Stock code: 000045,200045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No.:2019-60
Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2019
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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, Ms. Di Yan, Person in charge of accounting works, Ms.Mu Linying,
Chief of the accounting organ (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.
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
II. Basic Information of the Company
I.Main financial data and financial index
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √No
In RM B
As at the end of the Changed （%）over end of
As at the end of last year
reporting period prev. year
Gross assets（Yuan） 4,311,784,394.15 4,619,203,416.79 -6.66%
Net assets attributable to the
shareholders of the listed 2,589,873,744.41 2,373,329,991.86 9.12%
company（Yuan）
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 revenue（Yuan） 631,655,475.88 45.88% 1,640,518,771.38 80.82%
Net profit attributable to the
shareholders of the listed 9,061,067.98 245.61% 16,893,355.96 37.69%
company（Yuan）
Net profit after deducting of
non-recurring gain/loss
-1,542,112.46 79.76% -12,090,694.66 34.43%
attributable to the shareholders
of listed company（Yuan）
Net cash generated from /used in
-- -- 286,532,683.65 171.85%
operating activities（Yuan）
Basic earnings per share
0.0178 249.02% 0.0331 37.92%
(Yuan/Share)
Diluted gains per share
0.0178 249.02% 0.0331 37.92%
(Yuan/Share)
Weighted average return on
0.37% 0.26% 0.68% 0.17%
equity（%）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RM B
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Amount (Year-beginning to
Items the end of the report Notes
period.)
Non-current asset disposal gain/loss (including the write-off
17,190,652.07
part for which assets impairment provision is made)
Govemment subsidy recognized in current gain and loss
(excluding those closely related to the Company ’s business and 21,871,492.10
granted under the state’s policies)
Other non-operating income and expenditure except for the
4,746,765.30
aforementioned items
Less: Amount of influence of income tax 4,497,841.58
Amount of influence of minority interests（After tax） 10,327,017.27
Total 28,984,050.62 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public -Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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
509,338,429 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
Shenzhen State-owned 45.96% 234,069,436
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Investment legal person
Holdings Co.,
Ltd.
Shenzhen
Shenchao
State-owned
Technology 3.17% 16,129,032
Legal person
Investment Co.,
Ltd.
Domestic
Lu Yunlong 0.96% 4,899,578
Nature person
Domestic
Sun Huiming 0.63% 3,224,767
Nature person
Domestic
Li Songqiang 0.56% 2,873,078
Nature person
Domestic
Zhang Ling 0.31% 1,596,501
Nature person
Domestic
Kuang Gluowei 0.28% 1,439,000
Nature person
Domestic
Zhu Ye 0.27% 1,388,545
Nature person
Domestic
Hong Fan 0.26% 1,338,900
Nature person
Domestic
Li Zengmao 0.23% 1,146,700
Nature person
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Shenzhen Investment Holdings RM B Common
234,069,436
Co., Ltd. shares
Shenzhen Shenchao Technology RM B Common
16,129,032
Investment Co., Ltd. shares
RM B Common
Lu Yunlong 4,899,578
shares
Foreign shares
placed in
Sun Huiming 3,224,767
domestic
exchange
RM B Common
Li Songqiang 2,873,078
shares
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
RM B Common
Zhang Ling 1,596,501
shares
RM B Common
Kuang Gluowei 1,439,000
shares
RM B Common
Zhu Ye 1,388,545
shares
RM B Common
Hong Fan 1,338,900
shares
RM B Common
Li Zengmao 1,146,700
shares
Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of
Shenzhen Investment Holdings Co., Ltd., According to the decision of the State-owned
Assets Supervision and Administration Commission of Shenzhen M unicipal People's
Government, Shenzhen Shenchao Technology Investment Co., Ltd was transferred to
Shenzhen M ajor Industrial Investment Group Co., Ltd in June 2019. Shenzhen Investment
Holdings Co., Ltd and Shenzhen Shenchao Technology Investment Co., Ltd are both
Related or acting-in-concert
controlled by the State-owned Assets Supervision and Administration Commission of the
parties among shareholders above
Shenzhen M unicipal People's Government, so they are persons acting in concert. Except
this, the Company did not whether there is relationship between the top ten shareholders
holding non-restricted negotiable shares and between the top ten shareholders holding
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 Lu Yunlong holds953,100 shares of the Company through stock
Explanation on shareholders account with credit transaction; The Company Shareholder Li Songqiang holds2,872,653
participating in the margin trading shares of the Company through stock account with credit transaction; The Company
business (if any) Shareholder Zhu Ye holds1,210,0245 shares of the Company through stock account with
credit transaction.
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
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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
September January 1,2019 S cale of Causes of change
Items 30,2019（In （In RMB
change
RMB10,000 ) 10,000 )
M ainly due to repayment of loans,
purchase of structured deposits and the
M onetary fund 48,050.41 114,175.94 -57.92%
construction expenditure of No. 7 line of
polarizer.
Transactional financial M ainly due to the purchase of structured
90,000.00 54,000.00 66.67%
assets deposits.
Notes receivable 3,902.76 88.64 4302.78% Due to increase in sales revenue
M ainly due to the completion of the sales
Prepayments 2,654.85 22,902.88 -88.41%
contract, resulting in the storage of goods.
M ainly due to the increased investment in
Long term share equity
16,044.42 3,295.21 386.90% Shenzhen Guanhua Printing & Dyeing Co.,
investment
Ltd.
M ainly due to the increase in investment in
Construction in progress 12,273.07 1,562.13 685.66%
the construction of No. 7 polarizer line.
M ainly due to repayment of borrowings
Short-term loans 2,719.36 41,152.21 -93.39%
during the reporting period.
M ainly due to the completion of the sales
Advance receipts 2,231.27 12,070.30 -81.51% contract, resulting in the carry -over of
income.
Non-current liability due M ainly due to repayment of Shenchao’s
0.00 4,000.00 -100.00%
within 1 year borrowings
Amount S cale of Causes of change
Amount incurred
incurred in the
in the reporting change
Items previous period
period（In
（In RMB
RMB10,000 )
10,000 )
M ainly due to the Phase II of TFT-LCD
Line 6 was put into operation in the second
Turnover 164,051.88 90,727.38 80.82% half of 2018, leading to the production
capacity was released this year and the
sales volume increased YO Y
Operating income 152,230.31 81,972.78 85.71% Reasons same as income growth
M ainly due to the increased sales leading
Sales expense 1,418.86 638.26 122.30% to the increased transportation costs and
insurance premiums.
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
M ainly due to using the buildings &
constructions to increase the investment in
Assets disposal income 1,719.07 0.00 -
Shenzhen Guanhua Printing & Dyeing Co.,
Ltd.
Cash flow generated by M ainly due to the recovery of trade
28,653.27 -39,878.87 171.85%
business operation, net payments.
Net cash flow generated by M ainly due to the increase in investment in
-67,821.70 4,500.15 -1607.10%
investment structured deposits.
Net increasing of cash and M ainly due to repayment of short-term
-47,339.57 25,391.83 -286.44%
cash equivalents loans.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
（I）Progress of Guanhua Building
On February 28, 2019, the Company and Qiaohui Textile Industrial Co., Ltd. respectively accounted for
50.16% and 49.84% of the equity interest in the buildings of Guanhua Building, and increas ed capital to Shenzhen
Guanhua Printing & Dyeing Co., Ltd. based on the corresponding evaluation value of RMB 49.9351 million and
RMB 49.6166 million of the buildings of Guanhua Building in order to improve the contribution obligation of
shareholders of Shenzhen Guanhua Printing & Dyeing Co., Ltd. The Company signed the Shenzhen Guanhua
Printing & Dyeing Co., Ltd. Capital Increase Agreement with Qiaohui Textile Industrial Co., Ltd. and Shenzhen
Guanhua Printing & Dyeing Co., Ltd. After the completion of capital increase, Shenzhen Guanhua Printing &
Dyeing Co., Ltd. is an enterprise jointly controlled by the Company and Qiaohui Textile Industrial Co., Ltd. For
details Juchao Website:（http://www.cninfo.com.cn. (Announcement No.2019--07).
On February 14, 2019, Shenzhen Guanhua Printing & Dyeing Co., Ltd. has obtained the Real Property
Registration Certificate of Guanhua Building, and has completed the registration procedures for the change of
shareholding rights and the increase of registered capital; As the winning bidder determined by the first public
lease of Guanhua Building gave up the lease qualification, Guanhua Building re-issued the public listing
announcement on the Shenzhen United Property and Share Rights Exchange and determined the lessee in May
2019.
On October 17, 2019, the Proposal on Transferring 50.16% Equity of Shenzhen Guanhua Printing & Dyeing
Co., Ltd. was approved in the 22nd meeting of the 7th Board of Directors, agreeing that the Company transfers the
50.16% equity of Guanhua company held by the Company with a price not be lower than the estimated value of
RMB 306.6374 million in Shenzhen United Property Exchange be means of public listing transfer and the final
listed price shall not be lower than the assessment results approved by the state-owned management department.
The equity transfer still needs to be submitted to the Company's shareholders’ general meeting for consideration
and approval. At present, the transaction price, the counterparty and whether it constitutes a connected transaction
are temporarily uncertain, and the company will fulfill its information disclosure obligations in a timely manner
according to the progress. For details Juchao Website:（http://www.cninfo.com.cn. (Announcement No.2019--55).
(II) Progress on the investment and construction of the ultra-large-size TV polarizer industrialization project (Line
7)
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
During the reporting period, the Line 7 project has completed the signing of contracts for extension machines,
AGV pressure sensitive adhesive coating machine, wastewater treatment equipment, earthworks and partial
construction projects, some of which have completed payment in stages. The construction of Line 7 has
commenced on April 18, 2019, and is currently in the stage of building foundation construction. As of September
30, 2019, the Line 7 project has actually paid RMB 454.447 million (RMB 249.8671 million in raised funds,
RMB 204.5799 million in private funds and government funds).
(III) Progress of the commitment for the compensation in 2018 Annual Performance of the subsidiary, SAPO
In order to give full play to the advantages of the system and mechanism of mixed ownership, seize favorable
market opportunities and achieve the goal of strengthening and enlarging the main optical film industries such as
polarizer, the Company introduced a strategic investor, Jinjiang Group to sign the Cooperation Agreement at the
level of SAPO at the end of 2016 and Jinjiang Group has made a three-year performance commitment to SAPO
for the sake of achieving better results in the cooperation after the introduction of strategic investors (in
2017-2019). However, the cooperation effect is unsatisfactory. In 2018, SAPO realized a net profit of
RMB-97.2687 million, with a net profit margin of RMB 197.2687 million from the performance commitment, ie.
RMB 100 million. Jinjiang Group needs to make up for the net profit margin by cash according to the Cooperation
Agreement.
Based on the principle of mutual cooperation, mutual understanding and mutual accommodation, the
Company and Jinjiang Group have reached an agreement on compensation for the 2018 annual performance
commitment and after that’s reviewed by the 21st meeting of the 7th Board of Directors on September 20, 2019,
they have signed the “Payment Agreement for Make-up for the 2018 Annual Performance Commitment”. For
details Juchao Website:（http://www.cninfo.com.cn. (Announcement No.2019--45 and Announcement
No.:2019-47).
On October 9, 2019, the Company held the first extraordinary shareholders’ meeting in 2019, in which the
“Proposal on Signing the Payment Agreement for Make-up for the 2018 Annual Performance Commitment” was
review and approved, agreed that the Company signs the “Payment Agreement” with Jinjiang Group, with the
agreement shall take effect from the date of approval of this shareholders’ general meeting. For details Juchao
Website:（http://www.cninfo.com.cn. (Announcement No.2019--51).
On October 9, 2019, Shengbo Optoelectronics has received the first batch payment of RMB 50 million from
Jinjiang Group for the make-up of the 2018 annual performance commitment. For details Juchao Website:
（http://www.cninfo.com.cn. (Announcement No.2019--52).
(IV) Progress in subsidiaries participating in the establishment of industrial funds
On November 16, 2017, the company's controlling subsidiary Shengbo Optoelectronic Co., Ltd signed the
Changxing Junying Equity Investment Partnership (Limited Partnership) Agreement with the fund manager
Huizhi Investment Management Co., Ltd, general partner Jinxin Investment Co., Ltd and other limited partners,
and co-sponsored the establishment of an industrial fund, focusing on the optical film industry chain related
projects related to the company's main business, with a fund size of RMB 50 million. SAPO as one of the limited
partners of the industrial fund, subscribed for a capital contribution of RMB 28.5 million. For details Juchao
Website:（http://www.cninfo.com.cn. (Announcement No.2017--55).
On February 10, 2018, Changxing Junying Equity Investment Partnership completed the industrial and
commercial registration and completed the private equity investment fund registration on February 8, 2018. For
details Juchao Website:（http://www.cninfo.com.cn. (Announcement No.2018--05).
As of September 30, 2019, Changxing Junying had accumulated 3 investment projects with a total
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
investment of RMB 42 million.
No Name Investment Fund contribution(In
RM B 10,000)
1 Shenzhen Kaichuang Shijia Technology Co., Ltd. Optical Film 1,400
2 Shenzhen shenfuyu Electronic Technology Co., Ltd. Optical Film 1,300
3 Shenzhen Hengbaoshun Technology Development Co., Ltd. Optical Film 1,500
Progress in the implementation of share repurchase
□ Applicable √Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ Applicable √Not applicable
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.
V. Entrusted Financial Management
√ Applicable □ Not applicable
In RM B 10,000
Type Source Amount Unexpired balance Overdue amount
Bank financing
Self fund 73,000 73,000 0
product
Bank financing
Raised fund 17,000 17,000 0
product
Total 90,000 90,000 0
Specific Circumstance of Trust Investment which is Large in single amount, low insecurity, poor in liquidity or
unguaranteed in high risk
√ Applicable □ Not applicable
In RM B10,000
Name Typ Pr Amou Ca Start Expir Fu M Refere Expect Ac Th Amou W Wh Summ
of e of od nt pit Date y nd eth nce ed tua e nt of het eth ary of
Trustee Trus uc al Date s od Annua Incom l act provis her er events
Organiz tee t So Al of lized e (if pro ual ion pas ther and
ation Org Ty ur loc Re Rate any) fit rec for sed e is relate
(or aniz pe ce ati wa of an ove impai the any d
Trustee atio on rd Return d ry rment sta entr search
Name) n De los of (if tut ust index
(or ter s pro any) ory ed (if
Trus mi dur fit pro fina any)
tee) nat ing and ce nci
io the los dur al
n rep s e pla
orti dur n in
ng ing the
per the fut
iod rep ure
orti
11
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
ng
per
iod
Re
pa
Ba y
nk me
SPD Str
fin nt
Bank. uc
Se Janua an of Un Not
Fenghu tur July
Ban lf ry cia pri exp Ye app
ang al 22,000 30, 4.05% 457.88 0
k fu 31, l nci ire s lica
Buildin de 2019
nd 2020 pr pal d ble
g Sub- po
od an
Branch sit
uct di
s nte
res
t
Re
pa
Ba y
nk me
SPD Str
fin nt
Bank. uc
Se Septe an of Un Not
Fenghu tur M arc
Ban lf mber cia pri exp Ye app
ang al 10,000 h 9, 3.85% 192.5 0
k fu 11, l nci ire s lica
Buildin de 2020
nd 2019 pr pal d ble
g Sub- po
od an
Branch sit
uct di
s nte
res
t
Total 32,000 -- -- -- -- -- -- 650.38 0 -- -- -- --
Entrusted financing appears to be unable to recover the principal or there may be other circumstanc es that
may result in impairment
□ Applicable √ Not applicable
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
12
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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.
October 31,2019
13
