The Third Quarterly Report of 2025
Stock code: 000017 200017 Notice No.: 2025-019
Short form of the stock: Zhonghua-A Zhonghua-B
Shenzhen China Bicycle Company (Holdings) Co. Ltd.The Third Quarterly Report of 2025
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 Board of Supervisory all directors supervisors and senior executives of Shenzhen China
Bicycle Company (Holdings) Co. Ltd. (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 Principal) hereby confirm that the Financial Report of the Third Quarterly Report is authentic
accurate and complete.
3. Whether the Third Quarterly Financial Report has been audited or not
□Yes √No
I. Main financial data
(1) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes □No
Changes of this period Year-begin to period- Changes of this period
This period over same period of end over same period of
last year（％） Before adjustment last year（％）
Operating revenue
（ ） 257730546.79 290.72% 577674163.42 106.71% Yuan
Net profit attributable
to the shareholders of
the listed company 12366492.72 625.52% 30937270.36 316.82%（Yuan）
Net profit after
deducting of non-
recurring gain/loss
attributable to the 11961858.82 1120.04% 29897606.62 400.48%
shareholders of listed
company（Yuan）
Net cash generated
from /used in operating — — -55013489.34 6.74%
activities（Yuan）
Basic earning per
0.0179616.00%0.0449315.74%
share(Yuan/Share)
1The Third Quarterly Report of 2025
Diluted gains per
0.0179616.00%0.0449315.74%
share(Yuan/Share)
Weighted average
return on equity（%） 3.36% 2.82% 8.62% 6.24%
Increase/decrease at the period-end compared
End of this period End of last period
with the end of the previous year
Gross assets（Yuan） 466516810.72 434452097.75 7.38%
Net assets attributable
to the shareholders of
the listed company 374286606.67 343761246.16 8.88%（Yuan）
(2) Items and amounts of non-recurring profit (gains)/losses
□Applicable □Not applicable
In RMB
Amount from year-begin to
Item This period Notes
period -end
Switch-back of provision of
impairment of account
4975.9697458.13
receivable which are treated
with separate depreciation test
Net amount of non-operating
income and expense except 755258.18 1594125.39
the aforesaid items
Less :Influenced amount of
189834.10418844.19
income tax
Influenced amount of minor
shareholders’ equity (after 165766.14 233075.59
tax)
Total 404633.90 1039663.74 --
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 Disclosurefor Companies Offering 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 InformationDisclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as
recurring gain/loss
(3) Particulars about changes in items of main accounting data and financial index and explanations of
reasons
□Applicable □Not applicable
In RMB
Y-o-y
Period-end/current Period-begin/previous
Item changes (+- Cause of change
period period
)
The increase of goods stock
Monetary fund 41922962.67 80974360.59 -48.23%
preparation in the current period
Received compensation for
Wansheng Industrial's 2024
Other account receivable 866965.43 18883650.76 -95.41%
performance commitment in this
period
The increase of goods stock
Inventories 175064005.54 84349675.00 107.55%
preparation in the current period
2The Third Quarterly Report of 2025
Short-term bank borrowings
Short-term borrowings 23800000.00 9900000.00 140.40%
increased during the period
The jewelry and gold business
expanded during the period and the
Operating revenue 577674163.42 279461877.00 106.71%
gold price has risen ，resulting inincreased revenue.The jewelry and gold business
expanded during the period and the
Operating costs 521725143.81 260910746.04 99.96%
gold price has risen resulting in a
corresponding increase in costs.The jewelry and gold business
expanded during the period resulting
Selling expenses 5468025.66 2901679.12 88.44%
in a corresponding increase in selling
expenses.Net profits attributable to The jewelry and gold business
the shareholders of the 30937270.36 7422137.22 316.82% expanded during the period resulting
parent company in an increase in gross profit.Cash received from sales The jewelry and gold business
of goods or rending of 644913619.15 342227547.20 88.45% expanded during the period leading
services to an increase in received payments.The jewelry and gold business
Cash paid for purchasing
expanded during the period resulting
of merchandise and 685792957.77 398906742.89 71.92%
in an increase in procurement
services
payments made.II. Shareholders
(1) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten shareholders
In Shares
Total common shareholders at end of the Total preferred shareholders with voting rights
542350
Period recovered at end of reporting period (if applicable)Top ten shareholders（Excluding shares lent through refinancing)Pledging or freezing
Amount of
Share
Full name of Properties of tradable shares
proportion Quantity Status of the
Shareholders shareholder Quantity
% with Conditional shares
held
Wansheng Industrial
Domestic non-
Holdings
state-owned legal 20.00% 137836986 137836986 Not applicable 0
(Shenzhen) Co.person
Ltd.Shenzhen Guosheng
Domestic non-
Energy Investment
state-owned legal 9.22% 63508747 0 Not applicable 0
Development Co.person
Ltd.UOB Kay Hian
Foreign legal
(Hong Kong) 5.92% 40817329 0 Not applicable 0
person
Limited
Guosen Securities
Foreign legal
(HK) Brokerage 3.04% 20983693 0 Not applicable 0
person
Co. Ltd.China Merchants
Foreign legal
Securities (HK) Co. 2.94% 20294092 0 Not applicable 0
person
Ltd
Shenwan Hongyuan
Foreign legal
Securities (Hong 1.20% 8279256 0 Not applicable 0
person
Kong) Co. Ltd.
3The Third Quarterly Report of 2025
Domestic nature
Li Huili 0.56% 3891124 0 Not applicable 0
person
China Agricultural
Bank Co. Ltd.－
Yongying CSI
SHSZHK Gold
Industry Stock Other 0.44% 3029100 0 Not applicable 0
Exchange-Trading
Open-Ended Index
Securities
Investment Fund
Shenzhen China
Bicycle Company Domestic non-
(Holdings) Co. Ltd. state-owned legal
0.38% 2602402 0 Not applicable 0
-Special account for person Domestic
property disposal of nature person
bankrupt enterprise
Xu Shengli 0.37% 2536900 0 Not applicable 0
Shares held by the Top 10 Shareholders of Non-restricted shares(Excluding shares lent through refinancing and Top management
lock-in stock)
Type of shares
Shareholders’ name Amount of un-restrict shares held at Period-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.
20983693 listed foreign 20983693
Ltd.shares
Domestically
China Merchants Securities (HK) Co.
20294092 listed foreign 20294092
Ltd
shares
Domestically
Shenwan Hongyuan Securities (Hong
8279256 listed foreign 8279256
Kong) Co. Ltd.shares
Domestically
Li Huili 3891124 listed foreign 3891124
shares
China Agricultural Bank Co. Ltd.－
Yongying CSI SHSZHK Gold Industry RMB common
30291003029100
Stock Exchange-Trading Open-Ended shares
Index Securities Investment Fund
RMB common
1383313
Shenzhen China Bicycle Company shares
(Holdings) Co. Ltd. -Special account for 2602402 Domestically
property disposal of bankrupt enterprise listed foreign 1219089
shares
Domestically
Xu Shengli 2536900 listed foreign 2536900
shares
RMB common
Cui Yajun 2350000 2350000
shares
Explanation on associated relationship among the Li Huili spouse of Ji Hanfei the actual controller of Shenzhen
4The Third Quarterly Report of 2025
aforesaid shareholders Guosheng Energy Investment Development Co. Ltd. holding B-share
of the Company on behalf of Shenzhen Guosheng Energy Investment
Development Co. Ltd. other than that the Company 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 any) (see note 4)
Note 1: UOB Kay Hian (Hong Kong) Limited is licensed under the Securities and Futures Ordinance of Hong Kong to provide
securities brokerage services to retail and institutional clients. Its main business is Hong Kong stock brokerage and it also
provides securities brokerage and services in various overseas markets. According to the email sent from UOB Kay Hian (Hong
Kong) Limited as of September 30 2025 UOB Kay Hian (Hong Kong) Limited held 40817329 shares of Shenzhen China B
shares for three retail clients and although the shareholding ratio has reached 5.92% the single client does not exceed 5% and the
three retail clients are not acting in concert and do not hold Shenzhen China shares 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
(2) 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
(i) Financial statement
1. Consolidate Balance Sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Co. Ltd.September 30 2025
In RMB
Item Ending balance Opening balance
Current assets:
Monetary fund 41922962.67 80974360.59
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 230196593.40 233608634.59
Receivable financing
Accounts paid in advance 646689.94 931762.60
Insurance receivable
Reinsurance receivables
5The Third Quarterly Report of 2025
Contract reserve of reinsurance
receivable
Other account receivable 866965.43 18883650.76
Receivable financing
Accounts paid in advance
Insurance receivable
Inventory 175064005.54 84349675.00
Including：Data resources
Contractual assets
Assets held for sale
Non-current asset due within one year
Other current assets 6247156.13 2934787.58
Total current assets 454944373.11 421682871.12
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 830481.86 830481.86
Investment in other equity instrument
Other non-current financial assets
Investment real estate
Fixed assets 2706789.57 2931163.10
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets 2902983.90 3836085.90
Intangible assets
Including：Data resources
Expense on Research and Development
Including：Data resources
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 5132182.28 5171495.77
Other non-current assets
Total non-current assets 11572437.61 12769226.63
Total assets 466516810.72 434452097.75
Current liabilities:
Short-term loans 23800000.00 9900000.00
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
6The Third Quarterly Report of 2025
Note payable
Account payable 7805941.08 7636699.51
Accounts received in advance
Contractual liability 43329.71 4868279.05
Selling financial asset of repurchase
Absorbing deposit and interbank deposit
Security trading of agency
Security sales of agency
Wage payable 1853528.17 807688.20
Taxes payable 6401080.56 4490392.21
Other account payable 38758300.32 33704488.43
Including: Interest payable
Dividend payable
Commission charge and commission
payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one
1438146.751389819.85
year
Other current liabilities 1390.35 302687.60
Total current liabilities 80101716.94 63100054.85
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liability 2363167.68 3212882.77
Long-term account payable
Long-term wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 2363167.68 3212882.77
Total liabilities 82464884.62 66312937.62
Owner’s equity:
Share capital 689184933.00 689184933.00
Other equity instrument
Including: Preferred stock
Perpetual bonds
Capital public reserve 797709204.77 797709204.77
Less: Inventory shares
Other comprehensive income -411909.85
Reasonable reserve
7The Third Quarterly Report of 2025
Surplus public reserve 32673227.01 32673227.01
Provision of general risk
Retained profit -1144868848.26 -1175806118.62
Total owner’ s equity attributable to
374286606.67343761246.16
parent company
Minority interests 9765319.43 24377913.97
Total owner’ s equity 384051926.10 368139160.13
Total liabilities and owner’ s equity 466516810.72 434452097.75
Legal Representative: Wang Shenghong
Person in charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: She Hanxing
2. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Item Current period incurred Prior period incurred
I. Total operating revenue 577674163.42 279461877.00
Including: Operating revenue 577674163.42 279461877.00
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 537185874.21 271579417.93
Including: Operating cost 521725143.81 260910746.04
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 surcharge 303229.30 230623.58
Sales expenses 5468025.66 2901679.12
Administrative expenses 8494865.99 6855646.01
R&D expenses 694134.33 670760.89
Financial expenses 500475.12 9962.29
Including: Interest expenses 488561.36 64464.82
Interest income 6635.57 53546.78
Add: Other income
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
Exchange income (Loss is listed with “-”) -9.79
Net exposure hedging income (Loss is
listed with “-”)
8The Third Quarterly Report of 2025
Income from change of fair value (Loss is
listed with “-”)
Loss of credit impairment (Loss is listed
-618103.0043688.48
with “-”)
Impairment loss on assets(Loss is listed
8123.50
with “-”)
Income from assets disposal (Loss is listed
with “-”)
III. Operation profit (Loss is listed with “-”) 39870176.42 7934271.05
Add: Non-operating income 1610538.10 1939902.20
Less: Non-operating expense 16412.71 60128.00
IV. Total profit (Loss is listed with “-”) 41464301.81 9814045.25
Less: Income tax expense 10114625.99 2870980.04
V. Net profit (Net loss is listed with “-”) 31349675.82 6943065.21
(i) Classify by business continuity
1.Continuous operating net profit (net loss
31349675.826943065.21listed with ‘-”)
2.Termination of net profit (net loss listedwith ‘-”)
(ii) Classify by ownership
1.Net profit attributable to shareholders of
30937270.367422137.22
parent company
2.Minority shareholders’ gains and losses 412405.46 -479072.01
VI. Net other comprehensive income after
-411909.85
taxation
Net other comprehensive income
attributable to owners of parent company -411909.85
after taxation
(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 -411909.85
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 -411909.85
9The Third Quarterly Report of 2025
translation of foreign currency financial
statements
7.Other
Net other comprehensive income
attributable to minority shareholders after
taxation
VII. Total comprehensive income 30937765.97 6943065.21
Total comprehensive income attributable to
30525360.517422137.22
owners of parent Company
Total comprehensive income attributable
412405.46-479072.01
to minority shareholders
VIII. Earnings per share:
(i)Basic EPS 0.0449 0.0108
(ii)Diluted EPS 0.0449 0.0108
As for the enterprise combined under the same control net profit of 0 Yuan achieved by the merged party before
combination while 0 Yuan achieved last period.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 Between the Beginning of the Year and End of the Report Period
In RMB
Item Current period incurred Prior period incurred
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 644913619.15 342227547.20
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 capital from
repurchase business
Net cash received by agents in sale
and purchase of securities
Write-back of tax received
Other cash received concerning
17735075.7117119461.21
operating activities
Subtotal of cash in-flow arising from
662648694.86359347008.41
operation activity
Cash paid for purchasing commodities
685792957.77398906742.89
and receiving labor service
Net increase of customer loans and
10The Third Quarterly Report of 2025
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 handling charge
and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff 7347811.56 7033474.81
Taxes paid 10049813.54 7291934.35
Other cash paid concerning operating
14471601.335105314.60
activities
Subtotal of cash out-flow arising from
717662184.20418337466.65
operation activity
Net cash flow arising from operating
-55013489.34-58990458.24
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 in-flow arising from
investment activity
Cash paid for purchasing fixed
20323.04249615.15
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 out-flow arising from
20323.041279615.15
investment activity
Net cash flow arising from investment
-20323.04-1279615.15
activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
9750000.00
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans 15000000.00
Other cash received concerning
18154754.4112098051.76
financing activities
Subtotal of cash in-flow arising from 33154754.41 21848051.76
11The Third Quarterly Report of 2025
financing activity
Cash paid for settling debts 1100000.00
Cash paid for dividend and profit
488561.36
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by subsidiaries
Other cash paid concerning financing
15025000.00
activities
Subtotal of cash out-flow arising from
16613561.36
financing activity
Net cash flow arising from financing
16541193.0521848051.76
activities
IV. Influence on cash and cash
equivalents due to fluctuation in -411919.64
exchange rate
V. Net increased amount of cash and cash
-38904538.97-38422021.63
equivalent
Add: Balance of cash and cash
80799494.5754148674.40
equivalents at the period -begin
VI. Balance of cash and cash equivalents
41894955.6015726652.77
at the period -end（ii）The Company started implementing the updated accounting standards commencing from 2025 and
adjusted the relevant items in the financial statements at the beginning of the very year involved in the
initial implementation of the said standards
□ Applicable √Not applicable（iii）Auditor’ report
Whether the Third Quarterly financial report has been audited or not
□ Yes √No
The Third Quarterly financial report of the Company has not been audited.Board of Directors of Shenzhen China Bicycle Company (Holdings)Co. Ltd.October 29 2025
12
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