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神州长城(000018)公告正文

ST中冠B:2011年第三季度报告全文(英文版)

公告日期:2011-10-31

    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    Shenzhen Victor Onward Textile Industrial Co., Ltd.
    Quarterly Report for the Third Quarter of 2011(Full text)
    §1 Important Notice
    1.1 The Board of Directors and the directors of the Company hereby warrant 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.
    1.2    The Third quarterly financial report of the Company is not audited .
    1.3 Mr.   Hu Yongfeng, board chairman and General Manager of the Company, Mr.Zhang Jinliang,
    Deputy General Manager of the Company, Mr. Ren Chengzheng , Manager of Financial Dept
    represent and warrant the financial report in this quarterly report is true and complete.
    §2 Basic Information
    2.1 Highlights of Accounting Data and Financial Indicators
    Unit:RMB
    2011.9.30                    2010.12.31            Increase /decrease(%)
    Total assets(RMB)                           176,810,278.00               195,732,419.00                         -9.67%
    Owner’s equity attributable to
    shareholders of the listed company                   124,581,543.00               142,929,499.00                        -12.84%
    (RMB)
    Stock capital(shares)                        169,142,356.00               169,142,356.00                          0.00%
    Net assets per share attributable to
    shareholders of the listed company                              0.74                         0.85                       -12.94%
    (yuan/shares)
    Increase/decrease in                             Increase/decrease in
    the report period                                the report period
    January-September
    July-September 2011 compared with the                                 compared with the
    2011
    same period of the                               same period of the
    last year(%)                                     last year(%)
    Total turnover(RMB)                       2,463,266.00                 9.92%          7,992,076.00                  6.26%
    Net profit attributable to
    shareholders of the listed company                -4,036,157.00               -519.13%        -12,268,678.00              -292.43%
    (RMB)
    Net cash flow arising from operating
    -                     -                    2,243,234.00                292.60%
    activities(RMB)
    Net cash flow per share arising from                 -                     -                            0.01                  0.00%
    1
    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    operating activities(yuan/shares)
    Basic earnings per share
    -0.02              -300.00%                      -0.07           -275.00%
    (yuan/shares)
    Diluted earnings per share
    -0.02              -300.00%                      -0.07           -275.00%
    (yuan/shares)
    Weighted average return on equity
    -3.07%                 -3.71%                  -9.31%               -13.65%
    (%)
    Weighted average Return on net
    assets after deducting non-recurring                        -3.08%                 -3.63%                  -9.32%               -13.57%
    gains and losses(%)
    Items of non-current gains and losses
    √applicable □not applicable
    Unit:RMB
    Non-recurring gain and loss items                                     Amount                   Notes(If applicable)
    Gains and losses of non-recurring                                                                    -529.00
    Except the effective hedge business related to the normal operation
    business of the Company, the profit and loss in the changes of fair
    values caused by the holding of tradable financial assets and tradable
    14,005.00
    financial liabilities as well as the investment returns in disposal of
    tradable financial assets, tradable financial liabilities and saleable
    financial assets
    Other non-operating income and expenditure beside for the
    7,358.00
    above items
    Total                                                             20,834.00              -
    2.2 Total number of shareholders in the end of the report period and shares held by the top ten shareholders with
    unrestricted conditions
    Unit:Shares
    Total number of shareholders at the end of report
    12,014
    period
    Share held by the top ten shareholders with unrestricted conditions
    Number of Unconditional shares held at
    Name of the shareholder                                                                          Type of shares
    the period-end
    Union Holding Co., Ltd.                                                            43,141,032 RMB common shares
    Foreign shares placed in domestic
    STYLE-SUCCESS LIMITED                                                              24,466,029
    exchange
    Shenzhen Textile (Group)Holdings Co., Ltd                                           9,543,394 RMB common shares
    Foreign shares placed in domestic
    Rich Crown Investment Co., Ltd.                                                     6,114,556
    exchange
    Union Development Group Co., Ltd.                                                   5,821,089 RMB common shares
    Wang Rulian                                                                         4,358,839 RMB common shares
    Liuzhou Jiali Real Estate Development Co., Ltd.                                     2,110,000 RMB common shares
    Foreign shares placed in domestic
    BOCI SECURITIES LIMITED                                                             1,940,767
    exchange
    GUOTAI JUNAN SECURITIES(HONGKONG)                                                               Foreign shares placed in domestic
    1,573,255
    LIMITED                                                                                         exchange
    Foreign shares placed in domestic
    Shing Ying Chieh                                                                    1,550,362
    exchange
    2
    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    §3 Significant Events
    3.1 Particular about large-margin change of main accounting statement item and financial index and its
    reason.
    √ applicable □ not applicable
    1.Analysis of the reason for big change of the items of balance sheet of the Company as of the end of the report period.
    Unit: RMB
    Items                 September 30,2011            December 31,2010           Amount of increased /      Proportion increased
    Decreased                    Decreased
    Long term share
    equity investment          63,702,821                       77,199,476                  -13,496,655          -17.48%
    Long term share equity investment decreased by RMB13.49 million and -17.48%, Mainly due to the loss to the earnings of Zhejiang
    Union Hangzhou Bay Ventures Co., Ltd., an affiliated Company.
    2.Analysis of the reason for big change of the items of profit statement as of the end of the report period.
    n the period from January 2011 to September 2011,the company earned operating income of RMB 7.99 million on accumulative basis,
    which Increased by RMB 0.47 million and 6.26% year on year. Net profit is RMB -12.32 million. compare to the data last year same
    period, which loss increased by RMB 18.62 million and 292.43%.
    ⑴Analysis of reason for increase of operating income:
    Rental income has increased.
    ⑵The main reason for increased of amount of loss:
    Mainly due to the loss to the earnings of Zhejiang Union Hangzhou Bay Ventures Co., Ltd., an affiliated Company..
    3.Analysis of the reason for big change of the items of cash flow statement of the Company in the report period.
    Unit: RMB
    Items                            This period       Same period of last year        Amount of                 Proportion
    increased/decreased     Increased/ decreased
    Net cash flows arising form
    Operating activities                    2,243,234             571,375                        1,671,859            292.60%
    Net cash flows from investing activities -101,101              -112,351                       11,250               -10.01%
    Net cash flows from financing activities        0             3,000,000                      -3,000,000           -100.00%
    The influence of change in exchange rate
    On cash and cash equivalents                -1,265,877          -609,156                       -656,721           107.81%
    Net increase of cash and cash equivalents 876,256            -3,150,132                         4,026,388        -127.82%
    ⑴At the end of the report period, net increase in cash and cash equivalents increased by RMB 1.67 million year on year, Mainly due
    to the rental income has increased in the report period;
    ⑵In the report period, Net cash flows from investing activities increased by RMB 10,000 year on year;
    ⑶At the end of the report period, There were no net cash flows from financing activities in the report period and the same period of
    previous year;
    ⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents decreased by RMB 0.65
    million year on year;, Mainly due to RMB and HKD exchange Rate fluctuations;
    ⑸At the end of the report period, net increase in cash and cash equivalents increased by RMB4.02 million year on year.
    3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
    □applicable √ not applicable
    3.2.1 Non-standard Opinion
    □applicable √ not applicable
    3
    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    3.2.2 The Company provided funds to its controlling shareholder or related parties and provided guarantees in
    violation of established procedures.
    □applicable √ not applicable
    3.2.3 Signing and performance of significant contracts for daily operation
    □applicable √ not applicable
    3.2.4 Other
    In the report period, the key points of company internal control are keep managing regulations and policy of the company, the
    internal control group has examined the development,progression and information of the internal control for the previous period. At
    the mean time, the internal control group has straightened out processes of internal control with Certified Public Accountants,
    Collecting and Sorting indispensable data for hiring internal certified public accountants.
    □applicable √ not applicable
    3.3 The fulfillment of the commitment made by the Company , shareholders and the actual controller
    Commitments made by the listed company and its directors, supervisors, senior executives, the shareholders with
    holding above 5% shares and its actual controller in the report period, or lasting until the report period.
    □applicable √ not applicable
    3.4 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            Losses
    Year beginning to end of next      Same period of the
    Increase or decrease%
    report period                previous year
    Estimated amount of
    accumulative net                     -1,800.00 --      -1,500.00                    637.00 Decline                     --
    profit(RMB’0000)
    Basic earnings per shares
    -0.11 --         -0.09                     0.04 Decline                     --
    (Yuan/share)
    Due to loss impact of real estate projects of Zhejiang Union Hangzhou Bay Ventures Co., Ltd. account
    Notes to forenotice of earnings
    ed for on equity basis ,the accumulative net profit for 2011 is estimated to be about RMB -18 million
    to RMB -15 million.
    3.5 Major events needs to be explained
    3.5.1 Investment in securities
    √applicable   □not applicable
    Unit:RMB
    Stock         Initial  Amount held Book values at Percentage of Profit and loss
    No       Stock type       Stock code
    abbreviation   investment  (shares)     the end of       total     during the report
    4
    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    amount(Yuan                          period(RMB) investment in        period(RMB)
    )                                            this stock at
    the end or
    period(%)
    Tianli
    1    Stock               300156           Environmental        28,900.00                  0              0.00           0.00%        4,625.00
    Engineering
    Landocean
    2    Stock               300157                                28,403.00                  0              0.00           0.00%        5,215.00
    Energy
    3    Stock               002537           Haoli Matal          19,932.00                  0              0.00           0.00%              19.00
    4    Stock               601558           Sinovel Wnd                0.00              2,000       44,000.00        46.50%         -45,000.00
    5    Stock               002563           Semir Garment              0.00              1,000       50,620.00        53.50%         -16,380.00
    Other stock investment held at the end of report term                0.00         -                      0.00           0.00%               0.00
    Gain/loss of disposed stock investment in the report term            -                -                 -               -                2,808.00
    Total                                  77,235.00          -                94,620.00            100%       -48,713.00
    Statement on securities investment:
    .
    3.5.2 Reception of investigations , communications , or interviews
    Discussion issue and offered
    Reception                Place                      Mode                       Object
    information
    August 29,2011
    Office of board
    Telephone                      Investor
    Inquiry about the Company’s
    secretary of the
    Company                                                                         status
    Office of board                                                                 Inquiry about the Company's
    September 22, 2011       secretary of the        Telephone                      Investor                 whether the Company has any
    Company
    plan for reorganization.
    3.6 Particulars about derivatives investment
    □applicable √ not applicable
    3.6.1 Particulars about the positions of derivatives investment at the end of report period.
    □applicable √ not applicable
    §4 Appendix
    4.1 Balance sheet
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.                               September 30, 2011 Unit:RMB
    Year-end balance                                        Year-beginning balance
    Items
    Consolidated           Parent company                   Consolidated             Parent company
    Current asset:
    Monetary fund                                52,662,869.00              22,085,459.00                   51,786,613.00           23,577,186.00
    Settlement provision
    Outgoing call loan
    5
    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    Trading financial assets            94,620.00           94,620.00            77,235.00            77,235.00
    Bill receivable
    Account receivable                451,650.00                                586,576.00
    Prepayments                          8,313.00                                23,225.00
    Insurance receivable
    Reinsurance receivable
    Provisions of Reinsurance
    contracts receivable
    Interest receivable                                                         6,646.00
    Dividend receivable
    Other account receivable        531,282.00        73,191,877.00           175,951.00        75,638,428.00
    Repurchasing of financial
    assets
    Inventories                      411,684.00          411,684.00           429,613.00          429,612.00
    Non-current asset due in 1
    year
    Other current asset
    Total of current assets         54,160,418.00       95,783,640.00        53,085,859.00        99,722,461.00
    Non-current assets:
    Loans and payment on
    other’s behalf disbursed
    Disposable financial asset      512,799.00                                874,427.00
    Expired investment in
    possess
    Long-term receivable
    Long term share equity
    63,702,821.00       37,001,782.00        77,199,476.00        38,613,199.00
    investment
    Property investment           35,468,643.00        5,513,931.00        39,679,004.00         6,019,483.00
    Fixed assets                  15,911,543.00       13,004,711.00        17,492,132.00        14,313,935.00
    Construction in progress
    Engineering material
    Fixed asset disposal
    Production physical assets
    Gas & petrol
    Intangible assets              1,924,928.00        1,924,928.00         2,049,023.00         2,049,023.00
    R & D petrol
    Goodwill                       5,129,126.00                             5,352,498.00
    Long-germ expenses to be
    amortized
    Differed income tax asset
    Other non-current asset
    Total of non-current assets    122,649,860.00       57,445,352.00       142,646,560.00        60,995,640.00
    Total of assets                176,810,278.00      153,228,992.00       195,732,419.00       160,718,101.00
    Current liabilities
    6
    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    Short-term loans
    Loan from Central Bank
    Deposit received and hold
    for others
    Call loan received
    Trade off financial
    liabilities
    Bill payable
    Account payable                  3,286,176.00          113,564.00         3,353,297.00           115,281.00
    Advance account received        2,717,669.00        1,941,451.00         2,718,175.00         1,939,819.00
    Selling of repurchased
    financial assets
    Fees and commissions
    receivable
    Employees’ wage payable         596,909.00           524,391.00           620,363.00           579,911.00
    Tax payable                     2,945,761.00        1,714,870.00         2,914,867.00         1,723,217.00
    Interest payable
    Dividend payable
    Other account payable          29,934,572.00          635,366.00        29,974,945.00          651,133.00
    Reinsurance fee payable
    Insurance contract
    provision
    Entrusted trading of
    securities
    Entrusted selling of
    securities
    Non-current liability due in
    1 year
    Other current liability         2,682,368.00        1,459,387.00         2,504,404.00         1,185,618.00
    Total of current liability       42,163,455.00        6,389,029.00        42,086,051.00         6,194,979.00
    Non-current liabilities:
    Long-term loan                  1,198,487.00                             1,350,126.00
    Bond payable
    Long-term payable               8,535,957.00                             8,907,695.00
    Special payable                  841,633.00           841,633.00           878,286.00          878,286.00
    Expected liabilities
    Differed income tax liability       855,117.00        4,036,148.00           892,357.00         4,211,921.00
    Other non-current
    liabilities
    Total of non-current
    11,431,194.00        4,877,781.00        12,028,464.00         5,090,207.00
    liabilities
    Total of liability               53,594,649.00       11,266,810.00        54,114,515.00        11,285,186.00
    Owners’ equity
    Share capital                   169,142,356.00      169,142,356.00       169,142,356.00       169,142,356.00
    7
    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    Capital reserves                         39,547,397.00             31,606,598.00          39,872,534.00           31,606,598.00
    Less:Shares in stock
    Special reserve
    Surplus reserves                       26,704,791.00             26,309,287.00          26,704,791.00           26,309,287.00
    Common risk provision
    Undistributed profit               -110,933,695.00           -81,399,219.00         -98,665,017.00          -80,137,758.00
    Different of foreign currency
    120,694.00           -3,696,840.00           5,874,835.00            2,512,432.00
    translation
    Total of owner’s equity belong to
    124,581,543.00            141,962,182.00         142,929,499.00          149,432,915.00
    the parent company
    Minor shareholders’ equity                 -1,365,914.00                                 -1,311,595.00
    Total of owners’ equity                123,215,629.00            141,962,182.00         141,617,904.00          149,432,915.00
    Total of liabilities and owners’
    176,810,278.00            153,228,992.00         195,732,419.00          160,718,101.00
    equity
    4.2 Profit statement of the report period
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.                   July-September 2011 Unit:RMB
    Report period                         Same period of the previous year
    Items
    Consolidated           Parent company           Consolidated         Parent company
    I. Total operating income                   2,463,266.00             375,543.00            2,240,956.00              389,295.00
    Including:Operating income                 2,463,266.00             375,543.00            2,240,956.00              389,295.00
    Interest income
    Insurance gained
    Commission charge and
    commission income
    II. Total operating cost                    2,759,981.00             661,084.00            2,571,862.00              456,440.00
    including:operating cost                   1,216,540.00              118,588.00            828,142.00               120,033.00
    Interest expense
    Commission charge and
    commission expense
    Cash surrender value
    Net amount of expense of
    compensation
    Net amount of withdrawal of
    insurance contract reserve
    Bonus expense of guarantee slip
    Reinsurance expense
    Operating tax and extras
    Sales expenses                                                                             150,448.00
    Administration expenses                 1,712,590.00            1,103,048.00           1,819,441.00            1,001,525.00
    Financial expenses                   -881,765.00           -1,273,168.00            -226,169.00             -665,118.00
    Losses of devaluation of assets              712,616.00             712,616.00
    Add:changing income of fair
    -14,116.00             -14,116.00              13,640.00
    value
    Investment income                         -3,750,137.00                -136.00           1,248,941.00               45,965.00
    Including:Investment income on
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    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    affiliated company and joint
    venture
    Exchange income
    III.Operating profit                         -4,060,968.00              -299,793.00               931,675.00               -21,180.00
    Add:non-operating income                           -81.00                                           190.00                     190.00
    less:non-operating expense                         -14.00                    -6.00                  791.00                      -1.00
    Including:disposal loss of
    non-current assets
    IV. Total profit                             -4,061,035.00              -299,787.00               931,074.00               -20,989.00
    Less:expense of income tax
    V. Net profit                                -4,061,035.00              -299,787.00               931,074.00               -20,989.00
    Net profit attributable to
    -4,036,157.00              -299,787.00               962,978.00               -20,989.00
    owner’s equity of parent company
    Minority shareholders’ gains
    -24,878.00                                         -31,904.00
    and losses
    VI. Earnings per share
    (i)basic earnings per share                         -0.02                                                 0.01
    (ii)Diluted earnings per share                      -0.02                                                 0.01
    VII. Other composite income                  -2,727,468.00            -2,834,412.00             -1,320,527.00           -1,443,228.00
    VIII. Total composite income                 -6,788,503.00            -3,134,199.00              -389,453.00            -1,464,217.00
    Total comprehensive income
    attributable to owners of parent             -6,788,503.00            -3,134,199.00              -389,453.00            -1,464,217.00
    Company
    Total comprehensive income
    attributable to minority
    shareholders
    The merging party realized net profit of RMB 0.00 before consolidation under same control in this period.
    4.3 Profit statement from Year-begin to period-end
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.                       January-September 2011          Unit:RMB
    Report period                            Same period of the previous year
    Items
    Consolidated            Parent company              Consolidated             Parent company
    I. Total operating income                     7,992,076.00             1,100,856.00             7,521,544.00               916,884.00
    Including:Operating income                   7,992,076.00             1,100,856.00             7,521,544.00               916,884.00
    Interest income
    Insurance gained
    Commission charge and
    commission income
    II. Total operating cost                      9,773,796.00             2,313,081.00             9,249,256.00             1,491,258.00
    including:operating cost                     3,547,980.00               358,137.00             3,188,566.00              -172,062.00
    Interest expense
    Commission charge and
    commission expense
    Cash surrender value
    Net amount of expense of
    compensation
    Net amount of withdrawal of
    insurance contract reserve
    Bonus expense of guarantee slip
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    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    Reinsurance expense
    Operating tax and extras
    Sales expenses                                                                                  527,740.00
    Administration expenses                  6,028,863.00            3,805,251.00               6,116,880.00            3,707,223.00
    Financial expenses                    -515,663.00           -2,562,923.00               -583,930.00            -2,043,903.00
    Losses of devaluation of assets               712,616.00              712,616.00
    Add:changing income of fair
    -62,718.00               -62,718.00                 -4,046.00
    value
    Investment income                        -10,484,864.00               14,005.00              8,028,643.00               152,808.00
    Including:Investment income on
    affiliated company and joint
    venture
    Exchange income
    III.Operating profit                       -12,329,302.00           -1,260,938.00              6,296,885.00              -421,566.00
    Add:non-operating income                       8,332.00                                            190.00                     190.00
    less:non-operating expense                     1,503.00                  523.00                   1,050.00                    198.00
    Including:disposal loss of
    non-current assets
    IV. Total profit                           -12,322,473.00           -1,261,461.00              6,296,025.00              -421,574.00
    Less:expense of income tax
    V. Net profit                              -12,322,473.00           -1,261,461.00              6,296,025.00              -421,574.00
    Net profit attributable to
    -12,268,678.00           -1,261,461.00              6,375,682.00              -421,574.00
    owner’s equity of parent company
    Minority shareholders’ gains
    -53,795.00                                         -79,657.00
    and losses
    VI. Earnings per share
    (i)basic earnings per share                        -0.07                                              0.04
    (ii)Diluted earnings per share                     -0.07                                              0.04
    VII. Other composite income                 -6,115,769.00           -6,209,272.00              -3,356,229.00           -2,899,475.00
    VIII. Total composite income               -18,438,242.00           -7,470,733.00              2,939,796.00            -3,321,049.00
    Total comprehensive income
    attributable to owners of parent           -18,438,242.00           -7,470,733.00              2,927,399.00            -3,321,049.00
    Company
    Total comprehensive income
    attributable to minority                                                                          12,397.00
    shareholders
    The merging party realized net profit of RMB 0.00 before consolidation under same control that occurred from year-begin to end of
    this period.
    4.4 Cash flow statement from Year-begin to period-end
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.                     January-September 2011        Unit:RMB
    Report period                             Same period of the previous year
    Items
    Consolidated            Parent company             Consolidated           Parent company
    I. Cash flows from operating
    activities
    Cash received from sales of
    8,340,213.00            1,327,674.00              8,673,135.00             3,006,903.00
    goods or rending of services
    Net increase of customer
    deposits and capital kept for
    10
    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    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 trade
    387,311.00          387,311.00
    financial asset disposal
    Cash received as interest,
    processing fee and
    commission
    Net increase of inter-bank
    fund received
    Net increase of repurchasing
    business
    Tax returned                                                             186,324.00          105,246.00
    Other cash received from
    650,651.00         1,068,588.00         1,367,117.00          873,610.00
    business operation
    Sub-total of cash inflow      8,990,864.00        2,396,262.00        10,613,887.00         4,373,070.00
    Cash paid for purchasing
    735,503.00           735,503.00         2,478,077.00         1,478,077.00
    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
    2,310,675.00        1,385,647.00         2,382,223.00         1,388,134.00
    for staffs
    Taxes paid                  1,378,168.00          617,434.00         1,473,844.00          640,531.00
    Other cash paid for business
    2,323,284.00        1,146,480.00         3,708,368.00         1,506,483.00
    activities
    Sub-total of cash outflow
    6,747,630.00        3,885,064.00        10,042,512.00         5,013,225.00
    from business activities
    Cash flow generated by
    2,243,234.00        -1,488,802.00          571,375.00         -640,155.00
    business operation, net
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    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    II. Cash flow generated by
    investing
    Cash received from
    investment retrieving
    Cash received as investment
    3,348.00
    gains
    Net cash retrieved from
    disposal of fixed assets,
    10,000.00            10,000.00             9,739.00            9,739.00
    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
    10,000.00            10,000.00            13,087.00            9,739.00
    to investment activities
    Cash paid for construction
    of fixed assets, intangible
    111,101.00                                125,438.00
    assets 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
    111,101.00                                125,438.00
    due to investment activities
    Net cash flow generated by
    -101,101.00           10,000.00          -112,351.00            9,739.00
    investment
    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                                                   3,000,000.00
    Cash paid as dividend,
    profit, or interests
    12
    深圳中冠纺织印染股份有限公司 2011 年第三季度季度报告全文
    Incl: Dividend and profit
    paid by subsidiaries to minor
    shareholders
    Other cash paid for
    financing activities
    Sub-total of cash outflow
    3,000,000.00
    due to financing activities
    Net cash flow generated by
    -3,000,000.00
    financing
    IV.Influence of exchange rate
    alternation on cash and cash       -1,265,877.00          -12,925.00          -609,156.00           -64,416.00
    equivalents
    V.Net increase of cash and
    876,256.00         -1,491,727.00       -3,150,132.00          -694,832.00
    cash equivalents
    Add: balance of cash and
    cash equivalents at the            51,786,613.00       23,577,186.00        56,105,626.00        24,960,502.00
    beginning of term
    VI. Balance of cash and cash
    52,662,869.00       22,085,459.00        52,955,494.00        24,265,670.00
    equivalents at the end of term
    4.5 Auditor’s report
    Auditor’s opinions: Not audited
    The Board of Directors of Shenzhen Victor Onward Textile Industrial Co., Ltd.
    October 28, 2011
    13