Stock code: 000045,200045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No. :2023-39
Shenzhen Textile (Holdings) Co., Ltd.The Third Quarterly Report 2023
The members of the Board and the Company acknowledge being responsible for the truthfulness, accuracy, and completenessof the announcement. Not any false record, misleading statement or significant omission carried in this announcementImportant NoticeThe Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of theCompany hereby guarantees that there are no misstatement, misleading representation or important omissions inthis report and shall assume joint and several liability for the authenticity, accuracy and completeness of thecontents hereof.
2. Person in charge of the Company, head of accounting and person in charger of accounting organ (accountingofficer) hereby confirm that the financial information of this Quarterly Report is authentic, accurate and complete.
3. The third quarterly report audited or not
□Yes √No
I. Main financial data(i) Main accounting data and financial indexesIndicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √No
| Current period | Increase/decrease in the period compared with the same period of the previous year | Year-begin to period-end | Increase/decrease from year-begin to period-end compared with the same period of the previous year | |
| Operating income（RMB） | 827,289,643.21 | 22.22% | 2,317,385,312.76 | 9.21% |
| Net profit attributable to the shareholders of the listed company（RMB） | 30,277,434.06 | 114.49% | 66,584,597.03 | 17.75% |
| Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（RMB） | 26,677,203.43 | 174.16% | 54,364,530.04 | 21.62% |
| Cash flow generated by business operation, net（RMB） | — | — | 64,740,508.96 | -44.14% |
| Basic earning per share(RMB/Share) | 0.0598 | 114.34% | 0.1315 | 17.83% |
| Diluted gains per share(RMB/Share)(RMB/Share) | 0.0598 | 114.34% | 0.1315 | 17.83% |
| Weighted average ROE(%) | 1.05% | 0.55% | 2.32% | 0.32% |
| End of this period | End of last period | Changes of this period-end over same period-end of last year(%) | ||
| Gross assets（RMB） | 5,741,166,019.48 | 5,617,137,367.90 | 2.21% | |
| Net assets attributable to the shareholders of the listed company（RMB） | 2,885,682,841.55 | 2,849,264,555.21 | 1.28% | |
（ii）Items and amount of non-current gains and losses Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
| Items | Current amount | Year-begin to period-end | Note |
| Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 0.00 | 321.08 | |
| Governmental subsidy calculated into current gains and losses(while closely related with the normal business of the Company, the government subsidy that accord with the provision of national policies and are continuously enjoyed in line with a certain standard quota or quantity are excluded) | 9,065,102.42 | 28,434,409.97 | Mainly for the government subsidies |
| Other non-operating income and expenses other than the above | -2,077,510.48 | -4,713,703.74 | Mainly for quality compensation |
| Less: impact on income tax | 1,042,626.12 | 3,546,815.78 | |
| Impact on minority shareholders’ equity (post-tax) | 2,344,735.19 | 7,954,144.54 | |
| Total | 3,600,230.63 | 12,220,066.99 | -- |
Details of other profit and loss items that meet the non-recurring profit and loss definition
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/lossin Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss
□ Applicable √ Not applicable
There are no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/lossin Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss(iii)Particulars about material changes in items of main accounting statement and financial index andexplanations of reasons
√ Applicable □Not applicable
| Items | Ending balance(RMB '0,000) | Operating balance(RMB '0,000) | Changes ratio | Reasons of changes |
| Monetary funds | 47,029.04 | 99,179.00 | -52.58% | Mainly due to the purchase of wealth management products and the repayment of long-term loans |
| Trading financial assets | 77,172.73 | 31,960.54 | 141.46% | Mainly due to the purchase of wealth management products. |
| Account receivable | 88,912.77 | 63,658.35 | 39.67% | Mainly due to the increase in sales and the extension of credit periods. |
| Financing receivable | 1,961.54 | 5,441.38 | -63.95% | Mainly due to the endorsement of notes receivable and settlement at maturity. |
| Prepayments | 3,438.08 | 1,839.14 | 86.94% | Mainly due to the increase in prepaid material payments. |
| Other account receivable | 441.61 | 1,058.60 | -58.28% | Mainly due to the lifting of restrictions on restricted funds. |
| Construction in progress | 6,155.24 | 3,806.16 | 61.72% | Mainly due to the new RTP project in this period. |
| Long-germ expenses to be amortized | 296.16 | 447.10 | -33.76% | Mainly due to expenses amortization in the current period. |
| Other non-current asset | 2,789.15 | 4,255.30 | -34.45% | Mainly to the decrease in prepaid equipment payments. |
| Account payable | 43,989.46 | 32,704.99 | 34.50% | Mainly due to the increase in stock of goods and materials due to the increase of production. |
| Contract liabilities | 830.04 | 427.41 | 94.20% | Mainly due to the increase in the in-advance receipt of development service fees of the partners. |
| Items | Amount at the period(RMB '0,000) | Amount at the same period of last year(RMB '0,000) | Changes ratio | Reasons of changes |
| R&D expense | 8,086.35 | 5,916.90 | 36.67% | Mainly due to the increased investment in R&D. |
| Financial expenses | -348.18 | 186.80 | -286.39% | Mainly due to the decrease in interest expense and the increase in interest income. |
| Investment gain | 1,053.20 | 1,572.65 | -33.03% | Mainly due to the recognition of the decrease in investment income from the joint venture. |
| Credit impairment loss | -1,591.69 | -8.88 | -17824.44% | Mainly due to the increase in accounts receivable balance and the increase in the credit impairment provision ratio due to higher sales. |
| Other income | 2,843.44 | 1,865.06 | 52.46% | Mainly due to the increase in government subsidies. |
| Assets disposal income | 0.03 | -1.11 | 102.70% | Mainly due to the increase in the loss of disposal of fixed assets in the same period of the previous |
| year. | ||||
| Non-operational income | 61.42 | 188.22 | -67.37% | Mainly due to the increase in reimbursement payments received from vendors during the same period last year. |
| Non-operating expense | 532.79 | 93.34 | 470.81% | Mainly due to the increase in quality compensation in the current period. |
| Income tax expenses | 895.27 | 63.71 | 1305.23% | Mainly due to the increase in taxable income in the current period. |
| Net cash generated from /used in operating activities | 6,474.06 | 11,590.18 | -44.14% | Mainly due to the recovery of customs deposits and incremental tax refunds in the same period of the previous year. |
| Net cash flow generated by investment | -49,869.10 | 13,905.02 | -458.64% | Mainly due to the purchase of wealth management products in the current period. |
| Net cash flow generated by financing | -12,923.56 | 186.82 | -7017.65% | Mainly due to the repayment of long-term borrowings. |
II. Shareholders
(i)Total number of common shareholders and preference shareholders with voting rights recovered andtop ten shareholders
In Shares
| Total number of common shareholders at the end of report period | 27,662 | Total preference shareholders with voting rights recovered at end of reporting period (if applicable) | 0 | ||||||||
| Top ten shareholders | |||||||||||
| Shareholder’s name | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of lock-up shares held | Information of shares pledged, tagged or frozen | ||||||
| State of share | Amount | ||||||||||
| Shenzhen Investment Holdings Co., Ltd. | State-owned legal person | 46.21% | 234,069,436 | ||||||||
| Shenzhen Shenchao Technology Investment Co., Ltd. | State-owned legal person | 3.18% | 16,129,032 | ||||||||
| Sun Huiming | Domestic Nature person | 1.26% | 6,399,653 | ||||||||
| Zhangzhou Xiaotian Venture Capital Co., Ltd. | Domestic non-state-owned legal person | 0.83% | 4,188,800 | ||||||||
| Chen Zhaoyao | Domestic Nature person | 0.74% | 3,731,200 | ||||||||
| Su Weipeng | Domestic Nature person | 0.71% | 3,580,000 | Pledge | 2,800,000 | ||||||
| China Construction Bank Co., Ltd －Xinao new energy industry equity securities investment fund | Other | 0.68% | 3,466,484 | ||||||||
| Chen Xiaobao | Domestic Nature person | 0.62% | 3,156,484 | ||||||||
| Li Zengmao | Domestic Nature person | 0.55% | 2,764,697 | ||||||||
| Peng Xun | Domestic Nature person | 0.33% | 1,652,800 | ||||||||
| Shareholding of top 10 shareholders of unrestricted shares | |||||||||||
| Name of the shareholder | Quantity of unrestricted shares held at the end of the reporting period | Share type | |||||||||
| Share type | Quantity | ||||||||||
| Shenzhen Investment Holdings Co., Ltd. | 234,069,436 | RMB Common | 234,069,436 | ||||||||
| shares | ||||
| Shenzhen Shenchao Technology Investment Co., Ltd. | 16,129,032 | RMB Common shares | 16,129,032 | |
| Sun Huiming | 6,399,653 | Foreign shares placed in domestic exchange | 6,399,653 | |
| Zhangzhou Xiaotian Venture Capital Co., Ltd. | 4,188,800 | RMB Common shares | 4,188,800 | |
| Chen Zhaoyao | 3,731,200 | RMB Common shares | 3,731,200 | |
| Su Weipeng | 3,580,000 | RMB Common shares | 3,580,000 | |
| China Construction Bank Co., Ltd －Xinao new energy industry equity securities investment fund | 3,466,484 | RMB Common shares | 3,466,484 | |
| Chen Xiaobao | 3,156,484 | RMB Common shares | 3,156,484 | |
| Li Zengmao | 2,764,697 | RMB Common shares | 2,764,697 | |
| Peng Xun | 1,652,800 | RMB Common shares | 1,652,800 | |
| Related or acting-in-concert parties among shareholders above | Shenzhen Investment Holdings Co., Ltd. and Shenzhen Shenchao Technology Investment Co., Ltd., which are both under the actual control of the State-owned Assets Supervision and Administration Commission of the Shenzhen Municipal People's Government, are the concerted actors. In addition, the Company is unclear about whether there is any association among the top 10 shareholders of unrestricted circulation shares, or between the top 10 shareholders of unrestricted circulation shares and the top 10 shareholders, or whether they are concerted actors as stipulated in the Administrative Measures for the Disclosure of Shareholding Information of Shareholders in Listed Companies. | |||
| Explanation on shareholders participating in the margin trading business(if any ) | None | |||
(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferredstock held
□ Applicable √ Not applicable
III. Other important matters
√Applicable □Not applicable
（I）The progress of this reorganizationAccording to the relevant regulations of Shenzhen Stock Exchange, upon the application of the company,the shares of the company were suspended from trading on the morning of December 19, 2022. On December30, 2022, the company held the nineteenth meeting of the Eighth Board of Directors and the thirteenth meetingof the Eighth Board of Supervisors, and deliberated and passed the Proposal on the "Plan for Shenzhen Textile(Group) Co., Ltd. to Issue Shares, Pay Cash to Purchase Assets and Raise Matching Funds and Related PartyTransactions" and Its Summary and other proposals related to this transaction. The company's shares resumedtrading on the morning of January 3, 2022. The Company intends to purchase 100% equity of HengmeiOptoelectronics Co., Ltd. by issuing shares and paying cash, and at the same time, it plans to raise matchingfunds from non-public offering of shares to no more than 35 qualified specific targets (hereinafter referred to as"this transaction"). This transaction constitutes a related party transaction and is expected to constitute a majorasset restructuring, but it does not constitute a restructuring and listing, nor will it lead to the change of theactual controller of the company. This transaction is conducive to the company's strong alliance in the polarizer
industry, rapidly increasing the production scale of polarizers, optimizing the layout of industrial chain anddeepening the depth of technical reserves, making the company move towards a new level of high-qualitydevelopment. Meanwhile, this major asset restructuring is in line with the relevant development strategies of thecountry and Shenzhen, and has positive significance for ensuring the security of the national new display supplychain.
Since the disclosure of the transaction plan, the Company and the relevant parties have actively promotedthe audit, evaluation, due diligence and other work involved in this transaction. According to the requirementsof relevant laws and regulations, the Company shall convene the meeting of the board of directors before June30, 2023 to consider the draft restructuring report and issue a notice of convening a general meeting ofshareholders. Since the validity period of the financial data of the target company of this transaction is about toexpire, the intermediary intends to conduct additional audits and supplementary due diligence, and theCompany still needs to communicate and negotiate the details of the transaction with the counterparty, there isuncertainty as to whether to adjust the restructuring plan, therefore the Company can not disclose the draftrestructuring report plan and issue a notice of convening a general meeting of shareholders before June 30,2023.After mutual consensus among all parties involved in the transaction, the Company will continue toadvance this transaction. For details, please refer to the Company's Announcement No. 2023-29 on CNINF(http://www.cninfo.com.cn)Presently, the Company is further communicating and negotiating the details of the transaction with thecounterparty, and coordinating with various intermediaries to carry out additional audit, assessment andsupplementary due diligence of the target company, as well as negotiating with the counterparty to determinethe transaction plan and perform the state-owned assets approval procedures. Upon completion of the relevantwork, the Company will reconvene the meeting of the Board of Directors to consider matters related to thetransaction, and the date of the announcement of the resolution of the Board of Directors will be used as thepricing reference date for the shares to be issued for the transaction.
（2） Disposal of assets of the joint venture company Shenzhen Xieli
Shenzhen Xieli Automobile Enterprise Co., Ltd. (hereinafter referred to as "Shenzhen Xieli") is a Sinoforeign joint venture established by the company and Hong Kong Xieli Maintenance Company in 1981, with aregistered capital of 3.12 million yuan. The company holds 50% of the equity. The company's operating periodended in 2008 and its business license was revoked in 2014. The company's main assets are real estate. InMarch 2020, Shenzhen Xieli Industrial and Commercial Co., Ltd. has been cancelled, but there are still threeproperties under its name that need to be resolved through further negotiation between the shareholders of bothparties.
On July 26, 2021, the Company filed a complaint with the People's Court of Yantian District, ShenzhenCity, Guangdong Province to revoke the approval of cancelation of Shenzhen Xieli Automobile Enterprise Co.,Ltd by the Shenzhen Market Supervision and Administration Bureau. In November 2021, the court ruled torevoke the aforementioned approval of cancellation. Hong Kong Xieli Maintenance Company and ShenzhenMarket Supervision and Administration Bureau were not satisfied and submitted appeal petitions to theShenzhen Intermediate People's Court respectively. On June 28, 2022, the Shenzhen Intermediate People'sCourt ruled in the second instance: revoked the administrative judgment-No. 1883(2021) Yue 0308 Xingchuofthe Yantian District People's Court of Shenzhen City, Guangdong Province, and remanded it to the YantianDistrict People's Court of Shenzhen City, Guangdong Province for a new trial.
After a new trial, the Yantian District People's Court ruled in favor of the Company on December 30, 2022,and revoked the administrative act of Shenzhen Xieli to cancel its registration. The third party in the originaltrial, Hong Kong Xieli Maintenance Company, was not satisfied and appealed to the Shenzhen Intermediate
People's Court on January 10, 2023. Later, as Hong Kong Xieli Maintenance Company failed to pay the caseacceptance fee in advance, the Shenzhen Intermediate People's Court issued the No. 387(2023) Yue 03 XingFinal Administrative Ruling, ruling that the appellant Hong Kong Xieli Maintenance Company in the casewithdraws its appeal.IV. Quarterly financial statements(i) Financial statement
1. Consolidated balance sheet
Prepared by: Shenzhen Textile (Holdings) Co., Ltd.September 30,2023
In RMB
| Items | September 30,2023 | January 1, 2023 |
| Current asset： | ||
| Monetary fund | 470,290,439.35 | 991,789,968.19 |
| Settlement provision | ||
| Outgoing call loan | ||
| Transactional financial assets | 771,727,264.85 | 319,605,448.44 |
| Derivative financial assets | ||
| Notes receivable | 68,775,717.88 | 74,619,100.26 |
| Account receivable | 889,127,673.50 | 636,583,469.93 |
| Financing receivable | 19,615,428.60 | 54,413,796.91 |
| Prepayments | 34,380,815.12 | 18,391,444.67 |
| Insurance receivable | ||
| Reinsurance receivable | ||
| Provisions of Reinsurance contracts receivable | ||
| Other account receivable | 4,416,065.59 | 10,585,975.38 |
| Including：Interest receivable | ||
| Dividend receivable | ||
| Repurchasing of financial assets | ||
| Inventories | 699,016,900.84 | 558,447,648.77 |
| Contract assets | ||
| Assets held for sales | ||
| Non-current asset due within 1 year | ||
| Other current asset | 63,184,824.60 | 69,535,531.24 |
| Total of current assets | 3,020,535,130.33 | 2,733,972,383.79 |
| Non-current assets： | ||
| Loans and payment on other’s behalf disbursed | ||
| Creditors' right investment | ||
| Other creditors' right investment | ||
| Long-term receivable | ||
| Long term share equity investment | 130,383,936.52 | 134,481,835.74 |
| Long-term equity instrument investment | 167,678,283.27 | 167,678,283.27 |
| Other non-current financial assets | ||
| Property investment | 120,062,786.14 | 126,315,834.76 |
| Fixed assets | 2,086,641,378.65 | 2,240,221,656.36 |
| Construction in progress | 61,552,360.40 | 38,061,619.60 |
| Production physical assets |
| Oil & gas assets | ||
| Use right assets | 14,986,786.35 | 15,365,393.88 |
| Intangible assets | 40,572,571.45 | 44,192,571.95 |
| Development expenses | ||
| Goodwill | ||
| Long-germ expenses to be amortized | 2,961,561.72 | 4,470,957.79 |
| Deferred income tax asset | 67,899,705.20 | 69,823,814.29 |
| Other non-current asset | 27,891,519.45 | 42,553,016.47 |
| Total of non-current assets | 2,720,630,889.15 | 2,883,164,984.11 |
| Total of assets | 5,741,166,019.48 | 5,617,137,367.90 |
| Current liabilities | ||
| Short-term loans | 8,000,000.00 | 7,000,000.00 |
| Loan from Central Bank | ||
| Borrowing funds | ||
| Transactional financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 26,361,144.87 | 0.00 |
| Account payable | 439,894,591.02 | 327,049,873.70 |
| Advance receipts | 1,304,306.94 | 1,393,344.99 |
| Contract liabilities | 8,300,395.37 | 4,274,109.40 |
| Selling of repurchased financial assets | ||
| Deposit taking and interbank deposit | ||
| Entrusted trading of securities | ||
| Entrusted selling of securities | ||
| Employees’ wage payable | 59,413,335.42 | 61,166,444.90 |
| Tax payable | 8,985,760.00 | 8,897,312.51 |
| Other account payable | 185,502,332.42 | 197,345,455.37 |
| Including：Interest payable | ||
| Dividend payable | ||
| Fees and commissions payable | ||
| Reinsurance fee payable | ||
| Liabilities held for sales | ||
| Non-current liability due within 1 year | 109,505,189.52 | 104,183,438.22 |
| Other current liability | 103,379,047.89 | 92,945,741.78 |
| Total of current liability | 950,646,103.45 | 804,255,720.87 |
| Non-current liabilities： | ||
| Reserve fund for insurance contracts | ||
| Long-term loan | 531,736,753.70 | 607,421,585.00 |
| Bond payable | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Lease liability | 8,681,857.24 | 8,628,672.71 |
| Long-term payable | ||
| Long-term remuneration payable to staff | ||
| Expected liabilities | ||
| Deferred income | 101,641,808.72 | 117,814,796.10 |
| Deferred income tax liability | 48,460,022.97 | 47,974,267.80 |
| Other non-current liabilities | ||
| Total non-current liabilities | 690,520,442.63 | 781,839,321.61 |
| Total of liability | 1,641,166,546.08 | 1,586,095,042.48 |
| Owners’ equity | ||
| Share capital | 506,521,849.00 | 506,521,849.00 |
| Other equity instruments | ||
| Including：preferred stock | ||
| Sustainable debt | ||
| Capital reserves | 1,961,599,824.63 | 1,961,599,824.63 |
| Less：Shares in stock | ||
| Other comprehensive income | 109,821,609.56 | 109,596,609.31 |
| Special reserve | ||
| Surplus reserves | 100,909,661.32 | 100,909,661.32 |
| Common risk provision | ||
| Retained profit | 206,829,897.04 | 170,636,610.95 |
| Total of owner’s equity belong to the parent company | 2,885,682,841.55 | 2,849,264,555.21 |
| Minority shareholders’ equity | 1,214,316,631.85 | 1,181,777,770.21 |
| Total of owners’ equity | 4,099,999,473.40 | 4,031,042,325.42 |
| Total of liabilities and owners’ equity | 5,741,166,019.48 | 5,617,137,367.90 |
Legal Representative: Yin KefeiPerson in charge of accounting：He FeiAccounting Dept Leader: Huang Min
2. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
| Items | Current period | Last period |
| I. Total operating income | 2,317,385,312.76 | 2,122,038,324.26 |
| Including: Operating income | 2,317,385,312.76 | 2,122,038,324.26 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 2,158,341,589.72 | 1,998,673,168.36 |
| Including: Operating cost | 1,951,681,550.07 | 1,809,191,065.23 |
| Interest expense | ||
| Commission charge and commission expense | ||
| Cash surrender value | ||
| Net amount of expense of compensation | ||
| Net amount of withdrawal of insurance contract reserve | ||
| Bonus expense of guarantee slip | ||
| Reinsurance expense | ||
| Tax and extras | 6,741,061.59 | 6,182,079.66 |
| Sales expense | 25,113,037.81 | 27,585,766.98 |
| Administrative expense | 97,424,211.28 | 94,677,249.25 |
| R&D expense | 80,863,547.15 | 59,169,009.30 |
| Financial expenses | -3,481,818.18 | 1,867,997.94 |
| Including: Interest expenses | 20,718,894.44 | 24,061,322.83 |
| Interest income | 10,302,226.08 | 3,157,162.86 |
| Add: other income | 28,434,409.97 | 18,650,648.01 |
| Investment income (Loss is listed with “-”) | 10,532,038.03 | 15,726,531.05 |
| Including: Investment income on affiliated company and joint venture | -4,144,259.37 | -259,269.65 |
| The termination of income recognition for financial assets measured by amortized cost | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging income (Loss is listed with “-”) | ||
| Income from change of fair value (Loss is listed with “-”) | ||
| Loss of credit impairment (Loss is listed with “-”) | -15,916,863.36 | -88,779.12 |
| Losses of devaluation of asset (Loss is listed with “-”) | -69,422,857.27 | -66,843,100.94 |
| Income from assets disposal (Loss is listed with “-”) | 321.08 | -11,114.72 |
| III. Operating profit (Loss is listed with “-”) | 112,670,771.49 | 90,799,340.18 |
| Add: Non-operating income | 614,225.47 | 1,882,156.93 |
| Less: Non-operating expense | 5,327,929.21 | 933,355.03 |
| IV. Total profit (Loss is listed with “-”) | 107,957,067.75 | 91,748,142.08 |
| Less: Income tax expense | 8,952,702.48 | 637,078.69 |
| V. Net profit (Net loss is listed with “-”) | 99,004,365.27 | 91,111,063.39 |
| (i) Classify by business continuity | ||
| 1. Net profit from continuing operations (net loss listed with “-”) | 99,004,365.27 | 91,111,063.39 |
| 2. Net profit from termination of operations (net loss listed with “-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | 66,584,597.03 | 56,549,475.58 |
| 2.Minority shareholders’ gains and losses | 32,419,768.24 | 34,561,587.81 |
| VI. Net after-tax of other comprehensive income | 344,093.65 | 174,097.19 |
| Net after-tax of other comprehensive income attributable to owners of parent company | 225,000.25 | 174,097.19 |
| (i) Other comprehensive income items which will not be reclassified subsequently to profit of loss | ||
| 1.Changes of the defined benefit plans that re-measured | ||
| 2.Other comprehensive income under equity method that cannot be transfer to gain/loss | ||
| 3.Change of fair value of investment in other equity instrument | ||
| 4.Fair value change of enterprise's credit risk | ||
| 5. Other | ||
| (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss | 225,000.25 | 174,097.19 |
| 1.Other comprehensive income under equity method that can transfer to gain/loss | ||
| 2.Change of fair value of other debt investment | 178,640.10 | 0.00 |
| 3.Amount of financial assets re-classify to other comprehensive income | ||
| 4.Credit impairment provision for other debt investment | ||
| 5.Cash flow hedging reserve | ||
| 6.Translation differences arising on translation of foreign currency financial statements | 46,360.15 | 174,097.19 |
| 7.Other | ||
| Net after-tax of other comprehensive income attributable to minority shareholders | 119,093.40 | 0.00 |
| VII. Total comprehensive income | 99,348,458.92 | 91,285,160.58 |
| Total comprehensive income attributable to owners of parent Company | 66,809,597.28 | 56,723,572.77 |
| Total comprehensive income attributable to minority shareholders | 32,538,861.64 | 34,561,587.81 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | 0.1315 | 0.1116 |
| (ii) Diluted earnings per share | 0.1315 | 0.1116 |
Legal Representative: Yin KefeiPerson in charge of accounting：He FeiAccounting Dept Leader: Huang Min
3. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
| Item | Current period | Last period |
| I. Cash flows arising from operating activities: |
| Cash received from selling commodities and providing labor services | 2,086,209,515.29 | 2,044,749,583.04 |
| Net increase of customer deposit and interbank deposit | ||
| Net increase of loan from central bank | ||
| Net increase of capital borrowed from other financial institution | ||
| Cash received from original insurance contract fee | ||
| Net cash received from reinsurance business | ||
| Net increase of insured savings and investment | ||
| Cash received from interest, commission charge and commission | ||
| Net increase of capital borrowed | ||
| Net increase of returned business capital | ||
| Net cash received by agents in sale and purchase of securities | ||
| Write-back of tax received | 5,618,351.26 | 102,084,755.82 |
| Other cash received concerning operating activities | 120,957,976.01 | 223,098,022.41 |
| Subtotal of cash inflow arising from operating activities | 2,212,785,842.56 | 2,369,932,361.27 |
| Cash paid for purchasing commodities and receiving labor service | 1,846,472,743.97 | 1,962,651,670.28 |
| Net increase of customer loans and advances | ||
| Net increase of deposits in central bank and interbank | ||
| Cash paid for original insurance contract compensation | ||
| Net increase of capital lent | ||
| Cash paid for interest, commission charge and commission | ||
| Cash paid for bonus of guarantee slip | ||
| Cash paid to/for staff and workers | 192,492,635.92 | 187,871,082.89 |
| Taxes paid | 32,358,463.62 | 27,776,039.08 |
| Other cash paid concerning operating activities | 76,721,490.09 | 75,731,785.57 |
| Subtotal of cash outflow arising from operating activities | 2,148,045,333.60 | 2,254,030,577.82 |
| Net cash flows arising from operating activities | 64,740,508.96 | 115,901,783.45 |
| II. Cash flows arising from investing activities: | ||
| Cash received from recovering investment | 0.00 | 27,930,000.00 |
| Cash received from investment income | 11,349,359.54 | 6,259,724.70 |
| Net cash received from disposal of fixed, intangible and other long-term assets | 9,550.00 | 2,776.70 |
| Net cash received from disposal of subsidiaries and other units | ||
| Other cash received concerning investing activities | 760,719,927.09 | 795,000,000.00 |
| Subtotal of cash inflow from investing activities | 772,078,836.63 | 829,192,501.40 |
| Cash paid for purchasing fixed, intangible and other long-term assets | 26,982,886.70 | 40,142,302.73 |
| Cash paid for investment | ||
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | 1,243,787,000.00 | 650,000,001.00 |
| Subtotal of cash outflow from investing activities | 1,270,769,886.70 | 690,142,303.73 |
| Net cash flows arising from investing activities | -498,691,050.07 | 139,050,197.67 |
| III. Cash flows arising from financing activities | ||
| Cash received from absorbing investment | ||
| Including: Cash received from absorbing minority shareholders’ investment by subsidiaries | ||
| Cash received from loans | 3,000,000.00 | 50,572,000.00 |
| Other cash received concerning financing activities | ||
| Subtotal of cash inflow from financing activities | 3,000,000.00 | 50,572,000.00 |
| Cash paid for settling debts | 72,926,546.08 | 0.00 |
| Cash paid for dividend and profit distributing or interest paying | 50,640,572.66 | 48,703,785.07 |
| Including: Dividend and profit of minority shareholder paid by subsidiaries | ||
| Other cash paid concerning financing activities | 8,668,531.69 | 0.00 |
| Subtotal of cash outflow from financing activities | 132,235,650.43 | 48,703,785.07 |
| Net cash flows arising from financing activities | -129,235,650.43 | 1,868,214.93 |
| IV. Influence on cash and cash equivalents due to fluctuation in | -992,076.53 | 1,492,953.49 |
| exchange rate | ||
| V. Net increase of cash and cash equivalents | -564,178,268.07 | 258,313,149.54 |
| Add: Balance of cash and cash equivalents at the period-begin | 874,474,834.46 | 302,408,433.72 |
| VI. Balance of cash and cash equivalents at the period-end | 310,296,566.39 | 560,721,583.26 |
（ii）The Company started implementing the updated accounting standards commencing from 2023 andadjusted the relevant items in the financial statements at the beginning of the very year involved in theinitial implementation of the said standards
□Applicable √Not applicable
(iii) Audit reportWhether the First quarterly report has been audited or not
□Yes √ No
The Third quarterly report of the Company has not been audited.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 28, 2023