Shenzhen Victor Onward Textile Industrial Co., Ltd.
The First Quarterly Report 2015
April 2015
1 Important notes
The Board of Directors and the Supervisory Committee of the Company and its directors, supervisors and senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious statements, misleading statements or important omissions carried in this report , and shall take legal responsibilities, individual and /or joint. All of the directors presented the board meeting at which this Quarterly Report was examined. Mr. Hu Yongfeng, Person in charge of the Company, Mr.Zhang Jinliang , Person in charge of accounting works, Mr. Ren Changzheng ,person in charger of accounting organ hereby confirm that the financial Report of this Quarterly Report is authentic, accurate and complete.
II.Main financial data and changes of shareholders
（1）Main financial data and indices
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）|3,017,384.00|2,432,585.00|24.04%|
|Net profit attributable to the shareholders|-390,827.00|-1,144,673.00||
||||-65.86%|
|of the listed company（RMB）||||
|Net profit after deducting of non-recurring||||
|gain/loss attributable to the shareholders of|-390,827.00|-1,144,673.00|-65.86%|
|listed company（RMB）||||
|Cash flow generated by business operation,|1,310,984.00|1,295,741.00||
||||1.18%|
|net（RMB）||||
|Basic earning per share(RMB/Share)|-0.002|-0.010|-80.00%|
|Diluted gains per|-0.002|-0.010||
||||-80.00%|
|share(RMB/Share)(RMB/Share)||||
|Weighted average return on equity||||
||-0.30%|-0.91%|0.61%|
|（%）||||
||||Changes of this period-end|
||End of this period|End of last period|over same period-end of last|
||||year(%)|
|Gross assets（RMB）|185,076,629.00|184,418,905.00|0.36%|
|Net assets attributable to the shareholders|130,947,753.00|131,266,672.00||
||||-0.24%|
|of the listed company（RMB）||||

Items and amount of non-current gains and losses
□applicable√not applicable
N/A
(2) Total number of shareholders at the end of report period and Particular about shares held by top ten shareholders
In shares
|||
|-|-|
|Total number of shareholders at the|16,311|

||||||||
|-|-|-|-|-|-|-|
|end of report period|||||||
|Particular about shares held by top ten shareholders|||||||
|||||Amount of|Pledging or freezing||
|Shareholder|Properties of|Share||tradable shares|||
||||Quantity||Status of the||
|name|shareholder|proportion %||with Conditional||Quantity|
||||||shares||
|||||held|||
|Union HoldingsCo., Ltd.|Domestic Non-State-ownedlegal person|25.51%|43,141,032|0|||
|STYLE-SUCCESS LIMITED|Foreign Legalperson|14.46%|24,466,029|0|||
|Rich CrownInvestment Co.,Ltd.|Foreign Legalperson|3.62%|6,114,556|0|||
|UnionDevelopmentGroup Co., Ltd.|Domestic Non-State-ownedlegal person|3.36%|5,681,089|0|||
|National socialsecurity fund 112|Other|2.66%|4,498,774|0|||
|Liuzhou JialiReal estateDevelopmentCo., ltd.|Domestic Non-State-ownedlegal person|2.40%|4,054,100|0|||
|Zeng Ying|Domestic Naturalperson|1.22%|2,070,600|0|||
|KGI ASIALIMITED|Foreign Legalperson|1.03%|1,738,060||||
|LiuzhouRuihengMechatronicsCo., Ltd.|Domestic Non-State-ownedlegal person|0.79%|1,340,000|0|||
|ICBCCS-ICBC-Purun StockGrading No.15AssetsManagementPlan|Other|0.73%|1,229,280|0|||
|Shareholding of top 10 shareholders of unrestricted shares|||||||
|||Quantity of unrestricted shares held at the end of the|||Share type||
|Name of the shareholder|||||||
|||reporting period|||Share type|Quantity|

|||||
|-|-|-|-|
|Union Holdings Co., Ltd.|43,141,032|RMB Common||
||||43,141,032|
|||shares||
|STYLE-SUCCESS LIMITED|24,466,029|Foreign shares||
|||placed in||
||||24,466,029|
|||domestic||
|||exchange||
|Rich Crown Investment Co., Ltd.|6,114,556|Foreign shares||
|||placed in||
||||6,114,556|
|||domestic||
|||exchange||
|Union Development Group Co., Ltd|5,681,089|RMB Common||
||||5,681,089|
|||shares||
|National social security fund 112|4,498,774|RMB Common||
||||4,498,774|
|||shares||
|Liuzhou Jiali Real estateDevelopment Co., ltd.|4,054,100|RMB Common||
||||4,054,100|
|||shares||
|Zeng Ying|2,070,600|Foreign shares||
|||placed in||
||||2,070,600|
|||domestic||
|||exchange||
|KGI ASIA LIMITED|1,738,060|Foreign shares||
|||placed in||
||||1,738,060|
|||domestic||
|||exchange||
|Liuzhou RuihengMechatronics Co., Ltd.|1,340,000|RMB Common||
||||1,340,000|
|||shares||
|ICBCCS-ICBC- Purun StockGrading No.15 Assets ManagementPlan|1,229,280|||
|||RMB Common||
||||1,229,280|
|||shares||
|Notes to the related relationship|The controlling shareholder of the above-mentioned largest shareholder Shenzhen Union|||
|between the shareholders or their|Holdings Ltd.and Third shareholder Rich Crown Investment Co., Ltd.. Is Union Development|||
|concerted action|Group Ltd.|||
||Among the shareholders above, Liuzhou Jiali Real estate Development Co., ltd. holds|||
|Top 10 shareholders taking part in|3,910,100 shares of the Company through stock account with credit transaction and guarantee|||
|margin financing and securities|of Guohai Securities Co., Ltd. It holds144,100 shares through ordinary stock account.|||
|lending （if any）|Liuzhou Ruiheng Mechatronics Co., Ltd. Holds1,340,000 shares of the Company|||
||through stock account with credit transaction and guarantee of Guohai Securities Co., Ltd.|||

 Agreed re-purchasing by theCompany‟s top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes√ No
No agreed re-purchasing is performed by theCompany‟s shareholders in the report period.
(2) Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the report period
□Applicable√ Not applicable
§3 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. In the report period, Analysis of the reason for big change of the items of profit statement
In the period from January 2015 to March 2015, the company earned oprrating income of RMB 3.01million， increase of24.04% over the same period last year, mainly due to growth in rental situation improved.
The current reporting period net profit is RMB-0.39 million, compared with the same period last year of RMB- 1.14 million, reduced losses of RMB0.75million, reduced losses mainly due to the equity method investment ente rprises of Hangzhou Bay profitability compared with last year, as well as houses rent situation improved.
2.Analysis of the reason for big change of the items of cash flow statement of the Company in the report period. Net increase of cash and cash equivalents decreased by RMB5.13 million over the previous year, mainly due to pay RMB 6.29 million yuan loan principal to Union Group in the second quarter last year. II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.√ Applicable□ Not applicable
1. “The Announcement on a part of Shenzhen Victor Onward Textile Industrial Co., Ltd. Factory Buildings Collected by the Government”, the Management Committee of Shenzhen Dapeng District released “The Decision Announcement on the Management Committee of Shenzhen Dapeng New District Collecting Houses” which says, the committee decided to collect the related housing estates located in Kuixin community for the need to build apeople’s hospital in Dapeng new district. The housing estates which would be collected this time include KuichongCompany’s part of the buildings whichhaven’t got estate right certificate, and the area of these buildings is 18,000 square meters. The matters mentioned above were announced in Securities Times,Hong Kong Commercial Daily and www.cninfo.com.cn. on June 24, 2014, the Announcement No.: 2014-0673.
2. On June 16, 2014, the company started planning the reorganization of the major assets. At present the company and the other parties are promoting all the work actively. For relevant matters, please refer to “The Proposal of the MajorAssets’ Reorganization and issued shares to buy assets and raise matching funds in S henzhen Victor Onward Textile Industrial Co.,Ltd.”（draft）”,“Announcement of Resolutions of the First provisional shareholders' general meeting of Shenzhen Victor Onward Textile Industrial Co., Ltd.” And “The Proposal of the MajorAssets’ Reorganization and issued shares to buy assets and raise matching funds by the China Securities Regulatory Commission administrative license application acceptance in Shenzhen Victor Onward Textile Industrial Co., Ltd” “Announcement of Shenzhen Victor Onward Textile Industrial Co., Ltd. on receipt China Securities Regulatory Commission review of the administrative licensing items feedback notice,which were released in Securities Times,Hong Kong Commercial Daily and www.cninfo.com.cn on February 13, 2015, March17,2015 and March 27,2015 and April
25,2015..
||||
|-|-|-|
|Description of provisional announcement|Date of disclosing|Description of the website for disclosing|

||||
|-|-|-|
|||provisional announcements|
|Announcement on lawsuits.of ShenzhenVictor Onward Textile Industrial Co., Ltd.||Securities Times,Hong Kong Commercial|
||November 11,2014||
|||Daily and www.cninfo.com.cn|

III．The commitments of the Company and its shareholders holding over5% of theCompany’s total shares in the report year of extending to the report year from previous year.
□ Applicable√ Not applicable
N/A
IV．Prediction of Business performance for January- March 2015.
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
Forenotice of earnings: Loss
Type of date filled for the prediction:Interval figures
||||||||
|-|-|-|-|-|-|-|
|||||Same period|||
||Year beginning to end of next||||||
|||||of the|Increase or decrease%||
||report period||||||
|||||previous year|||
|Estimated amount of|||||||
|accumulative net|-100|--|0|73.83|--|--|
|profit(RMB’0000)|||||||
|Basic earnings per shares|||||||
||-0.006|--|0|0.004|--|--|
|(Yuan/share)|||||||
||Due to the related consulting fees, service charges and newspapers influence major as||||||
|Notes to forenotice of|set reorganization occurred, the company expects the accumulative net profit for the p||||||
|earnings|eriod for January-June 2015 is estimated to be loss and about RMB -1 million to RM||||||
||B 0 million.||||||

V. Securities investment
□ Applicable√ Not applicable
There is no securities investment during the report period.
State of holding stocks of other PLCs
□ Applicable√ Not applicable
The Company was not holding any stock of other PLCs as of the end of report period.
VI. Derivative investment
□ Applicable√ Not applicable
There is no derivative investment during the report period.
VII. The registration form of acceptance of investigation, communication and interview in the report period for future reference
√Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
||||||Content of discussion and|
|Date|Place|Mode||Visitor||
||||Type|||
||||||materials provided|
||BOD office of the||||Inquiry of company curr|
|January 5, 2015||By phone|Individual|Investor||
||Company||||ent operation|
||BOD office of the||||Inquiry of progress in|
|January 19,2015||By phone|Individual|Investor||
||Company||||restructuring|
||||||Inquiry of corporate restr|
||BOD office of the|||||
|March 4, 2015||By phone|Individual|Investor|ucturing and General Sha|
||Company|||||
||||||reholders Meeting|

IV.
Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
March 31,2015
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|74,990,418.00|73,614,204.00|
|Settlement provision|||
|Outgoing call loan|||
|Financial assets measured at fair value|||
|with variations accounted into current|||
|income account|||
|Derivative financial assets|||
|Bill receivable|||
|Account receivable|||
|Prepayments|23,661.00|4,922.00|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts|||
|receivable|||
|Interest receivable|112,834.00|112,685.00|
|Dividend receivable|||
|Other account receivable||135,178.00|
|Repurchasing of financial assets|||
|Inventories|||
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|||
|Total of current assets|75,126,913.00|73,866,989.00|
|Non-current assets：|||

||||
|-|-|-|
|Loans and payment on other’s behalf|||
|disbursed|||
|Disposable financial asset|566,313.00|584,900.00|
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|76,051,137.00|75,816,615.00|
|Property investment|25,140,600.00|25,943,393.00|
|Fixed assets|1,321,964.00|1,327,230.00|
|Construction in progress|||
|Engineering material|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|1,770,078.00|1,780,154.00|
|R & D petrol|||
|Goodwill|5,099,624.00|5,099,624.00|
|Long-germ expenses to be amortized|||
|Differed income tax asset|||
|Other non-current asset|||
|Total of non-current assets|109,949,716.00|110,551,916.00|
|Total of assets|185,076,629.00|184,418,905.00|
|Current liabilities|||
|Short-term loans|||
|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|3,195,680.00|3,190,199.00|
|Advance payment|1,029,656.00|1,029,656.00|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||

||||
|-|-|-|
|Employees’ wage payable|945,492.00|1,020,718.00|
|Tax payable|4,113,367.00|4,108,302.00|
|Interest payable|||
|Dividend payable|1,215,946.00|1,215,946.00|
|Other account payable|32,108,231.00|31,491,092.00|
|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|||
|Other current liability|2,483,749.00|2,069,249.00|
|Total of current liability|45,092,121.00|44,125,162.00|
|Non-current liabilities：|||
|Long-term loan|982,983.00|1,009,719.00|
|Bond payable|||
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|8,292,039.00|8,258,331.00|
|Long=term payable employees’s|||
|remuneration|||
|Special payable|836,792.00|836,792.00|
|Expected liabilities|||
|Differed income|||
|Differed income tax liability|667,070.00|664,358.00|
|Other non-current liabilities|||
|Total non-current liabilities|10,778,884.00|10,769,200.00|
|Total of liability|55,871,005.00|54,894,362.00|
|Owners’ equity|||
|Share capital|169,142,356.00|169,142,356.00|
|Other equity instruments|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|39,431,735.00|39,391,650.00|

||||
|-|-|-|
|Less：Shares in stock|||
|Other comprehensive income|-172,076.00|-203,899.00|
|Special reserves|||
|Surplus reserves|26,704,791.00|26,704,791.00|
|Common risk provision|||
|Undistributed profit|-104,159,053.00|-103,768,226.00|
|Total of owner’s equity belong to the|||
||130,947,753.00|131,266,672.00|
|parent company|||
|Minority shareholders’ equity|-1,742,129.00|-1,742,129.00|
|Total of owners’ equity|129,205,624.00|129,524,543.00|
|Total of liabilities and owners’ equity|185,076,629.00|184,418,905.00|

 Legal representative：Hu Yongfeng
Person-in-charge of the accountingwork：Zhang Jinliang
Person-in -charge of the accountingorgan：Ren Changzheng
2. Balance sheet of Parent Company
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|23,660,810.00|23,480,977.00|
|Financial assets measured at fair value|||
|with variations accounted into current|||
|income account|||
|Derivative financial assets|||
|Bill receivable|||
|Account receivable|||
|Prepayments|||
|Interest receivable|||
|Dividend receivable|||
|Other account receivable|81,126,422.00|81,098,215.00|
|Inventories|||
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|||

||||
|-|-|-|
|Total of current assets|104,787,232.00|104,579,192.00|
|Non-current assets：|||
|Disposable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|36,788,953.00|36,788,953.00|
|Property investment|7,653,794.00|7,738,085.00|
|Fixed assets|818,770.00|818,770.00|
|Construction in progress|||
|Engineering material|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|1,770,078.00|1,780,153.00|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|||
|Differed income tax asset|||
|Other non-current asset|||
|Total of non-current assets|47,031,595.00|47,125,961.00|
|Total of assets|151,818,827.00|151,705,153.00|
|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|113,337.00|113,337.00|
|Advance payment|302,540.00|302,540.00|
|Employees’ wage payable|559,682.00|627,181.00|
|Tax payable|722,159.00|844,600.00|
|Interest payable|||
|Dividend payable|||
|Other account payable|16,762,032.00|16,235,868.00|

||||
|-|-|-|
|Liabilities held for sales|||
|Non-current liability due in 1 year|||
|Other current liability|2,483,749.00|2,069,247.00|
|Total of current liability|20,943,499.00|20,192,773.00|
|Non-current liabilities：|||
|Long-term loan|||
|Bond payable|||
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Employees’ wage payable|||
|Special payable|836,792.00|836,792.00|
|Expected liabilities|||
|Differed income|||
|Differed income tax liability|4,180,138.00|4,180,138.00|
|Other non-current liabilities|||
|Total of Non-current liabilities|5,016,930.00|5,016,930.00|
|Total of liability|25,960,429.00|25,209,703.00|
|Owners’ equity|||
|Share capital|169,142,356.00|169,142,356.00|
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|31,646,683.00|31,606,598.00|
|Less：Shares in stock|||
|Other comprehensive income|-4,398,234|-4,398,234|
|Special reserves|||
|Surplus reserves|26,309,287.00|26,309,287.00|
|Undistributed profit|-96,841,694.00|-96,164,557.00|
|Total of owners’ equity|125,858,398.00|126,495,450.00|
|Total of liabilities and owners’ equity|151,818,827.00|151,705,153.00|

 3.Consolidated Profit statement
In RMB
||||
|-|-|-|
|Item|Amount in this period|Amount in last period|
|I. Income from the key business|3,017,384.00|2,432,585.00|
|Incl：Business income|3,017,384.00|2,432,585.00|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|3,483,278.00|2,959,613.00|
|Incl：Business cost|720,960.00|724,283.00|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Insurance policy dividend paid|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|167,247.00|116,647.00|
|Sales expense|80,060.00|73,907.00|
|Administrative expense|2,627,518.00|1,957,807.00|
|Financial expenses|-112,507.00|86,969.00|
|Asset impairment loss|||
|Add：Gains from change of fir value|||
|（“-”for loss）|||
|Investment gain（“-”for loss）|75,067.00|-617,645.00|
|Incl: investment gains from affiliates|||
|Gains from currency exchange|||
|（“-”for loss）|||
|III. Operational profit（“-”for loss）|-390,827.00|-1,144,673.00|
|Add ：Non-operational income|||
|Including：Income from disposal of|||
|non-current assets|||
|Less：Non business expenses|||
|Incl：Loss from disposal of non-current|||
|assets|||
|IV.Total profit(“-”for loss)|-390,827.00|-1,144,673.00|

||||
|-|-|-|
|Less：Income tax expenses|||
|V. Net profit|-390,827.00|-1,144,673.00|
|Net profit attributable to the owners of|||
||-390,827.00|-1,144,673.00|
|parent company|||
|Minority shareholders’ equity|||
|VI. Other comprehensive income|-172,076.00|125,492.00|
|Net of profit of other comprehensive inco|||
|me attributable to owners of the parent co|-172,076.00|125,492.00|
|mpany.|||
|（I）Other comprehensive income items|||
|that will not be reclassified into|||
||-172,076.00|125,492.00|
|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|||
|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|||
|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|||
|ncial statements|||
|6.Other|||
|7.Net of profit of other comprehensive in|||
||0.00|0.00|
|come attributable to Minority|||
|shareholders’ equity|||
|VII. Total comprehensive income|-562,903.00|-1,019,181.00|

||||
|-|-|-|
|Total comprehensive income attributable|-562,903.00||
|||-1,019,181.00|
|to the owner of the parent company|||
|Total comprehensive income|||
|attributable minority shareholders|||
|VIII. Earnings per share|||
|（I）Basic earnings per share|-0.002|-0.010|
|(II)Diluted earnings per share|-0.002|-0.010|

 The current business combination under common control, the net profits of the combined party before achieved net profit of RMB 0, last period the combined party realized RMB 0.
Legal representative：Hu Yongfeng
Person-in-charge of the accountingwork：Zhang Jinliang
Person-in -charge of the accountingorgan：Ren Changzheng
4. Profit statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Income from the key business|948,730.00|415,960.00|
|Incl：Business cost|84,293.00|84,293.00|
|Business tax and surcharge|74,864.00|24,633.00|
|Sales expense|||
|Administrative expense|1,909,174.00|1,229,898.00|
|Financial expenses|-442,464.00|-428,218.00|
|Asset impairment loss|||
|Add：Gains from change of fir value|||
|（“-”for loss）|||
|Investment gain（“-”for loss）|||
|Incl: investment gains from affiliates|||
|II. Operational profit（“-”for loss）|-677,137.00|-494,646.00|
|Add ：Non-operational income|||
|Including：Income from disposal|||
|of non-current assets|||
|Less：Non business expenses|||
|Incl：Loss from disposal of|||

||||
|-|-|-|
|non-current assets|||
|III.Total profit(“-”for loss)|-677,137.00|-494,646.00|
|Less：Income tax expenses|||
|IV. Net profit（“-”for net loss）|-677,137.00|-494,646.00|
|V.Net of profit of other comprehensive i|||
||-203,899.00|0.00|
|ncome|||
|（I）Other comprehensive income|||
|items that will not be reclassified into|||
||-203,899.00|0.00|
|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|0.00|0.00|
|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|||
|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|||
|ancial statements|||
|6.Other|||
|VI. Total comprehensive income|-881,036.00|-494,646.00|
|VII. Earnings per share：|||
|（I）Basic earnings per share|||
|(II)Diluted earnings per share|||

5. 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 or|||
||3,017,384.00|2,432,585.00|
|rending of services|||
|Net increase of customer deposits|||
|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 amount from disposal|||
|financial assets that measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Net increase of inter-bank fund|||
|received|||
|Net increase of trade financial asset|||
|disposal|||
|Net increase of repurchasing|||
|business|||
|Tax returned|||
|Other cash received from business|||
||700,276.00|1,159,632.00|
|operation|||
|Sub-total of cash inflow|3,717,660.00|3,592,217.00|
|Cash paid for purchasing of|||
|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|732,819.00|781,251.00|
|Taxes paid|542,578.00|546,399.00|
|Other cash paid for business activities|1,131,279.00|968,826.00|
|Sub-total of cash outflow from|||
||2,406,676.00|2,296,476.00|
|business activities|||
|Cash flow generated by business|||
||1,310,984.00|1,295,741.00|
|operation, net|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
|retrieving|||
|Cash received as investment gains|||
|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|||
|investment activities|||
|Cash paid for construction of|||
|fixed assets, intangible assets|32,287.00|30,895.00|
|and other 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|||
|activities|||
|Sub-total of cash outflow due to|||
||32,287.00|30,895.00|
|investment activities|||
|Net cash flow generated by investment|-32,287.00|-30,895.00|
|III.Cash flow generated by financing|||
|Cash received as investment|||

||||
|-|-|-|
|Incl: Cash received as investment from|||
|minor shareholders|||
|Cash received as loans|||
|Cash received from bond placing|||
|Other financing –related ash received|||
|Sub-total of cash inflow from financing|||
|activities|||
|Cash to repay debts|||
|Cash paid as dividend, profit, or|||
|interests|||
|Incl: Dividend and profit paid by|||
|subsidiaries to minor shareholders|||
|Other cash paid for financing activities|||
|Sub-total of cash outflow due to|||
|financing activities|||
|Net cash flow generated by financing|||
|IV. Influence of exchange rate|||
|alternation on cash and cash|97,517.00|356,477.00|
|equivalents|||
|V.Net increase of cash and cash|||
||1,376,214.00|1,621,323.00|
|equivalents|||
|Add: balance of cash and cash|||
||58,614,204.00|63,502,910.00|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||59,990,418.00|65,124,233.00|
|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|||
||948,730.00|415,960.00|
|rending of services|||
|Tax returned|||
|Other cash received from business|||
||940,105.00|654,549.00|
|operation|||
|Sub-total of cash inflow|1,888,835.00|1,070,509.00|

||||
|-|-|-|
|Cash paid for purchasing of|||
|merchandise and services|||
|Cash paid to staffs or paid for staffs|440,272.00|523,197.00|
|Taxes paid|395,215.00|344,353.00|
|Other cash paid for business activities|873,515.00|587,150.00|
|Sub-total of cash outflow from|||
||1,709,002.00|1,454,700.00|
|business activities|||
|Cash flow generated by business|||
||179,833.00|-384,191.00|
|operation, net|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
|retrieving|||
|Cash received as investment gains|||
|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|||
|investment activities|||
|Cash paid for construction of|||
|fixed assets, intangible assets|||
|and other long-term assets|||
|Cash paid as investment|||
|Net cash received from subsidiaries|||
|and other operational units|||
|Other cash paid for investment|||
|activities|||
|Sub-total of cash outflow due to|||
|investment activities|||
|Net cash flow generated by investment|||
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|||
|Cash received from bond placing|||
|Other financing –related ash received|||

||||
|-|-|-|
|Sub-total of cash inflow from 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|||
|IV. Influence of exchange rate|||
|alternation on cash and cash|||
|equivalents|||
|V.Net increase of cash and cash|||
||179,833.00|-384,191.00|
|equivalents|||
|Add: balance of cash and cash|||
||23,480,977.00|10,557,501.00|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||23,660,810.00|10,173,310.00|
|equivalents at the end of term|||

II.Auditor’ report
Is the First Quarterly Report be audited?
□ Yes√No
This report is not audited.
The Board of Directors of Shenzhen Victor Onward Textile Industrial Co., Ltd. April 28,2015