轻纺城关于参加浙江辖区上市公司投资者网上集体接待日活动的公告 1 股票简称：轻纺城 股票代码：600790 编号：临 2020－012 浙江中国轻纺城集团股份有限公司 关于参加浙江辖区上市公司投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 活动内容：浙江辖区上市公司投资者网上集体接待日活动 活动时间：2020 年 5 月 15 日（星期五）下午 15:00-17:00 活动地点：全景网 (http://rs.p5w.net） 参与方式：网络平台在线交流 一、活动类型 为进一步加强与广大投资者特别是中小投资者的沟通交流，浙江 中国轻纺城集团股份有限公司（以下简称"公司"）将于 2020 年 5 月 15 日（星期五）参加由浙江证监局指导、浙江上市公司协会与深圳 市全景网络有限公司共同举办的"凝心聚力 共克时艰"辖区上市公 司投资者网上集体接待日主题活动。届时，公司将与投资者就公司治 理、发展战略、经营状况、可持续发展等问题进行沟通。 二、活动时间及参与方式 1、活动时间：20 ...

2020 年第一季度报告 公司代码：600790 公司简称：轻纺城 浙江中国轻纺城集团股份有限公司 2020 年第一季度报告 1 / 21 2020 年第一季度报告 重要提示 . 一、 二、 公司基本情况 . 11Í 重要事项 . 四、 附录 . 目录 2 / 21 2020 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 | --- | --- | --- | --- | |----------------|----------------|------------------|--------------| | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | 金力 | 董事 | 因公会议 | 李生校 | | 王建 | 董事 | 因公出差 | 邵少敏 | 1.3 公司负责人葛梅荣、主管会计工作负责人邬建昌及会计机构负责人（会计主管人员）汤雪营 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季 ...

Financial Performance - In 2019, the company achieved a total revenue of RMB 981,239,467.10, representing a slight increase of 0.09% compared to RMB 980,380,786.12 in 2018[22] - The net profit attributable to shareholders of the listed company for 2019 was RMB 339,128,749.22, a decrease of 34.02% from RMB 513,986,015.68 in 2018[22] - The net profit after deducting non-recurring gains and losses was RMB 304,989,263.29, down 19.13% from RMB 377,133,150.74 in the previous year[22] - Basic earnings per share decreased by 34.29% to CNY 0.23 in 2019 compared to CNY 0.35 in 2018[25] - The weighted average return on equity decreased by 3.93 percentage points to 6.11% in 2019 from 10.04% in 2018[25] - The company reported a net profit margin of 12%, up from 10% in the previous year[141] Cash Flow and Assets - The company reported a net cash flow from operating activities of RMB -163,893,704.51, a significant decline compared to RMB 1,632,075,334.14 in 2018[22] - Cash and cash equivalents decreased by 34.41% to CNY 1,062,703,323.46, accounting for 10.33% of total assets[56] - Total assets at the end of 2019 amounted to RMB 10,426,381,132.50, reflecting a 0.90% increase from RMB 10,333,712,924.94 in 2018[22] - The carrying value of investment properties was RMB 4,710,512,787.66, constituting 45.18% of total assets[179] - Total liabilities decreased to CNY 4,450,555,856.73, down from CNY 4,803,544,319.95, a reduction of approximately 7.3%[193] - Shareholders' equity increased to CNY 5,975,825,275.77, compared to CNY 5,530,168,604.99, reflecting a growth of about 8.1%[193] Dividends and Shareholder Returns - The company proposed a cash dividend of RMB 1.80 per 10 shares, totaling RMB 263,842,367.04, to be distributed to shareholders[6] - The company approved a cash dividend of RMB 1.80 per 10 shares, totaling RMB 263,842,367.04 for the year 2018, which represents 77.80% of the net profit attributable to ordinary shareholders[79] - The remaining distributable profit after the dividend distribution was RMB 1,413,549,353.48, which will be carried forward to future distributions[78] Market and Operational Insights - The total transaction volume of the China Light Textile City market reached CNY 137.917 billion in 2019, representing a year-on-year growth of 13.61%[35] - The company continues to focus on the development, leasing, and property management of the China Light Textile City market, which remains its core business[35] - The market leasing business generated revenue of 764.89 million RMB, with a gross margin of 62.41%, which decreased by 1.69 percentage points compared to the previous year[44] - The company completed the leasing of 458 commercial properties in the North Union Market, collecting a total rent of 166 million RMB[41] Strategic Plans and Future Outlook - The company plans to achieve a revenue target of 854 million RMB and a total profit of 425 million RMB for the year 2020[72] - The company is exploring new investment channels to strengthen its core business while seeking greater returns for shareholders[75] - The company aims to enhance its smart services, including smart charging and smart parking, to improve operational efficiency[72] - Market expansion plans include entering two new provinces, projected to increase market share by 5%[141] Risks and Challenges - The company has outlined potential industry and market risks in its annual report, advising investors to be cautious[8] - The company faces risks from the economic environment and the impact of the COVID-19 pandemic on market operations[76] Corporate Governance and Compliance - The company has retained Tianjian Accounting Firm for the 2019 financial audit and internal control audit, with a tenure of one year[96] - The company’s board of directors held a total of 6 meetings during the year, with all directors attending in person[166] - The company has committed to eliminating competition with its controlling shareholder by restructuring and transferring certain market assets[168] Employee and Management Insights - The total number of employees in the parent company is 75, while the main subsidiary has 1,007 employees, resulting in a total of 1,082 employees[153] - The company emphasizes the importance of employee training and development, conducting targeted training programs based on diverse needs[155] - The company has established a dual assessment mechanism combining monthly and annual evaluations to enhance the incentive effect of the salary system[154]

2019 年第三季度报告 公司代码：600790 公司简称：轻纺城 浙江中国轻纺城集团股份有限公司 2019 年第三季度报告 1 / 30 2019 年第三季度报告 | --- | --- | --- | |-------|---------------|-------| | | | | | | | | | | | | | | 目录 | | | 一、 | 重要提示 | | | 二、 | 公司基本情况. | | | 11[ | 重要事项 | | | 四、 | 附录 | | 2 / 30 2019 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人葛梅荣、主管会计工作负责人邬建昌及会计机构负责人（会计主管人员）汤雪营 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- ...

2019 年半年度报告 公司代码：600790 公司简称：轻纺城 浙江中国轻纺城集团股份有限公司 2019 年半年度报告 1 / 113 2019 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人葛梅荣、主管会计工作负责人邬建昌及会计机构负责人（会计主管人员）陈红兵 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划发展战略等前瞻性描述不构成公司对投资者的实质性承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细描述可能存在的行业风险、市场风险等，敬请查阅本报告第四节经营 情况讨论与分析中相关内容。 十、 其他 □适用 √不适 ...

Financial Performance - Operating revenue for the period was CNY 240,550,383.24, representing a year-on-year increase of 4.12%[12] - Net profit attributable to shareholders of the listed company was CNY 86,797,402.15, down 6.47% from the previous year[12] - The company reported a significant drop in employee compensation liabilities, which decreased to approximately CNY 6.39 million from CNY 23.77 million, a decline of about 73%[40] - Total operating revenue for Q1 2019 was CNY 240,550,383.24, an increase of 4.4% compared to CNY 231,034,756.31 in Q1 2018[51] - Net profit for Q1 2019 was CNY 91,160,085.01, a decrease of 5.1% from CNY 96,402,019.45 in Q1 2018[52] - The total profit for Q1 2019 was CNY 119,358,473.10, down from CNY 123,565,153.68 in Q1 2018, a decrease of 3.4%[52] - The total comprehensive income for Q1 2019 was CNY 70,197,541.90, compared to CNY 145,985,151.96 in Q1 2018, indicating a decrease of approximately 52%[58] Cash Flow - The net cash flow from operating activities was negative CNY 197,781,924.38, compared to negative CNY 43,547,145.01 in the same period last year[12] - Cash inflow from operating activities for Q1 2019 was CNY 121,039,999.90, compared to CNY 140,907,689.74 in Q1 2018, representing a decrease of approximately 14%[58] - Cash outflow from operating activities for Q1 2019 totaled CNY 318,821,924.28, up from CNY 184,454,834.75 in Q1 2018, indicating an increase of about 73%[62] - Net cash flow from operating activities for Q1 2019 was -CNY 197,781,924.38, compared to -CNY 43,547,145.01 in Q1 2018, reflecting a worsening of approximately 354%[62] - Total cash inflow from investment activities in Q1 2019 was CNY 310,149,789.72, significantly higher than CNY 203,199,360.79 in Q1 2018, marking an increase of around 53%[64] - Cash outflow from investment activities for Q1 2019 was CNY 336,434,263.83, down from CNY 502,854,471.98 in Q1 2018, showing a decrease of about 33%[64] - Net cash flow from investment activities for Q1 2019 was -CNY 26,284,474.11, an improvement from -CNY 299,655,111.19 in Q1 2018[64] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,152,316,171.69, a decrease of 1.76% compared to the end of the previous year[12] - Total liabilities decreased to approximately CNY 4.25 billion from CNY 4.51 billion, indicating a reduction of about 5.8%[40] - The company's total current assets amounted to approximately CNY 2.44 billion, a decrease from CNY 2.59 billion as of December 31, 2018, reflecting a decline of about 5.7%[36] - The company's cash and cash equivalents were reported at approximately CNY 1.40 billion, down from CNY 1.62 billion at the end of 2018, indicating a decrease of around 13.8%[36] - The total liabilities decreased from ¥4,803,544,319.95 to ¥4,537,002,621.20, a reduction of approximately 5.5%[42] - Total equity increased from ¥5,530,168,604.99 to ¥5,615,313,550.49, reflecting a growth of about 1.5%[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 38,817[20] - The largest shareholder, Shaoxing Keqiao China Light Textile City Market Development Group Co., Ltd., held 553,362,648 shares, accounting for 37.75% of total shares[20] - The company’s major shareholder increased its stake by acquiring 28,911,889 shares, representing 1.972% of the total share capital, for a total amount of 111,034,729.55 RMB[29] Other Comprehensive Income - The company reported non-operating income of CNY 2,383,505.41 for the period[19] - The company’s other comprehensive income after tax decreased significantly to -601.51 million RMB, down 6,610.75 million RMB year-over-year, mainly due to fair value changes in investments in banks[26] - Other comprehensive income after tax for Q1 2019 was CNY -6,015,139.51, compared to CNY 60,092,425.45 in Q1 2018, showing a significant decline[52] Investment Activities - The company has completed the transfer of 75% equity in Zhejiang China Light Textile City Network Co., Ltd., with a total acquisition cost of 20,351,032.05 RMB[29] - The company holds 3,396,047 shares in Ruifeng Bank, which plans to issue A-shares pending regulatory approval[29] - The company’s cash flow from investing activities improved by 27,337.06 million RMB compared to the previous year, primarily due to reduced payments for equity acquisitions[26]

2018 年年度报告 公司代码：600790 公司简称：轻纺城 浙江中国轻纺城集团股份有限公司 2018 年年度报告 1 / 146 2018 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 天健会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人葛梅荣、主管会计工作负责人邬建昌及会计机构负责人（会计主管人员）陈红兵 声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经天健会计师事务所（特殊普通合伙）审计，2018 年度母公司实现净利润 467,732,741.56 元，提取 10%法定公积金计 46,773,274.16 元，加 2018 年初未分配利润 1,371,601,540.32 元， 扣除 2017 年度现金分红 115,169,287.20 元（含税），2018 年度合计可供股东分配的利润为 1,677,391,720.52 元。公 ...

Financial Performance - Operating revenue for the first nine months reached CNY 730,579,832.44, a 4.68% increase year-on-year[7] - Net profit attributable to shareholders decreased by 4.18% to CNY 306,312,166.19 compared to the same period last year[7] - Basic earnings per share decreased by 4.55% to CNY 0.21[8] - The total profit for the first nine months of 2018 was CNY 399,927,237.53, compared to CNY 416,076,149.97 in the previous year, indicating a decrease of 3.9%[34] - The company's total comprehensive income for Q3 2018 was CNY 40,574,863.28, a decrease from CNY 72,681,922.44 in Q3 2017[34] - The net profit for Q3 2018 reached CNY 81,760,347.83, up from CNY 79,808,338.28 in the same period last year, reflecting a growth of 2.4%[34] - The company's operating revenue for Q3 2018 was CNY 186,860,924.31, an increase of 13.9% compared to CNY 164,062,730.57 in Q3 2017[36] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to CNY 1,553,873,578.51, compared to a negative cash flow of CNY -95,529,994.97 in the same period last year[7] - Cash inflows from operating activities for the first nine months of 2018 totaled ¥2,140,308,344.59, while cash outflows amounted to ¥586,434,766.08, resulting in a net cash flow of ¥1,553,873,578.51[41] - The total cash and cash equivalents at the end of Q3 2018 amounted to ¥1,504,183,795.19, up from ¥383,130,442.47 at the end of Q3 2017, representing an increase of approximately 292.5%[42] - The net increase in cash and cash equivalents was $1,055,172,563.85, a substantial rise from $54,464,835.02 in the prior year[46] - The ending balance of cash and cash equivalents reached $1,183,514,072.73, significantly higher than $94,572,187.92 at the end of the same quarter last year[46] Assets and Liabilities - Total assets increased by 13.70% to CNY 9,934,373,566.64 compared to the end of the previous year[7] - The total liabilities as of September 30, 2018, amounted to ¥4,654,374,964.99, compared to ¥3,663,657,666.74 at the beginning of the year, representing a growth of 27.1%[27] - Current liabilities totaled ¥4,371,590,711.34, an increase of 29.7% from ¥3,369,283,727.45 at the start of the year[27] - The company's total non-current assets amounted to ¥6,250,102,632.34, an increase from ¥5,982,200,084.08 at the start of the year, representing a growth of 4.5%[30] Shareholder Information - The total number of shareholders reached 40,254 by the end of the reporting period[13] - The largest shareholder, Shaoxing Keqiao District, holds 35.78% of the shares[13] Investment Activities - The company completed the establishment of a financial investment company with a registered capital of ¥50,000,000, but decided to terminate the investment in an internet financial service company due to regulatory changes[18] - The company acquired 75% of Zhejiang China Light Textile City Network Co., Ltd. for ¥20,351,032.05 and plans to increase its capital by ¥10,000,000 after the acquisition[18] - The company holds 3,396,047 shares of Ruifeng Bank, which plans to issue A-shares pending regulatory approval[19] Other Income and Expenses - The company reported non-operating income of CNY 12,203,153.05 for the first nine months, primarily from government subsidies[11] - Sales expenses rose by 53.13% to ¥1,731,13 million, driven by increased marketing costs for newly acquired clothing markets[17] - The tax expenses for Q3 2018 were CNY 29,302,822.10, compared to CNY 27,147,014.52 in Q3 2017, reflecting an increase of 7.9%[34] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[37]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 468,398,293.13, representing a 1.05% increase compared to the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 227,436,536.83, a decrease of 6.73% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 218,211,858.62, down 4.49% from the previous year[19]. - Basic earnings per share for the first half of 2018 were CNY 0.16, down 5.88% compared to the same period last year[21]. - The diluted earnings per share were also CNY 0.16, reflecting the same percentage decrease[21]. - The weighted average return on net assets was 4.53%, a decrease of 0.47 percentage points year-on-year[21]. - The company achieved operating revenue of CNY 468.40 million, representing a year-on-year growth of 1.05%[34]. - The net profit attributable to shareholders decreased by 6.73% to CNY 227.44 million[34]. - The company reported a net profit of CNY 236,431,509.82, a decrease of 6.1% from CNY 251,853,688.49 in the previous year[95]. - The total comprehensive income for the first half of 2018 was CNY 279,337,396.61, slightly down from CNY 285,707,981.48 in the previous year[95]. Cash Flow and Assets - The net cash flow from operating activities was CNY 1,447,130,542.25, showing a significant improvement compared to the previous year's negative cash flow[19]. - The company reported a significant rise in prepayments, which increased to CNY 3,075,395.02 from CNY 480,755.69, representing a growth of approximately 539%[87]. - Cash and cash equivalents increased to ¥1,366,300,029.95, representing 13.71% of total assets, up 123.36% from the previous period[37]. - The total assets of the company reached 3,878.27 million yuan, with net assets attributable to shareholders amounting to 3,060.29 million yuan, and operating revenue of 582.63 million yuan, resulting in a net profit of 86.55 million yuan for the reporting period[47]. - The company's total assets increased to CNY 7,860,955,442.09, compared to CNY 6,441,720,445.29 at the end of the previous period, reflecting a growth of 21.9%[93]. - The total equity attributable to the parent company at the end of the period was 5,239,423,738.37 CNY, showing an increase from 4,827,264,835.26 CNY at the end of the previous period[109]. Investments and Acquisitions - The company completed the acquisition of 75% equity in Zhejiang China Light Textile City Network Co., Ltd. for 20.35 million yuan and plans to increase capital by 10 million yuan post-acquisition[49]. - The company made an additional investment of ¥5 million in the online light textile city during the reporting period[39]. - The company has established a financial investment company with a registered capital of 50 million yuan, focusing on capital management and project investment[50]. - The company reported an investment income of CNY 98,891,440.99, a decrease of 7.5% compared to CNY 106,706,475.23 in the previous year[94]. Shareholder and Equity Information - The total number of shares increased from 1,046,993,520 to 1,465,790,928, representing a 40% increase due to a capital reserve conversion plan approved at the 2017 annual general meeting[73]. - The company distributed 418,797,408 new shares to shareholders at a ratio of 4 shares for every 10 shares held[73]. - The largest shareholder, Shaoxing Keqiao China Light Textile City Market Development Group Co., Ltd., held 524,450,759 shares, accounting for 35.78% of total shares[77]. - The company did not report any changes in the controlling shareholder or actual controller during the reporting period[78]. Corporate Governance and Compliance - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal environment[62]. - The company has maintained good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[62]. - The actual controller and shareholders have made commitments regarding the management and operational activities, ensuring no harm to the company's interests[59]. - The company has included 15 subsidiaries in its consolidated financial statements, expanding its operational scope[119]. Market and Operational Strategy - The company plans to continue enhancing the integration of online and offline market operations[31]. - The company aims to improve the business environment by enhancing safety management and market infrastructure[30]. - The company operates in the textile market leasing and property management sector, with a focus on providing related services[118]. - The company plans to continue its investment in new technologies and market expansion initiatives in the upcoming periods[109]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations[121]. - The accounting policies comply with the enterprise accounting standards, ensuring accurate reflection of financial status and results[123]. - The company recognizes revenue from sales when the risks and rewards of ownership are transferred to the buyer, and the amount can be reliably measured[171]. - The company adopts a short operating cycle of 12 months for asset and liability liquidity classification[125].

Financial Performance - Net profit attributable to shareholders was CNY 92,804,648.72, a decrease of 0.54% year-on-year[5]. - Operating revenue for the period was CNY 231,034,756.31, representing a year-on-year increase of 1.14%[5]. - Basic earnings per share remained stable at CNY 0.09[5]. - Net profit for Q1 2018 was CNY 96,402,019.45, compared to CNY 96,559,817.34 in the prior year, reflecting a decrease of approximately 0.2%[32]. - The company reported a total comprehensive income of CNY 156,494,444.90 for Q1 2018, compared to CNY 217,555,323.68 in the previous year, a decline of about 28%[33]. - The net profit for Q1 2018 was approximately 85.89 million, compared to 86.56 million in the previous period, indicating a decrease of about 0.77%[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,592,417,293.91, a decrease of 1.66% compared to the end of the previous year[5]. - The company's total equity increased from CNY 5,074,055,628.96 to CNY 5,231,750,073.86 during the reporting period[26]. - The total liabilities of the company decreased from CNY 3,663,657,666.74 to CNY 3,360,667,220.05 during the same period[26]. - The company's current assets decreased from CNY 1,172,533,663.26 at the beginning of the year to CNY 689,693,121.32 by the end of the reporting period[24]. - Total liabilities for Q1 2018 were CNY 1,542,464,185.38, slightly down from CNY 1,569,498,736.87, indicating a decrease of approximately 1.7%[30]. Cash Flow - The net cash flow from operating activities was CNY -43,547,145.01, showing an improvement compared to CNY -78,817,691.75 in the same period last year[5]. - Cash inflows from operating activities totaled approximately 140.91 million, a decrease from 158.00 million in the previous period, reflecting a decline of about 10.73%[38]. - Cash outflows from operating activities were approximately 184.45 million, compared to 236.82 million in the previous period, indicating a decrease of about 22.05%[38]. - The net cash flow from investment activities was negative at approximately -299.66 million, a significant decline from 211.78 million in the previous period[38]. - The ending cash and cash equivalents balance was approximately 269.71 million, down from 362.34 million in the previous period, representing a decrease of about 25.56%[39]. Shareholder Information - The number of shareholders at the end of the reporting period was 41,628[10]. - The largest shareholder, Shaoxing Keqiao China Light Textile City Market Development Co., Ltd., held 35.78% of the shares[10]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 4,054,384.35 during the reporting period[8]. - Non-recurring gains and losses totaled CNY 5,884,571.39, primarily from government subsidies and other income[9]. Operational Developments - The company completed the acquisition of 50.50% equity in the fabric market and assets in the apparel market for a total of 6,970.54 million, which was approved by relevant authorities[16]. - The company has initiated a priority leasing strategy for the new apparel market, successfully completing the recruitment of operating entities[16]. - The company plans to establish a financial services company with a registered capital of 50 million, focusing on capital management and investment consulting[18]. Legal and Equity Transfer Matters - The company is currently pursuing legal action to enforce the collection of outstanding equity transfer payments[21]. - As of the report date, Zhejiang China Light Textile City Group Co., Ltd. has received CNY 1 million of the equity transfer payment, with CNY 6.5 million and corresponding penalties still outstanding[21].