深纺织Ｂ：2017年年度报告（英文版）.PDF

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1、Shenzhen Textile(Holdings)Co.,Ltd.2017 Annual Report 1 Shenzhen Textile(Holdings)Co.,Ltd.2017 Annual Report March 2018 Shenzhen Textile(Holdings)Co.,Ltd.2017 Annual Report 2 I.Important Notice,Table of Contents and Definitions The Board of Directors,Supervisory Committee,All Directors,Supervisors an

2、d 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.Zhu

3、Meizhu,Chief financial officer and the Mr.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 revie

4、wing the Annual Report.I.Concerning the forward-looking statements with future planning involvedin 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 m

5、aterial 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 r

6、emind the majority of investors，Securities Time,China Securities Journal,Securities Daily,Shanghai Securities News,Hongkong Commercial Daily and Juchao Website（http:/）are the media for information disclosure appointed by the Company,all information under the name of the Company disclosed on the abov

7、e said media shall prevail,and investors are advised to exercise caution of investment risks.The Company has no plan of cash dividends carried out,bonus issued and capitalizing of common reserves either.This Report has been prepared in both Chinese and English.In case of any discrepancy,the Chinese

8、version shall prevail.Shenzhen Textile(Holdings)Co.,Ltd.2017 Annual Report 3 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.Managements Discussion and Analysis V.Important Events VI.Cha

9、nge of share capital and shareholding of Principal Shareholders VII.Situation of the Preferred Shares VIII.Information about Directors,Supervisors and Senior Executives IX.Administrative structure X.Corporate Bond XI.Financial Report XII.Documents available for inspection Shenzhen Textile(Holdings)C

10、o.,Ltd.2017 Annual Report 4 Definition Terms to be defined Refers to Definition Company/The Company/Shen Textile Refers to Shenzhen Textile(Holdings)Co.,Ltd Articles of Association Refers to Articles of Association of Shenzhen Textile(Holdings)Co.,Ltd Actual controller/National Assets Regulatory Com

11、mission of Shenzhen Municipal Peoples Government Refers to National Assets Regulatory Commission of Shenzhen Municipal Peoples Government The Controlling shareholder/Shenzhen Investment Holding Co.,Ltd.Refers to Shenzhen Investment Holding Co.,Ltd.Shenchao Technology Refers to Shenzhen Shenchao Tech

12、nology Investment Co.,Ltd.Shengbo Optoelectronic Refers to Shenzhen Shengbo Optoelectronic Technology Co.,Ltd.Jinjiang Group Refers to Hangzhou Jinjiang Group Co.,Ltd.Nitto Denko Refers to Japan Nitto Denko Corporation Kunshan Chi Mei Refers to Kunshan Chi Mei Materials Technology Co.,Ltd.Jinhang In

13、vestment Refers to Hangzhou Jinhang Equity Investment fund Partnership(LP)Kunshan Jinlin Refers to Kunshan Jinlin Optoelectronic Material Co.,Ltd.Zhejiang Jinhao Refers to Zhejiang Jinhao Optoelectronic Material Co.,Ltd.“CSRC”Refers to China Securities Regulatory Commission Company Law Refers to Com

14、pany Law of the Peoples Republic of China Securities Law Refers to Securities Law of the Peoples Republic of China The Report Refers to 2017 Annual Report Shenzhen Textile(Holdings)Co.,Ltd.2017 Annual Report 5 II.Basic Information of the Company and Financial index.Company Information Stock abbrevia

15、tion 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 Registere

16、d address 6/F,Shenfang Building,No.3 Huaqiang North Road,Futian District,Shenzhen Postal code of the Registered Address 518031 Office Address 6/F,Shenfang Building,No.3 Huaqiang North Road,Futian District,Shenzhen Postal code of the office address 518031 Internet Web Site http:/ E-mail .Contact pers

17、on and contact manner Board secretary Securities affairs Representative Name Jiang Peng Li Zhenyu Contact address 6/F,Shenfang Building,No.3 Huaqiang North Road,Futian District,Shenzhen 6/F,Shenfang Building,No.3 Huaqiang North Road,Futian District,Shenzhen Tel 0755-83776043 0755-83776043 Fax 0755-8

18、3776139 0755-83776139 E-mail .Information disclosure and placed Newspapers selected by the Company for information disclosure Securities Times,China Securities,Shanghai Securities Daily,Securities Daily and Hongkong Commercial Daily.Shenzhen Textile(Holdings)Co.,Ltd.2017 Annual Report 6 Internet web

19、site designated by CSRC for publishing the Annual report of the Company http:/ The place where the Annual report is prepared and placed Secretarial office of the Board.Changes in Registration Organization Code 19217374-9 Changes in principal business activities since listing(if any)In July 2012,The

20、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 industry,textile equipment and accessories,instruments,standard parts,raw t

21、extile 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 Superv

22、isory Authority.Changes is the controlling shareholder in the past(is any)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 Peoples Government(Shen Guo Zi Wei(2004)No.223 Do

23、cument),Shenzhen Investment Management Co.,Ltd.,the controlling shareholder of the Company,and Shenzhen Construction Holding Company and Shenzhen Commerce and Trade Holding Company merged into Shenzhen Investment Holdings Co.,Ltd.Other Relevant Information CPAs engaged Name of the CPAs Peking Certif

24、ied Public Accountants（Special Geneaal Partnership）Office address：11/F,Zhongtang Building,No.110,Xihimen Street,Beijing Names of the Certified Public Accountants as the signatiries Li Yong,Lan Tao The sponsor performing persist ant supervision duties engaged by the Company in the reporting period.Ap

25、plicable 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 y

26、ears Yes No 2017 2016 Changed over last year2015 Shenzhen Textile(Holdings)Co.,Ltd.2017 Annual Report 7 （）Operating income（RMB）1,475,545,719.72 1,198,200,216.42 23.15%1,226,746,791.62 Net profit attributable to the shareholders of the listed company（RMB）52,776,101.46-87,270,604.54 160.47%8,497,227.4

27、0 Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（RMB）3,140,446.26-102,767,648.41 103.06%-92,259,797.61 Cash flow generated by business operation,net（RMB）-28,518,702.31-55,264,465.84 48.40%39,584,500.37 Basic earning per share(RMB/Share)0.10-0

28、.17 158.82%0.02 Diluted gains per share(RMB/Share)(RMB/Share)0.10-0.17 158.82%0.02 Net asset earning ratio（%）2.23%-4.10%6.33%0.39%End of 2017 End of 2016 Changed over last year（）End of 2015 Gross assets（RMB）4,195,746,507.56 4,119,586,266.47 1.85%2,969,394,978.70 Net assets attributable to shareholde

29、rs of the listed company（RMB）2,397,474,603.79 2,339,554,176.31 2.48%2,174,569,545.55 VII.The differences between domestic and international accounting standards 1Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in the financial reports of

30、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 qu

31、arter Third quarter Fourth quarter Shenzhen Textile(Holdings)Co.,Ltd.2017 Annual Report 8 Operating income 272,392,669.11 466,945,087.76 331,001,389.67 405,206,573.18 Net profit attributable to the shareholders of the listed company 4,302,137.37 10,155,704.26 19,241,712.46 19,076,547.37 Net profit a

32、fter deducting of non-recurring gain/loss attributable to the shareholders of listed company-2,285,765.61-2,000,420.74 10,458,557.56-3,031,924.95 Net Cash flow generated by business operation-185,774,958.96 87,598,558.02-114,731,423.21 184,389,121.84 Whether significant variances exist between the a

33、bove 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(2017)Amount(2016)Amount(2015)Notes Non-

34、current asset disposal gain/loss(including the write-off part for which assets impairment provision is made)-52,131.44-138,610.37-25,108.97 Govemment subsidy recognized in currentgain and loss(excluding those closely related to the Companys business and granted under the states policies)12,567,426.9

35、8 9,578,484.46 21,420,940.38 Gain/loss on entrusting others with investment or asset management 49,885,730.58 Gain/loss from change of fair value of transactional financial asset and liabilities,and investment gains from disposal of transactional financial assets and liabilities and sellable financi

36、al assets other than valid period value instruments related to the Companys common businesses.88,006,690.51 Switch back of provision for depreciation of account receivable which was singly taken depreciation test.332,073.93 634,628.72 790,775.00 Net amount of non-operating income and expense except

37、the aforesaid items-1,175,757.59 5,493,881.12 2,465,842.60 Shenzhen Textile(Holdings)Co.,Ltd.2017 Annual Report 9 Other non-recurring Gains/loss items 23,068,858.53 Less:Influenced amount of income tax 1,828,395.90 71,340.06 11,902,114.51 Influenced amount of minor shareholders equity(after tax)33,1

38、62,149.89 Total 49,635,655.20 15,497,043.87 100,757,025.01-For the Companys non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and its non-recurring gain/loss ite

39、ms 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-recu

40、rring gain/loss items recorgnized as recurring gain/loss/items as defined by the information disclosure explanatory Announcement No.1-Non recurring gain/loss in the report period.Shenzhen Textile(Holdings)Co.,Ltd.2017 Annual Report 10 III.Business Profile.Main Business the Company is Engaged in Duri

41、ng the Report Period Whether the company needs to comply with the disclosure requirements of the particular industry No In 2016,the companys main business covered such the high and new technology industry as represented by LCD polarizer,its own property management business and the retained business

42、of high-end textile and garment Polarizer is the upstream raw material for liquid crystal panel,also is one of the key materials for flat panel display industry,and it has been widely used in smart phones,liquid crystal display panel of tablet computers and TVs and so forth,OLED display panel,instru

43、mentation,sun glasses,filter of photographic equipments and so on many fields.The companys five existing production lines of polarizer with mass production have products covered the fields such as TN,STN,TFT,OLED,3D,dye plate,optical film for touch screen,and the products mainly used in TV,NB,naviga

44、tor,monitor,automotive,industrial control,instrumentation,smart phones,wearable devices,3D glasses,sunglasses and so forth products,Since the beginning of this year,the company has continuously strengthened sales channel expansion and company brand building,and has continuously expanded its sales ch

45、annels through various advantages such as market,policy,and geographical location.becoming the qualified supplier to Huaxing Optoelectronic,BOE,Ivo,Shenchao Optoelectronic,LGD,Shen Tianma and so forth panel companies.During the reporting period,the company firstly improved the operating capability o

46、f the polarizer business.The company promotes the technological level,breaks through the bottleneck of production capacity,optimizes the product structure,strictly controls the product performance indicators,optimizes the transformation of the process and equipment,and achieves the simultaneous impr

47、ovement of the output and quality;secondly,it actively promotes the construction of the No.6 line project and completes the installation and commissioning.Trial production and other work have initially met the conditions for mass production;at the same time,in order to better undertake the business

48、of large-size polarizer products with higher profits,the company has carried out the optimization and transformation of host equipment for the second phase 6 line project;the third is the introduction of global Leading polarizer technology,to build ultra-wide-width production line construction,and p

49、romote the leap-frog development of polarizers main business;Fourth,implement the requirements of the municipal SASAC and investment control companies to fully establish a long-term incentive and restraint mechanism,and benchmark advanced enterprises.With the common practice of the industry and arou

50、nd the strategic goals of suppliers of optical film products such as international first-class polarizers,we have actively promoted the formulation and implementation of the 2017 Restricted Stock Incentive Plan,and achieved Incentives and constraints of technology and business backbones to promote t