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ST中冠B:2013年第一季度报告全文(英文版)

公告日期:2013-04-23

                           深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文Shenzhen Victor Onward Textile Industrial Co., Ltd.
    The First Quarterly Report 2013(Full Text)
                    April 2013
                                                            深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文§1 Important NoticeThe Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Companyhereby guarantees that there are no misstatement, misleading representation or important omissions in this reportand shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
    Mr.Hu Yongfeng, The Company leader, Mr. Zhang Jinliang, Chief financial officer and the Mr..RenChangzheng, the person in charge of the accounting department (the person in charge of the accounting )herebyconfirm the authenticity and completeness of the financial report enclosed in this Quarterly Report .
    All the directors attended the board meeting for reviewing the Quarterly Report.
                                                                       深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文II.Main financial data and changes of shareholders(1)Main financial dataWhether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accountingerror correction or not.
    □ Yes   √ No
                                                 January-March 2013             January-March 2012              Increase /decrease(%)
    Operating income(RMB)                                      2,430,392.00                   2,500,956.00                           -2.82%Net profit attributable to the shareholders
                                                            -2,662,785.00                    -233,111.00                       1,042.28%of the listed company(RMB)Net profit after deducting of non-recurring
    gain/loss attributable to the shareholders of               -2,645,703.00                    -233,111.00                       1,042.28%listed company(RMB)Cash flow generated by business operation,
                                                              987,246.00                      571,809.00                          72.65%net(RMB)
    Basic earning per share(RMB/Share)                                    -0.02                               0Diluted gains per
                                                                      -0.02                               0share(RMB/Share)(RMB/Share)Weighted average return on equity
                                                                    -2.27%                             -0.2%                       -2.07%(%)
                                                     March 31, 2013              December 31, 2012              Increase /decrease(%)
    Gross assets(RMB)                                       159,829,127.00                  172,002,557.00                           -7.08%Net profit attributable to the shareholders
                                                          116,094,186.00                  118,852,391.00                           -2.32%of the listed company(RMB)Items of non-current gains and losses√ applicable □ not applicable
                                                                                                                               Unit:RMB
                                                                      Amount (Year-beginning to
                 Non-recurring gain and loss items                                                             Notes(If applicable)
                                                                      the end of the report period.)Non-current asset disposal gain/loss(including the write-off part
                                                                                         -19,024.00for which assets impairment provision is made)
    Other non-business income and expenditures other than the above                            1,942.00
    Total                                                                                    -17,082.00                      --
                                                                     深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文(2) Total number of shareholders at the end of report period and Particular about shares held by top tenshareholders
                                                                                                                        Unit:SharesTotal number of shareholders at the
                                                                                                                               10,166end of report period
                                        Particular about shares held by top ten shareholders
                                                                               Amount of                Pledging or freezing
                        Properties of      Share                             tradable shares
    Shareholder name                                             Quantity                              Status of the
                        shareholder     proportion %                         with Conditional                          Quantity
                                                                                                      shares
                                                                                   held
    Union         Domestic Non-
    Holdings Co., State-owned legal                 25.51%         43,141,032                      0
    Ltd.          personSTYLE-SUCC Foreign
                                                14.46%         24,466,029                      0ESS LIMITED shareholderShenzhen
    Textile       State-owned
                                                 5.46%           9,233,394                     0(Group)Holdin Legal persongs LtdRich Crown
                          Foreign
    Investment Co.,                                  3.62%           6,114,556                     0
                        shareholderLtd.
    Union              Domestic Non-
    Development        State-owned legal             3.44%           5,821,089                     0
    Group Co., Ltd.    person
    Liuzhou Jiali      Domestic Non-
    Real estate        legal person
                                                 2.49%           4,220,000                     0
    Development        State-owned legal
    Co., ltd.          person
                   Foreign Natural
    Zeng Ying                                        1.21%           2,039,600                     0
                       personLiuzhou
                   Domestic Non-Ruiheng
                   State-owned legal             1.01%           1,700,000                     0Mechatronics
                   personCo., Ltd.
    Shing Ying         Foreign Natural
                                                 0.84%           1,413,962                     0
    Chieh              person
    KGI ASIA           Foreign
                                                 0.53%            889,650                      0
    LIMITED            shareholder
                                                                      深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
                                      Shareholding of top 10 shareholders of unrestricted shares
                                        Quantity of unrestricted shares held at the end of the               Share type
      Name of the shareholder
                                                          reporting period                          Share type        Quantity
                                                                                                 RMB Common
    Union Holdings Co., Ltd.                                                            43,141,032                            43,141,032
                                                                                                 shares
                                                                                                 Foreign shares
                                                                                                 placed in
    STYLE-SUCCESS LIMITED                                                               24,466,029                            24,466,029
                                                                                                 domestic
                                                                                                 exchange
    Shenzhen Textile (Group)Holdings                                                                 RMB Common
                                                                                     9,233,394                             9,233,394
    Ltd                                                                                              shares
                                                                                                 Foreign shares
                                                                                                 placed in
    Rich Crown Investment Co., Ltd.                                                      6,114,556                             6,114,556
                                                                                                 domestic
                                                                                                 exchange
                                                                                                 RMB Common
    Union Development Group Co., Ltd                                                     5,821,089                             5,821,089
                                                                                                 shares
    Liuzhou Jiali Real estate                                                                        RMB Common
                                                                                     4,220,000                             4,220,000
    Development Co., ltd.                                                                            shares
                                                                                                 Foreign shares
                                                                                                 placed in
    Zeng Ying                                                                            2,039,600                             2,039,600
                                                                                                 domestic
                                                                                                 exchange
    Liuzhou Ruiheng                                                                                  RMB Common
                                                                                     1,700,000                             1,700,000
    Mechatronics Co., Ltd.                                                                           shares
                                                                                                 Foreign shares
                                                                                                 placed in
    Shing Ying Chieh                                                                     1,413,962                             1,413,962
                                                                                                 domestic
                                                                                                 exchange
                                                                                                 Foreign shares
                                                                                                 placed in
    KGI ASIA LIMITED                                                                       889,650                              889,650
                                                                                                 domestic
                                                                                                 exchange
    Notes to the related relationship   The controlling shareholder of the above-mentioned largest shareholder Shenzhen Union
    between the shareholders or their   Holdings Ltd.and fourth shareholder Rich Crown Investment Co., Ltd.. Is Union
          concerted action            Development Group Ltd.
                                                                        深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文§3 Significant EventsI. Particular about large-margin change of main accounting statement item and financial index and its reason.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 31,2013            December 31, 2012            Amount of increased /        Proportion increased
                                                                                      decreased                    decreased
    Monetary fund        43,119,477                          52,227,262                  -9,107,785                     -17.43%
    Bill receivable       1,000,000                          1,500,000                  -500,000                       -33.33%
    Inventories             0                          101,536                           -101,536                     -100%
    Other account payable 22,336,731                     32,227,317                        -9,890,586                   -30.69%(1) Monetary capital decreased by RMB 9,107,785 and 17.43% mainly due to payment of loan principal of RMB 10 million to UnionGroup;(2) Bills receivable decreased by RMB 500,000 mainly due to cashing of banker's acceptance bills in the amount of RMB 0.5million;(3) Inventories decreased by RMB 101,536 mainly because this part of inventories will be packed with fixed assets for disposal dueto bad condition of storage;(4) Other payables decreased by RMB 9,890,586 mainly due to decrease of loan principal owed by Nanhua Company to UnionGroup by RMB 10 million.2..In the report period, Analysis of the reason for big change of the items of profit statementIn the period from January 2013 to March 2013,the company earned operating income of RMB 2.43 million on accumulative basis,which decreased by RMB0.07 million and 2.82% year on year. Net profit is RMB- 2.66 million. compare to the data last year sameperiod, which loss increased by RMB 2.43 million.⑴Analysis of reason for decrease of operating income:Affected by the real estate rental situation⑵The main reason for increased of amount of loss:Due to Equity method accounted for earnings losses of the investment enterprises3.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               987,246         571,809                          415,437                   72.65%Net cash flows from
    investing activities             5,539          4,819                               720                      14.94%Net cash flows from
    financing activities           -10,000,000           0                           -10,000,000                  -100%The influence of change
    in exchange rate                -100,570          -2,933                        -97,637                       -99.00%Net increase of cash and
                                                                         深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
    cash equivalents              -9,107,785          573,695                         -9,681,480                   -1,687.56%
    ⑴At the end of the report period,   Net cash flows from operating activities increased by RMB 415,437 year onyear;⑵At the end of the report period, Net cash flows from investing activities increased by RMB 720 year on year;
    ⑶At the end of the report period, There were no net cash flows from financing activities decreased by RMB 10,000,000 year           onyear;⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents decreased by RMB97,637year on year;⑸At the end of the report period, net increase in cash and cash equivalents decreased by RMB9,681,480 year on year.II. The progress of significant events and influence, as well as the analysis and explanation onresolving proposal.
    (1 Since March 2007, Shenzhen Victor Onward Textile Industrial Co., Ltd. stopped production and dismissedmost of workers. And most subsidiaries of the company had stopped production and it maintained daily operationby house leasing.Except that Shenzhen East Asia Victor Onward Textile Printing and Dyeing Co., Ltd. is stilloperating normally, other 5 subsidiaries controlled by the Company have stopped operation or aremaintaining daily operation by house property lease. The Company planned to invest in the jointventure project of Nanjing East Asia Textile Printing and Dyeing Co., Ltd. with partial machineryand equipment in 2007. Due to change of foundation of joint venture and prospect of the industry,the capital increase was not completed. On June 4, 2012, The company has instituted court actionagainst below three companies at Jiangsu Province Higher People's Court, and asked to terminatethe contracts and agreements signed with Nanjing East Asia Textile Printing & Dyeing Co., Ltd.,Nanjing East Asia Investment & Development Group Co., Ltd. and Hong Kong Yaojunxing 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 theSu-Shang-Wai-Chu-Zi No.0002 (2012) of “Notice on Indictment Acceptance and Collegial PanelAnnouncement” issued by Jiangsu Province Higher People's Court on June 14, 2012. The casehasn’t yet been tried,(II) The stocks of the Company will be subject to special treatment for caution of delisting risk after the disclosure of 2012 annual report
    As the audited net profits of the Company for 2011 and 2012 were negative, Shenzhen Stock Exchange will give specialtreatment to the stocks of the Company for the caution of delisting risk according to relevant regulations including Stock ListingRules of Shenzhen Stock Exchange. The stocks of the Company will be subject to special treatment for caution of delisting risk afterthe disclosure of 2012 annual report.
    According to Stock Listing Rules of Shenzhen Stock Exchange, the listing of the stocks of theCompany will be suspended from the day of announcement of 2013 annual report if its audited netprofit for 2013 is still negative. In case of failure to reverse loss according to the annual report forthe latest period disclosed within statutory time limit, the stocks of the Company will face the risk
                                                                      深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文of termination of listing.In order to try to have the caution of delisting risk revoked, the Company will make all efforts toenhance operating efficiency and increase return through various measures and take "reversing lossinto profit" as the priority target of production and operation for the year in 2013.
                                                                                           Description of the website for disclosing
    Description of provisional announcement                 Date of disclosing
                                                                                                    provisional announcementsAnnouncement on lawsuits.of
                                                                                          http://www.cninfo.com.cn/finalpage/2012-
    Shenzhen Victor Onward Textile             June 16, 2012
                                                                                          06-16/61144742.PDFIndustrial Co., Ltd.III.The commitments of the Company and its shareholders holding over 5% of the Company’s total shares in thereport year of extending to the report year from previous year.
                                            Commitment                             Time of making       Period of
              Commitment                                          Contents                                             Fulfillment
                                                maker                               commitment        commitment
                                                              Committed
                                                              when the
                                                              restricted-for-sal
                                                              e shares from
                                                              the shares
                                                              restructuring
                                                              were listed for
                                                              circulation in the
                                           Union Holdings market: i. if they
                                            Co..,             plan to sell the
                                            Ltd/Shenzhen      shares through
                                            Textile           the securities
                                                                                                                     Under
    Commitment on share reform                  (Holdings) Co., exchange                                In effect
                                                                                                                     Fulfillment
                                            Ltd./Union        system in the
                                            Development       future, and the
                                            Group Co.,        decrease of the
                                            Ltd.              shares they hold
                                                              reaches 5%
                                                              within 6 months
                                                              after the first
                                                              decrease, they
                                                              will disclose an
                                                              announcement
                                                              indicating the
                                                              sale through the
                                                                      深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
                                                              company within
                                                              two trading days
                                                              before the first
                                                              decrease; ii.
                                                              They shall
                                                              strictly observe
                                                              the “Guidelines
                                                              on Transfer of
                                                              Restricted-for-sa
                                                              le Original
                                                              Shares of Listed
                                                              Companies” and
                                                              the provisions of
                                                              the relevant
                                                              business
                                                              principles of
                                                              Shenzhen Stock
                                                              Exchange.Commitment in the acquisition report or
                                             Not applicablethe report on equity changesCommitment made upon the assets
    replacement Commitment made upon the         Not applicableassets replacement
    Commitments made upon issuance               Not applicableOther commitments made to minority
                                             Not applicableshareholders
    Executed timely or not?                      YesDetailed person for failing to execute and
                                             Not applicablethe next planMake commitments on causing the
    problems of horizontal competition and       Norelated-party transactions or not?
    Settlement period of commitment              Not applicable
    Way of settlement                            Not applicable
    Fulfillment of commitment                    Under Fulfillment
                                                                         深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文IV.Prediction of Business performance for January- June 2013.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: LossesType of date filled for the prediction
                                  Year beginning to end of next Same period of
                                                                                                      Increase or decrease%
                                          report period            the previous yearEstimated amount of
    accumulative net                         -700 --           -500                 -418 --                        -67.46% --        -19.61%profit(RMB’0000)Basic earnings per shares
                                         -0.04 --          -0.03                -0.02 --                         -100% --           -50%(Yuan/share)
                                 Due to the effect of suspend production for rectification and the loss of real estate
                                 projects of Zhejiang Union Hangzhou Bay Ventures Co., Ltd. accounted for on equityNotes to forenotice of
                                 basis.the accumulative net profit for the period for January-Juneearnings
                                 2013 is estimated to be loss and about RMB-7 million to RMB-5 million.V. The registration form of acceptance of investigation, communication and interview in the report period forfuture reference
                                                                                                              Content of discussion and
        Date                 Place                  Mode                 Type                    Visitor
                                                                                                                  materials provided
                      Office of board
                                                                                                             Enquiry the company
    January 8, 2013       secretary of the     Telephone           Individual                  Investor
                                                                                                             situation
                      Company
                      Office of board                                                                        Enquiry the company
    February 5, 2013      secretary of the     Telephone           Individual                  Investor          operation situation and
                      Company                                                                                lawsuit
                      Office of board
                                                                                                             Enquiry the Kui Chong
    March 4, 2013         secretary of the     Telephone           Individual                  Investor
                                                                                                             Factory land right situation
                      Company
                                                          深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
                                            IV. Financial statement1. Financial statement1.Consolidated Balance sheet
    Prepared by: Shenzhen     Victor Onward Textile Industrial Co., Ltd.
                                                                                                  Unit :RMB
                Items                         Year-end balance                 Year-beginning balanceCurrent asset:
    Monetary fund                                             43,119,477.00                        52,227,262.00
    Settlement provision
    Outgoing call loanTrading financial assets
    Bill receivable                                             1,000,000.00                         1,500,000.00
    Account receivable                                              744,712.00                        744,712.00
    Prepayments                                                     35,654.00                        176,443.00Insurance receivableReinsurance receivableProvisions of Reinsurancecontracts receivable
    Interest receivable                                             43,507.00                         38,414.00
    Dividend receivable
    Other account receivable                                        495,293.00                        260,005.00Repurchasing of financial assets
    Inventories                                                                                      101,536.00Non-current asset due in 1 year
    Other current asset
    Total of current assets                                     45,438,643.00                        55,048,372.00Non-current assets:Loans and payment on other’sbehalf disbursed
    Disposable financial asset                                     689,649.00                        751,542.00
    Expired investment in possess
                                     深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文Long-term receivableLong term share equity
                                      64,035,442.00                         65,784,312.00investment
    Property investment                  30,898,847.00                         31,041,484.00
    Fixed assets                        11,837,176.00                         12,416,459.00
    Construction in progressEngineering material
    Fixed asset disposal
    Production physical assetsGas & petrol
    Intangible assets                     1,850,687.00                          1,860,764.00R & D petrol
    Goodwill                              5,078,683.00                          5,099,624.00
    Long-germ expenses to beamortizedDiffered income tax assetOther non-current asset
    Total of non-current assets          114,390,484.00                        116,954,185.00
    Total of assets                      159,829,127.00                        172,002,557.00Current liabilities
    Short-term loans
    Loan from Central BankDeposit received and hold forothersCall loan received
    Trade off financial liabilities
    Bill payable
    Account payable                      3,233,868.00                          3,239,571.00
    Advance payment                       2,778,288.00                          2,778,488.00
    Selling of repurchased financialassetsFees and commissions receivable
    Employees’ wage payable                740,911.00                           766,680.00
    Tax payable                           1,793,662.00                          1,622,074.00Interest payable
                                      深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
    Dividend payable                       1,215,946.00                          1,215,946.00
    Other account payable                22,336,731.00                         32,227,317.00Reinsurance fee payableInsurance contract provisionEntrusted trading of securitiesEntrusted selling of securitiesNon-current liability due in 1 year
    Other current liability                 1,939,258.00                          1,547,263.00
    Total of current liability             34,038,664.00                         43,397,339.00Non-current liabilities:
    Long-term loan                          998,229.00                          1,033,936.00Bond payable
    Long-term payable                     8,454,093.00                          8,488,953.00Special payableExpected liabilities
    Differed income tax liability             780,677.00                           766,660.00
    Other non-current liabilities            836,792.00                           836,792.00
    Total of non-current liabilities       11,069,791.00                         11,126,341.00
    Total of liability                     45,108,455.00                         54,523,680.00Owners’ equity
    Share capital                       169,142,356.00                        169,142,356.00
    Capital reserves                      39,731,977.00                         39,790,784.00
    Less:Shares in stockSpecial reserves
    Surplus reserves                     26,704,791.00                         26,704,791.00Common risk provision
    Undistributed profit                -118,936,726.00                      -116,273,941.00Different of foreign currency
                                         -548,212.00                           -511,599.00translationTotal of owner’s equity belong to
                                      116,094,186.00                        118,852,391.00the parent company
    Minority shareholders’ equity        -1,373,514.00                        -1,373,514.00
    Total of owners’ equity              114,720,672.00                        117,478,877.00Total of liabilities and owners’
                                      159,829,127.00                        172,002,557.00equity
                                                          深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文Legal representative :Hu YongfengnPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzhengi2. Balance sheet of Parent Company
    Prepared by: Shenzhen     Victor Onward Textile Industrial Co., Ltd.
                                                                                                   Unit:RMB
                Items                         Year-end balance                 Year-beginning balanceCurrent asset:
    Monetary fund                                                7,501,186.00                        17,293,509.00Trading financial assets
    Bill receivable                                              1,000,000.00                         1,500,000.00Account receivablePrepaymentsInterest receivableDividend receivable
    Other account receivable                                    82,870,436.00                        72,818,786.00
    Inventories                                                                                        101,536.00Non-current asset due in 1 yearOther current asset
    Total of current assets                                     91,371,622.00                        91,713,831.00Non-current assets:Disposable financial assetExpired investment in possessLong-term receivable
    Long     term         share   equity
                                                            36,788,953.00                        36,788,953.00investment
    Property investment                                          4,976,455.00                         5,060,748.00
    Fixed assets                                                 9,118,735.00                         9,145,661.00Construction in progressEngineering materialFixed asset disposalProduction physical assetsGas & petrol
                                        深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
    Intangible assets                         1,850,687.00                          1,860,764.00R & D petrolGoodwill
    Long-germ         expenses    to   beamortizedDiffered income tax assetOther non-current asset
    Total of non-current assets              52,734,830.00                         52,856,126.00
    Total of assets                         144,106,452.00                        144,569,957.00Current liabilitiesShort-term loansTrade off financial liabilitiesBill payable
    Account payable                             113,344.00                            113,344.00
    Advance payment                           2,002,540.00                          2,002,540.00
    Employees’ wage payable                    697,663.00                           735,970.00
    Tax payable                                 645,774.00                           573,074.00Interest payableDividend payable
    Other account payable                       873,096.00                           884,092.00Non-current liability due in 1 year
    Other current liability                   1,682,263.00                          1,547,263.00
    Total of current liability                6,014,680.00                          5,856,283.00Non-current liabilities:Long-term loanBond payableLong-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                       11,031,610.00                         10,873,213.00Owners’ equity
                                                           深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
    Share capital                                               169,142,356.00                       169,142,356.00
    Capital reserves                                             31,606,598.00                        31,606,598.00Less:Shares in stockSpecial reserves
    Surplus reserves                                             26,309,287.00                        26,309,287.00Provision of general risk
    Undistributed profit                                        -89,585,165.00                       -88,963,263.00Different of foreign currency
                                                             -4,398,234.00                        -4,398,234.00translation
    Total of owners’ equity                                    133,074,842.00                       133,696,744.00Total of liabilities and owners’
                                                            144,106,452.00                       144,569,957.00equityLegal representative :Hu YongfengnPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzhengi3.Consolidated Profit Statement
    Prepared by: Shenzhen     Victor Onward Textile Industrial Co., Ltd.
                                                                                                   Unit :RMB
                Items                       Amount in this period                Amount in last period
    I. Income from the key business                               2,430,392.00                         2,500,956.00
    Incl:Business income                                         2,430,392.00                         2,500,956.00Interest incomeInsurance fee earnedFee and commission received
    II. Total business cost                                       3,442,926.00                         3,754,060.00
    Incl:Business cost                                            948,594.00                          1,087,742.00Interest expenseFee and commission paidInsurance discharge paymentNet claim amount paidInsurance policy dividend paid
                                              深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文Insurance policy dividend paidReinsurance expenses
    Business tax and surcharge                        125,716.00                            93,516.00
    Sales expense                                      91,723.00                            75,074.00
    Administrative expense                          2,006,565.00                          2,100,061.00
    Financial expenses                                168,792.00                           397,667.00
    Asset impairment loss                             101,536.00Add:Gains from change of fir
                                                                                         -1,590.00value (“-”for loss)
    Investment gain(“-”for loss)                -1,633,169.00                         1,016,409.00
    Incl: investment       gains     fromaffiliatesGains from currency exchange(“-”for loss)
    III. Operational profit(“-”for loss          -2,645,703.00                         -238,285.00
    Add:Non-business income                            1,942.00                             5,174.00
    Less:Non business expenses                        19,024.00Incl : Loss from disposal ofnon-current assets
    IV.Total profit(“-”for loss)                  -2,662,785.00                          -233,111.00Less:Income tax expenses
    V. Net profit(“-”for net loss)              -2,662,785.00                          -233,111.00Including: Net profit realized bythe entity taken over before thetakoverNet profit attributable to the
                                                -2,662,785.00                          -233,111.00owners of parent companyMinority shareholders’ equity
    VI. Earnings per share:                 --                     --
    (I)Basic earnings per share                           -0.02                                   0
    (II)Diluted earnings per share                          -0.02                                   0
    VII. Other comprehensive income                   -95,420.00                             -9,522.00
    VIII. Total comprehensive income                -2,758,205.00                         -242,633.00Total comprehensive income
    attributable to the owner of the                -2,758,205.00                         -242,477.00parent company
                                                            深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文Total comprehensive income
                                                                                                                 -156.00attributable minority shareholdersLegal representative :Hu YongfengnPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzhengi4. Profit statement of the Parent Company
    Prepared by: Shenzhen    Victor Onward Textile Industrial Co., Ltd.
                                                                                                          Unit :RMB
    Items                                       Amount in this period                     Amount in last period
    I. Income from the key business                                     481,360.00                                379,157.00
    Less:Business cost                                                84,293.00                                119,502.00
    Business tax and surcharge                                           37,953.00
    Sales expense
    Administrative expense                                        1,198,710.00                              1,385,961.00
    Financial expenses                                          -326,156.00                                   -56,326.00
    Asset impairment loss                                              101,536.00Add:Gains from change of for
                                                                                                               -1,590.00value (“-”for loss)
    Investment gain(“-”for loss)                                                                                9,322.00
    Incl: investment gains fromaffiliates
    II. Operational profit(“-”for loss)                         -614,976.00                             -1,062,248.00
    Add:Non-business income                                                                                       5,174.00
    Less:Non- business expenses                                         6,927.00Incl:Loss from disposal ofnon-current assets
    III.Total profit(“-”for loss)                                 -621,903.00                             -1,057,074.00
    Less:Income tax expenses
    IV. Net profit(“-”for net loss)                             -621,903.00                             -1,057,074.00
    V. Earnings per share:               --                                         --
    (I)Basic earnings per share                                               0                                      -0.01
                                                          深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
    (II)Diluted earnings per share                                        0                                 -0.01
    VI. Other comprehensive income                                       0.00                                 0.00
    VII. Total comprehensive income                               -621,903.00                        -1,057,074.00Legal representative :Hu YongfengnPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzhengi5. Consolidated Cash flow statement
    Prepared by: Shenzhen    Victor Onward Textile Industrial Co., Ltd.
                                                                                                  Unit :RMB
               Items                       Amount in this period                Amount in last period
    I.Cash flows      from     operatingactivitiesCash received from sales of goods
                                                             2,917,174.00                         2,529,969.00or rending of servicesNet increase of customer depositsand capital kept for brothercompanyNet increase of loans from centralbankNet increase of inter-bank loansfrom other financial bodiesCash received against originalinsurance contract
    Net     cash    received          fromreinsurance businessNet increase of client deposit andinvestmentNet increase of trade financialasset disposalCash received as interest,processing fee and commissionNet increase of inter-bank fundreceived
                                      深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
    Net increase     of   repurchasingbusinessTax returnedOther cash received from business
                                          339,164.00                           394,139.00operation
    Sub-total of cash inflow                3,256,338.00                          2,924,108.00Cash paid for purchasing ofmerchandise and servicesNet increase of client trade andadvanceNet increase of savings n centralbank and brother companyCash paid for original contractclaimCash paid for interest, processingfee and commissionCash paid for policy dividendCash paid to staffs or paid for
                                          743,566.00                           841,173.00staffs
    Taxes paid                                360,551.00                           355,549.00Other cash paid for business
                                        1,164,975.00                          1,155,577.00activitiesSub-total of cash outflow from
                                        2,269,092.00                          2,352,299.00business activitiesCash flow generated by business
                                          987,246.00                           571,809.00operation, net
    II.Cash flow       generated    byinvestingCash received from investmentretrieving
    Cash received as investment gains                                                9,322.00Net cash retrieved from disposal
    of fixed assets, intangible assets,        37,000.00                            30,000.00and other long-term assetsNet cash received from disposal
    of    subsidiaries   or   otheroperational unitsNet cash received from disposal
                                          深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
    of    subsidiaries       or       otheroperational unitsSub-total of cash inflow due to
                                               37,000.00                            39,322.00investment activitiesCash paid for construction of
    fixed assets, intangible assets and            31,461.00                            34,503.00other long-term assetsCash paid as investmentNet increase of loan againstpledge
    Net     cash     received    fromsubsidiaries and other operationalunitsOther cash paid for investmentactivities
    Sub-total of cash outflow     due to
                                               31,461.00                            34,503.00investment activitiesNet cash flow generated by
                                                5,539.00                             4,819.00investment
    III.Cash flow        generated      byfinancingCash received as investmentIncl: Cash received as investmentfrom minor shareholdersCash received as loansCash received from bond placing
    Other financing       –related    ashreceivedSub-total of cash inflow fromfinancing activities
    Cash to repay debts                        10,000,000.00Cash paid as dividend, profit, orinterestsIncl: Dividend and profit paid bysubsidiaries to minor shareholdersOther cash paid for financingactivities
    Sub-total of cash outflow due to           10,000,000.00
                                                          深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文financing activitiesNet cash flow generated by
                                                           -10,000,000.00financingIV. Influence of exchange rate
    alternation on cash and cash                                  -100,570.00                               -2,933.00equivalentsV.Net increase of cash and cash
                                                            -9,107,785.00                          573,695.00equivalentsAdd: balance of cash and cash
    equivalents at the beginning of                             52,227,262.00                        53,399,316.00termVI.Balance of cash and cash
                                                            43,119,477.00                        53,973,011.00equivalents at the end of termLegal representative :Hu YongfengnPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzhengi6. Cash flow statement of the Parent Company
    Prepared by: Shenzhen    Victor Onward Textile Industrial Co., Ltd.
                                                                                                  Unit :RMB
               Items                       Amount in this period                Amount in last period
    I.Cash flows      from     operatingactivitiesCash received from sales of goods
                                                              939,510.00                           399,989.00or rending of servicesTax returnedOther cash received from business
                                                              419,915.00                           125,861.00operation
    Sub-total of cash inflow                                     1,359,425.00                          525,850.00Cash paid for purchasing ofmerchandise and servicesCash paid to staffs or paid for
                                                              524,657.00                           542,332.00staffs
    Taxes paid                                                    162,342.00                           155,094.00
                                      深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文Other cash paid for business
                                          486,750.00                           624,484.00activitiesSub-total of cash outflow from
                                        1,173,749.00                          1,321,910.00business activitiesCash flow generated by business
                                          185,676.00                          -796,060.00operation, net
    II.Cash flow       generated    byinvestingCash received from investmentretrieving
    Cash received as investment gains                                                9,322.00Net cash retrieved from disposal
    of fixed assets, intangible assets,        22,000.00                            30,000.00and other long-term assetsNet cash received from disposal
    of    subsidiaries   or   otheroperational units
    Other cash receivable           forinvestment activitiesSub-total of cash inflow due to
                                           22,000.00                            39,322.00investment activitiesCash paid for construction offixed assets, intangible assets andother long-term assetsCash paid as investment
    Net     cash     received    fromsubsidiaries and other operationalunitsOther cash paid for investmentactivities
    Sub-total of cash outflow   due toinvestment activitiesNet cash flow generated by
                                           22,000.00                            39,322.00investment
    III.Cash flow      generated    byfinancingCash received from absorbinginvestmentCash received as loans
                                                          深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文Cash received from bond placing
    Other financing         –related    ashreceivedSub-total of cash inflow fromfinancing activities
    Cash to repay debts                                        10,000,000.00Cash paid as dividend, profit, orinterestsOther cash paid for financingactivitiesSub-total of cash outflow due to
                                                           10,000,000.00financing activitiesNet cash flow generated by
                                                           -10,000,000.00financingIV. Influence of exchange ratealternation on cash and cashequivalentsV.Net increase of cash and cash
                                                            -9,792,324.00                          -756,738.00equivalentsAdd: balance of cash and cash
    equivalents at the beginning of                            17,293,510.00                         21,483,163.00termVI.Balance of cash and cash
                                                             7,501,186.00                        20,726,425.00equivalents at the end of termLegal representative :Hu YongfengnPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren ChangzhengiII. Auditor’ reportIs the First Quarterly Report be audited?
    □ Yes    √No