Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
Stock code: 000045,200045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No. :2023-21
Shenzhen Textile (Holdings) Co., Ltd.
The First Quarterly Report 2023
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 Notice
1.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.
2. Person in charge of the Company, head of accounting and person in charger of accounting organ (accounting
officer) hereby confirm that the financial information of this Quarterly Report is authentic, accurate and complete.
3. The first quarterly report audited or not
□Yes √No
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
I. Main financial data
(i) Main accounting data and financial indexes
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √No
Changes of this period
This period Same period of last year over same period of last
year（％）
Operating income（RMB） 679,306,013.14 670,551,882.04 1.31%
Net profit attributable to the shareholders of
the listed company（RMB） 13,108,613.21 17,625,745.18 -25.63%
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 5,976,220.27 15,102,181.63 -60.43%
listed company（RMB）
Cash flow generated by business operation,
net（RMB） 2,240,056.33 -65,966,923.49 103.40%
Basic earning per share(RMB/Share) 0.0259 0.0348 -25.57%
Diluted gains per -25.57%
0.0259 0.0348
share(RMB/Share)(RMB/Share)
Weighted average ROE(%) 0.46% 0.62% -0.16%
Changes of this period-
End of this period End of last period end over same period-end
of last year(%)
Gross assets（RMB） 5,576,417,865.41 5,617,137,367.90 -0.73%
Net assets attributable to the shareholders of
the listed company（RMB） 2,862,517,688.17 2,849,264,555.21 0.46%
（ii）Items and amount of non-current gains and losses Items and amount of non-current gains and
losses
√ Applicable □ Not applicable
Items Current amount Note
Government subsidy recognized in current gain and Other benefits of government
loss(excluding those closely related to the Company’s 14,445,562.61 subsidies that are confirmed related
business and granted under the state’s policies) to the main business
Other non-operating income and expenditure except for
-512,881.53
the aforementioned items
Less: Amount of influence of income tax 2,094,958.95
Amount of influence of minority interests（After tax） 4,705,329.19
Total 7,132,392.94
Details of other profit and loss items that meet the non-recurring profit and loss definition
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.
Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss
□ Applicable √ Not applicable
There are no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
(iii)Particulars about material changes in items of main accounting statement and financial index and
explanations of reasons
√ Applicable □Not applicable
The net profit attributable to shareholders of the listed company in the reporting period decreased from the
same period of the previous year. It’s mainly due to: First, affected by the intensification of industry competition,
the price of polarizers has declined; Second, the RMB exchange rate has fallen, the procurement cost of
imported raw materials has risen, and the exchange loss has increased
Ending Operating
Items balance(RMB balance(RMB Changes ratio Reasons of changes
'0,000) '0,000)
Monetary funds 67,272.12 99,179.00 -32.17% the purchase of structured deposits during the reporting period.
Trading financial
60,890.56 31,960.54 90.52% the purchase of structured deposits during the reporting period.
assets
Financing the maturity of some bankers' acceptances during the reporting
3,623.27 5,441.38 -33.41%
receivable period.
the increase in advances for materials during the reporting
Prepayments 2,811.45 1,839.14 52.87%
period.
Accounts
the increase in advance receipts for polarizer business during the
received in 276.01 139.33 98.10%
reporting period.
advance
Lease liability 1,209.33 862.87 40.15% the increase in rental warehouses during the reporting period.
Amount at the Amount at the
Items period(RMB same period of last Changes ratio Reasons of changes
'0,000) year(RMB '0,000)
R&D expense 1,892.12 1,308.00 44.66% the increase in R&D expenditure during the reporting period.
Financial
582.55 -388.37 250.00% exchange rate fluctuations in the reporting period
expenses
Loss of assets a reversal for the provision of inventory declines in the reporting
-765.91 -1,933.80 60.39%
impairment period.
Loss of credit the recovery of receivables in the reporting period and the
139.29 -416.89 133.41%
impairment reversal for the provision for bad debts.
Income from
0 -1.21 100.00% no disposition of assets occurred during the reporting period.
assets disposal
Other income 1,444.56 430.03 235.92% government grants received during the reporting period.
Non-operating the material insurance claims received during the reporting
8.50 0.70 1,114.29%
income period.
Non-operating the occurrence of customer quality claims compensation during
59.79 10.07 493.74%
expense the reporting period.
Income tax the increase in corporate income tax expense during the
551.66 191.99 187.34%
expense reporting period.
Net cash flows Mainly due to the significant increase in value-added tax
arising from expenditure due to the landing of the No. 19 [2021] fiscal tariff
224.01 -6,596.69 103.40%
operating in the same period last year, but there is no such impact this
activities year.
Net cash flows
arising from the purchase of bank structured deposits during the reporting
-28,970.13 -13,486.06 -114.82%
investing period.
activities
Net cash flows
arising from
-3,089.71 2,035.56 -251.79% the repayment of long-term loans during the reporting period.
financing
activities
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
II. Shareholders
(i)Total number of common shareholders and preference shareholders with voting rights recovered and
top ten shareholders
In Shares
Total number of common
Total preference shareholders with voting rights
shareholders at the end of report 34,973 0
recovered at end of reporting period (if applicable)
period
Top ten shareholders
Information of shares
Amount pledged, tagged or frozen
Proporti
of lock- State
Nature of on of Amount of shares
Shareholder’s name up
shareholder shares held of Amount
shares
held
held share
Shenzhen Investment Holdings State-owned legal
46.21% 234,069,436.00
Co., Ltd. person
Shenzhen Shenchao Technology State-owned legal
3.18% 16,129,032.00
Investment Co., Ltd. person
Domestic Nature
Sun Huiming 1.23% 6,208,853.00
person
Domestic non-
Zhangzhou Xiaotian Venture
state-owned legal 0.81% 4,088,800.00
Capital Co., Ltd.
person
Domestic Nature
Su Weipeng 0.71% 3,580,000.00 Pledge 2,800,000.00
person
Domestic Nature
Chen Xiaobao 0.64% 3,263,284.00
person
Domestic Nature
Li Zengmao 0.46% 2,332,697.00
person
Domestic Nature
Peng Xun 0.32% 1,642,300.00
person
Domestic Nature
Chen Zhaoyao 0.31% 1,588,800.00
person
Domestic non-
Shenzhen Pengkang
state-owned legal 0.28% 1,429,200.00
Pharmaceutical Co., Ltd
person
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the Share type
Name of the shareholder
end of the reporting period Share type Quantity
Shenzhen Investment Holdings RMB Common
234,069,436.00 234,069,436.00
Co., Ltd. shares
Shenzhen Shenchao Technology RMB Common
16,129,032.00 16,129,032.00
Investment Co., Ltd. shares
Foreign shares
Sun Huiming 6,208,853.00 placed in domestic 6,208,853.00
exchange
Zhangzhou Xiaotian Venture RMB Common
4,088,800.00 4,088,800.00
Capital Co., Ltd. shares
RMB Common
Su Weipeng 3,580,000.00 3,580,000.00
shares
RMB Common
Chen Xiaobao 3,263,284.00 3,263,284.00
shares
RMB Common
Li Zengmao 2,332,697.00 2,332,697.00
shares
RMB Common
Peng Xun 1,642,300.00 1,642,300.00
shares
Chen Zhaoyao 1,588,800.00 RMB Common 1,588,800.00
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
shares
Shenzhen Pengkang RMB Common
1,429,200.00 1,429,200.00
Pharmaceutical Co., Ltd shares
Shenzhen Investment Holdings Co., Ltd. and Shenzhen Shenchao
Technology Investment Co., Ltd., which are both under the actual control
of the State-owned Assets Supervision and Administration Commission
of the Shenzhen Municipal People's Government, are the concerted
Related or acting-in-concert parties among actors. In addition, the Company is unclear about whether there is any
shareholders above association among the top 10 shareholders of unrestricted circulation
shares, or between the top 10 shareholders of unrestricted circulation
shares and the top 10 shareholders, or whether they are concerted actors
as stipulated in the Administrative Measures for the Disclosure of
Shareholding Information of Shareholders in Listed Companies.
Explanation on shareholders participating in the
None
margin trading business(if any )
(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
III. Other important matters
√Applicable □Not applicable
(I)The progress of this reorganization
The shares of the company were suspended from trading on the morning of December 19, 2022. On
December 30, 2022, the company held the nineteenth meeting of the Eighth Board of Directors and the
thirteenth meeting of the Eighth Board of Supervisors, and deliberated and passed the Proposal on the "Plan for
Shenzhen Textile (Group) Co., Ltd. to Issue Shares, Pay Cash to Purchase Assets and Raise Matching Funds
and Related Party Transactions" and Its Summary and other proposals related to this transaction. The company's
shares resumed trading on the morning of January 3, 2022. For details, please refer to relative Announcement
on December 31, 2022 on CNINFO (http://www.cninfo.com.cn).
On January 30, February 28 and March 31, 2023, the Company disclosed the "Announcement on the
Progress of Issuing Shares, Paying Cash to Purchase Assets and Raising Matching Funds and Related
Transactions" on http://www.cninfo.com.cn (No. 2023-04, 05 and 10).
Since the disclosure of this transaction plan, the company and relevant parties have actively promoted the
work of this transaction. As of the disclosure date of this announcement, the audit, evaluation and due diligence
involved in this transaction are still in progress. After the relevant work is completed, the company will
convene the board meeting again to review the relevant matters on this transaction, and the company will
perform the relevant follow-up approval and information disclosure procedures in accordance with relevant
laws and regulations.
(II) Progress of polarizer industrialization project for ultra-large TV (Line 7)
During the reporting period, the technical indicators such as yield and loss rate of Line 7 improved over last
year, the production capacity increased. The main products of Line 7 have been verified by customers, the order
volume has gradually increased. The product structure has been continuously optimized, driving the
improvement of the company's operating efficiency. The company polarizer sales hit a record high in March, of
which line 7 contributed more than 50%.
(III) The disposal of assets of the joint venture company Xieli Automobile Co., Ltd.
Shenzhen Xieli Automobile Enterprise Co., Ltd. (hereinafter referred to as "Shenzhen Xieli") is a Sino-foreign
joint venture invested and established by the company and Hong Kong Xieli Maintenance Company in 1981, with
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
a registered capital of 3.12 million yuan, and the company holds 50% of the equity. The company's operating
period ended in 2008, and its business license was revoked in 2014. The company's main asset is real estate. The
industrial and commercial license of Shenzhen Xieli was cancelled in March 2020, but there are still three
properties under its name, the disposal of which is required to be resolved after further consultation between the
shareholders of both parties.
Since July 2021, the Company has filed a lawsuit on matters related to the cancellation of Shenzhen Xili. For
details, please refer to Section VI Important Matters (16) and Description of Other Important Matters in the
Annual Report for 2022 disclosed by the Company on http://www.cninfo.com.cn on April 4, 2023. By the end of
this report, the original judgment of first instance on revoking the approval of Shenzhen Market Supervision
Administration for the cancellation of Shenzhen Cooperative Interest has taken effect.
(IV)Matters concerning waiver of preemptive right and equity transfer of holding subsidiaries
The board of shareholders of SAPO Photoelectric, a holding subsidiary of the Company, agreed that
Hangzhou Jinhang Equity Investment Fund Partnership (Limited Partnership) would transfer its 40% equity of
SAPO Photoelectric to Hengmei Optoelectronics Co., Ltd. For details, please refer to the announcement of the
Company (No.2023-01) on CNINFO (http://www.cninfo.com.cn). On January 19, 2023, SAPO Photoelectric
obtained the Notice of Registration issued by Shenzhen Administration for Market Regulation, and the
registration procedures for industrial and commercial changes have been completed for this equity transfer. After
this change, the Company still holds 60% equity of SAPO Photoelectric, and Hengmei Optoelectronics holds 40%
equity of SAPO Photoelectric. This equity transfer is conducive to the synergy of the advantages of both parties
in the polarizer industry, the integration of high-quality resources of both parties, the further enhancement of the
main business of polarizers, and the better promotion of the core competitiveness of listed companies.
(V)About the progress of the Company and its holding subsidiaries involved in litigation
In July and August 2022, the Company and its holding subsidiary SAPO Photoelectric received the legal
documents such as Notice of Respondence to Action, and Summon, with case numbers of (2022) Y0310 MC
No. 3507, No.4013 and No.4336 served by Pingshan District People's Court, Shenzhen City, Guangdong
Province, and were informed that the court had accepted Hangzhou Jinhang Equity Investment Fund
Partnership (Limited Partnership) (hereinafter referred to as "Jinhang Fund") . SAPO Photoelectric for ①
dissolution dispute, ② dispute over the confirmation of the validity of company resolutions and ③ dispute over
shareholders' right to know, and the Company was informed to participate in the lawsuit as a party to the case,
and SAPO Photoelectric was informed to respond as the defendant to the case. For details, please refer to the
Company's Announcement No. 2022-20 and No. 2022-25 on CNINF (http://www.cninfo.com.cn).
In the above-mentioned lawsuits, the dispute over the confirmation of the validity of the resolution of
SAPO Photoelectric has been heard in the People's Court of Pingshan District Shenzhen City Guangdong
Province on September 22, 2022, and no judgment has yet been rendered; the concerning the dissolution dispute
of Shengbo Optoelectronics and the dispute over shareholders' right to know, the People's Court of Pingshan
District of Shenzhen City Guangdong Province received the plaintiff’s application for withdrawal on March 30,
2023 and made a ruling on April 6, 2023, which allowed the plaintiff Jinhang Fund to withdraw the lawsuit. For
details, please refer to the Company's Announcement No. 2023-19.
IV. Financial Statement
I. Financial statement
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
1. Consolidated balance sheet
Prepared by: Shenzhen Textile (Holdings) Co., Ltd.
March 31, 2023
In RMB
Items Ending balance Opening balance
Current asset：
Monetary fund 672,721,239.46 991,789,968.19
Settlement provision
Outgoing call loan
Transactional financial assets 608,905,562.21 319,605,448.44
Derivative financial assets
Notes receivable 71,016,443.78 74,619,100.26
Account receivable 696,123,282.02 636,583,469.93
Financing receivable 36,232,651.54 54,413,796.91
Prepayments 28,114,531.31 18,391,444.67
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 13,712,228.20 10,585,975.38
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 574,394,345.89 558,447,648.77
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 52,248,516.56 69,535,531.24
Total of current assets 2,753,468,800.97 2,733,972,383.79
Non-current assets：
Loans and payment on other’s behalf
disbursed
Creditors' right investment
Other creditors' right investment
Long-term receivable
Long term share equity investment 133,941,288.53 134,481,835.74
Long-term equity instrument investment 167,678,283.27 167,678,283.27
Other non-current financial assets
Property investment 124,054,972.84 126,315,834.76
Fixed assets 2,186,624,675.92 2,240,221,656.36
Construction in progress 38,217,141.88 38,061,619.60
Production physical assets
Oil & gas assets
Use right assets 17,395,047.23 15,365,393.88
Intangible assets 42,934,429.04 44,192,571.95
Development expenses
Goodwill
Long-germ expenses to be amortized 3,972,461.86 4,470,957.79
Deferred income tax asset 66,840,663.19 69,823,814.29
Other non-current asset 41,290,100.68 42,553,016.47
Total of non-current assets 2,822,949,064.44 2,883,164,984.11
Total of assets 5,576,417,865.41 5,617,137,367.90
Current liabilities
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
Short-term loans 7,000,000.00 7,000,000.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Account payable 330,735,106.02 327,049,873.70
Advance receipts 2,760,138.15 1,393,344.99
Contract liabilities 3,056,062.67 4,274,109.40
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 50,708,442.89 61,166,444.90
Tax payable 9,081,297.66 8,897,312.51
Other account payable 194,887,518.71 197,345,455.37
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 104,432,365.93 104,183,438.22
Other current liability 76,466,636.51 92,945,741.78
Total of current liability 779,127,568.54 804,255,720.87
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 582,719,463.19 607,421,585.00
Bond payable
Including：preferred stock
Sustainable debt
Lease liability 12,093,342.54 8,628,672.71
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income 105,370,093.73 117,814,796.10
Deferred income tax liability 48,360,217.90 47,974,267.80
Other non-current liabilities
Total non-current liabilities 748,543,117.36 781,839,321.61
Total of liability 1,527,670,685.90 1,586,095,042.48
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 109,741,129.06 109,596,609.31
Special reserve
Surplus reserves 100,909,661.32 100,909,661.32
Common risk provision
Retained profit 183,745,224.16 170,636,610.95
Total of owner’s equity belong to the
2,862,517,688.17 2,849,264,555.21
parent company
Minority shareholders’ equity 1,186,229,491.34 1,181,777,770.21
Total of owners’ equity 4,048,747,179.51 4,031,042,325.42
Total of liabilities and owners’ equity 5,576,417,865.41 5,617,137,367.90
Legal Representative: Yin Kefei
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
Person in charge of accounting：He Fei
Accounting Dept Leader: Zhu Jingjing
2.Parent Company Balance Sheet
In RMB
Items Current period Last period
I. Total operating income 679,306,013.14 670,551,882.04
Including: Operating income 679,306,013.14 670,551,882.04
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 668,291,322.99 631,453,868.00
Including: Operating cost 601,794,163.62 579,671,495.54
Interest expense
Commission charge and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras 2,217,569.05 2,117,586.03
Sales expense 8,991,280.95 8,619,166.65
Administrative expense 30,541,542.13 31,849,295.48
R&D expense 18,921,219.17 13,080,014.85
Financial expenses 5,825,548.07 -3,883,690.55
Including: Interest expenses
Interest income
Add: other income 14,445,562.61 4,300,287.54
Investment income (Loss is listed with “-”) 4,276,686.91 5,112,851.74
Including: Investment income on affiliated company and joint
-506,426.86 -97,700.99
venture
The termination of income recognition for financial assets measured
by amortized cost
Exchange income (Loss is listed with “-”)
Net exposure hedging income (Loss is listed with “-”)
Income from change of fair value (Loss is listed with “-”)
Loss of credit impairment (Loss is listed with “-”) 1,392,942.72 -4,168,918.12
Losses of devaluation of asset (Loss is listed with “-”) -7,659,131.47 -19,338,029.09
Income from assets disposal (Loss is listed with “-”) -12,114.72
III. Operating profit (Loss is listed with “-”) 23,470,750.92 24,992,091.39
Add: Non-operating income 85,026.86 7,030.76
Less: Non-operating expense 597,908.39 100,678.20
IV. Total profit (Loss is listed with “-”) 22,957,869.39 24,898,443.95
Less: Income tax expense 5,516,628.45 1,919,873.63
V. Net profit (Net loss is listed with “-”) 17,441,240.94 22,978,570.32
(i) Classify by business continuity
1. Net profit from continuing operations (net loss listed with “-”) 17,441,240.94 22,978,570.32
2. Net profit from termination of operations (net loss listed with “-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s of parent company 13,108,613.21 17,625,745.18
2.Minority shareholders’ gains and losses 4,332,627.73 5,352,825.14
VI. Net after-tax of other comprehensive income 263,613.15 -9,334.93
Net after-tax of other comprehensive income attributable to owners
144,519.75 -9,334.93
of parent company
(i) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
1.Changes of the defined benefit plans that re-measured
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
2.Other comprehensive income under equity method that cannot be
transfer to gain/loss
3.Change of fair value of investment in other equity instrument
4.Fair value change of enterprise's credit risk
5. Other
(ii) Other comprehensive income items which will be reclassified
144,519.75 -9,334.93
subsequently to profit or loss
1.Other comprehensive income under equity method that can transfer
to gain/loss
2.Change of fair value of other debt investment 178,640.10
3.Amount of financial assets re-classify to other comprehensive
income
4.Credit impairment provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences arising on translation of foreign currency
-34,120.35 -9,334.93
financial statements
7.Other
Net after-tax of other comprehensive income attributable to minority
119,093.40
shareholders
VII. Total comprehensive income 17,704,854.09 22,969,235.39
Total comprehensive income attributable to owners of parent
13,253,132.96 17,616,410.25
Company
Total comprehensive income attributable to minority shareholders 4,451,721.13 5,352,825.14
VIII. Earnings per share:
(i) Basic earnings per share 0.0259 0.0348
(ii) Diluted earnings per share 0.0259 0.0348
Enterprise combine under the same control in the Period, the combined party realized net profit of 0.00 Yuan
before combination, and realized 0.00 Yuan at last period for combined party.
Legal Representative: Yin Kefei
Person in charge of accounting：He Fei
Accounting Dept Leader: Zhu Jingjing
3. Consolidated Cash Flow Statement
In RMB
Items Current period Last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and providing labor services 619,218,403.72 604,500,101.55
Net increase of customer deposit and interbank deposit
Net increase of loan from central bank
Net increase of capital borrowed from other financial institution
Cash received from original insurance contract fee
Net cash received from reinsurance business
Net increase of insured savings and investment
Cash received from interest, commission charge and commission
Net increase of capital borrowed
Net increase of returned business capital
Net cash received by agents in sale and purchase of securities
Write-back of tax received 728,368.20 1,364,975.85
Other cash received concerning operating activities 26,956,570.31 52,681,743.74
Subtotal of cash inflow arising from operating activities 646,903,342.23 658,546,821.14
Cash paid for purchasing commodities and receiving labor service 521,837,361.20 502,457,863.05
Net increase of customer loans and advances
Net increase of deposits in central bank and interbank
Cash paid for original insurance contract compensation
Net increase of capital lent
Cash paid for interest, commission charge and commission
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2023
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 73,827,608.46 66,865,538.16
Taxes paid 14,044,648.39 135,772,979.52
Other cash paid concerning operating activities 34,953,667.85 19,417,363.90
Subtotal of cash outflow arising from operating activities 644,663,285.90 724,513,744.63
Net cash flows arising from operating activities 2,240,056.33 -65,966,923.49
II. Cash flows arising from investing activities:
Cash received from recovering investment
Cash received from investment income 1,308,000.00 1,673,424.66
Net cash received from disposal of fixed, intangible and other long-
7,050.00 1,776.70
term assets
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities 279,684,718.25
Subtotal of cash inflow from investing activities 280,999,768.25 1,675,201.36
Cash paid for purchasing fixed, intangible and other long-term assets 5,851,476.57 16,535,761.62
Cash paid for investment
Net increase of mortgaged loans
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities 564,849,583.33 120,000,000.00
Subtotal of cash outflow from investing activities 570,701,059.90 136,535,761.62
Net cash flows arising from investing activities -289,701,291.65 -134,860,560.26
III. Cash flows arising from financing activities
Cash received from absorbing investment
Including: Cash received from absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 27,922,000.00
Other cash received concerning financing activities 118,800,000.00
Subtotal of cash inflow from financing activities 118,800,000.00 27,922,000.00
Cash paid for settling debts 23,642,182.32
Cash paid for dividend and profit distributing or interest paying 6,767,868.90 7,566,288.88
Including: Dividend and profit of minority shareholder paid by
subsidiaries
Other cash paid concerning financing activities 119,287,016.56 128.63
Subtotal of cash outflow from financing activities 149,697,067.78 7,566,417.51
Net cash flows arising from financing activities -30,897,067.78 20,355,582.49
IV. Influence on cash and cash equivalents due to fluctuation in
-710,425.63 -68,534.94
exchange rate
V. Net increase of cash and cash equivalents -319,068,728.73 -180,540,436.20
Add: Balance of cash and cash equivalents at the period-begin 874,474,834.46 302,408,433.72
VI. Balance of cash and cash equivalents at the period-end 555,406,105.73 121,867,997.52
Legal Representative: Yin Kefei
Person in charge of accounting：He Fei
Accounting Dept Leader: Zhu Jingjing
(ii) Audit report
Whether the First quarterly report has been audited or not
□Yes √ No
The First quarterly report of the Company has not been audited.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
April 29,2023
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