深圳市纺织(集团)股份有限公司2014年半年度报告摘要 Stock code:000045，200045 Stock Abbreviation: Shen Textile A ,Shen Textile B Announcement No.: 2014-49 Shenzhen Tex tile (Holding) Co., Ltd.
Summary of the Semi-Annual Report 2014
1 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.
Company Profile
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||Shen Textile A, ShenTextile B|||000045、200045|
|Stock abbreviation||Stock code|||
|Short form of the Stock after|N/A||||
|changed (if applicable)|||||
|Stock exchange for listing|Shenzhen Stock Exchange||||
|Contact person and contact|||||
||Board secretary||Securities affairs Representative||
|manner|||||
|Name|Li Jiang||Jiang Peng||
|Tel|0755-83776043||0755-83776043||
|Fax|0755-83776139||0755-83776139||
|E-mail|lij@chinasthc.com||jiangp@chinasthc.com||

II.Financial datas and change of shareholders.
（1）Financial datas
Does the company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or correction of any accounting error?
□Yes√ No
|||||
|-|-|-|-|
||Reporting period|Same period of last year|YoY+/-（%）|
|Operating income（RMB）|471,623,824.81|576,348,010.06|-18.17%|
|Net profit attributable to the|-21,644,510.10|-8,041,264.26||
|shareholders of the listed company|||-169.17%|
|（RMB）||||
|Net profit after deducting of||||
|non-recurring gain/loss attributable||||
||-40,297,886.93|-28,602,943.09|-40.89%|
|to the shareholders of listed company||||
|（RMB）||||

深圳市纺织(集团)股份有限公司2014年半年度报告摘要
|||||
|-|-|-|-|
|Cash flow generated by business|-90,549,264.33|-56,951,682.53||
||||-58.99%|
|operation, net（RMB）||||
|Basic earning per share(RMB/Share)|-0.04|-0.02|-100.00%|
|Diluted gains per|-0.04|-0.02||
||||-100.00%|
|share(RMB/Share)(RMB/Share)||||
|Weighted average ROE(%)|-0.95%|-0.45%|-0.50%|
||As at the end of the|As at the end of last||
||||YoY+/-（%）|
||reporting period|year||
|Gross assets (RMB)|2,796,914,905.53|2,851,759,735.91|-1.92%|
|Net assets attributable to|2,264,892,718.01|2,297,846,577.11||
||||-1.43%|
|shareholders of the Compan（y RMB）||||

（2）Statement of shares held by top 10 shareholders
|||||||||
|-|-|-|-|-|-|-|-|
|Total Number of common||||||||
|shareholders at the end of||24,826||||||
|the reporting period||||||||
|Shareholdings of the top 10 common shareholders||||||||
||||Share|||Frozen or pledged||
|Name of the|Properties of|||||||
||||proportion|Total shares|Conditional shares|Status of||
|shareholder|shareholder||||||Amount|
||||%|||shares||
|ShenzhenInvestmentHoldings Co.,Ltd.|State-ownedlegal person||46.21%|234,069,436|51,457,976|||
|Pingan DahuaFundCompany－Pingan Bank－Wang Fang|Other||3.39%|17,152,659|0|||
|ShenzhenShenchaoTechnologyInvestmentCo., Ltd.|State-ownedLegal person||3.18%|16,129,032|0|||
|CITICSecuritiesCo., Ltd.|Domestic nonState-ownedLegal person||2.92%|14,770,031|0|||
|ICBC－NuoanSecuritiesInvestmentFund|Other||0.89%|4,500,000|0|||
|NationalSocialSecurity Fundportfolio 501|Other||0.85%|4,300,257|0|||
|Tibet Ruihua|Domestic non||0.69%|3,500,000|0|||

深圳市纺织(集团)股份有限公司2014年半年度报告摘要
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|-|-|-|-|-|-|
|InvestmentDevelopmentCo., Ltd.|State-ownedLegal person|||||
|Sun Fuxue|Domesticnatural personshares|0.40%|2,026,900|0||
|Sun Deliang|Domesticnatural personshares|0.39%|2,000,000|0||
|Zhongrong|Other|0.28%|1,440,000|0||
|International||||||
|Trust Co., Ltd.|||||0|
|－Zhongrong||||||
|Xingcheng No.1||||||
|||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 Company did not whether there is relationship||||
|Explanation on shareholders||||||
|||between the top ten shareholders holding non-restricted negotiable shares and||||
|participating in the margin||||||
|||between the top ten shareholders holding non-restricted negotiable shares and||||
|trading business||||||
|||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||||||
|participating in the margin||||||
|||N/A||||
|trading business(if any )(See||||||
|Notes 4)||||||

（3）The top 10 preference share holders
□ Applicable√ Not applicable
The controlling no preference shareholders of the Company in the report period.
（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 substaintial controller
□ Applicable√ Not applicable
No change of substaintial controller in the report period.
III.Discussion and analysis by the management
During the reporting period, the company actively promoted the construction of Phase II Polaroid Project, reached an agreement with the world's leading technology and R& D company Nitto Denko Corporation (hereinafter referred to as "Nitto Denko") on license, technical support and new technology-based production and other matters. During the reporting period, since the controlling shareholder Shenzhen Investment Holdings Co., Ltd. transferred part of the equity at the beginning of the year in order to deepen the reform of state-owned enterprises, and promote the construction of mixed economic system, the cooperation with Nitto Denko and
changes in fund raising for II project was set aside and phase II project construction was delayed during this period.
After the equity transfer was terminated, the company immediately recovered and continued to promote substantive
cooperation with Nitto Denko. The two companies have signed a "technical consultants" to further enhance the
good rate and utilization rate of company's various products. In addition, the company also developed new products
深圳市纺织(集团)股份有限公司2014年半年度报告摘要 by taking advantage of the R& D center expansion project to enhance the research and development level and make reservations of new products.
During the reporting period, due to the foreign firms increased the Polaroid expansion in domestic market, the market competition intensified, and affected by the equity transfer, the certification for the company new products and follow-up orders was delayed, the orders decreased led to the inadequate utilization rate, unable to digest the loss of fixed costs which made further loss. Thus the operating performance declined in the first half of the year and the business indicators did not reach expectations. The company has realized total profit of RMB 471.6238 million, decreased by18.17% from the same period of last year, The company has realized total profit of RMB -8.2633 million, decreased by1045.49%; with a net profit of RMB -21.6445 million, decreased by169.17% from the same period of last year.
IV. Matters related to financial reportingt
（1）Explain change of the accounting policies, accounting estimates and measurement methods as compared with the financial reporting of last year.
□ Applicable√ Not applicable
The accounting policies, accounting estimates or measurement methods did not change in the reporting period.（2）Explain retrospective restatement due to correction of significant accounting errors in the reporting period.□ Applicable√ Not applicable
No correction of significant accounting errors in the reporting period.
（3） Explain change of the consolidation scope as compared with the financial reporting of last year.
□ Applicable√ Not applicable
No change of consolidation range in the report period.
(4)Explanation of the Board of Directors and the Supervisor Committee concerning the “Non-standard audit report ” issued by the CPAs firm for the reporting period
□ Applicable√ Not applicable