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神州长城(000018)公告正文

*ST中冠B:2013年第三季度报告全文(英文版)

公告日期:2013-10-25

                           深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文Shenzhen Victor Onward Textile Industrial Co., Ltd.
         The Third Quarterly Report 2013
                  October 2013
                                                            深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文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.
    All the directors attended the board meeting for reviewing the Quarterly Report.
    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 .
                                                                                深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文II.Main financial data and changes of shareholders(1)Main accounting data and financial IndexWhether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accountingerror correction or not.
    □ Yes   √ No
                                         As at the end of the reporting                                             Changed (%)over end of
                                                                                   As at the end of last year
                                                        period                                                                prev. year
    Gross assets(RMB)                                        159,455,131.00                         172,002,557.00                            -7.29%Net assets attributable to the
    shareholders of the listed company                         117,520,226.00                         118,852,391.00                            -1.12%(RMB)
                                                                        Increase/decrease over
                                                                                                    January 1, 2013 to       Changed (%)over
                                           Reporting period             the same period of last
                                                                                                    September 30,2013         end of prev. year
                                                                             year(%)
    Operating income(RMB)                           2,590,258.00                          14.91%             7,580,884.00                      4.22%Net profit attributable to the
    shareholders of the listed company                3,592,196.00                         -282.98%             -531,410.00                    -91.36%(RMB)Net profit after deducting ofnon-recurring gain/loss attributable
                                                   -529,104.00                          -74.36%           -2,237,596.00                    -32.39%to the shareholders of listedcompany(RMB)Cash flow generated by business
                                                   --                             --                       2,787,681.00                    253.58%operation, net(RMB)Basic earning per
                                                                 0.02                    -300%                           0                   -100%share(RMB/Share)Diluted gains per
                                                                 0.02                    -300%                           0                   -100%share(RMB/Share)(RMB/Share)Weighted average income/asset
                                                            3.08%                         4.8%                     -0.45%                    4.85%ratio(%)Items and amount of non-current gains and losses√Applicable □Not applicable
                                                                                                                                           Unit:RMB
                                                                               Amount (Year-beginning to
                                 Items                                                                                         Notes
                                                                               the end of the report period.)
                                                                    深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文Non-current asset disposal gain/loss(including the
                                                                                                  Fixed assets equipment disposal
    write-off part for which assets impairment provision is                            1,706,186.00
                                                                                                  of net incomemade)
    Total                                                                              1,706,186.00                   --For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 oninformation disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses andits non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosurefor Companies offering their securities to the public-non-recurring Gains and losses which have been defined asrecurring gains and losses, it is necessary to explain the reason.□ Applicable√ Not applicable(II)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
                                                                                                                              9,265end 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-SUCCES Foreign Legal
                                               14.46%         24,466,029                      0
    S LIMITED          personRich Crown
                   Foreign Legal
    Investment Co.,                                 3.62%           6,114,556                     0
                   personLtd.
    Union              Domestic Non-
    Development        State-owned legal            3.36%           5,681,089                     0
    Group Co., Ltd.    personLiuzhou Jiali
                   Domestic Non-Real estate
                   State-owned legal              2.5%          4,230,000                     0Development
                   personCo., ltd.Shenzhen
    Textile       State-owned
                                                2.21%           3,744,594                     0(Group)Holdin Legal persongs Ltd
                                                                       深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
                    Domestic
    Zeng Ying                                          1.21%           2,039,600                      0
                   Natural personLiuzhou
                   Domestic Non-Ruiheng
                   State-owned legal               1.01%           1,700,000                      0Mechatronics
                   personCo., Ltd.
    Shing Ying         Foreign Natural
                                                   0.54%             909,962                      0
    Chieh              person
    KGI ASIA           Foreign Legal
                                                    0.5%             837,450                      0
    LIMITED            person
                                       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
                                                                                                      Foreign shares
                                                                                                      placed in
    Rich Crown Investment Co., Ltd.                                                       6,114,556                                 6,114,556
                                                                                                      domestic
                                                                                                      exchange
                                                                                                      RMB Common
    Union Development Group Co., Ltd                                                      5,681,089                                 5,681,089
                                                                                                      shares
    Liuzhou Jiali Real estate                                                                             RMB Common
                                                                                      4,230,000                                 4,230,000
    Development Co., ltd.                                                                                 shares
    Shenzhen Textile (Group)Holdings                                                                      RMB Common
                                                                                      3,744,594                                 3,744,594
    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                                                                        909,962                                  909,962
                                                                                                      domestic
                                                                                                      exchange
                                                                    深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
                                                                                             Foreign shares
                                                                                             placed in
    KGI ASIA LIMITED                                                                   837,450                      837,450
                                                                                             domestic
                                                                                             exchange
                                     The controlling shareholder of the above-mentioned largest shareholderNotes to the related relationship
                                     Shenzhen Union Holdings Ltd.and Third shareholder Rich Crown Investmentbetween the shareholders or their
                                     Co., Ltd.. Is Union Development Group Ltd. its is unknown whether relationshipconcerted action
                                     exists between other shareholders.Notes to the shareholdersinvolved in financing securities N/A(if any)Did any shareholder of the Company carry out an agreed buy-back in the reorting period?□ Yes √ No
                                                                         深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文III 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                      September 30,2013              December 31, 2012         Amount of increased /     Proportion increased
                                                                                      Decreased                       Decreased
    Bill receivable                      0                  1,500,000                  -1,500,000                     -100%
    Other account receivable         482,976                   260,005                  222,971                        85.76%
    Inventories                          0                   101,536                  -101,536                         -100%
    Fixed assets                     6,964,353                  12,416,459             -5,452,106                       -43.91%
    Advance payment                 1,077,402                   2,778,488                -1,701,086                     -61.22%
    Other account payable           22,665,265                  32,227,317                -9,562,052                   -29.67%1.Bills receivable decreased by RMB1,500,000 mainly due to cashing of banker's acceptance bills in the amountof RMB 1.5 million;2.Other receivables increased by RMB 222,971 and 85.76% mainly due to the increase of suspense payment;3.Inventories decreased by RMB 101,536 mainly due to disposal of inventories;4.Fixed assets decreased by RMB 5,452,106 mainly due to disposal of fixed assets (machinery and equipment) incurrent period;5.Advance collections decreased by RMB 1,701,086 RMB, mainly because the proceeds of disposal of fixedassets collected in advance in the previous period were carried forward in current period;6.Other payables decreased by RMB 9,562,052 mainly due to repayment of loan principal of RMB 10 millionowed by Nanhua Company to Union Group in current period;2..In the report period, Analysis of the reason for big change of the items of profit statementIn the period from January 2013 to September 2013,the company earned operating income of RMB 7.58 million on accumulativebasis, which increased by RMB0.3 million and 4.22% year on year. Net profit is RMB-0.51 million. compare to the data last yearsame period, which loss Decreased by RMB 5.61 million.
    ⑴   Analysis of reason for increase of operating income:Due to the rise in rent of leased house property.⑵The main reason for Decreased of amount of loss:
    The amount of net income and loss from the disposal of fixed assets in current period was RMB1.72 million. Accounted for on equity basis, the amount of loss suffered by the enterprises in whichthe Company invested decreased by RMB 0.47 million year on year. In addition, in the same periodof previous year, non-operating expenses of RMB 2.98 million were incurred from lawsuits inNanjing, while there were no such expenses in current period.3.Analysis of the reason for big change of the items of cash flow statement of the Company in the report period.
                                                                                                  Unit:RMB
        Items                   This period      Same period of last year         Amount of                 Proportion
                                                                                  increased/decreased    Increased/ decreased
                                                                    深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文Net cash flows arising form
    Operating activities             787,681          788,412                         1,999,269                 253.58%Net cash flows from
    investing activities          4,992,909        -63,534                             5,056,443                 -7958.64%Net cash flows from
    financing activities          -10,000,000             0                                -10,000,000               -100%The influence of change
    in exchange rate        -544,224            222,976                                      -767,200               -344.07%Net increase of cash and
    cash equivalents          -2,763,634         947,854                                    -3,711,488                -391.57%
    ⑴At the end of the report period,   Net cash flows from operating activities increased by RMB 1,999,269 yearon year;⑵In the report period, Net cash flows from investing activities increased by RMB5,056,443 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 RMB-767,200year on year;⑸At the end of the report period, net increase in cash and cash equivalents decreased by RMB-3,711,488 year on year.II. The progress of significant events and influence, as well as the analysis and explanation onresolving proposal.
    Shine Wing Certified Public Accountants(LLP) issued unqualified auditor's report with paragraph ofemphasized matters for the Company's financial statements for 2012 Basic information of emphasized matters:Since March 2007, Shenzhen Victor Onward Textile Industrial Co., Ltd. stopped production and dismissed mostof workers. And most subsidiaries of the company had stopped production and it maintained daily operation byhouse leasing., but its sustainable operation ability is still uncertain. The board of directors, SupervisoryCommittee 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 DyeingCo., Ltd. with part of machinery and equipment, Due to the reason on the side of the other party of joint ventureand change of industry prospect. Partners disagree with our views in the replenishment of the things, thuscooperation is difficult to continue. Although we sent our staff to Nanjing many times for negotiation, but failedto reach a consensus. Therefore, we decided the proceedings in the People's Court. This event greatly impactedthe production & operation activities and sustainable development of company, it made company had the situationof implementing other special treatment which was stipulated in Shenzhen Stock Exchange Listing Rules , thestock of our company had been implemented for other special treatment. As the audited net profits of the Companyfor 2011 and 2012 were negative, Shenzhen Stock Exchange will give special treatment to the stocks of theCompany for the caution of delisting risk according to relevant regulations including Stock Listing Rules ofShenzhen Stock Exchange. The stocks of the Company will be subject to special treatment for caution of
    delisting     risk    after     the     disclosure    of     2012     annual     report.     The      stocks    ofthe Company will implement special treatment for delisting risk warning after
                                                              深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文the Company was restored for trading from April 24,2013. According to Stock Listing Rules of Shenzhen StockExchange, the listing of the stocks of the Company will be suspended from the day of announcement of 2013annual report if its audited net profit for 2013 is still negative. In case of failure to reverse loss according to theannual report for the latest period disclosed within statutory time limit, the stocks of the Company will face therisk of termination of listing. In order to try to have the caution of delisting risk revoked, the Company will makeall efforts to enhance 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 announcementsOn June 4, 2012, The company hasinstituted court action against belowthree companies at Jiangsu ProvinceHigher People's Court, and asked toterminate the contracts andagreements signed with Nanjing EastAsia Textile Printing & Dyeing Co.,Ltd., Nanjing East Asia Investment& Development Group Co., Ltd. andHong Kong Yaojunxing Co., Ltd.,
                                                                              http://www.cninfo.com.cn/finalpage/2012-who shall pay RMB47,922,902.92 to June 16, 2012
                                                                              06-16/61144742.PDFthe company for the pecuniary lossof implicative compensation andundertake the costs of litigation. Thecompany has received theSu-Shang-Wai-Chu-Zi No.0002(2012) of “Notice on IndictmentAcceptance and Collegial PanelAnnouncement” issued by JiangsuProvince Higher People's Court onJune 14, 2012.On October 10, 2013, The 10thmeeting of the sixth board ofdirectors of the Company examinedand adopted the Proposal for thewithdrawal "on the transfer of parts
    of shares of Union Hangzhou Bay's                                             http://www.cninfo.com.cn/finalpage/2013-
                                       October 12, 2013
    equity listed by the Company.Due to                                           10-12/63148484.PDFthe current equity market turnover isdifficult on a small equity transfer ,as well as the expectations forcontinued prosperity of the realestate industry, the company will no
                                                                       深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
    longer sell the stake              for   thelong-term interests.To achieving the goal of turninglosses into profits for 2013, theCompany planned to sell the houseproperty of Hong Kong VictorOnward Co.Ltd, a wholly-ownedsubsidiary of the Company, which islocated at RMB 1801-1804,Huachuang Center, 889 Chang ShaWan Road, Kowloon, Hong Kong, inthe form of agreed assignment and at
    the price of HKD 19.55 million                                                        http://www.cninfo.com.cn/finalpage/2013-
                                      October 12, 2013
    (equivalent to RMB 15.50 million)                                                     10-12/63148484.PDFappraised by Loyalty Surveyors Co.,Ltd., a Hong Kong appraisal agency,
    and        Shenzhen          TianjianGuozhonglian Assets Appraisal &Land and Real Estate Valuation Co.,Ltd. This proposal can beimplemented only after examinationand approval by the first provisionalshareholders' general meeting in2013 (November 5, 2013).III.Prediction of Business performance for 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 earning : Make up the deficitsType of data filet for the prediction
                                                                  Same period of
                                  Year beginning to end of next
                                                                   the previous            Increase or decrease%
                                          report period
                                                                       yearEstimated amount of
    accumulative net                          600 --           900            -24.73 --                 -3,739.3% --     -2,526.2%profit(RMB’0000)
    Basic earnings per shares                0.035 --         0.053           -0.001 --                 -3,739.3% --     -2,526.2%
                                                                深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文(Yuan/share)
                               The Company planned to sell the house property of Hong Kong Victor Onward
                               Co.Ltd, a wholly-owned subsidiary of the Company, which is located at RM
                               1801-1804, Huachuang Center, 889 Chang Sha Wan Road, Kowloon, Hong Kong,
                               and related parties China (Hong Kong) Group Limited,in the form of agreed
    Notes to forenotice of         assignment and at the price of HKD 19.55 million (equivalent to RMB 15.50 million)
    earnings                       appraised by Loyalty Surveyors Co., Ltd., a Hong Kong appraisal agency, and
                               Shenzhen Tianjian Guozhonglian Assets Appraisal & Land and Real Estate Valuation
                               Co., Ltd (assessed with the securities and futures-related business qualification). The
                               Company expects to reverse loss into profit for the year 2013, the Accumulative
                               net profit is approximately RMB 6 million to RMB 9 million .IV. 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
                                                                                             Inquiry about the
                                                                                             progress of
                    Office of board
                                                                                             assignment of
    July 8,2013         secretary of the   Telephone         Individual        Investor
                                                                                             Hangzhou Bay's
                    Company
                                                                                             equity listed by the
                                                                                             Company
                                                                                             Inquiry about the
                    Office of board
    July 30,                                                                                     Company's
                    secretary of the   Telephone         Individual        Investor
    2013                                                                                         operating status in
                    Company
                                                                                             this year
                                                          深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
                                            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                                             49,463,628.00                        52,227,262.00
    Settlement provision
    Outgoing call loanTrading financial assets
    Bill receivable                                                                                  1,500,000.00
    Account receivable                                              744,712.00                        744,712.00
    Prepayments                                                      8,640.00                        176,443.00Insurance receivableReinsurance receivableProvisions of Reinsurancecontracts receivable
    Interest receivable                                                                               38,414.00
    Dividend receivable
    Other account receivable                                        482,976.00                        260,005.00
    Repurchasing of financial assets                                                                   101,536.00
    InventoriesNon-current asset due in 1 year
    Other current asset
    Total of current assets                                     50,699,956.00                        55,048,372.00Non-current assets:Loans and payment on other’sbehalf disbursed
    Disposable financial asset                                     656,100.00                        751,542.00
    Expired investment in possess
                                     深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文Long-term receivableLong term share equity
                                      65,107,753.00                         65,784,312.00investment
    Property investment                  29,120,370.00                         31,041,484.00
    Fixed assets                         6,964,353.00                         12,416,459.00
    Construction in progressEngineering material
    Fixed asset disposal
    Production physical assetsGas & petrol
    Intangible assets                     1,830,535.00                          1,860,764.00R & D petrol
    Goodwill                              5,076,064.00                          5,099,624.00
    Long-germ expenses to beamortizedDiffered income tax assetOther non-current asset
    Total of non-current assets          108,755,175.00                        116,954,185.00
    Total of assets                      159,455,131.00                        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                      3,208,629.00                          3,239,571.00
    Advance payment                       1,077,402.00                          2,778,488.00
    Selling of repurchased financialassetsFees and commissions receivable
    Employees’ wage payable                794,074.00                           766,680.00
    Tax payable                           1,788,890.00                          1,622,074.00Interest payable
                                      深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
    Dividend payable                       1,215,946.00                          1,215,946.00
    Other account payable                22,665,265.00                         32,227,317.00Reinsurance fee payableInsurance contract provisionEntrusted trading of securitiesEntrusted selling of securitiesNon-current liability due in 1 year
    Other current liability                 1,734,008.00                          1,547,263.00
    Total of current liability             32,484,214.00                         43,397,339.00Non-current liabilities:
    Long-term loan                          918,283.00                          1,033,936.00Bond payable
    Long-term payable                     8,300,205.00                          8,488,953.00Special payableExpected liabilities
    Differed income tax liability             768,925.00                           766,660.00
    Other non-current liabilities            836,792.00                           836,792.00
    Total of non-current liabilities       10,824,205.00                         11,126,341.00
    Total of liability                     43,308,419.00                         54,523,680.00Owners’ equity
    Share capital                       169,142,356.00                        169,142,356.00
    Capital reserves                      39,759,145.00                         39,790,784.00
    Less:Shares in stockSpecial reserves
    Surplus reserves                     26,704,791.00                         26,704,791.00Common risk provision
    Undistributed profit                -116,805,351.00                      -116,273,941.00Different of foreign currency
                                        -1,280,715.00                          -511,599.00translationTotal of owner’s equity belong to
                                      117,520,226.00                        118,852,391.00the parent company
    Minority shareholders’ equity        -1,373,514.00                        -1,373,514.00
    Total of owners’ equity              116,146,712.00                        117,478,877.00Total of liabilities and owners’
                                      159,455,131.00                        172,002,557.00equity
                                                          深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文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
                                                                                                        单位:元
                Items                         Year-end balance                 Year-beginning balanceCurrent asset:
    Monetary fund                                               12,667,854.00                        17,293,509.00Trading financial assets
    Bill receivable                                                                                   1,500,000.00Account receivablePrepaymentsInterest receivableDividend receivable
    Other account receivable                                    82,879,531.00                        72,818,786.00
    Inventories                                                                                        101,536.00Non-current asset due in 1 yearOther current asset
    Total of current assets                                     95,547,385.00                        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                                          4,807,868.00                         5,060,748.00
    Fixed assets                                                 4,384,712.00                         9,145,661.00Construction in progressEngineering materialFixed asset disposalProduction physical assets
                                        深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文Gas & petrol
    Intangible assets                         1,830,535.00                          1,860,764.00R & D petrolGoodwill
    Long-germ         expenses    to   beamortizedDiffered income tax assetOther non-current asset
    Total of non-current assets              47,812,068.00                         52,856,126.00
    Total of assets                         143,359,453.00                        144,569,957.00Current liabilitiesShort-term loansTrade off financial liabilitiesBill payable
    Account payable                             113,344.00                            113,344.00
    Advance payment                             302,540.00                          2,002,540.00
    Employees’ wage payable                    774,008.00                           735,970.00
    Tax payable                                 634,217.00                           573,074.00Interest payableDividend payable
    Other account payable                       879,196.00                           884,092.00Non-current liability due in 1 year
    Other current liability                   1,634,764.00                          1,547,263.00
    Total of current liability                4,338,069.00                          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                        9,354,999.00                         10,873,213.00
                                                           深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文Owners’ equity
    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                                        -93,053,787.00                       -88,963,263.00Different of foreign currency
                                                                                                  -4,398,234.00translation
    Total of owners’ equity                                    134,004,454.00                       133,696,744.00Total of liabilities and owners’
                                                            143,359,453.00                       144,569,957.00equityLegal representative :Hu YongfengnPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzhengi3. Profit statement(Consolidated)of the report period
    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                               2,590,258.00                         2,254,074.00
    Incl:Business income                                         2,590,258.00                         2,254,074.00
    II. Total business cost                                       2,642,927.00                         2,754,263.00
    Incl:Business cost                                            562,953.00                           671,888.00
    Business tax and surcharge                                     140,673.00                            110,834.00
    Administrative expense                                        2,160,795.00                         2,046,048.00
    Financial expenses                                             -221,494.00                           -74,507.00Add:Gains from change of fir
                                                                                                     -11,970.00value (“-”for loss)
    Investment gain(“-”for loss)                               -476,435.00                        -1,450,098.00
    Incl: investment gains from                                      71,083.00                          -417,624.00
                                                             深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文affiliates
    III. Operational profit(“-”for loss                           -529,104.00                          -1,962,257.00
    Add:Non-business income                                        1,721,300.00                                    39.00
    Less:Non business expenses                                    -2,400,000.00                                   900.00
    IV.Total profit(“-”for loss)                                  3,592,196.00                          -1,963,118.00
    V. Net profit(“-”for net loss)                              3,592,196.00                          -1,963,118.00Net profit attributable to the
                                                                3,592,196.00                          -1,963,118.00owners of parent company
    VI. Earnings per share:                              --                                     --
    (I)Basic earnings per share                                              0.02                                  -0.02
    (II)Diluted earnings per share                                             0.02                                  -0.02
    VII. Other comprehensive income                                  -191,503.00                                 -6,853.00
    VIII. Total comprehensive income                                3,400,693.00                          -1,969,971.00Total comprehensive income
                                                                3,400,693.00                          -1,969,971.00attributable minority shareholdersLegal representative :Hu YongfengnPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzhengi4. Profit statement(Parent Company)of the report period
    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                                      451,350.00                             392,370.00
    Less:Business cost                                                605,358.00                             965,773.00
    Business tax and surcharge                                            48,828.00
    Sales expense                                              1,223,695.00                           1,174,252.00
    Administrative expense                                          -751,459.00                            -329,257.00
    Financial expenses                                                                                      -11,970.00
    II. Operational profit(“-”for loss)                          -154,008.00                            -585,373.00
    Add:Non-business income                                       1,721,304.00
                                                              深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
    Less:Non- business expenses                                   -2,400,000.00                               900.00
    III.Total profit(“-”for loss)                                  3,967,296.00                          -586,273.00
    IV. Net profit(“-”for net loss)                              3,967,296.00                          -586,273.00
    V. Earnings per share:                                 --                                   --
    VII. Total comprehensive income                                  3,967,296.00                          -586,273.00Legal representative :Hu YongfengnPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzhengi5. Profit statement(Consolidated)from year-begin to the end of report period
    Prepared by: Shenzhen        Victor Onward Textile Industrial Co., Ltd.
                                                                                                      Unit :RMB
                  Items                        Amount in this period                Amount in last period
    I. Total operating income                                        7,580,884.00                         7,273,861.00
    Including:Operating income                                      7,580,884.00                         7,273,861.00
      Interest income
         Insurance gainedCommission charge and commissionincome
    II. Total operating cost                                         9,270,962.00                         9,423,870.00
    Including:Operating cost                                        2,636,266.00                         2,871,722.00
         Interest expenseCommission chare and commissionexpense
         Cash surrender value
    Net amount of expense ofcompensationNet amount of withdrawal ofinsurance contract reserve
         Bonus expense of guarantee slip
         Reinsurance expense
         Operating tax and extras                                 371,339.00                           269,633.00
                                                          深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
         Sales expenses
          Administration expenses                           6,210,853.00                          6,404,547.00
    Financial expenses                                        52,504.00                          -122,032.00Losses of devaluation of assets
    Add :Changing income of fair value                                                                -25,480.00
    Investment income                                           -547,518.00                         -1,021,452.00Including:Investment income onaffiliate company and joint ventureExchange income
    III. Operating profit                                       -2,237,596.00                        -3,196,941.00
    Add :Non-operating income                                  1,725,229.00                            29,602.00
    Less:Non-operating expense                                  19,043.00                          2,982,915.00Including :Disposal loss of non-current
                                                               19,043.00assets
    IV. Total profit                                             -531,410.00                         -6,150,254.00Less:Income tax
    V. Net profit(“-”for net loss                             -531,410.00                         -6,150,254.00
    Including: Net profit realized by theentity taken over before the takeoverNet profit attributable to the
                                                             -531,410.00                         -6,150,254.00owners of parent company
    Minority shareholders’ equity
    VI. Earnings per share:                             --                                  --
    (I)Basic earnings per share                                          0                                 -0.04
    (II)Diluted earnings per share                                        0                                 -0.04
    VII. Other comprehensive income                              -800,754.00                          -126,050.00
    VIII. Total comprehensive income                            -1,332,164.00                        -6,276,304.00Total comprehensive income
    attributable to the owner of the parent                     -1,332,164.00                        -6,276,304.00companyTotal comprehensive incomeattributable minority shareholdersLegal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang Jinliang
                                                            深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文Person-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                                              1,359,820.00                             1,133,937.00
    Less:Business cost                                           2,768,487.00                             3,473,052.00
    Business tax and surcharge                                   125,097.00
      Sales expense
    Administrative expense                                         3,912,575.00                             4,075,596.00
    Financial expenses                                          -1,522,065.00                             -962,700.00Asset impairment loss
    Add:Gains from change of fir
                                                                                                           -25,480.00value (“-”for loss)
    Investment gain(“-”for loss)                                                                          11,022.00
    Incl: investment gains fromaffiliates
    II. Operational profit                                          -1,408,667.00                           -2,353,573.00
    Add:Non-business income                                       1,723,304.00                                 5,174.00
    Less:Non business expenses                                        6,927.00                             2,982,915.00
      Incl:Loss from disposal ofnon-current assets
    III.Total profit                                                  307,710.00                            -5,331,314.00
    Less:Income tax expenses
    IV. Net profit                                                    307,710.00                            -5,331,314.00
    V. Earnings per share                                --                                        --(I)Basic earnings per share(II)Diluted earnings per shareVII. Other comprehensive income
    VIII. Total comprehensive income                                  307,710.00                            -5,331,314.00Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang Jinliang
                                                            深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文Person-in -charge of the accounting organ:Ren Changzheng7. 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
                                                                8,629,764.00                            7,324,251.00rending of services
    Net increase of customerdeposits and capital kept forbrother company
    Net increase of loans fromcentral bank
    Net increase of inter-bankloans from 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,processing fee and commissionNet increase of inter-bank fund
    received
    Net increase of repurchasingbusiness
    Tax returnedOther cash received from business
                                                                1,414,842.00                             945,178.00operation
    Sub-total of cash inflow                                   10,044,606.00                            8,269,429.00Cash paid for purchasing of
    merchandise and servicesNet increase of client trade and
                                      深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文advanceNet increase of savings n centralbank and brother companyCash paid for original contractclaimCash paid for interest,processing fee and commissionCash paid for policy dividend
    Cash paid to staffs or paid for
                                        2,015,756.00                          2,200,990.00
    staffs
    Taxes paid                             1,614,901.00                          1,435,562.00
    Other cash paid for business
                                        3,626,268.00                          3,844,465.00activities
    Sub-total of cash outflow from
                                        7,256,925.00                          7,481,017.00
    business activities
    Cash flow generated by
                                        2,787,681.00                           788,412.00business operation, netII.Cash flow generated byinvestingCash received from investmentretrievingCash received as investment
                                                                                21,841.00
    gainsNet cash retrieved from disposal
    of fixed assets, intangible assets,     5,087,000.00                            30,000.00and other long-term assetsNet cash received from disposalof subsidiaries or otheroperational unitsOther investment-related cashreceivedSub-total of cash inflow due to
                                        5,087,000.00                            51,841.00investment activitiesCash paid for construction of
    fixed assets, intangible assets            94,091.00                           115,375.00and other long-term assetsCash paid as investmentNet increase of loan against
                                     深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文pledgeNet cash received fromsubsidiaries and other operationalunitsOther cash paid for investmentactivitiesSub-total of cash outflow due to
                                          94,091.00                           115,375.00investment activitiesNet cash flow generated by
                                       4,992,909.00                            -63,534.00
    investmentIII.Cash flow generated by
    financing
    Cash received as investment
    Incl: Cash received asinvestment from minorshareholders
    Cash received as loans
    Cash received from bond
    placing
    Other financing –related ash
    received
    Sub-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
                                      10,000,000.00financing activitiesNet cash flow generated by
                                      -10,000,000.00financingIV. Influence of exchange rate
    alternation on cash and cash            -544,224.00                           222,976.00equivalentsV.Net increase of cash and cash
                                       -2,763,634.00                          947,854.00equivalents
                                                            深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文
    Add: balance of cash and cash
    equivalents at the beginning of                                 52,227,262.00                          53,399,316.00termVI ..Balance of cash and cash
                                                                49,463,628.00                          54,347,170.00equivalents 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
                                                                 2,565,110.00                            1,133,937.00rending of services
    Tax returnedOther cash received from business
                                                                 2,244,972.00                            1,297,025.00operation
    Sub-total of cash inflow                                       4,810,082.00                            2,430,962.00
    Cash paid for purchasing ofmerchandise and services
    Cash paid to staffs or paid for
                                                                 1,419,576.00                            1,346,093.00
    staffs
    Taxes paid                                                       828,898.00                              634,383.00
    Other cash paid for business
                                                                 2,259,264.00                            2,552,863.00activities
    Sub-total of cash outflow from
                                                                 4,507,738.00                            4,533,339.00
    business activities
    Cash flow generated by
                                                                  302,344.00                            -2,102,377.00business operation, netII.Cash flow generated byinvestingCash received from investmentretrieving
                                      深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文Cash received as investment
                                                                                21,841.00
    gainsNet cash retrieved from disposal
    of fixed assets, intangible assets,     5,072,000.00                            30,000.00and other long-term assetsNet cash received from disposalof subsidiaries or otheroperational unitsOther investment-related cashreceivedSub-total of cash inflow due to
                                        5,072,000.00                            51,841.00investment activitiesCash paid for construction offixed assets, intangible assetsand other long-term assets
    Cash paid as investmentNet cash received fromsubsidiaries and other operationalunitsOther cash paid for investmentactivitiesSub-total of cash outflow due toinvestment activitiesNet cash flow generated by
                                        5,072,000.00                            51,841.00
    investmentIII.Cash flow generated byfinancing
    Cash received as investment
    Cash received as loans
    Cash received from bond
    placing
    Other financing –related ash
    received
    Sub-total of cash inflow fromfinancing activities
    Cash to repay debts                  10,000,000.00
    Cash paid as dividend, profit, orinterests
                                                            深圳中冠纺织印染股份有限公司 2013 年第三季度报告全文Other cash paid for financingactivities
    Sub-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
                                                              -4,625,656.00                        -2,050,536.00equivalents
    Add: balance of cash and cash
    equivalents at the beginning of                              17,293,510.00                         21,483,163.00termVI ..Balance of cash and cash
                                                             12,667,854.00                         19,432,627.00equivalents at the end of termLegal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng