深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Shenzhen Victor Onward Textile Industrial Co., Ltd.
The Third Quarterly Report 2013
October 2013
1
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Hu Yongfeng, The Company leader, Mr. Zhang Jinliang, Chief financial officer and the Mr..Ren
Changzheng, 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 .
2
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
II.Main financial data and changes of shareholders
（1）Main accounting 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 reporting Changed （%）over end of
As at the end of last year
period prev. year
Gross assets（RMB） 159,455,131.00 172,002,557.00 -7.29%
Net assets attributable to the
shareholders of the listed company 117,520,226.00 118,852,391.00 -1.12%
（RMB）
Increase/decrease over
January 1, 2013 to Changed （%）over
Reporting period the same period of last
September 30,2013 end of prev. year
year（%）
Operating income（RMB） 2,590,258.00 14.91% 7,580,884.00 4.22%
Net profit attributable to the
shareholders of the listed company 3,592,196.00 -282.98% -531,410.00 -91.36%
（RMB）
Net profit after deducting of
non-recurring gain/loss attributable
-529,104.00 -74.36% -2,237,596.00 -32.39%
to the shareholders of listed
company（RMB）
Cash flow generated by business
-- -- 2,787,681.00 253.58%
operation, net（RMB）
Basic earning per
0.02 -300% 0 -100%
share(RMB/Share)
Diluted gains per
0.02 -300% 0 -100%
share(RMB/Share)(RMB/Share)
Weighted average income/asset
3.08% 4.8% -0.45% 4.85%
ratio（%）
Items and amount of non-current gains and losses
√Applicable □Not applicable
Unit:RMB
Amount (Year-beginning to
Items Notes
the end of the report period.)
3
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Non-current asset disposal gain/loss(including the
Fixed assets equipment disposal
write-off part for which assets impairment provision is 1,706,186.00
of net income
made)
Total 1,706,186.00 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
(II)Total number of shareholders at the end of report period and Particular about shares held by top ten
shareholders
Unit：Shares
Total number of shareholders at the
9,265
end of report period
Particular about shares held by top ten shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Union Domestic Non-
Holdings Co., State-owned legal 25.51% 43,141,032 0
Ltd. person
STYLE-SUCCES Foreign Legal
14.46% 24,466,029 0
S LIMITED person
Rich Crown
Foreign Legal
Investment Co., 3.62% 6,114,556 0
person
Ltd.
Union Domestic Non-
Development State-owned legal 3.36% 5,681,089 0
Group Co., Ltd. person
Liuzhou Jiali
Domestic Non-
Real estate
State-owned legal 2.5% 4,230,000 0
Development
person
Co., ltd.
Shenzhen
Textile State-owned
2.21% 3,744,594 0
(Group)Holdin Legal person
gs Ltd
4
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Domestic
Zeng Ying 1.21% 2,039,600 0
Natural person
Liuzhou
Domestic Non-
Ruiheng
State-owned legal 1.01% 1,700,000 0
Mechatronics
person
Co., Ltd.
Shing Ying Foreign Natural
0.54% 909,962 0
Chieh person
KGI ASIA Foreign Legal
0.5% 837,450 0
LIMITED person
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
RMB Common
Union Holdings Co., Ltd. 43,141,032 43,141,032
shares
Foreign shares
placed in
STYLE-SUCCESS LIMITED 24,466,029 24,466,029
domestic
exchange
Foreign shares
placed in
Rich Crown Investment Co., Ltd. 6,114,556 6,114,556
domestic
exchange
RMB Common
Union Development Group Co., Ltd 5,681,089 5,681,089
shares
Liuzhou Jiali Real estate RMB Common
4,230,000 4,230,000
Development Co., ltd. shares
Shenzhen Textile (Group)Holdings RMB Common
3,744,594 3,744,594
Ltd shares
Foreign shares
placed in
Zeng Ying 2,039,600 2,039,600
domestic
exchange
Liuzhou Ruiheng RMB Common
1,700,000 1,700,000
Mechatronics Co., Ltd. shares
Foreign shares
placed in
Shing Ying Chieh 909,962 909,962
domestic
exchange
5
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Foreign shares
placed in
KGI ASIA LIMITED 837,450 837,450
domestic
exchange
The controlling shareholder of the above-mentioned largest shareholder
Notes to the related relationship
Shenzhen Union Holdings Ltd.and Third shareholder Rich Crown Investment
between the shareholders or their
Co., Ltd.. Is Union Development Group Ltd. its is unknown whether relationship
concerted action
exists between other shareholders.
Notes to the shareholders
involved in financing securities N/A
(if any)
Did any shareholder of the Company carry out an agreed buy-back in the reorting period?
□ Yes √ No
6
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
III Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
1.Analysis of the reason for big change of the items of balance sheet of the Company as of the end of the report period. Unit: RMB
Items September 30,2013 December 31, 2012 Amount of increased / Proportion increased
Decreased Decreased
Bill receivable 0 1,500,000 -1,500,000 -100%
Other account receivable 482,976 260,005 222,971 85.76%
Inventories 0 101,536 -101,536 -100%
Fixed assets 6,964,353 12,416,459 -5,452,106 -43.91%
Advance payment 1,077,402 2,778,488 -1,701,086 -61.22%
Other account payable 22,665,265 32,227,317 -9,562,052 -29.67%
1.Bills receivable decreased by RMB1,500,000 mainly due to cashing of banker's acceptance bills in the amount
of RMB 1.5 million;
2.Other receivables increased by RMB 222,971 and 85.76% mainly due to the increase of suspense payment;
3.Inventories decreased by RMB 101,536 mainly due to disposal of inventories;
4.Fixed assets decreased by RMB 5,452,106 mainly due to disposal of fixed assets (machinery and equipment) in
current period;
5.Advance collections decreased by RMB 1,701,086 RMB, mainly because the proceeds of disposal of fixed
assets collected in advance in the previous period were carried forward in current period;
6.Other payables decreased by RMB 9,562,052 mainly due to repayment of loan principal of RMB 10 million
owed by Nanhua Company to Union Group in current period;
2..In the report period, Analysis of the reason for big change of the items of profit statement
In the period from January 2013 to September 2013,the company earned operating income of RMB 7.58 million on accumulative
basis, which increased by RMB0.3 million and 4.22% year on year. Net profit is RMB-0.51 million. compare to the data last year
same period, which loss Decreased by RMB 5.61 million.
⑴ Analysis of reason for increase of operating income：
Due to the rise in rent of leased house property.
⑵The main reason for Decreased of amount of loss：
The amount of net income and loss from the disposal of fixed assets in current period was RMB
1.72 million. Accounted for on equity basis, the amount of loss suffered by the enterprises in which
the Company invested decreased by RMB 0.47 million year on year. In addition, in the same period
of previous year, non-operating expenses of RMB 2.98 million were incurred from lawsuits in
Nanjing, while there were no such expenses in current period.
3.Analysis of the reason for big change of the items of cash flow statement of the Company in the report period.
Unit：RMB
Items This period Same period of last year Amount of Proportion
increased/decreased Increased/ decreased
7
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Net cash flows arising form
Operating activities 787,681 788,412 1,999,269 253.58%
Net cash flows from
investing activities 4,992,909 -63,534 5,056,443 -7958.64%
Net cash flows from
financing activities -10,000,000 0 -10,000,000 -100%
The influence of change
in exchange rate -544,224 222,976 -767,200 -344.07%
Net increase of cash and
cash equivalents -2,763,634 947,854 -3,711,488 -391.57%
⑴At the end of the report period, Net cash flows from operating activities increased by RMB 1,999,269 year
on year；
⑵In the report period, Net cash flows from investing activities increased by RMB5,056,443 year on year;
⑶At the end of the report period, There were no net cash flows from financing activities decreased by RMB 10,000,000 year on
year；
⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents decreased by RMB-767,200
year on year;
⑸At the end of the report period, net increase in cash and cash equivalents decreased by RMB-3,711,488 year on year.
II. The progress of significant events and influence, as well as the analysis and explanation on
resolving proposal.
Shine Wing Certified Public Accountants(LLP) issued unqualified auditor's report with paragraph of
emphasized matters for the Company's financial statements for 2012 Basic information of emphasized matters:
Since March 2007, Shenzhen Victor Onward Textile Industrial Co., Ltd. stopped production and dismissed most
of workers. And most subsidiaries of the company had stopped production and it maintained daily operation by
house leasing., but its sustainable operation ability is still uncertain. The board of directors, Supervisory
Committee and managers believed that the printing and dyeing plant of the company had stopped operation or
maintained daily operation by house leasing. .It plans to invest in Nanjing East Asia Textile Printing and Dyeing
Co., Ltd. with part of machinery and equipment, Due to the reason on the side of the other party of joint venture
and change of industry prospect. Partners disagree with our views in the replenishment of the things, thus
cooperation is difficult to continue. Although we sent our staff to Nanjing many times for negotiation, but failed
to reach a consensus. Therefore, we decided the proceedings in the People's Court. This event greatly impacted
the production & operation activities and sustainable development of company, it made company had the situation
of implementing other special treatment which was stipulated in Shenzhen Stock Exchange Listing Rules , the
stock of our company had been implemented for other special treatment. As the audited net profits of the Company
for 2011 and 2012 were negative, Shenzhen Stock Exchange will give special treatment to the stocks of the
Company for the caution of delisting risk according to relevant regulations including Stock Listing Rules of
Shenzhen Stock Exchange. The stocks of the Company will be subject to special treatment for caution of
delisting risk after the disclosure of 2012 annual report. The stocks of
the Company will implement special treatment for delisting risk warning after
8
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
the Company was restored for trading from April 24,2013. According to Stock Listing Rules of Shenzhen Stock
Exchange, the listing of the stocks of the Company will be suspended from the day of announcement of 2013
annual report if its audited net profit for 2013 is still negative. In case of failure to reverse loss according to the
annual report for the latest period disclosed within statutory time limit, the stocks of the Company will face the
risk of termination of listing. In order to try to have the caution of delisting risk revoked, the Company will make
all efforts to enhance operating efficiency and increase return through various measures and take "reversing loss
into profit" as the priority target of production and operation for the year in 2013.
Description of the website for disclosing
Description of provisional announcement Date of disclosing
provisional announcements
On June 4, 2012, The company has
instituted court action against below
three companies at Jiangsu Province
Higher People's Court, and asked to
terminate the contracts and
agreements signed with Nanjing East
Asia Textile Printing & Dyeing Co.,
Ltd., Nanjing East Asia Investment
& Development Group Co., Ltd. and
Hong Kong Yaojunxing Co., Ltd.,
http://www.cninfo.com.cn/finalpage/2012-
who shall pay RMB47,922,902.92 to June 16, 2012
06-16/61144742.PDF
the company for the pecuniary loss
of implicative compensation and
undertake the costs of litigation. The
company has received the
Su-Shang-Wai-Chu-Zi No.0002
(2012) of “Notice on Indictment
Acceptance and Collegial Panel
Announcement” issued by Jiangsu
Province Higher People's Court on
June 14, 2012.
On October 10, 2013, The 10th
meeting of the sixth board of
directors of the Company examined
and adopted the Proposal for the
withdrawal "on the transfer of parts
of shares of Union Hangzhou Bay's http://www.cninfo.com.cn/finalpage/2013-
October 12, 2013
equity listed by the Company.Due to 10-12/63148484.PDF
the current equity market turnover is
difficult on a small equity transfer ,
as well as the expectations for
continued prosperity of the real
estate industry, the company will no
9
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
longer sell the stake for the
long-term interests.
To achieving the goal of turning
losses into profits for 2013, the
Company planned to sell the house
property of Hong Kong Victor
Onward Co.Ltd, a wholly-owned
subsidiary of the Company, which is
located at RMB 1801-1804,
Huachuang Center, 889 Chang Sha
Wan Road, Kowloon, Hong Kong, in
the form of agreed assignment and at
the price of HKD 19.55 million http://www.cninfo.com.cn/finalpage/2013-
October 12, 2013
(equivalent to RMB 15.50 million) 10-12/63148484.PDF
appraised by Loyalty Surveyors Co.,
Ltd., a Hong Kong appraisal agency,
and Shenzhen Tianjian
Guozhonglian Assets Appraisal &
Land and Real Estate Valuation Co.,
Ltd. This proposal can be
implemented only after examination
and approval by the first provisional
shareholders' general meeting in
2013 (November 5, 2013).
III．Prediction of Business performance for 2013.
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
Forenotice of earning : Make up the deficits
Type of data filet for the prediction
Same period of
Year beginning to end of next
the previous Increase or decrease%
report period
year
Estimated amount of
accumulative net 600 -- 900 -24.73 -- -3,739.3% -- -2,526.2%
profit(RMB’0000)
Basic earnings per shares 0.035 -- 0.053 -0.001 -- -3,739.3% -- -2,526.2%
10
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
(Yuan/share)
The Company planned to sell the house property of Hong Kong Victor Onward
Co.Ltd, a wholly-owned subsidiary of the Company, which is located at RM
1801-1804, Huachuang Center, 889 Chang Sha Wan Road, Kowloon, Hong Kong,
and related parties China (Hong Kong) Group Limited,in the form of agreed
Notes to forenotice of assignment and at the price of HKD 19.55 million (equivalent to RMB 15.50 million)
earnings appraised by Loyalty Surveyors Co., Ltd., a Hong Kong appraisal agency, and
Shenzhen Tianjian Guozhonglian Assets Appraisal & Land and Real Estate Valuation
Co., Ltd (assessed with the securities and futures-related business qualification). The
Company expects to reverse loss into profit for the year 2013, the Accumulative
net profit is approximately RMB 6 million to RMB 9 million .
IV. The registration form of acceptance of investigation, communication and interview in the report period for
future reference
Content of discussion and
Date Place Mode Type Visitor
materials provided
Inquiry about the
progress of
Office of board
assignment of
July 8,2013 secretary of the Telephone Individual Investor
Hangzhou Bay's
Company
equity listed by the
Company
Inquiry about the
Office of board
July 30, Company's
secretary of the Telephone Individual Investor
2013 operating status in
Company
this year
11
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
Unit ：RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 49,463,628.00 52,227,262.00
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable 1,500,000.00
Account receivable 744,712.00 744,712.00
Prepayments 8,640.00 176,443.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 38,414.00
Dividend receivable
Other account receivable 482,976.00 260,005.00
Repurchasing of financial assets 101,536.00
Inventories
Non-current asset due in 1 year
Other current asset
Total of current assets 50,699,956.00 55,048,372.00
Non-current assets：
Loans and payment on other’s
behalf disbursed
Disposable financial asset 656,100.00 751,542.00
Expired investment in possess
12
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Long-term receivable
Long term share equity
65,107,753.00 65,784,312.00
investment
Property investment 29,120,370.00 31,041,484.00
Fixed assets 6,964,353.00 12,416,459.00
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,830,535.00 1,860,764.00
R & D petrol
Goodwill 5,076,064.00 5,099,624.00
Long-germ expenses to be
amortized
Differed income tax asset
Other non-current asset
Total of non-current assets 108,755,175.00 116,954,185.00
Total of assets 159,455,131.00 172,002,557.00
Current liabilities
Short-term loans
Loan from Central Bank
Deposit received and hold for
others
Call loan received
Trade off financial liabilities
Bill payable
Account payable 3,208,629.00 3,239,571.00
Advance payment 1,077,402.00 2,778,488.00
Selling of repurchased financial
assets
Fees and commissions receivable
Employees’ wage payable 794,074.00 766,680.00
Tax payable 1,788,890.00 1,622,074.00
Interest payable
13
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Dividend payable 1,215,946.00 1,215,946.00
Other account payable 22,665,265.00 32,227,317.00
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
Other current liability 1,734,008.00 1,547,263.00
Total of current liability 32,484,214.00 43,397,339.00
Non-current liabilities：
Long-term loan 918,283.00 1,033,936.00
Bond payable
Long-term payable 8,300,205.00 8,488,953.00
Special payable
Expected liabilities
Differed income tax liability 768,925.00 766,660.00
Other non-current liabilities 836,792.00 836,792.00
Total of non-current liabilities 10,824,205.00 11,126,341.00
Total of liability 43,308,419.00 54,523,680.00
Owners’ equity
Share capital 169,142,356.00 169,142,356.00
Capital reserves 39,759,145.00 39,790,784.00
Less：Shares in stock
Special reserves
Surplus reserves 26,704,791.00 26,704,791.00
Common risk provision
Undistributed profit -116,805,351.00 -116,273,941.00
Different of foreign currency
-1,280,715.00 -511,599.00
translation
Total of owner’s equity belong to
117,520,226.00 118,852,391.00
the parent company
Minority shareholders’ equity -1,373,514.00 -1,373,514.00
Total of owners’ equity 116,146,712.00 117,478,877.00
Total of liabilities and owners’
159,455,131.00 172,002,557.00
equity
14
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Legal representative ：Hu Yongfengn
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzhengi
2. Balance sheet of Parent Company
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
Unit：RMB
单位：元
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 12,667,854.00 17,293,509.00
Trading financial assets
Bill receivable 1,500,000.00
Account receivable
Prepayments
Interest receivable
Dividend receivable
Other account receivable 82,879,531.00 72,818,786.00
Inventories 101,536.00
Non-current asset due in 1 year
Other current asset
Total of current assets 95,547,385.00 91,713,831.00
Non-current assets：
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity
36,788,953.00 36,788,953.00
investment
Property investment 4,807,868.00 5,060,748.00
Fixed assets 4,384,712.00 9,145,661.00
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
15
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Gas & petrol
Intangible assets 1,830,535.00 1,860,764.00
R & D petrol
Goodwill
Long-germ expenses to be
amortized
Differed income tax asset
Other non-current asset
Total of non-current assets 47,812,068.00 52,856,126.00
Total of assets 143,359,453.00 144,569,957.00
Current liabilities
Short-term loans
Trade off financial liabilities
Bill payable
Account payable 113,344.00 113,344.00
Advance payment 302,540.00 2,002,540.00
Employees’ wage payable 774,008.00 735,970.00
Tax payable 634,217.00 573,074.00
Interest payable
Dividend payable
Other account payable 879,196.00 884,092.00
Non-current liability due in 1 year
Other current liability 1,634,764.00 1,547,263.00
Total of current liability 4,338,069.00 5,856,283.00
Non-current liabilities：
Long-term loan
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability 4,180,138.00 4,180,138.00
Other non-current liabilities 836,792.00 836,792.00
Total of Non-current liabilities 5,016,930.00 5,016,930.00
Total of liability 9,354,999.00 10,873,213.00
16
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Owners’ equity
Share capital 169,142,356.00 169,142,356.00
Capital reserves 31,606,598.00 31,606,598.00
Less：Shares in stock
Special reserves
Surplus reserves 26,309,287.00 26,309,287.00
Provision of general risk
Undistributed profit -93,053,787.00 -88,963,263.00
Different of foreign currency
-4,398,234.00
translation
Total of owners’ equity 134,004,454.00 133,696,744.00
Total of liabilities and owners’
143,359,453.00 144,569,957.00
equity
Legal representative ：Hu Yongfengn
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzhengi
3. Profit statement（Consolidated）of the report period
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
Unit ：RMB
Items Amount in this period Amount in last period
I. Income from the key business 2,590,258.00 2,254,074.00
Incl：Business income 2,590,258.00 2,254,074.00
II. Total business cost 2,642,927.00 2,754,263.00
Incl：Business cost 562,953.00 671,888.00
Business tax and surcharge 140,673.00 110,834.00
Administrative expense 2,160,795.00 2,046,048.00
Financial expenses -221,494.00 -74,507.00
Add：Gains from change of fir
-11,970.00
value （“-”for loss）
Investment gain（“-”for loss） -476,435.00 -1,450,098.00
Incl: investment gains from 71,083.00 -417,624.00
17
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
affiliates
III. Operational profit（“-”for loss -529,104.00 -1,962,257.00
Add：Non-business income 1,721,300.00 39.00
Less：Non business expenses -2,400,000.00 900.00
IV.Total profit(“-”for loss) 3,592,196.00 -1,963,118.00
V. Net profit（“-”for net loss） 3,592,196.00 -1,963,118.00
Net profit attributable to the
3,592,196.00 -1,963,118.00
owners of parent company
VI. Earnings per share： -- --
（I）Basic earnings per share 0.02 -0.02
(II)Diluted earnings per share 0.02 -0.02
VII. Other comprehensive income -191,503.00 -6,853.00
VIII. Total comprehensive income 3,400,693.00 -1,969,971.00
Total comprehensive income
3,400,693.00 -1,969,971.00
attributable minority shareholders
Legal representative ：Hu Yongfengn
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzhengi
4. Profit statement（Parent Company）of the report period
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
Unit ：RMB
Items Amount in this period Amount in last period
I. Income from the key business 451,350.00 392,370.00
Less：Business cost 605,358.00 965,773.00
Business tax and surcharge 48,828.00
Sales expense 1,223,695.00 1,174,252.00
Administrative expense -751,459.00 -329,257.00
Financial expenses -11,970.00
II. Operational profit（“-”for loss） -154,008.00 -585,373.00
Add：Non-business income 1,721,304.00
18
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Less：Non- business expenses -2,400,000.00 900.00
III.Total profit(“-”for loss) 3,967,296.00 -586,273.00
IV. Net profit（“-”for net loss） 3,967,296.00 -586,273.00
V. Earnings per share： -- --
VII. Total comprehensive income 3,967,296.00 -586,273.00
Legal representative ：Hu Yongfengn
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzhengi
5. Profit statement（Consolidated）from year-begin to the end of report period
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
Unit ：RMB
Items Amount in this period Amount in last period
I. Total operating income 7,580,884.00 7,273,861.00
Including：Operating income 7,580,884.00 7,273,861.00
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 9,270,962.00 9,423,870.00
Including：Operating cost 2,636,266.00 2,871,722.00
Interest expense
Commission chare 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
Operating tax and extras 371,339.00 269,633.00
19
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Sales expenses
Administration expenses 6,210,853.00 6,404,547.00
Financial expenses 52,504.00 -122,032.00
Losses of devaluation of assets
Add ：Changing income of fair value -25,480.00
Investment income -547,518.00 -1,021,452.00
Including：Investment income on
affiliate company and joint venture
Exchange income
III. Operating profit -2,237,596.00 -3,196,941.00
Add ：Non-operating income 1,725,229.00 29,602.00
Less：Non-operating expense 19,043.00 2,982,915.00
Including :Disposal loss of non-current
19,043.00
assets
IV. Total profit -531,410.00 -6,150,254.00
Less：Income tax
V. Net profit（“-”for net loss -531,410.00 -6,150,254.00
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the
-531,410.00 -6,150,254.00
owners of parent company
Minority shareholders’ equity
VI. Earnings per share： -- --
（I）Basic earnings per share 0 -0.04
(II)Diluted earnings per share 0 -0.04
VII. Other comprehensive income -800,754.00 -126,050.00
VIII. Total comprehensive income -1,332,164.00 -6,276,304.00
Total comprehensive income
attributable to the owner of the parent -1,332,164.00 -6,276,304.00
company
Total comprehensive income
attributable minority shareholders
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
20
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Person-in -charge of the accounting organ：Ren Changzheng
6. Profit statement（Parent company）from year-begin to the end of report period
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I. Business income 1,359,820.00 1,133,937.00
Less：Business cost 2,768,487.00 3,473,052.00
Business tax and surcharge 125,097.00
Sales expense
Administrative expense 3,912,575.00 4,075,596.00
Financial expenses -1,522,065.00 -962,700.00
Asset impairment loss
Add：Gains from change of fir
-25,480.00
value （“-”for loss）
Investment gain（“-”for loss） 11,022.00
Incl: investment gains from
affiliates
II. Operational profit -1,408,667.00 -2,353,573.00
Add：Non-business income 1,723,304.00 5,174.00
Less：Non business expenses 6,927.00 2,982,915.00
Incl：Loss from disposal of
non-current assets
III.Total profit 307,710.00 -5,331,314.00
Less：Income tax expenses
IV. Net profit 307,710.00 -5,331,314.00
V. Earnings per share -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VII. Other comprehensive income
VIII. Total comprehensive income 307,710.00 -5,331,314.00
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
21
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Person-in -charge of the accounting organ：Ren Changzheng
7. Cash flow statement（Consolidated）from year-begin to the end of report period
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
8,629,764.00 7,324,251.00
rending of services
Net increase of customer
deposits and capital kept for
brother company
Net increase of loans from
central bank
Net increase of inter-bank
loans from other financial bodies
Cash received against original
insurance contract
Net cash received from
reinsurance business
Net increase of client deposit
and investment
Net increase of trade financial
asset disposal
Cash received as interest,
processing fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Tax returned
Other cash received from business
1,414,842.00 945,178.00
operation
Sub-total of cash inflow 10,044,606.00 8,269,429.00
Cash paid for purchasing of
merchandise and services
Net increase of client trade and
22
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
advance
Net increase of savings n central
bank and brother company
Cash paid for original contract
claim
Cash paid for interest,
processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for
2,015,756.00 2,200,990.00
staffs
Taxes paid 1,614,901.00 1,435,562.00
Other cash paid for business
3,626,268.00 3,844,465.00
activities
Sub-total of cash outflow from
7,256,925.00 7,481,017.00
business activities
Cash flow generated by
2,787,681.00 788,412.00
business operation, net
II.Cash flow generated by
investing
Cash received from investment
retrieving
Cash received as investment
21,841.00
gains
Net cash retrieved from disposal
of fixed assets, intangible assets, 5,087,000.00 30,000.00
and other long-term assets
Net cash received from disposal
of subsidiaries or other
operational units
Other investment-related cash
received
Sub-total of cash inflow due to
5,087,000.00 51,841.00
investment activities
Cash paid for construction of
fixed assets, intangible assets 94,091.00 115,375.00
and other long-term assets
Cash paid as investment
Net increase of loan against
23
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
pledge
Net cash received from
subsidiaries and other operational
units
Other cash paid for investment
activities
Sub-total of cash outflow due to
94,091.00 115,375.00
investment activities
Net cash flow generated by
4,992,909.00 -63,534.00
investment
III.Cash flow generated by
financing
Cash received as investment
Incl: Cash received as
investment from minor
shareholders
Cash received as loans
Cash received from bond
placing
Other financing –related ash
received
Sub-total of cash inflow from
financing activities
Cash to repay debts 10,000,000.00
Cash paid as dividend, profit, or
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing
activities
Sub-total of cash outflow due to
10,000,000.00
financing activities
Net cash flow generated by
-10,000,000.00
financing
IV. Influence of exchange rate
alternation on cash and cash -544,224.00 222,976.00
equivalents
V.Net increase of cash and cash
-2,763,634.00 947,854.00
equivalents
24
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Add: balance of cash and cash
equivalents at the beginning of 52,227,262.00 53,399,316.00
term
VI ..Balance of cash and cash
49,463,628.00 54,347,170.00
equivalents at the end of term
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
8. Cash flow statement（Parent Company）from year-begin to the end of report period
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
2,565,110.00 1,133,937.00
rending of services
Tax returned
Other cash received from business
2,244,972.00 1,297,025.00
operation
Sub-total of cash inflow 4,810,082.00 2,430,962.00
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for
1,419,576.00 1,346,093.00
staffs
Taxes paid 828,898.00 634,383.00
Other cash paid for business
2,259,264.00 2,552,863.00
activities
Sub-total of cash outflow from
4,507,738.00 4,533,339.00
business activities
Cash flow generated by
302,344.00 -2,102,377.00
business operation, net
II.Cash flow generated by
investing
Cash received from investment
retrieving
25
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Cash received as investment
21,841.00
gains
Net cash retrieved from disposal
of fixed assets, intangible assets, 5,072,000.00 30,000.00
and other long-term assets
Net cash received from disposal
of subsidiaries or other
operational units
Other investment-related cash
received
Sub-total of cash inflow due to
5,072,000.00 51,841.00
investment activities
Cash paid for construction of
fixed assets, intangible assets
and other long-term assets
Cash paid as investment
Net cash received from
subsidiaries and other operational
units
Other cash paid for investment
activities
Sub-total of cash outflow due to
investment activities
Net cash flow generated by
5,072,000.00 51,841.00
investment
III.Cash flow generated by
financing
Cash received as investment
Cash received as loans
Cash received from bond
placing
Other financing –related ash
received
Sub-total of cash inflow from
financing activities
Cash to repay debts 10,000,000.00
Cash paid as dividend, profit, or
interests
26
深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
Other cash paid for financing
activities
Sub-total of cash outflow due to
10,000,000.00
financing activities
Net cash flow generated by
-10,000,000.00
financing
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
-4,625,656.00 -2,050,536.00
equivalents
Add: balance of cash and cash
equivalents at the beginning of 17,293,510.00 21,483,163.00
term
VI ..Balance of cash and cash
12,667,854.00 19,432,627.00
equivalents at the end of term
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
27
