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神州长城(000018)公告正文

ST中冠B:2012年第三季度报告全文(英文版)

公告日期:2012-10-29

                                                                      深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
                   Shenzhen Victor Onward Textile Industrial Co., Ltd.
                                Quarterly Report for the Third Quarter of 2012§1 Important notesThe 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 severalliability for the authenticity, accuracy and completeness of the contents hereof.
    All of the directors presented the board meeting at which this Quarterly Report was examined.Mr. Hu Yongfeng, Person in charge of the Company, Mr.Zhang Jinliang , Person in charge of accounting works,Mr. Ren Changzheng ,CFO as well as person in charge of accounting institution represent and warrant thefinancial and accounting report in the Third report is true and complete.
    II.   Basic Information of the Company1.Main accounting data and indicesIf retrospective adjustment has been carried our on financial reports of previous periods.□ Yes √ No □ Not applicable
                                           2012.9.30                        2011.12.31              Increase /decrease(%)
    Total assets(RMB)                         169,530,701.00                   172,238,794.00                               -1.57%Owner’s equity attributable to
    the shareholders of the listed                   112,770,792.00                  119,047,096.00                               -5.27%
    company (RMB)
    Stock capital(Shares)                      169,142,356.00                   169,142,356.00                                   0%
    Net assets per share
      attributable to the
                                                               0.67                         0.7                               -4.29%
    shareholders of the listed
    company(RMB/shares)
                                                          Increase/decrease in the                           Increase/decrease in the
                                                          report period compared     January-September       report period compared
                                  July-September 2012
                                                          with the same period of           2012             with the same period of
                                                              the last year(%)                                   the last year(%)
    Total turnover(RMB)                     2,254,074.00                     -8.49%           7,273,861.00                      -8.99%Net profit attributable to
    shareholders of the listed                -1,963,118.00                   -51.36%          -6,150,254.00                     -49.87%
    company(RMB)
    Net cash flow arising
    from operating activities --                             --                                 788,412.00                      -64.85%
        (RMB)Net cash flow per share
    arising from operating --                               --                                             0                   -64.85%activities(yuan/shares)Basic earnings per share
                                                  -0.01                      -50%                  -0.04                     -42.86%
    (yuan/shares)
                                                                           深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
    Diluted earnings per
                                                      -0.01                       -50%              -0.04             -42.86%
    share(yuan/shares)Weighted average return
                                                    -1.72%                       1.35%             -5.3%                4.01%
    on equity(%)Weighted average Return
    on net assets after
                                                    -1.68%                        1.4%            -2.75%                6.57%deducting non-recurringgains and losses(%)Items and amount of non-current gains and losses deducted√ applicable □ not applicable
                                                                      Amount from the
                                                                     beginning of year to
                             Items                                                                     Remarks
                                                                   the end of report period
                                                                         (RMB)
    Gain/loss form disposal of non-current assets                                     5,174.00Tax refund, deduction and exemption that is examined andapproved by authority exceeding or has no official approvaldocument.Governmental Subsidy accounted as current gain/loss,except for those subsidies at with amount or quantity fixedby the national government and closely related to theCompany’s business operation.Capital adoption fee collected from non-financialorganizations and accounted into current gain/lossGain/loss from differences between the cost of enterprisemerger and the fair value of recognizable net asset of theinvested entitiesGain/loss from non-monetary assetsGain/loss from commissioned investment or assetsAsser impairment provisions provided for force-majeurGain/loss from debt reorganizationEnterprise reorganizing expenses, such as employeeplacement fee and integration feeGain/loss from trade departing from fair valueCurrent net gain/loss of subsidiaries under same controlfrom beginning of term till date of consolidationGain/loss generated by contingent liabilities withoutconnection with main businessesIn addition to normal business with the company effectivehedging related business, holders of tradable financialassets, transactions and financial liabilities arising from
    changes in fair value gains and losses, as well as the                           11,022.00disposal of trading of financial assets, trading financialliabilities and available-for-sale financial assets gains returnon investment;Restoring of receivable account impairment provision testedindividuallyGain/loss from commissioned loansGain/loss from change of fair value of investment propertymeasured at fair value in follow-up measurementInfluence of one-time adjustment made on current gain/lossaccount according to the laws and regulations regarding tax
                                                                        深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文and accountingConsigning fee received for cosigned operation
    Net amount of non-operating income and expense except                                    Main part is the Nanjing project litigation
                                                                         -2,982,915.00
    the aforesaid items                                                                      attorney's feesOther gain/loss items satisfying the definition ofnon-recurring gain/loss accountInfluenced amount of minority shareholders’ equityAmount of influence of income tax
    Total                                                                    -2,966,719.00                         --The information of main accounting data and main financial indices of the company by the end of reportperiod..(Filling the adjustment explanation if retroactive adjusted)
             Items                   Amount(RMB)                                              RemarksII. Total number of shareholders and top 10 holders of shareholders at the end of report periodTotal number of shareholders at
                                                                                                                                 11,232the end of report period
                  Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
                                   Amount of tradable shares with                            Type and amount
    Full name of shareholder        unrestricted conditions held at
                                      the end of report period                    Type                              Amount
         Union Holding Co., Ltd.                       43,141,032 RMB Common shares                                          43,141,032
                                                                     Foreign shares placed in
    STYLE-SUCCESS LIMITED                                24,466,029                                                            24,466,029
                                                                     domestic exchange
               Shenzhen Textile
                                                        9,233,394 RMB Common shares                                           9,233,394
        (Group)Holdings Co., Ltd
    Rich Crown Investment Co.,                                        Foreign shares placed in
                                                         6,114,556                                                            6,114,556
                         Ltd.                                        domestic exchangeUnion Development Group Co.,
                                                        5,821,089 RMB Common shares                                           5,821,089
                        Ltd.Liuzhou Jiali Real Estate
                                                        4,215,937 RMB Common shares                                           4,215,937Development Co., Ltd.
                                                                     Foreign shares placed in
                      Zeng Ying                         2,039,600                                                             2,039,600
                                                                     domestic exchangeLiuzhou Ruiheng Mechanical
                                                        1,710,000 RMB Common shares                                           1,710,000
        & Electrical Co.,Ltd.
                                                                     Foreign shares placed in
               Shing Ying Chieh                         1,550,362                                                             1,550,362
                                                                     domestic exchange
                                                                     Foreign shares placed in
                     Zheng Lian                           950,000                                                               950,000
                                                                     domestic exchangeNotes to the related relationship
    between the shareholders or       The controlling shareholder of the above-mentioned largest shareholder Shenzhen Union Holdings
    their concerted action:           Ltd. and fourth shareholder Rich Crown Investment Co., Ltd.. Is Union Developing Group Ltd.
                                                                      深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文3 Significant Events1 Particular about large-margin change of main accounting statement item and financial index and itsreason.√ Applicable □ Not applicable1.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 30,2012            December 31,2011           Amount of increased /      Proportion increased/
                                                                                Decreased                    Decreased
    Other current liability        4,572,241          1,584,784           2,987,457               188.51%Other current liability increased by RMB2.98 million and 188.51%,mainly due to the Nanjing project litigationattorney's fees 2.4 million2.Analysis of the reason for big change of the items of profit statement as of the report period.In the period from January 2011 to September 2012,the company earned operating income of RMB 7.27 million on accumulativebasis, which Decreased by RMB8.99 million year on year. Net profit attributable to owners’ equity of the Parent companyNet profit is RMB -6.15 million. compare to the data last year same period, which loss decreased by RMB 6.11 million and 49.87%.⑴Analysis of reason for decrease of operating income:Rental income has decreased.⑵The main reason for decreased of amount of loss:Mainly due to drop in revenue from a year earlier 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/ decreasedNet cash flows arising form
    Operating activities                     788,412             2,243,234                   -1,454,822                  -64.85%
    Net cash flows from investing activities -63,534             -101,101                      37,567                    -37.16%
    Net cash flows from financing activities      0                 0                           0                          0.00%The influence of change in exchange rate
    On cash and cash equivalents                222,976        -1,265,877                     1,488,853                  -117.61%
    Net increase of cash and cash equivalents 947,854           876,256                       71,598                      8.17%⑴At the end of the report period, net decrease in Net cash flows arising form Operating activities decreased by RMB 1.45 millionyear on year,Mainly due to the increase of non-recurring charge in this report period;⑵In the report period, Net cash flows from investing activities increased by RMB 30,000 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 ofprevious year;⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents indreased by RMB 1.48million 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 RMB 70,000 year on year.II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposalreason.1. Non-standard Opinion
    √□applicable    not applicableShine Wing Certified Public Accountants issued unqualified auditor's report with paragraph of emphasized matters for the Company'sfinancial statements for 2011 Basic information of emphasized matters: Since March 2007, Shenzhen Victor Onward TextileIndustrial Co., Ltd. stopped production and dismissed most of workers. And most subsidiaries of the company had stopped
                                                                       深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文production and it maintained daily operation by house leasing. But its sustainable operation ability is still uncertain. The board ofdirectors, Supervisory Committee and managers believed that the printing and dyeing plant of the company had stopped operation ormaintained daily operation by house leasing. .It plans to invest in Nanjing East Asia Textile Printing and Dyeing Co., Ltd. with partof machinery and equipment, Due to the reason on the side of the other party of joint venture and change of industry prospect. Thisevent greatly impacted the production & operation activities and sustainable development of company, it made company had thesituation of implementing other special treatment which was stipulated in Shenzhen Stock Exchange Listing Rules , the stock of ourcompany had been implemented for other special treatment. The Company is communicating with joint venture partner and trying tominimize the losses and settle this joint venture project issue properly.2 The Company provided funds to its controlling shareholder or related parties and provided guarantees inviolation of established procedures.□applicable √ not applicable3.Signing and performance of significant contracts for daily operation√applicable □ not applicableOn June 4, 2012, The company has instituted court action against below three companies at Jiangsu ProvinceHigher People's Court, and asked to terminate the contracts and agreements signed with Nanjing East Asia TextilePrinting & Dyeing Co., Ltd., Nanjing East Asia Investment & Development Group Co., Ltd. and Hong KongYaojunxing Co., Ltd., who shall pay RMB47,922,902.92 to the company for the pecuniary loss of implicativecompensation and undertake the costs of litigation. The company has received the Su-Shang-Wai-Chu-Zi No.0002(2012) of “Notice on Indictment Acceptance and Collegial Panel Announcement” issued by Jiangsu ProvinceHigher People's Court on June 14, 2012.The case hasn’t yet been tried, so the impact on the company temporarily can’t be judged. The company willfulfill the obligation of information disclosure in time according to the progress of legal action.The announcement of the resolutions of this meeting was published on Securities Times , Hong Kong CommercialDaily and www.cninfo.com.cn on June 16, 2012.4.Other□applicable √ not applicableIII. Companies or shareholders holding more than 5% equity during the reporting period or the commitmentscontinued to the reporting period.□applicable √ not applicableIV. Prediction of Business performance for 2012.Estimation of accumulative net profit from the beginning of the year to the end of next report period to be lossprobably or the warning of its material change compared with the corresponding period of the last year andexplanation of reason.√applicable □ not applicableForenotice of earnings: Drop considerablyType of date filled for the prediction□ actual figures √ interval figures
                                                                  Same period of
                                  Year beginning to end of next
                                                                   the previous             Increase or decrease(%)
                                          report period
                                                                       year
    Estimatedamount of                       -800 --           -500           -1,736 □ -- □Increase √       -71.2% --        -53.92%
                                                                           深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
    accumulative net profit                                                                 Decrease(RMB’0000)
    Basic earnings per shares                                                               □ -- □Increase √
                                          -0.05 --           -0.03               -0.1                                 -70% --                  -50%
    (RMB/share)                                                                           Decrease
                                 Due to the effect of suspend production for rectification and the loss of real estateNotes to forenctice of earnings projects of Zhejiang Union Hangzhou Bay Ventures Co., Ltd. accounted for on equity
                                 basis.V. Other significant events need to be explained1.Securities investment√applicable □ not applicable
                                                                                                     Percentage of
                                                                  Initial                                 total     Profit and
                                                                                       Book values
                                                 Stock          investment Amount held               investment in loss during
    No       Stock type      Stock code                                                at the end of
                                              abbreviation     amount(Yuan  (shares)                  this stock at the report
                                                                                       period(RMB)
                                                                     )                                 the end or period(RMB)
                                                                                                       period(%)
    1         Stock             601558          Sinovel Wnd              31,000.00               4,000       22,880.00        52.69%         -8,120.00
    2         Stock             002563          Semir Garment            37,900.00               1,000       20,540.00        47.31%       -17,360.00
    Other stock investment held at the end of report term                               --
    Gain/loss of disposed stock investment in the report term            --                --                 --             --            11,022.00
    Total                                                                68,900.00          --               43,420.00 100%                -14,458.00Disclosure Date of Announcement on SecuritiesInvestment Approved by the Board of DirectorsDisclosure Date of Announcement on SecuritiesInvestment Approved by the ShareholdersMeetingStatement on securities investment:2. Derivative Investment□applicable √ not applicable3.Particulars about derivatives investment held at the end of report period□applicable √ not applicable4. The registration form of acceptance of investigation, communication and interview in the report period forfuture reference
                                                                                                                                  Content of
         Date                  Place                 Mode                        Type                       Visitor             discussion and
                                                                                                                               materials provided
                       Office of board                                                                                     Provide suggestions
    July 4, 2012           secretary of the       Telephone                Individual                    Investor              on the company
                       Company                                                                                             operation
                       Office of board                                                                                     Enquiry the
    July 31, 2012                                 Telephone                Individual                    Investor
                       secretary of the                                                                                    company situation
                                                                       深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
                        Company
                   Office of board                                                                                Enquiry the
    September 17, 2012 secretary of the          Telephone             Individual               Investor              company's share
                   Company                                                                                        price5.Issue of corporate bondHave the company issued any corporate bond□applicable √ not applicable§4 Appendix1 Financial statementsConsolidated or not:
    √Yes   □ No□not applicableAll figures in the notes to the financial statements are in RMB yuan except for otherwise stated.1. Consolidated Balance sheet
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.                       Unit:RMB
                                                          Year-end balance
                     Items                                                                             Year-beginning balanceCurrent asset:
    Monetary fund                                                           54,347,170.00                                 53,399,316.00
    Settlement provisionOutgoing call loan
    Trading financial assets                                                        43,420.00                                   68,900.00Bill receivable
    Account receivable                                                            744,712.00                                   744,712.00
    Prepayments                                                                     15,446.00                                   27,548.00
    Insurance receivableReinsurance receivable
    Provisions of Reinsurancecontracts receivable
    Interest receivable                                                                                                       38,378.00
    Dividend receivable
    Other account receivable                                                      95,328.00                                  457,264.00
    Repurchasing of financial assets
    Inventories                                                                 162,457.00                                   162,457.00
    Non-current asset due in 1 year
    Other current asset
    Total of current assets                                                   55,408,533.00                                 54,898,575.00Non-current assets:Loans and payment on other’s behalfdisbursed
                                       深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
    Disposable financial asset                649,676.00                          703,055.00Expired investment in possess
    Long-term receivable
    Long term share equity investment       62,387,517.00                       63,192,614.00
    Property investment                     32,109,172.00                       34,373,451.00
    Fixed assets                            12,005,338.00                       12,070,406.00Construction in progressEngineering material
    Fixed asset disposalProduction physical assetsGas & petrol
    Intangible assets                        1,870,841.00                        1,901,069.00
    R & D petrol
    Goodwill                                 5,099,624.00                        5,099,624.00
    Long-germ expenses to beamortized
    Differed income tax asset
    Other non-current asset
    Total of non-current assets              114,122,168.00                      117,340,219.00
    Total of assets                          169,530,701.00                      172,238,794.00Current liabilities
    Short-term loans
    Loan from Central BankDeposit received and hold forothers
    Call loan received
    Trade off financial liabilitiesBill payable
    Account payable                           3,251,445.00                        3,239,221.00
    Advance account received                 2,775,905.00                        2,775,476.00Selling of repurchased financialassets
    Fees and commissions receivable
    Employees’ wage payable                   711,154.00                         590,220.00
    Tax payable                              2,936,609.00                        2,700,348.00
    Interest payable
    Dividend payable                         1,215,946.00                        1,215,946.00
    Other account payable                   31,381,883.00                       31,167,220.00
    Reinsurance fee payable
    Insurance contract provision
    Entrusted trading of securities
    Entrusted selling of securitiesNon-current liability due in 1 year
                                                            深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
    Other current liability                                           4,572,241.00                        1,584,784.00
    Total of current liability                                     46,845,183.00                          43,273,215.00Non-current liabilities:
    Long-term loan                                                    1,074,619.00                        1,160,011.00
    Bond payable
    Long-term payable                                                 8,561,395.00                        8,486,859.00
    Special payableExpected liabilities
    Differed income tax liability                                        815,434.00                          808,335.00
    Other non-current liabilities                                      836,792.00                          836,792.00
    Total of non-current liabilities                               11,288,240.00                          11,291,997.00
    Total of liability                                             58,133,423.00                          54,565,212.00Owners’ equity
    Share capital                                                 169,142,356.00                         169,142,356.00
    Capital reserves                                               39,682,919.00                          39,742,473.00Less:Shares in stockSpecial reserve
    Surplus reserves                                             26,704,791.00                          26,704,791.00
    Common risk provision
    Undistributed profit                                    -122,176,864.00                         -116,026,610.00
    Different of foreign currency translation                          -582,410.00                         -515,914.00Total of owner’s equity belong to the
                                                              112,770,792.00                         119,047,096.00parent company
    Minor shareholders’ equity                                     -1,373,514.00                          -1,373,514.00
    Total of owners’ equity                                      111,397,278.00                         117,673,582.00
    Total of liabilities and owners’ equity                      169,530,701.00                         172,238,794.00Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng2. Balance sheet of the Parent Company
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.             Unit:RMB
                                                 Year-end balance
                     Items                                                           Year-beginning balanceCurrent asset:
        Monetary fund                                          19,432,627.00                          21,483,163.00
    Trading financial assets                                              43,420.00                           68,900.00Bill receivableAccount receivable
                                      深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
    Prepayments
    Interest receivable
    Dividend receivable
    Other account receivable                72,761,463.00                       72,999,033.00
    Inventories                               162,457.00                          162,457.00
    Non-current asset due in 1 year
    Other current asset
    Total of current assets                  92,399,967.00                       94,713,553.00Non-current assets:
    Disposable financial asset
    Expired investment in possessLong-term receivable
    Long term share equity investment       36,788,953.00                       36,788,953.00
    Property investment                      5,145,041.00                        5,397,921.00
    Fixed assets                            9,145,661.00                        9,170,487.00
    Construction in progressEngineering material
    Fixed asset disposal
    Production physical assetsGas & petrol
    Intangible assets                        1,870,841.00                        1,901,069.00R & D petrolGoodwill
    Long-germ expenses to beamortizedDiffered income tax assetOther non-current asset
    Total of non-current assets              52,950,496.00                       53,258,430.00
    Total of assets                         145,350,463.00                      147,971,983.00Current liabilities
    Short-term loans
    Trade off financial liabilities
    Bill payable
    Account payable                           113,337.00                          113,337.00
    Advance payment                          1,999,540.00                        1,999,540.00
    Employees’ wage payable                  646,443.00                          559,510.00
    Tax payable                              1,676,271.00                        1,617,284.00Interest payableDividend payable
    Other account payable                    659,348.00                          855,475.00Non-current liability due in 1 year
    Other current liability                   4,304,248.00                        1,544,249.00
                                                            深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
    Total of current liability                                         9,399,187.00                           6,689,395.00Non-current liabilities:
    Long-term loanBond payable
    Long-term payableSpecial payableExpected liabilities
    Differed income tax liability                                      4,180,138.00                           4,180,138.00
    Other non-current liabilities                                     836,792.00                              836,792.00
    Total of Non-current liabilities                                   5,016,930.00                          5,016,930..00
    Total of liability                                                14,416,117.00                          11,706,325.00Owners’ equity
    Share capital                                               169,142,356.00                           169,142,356.00
    Capital reserves                                                 31,606,598.00                          31,606,598.00
    Less:Shares in stockSpecial reserves
    Surplus reserves                                             26,309,287.00                          26,309,287.00
    Common risk provision
    Undistributed profit                                        -96,123,895.00                            -90,792,583.00
    Different of foreign currency translation
    Total of owners’ equity                                      130,934,346.00                           136,265,658.00
    Total of liabilities and owners’ equity                      145,350,463.00                           147,971,983.00Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng3. Profit statement(Consolidated)of the report period
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.            Unit:RMB
                     Items                        Report period                   Same period of the previous year
    I. Total operating income                                          2,254,074.00                           2,463,266.00
    Including:Operating income                                        2,254,074.00                           2,463,266.00
      Interest income
        Insurance gainedCommission charge and commissionincome
    II. Total operating cost                                           2,754,263.00                           2,759,981.00
    Including:Operating cost                                           671,888.00                            1,216,540.00
        Interest expenseCommission chare and commissionexpense
                                                                     深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
        Cash surrender value
    Net amount of expense of compensationNet amount of withdrawal of insurancecontract reserve
        Bonus expense of guarantee slip
        Reinsurance expense
        Operating tax and extras                                            110,834.00
      Sales expenses
        Administration expenses                                           2,046,048.00                           1,712,590.00
    Financial expenses                                                     -74,507.00                            -881,765.00
    Losses of devaluation of assets                                                                                    712,616.00
    Add :Changing income of fair value                                        -11,970.00                              -14,116.00
    Investment income                                                       -1,450,098.00                           -3,750,137.00Including:Investment income on affiliatecompany and joint ventureExchange income
    III. Operating profit                                                    -1,962,257.00                           -4,060,968.00
    Add :Non-operating income                                                       39.00                                 -81.00
    Less:Non-operating expense                                                   900.00                                 -14.00Including :Disposal loss of non-currentassets
    IV. Total profit                                                         -1,963,118.00                           -4,061,035.00Less:Income tax
    V. Net profit                                                            -1,963,118.00                           -4,061,035.00
    Including: Net profit realized by theentity taken over before the takeoverNet profit attributable to owner’s equity of
                                                                         -1,963,118.00                           -4,036,157.00parent company
    Minority shareholders’ gains andlosses
    VI. Earnings per share:                                        --                                          --
    (I)Basic earnings per share                                                     -0.01                                  -0.02
    (II)Diluted earnings per share                                                   -0.01                                  -0.02
    VII. Other comprehensive income                                              -6,853.00                           -2,727,468.00
    VIII. Total comprehensive income                                         -1,969,971.00                           -6,788,503.00Total comprehensive income attributable to
                                                                         -1,969,971.00                           -6,788,503.00the owner of the parent companyTotal comprehensive income attributableminority shareholdersThe merging party realized net profit of RMB 0.00 before consolidation under same control in this period.Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng
                                                               深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文4. Profit statement(Parent Company)of the report period
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.            Unit:RMB
                     Items                        Report period                   Same period of the previous year
    I. Business income                                                  392,370.00                              375,543.00
    Less:Business cost                                               120,778.00                              118,588.00
    Business tax and surcharge
      Sales expense
    Administrative expense                                            1,174,252.00                           1,103,048.00
    Financial expenses                                             -329,257.00                           -1,273,168.00
    Asset impairment loss                                                                                      712,616.00
    Add:Gains from change of fir
                                                                     -11,970.00                             -14,116.00value (“-”for loss)
    Investment gain(“-”for loss)                                                                             -136.00
    Incl: investment gains fromaffiliates
    II. Operational profit                                             -585,373.00                             -299,793.00Add:Non-business income
    Less:Non business expenses                                            900.00                                       -6.00
      Incl:Loss from disposal ofnon-current assets
    III.Total profit                                                   -586,273.00                             -299,787.00
    Less:Income tax expenses
    IV. Net profit                                                     -586,273.00                             -299,787.00
    V. Earnings per share                                     --                                     --(I)Basic earnings per share(II)Diluted earnings per share
    VII. Other comprehensive income                                            0.00                          -2,834,412.00
    VIII. Total comprehensive income                                   -586,273.00                           -3,134,199.00Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng5. Profit statement(Consolidated)from year-begin to the end of report period
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.            Unit:RMB
                     Items                        Report period                   Same period of the previous year
    I. Total operating income                                          7,273,861.00                           7,992,076.00
    Including:Operating income                                        7,273,861.00                           7,992,076.00
      Interest income
                                                                    深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
        Insurance gainedCommission charge and commissionincome
    II. Total operating cost                                                9,423,870.00                               9,773,796.00
    Including:Operating cost                                               2,871,722.00                               3,547,980.00
        Interest expenseCommission chare and commissionexpense
        Cash surrender value
    Net amount of expense of compensationNet amount of withdrawal of insurancecontract reserve
        Bonus expense of guarantee slip
        Reinsurance expense
        Operating tax and extras                                          269,633.00
      Sales expenses
        Administration expenses                                         6,404,547.00                               6,028,863.00
    Financial expenses                                                  -122,032.00                                -515,663.00
    Losses of devaluation of assets                                                                                     712,616.00
    Add :Changing income of fair value                                      -25,480.00                                 -62,718.00
    Investment income                                                     -1,021,452.00                             -10,484,864.00Including:Investment income on affiliatecompany and joint ventureExchange income
    III. Operating profit                                                  -3,196,941.00                             -12,329,302.00
    Add :Non-operating income                                                 29,602.00                                   8,332.00
    Less:Non-operating expense                                           2,982,915.00                                   1,503.00Including :Disposal loss of non-currentassets
    IV. Total profit                                                       -6,150,254.00                             -12,322,473.00Less:Income tax
    V. Net profit(“-”for net loss                                       -6,150,254.00                             -12,322,473.00
    Including: Net profit realized by theentity taken over before the takeoverNet profit attributable to the
                                                                       -6,150,254.00                             -12,268,678.00owners of parent company
    Minority shareholders’ equity                                                                                     -53,795.00
    VI. Earnings per share:                                       --                                        --
    (I)Basic earnings per share                                                   -0.04                                     -0.07
    (II)Diluted earnings per share                                                 -0.04                                     -0.07
    VII. Other comprehensive income                                          -126,050.00                              -6,115,769.00
    VIII. Total comprehensive income                                       -6,276,304.00                             -18,438,242.00Total comprehensive income attributable to
                                                                       -6,276,304.00                             -18,438,242.00the owner of the parent companyTotal comprehensive income attributableminority shareholdersThe merging party realized net profit of RMB 0.00 before consolidation under same control that occurred from year-begin to end ofthis period.
                                                               深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng6. Profit statement(Parent company)from year-begin to the end of report period
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.            Unit:RMB
                     Items                        Report period                   Same period of the previous year
    I. Business income                                                 1,133,937.00                           1,100,856.00
    Less:Business cost                                               360,156.00                              358,137.00
    Business tax and surcharge
      Sales expense
    Administrative expense                                            4,075,596.00                           3,805,251.00
    Financial expenses                                             -962,700.00                           -2,562,923.00
    Asset impairment loss                                                                                      712,616.00
    Add:Gains from change of fir
                                                                     -25,480.00                             -62,718.00value (“-”for loss)
    Investment gain(“-”for loss)                                   11,022.00                               14,005.00
    Incl: investment gains fromaffiliates
    II. Operational profit                                            -2,353,573.00                          -1,260,938.00
    Add:Non-business income                                             5,174.00
    Less:Non business expenses                                      2,982,915..00                                 523.00
      Incl:Loss from disposal ofnon-current assets
    III.Total profit                                                  -5,331,314.00                          -1,261,461.00
    Less:Income tax expenses
    IV. Net profit                                                    -5,331,314.00                          -1,261,461.00
    V. Earnings per share                                     --                                     --(I)Basic earnings per share(II)Diluted earnings per share
    VII. Other comprehensive income                                                                          -6,209,272.00
    VIII. Total comprehensive income                                  -5,331,314.00                          -7,470,733.00Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng
                                                          深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文7. Cash flow statement(Consolidated)from year-begin to the end of report period
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.          Unit:RMB
                   Items                         Report period                  Same period of the previous yearI.Cash flows from operating activitiesCash received from sales of goods or
                                                                 7,324,251.00                           8,340,213.00rending of services
    Net increase of customer depositsand capital kept for brother company
    Net increase of loans fromcentral bank
    Net increase of inter-bank loansfrom other financial bodiesCash received against originalinsurance contract
    Net cash received fromreinsurance business
    Net increase of client depositand investment
    Net increase of trade financialasset disposalCash received as interest, processingfee and commissionNet increase of inter-bank fund
    received
    Net increase of repurchasingbusiness
    Tax returnedOther cash received from business
                                                                  945,178.00                              650,651.00operation
    Sub-total of cash inflow                                     8,269,429.00                           8,990,864.00Cash paid for purchasing of
                                                                                                          735,503.00
    merchandise and servicesNet increase of client trade andadvanceNet increase of savings n centralbank and brother companyCash paid for original contract claimCash paid for interest, processingfee and commissionCash paid for policy dividend
    Cash paid to staffs or paid for
                                                                 2,200,990.00                           2,310,675.00
    staffs
    Taxes paid                                                      1,435,562.00                           1,378,168.00
    Other cash paid for business
                                                                 3,844,465.00                           2,323,284.00activities
                                       深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
    Sub-total of cash outflow from
                                           7,481,017.00                        6,747,630.00
    business activities
    Cash flow generated by business
                                            788,412.00                         2,243,234.00operation, netII.Cash flow generated by investingCash received from investmentretrieving
    Cash received as investment gains           21,841.00Net cash retrieved from disposal of
    fixed assets, intangible assets, and         30,000.00                           10,000.00other long-term assetsNet cash received from disposal ofsubsidiaries or other operationalunitsOther investment-related cashreceivedSub-total of cash inflow due to
                                             51,841.00                           10,000.00investment activitiesCash paid for construction of
    fixed assets, intangible assets             115,375.00                          111,101.00and other long-term assetsCash paid as investmentNet increase of loan against pledgeNet cash received from subsidiariesand other operational unitsOther cash paid for investmentactivitiesSub-total of cash outflow due to
                                            115,375.00                          111,101.00investment activitiesNet cash flow generated by
                                             -63,534.00                        -101,101.00
    investmentIII.Cash flow generated by financing
    Cash received as investment
    Incl: Cash received as investmentfrom minor shareholders
    Cash received as loans
    Cash received from bond
    placing
    Other financing –related ash
    received
    Sub-total of cash inflow from
                                                   0.00                                0.00financing activities
    Cash to repay debtsCash paid as dividend, profit, orinterestsIncl: Dividend and profit paid bysubsidiaries to minor shareholders
                                                            深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文Other cash paid for financingactivities
    Sub-total of cash outflow due to
                                                                           0.00                                      0.00financing activitiesNet cash flow generated by
                                                                           0.00                                      0.00financingIV. Influence of exchange rate
    alternation on cash and cash                                        222,976.00                           -1,265,877.00equivalentsV.Net increase of cash and cash
                                                                    947,854.00                              876,256.00equivalentsAdd: balance of cash and cash
                                                                  53,399,316.00                          51,786,613.00equivalents at the beginning of termVI ..Balance of cash and cash
                                                                  54,347,170.00                          52,662,869.00equivalents at the end of termLegal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng8. Cash flow statement(Parent Company)from year-begin to the end of report period
    Prepared by:Shenzhen Victor Onward Textile Industrial Co., Ltd.            Unit:RMB
                   Items                          Report period                   Same period of the previous yearI.Cash flows from operating activitiesCash received from sales of goods or
                                                                   1,133,937.00                           1,327,674.00rending of services
    Tax returnedOther cash received from business
                                                                   1,297,025.00                           1,068,588.00operation
    Sub-total of cash inflow                                         2,430,962.00                           2,396,262.00
    Cash paid for purchasing of
                                                                                                            735,503.00merchandise and services
    Cash paid to staffs or paid for
                                                                   1,346,093.00                           1,385,647.00
    staffs
    Taxes paid                                                         634,383.00                              617,434.00
    Other cash paid for business
                                                                   2,552,863.00                           1,146,480.00activities
    Sub-total of cash outflow from
                                                                   4,533,339.00                           3,885,064.00
    business activities
    Cash flow generated by business
                                                                  -2,102,377.00                          -1,488,802.00operation, netII.Cash flow generated by investingCash received from investment
                                       深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文retrieving
    Cash received as investment gains           21,841.00Net cash retrieved from disposal of
    fixed assets, intangible assets, and         30,000.00                           10,000.00other long-term assetsNet cash received from disposal ofsubsidiaries or other operationalunitsOther investment-related cashreceivedSub-total of cash inflow due to
                                             51,841.00                           10,000.00investment activitiesCash paid for construction offixed assets, intangible assetsand other long-term assets
    Cash paid as investmentNet cash received from subsidiariesand other operational unitsOther cash paid for investmentactivitiesSub-total of cash outflow due to
                                                   0.00                                0.00investment activitiesNet cash flow generated by
                                             51,841.00                           10,000.00
    investmentIII.Cash flow generated by financing
    Cash received as investment
    Cash received as loans
    Cash received from bond
    placing
    Other financing –related ash
    received
    Sub-total of cash inflow from
                                                   0.00                                0.00financing activities
    Cash to repay debts
    Cash paid as dividend, profit, orinterestsOther cash paid for financingactivities
    Sub-total of cash outflow due to
                                                   0.00                                0.00financing activitiesNet cash flow generated by
                                                   0.00                                0.00financingIV. Influence of exchange rate
    alternation on cash and cash                                                     -12,925.00equivalentsV.Net increase of cash and cash
                                          -2,050,536.00                       -1,491,727.00equivalents
    Add: balance of cash and cash            21,483,163.00                       23,577,186.00
                                                               深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文equivalents at the beginning of termVI ..Balance of cash and cash
                                                                  19,432,627.00                        22,085,459.00equivalents at the end of termLegal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren ChangzhengII. Auditor’ report
    Auditor’s opinions:                                                                           Un-audited
                       The Board of Directors of Shenzhen Victor Onward Textile Industrial Co., Ltd.
                                                     October 26, 2012