributable to the shareholders of the listed
2,834,412,300.14 2,816,795,889.89 0.63%
company（Yuan）
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
（II）Items and amount of non-current gains and losses
√ Applicable □ Not applicable
Unit: yuan
Amount of this
project explain
reporting period
Non-current asset disposal gain/loss(including the write-off part for which
-12,114.72
assets impairment provision is made)
Governmental Subsidy accounted as current gain/loss, except for those Other benefits of government
subsidies at with amount or quantity fixed by the national government and 4,300,287.54 subsidies that are confirmed
closely related to the Company’s business operation. related to the main business
Net amount of non-operating income and expense except the aforesaid
-93,647.44
items
Less :Influenced amount of income tax 11,413.84
Influenced amount of minor shareholders’ equity (after tax) 1,659,547.99
Total 2,523,563.55 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
□ Applicable √ Not applicable
The Company does not have other gain/loss items that qualified the definition of non-recurring profit
(gains)/losses
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure
for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q &A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss”defined as
recurring gain/loss
(III) Particulars about changes in items of main accounting data and financial index and explanations of
reasons
√ Applicable □Not applicable
The reporting period attributable to shareholders of the same period last year, the main reason: one is the
large TV polarized light industrialization project (line 7), line 7 has not been put into production in the second half
of 2021, high fixed assets depreciation and amortization, resulting in higher product unit manufacturing cost, and
the line 7 after the consolidation project loan interest of 7.6999 million yuan in the same period last
year.Excluding the incomparable factors such as the climbing of Line 7 and the liquidation income of subsidiaries,
despite the adverse factors such as the declining market and the rising raw material prices in the second half of last
year, the company has maintained a steady operating performance in this reporting period compared with the same
period of last year by further optimizing the product and customer structure and improving the lean management
level compared with the same period of last year.
At present, the yield and loss rate and other technical indicators of Line 7 have improved month by month,
the production capacity has increased, and the company's operating performance is improving month by
month.The main products of Line 7 have been completed through customer verification, the order volume has
been gradually increased, and the unit manufacturing cost of the products has been gradually reduced. With the
smooth climbing progress of Line 7, the subsequent products will have a positive impact on the company's
business performance.
Ending Operaing
Items balance balance(RMB Changes ratio Reasons of changes
(RMB 10,000) 10,000)
It is mainly caused by the purchase of money funds,
Monetary funds 12,186.80 30,247.28 -59.71% investment in Line 7 and Guangzhou RTP projects during the
reporting period.
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
It is mainly due to the maturity and acceptance of notes
Notes receivable 2,983.82 14,994.29 -80.10%
receivable during the reporting period.
Mainly due to the increase of polarizer business sales revenue
Account receivable 63,186.38 47,999.87 31.64%
during the reporting period.
Financing Mainly due to the increase of polarizer business sales revenue
6,098.40 2,147.41 183.99%
receivable during the reporting period.
Mainly due to the increase of prepaid materials during the
Prepayments 6,709.56 1,540.66 335.50%
reporting period.
Other current
8,525.52 2,950.34 188.97% This is mainly due to the increase in the input tax expected.
assets
Construction in Mainly due to the reporting period Guangzhou RTP project
1,709.75 7,148.20 -76.08%
process under construction to solid.
Amount at the Amount at the
same period of
Items period（RMB Changes ratio Reasons of changes
last year(RMB
10,000)
10,000)
It is mainly caused by the increase of polarizer business sales
Operating
67,055.19 55,295.02 21.27% after the mass production of Line 7 during the reporting
income
period.
It is mainly due to the year-on-year increase of operating
revenue and the increase of simultaneous operating costs.
Operating
57,967.15 42,781.74 35.50% However, due to the low sales gross profit margin of new line
costs
7 products during the reporting period, the growth of
operating costs exceeded the growth of operating revenue.
It is mainly caused by the increase in accounts receivable and
Credit impairment
-416.89 3.75 -11219.63% the corresponding increase in bad debt provision during the
loss
reporting period.
Due to the main fact that Line 7 is still in the climbing period,
the high manufacturing cost of the product unit, the loan
Operating
2,499.21 6,882.35 -63.69% interest of Line 7 is recorded in the reporting period; the
profit
income from the liquidation and cancellation of the subsidiary
in the same period of last year.
Due to the main fact that Line 7 is still in the climbing period,
the high manufacturing cost of the product unit, the loan
Total profit 2,489.84 6,882.00 -63.82% interest of Line 7 is recorded in the reporting period; the
income from the liquidation and cancellation of the subsidiary
in the same period of last year.
Income tax Mainly due to the reduction of enterprise income tax expenses
191.99 672.05 -71.43%
expenses during the reporting period.
Due to the main fact that Line 7 is still in the climbing period,
the high manufacturing cost of the product unit, the loan
Net profit 2,297.86 6,209.95 -63.00% interest of Line 7 is recorded in the reporting period; the
income from the liquidation and cancellation of the subsidiary
in the same period of last year.
Cash flow
Mainly due to the reduction of loans to Line 7 projects in this
generated by 2,035.56 7,186.57 71.68%
reporting period.
financing
II. Shareholders Information
(I) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
Unit: stock
Total preference shareholders with the voting
Total number of common shareholders at the
24,671 power recovered at the end of the reporting 0
period-end
period(if any)
Shares held by the top 10 shareholders
Properties of Share Pledging or freezing
Shareholder name Quantity Amount of
shareholder proporti Status Quantity
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
on % of the
tradable shares
shares
with Conditional
held
Shenzhen Investment Holdings State-owned
46.21% 234,069,436
Co., Ltd. legal person
Shenzhen Shenchao Technology State-owned
3.18% 16,129,032
Investment Co., Ltd. legal person
Domestic
Sun Huiming 1.19% 6,008,653
natural person
Domestic
Deng Yan 1.11% 5,604,400
natural person
Domestic
Chen Danzhen 1.09% 5,543,800
natural person
Domestic
Liu Shenpei 0.95% 4,801,288
natural person
Domestic
Su Weipeng 0.60% 3,016,010 pledge 2,800,000
natural person
Domestic
Mao Yuxia 0.55% 2,792,400
natural person
Domestic
Qi Jianhong 0.44% 2,218,800
natural person
China Construction Bank
Company Limited-Cinda
Australia Bank New Energy Others 0.43% 2,174,610
Industry Equity Securities
Investment Fund
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted Share type
Name of the shareholder shares held at the end of the
reporting period Share type Quantity
Shenzhen Investment Holding Co., Ltd 234,069,436 RMB common stock 234,069,436
Shenzhen Shenchao Technology Investment Co.,
16,129,032 RMB common stock 16,129,032
LTD
Domestic listed
Sun Huiming 6,008,653 6,008,653
foreign shares
Deng Yan 5,604,400 RMB common stock 5,604,400
Chen Danzhen 5,543,800 RMB common stock 5,543,800
Liu Shenpei 4,801,288 RMB common stock 4,801,288
Su Weipeng 3,016,010 RMB common stock 3,016,010
Mao Yuxia 2,792,400 RMB common stock 2,792,400
Qi Jianhong 2,218,800 RMB common stock 2,218,800
China Construction Bank Company Limited-Cinda
Australia Bank New Energy Industry Equity 2,174,610 RMB common stock 2,174,610
Securities Investment Fund
Among the top 10 common shareholders, Shenzhen Investment Holding
s Co., Ltd. and Shenzhen Shenchao Technology Investment Co., Ltd. do
not constitute a concerted party relationship. In addition, the company d
Description of the above shareholder association or oes not know whether there is an associated relationship among the top
concerted action 10 ordinary shareholders, and between the top 10 ordinary shareholders
and the top 10 shareholders, or whether they are persons taking concerte
d action defined in Regulations on Disclosure of Information about Shar
eholding of Shareholders of Listed Companies.
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
(II) Total shareholders with preferred stock held and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable
III. Other significant events
√ Applicable □ Not applicable
(I) Progress of polarizer industrialization project for ultra-large TV (Line 7)
During the reporting period, technical indicators such as yield and loss rate of Line 7 improved month by month,
production capacity increased, and the company's operating performance improved month by month.The main
products of Line 7 have been completed through customer verification, the order volume has been gradually
increased, and the unit manufacturing cost of the products has been gradually reduced. With the smooth climbing
progress of Line 7, the subsequent products will have a positive impact on the company's business performance.
(II) About the investment and construction of RTS after the production line
In 2021, the company increased investment in one RTS production line, the total project investment does not
exceed 30 million yuan; By March 31,2022, RMB 23,8.828, actually paid 17,628,500 yuan; By 31st March 2022,
the company overcame the adverse impact of the epidemic and accelerated the construction of the RTS production
line, which is expected to be completed in the second quarter of 2022.
(III) Progress in subsidiaries participating in the establishment of industrial funds
On November 16,2017, the company subsidiary shengbo photoelectric and fund manager huai ji investment,
general partner jin investment and other limited partners signed the changxing jun ying equity investment
partnership (limited partnership) partnership agreement, jointly launched industrial fund, focus on related to the
company's main business, fund scale 50 million yuan, sheng bo photoelectric as one of the limited partners of
industrial fund, subscribed 28.5 million yuan, see giant tide information network (http: / / www.cninfo.com."cn.)
Company Announcement No.2017-55".
On February 10,2018, Changxing Junying has completed the industrial and commercial registration, and has
completed the private investment fund filing on February 8,2018, please refer to Juchao Information Network
(http: / / www.cninfo.com.Company Announcement, cn) 2018-05.
As of March 31,2022, Changxing Junying has accumulated invested in 3 projects, with a total investment
amount of 42 million yuan.
Fund contribution
No Name Investment
（RMB 10,000）
1 Shenzhen Kaichuang Shijia Technology Co., Ltd. Optical Film 1,400
2 Shenzhen Shenfuyu Electronic Technology Co., Ltd. Optical Film 1,300
3 Shenzhen Hengbaoshun Technology Development Co., Ltd. Optical Film 1,500
(IV) The disposal of assets of the joint venture company Xieli Automobile Co., Ltd.
Shenzhen Xili Automobile Co., LTD. (hereinafter referred to as "Shenzhen Xili") is a Sino-foreign joint venture
invested by the company and Hong Kong Xili Maintenance Company in 1981, with a registered capital of 3.12
million yuan, and the company holds 50% of the equity.The company operated until 2008 and its business license
was revoked in 2014, with the main assets were property.In March 2020, Shenzhen Xili Industry and Commerce
has been cancelled, but there are three properties under its name how to dispose of both shareholders need to solve
after further negotiation.
On July 26,2021, the Company filed to the People's Court of Yantian District, Shenzhen City, Guangdong
Province the cancellation of Shenzhen Market Supervision Administration of Shenzhen Xili Automobile
Enterprise Co., Ltd. on March 9,2020; On November 21,2021, the cancellation of Shenzhen Xili Automobile
Enterprise Co., Ltd.; on December 3 and December 6,2021, Hong Kong Xili and Shenzhen Market Supervision
Administration submitted an appeal to the Shenzhen Intermediate People's Court respectively.On April 18, 2022,
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
the company received the notice of the second instance hearing sent by Shenzhen intermediate people's court. The
case was heard on April 27, 2022. As of the disclosure date of this report, the company has not received the
judgment result of the second instance.
IV. Quarterly financial statements
(1) Financial statements
1. Consolidated balance sheet
Prepared by: Shenzhen Textile (Group) Co., LTD
In RMB
Items March 31, 2022 March 31, 2021
Current asset：
Monetary fund 121,867,997.52 302,472,828.60
Settlement provision
Outgoing call loan
Transactional financial assets 710,992,246.79 586,540,735.16
Derivative financial assets
Notes receivable 29,838,237.17 149,942,880.28
Account receivable 631,863,822.83 479,998,708.57
Financing receivable 60,983,972.96 21,474,101.07
Prepayments 67,095,605.10 15,406,619.53
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Other account receivable 106,238,805.90 140,185,750.40
Including：Interest receivable 91,547.13
Dividend receivable
Repurchasing of financial assets
Inventories 767,239,406.08 667,461,447.03
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 85,255,221.34 29,503,352.42
Total of current assets 2,581,375,315.69 2,392,986,423.06
Non-current assets：
Loans and payment on other’s behalf disbursed
Creditor's Investment
Other Creditor's Investment
Long-term receivable
Long term share equity investment 132,915,289.85 133,022,325.77
Other equity instruments investment 186,033,829.72 186,033,829.72
Other non-current financial assets 30,650,943.40 30,650,943.40
Property investment 104,445,128.42 106,217,779.76
Fixed assets 2,428,601,151.17 2,424,741,252.86
Construction in progress 17,097,540.42 71,482,031.08
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
Production physical assets
Oil & gas assets
Use right assets 9,221,189.37 9,221,189.37
Intangible assets 47,387,543.01 48,635,160.00
Development expenses
Goodwill
Long-germ expenses to be amortized 5,170,341.08 5,387,295.94
Deferred income tax asset 3,708,379.99 3,708,596.78
Other non-current asset 67,790,928.80 84,560,280.09
Total of non-current assets 3,033,022,265.23 3,103,660,684.77
Total of assets 5,614,397,580.92 5,496,647,107.83
Current liabilities
Short-term loans 42,453,773.89 37,575,113.83
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 33,407,331.28 16,682,324.12
Account payable 394,196,964.85 283,643,842.23
Advance receipts 5,098,962.57 1,805,311.57
Contract liabilities 340,528.94 68,955.21
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 56,758,706.14 59,719,860.24
Tax payable 4,177,510.64 9,200,627.09
Other account payable 139,672,295.52 201,317,421.35
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 5,175,393.52
Other current liability 37,088,751.30 27,523,903.58
Total of current liability 713,194,825.13 642,712,752.74
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 711,388,134.97 683,016,243.25
Bond payable
Including：preferred stock
Sustainable debt
Lease liability 9,419,249.23 4,243,855.71
Long-term payable
Long-term remuneration payable to staff
Expected liabilities 25,621,002.16 30,741,055.00
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
Deferred income 106,333,226.06 110,461,293.15
Deferred income tax liability 61,642,660.91 61,642,660.91
Other non-current liabilities
Total non-current liabilities 914,404,273.33 890,105,108.02
Total of liability 1,627,599,098.46 1,532,817,860.76
Owners’ equity
Share capital 506,521,849.00 506,521,849.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 1,961,599,824.63 1,961,599,824.63
Less：Shares in stock
Other comprehensive income 119,672,784.12 119,682,119.05
Special reserve
Surplus reserves 98,245,845.47 98,245,845.47
Common risk provision
Retained profit 148,371,996.92 130,746,251.74
Total of owner’s equity belong to the parent company 2,834,412,300.14 2,816,795,889.89
Minority shareholders’ equity 1,152,386,182.32 1,147,033,357.18
Total of owners’ equity 3,986,798,482.46 3,963,829,247.07
Total of liabilities and owners’ equity 5,614,397,580.92 5,496,647,107.83
Legal representative: Zhang Jian Person in charge of accounting work: He Fei Head of accounting institution: Zhu Jingjing
2. Consolidated income statement
In RMB
Items Amount in this period Amount in last period
I. Turnover 670,551,882.04 552,950,209.39
Including：Operating income 670,551,882.04 552,950,209.39
Interest income
Insurance fee earned
Commission charge and commission income
II. Total operating costs 631,453,868.00 467,514,146.26
Including ：Operating costs 579,671,495.55 427,817,363.33
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty, net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 2,117,586.03 2,169,731.19
Sales expense 8,619,166.65 12,186,927.12
Administrative expense 31,849,295.48 25,121,747.46
R & D expense 13,080,014.85 11,210,174.64
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
Financial expenses -3,883,690.55 -10,991,797.48
Including：Interest expense
Interest income
Add：Other income 4,300,287.54 4,666,489.60
Investment gain（“-”for loss） 5,112,851.74 5,008,410.87
Including: investment gains from affiliates -97,700.99 -267,795.43
Financial assets measured at amortized cost cease to be recognized as
income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value 402,037.73
Credit impairment loss -4,168,918.12 37,491.52
Impairment loss of assets -19,338,029.09 -26,726,948.99
Assets disposal income -12,114.72
III. Operating profit（“-”for loss） 24,992,091.39 68,823,543.86
Add ：Non-operating income 7,030.76 3,907.91
Less: Non-operating expense 100,678.20 7,403.96
IV. Total profit(“-”for loss) 24,898,443.95 68,820,047.81
Less：Income tax expenses 1,919,873.63 6,720,531.16
V. Net profit 22,978,570.32 62,099,516.65
(I) Classification by business continuity
1.Net continuing operating profit 22,978,570.32 62,099,516.65
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of parent company 17,625,745.18 42,776,335.85
2.Minority shareholders’ equity 5,352,825.14 19,323,180.80
VI. Net after-tax of other comprehensive income -9,334.93 134,830.38
Net of profit of other comprehensive income attributable to owners of the par
-9,334.93 134,830.38
ent company.
（I）Other comprehensive income items that will not be reclassified into
113,852.14
gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or net a
ssets
2.Other comprehensive income under the equity method investee can not
be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity instruments 113,852.14
4. Changes in the fair value of the company’s credit risks
5.Other
(II)Other comprehensive income that will be reclassified into profit or loss -9,334.93 20,978.24
1.Other comprehensive income under the equity method investee can be r
eclassified into profit or loss.
2. Changes in the fair value of investments in other debt obligations
3. Other comprehensive income arising from the reclassification of
financial assets
4.Allowance for credit impairments in investments in other debt
obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statements -9,334.93 20,978.24
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
7.Other
Net of profit of other comprehensive income attributable to Minority
shareholders’ equity
VII. Total comprehensive income 22,969,235.39 62,234,347.03
Total comprehensive income attributable to the owner of the parent company 17,616,410.25 42,911,166.23
Total comprehensive income attributable minority shareholders 5,352,825.14 19,323,180.80
VIII. Earnings per share
(I)Basic earnings per share 0.0348 0.0842
(II)Diluted earnings per share 0.0348 0.0842
If the enterprise merger under the same control occurs in this period, the net profit realized by the consolidated party before the
merger is 0.00 yuan, and the net profit realized by the consolidated party in the previous period is 0.00 yuan.
Legal representative: Zhang Jian Person in charge of accounting work: He Fei Head of accounting institution: Zhu Jingjing
3. 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 rending of services 604,500,101.55 497,878,724.28
Net increase of customer deposits and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Cash received from interest, commission charge and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Net cash received by agent in securities trading
Tax returned 1,364,975.85 6,520,333.41
Other cash received from business operation 52,681,743.74 50,348,087.80
Sub-total of cash inflow 658,546,821.14 554,747,145.49
Cash paid for purchasing of merchandise and services 502,457,863.05 464,527,899.35
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Net increase for Outgoing call loan
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 66,865,538.16 72,133,529.61
Taxes paid 135,772,979.52 10,012,400.49
Other cash paid for business activities 19,417,363.90 83,361,320.31
Sub-total of cash outflow from business activities 724,513,744.63 630,035,149.76
Net cash generated from /used in operating activities -65,966,923.49 -75,288,004.27
II. Cash flow generated by investing
Cash received from investment retrieving 20,230,035.72
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2022
Cash received as investment gains 1,673,424.66 5,129,520.27
Net cash retrieved from disposal of fixed assets, intangible assets, and
1,776.70
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 470,457,427.76
Sub-total of cash inflow due to investment activities 1,675,201.36 495,816,983.75
Cash paid for construction of fixed assets, intangible assets and other
16,535,761.62 89,469,056.52
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 activities 120,000,000.00 512,374,977.65
Sub-total of cash outflow due to investment activities 136,535,761.62 601,844,034.17
Net cash flow generated by investment -134,860,560.26 -106,027,050.42
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from minor shareholders
Cash received as loans 27,922,000.00 75,966,000.00
Other financing –related cash received
Sub-total of cash inflow from financing activities 27,922,000.00 75,966,000.00
Cash to repay debts
Cash paid as dividend, profit, or interests 7,566,288.88 4,020,397.33
Including: Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities 128.63 79,933.50
Sub-total of cash outflow due to financing activities 7,566,417.51 4,100,330.83
Net cash flow generated by financing 20,355,582.49 71,865,669.17
IV. Influence of exchange rate alternation on cash and cash equivalents -68,534.94 548,403.88
V.Net increase of cash and cash equivalents -180,540,436.20 -108,900,981.64
Add: balance of cash and cash equivalents at the beginning of term 302,408,433.72 278,337,236.95
VI.Balance of cash and cash equivalents at the end of term 121,867,997.52 169,436,255.31
（II）Audit report
Is the First Quarterly Report be audited?
□ Yes √No
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
April 29,2022
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