Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
Stock code: 000045,200045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No. :2021-59
Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2021
The members of the Board and the Company acknowledge being responsible for the truthfulness, accuracy, and
completeness of the announcement. Not any false record, misleading statement or significant omission carried in
this announcement.
Important content reminder:
1.The Board of Directors, The Supervisory Committee, the supervisors and the directors of the Company
guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and we
will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report.
2. Principal of the Company, Person in Charge of Accounting Works and Person in Charge of Accounting Organ
(Accounting Officer) hereby confirm that the Financial Report of the Third Quarterly Report is authentic, accurate
and complete.
3. Whether the Third Quarterly Report has been audited or not
□Yes √No
4. This Report has been prepared in both Chinese and English, in case any discrepancy, the Chinese version shall
prevail.
I. Main financial data
(I) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Increase/decrease from
Increase/decrease in the
year-begin to period-end
period compared with the Year-begin to
This period compared with the same
same period of the previous period-end
period of the previous
year
year
Operating income（Yuan） 570,752,050.04 -7.44% 1,672,288,457.42 13.53%
Net profit attributable to
the shareholders of the 4,921,591.39 -80.10% 81,524,665.78 220.38%
listed company（Yuan）
Net profit after deducting
of non-recurring
gain/loss attributable to 815,872.77 -96.07% 62,630,401.66 358.40%
the shareholders of listed
company（Yuan）
Cash flow generated by
business operation, net —— —— -67,619,943.80 -35.64%
（Yuan）
Basic earning per
0.0097 -80.08% 0.1608 221.60%
share(Yuan/Share)
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
Diluted gains per
0.0097 -80.08% 0.1608 221.60%
share(Yuan/Share)
Weighted average return
0.17% -81.11% 2.91% 1.98%
on equity（%）
Increase/decrease at the period-end compared
End of this period End of last period
with the end of the previous year
Gross assets（Yuan） 5,449,740,850.61 4,969,547,552.23 9.66%
Net assets attributable to
the shareholders of the 2,827,318,581.92 2,766,234,174.39 2.21%
listed company（Yuan）
（II)Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin
Items This period Notes
to period -end
Non-current asset disposal gain/loss(including the
write-off part for which assets impairment -2,000.00 -2,055.96
provision is made)
Governmental Subsidy accounted as current
gain/loss, except for those subsidies at with Other benefits of government
amount or quantity fixed by the national 6,834,233.47 15,598,802.48 subsidies that are confirmed
government and closely related to the Company’s related to the main business.
business operation.
It is mainly for carrying forward
Net amount of non-operating income and expense
-124,649.13 19,967,824.33 unpaid payables and insurance
except the aforesaid items
claims income.
Less :Influenced amount of income tax 135,280.09 4,496,099.20
Influenced amount of minor shareholders’ equity
2,466,585.63 12,174,207.53
(after tax)
Total 4,105,718.62 18,894,264.12 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
□ Applicable √ Not applicable
The Company does not have other gain/loss items that qualified the definition of non-recurring profit
(gains)/losses
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure
for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q &A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as
recurring gain/loss
(III) Particulars about changes in items of main accounting data and financial index and explanations of
reasons
√ Applicable □Not applicable
In the first third quarters of 2021, the Company realized the net profit attributable to shareholders of the
listed company of RMB 81.5247 million , an increase of 220.38% over the same period last year. The main
reasons were: first, the market for polarizers continued to improve in this year, the Company further optimized the
order structure, and the average gross profit margin steadily increased; second, in the same period last year, the
Company responded to the new coronavirus epidemic and supported companies to overcome difficulties, and the
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
Company actively responded to the call of the Shenzhen Municipal Party Committee and the State-owned Assets
Supervision and Administration Commission for some tenants’ rents in February and March of 2020 to be reduced
or exempted, however the rental income for the current period increased significantly YOY.
In the third quarter of 2021, the Company realized the net profit attributable to shareholders of the listed
company of RMB 4,921,600 , a decrease of 80.10% from the same period last year. It’s mainly due to the
Company's ultra-large-size TV polarizer project (line 7) was still in a ramping period after mass production in July
this year, coupled with the depreciation and amortization of fixed assets, resulting in high unit manufacturing
costs; Meanwhile, the Company increased the R&D investment, resulting in a certain impact on the Company's
third quarter performance. With the advancement of the ramp-up of Line 7 and the release of production capacity,
it will boost the Company's operating performance.
Operaing
Ending balance
Items balance(RMB Changes ratio Reasons of changes
(RMB 10,000)
10,000)
Monetary funds 17,165.78 27,908.72 -38.49% Mainly due to the investment in Line 7 project.
Mainly due to the decrease in acceptance of bills payment
Notes receivable 934.00 1,681.00 -44.44% by customers for the sales of polarizer's during the reporting
period.
Mainly due to the increase in prepayment for materials
Prepayments 5,709.00 1,690.00 237.81%
during the reporting period.
Mainly due to the increased purchase of raw materials for
Inventories 68,870.00 48,085.00 43.23%
stocking.
Construction in Mainly due to the "fixed assets" turned by the Line 7 project
2,555.00 130,175.00 -98.04%
process as it reached the expected usable state
Mainly due to the "fixed assets" turned by the Line 7 project
Fixed assets 249,442.00 79,018.00 215.68%
as it reached the expected usable state
Mainly due to the amortization of newly added boiler heat
Long-germ expenses
504.00 288.00 75.00% transfer oil, pure water level 1 reverse osmosis, RTO
to be amortized pipeline maintenance and other items in the current period.
Mainly due to the certified input tax to be deducted and
Other current assets 9,576.00 14,331.00 -33.18% therefore transferred to the tax payable during the reporting
period.
Mainly due to the increase in loans for Line 7 project during
Long-term loans 66,030.00 34,310.00 92.45%
the reporting period
Shares in stock 0.00 753.00 -100.00% Mainly due to the repurchase of the restricted stocks.
Retained profit 15,324.00 8,691.00 76.32% Mainly due to earning a profit during the reporting period.
Amount at the
Amount at the
same period of
Items period（RMB Changes ratio Reasons of changes
last year(RMB
10,000)
10,000)
Mainly due to the increase in research and development
R & D Cost 7,285.00 4,057.00 79.57%
expenditures in the current period.
Mainly due to the sharp decline in the yen exchange rate
Financial expenses -168.00 270.00 -162.22% during the reporting period and the substantial increase in
exchange gains.
Credit impairment Mainly due to the receivable accounts recovered in the
-319.00 -927.00 -65.59%
loss current period and the reversal of bad debt provisions.
Mainly due to the profitability of the polarizer business
Operating profit 10,414.00 3,076.00 238.56%
during the reporting period.
Non-operating Insurance claims received in the current period, while none
2,054.00 4.00 51250.00%
income in the same period last year.
Non-operating
57.00 12.00 375.00% Scrapped fixed assets increased YOY in the current period.
expense
Mainly due to the profitability of the polarizer business
Total profit 12,410.00 3,068.00 304.50%
during the reporting period.
Mainly due to the profitability of the polarizer business
Net profit 8,152.00 2,545.00 220.31%
during the reporting period.
Net cash flow Mainly due to the increase in the purchase of polarizer
generated by -6,761.99 -4,985.11 35.64% materials in the current period, which led to an increase in
operating activities the payment of customs deposits.
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
Net cash flow Mainly due to the increase of the investment of Line 7 and
generated by -31,611.19 -15,672.56 101.70% in purchases of currency funds and wealth management
investment activities products during the reporting period.
II. Shareholders Information
(I) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
In shares
Total preference shareholders
Total number of common shareholders at the with the voting power
25,999 0
period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Share tradable shares
Properties of
Shareholder name proportion Quantity Status of the
shareholder Quantity
% with Conditional shares
held
Shenzhen Investment Holdings State-owned
46.21% 234,069,436
Co., Ltd. legal person
Shenzhen Shenchao Technology State-owned
3.18% 16,129,032
Investment Co., Ltd. legal person
Domestic
Sun Huiming 1.09% 5,529,653
Nature person
Domestic
Deng Yan 0.78% 3,953,800
Nature person
Domestic
Su Weipeng 0.56% 2,823,066 Pledge 2,800,000
Nature person
Domestic
Qi Jianhong 0.43% 2,199,800
Nature person
Domestic
Li Zengmao 0.41% 2,078,697
Nature person
Domestic
Shen Zhenxing 0.39% 1,963,300
Nature person
Domestic
Wang Zhongjing 0.35% 1,779,000
Nature person
Domestic
Hou Xiulan 0.34% 1,717,991
Nature person
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the Share type
Name of the shareholder
end of the reporting period Share type Quantity
RMB Common
Shenzhen Investment Holdings Co., Ltd. 234,069,436 234,069,436
shares
Shenzhen Shenchao Technology Investment Co., RMB Common
16,129,032 16,129,032
Ltd. shares
Foreign shares
Sun Huiming 5,529,653 placed in domestic 5,529,653
exchange
RMB Common
Deng Yan 3,953,800 3,953,800
shares
RMB Common
Su Weipeng 2,823,066 2,823,066
shares
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
RMB Common
Qi Jianhong 2,199,800 2,199,800
shares
RMB Common
Li Zengmao 2,078,697 2,078,697
shares
RMB Common
Shen Zhenxing 1,963,300 1,963,300
shares
RMB Common
Wang Zhongjing 1,779,000 1,779,000
shares
RMB Common
Hou Xiulan 1,717,991 1,717,991
shares
Among the top 10 common shareholders, Shenzhen Investment Holdings Co.,
Ltd. and Shenzhen Shenchao Technology Investment Co., Ltd. do not constitut
e a concerted party relationship. In addition, the company does not know whet
Related or acting-in-concert parties among her there is an associated relationship among the top 10 ordinary shareholders,
shareholders above and between the top 10 ordinary shareholders and the top 10 shareholders, or
whether they are persons taking concerted action defined in Regulations on Di
sclosure of Information about Shareholding of Shareholders of Listed Compan
ies.
Participation of top 10 unconditional common share The Company Shareholder Hou Xiulan holds 1,717,991 shares of the
shareholders in securities margin trading (if any) Company through stock account with credit transaction;
(II) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
III. Other significant events
√ Applicable □ Not applicable
(I) Progress of polarizer industrialization project for ultra-large TV (Line 7)
During the reporting period, the company strengthened the staffing and resource guarantee to overcome the
adverse effects caused by the epidemic situation. The Line 7 project was officially put into production in July. As
of the disclosure date of this report, the Line 7 project is in a ramp-up period.
On March 16, 2021, all the funds raised from the special account for raising funds of Line 7 project have been
used up according to regulations, and the company has canceled the special account for raising funds. For details,
please refer to Announcement No.2021-30 of cninfo (http://www.cninfo.com.cn).
As of September 30, 2021, the accumulated signed contract amount of Line 7 project was RMB 2,091.2036
million, and the actual payment was RMB 1,992.8241 million (with raised funds of RMB 409.9535 million, and
its own funds and government funds of RMB 1,582.8706 million).
(II) Progress in subsidiaries participating in the establishment of industrial funds
On November 16, 2017, the company's controlling subsidiary SAPO Photoelectric 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 Photoelectric, 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, 2021, Changxing Junying had accumulated 3 investment projects with a total investment
of RMB 42 million.
No Name Investment Fund contribution
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
（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
(III) Matters on liquidation and cancellation of Shenzhen Textile Import & Export Co., Ltd.
On July 13, 2021, the company held the fifth meeting of the eighth board of directors to review and approve the
Proposal on Liquidation and Cancellation of Shenzhen Textile Import & Export Co., Ltd., and agreed on the
Liquidation Report of Shenzhen Textile Import & Export Co., Ltd.. completed by the liquidation group, and
liquidated and distributed its assets in accordance with legal procedures, and completed formalities such as
industrial and commercial cancellation. The liquidation and cancellation of Shenzhen Textile Import & Export Co.,
Ltd. (hereinafter referred to as "Shenzhen Textile Import & Export") will change the scope of the company's
consolidated financial statements, facilitate the disposal of inefficient assets, reduce management costs, and will
not affect the company's production and operation. The impact of the cancellation of Shenzhen Textile Import &
Export in this liquidation on the current profits and losses is estimated to be RMB 7.64 million, and the actual
amount is subject to the results confirmed by the annual audit of the audit institution. For details, please refer to
the Announcement on Liquidation and Cancellation of Shenzhen Textile Import & Export. (No.2021-45) issued by
Juchao Information Network (http://www.cninfo.com.cn).
As of the disclosure date of this report, the Company has received the "Enterprise Cancellation Notice" issued
by the Shenzhen Municipal Market Supervision and Administration Bureau, and the cancellation procedures of
Shenzhen Textile Import & Export have been completed.
(IV) Matters on the listing and leasing of some properties in Block C of Shenzhen Textile Building
On July 13, 2021, the company held the fifth meeting of the eighth board of directors to review and approve the
Proposal on Listing and Leasing Some Properties in Block C of Shenzhen Textile Building, and agreed that the
company will publicly list and lease 6,100 square meters of properties of the 8F-10F and 1F lobby of Block C of
Shenzhen Textile Building through Shenzhen United Property and Share Rights Co., Ltd., with a lease term of 10
years (including a rent-free period of 6 months), and the rental price is not lower than 85 yuan/㎡/month
(including property management fee). The rent will increase by 5% every three years from the date of contract
conclusion, and the final transaction price will be determined according to the listing result. The listing and
leasing of some properties in Block C of Shenzhen Textile Building has shifted the market risk from self-operated
hotels to brand hotel operators through overall external leasing, which is conducive to improving the overall
operational efficiency of the company's assets, reducing operational risks, bringing stable rental income to the
company and helping to realize the preservation and appreciation of state-owned assets. For details, please refer to
the Announcement of Resolutions of the Fifth Meeting of the Eighth Board of Directors of the company
(No.2021-44) on Juchao Information Network (http://www.cninfo.com.cn).
As of the disclosure date of this report, the Company has signed a lease contract with the lessee based on the
listing result, and the leasing of the properties has been completed.
(V) The disposal of assets of the joint venture company Xieli Automobile Co., Ltd.
Shenzhen Xieli Automobile Enterprise Co., Ltd. (hereinafter referred to as "Shenzhen Xieli") is a Sino-foreign
joint venture invested and established by the company and Hong Kong Xieli Maintenance Company in 1981, with
a registered capital of RMB 3.12 million, and the company holds 50% of the equity. The company's operating
period ended in 2008, and its business license was revoked in 2014. The company's main asset is real estate. Up to
now, the company has received RMB 25.76 million. This matter has no impact on the company’s profit and loss.
According to the professional opinions and suggestions of the law firm, the Company actively negotiates with
other shareholders of Shenzhen Xieli on the cancellation of Shenzhen Xieli Company, meanwhile, the Company
has entrusted a lawyer to promote the settlement of related issues through legal channels. The company will
promptly follow the follow-up progress. Fulfill information disclosure obligations.
(VI) Matters on waiver of preemption right and equity transfer of holding subsidiaries
On November 27, 2020, the company received the "Letter" sent by Jinjiang Group, informing the company in
writing that it intends to acquire the 40% equity of SAPO Photoelectric held by Hangzhou Jinhang Equity
Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Jinhang Investment"); On
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
December 21, 2020, the company received the Notice of Equity Transfer from Jinhang Investment, informing the
company in writing that Jinhang Investment intends to transfer its 40% equity of SAPO Photoelectric, and
according to the Company Law of the People's Republic of China and the Articles of Association of Shenzhen
SAPO Photoelectric Technology Co., Ltd., it specially sought the company's opinions on the transfer matters.
On December 25, 2020, after research and decision-making, the company formally replied to Jinhang
Investment, and the company gave up the preemptive right to exercise the 40% equity of SAPO Photoelectric, the
holding subsidiary of the company held by Jinhang Investment. For details, please refer to the Announcement on
Waiver of Preemptive Rights of Holding Subsidiaries (No.2020-57) on Juchao Information Network
(http://www.cninfo.com.cn) on December 26, 2020.
In July 2021, the company received the Letter from Jinjiang Group, informing the company about the progress
of the above-mentioned equity transfer: Jinhang Investment and the intended transferee Suzhou Advantage Ford
Investment Center (Limited Partnership) (hereinafter referred to as "Advantage Ford") have completed their
internal decision-making examination and approval, and the delivery conditions for Advantage Ford to accept 100%
of the partnership share of Jinhang Investment have been met, and both parties will promote the transfer of the
partnership share. After the completion of the transfer procedure, Advantage Ford will directly hold 99.93333% of
the partnership share of Jinhang Investment; Meanwhile, Zhejiang Hengjie Industrial Co., Ltd. indirectly holds a
partnership share of 0.06667% of Jinhang Investment. As of July 28, 2021, for the above equity transfer, the
industrial and commercial change registration procedures have been completed. After the completion of this
equity transfer, the shareholders and equity ratio of SAPO Photoelectric, the holding subsidiary of the company,
remain unchanged, and the scope of the consolidated statements of the company has not changed. Advantage Ford
holds 40% equity of SAPO Photoelectrics through Jinhang Investment, and the strategic investor of SAPO
Photoelectric will be changed from Jinjiang Group to Advantage Ford. Advantage Ford has rich industrial
resources, industrial investment and management experience, and both parties will give full play to their
respective advantages to further improve and strengthen the main business of polarizer. For details, please refer to
the Progress Announcement on Waiver of Preemptive Rights and Equity Transfer of Holding Subsidiaries
(No.2021-47) on Juchao Information Network (http://www.cninfo.com.cn).
Announcement Date of disclosure Website for disclosure
Regarding waving the preemptive right of December 26,2020 http//www.cninfo.com.cn. Announcement No.:2020-57
holding subsidiaries to purchase the equity
in the transfer of equity July 28,2021 http//www.cninfo.com.cn. Announcement No.: 2021-47
IV. Quarterly financial statements
（I）Financial statement
1. Consolidated balance sheet
Prepared by: Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items September 30,2021 December 31,2020
Current asset：
Monetary fund 171,657,846.21 279,087,236.95
Settlement provision
Outgoing call loan
Transactional financial assets 674,113,516.87 684,617,260.06
Derivative financial assets
Notes receivable 9,336,889.37 16,813,657.28
Account receivable 497,847,776.11 547,310,217.90
Financing receivable 110,450,952.65 102,051,314.08
Prepayments 57,086,881.48 16,902,516.39
Insurance receivable
Reinsurance receivable
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
Provisions of Reinsurance contracts receivable
Other account receivable 125,239,026.80 5,265,002.71
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 688,703,515.15 480,847,581.44
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 77,482,083.47
Total of current assets 2,334,436,404.64 2,210,376,870.28
Non-current assets：
Loans and payment on other’s behalf disbursed
Creditor's Investment
Other Creditor's Investment
Long-term receivable
Long term share equity investment 131,953,410.51 147,929,137.23
Other equity instruments investment 188,523,588.28 190,607,427.54
Other non-current financial assets 28,500,000.00 30,650,943.40
Property investment 107,514,093.97 110,572,471.92
Fixed assets 2,494,421,888.86 790,183,905.38
Construction in progress 25,547,842.12 1,301,750,141.12
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 35,772,084.40 36,048,978.91
Development expenses
Goodwill
Long-germ expenses to be amortized 5,042,987.32 2,876,561.53
Deferred income tax asset 2,268,464.24 5,243,425.26
Other non-current asset 95,760,086.27 143,307,689.66
Total of non-current assets 3,115,304,445.97 2,759,170,681.95
Total of assets 5,449,740,850.61 4,969,547,552.23
Current liabilities
Short-term loans
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 7,669,508.44
Account payable 408,978,880.37 329,468,601.90
Advance receipts 2,928,999.85 3,542,394.33
Contract liabilities 115,090.96 279,631.27
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
Entrusted selling of securities
Employees’ wage payable 54,321,126.68 55,642,549.53
Tax payable 9,920,533.30 12,198,522.02
Other account payable 139,181,376.73 156,118,440.42
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year
Other current liability
Total of current liability 623,115,516.33 557,250,139.47
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 660,298,055.62 343,100,174.35
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income 114,619,577.28 110,740,322.21
Deferred income tax liability 58,844,468.45 59,141,666.58
Other non-current liabilities
Total non-current liabilities 833,762,101.35 512,982,163.14
Total of liability 1,456,877,617.68 1,070,232,302.61
Owners’ equity
Share capital 506,521,849.00 507,772,279.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 1,961,599,824.63 1,967,514,358.53
Less：Shares in stock 7,525,438.20
Other comprehensive income 111,000,855.34 116,605,932.42
Special reserve
Surplus reserves 94,954,652.14 94,954,652.14
Common risk provision
Retained profit 153,241,400.81 86,912,390.50
Total of owner’s equity belong to the parent
2,827,318,581.92 2,766,234,174.39
company
Minority shareholders’ equity 1,165,544,651.01 1,133,081,075.23
Total of owners’ equity 3,992,863,232.93 3,899,315,249.62
Total of liabilities and owners’ equity 5,449,740,850.61 4,969,547,552.23
Legal Representative: Zhang Jian Person in charge of accounting: He Fei Accounting Dept Leader: Zhu Jingjing
9
Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
2. 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 1,672,288,457.42 1,472,945,950.97
Including：Operating income 1,672,288,457.42 1,472,945,950.97
Interest income
Insurance fee earned
Commission charge and commission income
II. Total operating costs 1,567,461,441.79 1,425,570,772.57
Including ：Operating costs 1,379,262,086.65 1,283,739,152.30
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 8,269,997.28 4,923,633.41
Sales expense 29,460,382.12 24,800,348.73
Administrative expense 79,307,075.50 68,842,342.28
R & D expense 72,845,148.60 40,565,492.91
Financial expenses -1,683,248.36 2,699,802.94
Including：Interest expense 6,633,474.73 230,028.92
Interest income -1,296,753.78 -3,422,921.76
Add：Other income 15,598,802.48 19,189,814.08
Investment gain（“-”for loss） 14,814,120.81 17,794,208.51
Including: investment gains from affiliates -1,136,505.95 -3,520,801.17
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 1,670,362.39
Credit impairment loss -3,185,779.89 -9,265,693.91
Impairment loss of assets -29,586,926.60 -44,600,057.88
Assets disposal income -2,055.96 262,826.07
III. Operating profit（“-”for loss） 104,135,538.86 30,756,275.27
Add ：Non-operating income 20,541,381.97 43,859.98
Less: Non-operating expense 573,557.64 124,313.63
IV. Total profit(“-”for loss) 124,103,363.19 30,675,821.62
Less：Income tax expenses 10,115,121.63 8,699,018.09
V. Net profit 113,988,241.56 21,976,803.53
(I) Classification by business continuity
1.Net continuing operating profit 113,988,241.56 21,976,803.53
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of parent company 81,524,665.78 25,446,148.57
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
2.Minority shareholders’ equity 32,463,575.78 -3,469,345.04
VI. Net after-tax of other comprehensive income -5,605,077.08 2,037,591.90
Net of profit of other comprehensive income attributable to owners
-5,605,077.08 2,037,591.90
of the parent company.
（I）Other comprehensive income items that will not be
-1,562,879.45 2,018,288.05
reclassified into gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net deb
t or net assets
2.Other comprehensive income under the equity method investe
e can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
-1,562,879.45 2,018,288.05
instruments
4. Changes in the fair value of the company’s credit risks
5.Other
(II)Other comprehensive income that will be reclassified into profit
-4,042,197.63 19,303.85
or loss
1.Other comprehensive income under the equity method investe
e can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
3. Other comprehensive income arising from the reclassification
of financial assets
4.Allowance for credit impairments in investments in other debt
obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statements -4,042,197.63 19,303.85
7.Other
Net of profit of other comprehensive income attributable to Minority
shareholders’ equity
VII. Total comprehensive income 108,383,164.48 24,014,395.43
Total comprehensive income attributable to the owner of the parent
75,919,588.70 27,483,740.47
company
Total comprehensive income attributable minority shareholders 32,463,575.78 -3,469,345.04
VIII. Earnings per share
(I)Basic earnings per share 0.1608 0.0500
(II)Diluted earnings per share 0.1608 0.0500
Legal Representative: Zhang Jian Person in charge of accounting：He Fei Accounting Dept Leader: Zhu Jingjing
3. 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 rending of services 1,666,106,504.72 1,279,089,802.91
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
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
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 8,987,999.63 91,793,042.68
Other cash received from business operation 72,639,079.51 126,958,254.84
Sub-total of cash inflow 1,747,733,583.86 1,497,841,100.43
Cash paid for purchasing of merchandise and services 1,386,893,620.51 1,270,741,207.87
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 189,814,822.46 125,654,764.15
Taxes paid 49,537,771.43 46,545,448.93
Other cash paid for business activities 189,107,313.26 104,750,813.16
Sub-total of cash outflow from business activities 1,815,353,527.66 1,547,692,234.11
Net cash generated from /used in operating activities -67,619,943.80 -49,851,133.68
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 12,017,436.95 10,594,307.85
Net cash retrieved from disposal of fixed assets, intangible assets,
83,120.00 2,759,867.00
and other long-term assets
Net cash received from disposal of subsidiaries or other operational
units
Other investment-related cash received 992,245,903.18 2,784,072,842.49
Sub-total of cash inflow due to investment activities 1,004,346,460.13 2,797,427,017.34
Cash paid for construction of fixed assets, intangible assets and
363,083,404.85 415,152,615.95
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 activities 957,374,977.65 2,539,000,000.00
Sub-total of cash outflow due to investment activities 1,320,458,382.50 2,954,152,615.95
Net cash flow generated by investment -316,111,922.37 -156,725,598.61
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from minor shareholders
Cash received as loans 316,639,000.00 254,600,000.00
Other financing –related cash received
Sub-total of cash inflow from financing activities 316,639,000.00 254,600,000.00
Cash to repay debts
Cash paid as dividend, profit, or interests 30,808,915.80 577,232.24
Including: Dividend and profit paid by subsidiaries to minor
shareholders
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Shenzhen Textile (Holdings) Co., Ltd. The Third Quarterly Report 2021
Other cash paid for financing activities 7,820,298.30 9,341,774.70
Sub-total of cash outflow due to financing activities 38,629,214.10 9,919,006.94
Net cash flow generated by financing 278,009,785.90 244,680,993.06
IV. Influence of exchange rate alternation on cash and cash
-957,310.47 862,495.62
equivalents
V.Net increase of cash and cash equivalents -106,679,390.74 38,966,756.39
Add: balance of cash and cash equivalents at the beginning of term 278,337,236.95 268,646,588.18
VI ..Balance of cash and cash equivalents at the end of term 171,657,846.21 307,613,344.57
(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 2021
□ Applicable √ Not applicable
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 2021
□ Applicable √ Not applicable
（III）Audit report
Is the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 30,2021
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