Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017 Shenzhen Textile (Holdings) Co., Ltd.
The First Quarterly Report 2017
April 2017
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017 1 Important Notice
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. All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Zhu Jun, Person in charge of the Company, Mr. Zhu Jun, Chief financial officer and the Mr. Mu Linying Jun, 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 Quarterly Report .
This Report has been prepared in both Chinese and English , In case any discrepancy , the Chinese version shall prevail.
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017 II. Basic Information of the Company
I. Main financial data and financial index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not.
□ Yes√ No
|||||
|-|-|-|-|
||||Changes of this period over|
||This period|Same period of last year|same period of last year|
||||（％）|
|Operating income（RMB）|272,392,669.11|262,310,373.65|3.84%|
|Net profit attributable to the shareholders|4,302,137.37|-10,246,461.60||
||||141.99%|
|of the listed company（RMB）||||
|Net profit after deducting of non-recurring||||
|gain/loss attributable to the shareholders of|-2,285,765.61|-11,444,624.15|80.03%|
|listed company（RMB）||||
|Cash flow generated by business operation,|-185,774,958.96|-23,635,239.84||
||||686.01%|
|net（RMB）||||
|Basic earning per share(RMB/Share)|0.0085|-0.020|142.50%|
|Diluted gains per|0.0085|-0.020||
||||142.50%|
|share(RMB/Share)(RMB/Share)||||
|Weighted average return on equity（%）|0.13%|-0.47%|0.60%|
||||Changes of this period-end|
||End of this period|End of last period|over same period-end of last|
||||year(%)|
|Gross assets（RMB）|4,137,910,846.36|4,119,586,266.47|0.44%|
|Net assets attributable to the shareholders|2,343,643,908.47|2,339,554,176.31||
||||0.17%|
|of the listed company（RMB）||||

Items and amount of non-current gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Amount (Year-beginning to||
|Items||Notes|
||the end of the report period.)||
|Non-current asset disposal gain/loss(including the write-off part|||
||-3,182.59||
|for which assets impairment provision is made)|||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|||Special assistance fund of|
|||300,000 yuan and finance|
|||discount of 60,486.12 yuan are|
|||raised for the II-phase|
|||reorganization and expansion.|
|||324,999.99 yuan as fiscal|
|||assistance is raised for Pingshan|
|||project. The narrow range|
|||allowance for the first-phase|
|||project is 125,000.01 yuan.|
|||Amortization of polarizing|
|||material engineering lab is|
|||125,000.01 yuan. The grant for|
|Govemment subsidy recognized in current gain and|||
|||imported equipment and|
|loss(excluding those closely related to the Company’s business|3,974,855.70||
|||technology is 43,772.55 yuan.|
|and granted under the state’s policies)|||
|||Supporting funds toward strategic|
|||emerging industry from NDRC is|
|||12,500.01 yuan. Fiscal allowance|
|||for innovative entrepreneurship|
|||of first-phase project is 12,500.01|
|||yuan. Fiscal allowance for|
|||encouraging to bring in advanced|
|||technology from Shenzhen|
|||municipal government is|
|||3,597.00 yuan. The grant from|
|||municipal R&D center is|
|||75,000.00 yuan；Enterprise R &|
|||D subsidy of RMB 2,892,000.00.|
|Profit /loss on entrusting others with investments or asset||Earnings from wealth|
||7,008,333.33||
|management||management products|
|Other non-operating income and expenditure except for the|||
||502.00||
|aforementioned items|||
|Less: Amount of influence of income tax|-670.15||
|Amount of influence of minority interests（After tax）|4,393,275.61||
|Total|6,587,902.98|--|

For theCompany’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
□Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017 disclosure explanatory Announcement No.1- Non–recurring gain/loss in the report period.
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the Shares Held by Top Ten Common Shareholders
In shares
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Total preference shareholders|||||
|Total number of common||||with the voting power|||||
|||43,531|||||0||
|shareholders at the period-end||||recovered at the end of the|||||
|||||reporting period(if any)|||||
|Shares held by the top 10 shareholders|||||||||
||||||Amount of|Pledging or freezing|||
||Properties of|Share|||tradable shares||||
|Shareholder name|||Quantity|||Status of the|||
||shareholder|proportion %|||with Conditional|||Quantity|
|||||||shares|||
||||||held||||
|ShenzhenInvestmentHoldings Co.,Ltd.|State-owned legalperson|46.21%|234,069,436||0||||
|ShenzhenShenchaoTechnologyInvestment Co.,Ltd.|State-ownedLegal person|3.18%|16,129,032||0||||
|Qianhai Lifeinsurance Co.,Ltd.－Self fundsHuatai Portfolio|Other|1.24%|6,267,916||0||||
|Anhui GuofuIndustrialInvestment FundsMangement Co.,Ltd.|Domestic nonState-ownedLegal person|0.67%|3,408,341||0||||
|Sun Huiming|Domestic Natureperson|0.48%|2,443,526||0||||
|MORGANSTANLEY &CO.|Overseas legalperson|0.33%|1,653,914||0||||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||||||
|-|-|-|-|-|-|-|
|INTERNATIONAL PLC|||||||
|Wang Mincang|Domestic Naturalperson|0.27%|1,387,436|0|||
|Zhu Ye|Domestic Naturalperson|0.25%|1,245,145|0|||
|He Zhijian|Domestic Naturalperson|0.20%|1,014,425|0|||
|Central HuijinAssetManagement Co.,Ltd.|State-ownedLegal person|0.19%|958,300|0|||
|Shares held by the Top 10 Shareholders of Non-restricted shares|||||||
||||||Share type||
|Shareholders’ Names||Number of the non-restricted shares held|||||
||||||Share type|Quantity|
|Shenzhen Investment Holdings Co.,Ltd.||234,069,436|||RMB Common||
|||||||234,069,436|
||||||shares||
|Shenzhen Shenchao TechnologyInvestment Co., Ltd.||16,129,032|||RMB Common||
|||||||16,129,032|
||||||shares||
|Qianhai Life insurance Co., Ltd.－Self funds Huatai Portfolio||6,267,916|||RMB Common||
|||||||6,267,916|
||||||shares||
|Anhui Guofu Industrial InvestmentFunds Mangement Co., Ltd.||3,408,341|||RMB Common||
|||||||3,408,341|
||||||shares||
|Sun Huiming||2,443,526|||Foreign shares||
||||||placed in||
|||||||2,443,526|
||||||domestic||
||||||exchange||
|MORGAN STANLEY & CO.INTERNATIONAL PLC||1,653,914|||Foreign shares||
||||||placed in||
|||||||1,653,914|
||||||domestic||
||||||exchange||
|Wang Mincang||1,387,436|||RMB Common||
|||||||1,387,436|
||||||shares||
|Zhu Ye||1,245,145|||RMB Common||
|||||||1,245,145|
||||||shares||
|He Zhijian||1,014,425|||RMB Common||
|||||||1,014,425|
||||||shares||
|Central Huijin Asset ManagementCo., Ltd.||958,300|||RMB Common||
|||||||958,300|
||||||shares||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
|||
|-|-|
||Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of|
||Shenzhen Investment Holding Co., Ltd. and a person taking concerted action. Except this, the|
|Explanation on associated|Company did not whether there is relationship between the top ten shareholders holding|
|relationship or concerted action of|non-restricted negotiable shares and between the top ten shareholders holding non-restricted|
|the above shareholders|negotiable shares and the top 10 shareholders or whether they are persons taking concerted|
||action defined in Regulations on Disclosure of Information about Shareholding of|
||Shareholders of Listed Companies.|
|Note to the top 10 common||
|stockholders involved in margin|The Company Shareholder Zhu Ye holds 1,245,145 shares of the Company through stock|
|financing & securities lending (If|account with credit transaction and guarantee of Guolian Securities Co.,Ltd.|
|any)||

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period.
□ Yes√ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy–back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the report period
□ Applicable√Not applicable
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017 III Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as well as reasons for the changes
√ Applicable□ Not applicable
1.The ending balance of Prepayments increased by RMB 222.7477 million and3,288.60% over beginning ofperiod，Mainly due to the increase in the volume of trade in the current period;
2.The ending balance of Other current account decreased by RMB 485.0432 million and33.97% over beginning ofperiod，Mainly due to the recovery of financial funds due;
3. The ending balance of Construction in progress increased by RMB 108.0318 million and90.17% over beginning ofperiod，Mainly due to the construction of the polarizer Phase II line 6 project;
4.The ending balance of Other non-current assets increased by RMB400 million over beginning ofperiod，Mainly due to the addition of more than one year financial funds;
5. The ending balance of short-term loans increased by RMB5.6508million and45.81% over beginning ofperiod，、Mainly due to the increase in short-term bank loans;
6. The ending balance of Advance payment increased by RMB 32.8106 million and108.30% over beginning of period, Mainly due to the increase in the volume of trade in the current period;
7.The ending balance of Employee benefits payable decreased by RMB8.2258 million and30.04% over beginning ofperiod，Mainly due to pay the staff due to the previous year;
8. Financial expenses in current period decreased by RMB 5.8706 million and275.57% Year on Year, Mainly due to the yen exchange rate appreciation narrowed year on year.
9. Impairment loss of assets in current period increased by RMB1.7794 million and46.88% year onyear，Mainly due to the increase in the provision for depreciation of the polarizer inventory;
10. Investment Income in current period increased by RMB7.8167 million and1,838.66% year on year, Mainly due to the increase in entrusted financial income;
11. Non-operational income in current period increased by RMB2.76 million and227.09% year onyear，Mainly due to the increase in government subsidies;
12. The net cash flows from operating activities in current period decreased by RMB185.775 million and686.01% year onyear，Mainly due to the increase in advances in trade activities;
13. The net cash flows from investing activities in current period increased by RMB51.9535 million and78.48% year onyear，Mainly due to the current period to recover the due trust;
14. The net cash flows from Financing activities in current period increased by RMB26.9838 million and122.59% year onyear，Mainly due to the decrease in repayment of borrowings in the current period.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
√Applicable□Not applicable
(1) Subsidiary Shengbo Optoelectronic capital increase to introduce strategic investors
January 2017, a subsidiary of Shenzhen Shengbo Optoelectronics Technology Co., Ltd. to increase investment in the introduction of strategic investors, has completed the capital increase after the change of business
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017 registration procedures.
(2) TFT-LCD polarizer II line 6 project progress
Phase II Line 6 project in accordance with the construction schedule, has completed the second allocation of procurement projects with the tender, the main equipment is installed and secondary with the project. The total investment of the second phase of the project was RMB 391.3458 million, accounting for55.88% of the total investment of RMB 700.34 million after the change.
||||
|-|-|-|
|||Description of the website for disclosing|
|Overview of material matters|Date of disclosing||
|||provisional announcements|
|Shengbo Optoelectronic has completed thecapital increase after the businessregistration|||
|||http://www.cninfo.com.cn.|
||January 17,2017||
|||(Announcement No.2017-06)|

III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer, directors, supervisors, senior executives or other related parties in the reporting period and commitments unfinished in implementation at the end of the reporting period
□Applicable√Not applicable
The company has no commitments completed in period and those without completed till lend of the period from actual controller, shareholders, related parties, purchaser and companies.
IV．Prediction of Business performance for January- June 2017
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the warning of its material change compared with the corresponding period of the last year and explanation of reason.
□ Applicable√ Not applicable
V. Investment in securities
□ Applicable√ Not applicable
No securities investment in period.
VI. Investments in derivatives
□ Applicable√ Not applicable
There is no derivative investment during the report period.
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017 VII. The registration form of acceptance of investigation, communication and interview in the report period for future reference
□ Applicable√ Not applicable
The Period has no research, communication and written inquiry from the investors in the report period.
VIII. External guarantee get out of line
□ Applicable√Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable√Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company in Period
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017 IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Preparedby：Shenzhen Textile (Holdings) Co., Ltd.
March 31,2017
In RMB
||||
|-|-|-|
|Items|At the end of term|Beginning of term|
|Current asset：|||
|Monetary fund|738,624,384.64|933,856,912.73|
|Settlement provision|||
|Outgoing call loan|||
|Financial assets measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial assets|||
|Bill receivable|37,337,584.61|41,908,315.45|
|Account receivable|181,957,788.09|220,222,019.41|
|Prepayments|229,521,056.30|6,773,323.14|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts|||
|receivable|||
|Interest receivable|8,180,059.37|6,652,883.11|
|Dividend receivable|||
|Other account receivable|64,957,026.72|67,272,556.72|
|Repurchasing of financial assets|||
|Inventories|314,653,546.75|283,371,714.07|
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|943,000,000.00|1,428,043,157.76|
|Total of current assets|2,518,231,446.48|2,988,100,882.39|

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Non-current assets：|||
|Loans and payment on other’s behalf|||
|disbursed|||
|Disposable financial asset|41,486,919.32|41,565,777.96|
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|25,229,534.97|24,849,311.00|
|Property investment|177,350,769.65|179,324,547.77|
|Fixed assets|705,570,245.82|723,685,287.56|
|Construction in progress|227,836,059.45|119,804,231.43|
|Engineering material|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|39,745,451.59|39,698,654.32|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|899,144.15|973,081.68|
|Deferred income tax asset|1,561,274.93|1,584,492.36|
|Other non-current asset|400,000,000.00||
|Total of non-current assets|1,619,679,399.88|1,131,485,384.08|
|Total of assets|4,137,910,846.36|4,119,586,266.47|
|Current liabilities|||
|Short-term loans|17,986,506.66|12,335,695.77|
|Loan from Central Bank|||
|Deposit received and hold for others|||
|Call loan received|||
|Financial liabilities measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial liabilities|||
|Bill payable|||
|Account payable|166,127,454.63|175,461,715.72|
|Advance payment|63,108,081.14|30,297,446.49|
|Selling of repurchased financial assets|||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Fees and commissions receivable|||
|Employees’ wage payable|19,153,898.66|27,379,719.86|
|Tax payable|14,632,736.93|13,995,726.19|
|Interest payable|43,567,031.45|42,842,605.52|
|Dividend payable|||
|Other account payable|143,377,945.75|147,108,590.19|
|Reinsurance fee payable|||
|Insurance contract provision|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||
|Liabilities held for sales|||
|Non-current liability due in 1 year|40,000,000.00|40,000,000.00|
|Other current liability|||
|Total of current liability|507,953,655.22|489,421,499.74|
|Non-current liabilities：|||
|Long-term loan|80,000,000.00|80,000,000.00|
|Bond payable|||
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Long-term payable employees’s|||
|remuneration|||
|Special payable|||
|Expected liabilities|||
|Deferred income|108,962,928.92|110,045,784.62|
|Deferred income tax liability|||
|Other non-current liabilities|||
|Total non-current liabilities|188,962,928.92|190,045,784.62|
||696,916,584.14|679,467,284.36|
|Total of liability|||
|Owners’ equity|||
||506,521,849.00|506,521,849.00|
|Share capital|||
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Capital reserves|1,837,205,251.95|1,837,205,251.95|
|Less：Shares in stock|||
|Other comprehensive income|3,179,816.86|3,392,222.07|
|Special reserves|||
|Surplus reserves|73,710,682.05|73,710,682.05|
|Common risk provision|||
||-76,973,691.39|-81,275,828.76|
|Undistributed profit|||
|Total of owner’s equity belong to the|||
||2,343,643,908.47|2,339,554,176.31|
|parent company|||
|Minority shareholders’ equity|1,097,350,353.75|1,100,564,805.80|
|Total of owners’ equity|3,440,994,262.22|3,440,118,982.11|
|Total of liabilities and owners’ equity|4,137,910,846.36|4,119,586,266.47|

 Legal Representative: Zhu Jun Person in charge ofaccounting：Zhu Jun Accounting Dept Leader: Mu Linying
2.Parent Company Balance Sheet
In RMB
||||
|-|-|-|
|Items|At the end of term|Beginning of term|
|Current asset：|||
|Monetary fund|380,775,729.32|440,685,610.11|
|Financial assets measured at fair value|||
|with variations accounted into current|||
|income account|||
|Derivative financial assets|||
|Bill receivable|1,800,000.00|1,000,000.00|
|Account receivable|597,961.36|492,974.01|
|Prepayments|4,500.00|120,000.00|
|Interest receivable|5,815,397.63|3,218,526.94|
|Dividend receivable|||
|Other account receivable|10,678,138.49|12,524,256.75|
|Inventories|||
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|100,000,000.00|30,000,000.00|
|Total of current assets|499,671,726.80|488,041,367.81|

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Non-current assets：|||
|Disposable financial asset|39,986,919.32|40,065,777.96|
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|1,989,453,301.58|1,989,073,077.61|
|Property investment|170,423,443.76|172,279,313.75|
|Fixed assets|26,997,031.19|27,403,189.39|
|Construction in progress|||
|Engineering material|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|1,616,503.86|1,345,846.59|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|||
|Deferred income tax asset|1,899,928.67|1,919,804.30|
|Other non-current asset|||
|Total of non-current assets|2,230,377,128.38|2,232,087,009.60|
|Total of assets|2,730,048,855.18|2,720,128,377.41|
|Current liabilities|||
|Short-term loans|||
|Financial liabilities measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial liabilities|||
|Bill payable|||
|Account payable|411,743.57|411,743.57|
|Advance payment|639,024.58|639,024.58|
|Employees’ wage payable|4,843,698.39|6,533,138.24|
|Tax payable|5,405,248.08|4,398,387.25|
|Interest payable|||
|Dividend payable|||
|Other account payable|122,631,522.15|120,954,892.58|
|Classified as held for sale debt|||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Non-current liability due in 1 year|||
|Other current liability|||
|Total of current liability|133,931,236.77|132,937,186.22|
|Non-current liabilities：|||
|Long-term loan|||
|Bond payable|||
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Long-term payable to employees|||
|Special payable|||
|Expected liabilities|||
|Deferred income|||
|Deferred income tax liability|||
|Other non-current liabilities|||
|Total of Non-current liabilities|||
|Total of liability|133,931,236.77|132,937,186.22|
|Owners’ equity|||
|Share capital|506,521,849.00|506,521,849.00|
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|1,576,547,075.96|1,576,547,075.96|
|Less：Shares in stock|||
|Other comprehensive income|3,179,816.86|3,392,222.07|
|Special reserves|||
|Surplus reserves|73,710,682.05|73,710,682.05|
|Undistributed profit|436,158,194.54|427,019,362.11|
|Total of owners’ equity|2,596,117,618.41|2,587,191,191.19|
|Total of liabilities and owners’ equity|2,730,048,855.18|2,720,128,377.41|

 3.Consolidated Income statement
In RMB
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Income from the key business|272,392,669.11|262,310,373.65|
|Incl：Business income|272,392,669.11|262,310,373.65|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|280,214,579.88|270,805,851.81|
|Incl：Business cost|253,475,015.89|238,744,912.33|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Net amount provided as insurance|||
|contract reserves|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|2,585,948.73|1,857,241.99|
|Sales expense|2,133,505.40|2,131,423.67|
|Administrative expense|20,188,494.12|22,149,397.07|
|Financial expenses|-3,743,353.85|2,127,257.76|
|Asset impairment loss|5,574,969.60|3,795,618.99|
|Add：Gains from change of fir value|||
|（“-”for loss）|||
|Investment gain（“-”for loss）|8,241,818.53|425,128.98|
|Incl: investment gains from affiliates|533,097.00|425,128.98|
|Gains from currency exchange（“-”for|||
|loss）|||
|III. Operational profit（“-”for loss）|419,907.76|-8,070,349.18|
|Add ：Non-operational income|3,975,357.70|1,215,355.70|
|Including：Income from disposal of|||
|non-current assets|||
|Less：Non business expenses|3,182.59|20,563.54|
|Incl：Loss from disposal of non-current|||
||3,182.59|20,504.69|
|assets|||
|IV.Total profit(“-”for loss)|4,392,082.87|-6,875,557.02|

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Less：Income tax expenses|3,304,397.55|3,370,904.58|
|V. Net profit|1,087,685.32|-10,246,461.60|
|Net profit attributable to the owners of|||
||4,302,137.37|-10,246,461.60|
|parent company|||
|Minority shareholders’ equity|-3,214,452.05||
|VI. Other comprehensive income|-212,405.21|-2,064,954.32|
|Net of profit of other comprehensive inco|||
|me attributable to owners of the parent co|-212,405.21|-2,064,954.32|
|mpany.|||
|（I）Other comprehensive income items|||
|that will not be reclassified into|||
|gains/losses in the subsequent accounting|||
|period|||
|1.Re-measurement of defined benefit pla|||
|ns of changes in net debt or net assets|||
|2.Other comprehensive income under the|||
|equity method investee can not be reclass|||
|ified into profit or loss.|||
|（II）|||
|Other comprehensive income that will be|-212,405.21|-2,064,954.32|
|reclassified into profit or loss.|||
|1.Other comprehensive income under the|||
|equity method investee can be reclassifie|||
|d into profit or loss.|||
|2.Gains and losses from changes in fair v|||
||-59,143.98|-1,951,751.34|
|alue available for sale financial assets|||
|3.Held-to-maturity investments reclassifi|||
|ed to gains and losses of available for sal|||
|e financial assets|||
|4.The effective portion of cash flow hedg|||
|es and losses|||
|5.Translation differences in currency fina|||
||-153,261.23|-113,202.98|
|ncial statements|||
|6.Other|||
|Net of profit of other comprehensive inco|||
|me attributable to Minority shareholders’|||
|equity|||
|VII. Total comprehensive income|875,280.11|-12,311,415.92|

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Total comprehensive income attributable|4,089,732.16||
|||-12,311,415.92|
|to the owner of the parent company|||
|Total comprehensive income|-3,214,452.05||
|attributable minority shareholders|||
|VIII. Earnings per share|||
|（I）Basic earnings per share|0.0085|-0.020|
|(II)Diluted earnings per share|0.0085|-0.020|

 Legal Representative: Zhu Jun Person in charge ofaccounting：Zhu Jun Accounting Dept Leader: Mu Linying
4. Income statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Income from the key business|16,073,030.51|15,990,369.16|
|Less：Business cost|2,894,005.19|2,631,807.52|
|Business tax and surcharge|689,044.98|1,339,845.67|
|Sales expense|||
|Administrative expense|4,867,158.87|4,850,781.01|
|Financial expenses|-2,994,195.81|-4,844,617.14|
|Asset impairment loss|-158,361.17|3,608.32|
|Add：Gains from change of fir value|||
|（“-”for loss）|||
|Investment gain（“-”for loss）|1,233,485.20|425,128.98|
|Incl: investment gains from affiliates|533,097.00|425,128.98|
|II. Operational profit（“-”for loss）|12,008,863.65|12,434,072.76|
|Add ：Non-operational income|||
|Including：Income from disposal|||
|of non-current assets|||
|Less：Non business expenses|1,582.15|13,422.71|
|Incl：Loss from disposal of non-current|||
||1,582.15|13,422.71|
|assets|||
|III.Total profit(“-”for loss)|12,007,281.50|12,420,650.05|
|Less：Income tax expenses|2,868,449.07|2,998,880.27|
|IV. Net profit（“-”for net loss）|9,138,832.43|9,421,769.78|
|V.Net of profit of other comprehensive i|||
||-212,405.21|-2,064,954.32|
|ncome|||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|（I）Other comprehensive income|||
|items that will not be reclassified into|||
|gains/losses in the subsequent|||
|accounting period|||
|1.Re-measurement of defined benefit pl|||
|ans of changes in net debt or net assets|||
|2.Other comprehensive income under th|||
|e equity method investee can not be recl|||
|assified into profit or loss.|||
|（ II ）|||
|Other comprehensive income that will b|-212,405.21|-2,064,954.32|
|e reclassified into profit or loss.|||
|1.Other comprehensive income under th|||
|e equity method investee can be reclassi|||
|fied into profit or loss.|||
|2.Gains and losses from changes in fair|||
||-59,143.98|-1,951,751.34|
|value available for sale financial assets|||
|3.Held-to-maturity investments reclassif|||
|ied to gains and losses of available for s|||
|ale financial assets|||
|4.The effective portion of cash flow hed|||
|ges and losses|||
|5.Translation differences in currency fin|||
||-153,261.23|-113,202.98|
|ancial statements|||
|6.Other|||
|VI. Total comprehensive income|8,926,427.22|7,356,815.46|
|VII. Earnings per share：|||
|（I）Basic earnings per share|||
|(II)Diluted earnings per share|||

5. Consolidated Cash flow statement
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods orrending of services|||
||332,997,897.84|282,077,183.98|
|Net increase of customer deposits|||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|and capital kept for brother company|||
|Net increase of loans from central bank|||
|Net increase of inter-bank loans from|||
|other financial bodies|||
|Cash received against original|||
|insurance contract|||
|Net cash received from reinsurance|||
|business|||
|Net increase of client deposit and|||
|investment|||
|Net increase of the financial assets that|||
|are measured at fair value and whose|||
|movement is counted to the current|||
|gain and loss|||
|Cash received as interest, processing|||
|fee and commission|||
|Net increase of inter-bank fund|||
|received|||
|Net increase of repurchasing business|||
|Tax returned|16,312,968.63|23,406,358.83|
|Other cash received from business|||
||27,659,546.06|6,956,677.38|
|operation|||
|Sub-total of cash inflow|376,970,412.53|312,440,220.19|
|Cash paid for purchasing of|||
||468,216,518.39|267,500,872.97|
|merchandise and services|||
|Net increase of client trade and|||
|advance|||
|Net increase of savings n central bank|||
|and brother company|||
|Cash paid for original contract claim|||
|Cash paid for interest, processing fee|||
|and commission|||
|Cash paid for policy dividend|||
|Cash paid to staffs or paid for staffs|37,100,889.42|36,779,440.93|
|Taxes paid|23,364,848.38|8,357,518.72|
|Other cash paid for business activities|34,063,115.30|23,437,627.41|
|Sub-total of cash outflow from|||
||562,745,371.49|336,075,460.03|
|business activities|||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Cash flow generated by business|||
||-185,774,958.96|-23,635,239.84|
|operation, net|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
|retrieving|||
|Cash received as investment gains|8,456,069.65||
|Net cash retrieved from disposal of|||
|fixed assets, intangible assets, and|230.00|110.00|
|other long-term assets|||
|Net cash received from disposal of|||
|subsidiaries or other operational units|||
|Other investment-related cash received|1,450,000,000.00||
|Sub-total of cash inflow due to|||
||1,458,456,299.65|110.00|
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets and other|107,695,577.41|66,196,756.21|
|long-term assets|||
|Cash paid as investment|||
|Net increase of loan against pledge|||
|Net cash received from subsidiaries|||
|and other operational units|||
|Other cash paid for investment|||
||1,365,003,820.51||
|activities|||
|Sub-total of cash outflow due to|||
||1,472,699,397.92|66,196,756.21|
|investment activities|||
|Net cash flow generated by investment|-14,243,098.27|-66,196,646.21|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Incl: Cash received as investment from|||
|minor shareholders|||
|Cash received as loans|17,429,437.87|178,515,198.46|
|Cash received from bond placing|||
|Other financing –related ash received||6.38|
|Sub-total of cash inflow from financing|||
||17,429,437.87|178,515,204.84|
|activities|||
|Cash to repay debts|12,456,518.01|200,526,057.88|
|Cash paid as dividend, profit, or|||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|interests|||
|Incl: Dividend and profit paid by|||
|subsidiaries to minor shareholders|||
|Other cash paid for financing activities|||
|Sub-total of cash outflow due to|||
||12,456,518.01|200,526,057.88|
|financing activities|||
|Net cash flow generated by financing|4,972,919.86|-22,010,853.04|
|IV. Influence of exchange rate|||
|alternation on cash and cash|-187,390.72|516,485.66|
|equivalents|||
|V.Net increase of cash and cash|||
||-195,232,528.09|-111,326,253.43|
|equivalents|||
|Add: balance of cash and cash|||
||930,114,436.57|748,658,875.60|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||734,881,908.48|637,332,622.17|
|equivalents at the end of term|||

6. Cash Flow Statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||16,476,892.65|15,537,748.34|
|rending of services|||
|Tax returned|||
|Other cash received from business|||
||2,938,581.55|3,691,691.07|
|operation|||
|Sub-total of cash inflow|19,415,474.20|19,229,439.41|
|Cash paid for purchasing of|||
||793,419.49|852,163.87|
|merchandise and services|||
|Cash paid to staffs or paid for staffs|4,778,841.65|5,890,930.96|
|Taxes paid|3,411,930.91|5,807,699.10|
|Other cash paid for business activities|1,548,739.26|723,461.72|
|Sub-total of cash outflow from|||
||10,532,931.31|13,274,255.65|
|business activities|||
|Cash flow generated by business|||
||8,882,542.89|5,955,183.76|
|operation, net|||
|II.Cash flow generated by investing|||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|Cash received from investment|||
|retrieving|||
|Cash received as investment gains|1,447,736.32|7,798,378.51|
|Net cash retrieved from disposal of|||
|fixed assets, intangible assets, and|||
|other long-term assets|||
|Net cash received from disposal of|||
|subsidiaries or other operational units|||
|Other investment-related cash received|||
|Sub-total of cash inflow due to|||
||1,447,736.32|7,798,378.51|
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets|240,160.00|2,816,314.89|
|and other long-term assets|||
|Cash paid as investment|||
|Net cash received from subsidiaries|||
|and other operational units|||
|Other cash paid for investment|||
||70,000,000.00||
|activities|||
|Sub-total of cash outflow due to|||
||70,240,160.00|2,816,314.89|
|investment activities|||
|Net cash flow generated by investment|-68,792,423.68|4,982,063.62|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|||
|Cash received from bond placing||6.38|
|Other financing –related ash received|||
|Sub-total of cash inflow from|||
|||6.38|
|financing activities|||
|Cash to repay debts|||
|Cash paid as dividend, profit, or|||
|interests|||
|Other cash paid for financing activities|||
|Sub-total of cash outflow due to|||
|financing activities|||
|Net cash flow generated by financing||6.38|
|IV. Influence of exchange rate|||

Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2017
||||
|-|-|-|
|alternation on cash and cash|||
|equivalents|||
|V.Net increase of cash and cash|||
||-59,909,880.79|10,937,253.76|
|equivalents|||
|Add: balance of cash and cash|||
||440,685,610.11|271,582,749.03|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||380,775,729.32|282,520,002.79|
|equivalents at the end of term|||

II.Auditor’ report
Is the First Quarterly Report be audited?
□ Yes√No
The First Quarterly report is not audited.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
April 29,2017