Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2017
October 2017
1
Shenzhen Textile(Holdings) Co., Ltd. The Third 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 Meizhu, Chief financial officer and the Mrs. 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 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 Third Quarterly Report 2017
II. Main financial data and changes of shareholders
（1）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
As at the end of the As at the end of last
Changed （%）over end of prev. year
reporting period year
Gross assets（RMB） 4,090,812,137.82 4,119,586,266.47 -0.70%
Net assets attributable to the
shareholders of the listed 2,372,792,289.14 2,339,554,176.31 1.42%
company（RMB）
Between beginning
Increase/decrease
of the year to the Changed （%）over
Reporting period over the same period
end of the report end of prev. year
of last year（%）
period
Operating income（RMB） 331,001,389.67 8.27% 1,070,339,146.54 24.77%
Net profit attributable to the
shareholders of the listed 19,241,712.46 186.17% 33,699,554.09 164.28%
company（RMB）
Net profit after deducting of
non-recurring gain/loss
10,458,557.56 136.41% 6,172,371.21 110.10%
attributable to the shareholders
of listed company（RMB）
Cash flow generated by business
-- -- -212,907,824.15 -338.46%
operation, net（RMB）
Basic earning per
0.04 200.00% 0.07 170.00%
share(RMB/Share)
Diluted gains per
0.04 200.00% 0.07 170.00%
share(RMB/Share)(RMB/Share)
Weighted average income/asset
0.81% 1.85% 1.43% 3.87%
ratio（%）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Items Amount (Year-beginning to Notes
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
the end of the report
period.)
Non-current asset disposal gain/loss(including the write-off part
-1,891.59
for which assets impairment provision is made)
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business 7,044,206.96
and granted under the state’s policies)
Gain/loss on entrusting others with investment or asset
34,608,333.31
management
Gain/loss on Contingent events irrelevant to the Company’s
418,132.96
normal business
Other non-business income and expenditures other than the
5,321,327.72
above
Less :Influenced amount of income tax 1,795,610.24
Influenced amount of minor shareholders’ equity (after tax) 18,067,316.24
Total 27,527,182.88 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the
Public-Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item.
□ 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.
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 with the voting
Total number of common
40,954 power recovered at the end 0
shareholders at the period-end
of the reporting period(if
any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
tradable shares
Shareholder Properties of Share
Quantity with Status of the
name shareholder proportion % Quantity
Conditional shares
held
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Shenzhen
Investment State-owned
46.21% 234,069,436 0
Holdings Co., legal person
Ltd.
Shenzhen
Shenchao
State-owned
Technology 3.18% 16,129,032 0
Legal person
Investment Co.,
Ltd.
Domestic
Sun Huiming 0.47% 2,396,826 0
Nature person
Domestic
Liu Dongxia 0.30% 1,523,900 0
Nature person
Domestic
Su Yunze 0.28% 1,401,500 0
Nature person
Domestic
Zhu Ye 0.26% 1,331,945 0
Nature person
Domestic
Wang Mincang 0.25% 1,280,236 0
Nature person
Domestic
Hong Fan 0.19% 972,400 0
Nature person
Domestic
Su Zhifen 0.19% 965,200 0
Nature person
Central Huijin
Asset State-owned
0.19% 958,300 0
Management Legal person
Co., Ltd.
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Shenzhen Investment Holdings RMB Common
234,069,436 234,069,436
Co., Ltd. shares
Shenzhen Shenchao Technology RMB Common
16,129,032 16,129,032
Investment Co., Ltd. shares
Foreign shares
placed in
Sun Huiming 2,396,826 2,396,826
domestic
exchange
Liu Dongxia 1,523,900 RMB Common 1,523,900
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
shares
RMB Common
Su Yunze 1,401,500 1,401,500
shares
RMB Common
Zhu Ye 1,331,945 1,331,945
shares
RMB Common
Wang Mincang 1,280,236 1,280,236
shares
RMB Common
Hong Fan 972,400 972,400
shares
RMB Common
Su Zhifen 965,200 965,200
shares
Central Huijin Asset Management RMB Common
958,300 958,300
Co., Ltd. shares
Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of
Shenzhen Investment Holdings Co., Ltd. and a person taking concerted action. Except this,
Explanation on shareholders the 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
business non-restricted 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.
The Company Shareholder Liu Dongxia holds 1,523,900 shares of the Company through
Participation of top 10
stock account with credit transaction , The Company Shareholder Zhu Ye holds 1,331,945
unconditional common share
shares of the Company through stock account with credit transaction. The Company
shareholders in securities margin
Shareholder Wang Mincang holds 780,036 shares of the Company through stock account
trading (if any)
with credit transaction.
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 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 closing balance of Notes receivable is RMB 27.8416 million, decreased by 33.57% compared with the
beginning of the year, Mainly due to the maturity of the notes during the reporting period;
2.The closing balance of advance payment is RMB45.2897 million, increassed by 568.65% compared with the
beginning of the year, Mainly due to the increase in the advance payment in import and export trade and the
increase in the pre-paid equipment payment for the II phase project of TFT-LCD polarizer;
3.The closing balance of interest receivable is RMB13.9065 million ,increased by 109.03% compared with the
beginning of the year，Mainly due to the provision for the interest on deposit in the reporting period;
4.The closing balance of Other account receivables is RMB 148.7362 million , increassed by 121.09% compared
with the beginning of the year, Mainly due to the increase in the money used for the technology and management
services in the construction period and the whole process of putting-into production to the mass production of the
light guide plate project and the reflective film project of Kunshan Jinlin and Zhejiang Jin Hao;
5. The closing balance of Construction in progress is RMB 283.8712 million ，increassed by 136.95% compared
with the beginning of the year, Mainly due to the increase in the investment for the construction of TFT-LCD
polarizer Phase II project;
6. The closing balance of Short-term bank loan facilities is RMB 46.6047 million，increassed by 277.8% compared
with the beginning of the year, Mainly due to the increase in the documentary bills payment for the import of raw
materials;
7. The closing balance of account payable is RMB 120.0998 million,decreased by 31.55% compared with the
beginning of the year, Mainly due to the payment of accounts payable during the reporting period;
8. The closing balance of Advances from customers is RMB51.5402 million, increased by 70.11% compared with
the beginning of the year, Mainly due to the increase in advances on sales in the import and export trade;
9. The closing balance of Employee benefits payable is RMB19.141 million , decreased by 30.09% compared
with the beginning of the year, Mainly due to the payment of staff salaries during the reporting period;
10. Financial expenses in current period increased by RMB-22.0509 million and 325.82% year on year，mainly
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
due to the increase in interest income and the decrease in exchange losses during the reporting period;
11. Impairment loss of assets in current period increased by RMB38.8051 million and 147.24% year on year，
Mainly due to the provision for bad debts and the increase in inventory falling price reserves;
12. Investment Income in current period increased by RMB36.6708 million and 792.44% year on year, Mainly
due to the increase in proceeds in the trust wealth management during the reporting period;
13. Income tax expenses in current period increased by RMB10.6192 million and 38.22% year on year，Mainly
due to the increase in taxable income during the reporting period;
14. The net cash flows from operating activities in current period decreased by RMB-212.9078 million and
338.46% year on year，Mainly due to the increase in the money used for the technology and management services
in the construction period and the whole process of putting-into production to the mass production of the light
guide plate project and the reflective film project of Kunshan Jinlin and Zhejiang Jin Hao;
15. The net cash flows from financing activities in current period increased by RMB1.8038 million and 102.34%
year on year，Mainly due to more cash paid for the repayment of debt in the same period last year.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
(1) Progress information about the second phase of No.6 line TFT-LCD polarizer project
As of September 30, 2017, the construction of the Phase II project of No.6 line has been carried out according
to the schedule, and the purification project and the procurement, installation and acceptance of the main
equipment and auxiliary equipment were completed, the whole production line commissioning was complete, the
sample had passed the product reliability test, and currently it's undergoing the speeding-up test and the trial
production of new product.
As of September 30, 2017, the accumulated investment for second phase of No.6 line project was RMB
503.8026 million, accounting for 71.94% of the adjusted total investment of RMB 700.34 million. Thereinto, the
use of raised funds was RMB 166.8024 million and the self-own funds and government funds used were RMB
337.0002 million.
(2) Progress in the construction of Guanhua Building
At the 11th meeting of the fifth session of the Board of Directors of the Company, the "Proposal about
cooperative development and construction of Guanhua Building" was examined and approved, agreed that the
company contributed RMB 42.21 million in cooperation with Hong Kong Qiao Hui Industrial Co., Ltd and
Shenzhen Guanhua Printing & Dyeing Co., Ltd to develop and construct Guanhua Building project. The project
construction started on October 15, 2011, and currently, the construction project completion of acceptance for the
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
record was obtained on June 26, 2017, Currently, the project has been completed, and it's undergoing the project
settlement, and the settlement draft for examination has been completed and sent to the Project Cost Reviewing
Station of Nanshan District for reviewing.
On August 24, 2017, the Proposal about Increasing Investment in Guan Hua Building Project was examined
an approved in the third meeting of the 7th board of directors, agreed to increase the total investment in Guanhua
Building project from RMB 84.15 million to RMB 122.94 million, of which the proportion of equity the company
has is 50.16%, therefore it's estimated that RMB 19.46 million shall be contributed, yet the actual investment shall
be based on the final settlement amount of the project.For details Juchao Website: （ http://www.cninfo.com.cn.
(Announcement No.2017--47).
(3)Matters relating to the signing of the cooperation agreement by a subsidiary
As of September 30, 2017, the light guide plate production line project (Phase I) cooperated between the
company's holding subsidiary-Shenzhen Shengbo Optoelectronic Technology Co., Ltd and Kunshan Jinlin
Optoelectronic Materials Co., Ltd, and the LCD reflective film production line project (Phase I) cooperated
between Shenzhen Shengbo Optoelectronic Technology Co., Ltd and Zhejiang Jin Hao Optoelectronic Materials
Co., Ltd have been in smooth progress. Shengbo Optoelectronic performed the technical guidance and project
management services stipulated in the agreement and respectively received the RMB 3 million fees and the RMB
2.6 million fees for service of production line construction.
Shengbo Optoelectronic will continue to provide technical guidance for the construction of the second-time
matching project of the light guide plate production line; speed up the installation and commissioning of the three
production lines of liquid crystal reflective film production line project; meanwhile will assist the two projects to
complete the acceptance work, supervising the equipment debugging and raw material preparation and the
completion of first batch products.
Description of the website for disclosing
Overview of material matters Date of disclosing
provisional announcements
Matters relating to the signing of
(www.cninfo.com.cn)，Announcement
the cooperation agreement by a June 10,2017
No.：2017-29
subsidiary
Increasing investment in Guan (www.cninfo.com.cn)，Announcement
August 26,2017
Hua Building Project No.：2017-47
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
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Time of
Commit Period of
making Fulfillme
Commitment ment Type Contents commitm
commitm nt
maker ent
ent
As Shenzhen Investment Holdings Co., Ltd., the
controlling shareholder of the company,
committed when the restricted-for-sale shares
from the shares restructuring were listed for
circulation in the market: i. if they plan to sell
the shares through the securities exchange
Shenzhen
Share system in the future, and the decrease of the
Investme Sustained Under
Commitment reduction shares they hold reaches 5% within 6 months August 4,
nt and Fulfillme
on share reform commitm after the first decrease, they will disclose an 2006
Holdings effective nt
ent announcement indicating the sale through the
Co., Ltd.
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” and the
provisions of the relevant business principles of
Shenzhen Stock Exchange.
Commitment in
the acquisition
report or the
report on equity
changes
The company, according to the relevant
provisions of Measures for the Administration
of Major Asset Restructuring of Listed
Companies, No.10 Guidelines for Business
No major Handling of Listed Companies- Major Asset
Commitment Shenzhen asset Restructuring and No.9 Business Memorandum
made upon the Textile(H restructur of Main Board Information December February
Fulfilled
assets oldings) ing Disclosure-Suspending Stock-trading for Listed 19,2016 18,2017
replacement Co., Ltd. commitm Companies, committed that the company shall
ents not plan a major asset restructuring matter in 2
months commenced from the date of
termination of the major asset restructuring
namely the date of announcement on resuming
the company's stock trading.
Shenzhen Commit Shenzhen Investment Holdings Co., Ltd. signed
Commitments Sustained Under
Investme ments on a “Letter of Commitment and Statement on October 9,
made upon and Fulfillme
nt horizonta Horizontal Competition Avoidance” when the 2009
issuance effective nt
Holdings l company issued non-public stocks in 2009.
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Co., Ltd. competiti Pursuant to the Letter of Commitment and
on, Statement, Shenzhen Investment Holdings Co.,
related Ltd. and its wholly owned subsidiary,
transactio subsidiaries under control or any other
n and companies that have actual control of it shall not
capital be involved in the business the same as or
occupatio similar to those Shenzhen Textile currently or
n 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 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 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
Commit Shenzhen Textile, currently hasn't the
ments on production and business activities of
horizonta inter-industry competition with Shenzhen
l Textile or its share-holding subsidiary. 2.
Shenzhen
competiti Shenzhen Investment Holdings and its
Investme Sustained Under
on, share-holding subsidiaries or other enterprises July 14,
nt and Fulfillme
related owned the actual control rights can't be directly 2012
Holdings effective nt
transactio and indirectly on behalf of any person, company
Co., Ltd.
n and or unit to engage in the same or similar business
capital in any districts in the future by the form of
occupatio share-holding, equity participation, joint
n 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
11
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
other shareholders, or to gain the additional
benefits. 3. If there will be the situation of
inter-industry competition with Shenzhen
Textile for 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.
Equity
incentive
commitment
Other
commitments
made to
minority
shareholders
Executed
Yes
timely or not?
If the
commitments
failed to
complete the
execution when
expired, should
specifically Nil
explain the
reasons of
unfulfillment
and the net
stage of the
working plan
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
IV．Prediction of Business performance for 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. Investment 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
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
X.Implementation of the social Responsibility of taking targeted measures to alleviate poverty
in light of local Conditions.
In The report third quarter, the company neither carried out the work of taking targeted measures to alleviate
poverty in light of local conditions nor has such a plan.
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by:Shenzhen Textile (Holdings) Co., Ltd.
September 30,2017
In RMB
Items At the end of term Beginning of term
Current asset：
Cash and bank balances 738,680,258.46 933,856,912.73
Settlement provision
Outgoing call loan
Financial assets at fair value through
profit or loss
Derivative financial assets
Notes receivable 27,841,646.61 41,908,315.45
Account receivable 207,416,991.29 220,222,019.41
Advance payments 45,289,657.02 6,773,323.14
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 13,906,502.89 6,652,883.11
Dividend receivable
Other account receivable 148,736,217.71 67,272,556.72
Securities purchased under agreements
to resell
Inventories 294,949,012.98 283,371,714.07
Held-for-sale assets
Current portion of non-current assets
Other current asset 1,377,587,745.47 1,428,043,157.76
Total of current assets 2,854,408,032.43 2,988,100,882.39
Non-current assets：
Loans and advances
Available-for-sale financial assets 41,861,497.86 41,565,777.96
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Held-to-maturity investments
Long-term receivable
Long term share equity investment 23,410,130.61 24,849,311.00
Property investment 174,164,730.08 179,324,547.77
Fixed assets 671,313,620.02 723,685,287.56
Construction in progress 283,871,249.07 119,804,231.43
Engineering material
Fixed assets pending for disposal 10,418.34
Productive biological assets
Gas & petrol
Intangible assets 39,194,766.13 39,698,654.32
Research and Development Expenditures
Goodwill
Long-term prepaid expenses 1,095,259.58 973,081.68
Deferred income tax 1,482,433.70 1,584,492.36
Other non-current asset
Total of non-current assets 1,236,404,105.39 1,131,485,384.08
Total of assets 4,090,812,137.82 4,119,586,266.47
Current liabilities
Short-term bank loan facilities 46,604,711.14 12,335,695.77
Borrowings from central bank
Deposits and placements from other
financial institutions
Placement from banks and other
financial institution
Financial liabilities at fair value through
profit and loss
Derivative financial liabilities
Notes payable
Account payable 120,099,828.13 175,461,715.72
Advances from customers 51,540,212.07 30,297,446.49
Securities sold under agreement to
repurchase
Fees and commissions payable
Payroll payable 19,140,955.38 27,379,719.86
15
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Taxes and surcharges payable 8,363,004.93 13,995,726.19
Interest payable 45,182,195.67 42,842,605.52
Dividend payable
Other payable 134,454,127.07 147,108,590.19
Reinsurance amounts payable
Provision of insurance contract
Securities brokering
Securities underwriting
Held-for-sale liabilities
Current portion of non-current liabilities 40,000,000.00
Other current liability
Total of current liability 425,385,034.39 489,421,499.74
Non-current liabilities：
Long-term bank loan facilities 80,000,000.00 80,000,000.00
Bond payable
Including：preferred stock
Perpetual capital securities
Long-term payable
Long-term employee benefits payable
Grants payable
Provisions
Deferred income 106,690,074.66 110,045,784.62
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities 186,690,074.66 190,045,784.62
Total of liability 612,075,109.05 679,467,284.36
Equity
Share capital 506,521,849.00 506,521,849.00
Other equity instrument
Including：preferred stock
Perpetual capital securities
Reserves 1,837,205,251.95 1,837,205,251.95
Less: treasury shares
Other comprehensive income 2,930,780.81 3,392,222.07
16
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Specialized reserve
Surplus reserves 73,710,682.05 73,710,682.05
General risk reserve
Retained earnings -47,576,274.67 -81,275,828.76
Equity contributable to parent company 2,372,792,289.14 2,339,554,176.31
Minority interests 1,105,944,739.63 1,100,564,805.80
Total equity 3,478,737,028.77 3,440,118,982.11
Total liabilities and equity 4,090,812,137.82 4,119,586,266.47
Legal Representative: Zhu Jun Person in charge of accounting：Zhu Meizhu Accounting Dept Leader: Mu Linying
2.Parent Company Balance Sheet
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Cash and bank balances 384,403,765.53 440,685,610.11
Financial assets at fair value through
profit or loss
Derivative financial assets
Notes receivable 1,000,000.00
Account receivable 527,608.13 492,974.01
Advance payments 1,966,498.58 120,000.00
Interest receivable 10,534,590.29 3,218,526.94
Dividend receivable
Other receivable 10,560,816.69 12,524,256.75
Inventories
Held-for-sale assets
Current portion of non-current assets
Other current asset 110,000,000.00 30,000,000.00
Total of current assets 517,993,279.22 488,041,367.81
Non-current assets：
Available-for-sale financial assets 40,361,497.86 40,065,777.96
Held-to-maturity investments
Long-term receivable
Long term share equity investment 1,987,633,897.22 1,989,073,077.61
17
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Property investment 167,483,220.45 172,279,313.75
Fixed assets 26,236,800.81 27,403,189.39
Construction in progress
Engineering material
Fixed assets pending for disposal
Productive biological assets
Gas & petrol
Intangible assets 1,513,538.40 1,345,846.59
Research and Development Expenditures
Goodwill
Long-term prepaid expenses
Deferred income tax 947,888.38 1,919,804.30
Other non-current asset
Total of non-current assets 2,224,176,843.12 2,232,087,009.60
Total of assets 2,742,170,122.34 2,720,128,377.41
Current liabilities
Short-term bank loan facilities
Financial liabilities at fair value through
profit and loss
Derivative financial liabilities
Notes payable
Account payable 411,743.57 411,743.57
Advances from customers 639,024.58 639,024.58
Payroll payable 3,743,201.58 6,533,138.24
Tax payable 4,594,746.59 4,398,387.25
Interest payable
Dividend payable
Other payable 100,806,539.86 120,954,892.58
Held-for-sale liabilities
Current portion of non-current liabilities
Other current liability
Total of current liability 110,195,256.18 132,937,186.22
Non-current liabilities：
Long-term bank loan facilities
18
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Bond payable
Including：preferred stock
Perpetual capital securities
Long-term payable
Long-term employee benefits payable
Grants payable
Provisions
Deferred income
Deferred income tax
Other non-current liabilities
Total of Non-current liabilities
Total of liability 110,195,256.18 132,937,186.22
Equity
Share capital 506,521,849.00 506,521,849.00
Other equity instrument
Including：preferred stock
Perpetual capital securities
Reserves 1,576,547,075.96 1,576,547,075.96
Less: treasury shares
Other comprehensive income 2,930,780.81 3,392,222.07
Specialized reserve
Surplus reserves 73,710,682.05 73,710,682.05
Retained earnings 472,264,478.34 427,019,362.11
Total equity 2,631,974,866.16 2,587,191,191.19
Total liabilities and equity 2,742,170,122.34 2,720,128,377.41
3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Revenue 331,001,389.67 305,710,856.98
Including: business revenue 331,001,389.67 305,710,856.98
Interest income
Premiums earned
19
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Fees and commissions income
II. Total operating cost 315,237,699.19 332,838,956.11
Including: Cost of sales 285,392,459.66 293,161,084.08
Interest expense
Fees and commissions expense
Cash surrender amount
Net expenses of claim settlement
Net provisions for insurance
contract reserves
Policy dividend expenses
Reinsurance expenses
Business taxes and surcharges 2,418,395.81 676,740.73
Selling expenses 2,289,553.93 2,395,071.28
Administrative expense 27,005,561.29 28,691,827.56
Financial expenses -10,013,576.23 792,176.38
Impairment loss on assets 8,145,304.73 7,122,056.08
Add: Gain from fair-value
changes(“-“for loss)
Investment income(“-“for loss) 13,715,772.77 1,841,836.25
Including: investment income from
-268,250.53 495,803.23
associates and joint ventures
Gain on foreign exchange(“-“for loss)
Other income 1,900,245.06
III. Operating profit（“-”for loss） 31,379,708.31 -25,286,262.88
Add:Non-operating income -460,271.44 6,410,060.11
Including：Gains from disposal of
non-current assets
Less：Non business expenses 1,500,120.00 9,247.31
Incl：Loss from disposal of
120.00 -7,081.98
non-current assets
IV. Profit before tax(“-“for loss) 29,419,316.87 -18,885,450.08
Less: Income tax expense 2,876,264.57 3,445,611.63
V. Net profit (“-“for net loss) 26,543,052.30 -22,331,061.71
Net profit attributable to the owners
19,241,712.46 -22,331,061.71
of parent company
20
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Minority interests 7,301,339.84
VI. Other comprehensive income
-387,412.35 1,836,791.59
after tax
Net of profit of other comprehensive
income attributable to owners of the -387,412.35 1,836,791.59
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 ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（II）
Other comprehensive income that wil -387,412.35 1,836,791.59
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as -103,501.96 1,648,638.44
sets
3.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
-283,910.39 188,153.15
financial statements
6.Other
Net
after-tax of other comprehensive inco
me attributable to Minority
shareholders’ equity
VII. Total comprehensive income 26,155,639.95 -20,494,270.12
Total comprehensive income 18,854,300.11 -20,494,270.12
21
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
attributable to the owner of the parent
company
Total comprehensive income
7,301,339.84
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.04 -0.04
(II)Diluted earnings per share 0.04 -0.04
Legal Representative: Zhu Jun Person in charge of accounting：Zhu Meizhu 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.Revenue 16,416,906.14 16,253,921.81
Less：Business cost 4,787,245.13 3,770,559.95
Business tax and surcharge 927,123.27 574,926.95
Selling expenses
Administrative expense 5,712,438.73 5,639,121.85
Financial expenses -3,566,528.25 -1,597,590.78
Impairment loss on assets 60,186.86 -3,322,787.77
Add: Gain from fair-value
changes(“-“for loss)
Investment income(“-“for loss) 18,965,349.31 1,164,195.72
Including: investment income from
-268,250.53 495,803.23
associates and joint ventures
Other income
II. Operational profit（“-”for loss） 27,461,789.71 12,353,887.33
Add:Non-operating income
Including：Gains from disposal of
non-current assets
Less:Non-operating expenses
Incl：Loss from disposal of
non-current assets
III. Profit before tax(“-“for loss) 27,461,789.71 12,353,887.33
Less: Income tax expense 2,012,344.53 2,964,521.03
IV. Net profit (“-“for net loss) 25,449,445.18 9,389,366.30
22
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
V.Net of profit of other comprehensiv
-387,412.35 1,836,791.59
e 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
plans of changes in net debt or net ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（ II ）
Other comprehensive income that wil -387,412.35 1,836,791.59
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as -103,501.96 1,648,638.44
sets
3.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
-283,910.39 188,153.15
financial statements
6.Other
VI. Total comprehensive income 25,062,032.83 11,226,157.89
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
Items Amount in this period Amount in last period
23
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
I.Revenue 1,070,339,146.54 857,868,442.54
Including：Operating income 1,070,339,146.54 857,868,442.54
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 1,062,920,000.87 915,401,781.55
Including：Operating cost 963,009,655.45 804,410,781.72
Interest expense
Commission chare and commission
expense
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 9,007,413.66 3,803,678.76
Selling expenses 6,296,597.07 6,911,080.91
Administrative expense 67,852,129.78 74,816,082.68
Financial expenses -22,050,932.81 9,764,993.94
Asset impairment loss 38,805,137.72 15,695,163.54
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 36,670,808.16 4,109,029.54
Incl: investment gains from affiliates -48,134.90 1,207,801.57
Gains from currency exchange（“-”for
loss）
Other income 7,044,206.96
III. Operational profit（“-”for loss） 51,134,160.79 -53,424,309.47
Add：Non-business income 68,148.33 8,708,280.52
Incl：Gains from disposal of
1,510.00
non-current assets
Less：Non business expenses 1,503,598.36 30,077.09
Incl：Loss from disposal of 3,401.59 13,688.95
24
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
non-current assets
IV.Total profit(“-”for loss) 49,698,710.76 -44,746,106.04
Less：Income tax expenses 10,619,222.84 7,682,807.07
V. Net profit（“-”for net loss） 39,079,487.92 -52,428,913.11
Net profit attributable to the owners
33,699,554.09 -52,428,913.11
of parent company
Minority shareholders’ equity 5,379,933.83
VI. Net after-tax of Other
-461,441.26 -172,642.47
comprehensive income
Net after-tax
of other comprehensive income attrib
-461,441.26 -172,642.47
utable to owners of the parent compa
ny.
（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 ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（II）
Other comprehensive income that wil -461,441.26 -172,642.47
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as 221,789.93 -591,439.80
sets
3.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
-683,231.19 418,797.33
financial statements
25
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
6.Other
Net
after-tax of other comprehensive inco
me attributable to Minority
shareholders’ equity
VII. Total comprehensive income 38,618,046.66 -52,601,555.58
Total comprehensive income
attributable to the owner of the parent 33,238,112.83 -52,601,555.58
company
Total comprehensive income
5,379,933.83
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.07 -0.10
(II)Diluted earnings per share 0.07 -0.10
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.Revenue 48,266,504.17 47,852,981.99
Less：Business cost 10,870,510.97 9,424,664.27
Business tax and surcharge 2,291,747.22 2,837,268.54
Selling expenses
Administrative expense 16,100,877.53 17,241,163.36
Financial expenses -9,928,250.42 -9,259,975.56
Asset impairment loss -3,591,943.81 -3,306,538.05
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 21,112,051.38 3,431,389.01
Incl: investment gains from affiliates -48,134.90 1,207,801.57
Other income
II. Operational profit 53,635,614.06 34,347,788.44
Add：Non-business income 1,510.00
Incl：Gains from disposal of
1,510.00
non-current assets
Less：Non business expenses 1,582.15 13,422.71
Incl：Loss from disposal of 1,582.15 13,422.71
26
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
non-current assets
III.Total profit 53,635,541.91 34,334,365.73
Less：Income tax expenses 8,390,425.68 6,060,543.41
IV. Net profit 45,245,116.23 28,273,822.32
V. Net after-tax of Other
-461,441.26 -172,642.47
comprehensive 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
plans of changes in net debt or net ass
ets
2.Other comprehensive income under
the equity method investee can not b
e reclassified into profit or loss.
（II）
Other comprehensive income that wil -461,441.26 -172,642.47
l be reclassified into profit or loss.
1.Other comprehensive income under
the equity method investee can be re
classified into profit or loss.
2.Gains and losses from changes in fa
ir value available for sale financial as 221,789.93 -591,439.80
sets
3.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
4.The effective portion of cash flow h
edges and losses
5.Translation differences in currency
-683,231.19 418,797.33
financial statements
6.Other
VI.Total comprehensive income 44,783,674.97 28,101,179.85
VII.Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
27
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
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
1,124,801,981.04 824,006,721.12
rending of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central
bank
Net increase of inter-bank loans from
other financial bodies
Cash received against original
insurance contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of 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 37,074,063.06 62,673,571.10
Other cash received from business
79,873,288.20 60,039,821.23
operation
Sub-total of cash inflow 1,241,749,332.30 946,720,113.45
Cash paid for purchasing of
1,031,529,910.73 792,062,055.43
merchandise and services
Net increase of client trade and
advance
Net increase of savings n central bank
and brother company
28
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
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 102,698,032.16 98,087,526.79
Taxes paid 128,736,026.79 27,472,449.31
Other cash paid for business activities 191,693,186.77 77,655,857.41
Sub-total of cash outflow from
1,454,657,156.45 995,277,888.94
business activities
Cash flow generated by business
-212,907,824.15 -48,557,775.49
operation, net
II.Cash flow generated by investing
Cash received from investment
25,760,086.27
retrieving
Cash received as investment gains 5,713,598.83 2,187,491.10
Net cash retrieved from disposal of
fixed assets, intangible assets, and 1,510.00 160.00
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
2,448,723,939.45 460,677,646.90
received
Sub-total of cash inflow due to
2,454,439,048.28 488,625,384.27
investment activities
Cash paid for construction of fixed
assets, intangible assets and 155,985,884.39 96,613,162.71
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
2,281,069,933.33 368,000,000.00
activities
Sub-total of cash outflow due to
2,437,055,817.72 464,613,162.71
investment activities
Net cash flow generated by
17,383,230.56 24,012,221.56
investment
III.Cash flow generated by financing
29
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Cash received as investment
Incl: Cash received as investment
from minor shareholders
Cash received as loans 102,114,112.05 224,798,737.66
Cash received from bond placing
Other financing –related ash received 6,809,000.00
Sub-total of cash inflow from
108,923,112.05 224,798,737.66
financing activities
Cash to repay debts 106,864,967.87 301,706,189.01
Cash paid as dividend, profit, or
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing
254,321.38 88,581.31
activities
Sub-total of cash outflow due to
107,119,289.25 301,794,770.32
financing activities
Net cash flow generated by financing 1,803,822.80 -76,996,032.66
IV. Influence of exchange rate
alternation on cash and cash -1,455,883.48 932,934.94
equivalents
V.Net increase of cash and cash
-195,176,654.27 -100,608,651.65
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
734,937,782.30 648,050,223.95
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
49,895,645.32 48,347,776.50
rending of services
Tax returned
Other cash received from business
16,881,970.49 108,432,069.49
operation
30
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
Sub-total of cash inflow 66,777,615.81 156,779,845.99
Cash paid for purchasing of
3,829,810.68 4,167,353.86
merchandise and services
Cash paid to staffs or paid for staffs 12,300,082.40 12,477,129.52
Taxes paid 12,437,816.73 18,088,042.80
Other cash paid for business activities 15,990,242.25 17,243,692.79
Sub-total of cash outflow from
44,557,952.06 51,976,218.97
business activities
Cash flow generated by business
22,219,663.75 104,803,627.02
operation, net
II.Cash flow generated by investing
Cash received from investment
25,760,086.27
retrieving
Cash received as investment gains 4,879,575.52 9,985,869.61
Net cash retrieved from disposal of
fixed assets, intangible assets, and 1,510.00
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
80,589,678.73 260,000,006.38
received
Sub-total of cash inflow due to
85,470,764.25 295,745,962.26
investment activities
Cash paid for construction of fixed
assets, intangible assets 3,972,272.58 3,765,057.80
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
160,000,000.00 60,000,000.00
activities
Sub-total of cash outflow due to
163,972,272.58 271,765,057.80
investment activities
Net cash flow generated by
-78,501,508.33 23,980,904.46
investment
III.Cash flow generated by financing
Cash received as investment
31
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2017
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
-56,281,844.58 128,784,531.48
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
384,403,765.53 400,367,280.51
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 28,2017
32
