Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Shenzhen Textile (Holdings) Co., Ltd.
The First Quarterly Report 2017
April 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.
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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)
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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 2,892,000.00.
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
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
4
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
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
STANLEY & 0.33% 1,653,914 0
person
CO.
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
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 RMB Common
958,300 958,300
Co., Ltd. shares
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
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
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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 RMB5.6508million 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
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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.
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
VII. The registration form of acceptance of investigation, communication and interview in the
report period for future reference
□ Applicable √ Not applicable
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
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by：Shenzhen Textile (Holdings) Co., Ltd.
March 31,2017
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 738,624,384.64 933,856,912.73
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Bill receivable 37,337,584.61 41,908,315.45
Account receivable 181,957,788.09 220,222,019.41
Prepayments 229,521,056.30 6,773,323.14
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 8,180,059.37 6,652,883.11
Dividend receivable
Other account receivable 64,957,026.72 67,272,556.72
Repurchasing of financial assets
Inventories 314,653,546.75 283,371,714.07
Assets held for sales
Non-current asset due in 1 year
Other current asset 943,000,000.00 1,428,043,157.76
Total of current assets 2,518,231,446.48 2,988,100,882.39
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Non-current assets：
Loans and payment on other’s behalf
disbursed
Disposable financial asset 41,486,919.32 41,565,777.96
Expired investment in possess
Long-term receivable
Long term share equity investment 25,229,534.97 24,849,311.00
Property investment 177,350,769.65 179,324,547.77
Fixed assets 705,570,245.82 723,685,287.56
Construction in progress 227,836,059.45 119,804,231.43
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 39,745,451.59 39,698,654.32
R & D petrol
Goodwill
Long-germ expenses to be amortized 899,144.15 973,081.68
Deferred income tax asset 1,561,274.93 1,584,492.36
Other non-current asset 400,000,000.00
Total of non-current assets 1,619,679,399.88 1,131,485,384.08
Total of assets 4,137,910,846.36 4,119,586,266.47
Current liabilities
Short-term loans 17,986,506.66 12,335,695.77
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 166,127,454.63 175,461,715.72
Advance payment 63,108,081.14 30,297,446.49
Selling of repurchased financial assets
12
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Fees and commissions receivable
Employees’ wage payable 19,153,898.66 27,379,719.86
Tax payable 14,632,736.93 13,995,726.19
Interest payable 43,567,031.45 42,842,605.52
Dividend payable
Other account payable 143,377,945.75 147,108,590.19
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 40,000,000.00
Other current liability
Total of current liability 507,953,655.22 489,421,499.74
Non-current liabilities：
Long-term loan 80,000,000.00 80,000,000.00
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable employees’s
remuneration
Special payable
Expected liabilities
Deferred income 108,962,928.92 110,045,784.62
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 188,962,928.92 190,045,784.62
Total of liability 696,916,584.14 679,467,284.36
Owners’ equity
Share capital 506,521,849.00 506,521,849.00
Other equity instrument
Including：preferred stock
Sustainable debt
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Capital reserves 1,837,205,251.95 1,837,205,251.95
Less：Shares in stock
Other comprehensive income 3,179,816.86 3,392,222.07
Special reserves
Surplus reserves 73,710,682.05 73,710,682.05
Common risk provision
Undistributed profit -76,973,691.39 -81,275,828.76
Total of owner’s equity belong to the
2,343,643,908.47 2,339,554,176.31
parent company
Minority shareholders’ equity 1,097,350,353.75 1,100,564,805.80
Total of owners’ equity 3,440,994,262.22 3,440,118,982.11
Total of liabilities and owners’ equity 4,137,910,846.36 4,119,586,266.47
Legal Representative: Zhu Jun Person in charge of accounting：Zhu Jun Accounting Dept Leader: Mu Linying
2.Parent Company Balance Sheet
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 380,775,729.32 440,685,610.11
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable 1,800,000.00 1,000,000.00
Account receivable 597,961.36 492,974.01
Prepayments 4,500.00 120,000.00
Interest receivable 5,815,397.63 3,218,526.94
Dividend receivable
Other account receivable 10,678,138.49 12,524,256.75
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 100,000,000.00 30,000,000.00
Total of current assets 499,671,726.80 488,041,367.81
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Non-current assets：
Disposable financial asset 39,986,919.32 40,065,777.96
Expired investment in possess
Long-term receivable
Long term share equity investment 1,989,453,301.58 1,989,073,077.61
Property investment 170,423,443.76 172,279,313.75
Fixed assets 26,997,031.19 27,403,189.39
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,616,503.86 1,345,846.59
R & D petrol
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 1,899,928.67 1,919,804.30
Other non-current asset
Total of non-current assets 2,230,377,128.38 2,232,087,009.60
Total of assets 2,730,048,855.18 2,720,128,377.41
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 4,843,698.39 6,533,138.24
Tax payable 5,405,248.08 4,398,387.25
Interest payable
Dividend payable
Other account payable 122,631,522.15 120,954,892.58
Classified as held for sale debt
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Non-current liability due in 1 year
Other current liability
Total of current liability 133,931,236.77 132,937,186.22
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable to employees
Special payable
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total of Non-current liabilities
Total of liability 133,931,236.77 132,937,186.22
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 1,576,547,075.96
Less：Shares in stock
Other comprehensive income 3,179,816.86 3,392,222.07
Special reserves
Surplus reserves 73,710,682.05 73,710,682.05
Undistributed profit 436,158,194.54 427,019,362.11
Total of owners’ equity 2,596,117,618.41 2,587,191,191.19
Total of liabilities and owners’ equity 2,730,048,855.18 2,720,128,377.41
3.Consolidated Income statement
In RMB
16
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Items Amount in this period Amount in last period
I. Income from the key business 272,392,669.11 262,310,373.65
Incl：Business income 272,392,669.11 262,310,373.65
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 280,214,579.88 270,805,851.81
Incl：Business cost 253,475,015.89 238,744,912.33
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount provided as insurance
contract reserves
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 2,585,948.73 1,857,241.99
Sales expense 2,133,505.40 2,131,423.67
Administrative expense 20,188,494.12 22,149,397.07
Financial expenses -3,743,353.85 2,127,257.76
Asset impairment loss 5,574,969.60 3,795,618.99
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 8,241,818.53 425,128.98
Incl: investment gains from affiliates 533,097.00 425,128.98
Gains from currency exchange（“-”for
loss）
III. Operational profit（“-”for loss） 419,907.76 -8,070,349.18
Add ：Non-operational income 3,975,357.70 1,215,355.70
Including：Income from disposal of
non-current assets
Less：Non business expenses 3,182.59 20,563.54
Incl：Loss from disposal of non-current
3,182.59 20,504.69
assets
IV.Total profit(“-”for loss) 4,392,082.87 -6,875,557.02
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Less：Income tax expenses 3,304,397.55 3,370,904.58
V. Net profit 1,087,685.32 -10,246,461.60
Net profit attributable to the owners of
4,302,137.37 -10,246,461.60
parent company
Minority shareholders’ equity -3,214,452.05
VI. Other comprehensive income -212,405.21 -2,064,954.32
Net of profit of other comprehensive inco
me attributable to owners of the parent co -212,405.21 -2,064,954.32
mpany.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
（II）
Other comprehensive income that will be -212,405.21 -2,064,954.32
reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2.Gains and losses from changes in fair v
-59,143.98 -1,951,751.34
alue available for sale financial assets
3.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
4.The effective portion of cash flow hedg
es and losses
5.Translation differences in currency fina
-153,261.23 -113,202.98
ncial statements
6.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
VII. Total comprehensive income 875,280.11 -12,311,415.92
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Total comprehensive income attributable
4,089,732.16 -12,311,415.92
to the owner of the parent company
Total comprehensive income
-3,214,452.05
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.0085 -0.020
(II)Diluted earnings per share 0.0085 -0.020
Legal Representative: Zhu Jun Person in charge of accounting：Zhu Jun Accounting Dept Leader: Mu Linying
4. Income statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 16,073,030.51 15,990,369.16
Less：Business cost 2,894,005.19 2,631,807.52
Business tax and surcharge 689,044.98 1,339,845.67
Sales expense
Administrative expense 4,867,158.87 4,850,781.01
Financial expenses -2,994,195.81 -4,844,617.14
Asset impairment loss -158,361.17 3,608.32
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 1,233,485.20 425,128.98
Incl: investment gains from affiliates 533,097.00 425,128.98
II. Operational profit（“-”for loss） 12,008,863.65 12,434,072.76
Add ：Non-operational income
Including：Income from disposal
of non-current assets
Less：Non business expenses 1,582.15 13,422.71
Incl：Loss from disposal of non-current
1,582.15 13,422.71
assets
III.Total profit(“-”for loss) 12,007,281.50 12,420,650.05
Less：Income tax expenses 2,868,449.07 2,998,880.27
IV. Net profit（“-”for net loss） 9,138,832.43 9,421,769.78
V.Net of profit of other comprehensive i
-212,405.21 -2,064,954.32
ncome
19
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
（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 -212,405.21 -2,064,954.32
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
-59,143.98 -1,951,751.34
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
-153,261.23 -113,202.98
ancial statements
6.Other
VI. Total comprehensive income 8,926,427.22 7,356,815.46
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Cash flow statement
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
332,997,897.84 282,077,183.98
rending of services
Net increase of customer deposits
20
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
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 the financial assets that
are measured at fair value and whose
movement is counted to the current
gain and loss
Cash received as interest, processing
fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing business
Tax returned 16,312,968.63 23,406,358.83
Other cash received from business
27,659,546.06 6,956,677.38
operation
Sub-total of cash inflow 376,970,412.53 312,440,220.19
Cash paid for purchasing of
468,216,518.39 267,500,872.97
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 37,100,889.42 36,779,440.93
Taxes paid 23,364,848.38 8,357,518.72
Other cash paid for business activities 34,063,115.30 23,437,627.41
Sub-total of cash outflow from
562,745,371.49 336,075,460.03
business activities
21
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Cash flow generated by business
-185,774,958.96 -23,635,239.84
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 8,456,069.65
Net cash retrieved from disposal of
fixed assets, intangible assets, and 230.00 110.00
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 1,450,000,000.00
Sub-total of cash inflow due to
1,458,456,299.65 110.00
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 107,695,577.41 66,196,756.21
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
1,365,003,820.51
activities
Sub-total of cash outflow due to
1,472,699,397.92 66,196,756.21
investment activities
Net cash flow generated by investment -14,243,098.27 -66,196,646.21
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
minor shareholders
Cash received as loans 17,429,437.87 178,515,198.46
Cash received from bond placing
Other financing –related ash received 6.38
Sub-total of cash inflow from financing
17,429,437.87 178,515,204.84
activities
Cash to repay debts 12,456,518.01 200,526,057.88
Cash paid as dividend, profit, or
22
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities
Sub-total of cash outflow due to
12,456,518.01 200,526,057.88
financing activities
Net cash flow generated by financing 4,972,919.86 -22,010,853.04
IV. Influence of exchange rate
alternation on cash and cash -187,390.72 516,485.66
equivalents
V.Net increase of cash and cash
-195,232,528.09 -111,326,253.43
equivalents
Add: balance of cash and cash
930,114,436.57 748,658,875.60
equivalents at the beginning of term
VI ..Balance of cash and cash
734,881,908.48 637,332,622.17
equivalents at the end of term
6. Cash Flow Statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
16,476,892.65 15,537,748.34
rending of services
Tax returned
Other cash received from business
2,938,581.55 3,691,691.07
operation
Sub-total of cash inflow 19,415,474.20 19,229,439.41
Cash paid for purchasing of
793,419.49 852,163.87
merchandise and services
Cash paid to staffs or paid for staffs 4,778,841.65 5,890,930.96
Taxes paid 3,411,930.91 5,807,699.10
Other cash paid for business activities 1,548,739.26 723,461.72
Sub-total of cash outflow from
10,532,931.31 13,274,255.65
business activities
Cash flow generated by business
8,882,542.89 5,955,183.76
operation, net
II.Cash flow generated by investing
23
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
Cash received from investment
retrieving
Cash received as investment gains 1,447,736.32 7,798,378.51
Net cash retrieved from disposal of
fixed assets, intangible assets, 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
1,447,736.32 7,798,378.51
investment activities
Cash paid for construction of fixed
assets, intangible assets 240,160.00 2,816,314.89
and other long-term assets
Cash paid as investment
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
70,000,000.00
activities
Sub-total of cash outflow due to
70,240,160.00 2,816,314.89
investment activities
Net cash flow generated by investment -68,792,423.68 4,982,063.62
III.Cash flow generated by financing
Cash received as investment
Cash received as loans
Cash received from bond placing 6.38
Other financing –related ash received
Sub-total of cash inflow from
6.38
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 6.38
IV. Influence of exchange rate
24
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
alternation on cash and cash
equivalents
V.Net increase of cash and cash
-59,909,880.79 10,937,253.76
equivalents
Add: balance of cash and cash
440,685,610.11 271,582,749.03
equivalents at the beginning of term
VI ..Balance of cash and cash
380,775,729.32 282,520,002.79
equivalents at the end of term
II. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
The First Quarterly report is not audited.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
April 29,2017
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