Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Stock code: 000045,200045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No. 2017-24
Shenzhen Textile (Holdings) Co., Ltd.
The First Quarterly Report 2017
1
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
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.Zhu Jun, Person in charge of the Company, Mr. Zhu Jun, Chief financial officer and the Mr. Mu Linying Jun,
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 .
This Report has been prepared in both Chinese and English , In case any discrepancy , the Chinese version shall
prevail.
2
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
II. Basic Information of the Company
I. Main financial 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
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（RMB） 272,392,669.11 262,310,373.65 3.84%
Net profit attributable to the shareholders
4,302,137.37 -10,246,461.60 141.99%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -2,285,765.61 -11,444,624.15 80.03%
listed company（RMB）
Cash flow generated by business operation,
-185,774,958.96 -23,635,239.84 686.01%
net（RMB）
Basic earning per share(RMB/Share) 0.0085 -0.020 142.50%
Diluted gains per
0.0085 -0.020 142.50%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
0.13% -0.47% 0.60%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 4,137,910,846.36 4,119,586,266.47 0.44%
Net assets attributable to the shareholders
2,343,643,908.47 2,339,554,176.31 0.17%
of the listed company（RMB）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
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
-3,182.59
for which assets impairment provision is made)
3
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Special assistance fund of
300,000 yuan and finance
discount of 60,486.12 yuan are
raised for the II-phase
reorganization and expansion.
324,999.99 yuan as fiscal
assistance is raised for Pingshan
project. The narrow range
allowance for the first-phase
project is 125,000.01 yuan.
Amortization of polarizing
material engineering lab is
125,000.01 yuan. The grant for
Govemment subsidy recognized in current gain and imported equipment and
loss(excluding those closely related to the Company’s business 3,974,855.70 technology is 43,772.55 yuan.
and granted under the state’s policies) Supporting funds toward strategic
emerging industry from NDRC is
12,500.01 yuan. Fiscal allowance
for innovative entrepreneurship
of first-phase project is 12,500.01
yuan. Fiscal allowance for
encouraging to bring in advanced
technology from Shenzhen
municipal government is
3,597.00 yuan. The grant from
municipal R&D center is
75,000.00 yuan；Enterprise R &
D subsidy of RMB
2,892,000.00yuan.
Profit /loss on entrusting others with investments or asset Earnings from wealth
7,008,333.33
management management products
Other non-operating income and expenditure except for the
502.00
aforementioned items
Less: Amount of influence of income tax -670.15
Amount of influence of minority interests（After tax） 4,393,275.61
Total 6,587,902.98 --
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
4
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
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.
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
43,531 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 0
Holdings Co., person
Ltd.
Shenzhen
Shenchao
State-owned
Technology 3.18% 16,129,032 0
Legal person
Investment Co.,
Ltd.
Qianhai Life
insurance Co.,
Other 1.24% 6,267,916 0
Ltd.－Self funds
Huatai Portfolio
Anhui Guofu
Industrial Domestic non
Investment Funds State-owned 0.67% 3,408,341 0
Mangement Co., Legal person
Ltd.
Domestic Nature
Sun Huiming 0.48% 2,443,526 0
person
MORGAN Overseas legal
0.33% 1,653,914 0
STANLEY & person
5
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
CO.
INTERNATION
AL PLC
Domestic Natural
Wang Mincang 0.27% 1,387,436 0
person
Domestic Natural
Zhu Ye 0.25% 1,245,145 0
person
Domestic Natural
He Zhijian 0.20% 1,014,425 0
person
Central Huijin
Asset State-owned
0.19% 958,300 0
Management Co., Legal person
Ltd.
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
Shenzhen Shenchao Technology RMB Common
16,129,032 16,129,032
Investment Co., Ltd. shares
Qianhai Life insurance Co., Ltd.－ RMB Common
6,267,916 6,267,916
Self funds Huatai Portfolio shares
Anhui Guofu Industrial Investment RMB Common
3,408,341 3,408,341
Funds Mangement Co., Ltd. shares
Foreign shares
placed in
Sun Huiming 2,443,526 2,443,526
domestic
exchange
Foreign shares
MORGAN STANLEY & CO. placed in
1,653,914 1,653,914
INTERNATIONAL PLC domestic
exchange
RMB Common
Wang Mincang 1,387,436 1,387,436
shares
RMB Common
Zhu Ye 1,245,145 1,245,145
shares
RMB Common
He Zhijian 1,014,425 1,014,425
shares
Central Huijin Asset Management 958,300 RMB Common 958,300
6
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Co., Ltd. shares
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 associated Company did not whether there is relationship between the top ten shareholders holding
relationship or concerted action of non-restricted negotiable shares and between the top ten shareholders holding non-restricted
the above shareholders 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.
Note to the top 10 common
stockholders involved in margin The Company Shareholder Zhu Ye holds 1,245,145 shares of the Company through stock
financing & securities lending (If account with credit transaction and guarantee of Guolian Securities Co.,Ltd.
any)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
□ Applicable √Not applicable
7
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
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 ending balance of Prepayments increased by RMB 222.7477 million and 3,288.60% over beginning of
period，Mainly due to the increase in the volume of trade in the current period;
2.The ending balance of Other current account decreased by RMB 485.0432 million and 33.97% over beginning
of period，Mainly due to the recovery of financial funds due;
3. The ending balance of Construction in progress increased by RMB 108.0318 million and 90.17% over
beginning of period，Mainly due to the construction of the polarizer Phase II line 6 project;
4.The ending balance of Other non-current assets increased by RMB400 million over beginning of period，Mainly
due to the addition of more than one year financial funds;
5. The ending balance of short-term loans increased by RMB5.6508 million and 45.81% over beginning of
period，、Mainly due to the increase in short-term bank loans;
6. The ending balance of Advance payment increased by RMB 32.8106 million and 108.30% over beginning of
period, Mainly due to the increase in the volume of trade in the current period;
7.The ending balance of Employee benefits payable decreased by RMB8.2258 million and 30.04% over beginning
of period，Mainly due to pay the staff due to the previous year;
8. Financial expenses in current period decreased by RMB 5.8706 million and 275.57% Year on Year, Mainly due
to the yen exchange rate appreciation narrowed year on year.
9. Impairment loss of assets in current period increased by RMB1.7794 million and 46.88% year on year，Mainly
due to the increase in the provision for depreciation of the polarizer inventory;
10. Investment Income in current period increased by RMB7.8167 million and 1,838.66% year on year, Mainly
due to the increase in entrusted financial income;
11. Non-operational income in current period increased by RMB2.76 million and 227.09% year on year，Mainly
due to the increase in government subsidies;
12. The net cash flows from operating activities in current period decreased by RMB185.775 million and 686.01%
year on year，Mainly due to the increase in advances in trade activities;
13. The net cash flows from investing activities in current period increased by RMB51.9535 million and 78.48%
year on year，Mainly due to the current period to recover the due trust;
14. The net cash flows from Financing activities in current period increased by RMB26.9838 million and 122.59%
year on year，Mainly due to the decrease in repayment of borrowings in the current period.
II. The progress of significant events and influence, as well as the analysis and explanation on
resolving proposal.
√Applicable □Not applicable
(1) Subsidiary Shengbo Optoelectronic capital increase to introduce strategic investors
January 2017, a subsidiary of Shenzhen Shengbo Optoelectronics Technology Co., Ltd. to increase investment
in the introduction of strategic investors, has completed the capital increase after the change of business
8
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
registration procedures.
(2) TFT-LCD polarizer II line 6 project progress
Phase II Line 6 project in accordance with the construction schedule, has completed the second allocation of
procurement projects with the tender, the main equipment is installed and secondary with the project. The total
investment of the second phase of the project was RMB 391.3458 million, accounting for 55.88% of the total
investment of RMB 700.34 million after the change.
Description of the website for disclosing
Overview of material matters Date of disclosing
provisional announcements
Shengbo Optoelectronic has completed the
http://www.cninfo.com.cn.
capital increase after the business January 17,2017
(Announcement No.2017-06)
registration
III. Commitments finished in implementation by the Company, shareholders, actual
controller, acquirer, directors, supervisors, senior executives or other related parties in the
reporting period and commitments unfinished in implementation at the end of the reporting
period
□Applicable √Not applicable
The company has no commitments completed in period and those without completed till lend of the period from actual controller,
shareholders, related parties, purchaser and companies.
IV．Prediction of Business performance for January- June 2017
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. Investments in derivatives
□ Applicable √ Not applicable
There is no derivative investment during the report period.
VII. The registration form of acceptance of investigation, communication and interview in the
report period for future reference
□ Applicable √ Not applicable
9
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
The Period has no research, communication and written inquiry from the investors in the report period.
VIII. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed
company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
April 29,2017
10
