Stock code: 000045,200045 StockAbbreviation: Shen TextileA, Shen Textile B Announcement No. :2022-06
Summary of 2021Annual Report of Shenzhen Textile
(Holdings) Co., Ltd.
I. Important notes
The summary is abstract from full-text of annual report, for more details information , investors should found in
the full-text of annual report that published on website of Shenzhen Stock Exchange and other website appointed
by CSRC.
All the directors attended the board meeting for the review of this Report.
Non-standard auditor’s opinion
□Applicable √Not applicable
Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the share
capital for the reporting period, which has been reviewed and approved at the board meeting
□Applicable √Not applicable
The Company has plan of Converting provident fund to share capital .
√Applicable □ Not applicable
The company’s common stock profit distribution plan approved by the board of directors this time is: based on
506,521,849 shares, a cash dividend of 0.5 yuan (tax included) will be distributed to all shareholders for every 10
shares, and 0 shares of bonus shares (tax included) will be given away. Increase share capital.
The profit distribution plan for preferred stocks for the reporting period passed by the board of directors
□Applicable √Not applicable
II. Basic information about the company
1. Company profile
Stock abbreviation Shen TextileA，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 6/F, Shenfang Building, No.3 Huaqiang
North Road, Futian District, Shenzhen North Road, Futian District, Shenzhen
Fax 0755-83776139 0755-83776139
Tel 0755-83776043 0755-83776043
E-mail jiangp@chinasthc.com lizy@chinasthc.com
2. Brief introduction to the main business or products in the reporting period
(1)Industry information of the Company during the reporting period
Polarizers are also known as polaroid, which can control the polarization direction of specific light beams.
When natural light passes through the polarizer, the light whose vibration direction is perpendicular to the
transmission axis of the polarizer will be absorbed, leaving only polarized light whose vibration direction is
parallel to the transmission axis of the polarizer. The downstream polarizer is mainly used in the panel industry.
According to different panel types, polarizers mainly include TN, STN, TFT and OLED. Currently, the global
polarizer market is dominated by polarizers for TFT-LCD panels. Each LCD panel requires two polarizers.
The Company is one of the major R&D, production and sales enterprises of polarizers in China, and the
leading enterprise of polarizer industry in China. The Company's polarizer is one of the key basic materials in the
display panel industry, and its demand is greatly affected by the fluctuation of the display panel market. In the first
half of 2021, due to the strong terminal demand and the shortage of upstream raw materials of various display
panels caused by telecommuting and distance learning, the display panel market showed a pattern of short supply,
the panel price continued to rise, and the polarizer market witnessed a good prosperity. In the second half of 2021,
with the increase of vaccination rate for COVID-19, the pandemic eased, the market demand gradually stabilized,
and the supply of raw materials gradually recovered, the display panel market ended its upward cycle, the prices
of different types of panels dropped successively, and the market demand for polarizers gradually stabilized.
(2)The company's main business
The company's main business covered such the high and new technology industry as represented by LCD
polarizer, its own property management business and the retained business of high-end textile and garment.
During the reporting period, the Company's main business has not changed significantly. First, the Company
focused on adjusting its marketing strategy, continuously promoting the optimization of customer and product
structure, balancing the sales share of major panel customers, and enhancing the anti-risk and profitability; Second,
it strengthened the production management, improved the production capacity and product quality, further speeded
up the elevator, carried out equipment and technical transformation, improved the automation level in the later stage,
and continuouslyimproved the production capacityand productquality; Third
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