The Third Quarterly Report for 2024

Stock code: 000017 200017 Notice No.: 2024-032

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

Shenzhen China Bicycle Company (Holdings) Limited

The Third Quarterly Report for 2024

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

65962279.7518.84%279461877.00-19.81%

(Yuan)

Net profit attributable

to shareholders of the 1704494.53 789.43% 7422137.22 46.86%

listed company (Yuan)

Net profit attributable 980448.21 2246.62% 5973815.55 18.64%

1The Third Quarterly Report for 2024

to shareholders of the

listed company after

deducting non-

recurring gains and

losses (Yuan)

Net cash flow arising

from operating — — -58990458.24 -47.52%

activities (Yuan)

Basic earnings per

0.0025733.33%0.010847.95%

share (Yuan /Share)

Diluted earnings per

0.0025733.33%0.010847.95%

share (Yuan /Share)

Weighted average ROE 0.54% 0.47% 2.38% 0.62%

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) 372362775.22 369677494.32 0.73%

Net assets attributable

to shareholder of listed 316183383.38 308761246.16 2.40%

company (Yuan)

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

□Applicable □Not applicable

Unit: RMB/CNY

Amount from year-begin to

Item Amount for the period Note

period-end

Reversal of the account

receivable depreciation

13156.0054456.00

reserves subject to separate

impairment test

Other non-operating income

and expenses other than the 699639.33 1879774.20

above

Less: impact on income tax 178035.62 482938.75

Impact on minority

shareholders’ equity (post- -26338.44 2969.78

tax)

Total 561098.15 1448321.67 --

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

□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 applicable

2The Third Quarterly Report for 2024The 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

Unit: RMB/CNY

Period-end or the Period-begin or last period Year-on-year increase and Reason for change

Period decrease

Increased stocking in

Monetary fund 15726652.77 54148674.40 -70.96%

the Period

Received compensation

for Wansheng

Other account Industrial's 2023

673643.7812868327.03-94.77%

receivable performance

commitment in this

period

Increased stocking in

Inventory 160393405.42 81916039.14 95.80%

the Period

Mainly due to the

Net profit attributable

reduction of non-

to shareholders of the 7422137.22 5053938.11 46.86%

operating expenses in

parent company

this period

Net cash flow arising

from operating -58990458.24 -39987025.48 -47.52%

activities

Net cash flow arising

from financing 21848051.76

activities

II. Shareholders Information

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

top ten common shareholders

Unit: Shares

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

593680

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

Shares held by the top 10 shareholders(Excludes shares lent through refinancing)

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 (Shenzhen) Co. state-owned 20.00% 137836986 137836986 Not applicable 0

Ltd. legal person

Shenzhen Guosheng Domestic non-

Energy Investment state-owned 9.22% 63508747 0 Not applicable 0

Development Co. Ltd. legal person

UOB Kay Hian (Hong Foreign legal

5.92% 40817329 0 Not applicable 0

Kong) Limited person

Guosen Securities (HK) Foreign legal

3.04% 20983693 0 Not applicable 0

Brokerage Co. Ltd. person

3The Third Quarterly Report for 2024

China Merchants Foreign legal

2.99% 20594135 0 Not applicable 0

Securities (HK) Co. Ltd person

Shenwan Hongyuan

Foreign legal

Securities (Hong Kong) 1.20% 8279256 0 Not applicable 0

person

Co. Ltd.Foreign legal

UBS AG 1.08% 7453969 0 Not applicable 0

person

Domestic nature

Li Huili 0.56% 3891124 0 Not applicable 0

person

MORGAN STANLEY &

Foreign legal

CO. INTERNATIONAL 0.54% 3749464 0 Not applicable 0

person

PLC.Domestic nature

Zhang Youqing 0.44% 3009200 0 Not applicable 0

person

Shares held by the Top 10 Shareholders of Non-restricted shares(Excluding shares lent through refinancing and Top management

lock-in stock)

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 40817329 listed foreign 40817329

shares

Domestically

Guosen Securities (HK) Brokerage Co. Ltd. 20983693 listed foreign 20983693

shares

Domestically

China Merchants Securities (HK) Co. Ltd 20594135 listed foreign 20594135

shares

Domestically

Shenwan Hongyuan Securities (Hong Kong)

8279256 listed foreign 8279256

Co. Ltd.shares

RMB common

UBS AG 7453969 7453969

shares

RMB common

Li Huili 3891124 3891124

shares

MORGAN STANLEY & CO. RMB common

37494643749464

INTERNATIONAL PLC. shares

RMB common

Zhang Youqing 3009200 3009200

shares

Domestically

Xu Hongbo 2960619 listed foreign 2960619

shares

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

Explanation on associated relationship among the Investment Development Co. Ltd. other than that the Company

aforesaid shareholders does not know 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)

Note 1: UOB Kay Hian (Hong Kong) Limited is a licensed corporation under the Hong Kong Securities and Futures Ordinance

providing securities brokerage services to retail and institutional clients. Its main business is brokerage of Hong Kong stocks and

it also provides securities brokerage and services in overseas markets. According to the email sent by UOB Kay Hian (Hong

Kong) Limited as of September 30 2024 UOB Kay Hian (Hong Kong) Limited held 40817329 B shares of Shenshen China

Bicycle for three retail customers. Although the shareholding ratio has reached 5.92% that of a single customer did not exceed

4The Third Quarterly Report for 2024

5% and the three retail customers were not acting in concert an did not hold the shares of Shenzhen China Bicycle on other

platforms.Information of shareholders holding more than 5% of the shares the top 10 shareholders and the top 10

shareholders of unrestricted tradable shares participating in the lending of shares in securities lending and

borrowing business

□ Applicable √ Not applicable

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared

with the previous period due to the securities lending/returning

□ Applicable √ Not applicable

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-

back agreement dealing in reporting period.(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

IV. Financial Statement

(1) Financial statement

1. Consolidate Balance Sheet

Prepared by Shenzhen China Bicycle Company (Holdings) Limited

2024-09-30

Unit: RMB/CNY

Item 2024-9-30 2024-1-1

Current assets:

Monetary fund 15726652.77 54148674.40

Settlement provisions

Capital lent

Trading financial assets

Derivative financial assets

Note receivable

Account receivable 171205365.67 196293133.00

Receivable financing

Accounts paid in advance 1554507.00 3821181.16

Insurance receivable

Reinsurance receivables

Contract reserve of reinsurance

receivable

5The Third Quarterly Report for 2024

Other account receivable 673643.78 12868327.03

Including: Interest receivable

Dividend receivable

Buying back the sale of financial assets

Inventories 160393405.42 81916039.14

Including：Data resources

Contractual assets

Assets held for sale

Non-current asset due within one year

Other current assets 13405122.98 11216095.44

Total current assets 362958697.62 360263450.17

Non-current assets:

Loans and payments on behalf

Debt investment

Other debt investment

Long-term account receivable

Long-term equity investment 1030000.00

Investment in other equity instrument

Other non-current financial assets

Investment real estate

Fixed assets 2408138.90 2288610.10

Construction in progress

Productive biological asset

Oil and gas asset

Right-of-use assets 1175233.41 1816269.83

Intangible assets

Including：Data resources

Expense on Research and

Development

Including：Data resources

Goodwill

Long-term expenses to be apportioned

Deferred income tax asset 4790705.29 4909164.22

Other non-current asset 400000.00

Total non-current asset 9404077.60 9414044.15

Total assets 372362775.22 369677494.32

Current liabilities:

Short-term loans

Loan from central bank

Capital borrowed

Trading financial liability

Derivative financial liability

Note payable

Account payable 6155375.36 6213665.02

Accounts received in advance

Contractual liability 699765.89 633114.64

Selling financial asset of repurchase

Absorbing deposit and interbank deposit

Security trading of agency

Security sales of agency

Wage payable 1219563.79 1149151.81

Taxes payable 436515.50 11297756.46

Other account payable 36523136.89 39034314.13

Including: Interest payable

Dividend payable

6The Third Quarterly Report for 2024

Commission charge and

commission payable

Reinsurance payable

Liability held for sale

Non-current liabilities due within one

1233725.75847403.05

year

Other current liabilities 472.64 82304.90

Total current liabilities 46268555.82 59257710.01

Non-current liabilities:

Insurance contract reserve

Long-term loans

Bonds payable

Including: Preferred stock

Perpetual capital securities

Lease liability 1018630.12

Long-term account payable

Long-term wages payable

Accrual liability

Deferred income

Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 1018630.12

Total liabilities 46268555.82 60276340.13

Owner’s equity:

Share capital 689184933.00 689184933.00

Other equity instrument

Including: Preferred stock

Perpetual capital securities

Capital public reserve 779554450.36 779554450.36

Less: Inventory shares

Other comprehensive income

Reasonable reserve

Surplus public reserve 32673227.01 32673227.01

Provision of general risk

Retained profit -1185229226.99 -1192651364.21

Total owner’ s equity attributable to

316183383.38308761246.16

parent company

Minority interests 9910836.02 639908.03

Total owner’ s equity 326094219.40 309401154.19

Total liabilities and owner’ s equity 372362775.22 369677494.32

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: RMB/CNY

Item Current period Last period

I. Total operating income 279461877.00 348502645.41

Including: Operating income 279461877.00 348502645.41

Interest income

Insurance gained

7The Third Quarterly Report for 2024

Commission charge and commission

income

II. Total operating cost 271579417.93 341335709.83

Including: Operating cost 260910746.04 330412351.09

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 230623.58 199337.45

Sales expense 2901679.12 4332882.87

Administrative expense 6855646.01 5838050.17

R&D expense 670760.89 618551.26

Financial expense 9962.29 -65463.01

Including: Interest expenses 64464.82 0.00

Interest income 53546.78 83542.26

Add: other income 0.00 122592.35

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

43688.48683106.90

with “-”)

Losses of devaluation of asset (Loss is

8123.50

listed with “-”)

Income from assets disposal (Loss is listed

with “-”)

III. Operating profit (Loss is listed with “-”) 7934271.05 7972634.83

Add: Non-operating income 1939902.20 2039743.85

Less: Non-operating expense 60128.00 2166299.47

IV. Total profit (Loss is listed with “-”) 9814045.25 7846079.21

Less: Income tax expense 2870980.04 1715566.42

V. Net profit (Net loss is listed with “-”) 6943065.21 6130512.79

(i) Classify by business continuity

1.continuous operating net profit (net loss

6943065.216130512.79listed with ‘-”)

2.termination of net profit (net loss listedwith ‘-”)

(ii) Classify by ownership

1.Net profit attributable to owner’s of

7422137.225053938.11parent company (net loss listed with ‘-”)

2.Minority shareholders’ gains and losses

-479072.011076574.68(net loss listed with ‘-”)

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

8The Third Quarterly Report for 2024

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 6943065.21 6130512.79

(i) Total comprehensive income attributable

7422137.225053938.11

to owners of parent Company

(ii) Total comprehensive income

-479072.011076574.68

attributable to minority shareholders

VIII. Earnings per share:

(i) Basic earnings per share 0.0108 0.0073

(ii) Diluted earnings per share 0.0108 0.0073

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: RMB/CNY

Item Current period Last period

I. Cash flows arising from operating

activities:

Cash received from selling commodities

342227547.20583081972.50

and providing labor 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

9The Third Quarterly Report for 2024

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

Other cash received concerning

17119461.2119907425.37

operating activities

Subtotal of cash inflow arising from

359347008.41602989397.87

operating activities

Cash paid for purchasing commodities

398906742.89607900711.82

and receiving labor service

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 7033474.81 5533619.97

Taxes paid 7291934.35 11085555.22

Other cash paid concerning operating 5105314.60

18456536.34

activities

Subtotal of cash outflow arising from 418337466.65

642976423.35

operating activities

Net cash flows arising from operating

-58990458.24-39987025.48

activities

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

249615.15168764.97

intangible and other long-term assets

Cash paid for investment 1030000.00

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

1279615.15168764.97

activities

Net cash flows arising from investing

-1279615.15-168764.97

activities

III. Cash flows arising from financing

activities

10The Third Quarterly Report for 2024

Cash received from absorbing

9750000.00

investment

Including: Cash received from absorbing

minority shareholders’ investment by

subsidiaries

Cash received from loans

Other cash received concerning

12098051.76

financing activities

Subtotal of cash inflow from financing

21848051.76

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

activities

Subtotal of cash outflow from financing

activities

Net cash flows arising from financing

21848051.76

activities

IV. Influence on cash and cash

equivalents due to fluctuation in

exchange rate

V. Net increase of cash and cash

-38422021.63-40155790.45

equivalents

Add: Balance of cash and cash

54148674.4050922869.35

equivalents at the period-begin

VI. Balance of cash and cash equivalents

15726652.7710767078.90

at the period-end

(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 2024

□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 29 2024

11