Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2017 Stock code: 000045,200045 Stock Abbreviation: Shen Textile A , Shen Textile B Announcement No.: 2017-45 Shenzhen Textile (Holding) Co., Ltd.
Summary of the Semi-Annual Report 2017
I.Important notes
The summary is abstract from full-text of summary of the semi-annual report, for more details information , investors should found in the full-text of annual report that published on website of Shenzhen Stock Exchange and other website appointed by CSRC.
Non-standardauditor’s opinion
□ Applicable√Not applicable
Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the share capital for the reporting period, which has been reviewed and approved at the board meeting
□ Applicable√Not applicable
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either. Preliminary plan for profit distribution to the preference shareholders for the reporting period which has been reviewed and approved at the board meeting
□ Applicable√Not applicable
II. Basic information about the company
1. Company profile
||||||||
|-|-|-|-|-|-|-|
||Shen Textile A,ShenTextile B|||||000045、200045|
|Stock abbreviation|||Stock code||||
|Stock exchange for listing||Shenzhen Stock Exchange|||||
|Contact person and contact manner||Board secretary|||Securities affairs Representative||
|Name|Jiang Peng|||Li Zhenyu|||
||6/F, Shenfang Building, No.3 HuaqiangNorth Road, Futian District, Shenzhen|||6/F, Shenfang Building, No.3 HuaqiangNorth Road, Futian District, Shenzhen|||
|Office Address|||||||
|Tel|0755-83776043|||0755-83776043|||
|E-mail|jiangp@chinasthc.com|||lizy@chinasthc.com|||

2. Major accounting data and financial indicators
Does the Company adjust retrospectively or restate the accounting data of previous years due to changes in the
accounting policy or corrections of accounting errors?
□Yes√ No
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2017
||||||||
|-|-|-|-|-|-|-|
|||Reporting period||Same period of last year||YoY+/-（%）|
|Operating income（RMB）|739,337,756.87||552,157,585.56|||33.90%|
|Net profit attributable to the shareholders|14,457,841.63||-30,097,851.40||148.04%||
|of the listed company（RMB）|||||||
|Net profit after deducting of|||||||
|non-recurring gain/loss attributable to|||||||
|||-4,286,186.35||-32,378,678.35||86.76%|
|the shareholders of listed company|||||||
|（RMB）|||||||
|Cash flow generated by business|-98,176,400.94||-39,316,195.34||-149.71%||
|operation, net（RMB）|||||||
|Basic earning per share(RMB/Share)|0.03||-0.06|||150.00%|
|Diluted gains per|0.03||-0.06||150.00%||
|share(RMB/Share)(RMB/Share)|||||||
|Weighted average ROE(%)||0.61%||-1.40%||1.84%|
|||As at the end of the|||||
|||||As at the end of last year||YoY+/-（%）|
|||reporting period|||||
|Gross assets (RMB)|4,071,838,673.13||4,119,586,266.47|||-1.16%|
|Net assets attributable to shareholders of|2,353,937,989.03||2,339,554,176.31||0.61%||
|the listed Company（RMB）|||||||

3.Shareholders and shareholding
In Shares
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||39,293||||Number of shareholders ofpreferred stocks of whichvoting rights recovered inthe report period(If any)|||
||Total Number of common||||||||||
||shareholders at the end of the||||||||0||
||reporting period||||||||||
||Shareholdings of Top 10 shareholders||||||||||
|||||||Number of|Amount of restricted sharesheld||Number or share||
|Shareholders||||Proportion|||||||
||||Nature of|||shares held|||pledged/frozen||
|||||of shares|||||||
||||shareholder|||at period|||State of||
|||||||||||Amount|
|||||||-end|||share||
|ShenzhenInvestmentHoldings Co.,Ltd.||State-ownedlegal person||46.21%|234,069,436||0||||
|ShenzhenShenchaoTechnologyInvestmentCo., Ltd.||State-ownedLegal person||3.18%|16,129,032||0||||
|Anhui GuofuIndustrialInvestmentFundsMangementCo., Ltd.||Domestic nonState-ownedLegal person||0.67%|3,408,341||0||||
|Sun Huiming||DomesticNature person||0.49%|2,460,226||0||||
|WangMincang||DomesticNature person||0.27%|1,377,236||0||||
|Zhu Ye||DomesticNature person||0.26%|1,331,945||0||||
|ZhengChungang||DomesticNature person||0.25%|1,260,005||0||||

Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2017
||||||||
|-|-|-|-|-|-|-|
|Su Yunze||DomesticNature person|0.19%||960,000|0|
|Central HuijinAssetManagementCo., Ltd.||State-ownedlegal person|0.19%||958,300|0|
|Hong Fan||DomesticNature person|0.19%||952,600|0|
|||||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|||
||Related or acting-in-concert|||Company did not whether there is relationship between the top ten shareholders holding|||
||parties among shareholders|||non-restricted negotiable shares and between the top ten shareholders holding non-restricted|||
||above|||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.|||
||Explanation on shareholders|||The Company Shareholder Wang Mincang holds 860,036 shares of the Company through|||
||participating in the margin|||stock account with credit transaction , The Company Shareholder Zhu Ye holds 1,331,945|||
||trading business(if any )|||shares of the Company through stock account with credit transaction.|||

4.Changing of controlling shareholder and practical controller of the Company.
Change of holding shareholder
□ Applicable√ Not applicable
No change of holding shareholder in the report period.
Change of substantial controller
□ Applicable√ Not applicable
No change of substantial controller in the report period.
5.Number of preference shareholders and shareholdings of top 10 of them
□ Applicable√ Not applicable
No preference shareholders in the reporting period
6.Corporate bonds
Are there any corporate bonds publicly offered and listed on the stock exchange, which were undue before the approval date of this report or were due but could not be redeemed in full?
No
III. Performance discussion& analysis
1．Performance Review for Reporting period
Is the company subject to any disclosure requirements for special industries?
No
In the first half of 2017, the company deepened the reform, persistently adhered to the transformation development, strongly promoted the construction of No. 6 line project of polarizer, actively implemented the introducing results, fully utilized the flexibility of mixed ownership, constantly stimulated the operating vitality, thus the state of operation of the three main business were steady and rising. Overall, the polarizer production and management was improved, the profitability of property business was stable, and the textile and other trade
business showed a big growth. During the reporting period, the Company realized the operating income of RMB
739.3378 million, representing an increase of RMB187.1802 million or33.9% over the same period of last year; the
total profit was RMB 20.2794 million, representing an increase of RMB 46.14 million or178.42% over the same
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2017 period last year; the net profits was RMB 14.4578 million, representing an increase of RMB 44.5557 million or148.04% over the same period last year. The main reason for the company's turnaround and gaining profits: first, the Subsidiary Shenbo Optoelectronic improved the production efficiency of polarizer, improved the yield and reduced the costs, thus the gross margin increased; Second, the appreciation of Yen was narrowed compared with the same period last year, thus the exchange losses decreased compared with the same period last year; third, the income of trust wealth management increased, leading to the increase in non-recurring gains and losses over the same period last year.
During the reporting period, the company focused on the following work: First, through the full range of speed heavy volume, effectively enhance production capacity, improve quality and reduce consumption, and actively track the replacement of a variety of raw materials, continue to maintain and expand cooperation with existing customers while accelerating the new Project development, to support the production capacity release, reduce production costs; Second, as planned to promote the construction of Line 6 project, has entered the test climbing stage, is expected to complete this year, Line 6 installation and commissioning and trial production; Third is further to strengthen the management standards of property enterprises, to meet the needs and changes in the market, do the work of Huaqiang North region renovation work for the continuous improvement of property management to create the conditions; Fourth is is to actively promote China crown building construction projects, completed the project filing procedures, the second half of China will do a good job in the building of China Merchants cited rental work to make it a new growth point for the company's property income as soon as possible;Fifth, to further adjust and improve the "13th Five-Year " strategy Development plan, the company will be based on the "13th Five-Year " planning program, arrangements for relevant departments in-depth study, the development of specific measures to implement as soon as possible; Sixth is always grasp the safety of production, maintaining business harmony and stability.
2.Maters related to financial report
(1) Reason for changes in accounting policies, accounting estimates and accounting methods as compared to the financial report for the prior year
□ Applicable√ Not applicable
No such cases in the reporting period.
(2) Reason for retrospective restatement to correct major accounting errors during the reporting period
□ Applicable√ Not applicable
No such cases in the reporting period.
(3) Reason for changes in scope of the consolidated financial statements as compared to the financial report for the prior year
□ Applicable√ Not applicable
No such cases in the reporting period.