Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2019
October 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.
II. Basic Information of the Company
（1）Main financial data and financial index
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √No
In RMB
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%
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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 earning 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 RMB
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
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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
Investment State-owned
45.96% 234,069,436
Holdings Co., legal person
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
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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 RMB Common
234,069,436
Co., Ltd. shares
Shenzhen Shenchao Technology RMB Common
16,129,032
Investment Co., Ltd. shares
RMB Common
Lu Yunlong 4,899,578
shares
Foreign shares
placed in
Sun Huiming 3,224,767
domestic
exchange
RMB Common
Li Songqiang 2,873,078
shares
RMB Common
Zhang Ling 1,596,501
shares
RMB Common
Kuang Gluowei 1,439,000
shares
RMB Common
Zhu Ye 1,388,545
shares
RMB Common
Hong Fan 1,338,900
shares
RMB 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 Municipal People's
Government, Shenzhen Shenchao Technology Investment Co., Ltd was transferred to
Shenzhen Major 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 Municipal 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.
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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 Scale of Causes of change
Items 30,2019（In （In RMB
change
RMB10,000 ) 10,000 )
Mainly due to repayment of loans,
purchase of structured deposits and the
Monetary fund 48,050.41 114,175.94 -57.92%
construction expenditure of No. 7 line of
polarizer.
Transactional financial Mainly 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
Mainly due to the completion of the sales
Prepayments 2,654.85 22,902.88 -88.41%
contract, resulting in the storage of goods.
Mainly 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.
Mainly 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.
Mainly due to repayment of borrowings
Short-term loans 2,719.36 41,152.21 -93.39%
during the reporting period.
Mainly 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 Mainly due to repayment of Shenchao’s
0.00 4,000.00 -100.00%
within 1 year borrowings
Amount Scale of Causes of change
Amount incurred
incurred in the
in the reporting change
Items previous period
period（In
（In RMB
RMB10,000 )
10,000 )
Mainly 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 YOY.
Operating income 152,230.31 81,972.78 85.71% Reasons same as income growth
Mainly due to the increased sales leading
Sales expense 1,418.86 638.26 122.30% to the increased transportation costs and
insurance premiums.
7
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Mainly 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 Mainly due to the recovery of trade
28,653.27 -39,878.87 171.85%
business operation, net payments.
Net cash flow generated by Mainly due to the increase in investment in
-67,821.70 4,500.15 -1607.10%
investment structured deposits.
Net increasing of cash and Mainly 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
increased 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 a 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)
During the reporting period, the Line 7 project has completed the signing of contracts for extension machines,
8
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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 investment of
RMB 42 million.
No Name Investment Fund contribution(In
9
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
RMB 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
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 RMB 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 RMB10,000
Name Type Pr Amou Ca Start Expir Fu M Refere Expect Ac Th Amou W Wh Summ
of of od nt pit Date y nd eth nce ed tua e nt of het eth ary of
Truste Truste uc al Date s od Annua Incom l act provis her er events
e e t So Al of lized e (if pro ual ion pas ther and
Organ Organ Ty ur loc Re Rate any) fit rec for sed e is relate
10
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
izatio izatio pe ce ati wa of an ove impai the any d
n (or n (or on rd Return d ry rment sta entr search
Truste Truste De los of (if tut ust index
e e) ter s pro any) ory ed (if
Name mi dur fit pro fina any)
) 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
ng
per
iod
Re
pa
Ba y
SPD
nk me
Bank. Str
fin nt
Fengh uc
Se Janua an of Un Not
uang tur July
lf ry cia pri exp Ye app
Buildi Bank al 22,000 30, 4.05% 457.88 0
fu 31, l nci ire s lica
ng de 2019
nd 2020 pr pal d ble
Sub- po
od an
Branc sit
uct di
h
s nte
res
t
Re
pa
Ba y
SPD
nk me
Bank. Str
fin nt
Fengh uc
Se Septe an of Un Not
uang tur Marc
lf mber cia pri exp Ye app
Buildi Bank al 10,000 h 9, 3.85% 192.5 0
fu 11, l nci ire s lica
ng de 2020
nd 2019 pr pal d ble
Sub- po
od an
Branc sit
uct di
h
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 circumstances that
may result in impairment
11
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
□ 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
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.
12
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items September 30,2019 December 31,2018
Current asset：
Monetary fund 480,504,065.34 1,141,759,374.60
Settlement provision
Outgoing call loan
Transactional financial assets 900,000,000.00
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable 39,027,637.04 886,432.06
Account receivable 380,781,957.80 528,454,015.59
Financing of receivables
Prepayments 26,548,480.29 229,028,791.15
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 15,345,495.95 14,846,896.50
Including：Interest receivable 3,907,256.00 5,589,704.44
Dividend receivable
Repurchasing of financial assets
Inventories 467,874,150.17 439,752,718.77
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 78,143,475.79 639,797,959.30
Total of current assets 2,388,225,262.38 2,994,526,187.97
13
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Non-current assets：
Loans and payment on other’s behalf
disbursed
Debt investment
Available for sale of financial
45,373,784.87
assets
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 160,444,247.16 32,952,085.66
Other equity instruments investment 242,794,732.78
Other non-current financial assets
Property investment 114,593,201.83 167,997,941.98
Fixed assets 912,204,779.30 987,876,247.55
Construction in progress 122,730,693.77 15,621,286.64
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 36,854,660.14 37,880,815.85
Development expenses
Goodwill
Long-germ expenses to be
2,621,790.44 1,486,209.03
amortized
Deferred income tax asset 5,707,158.52 6,036,198.23
Other non-current asset 325,607,867.83 329,452,659.01
Total of non-current assets 1,923,559,131.77 1,624,677,228.82
Total of assets 4,311,784,394.15 4,619,203,416.79
Current liabilities
Short-term loans 27,193,593.60 411,522,111.40
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
14
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Notes payable
Account payable 210,256,871.64 180,239,452.90
Advance receipts 22,312,742.40 120,702,951.37
Contract Liabilities
Selling of repurchased financial
assets
Deposit taking and interbank
deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 24,378,140.19 32,506,267.08
Tax payable 16,098,101.50 7,745,128.99
Other account payable 162,691,333.57 229,015,279.98
Including：Interest payable 261,573.43 39,044,044.39
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1
40,000,000.00
year
Other current liability
Total of current liability 462,930,782.90 1,021,731,191.72
Non-current liabilities：
Reserve fund for insurance
contracts
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to
staff
Expected liabilities
Deferred income 124,246,850.49 137,991,698.33
15
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Deferred income tax liability 66,021,500.49
Other non-current liabilities
Total non-current liabilities 190,268,350.98 137,991,698.33
Total of liability 653,199,133.88 1,159,722,890.05
Owners’ equity
Share capital 509,338,429.00 511,274,149.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 1,856,561,028.03 1,865,716,983.63
Less：Shares in stock 16,139,003.40 27,230,679.00
Other comprehensive income 200,989,605.00 1,339,208.41
Special reserve
Surplus reserves 80,004,803.23 80,004,803.23
Common risk provision
Retained profit -40,881,117.45 -57,774,473.41
Total of owner’s equity belong to the
2,589,873,744.41 2,373,329,991.86
parent company
Minority shareholders’ equity 1,068,711,515.86 1,086,150,534.88
Total of owners’ equity 3,658,585,260.27 3,459,480,526.74
Total of liabilities and owners’
4,311,784,394.15 4,619,203,416.79
equity
Legal representative ：Zhu Jun
Person-in-charge of the accounting work：Di Yan
Person-in -charge of the accounting organ：Mu Linying
2. Balance sheet of Parent Company
In RMB
Items September 30,2019 December 31,2018
Current asset：
Monetary fund 20,959,476.59 85,416,567.74
Transactional financial assets 590,000,000.00
Financial assets measured at fair
16
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
value with variations accounted into
current income account
Derivative financial assets
Notes receivable
Account receivable 767,067.54 541,948.21
Financing of receivables
Prepayments 58,221.17 17,436.00
Other account receivable 13,530,523.01 13,856,382.02
Including：Interest receivable 3,634,932.56 4,974,799.47
Dividend receivable
Inventories
Contract assets
Assets held for sales
Non-current asset due within 1
year
Other current asset 500,000,000.00
Total of current assets 625,315,288.31 599,832,333.97
Non-current assets：
Debt investment
Available for sale of financial
15,373,784.87
assets
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 2,110,664,829.32 1,997,175,852.27
Other equity instruments investment 200,829,741.61
Other non-current financial assets
Property investment 108,895,689.79 161,053,628.71
Fixed assets 25,949,559.82 26,565,399.91
Construction in progress 19,552.00
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 744,005.91 1,012,374.75
Development expenses
Goodwill
17
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Long-germ expenses to be
835,176.13
amortized
Deferred income tax asset 5,353,106.45 5,818,069.48
Other non-current asset
Total of non-current assets 2,453,291,661.03 2,206,999,109.99
Total of assets 3,078,606,949.34 2,806,831,443.96
Current liabilities
Short-term loans
Transactional financial liabilities
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable
Account payable 411,743.57 411,743.57
Advance receipts 639,024.58 639,024.58
Contract Liabilities
Employees’ wage payable 6,718,857.33 9,760,306.51
Tax payable 11,066,461.70 5,494,627.33
Other account payable 121,772,847.49 141,746,352.67
Including：Interest payable
Dividend payable
Liabilities held for sales
Non-current liability due within 1
year
Other current liability
Total of current liability 140,608,934.67 158,052,054.66
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to
staff
18
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Expected liabilities
Deferred income 625,000.00 700,000.00
Deferred income tax liability 63,030,252.70
Other non-current liabilities
Total non-current liabilities 63,655,252.70 700,000.00
Total of liability 204,264,187.37 158,752,054.66
Owners’ equity
Share capital 509,338,429.00 511,274,149.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 1,589,869,499.36 1,599,025,454.96
Less：Shares in stock 16,139,003.40 27,230,679.00
Other comprehensive income 192,015,861.62 1,339,208.41
Special reserve
Surplus reserves 80,004,803.23 80,004,803.23
Retained profit 519,253,172.16 483,666,452.70
Total of owners’ equity 2,874,342,761.97 2,648,079,389.30
Total of liabilities and owners’
3,078,606,949.34 2,806,831,443.96
equity
3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Turnover 631,655,475.88 433,011,400.70
Including ：Operating income 631,655,475.88 433,011,400.70
Interest income
Insurance fee earned
Fee and commission received
II. Total operating costs 622,983,451.14 438,989,534.03
Including ：Operating costs 581,715,597.60 404,634,857.14
Interest expense
Fee and commission paid
Insurance discharge payment
19
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Net claim amount paid
Appropriation of deposit for duty, net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 2,177,606.85 1,738,585.02
Sales expense 6,818,778.79 2,602,163.62
Administrative expense 21,103,279.61 22,119,362.08
R & D expense 9,975,989.88 9,392,863.24
Financial expenses 1,192,198.41 -1,498,297.07
Including：Interest expense 339,007.42 4,023,167.51
Interest income -8,880,432.64 -10,856,486.49
Add：Other income 10,836,353.04 3,280,583.90
Investment gain（“-”for loss） -2,084,526.53 15,640,419.06
Including: investment gains from
-3,486,196.57 770,496.99
affiliates
Financial assets measured at
amortized cost cease to be recognized
as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss 6,113,480.07
Impairment loss of assets -17,843,570.36 -14,773,231.98
Assets disposal income 4,953,965.82
III. Operating profit（“-”for loss） 10,647,726.78 -1,830,362.35
Add ：Non-operating income 505,625.44 1,216,652.61
Less: Non-operating expenses 29.17 1,105.40
IV. Total profit(“-”for loss) 11,153,323.05 -614,815.14
Less：Income tax expenses 5,729,139.09 3,334,101.51
V. Net profit 5,424,183.96 -3,948,916.65
(I) Classification by business
continuity
1.Net continuing operating profit 5,424,183.96 -3,948,916.65
2.Termination of operating net profit
(II) Classification by ownership
20
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
1.Net profit attributable to the owners
9,061,067.98 2,621,782.96
of parent company
2.Minority shareholders’ equity -3,636,884.02 -6,570,699.61
VI. Net after-tax of other
218,016.55 -1,242,238.23
comprehensive income
Net of profit of other comprehensive in
218,016.55 -1,242,238.23
come attributable to owners of the pare
nt company.
（I）Other comprehensive income
items that will not be reclassified into
20,700.40
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 t
he equity method investee can not be re
classified into profit or loss.
3. Changes in the fair value of
20,700.40
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
5.Other
（II）
Other comprehensive income that will 197,316.15 -1,242,238.23
be reclassified into profit or loss.
1.Other comprehensive income under t
he equity method investee can be reclas
sified into profit or loss.
2. Changes in the fair value of
investments in other debt obligations
3.Gains and losses from changes in fair -1,097,121.47
value available for sale financial assets
4. Other comprehensive income arising
from the reclassification of financial
assets
5.Held-to-maturity investments reclassi
21
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
fied to gains and losses of available for
sale financial assets
6. Allowance for credit impairments in
investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency fina 197,316.15 -145,116.76
ncial statements
9.Other
Net of profit of other comprehensive in
come attributable to Minority
shareholders’ equity
VII. Total comprehensive income 5,642,200.51 -5,191,154.88
Total comprehensive income
attributable to the owner of the parent 9,279,084.53 1,379,544.73
company
Total comprehensive income
-3,636,884.02 -6,570,699.61
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.0178 0.0051
(II)Diluted earnings per share 0.0178 0.0051
Legal representative ：Zhu Jun
Person-in-charge of the accounting work：Di Yan
Person-in -charge of the accounting organ：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 18,702,133.41 17,545,119.19
Including ：Operating costs 3,132,290.08 3,851,696.65
Business tax and surcharge 768,658.39 591,784.85
Sales expense
Administrative expense 6,715,501.68 6,614,949.78
R & D expense
Financial expenses -5,343,904.21 -4,392,650.45
22
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Including：Interest expenses
Interest income -5,359,854.48 -4,390,835.23
Add：Other income 31,720.83 25,000.00
Investment gain（“-”for loss） -3,029,192.67 1,217,643.59
Including: investment gains from
-3,486,196.57 770,496.99
affiliates
Financial assets measured at
amortized cost cease to be recognized
as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss -88,387.87
Impairment loss of assets -11,510.21
Assets disposal income 5,271,919.22
II. Operating profit （“-”for loss） 15,615,646.98 12,110,471.74
Add ：Non-operating income 6,400.00
Less：Non -operating expenses
III. Total profit (“-” for loss) 15,622,046.98 12,110,471.74
Less：Income tax expenses 4,725,309.91 2,761,780.38
IV. Net profit 10,896,737.07 9,348,691.36
1.Net continuing operating profit 10,896,737.07 9,348,691.36
2.Termination of operating net profit
V. Net after-tax of other
218,016.55 -1,242,238.23
comprehensive income
（I）Other comprehensive income
items that will not be reclassified into
20,700.40
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.
3. Changes in the fair value of
investments in other equity 20,700.40
instruments
23
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
4. Changes in the fair value of the
company’s credit risks
5.Other
（II）
Other comprehensive income that wil 197,316.15 -1,242,238.23
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. Changes in the fair value of
investments in other debt obligations
3.
Gains and losses from changes in fair
-1,097,121.47
value available for sale financial asset
s
4. Other comprehensive income
arising from the reclassification of
financial assets
5.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
6. Allowance for credit
impairments in investments in other
debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency fi 197,316.15 -145,116.76
nancial statements
9.Other
VI. Total comprehensive income 11,114,753.62 8,106,453.13
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
I. Turnover 1,640,518,771.38 907,273,809.27
24
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Including：Operating income 1,640,518,771.38 907,273,809.27
Interest income
Insurance fee earned
Commission charge and commission
income
II. Total operating costs 1,636,181,843.11 920,279,091.90
Including ：Operating costs 1,522,303,108.33 819,727,815.47
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty, net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 6,075,103.63 5,579,141.14
Sales expense 14,188,583.31 6,382,575.15
Administrative expense 64,005,159.29 63,358,481.81
R & D expense 29,148,378.08 30,581,963.06
Financial expenses 461,510.47 -5,350,884.73
Including：Interest expense 4,122,891.39 7,451,251.45
Interest income -24,624,537.30 -20,792,762.67
Add：Other income 21,871,492.10 9,092,751.66
Investment gain（“-”for loss） -2,290,584.08 44,193,129.21
Including: investment gains from
-4,600,254.12 1,387,442.66
affiliates
Financial assets measured at
amortized cost cease to be recognized
as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss 8,447,245.05
Impairment loss of assets -39,103,021.71 -32,167,564.02
Assets disposal income 17,190,652.07
III. Operating profit （“-”for loss） 10,452,711.70 8,113,034.22
25
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Add ：Non-operating income 4,752,887.09 1,306,557.78
Less: Non-operating expense 6,121.79 154,443.48
IV. Total profit (“-”for loss) 15,199,477.00 9,265,148.52
Less：Income tax expenses 15,502,146.92 8,655,966.04
V. Net profit -302,669.92 609,182.48
(I) Classification by business
continuity
1.Net continuing operating profit -302,669.92 609,182.48
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners
16,893,355.96 12,268,759.11
of parent company
2.Minority shareholders’ equity -17,196,025.88 -11,659,576.63
VI. Net after-tax of other
52,274,268.49 -1,632,005.90
comprehensive income
Net of profit of other comprehensive in
52,274,268.49 -1,632,005.90
come attributable to owners of the pare
nt company.
（I）Other comprehensive income
items that will not be reclassified into
51,269,710.80
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 t
he equity method investee can not be re
classified into profit or loss.
3. Changes in the fair value of
51,269,710.80
investments in other equity instruments
4. Changes in the fair value of the
company’s credit risks
5.Other
（II）
Other comprehensive income that will 1,004,557.69 -1,632,005.90
be reclassified into profit or loss.
1.Other comprehensive income under t
26
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
he equity method investee can be reclas
sified into profit or loss.
2. Changes in the fair value of
investments in other debt obligations
3.Gains and losses from changes in fair -1,607,238.29
value available for sale financial assets
4. Other comprehensive income arising
from the reclassification of financial
assets
5.Held-to-maturity investments reclassi
fied to gains and losses of available for
sale financial assets
6. Allowance for credit impairments in
investments in other debt obligations
7. Reserve for cash flow hedges
8.
Translation differences in currency fina 1,004,557.69 -24,767.61
ncial statements
9.Other
Net of profit of other comprehensive in
come attributable to Minority
shareholders’ equity
VII. Total comprehensive income 51,971,598.57 -1,022,823.42
Total comprehensive income
attributable to the owner of the parent 69,167,624.45 10,636,753.21
company
Total comprehensive income
-17,196,025.88 -11,659,576.63
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.0331 0.0240
(II)Diluted earnings per share 0.0331 0.0240
Legal representative ：Zhu Jun
Person-in-charge of the accounting work：Di Yan
Person-in -charge of the accounting organ：Mu Linying
27
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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 53,295,641.69 50,889,018.61
Including ：Operating costs 9,062,025.16 10,785,956.23
Business tax and surcharge 2,181,592.04 2,050,198.31
Sales expense
Administrative expense 22,921,542.05 21,051,519.67
R & D expense
Financial expenses -15,475,991.10 -12,225,921.71
Including：Interest expenses
Interest income -15,284,776.44 -12,236,505.07
Add：Other income 81,720.83 75,000.00
Investment gain（“-”for loss） -3,235,250.22 2,409,363.41
Including: investment gains from
-4,600,254.12 1,387,442.66
affiliates
Financial assets measured at
amortized cost cease to be recognized
as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss -64,417.52
Impairment loss of assets -377,337.07
Assets disposal income 17,573,064.14
II. Operating profit（“-”for loss） 48,961,590.77 31,334,292.45
Add ：Non-operating income 6,400.00 79,604.02
Less：Non -operating expenses
III. Total profit (“-”for loss) 48,967,990.77 31,413,896.47
Less：Income tax expenses 13,381,271.31 6,971,040.11
IV. Net profit 35,586,719.46 24,442,856.36
1.Net continuing operating profit 35,586,719.46 24,442,856.36
2.Termination of operating net profit
V. Net after-tax of other
52,274,268.49 -1,632,005.90
comprehensive income
28
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
（I）Other comprehensive income
items that will not be reclassified into
51,269,710.80
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.
3. Changes in the fair value of
investments in other equity 51,269,710.80
instruments
4. Changes in the fair value of the
company’s credit risks
5.Other
（II）
Other comprehensive income that wil 1,004,557.69 -1,632,005.90
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. Changes in the fair value of
investments in other debt obligations
3.
Gains and losses from changes in fair
-1,607,238.29
value available for sale financial asset
s
4. Other comprehensive income
arising from the reclassification of
financial assets
5.Held-to-maturity investments reclas
sified to gains and losses of available
for sale financial assets
6. Allowance for credit
impairments in investments in other
debt obligations
7. Reserve for cash flow hedges
8.
1,004,557.69 -24,767.61
Translation differences in currency fi
29
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
nancial statements
9.Other
VI. Total comprehensive income 87,860,987.95 22,810,850.46
VII. Earnings per share
（I）Basic earnings per share
(II)Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
1,731,173,949.81 974,017,262.18
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
Cash received from interest,
commission charge and commission
Net increase of inter-bank fund
received
Net increase of repurchasing business
Net cash received by agent in
securities trading
Tax returned 11,611,501.57 57,858,289.86
Other cash received from business
47,024,706.54 55,467,567.57
operation
Sub-total of cash inflow 1,789,810,157.92 1,087,343,119.61
30
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Cash paid for purchasing of
1,321,550,785.73 1,308,829,199.47
merchandise and services
Net increase of client trade and
advance
Net increase of savings in central
bank and brother company
Cash paid for original contract
claim
Net increase for Outgoing call loan
Cash paid for interest, processing
fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 122,015,249.20 110,803,215.30
Taxes paid 12,064,724.08 33,844,922.30
Other cash paid for business activities 47,646,715.26 32,654,523.58
Sub-total of cash outflow from
1,503,277,474.27 1,486,131,860.65
business activities
Net cash generated from /used in
286,532,683.65 -398,788,741.04
operating activities
II. Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 3,665,400.79 3,264,969.53
Net cash retrieved from disposal of
fixed assets, intangible assets, and 225,080.00 26,797.81
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
1,700,957,923.06 2,921,223,209.77
received
Sub-total of cash inflow due to
1,704,848,403.85 2,924,514,977.11
investment activities
Cash paid for construction of fixed
assets, intangible assets and 139,150,889.68 172,613,463.28
other long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries
31
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
and other operational units
Other cash paid for investment
2,243,914,534.73 2,706,900,000.00
activities
Sub-total of cash outflow due to
2,383,065,424.41 2,879,513,463.28
investment activities
Net cash flow generated by
-678,217,020.56 45,001,513.83
investment
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as
investment from minor shareholders
Cash received as loans 86,938,172.53 494,228,404.46
Other financing –related cash
3,128,570.13 2,587,238.69
received
Sub-total of cash inflow from
90,066,742.66 496,815,643.15
financing activities
Cash to repay debts 510,029,215.92 238,398,742.89
Cash paid as dividend, profit, or
41,984,741.10 4,683,129.69
interests
Including: Dividend and profit paid
by subsidiaries to minor shareholders
Other cash paid for financing
11,448,442.40 -184,487.96
activities
Sub-total of cash outflow due to
563,462,399.42 242,897,384.62
financing activities
Net cash flow generated by financing -473,395,656.76 253,918,258.53
IV. Influence of exchange rate
alternation on cash and cash -89,850.32 -97,897.33
equivalents
V.Net increase of cash and cash
-865,169,843.99 -99,966,866.01
equivalents
Add: balance of cash and cash
1,133,574,235.22 1,161,240,139.33
equivalents at the beginning of term
VI. Balance of cash and cash
268,404,391.23 1,061,273,273.32
equivalents at the end of term
32
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
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
54,658,164.63 52,432,255.32
rending of services
Tax returned
Other cash received from business
16,177,202.14 9,186,847.78
operation
Sub-total of cash inflow 70,835,366.77 61,619,103.10
Cash paid for purchasing of
5,047,387.75 4,367,850.28
merchandise and services
Cash paid to staffs or paid for staffs 16,027,788.75 13,780,580.01
Taxes paid 14,287,074.09 10,360,700.34
Other cash paid for business activities 19,066,832.98 13,913,677.69
Sub-total of cash outflow from
54,429,083.57 42,422,808.32
business activities
Net cash generated from /used in
16,406,283.20 19,196,294.78
operating activities
II.Cash flow generated by investing
Cash received from investment
12,000,000.00
retrieving
Cash received as investment gains 2,720,734.65 2,366,618.15
Net cash retrieved from disposal of
fixed assets, intangible assets, and 24,597.81
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
17,555,670.19 347,915,044.35
received
Sub-total of cash inflow due to
32,276,404.84 350,306,260.31
investment activities
Cash paid for construction of fixed
assets, intangible assets 11,691,336.79 1,574,185.70
and other long-term assets
Cash paid as investment
33
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
90,000,000.00 460,000,000.00
activities
Sub-total of cash outflow due to
101,691,336.79 461,574,185.70
investment activities
Net cash flow generated by
-69,414,931.95 -111,267,925.39
investment
III. Cash flow generated by financing
Cash received as investment
Cash received as loans
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
11,448,442.40
activities
Sub-total of cash outflow due to
11,448,442.40
financing activities
Net cash flow generated by financing -11,448,442.40
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
-64,457,091.15 -92,071,630.61
equivalents
Add: balance of cash and cash
85,416,567.74 413,700,327.95
equivalents at the beginning of term
VI. Balance of cash and cash
20,959,476.59 321,628,697.34
equivalents at the end of term
34
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to
the new standards for financial instruments, the new standards for revenues and the new standards for
lease implemented commencing from year 2019
√ Applicable □ Not applicable
Consolidated balance sheet
In RMB
Amount involved in the
Items December 31,2018 January 1,2019
adjustment
Current asset：
Monetary fund 1,141,759,374.60 1,141,759,374.60
Settlement provision
Outgoing call loan
Transactional financial
540,000,000.00 540,000,000.00
assets
Financial assets
measured at fair value with
variations accounted into
current income account
Derivative financial
assets
Notes receivable 886,432.06 886,432.06
Account receivable 528,454,015.59 528,454,015.59
Financing of
receivables
Prepayments 229,028,791.15 229,028,791.15
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Other account receivable 14,846,896.50 14,846,896.50
Including：Interest
5,589,704.44 5,589,704.44
receivable
Dividend receivable
Repurchasing of financial
35
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
assets
Inventories 439,752,718.77 439,752,718.77
Contract assets
Assets held for sales
Non-current asset due
within 1 year
Other current assets 639,797,959.30 99,797,959.30 -540,000,000.00
Total of current assets 2,994,526,187.97 2,994,526,187.97
Non-current assets：
Loans and payment on
other’s behalf disbursed
Debt investment
Available for sale of
45,373,784.87 0.00 -45,373,784.87
financial assets
Other investment on
bonds
Expired investment in
possess
Long-term receivable
Long term share equity
32,952,085.66 32,952,085.66
investment
Other equity instruments
241,875,289.00 241,875,289.00
investment
Other non-current financial
assets
Property investment 167,997,941.98 167,997,941.98
Fixed assets 987,876,247.55 987,876,247.55
Construction in progress 15,621,286.64 15,621,286.64
Production physical
assets
Oil & gas assets
Use right assets
Intangible assets 37,880,815.85 37,880,815.85
Development expenses
Goodwill
Long-germ expenses to be
1,486,209.03 1,486,209.03
amortized
Deferred income tax
6,036,198.23 6,036,198.23
asset
36
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Other non-current assets 329,452,659.01 329,452,659.01
Total of non-current assets 1,624,677,228.82 1,821,178,732.95 196,501,504.13
Total of assets 4,619,203,416.79 4,815,704,920.92 196,501,504.13
Current liabilities
Short-term loans 411,522,111.40 411,522,111.40
Loan from Central Bank
Borrowing funds
Transactional financial
liabilities
Financial liabilities
measured at fair value with
variations accounted into
current income account
Derivative financial
liabilities
Notes payable
Account payable 180,239,452.90 180,239,452.90
Advance receipts 120,702,951.37 120,702,951.37
Contract liabilities
Selling of repurchased
financial assets
Deposit taking and
interbank deposit
Entrusted trading of
securities
Entrusted selling of
securities
Employees’ wage payable 32,506,267.08 32,506,267.08
Tax payable 7,745,128.99 7,745,128.99
Other account payable 229,015,279.98 229,015,279.98
Including：Interest
39,044,044.39 39,044,044.39
payable
Dividend payable
Fees and commissions
payable
Reinsurance fee
payable
37
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Liabilities held for sales
Non-current liability due
40,000,000.00 40,000,000.00
within 1 year
Other current liability
Total of current liability 1,021,731,191.72 1,021,731,191.72
Non-current liabilities：
Reserve fund for insurance
contracts
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration
payable to staff
Expected liabilities
Deferred income 137,991,698.33 137,991,698.33
Deferred income tax
49,125,376.03 49,125,376.03
liability
Other non-current
liabilities
Total non-current liabilities 137,991,698.33 187,117,074.36 49,125,376.03
Total of liability 1,159,722,890.05 1,208,848,266.08 49,125,376.03
Owners’ equity
Share capital 511,274,149.00 511,274,149.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 1,865,716,983.63 1,865,716,983.63
Less：Shares in stock 27,230,679.00 27,230,679.00
Other comprehensive
1,339,208.41 148,715,336.51 147,376,128.10
income
Special reserve
Surplus reserves 80,004,803.23 80,004,803.23
Common risk provision
38
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Retained profit -57,774,473.41 -57,774,473.41
Total of owner’s equity
belong to the parent 2,373,329,991.86 2,520,706,119.96 147,376,128.10
company
Minority shareholders’
1,086,150,534.88 1,086,150,534.88
equity
Total of owners’ equity 3,459,480,526.74 3,606,856,654.84 147,376,128.10
Total of liabilities and
4,619,203,416.79 4,815,704,920.92 196,501,504.13
owners’ equity
Parent Company Balance Sheet
In RMB
Amount involved in the
Items December 31,2018 January 1,2019
adjustment
Current asset：
Monetary fund 85,416,567.74 85,416,567.74
Transactional financial
500,000,000.00 500,000,000.00
assets
Financial assets
measured at fair value with
variations accounted into
current income account
Derivative financial
assets
Notes receivable
Account receivable 541,948.21 541,948.21
Financing of receivables
Prepayments 17,436.00 17,436.00
Other account receivable 13,856,382.02 13,856,382.02
Including：Interest
4,974,799.47 4,974,799.47
receivable
Dividend receivable
Inventories
Contract assets
Assets held for sales
Non-current asset due
within 1 year
39
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Other current assets 500,000,000.00 0.00 -500,000,000.00
Total of current assets 599,832,333.97 599,832,333.97
Non-current assets：
Debt investment
Available for sale of
15,373,784.87 0.00 -15,373,784.87
financial assets
Other investment on bonds
Expired investment in
possess
Long-term receivable
Long term share equity
1,997,175,852.27 1,997,175,852.27
investment
Other equity instruments
199,910,297.83 199,910,297.83
investment
Other non-current financial
assets
Property investment 161,053,628.71 161,053,628.71
Fixed assets 26,565,399.91 26,565,399.91
Construction in
progress
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 1,012,374.75 1,012,374.75
Development expenses
Goodwill
Long-germ expenses to
be amortized
Deferred income tax
5,818,069.48 5,818,069.48
asset
Other non-current assets
Total of non-current assets 2,206,999,109.99 2,391,535,622.95 184,536,512.96
Total of assets 2,806,831,443.96 2,991,367,956.92 184,536,512.96
Current liabilities
Short-term loans
Transactional financial
liabilities
Financial liabilities
40
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
measured at fair value with
variations accounted into
current income account
Derivative financial
liabilities
Notes payable
Account payable 411,743.57 411,743.57
Advance receipts 639,024.58 639,024.58
Contract Liabilities
Employees’ wage payable 9,760,306.51 9,760,306.51
Tax payable 5,494,627.33 5,494,627.33
Other account payable 141,746,352.67 141,746,352.67
Including：Interest
payable
Dividend payable
Liabilities held for sales
Non-current liability due
within 1 year
Other current liability
Total of current liability 158,052,054.66 158,052,054.66
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration
payable to staff
Expected liabilities
Deferred income 700,000.00 700,000.00
Deferred income tax
46,134,128.24 46,134,128.24
liability
Other non-current
liabilities
Total non-current liabilities 700,000.00 46,834,128.24 46,134,128.24
41
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
Total of liability 158,752,054.66 204,886,182.90 46,134,128.24
Owners’ equity
Share capital 511,274,149.00 511,274,149.00
Other equity instruments
Including：preferred
stock
Sustainable debt
Capital reserves 1,599,025,454.96 1,599,025,454.96
Less：Shares in stock 27,230,679.00 27,230,679.00
Other comprehensive
1,339,208.41 139,741,593.13 138,402,384.72
income
Special reserve
Surplus reserves 80,004,803.23 80,004,803.23
Retained profit 483,666,452.70 483,666,452.70
Total of owners’ equity 2,648,079,389.30 2,786,481,774.02 138,402,384.72
Total of liabilities and
2,806,831,443.96 2,991,367,956.92 184,536,512.96
owners’ equity
Adjustment statement
In 2017, the Ministry of Finance promulgated revised Accounting Standards for Business Enterprises No.22 -
Recognition and Measurement of Financial Instruments (CK [2017] No.7), Accounting Standards for Business
Enterprises No.23 - Transfer of Financial Assets (CK [2017] No.8), Accounting Standards for Business
Enterprises No.24 - Hedge Accounting (CK [2017] No.9) and Accounting Standards for Business Enterprises
No.37 - Presentation of Financial Instruments (CK [2017] No.14). The Company will implement the
above-mentioned new financial accounting standards from 2019 onwards in January 1. According to the
convergence rules, the information of comparable periods will not be adjusted. On the first day, the differences
between the new standard and the original standard will be traced back, and the undistributed profits or other
comprehensive Income at the beginning of the reporting period will be adjusted.
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for
financial instruments and the new standards for lease implemented commencing from year 2019
□ Applicable √ Not applicable
III. Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.
42
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2019
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 30, 2019
43
