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Shenzhen Textile (Holdings) Co., Ltd. 2019 Annual Report March 2020

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Shenzhen Textile (Holdings) Co., Ltd. 2019 Annual Report March 2020 Shenzhen Textile (Holdings) Co., Ltd. 2019 Annual Report March 2020 I. Important Notice, Table of Contents and Definitions The Board of Directors , Supervisory Committee, All Directors, Supervisors and Senior executives of the Company hereby guarantees that there are no misstatement, misleading representation or important omissions in this report and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof. Mr.Zhu Jun, The Company leader, Mr. He Fei, Person in charge of accounting works, Ms. Mu Linying,the person in charge of the accounting department (the person in charge of the accounting )hereby confirm the authenticity and completeness of the financial report enclosed in this annual report. All the directors attended the board meeting for the review of this Report. I. Concerning the forward-looking statements with future planning involved in the Report, they do not constitute a substantial commitment for investors, investors should be cautious with investment risks . II. The company has the macroeconomic risks, market competition risks and raw material risks. Investors are advised to pay attention to investment risks. For details, please refer to the possible risk factors that the company may face in the “IX Prospects for the future development of the company" in the “Section IV Discussion and Analysis of Business Operation”. III. The company to remind the majority of investors，Securities Time, China Securities Journal, Securities Daily, Shanghai Securities News , Hongkong Commercial Daily and Juchao Website（http://www.cninfo.com.cn） are the media for information disclosure appointed by the Company, all information under the name of the Company disclosed on the above said media shall prevail, and investors are advised to exercise caution of investment risks. This Report has been prepared in both Chinese and English. In case of any discrepancy, the Chinese version shall prevail. The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either. Table of Contents I.Important Notice, Table of contents and Definitions II. Basic Information of the Company and Financial index III. Outline of Company Business IV. Management’s Discussion and Analysis V. Important Events VI. Change of share capital and shareholding of Principal Shareholders VII. Situation of the Preferred Shares VIII. Information about convertible corporate bonds IX. Information about Directors, Supervisors and Senior Executives X. Administrative structure XI. Corporate Bond XII. Financial Report XIII. Documents available for inspection Definition Refers Terms to be defined Definition to Refers Company/The Company/ Shen Textile Shenzhen Textile (Holdings) Co., Ltd to Refers Articles of Association Articles of Association of Shenzhen Textile (Holdings) Co., Ltd to Actual controller / National Assets Regulatory Refers National Assets Regulatory Commission of Shenzhen Municipal People's Commission of Shenzhen Municipal People's to Government Government The Controlling shareholder/ Shenzhen Refers Shenzhen Investment Holding Co., Ltd. Investment Holding Co., Ltd. to Refers Shenchao Technology Shenzhen Shenchao Technology Investment Co., Ltd. to Refers SAPO Photoelectric Shenzhen SAPO Photoelectric Co., Ltd. to Refers Jinjiang Group Hangzhou Jinjiang Group Co., Ltd. to Refers Jinhang Investment Hangzhou Jinhang Equity Investment Fund Partnership (LP) to Refers Shenzhen City Consturction Group Shenzhen City Construction Development (Group) Co., Ltd. to Refers Nitto Denko Nitto Denko Corporation to Refers Kunshan Zhiqimei Kunshan Zhiqimei Material Technology Co., Ltd. to Refers Haohao Property Company Shenzhen Haohao Property Leasing Co., Ltd. to Refers Guanhua Company Shenzhen Guanhua Printing & Dyeing Co., Ltd. to Refers Line 6 TFT-LCD polarizer II phase Line 6 project to Refers Line 7 Industrialization project of polaroid for super large size TV to Refers “CSRC” China Securities Regulatory Commission to Refers Company Law Company Law of the People’s Republic of China to Refers Securities Law Securities Law of the People’s Republic of China to Refers The Report 2019 Annual Report to II. Basic Information of the Company and Financial index Ⅰ.Company Information Stock abbreviation Shen Textile A ,Shen Textile B Stock code 000045,200045 Stock exchange for listing Shenzhen Stock Exchange Name in Chinese 深圳市纺织(集团)股份有限公司 Chinese abbreviation (If any) 深纺织 English name (If any) SHENZHEN TEXTILE （HOLDINGS） CO.,LTD English abbreviation (If any) STHC Legal Representative Zhu Jun Registered address 6/F, Shenfang Building, No.3 Huaqiang North Road, Futian District, Shenzhen Postal code of the Registered 518031 Address Office Address 6/F, Shenfang Building, No.3 Huaqiang North Road, Futian District, Shenzhen Postal code of the office 518031 address Internet Web Site http://www.chinasthc.com E-mail [email protected] Ⅱ.Contact person and contact manner Board secretary Securities affairs Representative Name Jiang Peng Li Zhenyu 6/F, Shenfang Building, No.3 Huaqiang 6/F, Shenfang Building, No.3 Huaqiang Contact address North Road, Futian District, Shenzhen North Road, Futian District, Shenzhen Tel 0755-83776043 0755-83776043 Fax 0755-83776139 0755-83776139 E-mail [email protected] [email protected] Ⅲ. Information disclosure and placed Newspapers selected by the Company for information Securities Times, China Securities, Shanghai Securities Daily ,Securities disclosure Daily and Hongkong Commercial Daily. Internet website designated by CSRC for publishing http://www.cninfo.com.cn the Annual report of the Company The place where the Annual report is prepared and Secretarial office of the Board placed Ⅳ.Changes in Registration Organization Code 19217374-9 In July 2012, The business scope of the company is changed to "production, textiles processing, knitwear, clothing, upholstery fabrics, belts, trademark bands, handicrafts (without restrictions); general merchandise, the special equipment of the textile Changes in principal business activities industry, textile equipment and accessories, instruments, standard parts, raw textile since listing (if any) materials, dyes, electronic products, chemical products, mechanical and electrical equipment, light industrial products, office supplies and domestic trade (excluding the franchise, the control and the monopoly of goods) ; operation of import and export business." after approval of Shenzhen Market Supervisory Authority . In October 2004,In accordance with the Decision on Establishing Shenzhen Investment Holdings Co., Ltd. issued by State-owned Assets Administration Committee of Shenzhen Municipal People's Government (Shen Guo Zi Wei (2004) No. 223 Changes is the controlling shareholder in Document), Shenzhen Investment Management Co., Ltd., the controlling shareholder the past (is any) of the Company, and Shenzhen Construction Holding Company and Shenzhen Commerce and Trade Holding Company merged into Shenzhen Investment Holdings Co., Ltd. Ⅴ. Other Relevant Information CPAs engaged Name of the CPAs Peking Certified Public Accountants（Special Geneaal Partnership） Office address： 11/F, Zhongtang Building , No.110, Xihimen Street , Beijing Names of the Certified Public Long Zhe, Liu Ru Accountants as the signatories The sponsor performing persist ant supervision duties engaged by the Company in the reporting period. □ Applicable √Not applicable The sponsor performing persist ant supervision duties engaged by the Company in the reporting period. □ Applicable √ Not applicable VI.Summary of Accounting data and Financial index May the Company make retroactive adjustment or restatement of the accounting data of the previous years □ Yes √ No Changed over last year 2019 2018 2017 （％） Operating income（RMB） 2,158,184,855.71 1,272,356,771.34 69.62% 1,475,545,719.72 Net profit attributable to the shareholders of the listed company 19,679,910.43 -22,980,624.93 185.64% 52,776,101.46 （RMB） Net profit after deducting of non-recurring gain/loss attributable -41,179,849.56 -65,404,429.81 37.04% 3,140,446.26 to the shareholders of listed company（RMB） Cash flow generated by business 383,145,788.50 -460,494,321.15 183.20% -28,518,702.31 operation, net（RMB） Basic earning per 0.04 -0.04 200.00% 0.10 share(RMB/Share) Diluted gains per 0.04 -0.04 200.00% 0.10 share(RMB/Share)(RMB/Share) Weighted average ROE(%) 0.75% -0.96% 1.71% 2.23% End of Changed over last year End of 2019 End of 2017 2018 （％） Gross assets（RMB） 4,531,399,885.99 4,619,203,416.79 -1.90% 4,195,746,507.56 Net assets attributable to shareholders of the listed company 2,727,764,144.36 2,373,329,991.86 14.93% 2,397,474,603.79 （RMB） VII.The differences between domestic and international accounting standards 1．Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in the financial reports of differences in net income and net assets. □ Applicable□√ Not applicable Nil 2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards. □ Applicable √Not applicable Nil VIII.Main Financial Index by Quarters In RMB First quarter Second quarter Third quarter Fourth quarter Operating income 592,839,958.12 416,023,337.38 631,655,475.88 517,666,084.33 Net profit attributable to the 10,381,938.06 -2,549,650.08 9,061,067.98 2,786,554.47 shareholders of the listed company Net profit after deducting of non-recurring gain/loss attributable 7,034,190.76 -17,582,772.96 -1,542,112.46 -29,089,154.90 to the shareholders of listed company Net Cash flow generated by 23,567,172.13 259,190.22 262,706,321.30 96,613,104.85 business operation Whether significant variances exist between the above financial index or the index with its sum and the financial index of the quarterly report as well as semi-annual report index disclosed by the Company. □ Yes √No IX.Items and amount of non-current gains and losses √Applicable □Not applicable In RMB Items Amount (2019) Amount (2018) Amount (2017) Notes Non-current asset disposal Mainly due to the gain/loss(including the write-off part for 54,895,878.65 -97,477.14 -52,131.44 disposal of long-term which assets impairment provision is made) equity investments.
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