深中华B:深圳中华自行车（集团）股份有限公司2023年第三季度报告全文（英文版）

深圳中华自行车（集团）股份有限公司2023年第三季度报告

Stock code: 000017 200017 Notice No.: 2023-029

Short form of the stock: Zhonghua-A Zhonghua-B

Shenzhen China Bicycle Company (Holdings) Limited

The Third Quarterly Report for 2023

The Company and whole members of the BOD guarantee that the information disclosed is true

accurate and complete and there are no any fictitious records misleading statements or important

omissions.Important content reminder:

1. Board of Directors Supervisory Committee all directors supervisors and senior executives of Shenzhen China

Bicycle Company (Holdings) Limited (hereinafter referred to as the Company) hereby confirm that there are no

any fictitious statements misleading statements or important omissions carried in this report and shall take all

responsibilities individual and/or joint for the reality accuracy and completion of the whole contents.

2. Principal of the Company Person in Charge of Accounting Works and Person in Charge of Accounting Organ

(Accounting Officer) hereby confirm that the Financial Report of the Third Quarterly Report is authentic accurate

and complete.

3. Whether the Third Quarterly Report has been audited or not

□Yes □No

I. Main financial data

(i) Main accounting data and financial indexes

Whether it has retroactive adjustment or re-statement on previous accounting data or not

□Yes □No

Increase/decrease from

Increase/decrease in

year-begin to period-

the period compared Year-begin to period-

Current period end compared with the with the same period of end

same period of the

the previous year

previous year

Operating income

(Yuan) 55503482.91 30.60% 348502645.41 133.64%

Net profit attributable

to shareholders of the

191639.21-92.89%5053938.11317.06%

listed company (Yuan)

Net profit attributable

to shareholders of the

listed company after

deducting non- 41781.30 -98.21% 5035148.64 9599.18%

recurring gains and

losses (Yuan)

1深圳中华自行车（集团）股份有限公司2023年第三季度报告

Net cash flow arising

from operating — — -39987025.48 -163.11%

activities (Yuan)

Basic earnings per

share (Yuan /Share) 0.0003 -93.88% 0.0073 231.82%

Diluted earnings per

share (Yuan /Share) 0.0003 -93.88% 0.0073 231.82%

Weighted average ROE

0.07%-30.62%1.76%-10.96%

Increase/decrease at the period-end compared

End of current period End of previous year with the end of the previous year

Total assets (Yuan) 360582593.97 397253487.93 -9.23%

Net assets attributable

to shareholder of listed 284783104.16 290129318.51 -1.84%

company (Yuan)

(ii) Items and amounts of non-recurring profit (gains)/losses

□Applicable □Not applicable

Unit: Yuan

Amount from year-begin to

Item Amount for the period Note

period-end

Government subsidy recorded

in current gains/losses (except

those closely related to the

Company’s normal operation

and those continuously 118407.65 120500.00

enjoyed on a fixed or

quantitative basis with certain

standards in accordance with

national policy regulations)

Reversal of the account

receivable depreciation

reserves subject to separate 3652.00 37272.00

impairment test

Other non-operating income

and expenses other than the

83116.26-126555.62

above

Less: impact on income tax 50112.69 6465.23

Impact on minority

shareholders’ equity (post- 5205.31 5961.68

tax)

Total 149857.91 18789.47 --

Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:

2深圳中华自行车（集团）股份有限公司2023年第三季度报告

□Applicable □Not applicable

The Company does not have other gain/loss items that qualified the definition of non-recurring profit (gains)/lossesExplanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss

□Applicable □Not applicableThe Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure forCompanies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss

(iii) Particulars about changes in items of main accounting data and financial index and explanations of

reasons

□Applicable □Not applicable

Period-end or the Period-begin or Year-on- Reason for change

Period last period year

increase and

decrease

Monetary fund 10767078.90 54699491.18 -80% Increased stocking in the Period

Recovery of payments in the

Account receivable 57762982.40 250069301.93 -77%

Period

Inventory 252527858.91 48206866.81 424% Increased stocking in the Period

New leased office space in the

Right-of-use assets 2009787.86 173936.71 1055%

Period

Increase in account payable from

Account payable 9441068.93 2877423.23 228%

gold and jewellery business

The tax payable at beginning of

Tax payable 951585.98 38144508.36 -98% the Period was settle basically in

the Period

In Q4 of 2022 the Company

completed the non-public

offering to raise the capital for

Operating income 348502645.41 149163326.31 134%

business expansionwhich

resulted in an increase in

operating income for the period

Costs increased correspondingly

Operating costs 330412351.09 138106342.56 139% with the growth of operation

revenue

The account receivable declined

Credit impairment loss (loss is "-") 683106.90 232267.80 194% reversal of the prior-period

separate bad debt provision

Profit growth in the Period the

Income tax expenses 1715566.42 112541.40 1424% income tax expenses increased

correspondingly

Cash received from selling Operation revenue increased in

commodities and providing labor 583081972.50 152183072.33 283% the Period and collection of the

services account receivable

Cash paid for purchasing

Purchasing material and stocking

commodities and receiving labor 607900711.82 154426183.07 294% increased in the Period

service

Net cash flows arising from Purchasing material and stocking

-39987025.48-15197714.21163%

operating activities increased in the Period

3深圳中华自行车（集团）股份有限公司2023年第三季度报告

II. Shareholders Information

(i) Total number of common shareholders and preference shareholders with voting rights recovered and

top ten common shareholders

Unit: Share

Total common shareholders at the end of Total preference shareholders with voting rights

409650

report period recovered at end of reporting period (if applicable)

Top ten shareholders

Proporti Information of shares pledged

Amount of

Nature of on of Amount of tagged or frozen

Shareholder’s name restricted

shareholder shares shares held

shares held State of share Amount

held

Wansheng Industrial

Domestic non-

Holdings

state-owned legal 20.00% 137836986 137836986 - -

(Shenzhen) Co.person

Ltd.Shenzhen Guosheng

Domestic non-

Energy Investment

state-owned legal 9.22% 63508747 0 - -

Development Co.person

Ltd.UOB Kay Hian

Foreign legal

(Hong Kong) 2.31% 15907850 0 - -

person

Limited

Guosen Securities

Foreign legal

(HK) Brokerage 2.02% 13909425 0 - -

person

Co. Ltd.Shenwan Hongyuan

Foreign legal

Securities (Hong 1.20% 8281156 0 - -

person

Kong) Co. Ltd.Lhasa Xingqing

Domestic non-

Network

state-owned legal 0.67% 4600255 0 - -

Technology Co.person

Ltd.Domestic nature

Li Huili 0.56% 3891124 0 - -

person

Domestic nature

Liu Ligang 0.47% 3229700 0 - -

person

Domestic nature

Ge Zhiqiong 0.44% 3050452 0 - -

person

Domestic nature

Xu Hongbo 0.42% 2927319 0 - -

person

Particular about top ten shareholders with un-restrict shares held

Amount of un-restrict shares held at Period- Type/Amount

Full name of Shareholders

end Type Amount

Shenzhen Guosheng Energy Investment RMB common

6350874763508747

Development Co. Ltd. shares

Domestically

UOB Kay Hian (Hong Kong) Limited 15907850 listed foreign 15907850

Domestically

Guosen Securities (HK) Brokerage Co.

13909425 listed foreign 13909425

Ltd.shares

Shenwan Hongyuan Securities (Hong 8281156 Domestically 8281156

4深圳中华自行车（集团）股份有限公司2023年第三季度报告

Kong) Co. Ltd. listed foreign

Lhasa Xingqing Network Technology RMB common

46002554600255

Co. Ltd. shares

Domestically

Li Huili 3891124 listed foreign 3891124

RMB common

Liu Ligang 3229700 3229700

Domestically

Ge Zhiqiong 3050452 listed foreign 3050452

Domestically

Xu Hongbo 2927319 listed foreign 2927319

Domestically

China Merchants Securities (HK) Co.

2894135 listed foreign 2894135

Ltd

Li Huili spouse of Ji Hanfei the actual controller of Shenzhen

Guosheng Energy Investment Development Co. Ltd. holding B-share

of the Company on behalf of Shenzhen Guosheng Energy Investment

Explanation on associated relationship among the Development Co. Ltd. other than that the Company does not know

aforesaid shareholders whether the other outstanding shareholders are related and whether the

shareholders belong to persons acting in concert regulated in the

Administration of Disclosure of Information on the Change of

Shareholders in Listed Companies.Explanation on top 10 shareholders involving margin

N/A

business (if applicable)

(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred

stock held

□Applicable □Not applicable

III. Important matters

□Applicable □Not applicable

1.Completion of the purchase of minority interests from controlling subsidiary

In order to integrate resources in a further step optimize the resources allocation and improve the competitiveness and

comprehensive strength of the Company in field of jewelry and gold in June 2023 the Proposal of Purchase of Minority Interest

from Controlling Subsidiary and Related Traction was deliberated and approved by the Board and Shareholders’ General Meeting

respectively. On the basis of Assets Appraisal Report on Some of the Shareholders’ Interests Involved in Proposed Equity Transfer

of Shenzhen Xinsen Jewelry Gold Supply Chain Co. Ltd(YUWEI PBZi[2023]No.041) issued by YUWEI International Assets

Appraisal (Shenzhen) Co. Ltd. the Company purchased 35% equity of Xinsen Company held by Zuankinson Company with RMB

25.55 million. After the equity purchased the Company holds 100% equity of Xinsen Company and Xinsen Company becomes a

wholly-owned subsidiary of the Company. Found more in the Notice on Purchase of Minority Interest from Controlling Subsidiary

and Related Traction (No.:2023019) released on Juchao Website dated June 7 2023. As at the end of reporting period the

procedures of industrial & commercial change has completed. Found more in the Notice of Progress on Purchase of Minority

Interest from Controlling Subsidiary released on Juchao Website dated August 11 2023.

5深圳中华自行车（集团）股份有限公司2023年第三季度报告

IV. Financial Statement

(1) Financial statement

1. Consolidate Balance Sheet

Prepared by Shenzhen China Bicycle Company (Holdings) Limited

2023-09-30

Unit: Yuan

Item 2023-9-30 2023-1-1

Current assets:

Monetary fund 10767078.90 54699491.18

Settlement provisions

Capital lent

Trading financial assets

Derivative financial assets

Note receivable 839035.38 1102000.00

Account receivable 57762982.40 250069301.93

Receivable financing

Accounts paid in advance 3723398.37 4286935.15

Insurance receivable

Reinsurance receivables

Contract reserve of reinsurance

receivable

Other account receivable 452787.36 438477.82

Including:Interest receivable

Dividend receivable

Buying back the sale of financial

assets

Inventories 252527858.91 48206866.81

Contractual assets

Assets held for sale

Non-current asset due within one

year

Other current assets 29554062.62 35453106.62

Total current assets 355627203.94 394256179.51

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 2344005.69 2304402.38

Construction in progress

Productive biological asset

Oil and gas asset

Right-of-use assets 2009787.86 173936.71

Intangible assets

6深圳中华自行车（集团）股份有限公司2023年第三季度报告

Expense on Research and

Development

Goodwill

Long-term expenses to be

apportioned

Deferred income tax asset 201596.48 118969.33

Other non-current asset 400000.00 400000.00

Total non-current asset 4955390.03 2997308.42

Total assets 360582593.97 397253487.93

Current liabilities:

Short-term loans

Loan from central bank

Capital borrowed

Trading financial liability

Derivative financial liability

Note payable

Account payable 9441068.93 2877423.23

Accounts received in advance

Contractual liability 929025.56 791762.84

Selling financial asset of repurchase

Absorbing deposit and interbank

deposit

Security trading of agency

Security sales of agency

Wage payable 790354.23 769992.42

Taxes payable 951585.98 38144508.36

Other account payable 61032490.48 48621087.98

Including: Interest payable

Dividend payable

Commission charge and

commission payable

Reinsurance payable

Liability held for sale

Non-current liabilities due within

one year 210892.38

Other current liabilities 218.58 102929.16

Total current liabilities 73144743.76 91518596.37

Non-current liabilities:

Insurance contract reserve

Long-term loans

Bonds payable

Including: Preferred stock

Perpetual capital

securities

Lease liability 2009787.86

Long-term account payable

Long-term wages payable

Accrual liability 887342.00

Deferred income

Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 2009787.86 887342.00

Total liabilities 75154531.62 92405938.37

Owner’s equity:

Share capital 689184933.00 689184933.00

Other equity instrument

Including: Preferred stock

Perpetual capital

7深圳中华自行车（集团）股份有限公司2023年第三季度报告

securities

Capital public reserve 768424318.49 778824470.95

Less: Inventory shares

Other comprehensive income

Reasonable reserve

Surplus public reserve 32673227.01 32673227.01

Provision of general risk

Retained profit -1205499374.34 -1210553312.45

Total owner’ s equity attributable to

parent company 284783104.16 290129318.51

Minority interests 644958.19 14718231.05

Total owner’ s equity 285428062.35 304847549.56

Total liabilities and owner’ s equity 360582593.97 397253487.93

Legal Representative: Wang Shenghong

Person in charge of Accounting Works: Sun Longlong

Person in charge of Accounting Institution: She Hanxing

2. Consolidated Profit Statement (from the year-begin to the period-end)

Unit: Yuan

Item Current period Last period

I. Total operating income 348502645.41 149163326.31

Including: Operating income 348502645.41 149163326.31

Interest income

Insurance gained

Commission charge and

commission income

II. Total operating cost 341335709.83 147912822.83

Including: Operating cost 330412351.09 138106342.56

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 199337.45 55441.13

Sales expense 4332882.87 3365288.77

Administrative expense 5838050.17 5615729.65

R&D expense 618551.26 819436.21

Financial expense -65463.01 -49415.49

Including: Interest

expenses

Interest income 83542.26 71657.13

Add: other income 122592.35 153395.80

Investment income (Loss is

listed with “-”)

Including: Investment income

on affiliated company and joint venture

The termination of

8深圳中华自行车（集团）股份有限公司2023年第三季度报告

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 “-”) 683106.90 232267.80

Losses of devaluation of asset

(Loss is listed with “-”)

Income from assets disposal

(Loss is listed with “-”)

III. Operating profit (Loss is listed with

“-”)7972634.831636167.08

Add: Non-operating income 2039743.85 1829385.90

Less: Non-operating expense 2166299.47 1169767.54

IV. Total profit (Loss is listed with “-”) 7846079.21 2295785.44

Less: Income tax expense 1715566.42 112541.40

V. Net profit (Net loss is listed with “-”) 6130512.79 2183244.04

(i) Classify by business continuity

1.continuous operating net profit(net loss listed with ‘-”) 6130512.79 2183244.04

2.termination of net profit (net losslisted with ‘-”)

(ii) Classify by ownership

1.Net profit attributable to owner’s

of parent company (net loss listed with ‘- 5053938.11 1211813.81

”)

2.Minority shareholders’ gains andlosses (net loss listed with ‘-”) 1076574.68 971430.23

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

9深圳中华自行车（集团）股份有限公司2023年第三季度报告

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 6130512.79 2183244.04

(i) Total comprehensive income

attributable to owners of parent 5053938.11 1211813.81

Company

(ii) Total comprehensive income

attributable to minority shareholders 1076574.68 971430.23

VIII. Earnings per share:

(i) Basic earnings per share 0.0073 0.0022

(ii) Diluted earnings per share 0.0073 0.0022

Enterprise combine under the same control in the Period the combined party realized net profit of 0.00 Yuan before combination

and realized 0.00 Yuan at last period for combined party

Legal Representative: Wang Shenghong

Person in charge of Accounting Works: Sun Longlong

Person in charge of Accounting Institution: She Hanxing

3. Consolidated Cash Flow Statement (from the year-begin to the period-end)

Unit: Yuan

Item Current period Last period

I. Cash flows arising from operating

activities:

Cash received from selling

commodities and providing labor 583081972.50 152183072.33

services

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 844213.44

Other cash received concerning

19907425.37

operating activities 8637599.85

Subtotal of cash inflow arising from

602989397.87

operating activities 161664885.62

Cash paid for purchasing

commodities and receiving labor service 607900711.82 154426183.07

10深圳中华自行车（集团）股份有限公司2023年第三季度报告

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 5533619.97 6056296.15

Taxes paid 11085555.22 710149.53

Other cash paid concerning

18456536.34

operating activities 15669971.08

Subtotal of cash outflow arising from

642976423.35

operating activities 176862599.83

Net cash flows arising from operating

-39987025.48

activities -15197714.21

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 168764.97 43052.03

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 168764.97 43052.03

Net cash flows arising from investing

activities -168764.97 -43052.03

III. Cash flows arising from financing

activities

Cash received from absorbing

investment

Including: Cash received from

absorbing minority shareholders’

investment by subsidiaries

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

Including: Dividend and profit of

minority shareholder paid by subsidiaries

Other cash paid concerning financing 336310.70

11深圳中华自行车（集团）股份有限公司2023年第三季度报告

activities

Subtotal of cash outflow from financing

336310.70

activities

Net cash flows arising from financing

-336310.70

activities

IV. Influence on cash and cash

equivalents due to fluctuation in

exchange rate

V. Net increase of cash and cash

equivalents -40155790.45 -15577076.94

Add: Balance of cash and cash

equivalents at the period-begin 50922869.35 33246957.92

VI. Balance of cash and cash equivalents

at the period-end 10767078.90 17669880.98

(ii)Adjustment to the items related to financial statements at the beginning of the year when implemented

the new accounting standards for the first time from 2023

□Applicable □Not applicable

(iii) Audit report

Whether the 3rd quarterly report has been audited or not

□Yes □No

The 3rd quarterly report of the Company has not been audited.Board of Directors of

Shenzhen China Bicycle Company (Holdings) Limited

October 27 2023

行情