Stock code: 000045, 200045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No.: 2022-30
Shenzhen Textile (Holdings) Co., Ltd.
Summary of the Semi-Annual Report 2022I. Important notesThe summary is abstract from full-text of summary of the semi-annual report, for more details information,investors should found in the full-text of annual report that published on website of Shenzhen Stock Exchange andother website appointed by CSRC.Non-standard auditor’s opinion
□ Applicable √Not applicable
Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the sharecapital for the reporting period, which has been reviewed and approved at the board meeting
□ Applicable √Not applicable
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.Preliminary plan for profit distribution to the preference shareholders for the reporting period which has beenreviewed and approved at the board meeting
□ Applicable √Not applicable
II. Basic information about the company
1. Company profile
| Stock abbreviation | Shen Textile A, Shen Textile B | Stock code | 000045,200045 | |
| Stock exchange for listing | Shenzhen Stock Exchange | |||
| Contact person and contact manner | Board secretary | Securities affairs Representative | ||
| Name | Jiang Peng | Li Zhenyu | ||
| Office Address | 6/F, Shenfang Building, No.3 Huaqiang North Road, Futian District, Shenzhen | 6/F, Shenfang Building, No.3 Huaqiang North Road, Futian District, Shenzhen | ||
| Tel | 0755-83776043 | 0755-83776043 | ||
| jiangp@chinasthc.com | lizy@chinasthc.com | |||
2. Major accounting data and financial indicators
May the Company make retroactive adjustment or restatement of the accounting data of the previous years
□ Yes √ No
| Reporting period | Same period of last year | YoY+/-（%） | |
| Operating income（RMB） | 1,445,137,309.09 | 1,101,536,407.38 | 31.19% |
| Net profit attributable to the shareholders of the listed company（RMB） | 42,433,525.10 | 76,603,074.39 | -44.61% |
| Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（RMB） | 34,970,975.47 | 61,814,528.89 | -43.43% |
| Cash flow generated by business operation, net（RMB） | 79,438,234.59 | -52,643,536.25 | 250.90% |
| Basic earning per share(RMB/Share) | 0.0838 | 0.1509 | -44.47% |
| Diluted gains per share(RMB/Share)(RMB/Share) | 0.0838 | 0.1509 | -44.47% |
| Weighted average ROE(%) | 1.50% | 2.74% | -1.24% |
| As at the end of the reporting period | As at the end of last year | YoY+/-（%） | |
| Total assets（RMB） | 5,690,609,337.03 | 5,496,647,107.83 | 3.53% |
| Net assets attributable to shareholder of listed company（RMB） | 2,833,979,078.56 | 2,816,795,889.89 | 0.61% |
3.Shareholders and shareholding
In Shares
| Total number of common shareholders at the end of the reporting period | 26,670 | Total number of preferred shareholders that had restored the voting right at the end of the reporting period (if any) (note 8) | 0 | ||||
| Particulars about shares held above 5% by shareholders or top ten shareholders | |||||||
| Shareholders | Nature of shareholder | Proportion of shares held（%） | Number of shares held at period -end | Amount of restricted shares held | Number of share pledged/frozen | ||
| State of share | Amount | ||||||
| Shenzhen Investment Holdings Co., Ltd. | State-owned legal person | 46.21% | 234,069,436 | ||||
| Shenzhen Shenchao Technology Investment Co., Ltd. | State-owned Legal person | 3.18% | 16,129,032 | ||||
| Sun Huiming | Domestic Nature person | 1.19% | 6,008,653 | ||||
| Deng Yan | Domestic Nature person | 1.17% | 5,928,200 | ||||
| Su Weipeng | Domestic Nature person | 0.68% | 3,423,010 | Pledge | 2,800,000 | ||
| Zhang Muxiu | Domestic Nature person | 0.45% | 2,298,800 | ||||
| Qi Jianhong | Domestic Nature person | 0.44% | 2,218,800 | ||||
| Hou Xiulan | Domestic Nature person | 0.38% | 1,946,191 | ||||
| Wang Zhongjing | Domestic Nature person | 0.37% | 1,872,900 | ||||
| Li Zengmao | Domestic Nature person | 0.35% | 1,760,097 | ||||
| Explanation on shareholders participating in the margin trading business | Among the top 10 common shareholders, Shenzhen Investment Holdings Co., Ltd. and Shenzhen Shenchao Technology Investment Co., Ltd. do not constitute a concerted party relationship. In addition, the company does not know whether there is an associated relationship among the top 10 ordinary shareholders, and between the top 10 ordinary shareholders and the top 10 shareholders, or whether they are persons taking concerted action defined in Administrative Measures for the Acquisition of Listed Companies. | ||||||
4.Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
5.Number of preference shareholders and shareholdings of top 10 of them
□ Applicable √ Not applicable
No preference shareholders in the reporting period6 The status of bonds remaining on the date of approval of the semiannual report
□ Applicable √ Not applicable
III. significant events
1.Progress of polarizer industrialization project for ultra-large TV (Line 7)
During the reporting period, the technical indicators such as yield and loss rate of Line 7 improved month bymonth, the production capacity increased, and the Company's operating performance improved month by month.The main products of Line 7 have been verified by customers, the order volume has gradually increased, and the unitmanufacturing cost of products has gradually decreased. With the smooth progress of Line 7 ramp-up, it will have apositive follow-up impact on the Company's operating performance.
2. Regarding the investment in the construction of the RTS rear cutting production line
In 2021, upon careful demonstration, the Company increased investment in the construction of a cuttingproduction line at the back-end of RTS, with a total investment of no more than RMB 30 million; As of June 30,2022, the signed contract amount was RMB 25,402,400, and the actual payment was RMB 19,789,800; As of June30, 2022, the Company has overcome the adverse effects caused by the pandemic. At present, the main equipmentof the project has been manufactured and mobilized, and the follow-up installation and commissioning are beingcarried out in an orderly manner according to the construction and production schedule of the customer's productionline.
3. The disposal of assets of the joint venture company Xieli Automobilemobile Co., Ltd.
Shenzhen Xieli Automobilemobile Enterprise Co., Ltd. (hereinafter referred to as "Shenzhen Xieli") is aSino-foreign joint venture invested and established by the company and Hong Kong Xieli Maintenance Company in1981, with a registered capital of 3.12 million yuan, and the company holds 50% of the equity. The company'soperating period ended in 2008, and its business license was revoked in 2014. The company's main asset is realestate. The industrial and commercial license of Shenzhen Xieli was cancelled in March 2020, but there are stillthree properties under its name, the disposal of which is required to be resolved after further consultation betweenthe shareholders of both parties.
On July 26, 2021, the Company filed a lawsuit with Yantian District People's Court in Shenzhen City,Guangdong Province to revoke the cancellation of Shenzhen Xieli Automobilemobile Enterprise Co., Ltd. approvedby Shenzhen Administration for Market Regulation on March 9, 2020, on which the court gave a judgment onNovember 21, 2021 to revoke the cancellation of Shenzhen Xieli Automobilemobile Enterprise Co., Ltd. approvedby Shenzhen Administration for Market Regulation. On December 3 and December 6,2021, Hong Kong Xili andShenzhen Market Supervision Administration submitted appeals to the Shenzhen Intermediate People's Court,
respectively. On April 18, 2022, the Company received the notice of the second trial from Shenzhen IntermediatePeople's Court. The case was heard in the second instance on April 27, 2022. The Shenzhen Intermediate People'sCourt made the judgment on June 28, 2022: 1. Revoke the administrative judgment Y0308 XC No.1883 of thePeople's Court of Yantian District, Shenzhen City, Guangdong Province (2021); II. Remand to Yantian DistrictPeople's Court, Shenzhen City, Guangdong Province for retrial. On July 22, 2022, the Company received thesummons from Yantian District People's Court, Shenzhen City, Guangdong Province, and the trial of this case isscheduled on August 25, 2022.
4.Reduction of the rent of the Company's own property in response to COVID-19 pandemicIn order to jointly respond to the pandemic and actively fulfill social responsibilities, according to SeveralMeasures of Shenzhen on Further Helping Market Subjects to Solve Problems in Response to COVID-19 (SF [2022]No.28) issued by Shenzhen Municipal Government, and in accordance with the relevant work requirements ofShenzhen SASAC, the Company has formulated the implementation plan of rent reduction and exemption for theself-own property of the Company and its wholly-owned enterprises, to tide over the difficulties with marketsubjects and help win the war of epidemic prevention and control.
The impact of the property rent reduction of the Company and its wholly-owned enterprises on the Company'soperating income in 2022 is expected to be no more than RMB 30.35 million, accounting for about 1.3% of theaudited operating income in 2021; The impact on the Company's net profit attributable to its parent company in2022 is estimated to be about RMB 30.24 million, accounting for about 49.4% of the audited net profit attributableto its parent company in 2021. The impact of this rent reduction on the Company's operating income and net profitattributable to its parent company in 2022 is the unaudited estimated data, which is only used by investors tounderstand the impact of this rent reduction on the Company, and it's subject to the actual executed amount. Fordetails, please refer to the Company's announcement No. 2022-19 on CNINF (http://www.cninfo.com.cn).
5.The progress of the lawsuit of the Company and its holding subsidiaries v. Jinhang Fund v. SAPOPhotoelectric for dissolution dispute
In July 2022, the Company and its holding subsidiary SAPO Photoelectric respectively received the legaldocuments such as Notice of Participation in Litigation, Notice of Respondence to Action, Summon and CivilComplaint, with a case number of (2022) Y0310 MC No. 3507, served by Pingshan District People's Court,Shenzhen City, Guangdong Province, and were informed that the court had accepted Hangzhou Jinhang EquityInvestment Fund Partnership (Limited Partnership) (hereinafter referred to as "Jinhang Fund") v. SAPOPhotoelectric for dissolution dispute, and the Company was informed to participate in the lawsuit as a party to thecase, and SAPO Photoelectric was informed to respond as the defendant to the case. For details, please refer to theCompany's Announcement No. 2022-20 on CNINF (http://www.cninfo.com.cn).
The case was heard in Pingshan District People's Court, Shenzhen City, Guangdong Province at 9: 30 on July 15,2022, and no judgment has yet been made.
6.Progress in subsidiaries participating in the establishment of industrial funds
On November 16, 2017, the company's controlling subsidiary SAPO Photoelectric signed the ChangxingJunying Equity Investment Partnership (Limited Partnership) Agreement with the fund manager HuizhiInvestment Management Co., Ltd, general partner Jinxin Investment Co., Ltd and other limited partners, andco-sponsored the establishment of an industrial fund, focusing on the optical film industry chain related projectsrelated to the company's main business, with a fund size of 50 million yuan. SAPO Photoelectric, as one of thelimited partners of the industrial fund, subscribed for a capital contribution of 28.5 million yuan. For details JuchaoWebsite:（http://www.cninfo.com.cn. (Announcement No.2017--55).
On February 10, 2018, Changxing Junying Equity Investment Partnership completed the industrial andcommercial registration and completed the private equity investment fund registration on February 8, 2018. Fordetails Juchao Website:（http://www.cninfo.com.cn. (Announcement No.2018--05).
In order to optimize the strategic layout and supplement the working capital, SAPO Photoelectric andHangzhou Yuanzhen Investment Management Co., Ltd. (hereinafter referred to as Yuanzhen Investment) signed the
Transfer Agreement on Property Share of Changxing Junying Equity Investment Partnership (Limited Partnership)on July 11, 2022, and transferred the share of Changxing Fund held by SAPO Photoelectric to Yuanzhen Investmentat a transaction consideration of RMB 28.5 million. After this property share transfer, the Company will withdrawfrom Changxing Fund and no longer hold the partnership share of Changxing Fund. For details, please refer to theCompany's Announcement No.2022-21 on Juchao Information Network (http://www.cninfo.com.cn).
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
August 25, 2022