深纺织Ｂ:2025年半年度报告(英文版)

Shenzhen Textile (Holdings) Co., Ltd
2025 Semi-annual Report.
August 2025

Section I Important Notes, Table of Contents and Interpretations
The Board of Directors, Board of Supervisors, directors, supervisors and
senior officers of the Company guarantee the authenticity, accuracy and
completeness of the contents of the semi-annual report, and bear individual and
joint legal liabilities for any false records, misleading statements or major
omissions.
The Principal YIN Kefei, the Chief Finance Officer LIU Yu and the Chief
Accountant(accountingsupervisor)HUANGMindeclarethattheywillensurethe
authenticity, accuracy and completeness of the financial report in this semi-
annual report.
All directors have attended the board meeting at which this semi-annual
report was considered.
Forward-looking statements such as future development plans involved in
this report do not constitute a substantial commitment by the Company to
investors. Investorsand relatedpersonsshould maintainsufficient risk awareness
and understand the differences between plans, forecasts and commitments.
Investors are requested to pay attention to investment risks.
The Company is exposed to macroeconomic risks, market risks, raw
materials risks and intensified competition risks. Investors are advised to pay
attention to investment risks. For details, please refer to "X. Risks and
Countermeasures Faced by the Company" in"Section III Management
Discussion and Analysis" of this report.
The Company plans not to distribute cash dividends, issue bonus shares, or
increase share capital through capitalization of reserves.
This report is prepared in Chinese and English respectively. In case of any
ambiguity between the Chinese and foreign versions, the Chinese version shall
prevail.

Table of Contents

Section I Important Notes, Table of Contents and Interpretations ......2
Section II Company Profile and Major Financial Indicators......7
Section III Management's Discussion and Analysis ......11
Section IV Corporate governance, Environment and Society......25
Section V Important Matters ......27
Section VI Changes in Shares and Shareholders......34
Section VII. Bonds......40
Section VIII Financial Reports ......41
Section IX Other Submitted Data ......154
List of Reference Documents
I. Accounting statements bearing the signatures and seals of the legal representative, Finance Director and Chief
Accountant of the Company;
II. The original of all the Company's documents and the original of the announcement that have been publicly
disclosed by the Company on the website designated by the China Securities Regulatory Commission during the
reporting period.
The above-mentioned documents are kept in the office of the Board of Directors for reference.

Interpretations
Item of interpretations Refers to Interpretations
Company/ the Company / Shenzhen Textile Refers to Shenzhen Textile (Holdings) Co., Ltd.
Articles of Association Refers to Articles of Association of Shenzhen Textile (Holdings)
Co., Ltd.
State-owned Assets Supervision and Administration
Actual owner / Shenzhen SASAC Refers to Commission of Shenzhen Municipal People's
Government
Controlling shareholder / Shenzhen Investment Refers to Shenzhen Investment Holdings Co., Ltd.
Holdings
Shenchao Technology Refers to Shenzhen Shenchao Technology Investment Co., Ltd.
SAPO Photoelectric Refers to Shenzhen SAPO Photoelectric Co., Ltd.
Meibainian Refers to Shenzhen Meibainian Garment Co., Ltd.
Hengmei Optoelectronics Refers to Hengmei Optoelectronics Co., Ltd.
Hong Kong Xieli Refers to Hong Kong Xieli Maintenance Co., Ltd.
Shenzhen Xieli Refers to Shenzhen Xieli Automobile Enterprise Co., Ltd.
Line 4 Refers to Polarizer for TFT-LCD Phase I Line 4 Project
Line 5 Refers to Polarizer for TFT-LCD Phase I Line 5 Project
Line 6 Refers to Polarizer for TFT-LCD Phase II Line 6 Project
Line 7 Refers to Polarizer industry project for ultra-large-size TV
China Securities Regulatory Commission Refers to China Securities Regulatory Commission
This report Refers to 2025 Semi-annual Report

Section II Company Profile and Major Financial Indicators
I. Company profile
Stock name