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ST中冠B:2012年第一季度报告全文(英文版)

公告日期:2012-04-24

    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    Shenzhen Victor Onward Textile Industrial Co., Ltd.
    The First Quarterly Report 2012
    §1 Important Notice
    1.1 The Board of Directors 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.
    1.2 The financial report of the Company in this quarterly Report period has not been 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
    At the period-end of last
    At the period-end of this                                  Increase /decrease(%)
    year
    Total assets(RMB)                                172,828,660.00                172,238,794.00                     0.34%
    Owner’s equity attributable to the shareholders of
    118,804,462.00                119,047,096.00                     -0.20%
    the listed company (RMB)
    Stock capital(Shares)                              169,142,356.00                169,142,356.00                     0.00%
    Net assets per share attributable to the
    shareholders of the listed company                                    0.70                          0.70                    0.00%
    (RMB/shares)
    Amount of the same period
    Amount of current period                               Increase /decrease(%)
    in last year
    Total turnover(RMB)                                    2,500,956.00                  3,169,625.00                   -21.10%
    Net profit attributable to owners of parent
    -233,111.00                 -4,143,863.00                  -94.37%
    company(RMB)
    Net cash flow arising from operating
    571,809.00                    671,682.00                   -14.87%
    activities(RMB)
    Net cash flow per share arising from
    0.00                          0.00                    0.00%
    operating activities(RMB/share)
    1
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    Basic earnings per share(RMB/share)                                      0.00                          -0.02                 -100.00%
    Diluted earnings per share(RMB/share)                                     0.00                          -0.02                 -100.00%
    Weighted average return on equity(%)                                   -0.20%                         -2.94%                       2.74%
    Weighted average return on equity after
    -0.21%                         -2.95%                       2.74%
    deducting non-recurring gains and losses(%)
    Items of non-current gains and losses
    √ applicable □ not applicable
    Unit:RMB
    Amount (Year-beginning to the
    Non-recurring gain and loss items                                                              Notes(If applicable)
    end of the report period.)
    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
    9,322.00
    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 above
    5,174.00
    items
    Total                                                              14,496.00               -
    2.2 Top 10 shareholders and top 10 holders of unconditional shares
    Unit:Shares
    Total number of shareholders at the end of report
    11,638
    period
    Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
    Amount of tradable shares with
    Full name of shareholder                unrestricted conditions held at the end of                Type of shares
    report period
    Union Holdings Co., Ltd.                                                           43,141,032 RMB common shares
    Foreign shares placed in domestic
    STYLE-SUCCESS LIMITED                                                              24,466,029
    exchange
    Shenzhen Textile (Group)Holdings Ltd                                                9,243,394 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
    Liuzhou Jiali Real estate Development Co., ltd.                                     3,797,100 RMB common shares
    Liuzhou Ruiheng Mechatronics Co., Ltd.                                              1,583,200 RMB common shares
    Foreign shares placed in domestic
    Shing Ying Chieh                                                                    1,550,362
    exchange
    Wang Zhifeng                                                                          977,000 RMB common shares
    Foreign shares placed in domestic
    KGI ASIA LIMITED                                                                      901,709
    exchange
    2
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    §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                      March 31,2012             December 31, 2011         Amount of increased /        Proportion increased
    Prepayments              45,964                      27,548                      18,416                         66.85%
    Interest receivable           0                       38,378                       -38,378                       -100.00%
    Other receivable           364,041                     457,264                      93,223                         -20.39%
    Other current liability   2,233,980                  1,584,784                        649,196                     40.96%
    ⑴Prepayments increased by RMB 184.16 million and 66.85% mainly due to the increase in amortization of costs paid in advance;
    ⑵Interest receivable decreased by RMB 383.78 million mainly due to the final without accrued interest;
    ⑶Other receivable decreased by RMB 932.23 million mainly due to the recovery part of the debt;
    ⑷Other current liability Increased by RMB649,196 mainly due to accrued interest on a loan.
    2.Analysis of the reason for big change of the items of profit statement as of the end of the report period.
    In the period from January 2012 to March 2012,the company earned operating income of RMB 2.50 million on accumulative basis,
    which decreased by RMB0.66 million and 21.09% year on year. Net profit is RMB- 0.23 million. compare to the data last year same
    period, which loss decreased by RMB 3.92 million.
    ⑴Analysis of reason for decrease of operating income:
    It was affected by continuous production suspense and rectification.
    ⑵The main reason for decreased of amount of loss:
    Due to Equity method accounted for earnings losses of the investment enterprises
    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          571,809              671,682                       -99,873                  -14.87%
    Net cash flows from
    investing activities         4,819               -32,981                       37,800                    -114.61%
    Net cash flows from
    financing activities            0                       0                           0                       0
    The influence of change
    in exchange rate               -2,933            -293,053                          290,120                -99.00%
    Net increase of cash and
    cash equivalents               573,695             345,648                         228,047                 65.98%
    ⑴At the end of the report period,   Net cash flows from operating activities decreased by RMB 998.73 million
    year on year;
    ⑵At the end of the report period, Net cash flows from investing activities increased by RMB 378 million 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 increased by RMB 290,120
    year on year;
    ⑸At the end of the report period, net increase in cash and cash equivalents increased by RMB228,047 year on year.
    3
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
    3.2.1 Non-standard Opinion
    √ applicable □ not applicable
    I. The special statement of the board of directors of the Company on the matters involved in the Unqualified Auditor's Report for 2011
    with Highlighted Paragraphs
    (I) Basic information
    Shine Wing Certified Public Accountants issued unqualified auditor's report with paragraph of emphasized matters for the
    Company's financial statements for 2011 Basic information of emphasized matters: Since March 2007, Shenzhen Victor Onward
    Textile Industrial Co., Ltd. stopped production and dismissed most of workers. And most subsidiaries of the company had stopped
    production and it maintained daily operation by house leasing. Shenzhen Victor Onward Textile Industrial Co., Ltd. had disclosed its
    improvement measures in Note 13 of Financial Statement, but its sustainable operation ability is still uncertain. This paragraph does
    not affect audit opinions that have been given.
    (II) Basic opinions of certified public accountants on such matter:
    Shine Wing Certified Public Accountants accepted entrustment, completed the audit of the financial statements of the Company for
    2011 and issued unqualified auditor's report with paragraph of emphasized matters for the Company's financial statements for 2011. In
    accordance with No. 14 Rule for Preparation and Report of Information Disclosure by Companies Publicly Issuing Securities -
    Non-standard Unqualified Audit Opinions and Treatment of Matters Involved Therein, relevant notes are as follows:
    As noticed by Shine Wing Certified Public Accountants during audit, Since March 2007, Shenzhen Victor Onward
    Textile Industrial Co., Ltd. stopped production and dismissed most of workers. The company currently only had
    house leasing business.
    Except that Shenzhen East Asia Victor Onward Textile Printing and Dyeing Co., Ltd. is still operating
    normally, other 5 subsidiaries controlled by the Company have stopped operation or are maintaining
    daily operation by house property lease. It plans to invest in Nanjing East Asia Textile Printing and
    Dyeing Co., Ltd. with part of machinery and equipment in 2007, Due to the reason on the side of the
    other party of joint venture and change of industry prospect. we believe that the sustainable operation
    ability of Shenzhen Victor Onward Textile Industrial Co., Ltd. is still uncertain, so I emphasized the
    situation in the audit reports and issued unqualified auditor's report with paragraph of emphasized
    matters. The matters involved in highlighted statement did not apparently violate Accounting
    Standards for Business Enterprises and regulations on relevant information disclosure
    standardization.
    This special statement is issued by us according to relevant regulations of CSRC and shall not be used for other purpose. We and
    the C.P.A. who performed this service shall not bear any liability for the consequences caused by its improper use.
    (III) The opinions of the board of directors, supervisory committee and management of the Company
    on this matter:
    The board of directors, Supervisory Committee and managers believed that the printing and dyeing
    plant of the company had stopped operation or maintained daily operation by house leasing. The
    company was about to invest Nanjing East Asia Textile Printing & Dyeing Co., Ltd., but the
    infrastructure projects was delayed.
    (IV) Extent of influence of this matter on the Company:
    This event greatly impacted the production & operation activities and sustainable development of
    company, it made company had the situation of implementing other special treatment which was
    4
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    stipulated in Shenzhen Stock Exchange Listing Rules , the stock of our company had been
    implemented for other special treatment.
    (V) The possibility of eliminating this matter and its influence:
    Though the transfer of printing and dyeing business has been somewhat delayed, The board of
    directors of company is positively studying the future development of company to enhance company's
    sustainable operating ability.
    (VI) The concrete measures of eliminating this matter and its influence
    Company is communicating with joint venture partner and trying to minimize the losses and settle
    this joint venture project issue properly.
    II. The special statement of the Supervisory Committee of the Company on the matters involved in the Unqualified Auditor's Report
    for 2011 with Highlighted Paragraphs
    Shine Wing Certified Public Accountants issued unqualified auditor's report with highlighted paragraphs for the financial statements of
    Shenzhen Victor Onward Textile Industrial Co., Ltd. for 2011. Therefore, the board of directors of the Company made a special
    statement on the matters involved in the Unqualified Auditor's Report of the Company for 2011 with Highlighted Paragraphs. The
    supervisory committee of the Company held the opinion that this statement matched its actual conditions and agreed to opinions of the
    board of directors of the Company.
    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
    √applicable □not applicable
    (I)Since March 2007, Shenzhen Victor Onward Textile Industrial Co., Ltd. stopped production and
    dismissed most of workers. The company currently only had some house leasing business.
    5 subsidiaries controlled by the company had stopped the operation and were depending on house
    lease to maintain. In 2007 the company intended to invest part of machineries and equipments to
    Nanjing East Asia Textile Printing & Dyeing Co., Ltd. But due to the reasons of the joint venture party
    and the prospect change in the industry, the investment plan was delayed.
    The Company is communicating with joint venture partner and trying to minimize the losses and settle this joint venture project issue
    properly.
    (II) Progress of Work of Internal Control for First Quarter of the Company in 2012
    1. Accomplishment of the Annual Internal Control Self-Evaluation in 2011
    According to the “Internal Control Guideline in Listed Company”, “Fundamental Norms for Enterprise Internal Control” and the
    requirement of relevant laws, regulations, rules and regulations, the company has, combining with the “Internal Control System” and
    other relevant systems, implemented the annual self-evaluation for the effectiveness of internal control in 2011. This internal control
    self-evaluation covers the main business and issues of the company, and the conclusion of the report is: the company has established a
    relatively perfect internal control system for all the key levels including the internal decision-making, operation management, audit and
    supervision, and formed a set of integrated and effective internal system after conducting the adjustment and improvement as per the
    relevant laws and regulations and the actual development of the company and the relevant system design is reasonable compliance
    5
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    which is implemented well in the practical work. Overall, the construction and implementation of annual internal control in 2011 are
    good, and there are no major errors.
    2. Definition of Organization, Work Plan and Implementation Program for the Annual Internal Control Norms in 2012
    The company has set up the internal control work group based on Director as the head who leads personally, and the Director’s
    secretary, Finance manager and Securities representative as the members, who fully and mainly grasps the improvement work of
    internal control construction of the company, is in charge of the coordination, support and implementation of the internal control
    construction and self-evaluation work, and concerns about the continuous improvement of internal control. As per the relevant
    requirement of the securities regulatory department, the company has combined with the actual situation and formulated
    “Implementation Program of Internal Control Norms for Shenzhen Victor Onward Textile Industrial Co., Ltd.”, which has been carried
    out after examined and approved by the Board of Directors and the Board of Supervisors.
    3. Constantly Commissioning and Collecting Opinions as per the Manual of Internal Control
    At present, the company has completed the internal control construction basically, and the documents related to the internal control
    system are being sped up to prepare and compile, the first draft of the company’s “Internal Control Manual” is being examined and
    approved, commission simultaneously, and the company extensively collects the views and suggestions of leaders and all the
    departments for the “Internal Control Manual”. Also, the company will conduct the amendment timely and the improvement
    continuously in accordance with the actual effects and feedback for the commission operation.
    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                      -600.00 --           -400.00                    -823.00 Decrease         -27.09% --        -51.39%
    profit(RMB’0000)
    Basic earnings per shares
    -0.04 --          -0.02                      -0.05 Decrease         -20.00% --        -60.00%
    (Yuan/share)
    Due to the effect of the printing and dyeing industry not yet recovery , accounted for earnings losses,
    Notes to forenotice of earnings the accumulative net profit for the period from January 2012 to June 2012 is estimated to be about
    RMB- 6 million to RMB -4 million.
    3.5 Major events needs to be explained
    3.5.1 Investment in securities
    √applicable   □not applicable
    Unit:RMB
    Percentage of
    Initial                                   total
    Holding    Book values at                 Profit and loss
    Stock      investment                             investment in
    No       Stock type        Stock code                               quantity(Shar the end of                   during the report
    abbreviation amount(Yuan                              this stock at
    e)      period(RMB)                    period(RMB)
    )                                   the end or
    period(%)
    1   Stock                601558          Winovel Wind       31,000.00             2,000     30,520.00        45.34%            -480.00
    2   Stock                002563          Semir Garment      37,900.00             1,000     36,790.00        54.66%           -1,110.00
    Other securities investment held at the end of the period              0.00      -                  0.00         0.00%               0.00
    6
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    Gain and loss from investment in securities already sold
    -             -                 -               -                9,322.00
    in the report period
    Total                           68,900.00       -              67,310.00              100%         7,732.00
    Explanation Investment in securities :
    .
    3.5.2 Reception of investigations , communications , or interviews
    Discussion issue and offered
    Reception               Place             Mode               Type               Object
    information
    Office of board                                                                  Get a idea of whether the
    Individual
    January 3, 2012       secretary of the     Telephone         Individual                                company's main business has
    shareholder
    Company                                                                          recovered.
    Office of board
    Individual               Inquiry about the Company’s
    February 21,2012 secretary of the          Telephone         Individual
    shareholder              operating status
    Company
    Inquiry about the
    Office of board                                                                       Company's whether the
    Individual
    February 23,2012 secretary of the          Telephone         Individual
    shareholder              Company has any plan
    Company
    for reorganization
    Office of board                                                                  Get a idea of whether the
    Individual
    March 20,2012         secretary of the     Telephone         Individual                                company's management has
    shareholder
    Company                                                                          changed
    3.6 Derivative Investment
    □applicable √ not applicable
    3.6.1 Particulars about derivatives investment held at the end of report period
    □applicable √ not applicable
    §4 Appendix
    4.1 Balance sheet
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.                            March 31, 2012 Unit:RMB
    元
    Year-end balance
    Year-beginning balance
    Items
    Consolidated        Parent company             Consolidated               Parent company
    Current asset:
    Monetary fund                           53,973,011.00           20,726,425.00                 53,399,316.00          21,483,163.00
    Settlement provision
    Outgoing call loan
    Trading financial assets                         67,310.00                67,310.00                   68,900.00                68,900.00
    Bill receivable
    Account receivable                              723,417.00                                           744,712.00
    7
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    Prepayments                         45,964.00                                27,548.00
    Insurance receivable
    Reinsurance receivable
    Provisions of Reinsurance
    contracts receivable
    Interest receivable                                                        38,378.00
    Dividend receivable
    Other account receivable        364,041.00        72,996,170.00           457,264.00        72,999,033.00
    Repurchasing of financial
    assets
    Inventories                     162,457.00           162,457.00           162,457.00          162,457.00
    Non-current asset due in 1
    year
    Other current asset
    Total of current assets         55,336,200.00       93,952,362.00        54,898,575.00        94,713,553.00
    Non-current assets:
    Loans and payment on
    other’s behalf disbursed
    Disposable financial asset      713,701.00                                703,055.00
    Expired investment in
    possess
    Long-term receivable
    Long term share equity
    64,196,444.00       36,788,953.00        63,192,614.00        36,788,953.00
    investment
    Property investment           33,522,224.00        5,313,628.00        34,373,451.00         5,397,921.00
    Fixed assets                  12,069,474.00        9,145,661.00        12,070,406.00         9,170,487.00
    Construction in progress
    Engineering material
    Fixed asset disposal
    Production physical assets
    Gas & petrol
    Intangible assets              1,890,993.00        1,890,993.00         1,901,069.00         1,901,069.00
    R & D petrol
    Goodwill                       5,099,624.00                             5,099,624.00
    Long-germ expenses to be
    amortized
    Differed income tax asset
    Other non-current asset
    Total of non-current assets    117,492,460.00       53,139,235.00       117,340,219.00        53,258,430.00
    Total of assets                172,828,660.00      147,091,597.00       172,238,794.00       147,971,983.00
    Current liabilities
    Short-term loans
    Loan from Central Bank
    Deposit received and hold
    8
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    for others
    Call loan received
    Trade off financial
    liabilities
    Bill payable
    Account payable                  3,239,077.00          113,337.00         3,239,221.00           113,337.00
    Advance account received        2,775,470.00        1,999,540.00         2,775,476.00         1,999,540.00
    Selling of repurchased
    financial assets
    Fees and commissions
    receivable
    Employees’ wage payable         563,802.00           533,092.00           590,220.00          559,510.00
    Tax payable                     2,972,790.00        1,693,769.00         2,700,348.00         1,617,284.00
    Interest payable
    Dividend payable                1,215,946.00                             1,215,946.00
    Other account payable          31,137,536.00          862,094.00        31,167,220.00          855,475.00
    Reinsurance fee payable
    Insurance contract
    provision
    Entrusted trading of
    securities
    Entrusted selling of
    securities
    Non-current liability due in
    1 year
    Other current liability         2,233,980.00        1,664,249.00         1,584,784.00         1,544,249.00
    Total of current liability       44,138,601.00        6,866,081.00        43,273,215.00         6,689,395.00
    Non-current liabilities:
    Long-term loan                  1,128,428.00                             1,160,011.00
    Bond payable
    Long-term payable               8,485,812.00                             8,486,859.00
    Special payable
    Expected liabilities
    Differed income tax liability      808,235.00         4,180,138.00           808,335.00         4,180,138.00
    Other non-current
    836,792.00           836,792.00           836,792.00          836,792.00
    liabilities
    Total of non-current
    11,259,267.00        5,016,930.00        11,291,997.00         5,016,930.00
    liabilities
    Total of liability               55,397,868.00        11,883,011.00       54,565,212.00        11,706,325.00
    Owners’ equity
    Share capital                   169,142,356.00      169,142,356.00       169,142,356.00       169,142,356.00
    Capital reserves                 39,753,205.00       31,606,598.00        39,742,473.00        31,606,598.00
    Less:Shares in stock
    Special Reserve
    9
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    Surplus reserves                       26,704,791.00            26,309,287.00       26,704,791.00            26,309,287.00
    Common risk provision
    Undistributed profit               -116,259,722.00          -87,453,690.00      -116,026,610.00          -86,396,616.00
    Different of foreign currency
    -536,168.00            -4,395,965.00         -515,914.00            -4,395,967.00
    translation
    Total of owner’s equity belong to
    118,804,462.00           135,208,586.00      119,047,096.00           136,265,658.00
    the parent company
    Minor shareholders’ equity               -1,373,670.00                                -1,373,514.00
    Total of owners’ equity                117,430,792.00           135,208,586.00      117,673,582.00           136,265,658.00
    Total of liabilities and owners’
    172,828,660.00           147,091,597.00      172,238,794.00           147,971,983.00
    equity
    4.2 Profit statement
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.                  January-March 2012 Unit:RMB
    Report period                       Same period of the previous year
    Items
    Consolidated         Parent company          Consolidated         Parent company
    I.Total operating income                  2,500,956.00              379,157.00         3,169,625.00               375,059.00
    Including:Operating income               2,500,956.00              379,157.00         3,169,625.00               375,059.00
    Interest income
    Insurance gained
    Commission charge and
    commission income
    II.Total operating cost                   3,754,060.00             1,449,137.00        3,213,682.00               687,986.00
    Including:Operating cost                 1,087,742.00               119,502.00        1,761,091.00               120,656.00
    Interest expense
    Commission chare 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               93,516.00
    Sales expenses                       75,074.00
    Administration
    2,100,061.00             1,385,961.00        1,695,091.00             1,285,098.00
    expenses
    Financial expenses                    397,667.00               -56,326.00         -242,500.00              -717,768.00
    Losses of devaluation of assets
    Add :Changing income of fair
    -1,590.00               -1,590.00
    value
    Investment income                   1,016,409.00                 9,322.00        -4,121,163.00               14,230.00
    Including:Investment income
    on affiliate company and joint
    venture
    10
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    Exchange income
    III. Operating profit                          -238,285.00            -1,062,248.00            -4,165,220.00             -298,697.00
    Add :Non-operating income                      5,174.00                 5,174.00                 8,466.00
    Less:Non-operating expense
    Including :Disposal loss of
    non-current assets
    IV. Total profit                               -233,111.00            -1,057,074.00            -4,156,754.00             -298,697.00
    Less:Income tax
    V. Net profit                                  -233,111.00            -1,057,074.00            -4,156,754.00             -298,697.00
    Net profit attributable to
    -233,111.00            -1,057,074.00            -4,143,863.00             -298,697.00
    owner’s equity of parent company
    Minority shareholders’ gains and
    -12,891.00
    losses
    VI. Earnings per share
    (i)Basic earnings per share                       0.00                                             -0.02
    (ii)Diluted earnings per share                    0.00                                             -0.02
    VII. Other comprehensive income                  -9,522.00                     0.00                        0.00                  0.00
    VIII. Total comprehensive income               -242,633.00            -1,057,074.00            -4,156,754.00             -298,697.00
    Total comprehensive income
    attributable to the owner of the               -242,477.00            -1,057,074.00            -4,156,754.00             -298,697.00
    parent company
    Total comprehensive income
    -156.00                     0.00                        0.00                  0.00
    attributable minority shareholders
    For the enterprises under the same control consolidated in the report period, the net profit realized by the consolidate before the
    consolidation is RMB 0.00.
    4.3 Cash flow statement
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.                      January-March 2012          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
    2,529,969.00              399,989.00              2,594,850.00              375,059.00
    goods or rending of services
    Net increase of customer
    deposits and capital kept for
    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
    11
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    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
    Other cash received from
    394,139.00           125,861.00           293,149.00          395,788.00
    business operation
    Sub-total of cash inflow    2,924,108.00          525,850.00         2,887,999.00          770,847.00
    Cash paid for purchasing
    226,666.00          226,666.00
    of merchandise and services
    Net increase of client trade
    and advance
    Net increase of savings
    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
    841,173.00           542,332.00           786,000.00          447,063.00
    paid for staffs
    Taxes paid                      355,549.00           155,094.00           330,068.00          161,475.00
    Other cash paid for
    1,155,577.00          624,484.00           873,583.00          373,982.00
    business activities
    Sub-total of cash
    outflow from business           2,352,299.00        1,321,910.00         2,216,317.00         1,209,186.00
    activities
    Cash flow generated by
    571,809.00          -796,060.00           671,682.00         -438,339.00
    business operation, net
    II.Cash flow generated by
    investing
    Cash received from
    investment retrieving
    Cash received as
    9,322.00             9,322.00
    investment gains
    Net cash retrieved from
    disposal of fixed assets,
    30,000.00            30,000.00
    intangible assets, and other
    long-term assets
    Net cash received from
    disposal of subsidiaries or
    other operational units
    12
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    Other investment-related
    cash received
    Sub-total of cash inflow
    39,322.00           39,322.00
    due to investment activities
    Cash paid for construction of
    fixed assets, intangible assets   34,503.00                                32,981.00
    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 due to investment         34,503.00                                32,981.00
    activities
    Net cash flow generated
    4,819.00           39,322.00           -32,981.00
    by 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
    Cash paid as dividend,
    profit, or interests
    Incl: Dividend and profit
    paid by subsidiaries to minor
    shareholders
    Other cash paid for
    financing activities
    Sub-total of cash outflow
    due to financing activities
    Net cash flow generated by
    financing
    IV.Influence of exchange rate
    alternation on cash and cash      -2,933.00                              -293,053.00            -1,133.00
    equivalents
    13
    深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
    V.Net increase of cash and
    573,695.00          -756,738.00           345,648.00          -439,472.00
    cash equivalents
    Add: balance of cash and
    cash equivalents at the            53,399,316.00       21,483,163.00        51,786,613.00        23,577,186.00
    beginning of term
    VI .Balance of cash and cash
    53,973,011.00       20,726,425.00        52,132,261.00        23,137,714.00
    equivalents at the end of term
    4.4 Auditor’ report
    Auditor’s opinions: Not audited
    14