Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
Stock code: 000045,200045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No. :2023-39
Shenzhen Textile (Holdings) Co., Ltd.
The Third 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
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 third quarterly report audited or not
□Yes √No
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Shenzhen Textile(Holdings) Co., Ltd. The Third 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
Increase/decrease
Increase/decrease in
from year-begin
the period compared
Year-begin to to period-end
Current period with the same
period-end compared with the
period of the
same period of the
previous year
previous year
Operating income（RM B） 827,289,643.21 22.22% 2,317,385,312.76 9.21%
Net profit attributable to the
shareholders of the listed company 30,277,434.06 114.49% 66,584,597.03 17.75%
（RM B）
Net profit after deducting of non-
recurring gain/loss attributable to the
shareholders of listed company 26,677,203.43 174.16% 54,364,530.04 21.62%
（RM B）
Cash flow generated by business
operation, net（RM B） — — 64,740,508.96 -44.14%
Basic earning per share(RM B/Share) 0.0598 114.34% 0.1315 17.83%
Diluted gains per
share(RM B/Share)(RM B/Share) 0.0598 114.34% 0.1315 17.83%
Weighted average ROE(%) 1.05% 0.55% 2.32% 0.32%
Changes of this period-end over same
End of this period End of last period
period-end of last year(%)
Gross assets（RM B） 5,741,166,019.48 5,617,137,367.90 2.21%
Net assets attributable to the
shareholders of the listed company 2,885,682,841.55 2,849,264,555.21 1.28%
（RM B）
（ii）Items and amount of non-current gains and losses Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Items Current amount Year-begin to period-end Note
Gains/losses from the disposal of non-current
asset (including the write-off that accrued for 0.00 321.08
impairment of assets)
Governmental subsidy calculated into current
gains and losses(while closely related with the
normal business of the Company, the government M ainly for the government
subsidy that accord with the provision of national 9,065,102.42 28,434,409.97
subsidies
policies and are continuously enjoyed in line with
a certain standard quota or quantity are excluded)
Other non-operating income and expenses other M ainly for quality
-2,077,510.48 -4,713,703.74
than the above compensation
Less: impact on income tax 1,042,626.12 3,546,815.78
Impact on minority shareholders’ equity (post-
tax) 2,344,735.19 7,954,144.54
Total --
3,600,230.63 12,220,066.99
Details of other profit and loss items that meet the non-recurring profit and loss definition
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
□ 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
(iii)Particulars about material changes in items of main accounting statement and financial index and
explanations of reasons
√ Applicable □Not applicable
Ending Operating
Items balance(RM B balance(RM B Changes ratio Reasons of changes
'0,000) '0,000)
M ainly due to the purchase of wealth management
M onetary funds 47,029.04 99,179.00 -52.58%
products and the repayment of long-term loans
M ainly due to the purchase of wealth management
Trading financial assets 77,172.73 31,960.54 141.46% products.
M ainly due to the increase in sales and the
Account receivable 88,912.77 63,658.35 39.67%
extension of credit periods.
M ainly due to the endorsement of notes receivable
Financing receivable 1,961.54 5,441.38 -63.95%
and settlement at maturity.
M ainly due to the increase in prepaid material
Prepayments 3,438.08 1,839.14 86.94% payments.
M ainly due to the lifting of restrictions on
Other account receivable 441.61 1,058.60 -58.28%
restricted funds.
Construction in progress 6,155.24 3,806.16 61.72% M ainly due to the new RTP project in this period.
Long-germ expenses to be M ainly due to expenses amortization in the current
296.16 447.10 -33.76%
amortized period.
M ainly to the decrease in prepaid equipment
Other non-current asset 2,789.15 4,255.30 -34.45%
payments.
M ainly due to the increase in stock of goods and
Account payable 43,989.46 32,704.99 34.50%
materials due to the increase of production.
M ainly due to the increase in the in-advance
Contract liabilities 830.04 427.41 94.20% receipt of development service fees of the
partners.
Amount at the
Amount at the
same period of
Items period(RM B Changes ratio Reasons of changes
last year(RM B
'0,000)
'0,000)
R&D expense 8,086.35 5,916.90 36.67% M ainly due to the increased investment in R&D.
M ainly due to the decrease in interest expense and
Financial expenses -348.18 186.80 -286.39%
the increase in interest income.
M ainly due to the recognition of the decrease in
Investment gain 1,053.20 1,572.65 -33.03%
investment income from the joint venture.
M ainly due to the increase in accounts receivable
Credit impairment loss -1,591.69 -8.88 -17824.44% balance and the increase in the credit impairment
provision ratio due to higher sales.
M ainly due to the increase in government
Other income 2,843.44 1,865.06 52.46%
subsidies.
M ainly due to the increase in the loss of disposal
Assets disposal income 0.03 -1.11 102.70%
of fixed assets in the same period of the previous
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
year.
M ainly due to the increase in reimbursement
Non-operational income 61.42 188.22 -67.37% payments received from vendors during the same
period last year.
Non-operating expense 532.79 93.34 470.81% M ainly due to the increase in quality
compensation in the current period.
M ainly due to the increase in taxable income in
Income tax expenses 895.27 63.71 1305.23%
the current period.
M ainly due to the recovery of customs deposits
Net cash generated from /used in
6,474.06 11,590.18 -44.14% and incremental tax refunds in the same period of
operating activities the previous year.
Net cash flow generated by M ainly due to the purchase of wealth management
-49,869.10 13,905.02 -458.64%
investment products in the current period.
Net cash flow generated by M ainly due to the repayment of long-term
-12,923.56 186.82 -7017.65%
financing borrowings.
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 27,662 0
recovered at end of reporting period (if applicable)
period
Top ten shareholders
Information of shares
Proportio Amount
pledged, tagged or frozen
Nature of n of Amount of of lock-up
Shareholder’s name State of
shareholder shares shares held shares Amount
held held share
Shenzhen Investment Holdings State-owned legal
Co., Ltd. person 46.21% 234,069,436
Shenzhen Shenchao Technology State-owned legal
3.18% 16,129,032
Investment Co., Ltd. person
Domestic Nature
Sun Huiming 1.26% 6,399,653
person
Domestic non-
Zhangzhou Xiaotian Venture
state-owned legal 0.83% 4,188,800
Capital Co., Ltd.
person
Domestic Nature
Chen Zhaoyao person 0.74% 3,731,200
Domestic Nature
Su Weipeng 0.71% 3,580,000 Pledge 2,800,000
person
China Construction Bank Co., Ltd
－Xinao new energy industry Other 0.68% 3,466,484
equity securities investment fund
Domestic Nature
Chen Xiaobao person 0.62% 3,156,484
Domestic Nature
Li Zengmao 0.55% 2,764,697
person
Domestic Nature
Peng Xun person 0.33% 1,652,800
Shareholding of top 10 shareholders of unrestricted shares
Quantity of Share type
unrestricted
shares held at
Name of the shareholder
the end of the Share type Quantity
reporting
period
Shenzhen Investment Holdings Co., Ltd. 234,069,436 RM B Common 234,069,436
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
shares
RM B Common
Shenzhen Shenchao Technology Investment Co., Ltd. 16,129,032 16,129,032
shares
Foreign shares
placed in
Sun Huiming 6,399,653 6,399,653
domestic
exchange
RM B Common
Zhangzhou Xiaotian Venture Capital Co., Ltd. 4,188,800 4,188,800
shares
RM B Common
Chen Zhaoyao 3,731,200 3,731,200
shares
RM B Common
Su Weipeng 3,580,000 3,580,000
shares
China Construction Bank Co., Ltd －Xinao new energy industry equity RM B Common
3,466,484 3,466,484
securities investment fund shares
RM B Common
Chen Xiaobao 3,156,484 3,156,484
shares
RM B Common
Li Zengmao 2,764,697 2,764,697
shares
RM B Common
Peng Xun 1,652,800 1,652,800
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 M unicipal 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 M easures 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
According to the relevant regulations of Shenzhen Stock Exchange, upon the application of the company,
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. The Company intends to purchase 100% equity of Hengmei
Optoelectronics Co., Ltd. by issuing shares and paying cash, and at the same time, it plans to raise matching
funds from non-public offering of shares to no more than 35 qualified specific targets (hereinafter referred to as
"this transaction"). This transaction constitutes a related party transaction and is expected to constitute a major
asset restructuring, but it does not constitute a restructuring and listing, nor will it lead to the change of the
actual controller of the company. This transaction is conducive to the company's strong alliance in the polarizer
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
industry, rapidly increasing the production scale of polarizers, optimizing the layout of industrial chain and
deepening the depth of technical reserves, making the company move tow ards a new level of high-quality
development. Meanwhile, this major asset restructuring is in line with the relevant development strategies of the
country and Shenzhen, and has positive significance for ensuring the security of the national new display supply
chain.
Since the disclosure of the transaction plan, the Company and the relevant parties have actively promoted
the audit, evaluation, due diligence and other work involved in this transaction. According to the requirements
of relevant laws and regulations, the Company shall convene the meeting of the board of directors before June
30, 2023 to consider the draft restructuring report and issue a notice of convening a general meeting of
shareholders. Since the validity period of the financ ial data of the target company of this transaction is about to
expire, the intermediary intends to conduct additional audits and supplementary due diligence, and the
Company still needs to communicate and negotiate the details of the transaction with the counterparty, there is
uncertainty as to whether to adjust the restructuring plan, therefore the Company can not disclose the draft
restructuring report plan and issue a notice of convening a general meeting of shareholders before June 30,
2023.After mutual consensus among all parties involved in the transaction, the Company will continue to
advance this transaction. For details, please refer to the Company's Announcement No. 2023-29 on CNINF
(http://www.cninfo.com.cn)
Presently, the Company is further communicating and negotiating the details of the transaction with the
counterparty, and coordinating with various intermediaries to carry out additional audit, assessment and
supplementary due diligence of the target company, as well as negotiating with the counterparty to determine
the transaction plan and perform the state-owned assets approval procedures. Upon completion of the relevant
work, the Company will reconvene the meeting of the Board of Directors to consider matters related to the
transaction, and the date of the announcement of the resolution of the Board of Directors will be used as the
pricing reference date for the shares to be issued for the transaction.
（2） Disposal of assets of the joint venture company Shenzhen Xieli
Shenzhen Xieli Automobile Enterprise Co., Ltd. (hereinafter referred to as "Shenzhen Xieli") is a Sino
foreign joint venture established by the company and Hong Kong Xieli Maintenance Company in 1981, with a
registered capital of 3.12 million yuan. 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 assets are real estate. In
March 2020, Shenzhen Xieli Industrial and Commercial Co., Ltd. has been cancelled, but there are still three
properties under its name that need to be resolved through further negotiation between the shareholders of both
parties.
On July 26, 2021, the Company filed a complaint with the People's Court of Yantian District, Shenzhen
City, Guangdong Province to revoke the approval of cancelation of Shenzhen Xieli Automobile Enterprise Co.,
Ltd by the Shenzhen Market Supervision and Administration Bureau. In November 2021, the court ruled to
revoke the aforementioned approval of cancellation. Hong Kong Xieli Maintenance Company and Shenzhen
Market Supervision and Administration Bureau were not satisfied and submitted appeal petitions to the
Shenzhen Intermediate People's Court respectively. On June 28, 2022, the Shenzhen Intermediate People's
Court ruled in the second instance: revoked the administrative judgment-No. 1883(2021) Yue 0308 Xingchuof
the Yantian District People's Court of Shenzhen City, Guangdong Province, and remanded it to the Yantian
District People's Court of Shenzhen City, Guangdong Province for a new trial.
After a new trial, the Yantian District People's Court ruled in favor of the Company on December 30, 2022,
and revoked the administrative act of Shenzhen Xieli to cancel its registration. The third party in the original
trial, Hong Kong Xieli Maintenance Company, was not satisfied and appealed to the Shenzhen Intermediate
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
People's Court on January 10, 2023. Later, as Hong Kong Xieli Maintenance Company failed to pay the case
acceptance fee in advance, the Shenzhen Intermediate People's Court issued the No. 387(2023) Yue 03 Xing
Final Administrative Ruling, ruling that the appellant Hong Kong Xieli Maintenance Company in the case
withdraws its appeal.
IV. Quarterly financial statements
(i) Financial statement
1. Consolidated balance sheet
Prepared by: Shenzhen Textile (Holdings) Co., Ltd.
September 30,2023
In RMB
Items September 30,2023 January 1, 2023
Current asset：
M onetary fund 470,290,439.35 991,789,968.19
Settlement provision
Outgoing call loan
Transactional financial assets 771,727,264.85 319,605,448.44
Derivative financial assets
Notes receivable 68,775,717.88 74,619,100.26
Account receivable 889,127,673.50 636,583,469.93
Financing receivable 19,615,428.60 54,413,796.91
Prepayments 34,380,815.12 18,391,444.67
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 4,416,065.59 10,585,975.38
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 699,016,900.84 558,447,648.77
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 63,184,824.60 69,535,531.24
Total of current assets 3,020,535,130.33 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 130,383,936.52 134,481,835.74
Long-term equity instrument investment 167,678,283.27 167,678,283.27
Other non-current financial assets
Property investment 120,062,786.14 126,315,834.76
Fixed assets 2,086,641,378.65 2,240,221,656.36
Construction in progress 61,552,360.40 38,061,619.60
Production physical assets
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
Oil & gas assets
Use right assets 14,986,786.35 15,365,393.88
Intangible assets 40,572,571.45 44,192,571.95
Development expenses
Goodwill
Long-germ expenses to be amortized 2,961,561.72 4,470,957.79
Deferred income tax asset 67,899,705.20 69,823,814.29
Other non-current asset 27,891,519.45 42,553,016.47
Total of non-current assets 2,720,630,889.15 2,883,164,984.11
Total of assets 5,741,166,019.48 5,617,137,367.90
Current liabilities
Short-term loans 8,000,000.00 7,000,000.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 26,361,144.87 0.00
Account payable 439,894,591.02 327,049,873.70
Advance receipts 1,304,306.94 1,393,344.99
Contract liabilities 8,300,395.37 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 59,413,335.42 61,166,444.90
Tax payable 8,985,760.00 8,897,312.51
Other account payable 185,502,332.42 197,345,455.37
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 109,505,189.52 104,183,438.22
Other current liability 103,379,047.89 92,945,741.78
Total of current liability 950,646,103.45 804,255,720.87
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 531,736,753.70 607,421,585.00
Bond payable
Including：preferred stock
Sustainable debt
Lease liability 8,681,857.24 8,628,672.71
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income 101,641,808.72 117,814,796.10
Deferred income tax liability 48,460,022.97 47,974,267.80
Other non-current liabilities
Total non-current liabilities 690,520,442.63 781,839,321.61
Total of liability 1,641,166,546.08 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
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
Less：Shares in stock
Other comprehensive income 109,821,609.56 109,596,609.31
Special reserve
Surplus reserves 100,909,661.32 100,909,661.32
Common risk provision
Retained profit 206,829,897.04 170,636,610.95
Total of owner’s equity belong to the
parent company 2,885,682,841.55 2,849,264,555.21
M inority shareholders’ equity 1,214,316,631.85 1,181,777,770.21
Total of owners’ equity 4,099,999,473.40 4,031,042,325.42
Total of liabilities and owners’ equity 5,741,166,019.48 5,617,137,367.90
Legal Representative: Yin Kefei
Person in charge of accounting：He Fei
Accounting Dept Leader: Huang Min
2. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Items Current period Last period
I. Total operating income 2,317,385,312.76 2,122,038,324.26
Including: Operating income 2,317,385,312.76 2,122,038,324.26
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 2,158,341,589.72 1,998,673,168.36
Including: Operating cost 1,951,681,550.07 1,809,191,065.23
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 6,741,061.59 6,182,079.66
Sales expense 25,113,037.81 27,585,766.98
Administrative expense 97,424,211.28 94,677,249.25
R&D expense 80,863,547.15 59,169,009.30
Financial expenses -3,481,818.18 1,867,997.94
Including: Interest expenses 20,718,894.44 24,061,322.83
Interest income 10,302,226.08 3,157,162.86
Add: other income 28,434,409.97 18,650,648.01
Investment income (Loss is listed with “-”) 10,532,038.03 15,726,531.05
Including: Investment income on affiliated company and joint
venture -4,144,259.37 -259,269.65
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 “-”) -15,916,863.36 -88,779.12
Losses of devaluation of asset (Loss is listed with “-”) -69,422,857.27 -66,843,100.94
Income from assets disposal (Loss is listed with “-”) 321.08 -11,114.72
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
III. Operating profit (Loss is listed with “-”) 112,670,771.49 90,799,340.18
Add: Non-operating income 614,225.47 1,882,156.93
Less: Non-operating expense 5,327,929.21 933,355.03
IV Total profit (Loss is listed with “-”) 107,957,067.75 91,748,142.08
Less: Income tax expense 8,952,702.48 637,078.69
V Net profit (Net loss is listed with “-”) 99,004,365.27 91,111,063.39
(i) Classify by business continuity
1. Net profit from continuing operations (net loss listed with “-”) 99,004,365.27 91,111,063.39
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 66,584,597.03 56,549,475.58
2.M inority shareholders’ gains and losses 32,419,768.24 34,561,587.81
VI. Net after-tax of other comprehensive income 344,093.65 174,097.19
Net after-tax of other comprehensive income attributable to
owners of parent company 225,000.25 174,097.19
(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
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
subsequently to profit or loss 225,000.25 174,097.19
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 0.00
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
financial statements 46,360.15 174,097.19
7.Other
Net after-tax of other comprehensive income attributable to
minority shareholders 119,093.40 0.00
VII. Total comprehensive income 99,348,458.92 91,285,160.58
Total comprehensive income attributable to owners of parent
Company 66,809,597.28 56,723,572.77
Total comprehensive income attributable to minority shareholders 32,538,861.64 34,561,587.81
VIII. Earnings per share:
(i) Basic earnings per share 0.1315 0.1116
(ii) Diluted earnings per share 0.1315 0.1116
Legal Representative: Yin Kefei
Person in charge of accounting：He Fei
Accounting Dept Leader: Huang Min
3. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Item Current period Last period
I. Cash flows arising from operating activities:
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
Cash received from selling commodities and providing labor
services 2,086,209,515.29 2,044,749,583.04
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 5,618,351.26 102,084,755.82
Other cash received concerning operating activities 120,957,976.01 223,098,022.41
Subtotal of cash inflow arising from operating activities 2,212,785,842.56 2,369,932,361.27
Cash paid for purchasing commodities and receiving labor service 1,846,472,743.97 1,962,651,670.28
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
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 192,492,635.92 187,871,082.89
Taxes paid 32,358,463.62 27,776,039.08
Other cash paid concerning operating activities 76,721,490.09 75,731,785.57
Subtotal of cash outflow arising from operating activities 2,148,045,333.60 2,254,030,577.82
Net cash flows arising from operating activities 64,740,508.96 115,901,783.45
II. Cash flows arising from investing activities:
Cash received from recovering investment 0.00 27,930,000.00
Cash received from investment income 11,349,359.54 6,259,724.70
Net cash received from disposal of fixed, intangible and other long-
term assets 9,550.00 2,776.70
Net cash received from disposal of subsidiaries and other units
Other cash received concerning investing activities 760,719,927.09 795,000,000.00
Subtotal of cash inflow from investing activities 772,078,836.63 829,192,501.40
Cash paid for purchasing fixed, intangible and other long-term
assets 26,982,886.70 40,142,302.73
Cash paid for investment
Net increase of mortgaged loans
Net cash received from subsidiaries and other units obtained
Other cash paid concerning investing activities 1,243,787,000.00 650,000,001.00
Subtotal of cash outflow from investing activities 1,270,769,886.70 690,142,303.73
Net cash flows arising from investing activities -498,691,050.07 139,050,197.67
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 3,000,000.00 50,572,000.00
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 3,000,000.00 50,572,000.00
Cash paid for settling debts 72,926,546.08 0.00
Cash paid for dividend and profit distributing or interest paying 50,640,572.66 48,703,785.07
Including: Dividend and profit of minority shareholder paid by
subsidiaries
Other cash paid concerning financing activities 8,668,531.69 0.00
Subtotal of cash outflow from financing activities 132,235,650.43 48,703,785.07
Net cash flows arising from financing activities -129,235,650.43 1,868,214.93
IV Influence on cash and cash equivalents due to fluctuation in -992,076.53 1,492,953.49
11
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2023
exchange rate
V Net increase of cash and cash equivalents -564,178,268.07 258,313,149.54
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 310,296,566.39 560,721,583.26
（ii）The Company started implementing the updated accounting standards commencing from 2023 and
adjusted the relevant items in the financial statements at the beginning of the very year involved in the
initial implementation of the said standards
□Applicable √Not applicable
(iii) Audit report
Whether the First quarterly report has been audited or not
□Yes √ No
The Third quarterly report of the Company has not been audited.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 28, 2023
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