Shenzhen Textile (Holdings) Co., Ltd. Summary of the Semi-Annual Report 2022
Stock code: 000045, 200045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No.: 2022-30
Shenzhen Textile (Holdings) Co., Ltd.
Summary of the Semi-Annual Report 2022
I. Important notes
The summary is abstract from full-text of summary of the semi-annual report, for more details information,
investors should found in the full-text of annual report that published on website of Shenzhen Stock Exchange and
other website appointed by CSRC.
Non-standard auditor’s opinion
□ Applicable √Not applicable
Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the share
capital for the reporting period, which has been reviewed and approved at the board meeting
□ Applicable √Not applicable
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
Preliminary plan for profit distribution to the preference shareholders for the reporting period which has been
reviewed and approved at the board meeting
□ Applicable √Not applicable
II. Basic information about the company
1. Company profile
Stock abbreviation Shen Textile A, Shen Textile B Stock code 000045,200045
Stock exchange for listing Shenzhen Stock Exchange
Contact person and contact manner Board secretary Securities affairs Representative
Name Jiang Peng Li Zhenyu
6/F, Shenfang Building, No.3 Huaqiang 6/F, Shenfang Building, No.3 Huaqiang
Office Address
North Road, Futian District, Shenzhen North Road, Futian District, Shenzhen
Tel 0755-83776043 0755-83776043
E-mail jiangp@chinasthc.com lizy@chinasthc.com
2. Major accounting data and financial indicators
May the Company make retroactive adjustment or restatement of the accounting data of the previous years
□ Yes √ No
Reporting period Same period of last year YoY+/-（%）
Operating income（RMB） 1,445,137,309.09 1,101,536,407.38 31.19%
Net profit attributable to the
shareholders of the listed company 42,433,525.10 76,603,074.39 -44.61%
（RMB）
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Shenzhen Textile (Holdings) Co., Ltd. Summary of the Semi-Annual Report 2022
Net profit after deducting of
non-recurring gain/loss attributable to
the shareholders of listed company 34,970,975.47 61,814,528.89 -43.43%
（RMB）
Cash flow generated by business
79,438,234.59 -52,643,536.25 250.90%
operation, net（RMB）
Basic earning per share(RMB/Share) 0.0838 0.1509 -44.47%
Diluted gains per
0.0838 0.1509 -44.47%
share(RMB/Share)(RMB/Share)
Weighted average ROE(%) 1.50% 2.74% -1.24%
As at the end of the
As at the end of last year YoY+/-（%）
reporting period
Total assets（RMB） 5,690,609,337.03 5,496,647,107.83 3.53%
Net assets attributable to shareholder of
2,833,979,078.56 2,816,795,889.89 0.61%
listed company（RMB）
3.Shareholders and shareholding
In Shares
Total number of preferred
Total number of common
shareholders that had restored the voting
shareholders at the end of the 26,670 0
right at the end of the reporting period (if
reporting period
any) (note 8)
Particulars about shares held above 5% by shareholders or top ten shareholders
Number of share
Proportion Number of Amount of pledged/frozen
Shareholders
Nature of shareholder of shares shares held at restricted
held（%） period -end shares held State of
Amount
share
Shenzhen Investment Holdings Co.,
State-owned legal person 46.21% 234,069,436
Ltd.
Shenzhen Shenchao Technology State-owned
3.18% 16,129,032
Investment Co., Ltd. Legal person
Sun Huiming Domestic Nature person 1.19% 6,008,653
Deng Yan Domestic Nature person 1.17% 5,928,200
Su Weipeng Domestic Nature person 0.68% 3,423,010 Pledge 2,800,000
Zhang Muxiu Domestic Nature person 0.45% 2,298,800
Qi Jianhong Domestic Nature person 0.44% 2,218,800
Hou Xiulan Domestic Nature person 0.38% 1,946,191
Wang Zhongjing Domestic Nature person 0.37% 1,872,900
Li Zengmao Domestic Nature person 0.35% 1,760,097
Among the top 10 common shareholders, Shenzhen Investment
Holdings Co., Ltd. and Shenzhen Shenchao Technology
Investment Co., Ltd. do not constitute a concerted party
relationship. In addition, the company does not know whether
Explanation on shareholders participating in the margin trading
there is an associated relationship among the top 10 ordinary
business
shareholders, and between the top 10 ordinary shareholders and
the top 10 shareholders, or whether they are persons taking
concerted action defined in Administrative Measures for the
Acquisition of Listed Companies.
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Shenzhen Textile (Holdings) Co., Ltd. Summary of the Semi-Annual Report 2022
4.Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
5.Number of preference shareholders and shareholdings of top 10 of them
□ Applicable √ Not applicable
No preference shareholders in the reporting period
6 The status of bonds remaining on the date of approval of the semiannual report
□ Applicable √ Not applicable
III. significant events
1.Progress of polarizer industrialization project for ultra-large TV (Line 7)
During the reporting period, the technical indicators such as yield and loss rate of Line 7 improved month by
month, the production capacity increased, and the Company's operating performance improved month by month.
The main products of Line 7 have been verified by customers, the order volume has gradually increased, and the unit
manufacturing cost of products has gradually decreased. With the smooth progress of Line 7 ramp-up, it will have a
positive follow-up impact on the Company's operating performance.
2. Regarding the investment in the construction of the RTS rear cutting production line
In 2021, upon careful demonstration, the Company increased investment in the construction of a cutting
production line at the back-end of RTS, with a total investment of no more than RMB 30 million; As of June 30,
2022, the signed contract amount was RMB 25,402,400, and the actual payment was RMB 19,789,800; As of June
30, 2022, the Company has overcome the adverse effects caused by the pandemic. At present, the main equipment
of the project has been manufactured and mobilized, and the follow-up installation and commissioning are being
carried out in an orderly manner according to the construction and production schedule of the customer's production
line.
3. The disposal of assets of the joint venture company Xieli Automobilemobile Co., Ltd.
Shenzhen Xieli Automobilemobile 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 3.12 million yuan, 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. The industrial and commercial license of Shenzhen Xieli was cancelled in March 2020, but there are still
three properties under its name, the disposal of which is required to be resolved after further consultation between
the shareholders of both parties.
On July 26, 2021, the Company filed a lawsuit with Yantian District People's Court in Shenzhen City,
Guangdong Province to revoke the cancellation of Shenzhen Xieli Automobilemobile Enterprise Co., Ltd. approved
by Shenzhen Administration for Market Regulation on March 9, 2020, on which the court gave a judgment on
November 21, 2021 to revoke the cancellation of Shenzhen Xieli Automobilemobile Enterprise Co., Ltd. approved
by Shenzhen Administration for Market Regulation. On December 3 and December 6,2021, Hong Kong Xili and
Shenzhen Market Supervision Administration submitted appeals to the Shenzhen Intermediate People's Court,
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Shenzhen Textile (Holdings) Co., Ltd. Summary of the Semi-Annual Report 2022
respectively. On April 18, 2022, the Company received the notice of the second trial from Shenzhen Intermediate
People's Court. The case was heard in the second instance on April 27, 2022. The Shenzhen Intermediate People's
Court made the judgment on June 28, 2022: 1. Revoke the administrative judgment Y0308 XC No.1883 of the
People's Court of Yantian District, Shenzhen City, Guangdong Province (2021); II. Remand to Yantian District
People's Court, Shenzhen City, Guangdong Province for retrial. On July 22, 2022, the Company received the
summons from Yantian District People's Court, Shenzhen City, Guangdong Province, and the trial of this case is
scheduled on August 25, 2022.
4.Reduction of the rent of the Company's own property in response to COVID-19 pandemic
In order to jointly respond to the pandemic and actively fulfill social responsibilities, according to Several
Measures of Shenzhen on Further Helping Market Subjects to Solve Problems in Response to COVID-19 (SF [2022]
No.28) issued by Shenzhen Municipal Government, and in accordance with the relevant work requirements of
Shenzhen SASAC, the Company has formulated the implementation plan of rent reduction and exemption for the
self-own property of the Company and its wholly-owned enterprises, to tide over the difficulties with market
subjects and help win the war of epidemic prevention and control.
The impact of the property rent reduction of the Company and its wholly-owned enterprises on the Company's
operating income in 2022 is expected to be no more than RMB 30.35 million, accounting for about 1.3% of the
audited operating income in 2021; The impact on the Company's net profit attributable to its parent company in
2022 is estimated to be about RMB 30.24 million, accounting for about 49.4% of the audited net profit attributable
to its parent company in 2021. The impact of this rent reduction on the Company's operating income and net profit
attributable to its parent company in 2022 is the unaudited estimated data, which is only used by investors to
understand the impact of this rent reduction on the Company, and it's subject to the actual executed amount. For
details, please refer to the Company's announcement No. 2022-19 on CNINF (http://www.cninfo.com.cn).
5.The progress of the lawsuit of the Company and its holding subsidiaries v. Jinhang Fund v. SAPO
Photoelectric for dissolution dispute
In July 2022, the Company and its holding subsidiary SAPO Photoelectric respectively received the legal
documents such as Notice of Participation in Litigation, Notice of Respondence to Action, Summon and Civil
Complaint, with a case number of (2022) Y0310 MC No. 3507, served by Pingshan District People's Court,
Shenzhen City, Guangdong Province, and were informed that the court had accepted Hangzhou Jinhang Equity
Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Jinhang Fund") v. SAPO
Photoelectric for dissolution dispute, and the Company was informed to participate in the lawsuit as a party to the
case, and SAPO Photoelectric was informed to respond as the defendant to the case. For details, please refer to the
Company's Announcement No. 2022-20 on CNINF (http://www.cninfo.com.cn).
The case was heard in Pingshan District People's Court, Shenzhen City, Guangdong Province at 9: 30 on July 15,
2022, and no judgment has yet been made.
6.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 50 million yuan. SAPO Photoelectric, as one of the
limited partners of the industrial fund, subscribed for a capital contribution of 28.5 million yuan. 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).
In order to optimize the strategic layout and supplement the working capital, SAPO Photoelectric and
Hangzhou Yuanzhen Investment Management Co., Ltd. (hereinafter referred to as Yuanzhen Investment) signed the
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Shenzhen Textile (Holdings) Co., Ltd. Summary of the Semi-Annual Report 2022
Transfer Agreement on Property Share of Changxing Junying Equity Investment Partnership (Limited Partnership)
on July 11, 2022, and transferred the share of Changxing Fund held by SAPO Photoelectric to Yuanzhen Investment
at a transaction consideration of RMB 28.5 million. After this property share transfer, the Company will withdraw
from Changxing Fund and no longer hold the partnership share of Changxing Fund. For details, please refer to the
Company's Announcement No.2022-21 on Juchao Information Network (http://www.cninfo.com.cn).
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
August 25, 2022
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