Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2016
Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2016
October 2016
1
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
I. Important notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Zhu Jun, The Company Leader, Mr. Zhu Jun, Chief financial officer and the Mr. Mu Linying, the person in
charge of the accounting department (the person in charge of the accounting )hereby confirm the authenticity and
completeness of the financial report enclosed in the report.
This report is prepared in both Chinese and English. Should there be an discrepancy between the two versions, the
Chinese version shall prevail.
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
II.Main financial data and changes of shareholders
I.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） 2,777,417,478.69 2,969,394,978.70 -6.47%
Net assets attributable to the
shareholders of the listed company 2,121,967,996.35 2,174,569,545.55 -2.42%
（RMB）
Increase/decrease over Between beginning of
Changed （%）over
Reporting period the same period of last the year to the end of
end of prev. year
year（%） the report period
Operating income（RMB） 305,710,856.98 -5.08% 857,868,442.54 -9.03%
Net profit attributable to the
shareholders of the listed company -22,331,061.71 -1,403.38% -52,428,913.11 -948.00%
（RMB）
Net profit after deducting of
non-recurring gain/loss attributable
-28,728,256.10 -120.21% -61,106,934.45 -31.61%
to the shareholders of listed
company（RMB）
Cash flow generated by business
-- -- -48,557,775.49 -222.95%
operation, net（RMB）
Basic earning per
-0.04 -1,233.33% -0.10 -1,100.00%
share(RMB/Share)
Diluted gains per
-0.04 -1,233.33% -0.10 -1,100.00%
share(RMB/Share)(RMB/Share)
Weighted average income/asset
-1.04% -0.97% -2.44% -2.72%
ratio（%）
In RMB
Amount (Year-beginning to
Items Notes
the end of the report period.)
Non-current asset disposal gain/loss(including the write-off part
-13,688.95
for which assets impairment provision is made)
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business 3,330,021.35
and granted under the state’s policies)
Other non-business income and expenditures other than the above 5,361,871.03
Less：Amount of influence of income tax 182.09
Total 8,678,021.34 --
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
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting
Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders
Total number of common with the voting power
32,431 0
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Shenzhen
Investment State-owned legal
46.21% 234,069,436
Holdings Co., person
Ltd.
Qianhai Life
Domestic non
insurance Co.,
State-owned 4.02% 20,384,816
Ltd.－Self funds
Legal person
Huatai Portfolio
Shenzhen
Shenchao
State-owned
Technology 3.18% 16,129,032
Legal person
Investment Co.,
Ltd.
Anhui Guofu
Industrial Domestic non
Investment Funds State-owned 0.73% 3,708,341
Mangement Co., Legal person
Ltd.
Domestic Nature
He Zhu 0.67% 3,382,468
person
MORGAN
STANLEY &
Overseas legal
CO. 0.57% 2,900,814
person
INTERNATION
AL PLC
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Domestic Nature
Sun Huiming 0.48% 2,443,526
person
Domestic Nature
Xia Keyun 0.48% 2,412,192
person
Shanghai
Chujiang Domestic non
Enterprise State-owned 0.40% 2,050,000
Development Legal person
Co., Ltd.
Beijing Shen
Zhou Mu
Investment Fund
Domestic non
Management
State-owned 0.36% 1,831,100
Co., Ltd.－
Legal person
Hongyan
Shenzhoumu
Fund
Shares held by the Top 10 Shareholders of Non-restricted shares
Share type
Shareholders’ Names Number of the non-restricted shares held
Share type Quantity
Shenzhen Investment Holdings Co., RMB Common
234,069,436 234,069,436
Ltd. shares
Qianhai Life insurance Co., Ltd.－ RMB Common
20,384,816 20,384,816
Self funds Huatai Portfolio shares
Shenzhen Shenchao Technology RMB Common
16,129,032 16,129,032
Investment Co., Ltd. shares
Anhui Guofu Industrial Investment RMB Common
3,708,341 3,708,341
Funds Mangement Co., Ltd. shares
RMB Common
He Zhu 3,382,468 3,382,468
shares
Foreign shares
MORGAN STANLEY & CO. placed in
2,900,814 2,900,814
INTERNATIONAL PLC domestic
exchange
Foreign shares
placed in
Sun Huiming 2,443,526 2,443,526
domestic
exchange
RMB Common
Xia Keyun 2,412,192 2,412,192
shares
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Shanghai Chujiang Enterprise RMB Common
2,050,000 2,050,000
Development Co., Ltd. shares
Beijing Shen Zhou Mu Investment
RMB Common
Fund Management Co., Ltd.－ 1,831,100 1,831,100
shares
Hongyan Shenzhoumu Fund
Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of
Shenzhen Investment Holding Co., Ltd. and a person taking concerted action. Except this, the
Explanation on shareholders Company did not whether there is relationship between the top ten shareholders holding
participating in the margin trading non-restricted negotiable shares and between the top ten shareholders holding non-restricted
business negotiable shares and the top 10 shareholders or whether they are persons taking concerted
action defined in Regulations on Disclosure of Information about Shareholding of
Shareholders of Listed Companies.
Participation of top 10
unconditional common share The Company Shareholder He Zhu holds 3,382,468 shares of the Company through stock
shareholders in securities margin account with credit transaction and guarantee of Everbright Securities Co.,Ltd.
trading (if any)
Agreed re-purchasing by the Company’s top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes √ No
No agreed re-purchasing is performed by the Company’s shareholders in the report period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
□ Applicable √ Not applicable
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
III Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
√ Applicable □ Not applicable
1. The closing balance of Note receivable is RMB 42.7915 million, increased by 127.11% compared with the
beginning of the year, Its is mainly because clients purchase with bank acceptance.；
2.The closing balance of advance payment is RMB15.0037 million, increassed by 91.04% compared with the
beginning of the year, Mainly due to advance payment of the project contruction of NO.6 line;
3.The closing balance of interest receivable is RMB7.5375 million ,decreased by 75.12% compared with the
beginning of the year，Mainly due to the receipt of structured deposit interest this period;
4. Other account receivable is RMB58.9911 million, increased by 30.70% compared with the beginning of the
year, Mainly due to the increase in deposit and margin for the current period;
5.Real estate investment is RMB 180.9673 million, increased by 34.66% compared with the beginnin of the year,
Mainly due to the completion of Guanhua Building carried forward;
6.Short-term borrowing is RMB10.12 million,decreased by 81.21% compared with the beginning of the year，
Mainly due to reduce the Yen bill payment;
7.Taxes payable is RMB4.6461 million ,decreased by 68.36% compared with the beginning of the year, Mainly
due to the final settlement of income tax;
8. Retained earnings is RMB -43.2628 million, decreased by 571.98% compared with the beginning of the year，
Mainly due to the current loss;
9. Business tax and surcharges is RMB3.8037 million , decreased by 30.87% over the same time last year, Mainly
due to change camp;
10. The financial expenses is RMB9.7650 million，increased by 199.14% over the same time last year，Mainly due
to the increase in exchange losses;
11.Investment income is RMB4.1090 million, decreased by 91.58% over the same time last year，Mainly due to
the decrease in the investment income from the sale of available-for-sale financial assets;
12. Non-business expenses is RMB 8.7083 million ,decreased by 55.54% over the same time last year，Mainly due
to the reduction of government subsidies;
13.Income tax expenses is RMB7.6828 million, decreased by 60.65% over the same time last year，Mainly due to
the reduction of taxable income;
14. Cash flow from the business activities is RMB-48.5578 million, decreased by RMB 88.0508 million over the
same time last year, Mainly due to the current deposit and deposit increased;
15. Cash flow generated by investment is RMB 24.0122 million, increased by RMB 448.0023 million over the
same time last year、Mainly due to the maturity of the deposits of current structure due;
16. Cash flow generated by financing is RMB -77 million, decreased by RMB54.90 million over the same time
last year, Mainly due to the decrease in the yen denomination.
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
II. The progress of significant events and influence, as well as the analysis and explanation on
resolving proposal.
√ Applicable □ Not applicable
I. The company planning a major asset restructuring
1. On the evening of August 3, 2016, the company received a notice from the company’s controlling
shareholder-Shenzhen Investment Holdings Co.,Ltd, which plans an item that constitutes a major event to the
company. As there is uncertainty about such matter, for better protecting the investor’s interests and ensuring the
fair information disclosure and avoiding the abnormal fluctuation to the company’s stock, the suspension of the
company’s stock trading commenced from the date of August 4, 2016. On August 17, 2016, it’s confirmed that
the afore-said major event constitutes a major asset restructuring, so the suspension of the company’s stock
trading continues from August 18, 2016 but with the reason of major asset restructuring. Refer to Company
Announcement No. 2016-23 and No. 2016-25 at JuChao information network (http://www.cninfo.com.cn)
2. Because of this major asset restructuring involving many matters and having a heavy workload, adding the
transaction scheme still needs a further demonstration and communication, so for better protecting the investor’s
interests and avoiding the abnormal fluctuation to the company’s stock, the suspension of the company’s stock
trading, after being approve by Shenzhen Stock Exchange, will continue from the date of September 19, 2016.
Refer to Company Announcement No. 2016-36 at JuChao information network (http://www.cninfo.com.cn)
3. During the suspension period, the company disclosed the progress information of the relevant matter in every
five trading days in strict compliance with the relevant laws and regulations. To the end of the reporting period,
the company and the independent financial adviser has been actively working with all the parties to promote all
the work of the major asset restructuring, including the communication and demonstration of the scheme of this
major asset restructuring, the cooperation with the intermediary for its due diligence, and the consultation for the
agreement contents of the framework of the major restructuring.
4. As of the disclosure date of this report, the Proposal on Application for a Continuing Suspension for the
Company’s Stock Trading due to the Major Asset Restructuring was examined and approved in the twenty-eighth
meeting of the sixth session of board of directors. After the application was approved by Shenzhen Stock
Exchange, the suspension of the company’s stock trading continues from the date of October 19, 2016, but the
suspension period shall not exceed 3 months (till to the day before November 3, 2016)calculated from the initial
suspension date. Meanwhile, the Proposal on Convening a General Shareholders’ Meeting to Deliberate the
Relevant Matters about the Continuing Suspension was approved, so the company will convene the 2016 First
Provisional general shareholders’ meeting on November 3, 2016 to deliberate the continuing suspension matter
for the major asset restructuring. After such proposal being approved in the provisional general shareholders’
meeting, the company will make an application of a continuing suspension of the company’s stock trading from
November 4, 2016 to Shenzhen Stock Exchange, with a continuing suspension period not more than three months
and the total suspension period no more than 6 months (till to the day before February 3, 2017) calculated from
the initial suspension date. On October 17, the company signed the Framework Agreement for the Major Asset
Restructuring with TCL Corporation. Refer to Company Announcement No.2016-46, No.2016-47, No.2016-48
and No.2016-49 at JuChao information network (http://www.cninfo.com.cn)
II.The item of the company’s subsidiary-Shengbo Optoelectronic Co.,Ltd’s open introducing of strategic investors
1. In order to solve the current operational difficulties of Shengbo Optoelectronic Co.,Ltd(hereinafter referred to
as Shengbo Optoelectronic) and enhance its technological level, management level and its profitability, the
company started the work to introduce strategic investors for Shengbo Optoelectronic Co.,Ltd. By introducing the
industrial resource-based strategic investors, enriching and expanding the upstream and downstream industry
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
chain, the overall compositeness of Shengbo Optoelectronic shall be further improved; meanwhile, the company
shall fully utilize the advantages of mixed ownership to excite the inner vitality. It was planned that the
shareholding ratio of the introduced strategic investors will be 40%. Such item was, after the audit, assessment
and the appropriate reviewing process performed, publicly listed on Shenzhen United Property Exchange on July
11, 2016, with the duration of 40 working days that would expire on September 2.Refer to Company
Announcement No. 2016-19, No.2016-20 and No.2016-21 at JuChao information network
(http://www.cninfo.com.cn)
2. As of September 2, 2016 the expiration date of the announced period, the item of increasing capital and getting
40% equity accordingly of Shengbo Optoelectronic has got the investment intention of one investor which is
Hangzhou Jinjiang Group Co., Ltd(hereinafter referred to as Jinjiang Group). It’s agreed that Jinjiang Group sets
up a limited partnership company as the main body of increasing capital to subscribe the stake of Shengbo
Optoelectronic with the amount of RMB 1352.64 million and obtain 40% stake of Shengbo Optoelectronic after
the completion of the capital increase. According to the rules of property rights transaction, the company will
negotiate and sign the Agreement on Increasing Stock by Corporate Capital Increase with the limited partnership
company set by Jinjiang Group, and the follow-up related formalities will be handled. Refer to Company
Announcement No.2016-40 at JuChao information network (http://www.cninfo.com.cn).As of the disclosure date
of this report, the establishment of the limited partnership company controlled by Jinjiang Group has not been
completed.
III.The progress about the second phase of the No.6 line project of TFT-LCD polarizer
During the reporting period, the second phase of the No.6 line project has been proceeded as planned, for instance,
part of the host equipment has completed the manufacturing, 65% of engineering work for purification and
decoration and the related projects has been completed and the technological and commercial exchange of the
installation and the second matching engineering of the host equipment is proceeding.
Description of the website for disclosing
Overview of material matters Date of disclosing
provisional announcements
(www.cninfo.com.cn)，Announcement
August 5,2016
No.：2016-23
(www.cninfo.com.cn)，Announcement
The company planning a major asset August 18,2016
No.：2016-25
restructuring
(www.cninfo.com.cn)，Announcement
September 19,2016
No.：2016-36
(www.cninfo.com.cn)，Announcement
October 18,2016
No.：2016-46,2016-47,2016-48,2016-49.
(www.cninfo.com.cn)，Announcement
May 17,2016
No.：2016-19
The item of the company’s
subsidiary-Shengbo Optoelectronic (www.cninfo.com.cn)，Announcement
July 2,2016
Co.,Ltd’s open introducing of strategic No.：2016-20
investors (www.cninfo.com.cn)，Annoumcement
July 2,2016
No：2016-21
September 21,2016 (www.cninfo.com.cn)，Announcement
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
No.：2016-40
III ． Commitments finished in implementation by the Company, shareholders, actual controll
er, acquirer, directors, supervisors, senior executives or other related parties in the reporting
period and commitments unfinished in implementation at the end of the reporting.
.√ Applicable □ Not applicable
Time of
Commitment Period of
Commitment Type Contents making Fulfillment
maker commitment
commitment
As Shenzhen
Investment
Holdings Co.,
Ltd., the
controlling
shareholder of
the company,
committed
when the
restricted-for-s
ale shares
from the
shares
restructuring
were listed for
Shenzhen
Share circulation in
Investment August 4, Sustained and Under
Commitment on share reform reduction the market: i.
Holdings Co., 2006 effective Fulfillment
commitment if they plan to
Ltd
sell the shares
through the
securities
exchange
system in the
future, and the
decrease of
the shares they
hold reaches
5% within 6
months after
the first
decrease, they
will disclose
an
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
announcement
indicating the
sale through
the company
within two
trading days
before the first
decrease; ii.
They shall
strictly
observe the
“Guidelines
on Transfer of
Restricted-for-
sale Original
Shares of
Listed
Companies” a
nd the
provisions of
the relevant
business
principles of
Shenzhen
Stock
Exchange.
Commitment in the acquisition report
or the report on equity changes
Commitment made upon the assets
replacement
Shenzhen
Investment
Holdings Co.,
Commitments Ltd. signed a
on horizontal “Letter of
Shenzhen
competition, Commitment
Investment October 9, Sustained and Under
Commitments made upon issuance related and Statement
Holdings Co., 2009 effective Fulfillment
transaction on Horizontal
Ltd.
and capital Competition
occupation Avoidance”
when the
company
issued
12
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
non-public
stocks in
2009.
Pursuant to
the Letter of
Commitment
and Statement,
Shenzhen
Investment
Holdings Co.,
Ltd. and its
wholly owned
subsidiary,
subsidiaries
under control
or any other
companies
that have
actual control
of it shall not
be involved in
the business
the same as or
similar to
those
Shenzhen
Textile
currently or
will run in the
future, or any
businesses or
activities that
may constitute
direct or
indirect
competition
with Shenzhen
Textile; if the
operations of
Shenzhen
Investment
Holdings Co.,
Ltd. and its
wholly owned
13
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
subsidiaries,
subsidiaries
under control
or other
companies
that have
actual control
of it compete
with Shenzhen
Textile in the
same industry
or contradict
the interest of
the issuer in
the future,
Shenzhen
Investment
Holdings Co.,
Ltd. shall urge
such
companies to
sell the equity,
assets or
business to
Shenzhen
Textile or a
third party;
when the
horizontal
competition
may occur due
to the business
expansion
concurrently
necessary for
Shenzhen
Investment
Holdings Co.,
Ltd. and its
wholly owned
subsidiaries,
subsidiaries
under control
or other
14
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
companies
that have
actual control
of it and
Shenzhen
Textile,
Shenzhen
Textile shall
have priority.
The
commitments
during the
period
non-public
issuance in
2012: 1.
Shenzhen
Investment
Holdings, as
the controlling
shareholder of
Shenzhen
Textile,
Commitments currently
on horizontal hasn't the
Shenzhen
competition, production
Investment July 14, Sustained and Under
related and business
Holdings Co., 2012 effective Fulfillment
transaction activities of
Ltd.
and capital inter-industry
occupation competition
with Shenzhen
Textile or its
share-holding
subsidiary. 2.
Shenzhen
Investment
Holdings and
its
share-holding
subsidiaries or
other
enterprises
owned the
actual control
15
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
rights can't be
directly and
indirectly on
behalf of any
person,
company or
unit to engage
in the same or
similar
business in
any districts in
the future by
the form of
share-holding,
equity
participation,
joint venture,
cooperation,
partnership,
contract,
lease, etc., and
ensure not to
use the
controlling
shareholder's
status to
damage the
legitimate
rights and
interests of
Shenzhen
Textile and
other
shareholders,
or to gain the
additional
benefits. 3. If
there will be
the situation
of
inter-industry
competition
with Shenzhen
Textile for
16
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Shenzhen
Investment
Holdings and
its
share-holding
subsidiaries or
other
enterprises
owned the
actual control
rights in the
future,
Shenzhen
Investment
Holdings will
promote the
related
enterprises to
avoid the
inter-industry
competition
through the
transfer of
equity, assets,
business and
other ways. 4.
Above
commitments
will be
continuously
effective and
irrevocable
during
Shenzhen
Investment
Holdings as
the controlling
shareholder of
Shenzhen
Textile or
indirectly
controlling
Shenzhen
Textile.
17
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Commitment t
o non-public o
ffering during
the second pha
se project of S
Shenzhen hen Textile sh
Investment Share limited ares subscribe March 25, Has been
2016-03-25
Holdings Co., commitment d lock handle, 2013 Fulfilled
Ltd. locking Shen
Textile non-pu
blic offering o
n the stock ma
rket of 36 mon
ths.
Equity incentive commitment
Other commitments made to minority
shareholders
Executed timely or not? Yes
If the commitments failed to complete
the execution when expired, should
specifically explain the reasons of None
unfulfillment and the net stage of the
working plan
IV．Prediction of Business performance for 2016
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□ Applicable √ Not applicable
V. Investment in securities
□ Applicable √Not applicable
No Securities investment in period
VI. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
18
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
VII. Registration form of such Activities as Reception, Research, Communication, Interview
in the Reporting Period
√Applicable □Not applicable
Reception time Way of reception Types of visitors Basic index
To know more about the situation of
polarizer industry and the situation of the
company’s production and operation,
July 25,2016 Onsite investigation Organization please see details in “Log of Investor
Relation Activities” posted on the
interactive platform of investor relation
on July,25, 2016.（No：2016-02）
VIII. Outward Guarantee against the Regulations
□ Applicable √ Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
IX. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder
and its Related Parties
□ Applicable √ Not applicable
The Company had no non-operational fund occupation from controlling shareholders and its related party.
19
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by:Shenzhen Textile (Holdings) Co., Ltd.
September 30,2016
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 651,706,219.88 752,314,871.53
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable 42,791,537.62 18,841,745.16
Account receivable 207,601,148.23 182,766,372.05
Prepayments 15,003,651.48 7,853,818.19
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 7,537,497.64 30,298,938.80
Dividend receivable
Other account receivable 58,991,091.66 45,133,672.10
Repurchasing of financial assets
Inventories 296,392,282.90 308,775,044.88
Assets held for sales
Non-current asset due in 1 year
Other current asset 368,000,000.00 513,553,675.47
Total of current assets 1,648,023,429.41 1,859,538,138.18
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Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Non-current assets：
Loans and payment on other’s behalf
disbursed
Disposable financial asset 42,452,937.66 43,241,524.06
Expired investment in possess
Long-term receivable
Long term share equity investment 23,571,662.31 22,879,269.06
Property investment 180,967,280.85 134,389,963.05
Fixed assets 738,167,212.41 790,019,487.16
Construction in progress 102,457,563.10 75,803,586.70
Engineering material
Fixed asset disposal 4,884.50
Production physical assets
Gas & petrol
Intangible assets 39,757,564.69 40,626,936.34
R & D petrol
Goodwill
Long-germ expenses to be amortized 816,147.53 633,541.50
Deferred income tax asset 1,198,796.23 2,262,532.65
Other non-current asset
Total of non-current assets 1,129,394,049.28 1,109,856,840.52
Total of assets 2,777,417,478.69 2,969,394,978.70
Current liabilities
Short-term loans 10,119,992.21 53,866,521.87
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Bill payable
Account payable 186,634,241.66 227,528,808.60
Advance payment 28,144,041.74 28,199,415.11
Selling of repurchased financial assets
21
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Fees and commissions receivable
Employees’ wage payable 16,485,948.95 35,307,822.40
Tax payable 4,646,085.55 14,682,643.09
Interest payable 42,050,103.99 39,088,887.96
Dividend payable
Other account payable 129,821,261.99 125,775,723.80
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 40,000,000.00
Other current liability 149,845.50
Total of current liability 418,051,521.59 564,449,822.83
Non-current liabilities：
Long-term loan 120,000,000.00 120,000,000.00
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable employees’s
remuneration
Special payable
Expected liabilities
Deferred income 106,743,662.61 99,524,165.58
Deferred income tax liability 10,654,298.14 10,851,444.74
Other non-current liabilities
Total non-current liabilities 237,397,960.75 230,375,610.32
Total of liability 655,449,482.34 794,825,433.15
Owners’ equity
Share capital 506,521,849.00 506,521,849.00
Other equity instrument
Including：preferred stock
Sustainable debt
22
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Capital reserves 1,585,130,057.75 1,585,130,051.37
Less：Shares in stock
Other comprehensive income 3,039,544.88 3,212,187.35
Special reserves
Surplus reserves 70,539,319.86 70,539,319.86
Common risk provision
Undistributed profit -43,262,775.14 9,166,137.97
Total of owner’s equity belong to the
2,121,967,996.35 2,174,569,545.55
parent company
Minority shareholders’ equity
Total of owners’ equity 2,121,967,996.35 2,174,569,545.55
Total of liabilities and owners’ equity 2,777,417,478.69 2,969,394,978.70
Legal Representative: Zhu Jun Person in charge of accounting：Zhu Jun Accounting Dept Leader: Mu
Linying
2.Parent Company Balance Sheet
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 400,367,280.51 271,582,749.03
Financial assets measured at fair value with
variations accounted into current income
account
Derivative financial assets
Bill receivable 1,400,000.00
Account receivable 744,135.07 819,054.57
Prepayments 249,000.00 1,754,880.00
Interest receivable 1,391,682.88 22,294,015.02
Dividend receivable 7,798,378.51
Other account receivable 15,194,406.29 72,543,709.78
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 60,000,000.00 260,000,000.00
23
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Total of current assets 479,346,504.75 636,792,786.91
Non-current assets：
Disposable financial asset 40,952,937.66 41,741,524.06
Expired investment in possess
Long-term receivable
Long term share equity investment 1,987,795,428.92 1,779,103,035.67
Property investment 173,804,138.70 126,873,096.51
Fixed assets 27,850,221.44 26,579,978.92
Construction in progress 38,792,110.90
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,180,896.96 1,378,688.61
R & D petrol
Goodwill
Long-germ expenses to be amortized
Differed income tax asset 1,729,491.77 2,556,126.29
Other non-current asset
Total of non-current assets 2,233,313,115.45 2,017,024,560.96
Total of assets 2,712,659,620.20 2,653,817,347.87
Current liabilities
Short-term loans
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Bill payable
Account payable 411,743.57 411,743.57
Advance payment 639,024.58 639,024.58
Employees’ wage payable 4,131,171.43 7,299,686.80
Tax payable 4,626,179.46 12,558,340.06
Interest payable
Dividend payable
Other account payable 119,371,463.76 77,332,555.09
24
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Liabilities held for sales
Non-current liability due in 1 year
Other current liability
Total of current liability 129,179,582.80 98,241,350.10
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Employees’ wage Long-term payable
Special payable
Expected liabilities
Differed income
Differed income tax liability 81,322.97 278,469.57
Other non-current liabilities
Total of Non-current liabilities 81,322.97 278,469.57
Total of liability 129,260,905.77 98,519,819.67
Owners’ equity
Share capital 506,521,849.00 506,521,849.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 1,576,547,075.96 1,576,547,069.58
Less：Shares in stock
Other comprehensive income 3,039,544.88 3,212,187.35
Special reserves
Surplus reserves 70,539,319.86 70,539,319.86
Undistributed profit 426,750,924.73 398,477,102.41
Total of owners’ equity 2,583,398,714.43 2,555,297,528.20
Total of liabilities and owners’ equity 2,712,659,620.20 2,653,817,347.87
3.Consolidated Profit statement of the Report period
25
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 305,710,856.98 322,076,321.92
Incl：Business income 305,710,856.98 322,076,321.92
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 332,838,956.11 334,440,714.71
Incl：Business cost 293,161,084.09 299,844,588.98
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 676,740.73 1,955,653.09
Sales expense 2,395,071.28 2,995,741.03
Administrative expense 28,691,827.56 25,571,161.74
Financial expenses 792,176.38 1,423,203.81
Asset impairment loss 7,122,056.08 2,650,366.06
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 1,841,836.25 1,210,004.77
Incl: investment gains from affiliates 495,803.23 538,702.27
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss -25,286,262.88 -11,154,388.02
Add：Non-business income 6,410,060.11 11,711,198.52
Incl：Gains from disposal of non-current
4,756.09
assets
Less：Non business expenses 9,247.31 27,796.76
Incl：Loss from disposal of non-current
-7,081.98
assets
IV.Total profit(“-”for loss) -18,885,450.08 529,013.74
26
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Less：Income tax expenses 3,445,611.63 2,014,408.71
V. Net profit（“-”for net loss -22,331,061.71 -1,485,394.97
Net profit attributable to the owners of
-22,331,061.71 -1,485,394.97
parent company
Minority shareholders’ equity
VI. Net after-tax of Other
1,836,791.59 -2,763,151.39
comprehensive income
Net after-tax
of other comprehensive income attribut 1,836,791.59 -2,763,151.39
able to owners of the parent company.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b 1,836,791.59 -2,763,151.39
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
1,648,638.44 -3,396,979.04
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
188,153.15 633,827.65
ancial statements
6.Other
Net
after-tax of other comprehensive incom
e attributable to Minority shareholders’
27
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
equity
VII. Total comprehensive income -20,494,270.12 -4,248,546.36
Total comprehensive income
attributable to the owner of the parent -20,494,270.12 -4,248,546.36
company
Total comprehensive income
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.04 -0.003
(II)Diluted earnings per share -0.04 -0.003
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0, last period the combined party realized RMB 0.
Legal Representative: Zhu Jun Person in charge of accounting：Zhu Jun Accounting Dept Leader: Mu
Linying
4.Income statement of the Parent Company of the Report period
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 16,253,921.81 16,673,908.73
Incl：Business cost 3,770,559.95 3,416,259.44
Business tax and surcharge 574,926.95 1,428,180.41
Sales expense
Administrative expense 5,639,121.85 5,312,787.36
Financial expenses -1,597,590.78 1,547,925.62
Asset impairment loss -3,322,787.77 31,823.50
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 1,164,195.73 9,258,383.28
Incl: investment gains from affiliates 495,803.23 538,702.27
II. Operational profit（“-”for loss 12,353,887.33 14,195,315.68
Add：Non-business income 239,989.71
Incl：Gains from disposal of non-current
4,756.09
assets
Less：Non business expenses
Incl：Loss from disposal of non-current
assets
28
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
III.Total profit(“-”for loss) 12,353,887.33 14,435,305.39
Less：Income tax expenses 2,964,521.03 1,495,529.26
IV. Net profit（“-”for net loss） 9,389,366.30 12,939,776.13
V. Net after-tax of Other comprehensive
1,836,791.59 -2,763,151.39
income
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b 1,836,791.59 -2,763,151.39
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
1,648,638.44 -3,396,979.04
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
188,153.15 633,827.65
ancial statements
6.Other
VI. Total comprehensive income 11,226,157.89 10,176,624.74
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated income statement between the beginning of the year and end of the report period
In RMB
29
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Items Amount in this period Amount in last period
I. Total operating income 857,868,442.54 943,069,655.40
Including：Operating income 857,868,442.54 943,069,655.40
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 915,401,781.55 985,653,962.14
Including：Operating cost 804,410,781.73 887,982,615.01
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 3,803,678.76 5,502,273.75
Sales expenses 6,911,080.91 8,006,440.06
Administration expenses 74,816,082.68 70,628,446.60
Financial expenses 9,764,993.94 -9,849,981.82
Losses of devaluation of assets 15,695,163.54 23,384,168.54
Add ：Changing income of fair value
Investment income 4,109,029.54 48,801,951.20
Including：Investment income on affiliate
1,207,801.57 1,568,224.14
company and joint venture
Exchange income
III. Operating profit -53,424,309.47 6,217,644.46
Add ：Non-operating income 8,708,280.52 19,588,147.80
Including :Disposal Gains of
5,056.09
non-current assets
Less：Non-operating expense 30,077.09 100,785.32
Including :Disposal loss of
13,688.95 72,965.54
non-current assets
30
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
IV. Total profit -44,746,106.04 25,705,006.94
Less：Income tax 7,682,807.07 19,522,373.96
V. Net profit（“-”for net loss -52,428,913.11 6,182,632.98
Net profit attributable to the owners of
-52,428,913.11 6,182,632.98
parent company
Minority shareholders’ equity
VI. Net after-tax of Other comprehensive
-172,642.47 -32,131,612.56
income
Net after-tax of
other comprehensive income attributable to -172,642.47 -32,131,612.56
owners of the parent company.
（I）Other comprehensive income items
that will not be reclassified into gains/losses
in the subsequent accounting period
1.Re-measurement of defined benefit plans
of changes in net debt or net assets
2.Other comprehensive income under the e
quity method investee can not be reclassifie
d into profit or loss.
（II）
Other comprehensive income that will be re -172,642.47 -32,131,612.56
classified into profit or loss.
1.Other comprehensive income under the e
quity method investee can be reclassified in
to profit or loss.
2.Gains and losses from changes in fair val
-591,439.80 -32,759,624.50
ue available for sale financial assets
3.Held-to-maturity investments reclassified
to gains and losses of available for sale fina
ncial assets
4.The effective portion of cash flow hedges
and losses
5.Translation differences in currency financ
418,797.33 628,011.94
ial statements
6.Other
Net after-tax of
other comprehensive income attributable to
Minority shareholders’ equity
31
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
VII. Total comprehensive income -52,601,555.58 -25,948,979.58
Total comprehensive income attributable to
-52,601,555.58 -25,948,979.58
the owner of the parent company
Total comprehensive income attributable
minority shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.10 0.01
(II)Diluted earnings per share -0.10 0.01
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0, last period the combined party realized RMB 0.
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I. Business income 47,852,981.99 48,201,097.76
Less：Business cost 9,424,664.27 8,819,816.67
Business tax and surcharge 2,837,268.54 3,929,922.41
Sales expense
Administrative expense 17,241,163.36 16,655,025.27
Financial expenses -9,259,975.56 -6,954,416.07
Asset impairment loss -3,306,538.05 79,889.94
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 3,431,389.02 56,164,984.76
Incl: investment gains from affiliates 1,207,801.57 1,568,224.14
II. Operational profit 34,347,788.44 81,835,844.30
Add：Non-business income 2,047,648.92
Incl：Gains from disposal of non-current
4,756.09
assets
Less：Non business expenses 13,422.71 13,020.92
Incl：Loss from disposal of non-current
13,422.71 13,020.92
assets
III.Total profit 34,334,365.73 83,870,472.30
Less：Income tax expenses 6,060,543.41 18,106,052.99
IV. Net profit） 28,273,822.32 65,764,419.31
V. Net after-tax of Other comprehensive -172,642.47 -32,131,612.56
32
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
income
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b -172,642.47 -32,131,612.56
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
-591,439.80 -32,759,624.50
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
418,797.33 628,011.94
ancial statements
6.Other
VI. Total comprehensive income 28,101,179.85 33,632,806.75
VII. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
824,006,721.12 886,932,725.50
rending of services
Net increase of customer deposits and
33
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
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 62,673,571.10 56,508,663.71
Other cash received from business
60,039,821.23 46,617,056.53
operation
Sub-total of cash inflow 946,720,113.45 990,058,445.74
Cash paid for purchasing of
792,062,055.43 807,159,598.33
merchandise and services
Net increase of client trade and 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 staffs 98,087,526.79 98,294,056.61
Taxes paid 27,472,449.31 24,050,803.65
Other cash paid for business activities 77,655,857.41 21,060,971.22
Sub-total of cash outflow from business
995,277,888.94 950,565,429.81
activities
Cash flow generated by business
-48,557,775.49 39,493,015.93
operation, net
II.Cash flow generated by investing
34
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Cash received from investment
25,760,086.27 46,395,738.95
retrieving
Cash received as investment gains 2,187,491.10 3,371,417.02
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 160.00 5,056.09
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 460,677,646.90
Sub-total of cash inflow due to
488,625,384.27 49,772,212.06
investment activities
Cash paid for construction of
fixed assets, intangible assets 96,613,162.71 13,665,323.15
and other long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
368,000,000.00 460,096,952.42
activities
Sub-total of cash outflow due to
464,613,162.71 473,762,275.57
investment activities
Net cash flow generated by investment 24,012,221.56 -423,990,063.51
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
minor shareholders
Cash received as loans 224,798,737.66 69,457,976.24
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
224,798,737.66 69,457,976.24
activities
Cash to repay debts 301,706,189.01 91,030,873.93
Cash paid as dividend, profit, or
531,694.35
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
35
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Other cash paid for financing activities 88,581.31
Sub-total of cash outflow due to
301,794,770.32 91,562,568.28
financing activities
Net cash flow generated by financing -76,996,032.66 -22,104,592.04
IV. Influence of exchange rate
932,934.94 3,492,348.65
alternation on cash and cash equivalents
V.Net increase of cash and cash
-100,608,651.65 -403,109,290.97
equivalents
Add: balance of cash and cash
748,658,875.60 1,098,232,359.02
equivalents at the beginning of term
VI ..Balance of cash and cash
648,050,223.95 695,123,068.05
equivalents at the end of term
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
48,347,776.50 47,673,939.56
rending of services
Tax returned
Other cash received from business
108,432,069.49 14,897,875.28
operation
Sub-total of cash inflow 156,779,845.99 62,571,814.84
Cash paid for purchasing of
4,167,353.86 2,821,980.78
merchandise and services
Cash paid to staffs or paid for staffs 12,477,129.52 10,857,018.13
Taxes paid 18,088,042.80 16,425,515.14
Other cash paid for business activities 17,243,692.79 6,679,401.52
Sub-total of cash outflow from business
51,976,218.97 36,783,915.57
activities
Cash flow generated by business
104,803,627.02 25,787,899.27
operation, net
II.Cash flow generated by investing
Cash received from investment
25,760,086.27 46,395,738.95
retrieving
Cash received as investment gains 9,985,869.61 3,371,417.02
36
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 4,756.09
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 260,000,006.38
Sub-total of cash inflow due to
295,745,962.26 49,771,912.06
investment activities
Cash paid for construction of
fixed assets, intangible assets 3,765,057.80 7,382,622.19
and other long-term assets
Cash paid as investment 208,000,000.00
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
60,000,000.00 260,000,000.00
activities
Sub-total of cash outflow due to
271,765,057.80 267,382,622.19
investment activities
Net cash flow generated by investment 23,980,904.46 -217,610,710.13
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
Cash paid as dividend, profit, or
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
financing activities
Net cash flow generated by financing
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
128,784,531.48 -191,822,810.86
equivalents
37
Shenzhen Textile(Holdings) Co., Ltd The Third Quarterly Report 2016
Add: balance of cash and cash
271,582,749.03 457,379,886.16
equivalents at the beginning of term
VI ..Balance of cash and cash
400,367,280.51 265,557,075.30
equivalents at the end of term
II. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 27,2016
38
