Shenzhen China Bicycle Company (Holdings) Limited
First Quarterly Report 2021
April 2021
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen China Bicycle
Company (Holdings) Limited (hereinafter referred to as the Company) and its
directors supervisors and senior executives should guarantee the reality
accuracy and completion of the quarterly report there are no any fictitious
statements misleading statements or important omissions carried in this report
and shall take legal responsibilities individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Li Hai person in charge of the Company Sun Longlong person in charge of
accounting works and Zhong Xiaojin person in charge of accounting organ
(accounting officer) hereby confirm that the Financial Report of this Quarterly
Report is authentic accurate and complete.Section II. Basic Information of the Company
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √No
Current Period Same period of last year
Changes of this period over
same period of last year
Operating income (RMB) 23163329.56 7434449.73 211.57%
Net profit attributable to shareholders of
the listed company (RMB)
-211535.36 -591902.33 64.26%
Net profit attributable to shareholders of
the listed company after deducting
non-recurring gains and losses (RMB)
-211535.36 -692274.89 69.44%
Net cash flow arising from operating
activities (RMB)
1399162.83 459865.86 204.25%
Basic earnings per share (RMB/Share) -0.0004 -0.0011 63.64%
Diluted earnings per share (RMB/Share) -0.0004 -0.0011 63.64%
Weighted average ROE -1.96% -8.67% 6.71%
At the end of the reporting
period
At the end of last year
Changes of this period-end
over same period-end of last
year
Total assets (RMB) 86197389.31 91742769.99 -6.04%
Net assets attributable to shareholder of
listed company (RMB)
10693695.62 10905230.98 -1.94%
Items of non-recurring gains and losses
□ Applicable √ Not applicable
There were no non-recurring profit and loss items during the reporting period.II. Total number of shareholders at the end of this report period and top ten shareholders
1. Total number of common shareholders and preference shareholders with voting rights recovered and top
ten common shareholders
In share
Total number of common 38871 Total preference shareholders with 0
shareholders at the end of report
period
voting rights recovered at end of
reporting period (if applicable)
Top ten shareholders
Shareholder’s
name
Nature of
shareholder
Proportion of
shares held
Amount of shares
held
Amount of
restricted shares
held
Number of share pledged/frozen
State of share Amount
Shenzhen
Guosheng Energy
Investment
Development
Co. Ltd.
Domestic
non-state-owned
legal person
11.52% 63508747 0 - -
UOB Koy Hian
(Hong Kong)
Co. Ltd.
Foreign legal
person
2.89% 15907850 0 - -
Guosen Securities
(Hong Kong)
brokerage Co.Ltd.
Foreign legal
person
2.52% 13909425 0 - -
Shenwan
Hongyuan
Securities (Hong
Kong) Co. Ltd.
Foreign legal
person
1.50% 8283272 0 - -
Lhasa Xingqing
Network
Technology Co.Ltd.
Domestic
non-state-owned
legal person
0.83% 4600255 0 - -
Wu Xiaoping
Domestic nature
person
0.74% 4070300 0 - -
Li Huili
Domestic nature
person
0.71% 3891124 0 - -
LI SHERYN
ZHAN MING
Foreign natural
person
0.63% 3480187 0 - -
Ge Zhiqiong
Domestic nature
person
0.62% 3395752 0 - -
Xu Hongbo
Domestic nature
person
0.58% 3187519 0 - -
Top ten shareholders with unrestricted shares held
Shareholder’s name Amount of unrestricted shares held
Type of shares
Type Amount
Shenzhen Guosheng Energy
Investment Development Co. Ltd.
63508747
RMB common
shares
63508747
UOB Koy Hian (Hong Kong) Co.
Ltd.
15907850
Domestically
listed foreign
shares
15907850
Guosen Securities (Hong Kong)
brokerage Co. Ltd.
13909425
Domestically
listed foreign
shares
13909425
Shenwan Hongyuan Securities
(Hong Kong) Co. Ltd.
8283272
Domestically
listed foreign
shares
8283272
Lhasa Xingqing Network
Technology Co. Ltd.
4600255
RMB common
shares
4600255
Wu Xiaoping 4070300
RMB common
shares
4070300
Li Huili 3891124
Domestically
listed foreign
shares
3891124
LI SHERYN ZHAN MING 3480187
Domestically
listed foreign
shares
3480187
Ge Zhiqiong 3395752
RMB common
shares
691300
Domestically
listed foreign
shares
2704452
Xu Hongbo 3187519
Domestically
listed foreign
shares
3187519
Explanation on associated
relationship among the aforesaid
shareholders
Li Huili spouse of the Ji Hanfei the actual controller of he Company- Shenzhen Guosheng
Energy Investment Development Co. Ltd. holding B-share of the Company on behalf of
Shenzhen Guosheng Energy Investment Development Co. Ltd. beyond that the Company
has no idea of whether other circulated shareholders belong to concerted action persons ruled
in the Administration Norms for Information Disclosure of Change on Shareholding of
Shareholders of Listed Companies.
Explanation on top ten common
shareholders involving margin
business (if applicable)
N/A
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
Section III. Significant Event
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
√ Applicable □ Not applicable
Item
Ending or the
period
Opening or last
period
Increase/decrease
y-o-y
Reasons of changes
Accounts receivable 47310280.32 55031424.70 -14.03% Received payment for goods from
client in the Period
Advance payment 1982489.68 816541.52 142.79% The account paid in advance from
subsidiary increased
Accounts payable 2617855.74 9606144.94 -72.75% Payment for goods to suppliers in
the Period
Operating income 23163329.56 7434449.73 211.57% Revenue from Jewelry & gold
business increased
Operating cost 20752454.71 7138011.11 190.73% Costs from Jewelry & gold
business increased
Management costs 1328263.03 566297.41 134.55% Revenue growth was mainly led to
cost increases
R&D expenses 856296.32 370866.09 130.89% R&D expenses from subsidiary
Xinsen Company increased
Net cash flow from operating
activities
1399162.83 459865.86 204.25% Growth of the guarantee received
Net cash flow from financing
activities
0.00 3250000.00 -100.00% The capital increment of subsidiary
last period
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicable
1. Planning of the Non-public Offering shares
On December 30 2020 the company held the third extraordinary general meeting of shareholders in 2020 and reviewed and
approved the new plan for non-public issuance of A shares intending to raise funds from Wansheng Industrial Company through
non-public issuance of shares not exceeding 293.6 million yuan which would be used to supplement working capital after deducting
issuance costs this issuance would lead to changes in the company's right of control. On 12 March 2021 the Company received an
Application Acceptance from CSRC (Acceptance No.:210576) issued by China Securities Regulatory Commission(hereinafter
referred to as CSRC). The CSRC reviewed the application materials submitted by the Company for the administrative license of
“Approval of Non-public Offering of Shares by Listed Company (Main Board of A-share and Small & Medium-sized Board
B-share)” in accordance with the laws and considered that all the application materials were completed and in compliance with thestatutory form decided to accept the application for the administrative license. The “Notice on First Feedback for AdministrativeLicensing of CSRC” (No.: 210576) was received by the Company dated 23 March 2021 issued from CSRC. Currently the Company
and intermediaries have completed the response work on 21 April 2021 and follow-up works are in progress. The non-public
offering of shares is subject to the approval by CSRC and there is uncertainty as to whether it will be approved and when it will
finally be approved. The Company will perform the obligation of information disclosure in a timely manner in strictly accordance
with the provisions and requirement of relevant laws and regulations according to the review progress of the CSRC on the application.Majority of the investors are urged to invest rationally and pay attention to the investment risks.
2. Application for and recognition as the national high-tech enterprise
On the basis of the works from 2017 to 2019 the Company completed the preparations for applying for national high-tech enterprises
in 2020 and submits the application materials officially. In January 2021 the Company received the “High-tech Enterprise
Certificate” (Certificate No.: GR202044200651 Date of issue 2020 December 11 valid for three years) jointly issued by Shenzhen
Science & Technology Innovation Committee Shenzhen Municipal Finance Bureau and Shenzhen Tax Service State Taxation
Administration. In accordance with the Law of the People’s Republic of China on Enterprise Income Tax and relevant regulations of
the national preferential tax policy for the high-tech enterprises the Company enjoys the relevant preferential tax policies for
high-tech enterprises for three consecutive years (2020-2022) after passing the high-tech enterprise certification that is pay corporate
income tax at a rate of 15% (tax rate is reduced from 25% to 15%).Overview Date of disclosure
Query index of temporary Notice on
website
Acceptance of Non-public Offering of
Shares by CSRC
March 13 2021
Juchao website:（http://www.cninfo.com.cn） Notice No.:
2021005Received the “Notice on First Feedback for
Administrative Licensing of CSRC”
March 25 2021
Juchao website:（http://www.cninfo.com.cn） Notice No.:
2021007Reply on the “Notice on First Feedback for
Administrative Licensing of CSRC”
April 21 2021
Juchao website:（http://www.cninfo.com.cn） Notice No.:
2021011
Acquisition of the High-tech Enterprise
Certification by the Company
January 30 2021
Juchao website:（http://www.cninfo.com.cn） Notice No.:
2021002
Progress of shares buy-back
□Applicable √Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□Applicable √Not applicable
III. Commitments completed in Period and those without completed till end of the Period
from actual controller shareholders related parties purchaser and companies
□ Applicable √ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller
shareholders related parties purchaser and companies.IV. Financial asset investment
1. Securities investment
□ Applicable √ Not applicable
No security investment in the Period.
2. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of business performance from January – June 2021
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the
warning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Trust financing
□ Applicable √ Not applicable
No trust financing in the Period.IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the period.X. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation form controlling shareholders and its related party in the period.XI. Registration form for receiving research communication and interview in the report
period
√ Applicable □ Not applicable
Time
Reception
location
Way Reception type Object
Main content
and information
provided
Basic situation index of
investigation
January 20 2021 The Company
Telephone
communication
Individual
Individual
investor
Consulting
company
restructuring
progress
N/A
February 24
2021
The Company
Telephone
communication
Individual
Individual
investor
Consulting
company’s
non-public
issuance of
shares
N/A
March 22 2021 The Company
Telephone
communication
Individual
Individual
investor
Advisory
company risk
delisting
warnings
N/A
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
March 31 2021
In RMB
Item March 31 2021 March 31 2020
Current assets:
Monetary fund 21281182.89 19887978.05
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 47310280.32 55031424.70
Receivable financing
Accounts paid in advance 1982489.68 816541.52
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 579573.59 576770.36
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 6416162.78 7729325.94
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 3430844.40 2715425.31
Total current assets 81000533.66 86757465.88
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment
Investment in other equity
instrument
Other non-current financial assets
Investment real estate
Fixed assets 3703684.90 3792133.36
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 793170.75 793170.75
Other non-current asset 700000.00 400000.00
Total non-current asset 5196855.65 4985304.11
Total assets 86197389.31 91742769.99
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 2617855.74 9606144.94
Accounts received in advance
Contractual liability 14531723.13 15254713.38
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 848056.19 1459244.07
Taxes payable 1133138.54 722321.02
Other account payable 40546566.80 37882805.52
Including: Interest payable
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities 1089243.63 1175251.38
Total current liabilities 60766584.03 66100480.31
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long-term wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 60766584.03 66100480.31
Owner’s equity:
Share capital 551347947.00 551347947.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 627834297.85 627834297.85
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 32673227.01 32673227.01
Provision of general risk
Retained profit -1201161776.24 -1200950240.88
Total owner’ s equity attributable to
parent company
10693695.62 10905230.98
Minority interests 14737109.66 14737058.70
Total owner’ s equity 25430805.28 25642289.68
Total liabilities and owner’ s equity 86197389.31 91742769.99
Legal Representative: Li Hai
Person in charge of accounting works: Sun Longlong
Person in charge of accounting institute: Zhong Xiaojin
2. Balance Sheet of Parent Company
In RMB
Item March 31 2021 March 31 2020
Current assets:
Monetary funds 13006940.69 10097024.59
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 22883910.96 24274935.96
Receivable financing
Accounts paid in advance 2000.00 800000.00
Other account receivable 165263.05 115263.05
Including: Interest receivable
Dividend receivable
Inventories 559190.54 550421.78
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 2723617.95 2652771.13
Total current assets 39340923.19 38490416.51
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 19960379.73 19960379.73
Investment in other equity
instrument
Other non-current financial assets
Investment real estate
Fixed assets 3467111.22 3530501.40
Construction in progress
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets 700000.00 400000.00
Total non-current assets 24127490.95 23890881.13
Total assets 63468414.14 62381297.64
Current liabilities
Short-term borrowings
Trading financial liability
Derivative financial liability
Notes payable
Account payable 104793.58 748604.24
Accounts received in advance
Contractual liability 14445423.04 14685423.04
Wage payable 609824.68 1146371.58
Taxes payable 12694.69 24906.50
Other accounts payable 42142861.82 39409824.37
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities 1089243.63 1101243.63
Total current liabilities 58404841.44 57116373.36
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
Perpetual capital
securities
Lease liability
Long-term account payable
Long term employee compensation
payable
Accrued liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 58404841.44 57116373.36
Owners’ equity:
Share capital 551347947.00 551347947.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 627834297.85 627834297.85
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 32673227.01 32673227.01
Retained profit -1206791899.16 -1206590547.58
Total owner’s equity 5063572.70 5264924.28
Total liabilities and owner’s equity 63468414.14 62381297.64
3. Consolidated Profit Statement
In RMB
Item Current period Last period
I. Total operating income 23163329.56 7434449.73
Including: Operating income 23163329.56 7434449.73
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 23368934.41 8330675.93
Including: Operating cost 20752454.71 7138011.11
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee
slip
Reinsurance expense
Tax and extras 30648.14 4613.22
Sales expense 425618.74 256390.20
Administrative expense 1328263.03 566297.41
R&D expense 856296.32 370866.09
Financial expense -24346.53 -5502.10
Including: Interest
expenses
Interest income 35896.85 12272.75
Add: other income 2516.00 7598.72
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated company and joint venture
The termination of income
recognition for financial assets measured
by amortized cost(Loss is listed with “-”)
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
468.00 -7301.89
Losses of devaluation of asset
(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
“-”)
-202620.85 -895929.37
Add: Non-operating income 165570.00
Less: Non-operating expense 2676.80
IV. Total profit (Loss is listed with “-”) -202620.85 -733036.17
Less: Income tax expense 8863.55
V. Net profit (Net loss is listed with “-”) -211484.40 -733036.17
(i) Classify by business continuity
1.continuous operating net profit(net loss listed with ‘-”)
-211484.40 -733036.17
2.termination of net profit (net losslisted with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company
-211535.36 -591902.33
2.Minority shareholders’ gains and
losses
50.96 -141133.84
VI. Net after-tax of other comprehensive
income
Net after-tax of other comprehensive
income attributable to owners of parent
company
(i) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial assets
re-classify to other comprehensive
income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences
arising on translation of foreign currency
financial statements
7.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income -211484.40 -733036.17
Total comprehensive income
attributable to owners of parent Company
-211535.36 -591902.33
Total comprehensive income
attributable to minority shareholders
50.96 -141133.84
VIII. Earnings per share:
(i) Basic earnings per share -0.0004 -0.0011
(ii) Diluted earnings per share -0.0004 -0.0011
Enterprise combine under the same control in the Period the combined party realized net profit of 0 Yuan before combination and
realized 0 Yuan at last period for combined party
Legal Representative: Li Hai
Person in charge of accounting works: Sun Longlong
Person in charge of accounting institute: Zhong Xiaojin
4. Profit Statement of Parent Company
In RMB
Item Current period Last period
I. Operating income 4550349.53 2946875.03
Less: Operating cost 3639149.53 2554922.61
Taxes and surcharge 3144.60 1832.20
Sales expenses 154250.20 105145.80
Administration expenses 637813.27 306431.73
R&D expenses 346931.19 370866.09
Financial expenses -27085.77 -282.48
Including: interest
expenses
Interest income 32653.77 2982.02
Add: other income 2501.91 6088.07
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated Company and joint venture
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income on disposal of assets
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
“-”)
-201351.58 -385952.85
Add: Non-operating income 65570.00
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) -201351.58 -320382.85
Less: Income tax
IV. Net profit (Net loss is listed with
“-”)
-201351.58 -320382.85
(i)continuous operating net profit (netloss listed with ‘-”)
-201351.58 -320382.85
(ii) termination of net profit (netloss listed with ‘-”)
V. Net after-tax of other comprehensive
income
(i) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial
assets re-classify to other
comprehensive income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging
reserve
6.Translation differences
arising on translation of foreign
currency financial statements
7.Other
VI. Total comprehensive income -201351.58 -320382.85
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor
services
31191247.05 5190850.17
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Net increase of insured savings
and investment
Cash received from interest
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Net cash received by agents in sale
and purchase of securities
Write-back of tax received 2652.02 6453.35
Other cash received concerning
operating activities
7188346.22 5623782.06
Subtotal of cash inflow arising from
operating activities
38382245.29 10821085.58
Cash paid for purchasing
commodities and receiving labor
service
28648220.66 6267803.24
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Net increase of capital lent
Cash paid for interest commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 2644266.76 1456506.88
Taxes paid 335366.77 94267.49
Other cash paid concerning
operating activities
5355228.27 2542642.11
Subtotal of cash outflow arising from
operating activities
36983082.46 10361219.72
Net cash flows arising from operating
activities
1399162.83 459865.86
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal of
fixed intangible and other long-term
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
activities
Cash paid for purchasing fixed
intangible and other long-term assets
5957.99
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
activities
5957.99
Net cash flows arising from investing
activities
-5957.99
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
3250000.00
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
3250000.00
Cash received from loans
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities
3250000.00
Cash paid for settling debts
Cash paid for dividend and profit
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
activities
Net cash flows arising from financing
activities
3250000.00
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents
1393204.84 3709865.86
Add: Balance of cash and cash
equivalents at the period -begin
19887978.05 6074367.91
VI. Balance of cash and cash
equivalents at the period -end
21281182.89 9784233.77
6. Cash Flow Statement of Parent Company
In RMB
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor
services
4970937.00 1276508.00
Write-back of tax received 2652.02 6453.35
Other cash received concerning
operating activities
7203475.76 6183396.37
Subtotal of cash inflow arising from
operating activities
12177064.78 7466357.72
Cash paid for purchasing
commodities and receiving labor
service
2634458.80 382049.53
Cash paid to/for staff and workers 1894992.00 1191658.28
Taxes paid 58250.95 74306.27
Other cash paid concerning
operating activities
4673488.94 2153942.98
Subtotal of cash outflow arising from
operating activities
9261190.69 3801957.06
Net cash flows arising from operating
activities
2915874.09 3664400.66
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
Net cash received from disposal of
fixed intangible and other long-term
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
activities
Cash paid for purchasing fixed
intangible and other long-term assets
5957.99
Cash paid for investment 3250000.00
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
activities
5957.99 3250000.00
Net cash flows arising from investing
activities
-5957.99 -3250000.00
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities
Cash paid for settling debts
Cash paid for dividend and profit
distributing or interest paying
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
activities
Net cash flows arising from financing
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents
2909916.10 414400.66
Add: Balance of cash and cash
equivalents at the period -begin
10097024.59 1959804.92
VI. Balance of cash and cash
equivalents at the period -end
13006940.69 2374205.58
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new leasing
rules from 2021
□Applicable √Not applicable
2. Retrospective adjustment of the comparative data for initial new leasing rules from 2021
□Applicable √Not applicable
III. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.
Board of Directors of
Shenzhen China Bicycle Company (Holdings) Limited
29 April 2021
沪公网安备31011802005267号
