1、,Shenzhen Textile (Holdings) Co., Ltd.,2010 Annual Report,April 2011,0,I.,II.,III.,IV.,V.,VI.,VII.,IX.,Table of ContentsImportant notesBrief Introduction of the CompanyHighlights of Accounting Data and Business DataParticulars about the Changes of Share Capital and ShareholdersDirectors, Supervisors
2、, Senior Executives and StaffControl Structure of the CompanyBrief Introduction of Shareholders General Meeting,VIII.X.XI.XII.,Report of the Board of DirectorsRepot of the Supervisory CommitteeImportant EventsSubsequent eventsFinancial Reports1,I.,Important notes1.The Board of Directors of the Compa
3、ny hereby guarantees that there are nomisstatement, misleading representation or important omissions in this report and shallassume joint and several liability for the authenticity, accuracy and completeness of thecontents hereof.This summary of the annual report is extracted from the full text of t
4、he annual report.The full text of the report was published on simultaneously.Investors should read the full text of the annual report carefully to know the details.2 .Shenzhen Pengcheng Certified Public Accountants Has auditors the Companysfinancial report and produced a standard unqualified audit
5、report for the Company.3. Mr.Wang Bin, Chairman of the board, Mr. Zhu Jun, General Manager ， Mr.Liu Yi,Manager of,accounting ,Mr. Xiang Dong , Chief Financial officer represent and,warrant the financial and accounting report in the annual report is true and complete.2,II. Brief Introduction of the C
6、ompany,1. Statutory name of the Company: In Chinese:深圳市纺织（集团）股份有限公司In English: SHENZHEN TEXTILE (HOLDINGS) CO., LTD.English abbreviation: STHC,2. Legal representative: Wang Bin,General manager of the Company:Zhu Jun3.Secretary to the board of directors: Chao Jin,Securities affair representative：Liao
7、 Ruiyan,Contact Address: 6/F, Shenfang Building, 3 Huaqiang North Road, Futian District, ShenzhenZipCode: 518031,Tel : 0755-3776043Fax : 0755-3776139,E-mail: ,,4. Registered Address: 6/F, Shenfang Building, No.3 Huaqiang North Road, Futian District,Shenzhen,Office Address: 6/F, Shenfang Building, No
8、.3 Huaqiang North Road, Futian District,Shenzhen,Zip Code: 518031,Website: http:/,E-mail : ,5. Newspapers for Information Disclosure: Securities Times, Hong Kong Commercial DailyInternet Web Site for Publishing the Annual Report: http:/,The Place Where the Annual Report is Prepared and Placed: The S
9、ecretariat of the Company6. Stock exchange for listing: Shenzhen Stock Exchange,Stock abbreviation: Shen Textile A ,Shen Textile B,Stock code : 000045 2000457. Other Relevant Information :,The date of first registration of the Company: August 1994,The date of change in registration of the Company: N
10、ovember 2011.,Registered Address: 6/F, Shenfang Building, No.3 Huaqiang North Road, Futian District,Shenzhen,Registration No. of Legal Entity Business License: 440301105031014Tax Registration No.: Di Shui Deng Zi No.: 440304192173749,Guo Shui Deng Zi No.: 440301192173749,Certified public accountants
11、 retained by the Company: Name: Shenzhen PengchengCertified Public Accountants,Business address：7/F, A Building, United Plaza, No.5022, Binhe Road, Futian District,Shenzhen ,China.,3,III. Highlights of Accounting Data and Business Data(I) Main profit indicators of report yearUnit ：（RMB）,ItemsOperati
12、on profitTotal profitNet profit attributable to shareholders of the listedcompanyNet profit after deducting of non-recurring gain/lossattributable to the shareholders of the listed companyCash flow generated by business operation, netNotes ：1. Items and amount of non-recurring gains and lossItemsThe
13、 gains from disposal of non-current assetsGovernmental Subsidy accounted as current gain/loss.The disposal available-for-sale financial assets gains returnon investment;Net amount of non-operating income and expense except theaforesaid itemsAmount of influence of income taxTotal,Amount(RMB)37,412,78
14、3.1547,917,862.6140,709,271.2222,279,756.1556,893,780.45Amount-13,674.2910,201,057.1712,252,760.25317,696.58-4,328,324.6418,429,515.07,Notes ：（1）The gains and losses from the disposal of non-current assets are mainly the gainsand losses from the disposal of the fixed assets of the Company.（ 2 ） The
15、governmental subsidies recorded in profit & loss of this period are theamortizations of the subsidy for the “technology development of TFT-LCD polaroidengineering” program, the special national subsidy fund for the industrialization of newprototype flat panel display, the deferred proceeds from the
16、special textile fund and received,currently then confirmed as current term profit,by Shenzhen Finance Bureau, the,allowance for Canton Fair and financial aid for renovation by Futian Commerce Chamber,the subsidy from the Futian District government, the loan interest discount from ShenzhenFinance Bur
17、eau and the relevant fund of the technology industrialization project.（3）The investment income from financial assets available for sale is the income fromthe Companys sale of negotiable shares of Shenzhen Victor Onward Textile Industrial Co.,Ltd（Stock code：000018,“Shen victor onward”）.2. The differe
18、nces between domestic and international accounting standardsThe financial reports prepared by the Company according to domestic and internationalaccounting standards are consistent.4,3The variance between the audited net profits and the brief business results report isRMB 3.349 million, 8.96% of the
19、 total, which Main results from 1）File Shen Di Shui FuJian Bei Gao (2011)0307011 that the subsidiary Shenzhen Shengbo PhotoelectricTechnology Co., Ltd. received on February 24, 2011, according to which the subsidiary isentitled to the 15% enterprise income tax rate for new hi-tech businesses while t
20、he 22% taxrate was applied because it had not been granted approval for the tax reduction when thebrief business results report was being compiled; 2）the income tax reduction caused by theapplication of the r&d fee from revenue bureau and development expenses for tax reductionpurpose on March 2011.(
21、II) Main Accounting Data and Financial Indicators over the Past Three Years as at theEnd of the Report Period1. Main accoubnting dateUnit:RMB,2010,2009,Changed over last year（）,2008,Operating incomeTotal profit,637,801,565.4047,917,862.61,488,073,309.5343,030,992.34,30.68%11.36%,364,153,360.2650,627
22、,867.06,Net profit,attributable to theshareholders of the,40,709,271.22,38,015,487.14,7.09%,45,992,557.32,listed companyNet profit afterdeducting ofnon-recurring,gain/loss,22,279,756.15,19,156,072.72,16.31%,-4,330,649.46,attributable to theshareholders oflisted companyCash flow generated,by business
23、,56,893,780.45,47,339,654.25,20.18%,31,011,247.27,operation, net,End of 2010,End of 2009,Changed over last year（）,End of 2008,Gross Assets,1,655,422,298.41,802,562,856.93,106.27%,565,791,088.77,Shareholders equity,attributable toshareholders of the,1,345,969,224.97,493,246,297.27,172.88%,417,227,296
24、.51,listed company,Capital stock,336,521,849.00,245,124,000.00,37.29%,245,124,000.00,2. Main Financial IndicatorsUnit:RMB5,2010,2009,Changed over last（）,2008,Basic gains pershare(RMB/Share)Diluted gains pershare(RMB/Share),0.140.14,0.160.16,-12.50%-12.50%,0.190.19,Basic earning per share,after deduc
25、ting ofnon-recurring,0.08,0.08,0.00%,-0.02,gains/losses(RMB/Share),Net income on asset, fullydiluted(%),4.74%,8.88%,Decreased by 4.14%,11.91%,Net income on asset, fully,diluted and deducted,2.59%,4.48%,Decreased by1.89%,-1.12%,non-recurring gain/loss(%)Net cash flow per share,generated by business,0
26、.17,0.19,-10.53%,0.13,operation (RMB/Share)End of 2010 End of 2009 Changed over last year（）End of 2008Net asset per share,attributable to shareholdersof the listed,4.00,2.01,99.00%,1.70,company(RMB/Share)IV. Particulars about the Changes of Share Capital and Shareholders(I).Statement of changes in s
27、haresUnit: shares6,0,0,Before this change,Increase/decrease this time (+ , - )Transfe,After this change,Amount,Proportio Issuing of Bonusn new share shares,rredfromreserve,Other,Subtotal,Amount,Proportion,s1. Shares with,conditional,122,626,0.05%,91,397,849,-47,588 91,350,261 91,472,887,27.18%,subsc
28、ription1.State-ownedshare2.State-owned,legal person,56,184,935,56,184,935 56,184,935,16.70%,shares,3.Otherdomestic shares,35,212,914,35,212,914 35,212,914,10.46%,Incl：Non-state,owned domesticlegal person,35,212,914,35,212,914 35,212,914,10.46%,sharesDomestic,nature personshares4.ForeignshareholdingI
29、ncl：Overseaslegal personsharesForeignnature personshares,0.00%0.00%0.00%0.00%,5. Executiveshares,122,626,0.05%,-47,588,-47,588,75,038,0.02%,IIShares with,unconditional,245,001,374 99.95%,47,588,47,588 245,048,962,72.82%,subscription,1.Commonshares in RMB,195,576,412 79.79%,47,588,47,588 195,624,000,
30、58.13%,2.Foreign shares,in domestic,49,424,962 20.16%,49,424,962,14.69%,market3.Foregn sharesin overseasmarket4.Other,III.Total ofshares,245,124,000 100.00%,91,397,849,0 91,397,849 336,521,849 100.00%,Change in conditional sharesUnit：Shares,Name of theshareholder,Conditional shares at Released Incre
31、ased thisbeginning this year yearof year,Conditionalshares at end ofyear,Reason ofcondition,Date of releasing,Shenzhen,Subscribed,InvestmentManagement Co.,37,634,408,37,634,408,Non-publicissuing shares,August 9, 2013,Ltd.,7,in 2010,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,ShenzhenShenchaoTechnologyInvestme
32、nt Co.,Ltd.,16,129,032,16,129,032,SubscribedNon-publicissuing sharesin 2010,August 9, 2013,Zhejiang Silicon,Valley Tiantang,Subscribed,KunchengChuangye,14,245,161,14,245,161,Non-publicissuing shares,August 9, 2011,Investment Co.,in 2010,Ltd.Subscribed,Huabao IntrustCo., Ltd.,10,215,053,10,215,053,No
33、n-publicissuing shares,August 9, 2011,in 2010,PICC HealthInsurance Co.,Ltd.- UniversalInsuranceProduction,8,602,150,8,602,150,SubscribedNon-publicissuing sharesin 2010,August,9, 2011,ChangzhouInvestmentGroup Co., Ltd.,2,421,495,2,421,495,SubscribedNon-publicissuing sharesin 2010,August 9, 2011,China
34、 Peoples,Life insurance,Subscribed,Co.,Ltd.-Dividend,2,150,550,2,150,550,Non-publicissuing shares,August 9, 2011,IndividualDividend,in 2010,Li Jingqiang,47,588,47,588,0 Director shares November 4, 2010,Zhou MeirongZhu Meizhu,5,288（B）69,750（B）,5,288(B)69,750(B),SupervisorsharesExecutiveshares,Total,1
35、22,626,47,588,91,397,849,91,472,887,(II) The information of issuing shares in the previous three years by the end of the reportperiodIn July 2010, the company issued 91,397,849 shares of common stocks at the price of RMB9.30 to some specific investors according to Zheng Jian License 2010882 by China
36、 SecuritiesRegulatory Commission (briefly “CSRC”), and the new shares started to be traded on ShenzhenSecurities Exchange on August 9, 2010. As the blackout period lasts 36 months, the 53,763,440shares issued to Shenzhen Investment Holding Co., Ltd. and Shenzhen Shenchao TechnologyInvestment Co., Lt
37、d. can be publicly traded from August 9, 2013; and the 37,634,409 shares issuedto the 4 institutional investors can be publicly traded from August 8, 2011 as the blackout period is12 months. With this private placement, the total capital stock of the company changes from245,124,000 to 336,521,849 sh
38、ares.(III) Introduction to Shareholders1. As of December 31, 2010, the Company had 12,879 shareholders in total including Threeshareholder of state-owned shares, 6,754 shareholders of A shares and 6,125 shareholders of Bshares.8,0,0,0,0,0,0,0,0,0,0,2. Particulars of the shareholding of the top ten s
39、hareholders as of December 31, 2010:Unit：Shares,Total of shareholdersTop 10 shareholders,12,879,Name of the shareholderShenzhen InvestmentManagement Co., Ltd.,Properties ofshareholderState-ownedlegal person,Shareproportion Total shares%54.27% 182,611,460,Conditionalshares37,634,408,Pledged orfrozen,
40、Shenzhen Shenchao Technology State-ownedInvestment Co., Ltd. legal personZhejiang Silicon ValleyDomestic non-,4.79%,16,129,032,16,129,032,Tiantang Kuncheng Chuangye,State-owned,4.23%,14,245,161,14,245,161,Investment Co., Ltd.,legal personDomestic non-,Huabao Intrust Co., Ltd.,State-owned,3.04%,10,21
41、5,053,10,215,053,legal person,PICC Health Insurance Co.,Domestic non-,Ltd.- Universal Insurance,State-owned,2.56%,8,602,150,8,602,150,Production,legal person,Agricultural Bank of ChinaChina post Flexibleconfiguration Mixed Securitiesinvestment fundAgricultural Bank of ChinaHuaxia Renaissance StockSe
42、curities investment Fund.,Domestic non-State-ownedlegal personDomestic non-State-ownedlegal person,1.84%0.75%,6,201,4602,509,809,Changzhou Investment GroupCo., Ltd.,State-ownedlegal person,0.72%,2,421,495,2,421,495,China Peoples Life insurance,Domestic non-,Co., Ltd.-Dividend Individual,State-owned,
43、0.64%,2,150,550,2,150,550,Dividend,legal person,China Opportunities H-B Fund,Foreignperson,legal,0.32%,1,077,269,Top 10 holders of unconditional shares,Name of the shareholder,Unconditional shares,Type of shares,Shenzhen Investment Management Co., Ltd.Agricultural Bank of ChinaChina Post Coreadvanta
44、ges flexible Mixed Securities InvestmentFundAgricultural Bank of ChinaHuaxia RenaissanceStock Securities investment Fund.,144,977,052 RMB Common shares6,201,460 RMB Common shares2,509,809 RMB Common shares,China Opportunities H-B Fund,1,077,269,Foreign shares placedin domestic exchange,Ge Sugang,1,0
45、10,566 RMB Common shares,Zheng Bang(Sheng),965,000,Foreign shares placedin domestic exchange,Shenzhen Zhongnan Liankang Technology Co.,Ltd.,916,603 RMB Common shares,Xu RuijiangLiu Hong,757,188710,000,Foreign shares placedin domestic exchangeForeign shares placedin domestic exchange,Beijing Fringsta
46、n Investment Consultation Co.,Ltd.,700,000 RMB Common shares,Notes to the related relationship The Chinese legal person Shenzhen Shenchao Technology,between the top ten,Investment Co., Ltd. is a 100% subsidiary of Shenzhen9,action,100%,shareholders or their concerted Investment Holding Co., Ltd, whi
47、ch thus is a person acting inconcert. There is no affiliation among the other state-ownedlegal persons as a shareholder.Except this, the Company doesnot know whether there is relation between social publicshareholders or whether they are persons taking concerted actiondefined in Regulations on Discl
48、osure of Information aboutShareholding of Shareholders of Listed Companies.Among the above shareholders, the ten holding shares on behalf of the state is ShenzhenInvestment Management Co.Ltd., Shenzhen Shenchao Technology Investment Co., Ltd. and ChangzhouInvestment Group Co., Ltd. , China Opportuni
49、ties H-B Fund , Zheng Bang(Sheng), Xu Ruijiang andLiu Hong are holding foreign investment shares.3. Introduction to the Controlling shareholder of the Company(1) The shares held by :Shenzhen Investment Management Co., Ltd. account for 54.26% of thetotal share capital of the Company. Legal representa
50、tive:Fan Mingchun, Date of establishment:October 13, 2004; Registered capital: RMB 4.6 billion. It is a solely state-owned company inShenzhen. Business scope: Providing guarantee to municipal state-owned enterprises, managingstate-owned equity of enterprises other than those directly supervised by M
51、unicipal State-ownedAssets Commission, conducting asset reorganization, system transformation and capital operationof affiliated enterprises, making investment and doing other businesses authorized by the MunicipalState-owned Assets Commission.(2) The controlling shareholders person acting in concer
52、t Shenzhen Shenchao TechnologyInvestment Co., Ltd. holds 4.79% of the company shares, Legal representative:：Lou Chao，Date ofestablishment: November 9, 2001，Registered capital : RMB 180 million，It is a solely state-ownedcompany in Shenzhen. representing Shenzhen municipal government as the operating
53、institution toaid the development of the integrated circuits and new prototype flat panel display industry. Itengages itself in the relevant loan use, construction of factory buildings and the services forinvestors to attract business and investment, e.g., consultancy, project negotiation, land sele
54、ction,investment environment assessment, preferential policy application, project financing, applicationfor project establishment, construction projects etc.（3）National Assets Regulatory Commission of Shenzhen Municipal Peoples Government is the actualcontroller of the Company. Indirectly holds 59.06% of the company shares.The chart of property right relationship between the Company and its actual controller:National Assets RegulatoryCommission of Shenzhen100%,
