Stock code: 000045,200045 StockAbbreviation: Shen TextileA, Shen Textile B Announcement No. :2024-11
Summary of 2023Annual 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 directors personally attended the Board meeting at which theAnnual Report was considered.
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 profit distribution plan approved by the board of directors this time is: based on 506,521,849
shares, a cash dividend of 0.65 yuan (tax included) will be distributed to all shareholders for every 10 shares, and
0 shares (tax included) will be given as bonus shares. The capital reserve will not be converted into 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) 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 actively adjusts the product structure, implements the product differentiation strategy, further optimizes the
product structure, increases the proportion of large-size products, increases the market share of high-value products, implements the
policy of "ensuring utilization" and seizes market share; Second, it carries out lean management in depth, continuously strengthens
efficiency improvement, significantly reduces production line switching time, reduces production costs and strengthens production
management by unifying production technology, to continuously reduce the loss rate of main raw materials, and increase the product
yield rate to a higher level in the industry; Third, it strengthens the guidance of innovation, accelerates the construction of a
market-oriented and professional R&D management system, focuses on key technologies and product research, completes the
process optimization and upgrading of No.4 wide production line, realizes the mass production delivery of 55-inch and 65-inch
high-transmittance OLED TV polarizers, and completes the development of high alkali-resistant fixed-curvature OLED mobile
phone polarizers; Fourth, it actively promotes the elimination of enterprises with "non-main business assets non-dominant business
assets, inefficient assets and ineffective assets", steadily promotes the survival of the fittest, promotes the concentration of resources
from non-non-main business to main business, and improves the efficiency of resource allocation; Fifth, it strengthens supervision
and management, well ensures work safety, formulates safety management system, strengthens safety training and education, carries
out safety risk management and control, investigates and rectifies hidden dangers, consolidates weak links and prevents accidents;
Sixth, it continues to well ensure the lease of its own property, improves service quality, and carries out the improvement of textile
business operation; Seventh, it promotes major asset restructuring, and actively promotes the audit, evaluation, due diligence and
other work involved in this transaction with relevant parties.
(2) Main products and their purposes
Currently, the Company has 7 mass production lines for polarizers,
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