ShenzhenTextile(Holdings)Co.,Ltd.
TheThirdQuarterlyReport2020
October2020
IImportantNoticeTheBoardofDirectors,SupervisoryCommittee,alldirectors,supervisorsandseniorexecutivesoftheCompanyherebyguaranteesthattherearenomisstatement,misleadingrepresentationorimportantomissionsinthisreportandshallassumejointandseveralliabilityfortheauthenticity,accuracyandcompletenessofthecontentshereof.AllthedirectorsattendedtheboardmeetingforreviewingtheQuarterlyReport.Mr.ZhuJun,PersoninchargeoftheCompany,Mr.HeFei,ChieffinancialofficerandtheMs.MuLinying,thepersoninchargeoftheaccountingdepartment(thepersoninchargeoftheaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisQuarterlyReport.ThisReporthasbeenpreparedinbothChineseandEnglish,incaseanydiscrepancy,theChineseversionshallprevail.
IIBasicInformationoftheCompany
1.MainfinancialdataandfinancialindexIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
InRMB
Asattheendofthe
reportingperiod
| Asattheendofthereportingperiod | Asattheendoflastyear | Changed（%）overendofprev.year | ||||
| Grossassets（Yuan） | 4,760,429,824.39 | 4,531,399,885.99 | 5.05% | |||
| Netassetsattributabletotheshareholdersofthelistedcompany（Yuan） | 2,754,887,410.53 | 2,727,764,144.36 | 0.99% | |||
| Reportingperiod | Increase/decreaseoverthesameperiodoflastyear（%） | Betweenbeginningoftheyeartotheendofthereportperiod | Changed（%）overendofprev.year | |||
| Operatingrevenue（Yuan） | 616,632,602.23 | -2.38% | 1,472,945,950.97 | -10.21% | ||
| Netprofitattributabletotheshareholdersofthelistedcompany（Yuan） | 24,726,413.83 | 172.89% | 25,446,148.57 | 50.63% | ||
| Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany（Yuan） | 20,780,909.95 | 1,447.56% | 13,662,964.52 | 213.00% | ||
| Netcashgeneratedfrom/usedinoperatingactivities（Yuan） | 85,768,341.55 | -67.35% | -49,851,133.68 | -117.40% | ||
| Basicearningpershare(Yuan/Share) | 0.0487 | 173.60% | 0.0500 | 51.06% | ||
| Dilutedgainspershare(Yuan/Share) | 0.0487 | 173.60% | 0.0500 | 51.06% | ||
| Weightedaveragereturnonequity（%） | 0.90% | 0.53% | 0.93% | 0.25% | ||
Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMB
| Items | Amount(Year-beginningtotheendofthereportperiod.) | Notes |
Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade)
| Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade) | 262,826.07 | |
| Govemmentsubsidyrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies) | 19,189,814.08 | |
| Othernon-operatingincomeandexpenditureexceptfortheaforementioneditems | -80,453.65 | |
| Less:Amountofinfluenceofincometax | 129,760.77 | |
| Amountofinfluenceofminorityinterests（Aftertax） | 7,459,241.68 | |
| Total | 11,783,184.05 | -- |
FortheCompany’snon-recurringgain/lossitemsasdefinedintheExplanatoryAnnouncementNo.1oninformationdisclosureforCompaniesOfferingtheirSecuritiestothePublic-Non-recurringGainsandLossesanditsnon-recurringgain/lossitemsasillustratedintheExplanatoryAnnouncementNo.1oninformationDisclosureforCompaniesofferingtheirsecuritiestothepublic-non-recurringGainsandlosseswhichhavebeendefinedasrecurringgainsandlosses,itisnecessarytoexplainthereason.
□Applicable√NotapplicableNoneofNon-recurringgain/lossitemsrecognizedasrecurringgain/loss/itemsasdefinedbytheinformationdisclosureexplanatoryAnnouncementNo.1-Non–recurringgain/lossinthereportperiod.
2.TotalShareholdersandSharesHeldbyTopTenShareholdersattheEndoftheReportingPeriod
(1)AboutTotalCommonShareholders,TotalPreferenceShareholderswiththeVotingPowerRecoveredandtheSharesHeldbyTopTenCommonShareholders
Inshares
| Totalnumberofcommonshareholdersattheperiod-end | 29,807 | Totalpreferenceshareholderswiththevotingpowerrecoveredattheendofthereportingperiod(ifany) | 0 | |||||
| Sharesheldbythetop10shareholders | ||||||||
| Shareholdername | Propertiesofshareholder | Shareproportion% | Quantity | AmountoftradableshareswithConditionalheld | Pledgingorfreezing | |||
| Statusoftheshares | Quantity | |||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | State-ownedlegalperson | 45.96% | 234,069,436 | |||||
| ShenzhenShenchaoTechnologyInvestmentCo.,Ltd. | State-ownedLegalperson | 3.17% | 16,129,032 | |||||
SunHuiming
| SunHuiming | DomesticNatureperson | 0.63% | 3,224,767 | ||||
| SuWeipeng | DomesticNatureperson | 0.55% | 2,823,066 | ||||
| DengYan | DomesticNatureperson | 0.45% | 2,277,700 | ||||
| DaiGuangxia | DomesticNatureperson | 0.34% | 1,720,600 | ||||
| WangZhongjing | DomesticNatureperson | 0.33% | 1,671,700 | ||||
| HouXiulan | DomesticNatureperson | 0.32% | 1,612,591 | ||||
| LiZengmao | DomesticNatureperson | 0.31% | 1,590,097 | ||||
| ShenZhenxing | DomesticNatureperson | 0.29% | 1,455,300 | ||||
| Shareholdingoftop10shareholdersofunrestrictedshares | |||||||
| Nameoftheshareholder | Quantityofunrestrictedsharesheldattheendofthereportingperiod | Sharetype | |||||
| Sharetype | Quantity | ||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 234,069,436 | RMBCommonshares | |||||
| ShenzhenShenchaoTechnologyInvestmentCo.,Ltd. | 16,129,032 | RMBCommonshares | |||||
| SunHuiming | 3,224,767 | Foreignsharesplacedindomesticexchange | |||||
| SuWeipeng | 2,823,066 | RMBCommonshares | |||||
| DengYan | 2,277,700 | RMBCommonshares | |||||
| DaiGuangxia | 1,720,600 | RMBCommonshares | |||||
| WangZhongjing | 1,671,700 | RMBCommonshares | |||||
| HouXiulan | 1,612,591 | RMBCommonshares | |||||
| LiZengmao | 1,590,097 | RMBCommonshares | |||||
| ShenZhenxing | 1,455,300 | RMBCommonshares | |||||
| Relatedoracting-in-concertpartiesamongshareholdersabove | ShenzhenShenchaoTechnologyInvestmentCo.,Ltd.isawholly-ownedsubsidiaryofShenzhenInvestmentHoldingsCo.,Ltd.,AccordingtothedecisionoftheState-ownedAssetsSupervisionandAdministrationCommissionofShenzhenMunicipalPeople'sGovernment,ShenzhenShenchaoTechnologyInvestmentCo.,LtdwastransferredtoShenzhenMajorIndustrialInvestmentGroupCo.,LtdinJune2019.ShenzhenInvestmentHoldingsCo.,LtdandShenzhenShenchaoTechnologyInvestmentCo.,LtdarebothcontrolledbytheState-ownedAssetsSupervisionandAdministrationCommissionoftheShenzhenMunicipalPeople'sGovernment.Exceptthis,theCompanydidnotwhetherthereisrelationshipbetweenthetoptenshareholdersholdingnon-restrictednegotiablesharesandbetweenthetoptenshareholdersholdingnon-restrictednegotiablesharesandthetop10shareholdersorwhethertheyarepersonstakingconcertedactiondefinedinRegulationsonDisclosureofInformationaboutShareholding | ||||||
ofShareholdersofListedCompanies.
| ofShareholdersofListedCompanies. | |
| Explanationonshareholdersparticipatinginthemargintradingbusiness(ifany) | TheCompanyShareholderDaiGuangxiaholds200,600sharesoftheCompanythroughstockaccountwithcredittransaction; |
Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-backagreementdealinginreportingperiod.
□Yes√NoThetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompanyhavenobuy–backagreementdealinginreportingperiod.
(2)Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod
□Applicable√Notapplicable
IIISignificantEvents
1.Majorchangesofmainaccountingstatementitemsandfinancialindicatorsinthereportingperiod,aswellasreasonsforthechanges
√Applicable□Notapplicable
Items
| Items | September30,2020（InRMB10,000) | January1,2020（InRMB10,000) | Scaleofchange | Causesofchange |
| Accountsreceivable | 53,008.74 | 36,532.50 | 45.10% | Duetotheincreaseinsalesofpolarizers. |
| Otherreceivables | 806.66 | 1,244.08 | -35.16% | Duetothedecreaseininterestreceivableinthecurrentperiod. |
| Othercurrentassets | 8,416.89 | 14,082.16 | -40.23% | Duetotheinputtaxtobedeductedforcertification,transferredtothetaxpayable. |
| Constructioninprogress | 122,245.46 | 83,986.63 | 45.55% | DuetotheincreasedinvestmentintheLine7projectduringthecurrentperiod. |
| Advancereceipt | 1,883.22 | 3,053.01 | -38.32% | Duetotheimplementationofthe"NewIncomeStandards"inthecurrentperiodtoreclassifythisitemtocontractliabilitiesandreturntheadvancetradepayment. |
| Taxespayable | 1,056.88 | 2,254.56 | -53.12% | Duetothesettlementandpaymentofcorporateincometaxofthepreviousyearinthisperiod. |
| Longtermloan | 25,460.00 | 0.00 | - | DuetotheloanforthenewlyaddedLine7projectinthisperiod. |
| Treasurystock | 752.54 | 1,613.90 | -53.37% | Duetothefulfillmentofrestrictedstockrepurchaseobligations. |
| Undistributedprofit | 7,475.39 | 4,930.78 | 51.61% | Duetoprofitduringthereportingperiod. |
| Items | Amountincurredinthereportingperiod（InRMB10,000) | Amountincurredinthepreviousperiod（InRMB10,000) | Scaleofchange | Causesofchange |
| Salesexpense | 2,480.03 | 1,418.86 | 74.79% | Duetotheincreaseinsalesstaffsalaries,transportationcostsandsalesservicefees. |
| R&Dexpense | 4,056.55 | 2,914.84 | 39.17% | Duetoincreasedresearchanddevelopmenteffortsinthisperiod. |
| Financialexpense | 269.98 | 46.15 | 485.01% | Duetothedecreaseininterestincomeinthisperiod. |
| Creditimpairmentloss | -926.57 | 844.72 | -209.69% | Duetotheincreaseinaccountsreceivableinthisperiod,theprovisionforbaddebtsincreasedaccordingly. |
| Operatingprofit | 3,075.63 | 1,045.27 | 194.24% | Thesalesvolumeofpolarizerproductsin |
thecurrentperiodhasincreasedsignificantly,andthegrowthrateofoperatingcostsissignificantlylessthanthegrowthrateofsalesrevenue..
| thecurrentperiodhasincreasedsignificantly,andthegrowthrateofoperatingcostsissignificantlylessthanthegrowthrateofsalesrevenue.. | ||||
| Non-operatingincome | 4.39 | 475.29 | -99.08% | Receivedinsuranceclaimsinthesameperiodlastyear,butnoneduringthereportingperiod. |
| Non-peratingexpense | 12.43 | 0.61 | 1937.70% | Duringthereportingperiod,thetaxowedbeforerepaymentwasnoneinthesameperiodofthepreviousyear. |
| Totalprofit | 3,067.58 | 1,519.95 | 101.82% | Thepolarizerbusinesshassubstantiallyreducedlosses. |
| Incometaxexpense | 869.90 | 1,550.21 | -43.89% | Mainlybecauseoftheimpactoftheepidemic,theprofitofthepropertyleasingbusinessdecreased. |
| Netprofit | 2,197.68 | -30.27 | 7360.26% | Mainlyduetotheincreaseintotalprofitsandthedecreaseinincometaxexpenses. |
| Netcashflowfromoperatingactivities | -4,985.11 | 28,653.27 | -117.40% | Thetradepaymentwasrecoveredinthesameperiodoflastyear,butnoneinthisperiod. |
| Netcashflowsfrominvestingactivities | -15,572.56 | -67,821.70 | 77.04% | Duringthereportingperiod,thefundsreceivedfromtherecoveryofwealthmanagementinvestmentweremorethanthefundspaidforinvestmentandwealthmanagement,whilethefundspaidforinvestmentandwealthmanagementinthesameperiodlastyearweremorethanrecovered. |
| Netcashflowfromfinancingactivities | 24,368.10 | -47,339.57 | 151.48% | Duringthereportingperiod,bankloanswereobtained,andbankloanswererepaidinthesameperiodlastyear. |
2.Theprogressofsignificanteventsandinfluence,aswellastheanalysisandexplanationonresolvingproposal.
√Applicable□Notapplicable
(1)MattersconcerningtheCompany'sinvolvingarbitrationandthesubsidiary’s'2019performancecommitmentcompensationOnMarch9,2020,thecompanyreceivedtheNoticeofArbitration(No.452-2)fromShenzhenInternationalArbitrationCourtandtheApplicationforArbitrationsubmittedbyHangzhouJinjiangGroupCo.,Ltd.,whichistheapplicantofthisarbitrationwhilethecompanyistherespondent.HangzhouJinjiangGroupCo.,Ltd.submittedthefollowingarbitrationrequests:1.TherulingmadethefollowingchangestotheCooperationAgreement:(1)DeletetheoriginalArticle3.1oftheCooperationAgreementandtherelevantunfulfilledrightsandobligationswillnolongerbefulfilled(2)DeletetheoriginalArticle6.4oftheCooperationAgreement,andtherelevantunfulfilledrightsandobligationswillnolongerbefulfilled;2.Therespondentshallbearthe
arbitrationfeeofthecaseandtheactualexpensesofthearbitraltribunal.Theapplicantreservestherighttofurthermodifythearbitrationrequest.OnMarch9,2020,thecompanyreceivedtheNoticeofArbitration(No.452-2)fromShenzhenInternationalArbitrationCourtandtheApplicationforArbitrationsubmittedbyHangzhouJinjiangGroupCo.,Ltd.,whichistheapplicantofthisarbitrationwhilethecompanyistherespondent.HangzhouJinjiangGroupCo.,Ltd.submittedthefollowingarbitrationrequests:1.TherulingmadethefollowingchangestotheCooperationAgreement:(1)DeletetheoriginalArticle3.1oftheCooperationAgreementandtherelevantunfulfilledrightsandobligationswillnolongerbefulfilled(2)DeletetheoriginalArticle6.4oftheCooperationAgreement,andtherelevantunfulfilledrightsandobligationswillnolongerbefulfilled;2.Therespondentshallbearthearbitrationfeeofthecaseandtheactualexpensesofthearbitraltribunal.Theapplicantreservestherighttofurthermodifythearbitrationrequest.Fordetails,pleaserefertotheAnnouncementof2020-07onthewebsiteofhttp://www.cninfo.com.cn.
OnMarch26,2020,thecompanyreceivedtheNoticeonExtendingtheTimeLimitAppointedbyArbitrators(2020SGZSNo.452-3)deliveredbyShenzhenInternationalArbitrationCourt.Duetothecomplexityofthedisputeandthespecialepidemicbackground,theapplicantneedsextratimetonegotiateandcommunicatetheproceduralmattersofthecasewiththerespondent,soitappliestoShenzhenInternationalArbitrationCourttoextendthetimelimitforappointingarbitratorsinthiscase.ShenzhenInternationalArbitrationCourtbelievesthattheapplicant'srequestisreasonable,andbothpartiesarerequestedtonotifyShenzhenInternationalArbitrationCourtinwritingofthearbitrator'sappointmentresultbeforeMarch30,2020.Therefore,thecompanyshallappointanarbitratorbeforeMarch30,2020insteadofwithin15daysafterreceivingthearbitrationnoticeonMarch9,2020,andnotifytheShenzhenInternationalArbitrationCourtoftheresultsinwriting.Fordetails,pleaserefertotheAnnouncementof2020-21onthewebsiteofhttp://www.cninfo.com.cn.
OnApril17,2020,thecompanyreceivedtheNoticeofArbitralTribunalComposition(2020SGZSNo.452-4)fromShenzhenInternationalArbitrationCourt.BothpartiestothearbitrationinformedShenzhenInternationalArbitrationCourtinwritingoftheresultsofarbitratorselectionaccordingtothearbitrationprocedurebeforeMarch30,2020,andappointed1arbitratorrespectivelyand1chiefarbitratortogether.OnApril16,2020,thearbitrationtribunalwasformedtohearthecase.
Asofthedisclosuredateofthisreport,thecompanyhasentrustedalawyertosubmitevidenceandmaterialsofthisarbitrationtothearbitrationtribunalinaccordancewiththearbitrationprocedures,andsubmittedaletterofinvitationfortheapplicanttoclarifythearbitrationrequestandarrangethehearing.However,duetotheepidemic,thearbitrationhasnotyetbeenheld,andthetimeofthecourtsessionhasyettobescheduled.Inviewofthecompany'sinvolvementintheabovearbitrationandtheuncertaintyofthearbitrationresults,JinjiangGroup'sunfulfilledcommitmenttothecompany'ssubsidiarySAPOPhotoelectricin2019isuncertain.Thecompanywillcontinuetopayattentiontothefollow-upprogressofthisarbitrationandfulfillitsinformationdisclosureobligationsinatimelymanner.
(2)ProgressofTransferringtheEquityofGuanhua
InordertofurtherrevitalizetheCompany'sexistingassets,concentrateresourcesonitsmainbusinessandstimulatethevitalityoftheenterprise,theProposalonTransferof50.16%EquityofShenzhenGuanhuaPrintingandDyeingCo.,Ltd.wasdeliberatedandpassedatthe22ndmeetingofthe7thBoardofDirectorsandthe2ndExtraordinaryGeneralMeetingin2019.ItwasagreedthattheCompanywouldtransfer50.16%ofGuanhuaequityheldbytheCompanythroughpubliclistingatapriceofnotlessthan340,468,300yuaninShenzhenUnitedPropertyandShareRights,whichwasapprovedbythestate-ownedassetsmanagementdepartmentforfiling.However,duetomarketreasonsandchangesinrelevantconditions,aftercomprehensiveconsiderationbytheCompany,thesharesofGuanhuaarenotlistedonShenzhenUnitedPropertyandShareRightsExchange,and
theCompanyplannedtochooseasuitabletimetolistwithinthevalidityperiodoftheunderlyingequityevaluationreport(August30,2020)accordingtomarketconditionsandincombinationwiththeactualoperationoftheCompany.Fordetails,pleaserefertotheAnnouncementof2019-55,2019-63and2019-71onthewebsiteof
http://www.cninfo.com.cn.Duetomarketreasonsandchangesinrelevantcircumstances,thecompanydidnotpubliclylistandtransfertheequityofthetargetcompanyontheShenzhenUnitedPropertyandShareRightsExchange.Asofthedisclosuredateofthisreport,theevaluationreportofGuanhuaCompanyhaspasseditsvalidityperiod(validuntilAugust30,2020).Iftheequitytransfercontinuestobeimplemented,anewassetevaluationwillberequired.Inviewofthemarketreasonsaffectedbythenewcrownpneumoniaepidemicthisyear,combinedwiththecompany'sactualoperatingconditions,theCompany,aftercarefulconsideration,planstoterminatethetransferof
50.16%ofGuanhua'sequity.OnOctober29,2020,thethirty-thirdmeetingoftheseventhboardofdirectorsofthecompanyreviewedandapprovedthe"ProposalonTerminatingtheTransferof50.16%EquityinShenzhenGuanhuaPrintingandDyeingCo.,Ltd.".Duetomarketreasonsandchangesinrelevantcircumstances,thecompanyagreedtoterminatethecaseabove,theproposalstillneedstobesubmittedtotheCompany’sshareholdersmeetingfordeliberation.Fortheabovecontent,pleaserefertothe"AnnouncementontheTerminationoftheTransferof50.16%EquityofShenzhenGuanhuaPrintingandDyeingCo.,Ltd."(No.2020-49)ofJuchaoInformationNetwork(http://www.cninfo.com.cn).
(3)Progressinsubsidiariesparticipatingintheestablishmentofindustrialfunds
OnNovember16,2017,thecompany'scontrollingsubsidiaryShengboOptoelectronicCo.,LtdsignedtheChangxingJunyingEquityInvestmentPartnership(LimitedPartnership)AgreementwiththefundmanagerHuizhiInvestmentManagementCo.,Ltd,generalpartnerJinxinInvestmentCo.,Ltdandotherlimitedpartners,andco-sponsoredtheestablishmentofanindustrialfund,focusingontheopticalfilmindustrychainrelatedprojectsrelatedtothecompany'smainbusiness,withafundsizeofRMB50million.SAPOasoneofthelimitedpartnersoftheindustrialfund,subscribedforacapitalcontributionofRMB28.5million.FordetailsJuchaoWebsite:（http://www.cninfo.com.cn.(AnnouncementNo.2017--55).
OnFebruary10,2018,ChangxingJunyingEquityInvestmentPartnershipcompletedtheindustrialandcommercialregistrationandcompletedtheprivateequityinvestmentfundregistrationonFebruary8,2018.FordetailsJuchaoWebsite:（http://www.cninfo.com.cn.(AnnouncementNo.2018--05).
AsofSeptember30,2020,ChangxingJunyinghadaccumulated3investmentprojectswithatotalinvestmentofRMB42million.
No
| No | Name | Investment | Fundcontribution(InRMB10,000) |
| 1 | ShenzhenKaichuangShijiaTechnologyCo.,Ltd. | OpticalFilm | 1,400 |
| 2 | ShenzhenshenfuyuElectronicTechnologyCo.,Ltd. | OpticalFilm | 1,300 |
| 3 | ShenzhenHengbaoshunTechnologyDevelopmentCo.,Ltd. | OpticalFilm | 1,500 |
(4)Thematterabouttheprovisionofguaranteesforsubsidiariestoapplyforbankmortgageloans
InordertomeetthecapitaldemandfortheconstructionofLine7project,the28thmeetingofthe7thBoardofDirectorsreviewedandapprovedtheProposalonSubsidiariesApplyingforMortgageLoansfromBanksandtheProposalonProvidingGuaranteeforSubsidiaries'MortgageLoans,andtheSecondExtraordinaryGeneralMeetingofShareholdersin2020reviewedandapprovedtheProposalonProvidingGuaranteeforSubsidiaries'MortgageLoans,andagreedthatSAPOwillapplyforafixedassetloanofRMB800millionfromthesyndicateledbyShenzhenBranchofBankofCommunicationsCo.,Ltd.withsomeofitsself-heldproperties,withatermofnomorethan8years,andthespecifictermsaresubjectedto“SyndicatedLoanfortheIndustrializationProject
ofPolarizersforUltra-LargeTVs(Line7)"and"TheMortgageContractfortheSyndicatedLoanfortheIndustrializationProjectsofPolarizersforUltra-largeTVs(Line7)"signedbySAPOandthelender;itisagreedthattheCompanywillprovidejointliabilityguaranteetotheabovesyndicatefor60%ofthetotaldebtsofSAPOundertheaboveprojectloans,ofwhichtheprincipalamountofthesecuredcreditor'srightsisRMB480million,andthelegalrepresentativeofthecompanyoritsauthorizationisauthorizedRepresentthecompanyinhandlingtheaboveguaranteemattersandsigntheguaranteecontractandanyotherdocumentsrelatedtothisguarantee.Fordetails,pleaserefertoAnnouncementNos.2020-18,2020-19and2020-22oncninfo(http://www.cninfo.com.cn).Asofthedateofthedisclosureofthisreport,thecompanyhassignedthe"GuaranteeContractforSyndicatedLoansfortheIndustrializationProjectofPolarizersforUltra-largeTVs(Line7)"withBankofCommunicationsCo.,Ltd.ShenzhenBranch,theguaranteeagentofthesyndicate.Fordetails,pleaserefertothe"AnnouncementontheProgressoftheCompany'sProvisionofGuaranteesforSubsidiaries"(No.2020-46)oncninfo(http://www.cninfo.com.cn)onOctober24,2020.
Progressintheimplementationofsharerepurchase
□Applicable√NotapplicableProgressintheimplementationofthereductionoftherepurchasedsharesbymeansofcentralizedbidding?Applicable√Notapplicable
3.CommitmentsfinishedinimplementationbytheCompany,shareholders,actualcontroller,acquirer,directors,supervisors,seniorexecutivesorotherrelatedpartiesinthereportingperiodandcommitmentsunfinishedinimplementationattheendofthereportingperiod
√Applicable□Notapplicable
Commitment
| Commitment | Commitmentmaker | Type | Contents | Timeofmakingcommitment | Periodofcommitment | Fulfillment |
| Commitmentonshare | Shenzhe | Share | AsShenzhenInvestmentHoldingsCo.,Ltd., | August4, | Sustained | Under |
| Announcement | Dateofdisclosure | Websitefordisclosure |
| MattersconcerningtheCompany'sinvolvingarbitrationforitssubsidiary’s2019performancecommitmentcompensation | March11,2020 | http//www.cninfo.com.cn.AnnouncementNo.2020-07 |
| March28,2020 | http//www.cninfo.com.cn.AnnouncementNo.2020-21 | |
| MattersconcerningtheCompanyprovidingguaranteeforitssubsidiary’sbankmortgageloansapplied. | March18,2020 | http//www.cninfo.com.cn.AnnouncementNo.2020-18 |
| March18,2020 | http//www.cninfo.com.cn.AnnouncementNo.2020-19 | |
| April7,2020 | http//www.cninfo.com.cn.AnnouncementNo.2020-22 | |
| October24,2020 | http//www.cninfo.com.cn.AnnouncementNo.2020-46 | |
| MattersconcerningtheequitytransferofGuanhua | October31,2020 | http//www.cninfo.com.cn.AnnouncementNo.2020-49 |
reform
| reform | nInvestmentHoldingsCo.,Ltd. | reductioncommitment | thecontrollingshareholderofthecompany,committedwhentherestricted-for-salesharesfromthesharesrestructuringwerelistedforcirculationinthemarket:i.iftheyplantosellthesharesthroughthesecuritiesexchangesysteminthefuture,andthedecreaseofthesharestheyholdreaches5%within6monthsafterthefirstdecrease,theywilldiscloseanannouncementindicatingthesalethroughthecompanywithintwotradingdaysbeforethefirstdecrease;ii.Theyshallstrictlyobservethe“GuidelinesonTransferofRestricted-for-saleOriginalSharesofListedCompanies”andtheprovisionsoftherelevantbusinessprinciplesofShenzhenStockExchange. | 2006 | andeffective | Fulfillment |
| Commitmentintheacquisitionreportorthereportonequitychanges | ||||||
| Commitmentmadeupontheassetsreplacement | ||||||
| Commitmentsmadeuponissuance | ShenzhenInvestmentHoldingsCo.,Ltd. | Commitmentsonhorizontalcompetition,relatedtransactionandcapitaloccupation | ShenzhenInvestmentHoldingsCo.,Ltd.signeda“LetterofCommitmentandStatementonHorizontalCompetitionAvoidance”whenthecompanyissuednon-publicstocksin2009.PursuanttotheLetterofCommitmentandStatement,ShenzhenInvestmentHoldingsCo.,Ltd.anditswhollyownedsubsidiary,subsidiariesundercontroloranyothercompaniesthathaveactualcontrolofitshallnotbeinvolvedinthebusinessthesameasorsimilartothoseShenzhenTextilecurrentlyorwillruninthefuture,oranybusinessesoractivitiesthatmayconstitutedirectorindirectcompetitionwithShenzhenTextile;iftheoperationsofShenzhenInvestmentHoldingsCo.,Ltd.anditswhollyownedsubsidiaries,subsidiariesundercontrolorothercompaniesthathaveactualcontrolofitcompetewithShenzhenTextileinthesameindustryorcontradicttheinterestoftheissuerinthefuture,ShenzhenInvestmentHoldingsCo.,Ltd.shallurgesuch | October9,2009 | Sustainedandeffective | UnderFulfillment |
companiestoselltheequity,assetsorbusinesstoShenzhenTextileorathirdparty;whenthehorizontalcompetitionmayoccurduetothebusinessexpansionconcurrentlynecessaryforShenzhenInvestmentHoldingsCo.,Ltd.anditswhollyownedsubsidiaries,subsidiariesundercontrolorothercompaniesthathaveactualcontrolofitandShenzhenTextile,ShenzhenTextileshallhavepriority.
| companiestoselltheequity,assetsorbusinesstoShenzhenTextileorathirdparty;whenthehorizontalcompetitionmayoccurduetothebusinessexpansionconcurrentlynecessaryforShenzhenInvestmentHoldingsCo.,Ltd.anditswhollyownedsubsidiaries,subsidiariesundercontrolorothercompaniesthathaveactualcontrolofitandShenzhenTextile,ShenzhenTextileshallhavepriority. | ||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | Commitmentsonhorizontalcompetition,relatedtransactionandcapitaloccupation | Thecommitmentsduringtheperiodnon-publicissuancein2012:1.ShenzhenInvestmentHoldings,asthecontrollingshareholderofShenzhenTextile,currentlyhasn'ttheproductionandbusinessactivitiesofinter-industrycompetitionwithShenzhenTextileoritsshare-holdingsubsidiary.2.ShenzhenInvestmentHoldingsanditsshare-holdingsubsidiariesorotherenterprisesownedtheactualcontrolrightscan'tbedirectlyandindirectlyonbehalfofanyperson,companyorunittoengageinthesameorsimilarbusinessinanydistrictsinthefuturebytheformofshare-holding,equityparticipation,jointventure,cooperation,partnership,contract,lease,etc.,andensurenottousethecontrollingshareholder'sstatustodamagethelegitimaterightsandinterestsofShenzhenTextileandothershareholders,ortogaintheadditionalbenefits.3.Iftherewillbethesituationofinter-industrycompetitionwithShenzhenTextileforShenzhenInvestmentHoldingsanditsshare-holdingsubsidiariesorotherenterprisesownedtheactualcontrolrightsinthefuture,ShenzhenInvestmentHoldingswillpromotetherelatedenterprisestoavoidtheinter-industrycompetitionthroughthetransferofequity,assets,businessandotherways.4.AbovecommitmentswillbecontinuouslyeffectiveandirrevocableduringShenzhenInvestmentHoldingsasthecontrollingshareholderofShenzhenTextileorindirectlycontrollingShenzhenTextile. | July14,2012 | Sustainedandeffective | UnderFulfillment | |
| Equityincentive | Shenzhe | Other | 1.Thecompanyundertakesnottoprovide | November | December | Under |
commitment
| commitment | nTextile(Holdings)Co.,Ltd. | commitment | loans,loanguarantees,andanyotherformsoffinancialassistancetotheincentiveobjectsforobtainingtherestrictedstocksintheincentiveplan;2.ThecompanyundertakesthatthereisnocircumstancethatthestockincentiveshallbeprohibitedasstipulatedintheprovisionsofArticle7ofthe“MeasuresfortheManagementofStockIncentivesofListedCompanies”. | 27,2017 | 27,2021 | Fulfillment |
| Othercommitmentsmadetominorityshareholders | ||||||
| Executedtimelyornot? | Yes | |||||
| Ifthecommitmentsfailedtocompletetheexecutionwhenexpired,shouldspecificallyexplainthereasonsofunfulfillmentandthenetstageoftheworkingplan | Notapplicable | |||||
4.Financialassetinvestment
(1)Investmentinsecurities
□Applicable√NotapplicableNosecuritiesinvestmentduringthereportperiod.
(2)Investmentsinderivatives
□Applicable√NotapplicableNoderivativeinvestmentduringthereportperiod.V.Progressofinvestmentprojectswithraisedfunds
Progressofpolarizerindustrializationprojectforultra-largeTV(Line7)Inordertomeettheneedsofdownstreampanelcustomers,improvetheoverallproductionefficiencyofLine7projectandenhancethecompetitivenessoftheenterprise,SAPOPhotoelectric,asubsidiary,increasesitsinvestmentby147.2millionyuantobuildoneRTPproductionlineand2RTSproductionlines,withitsownfundsandbankloans.Fordetails,pleaserefertoAnnouncementNo.2020-25ofCNInfo(http://www.cninfo.com.cn).
Asofthedisclosuredateofthisreport,theLine7projecthascompletedthecappingofthemainplantandthemanufacturingofextensionequipment.AffectedbytheCoronavirusepidemic,duetolaborshortages,insufficientsupplyofengineeringmaterialsandequipment,transportationrestrictions,etc.,theconstructionoftheLine7projectwasnotfullyresumeduntilmid-March2020.Thecompanyfurtherstrengthenedthemonitoringandmanagementofbudget,schedule,qualityandotheraspects,rearrangedtheconstructiontimenode,andiscurrentlycarryingoutthepurificationanddecorationengineeringconstructionandtheinstallationofextension
machineequipment.ItisplannedtocompletethemainmachineequipmentdebugginginMarch2021,andstartthetrialproduction.Duringthereportingperiod,theCompanyhasprudentlydemonstratedthatitwillinvest147.2millionyuanintheconstructionof1RTPproductionlineand2RTSproductionlinesontheLine7project.Thesourceoffundsisitsownfundsandbankloans.Themainreasonsforthisincreaseininvestmentarefirsttomeettheneedsofdownstreampanelcustomersandenhancethedepthofcustomercooperation;second,tohelpimprovetheoverallproductionefficiencyoftheLine7project,simplifytheproductionprocess,andeffectivelyreduceproductioncosts;third,tofurtherimproveEnterprisecompetitivenessprovidesguaranteeforthesuccessfuloperationofLine7project.Fortheabovedetails,pleaserefertothe"AnnouncementontheIncreaseofInvestmentandConstructionProgressintheIndustrializationProjectofPolarizersforUltra-largeTVs(Line7)"oncninfo(http://www.cninfo.com.cn)onApril30,2020.(No.2020-25).Asofthedisclosuredateofthisreport,thecompanyhasbuiltoneRTPproductionline,andtheRTPequipmentproductionisinprogress.ItisexpectedtoachievemassproductioninQ3of2021;oneRTSproductionlineisalreadyunderconstructionandisexpectedtoachievemassproductioninQ3of2021.AsofSep.30,2020,thetotalinvestmentcontractamountoftheLine7projectwas1,573.4259millionyuan,andtheactualpaid-ininvestmentwas1,347.7947millionyuan(withraisedfundsof409.9510millionyuan,anditsownfundsandgovernmentfundsof937.8437millionyuanused).
6.Forecastof2020businessperformanceAwarningandexplanationofthereasonforpredictingthatthecumulativenetprofitfromthebeginningoftheyeartotheendofthenextreportingperiodmaybealossorasignificantchangecomparedwiththesameperiodofthepreviousyear
□Applicable√Notapplicable
7.Majorcontractsfordailyoperations
□Applicable√Notapplicable
8.EntrustedFinancialManagement
√Applicable□Notapplicable
InRMB10,000
Type
| Type | Source | Amount | Unexpiredbalance | Overdueamount |
| Bankfinancingproduct | Selffund | 77,900 | 19,000 | 0 |
| Others | Selffund | 51,500 | 51,500 | 0 |
| Total | 129,400 | 70,500 | 0 | |
SpecificCircumstanceofTrustInvestmentwhichisLargeinsingleamount,lowinsecurity,poorinliquidityorunguaranteedinhighrisk
√Applicable□Notapplicable
InRMB10,000
| NameofTrusteeOrganization(or | TypeofTrusteeOrganization(or | ProductType | Amount | CapitalSource | StartDate | ExpiryDate | FundsAllocation | MethodofReward | ReferenceAnnualizedRateof | ExpectedIncome(ifany) | Actualprofitandlossduri | Theactualrecoveryofprofitandloss | Amountofprovisionforimpa | Whetherpassedthestat | Whetherthereisanyentrustedfinan | Summaryofeventsandrelatedsearch |
TrusteeName)
| TrusteeName) | Trustee) | Determination | Return | ngthereportingperiod | duringthereportingperiod | irment(ifany) | utoryprocedure | cialplaninthefuture | index(ifany) | |||||||
| SPDBank.FenghuangBuildingSub-Branch | Bank | Structuraldeposit | 28,000 | Selffund | February5,2020 | August3,2020 | Bankfinancialproducts | Repaymentofprincipalandinterest | 3.85% | 539 | 539.54 | Redemptionatmaturity | Yes | Notapplicable | ||
| SPDBank.FenghuangBuildingSub-Branch | Bank | Structuraldeposit | 12,000 | Selffund | March12,2020 | September14,2020 | Bankfinancialproducts | Repaymentofprincipalandinterest | 3.85% | 233.57 | 233.57 | Redemptionatmaturity | Yes | Notapplicable | ||
| ChinaSouthernAssetManagementCo.,Ltd. | Fundcompany | MonetaryFund | 30,500 | Selffund | September8,2020 | October29,2020 | Publicfundproducts | RedemptiononTday,arrivalonT+1day | 2.20% | Unexpired | Yes | Notapplicable | ||||
| ChinaSouth | Fundcomp | Mon | 12,000 | Self | Septem | October | Public | Rede | 2.20% | Unexpired | Yes | Notappli |
ernAssetManagementCo.,Ltd.
| ernAssetManagementCo.,Ltd. | any | etaryFund | fund | ber15,2020 | 29,2020 | fundproducts | mptiononTday,arrivalonT+1day | cable | ||||||||
| Total | 82,500 | -- | -- | -- | -- | -- | -- | 772.57 | 773.11 | -- | -- | -- | -- | |||
Entrustedfinancingappearstobeunabletorecovertheprincipalortheremaybeothercircumstancesthatmayresultinimpairment
□Applicable√Notapplicable
9.Violationofexternalguarantees
□Applicable√NotapplicableTheCompanyhasnoexternalguaranteegetoutofthelineinthePeriod
10.Controllingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompany
□Applicable√NotapplicableTherearenocontrollingshareholderanditsrelatedpartiesoccupyingnon-businesscapitalofthelistedcompanyinPeriod.
11.Registrationformforreceivingresearch,communication,interviewsandotheractivitiesduringthereportingperiod
□Applicable√NotapplicableThecompanydidnotreceiveresearch,communication,interviewsandotheractivitiesinPeriod.
IV.FinancialStatement
1.Financialstatement
(1)ConsolidatedbalancesheetPreparedby:ShenzhenTextile(Holdings)Co.,Ltd.
September30,2020
InRMB
Items
| Items | September30,2020 | December31,2019 |
| Currentasset： | ||
| Monetaryfund | 316,521,507.96 | 409,564,847.52 |
| Settlementprovision | ||
| Outgoingcallloan | ||
| Transactionalfinancialassets | 705,605,934.58 | 830,000,000.00 |
| Derivativefinancialassets | ||
| Notesreceivable | 53,891,043.92 | 40,424,601.97 |
| Accountreceivable | 530,087,420.90 | 365,325,029.38 |
| Financingofreceivables | 17,933,597.98 | |
| Prepayments | 19,303,220.97 | 18,445,857.53 |
| Insurancereceivable | ||
| Reinsurancereceivable | ||
| ProvisionsofReinsurancecontractsreceivable | ||
| Otheraccountreceivable | 8,066,619.01 | 12,440,761.13 |
| Including：Interestreceivable | 645,534.25 | 7,610,043.19 |
| Dividendreceivable | ||
| Repurchasingoffinancialassets | ||
| Inventories | 440,744,308.82 | 391,717,935.12 |
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | ||
| Othercurrentasset | 84,168,910.62 | 140,821,609.72 |
| Totalofcurrentassets | 2,158,388,966.78 | 2,226,674,240.35 |
| Non-currentassets: | ||
| Loansandpaymentonother’sbehalfdisbursed | ||
| Debtinvestment | ||
| Otherdebtinvestment |
Long-termreceivable
| Long-termreceivable | ||
| Longtermshareequityinvestment | 148,708,432.40 | 152,209,929.72 |
| Otherequityinstrumentsinvestment | 251,472,997.43 | 248,781,946.73 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 112,464,050.02 | 112,730,320.90 |
| Fixedassets | 823,305,857.94 | 903,229,077.83 |
| Constructioninprogress | 1,222,454,561.35 | 839,866,275.92 |
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 36,310,153.55 | 36,517,996.34 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | 2,278,307.41 | 2,692,750.67 |
| Deferredincometaxasset | 5,046,497.51 | 5,618,026.43 |
| Othernon-currentasset | 3,079,321.10 | |
| Totalofnon-currentassets | 2,602,040,857.61 | 2,304,725,645.64 |
| Totalofassets | 4,760,429,824.39 | 4,531,399,885.99 |
| Currentliabilities | ||
| Short-termloans | ||
| LoanfromCentralBank | ||
| Borrowingfunds | ||
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountpayable | 236,502,864.55 | 241,297,770.64 |
| Advancereceipts | 18,832,177.93 | 30,530,117.62 |
| ContractLiabilities | 2,321,846.31 | |
| Sellingofrepurchasedfinancialassets | ||
| Deposittakingandinterbankdeposit | ||
| Entrustedtradingofsecurities | ||
| Entrustedsellingofsecurities | ||
| Employees’wagepayable | 34,395,410.36 | 38,556,180.20 |
| Taxpayable | 10,568,795.99 | 22,545,550.33 |
Otheraccountpayable
| Otheraccountpayable | 145,538,539.67 | 152,645,780.14 |
| Including：Interestpayable | 180,528.26 | |
| Dividendpayable | ||
| Feesandcommissionspayable | ||
| Reinsurancefeepayable | ||
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | ||
| Othercurrentliability | ||
| Totalofcurrentliability | 448,159,634.81 | 485,575,398.93 |
| Non-currentliabilities： | ||
| Reservefundforinsurancecontracts | ||
| Long-termloan | 254,600,000.00 | |
| Bondpayable | ||
| Including:preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | ||
| Long-termremunerationpayabletostaff | ||
| Expectedliabilities | ||
| Deferredincome | 113,348,409.61 | 121,264,571.22 |
| Deferredincometaxliability | 66,052,288.66 | 69,944,345.66 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 434,000,698.27 | 191,208,916.88 |
| Totalofliability | 882,160,333.08 | 676,784,315.81 |
| Owners’equity | ||
| Sharecapital | 507,772,279.00 | 509,338,429.00 |
| Otherequityinstruments | ||
| Including:preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 1,967,514,358.53 | 1,974,922,248.03 |
| Less：Sharesinstock | 7,525,438.20 | 16,139,003.40 |
| Othercomprehensiveincome | 121,775,375.21 | 119,737,783.31 |
| Specialreserve | ||
| Surplusreserves | 90,596,923.39 | 90,596,923.39 |
Commonriskprovision
| Commonriskprovision | ||
| Retainedprofit | 74,753,912.60 | 49,307,764.03 |
| Totalofowner’sequitybelongtotheparentcompany | 2,754,887,410.53 | 2,727,764,144.36 |
| Minorityshareholders’equity | 1,123,382,080.78 | 1,126,851,425.82 |
| Totalofowners’equity | 3,878,269,491.31 | 3,854,615,570.18 |
| Totalofliabilitiesandowners’equity | 4,760,429,824.39 | 4,531,399,885.99 |
Legalrepresentative：ZhuJunPerson-in-chargeoftheaccountingwork：HeFeiPerson-in-chargeoftheaccountingorgan：MuLinying
(2)BalancesheetofParentCompany
InRMB
| Items | September30,2020 | December31,2019 |
| Currentasset： | ||
| Monetaryfund | 98,335,509.05 | 27,979,338.37 |
| Transactionalfinancialassets | 575,605,934.58 | 650,000,000.00 |
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountreceivable | 5,411,681.38 | 522,931.04 |
| Financingofreceivables | ||
| Prepayments | 788,607.77 | 768,099.94 |
| Otheraccountreceivable | 13,727,953.24 | 17,039,506.00 |
| Including:Interestreceivable | 485,835.62 | 7,329,228.31 |
| Dividendreceivable | ||
| Inventories | ||
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | ||
| Othercurrentasset | ||
| Totalofcurrentassets | 693,869,686.02 | 696,309,875.35 |
| Non-currentassets： | ||
| Debtinvestment | ||
| Otherdebtinvestment | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 2,098,929,014.56 | 2,102,430,511.88 |
Otherequityinstrumentsinvestment
| Otherequityinstrumentsinvestment | 209,508,003.34 | 206,816,952.64 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 104,217,217.60 | 107,199,622.80 |
| Fixedassets | 22,462,380.39 | 25,500,695.77 |
| Constructioninprogress | 19,552.00 | 19,552.00 |
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 599,717.15 | 659,937.75 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | 697,904.29 | 800,858.17 |
| Deferredincometaxasset | 4,904,808.70 | 5,466,478.06 |
| Othernon-currentasset | ||
| Totalofnon-currentassets | 2,441,338,598.03 | 2,448,894,609.07 |
| Totalofassets | 3,135,208,284.05 | 3,145,204,484.42 |
| Currentliabilities | ||
| Short-termloans | ||
| Transactionalfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountpayable | 411,743.57 | 411,743.57 |
| Advancereceipts | 639,024.58 | 2,878,936.58 |
| ContractLiabilities | 2,236,912.00 | |
| Employees’wagepayable | 3,748,680.93 | 11,910,175.11 |
| Taxpayable | 7,876,203.25 | 20,801,961.18 |
| Otheraccountpayable | 91,684,170.19 | 119,984,209.60 |
| Including:Interestpayable | ||
| Dividendpayable | ||
| Liabilitiesheldforsales | ||
| Non-currentliabilityduewithin1year | ||
| Othercurrentliability | ||
| Totalofcurrentliability | 106,596,734.52 | 155,987,026.04 |
| Non-currentliabilities： |
Long-termloan
| Long-termloan | ||
| Bondpayable | ||
| Including:preferredstock | ||
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | ||
| Long-termremunerationpayabletostaff | ||
| Expectedliabilities | ||
| Deferredincome | 525,000.00 | 600,000.00 |
| Deferredincometaxliability | 63,061,040.14 | 66,953,097.14 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 63,586,040.14 | 67,553,097.14 |
| Totalofliability | 170,182,774.66 | 223,540,123.18 |
| Owners’equity | ||
| Sharecapital | 507,772,279.00 | 509,338,429.00 |
| Otherequityinstruments | ||
| Including:preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 1,582,461,609.86 | 1,589,869,499.36 |
| Less：Sharesinstock | 7,525,438.20 | 16,139,003.40 |
| Othercomprehensiveincome | 112,801,629.64 | 110,764,037.74 |
| Specialreserve | ||
| Surplusreserves | 90,596,923.39 | 90,596,923.39 |
| Retainedprofit | 678,918,505.70 | 637,234,475.15 |
| Totalofowners’equity | 2,965,025,509.39 | 2,921,664,361.24 |
| Totalofliabilitiesandowners’equity | 3,135,208,284.05 | 3,145,204,484.42 |
(3)ConsolidatedIncomestatementoftheReportperiod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Turnover | 616,632,602.23 | 631,655,475.88 |
| Including:Operatingincome | 616,632,602.23 | 631,655,475.88 |
| Interestincome | ||
| Insurancefeeearned | ||
| Feeandcommissionreceived |
II.Totaloperatingcosts
| II.Totaloperatingcosts | 577,921,727.05 | 622,983,451.14 |
| Including::Operatingcosts | 522,830,848.69 | 581,715,597.60 |
| Interestexpense | ||
| Feeandcommissionpaid | ||
| Insurancedischargepayment | ||
| Netclaimamountpaid | ||
| Appropriationofdepositforduty,net | ||
| Insurancepolicydividendpaid | ||
| Reinsuranceexpenses | ||
| Businesstaxandsurcharge | 2,233,905.35 | 2,177,606.85 |
| Salesexpense | 11,419,427.45 | 6,818,778.79 |
| Administrativeexpense | 24,494,876.62 | 21,103,279.61 |
| R&Dexpense | 16,004,441.96 | 9,975,989.88 |
| Financialexpenses | 938,226.98 | 1,192,198.41 |
| Including:Interestexpense | 8,994.21 | 339,007.42 |
| Interestincome | -1,684,736.22 | -8,880,432.64 |
| Add:Otherincome | 6,144,592.55 | 10,836,353.04 |
| Investmentgain（“-”forloss） | 3,861,382.88 | -2,084,526.53 |
| Including:investmentgainsfromaffiliates | -1,266,868.32 | -3,486,196.57 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Gainsfromcurrencyexchange | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Creditimpairmentloss | -5,458,006.41 | 6,113,480.07 |
| Impairmentlossofassets | -9,125,422.95 | -17,843,570.36 |
| Assetsdisposalincome | 269,663.51 | 4,953,965.82 |
| III.Operatingprofit（“-”forloss） | 34,403,084.76 | 10,647,726.78 |
| Add:Non-operatingincome | 23,428.70 | 505,625.44 |
| Less:Non-operatingexpenses | 17,902.86 | 29.17 |
| IV.Totalprofit(“-”forloss) | 34,408,610.60 | 11,153,323.05 |
| Less:Incometaxexpenses | 3,440,626.22 | 5,729,139.09 |
| V.Netprofit | 30,967,984.38 | 5,424,183.96 |
| (I)Classificationbybusinesscontinuity |
1.Netcontinuingoperatingprofit
| 1.Netcontinuingoperatingprofit | 30,967,984.38 | 5,424,183.96 |
| 2.Terminationofoperatingnetprofit | ||
| (II)Classificationbyownership | ||
| 1.Netprofitattributabletotheownersofparentcompany | 24,726,413.83 | 9,061,067.98 |
| 2.Minorityshareholders’equity | 6,241,570.55 | -3,636,884.02 |
| VI.Netafter-taxofothercomprehensiveincome | -37,806.47 | 218,016.55 |
| Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | -37,806.47 | 218,016.55 |
| （I）Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 331,206.25 | 20,700.40 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 331,206.25 | 20,700.40 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| (II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss | -369,012.72 | 197,316.15 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss | ||
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | -369,012.72 | 197,316.15 |
| 7.Other | ||
| NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity |
VII.Totalcomprehensiveincome
| VII.Totalcomprehensiveincome | 30,930,177.91 | 5,642,200.51 |
| Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | 24,688,607.36 | 9,279,084.53 |
| Totalcomprehensiveincomeattributableminorityshareholders | 6,241,570.55 | -3,636,884.02 |
| VIII.Earningspershare | ||
| (I)Basicearningspershare | 0.0487 | 0.0178 |
| (II)Dilutedearningspershare | 0.0487 | 0.0178 |
Legalrepresentative：ZhuJunPerson-in-chargeoftheaccountingwork：HeFeiPerson-in-chargeoftheaccountingorgan：MuLinying
(4)IncomestatementoftheParentCompanyoftheReportperiod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Revenue | 19,911,194.17 | 18,702,133.41 |
| Less:Operatingcosts | 3,143,822.30 | 3,132,290.08 |
| Businesstaxandsurcharge | 783,038.54 | 768,658.39 |
| Salesexpense | ||
| Administrativeexpense | 6,681,714.07 | 6,715,501.68 |
| R&Dexpense | ||
| Financialexpenses | -1,022,897.67 | -5,343,904.21 |
| Including:Interestexpenses | 8,994.21 | |
| Interestincome | -1,033,269.62 | -5,359,854.48 |
| Add:Otherincome | 35,598.83 | 31,720.83 |
| Investmentgain（“-”forloss） | 20,448,748.09 | -3,029,192.67 |
| Including:investmentgainsfromaffiliates | -1,266,868.32 | -3,486,196.57 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Creditimpairmentloss | -87,094.63 | -88,387.87 |
| Impairmentlossofassets | ||
| Assetsdisposalincome | 286,963.56 | 5,271,919.22 |
| II.Operatingprofit（“-”forloss） | 31,009,732.78 | 15,615,646.98 |
| Add:Non-operatingincome | 6,400.00 |
Less:Non-operatingexpenses
| Less:Non-operatingexpenses | ||
| III.Totalprofit(“-”forloss) | 31,009,732.78 | 15,622,046.98 |
| Less:Incometaxexpenses | 3,299,280.01 | 4,725,309.91 |
| IV.Netprofit | 27,710,452.77 | 10,896,737.07 |
| (I)Netcontinuingoperatingprofit | 27,710,452.77 | 10,896,737.07 |
| (II)Terminationofoperatingnetprofit | ||
| V.Netafter-taxofothercomprehensiveincome | -37,806.47 | 218,016.55 |
| (I)Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 331,206.25 | 20,700.40 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 331,206.25 | 20,700.40 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| (II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | -369,012.72 | 197,316.15 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | ||
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | -369,012.72 | 197,316.15 |
| 7.Other | ||
| VI.Totalcomprehensiveincome | 27,672,646.30 | 11,114,753.62 |
| VII.Earningspershare | ||
| (I)Basicearningspershare | ||
| (II)Dilutedearningspershare |
(5)ConsolidatedIncomestatementbetweenthebeginningoftheyearandendofthereportperiod
InRMB
Items
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Turnover | 1,472,945,950.97 | 1,640,518,771.38 |
| Including:Operatingincome | 1,472,945,950.97 | 1,640,518,771.38 |
| Interestincome | ||
| Insurancefeeearned | ||
| Commissionchargeandcommissionincome | ||
| II.Totaloperatingcosts | 1,425,570,772.57 | 1,636,181,843.11 |
| Including:Operatingcosts | 1,283,739,152.30 | 1,522,303,108.33 |
| Interestexpense | ||
| Feeandcommissionpaid | ||
| Insurancedischargepayment | ||
| Netclaimamountpaid | ||
| Appropriationofdepositforduty,net | ||
| Insurancepolicydividendpaid | ||
| Reinsuranceexpenses | ||
| Businesstaxandsurcharge | 4,923,633.41 | 6,075,103.63 |
| Salesexpense | 24,800,348.73 | 14,188,583.31 |
| Administrativeexpense | 68,842,342.28 | 64,005,159.29 |
| R&Dexpense | 40,565,492.91 | 29,148,378.08 |
| Financialexpenses | 2,699,802.94 | 461,510.47 |
| Including:Interestexpense | 230,028.92 | 4,122,891.39 |
| Interestincome | -3,422,921.76 | -24,624,537.30 |
| Add:Otherincome | 19,189,814.08 | 21,871,492.10 |
| Investmentgain（“-”forloss） | 17,794,208.51 | -2,290,584.08 |
| Including:investmentgainsfromaffiliates | -3,520,801.17 | -4,600,254.12 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Gainsfromcurrencyexchange | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Creditimpairmentloss | -9,265,693.91 | 8,447,245.05 |
| Impairmentlossofassets | -44,600,057.88 | -39,103,021.71 |
Assetsdisposalincome
| Assetsdisposalincome | 262,826.07 | 17,190,652.07 |
| III.Operatingprofit（“-”forloss） | 30,756,275.27 | 10,452,711.70 |
| Add:Non-operatingincome | 43,859.98 | 4,752,887.09 |
| Less:Non-operatingexpense | 124,313.63 | 6,121.79 |
| IV.Totalprofit(“-”forloss) | 30,675,821.62 | 15,199,477.00 |
| Less:Incometaxexpenses | 8,699,018.09 | 15,502,146.92 |
| V.Netprofit | 21,976,803.53 | -302,669.92 |
| (I)Classificationbybusinesscontinuity | ||
| 1.Netcontinuingoperatingprofit | 21,976,803.53 | -302,669.92 |
| 2.Terminationofoperatingnetprofit | ||
| (II)Classificationbyownership | ||
| 1.Netprofitattributabletotheownersofparentcompany | 25,446,148.57 | 16,893,355.96 |
| 2.Minorityshareholders’equity | -3,469,345.04 | -17,196,025.88 |
| VI.Netafter-taxofothercomprehensiveincome | 2,037,591.90 | 52,274,268.49 |
| Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | 2,037,591.90 | 52,274,268.49 |
| (I)Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 2,018,288.05 | 51,269,710.80 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 2,018,288.05 | 51,269,710.80 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| (II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | 19,303.85 | 1,004,557.69 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | ||
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations |
5.Reserveforcashflowhedges
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatements | 19,303.85 | 1,004,557.69 |
| 7.Other | ||
| NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
| VII.Totalcomprehensiveincome | 24,014,395.43 | 51,971,598.57 |
| Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | 27,483,740.47 | 69,167,624.45 |
| Totalcomprehensiveincomeattributableminorityshareholders | -3,469,345.04 | -17,196,025.88 |
| VIII.Earningspershare | ||
| (I)Basicearningspershare | 0.0500 | 0.0331 |
| (II)Dilutedearningspershare | 0.0500 | 0.0331 |
Legalrepresentative：ZhuJunPerson-in-chargeoftheaccountingwork：HeFeiPerson-in-chargeoftheaccountingorgan：MuLinying
(6)IncomeStatementoftheParentBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Revenue | 46,881,116.37 | 53,295,641.69 |
| Less:Operatingcosts | 7,448,880.46 | 9,062,025.16 |
| Businesstaxandsurcharge | 1,617,921.69 | 2,181,592.04 |
| Salesexpense | ||
| Administrativeexpense | 20,333,213.07 | 22,921,542.05 |
| R&Dexpense | ||
| Financialexpenses | -1,181,292.97 | -15,475,991.10 |
| Including:Interestexpenses | 8,994.21 | |
| Interestincome | -1,209,735.98 | -15,284,776.44 |
| Add:Otherincome | 93,237.55 | 81,720.83 |
| Investmentgain（“-”forloss） | 31,515,291.52 | -3,235,250.22 |
| Including:investmentgainsfromaffiliates | -3,520,801.17 | -4,600,254.12 |
| Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
| Netexposurehedgingincome | ||
| Changingincomeoffairvalue | ||
| Creditimpairmentloss | -444,373.18 | -64,417.52 |
Impairmentlossofassets
| Impairmentlossofassets | ||
| Assetsdisposalincome | 286,963.56 | 17,573,064.14 |
| II.Operatingprofit（“-”forloss） | 50,113,513.57 | 48,961,590.77 |
| Add:Non-operatingincome | 6,400.00 | |
| Less:Non-operatingexpenses | 27,244.40 | |
| III.Totalprofit(“-”forloss) | 50,086,269.17 | 48,967,990.77 |
| Less：Incometaxexpenses | 8,402,238.62 | 13,381,271.31 |
| IV.Netprofit | 41,684,030.55 | 35,586,719.46 |
| 1.Netcontinuingoperatingprofit | 41,684,030.55 | 35,586,719.46 |
| 2.Terminationofoperatingnetprofit | ||
| V.Netafter-taxofothercomprehensiveincome | 2,037,591.90 | 52,274,268.49 |
| (I)Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | 2,018,288.05 | 51,269,710.80 |
| 1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
| 2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
| 3.Changesinthefairvalueofinvestmentsinotherequityinstruments | 2,018,288.05 | 51,269,710.80 |
| 4.Changesinthefairvalueofthecompany’screditrisks | ||
| 5.Other | ||
| (II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | 19,303.85 | 1,004,557.69 |
| 1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | ||
| 2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
| 5.Reserveforcashflowhedges | ||
| 6.Translationdifferencesincurrencyfinancialstatement | 19,303.85 | 1,004,557.69 |
| 7.Other | ||
| VI.Totalcomprehensiveincome | 43,721,622.45 | 87,860,987.95 |
VII.Earningspershare
| VII.Earningspershare |
| (I)Basicearningspershare |
| (II)Dilutedearningspershare |
(7)ConsolidatedCashFlowStatementBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 1,279,089,802.91 | 1,731,173,949.81 |
| Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany | ||
| Netincreaseofloansfromcentralbank | ||
| Netincreaseofinter-bankloansfromotherfinancialbodies | ||
| Cashreceivedagainstoriginalinsurancecontract | ||
| Netcashreceivedfromreinsurancebusiness | ||
| Netincreaseofclientdepositandinvestment | ||
| Cashreceivedfrominterest,commissionchargeandcommission | ||
| Netincreaseofinter-bankfundreceived | ||
| Netincreaseofrepurchasingbusiness | ||
| Netcashreceivedbyagentinsecuritiestrading | ||
| Taxreturned | 91,793,042.68 | 11,611,501.57 |
| Othercashreceivedfrombusinessoperation | 126,958,254.84 | 47,024,706.54 |
| Sub-totalofcashinflow | 1,497,841,100.43 | 1,789,810,157.92 |
| Cashpaidforpurchasingofmerchandiseandservices | 1,270,741,207.87 | 1,321,550,785.73 |
| Netincreaseofclienttradeandadvance | ||
| Netincreaseofsavingsincentralbankandbrothercompany | ||
| Cashpaidfororiginalcontractclaim | ||
| NetincreaseforOutgoingcallloan | ||
| Cashpaidforinterest,processingfeeandcommission | ||
| Cashpaidforpolicydividend | ||
| Cashpaidtostaffsorpaidforstaffs | 125,654,764.15 | 122,015,249.20 |
| Taxespaid | 46,545,448.93 | 12,064,724.08 |
Othercashpaidforbusinessactivities
| Othercashpaidforbusinessactivities | 104,750,813.16 | 47,646,715.26 |
| Sub-totalofcashoutflowfrombusinessactivities | 1,547,692,234.11 | 1,503,277,474.27 |
| Netcashgeneratedfrom/usedinoperatingactivities | -49,851,133.68 | 286,532,683.65 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | ||
| Cashreceivedasinvestmentgains | 10,594,307.85 | 3,665,400.79 |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 2,759,867.00 | 225,080.00 |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived | 2,784,072,842.49 | 1,700,957,923.06 |
| Sub-totalofcashinflowduetoinvestmentactivities | 2,797,427,017.34 | 1,704,848,403.85 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 415,152,615.95 | 139,150,889.68 |
| Cashpaidasinvestment | ||
| Netincreaseofloanagainstpledge | ||
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | 2,539,000,000.00 | 2,243,914,534.73 |
| Sub-totalofcashoutflowduetoinvestmentactivities | 2,954,152,615.95 | 2,383,065,424.41 |
| Netcashflowgeneratedbyinvestment | -156,725,598.61 | -678,217,020.56 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Including:Cashreceivedasinvestmentfromminorshareholders | ||
| Cashreceivedasloans | 254,600,000.00 | 86,938,172.53 |
| Otherfinancing–relatedcashreceived | 3,128,570.13 | |
| Sub-totalofcashinflowfromfinancingactivities | 254,600,000.00 | 90,066,742.66 |
| Cashtorepaydebts | 510,029,215.92 | |
| Cashpaidasdividend,profit,orinterests | 577,232.24 | 41,984,741.10 |
| Including:Dividendandprofitpaidbysubsidiariestominorshareholders | ||
| Othercashpaidforfinancingactivities | 9,341,774.70 | 11,448,442.40 |
| Sub-totalofcashoutflowduetofinancingactivities | 9,919,006.94 | 563,462,399.42 |
| Netcashflowgeneratedbyfinancing | 244,680,993.06 | -473,395,656.76 |
| IV.Influenceofexchangeratealternationoncashand | 586,330.86 | -89,850.32 |
cashequivalents
| cashequivalents | ||
| V.Netincreaseofcashandcashequivalents | 38,690,591.63 | -865,169,843.99 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 268,646,588.18 | 1,133,574,235.22 |
| VI.Balanceofcashandcashequivalentsattheendofterm | 307,337,179.81 | 268,404,391.23 |
(8)CashFlowStatementoftheParentBetweentheBeginningoftheYearandEndoftheReportPeriod
InRMB
| Items | Amountinthisperiod | Amountinlastperiod |
| I.Cashflowsfromoperatingactivities | ||
| Cashreceivedfromsalesofgoodsorrendingofservices | 43,074,044.02 | 54,658,164.63 |
| Taxreturned | ||
| Othercashreceivedfrombusinessoperation | 4,358,327.98 | 16,177,202.14 |
| Sub-totalofcashinflow | 47,432,372.00 | 70,835,366.77 |
| Cashpaidforpurchasingofmerchandiseandservices | 5,629,923.78 | 5,047,387.75 |
| Cashpaidtostaffsorpaidforstaffs | 21,277,934.73 | 16,027,788.75 |
| Taxespaid | 31,898,408.08 | 14,287,074.09 |
| Othercashpaidforbusinessactivities | 9,535,769.50 | 19,066,832.98 |
| Sub-totalofcashoutflowfrombusinessactivities | 68,342,036.09 | 54,429,083.57 |
| Netcashgeneratedfrom/usedinoperatingactivities | -20,909,664.09 | 16,406,283.20 |
| II.Cashflowgeneratedbyinvesting | ||
| Cashreceivedfrominvestmentretrieving | 12,000,000.00 | |
| Cashreceivedasinvestmentgains | 8,486,151.51 | 2,720,734.65 |
| Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 2,759,267.00 | |
| Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
| Otherinvestment-relatedcashreceived | 1,446,476,118.93 | 17,555,670.19 |
| Sub-totalofcashinflowduetoinvestmentactivities | 1,457,721,537.44 | 32,276,404.84 |
| Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 2,113,927.97 | 11,691,336.79 |
| Cashpaidasinvestment | ||
| Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
| Othercashpaidforinvestmentactivities | 1,355,000,000.00 | 90,000,000.00 |
Sub-totalofcashoutflowduetoinvestmentactivities
| Sub-totalofcashoutflowduetoinvestmentactivities | 1,357,113,927.97 | 101,691,336.79 |
| Netcashflowgeneratedbyinvestment | 100,607,609.47 | -69,414,931.95 |
| III.Cashflowgeneratedbyfinancing | ||
| Cashreceivedasinvestment | ||
| Cashreceivedasloans | ||
| Otherfinancing–relatedashreceived | ||
| Sub-totalofcashinflowfromfinancingactivities | ||
| Cashtorepaydebts | ||
| Cashpaidasdividend,profit,orinterests | ||
| Othercashpaidforfinancingactivities | 9,341,774.70 | 11,448,442.40 |
| Sub-totalofcashoutflowduetofinancingactivities | 9,341,774.70 | 11,448,442.40 |
| Netcashflowgeneratedbyfinancing | -9,341,774.70 | -11,448,442.40 |
| IV.Influenceofexchangeratealternationoncashandcashequivalents | ||
| V.Netincreaseofcashandcashequivalents | 70,356,170.68 | -64,457,091.15 |
| Add:balanceofcashandcashequivalentsatthebeginningofterm | 27,979,338.37 | 85,416,567.74 |
| VI.Balanceofcashandcashequivalentsattheendofterm | 98,335,509.05 | 20,959,476.59 |
2AdjustmentstotheFinancialStatements
(1)Adjustmentoftherelevantitemsofthefinancialstatementsatthecurrentyearbeginningaccordingtothenewstandardsforfinancialinstruments,thenewstandardsforrevenuesandthenewstandardsforleaseimplementedcommencingfromyear2020
√Applicable□NotapplicableConsolidatedbalancesheet
InRMB
| Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
| Currentasset: | |||
| Monetaryfund | 409,564,847.52 | 409,564,847.52 | |
| Settlementprovision | |||
| Outgoingcallloan | |||
| Transactionalfinancialassets | 830,000,000.00 | 830,000,000.00 | |
| Derivativefinancialassets | |||
| Notesreceivable | 40,424,601.97 | 40,424,601.97 |
Accountreceivable
| Accountreceivable | 365,325,029.38 | 365,325,029.38 |
| Financingofreceivables | 17,933,597.98 | 17,933,597.98 |
| Prepayments | 18,445,857.53 | 18,445,857.53 |
| Insurancereceivable | ||
| Reinsurancereceivable | ||
| ProvisionsofReinsurancecontractsreceivable | ||
| Otheraccountreceivable | 12,440,761.13 | 12,440,761.13 |
| Including:Interestreceivable | 7,610,043.19 | 7,610,043.19 |
| Dividendreceivable | ||
| Repurchasingoffinancialassets | ||
| Inventories | 391,717,935.12 | 391,717,935.12 |
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | ||
| Othercurrentassets | 140,821,609.72 | 140,821,609.72 |
| Totalofcurrentassets | 2,226,674,240.35 | 2,226,674,240.35 |
| Non-currentassets： | ||
| Loansandpaymentonother’sbehalfdisbursed | ||
| Debtinvestment | ||
| Availableforsaleoffinancialassets | ||
| Otherinvestmentonbonds | ||
| Long-termreceivable | 152,209,929.72 | 152,209,929.72 |
| Longtermshareequityinvestment | 248,781,946.73 | 248,781,946.73 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 112,730,320.90 | 112,730,320.90 |
| Fixedassets | 903,229,077.83 | 903,229,077.83 |
| Constructioninprogress | 839,866,275.92 | 839,866,275.92 |
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 36,517,996.34 | 36,517,996.34 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | 2,692,750.67 | 2,692,750.67 |
Deferredincometaxasset
| Deferredincometaxasset | 5,618,026.43 | 5,618,026.43 | |
| Othernon-currentassets | 3,079,321.10 | 3,079,321.10 | |
| Totalofnon-currentassets | 2,304,725,645.64 | 2,304,725,645.64 | |
| Totalofassets | 4,531,399,885.99 | 4,531,399,885.99 | |
| Currentliabilities | |||
| Short-termloans | |||
| LoanfromCentralBank | |||
| Borrowingfunds | |||
| Transactionalfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | |||
| Accountpayable | 241,297,770.64 | 241,297,770.64 | |
| Advancereceipts | 30,530,117.62 | 28,180,668.72 | -2,349,448.90 |
| Contractliabilities | 2,349,448.90 | 2,349,448.90 | |
| Sellingofrepurchasedfinancialassets | |||
| Deposittakingandinterbankdeposit | |||
| Entrustedtradingofsecurities | |||
| Entrustedsellingofsecurities | |||
| Employees’wagepayable | 38,556,180.20 | 38,556,180.20 | |
| Taxpayable | 22,545,550.33 | 22,545,550.33 | |
| Otheraccountpayable | 152,645,780.14 | 152,645,780.14 | |
| Including:Interestpayable | |||
| Dividendpayable | |||
| Feesandcommissionspayable | |||
| Reinsurancefeepayable | |||
| Liabilitiesheldforsales | |||
| Non-currentliabilityduewithin1year | |||
| Othercurrentliability | |||
| Totalofcurrentliability | 485,575,398.93 | 485,575,398.93 | |
| Non-currentliabilities： | |||
| Reservefundforinsurancecontracts | |||
| Long-termloan | |||
| Bondpayable | |||
| Including:preferredstock |
Sustainabledebt
| Sustainabledebt | ||
| Leaseliability | ||
| Long-termpayable | ||
| Long-termremunerationpayabletostaff | ||
| Expectedliabilities | ||
| Deferredincome | 121,264,571.22 | 121,264,571.22 |
| Deferredincometaxliability | 69,944,345.66 | 69,944,345.66 |
| Othernon-currentliabilities | ||
| Totalnon-currentliabilities | 191,208,916.88 | 191,208,916.88 |
| Totalofliability | 676,784,315.81 | 676,784,315.81 |
| Owners’equity | ||
| Sharecapital | 509,338,429.00 | 509,338,429.00 |
| Otherequityinstruments | ||
| Including:preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 1,974,922,248.03 | 1,974,922,248.03 |
| Less:Sharesinstock | 16,139,003.40 | 16,139,003.40 |
| Othercomprehensiveincome | 119,737,783.31 | 119,737,783.31 |
| Specialreserve | ||
| Surplusreserves | 90,596,923.39 | 90,596,923.39 |
| Commonriskprovision | ||
| Retainedprofit | 49,307,764.03 | 49,307,764.03 |
| Totalofowner’sequitybelongtotheparentcompany | 2,727,764,144.36 | 2,727,764,144.36 |
| Minorityshareholders’equity | 1,126,851,425.82 | 1,126,851,425.82 |
| Totalofowners’equity | 3,854,615,570.18 | 3,854,615,570.18 |
| Totalofliabilitiesandowners’equity | 4,531,399,885.99 | 4,531,399,885.99 |
ParentCompanyBalanceSheet
InRMB
| Items | December31,2019 | January1,2020 | Amountinvolvedintheadjustment |
| Currentasset: | |||
| Monetaryfund | 27,979,338.37 | 27,979,338.37 | |
| Transactionalfinancialassets | 650,000,000.00 | 650,000,000.00 | |
| Derivativefinancialassets |
Notesreceivable
| Notesreceivable | ||
| Accountreceivable | 522,931.04 | 522,931.04 |
| Financingofreceivables | ||
| Prepayments | 768,099.94 | 768,099.94 |
| Otheraccountreceivable | 17,039,506.00 | 17,039,506.00 |
| Including:Interestreceivable | 7,329,228.31 | 7,329,228.31 |
| Dividendreceivable | ||
| Inventories | ||
| Contractassets | ||
| Assetsheldforsales | ||
| Non-currentassetduewithin1year | ||
| Othercurrentassets | ||
| Totalofcurrentassets | 696,309,875.35 | 696,309,875.35 |
| Non-currentassets： | ||
| Debtinvestment | ||
| Otherinvestmentonbonds | ||
| Long-termreceivable | ||
| Longtermshareequityinvestment | 2,102,430,511.88 | 2,102,430,511.88 |
| Otherequityinstrumentsinvestment | 206,816,952.64 | 206,816,952.64 |
| Othernon-currentfinancialassets | ||
| Propertyinvestment | 107,199,622.80 | 107,199,622.80 |
| Fixedassets | 25,500,695.77 | 25,500,695.77 |
| Constructioninprogress | 19,552.00 | 19,552.00 |
| Productionphysicalassets | ||
| Oil&gasassets | ||
| Userightassets | ||
| Intangibleassets | 659,937.75 | 659,937.75 |
| Developmentexpenses | ||
| Goodwill | ||
| Long-germexpensestobeamortized | 800,858.17 | 800,858.17 |
| Deferredincometaxasset | 5,466,478.06 | 5,466,478.06 |
| Othernon-currentassets | ||
| Totalofnon-currentassets | 2,448,894,609.07 | 2,448,894,609.07 |
| Totalofassets | 3,145,204,484.42 | 3,145,204,484.42 |
Currentliabilities
| Currentliabilities | |||
| Short-termloans | |||
| Transactionalfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | |||
| Accountpayable | 411,743.57 | 411,743.57 | |
| Advancereceipts | 2,878,936.58 | 639,024.58 | -2,239,912.00 |
| ContractLiabilities | 2,239,912.00 | 2,239,912.00 | |
| Employees’wagepayable | 11,910,175.11 | 11,910,175.11 | |
| Taxpayable | 20,801,961.18 | 20,801,961.18 | |
| Otheraccountpayable | 119,984,209.60 | 119,984,209.60 | |
| Including:Interestpayable | |||
| Dividendpayable | |||
| Liabilitiesheldforsales | |||
| Non-currentliabilityduewithin1year | |||
| Othercurrentliability | |||
| Totalofcurrentliability | 155,987,026.04 | 155,987,026.04 | |
| Non-currentliabilities： | |||
| Long-termloan | |||
| Bondpayable | |||
| Including:preferredstock | |||
| Sustainabledebt | |||
| Leaseliability | |||
| Long-termpayable | |||
| Long-termremunerationpayabletostaff | |||
| Expectedliabilities | |||
| Deferredincome | 600,000.00 | 600,000.00 | |
| Deferredincometaxliability | 66,953,097.14 | 66,953,097.14 | |
| Othernon-currentliabilities | |||
| Totalnon-currentliabilities | 67,553,097.14 | 67,553,097.14 | |
| Totalofliability | 223,540,123.18 | 223,540,123.18 | |
| Owners’equity | |||
| Sharecapital | 509,338,429.00 | 509,338,429.00 | |
| Otherequityinstruments |
Including:preferredstock
| Including:preferredstock | ||
| Sustainabledebt | ||
| Capitalreserves | 1,589,869,499.36 | 1,589,869,499.36 |
| Less:Sharesinstock | 16,139,003.40 | 16,139,003.40 |
| Othercomprehensiveincome | 110,764,037.74 | 110,764,037.74 |
| Specialreserve | ||
| Surplusreserves | 90,596,923.39 | 90,596,923.39 |
| Retainedprofit | 637,234,475.15 | 637,234,475.15 |
| Totalofowners’equity | 2,921,664,361.24 | 2,921,664,361.24 |
| Totalofliabilitiesandowners’equity | 3,145,204,484.42 | 3,145,204,484.42 |
AdjustmentstatementThemainchangesandimpactsoftheimplementationofthenewrevenuestandardonthecompanyareasfollows:
thecompanywillcollectsomeoftheadvancereceiptsthathavenotyetcompletedtheperformanceobligationsandreclassifythemascontractliabilitiesonJanuary1,2020andlater..
(2)Notetotheretroactiveadjustmentofthepreviouscomparativedataaccordingtothenewstandardsforfinancialinstrumentsandthenewstandardsforleaseimplementedcommencingfromyear2019
□Applicable√Notapplicable
3.Auditor’reportIstheThirdQuarterlyReportbeaudited?
□Yes√NoTheThirdQuarterlyreportisnotaudited.
TheBoardofDirectorsofShenzhenTextile(Holdings)Co.,Ltd.
October31,2020