1、 1Stock code:000045,200045 Stock Abbreviation:Shen Textile A,Shen Textile B No.of Announcement:2004-12 Shenzhen Textile(Holdings)Co.,Ltd.Report for the Third Quarter of 2004(B Shares)1 Important notes The Board of Directors of the Company hereby guarantees that there are no misstatement,misleading r
2、epresentation or important omissions in this report and shall assume joint and several liability for the authenticity,accuracy and completeness of the contents hereof.The quarterly financial and accounting report of the Company is unaudited.Mr.Guan Tongke,the board chairman of the Company,Mr.Liu Jun
3、hou,general manager in charge of finance and Mr.Liu Yi,the director of Finance Dept.,represent and warrant the financial and accounting report in the quarterly report is true and complete.2 Basic Information 2.1 Basic information Stock abbreviation Shen Textile A,Shen Textile B Stock code 000045,200
4、045 Board secretary Name Chao Jin Contact address 6/F,Shenfang Building,No.3 Huaqiang North Road,Futian District,Shenzhen Tel 0755-83776043 Fax 0755-83776139 E-mail 2.2 Financial data 2.2.1 Highlights of accounting data and financial indicators(Adjusted pursuant to international accounting standards
5、,Unit:000RMB)End of the report period End of the previous year Increase/decrease(%)Total assets 650163 715306-9.11 Shareholders equity 345228 351865-1.89 Net assets per share 1.408 2.153-34.6 July-September January-September Increase/decrease over the same 2period of the previous year(%)12401 35593
6、241.10 0.001 0.093-98.11 2.30 6.60-9.80 Note:1)The total share capital of the Company in the same period of the previous year was 163,416,000 shares.As of the end of the report period,the total share capital of the Company was 245,124,000 shares.2)The net profit of the Company was RMB 22.778 million
7、 after adjustment pursuant to international accounting standards,which is RMB 2.185 million more than that for A shares.The difference is mainly due to the writeback of the excessive provision of RMB 1.76 million for the depreciation of real estate of investment nature and the amortization of negati
8、ve goodwill of RMB 0.425 million pursuant to international accounting standards.3)The net assets of the Company were RMB 345.228 million after adjustment pursuant to international accounting standards,which are RMB 15.113 million more than that for A shares.The difference is mainly due to the writeb
9、ack of the excessive provision of RMB 19.904 million for the depreciation of real estate of investment nature,the writeback of the impairment of unconsolidated subsidiaries,the devalue of unconsolidated subsidiaries of RMB 0.166 million,the disposal of unconsolidated subsidiaries of RMB-1.697 millio
10、n and the amortization of intangible assets of RMB-3.26 million.2.2.2 Consolidated income statement As of September 30,2004 September 2003 September 2004 RMB000 RMB000 Revenue 332506 304767 Cost of sales 268546 234885 Gross profit 63960 69882 Net revenue of Other working 1551 1410 Selling and admini
11、strative expenses 44290 43094 Operating profit 21221 28198 425 425 Investment income/loss 5741 3897 Share of profit(loss)from associates 1545 1811 Financial expenses 4951 3592 Profit before tax 23981 30739 3Taxes 1263 3100 After-tax profit 22718 27639 Minority interest 197 4861 Net profit for the ye
12、ar 22521 22778 EPS(RMB)0.138 0.093 2.3 Total number of shareholders at the end of the report period Total number of shareholders at the end of the report period 18,658 Particulars about the shareholding of the top ten shareholders Name of shareholder(full name)Number of shares held at the end of yea
13、r(shares)Type Wang Bin 561,054 A 555,000 B Ge Ruming 492,000 B Liu Jinqun 393,592 B 360,000 B Chen Jingwen 345,000 B 316,055 B Yang Guoxiong 311,702 B 300,000 B Xu Ling 299,985 A 3 Discussion and analysis of the management 3.1 Brief analysis of the overall status of operating activities of the Compa
14、ny in the report period In the report period the industry the Company is engaged in and its business scope remained unchanged.While strengthening new product development and marketing and ensuring the steady development of the original subsidiaries,the Company completed the application for the const
15、ruction of factory buildings for phase-II project of Shenfang Lekai photoelectron material Co.,Ltd.and the introduction of phase-III equipment of Beauty Beauty Century Garment Co.,Ltd.In the report period the Companys production and operation was in good condition.It earned income of RMB 10.6156 fro
16、m main operation and net profit of RMB 7.746 million 3.1.1 Key line of business or product whose income or profit accounts for over 10%of total income from key business or profit from key business v Applicable Not applicable In terms of line of business Income from main operation Cost of main operat
17、ion Gross profit rate(%)Manufacturing industry 53206798.46 47544021.35 10.64 4Domestic and foreign trade 20749319.12 44741136.76 11.84 Property management and lease 9937465.24 0.00 100.00 Total 113893582.82 92285158.11 18.97 Of which:Related transactions 0.00 0.00 0.00 3.1.2 Seasonal and periodical
18、characteristics of the Companys operation Applicable v Not applicable 3.1.3 Profit structure of the report period the material change of the proportion of profit from key business,profit from other businesses,period expenses,investment income,subsidy income and net non-operating revenues and expense
19、s to total profit over the previous report period and the explanation of reasons Applicable v Not applicable 3.1.4 The material change of the key business and its structure over the previous report period and the explanation of reasons Applicable v Not applicable 3.1.5 The material change of the pro
20、fitability gross profit rate of the key business over the previous report period and the explanation of reasons Applicable v Not applicable 3.2 Important events,their influence and analysis of solutions Applicable v Not applicable 3.3 The change of accounting policies,accounting estimate and scope o
21、f consolidation,material accounting errors and explanation of reasons therefore Applicable v Not applicable 3.4 Relevant explanation of the board of directors and the supervisory committee under the circumstance where the financial statements of the Company have been audited and non-standard opinion
22、s have been given Applicable v Not applicable 3.5 The Companys on-going adjustment of disclosed annual operation plan or budget Applicable v Not applicable This Report has been prepared in both Chinese and English.In case of any discrepancy,the Chinese version shall prevail.October 23,2004 5Shenzhen
23、 Textile(Holdings)Co.,Ltd.Consolidated Profit and Loss Statement As of September 30,2004 September 2003 September 2004 RMB000 RMB000 Revenue 332506 304767 Cost of sales 268546 234885 Gross profit 63960 69882 Net revenue of Other working 1551 1410 Selling and administrative expenses 44290 43094 Opera
24、ting profit 21221 28198 Negative goodwill amortization 425 425 Investment income/loss 5741 3897 Share of profit(loss)from associates 1545 1811 Financial expenses 4951 3592 Profit before tax 23981 30739 Taxes 1263 3100 After-tax profit 22718 27639 Minority interest 197 4861 Net profit for the year 22
25、521 22778 EPS(RMB)0.138 0.093 Shenzhen Textile(Holdings)Co.,Ltd.Consolidated Balance Sheet As of September 30,2004 December 2003 September 2004 RMB000 RMB000 assets Non-current assets Property,plant and equipment 218107 200059 Investment in property 101372 101372 Construction in progress 7907 12042
26、Intangible assets 38 23 Interests in associates 28262 29066 Other investment 83102 88233 438788 430795 Current assets 6 Inventory 38753 33941 Accounts receivable 24375 32323 Prepayments,deposits and other receivables 82201 48692 Securities investment 3023 3212 Cash and bank balances 128166 101200 27
27、6518 219368 Total assets 715306 650163 Equity and liability Capital and Reserve Shares capital 163416 245124 Reserve 188449 100104 351865 345228 Minority interest 78787 84442 Non-current liabilities Long-term loans 4200 7350 Current liabilities Sight or credit to mature within one year 119100 93200
28、Accounts payable 17549 14432 Other payables and accrued expenses 120781 85027 Dividends payable 18483 18483 Income tax payable 4541 2001 280454 213143 Total equity and liabilities 715306 650163 Shenzhen Textile(Holdings)Co.,Ltd.Consolidated Cash Flow Statement As of September 30,2004 Cash flow from
29、operating activities Operating profit before taxation 30739 Adjustment items Depreciation and amortization 17400 Loss on disposal of property,plant and equipment 5749 Losses of unconsolidated subsidiaries 59 Share of profit/(loss)from associates 1811 Devalue reserves of securities investment 189 Ret
30、urn of Bad debt provision 1105 7Income from negative goodwill amortization 425 Interest income 1677 Interest expense 4519 Net cash inflow from operating activities before working capital 53259 Decrease of inventories 4812 Increase of accounts receivable 7948 Increase of prepayments,deposits and othe
31、r receivables 33509 decrease of accounts payable 3117 decrease of other payables and accrued expenses 34573 Interest payment and Net cash inflow from operating activities of before tax 45942 Income tax payment 5640 Interest payment 4709 Net cash inflow from operating activities 35593 Investing activ
32、ities Interests received 1677 Increase of Property,plant and equipment 9499 Increase of Construction in progress 4135 profits from affiliated companies 2377 Increase of Property,plant and equipment 1317 Increase of accounts receivable to affiliated company 138 Decrease of accounts payable to affilia
33、ted company(1443)Long-term investing(Increase)/decrease 2580 Net cash inflow/(outflow)from investing activities 12424 Financing activities Increase/Decrease of bank and other loans 25900 Increase of minority interests 7150 Cash dividend of division 31385 Net cash outflow from financing activities 50135 Increase/(decrease)of cash and cash equivalents 26966 Cash and cash equivalents at beginning of period 128166 Cash and cash equivalents at end of period 101200 Analysis of cash and cash equivalents:Cash and bank balances 10120
