深纺织Ｂ:2024年年度报告摘要(英文版)

Stock code: 000045,200045 StockAbbreviation: Shen TextileA, Shen Textile B Announcement No. :2025-10
Summary of 2024Annual 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.
In addition to the following directors, other directors personally attended the Board meeting at which the Annual
Report was considered.
Names of directors not Positions of directors not present Reasons for not attending the Name of principal
present in person in person meeting in person
Wang Chuan Director Business Related Wei Junfeng
Meng Fei Director Business Related Liu Yu
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 profit distribution plan reviewed and approved by the Company at the Board is: based on 506,521,849 shares,
distribute cash dividends of 0.71RMB (including tax) for every 10 shares to all shareholders, and distribute 0
bonus shares (including tax), without converting the provident fund 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
(I) Main business of the Company
The Company's main business is a high-tech industry focusing on the R&D, production and sales of polarizers for OLED and LCD
display, the operation and management of its own properties, and textile and clothing business.
During the reporting period, there was no significant change in the Company's primary business. First, the Company actively
adjusted its product structure, implemented a product differentiation strategy, and increased the sales proportion of high-value-added
products. It has achieved an industry-leading position in OLED TV polarizer sales volume, and the sales volume of ultra-large-size
products has surged significantly; second, the Company made every effort to overcome quality problems, improve customer
satisfaction, reduce product return losses and management costs, and at the same time, played a sales-driven role to promote sales by
production, and the production and sales volume repeatedly hit a record high; third, the Company strengthened the on-site technical
management level and enhanced the process stability. The improvement of broken film of each production line was remarkable, and
the average frequency of broken film decreased significantly year-on-year, which has reached a higher level in the industry. fourth,
the Company continued to strengthen innovation leadership, driving the development and mass production of cutting-edge products.
It focused on breakthroughs in key technologies and successfully achieved the development and mass production of
high-performance OLED TV polarizers with high transmittance and low reflection in 55-inch, 65-inch, and 77-inch sizes.
Additionally, it completed the development of highly alkali-resistant polarizers for OLED mobile phones and the development of
display polarizers that meet the U.S. Energy Star 9.0 energy efficiency standards; fifth, the Company actively phased out subsidiaries
with "non-core businesses and inefficient assets", steadily implemented the performance-based selection mechanism, promoted the
shifting of resources from non-core businesses to core businesses, and achieved rational use of resources; Sixth, the Company