深纺织Ｂ：2016年年度报告（英文版）.PDF

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1、Shenzhen Textile(Holdings)Co.,Ltd.2016 Annual Report 1 Shenzhen Textile(Holdings)Co.,Ltd.2016 Annual Report March 2017 Shenzhen Textile(Holdings)Co.,Ltd.2016 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、Jun,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 reviewin

4、g the Annual Report.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.The company to remind the majority of investors，Securities Time,China Securities J

5、ournal,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 above said media shall prevail,and investors are advised to exercise c

6、aution 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 version shall prevail.Shenzhen Textile(Holdings)Co.,Ltd.2016 Annua

7、l 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.Change of share capital and shareholding of Principal Shareholders VI

8、I.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)Co.,Ltd.2016 Annual Report 4 Definition Terms to be defined Refers

9、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 Commission of Shenzhen Municipal Peoples Government Refers to Nationa

10、l 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 Technology Investment Co.,Ltd.Shengbo Optoelectronic Refers to Shenzhe

11、n Shengbo Optoelectronic Technology Co.,Ltd.Jinjiang Group Refers to Hangzhou Jinjiang Group Co.,Ltd.Jinhang Investment Refers to Hangzhou Jinhang Equity Investment fund Partnership(LP)Jinhang Investment Refers to Hangzhou Jinhang Investment Fund Partnership（LP）TCL Group Refers to TCL Group Co.,Ltd.

12、“CSRC”Refers to China Securities Regulatory Commission Company Law Refers to Company Law of the Peoples Republic of China Securities Law Refers to Securities Law of the Peoples Republic of China The Report Refers to 2016 Annual Report Shenzhen Textile(Holdings)Co.,Ltd.2016 Annual Report 5 II.Basic I

13、nformation of the Company and Financial index.Company Information Stock abbreviation 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

14、）CO.,LTD English abbreviation(If any)STHC Legal Representative Zhu Jun Registered 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

15、 code of the office address 518031 Internet Web Site http:/ E-mail .Contact person and contact manner Board secretary Securities affairs Representative Name Jiang Peng Mo Xiayun Contact address 6/F,Shenfang Building,No.3 Huaqiang North Road,Futian District,Shenzhen 6/F,Shenfang Building,No.3 Huaqian

16、g North Road,Futian District,Shenzhen Tel 0755-83776043 0755-83776043 Fax 0755-83776139 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 Comm

17、ercial Daily.Internet website designated by CSRC for publishing the Annual report of the Company http:/ Shenzhen Textile(Holdings)Co.,Ltd.2016 Annual Report 6 The place where the Annual report is prepared and placed Secretarial office of the Board.Changes in Registration Organization Code 19217374-9

18、 Changes in principal business activities since listing(if any)In July 2012,The 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 tex

19、tile industry,textile equipment and accessories,instruments,standard parts,raw textile 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);

20、operation of import and export business.after approval of Shenzhen Market Supervisory 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 C

21、ommittee of Shenzhen Municipal Peoples Government(Shen Guo Zi Wei(2004)No.223 Document),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 Holding

22、s Co.,Ltd.Other Relevant Information CPAs engaged Name of the CPAs Peking Certified 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

23、persist ant supervision duties engaged by the Company in the reporting period.Applicable 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 mak

24、e retroactive adjustment or restatement of the accounting data of the previous years due to change of the accounting policy and correction of accounting errors.Yes No 2016 2015 Changed over last year（）2014 Shenzhen Textile(Holdings)Co.,Ltd.2016 Annual Report 7 Operating income（RMB）1,198,200,216.42 1

25、,226,746,791.62-2.33%1,210,952,548.57 Net profit attributable to the shareholders of the listed company（RMB）-87,270,604.54 8,497,227.40-1,127.05%-113,591,328.26 Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（RMB）-102,767,648.41-92,259,797.61-

26、11.39%-148,855,363.05 Cash flow generated by business operation,net（RMB）-55,264,465.84 39,584,500.37-239.61%-48,701,494.05 Basic earning per share(RMB/Share)-0.17 0.02-950.00%-0.22 Diluted gains per share(RMB/Share)(RMB/Share)-0.17 0.02-950.00%-0.22 Net asset earning ratio（%）-4.10%0.39%-4.49%-5.06%E

27、nd of 2016 End of 2015 Changed over last year（）End of 2014 Gross assets（RMB）4,119,586,266.47 2,969,394,978.70 38.73%2,884,531,917.28 Net assets attributable to shareholders of the listed company（RMB）2,339,554,176.31 2,174,569,545.55 7.59%2,196,249,248.26 VII.The differences between domestic and inte

28、rnational accounting standards 1Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in the financial reports of differences in net income and net assets.Applicable Not applicable Nil 2.Differences of net profit and net assets disclosed in fin

29、ancial reports prepared under overseas and Chinese accounting standards.Applicable Not applicable Nil VIII.Main Financial Index by Quarters In RMB First quarter Second quarter Third quarter Fourth quarter Shenzhen Textile(Holdings)Co.,Ltd.2016 Annual Report 8 Operating income 262,310,373.65 289,847,

30、211.91 305,710,856.98 340,331,773.88 Net profit attributable to the shareholders of the listed company-10,246,461.60-19,851,389.80-22,331,061.71-34,841,691.43 Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company-11,444,624.15-20,934,054.20-28,728,2

31、56.10-41,660,713.97 Net Cash flow generated by business operation-23,635,239.84-15,680,955.50-9,241,580.15-6,706,690.35 Whether significant variances exist between the above financial index or the index with its sum and the financial index of the quarterly report as well as semi-annual report index

32、disclosed by the Company.Yes No IX.Items and amount of non-current gains and losses Applicable Not applicable In RMB Items Amount(2016)Amount(2015)Amount(2014)Notes Non-current asset disposal gain/loss(including the write-off part for which assets impairment provision is made)-138,610.37-25,108.97 5

33、2,281.62 Govemment subsidy recognized in currentgain and loss(excluding those closely related to the Companys business and granted under the states policies)9,578,484.46 21,420,940.38 16,688,387.98 Gain arising from investment costs for acquisition of subsidiaries,associates and joint-ventures by th

34、e corporation being less than its share of fair value of identifiable net assets of the investees on acquisition 3,897,638.73 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

35、sellable financial assets other than valid period value instruments related to the Companys common businesses.88,006,690.51 16,896,190.19 Switch back of provision for depreciation of account receivable which was singly taken 634,628.72 790,775.00 1,655,886.25 Shenzhen Textile(Holdings)Co.,Ltd.2016 A

36、nnual Report 9 depreciation test.Other non-operating income and expenditure except for the aforementioned items 5,493,881.12 2,465,842.60 437,923.44 Less:Amount of influence of income tax 71,340.06 11,902,114.51 4,364,273.42 Total 15,497,043.87 100,757,025.01 35,264,034.79-For the Companys non-recur

37、ring 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 items as illustrated in the Explanatory Announcement No.1 on information Disclosure for

38、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 recorgnized as recurring gain/loss/itesm as defined by the info

39、rmation disclosure explanatory Announcement No.1-Non recurring gain/loss in the report period.Shenzhen Textile(Holdings)Co.,Ltd.2016 Annual Report 10 III.Outline of Company Business I.Main Business the Company is Engaged in During the Report Period Whether the company needs to comply with the disclo

40、sure 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 of high-end textile and garment Polarizer is the upstream raw material f

41、or 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,instrumentation,sun glasses,filter of photographic equipments and so on many f

42、ields.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,navigator,monitor,automotive,industrial control,instrumentation,smart phones,w

43、earable devices,3D glasses,sunglasses and so forth products,becoming the qualified supplier to Huaxing Optoelectronic,BOE,IVO,Shenchao Optoelectronic,LGD and so forth panel companies.During the reporting period,firstly,the company effectively improved the production capacity of polarizer through spe

44、ed-up and capacity-lift of the production line;secondly,the company promoted the second-phase construction of No.6 line project according to the plan and completed the plant decoration and purification and the related projects,as well as the host equipment has been successively arrived in the port w

45、hile being installed;thirdly;in order to further enhance the companys polarizer production technology and management level,the company launched the introduction of strategic investors for Shenbo Optoelectronic,resulted in that Jinhang Investment-which was set up by Hangzhou Jinjiang Group Co.,Ltd an

46、d Hangzhou Jinjiang Group Co.,Ltd is the actual controller-invested RMB 1352.64 million in cash to subscribe 40%stake of Shengbo Optoelectronics.On the basis of the Capital Increase Agreement signed by the company and Jinjiang Group andJinhang Investment,they also signed the Cooperative Agreement wh

47、ich reached a consensus in connection to the future development and management of Shengbo Optoelectronics.Upon the dual effects of the product line construction and the enormous downstream market,the core of the global display industry has speeded up the transfer to the Mainland China,thus Mainland

48、China has become the investment hotspots for the global panel display industry.The panel display industry is one of the most important development projects listed in Medium and Long Term Development Outline for Information Industry form 2006 to 2020,and is also an industry encouraged by the country.

49、In the future,the company will,upon more than 20 years of operational experiences in the industry and the regional advantages,fully utilize the resource advantages of state-owned enterprise and the mechanism advantages of private enterprise.Based on the all-round improvement of the management level

50、and profitability and production technology,the company will tap into the platform of listed company and the existing industries to integrate the industrial resources of polarizer industry and other related optical film industry both in China and Taiwan area to boost the development of Shengbo Optoe