ST中冠B：第三季度报告全文（英文版）

1、ii.10%-深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文shenzhen victor onward textile industrial co., ltd.quarterly report for the third quarter of 2012 important notesthe board of directors of the company hereby guarantees that there are no misstatement,misleading representation or important omissions in this report

2、and shall assume joint and severalliability for the authenticity, accuracy and completeness of the contents hereof.all of the directors presented the board meeting at which this quarterly report was examined.mr. hu yongfeng, person in charge of the company, mr.zhang jinliang , person in charge of ac

3、counting works,mr. ren changzheng ,cfo as well as person in charge of accounting institution represent and warrant thefinancial and accounting report in the third report is true and complete.basic information of the company1.main accounting data and indicesif retrospective adjustment has been carrie

4、d our on financial reports of previous periods. yes no not applicable2012.9.302011.12.31increase /decrease（）total assets（rmb）169,530,701.00172,238,794.00-1.57%owners equity attributable tothe shareholders of the listed112,770,792.00119,047,096.00-5.27%company （rmb）stock capital（shares）net assets per

5、 share169,142,356.00169,142,356.00attributable to theshareholders of the listed0.670.7-4.29%company（rmb/shares）increase/decrease in theincrease/decrease in thejuly-september 2012report period comparedwith the same period ofthe last year(%)january-september2012report period comparedwith the same peri

6、od ofthe last year(%)total turnover(rmb)2,254,074.00-8.49%7,273,861.00-8.99%net profit attributable toshareholders of the listed-1,963,118.00-51.36%-6,150,254.00-49.87%company（rmb）net cash flow arisingfrom operating activities -（rmb）net cash flow per share788,412.00-64.85%arising from operating -0-6

7、4.85%activities（yuan/shares）basic earnings per share（yuan/shares）-0.01-50%-0.04-42.86%1深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文diluted earnings pershare（yuan/shares）weighted average returnon equity（%）-0.01-1.72%-50%1.35%-0.04-5.3%-42.86%4.01%weighted average returnon net assets afterdeducting non-recurring-1.6

8、8%1.4%-2.75%6.57%gains and losses（%）items and amount of non-current gains and losses deducted applicable not applicableamount from theitemsgain/loss form disposal of non-current assetstax refund, deduction and exemption that is examined andapproved by authority exceeding or has no official approvald

9、ocument.governmental subsidy accounted as current gain/loss,except for those subsidies at with amount or quantity fixedby the national government and closely related to thecompanys business operation.capital adoption fee collected from non-financialorganizations and accounted into current gain/lossg

10、ain/loss from differences between the cost of enterprisemerger and the fair value of recognizable net asset of theinvested entitiesgain/loss from non-monetary assetsgain/loss from commissioned investment or assetsasser impairment provisions provided for force-majeurgain/loss from debt reorganization

11、enterprise reorganizing expenses, such as employeeplacement fee and integration feegain/loss from trade departing from fair valuecurrent net gain/loss of subsidiaries under same controlfrom beginning of term till date of consolidationgain/loss generated by contingent liabilities withoutconnection wi

12、th main businessesin addition to normal business with the company effectivehedging related business, holders of tradable financialassets, transactions and financial liabilities arising fromchanges in fair value gains and losses, as well as thebeginning of year tothe end of report period（rmb）5,174.00

13、11,022.00remarksdisposal of trading of financial assets, trading financialliabilities and available-for-sale financial assets gains returnon investment;restoring of receivable account impairment provision testedindividuallygain/loss from commissioned loansgain/loss from change of fair value of inves

14、tment propertymeasured at fair value in follow-up measurementinfluence of one-time adjustment made on current gain/lossaccount according to the laws and regulations regarding tax2深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文and accountingconsigning fee received for cosigned operationnet amount of non-operating inco

15、me and expense exceptthe aforesaid itemsother gain/loss items satisfying the definition ofnon-recurring gain/loss accountinfluenced amount of minority shareholders equityamount of influence of income taxtotal-2,982,915.00-2,966,719.00main part is the nanjing project litigationattorneys fees-the info

16、rmation of main accounting data and main financial indices of the company by the end of reportperiod.(filling the adjustment explanation if retroactive adjusted)itemsamount（rmb）remarksii. total number of shareholders and top 10 holders of shareholders at the end of report periodtotal number of share

17、holders atthe end of report periodparticulars about the shares held by the top ten tradable shareholders with unrestricted conditions11,232amount of tradable shares withtype and amountfull name of shareholderunrestricted conditions held atthe end of report periodtypeamountunion holding co., ltd.43,1

18、41,032 rmb common shares43,141,032style-success limited24,466,029foreign shares placed indomestic exchange24,466,029shenzhen textile(group)holdings co., ltd9,233,394 rmb common shares9,233,394rich crown investment co.,ltd.6,114,556foreign shares placed indomestic exchange6,114,556union development g

19、roup co.,ltd.liuzhou jiali real estatedevelopment co., ltd.5,821,089 rmb common shares4,215,937 rmb common shares5,821,0894,215,937zeng ying2,039,600foreign shares placed indomestic exchange2,039,600liuzhou ruiheng mechanical& electrical co.,ltd.1,710,000 rmb common shares1,710,000shing ying chiehzh

20、eng lian1,550,362950,000foreign shares placed indomestic exchangeforeign shares placed indomestic exchange1,550,362950,000notes to the related relationshipbetween the shareholders ortheir concerted action:the controlling shareholder of the above-mentioned largest shareholder shenzhen union holdingsl

21、td. and fourth shareholder rich crown investment co., ltd. is union developing group ltd.3深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文3 significant events1 particular about large-margin change of main accounting statement item and financial index and itsreason. applicable not applicable1.analysis of the reason for

22、 big change of the items of balance sheet of the company as of the end of the report period.unit: rmbitemsseptember 30,2012december 31,2011amount of increased /proportion increased/decreaseddecreasedother current liability4,572,2411,584,7842,987,457188.51%other current liability increased by rmb2.98

23、 million and 188.51%，mainly due to the nanjing project litigationattorneys fees 2.4 million2.analysis of the reason for big change of the items of profit statement as of the report period.in the period from january 2011 to september 2012,the company earned operating income of rmb 7.27 million on acc

24、umulativebasis, which decreased by rmb8.99 million year on year. net profit attributable to owners equity of the parent companynet profit is rmb -6.15 million. compare to the data last year same period, which loss decreased by rmb 6.11 million and 49.87%.analysis of reason for decrease of operating

25、income：rental income has decreased.the main reason for decreased of amount of loss：mainly due to drop in revenue from a year earlier of zhejiang union hangzhou bay ventures co., ltd., an affiliated company.3.analysis of the reason for big change of the items of cash flow statement of the company in

26、the report period.unit: rmbitemsthis periodsame period of last yearamount ofproportionnet cash flows arising formincreased/decreasedincreased/ decreasedoperating activities788,4122,243,234-1,454,822-64.85%net cash flows from investing activities -63,534-101,10137,567-37.16%net cash flows from financ

27、ing activities0000.00%the influence of change in exchange rateon cash and cash equivalents222,976-1,265,8771,488,853-117.61%net increase of cash and cash equivalents 947,854876,25671,5988.17%at the end of the report period, net decrease in net cash flows arising form operating activities decreased b

28、y rmb 1.45 millionyear on year，mainly due to the increase of non-recurring charge in this report period；in the report period, net cash flows from investing activities increased by rmb 30,000 year on year;at the end of the report period, there were no net cash flows from financing activities in the r

29、eport period and the same period ofprevious year;at the end of the report period, the influence of change in exchange rate on cash and cash equivalents indreased by rmb 1.48million year on year;, mainly due to rmb and hkd exchange rate fluctuations；at the end of the report period, net increase in ca

30、sh and cash equivalents increased by rmb 70,000 year on year.ii. the progress of significant events and influence, as well as the analysis and explanation on resolving proposalreason.1. non-standard opinionapplicable not applicableshine wing certified public accountants issued unqualified auditors r

31、eport with paragraph of emphasized matters for the companysfinancial statements for 2011 basic information of emphasized matters: since march 2007, shenzhen victor onward textileindustrial co., ltd. stopped production and dismissed most of workers. and most subsidiaries of the company had stopped4深圳

32、中冠纺织印染股份有限公司 2012 年第三季度报告全文production and it maintained daily operation by house leasing. but its sustainable operation ability is still uncertain. the board ofdirectors, supervisory committee and managers believed that the printing and dyeing plant of the company had stopped operation ormaintained

33、daily operation by house leasing. .it plans to invest in nanjing east asia textile printing and dyeing co., ltd. with partof machinery and equipment, due to the reason on the side of the other party of joint venture and change of industry prospect. thisevent greatly impacted the production & operati

34、on activities and sustainable development of company, it made company had thesituation of implementing other special treatment which was stipulated in shenzhen stock exchange listing rules , the stock of ourcompany had been implemented for other special treatment. the company is communicating with j

35、oint venture partner and trying tominimize the losses and settle this joint venture project issue properly.2 the company provided funds to its controlling shareholder or related parties and provided guarantees inviolation of established procedures.applicable not applicable3.signing and performance o

36、f significant contracts for daily operationapplicable not applicableon june 4, 2012, the company has instituted court action against below three companies at jiangsu provincehigher peoples court, and asked to terminate the contracts and agreements signed with nanjing east asia textileprinting & dyei

37、ng co., ltd., nanjing east asia investment & development group co., ltd. and hong kongyaojunxing co., ltd., who shall pay rmb47,922,902.92 to the company for the pecuniary loss of implicativecompensation and undertake the costs of litigation. the company has received the su-shang-wai-chu-zi no.0002(

38、2012) of “notice on indictment acceptance and collegial panel announcement” issued by jiangsu provincehigher peoples court on june 14, 2012.the case hasnt yet been tried, so the impact on the company temporarily cant be judged. the company willfulfill the obligation of information disclosure in time

39、 according to the progress of legal action.the announcement of the resolutions of this meeting was published on securities times , hong kong commercialdaily and on june 16, 2012.4.otherapplicable not applicableiii. companies or shareholders holding more than 5% equity during the reporting period or

40、the commitmentscontinued to the reporting period.applicable not applicableiv. prediction of business performance for 2012.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 c

41、orresponding period of the last year andexplanation of reason.applicable not applicableforenotice of earnings: drop considerablytype of date filled for the prediction actual figures interval figuresyear beginning to end of nextreport periodsame period ofthe previousyearincrease or decrease（%）estimat

42、edamount of-800 -500-1,736 - increase -71.2% -53.92%5no12-深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文accumulative net profit（rmb0000）decreasebasic earnings per shares（rmb/share）-0.05 -0.03-0.1 - increase decrease-70% -50%due to the effect of suspend production for rectification and the loss of real estatenotes to

43、 forenctice of earnings projects of zhejiang union hangzhou bay ventures co., ltd. accounted for on equitybasis.v. other significant events need to be explained1.securities investmentapplicable not applicablepercentage ofstock typestock codestockabbreviationinitialinvestment amount heldamount(yuan (

44、shares)book valuesat the end ofperiod(rmb)total profit andinvestment in loss duringthis stock at the reportthe end or period(rmb)period(%)stockstock601558002563sinovel wndsemir garment31,000.0037,900.004,0001,00022,880.0020,540.0052.69%47.31%-8,120.00-17,360.00other stock investment held at the end

45、of report termgain/loss of disposed stock investment in the report termtotal-68,900.00-43,420.00 100%-11,022.00-14,458.00disclosure date of announcement on securitiesinvestment approved by the board of directorsdisclosure date of announcement on securitiesinvestment approved by the shareholdersmeeti

46、ngstatement on securities investment：2. derivative investmentapplicable not applicable3.particulars about derivatives investment held at the end of report periodapplicable not applicable4. the registration form of acceptance of investigation, communication and interview in the report period forfutur

47、e referencecontent ofdateplacemodetypevisitordiscussion andmaterials providedoffice of boardprovide suggestionsjuly 4, 2012secretary of thetelephoneindividualinvestoron the companycompanyoperationjuly 31, 2012office of boardsecretary of thetelephoneindividualinvestorenquiry thecompany situation6深圳中冠

48、纺织印染股份有限公司 2012 年第三季度报告全文companyoffice of boardenquiry theseptember 17, 2012 secretary of thetelephoneindividualinvestorcompanys sharecompany5.issue of corporate bondhave the company issued any corporate bondapplicable not applicable4 appendix1 financial statementsconsolidated or not：priceyes nonot

49、applicableall figures in the notes to the financial statements are in rmb yuan except for otherwise stated.1. consolidated balance sheetprepared by：shenzhen victor onward textile industrial co., ltd.unit：rmbitemscurrent asset：monetary fundsettlement provisionoutgoing call loantrading financial asset

50、sbill receivableaccount receivableprepaymentsinsurance receivablereinsurance receivableprovisions of reinsurancecontracts receivableinterest receivabledividend receivableother account receivablerepurchasing of financial assetsinventoriesnon-current asset due in 1 yearother current assettotal of curr

51、ent assetsyear-end balance54,347,170.0043,420.00744,712.0015,446.0095,328.00162,457.0055,408,533.00year-beginning balance53,399,316.0068,900.00744,712.0027,548.0038,378.00457,264.00162,457.0054,898,575.00non-current assets：loans and payment on others behalfdisbursed7深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文disp

52、osable financial assetexpired investment in possesslong-term receivablelong term share equity investmentproperty investmentfixed assetsconstruction in progressengineering materialfixed asset disposalproduction physical assetsgas & petrolintangible assetsr & d petrolgoodwilllong-germ expenses to beam

53、ortizeddiffered income tax assetother non-current assettotal of non-current assetstotal of assetscurrent liabilitiesshort-term loansloan from central bankdeposit received and hold forotherscall loan receivedtrade off financial liabilitiesbill payableaccount payableadvance account receivedselling of

54、repurchased financialassetsfees and commissions receivableemployees wage payabletax payableinterest payabledividend payableother account payable649,676.0062,387,517.0032,109,172.0012,005,338.001,870,841.005,099,624.00114,122,168.00169,530,701.003,251,445.002,775,905.00711,154.002,936,609.001,215,946

55、.0031,381,883.00703,055.0063,192,614.0034,373,451.0012,070,406.001,901,069.005,099,624.00117,340,219.00172,238,794.003,239,221.002,775,476.00590,220.002,700,348.001,215,946.0031,167,220.00reinsurance fee payableinsurance contract provisionentrusted trading of securitiesentrusted selling of securitie

56、snon-current liability due in 1 year8深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文other current liabilitytotal of current liabilitynon-current liabilities：long-term loanbond payablelong-term payablespecial payableexpected liabilitiesdiffered income tax liabilityother non-current liabilitiestotal of non-current liab

57、ilitiestotal of liabilityowners equityshare capitalcapital reservesless：shares in stockspecial reservesurplus reservescommon risk provisionundistributed profitdifferent of foreign currency translationtotal of owners equity belong to theparent companyminor shareholders equitytotal of owners equitytot

58、al of liabilities and owners equitylegal representative ：hu yongfengperson-in-charge of the accounting work：zhang jinliangperson-in -charge of the accounting organ：ren changzheng2. balance sheet of the parent company4,572,241.0046,845,183.001,074,619.008,561,395.00815,434.00836,792.0011,288,240.0058

59、,133,423.00169,142,356.0039,682,919.0026,704,791.00-122,176,864.00-582,410.00112,770,792.00-1,373,514.00111,397,278.00169,530,701.001,584,784.0043,273,215.001,160,011.008,486,859.00808,335.00836,792.0011,291,997.0054,565,212.00169,142,356.0039,742,473.0026,704,791.00-116,026,610.00-515,914.00119,047

60、,096.00-1,373,514.00117,673,582.00172,238,794.00prepared by：shenzhen victor onward textile industrial co., ltd.unit：rmbitemscurrent asset：monetary fundtrading financial assetsyear-end balance19,432,627.0043,420.00year-beginning balance21,483,163.0068,900.00bill receivableaccount receivable9深圳中冠纺织印染股