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神州长城(000018)公告正文

中冠B:2014年第三季度报告全文(英文版)

公告日期:2014-10-30

                           深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文Shenzhen Victor Onward Textile Industrial Co., Ltd.
         The Third Quarterly Report 2014
                 October 2014
                                                           深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
                                             1. Important NotesThe Board of Directors,the Supervisory Committee, the directors, the supervisors, and executives of theCompany guarantee that there are no significant omissions, fictitious or misleading statements carried in theQuarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy andcompleteness of the Quarterly Report.All of the directors presented the board meeting at which this Quarterly Report was examined.Mr. Hu Yongfeng, The Company leader, Mr. Zhang Jinliang, Chief financial officer and the Mr..Ren Changzheng,the person in charge of the accounting department (the person in charge of the accounting )declare: the financialreport carried in this report is authentic and completed.
                                                                          深圳中冠纺织印染股份有限公司 2014 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 changedand accounting error correction or not.
    □ Yes    √ No
                                           End of the report period              End of last year                 Year-on –year change
         Gross assets(RMB)                           198,177,211.00                      170,502,789.00                           16.23%
    Net assets attributable to the
    shareholders of the listed company                     127,724,194.00                      126,320,072.00                             1.11%
              (RMB)
                                                                                           Between beginning of
                                                                Year-on             year                             Change from the same
                                          This report period                                the year to the end of
                                                                change9%)                                               period last year
                                                                                              the report period
    Operating income(RMB)                          2,954,687.00                    14.07%              8,032,138.00                     5.95%Net profit attributable to the
    shareholders of the listed company                 434,763.00                    -87.90%             1,173,093.00                 -320.75%(RMB)Net profit after deducting of
    non-recurring               gain/loss
                                                   434,869.00                   -182.19%             1,175,117.00                 -152.52%attributable to the shareholders oflisted company(RMB)Cash flow generated by business
                                                  --                       --                        4,348,453.00                   55.99%
    operation, net(RMB)
    Basic             earning           per
                                                        0.003                    -85.71%                     0.007                -320.75%share(RMB/Share)
    Diluted            gains            per
                                                        0.003                    -85.71%                     0.007                -320.75%share(RMB/Share)(RMB/Share)Weighted average income/asset
                                                        0.34%                     -2.74%                    0.87%                     1.32%ratio(%)Items and amount of non-current gains and losses√Applicable □Not applicable
                                                                                                                                     In RMB
                                                                          Amount from beginning of
                                Items                                                                                    Notes
                                                                          the year to the end of the
                                                            深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
                                                                report periodNet amount of non-operating income and expense except the
                                                                            -2,024.00aforesaid items
    Total                                                                       -2,024.00            --For the Companys 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 applicableNone of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the informationdisclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
                                                                        深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文(II) Total number of shareholders and shareholding of top 10 shareholders by the end of the report period(1) Total number of common shareholders and shareholding of top 10 common shareholders by the end of thereport period
                                                                                                                               In SharesTotal number of shareholders at the
                                                                                                                                   9,932end 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
                       Domestic Non-Union Holdings
                       State-owned legal            25.51%         43,141,032                      0Co., Ltd.
                       personSTYLE-SUCCESS Foreign Legal
                                                    14.46%         24,466,029                      0
    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 Real
                       Domestic Non-estate
                       State-owned legal             2.89%          4,890,000                      0Development Co.,
                       personltd.
                       Domestic Natural
    Zeng Ying                                            1.22%          2,070,600                      0
                       personShenzhen Textile
                       State-owned
    (Group)Holdings                                      1.02%          1,722,794                      0
                       Legal personLtd
    Liuzhou Ruiheng        Domestic Non-
    Mechatronics Co., State-owned legal                  1.02%          1,720,100                      0
    Ltd.                   person
                       Domestic Natural
    Jiang Jiayuan                                        0.58%            978,057                      0
                       person
    KGI ASIA               Foreign Legal
                                                     0.55%            927,450                      0
    LIMITED                person
                                                                    深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
                                    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
                                                                                                 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
                                                                                    4,890,000                              4,890,000
    Development Co., ltd.                                                                            shares
                                                                                                 Foreign shares
                                                                                                 placed in
    Zeng Ying                                                                           2,070,600                              2,070,600
                                                                                                 domestic
                                                                                                 exchange
    Shenzhen Textile (Group)Holdings                                                                 RMB Common
                                                                                    1,722,794                              1,722,794
    Ltd                                                                                              shares
    Liuzhou Ruiheng Mechatronics                                                                     RMB Common
                                                                                    1,720,100                              1,720,100
    Co., Ltd.                                                                                        shares
                                                                                                 RMB Common
    Jiang Jiayuan                                                                         978,057                               978,057
                                                                                                 shares
                                                                                                 Foreign shares
                                                                                                 placed in
    KGI ASIA LIMITED                                                                      927,450                               927,450
                                                                                                 domestic
                                                                                                 exchange
                                      Union Development Group Ltd. is the controlling shareholder of the above-mentionedExplanation on associated
                                      largest shareholder Shenzhen Union Holdings Ltd. and third shareholder Rich Crownrelationship
                                      Investment Co., Ltd. The other tradable shareholders neither knew whether there existsamong the aforesaid shareholders
                                      associated relationship between them.
                                                                        深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
                                          Among the shareholders above, Liuzhou Jiali Real estate Development Co., ltd. holdsParticipation of top 10 unconditional 2,668,900 shares of the Company through stock account with credit transaction and
                                          guarantee of Guohai Securities Co., Ltd. It holds 2, 221,100 shares through ordinary stock
                                          account. Liuzhou Ruiheng Mechatronics Co., Ltd. holds 1,720,100 shares of the Company
    common      share    shareholders    in
                                          through stock account with credit transaction and guarantee of Guohai Securities Co., Ltd.;
                                          Jiang Jiayuan holds 324,090 shares of the Company through stock account with credit
    securities margin trading (if any)        transaction and guarantee of Guangfa Securities Co., Ltd. It holds 653,967 shares through
                                          ordinary stock account.Agreed re-purchasing by the Companys top 10 shareholders of common shares and top 10 shareholders ofunconditional common shares in the report period□ Yes √ NoNo agreed re-purchasing is performed by the Companys shareholders in the report period.(2) Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of thereport period□ Applicable√ Not applicable
                                                                    深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文III. Significant EventsI. Major changes of main accounting statement items and financial indicators in the reporting period, as well asreasons for the changes√ Applicable □ Not applicable1.Analysis of the reason for big change of the items of balance sheet of the Company as of the end of the report period.
                                                                                                  In RMB
    Items                   September 30,2014           December 31, 2013          Amount of increased /       Proportion increased
                                                                                decreased                   decreased
    Monetary fund            93,890,512                    63,502,910                30,387,602                  47.85%
    Bill receivable                 0                      1,500,000                  -1,500,000                  -100%
    Other account receivable        49,971,992            22,663,345                 27,308,647                   120.50%1.Monetary fund increased by RMB 30,387,602, owing to the guarantee fee RMB 33,000,000 charged from clients.2.Bill receivable decreased by RMB 1,500,000, since it is due to acceptance.3.Other account receivable increased by RMB 27,308,647, owing to the guarantee fee RMB 33,000,000 chargedfrom clients and Union Group loan principal payments of RMB 6,291,275.2..In the report period, Analysis of the reason for big change of the items of profit statementIn the period from January 2014 to September 2014, the company earned operating income of RMB 8.03 millionon accumulative basis, which increased slightly compared with the same period last year of RMB 7,58 million;Net profit is RMB 1.17 million which realized the turnaround compared with the same period last year.⑴Analysis of reason for Increase of operating income:Increase rental property lease area this period to achieve rental income growth.⑵The Main reasons for profits:Mainly Due to equity method accounted for earnings losses of the investment enterprises Hangzhou Baydecreased RMB 1.59 million compared with last year.3.Analysis of the reason for big change of the items of cash flow statement of the Company in the report period.In the period from January 2014 to September 2014, Net increase of cash and cash equivalents increased byRMB0.15 million over the previous year, mainly due to pay RMB10 million loan to principal Union Group overthe same period last year, Pay RMB 6,291,275 loan principal to Union Group in current period.
                                                                                      In RMB
    Items                            This period   Same period of last year      Amount of                Proportion
                                                                                increased/decreased    Increased/ decreased
    Net cash flows arising form
    Operating activities                    4,348,453       2,787,681                  1,560,772                 55.99%Net cash flows from
    investing activities                   -95,474         4,992,909                  -5,088,383                -101.91%
                                                                       深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文Net cash flows from
    financing activities                     -6,291,275       -10,000,000                3,708,725                  -37.09%The influence of change
    in exchange rate                         -574,102         -544,224                   -29,878                     5.49%Net increase of cash and
    cash equivalents                         -2,612,398           -2,763,634              151,236                    -5.47%⑴At the end of the report period, Net cash flows from operating activities increase d by RMB 1,560,772 year onyear, Mainly due to increase income and savings;⑵In the report period, Net cash flows from investing activities decreased by RMB5,088,383 year on year, mainlydue to the disposal of fixed assets Machinery and equipment same period last year;⑶At the end of the report period, There were no net cash flows from financing activities increased byRMB3,708,725 year on year, mainly due to Union Group principal payments ;⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents decreasedby RMB29,878 year on year;⑸At the end of the report period, net increase in cash and cash equivalents increased by RMB151,236 year onyear.II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal√ Applicable □ Not applicableDuring the period of report, On June 16, 2014, the company started planning the reorganization of the major assets.The company disclosed the “Shenzhen Victor Onward Textile Industrial Co., Ltd. major assets and issue shares tobuy assets and plans to raise matching funds" and other related announcement on October 15, 2014. This planneeds to be subject to the Board and the shareholders' meeting. Currently the major asset reorganization relatedwork above is under way. Details refer to October 15, 2014, "Securities Times", "Hong Kong Commercial Daily"and www.cninfo.com.cn.
                                                                                        Description of the website for disclosing
    Description of provisional announcement                  Date of disclosing
                                                                                                provisional announcementsOn June 4, 2012, The company hasinstituted court action against below threecompanies at Jiangsu Province HigherPeople's Court, and asked to terminate thecontracts and agreements signed withNanjing East Asia Textile Printing &
                                                                                       Announcement No. 2012-0614,SecuritiesDyeing Co., Ltd., Nanjing East Asia
                                              June 16, 2012                            Times,Hong Kong Commercial Daily andInvestment & Development Group Co.,
                                                                                       www.cninfo.com.cnLtd. and Hong Kong Yaojunxing Co., Ltd.,who shall pay RMB47,922,902.92 to thecompany for the pecuniary loss ofimplicative compensation and undertake thecosts of litigation. The company hasreceived the Su-Shang-Wai-Chu-Zi
                                                                       深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文No.0002 (2012) of “Notice on IndictmentAcceptance and Collegial PanelAnnouncement” issued by Jiangsu ProvinceHigher People's Court on June 14, 2012.The Defendant Nanjing East Asia TextilePrinting and Dyeing Co., Ltd. madeobjection to the jurisdiction of this caseduring the period of defence submission.The court formed a collegial bench andconducted examination according to law.On December 24, 2013, Jiangsu HigherPeople's Court issued Civil Ruling Paper toreject the objection made by Nanjing EastAsia Textile Printing and Dyeing Co., Ltd.about the jurisdiction. ((2013) SSWXCZNo. 0001 Civil Ruling Paper of JiangsuHigher People's Court Civil Ruling Paper)“The Announcement on a part of ShenzhenVictor Onward Textile Industrial Co., Ltd.Factory Buildings Collected by theGovernment”, the Management Committeeof Shenzhen Dapeng District released “TheDecision Announcement on theManagement Committee of ShenzhenDapeng New District Collecting Houses”
                                                                                        Announcement No. 2014-0673,Securitieswhich says, the committee decided to
                                                 July 24, 2014                          Times,Hong Kong Commercial Daily andcollect the related housing estates located in
                                                                                        www.cninfo.com.cnKuixin community for the need to build apeoples hospital in Dapeng new district.The housing estates which would becollected this time include KuichongCompanys part of the buildings whichhavent got estate right certificate, and thearea of these buildings is 18,000 squaremeters.III.The commitments of the Company and its shareholders hold over 5% of the Companys total shares in the report year ofextending to the report year from previous year.√ Applicable □ Not applicable
                                                  Commitment                   Time of making       Period of
                Commitment                                          Contents                                      Fulfillment
                                                     maker                       commitment       commitment
    Commitment on share reform                       Union Holding   Committed     June 3, 2009     In effect       Under
                                                          深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
                                  Co., Ltd.       when the                                     Fulfillment
                                                  restricted-for-sal
                                                  e shares from
                                                  the shares
                                                  restructuring
                                                  were listed for
                                                  circulation in the
                                                  market: i. if they
                                                  plan to sell the
                                                  shares through
                                                  the securities
                                                  exchange
                                                  system in the
                                                  future, and the
                                                  decrease of the
                                                  shares they hold
                                                  reaches 5%
                                                  within 6 months
                                                  after the first
                                                  decrease, they
                                                  will disclose an
                                                  announcement
                                                  indicating the
                                                  sale through the
                                                  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
                                 Not applicablereport or the report on equity
                                                                     深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文changesCommitment made upon the assets
                                             Not applicablereplacement
    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 plan(If any)IV.Prediction of Business performance for January- March 2014Estimation 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 applicableV. Securities investment□ Applicable √ Not applicableThere is no securities investment during the report period.State of holding stocks of other PLCs□ Applicable √ Not applicableThe Company was not holding any stock of other PLCs as of the end of report period.VI. Derivative investment□ Applicable √ Not applicableThere is no derivative investment during the report period.VII. The registration form of acceptance of investigation, communication and interview in the report period forfuture reference□ Applicable √ Not applicableThe Period has no research, communication and written inquiry from the investors in the report period.VIII. Influence of the newly promulgated or amended accounting standards on our consolidated financialstatements
                                                          深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文□ Applicable √ Not applicableIV. Financial statements
    I.   Financial statements1.Consolidated Balance sheetPrepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
                                                                                                        In RMB
                       Items                 Year-end balance                  Year-beginning balanceCurrent asset:
      Monetary fund                                         93,890,512.00                        63,502,910.00
        Settlement provision
      Outgoing call loanFinancial assets measured at fair valuewith variations accounted into currentincome account
    Bill receivable                                                                              1,500,000.00
    Account receivable
      Prepayments                                                10,594.00                          25,192.00
    Insurance receivableReinsurance receivableProvisions of Reinsurance contractsreceivable
      Interest receivable                                                                           79,340.00
      Dividend receivable
    Other account receivable                                   336,514.00                         311,279.00
    Repurchasing of financial assets
    Inventories
      Assets held for sales
      Non-current asset due in 1 year
      Other current asset
    Total of current assets                                     94,237,620.00                        65,418,721.00Non-current assets:
      Loans and payment on others behalfdisbursed
                                           深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
    Disposable financial asset                   587,562.00                           582,942.00
    Expired investment in possessLong-term receivable
    Long term share equity investment          68,365,082.00                         66,931,685.00
    Property investment                        21,587,292.00                         23,458,153.00
    Fixed assets                               6,509,801.00                          7,191,205.00
    Construction in progressEngineering material
    Fixed asset disposal
    Production physical assetsGas & petrol
    Intangible assets                           1,790,230.00                          1,820,459.00R & D petrol
    Goodwill                                    5,099,624.00                          5,099,624.00Long-germ expenses to be amortizedDiffered income tax assetOther non-current asset
    Total of non-current assets                103,939,591.00                        105,084,068.00
    Total of assets                            198,177,211.00                        170,502,789.00Current liabilities
    Short-term loansLoan from Central BankDeposit received and hold for othersCall loan receivedFinancial liabilities measured at fairvalue with variations accounted intocurrent income account
    Bill payable
    Account payable                            3,197,332.00                          3,186,939.00
    Advance payment                             1,076,902.00                          1,076,531.00Selling of repurchased financial assetsFees and commissions receivable
    Employees wage payable                      1,013,087.00                          1,109,352.00
    Tax payable                                 3,456,070.00                          4,250,191.00Interest payable
                                       深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
    Dividend payable                         1,215,946.00                         1,215,946.00
    Other account payable                 49,971,992.00                         22,663,345.00Reinsurance fee payableInsurance contract provisionEntrusted trading of securitiesEntrusted selling of securities
    Liabilities held for salesNon-current liability due in 1 year
    Other current liability                   1,434,763.00                         1,547,263.00
    Total of current liability              61,366,092.00                         35,049,567.00Non-current liabilities:
    Long-term loan                          1,017,460.00                         1,101,349.00Bond payable
    Long-term payable                       8,295,913.00                         8,230,694.00Special payableExpected liabilities
    Differed income tax liability              675,180.00                           702,735.00
    Other non-current liabilities             836,792.00                           836,792.00
    Differed income                         10,825,345.00                         10,871,570.00
    Total of liability                      72,191,437.00                         45,921,137.00Owners equity
    Share capital                        169,142,356.00                        169,142,356.00
    Capital reserves                       39,645,048.00                         39,645,048.00
    Less:Shares in stockSpecial reserves
    Other comprehensive income
    Surplus reserves                      26,704,791.00                         26,704,791.00Common risk provision
    Undistributed profit                 -106,886,038.00                      -108,059,131.00
    Other Comprehensive Incomes               -881,963.00                         -1,112,992.00Total of owners equity belong to the
                                       127,724,194.00                        126,320,072.00parent company
    Minority shareholders equity             -1,738,420.00                        -1,738,420.00
    Total of owners equity                 125,985,774.00                        124,581,652.00
                                                          深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
    Total of liabilities and owners equity                     198,177,211.00                       170,502,789.00Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng2. Balance sheet of Parent CompanyPrepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
                                                                                                     In RMB
                   Items                     Year-end balance                  Year-beginning balanceCurrent asset:
    Monetary fund                                               44,163,899.00                        10,557,501.00Financial assets measured at fair valuewith variations accounted into currentincome account
    Bill receivable                                                                                  1,500,000.00Account receivable
    Prepayments
    Interest receivable
    Dividend receivable
    Other account receivable                                   81,526,295.00                        80,967,376.00InventoriesAssets held for sales
    Non-current asset due in 1 year
    Other current asset
    Total of current assets                                    125,690,194.00                        93,024,877.00Non-current assets:
    Disposable financial asset
    Expired investment in possessLong-term receivable
    Long term share equity investment                          36,788,953.00                        36,788,953.00
    Property investment                                         4,470,694.00                         4,723,575.00
    Fixed assets                                               4,384,712.00                         4,384,712.00
    Construction in progress
                                         深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文Engineering material
    Fixed asset disposal
    Production physical assetsGas & petrol
    Intangible assets                         1,790,230.00                          1,820,459.00R & D petrolGoodwillLong-germ expenses to be amortizedDiffered income tax assetOther non-current asset
    Total of non-current assets               47,434,589.00                         47,717,699.00
    Total of assets                          173,124,783.00                        140,742,576.00Current liabilities
    Short-term loansFinancial liabilities measured at fairvalue with variations accounted intocurrent income account
    Bill payable
    Account payable                            113,344.00                            113,344.00
    Advance payment                             302,540.00                           302,540.00
    Employees wage payable                      639,681.00                           677,181.00
    Tax payable                                 647,295.00                           767,076.00Interest payableDividend payable
    Other account payable                   34,241,346.00                          1,158,902.00
    Liabilities held for salesNon-current liability due in 1 year
    Other current liability                    1,434,763.00                          1,547,263.00
    Total of current liability                37,378,969.00                          4,566,306.00Non-current liabilities:
    Long-term loanBond payable
    Long-term payableSpecial payableExpected liabilities
                                                             深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
    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                                               42,395,899.00                             9,583,236.00Owners equity
    Share capital                                              169,142,356.00                             169,142,356.00
    Capital reserves                                                31,606,598.00                           31,606,598.00
    Less:Shares in stockSpecial reserves
    Other comprehensive income
    Surplus reserves                                                 26,309,287.00                           26,309,287.00
    Commonly risk Reserves
    Undistributed profit                                           -91,931,123.00                          -91,500,667.00
    Other Comprehensive Incomes                                       -4,398,234.00                           -4,398,234.00
    Total of owners equity                                       130,728,884.00                             131,159,340.00
    Total of liabilities and owners equity                       173,124,783.00                             140,742,576.00Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng3.Consolidated Profit statement of the report periodPrepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
                                                                                                                In RMB
                     Item                        Report period                    Same period of the previous year
    I. Income from the key business                                   2,954,687.00                             2,590,258.00
    Incl:Business income                                             2,954,687.00                             2,590,258.00
    Interest incomeInsurance fee earnedFee and commission received
    II. Total business cost                                           2,704,382.00                             2,642,927.00
    Incl:Business cost                                                 720,959.00                              562,953.00
      Interest expense
                                                深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文Fee and commission paid
    Insurance discharge payment
    Net claim amount paidInsurance policy dividend paidInsurance policy dividend paid
    Reinsurance expenses
    Business tax and surcharge                      95,048.00                           140,673.00
    Sales expense
    Administrative expense                           2,056,474.00                          2,160,795.00
    Financial expenses                             -168,099.00                          -221,494.00Asset impairment lossAdd:Gains from change of fir value(“-”for loss)
    Investment gain(“-”for loss)                  184,564.00                          -476,435.00
    Incl: investment gains from affiliates           -857,157.00                            71,083.00
    Gains from currency exchange(“-”for loss)
    III. Operational profit(“-”for loss              434,869.00                          -529,104.00
    Add:Non-business income                             4,894.00                          1,721,300.00
    Less:Non business expenses                          5,000.00                         -2,400,000.00Incl:Loss from disposal of non-current
                                                     -1,918.00assets
    IV.Total profit(“-”for loss)                      434,763.00                          3,592,196.00Less:Income tax expenses
    V. Net profit(“-”for net loss                    434,763.00                          3,592,196.00Including: Net profit realized by theentity taken over before the takeoverNet profit attributable to the owners of
                                                    434,763.00                          3,592,196.00parent company
    Minority shareholders equity
    VI. Earnings per share:                   --                                  --
    (I)Basic earnings per share                           0.003                                 0.021
    (II)Diluted earnings per share                         0.003                                 0.021
    VII. Other comprehensive income                     -31,560.00                          -191,503.00Including: other comprehensive income
                                                    -31,560.00                          -191,503.00items that will not be reclassified into
                                                            深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文gains/losses in the subsequentaccounting periodOther comprehensive incomes that canbe reclassified into gains/losses in thesubsequent accounting period whencertain conditions are satisfied
    VIII. Total comprehensive income                                  403,203.00                             3,400,693.00Total comprehensive income
    attributable to the owner of the parent                           403,203.00                             3,400,693.00companyTotal comprehensive incomeattributable minority shareholdersLegal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng4. Profit statement of the Parent Company of the Report periodPrepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
                                                                                                              In RMB
                    Items                       Report period                   Same period of the previous year
    I. Income from the key business                                   946,830.00                              451,350.00
    Incl:Business cost                                              84,294.00                                84,294.00
    Business tax and surcharge                                         33,459.00                                48,828.00
    Sales expense
    Administrative expense                                          1,190,456.00                            1,223,695.00
    Financial expenses                                           -453,871.00                              -751,459.00Asset impairment loss
    Add:Gains from change of fir value(“-”for loss)
    Investment gain(“-”for loss)
    Incl: investment gains from affiliates
    II. Operational profit(“-”for loss                              92,492.00                              -154,008.00
    Add:Non-business income                                                                                1,721,304.00
    Less:Non business expenses                                        5,000.00                            -2,400,000.00
                                                           深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文Incl:Loss from disposal of non-currentassets
    III.Total profit(“-”for loss)                                  87,492.00                           3,967,296.00Less:Income tax expenses
    IV. Net profit(“-”for net loss)                              87,492.00                           3,967,296.00
    V. Earnings per share:                               --                                     --(I)Basic earnings per share(II)Diluted earnings per shareVI. Other comprehensive incomeIncluding: other comprehensive incomeitems that will not be reclassified intogains/losses in the subsequentaccounting periodOther comprehensive incomes that canbe reclassified into gains/losses in thesubsequent accounting period whencertain conditions are satisfied
    VII. Total comprehensive income                                  87,492.00                           3,967,296.00Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng5. Consolidated Profit statement between the beginning of the year and end of the report periodPrepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
                                                                                                           In RMB
                   Items                   Amount in this period                   Amount in last period
    I. Total operating income                                     8,032,138.00                           7,580,884.00
    Including:Operating income                                   8,032,138.00                           7,580,884.00
         Interest income
          Insurance gainedCommission charge and commissionincome
    II. Total operating cost                                      7,898,742.00                           9,270,962.00
    Including:Operating cost                                     2,166,988.00                           2,636,266.00
          Interest expense
                                                 深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文Commission 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                   351,188.00                           371,339.00
         Sales expenses
          Administration expenses                  5,607,384.00                          6,210,853.00
    Financial expenses                             -226,818.00                            52,504.00Losses of devaluation of assetsAdd :Changing income of fair value
    Investment income                                 1,041,721.00                          -547,518.00Including:Investment income onaffiliate company and joint ventureExchange income
    III. Operating profit                              1,175,117.00                         -2,237,596.00
    Add :Non-operating income                             4,894.00                          1,725,229.00
    Less:Non-operating expense                          6,918.00                            19,043.00Including :Disposal loss of non-current
                                                                                           19,043.00assets
    IV. Total profit                                   1,173,093.00                          -531,410.00Less:Income tax
    V. Net profit(“-”for net loss                   1,173,093.00                          -531,410.00Including: Net profit realized by theentity taken over before the takeoverNet profit attributable to the owners of
                                                   1,173,093.00                          -531,410.00parent company
    Minority shareholders equity
    VI. Earnings per share:                    --                                  --
    (I)Basic earnings per share                            0.007                                 -0.003
    (II)Diluted earnings per share                          0.007                                 -0.003
    VII. Other comprehensive income                      231,029.00                          -800,754.00
                                                           深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文Including: other comprehensive incomeitems that will not be reclassified into
                                                                 231,029.00                              -800,754.00gains/losses in the subsequentaccounting periodOther comprehensive incomes that canbe reclassified into gains/losses in thesubsequent accounting period whencertain conditions are satisfied
    VIII. Total comprehensive income                               1,404,122.00                            -1,332,164.00Total comprehensive income
    attributable to the owner of the parent                        1,404,122.00                            -1,332,164.00companyTotal comprehensive incomeattributable minority shareholdersLegal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng6.Profit Statement of the Parent Between the Beginning of the Year and End of the Report PeriodPrepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
                                                                                                             In RMB
                    Items                      Report period                   Same period of the previous year
           I. Business income                                  1,988,275.00                             1,359,820.00
    Less:Business cost                                            252,880.00                              252,880.00
    Business tax and surcharge                                  105,214.00                              125,097.00
    Sales expense
    Administrative expense                                        3,370,708.00                             3,912,575.00
    Financial expenses                                         -1,315,071.00                           -1,522,065.00Asset impairment lossAdd:Gains from change of fir value(“-”for loss)
    Investment gain(“-”for loss)Incl: investment gains from affiliates
    II. Operational profit                                          -425,456.00                            -1,408,667.00
    Add:Non-business income                                                                               1,723,304.00
                                                          深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
    Less:Non business expenses                                       5,000.00                             6,927.00Incl:Loss from disposal of non-currentassets
    III.Total profit                                              -430,456.00                            307,710.00
    Less:Income tax expenses
    IV. Net profit                                                -430,456.00                            307,710.00
    V. Earnings per share                               --                                   --(I)Basic earnings per share(II)Diluted earnings per shareVI. Other comprehensive incomeIncluding: other comprehensive incomeitems that will not be reclassified intogains/losses in the subsequentaccounting periodOther comprehensive incomes thatcan be reclassified into gains/losses inthe subsequent accounting periodwhen certain conditions are satisfied
    VII. Total comprehensive income                               -430,456.00                            307,710.00Legal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren Changzheng7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report PeriodPrepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
                                                                                                         In RMB
                   Items                   Amount in this period                Amount in last periodI.Cash flows from operating activitiesCash received from sales of goods or
                                                             9,532,138.00                         8,629,764.00
           rending of services
    Net increase of customer depositsand capital kept for brother companyNet increase of loans from central bank
                                            深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文Net increase of inter-bank loans fromother financial bodiesCash received against original insurancecontractNet cash received from reinsurancebusinessNet increase of client deposit andinvestmentNet increase of trade financial assetdisposalCash received as interest, processing fee
    and     commissionNet increase of inter-bank fund receivedNet increase of repurchasing business
      Tax returnedOther cash received from business
                                              1,046,340.00                          1,414,842.00operation
      Sub-total of cash inflow               10,578,478.00                         10,044,606.00Cash paid for purchasing of
                                                      0.00merchandise and services
    Net increase of client trade and advance              0.00Net increase of savings n central bank
                                                      0.00and brother company
    Cash paid for original contract claim                 0.00Cash paid for interest, processing fee
                                                      0.00and commission
    Cash paid for policy dividend                        0.00
    Cash paid to staffs or paid for staffs        1,690,315.00                          2,015,756.00
    Taxes paid                                   1,558,050.00                          1,614,901.00
    Other cash paid for business activities       2,981,660.00                          3,626,268.00Sub-total of cash outflow from business
                                              6,230,025.00                          7,256,925.00
    activitiesCash flow generated by business
                                              4,348,453.00                          2,787,681.00operation, netII.Cash flow generated by investingCash received from investment
                                                      0.00retrieving
                                             深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
    Cash received as investment gains                      0.00Net cash retrieved from disposal of
    fixed assets, intangible assets, and other             0.00                          5,087,000.00long-term assetsNet cash received from disposal of
                                                       0.00subsidiaries or other operational units
    Other investment-related cash received                 0.00Sub-total of cash inflow due to
                                                       0.00                          5,087,000.00investment activitiesCash paid for construction of
    fixed assets, intangible assets                   95,474.00                            94,091.00and other long-term assets
    Cash paid as investment                                0.00
    Net increase of loan against pledge                    0.00Net cash received from subsidiaries and
                                                       0.00other operational unitsOther cash paid for investment
                                                       0.00activitiesSub-total of cash outflow due to
                                                  95,474.00                            94,091.00investment activities
    Net cash flow generated by investment            -95,474.00                          4,992,909.00III.Cash flow generated by financingCash received as investmentIncl: Cash received as investment fromminor shareholdersCash received as loansCash received from bond placingOther financing –related ash receivedSub-total of cash inflow from financingactivities
    Cash to repay debts                            6,291,275.00                         10,000,000.00Cash paid as dividend, profit, orinterestsIncl: Dividend and profit paid bysubsidiaries to minor shareholdersOther cash paid for financing activities
    Sub-total of cash outflow due to               6,291,275.00                         10,000,000.00
                                                          深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文financing activities
    Net cash flow generated by financing                        -6,291,275.00                       -10,000,000.00IV. Influence of exchange rate
                                                              -574,102.00                             -544,224.00alternation on cash and cash equivalentsV.Net increase of cash and cash
                                                            -2,612,398.00                        -2,763,634.00equivalentsAdd: balance of cash and cash
                                                            63,502,910.00                        52,227,262.00equivalents at the beginning of termVI ..Balance of cash and cash
                                                            60,890,512.00                        49,463,628.00equivalents 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 of the Parent Between the Beginning of the Year and End of the Report PeriodPrepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.                                                                                                          In RMB
                   Items                   Amount in this period                Amount in last periodI.Cash flows from operating activitiesCash received from sales of goods or
                                                             3,411,993.00                         2,565,110.00rending of services
    Tax returnedOther cash received from business
                                                             1,571,917.00                         2,244,972.00operation
    Sub-total of cash inflow                                     4,983,910.00                         4,810,082.00Cash paid for purchasing ofmerchandise and servicesCash paid to staffs or paid for
                                                             1,131,507.00                         1,419,576.00staffs
    Taxes paid                                                    810,942.00                              828,898.00
    Other cash paid for business activities                      2,435,063.00                         2,259,264.00Sub-total of cash outflow from business
                                                             4,377,512.00                         4,507,738.00
    activities
    Cash flow generated by business                               606,398.00                              302,344.00
                                             深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文operation, netII.Cash flow generated by investingCash received from investmentretrievingCash received as investment gainsNet cash retrieved from disposal of
    fixed assets, intangible assets, and other                                           5,072,000.00long-term assetsNet cash received from disposal ofsubsidiaries or other operational unitsOther investment-related cash receivedSub-total of cash inflow due to
                                                                                     5,072,000.00investment activitiesCash paid for construction offixed assets, intangible assetsand other long-term assets
    Cash paid as investmentNet cash received from subsidiaries andother operational unitsOther cash paid for investmentactivitiesSub-total of cash outflow due toinvestment activities
    Net cash flow generated by investment                                                5,072,000.00III.Cash flow generated by financing
    Cash received as investment
    Cash received as loansCash received from bond placingOther financing –related ash receivedSub-total of cash inflow fromfinancing activities
    Cash to repay debts                                                               10,000,000.00Cash paid as dividend, profit, orinterestsOther cash paid for financing activitiesSub-total of cash outflow due to
                                                                                    10,000,000.00financing activities
                                                          深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
    Net cash flow generated by financing                                                            -10,000,000.00IV. Influence of exchange ratealternation on cash and cash equivalentsV.Net increase of cash and cash
                                                              606,398.00                         -4,625,656.00equivalentsAdd: balance of cash and cash
                                                            10,557,501.00                        17,293,510.00equivalents at the beginning of termVI ..Balance of cash and cash
                                                            11,163,899.00                        12,667,854.00equivalents at the end of termLegal representative :Hu YongfengPerson-in-charge of the accounting work:Zhang JinliangPerson-in -charge of the accounting organ:Ren ChangzhengII. Auditors reportWhether the Q3 report is audited□ Yes √ NoThe Q3 Report is not audited.