Shenzhen China Bicycle Company (Holdings) Limited
Semi-Annual Financial Report 2023
August 2023
1Financial Report
I. Audit report
Whether the semi annual report is audited
□Yes □No
The company's semi annual financial report has not been audited
II. Financial Statement
Statement in Financial Notes are carried Unit: RMB/CNY
1. Consolidated Balance Sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
June 30 2023
Unit: RMB/CNY
Item 2023-6-30 2023-1-1
Current assets:
Monetary fund 19737567.50 54699491.18
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable 839035.38 1102000.00
Account receivable 149209751.14 250069301.93
Receivable financing
Accounts paid in advance 2742066.99 4286935.15
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 2461431.37 438477.82
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventory 190374908.95 48206866.81
Contractual assets
Assets held for sale
Non-current asset due within one year
Other current assets 34580392.74 35453106.62
2Total current assets 399945154.07 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
Fix assets 2255797.28 2304402.38
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets 173936.71
Intangible assets
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 2857393.76 2997308.42
Total assets 402802547.83 397253487.93
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 23429847.57 2877423.23
Accounts received in advance
Contract liability 437102.15 791762.84
Selling financial asset of repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 884429.93 769992.42
Taxes payable 18481320.47 38144508.36
Other account payable 47850414.91 48621087.98
Including: Interest payable
3Dividend payable
Commission charge and commission
payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one
210892.38
year
Other current liabilities 56823.28 102929.16
Total current liabilities 91139938.31 91518596.37
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 878000.00 887342.00
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 878000.00 887342.00
Total liabilities 92017938.31 92405938.37
Owner’s equity:
Share capital 689184933.00 689184933.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 778824470.95 778824470.95
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 32673227.01 32673227.01
Provision of general risk
Retained profit -1205691013.55 -1210553312.45
Total owner’ s equity attributable to
294991617.41290129318.51
parent company
Minority interests 15792992.11 14718231.05
Total owner’ s equity 310784609.52 304847549.56
Total liabilities and owner’ s equity 402802547.83 397253487.93
Legal Representative: Wang Shenghong Person in charge of Accounting Works: Sun Longlong Person in charge of
Accounting Institution: She Hanxing
2. Balance Sheet of Parent Company
Unit: RMB/CNY
4Item 2023-6-30 2023-1-1
Current assets:
Monetary fund 11548838.59 44090324.53
Trading financial assets
Derivative financial assets
Note receivable 400000.00
Account receivable 4646089.59 213762895.33
Receivable financing
Accounts paid in advance 30474472.82 39465026.86
Other account receivable 67555513.92 209606.79
Including: Interest receivable
Dividend receivable
Inventory 138576916.65 42640812.21
Contractual assets
Assets held for sale
Non-current asset due within one year
Other current assets
Total current assets 252801831.57 340568665.72
Non-current assets:
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 94960379.73 19960379.73
Investment in other equity instrument
Other non-current financial assets
Investment real estate
Fix assets 2129517.12 2209564.35
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets 105403.37
Intangible assets
Expense on Research and
Development
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset
Other non-current asset 400000.00 400000.00
Total non-current asset 97489896.85 22675347.45
Total assets 350291728.42 363244013.17
Current liabilities:
Short-term loans
Trading financial liability
5Derivative financial liability
Note payable
Account payable 1926961.97 275843.19
Accounts received in advance
Contract liability
Wage payable 542622.85 403771.82
Taxes payable 17424929.53 35797995.48
Other account payable 43305972.20 40465510.28
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within one
121977.23
year
Other current liabilities
Total current liabilities 63200486.55 77065098.00
Non-current liabilities:
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability
Long-term account payable
Long-term wages payable
Accrual liability 878000.00 878000.00
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 878000.00 878000.00
Total liabilities 64078486.55 77943098.00
Owner’s equity:
Share capital 689184933.00 689184933.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 778824470.95 778824470.95
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 32673227.01 32673227.01
Retained profit -1214469389.09 -1215381715.79
Total owner’ s equity 286213241.87 285300915.17
Total liabilities and owner’ s equity 350291728.42 363244013.17
3. Consolidated Profit Statement
Unit: RMB/CNY
6Item Semi-annual of 2023 Semi-annual of 2022
I. Total operation revenue 292999162.50 106665446.58
Including:Operation revenue 292999162.50 106665446.58
Interest income
Insurance gained
Commission charge and
commission income
II. Total operation cost 285545357.24 108203953.12
Including:Operation cost 278484152.74 100215639.64
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 129697.74 42512.73
Sales expenses 2522214.01 2423889.53
Administration expenses 4130652.80 4855763.49
R&D expenses 336970.90 694172.50
Finance expenses -58330.95 -28024.77
Including:Interest expenses
Interest income 70100.25 47897.11
Add: Other income 2092.35 153395.80
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 “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair value
(Loss is listed with “-”)
Loss of credit impairment (Loss
328289.79-42610.48
is listed with “-”)
Impairment loss on assets(Loss is
listed with “-”)
7Income from assets disposal
(Loss is listed with “-”)
III. Operation profit (Loss is listed with
7784187.40-1427721.22
“-”)
Add: Non-operating income 1253150.81 224228.84
Less: Non-operating expense 1462822.69
IV. Total profit (Loss is listed with “-”) 7574515.52 -1203492.38
Less: Income tax expenses 1637455.56 19647.32
V. Net profit (Net loss is listed with “-”) 5937059.96 -1223139.70
(i) Classify by business continuity
1.Continuous operating net profit
5937059.96-1223139.70(net loss listed with ‘-”)
2.Termination of net profit (net losslisted with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to
shareholders of parent company (net loss 4862298.90 -1483364.42listed with ‘-”)
2.Minority shareholders’ gains and
1074761.06260224.72losses (net loss listed with ‘-”)
VI. Net other comprehensive income
after taxation
Net other comprehensive income
attributable to owners of parent company
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 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
8Net other comprehensive income
attributable to minority shareholders
after taxation
VII. Total comprehensive income 5937059.96 -1223139.70
Total comprehensive income
attributable to owners of parent 4862298.90 -1483364.42
Company
Total comprehensive income
1074761.06260224.72
attributable to minority shareholders
VIII. Earnings per share:
(i)Basic EPS 0.0071 -0.0027
(ii)Diluted EPS 0.0071 -0.0027
As for the enterprise combined under the same control net profit of 0.00Yuan achieved by the merged party before combination
while 0.00 Yuan achieved last period.Legal Representative: Wang Shenghong Person in charge of Accounting Works: Sun Longlong Person in charge of
Accounting Institution: She Hanxing
4. Profit Statement of Parent Company
Unit: RMB/CNY
Item Semi-annual of 2023 Semi-annual of 2022
I. Operation revenue 26202365.96 5996233.35
Less: Operation cost 23417894.55 5911047.94
Tax and surcharge 31208.15 3461.00
Sales expenses 120346.23 208571.68
Administration expenses 2129147.35 1657764.39
R&D expenses 694172.50
Finance expenses -39733.30 376.23
Including:Interest expenses
Interest income 43606.56 8757.31
Add: Other income 2085.77 126559.52
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 “-”)
Income from change of fair value
(Loss is listed with “-”)
Loss of credit impairment (Loss
648901.39373126.96
is listed with “-”)
Impairment loss on assets(Loss is
listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
9II. Operation profit(Loss is listed with “-
1194490.14-1979473.91
”)
Add: Non-operating income 1253150.81
Less: Non-operating expense 1452347.65
III. Total profit (Total losses are listed
995293.30-1979473.91
with “-”)
Less: Income tax expenses 82966.60
IV. Net profit (Net loss is listed with “-”) 912326.70 -1979473.91
(i)Continuous operating net profit (net
912326.70-1979473.91loss listed with ‘-”)
(ii)Termination of net profit (net losslisted with ‘-”)
V. Net other comprehensive income 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 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 912326.70 -1979473.91
VII. Earnings per share:
(i)Basic EPS
(ii)Diluted EPS
5. Consolidated Cash Flow Statement
Unit: RMB/CNY
Item Semi-annual of 2023 Semi-annual of 2022
I. Cash flows arising from operating
10activities:
Cash received from selling
commodities and providing labor 428649719.53 121516272.43
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 12115.99
Other cash received concerning
13328115.678729547.22
operating activities
Subtotal of cash in-flow arising from
441977835.20130257935.64
operation activity
Cash paid for purchasing commodities
464456329.67121691508.77
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 handling charge
and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff 3788625.70 4158381.02
Taxes paid 3747529.15 606498.30
Other cash paid concerning operating
5349724.3413081024.07
activities
Subtotal of cash out-flow arising from
477342208.86139537412.16
operation activity
Net cash flow arising from operating
-35364373.66-9279476.52
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
investment
Cash received from investment
income
11Net 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
36959.63
intangible and other long-term assets
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 out-flow arising from
36959.63
investment activity
Net cash flow arising from investment
-36959.63
activities
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 in-flow arising from
financing activity
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
245979.70
activities
Subtotal of cash out-flow arising from
245979.70
financing activity
Net cash flow arising from financing
-245979.70
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-35364373.66-9562415.85
equivalent
Add: Balance of cash and cash
50922869.3533246957.92
equivalents at the period -begin
VI. Balance of cash and cash equivalents
15558495.6923684542.07
at the period -end
126. Cash Flow Statement of Parent Company
Unit: RMB/CNY
Item Semi-annual of 2023 Semi-annual of 2022
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 238002296.41 10765611.52
services
Write-back of tax received 3514.92
Other cash received concerning
operating activities 89429332.20 13130352.74
Subtotal of cash inflow arising from
operating activities 327431628.61 23899479.18
Cash paid for purchasing
commodities and receiving labor service 128040000.00 4165593.61
Cash paid to/for staff and workers
648889.481015793.35
Taxes paid
1447813.3150875.97
Other cash paid concerning
operating activities 155328861.74 25816755.85
Subtotal of cash outflow arising from
operating activities 285465564.53 31049018.78
Net cash flow arising from operating
41966064.08-7149539.60
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
intangible and other long-term assets 4900.97
Cash paid for investment
75000000.00
Net cash received from subsidiaries
and other units obtained
Other cash paid concerning
investing activities
13Subtotal of cash outflow from investing
activities 75000000.00 4900.97
Net cash flow arising from investment
-75000000.00-4900.97
activities
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 174936.00
Subtotal of cash outflow from financing
activities 174936.00
Net cash flow arising from financing
-174936.00
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents -33033935.92 -7329376.57
Add: Balance of cash and cash
equivalents at the period -begin 40403702.70 7613043.60
VI. Balance of cash and cash equivalents
at the period -end 7369766.78 283667.03
7. Statement of Changes in Owners’ Equity (Consolidated)
Current Amount
Unit: RMB/CNY
Semi-annual of 2023
Owners’ equity attributable to the parent Company
Other equity Oth
Less Tota
instrument Capi er Surp Prov
: Rea Min l
Item Shar Perp tal com lus isio RetaInve sona ority own
e Pref etua publ preh publ n of ined Oth Subtntor ble inter er’ s
capi erre l Oth ic ensi ic gene prof er otal ests y rese equi
tal d capi er rese ve rese ral it shar rve ty
stoc tal rve inco rve risk es
k secu me
14ritie
s
I. The ending -
689778326290147304
balance of 121
184824732129182847
the previous 055 933. 470. 27.0 318. 31.0 549.
331
year 00 95 1 51 5 56
2.45
Add:
Changes of
accounting
policy
Error
correction of
the last
period
Enterpri
se combine
under the
same control
Other
II. The
-
beginning 689 778 326 290 147 304
121
balance of 184 824 732 129 182 847
055
933.470.27.0318.31.0549.
the current 331
0095151556
year 2.45
III. Increase/
Decrease in
the period 486 486 107 593
(Decrease is 229 229 476 705
8.908.901.069.96listed with “-”)
(i) Total
486486107593
comprehensi
229229476705
ve income 8.90 8.90 1.06 9.96
(ii) Owners’
devoted and
decreased
capital
1.Common
shares
invested by
shareholders
2. Capital
invested by
holders of
other equity
15instruments
3. Amount
reckoned
into owners
equity with
share-based
payment
4. Other
(iii) Profit
distribution
1.
Withdrawal
of surplus
reserves
2.
Withdrawal
of general
risk
provisions
3.
Distribution
for owners
(or
shareholders)
4. Other
(iv) Carrying
forward
internal
owners’
equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3.
Remedying
loss with
surplus
16reserve
4. Carry-over
retained
earnings
from the
defined
benefit plans
5. Carry-over
retained
earnings
from other
comprehensi
ve income
6. Other
(v)
Reasonable
reserve
1.
Withdrawal
in the report
period
2. Usage in
the report
period
(vi) Others
-
689778326294157310
IV. Balance 120
184824732991929784
at the end of 569
933.470.27.0617.92.1609.
the period 101
0095141152
3.55
Amount of the previous period
Unit: RMB/CNY
Semi-annual of 2022
Owners’ equity attributable to the parent Company
Other equity
instrument Oth
Less Tota
Perp Capi er Surp Prov
: Rea Min l
Item Shar etua tal com lus isio Reta
Inve sona ority own
e Pref l publ preh publ n of ined Oth Subt
ntor ble inter er’ s
capi erre capi Oth ic ensi ic gene prof er otal
y rese ests equi
tal d tal er rese ve rese ral it
shar rve ty
stoc secu rve inco rve risk
es
k ritie me
s
I. The ending 551 627 326 - 891 150 240
balance of 347 834 732 120 853 841 027
17the previous 947. 297. 27.0 293 8.16 95.5 33.6
year 00 85 1 693 2 8
3.70
Add:
Changes of
accounting
policy
Error
correction of
the last
period
Enterpri
se combine
under the
same control
Other
II. The
-
beginning 551 627 326 150 240
120891
balance of 347 834 732 841 027
293853
947.297.27.095.533.6
the current 693 8.16
0085128
year 3.70
III. Increase/
Decrease in
---
the period 260
148148122
(Decrease is 224.336 336 313
72listed with “- 4.42 4.42 9.70”)
(i) Total - - -
260
comprehensi 148 148 122
224.
336336313
ve income 72
4.424.429.70
(ii) Owners’
devoted and
decreased
capital
1.Common
shares
invested by
shareholders
2. Capital
invested by
holders of
other equity
instruments
3. Amount
reckoned
18into owners
equity with
share-based
payment
4. Other
(iii) Profit
distribution
1.
Withdrawal
of surplus
reserves
2.
Withdrawal
of general
risk
provisions
3.
Distribution
for owners
(or
shareholders)
4. Other
(iv) Carrying
forward
internal
owners’
equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3.
Remedying
loss with
surplus
reserve
4. Carry-over
retained
19earnings
from the
defined
benefit plans
5. Carry-over
retained
earnings
from other
comprehensi
ve income
6. Other
(v)
Reasonable
reserve
1.
Withdrawal
in the report
period
2. Usage in
the report
period
(vi) Others
-
IV. Balance 551 627 326 153 227
120743
at the end of 347 834 732 444 795
442517
947.297.27.020.293.9
the period 029 3.74
0085148
8.12
8. Statement of Changes in Owners’ Equity (Parent Company)
Current Amount
Unit: RMB/CNY
Semi-annual of 2023
Other equity instrument Other
Capita Surplu
Perpet Less: compr Reaso Total l s Retain
Item Share ual Invent ehensi nable owner
capital Prefer
public public ed Other
capital Other ory ve reserv ’ s
red reserv reserv profit
securit shares incom e equity
stock e e
ies e
I. The ending
-
balance of 6891 7788 3267 2853
1215
the previous 8493 2447 3227. 00913817
3.000.95015.17
year 15.79
Add:
Changes of
accounting
20policy
Error
correction of
the last
period
Other
II. The
beginning -
6891778832672853
balance of 1215
849324473227.0091
3817
the current 3.00 0.95 01 5.17
15.79
year
III. Increase/
Decrease in
the period
91239123
(Decrease is 26.70 26.70listed with “-”)
(i) Total
comprehensi 9123 9123
26.7026.70
ve income
(ii) Owners’
devoted and
decreased
capital
1.Common
shares
invested by
shareholders
2. Capital
invested by
holders of
other equity
instruments
3. Amount
reckoned
into owners
equity with
share-based
payment
4. Other
(iii) Profit
distribution
1.
Withdrawal
21of surplus
reserves
2.
Distribution
for owners
(or
shareholders)
3. Other
(iv) Carrying
forward
internal
owners’
equity
1. Capital
reserves
conversed to
capital (share
capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3.
Remedying
loss with
surplus
reserve
4. Carry-over
retained
earnings
from the
defined
benefit plans
5. Carry-over
retained
earnings
from other
comprehensi
ve income
6. Other
(v)
Reasonable
reserve
221.
Withdrawal
in the report
period
2. Usage in
the report
period
(vi) Others
IV. Balance -
6891778832672862
at the end of 1214
849324473227.1324
4693
the period 3.00 0.95 01 1.87
89.09
Amount of the previous period
Unit: RMB/CNY
Semi-annual of 2022
Other equity instrument Other
Capita Surplu
Perpet Less: compr Reaso Total
l s RetainItem Share ual Invent ehensi nable ownerpublic public ed Other
capital Prefer capital Other ory ve reserv ’ s
red reserv reserv profit
securit shares incom e equity
stock e e
ies e
I. The ending
-
balance of 5513 6278 3267 2847
1209
the previous 4794 3429 3227. 892.00075
7.007.85018
year 79.78
Add:
Changes of
accounting
policy
Error
correction of
the last
period
Other
II. The
beginning -
5513627832672847
balance of 1209
479434293227.892.0
0075
the current 7.00 7.85 01 8
79.78
year
III. Increase/
Decrease in
--
the period
19791979
(Decrease is 473.9 473.9listed with “- 1 1”)
23(i) Total - -
comprehensi 1979 1979
473.9473.9
ve income
11
(ii) Owners’
devoted and
decreased
capital
1.Common
shares
invested by
shareholders
2. Capital
invested by
holders of
other equity
instruments
3. Amount
reckoned
into owners
equity with
share-based
payment
4. Other
(iii) Profit
distribution
1.
Withdrawal
of surplus
reserves
2.
Distribution
for owners
(or
shareholders)
3. Other
(iv) Carrying
forward
internal
owners’
equity
1. Capital
reserves
conversed to
capital (share
24capital)
2. Surplus
reserves
conversed to
capital (share
capital)
3.
Remedying
loss with
surplus
reserve
4. Carry-over
retained
earnings
from the
defined
benefit plans
5. Carry-over
retained
earnings
from other
comprehensi
ve income
6. Other
(v)
Reasonable
reserve
1.
Withdrawal
in the report
period
2. Usage in
the report
period
(vi) Others
-
IV. Balance 5513 6278 3267
12108684
at the end of 4794 3429 3227.
987018.17
the period 7.00 7.85 01
53.69
III. Company Profile
1. History and basic information
According to the Approval Document SFBF (1991) No. 888 issued by the People’s Government of Shenzhen
25Shenzhen China Bicycle Company (Holdings) Limited (hereinafter referred to as the CBC) was reincorporated as
the company limited by shares in November 1991. On 28 December 1991 upon the Approval Document
SRYFZ(1991) No. 119 issued by Shenzhen Special Economic Zone Branch of the People’s Bank of China the
Company got listed on Shenzhen Stock Exchange. Registered of the Company amounted as 689184933.00 Yuan.Legal Representative: Wang Shenghong。
Location: No. 3008 Buxin Road Luohu District Shenzhen
Certificate for Uniform Social Credit Code:914403006188304524.
2. Business nature and main operation activities
The Company's industry: machinery manufacturing industry
Main business activities: general business items: Research & development of the bicycles electric bicycles
electric motorcycles motorcycles electric tricycles electric four-wheeler children's bicycles exercise bikes
sports equipment mechanical products toys electric toys electronic products new energy equipment and
storage equipment (lithium batteries batteries etc.) household appliances and spare parts and electronic
components; wholesale retail import and export and related supporting business of above-mentioned products
(excluding commodities subject to state trade management handling the application according to the relevant
national regulations for commodities involving quotas license management and other special provisions and
management); fine chemical products (excluding dangerous goods) wholesale and retail of carbon fiber
composite materials; technology development of computer software transfer of self-developed technological
achievements and providing relevant technical information consultation; own property leasing; property
management. (The above projects do not involve special administrative measures for the implementation access
of national regulations and those involving restricted projects and pre-existing administrative licenses must
obtain the pre-existing administrative licensing documents before operation.) ; jewelry wholesales; jewelry
retail and manufacturing management services of the supply chain. (conducts business activities in line with the
law independently except for the items that must be approved by laws) Licensed items: manufacturing the
bicycles electric bicycles electric motorcycles motorcycles electric tricycles electric four-wheeler children's
bicycles exercise bikes sports equipment mechanical products toys electric toys electronic products new
energy equipment and storage equipment (lithium batteries batteries etc.) household appliances and spare
parts and electronic components. (The above projects do not involve special administrative measures for the
implementation access of national regulations and those involving restricted projects and pre-existing
administrative licenses must obtain the pre-existing administrative licensing documents before operation.)
Main products or services currently offered are: EMMELLE bicycles electrical bicycles lithium battery material
and gold jewelry.
263. Release of the financial report
The Financial Report was approved to report at the 6th Session of 11th BOD of CBC on 25 August 2023.
4.Scope of the consolidate statement
The CBC has two subsidiaries and one sub-subsdiary included in the scope of consolidated financial statement
refer to the Note VIII-1.IV. Compilation Basis of Financial Statement
1. Compilation Basis
The financial statement is prepared based on continuing operation assumptions and according to actual
occurrence in line with relevant accounting rules and follow important accounting policy and estimation.
2. Going concern
During the 12 months since end of the reporting period there are no factors that cast significant doubt on the
sustainability and other matters that have affected the Company.V. Main accounting policy and Accounting Estimate
Tips for specific accounting policy and estimate:
Nil
1. Declaration on compliance with accounting standards for business enterprise
The financial statement prepared by the CBC Company based on follow compilation basis is comply with the
requirement of new accounting standards for business enterprise issued by Ministry of Finance and its application
guide commentate as well as other regulations (collectively referred to as Accounting Standards for Business
Enterprise) which is reflect a real and truth financial status of the Company as well as operation results and cash
flow situations.Furthermore the statement has reference to the listing and disclosure requirement from “Rules Governing theDisclosure of Information for Enterprise with Stock Listed No.15-general regulation of financial report” (2014
Revised) and “Notice on Implementation of New Accounting Standards for Listed Companies” (KJBH (2018) No.
453)
272. Accounting period
Calendar year is the accounting period for the CBC which is starting from 1 January to 31 December.
3. Business cycles
The business period for the Company which is the Gregorian calendar starting from 1 January to 31 December
4. Book-keeping currency
The CBC takes RMB as the standard currency for bookkeeping.
5. Accounting treatment for business combinations under the same control and those not under the same
control
(1) Accounting treatment for business combinations under the same control and those not under the same control
For a business merger that is under the same control and is achieved by the CBC through one single transaction or
multiple transactions assets and liabilities obtained from that business combination shall be measured at their
book value at the combination date as recorded by the party being absorbed in the consolidated financial statement
of ultimate controlling party. Capital reserve shall be adjusted as per the difference between the book value of
obtained net assets and the book value of paid consolidated consideration (or the nominal value of the issued
shares) of the Company; retained earnings shall be adjusted if the capital reserve is not sufficient for offset.
(2) Accounting treatment for Enterprise combine not under the same control
The CBC will validate the difference that the combined cost is more than the fair value of the net identifiable
assets gained from the acquiree on the acquisition date as goodwill; where the combined cost is less than the fair
value of net identifiable assets gained from the acquiree during business combination the fair value and combined
cost of various identifiable assets liabilities and contingent liabilities from the acquiree must be rechecked. Where
the combined cost is after the recheck still less than the fair value of net identifiable assets gained from the
acquiree during business combination the difference shall be charged to current profits and losses.As for business combination not under common control and realized through multiple transactions and by steps
the CBC shall make accounting treatment as follows:
1) Adjust the initial investment cost of long-term equity investments. As for stock equities held before the
acquisition date accounted according to the equity method re-measurement is carried out according to the fair
value of the equity on the acquisition date. The balance between the fair value and the book value is included in
the current investment income. If the acquiree’s stock equities held before the acquisition date involves changes of
other comprehensive incomes and other owner's equities under accounting with the equity method the balance
between the fair value and the book value is included in the current investment income on the acquisition date
excluding other comprehensive incomes incurred by changes due to re-measurement of net liabilities or net assets
28of the defined benefit plan.
2) Confirm the goodwill (or include the amount in the profits and losses). The initial investment cost of long-term
equity investments adjusted in step 1 is compared with the fair value of net identifiable assets of the subsidiary
shared on the acquisition date. If the former is greater than the latter the balance is confirmed as goodwill; if the
former is less than the latter the balance is included in the current profits and losses.Loss of control of a subsidiary in multiple transactions in which it disposes equity interests of its subsidiary in
stages
(1)In determining whether to account for the multiple transactions as a single transaction
A parent shall consider all the terms and conditions of the transactions and their economic effects. One or more of
the following may indicate that the parent should account for the multiple arrangements as a single transaction:
1) Arrangements are entered into at the same time or in contemplation of each other;
2) Arrangements work together to achieve an overall commercial effect;
3) The occurrence of one arrangement is dependent on the occurrence of at least one other arrangement;
4)One arrangement considered on its own is not economically justified but it is economically justified when
considered together with other arrangements.
(2)Accounting treatment for each of the multiple transactions forming part of a bundled transactions which
eventually results in loss of control the subsidiary during disposal of its subsidiary in stages
If each of the multiple transactions forms part of a bundled transactions which eventually results in loss of control
the subsidiary these multiple transactions should be accounted for as a single transaction. In the consolidated
financial statements the difference between the consideration received and the corresponding percentage of the
subsidiary’s net assets in each transaction prior to the loss of control shall be recognized in other comprehensive
income and transferred to the profit or loss when the parent eventually loses control of the subsidiary.The remaining equity investment shall be re-measured at its fair value in the consolidated financial statements at
the date when control is lost. The difference between the total amount of consideration received from the
transaction that resulted in the loss of control and the fair value of the remaining equity investment and the share
of net assets of the former subsidiary calculated continuously from the acquisition date or combination date based
on the previous shareholding proportion shall be recognized as investment income for the current period when
control is lost. The amount previously recognized in other comprehensive income in relation to the former
subsidiary’s equity investment should be transferred to investment income for the current period when control is
lost
(3)Accounting treatment for each of the multiple transactions NOT forming part of a bundled transactions which
eventually results in loss of control the subsidiary during disposal of its subsidiary in stages
29If the Company doesn't lose control of investee the difference between the amount of the consideration received
and the corresponding portion of net assets of the subsidiary shall be adjusted to the capital reserve (capital /equity
premium) in the consolidated financial statements.If the Company loses control of investee the remaining equity investment shall be re-measured at its fair value in
the consolidated financial statements at the date when control is lost. The difference between the total amount of
consideration received from the transaction that resulted in the loss of control and the fair value of the remaining
equity investment and the share of net assets of the former subsidiary calculated continuously from the acquisition
date or combination date based on the previous shareholding percentage shall be recognized as investment
income for the current period when control is lost. The amount previously recognized in other comprehensive
income in relation to the former subsidiary’s equity investment should be transferred to investment income for the
current period when control is lost.
6. Compilation method of consolidated financial statement
Consolidated financial statements are prepared by the Company in accordance with Accounting Standard for
Business Enterprise No. 33-Consolidated Financial Statements and based on financial statements of parent
company and its subsidiaries and other related information.When consolidating the financial statements the following items are eliminated: internal equity investment and
owners’ equity of subsidiaries proceeds on internal investments and profit distribution of subsidiaries internal
transactions internal debts and claim. The accounting policies adopted by subsidiaries are the same as parent
company.
7. Classification of joint venture arrangement and accounting treatment for joint control
(1) Recognition and classification of joint venture arrangement
Joint arrangement refers to an arrangement controlled by two or more than two participants. Joint venture
arrangement has the following characteristics: 1) Each participant is bound by the arrangement; 2) Two or more
participants carry out joint control on implementation of the arrangement. Any participant cannot control the
arrangement independently. Any participant for joint control can stop other participants or participant
combinations to independently control the arrangement.Joint control refers to the sharing of control over certain arrangement under related agreements and related
activities of the arrangement must be determined only when obtaining the unanimous consent of the parties
sharing control.Joint venture arrangement is classified in to joint operation and joint venture. Joint operation refers to an
arrangement that a joint party enjoys assets related to the arrangement and bears liabilities related to the
arrangement. Joint venture refers to an arrangement that a joint party only has the power governing net assets of
the arrangement.
30(2) Accounting treatment of joint venture arrangement
Joint venture participants should confirm the following items related to interest shares in joint venture and carry
out accounting settlement according to relevant provisions of the Accounting Standards for Business Enterprises:
1) confirm the assets held separately and confirm the assets held jointly based on shares; 2) confirm the liabilities
borne separately and confirm the liabilities borne jointly based on shares; 3) confirm the income incurred after
selling its shares in joint venture output; 4) confirm the income after selling the joint venture outputs based on
shares; 5) confirm the expenses incurred separately and confirm the expenses incurred in joint venture based on
shares.Joint venture participants should carry out accounting settlement for investments of the joint venture according to
provisions of Accounting Standards for Business Enterprises No.2–Long-term Equity Investments.
8. Recognition of cash and cash equivalents
Cash in cash flow statement means the inventory cash and savings available for use anytime. Cash equivalents
refer to the short-term (generally due within three months since the date of purchase) highly liquid investments
that are readily convertible into known amounts of cash and that are subject to an insignificant risk of change in
value.
9. Foreign currency transaction and financial statement conversion
(1)Conversion for foreign currency transaction
When initially recognized the foreign currency for the transaction shall be converted into CNY amount according
to the spot exchange rate on the date of transaction. For the foreign currency monetary items conversion must be
based on the spot exchange rate on the balance sheet date and the exchange difference incurred from different
exchange rates except for the exchange difference of principal and interest incurred due to foreign currency loan
related to acquisition or construction of assets that qualify for capitalization shall be charged to current profits and
losses; foreign currency non-monetary items measured with historical cost are still converted as per the spot
exchange rate on the transaction date and keep the RMB amount unchanged; foreign currency non-monetary items
measured with fair value shall be converted as per the spot exchange rate on the date of determining the fair value
and the difference shall be charged to current profits and losses or other comprehensive income.
(2)Conversion of financial statements presented in foreign currencies
The asset and liability items in the balance sheet shall be converted at the spot exchange rate on the balance
sheet date; the owner’s equity items except for the items of “Retained profit” shall be converted at the spot
exchange rate on the transaction date; the income and expenditure items in the profit statement shall be
converted at the spot exchange rate on the transaction date. The translation difference of foreign financial
statements conducted as above is recognized as other comprehensive incomes.
3110. Financial instruments
(1) Recognition and termination for financial instrument
Financial assets or financial liabilities are recognized when the CBC becomes a party to the contractual provisions
of the instrument.When buying and selling financial assets in a conventional manner recognize and derecognize them according to
the accounting of the trading day. Buying and selling financial assets in a conventional manner refers to the
collection or delivery of financial assets in accordance with the contract terms and within the period prescribed by
regulations or prevailing practices. Trading day refers to the date when the CBC promises to buy or sell financial
assets.When meeting the following conditions a financial asset (or part of a financial asset or part of a group of similar
financial assets) need terminate recognition i.e. to write off from its account and balance sheet:
1) The right to receive cash flows from financial assets expires;
2) The right to receive cash flows of financial assets is transferred or assume the obligation to pay the full amount
of cash flows received to a third party in a timely manner under the “handover agreement”; and (a) virtually
transferred almost all risks and rewards of the ownership of financial assets or (b) although virtually neither
transferred nor retained almost all risks and rewards of the ownership of financial assets abandoned the control of
the financial assets.
(2) Classification and measurement of financial assets
The CBC’s financial assets are classified as financial assets measured at amortized cost financial assets measured
at fair value and whose changes are included in other comprehensive income and financial assets measured at fair
value and whose changes are included in the current profit and loss according to the CBC’s business model for
managing financial assets and the contractual cash flow characteristics of financial assets at initial recognition.The subsequent measurement of financial assets depends on their classification.The CBC’s classification of financial assets is based on CBC’s business model for managing financial assets
and the cash flow characteristics of financial assets.
1)Financial assets measured at amortized cost
Financial assets that meet the following conditions at the same time are classified as financial assets measured at
amortized cost: the Company’s business model for managing this financial asset is to collect contractual cash
32flows; the contract terms of the financial asset stipulate that the cash flow generated on a specific date is only the
payment of principal and interest based on the outstanding principal amount. For such financial assets the actual
interest rate method is used for subsequent measurement based on amortized cost and the gains or losses arising
from amortization or impairment are included in the current profit and loss.
2)Debt instrument investments measured at fair value and whose changes are included in other comprehensive
income
Financial assets that meet the following conditions at the same time are classified as financial assets measured
at fair value and whose changes are included in other comprehensive income: the Company’s business model
for managing this financial asset is to both collect contractual cash flows and sell the financial assets; the
contract terms of the financial asset stipulate that the cash flow generated on a specific date is only for the
payment of principal and interest based on the outstanding principal amount. For such financial assets fair
value is used for subsequent measurement. The discount or premium is amortized by using the actual interest
method and is recognized as interest income or expenses. Except that the impairment loss and the exchange
difference of foreign currency monetary financial assets are recognized as current gains and losses changes in
the fair value of such financial assets are recognized as other comprehensive income until the financial asset is
derecognized its cumulative gains or losses are transferred to the current profit and loss. Interest income related
to such financial assets is included in the current profit and loss.
3)Equity instrument investments measured at fair value and whose changes are included in other comprehensive
income
The CBC irrevocably chooses to designate some non-trading equity instrument investments as financial assets
measured at fair value and whose changes are included in other comprehensive income. Only relevant dividend
income is included in the current profit and loss and changes in fair value are recognized as other comprehensive
income until the financial asset is terminate recognition its accumulated gains or losses are transferred to retained
earnings.
4) Financial assets measured at fair value and whose changes are included in the current profit and loss
Financial assets except for above financial assets measured at amortized cost and financial assets measured at fair
value and whose changes are included in other comprehensive income are classified as financial assets measured
at fair value and whose changes are included in the current profit and loss. During initial recognition in order to
eliminate or significantly reduce accounting mismatches financial assets can be designated as financial assets
measured at fair value and whose changes included in the current profit and loss. For such financial assets fair
value is used for subsequent measurement and all changes in fair value are included in the current profit and loss.When and only when the Company changes its business model for managing financial assets it will reclassify all
33affected related financial assets. For financial assets measured at fair value and whose changes are included in the
current profit or loss the related transaction costs are directly included in the current profit and loss and the
related transaction costs of other types of financial assets are included in the initial recognition amount.
(3) Classification and measurement of financial liabilities
The CBC’s financial liabilities are classified as financial liabilities measured at amortized cost and financial
liabilities measured at fair value and whose changes are included in the current profit and loss at initial recognition.Financial liabilities that meet one of the following conditions can be designated as financial liabilities measured at
fair value and whose changes are included in current profit or loss during initial measurement: (1) This
designation can eliminate or significantly reduce accounting mismatches; (2) According to the group risk
management or investment strategies stated in official written documents management and performance
evaluation of financial liability portfolios or financial assets and financial liability portfolios are conducted based
on fair value and are reported to key management personnel within the group on this basis; (3) The financial
liability includes embedded derivatives that need to be split separately.The CBC determines the classification of financial liabilities at initial recognition. For financial liabilities that are
measured at fair value and whose changes are included in the current profit or loss the related transaction costs
are directly included in the current profit and loss and the related transaction costs of other financial liabilities are
included in its initial recognition amount.The subsequent measurement of financial liabilities depends on their classification:
1)Financial liabilities measured at amortized cost
For such financial liabilities adopt actual interest rate method and make subsequent measurements based on
amortized costs.
2)Financial liabilities measured at fair value and whose changes are included in the current profit and loss
Financial liabilities that are measured at fair value and whose changes are included in the current profit or loss
include trading financial liabilities (including derivatives that are financial liabilities) and financial liabilities
designated to be measured at fair value at the initial recognition and whose changes are included in the current
profit or loss.
34(4) Financial instruments offset
If the following conditions are met at the same time the financial assets and financial liabilities are listed in the
balance sheet with the net amount after mutual offset: legal right to offset the confirmed amount and this legal
right is currently executable; Net settlement or simultaneous realization of the financial assets and liquidation of
the financial liabilities.
(5)Impairment of financial assets
The CBC recognizes the loss provisions on the basis of expected credit losses for financial assets measured at
amortized cost debt instrument investments measured at fair value and whose changes are included in other
comprehensive income and financial guarantee contracts. Credit loss refers to the difference between all
contractual cash flows receivable under the contract and discounted according to original actual interest rate by
the CBC and all expected receivable cash flows that is the present value of all cash shortages.The CBC considers all reasonable and evidence-based information including forward-looking information and
estimates the expected credit loss of financial assets measured at amortized cost and financial assets measured at
fair value and whose changes are included in other comprehensive income (debt instruments) in a single or
combined manner.
1)General model of expected credit loss
If the credit risk of the financial instrument has increased significantly since the initial recognition the CBC
measures its loss provisions in accordance with the amount equivalent to the expected credit loss of the
financial instrument for the entire duration; if the credit risk of the financial instrument has not significantly
increased since the initial recognition the CBC measures its loss provisions in accordance with the amount
equivalent to the expected credit loss of the financial instrument in the next 12 months. The resulting increased
or reversed amount of the loss provisions is included in the current profit and loss as an impairment loss or gain.For the CBC’s specific assessment of credit risk please see details in Note IX. Risks Related to FinancialInstruments”.Generally the CBC believes that the credit risk of the financial instrument has significantly increased when it
exceeds 30 days after the due date unless there is concrete evidence that the credit risk of the financial instrument
has not increased significantly since initial recognition.Specifically the Company divides the process of credit impairment of financial instruments of which no credit
impairment has occurred at the time of purchase or origin into three stages. There are different accounting
treatment methods for the impairment of financial instruments at different stages:
35Stage one: Credit risk has not increased significantly since initial recognition
For a financial instrument at this stage the enterprise should measure the loss provisions according to the
expected credit losses in the next 12 months and calculate the interest income based on its book balance (that is
without deducting provisions for impairment) and the actual interest rate (if the instrument is a financial asset the
same below).Stage two: Credit risk has increased significantly since initial recognition but no credit impairment has occurred
For a financial instrument at this stage the enterprise should measure the loss provisions according to the
expected credit loss of the instrument for its entire duration and calculate the interest income based on its book
balance and actual interest rate.Stage three: Credit impairment occurs after initial recognition
For a financial instrument at this stage the enterprise should measure the loss provisions based on the expected
credit losses of the instrument for its entire duration but the calculation of interest income is different from the
financial assets at the previous two stages. For financial assets that have suffered credit impairment the enterprise
should calculate interest income based on its amortized cost (book balance minus the provisions for impairment
i.e. book value) and the actual interest rate.For financial assets that have suffered credit impairment at the time of purchase or origin the enterprise should
only recognize changes in expected credit losses for the entire duration after initial recognition as loss provisions
and calculate the interest income based on its amortized cost and credit-adjusted actual interest rate.
2) The CBC chooses not to compare the financial instrument with lower credit risk on the balance sheet date with
its credit risk at initial recognition but directly makes the assumption that the credit risk of the instrument has not
increased significantly since the initial recognition.If the enterprise confirms that the default risk of financial instruments is low the borrower has a strong ability to
fulfill its contractual cash flow obligations in the short term and even if there are adverse changes in the economic
situation and operating environment in a longer period of time it will not necessarily reduce the borrower’s ability
to fulfill its contractual cash flow obligations then the financial instrument can be considered to have lower credit
risk.
3)Account receivable and lease receivables
36The CBC adopts the simplified model of expected credit loss for accounts receivables specified in “AccountingStandards for Business Enterprises No.14 - Revenue” and without containing significant financing components
(including the case that the financing components in contracts that do not exceed one year are not considered
according to the standards) that is always measures their loss provisions according to the amount of expected
credit loss during the entire duration.The CBC makes accounting policy choices for the receivables containing significant financing components and
the lease receivables specified in “Accounting Standards for Business Enterprises No.21 - Leases” and chooses to
adopt the simplified model of expected credit losses that is to measure the loss provisions in accordance with the
amount of expected credit losses throughout the entire duration.
(6) Transfer of financial assets
Where the CBC has transferred almost all the risks and rewards in the ownership of the financial asset to the
transferee the recognition of the financial assets shall be terminated; where almost all risks and rewards in the
ownership of a financial asset are retained the recognition of the financial assets are not terminated.If the CBC neither transfers nor retains substantially all the risks and rewards of ownership of a financial asset it
shall be accounted for as follows: the financial asset should be terminated if the Group waives control over the
asset; it recognizes the financial asset to the extent of its continuing involvement in the transferred financial asset
and recognizes an associated liability if the Group does not waives control over the asset.If the transferred financial assets continue to be involved by providing financial guarantee the assets continue to
be involved shall be recognized according to the lower of the book value of the financial assets and the amount of
financial guarantee. The financial guarantee amount means the maximum amount of consideration received which
will be required to be repaid.The Company shall comply with the disclosure requirement of jewelry-related industries in the “Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 3- Industry Disclosure”
Nil
11.Note receivable
The Group adopts the simplified model of expected credit loss for the accounts receivables specified in
“Accounting Standards for Business Enterprises No.14 - Revenue” and without containing significant financing
components (including the case that the financing components in contracts that do not exceed one year are not
considered according to the standards) that is always measures their loss provisions according to the amount of
expected credit loss during the entire duration and the resulting increased or reversed amount of the loss provision
is included in the current profit and loss as an impairment loss or gain. The accrual method is as follows:
37The CBC divides the bills receivable into two types i.e. bank acceptance bills and commercial acceptance bills
portfolios according to the type of financial instruments. For bank acceptance bills the accepting bank pays the
determined amount to the taker or the bearer unconditionally due to the maturity of the bills the overdue credit
loss is low and has not increased significantly since the initial confirmation the Company believes that the risk of
overdue default is 0; for commercial acceptance bills the Company believes that the probability of default is
related to the aging we use a simplified model of expected credit losses that is the allowance for losses is always
measured at the amount of expected credit losses over the entire duration period. Proportion for accrual found
more in the 12. accounting policy and estimate for account receivable in III.
12.Account receivableThe CBC adopts the simplified model of expected credit loss for accounts receivables specified in “AccountingStandards for Business Enterprises No.14 - Revenue” and without containing significant financing components
(including the case that the financing components in contracts that do not exceed one year are not considered
according to the standards) that is always measures their loss provisions according to the amount of expected
credit loss during the entire duration and the resulting increased or reversed amount of the loss provision is
included in the current profit and loss as an impairment loss or gain.For accounts receivable that contain a significant financing component the CBC chooses to use the simplified
model of expected credit losses that is to always measure its loss provisions according to the amount of expected
credit losses during the entire duration.
1. Simplified model of expected credit losses: always measure the loss provisions according to the amount of
expected credit losses during the entire duration
The CBC considers all reasonable and well-founded information including estimates of expected credit losses
on accounts receivable in a single or combined manner.
(1)Account receivable with single significant amount and with individual provision for bad debt reserves
Judgment basis or amount criteria for account with single Withdrawal method for bad debt provision of account
significant amount receivable with single significant amount
Receivable commercial acceptance bill account receivable and Carry out impairment test separately and withdraw bad debt
other receivables with single amount more than 5 million yuan provision according to the difference between the present value
(including) of future cash flow and its book value
(2)Receivables with provision for bad debts by portfolio
Portfolio determine basis
On the basis of the actual loss rate of the portfolio of
Age analysis receivables with similar credit risk characteristics which are the
same or similar in the previous year for the single amount of
non-material receivables it is divided into several portfolios
38according to the credit risk characteristics together with the
receivables without impairment after the separate test
Bank acceptance
Other
In the combination the proportion of bad debt provision withdrawn by aging analysis method is as follow:
Withdrawing
Accrual proportion of commercial Withdrawing proportion
Account age proportion of the acceptance bill receivable of other receivable
account receivable
Within one year(one year
included) 0.3% 0.3% 0.3%
1～2 years (2-year included) 100% 0.3% 0.3%
2～3 years (3-year included) 100% 0.3% 0.3%
Over 3 years 100% 100% 100%
Including:Irrecoverable
recognized Write off Write off Write off
(3)Account receivable with single significant amount and with individual provision for bad debt reserves
Judgment basis or amount criteria for account with single Withdrawal method for bad debt provision of account
minor amount receivable with single minor amount
Receivable commercial acceptance bill account receivable and Carry out impairment test separately and withdraw bad debt
other receivables with single amount less than 5 million yuan provision according to the difference between the present value
(including) and the probability of recall is small by nature of future cash flow and its book value
2. A general model of expected credit loss
Found more in the treatment in【Note 10. Financial instrument】
13.Receivable financing
Financial assets that meet the following conditions at the same time are classified as financial assets measured at
fair value and whose changes are included in other comprehensive income: the CBC’s business model for
managing this financial asset is to both collect contractual cash flows and sell the financial assets; the contract
terms of the financial asset stipulate that the cash flow generated on a specific date is only for the payment of
principal and interest based on the outstanding principal amount.The CBC transfers the receivables held by discounting or endorsement and such operations are more frequent
with large amount involved. The management business models is essentially both the collection of contractual
cash flows and the sales; in accordance with the relevant provision of financial instrument standards classified
them into the financial assets measured at fair value and with its variation reckoned into other comprehensive
income.
3914.Other account receivable
Determination method and accounting treatment of the expected credit loss of other account receivable
(1)Account receivable with single significant amount and with individual provision for bad debt reserves:
Account with single significant amount: the single receivable has over 5 million yuan at end of the period
At the end of the period the receivables with significant single amount are tested separately for impairment. If
there is objective evidence that they have been impaired the impairment loss will be recognized and the provision
for bad debts will be made based on the balance between the present value of future cash flows and its book value.
(2)Account receivable with bad debt provision accrual by portfolio
For the receivables with non significant single amount at the end of the period they are divided into several
combinations together with the receivables without impairment after independent test according to the account age
as the credit risk feature. The impairment loss is calculated and determined according to a certain proportion of
the ending balance of these receivables combinations (impairment test can be conducted separately) and the bad
debt provision is withdrawn.In addition to the receivables for which impairment provision has been separately made the company determines
the following proportion of provision for bad debts based on the actual loss rate of the combination of receivables
with account age as credit risk characteristics in the previous year which is the same or similar to the receivables
in combination with the current situation:
(2) Age analysis
Accrual ratio of account Accrual ratio of other account Account age
receivable receivable
Within one year(one year included) 0.3% 0.3%
1～2 years (2-year included) 0.3% 0.3%
2～3 years (3-year included) 0.3% 0.3%
Over 3 years 100% 100%
Including:Irrecoverable recognized Write off Write off
Note: no bad debt provision for account receivable and other account receivable between the companies within the scope of
consolidation
(3) Account receivable with minor single amount but with bad debt provision accrual
Reasons for individual provision for bad debt: the Company carry out separate impairment test for receivables
that are not individually significant but have the following characteristics. If there is an objective evidence of
impairment an impairment loss is recognized for the difference between the present value of future cash flow
and the carrying amount and a provision for bad debts is made; the receivables in dispute with the other party
or involved in litigation or arbitration; receivables where there are clear indications that the debtor is likely to be
unable to meet its repayment obligations.
40Accrual method for bad debt provision: if an impairment test is performed separately and there is an objective
evidence of impairment an impairment loss is recognized and a provision for bad debt is made on the basis of
the difference between the present value of future cash flow and the carrying amount.
15.InventoryThe Company shall comply with the disclosure requirement of jewelry-related industries in the “Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 3- Industry Disclosure”
(1) Classification of inventory
The CBC classifies the inventory into raw materials goods in process goods on hand wrap page low value
consumables materials for consigned processing and goods sold etc.
(2) Valuation of inventories
Inventories are initially measured at cost upon acquisition which includes procurement costs processing costs
and other costs. Cost of the inventory issued is carried forward on the basis of a combination of the weighted
average method and specific identification when inventories are issued.
(3) Provision for inventory impairment
When a comprehensive count of inventories is done at the end of the period provision for inventory impairment is
allocated or adjusted using the lower of the cost of inventory and the net realizable value. The net realizable value
of stock in inventory (including finished products goods in stock and materials for sale) that can be sold directly
is determined using the estimated saleable price of such inventory deducted by the cost of sales and relevant
taxation over the course of ordinary production and operation. The net realizable value of material in inventory
that requires processing is determined using the estimated saleable price of the finished product deducted by the
cost to completion estimated cost of sales and relevant taxation over the course of ordinary production and
operation. The net realizable value of inventory held for performance of sales contract or labor service contract is
determined based on the contractual price; in case the amount of inventory held exceeds the contractual amount
the net realizable value of the excess portion of inventory is calculated using the normal saleable price.Provision for impairment is made according to individual items of inventories at the end of the period; however
for inventories with large quantity and low unit price the provision is made by categories; inventories of products
that are produced and sold in the same region or with the same or similar purpose or usage and are difficult to be
measured separately are combined for provision for impairment.If the factors causing a previous write-off of inventory value has disappeared the amount written-off is reversed
and the amount provided for inventory impairment is reversed and recognized in profit or loss for the period.
41(4)Inventory system
Perpetual inventory system is adopted.
16.Contractual assets
1. Method and standard for recognition of contractual assets
The CBC lists contractual assets or contractual liabilities in the balance sheet based on the relationship between
performance obligations and customer payments. The CBC's right to receive consideration for goods or services
transferred to the customer (And that right depends on factors other than the passage of time) is listed as
contractual assets. Contractual assets and contractual liabilities under the same contract are listed as a net
amount. The CBC's right to receive consideration from customers unconditionally (only depends on the passage
of time) is listed separately as a receivable.
2. Determination and accounting treatment of the expected credit loss for contractual assetsDetermination and accounting treatment of the expected credit loss for contractual assets found more in Note “10.Financial instrument”
17. Contractual cost
Nil
18. Assets held for sale
The CBC classifies such corporate components (or non-current assets) that meet the following criteria as held-for-
sale: (1) Disposable immediately under current conditions based on similar transactions for disposals of such
assets or practices for the disposal group; (2) Probable disposal; that is a decision has been made on a plan for
disposal and an undertaking to purchase has been obtained (the undertaking to purchase means a binding purchase
agreement entered into by the Company and other parties which contains transaction price time and adequately
strict punishments for breach of contract provisions which renders the possibility of material adjustment or
revocation of the agreement is extremely minor) and the disposal is expected to be completed within a year.Besides approval from relevant competent authorities or regulatory authorities has been obtained as required by
relevant rules.The expected net residual value of asset held for sale is adjusted by the CBC to reflect its fair value less selling
expense provided that the net amount shall not exceed the original carrying value of the asset. In case that the
original value is higher than the adjusted expected net residual value the difference shall be recorded in profit or
loss for the period as asset impairment loss and allowance of impairment for the asset shall be provided.Impairment loss recognized in respect of the disposal group held for sale shall be used to offset the carrying value
of the goodwill in the disposal group and then offset the carrying value of the non-current assets within the
disposal group based on their respective proportion of their carrying value.
42In respect of the non-current assets held for sale if the net amount after their fair value less the selling expenses
increased as at the subsequent balance date the reduced amount before will be recovered and reversed in the
assets impairment loss amount recognized after being classified as held for sale and the reversed amount will be
recorded in the current profits or loss. The impairment loss on assets recognized before being classified as held for
sale will not be reversed. In respect of the disposal group held for sale if the net amount after their fair value less
the selling expenses increased as at the subsequent balance date the reduced amount before will be recovered and
reversed in the assets impairment loss amount recognized in non-current assets after being classified as held for
sale and the reversed amount will be recorded in the current profits or loss. The reduced book value of the
goodwill as well as the impairment loss on assets recognized before the non-current assets are classified as held
for sale will not be reversed.The amount of subsequent reversal of the impairment losses on assets recognized in disposal group held for sale
shall be increased proportionately to the carrying amount of each non-current asset in the disposal group other
than goodwill to which the measurement provisions of the is standards applied based on its proportionate share of
the carrying amount.In respect of loss of control in a subsidiary arising from disposal of the investment in such subsidiary the
investment in a subsidiary shall be classified as held for sale in its entirety in the individual financial statement of
the parent company and all the assets and liabilities of the subsidiary shall be classified as held for sale in the
consolidated financial statement subject to that the proposed disposal of investment in the subsidiary satisfies such
conditions as required for being classified as held for sale notwithstanding part equity investment will be retained
by the Company after such disposal.
19. Debt investment
Nil
20. Other debt investment
Nil
21. Long-term account receivable
Nil
22. Long-term equity investment
(1)Recognition of investment costs
1)If it is formed by the business combination under the common control and that the combining party takes cash
payment transfer of non-cash assets assumption of debts or issuance of equity securities as the consolidation
43consideration the shares of the book value of the owner’s equity obtained from the combined party on the date of
combination in the ultimate controlling party’s consolidated financial statements shall be recognized as its initial
investment cost. Capital reserves shall be adjusted according to the balance between the initial investment cost for
long-term equity investment and the book value of paid consolidation consideration or the total face value of
issued shares (capital premium or equity premium). If capital reserves are insufficient for offset retained earnings
shall be adjusted.As for business combination under the common control realized by the Company through several transactions the
initial investment cost of the investment shall be determined based on the share of the carrying value of the
owners’ equity of the consolidated party as calculated according to the shareholding proportion on the
consolidation date. Difference between initial investment cost and the carrying value of long-term equity
investment before combination and the sum of carrying value of newly paid consideration for additional shares
acquired on the date of combination is to adjust capital reserve (capital premium or equity premium). If the
balance of capital reserve is insufficient any excess is adjusted to retained earnings.
2) As for long-term equity investment formed from business combination not under common control the fair
value of the consolidated consideration paid shall be deemed as the initial investment cost on the acquisition date.
3) Except those ones formed by the business combination for all items obtained by means of cash payment
actually paid acquisition costs shall be taken as the initial investment cost. For those ones obtained by the issuance
of equity securities the fair value of the issued equity securities shall be taken as the initial investment cost. For
those ones invested by investors the value agreed in the investment contract or agreement shall be taken as the
initial investment cost provided that the value agreed in the contract or agreement shall be fair.
(2)Subsequent measurement and profit or loss recognition
For a long-term equity investment where the CBC can exercise control over the investee the long-term
investment is accounted for using the cost method in the Company’s financial statements. The equity method is
adopted when the Group has joint control or exercises significant influence on the investee.Under cost method long term equity investment is measured at initial investment cost. Except for the price
actually paid for obtaining the investment or the cash dividends or profits declared but not yet distributed which is
included in the consideration the Company recognizes cash dividends or profits declared by the investee as
current investment gains and determine whether there is impairment on long term investment according to
relevant assets impairment policies.Under equity method when the initial investment cost of the long-term equity investment exceeds the share of fair
value in the net identifiable assets in the investee the difference shall be included in initial investment cost of the
long-term equity investment. When the initial investment cost is lower than the share of fair value in the net
identifiable asset in the investee such difference is recognized in profit or loss for the period with adjustment of
cost of the long-term equity investment.
44Under equity method after the Company acquires a long-term equity investment it shall in accordance with its
attributable share of the net profit or loss realized by the investee recognize the investment profit or loss and
adjust carrying value of the investment. The Group recognizes its share of the investee’s net profits or losses after
making appropriate adjustments to the investee’s net profits and losses based on the fair value of the investee’s
identifiable assets at the acquisition date using the Group’s accounting policies and periods and eliminating the
portion of the profits or losses arising from internal transactions with its joint ventures and associates attributable
to the investing entity according to its shareholding proportion (but impairment losses for assets arising from
internal transactions shall be recognized in full). The carrying amount of the investment is reduced based on the
Group’s share of any profit distributions or cash dividends declared by the investee. The CBC’s share of net losses
of the investee is recognized to the extent the carrying amount of the investment together with any long-term
interests that in substance form part of its net investment in the investee is reduced to zero except that the Group
has the obligations to assume additional losses. The CBC adjusts the carrying amount of the long-term equity
investment for any changes in owners’ equity of the investee (other than net profits or losses) and includes the
corresponding adjustments in the owners’ equity of the Group.
(3) Determination of control and significant influence on investee
Control is the power over an investee. An investor must have exposure or rights to variable returns from its
involvement with the investee and the ability to use its power over the investee to affect the amount of the
investor’s returns. Significant influence is the power to participate in the financial and operating policy decisions
of the investee but is not control or joint control with other parties over those policies
(4)Disposal of long-term equity investment
1) Partial disposal of long term investment in which control is retained
When long term investment is been partially disposed but control is retained by the company the difference
between disposal proceeds and carrying amount of the proportion being disposed is accounted for through profit
or loss.
2) Partial disposal of long term investment in which control is lost
When long term investment is partially disposed and control is lost as a result the carrying value of the long term
invest on the stock right the difference between carrying amount of the part being disposed and disposal proceeds
should be recognized as profit or loss. The residual part should be treated as long term investment or other
financial assets according to their carrying amount. After partial disposal if the company is able to exert
significant influence or common control over the investee the investment should be measured according to cost
method or equity method in compliance with relevant accounting standards and regulations.
(5)Impairment test and provision for impairment
If there is objective evidence on the balance sheet date showing investment in subsidiaries associates and joint
ventures is impaired provision of impairment shall be made against the difference between the carrying amount
45and the recoverable amount of the investment.
23.Investment real estate
Measurement mode
Measured by cost method
Depreciation or amortization method
(1) Investment real estate including land use right which has been rented out land use right which is held for
transfer upon appreciation and buildings which has been rented out.
(2) Investment real estate are initially measured at cost and subsequently measured as per the cost pattern and
relevant withdrawal of provision for depreciation or amortization is carried out by the same method for fixed
assets and intangible assets. As of the balance sheet date where there is any indication that an Investment real
estate experiences impairment the relevant impairment provision shall be provided for based on the difference
between the carrying value and the recoverable amount.
24.Fix assets
(1) Recognition conditions
Fixed assets refer to the tangible assets for production of products provision of labor lease or operation and with a service life in
excess of one financial year.Fixed assets are recorded at the actual cost at the time of acquisition and depreciation is calculated and withdrawn using the average
life method from the month after they reach the intended usable state
(2) Depreciation methods
Yearly depreciation
Category Method Years of depreciation Scrap value rate
rate
Straight-line
Houses and buildings 20 years 10% 4.5%
depreciation
Straight-line
Machinery equipment 10 years 10% 9%
depreciation
Transportation Straight-line
5 years 10% 18%
equipment depreciation
Electronic equipment Straight-line
5 years 10% 18%
and others depreciation
(3)Impairment test method for fixed assets and impairment provision
As of the balance sheet date if there is an indication that fixed assets are impaired a corresponding provision
for impairment is made for the difference between the carrying amount and the recoverable amount.
46(3) Recognition basis valuation and depreciation method for financial lease assets
Finance lease is determined when one or a combination of the following conditions are satisfied: 1) the ownership
has been transferred to the lessee when the leasing term is due; 2) the lessee has the option to purchase the leasing
asset at a price that is much lower than its fair value so it can be reasonably determined that the lessee will take
the option at the very beginning of the lease; 3) the leasing term accounts for most time of the useful life
(ordinarily accounting for 75% or higher) even if the ownership does not transfer to the lessee; 4) the present
value of the minimum amount of rent that the lessee has to pay at the first day of the lease amounts to 90% or
higher of its fair value at the same date; or the present value of the minimum amount of rent that the lessor collects
at the first day of the lease amounts to 90% or higher of its fair value at the same date; and/or 5) the leased assets
are of such a specialized nature that only the lessee can use them without major modifications.Fixed assets rented-in under finance lease are recorded at the lower of fair value and the present value of the
minimum lease payment at the inception of the lease and are depreciated following the depreciation policy for
self-owned fixed assets.
25.Construction in progress
(1)When the construction in progress has reached the intended condition for use it will be treated as fixed assets
as per the actual construction cost. If the construction in progress has reached the intended condition for use but
completion accounting is not carried out the construction in progress should be first treated as fixed assets as per
the estimated value. After completion accounting is carried out the original estimated value should be adjusted as
per the actual cost but the provision for depreciation withdrawn should not be adjusted.
(2)As of the balance sheet date where there is any indication that a construction in process experiences
impairment the relevant impairment provision shall be provided for based on the difference between the carrying
value and the recoverable amount.
26. Borrowing expenses
Nil
27. Biological assets
Nil
28. Oil and gas asset
Nil
4729. Right-of-use assets
On the commencement date of the lease term the Group recognizes right-of-use assets and lease liabilities for
leases except for short-term leases and leases of low-value assets that are simplified by the standard.The Group initially measures right-of-use assets at cost. This cost includes:
1. The initial measurement amount of the lease liability;
2. The lease payment amount paid on or before the commencement date of the lease term if there is a lease
incentive deduct the relevant amount of the lease incentive already enjoyed;
3. Initial direct costs incurred;
4. The expected cost of demolishing and removing the leased asset restoring the site where the leased asset is
located or restoring the leased asset to the condition as agreed in the lease terms. If the aforementioned cost is
incurred for the production of inventories and the Accounting Standards for Business Enterprises No. 1 -
Inventories shall apply.The Group recognizes and measures the cost mentioned in Item 4 above in accordance with Accounting Standards
for Business Enterprises No. 13 - Contingencies.Initial direct costs are the incremental cost incurred to achieve the lease. Incremental cost is the cost that would
not have incurred if the enterprise had not acquired the lease.With reference to the relevant depreciation provisions of Accounting Standards for Business Enterprises No. 4 -
Fixed Assets the Group accrues depreciation for right-of-use assets. Where it can be reasonably determined that
the ownership of the leased asset will be obtained at the expiration of the lease term depreciation shall be accrued
within the remaining service life of the leased asset. Where it cannot be reasonably determined that the ownership
of the leased asset can be obtained at the expiration of the lease term depreciation shall be accrued within the the
shorter of the lease term and the remaining service life of the leased asset.In accordance with the Accounting Standards for Business Enterprises No. 8 - Impairment of Assets the Group
determines whether the right-of-use asset is impaired and performs accounting treatment on the identified
impairment losses.
30. Intangible assets
(1) Valuation method service life and impairment test
1).Intangible assets include land use right patent right and non-patent technology which should be initially
measured at cost.
482).Intangible assets with limited service life should be amortized systematically and reasonably in their service
lives as per the expected form of realization economic benefits relating to the said intangible assets. If the form of
realization cannot be reliably determined the intangible assets should be amortized on a straight-line basis.
3).At the balance sheet date when there is any indication that the intangible assets with finite useful lives may be
impaired a provision for impairment loss is recognized on the excess of the carrying amounts of the assets over
their recoverable amounts. Intangible assets with infinite useful lives and intangible assets not satisfying the
condition for use yet are subject to impairment test each year notwithstanding whether the assets are impaired.
4). Expenditure incurred in the research phase of internal R&D shall be included in current gain/loss at the time of
occurrence. Intangible assets recognized for expenditure in exploitation stage by satisfying the followed at same
time: * it is technically feasible that the intangible asset can be used or sold upon completion; * there is intention
to complete the intangible asset for use or sale; * the intangible asset can produce economic benefits including
there is evidence that the products produced using the intangible asset has a market or the intangible asset itself
has a market; if the intangible asset is for internal use there is evidence that there exists usage for the intangible
asset; * there is sufficient support in terms of technology financial resources and other resources in order to
complete the development of the intangible asset and there is capability to use or sell the intangible asset; * the
expenses attributable to the development phase of the intangible asset can be measured reliably.
(2) Internal accounting policies relating to research and development expenditures
Expenditure incurred in the research phase of internal R&D shall be included in current gain/loss at the time of
occurrence. Intangible assets recognized for expenditure in exploitation stage by satisfying the followed at same
time: * it is technically feasible that the intangible asset can be used or sold upon completion; * there is intention
to complete the intangible asset for use or sale; * the intangible asset can produce economic benefits including
there is evidence that the products produced using the intangible asset has a market or the intangible asset itself
has a market; if the intangible asset is for internal use there is evidence that there exists usage for the intangible
asset; * there is sufficient support in terms of technology financial resources and other resources in order to
complete the development of the intangible asset and there is capability to use or sell the intangible asset; * the
expenses attributable to the development phase of the intangible asset can be measured reliably.
31. Impairment of long-term assets
Nil
4932. Long-term expenses to be apportioned
Long-term expenses to be apportioned are booked by actual amount occurred and apportioned evenly during the
benefit period or regulated period.In case that the long-term deferred expenses are not likely to benefit the
subsequent accounting periods the outstanding value of the item to be amortized shall be included in current
profit or loss in full.
33. Contract liability
The CBC lists contractual assets or contractual liabilities in the balance sheet based on the relationship between
performance obligations and customer payments. The CBC's obligations to transfer goods or provide services to
customers for which consideration has been received or receivable are listed as contractual liabilities. contractual
assets and contractual liabilities under the same contract are listed as a net amount.
34. Employee compensation
(1) Accounting treatment for short-term compensation
The CBC terminates the labor relationship with an employee before the employee labor contract expires or
proposes to offer a compensation to encourage an employee to voluntarily accept the downsizing. When the CBC
cannot unilaterally withdraw the labor relationship cancellation plan or the downsizing proposal nor confirm the
relevant costs of the restructuring involving the payment of termination benefits whichever is earlier the
liabilities arising from the compensation for the termination of the labor relationship with the employees are
recognized and included in the current profit and loss.
(2) Accounting treatment for post-employment benefit
The CBC terminates the labor relationship with an employee before the employee labor contract expires or
proposes to offer a compensation to encourage an employee to voluntarily accept the downsizing. When the CBC
cannot unilaterally withdraw the labor relationship cancellation plan or the downsizing proposal nor confirm the
relevant costs of the restructuring involving the payment of termination benefits whichever is earlier the
liabilities arising from the compensation for the termination of the labor relationship with the employees are
recognized and included in the current profit and loss.
(3) Accounting for retirement benefits
When the CBC terminates the employment relationship with employees before the end of the employment
contracts or provides compensation as an offer to encourage employees to accept voluntary redundancy the CBC
shall recognize employee compensation liabilities arising from compensation for staff dismissal and included in
50profit or loss for the current period when the CBC cannot revoke unilaterally compensation for dismissal due to
the cancellation of labor relationship plans and employee redundant proposals; and the CBC recognize cost and
expenses related to payment of compensation for dismissal and restructuring whichever is earlier.
(4) Accounting for other long-term employee benefits
The employees of the CBC have participated in the basic social endowment insurance organized and implemented
by the local labor and social security department. The CBC pays the endowment insurance premium to the local
basic social endowment insurance agency on a monthly basis based on the base and ratio of the local basic social
endowment insurance payment. After the retirement of employees the local labor and social security department
has the responsibility to pay the social basic pension to the retired employees. During the accounting period in
which employees provide services the CBC recognizes the amount payable calculated according to the above
social security insurance regulations as the liabilities and includes them in the current profit and loss or related
asset costs.
35.Lease liability
Nil
36.Accrual liability
Nil
37. Share-based payment
(1)Types of share-based payment
Share-based payment comprises of equity-settled share-based payment and cash-settled share-based payment.
(2)Determination of fair value of equity instruments
1)determined based on the price quoted in an active market if there exists active market for the instrument.
2)determined by adoption of valuation technology if there exists no active market including by reference to the
recent arm’s length market transactions between knowledgeable willing parties reference to the current fair value
of another instrument that is substantially the same discounted cash flow analysis and option pricing models.
(3)Basis for determination of the best estimate of exercisable equity instruments
To be determined based on the subsequent information relating to latest change of exercisable employees.
(4)Accounting relating to implementation amendment and termination of share-based payment schemes
1)Equity-settled share-based payment
For equity instruments that may be exercised immediately after the grant the fair value of such instrument shall
on the date of the grant be recognized in relevant costs or expenses with the increase in the capital reserve
51accordingly. For equity-settled share-based payment made in return for the rendering of employee services that
cannot be exercised until the services are fully rendered during vesting period or specified performance targets are
met on each balance sheet date within the vesting period the services acquired in the current period shall based
on the best estimate of the number of exercisable instruments be recognized in relevant costs or expenses and the
capital reserves at the fair value of such instruments on the date of the grant.For equity-settled share-based payment made in exchange for service from other parties such payment shall be
measured at the fair value of the service as of the acquisition date is the fair value can be measured reliably. And if
the fair value of the service cannot be measured reliably while the fair value of the equity instrument can be
measured reliably it shall be measure at the fair value of the instrument as of the date on which the service is
acquired which shall be recorded in relevant cost or expense with increase in owners’ equity accordingly.
2)Cash-settled share-based payment
For the cash-settled share-based payment that may be exercised immediately after the grant in exchange for render
of service by employees the fair value of the liability incurred by the CBC shall on the date of the grant be
recognized in relevant costs or expenses and the liabilities shall be increased accordingly. For cash-settled share-
based payment made in return for the rendering of employee services that cannot be exercised until the services
are fully provided during vesting period or specified performance targets are met on each balance sheet date
within the vesting period the services acquired in the current period shall based on the best estimate of the
number of exercisable instruments be recognized in relevant costs or expenses and the corresponding liabilities at
the fair value of the liability incurred by the CBC.
3)Revision and termination of share-based payment schemes
If the revision results in an increase in the fair value of the equity instruments granted the CBC shall recognize
the increase in the services rendered accordingly at the increased fair value of the equity instruments. If the
revision results in an increase in the number of equity instruments granted the CBC will recognize the increase in
the services rendered accordingly at the fair value of the increased number of equity instruments. If the CBC
revises the vesting conditions on terms favorable to the employees the CBC will take into consideration of the
revised vesting conditions when dealing with the vesting conditions.If the revision results in a decrease in the fair value of the equity instruments granted the CBC shall continue
recognize the amount of services rendered accordingly at the fair value of the equity instruments on the date of
grant without considering the decrease in the fair value of the equity instruments. If the revision results in a
decrease in the number of equity instruments granted the CBC will account for such decrease by reducing part of
the cancellation of equity instruments granted. If the CBC revises the vesting conditions on terms not favorable to
the employees the CBC will not take into consideration of the revised vesting conditions when dealing with the
vesting conditions.If the CBC cancels the equity instruments granted or settles the equity instruments granted during the vesting
52period (other than cancellation as a result of failure to satisfy the vesting conditions) such cancellation or
settlement will be treated as accelerated exercisable rights and the original amount in the remaining vesting period
will be recognized immediately.
38. Other financial instruments including preferred stock Perpetual capital securities
Nil
39. RevenueThe Company shall comply with the disclosure requirement of jewelry-related industries in the “Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 3- Industry Disclosure”
(1) Recognition of revenue
On the starting date of the contract the company evaluates the contract identifies each individual performance
obligation contained in the contract and determines whether each individual performance obligation is performed
within a certain period of time or at a certain point in time.When meeting one of the following conditions it belongs to the performance obligation within a certain period of
time otherwise it belongs to the performance obligation at a certain point in time: 1) The customer obtains and
consumes the economic benefits brought by the company's performance at the same time as the company
performs the contract; 2) The customer can control the goods or services under construction during the company's
performance; 3) The goods or services produced during the company's performance have irreplaceable uses and
the company has the right to collect payments for the accumulated performance part of the contract during the
entire contract period .For performance obligations performed within a certain period of time the company recognizes revenue in
accordance with the performance progress during that period of time. When the performance progress cannot be
reasonably determined if the cost incurred is expected to be compensated the revenue shall be recognized
according to the amount of the cost incurred until the performance progress can be reasonably determined. For
performance obligations performed at a certain point in time revenue is recognized at the point when the
customer obtains control of the relevant goods or services. When judging whether the customer has obtained
control of the goods the company considers the following signs: 1) The company has the current right to receive
payment for the goods that is the customer has the current payment obligation for the goods; 2) The company has
transferred the legal ownership of the goods to the customer that is the customer has legal ownership of the
goods; 3) The company has transferred the product to the customer in kind that is the customer has physically
taken possession of the product; 4) The company has transferred the major risks and rewards of the ownership of
the goods to the customer that is the customer has obtained the main risks and rewards of the ownership of the
goods; 5) the customer has accepted the goods; 6) Other signs indicate that the customer has obtained control of
53the goods.
(2) Principles of revenue measurement
1) The company measures revenue based on the transaction price allocated to each individual performance
obligation. The transaction price is the amount of consideration that the company expects to be entitled to receive
due to the transfer of goods or services to the customer and does not include the amount collected on behalf of a
third party and the amount expected to be returned to the customer.
2) If there is variable consideration in the contract the company shall determine the best estimate of the variable
consideration based on the expected value or the amount most likely to incur but the transaction price including
the variable consideration shall not exceed the amount at which the accumulatively recognized income is most
likely not be subject to a significant reversal when the relevant uncertainty is eliminated.
3) If there is a major financing component in the contract the company shall determine the transaction price based
on the amount payable in cash when the customer assumes control of the goods or services. The difference
between the transaction price and the contract consideration shall be amortized by the effective interest method
during the contract period. On the starting date of the contract if the company expects that the interval between
the customer's acquisition of control of the goods or services and the customer's payment of the price will not
exceed one year we will not consider the significant financing components in the contract.
4) If the contract contains two or more performance obligations the company will allocate the transaction prices
to each individual performance obligation in accordance with the relative proportion of the stand-alone selling
price of the goods promised by each individual performance obligation on the commencement date of contract.
(3) Specific method of revenue recognition:
In accordance with the general principles of revenue recognition and the actual situation of the company's product
sales the company formulates a specific revenue recognition method that the products sold by the company to
customers are recognized as revenue after the products are delivered to the customer and the customer carries out
acceptance and inspection.
40. Government subsidy
(1) government subsidy including those relating to assets and relating to income
(2)government grant if granted as monetary assets are measured at the amount received or receivable and
54measured at fair value if granted as non-monetary assets. If the fair value can not be determined reliably they
shall be measured at nominal value.
(3) Aggregate method for government subsidy:
1)government subsidy relating to assets are recognized as deferred income which shall be recorded in profit or
loss by installment reasonably and systematically within the useful life of the assets. If assets are sold transferred
discarded as useless or damaged prior to expiration of the useful life the remaining deferred income undistributed
shall be transferred to profit or loss for the period in which the assets are disposed.
2)If government subsidy relating to income are used to compensate for relevant costs or loss for the subsequent
periods they shall be recognized as deferred income and recorded in profit or loss for the period in which the
relevant costs are recognized. If government subsidy relating to income are used to compensate for the relevant
costs or loss occurred they shall be recorded in profit or loss for the period directly.
(4)Net method for government subsidy
1) government subsidy relating to assets are used to write off the carrying value of the relevant assets;
2) If government subsidy relating to income are used to compensate for relevant costs or loss for the subsequent
periods they shall be recognized as deferred income and recorded in profit or loss for the period in which offset
against the relevant costs. If government subsidy relating to income are used to compensate for the relevant costs
or loss occurred they shall be offset against the relevant costs for the period directly.
(5)The CBC adopts aggregated accounting method for the government subsidy received.
(6)As for the government subsidy comprising both portions relating to assets and income separate accounting
shall be made for different portion; in case it is hard to differentiate the portions the subsidy will be recorded as
related to income in general.
(7)The CBC realizes government subsidy relating to its normal activities as other income based on the substance
of economic business and if not related to its normal activities realized as non-operating income and expenditure.
(8)Subsidized loans from preferential policy obtained by the CBC are classified based on whether subsidy funds
are paid to the loaning bank or directly to the CBC by the competent financial authorities and are treated based on
the following principles:
1)Where subsidy funds are paid to the loaning bank by the competent financial authorities and the bank then
55provides loans to the CBC at a preferential policy rate accounting shall be made by the CBC as follows:
a. Recognizes the actual borrowing amount received as the carrying value of the loan and calculates the relevant
borrowing costs based on the principal and the preferential policy rate.b.Recognizes the fair value of the loan as the carrying value and calculates the borrowing cost under effective
interest method and recognizes the difference between the actual amount received and the fair value of the loan as
deferred income. Deferred income is amortized over the term of the loan under effective interest method and
offset against the relevant borrowing costs.
2)If the subsidy funds are paid directly to the CBC by finance authority the CBC will offset the corresponding
subsidy against the relevant borrowing expenses.
41.Deferred income tax asset /Deferred income tax liabilities
(1) Deferred tax assets or deferred tax liabilities are calculated and recognized based on the difference between the
carrying amount and tax base of assets and liabilities (and the difference of the carrying amount and tax base of
items not recognized as assets and liabilities but with their tax base being able to be determined according to tax
laws) and in accordance with the tax rate applicable to the period during which the assets are expected to be
recovered or the liabilities are expected to be settled.
(2)A deferred tax asset is recognized to the extent of the amount of the taxable income which it is most likely to
obtain and which can be deducted from the deductible temporary difference. At the balance sheet date if there is
any exact evidence that it is probable that future taxable profits will be available against which deductible
temporary differences can be utilized the deferred tax assets unrecognized in prior periods are recognized.
(3)At the balance sheet date the carrying amount of deferred tax assets is reviewed. The carrying amount of a
deferred tax asset is reduced to the extent that it is no longer probable that sufficient taxable profits will be
available to allow the benefit of the deferred tax asset to be utilized. Such reduction is subsequently reversed to
the extent that it becomes probable that sufficient taxable income will be available.
(4)The income tax and deferred tax for the period are treated as income tax expenses or income through profit or
loss excluding those arising from the following circumstances: * business combination; and * the transactions
or items directly recognized in equity.
5642. Lease
(1)Accounting for operating lease
When the Company is the lessee lease payments are recognized as cost or profit or loss with straight-line method
over the lease term. Initial expenses are recognized directly into profit or loss. Contingent rents are charged as
profit or loss in the periods in which they are incurred.When the Company is the lessor lease income is recognized as profit or loss with straight-line method over the
lease term. Initial expenses other than those with material amount and eligible for capitalization which are
recognized as profit or loss by installments are recognized directly as profit or loss. Contingent rents are charged
into profit or loss in the periods in which they are incurred.
(2)Accounting for financing lease
When the company acts as lessee at the inception of lease the lower of fair value of leased assets at the inception
of lease and the present value of minimum lease payment is recognized as the value of leased assets. The
minimum lease payment is recognized as the value of long-term payable. Their difference is recorded as
unrecognized finance costs with any initial direct expense incurred recorded in the value of leased assets. For each
period of the lease term current finance cost is calculated using effective interest method.When the company acts as lessor at the inception of lease the sum of minimum lease income at the inception of
lease and the initial direct expense is recognized as the value of finance lease payment receivable with unsecured
balance also recorded. The difference between the sum of minimum lease income initial direct expense and
unsecured balance and the sum of their present values is recognized as unrealized finance income. For each period
of the lease term current finance income is calculated using effective interest method.
43. Other important accounting policy and estimation
Discontinued operation refers to the operation disposed or classified as held-for-sale by the Company and
presented separately under operation segments and financial statements which has fulfilled one of the following
criteria:
(1) it represents an independent key operation or key operating region;
(2) it is part of the proposed disposal plan on an independent key operation or proposed disposal in key operating
region; or
(3) it only establishes for acquisition of subsidiary through disposal.
The enterprise shall separately list profit and loss from continuing operations and profit and loss from
discontinuing operations in the profit statement. For non-current assets held for sale or disposal groups that do not
57meet the definition of discontinuing operations the impairment losses and reversal amounts and disposal gains
and losses should be presented as profit or loss from continuing operations. Operational gains and losses and
disposal profits and losses such as impairment losses and reversal amounts of discontinuing operations should be
reported as profits or losses of discontinuing operations.
44. Changes of important accounting policy and estimation
(1) Changes of important accounting policy
□Applicable □Not applicable
(2) Changes of important accounting estimation
□Applicable □Not applicable
(3)Adjustments to financial statement’s items at the beginning of the year when implemented the new accounting standards
at first time since 2023
□Applicable □Not applicable
45. Other
There were no major error correction on prior period in the reporting period.VI. Taxes
1. Main tax and tax rate
Type of tax Tax calculation evidence Tax rate
Sales of goods taxable labor service
revenue taxable income intangible
Value added tax 5% 6% 13%
assets income and income from property
leasing
Consumption tax Not applicable Not applicable
City maintenance & construction tax Turnover tax paid 7%
Enterprise income tax Taxable income 25% 20% 15%
Local education fee surcharge Turnover tax paid 2%
Disclose reasons for different taxpaying body
Taxpaying body Income tax rate
Shenzhen China Bicycle Company (Holdings) Limited 25.00%
Shenzhen Emmelle Industrial Co. Ltd. 20.00%
Shenzhen Xinsen Jewelry Gold Supply Chain Co. Ltd 25.00%
Shenzhen Emmelle Cloud Technology Co. Ltd. 20.00%
582. Tax preference
In accordance with the Enterprise Income Tax Law of the People's Republic of China and its enforcement
regulations the Announcement of the Ministry of Finance and the State Taxation Administration on the
Implementation of Preferential Income Tax Policies for Small and Micro Enterprises and Individual Industrial
and Commercial Households" (No. 12 of 2021) and the Announcement of the Ministry of Finance and the State
Taxation Administration on Further Implementing Preferential Income Tax Policies for Small and Micro
Enterprises (No. 13 of 2022) from January 1 2021 to December 31 2022 the part of the annual taxable income
of small and low-profit enterprises not exceeding 1 million yuan shall be included in the taxable income at a
reduced tax rate of 12.5% and the enterprise income tax shall be levied at the tax rate of 20%; from January 1
2022 to December 31 2024 the part of the annual taxable income of small and low-profit enterprises exceeding
1 million yuan but not exceeding 3 million yuan shall be included in the taxable income at a reduced tax rate of
25% and the enterprise income tax shall be levied at the tax rate of 20%. During the reporting period
subsidiary of the CBC-Shenzhen Emmelle Industrial Co. Lt Shenzhen Emmelle Cloud Technology Co. Ltd.were small and micro-profit enterprises and were subject to the preferential tax rate of 20%.
3. Other
Nil
VII. Notes to Items of Consolidated Financial Statements
1. Monetary fund
Unit: RMB/CNY
Item Ending balance Opening balance
Cash on hand 37275.25 33531.25
Bank deposit 15521220.44 50889338.10
Other monetary fund 4179071.81 3776621.83
Total 19737567.50 54699491.18
Total amount that have
restriction on use due to mortgage 4179071.81 3776621.83
pledge or frozen
Other explanation:
(2) Bank deposits amounting to 4179071.81 yuan were judicially frozen due to lawsuits at end of the Period.
(3)At the end of the Period there were no funds held overseas or at potential risk of recovery.
2. Trading financial assets
Unit: RMB/CNY
Item Ending balance Opening balance
Including:
59Including:
Other explanation:
Nil
3. Derivative financial assets
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
Nil
4. Note receivable
(1) Category of note receivable
Unit: RMB/CNY
Item Ending balance Opening balance
Bank acceptance notes 839035.38 1102000.00
Total 839035.38 1102000.00
Unit: RMB/CNY
Ending balance Opening balance
Categor Book balance Bad debt provision Book balance Bad debt provision
Book Book
y
Accrual Accrual
Amount Ratio Amount value Amount Ratio Amount value
ratio ratio
Includ
ing:
Includ
ing:
If the provision for bad debts of notes receivable is made in accordance with the general model of expected credit losses please
refer to the disclosure of other account receivable to disclose related information about bad-debt provisions:
□Applicable □Not applicable
(2) Bad debt provision accrual collected or reversal in the period
Accrual of bad debt provision in the period:
Unit: RMB/CNY
Current changes
Opening
Category Collected or Ending balance balance Accrual Write off Other
reversal
Including important amount of bad debt provision collected or reversal in the period:
□Applicable □Not applicable
(3) Note receivable pledged at period-end
Unit: RMB/CNY
60Item Amount pledged at period-end
(4) Note receivable which have endorsed and discount at period-end and has not expired on balance
sheet
Unit: RMB/CNY
Amount derecognized at end of the Amount not derecognized at end of the
Item
Period Period
(5) Notes transfer to account receivable due for failure implementation by drawer at period-end
Unit: RMB/CNY
Item Amount transfer to account receivable at period-end
Other explanation:
Nil
(6) Note receivable actually written-off in the period
Unit: RMB/CNY
Item Amount written off
Including important note receivable written-off:
Unit: RMB/CNY
Amount cause by
Amount written related
Enterprise Nature Causes Procedure
off transactions or not
(Y/N)
Explanation on note receivable written-off:
Nil
5. Account receivable
(1) Category of account receivable
Unit: RMB/CNY
Ending balance Opening balance
Categor Book balance Bad debt provision Book balance Bad debt provision
y Book Book
Accrual Accrual
Amount Ratio Amount value Amount Ratio Amount value
ratio ratio
Account
receivab
le with
261643214851467917261979215160468190
bad debt 15.29% 82.12% 9.62% 82.13%
53.3573.699.6673.3569.693.66
provisio
n accrual
by single
61basis
Includ
ing:
Account
s with
single
significa
nt
amount
and with 218628 174902 437256 218628 174902 437256
12.78%80.00%8.03%80.00%
bad 32.43 65.94 6.49 32.43 65.94 6.49
debts
provisio
n
accrued
individu
ally
Account
s with
single
minor
amount
but with
430152399490306613.433514402580309337.
bad 2.51% 92.87% 1.59% 92.86%
0.927.75170.923.7517
debts
provisio
n
accrued
individu
ally
Account
receivab
le with
bad debt 144965 434896. 144530 246125 738377. 245387
84.71%0.30%90.38%0.30%
provisio 467.89 41 571.48 775.60 33 398.27
n accrual
by
portfolio
Includ
ing:
Account
receivab
le
withdra
wal bad
debt
provisio
n by 144965 434896. 144530 246125 738377. 245387
84.71%0.30%90.38%0.30%
group of 467.89 41 571.48 775.60 33 398.27
credit
risk
characte
ristics
(Aging
analysis
method)
62171129219200149209272323222544250069
Total
821.2470.10751.14748.9547.02301.93
Bad debt provision accrual on single basis: The account receivable of CBC with a single significant amount refers to a single
amount of 5 million yuan or more
Unit: RMB/CNY
Ending balance
Name of the Company
Book balance Bad debt provision Accrual ratio Reason for accrual
Guangshui Jiaxu
It is expected that
Energy Technology 21862832.43 17490265.94 80.00%
partially uncollectible
Co. Ltd.Total 21862832.43 17490265.94
Bad debt provision accrual on single basis: Accounts with single minor amount but with bad debts provision accrued individually
Unit: RMB/CNY
Ending balance
Name of the Company
Book balance Bad debt provision Accrual ratio Reason for accrual
Suzhou Daming
Expected to be difficult
Vehicle Industry Co. 930394.42 744315.54 80.00%
in collection
Ltd.Suzhou Jiaxin
Expected to be difficult
Economic Trade Co. 888757.00 888757.00 100.00%
in collection
Ltd.Dongguan Daxiang Expected to be difficult
656734.00656734.00100.00%
New Energy Co. Ltd. in collection
Shijiazhuang Dasong Expected to be difficult
497064.00497064.00100.00%
Tech. Co. Ltd in collection
Guangdong Xinlingjia Expected to be difficult
348136.00348136.00100.00%
New Energy Co. Ltd. in collection
Shanghai Swen
Expected to be difficult
Electric Vehicle Co. 280197.50 280197.50 100.00%
in collection
Ltd.Hubei Topsdun
Expected to be difficult
Eletronic Tech. Co. 241068.58 120534.29 50.00%
in collection
Ltd.Tianjin Huiju Electric Expected to be difficult
116840.14116840.14100.00%
Vehicle Co. Ltd. in collection
Fuzhou Dayang Expected to be difficult
147804.28147804.28100.00%
Commercial Co. Ltd. in collection
Expected to be difficult
Other 194525.00 194525.00 100.00%
in collection
Total 4301520.92 3994907.75
Bad debt provision accrual on portfolio:Accounts receivable with provision for bad debts by aging analysis method
Unit: RMB/CNY
Ending balance
Name of the Company
Book balance Bad debt provision Accrual ratio
Within one year(one year
144156624.16432469.880.30%
included)
1-2 years (2 years included) 1724.11 5.17 0.30%
2-3 years (3 years included) 807119.62 2421.36 0.30%
Total 144965467.89 434896.41
63Explanation on portfolio basis:
Nil
If the provision for bad debts of account receivable is made in accordance with the general model of expected credit losses please
refer to the disclosure of other account receivable to disclose related information about bad-debt provisions:
□Applicable □Not applicable
Disclosure by ageing
Unit: RMB/CNY
Account age Ending balance
Within one year(one year included) 155671359.71
1-2 years 11005264.71
2-3 years 2070170.90
Over 3 years 2383025.92
3-4 years 996132.00
4-5 years 628842.42
Over 5 years 758051.50
Total 171129821.24
(2) Bad debt provision accrual collected or reversal in the period
Accrual of bad debt provision in the period:
Unit: RMB/CNY
Current changes
Opening
Category Collected or Ending balance
balance Accrual Write off Other
reversal
Accrual of bad
debt provision
for account 324421.80 658798.72
receivable in
the Period
Total 324421.80 658798.72
Including important amount of bad debt provision collected or reversal in the period:
Unit: RMB/CNY
Enterprise Amount collected or reversal Collection way
Nil
(3) Account receivables actually write-off during the reporting period
Unit: RMB/CNY
Item Amount written off
Including important account receivables write-off:
Unit: RMB/CNY
64Amount cause by
Amount written related
Enterprise Nature Causes Procedure
off transactions or not
(Y/N)
Explanation on account receivable write-off:
Nil
(4) Top five account receivables collected by arrears party at ending balance
Unit: RMB/CNY
Proportion of total closing
Ending balance of accounts Ending balance of bad bet
Enterprise balance of accounts
receivable provision
receivable
Fuzhou Cangshan Dingjue
34119519.8119.94%102358.56
Jewelry Firm
Fuzhou Rongrun Jewelry Co.
28325616.7716.55%84976.85
Ltd.Shenzhen Yunshang Jewelry
28107722.0516.42%84323.17
Co. Ltd.Fuzhou Zuankinson Jewelry
23737828.8613.87%71213.49
Co. Ltd.Guangshui Jiaxu Energy
21862832.4312.78%17490265.94
Technology Co. Ltd.Total 136153519.92 79.56%
(5) Account receivable derecognized due to transfer of financial assets
Nil
(6) Assets and liability resulted by account receivable transfer and continuous involvement
Nil
Other explanation:
Nil
6. Receivable financing
Unit: RMB/CNY
Item Ending balance Opening balance
Change of receivables financing and fair value in the period
□Applicable □Not applicable
If the provision for bad debts of receivable financing is made in accordance with the general model of expected credit losses
please refer to the disclosure of other account receivable to disclose related information about bad-debt provisions:
□Applicable □Not applicable
Other explanation:
Nil
657. Accounts paid in advance
(1) Accounts paid in advance by ageing
Unit: RMB/CNY
Ending balance Opening balance
Account age
Amount Ratio Amount Ratio
Within one year 2740178.99 99.93% 4285047.15 99.96%
1-2 years 1888.00 0.07% 1888.00 0.04%
Total 2742066.99 4286935.15
Explanation on un-settlement in time for advance payment with over one year account age and major amounts:
Nil
(2) Top 5 advance payment at ending balance by prepayment object
Ratio in
total
Enterprise Relationship Amount Account age Nature
advance e
payment(%)
82.31
Payment
Within one
Non-related for goods
2256987.95 year(one year
party paid in
included)
Shenzhen Tielbo Co. Ltd. advance
13.35
Payment
Within one
Non-related for goods
366000.00 year(one year
Shenzhen ESTAR Industry party paid in
included)
Co. Ltd. advance
3.04
Payment
Within one
Changzhou Ruiqi Precision Non-related
83400.00 for goods
year(one year
Measurement Tech. Co. party paid in
included)
Ltd. advance
0.60
Payment
Within one
Non-related for goods
16457.23 year(one year
Shenzhen Cuilu Gold party paid in
included)
Business advance
0.27
Payment
Within one
Non-related for goods
7521.06 year(one year
Shenzhen Huamao Gold party paid in
included)
Co. Ltd. advance
99.57
Total 2730366.24
66Other explanation:
Nil
8. Other account receivable
Unit: RMB/CNY
Item Ending balance Opening balance
Other account receivable 2461431.37 438477.82
Total 2461431.37 438477.82
(1) Interest receivable
1) Category of interest receivable
Unit: RMB/CNY
Item Ending balance Opening balance
2) Important overdue interest
Unit: RMB/CNY
Impairment (Y/N) and
Borrower Ending balance Overdue time Overdue reason
judgment basis
Other explanation:
Nil
3) Accrual of bad debt provision
□Applicable □Not applicable
(2) Dividend receivable
1) Category of dividend receivable
Unit: RMB/CNY
Item (or the invested entity) Ending balance Opening balance
2) Important dividend receivable with over one year aged
Unit: RMB/CNY
Item (or the invested Causes of failure for Impairment (Y/N) and
Ending balance Account age
entity) collection judgment basis
3) Accrual of bad debt provision
□Applicable □Not applicable
67Other explanation:
Nil
(3) Other account receivable
1) Other account receivable by nature of payment
Unit: RMB/CNY
Nature Ending book balance Opening book balance
Other 2138921.49 62744.32
Deposit or margin 433011.50 504107.88
Payment for equipment 311400.00 311400.00
Employee loans 57404.89 33445.00
Total 2940737.88 911697.20
2) Accrual of bad debt provision
Unit: RMB/CNY
Phase I Phase II Phase III
Expected credit losses Expected credit losses
Bad debt provision Expected credit losses for the entire duration for the entire duration Total
over next 12 months (without credit (with credit impairment
impairment occurred) occurred)
Balance on January 1
473219.38473219.38
2023
January 1 2023
balance in the current
period
Accrual in the Period 6224.93 6224.93
Reversal in the Period 137.80 137.80
Balance on June 30
479306.51479306.51
2023
Change of book balance of loss provision with amount has major changes in the period
□Applicable □Not applicable
Disclosure by ageing
Unit: RMB/CNY
Account age Ending balance
Within one year(one year included) 2297958.00
1-2 years 155048.88
2-3 years 15831.00
Over 3 years 471900.00
3-4 years 60000.00
4-5 years 50000.00
Over 5 years 361900.00
Total 2940737.88
683) Bad debt provision accrual collected or reversal in the period
Accrual of bad debt provision in the period:
Unit: RMB/CNY
Current changes
Opening
Category Collected or Ending balance
balance Accrual Write off Other
reversal
Other account
receivable Bad
473219.386224.93137.80479306.51
debt provision-
Phase I
Total 473219.38 6224.93 137.80 479306.51
Important amount of bad debt provision switch-back or collection in the period:
Unit: RMB/CNY
Enterprise Amount switch-back or collection Collection way
Nil
4) Other account receivables actually write-off during the reporting period
Unit: RMB/CNY
Item Amount written off
Including important other account receivables write-off:
Unit: RMB/CNY
Amount cause by
Nature of other Amount written related
Enterprise Causes Procedure
account receivable off transactions or not
(Y/N)
Other explanation on account receivable write-off:
Nil
5) Top 5 other account receivable collected by arrears party at ending balance
Unit: RMB/CNY
Proportion in total
other account Ending balance of
Enterprise Nature Ending balance Account age
receivables at bad bet provision
period-end
Fuzhou Cangshan
Dingjue Jewelry Other 1741171.96 Within one year 59.21% 5223.52
Firm
Shenzhen Luwei Payment for 300000.00 Over 5 years 10.20% 300000.00
69Mechatronic equipment
Equipment Co.Ltd
Shenzhen Luohu
Government
Property Margin or deposit 161349.10 Within one year 5.49% 484.05
Management
Office
Shenzhen
Hualinglong
Other 157258.83 Within one year 5.35% 471.78
Jewelry Culture
Tech. Co. Ltd.Alipay (China)
Network
Technology Co. Margin or deposit 110000.00 3-4 years 3.74% 110000.00
Ltd. customer
reserve fund
Total 2469779.89 83.99% 416179.35
6) Account receivable with government subsidy involved
Unit: RMB/CNY
Time amount and
Enterprise Government subsidy Ending balance Ending account age basis of amount
collection estimated
Nil
7) Other account receivable derecognized due to financial assets transfer
Nil
8) Assets and liability resulted by other account receivable transfer and continuous involvement
Nil
Other explanation:
Nil
9. Inventory
Whether companies need to comply with the disclosure requirements of the real estate industry
No
(1) Category of inventory
Unit: RMB/CNY
Ending balance Opening balance
Item Provision for Provision for
Book balance Book value Book balance Book value
inventory inventory
70depreciation or depreciation or
impairment of impairment of
contractual contractual
performance performance
costs costs
142009608.142009608.22911015.622911015.6
Raw materials
131399
40874466.840462446.025045073.724633052.9
Finished goods 412020.87 412020.87
9270
Consigned
processing 7902854.80 7902854.80 662798.22 662798.22
materials
190786929.190374908.48618887.648206866.8
Total 412020.87 412020.87
829581The Company shall comply with the disclosure requirement of jewelry-related industries in the “Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 3- Industry Disclosure”
(2) Provision for inventory depreciation and impairment of contractual performance costs
Unit: RMB/CNY
Current increased Current decreased
Opening
Item Switch back or Ending balance balance Accrual Other Other
charge-off
Finished goods 412020.87 412020.87
Total 412020.87 412020.87
(3) Explanation on capitalization of borrowing costs at ending balance of inventory
Nil
(4) Explanation on the current amortization amount of contract performance costs
Nil
10. Contractual assets
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Amount of significant changes in the carrying amount of contractual assets during the period and causes:
Unit: RMB/CNY
Item Amount changes Reason for change
If the provision for bad debts of contractual asset is made in accordance with the general model of expected credit losses please
71refer to the disclosure of other account receivable to disclose related information about bad-debt provisions:
□Applicable □Not applicable
Provision for impairment of contractual assets during the Period
Unit: RMB/CNY
Write-off/cancellations
Item Accrual in the Period Reversal in the Period Causes
in the Period
Other explanation:
Nil
11. Assets held for sale
Unit: RMB/CNY
Expected
Ending book Impairment Ending book Expected
Item Fair value disposal
balance provision value disposal time
expenses
Other explanation:
Nil
12. Non-current asset due within one year
Unit: RMB/CNY
Item Ending balance Opening balance
Important debt investment/other debt investment
Unit: RMB/CNY
Ending balance Opening balance
Debt Coupon Coupon
Face value Actual rate Due date Face value Actual rate Due date
rate rate
Other explanation:
Nil
13. Other current assets
Unit: RMB/CNY
Item Ending balance Opening balance
Tax allowances and input tax to be
34580392.7435453106.62
certified
Total 34580392.74 35453106.62
Other explanation:
Nil
7214. Debt investment
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Important debt investment
Unit: RMB/CNY
Ending balance Opening balance
Debt Coupon Coupon
Face value Actual rate Due date Face value Actual rate Due date
rate rate
Accrual of impairment provision
Unit: RMB/CNY
Phase I Phase II Phase II
Expected credit losses Expected credit losses
Bad debt provision Expected credit losses for the entire duration for the entire duration Total
over next 12 months (without credit (with credit impairment
impairment occurred) occurred)
January 1 2023
balance in the current
period
Change of book balance of loss provision with amount has major changes in the period
□Applicable □Not applicable
Other explanation:
Nil
15. Other debt investment
Unit: RMB/CNY
Cumulative
loss
Change of impairment
Cumulative
Opening Accrued fair value Ending recognized
Item Cost changes of Note
balance interest in the balance in other
fair value
period comprehen
sive
income
Important other debt investment
Unit: RMB/CNY
Ending balance Opening balance
Other debt
Coupon Coupon
investment Face value Actual rate Due date Face value Actual rate Due date
rate rate
Accrual of impairment provision
Unit: RMB/CNY
73Phase I Phase II Phase II
Expected credit losses Expected credit losses
Bad debt provision Expected credit losses for the entire duration for the entire duration Total
over next 12 months (without credit (with credit impairment
impairment occurred) occurred)
January 1 2023
balance in the current
period
Change of book balance of loss provision with amount has major changes in the period
□Applicable □Not applicable
Other explanation:
Nil
16. Long-term account receivable
(1) Long-term account receivable
Unit: RMB/CNY
Ending balance Opening balance
Discount rate
Item Bad debt Bad debt
Book balance Book value Book balance Book value interval
provision provision
Impairment of bad debt provision
Unit: RMB/CNY
Phase I Phase II Phase II
Expected credit losses Expected credit losses
Bad debt provision Expected credit losses for the entire duration for the entire duration Total
over next 12 months (without credit (with credit impairment
impairment occurred) occurred)
January 1 2023
balance in the current
period
Change of book balance of loss provision with amount has major changes in the period
□Applicable □Not applicable
Nil
(2) Long-term account receivable derecognized due to financial assets transfer
Nil
(3) Assets and liabilities resulted by long-term account receivable transfer and continues involvement
Nil
Other explanation:
74Nil
17. Long-term equity investment
Unit: RMB/CNY
Changes in the period (+ -)
Ending
Investm Cash
Openin Other Accrual balance
ent dividen Ending
The g Additio compre of of
Capital gains Other d or balance
investe balance nal hensive impair impair
reducti recogni equity profit Other (Book
d entity (Book investm income ment ment
on zed change announ value)
value) ent adjustm provisi provisi
under ced to
ent on on
equity issued
I. Joint venture
Subtota
0.000.000.000.000.000.000.000.000.000.000.00
l
II. Associated enterprise
Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other explanation:
Nil
18. Investment in other equity instrument
Unit: RMB/CNY
Item Ending balance Opening balance
Itemized the non-tradable equity instrument investment in the period
Unit: RMB/CNY
Causes of those
that designated
Retained Cause of measured by
earnings retained fair value and
Dividend earnings
Cumulative Cumulative transfer from with its
Item income transfer from
gains losses other variation
recognized other
comprehensive reckoned into comprehensive
other
income income
comprehensive
income
Other explanation:
Nil
19. Other non-current financial assets
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
Nil
7520. Investment real estate
(1) Investment real estate measured at cost
□Applicable □Not applicable
(2) Investment real estate measured at fair value
□Applicable □Not applicable
(3) Investment real estate without property rights certificate
Unit: RMB/CNY
Reasons for failing to complete the
Item Book value
property rights certificate
Other explanation:
Nil
21. Fix assets
Unit: RMB/CNY
Item Ending balance Opening balance
Fix assets 2255797.28 2304402.38
Total 2255797.28 2304402.38
(1) Fix assets
Unit: RMB/CNY
Electronic
Houses and Machinery
Item Carrier equipment and Total
buildings equipment
others
I. Original book
value:
1.Opening
2959824.001209295.35958593.21299852.095427564.65
balance
2.Current
64949.0764949.07
increased
(1)
64949.0764949.07
Purchase
(2)
Construction in
progress transfer-
in
(3) The
increase in
business
combination
763.Current
121010.22121010.22
decreased
(1)
121010.22121010.22
Disposal or scrap
4.Ending
2959824.001209295.35958593.21243790.945371503.50
balance
II. Accumulated
depreciation
1.Opening
865748.52429520.61862386.24235901.152393556.52
balance
2.Current
66596.046814.3827844.81101255.23
increased
(1)
66596.046814.3827844.81101255.23
Accrual
3.Current
108711.28108711.28
decreased
(1)
108711.28108711.28
Disposal or scrap
4.Ending
932344.56436334.99862386.24155034.682386100.47
balance
III. Impairment
provision
1.Opening
729605.75729605.75
balance
2.Current
increased
(1)
Accrual
3.Current
decreased
(1)
Disposal or scrap
4.Ending
729605.75729605.75
balance
IV. Book value
1.Ending
2027479.4443354.6196206.9788756.262255797.28
book value
2.Opening
2094075.4850168.9996206.9763950.942304402.38
book value
(2) Fixed assets temporary idle
Unit: RMB/CNY
Item Original book Accumulated Impairment Book value Note
77value depreciation provision
Machinery
1044247.81314642.06729605.750.00
equipment
(3) Fixed assets leasing-out by operational lease
Unit: RMB/CNY
Item Ending book value
(4) Fixed assets without property rights certificate
Unit: RMB/CNY
Reasons for failing to complete the
Item Book value
property rights certificate
The six properties of Lianxin Garden 7-
20F with original value of 2959824.00
Yuan. The property purchasing refers to
the indemnificatory housing for
enterprise talent buying from Shenzhen
Housing and Construction Bureau of
Six properties in Lianxin Garden 2094075.48 Luohu District. According to the
agreement the enterprise shall not
carrying any kind of property trading
with any units or individuals except the
government and the company has no
property certification on the above
mentioned properties.Other explanation:
Nil
(5) Disposal of fix assets
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
Nil
22. Construction in progress
Unit: RMB/CNY
Item Ending balance Opening balance
(1) Construction in progress
Unit: RMB/CNY
Ending balance Opening balance
Item
Book balance Impairment Book value Book balance Impairment Book value
78provision provision
(2) Changes in significant construction in progress
Unit: RMB/CNY
includi
Accum
Fixed Propor ng: Interes
Other ulated
Openi Curren assets tion of interes t amoun
decrea Ending project t capital
ng t transfe Progre t of Source of
Item Budget sed in balanc invest capital ization
balanc increas r-in in ss interes funds
the e ment ized rate of
e ed the t in amoun the
Period capital
Period budget t of the year
ization
year
(3) Provision for impairment of construction in progress in the current period
Unit: RMB/CNY
Item Accrual in the period Reasons for accrual
Other explanation:
Nil
(4) Engineering materials
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Other explanation:
Nil
23. Productive biological asset
(1) Productive biological assets measured by cost
□Applicable □Not applicable
(2) Productive biological assets measured by fair value
□Applicable □Not applicable
24. Oil and gas asset
□Applicable □Not applicable
25. Right-of-use assets
Unit: RMB/CNY
79Item Houses and buildings Total
I. Original book value
1.Opening balance 2955726.43 2955726.43
2.Current increased
3.Current decreased
4.Ending balance 2955726.43 2955726.43
II. Accumulated depreciation
1.Opening balance 2781789.72 2781789.72
2.Current increased 173936.71 173936.71
(1) Accrual 173936.71 173936.71
3.Current decreased
(1) Disposal
4.Ending balance 2955726.43 2955726.43
III. Impairment provision
1.Opening balance
2.Current increased
(1) Accrual
3.Current decreased
(1) Disposal
4.Ending balance
IV. Book value
1.Ending book value
2.Opening book value 173936.71 173936.71
Other explanation:
Nil
26. Intangible assets
(1) Intangible assets
Unit: RMB/CNY
Non-patent
Item Land use right Patent Total
technology
I. Original book
value
1.Opening
balance
2.Current
increased
80(1)
Purchase
(2)Intern
al R & D
(3) The
increase in
business
combination
3.Current
decreased
(1)
Disposal
4.Ending
balance
II. Accumulated
amortization
1.Opening
balance
2.Current
increased
(1)
Accrual
3.Current
decreased
(1)
Disposal
4.Ending
balance
III. Impairment
provision
1.Opening
balance
2.Current
increased
(1)
Accrual
3.Current
decreased
(1)
Disposal
4.Ending
balance
IV. Book value
1.Ending
81book value
2.Opening
book value
Ratio of intangible assets resulted from internal R&D in balance of intangible assets at period-end
(2) Land use right without certificate of title completed
Unit: RMB/CNY
Reasons for failing to complete the
Item Book value
property rights certificate
Other explanation:
Nil
27. Expense on Research and Development
Unit: RMB/CNY
Current increased Current decreased
Opening Recognized Transfer to Internal Ending Item
balance as current expense on Other balance
intangible profit and
R&D
assets loss
Total
Other explanation:
Nil
28. Goodwill
(1) Goodwill Original book value
Unit: RMB/CNY
Current increased Current decreased
The invested Opening Resulted by
Ending balance
entity or items balance enterprise Disposal
combination
Total
(2) Impairment provision for goodwill
Unit: RMB/CNY
The invested Opening Current increased Current decreased
Ending balance
entity or items balance Accrual Disposal
Total
Information about the asset group or asset group combination in which the goodwill is located
82Nil
Explain the method of confirming the goodwill impairment test process key parameters (such as the forecast period growth rate
stable period growth rate profit rate discount rate forecast period etc. when estimating the present value of future cash flow) and
the impairment loss of goodwill:
Nil
Impact of impairment test for goodwill
Nil
Other explanation:
Nil
29. Long-term expenses to be apportioned
Unit: RMB/CNY
Amortized in the
Item Opening balance Current increased Other decrease Ending balance
Period
Other explanation:
Nil
30. Deferred income tax asset /Deferred income tax liabilities
(1) Deferred income tax assets without offset
Unit: RMB/CNY
Ending balance Opening balance
Item Deductible temporary Deferred income tax Deductible temporary Deferred income tax
difference asset difference asset
Bad debt provision 580183.99 145046.00 249675.40 62418.85
Provision for decline in
226201.9056550.48226201.9056550.48
value of inventories
Total 806385.89 201596.48 475877.30 118969.33
(2) Deferred income tax liabilities without offset
Unit: RMB/CNY
Ending balance Opening balance
Item Taxable temporary Deferred income tax Taxable temporary Deferred income tax
differences liabilities differences liabilities
(3) Deferred income tax assets and deferred income tax liabilities listed after off-set
Unit: RMB/CNY
83Ending balance of Trade-off between the Opening balance of
Trade-off between the
deferred income tax deferred income tax deferred income tax
Item deferred income tax
assets or liabilities after assets and liabilities at assets or liabilities after
assets and liabilities off-set period-begin off-set
Deferred income tax
201596.48118969.33
asset
(4) Details of deferred income tax assets without recognized
Unit: RMB/CNY
Item Ending balance Opening balance
(5) Deductible losses of un-recognized deferred income tax assets expired on the followed year
Unit: RMB/CNY
Year Ending amount Opening amount Note
Other explanation:
Nil
31. Other non-current asset
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Advance
payment for 400000.00 400000.00 400000.00 400000.00
house
Total 400000.00 400000.00 400000.00 400000.00
Other explanation:
As of June 30 2023 the Housing and Construction Bureau of Luohu District Shenzhen City has not delivered houses for enterprise
talents in Luohu District.
32. Short-term loans
(1) Category of short-term loans
Unit: RMB/CNY
Item Ending balance Opening balance
Explanation on short-term loans category:
Nil
(2) Overdue outstanding short-term loans
Total 0.00 Yuan overdue outstanding short-term loans at period-end including the followed significant amount:
Unit: RMB/CNY
84Borrower Ending balance Lending rate Overdue time Overdue rate
Other explanation:
Nil
33. Trading financial liability
Unit: RMB/CNY
Item Ending balance Opening balance
Including:
Including:
Other explanation:
Nil
34. Derivative financial liability
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
Nil
35. Note payable
Unit: RMB/CNY
Category Ending balance Opening balance
Notes expired at period-end without paid was 0.00 Yuan.
36. Account payable
(1) Account payable
Unit: RMB/CNY
Item Ending balance Opening balance
Within one year(one year included) 22233996.11 1914595.55
1-2 years (2 years included) 245706.95 12683.17
2-3 years (3 years included) 48424.51 48424.51
3-4 years(4 years included) 410259.07 410259.07
4-5 years(5 years included) 487016.93 487016.93
Over 5 years 4444.00 4444.00
Total 23429847.57 2877423.23
(2) Important account payable with account age over one year
Unit: RMB/CNY
85Reasons for non-reimbursement or carry-
Item Ending balance
forward
Other explanation:
Nil
37. Accounts received in advance
(1) Accounts received in advance
Unit: RMB/CNY
Item Ending balance Opening balance
(2) Account received in advance with over one year book age
Unit: RMB/CNY
Reasons for non-reimbursement or carry-
Item Ending balance
forward
Other explanation:
Nil
38. Contract liability
Unit: RMB/CNY
Item Ending balance Opening balance
Receipt of goods in advance 437102.15 791762.84
Total 437102.15 791762.84
Book value has major changes in the period and causes
Unit: RMB/CNY
Amount
Item Reason for change
changes
39. Wage payable
(1) Wage payable
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
I. Short-term
769992.423440576.223326138.71884429.93
compensation
II. Post-employment
benefit-Defined 328351.80 328351.80
contribution plan
Total 769992.42 3768928.02 3654490.51 884429.93
86(2) Short-term compensation
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
1. Wages bonus
763809.953111788.072996101.43879496.59
allowances and subsidy
3. Social insurance 132399.92 132399.92
Including:Medical
116511.93116511.93
insurance
Work
5296.005296.00
injury insurance
Maternity
10591.9910591.99
insurance
4. Housing
164360.44164360.44
accumulation fund
5. Labor union
expenditure and
6182.4732027.7933276.924933.34
personnel education
expense
Total 769992.42 3440576.22 3326138.71 884429.93
(3) Defined contribution plan
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
1. Basic endowment
296575.82296575.82
insurance
2. Unemployment
31775.9831775.98
insurance
Total 328351.80 328351.80
Other explanation:
Nil
40. Taxes payable
Unit: RMB/CNY
Item Ending balance Opening balance
Value added tax 14030985.32 33374610.42
Consumption tax 0.00 0.00
Enterprise income tax 971408.43 1113788.23
Individual income tax 21003.96 29149.60
City maintenance & construction tax 2008282.46 2056530.87
Stamp tax 15190.36 101516.08
Educational surcharge 1434449.94 1468913.16
Total 18481320.47 38144508.36
Other explanation:
87Nil
41. Other account payable
Unit: RMB/CNY
Item Ending balance Opening balance
Other account payable 47850414.91 48621087.98
Total 47850414.91 48621087.98
(1) Interest payable
Unit: RMB/CNY
Item Ending balance Opening balance
Important interest overdue without paid:
Unit: RMB/CNY
Borrower Amount overdue Overdue reason
Other explanation:
Nil
(2) Dividend payable
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:including dividends payable with over one year age and disclosure un-payment reasons
Nil
(3) Other account payable
1) Nature of other account payable
Unit: RMB/CNY
Item Ending balance Opening balance
Custodian and common benefit debts 27321128.01 28624749.18
Warranty and guarantee money 1581940.00 1781940.00
Intercourse funds 16500000.00 16500000.00
Other payable service charge
235200.00801237.73
(intermediary services included)
Collection and payment 648626.35 669657.66
Other 1563520.55 243503.41
Total 47850414.91 48621087.98
2) Important other payable with over one year age
Unit: RMB/CNY
88Reasons for non-reimbursement or carry-
Item Ending balance
forward
Custodian and common benefit debts 27321128.01
Shenzhen Jianzhi Industrial
10000000.00 Pre-collection of cooperation deposit
Development Co. Ltd.Total 37321128.01
Other explanation:
1. “Intercourse funds ” at period-end includes 10000000.00 yuan which is the cooperation deposit received in advance from
Shenzhen Jianzhi Industrial Development Co. Ltd that may need to be returned in the future;
2. “Intercourse funds ” at period-end includes 6500000.00 yuan which is the interest-free loan applied by subsidiary of the
Company Shenzhen Emmelle Industrial Co. Ltd to Shenzhen Guosheng Energy Investment Development Co. Ltd(the shareholder
of CBC) on November 1 2010 to supplement the daily working capital.
42. Liability held for sale
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
Nil
43. Non-current liabilities due within one year
Unit: RMB/CNY
Item Ending balance Opening balance
Lease liabilities due within one year 0.00 210892.38
Total 210892.38
Other explanation:
Nil
44. Other current liabilities
Unit: RMB/CNY
Item Ending balance Opening balance
Sales taxes to be carried forward 56823.28 102929.16
Total 56823.28 102929.16
Changes of short-term bond payable:
Unit: RMB/CNY
Premiu
Accrual
Openin Issued m/disco Paid in
Face Release Bond Issuing interest Ending
Bond g in the unt the
value date period amount by face
balance Period amortiz Period
balance
value
ation
89Total
Other explanation:
Nil
45. Long-term loans
(1) Category of long-term loans
Unit: RMB/CNY
Item Ending balance Opening balance
Explanation on category of long-term loans:
Nil
Other explanation: including interest rate section
Nil
46. Bonds payable
(1) Bonds payable
Unit: RMB/CNY
Item Ending balance Opening balance
(2) Changes of bonds payable (not including the other financial instrument of preferred stock and
perpetual capital securities that classify as financial liability)
Unit: RMB/CNY
Premiu
Accrual
Openin Issued m/disco Paid in
Face Release Bond Issuing interest Ending
Bond g in the unt the
value date period amount by face
balance Period amortiz Period
balance
value
ation
Total
(3) Convertible conditions and time for shares transfer for the convertible bonds
Nil
(4) Other financial instruments classify as financial liability
Outstanding other financial instruments as preferred stock and perpetual bonds at period-end
Nil
90Changes of the outstanding financial instruments as preferred stock and perpetual bonds at period-end
Unit: RMB/CNY
Outstandin Period-begin Current increased Current decreased Period-end
g financial
Amount Book value Amount Book value Amount Book value Amount Book value
instrument
Basis for financial liability classification for other financial instrument
Nil
Other explanation:
Nil
47. Lease liability
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
Nil
48. Long-term account payable
Unit: RMB/CNY
Item Ending balance Opening balance
(1) Nature of long-term account payable
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
Nil
(2) Special payable
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance Causes
Other explanation:
Nil
9149. Long-term wages payable
(1) Long-term wages payable
Unit: RMB/CNY
Item Ending balance Opening balance
(2) Changes of defined benefit plans
Present value of the defined benefit plans:
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Scheme assets:
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Net liability (assets) of the defined benefit plans
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Content of defined benefit plans and relevant risks impact on future cash flow of the Company as well as times and uncertainty:
Nil
Major actuarial assumption and sensitivity analysis:
Nil
Other explanation:
Nil
50. Accrual liability
Unit: RMB/CNY
Item Ending balance Opening balance Causes
Outstanding litigation 878000.00 887342.00
Total 878000.00 887342.00
Other explanation including relevant important assumptions and estimation:
Nil
51. Deferred income
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance Causes
92Item with government subsidy involved:
Unit: RMB/CNY
Amount
Amount Cost
New grants reckoned in Assets-
Opening reckoned in reduction Other Ending
Liability in the non- related/inco
balance other in the changes Period operation balance
income period me related
revenue
Other explanation:
Nil
52. Other non-current liabilities
Unit: RMB/CNY
Item Ending balance Opening balance
Other explanation:
Nil
53. Share capital
Unit: RMB/CNY
Changes in the period (+ -)
Opening Shares Ending
New shares transferred
balance Bonus share Other Subtotal balance
issued from capital
reserve
689184933.689184933.
Total shares
0000
Other explanation:
Nil
54. Other equity instrument
(1) Outstanding other financial instruments as preferred stock and perpetual bonds at period-end
Nil
(2) Changes of the outstanding other financial instruments as preferred stock and perpetual bonds at period-end
Unit: RMB/CNY
Outstandin Period-begin Current increased Current decreased Period-end
g financial
Amount Book value Amount Book value Amount Book value Amount Book value
instrument
Changes of other equity instrument change reasons and relevant accounting treatment basis:
Nil
93Other explanation:
Nil
55. Capital public reserve
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
Capital premium(Share
150990173.10150990173.10
capital premium)
Other capital public
627834297.85627834297.85
reserve
1. Debt restructuring
482580588.23482580588.23
income
2.Other 145253709.62 145253709.62
Total 778824470.95 778824470.95
Other explanation:including changes and reasons for changes
1. Among the “other capital public reserves” 135840297.18 Yuan refers to the payment for creditor from shares assignment by
whole shareholders; majority shareholder Shenzhen Guosheng Energy Investment Development Co. Ltd. donated 5390399.74
Yuan.
56. Inventory shares
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
Other explanation:including changes and reasons for changes
Nil
57. Other comprehensive income
Unit: RMB/CNY
Current period incurred
Less: Less:
written in written in
other other
comprehen comprehen
sive sive Belong to Belong to
Opening Account income in income in
Item Less: parent minority
Ending
balance before previous previous Income tax balance
income tax period and period and company after shareholders
in the period carried carried expenses
tax after tax
forward to forward to
gains and retained
losses in earnings in
current current
period period
Other explanation: including the active part of the hedging gains/losses of cash flow transfer to initial recognition adjustment for
the arbitraged items
94Nil
58. Reasonable reserve
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
Other explanation:including changes and reasons for changes
Nil
59. Surplus public reserve
Unit: RMB/CNY
Item Opening balance Current increased Current decreased Ending balance
Statutory surplus
32673227.0132673227.01
reserves
Total 32673227.01 32673227.01
Explanation: including changes and reasons for changes
Nil
60. Retained profit
Unit: RMB/CNY
Item Current period Prior period
Retained profit at period-end before
-1210553312.45-1202936933.70
adjustment
Retained profit at period-begin after
-1210553312.45-1202936933.70
adjustment
Add: net profit attributable to
shareholders of parent company for this 4862298.90 -1483364.22
year
Retained profit at period-end -1205691013.55 -1204420298.12
Adjustment for retained profit at period-begin:
1) Retroactive adjustment due to the Accounting Standards for Business Enterprise and relevant new regulations retained profit at
period-begin has 0.00 Yuan affected;
2) Due to the accounting policy changes retained profit at period-begin has 0.00 Yuan affected;
3) Due to the major accounting errors correction retained profit at period-begin has 0.00 Yuan affected;
4) Consolidation range changed due to the same control retained profit at period-begin has 0.00 Yuan affected;
5) Total other adjustment impacts 0.00 Yuan retained profit at period-begin
61. Operation revenue and operation cost
Unit: RMB/CNY
Current period incurred Prior period incurred
Item
Revenue Cost Revenue Cost
Main business 290765045.12 277274706.74 104214067.47 98957121.72
Other business 2234117.38 1209446.00 2451379.10 1258517.92
95Total 292999162.50 278484152.74 106665446.57 100215639.64
Revenue:
Unit: RMB/CNY
Contract type 1# Division 2# Division Total
Product type 292999162.50 292999162.50
Including:
Jewelry and gold 289579544.92 289579544.92
Lithium battery
material for bicycles 3419617.58 3419617.58
and other
Classification by
business area
Including:
Market or customer
type
Including:
Contract type
Including:
Classification by time
of goods transfer
Including:
Classification by
contract duration
Including:
Classification by sales
channel
Including:
Total 292999162.50 292999162.50
Information relating to performance obligation:
Nil
Information relating to the transaction price assigned to the remaining performance obligation:
The amount of revenue corresponding to performance obligation that have been signed but have not been fulfilled or have not been
fulfilled at the end of the period was 0.00 Yuan including 0.00 Yuan is expected to be recognized as revenue in subsequent years
0.00 Yuan is expected to be recognized as revenue in subsequent years 0.00 Yuan is expected to be recognized as revenue in
subsequent years. Other explanation:
Other explanation:
Nil
9662. Tax and surcharge
Unit: RMB/CNY
Item Current period incurred Prior period incurred
City maintenance & construction tax 2712.44 2371.96
Educational surcharge 1937.46 1694.26
Stamp tax 125047.84 38446.51
Total 129697.74 42512.73
Other explanation:
Nil
63. Sales expenses
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Employee compensation 656050.37 476257.53
Marketing promotion fees 1318316.83 1434059.56
Online marketing fee 164884.42 325656.20
Other 382962.39 187916.24
Total 2522214.01 2423889.53
Other explanation:
Nil
64. Administration expenses
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Employee compensation 2956105.62 2893765.57
Daily administrative expenses 1174547.18 1961997.92
Total 4130652.80 4855763.49
Other explanation:
Nil
65. R&D expenses
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Employee compensation and benefits 291150.18 647544.40
Depreciation and amortization 46628.10
Other 45820.72
Total 336970.90 694172.50
Other explanation:
Nil
9766. Finance expenses
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Interest expense 0.00 0.00
Less: Interest income 70100.25 47897.11
Commission charge etc. 11769.30 19872.34
Total -58330.95 -28024.77
Other explanation:
Nil
67. Other income
Unit: RMB/CNY
Sources Current period incurred Prior period incurred
Government subsidy 100000.00
Personal tax withholding fee 2092.35 3369.17
Subsidy for stable employment 50026.63
68. Investment income
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Other explanation:
Nil
69. Net exposure hedge gains
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Other explanation:
Nil
70. Income from change of fair value
Unit: RMB/CNY
Sources Current period incurred Prior period incurred
Other explanation:
Nil
71. Loss of credit impairment
Unit: RMB/CNY
98Item Current period incurred Prior period incurred
Bad debt loss of other account receivable -6087.13
Bad debt losses of accounts receivable 334376.92 -42610.48
Total 328289.79 -42610.48
Other explanation:
Nil
72. Impairment loss on assets
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Other explanation:
Nil
73. Income from assets disposal
Unit: RMB/CNY
Sources Current period incurred Prior period incurred
74. Non-operating income
Unit: RMB/CNY
Amount reckoned in current
Item Current period incurred Prior period incurred
non-recurring gains/losses
Other 1253150.81 224228.84
Total 1253150.81 224228.84
Government subsidy reckoned into current gains/losses:
Unit: RMB/CNY
Subsidy
impact The special Assets-
Governmen Issuing Offering Amount in Amount in
Nature current subsidy related/inco
t subsidy subject causes the Period last period
gains/losse (Y/N) me-related
s (Y/N)
Other explanation:
Nil
75. Non-operating expense
Unit: RMB/CNY
Amount reckoned in current
Item Current period incurred Prior period incurred
non-recurring gains/losses
Other 1462822.69
Total 1462822.69
Other explanation:
99Nil
76. Income tax expenses
(1) Income tax expenses
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Current income tax expense 1720082.71 19647.32
Deferred income tax expense -82627.15
Total 1637455.56 19647.32
(2) Adjustment on accounting profit and income tax expenses
Unit: RMB/CNY
Item Current period incurred
Total profit 7574515.52
Income tax measured by statutory/applicable tax rate 1893628.88
The impact of applying different tax rates to subsidiaries -74493.76
Impact of additional deductions of R&D -99052.41
Effect of recognized temporary differences on the difference
-82627.15
between current tax rate and recognized deferred tax rate
Income tax expenses 1637455.56
Other explanation:
Nil
77. Other comprehensive income
Refer to the Note
78. Items of cash flow statement
(1) Other cash received in relation to operation activities
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Interest rent utilities etc. 1149209.40 1033396.18
Deposits and guarantees received 60222.00
Government subsidy and individual tax
2217.90153395.80
handling fee refund
Other 12116466.37 7542755.24
Total 13328115.67 8729547.22
Explanation on other cash received in relation to operation activities:
Nil
100(2) Other cash paid in relation to operation activities
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Deposits security deposits and
7988000.00
compensation payment paid
Payment of period expenses operation
4947274.362872432.88
expenses and co-benefit obligations
Judicial freeze 402449.98 2220591.19
Total 5349724.34 13081024.07
Explanation on other cash paid in relation to operation activities:
Nil
(3) Other cash received from investment activities
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Explanation on other cash received from investment activities:
Nil
(4) Cash paid related with investment activities
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Explanation on cash paid related with investment activities
Nil
(5) Other cash received in relation to financing activities
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Explanation on other cash received in relation to financing activities:
Nil
(6) Other cash paid related with financing activities
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Lease payment 245979.70
Total 245979.70
Explanation on other cash paid related with financing activities:
Nil
10179. Supplementary information to cash flow statement
(1) Supplementary information to cash flow statement
Unit: RMB/CNY
Supplementary information Current amount Amount of the previous period
1．Net profit adjusted to cash flow of
operation activities:
Net profit 5937059.96 -1223139.70
Add: Assets impairment provision -328289.79 42610.48
Depreciation of fixed assets
consumption of oil assets and 101255.23 199046.71
depreciation of productive biology assets
Depreciation of right-of-use
173936.71235664.04
assets
Amortization of intangible
assets
Amortization of long-term
expenses to be apportioned
Loss from disposal of fixed
assets intangible assets and other long-
term assets (gain is listed with “-”)
Losses on scrapping of fixed
12298.94
assets (gain is listed with “-”)
Gain/loss of fair value changes
(gain is listed with “-”)
Financial expenses (gain is
-58330.95
listed with “-”)
Investment loss (gain is listed
with “-”)
Decrease of deferred income tax
asset (increase is listed with “-”)
Increase of deferred income tax
liability (decrease is listed with “-”)
Decrease of inventory (increase is
-142168042.14-15512470.01
listed with “-”)
Decrease of operating receivable
101511254.793653478.72
accounts (increase is listed with “-”)
Increase of operating payable
-388000.065545924.43
accounts (decrease is listed with “-”)
Other -157516.35 -2220591.19
Net cash flow arising from
-35364373.66-9279476.52
operating activities
2. Material investment and financing not
involved in cash flow
Conversion of debt into capital
Switching Company bonds due within
one year
Financing lease of fixed assets
3. Net change of cash and cash
equivalents:
Balance of cash at period end 15558495.69 23684542.07
Less: Balance of cash equivalent at
50922869.3533246957.92
year-begin
Add: Balance at year-end of cash
equivalents
Less: Balance at year-begin of cash
equivalents
102Net increase of cash and cash
-35364373.66-9562415.85
equivalent
(2) Net cash paid for obtaining subsidiary in the Period
Unit: RMB/CNY
Amount
Including:
Including:
Including:
Other explanation:
Nil
(3) Net cash received by disposing subsidiary in the Period
Unit: RMB/CNY
Amount
Including:
Including:
Including:
Other explanation:
Nil
(4) Constitution of cash and cash equivalent
Unit: RMB/CNY
Item Ending balance Opening balance
I. Cash 15558495.69 50922869.35
Including:Cash on hand 37275.25 33531.25
Bank deposit available for
15521220.4450889338.10
payment at any time
III. Balance of cash and cash equivalents
15558495.6950922869.35
at the period -end
Other explanation:
Nil
80. Notes of changes of owners’ equity
Explain the name and adjusted amount in “Other” at end of last period:
10381. Assets with ownership or use right restricted
Unit: RMB/CNY
Item Ending book value Restriction reasons
In monetary funds there has
4179071.81 yuan bank deposit was
Monetary fund 4179071.81 judicially frozen due to the litigation
with Shenzhen Jianzhi Industrial
Development Co. Ltd concerned
Total 4179071.81
Other explanation:
Nil
82. Foreign currency monetary items
(1) Foreign currency monetary items
Unit: RMB/CNY
Ending foreign currency Ending RMB balance
Item Convert rate
balance converted
Monetary fund
Including: USD
EURO
HKD
Account receivable
Including: USD
EURO
HKD
Long-term loans
Including: USD
EURO
HKD
Other explanation:
Nil
(2) Explanation on foreign operational entity including as for the major foreign operational entity
disclosed main operation place book-keeping currency and basis for selection; if the book-keeping
currency changed explain reasons
□Applicable □Not applicable
83. Hedging
Disclosed hedging items and relevant hedging instrument based on hedging’s category disclosed qualitative and quantitative
104information for the arbitrage risks:
Nil
84. Government subsidy
(1) Government subsidy
Unit: RMB/CNY
Amount reckoned into current
Category Amount Item
gains/losses
(2) Government subsidy rebate
□Applicable □Not applicable
Other explanation:
Nil
85. Other
Nil
VIII. Changes of consolidation scope
1. Enterprise combined under different control
(1) Enterprise combined under different control in the Period
Unit: RMB/CNY
Income of Net profit
Standard to
Acquired acquiree of acquiree
Time point Cost of Ratio of determine
way Equity Purchasing from from
Acquiree for equity equity equity the
obtained date purchasing purchasing
obtained obtained obtained purchasing
way date to date to
date
period-end period-end
Other explanation:
Nil
(2) Combination cost and goodwill
Unit: RMB/CNY
Consolidation cost
--Cash
--Fair value of non-cash assets
--Fair value of debts issued or assumed
--Fair value of equity securities issued
-- Fair value of contingent consideration
105--Fair value of the equity prior to the purchasing date
--Other
Total combination cost
Less: shares of fair value of identifiable net assets acquired
The amount by which the goodwill/cost of consolidation is less
than the share of fair value of identifiable net assets acquired
Determination method for fair value of the combination cost and contingent consideration and changes:
Nil
Main reasons for large goodwill resulted:
Nil
Other explanation:
(3) Identifiable assets and liability on purchasing date under the acquiree
Unit: RMB/CNY
Fair value on purchasing date Book value on purchasing date
Assets:
Monetary fund
Account receivable
Inventory
Fix assets
Intangible assets
Liability:
Loan
Account payable
Deferred income tax liabilities
Net assets
Less: Minority interests
Net assets acquired
Determination method for fair value of the identifiable assets and liabilities:
Nil
Contingent liability of the acquiree bear during combination:
Nil
Other explanation:
106Nil
(4) Gains or losses arising from re-measured by fair value for the equity held before purchasing date
Whether it is a business combination realized by two or more transactions of exchange and a transaction of obtained control rights
in the Period or not
□Yes □No
(5) On purchasing date or period-end of the combination combination consideration or fair value of identifiable assets and
liability for the acquiree are un-able to confirm rationally
Nil
(6) Other explanation:
Nil
2. Enterprise combine under the same control
(1) Enterprise combined under the same control in the Period
Unit: RMB/CNY
Income of Net profit
the of the
Income of Net profit
combined combined
Equity ratio Basis of Standard to the of the party from party from
combined determine combined combined
Combined obtained in Combinatio period- period-
under the the party party
party combinatio n date begin of begin of same combinatio during the during the
n combinatio combinatiocontrol n date comparison comparison
n to the n to the
period period
combinatio combinatio
n date n date
Other explanation:
Nil
(2) Combination cost
Unit: RMB/CNY
Consolidation cost
--Cash
-- Book value of non-cash assets
- Book value of debts issued or assumed
-- The face value of the equity securities issued
--Contingent consideration
Explanation on contingent consideration and its changes:
Nil
Other explanation:
107Nil
(3) Book value of the assets and liability of the combined party on combination date
Unit: RMB/CNY
Consolidation date End of last period
Assets:
Monetary fund
Account receivable
Inventory
Fix assets
Intangible assets
Liability:
Loan
Account payable
Net assets
Less: Minority interests
Net assets acquired
Contingent liability of the combined party bear during combination:
Nil
Other explanation:
Nil
3. Counter purchase
Basic transaction information basis of counter purchase whether making up business due to the assets and liability reserved by
listed company and basis determination of combination cost amount and calculation on adjusted equity by equity transaction:
Nil
4. Subsidiary disposal
Whether lost controlling rights while dispose subsidiary on one time or not
□Yes □No
Whether lost controlling rights in the Period while dispose subsidiary on two or more steps or not
□Yes □No
1085. Other reasons for consolidation range changed
Reasons for changed on consolidation range (such as new subsidiary established subsidiary liquidated etc.)And relevant
information:
Nil
6. Other
Nil
IX. Equity in other entity
1. Equity in subsidiary
(1) Constitute of enterprise group
Main operation Registered Share-holding ratio
Subsidiary Business nature Acquired way
place place Directly Indirectly
Shenzhen
Distribution of
Emmelle
Shenzhen Shenzhen bicycles and 70.00% Investment
Industrial Co.spare parts
Ltd.Manufacturing
Shenzhen
and sales of
Xinsen Jewelry
Shenzhen Shenzhen Jewelry 89.20% Investment
Gold Supply
diamonds and
Chain Co. Ltd
gold
Sales of
Shenzhen
software and
Emmelle Cloud
Shenzhen Shenzhen information 49.00% Investment
Technology
technology
Co. Ltd.service
Explanation on share-holding ratio in subsidiary different from ratio of voting right:
Nil
Basis for controlling the invested entity with half or below voting rights held and without controlling invested entity but with over
half and over voting rights:
Subsidiary of the Company-Shenzhen Emmelle Industry Co. Ltd. (with 70% equity held by the Company) holds 70% equity of
Shenzhen Emmelle Cloud Technology Co. Ltd
Controlling basis for the structuring entity included in consolidated range:
Nil
Basis on determining to be an agent or consignor:
Nil
109Other explanation:
Nil
(2) Important non-wholly-owned subsidiary
Unit: RMB/CNY
Gains/losses Dividend announced to
Share-holding ratio of Ending equity of
Subsidiary attributable to minority distribute for minority
minority minority
in the Period in the Period
Shenzhen Xinsen
Jewelry Gold Supply 10.80% 967919.89 15149847.54
Chain Co. Ltd
Explanation on share-holding ratio of minority different from ratio of voting right:
Nil
Other explanation:
Nil
(3) Main finance of the important non-wholly-owned subsidiary
Unit: RMB/CNY
Ending balance Opening balance
Curren Non- Curren Non-
Subsid Non- Total Non- Total
Curren Total t current Curren Total t current
iary current liabiliti current liabiliti
t assets assets liabiliti liabiliti t assets assets liabiliti liabiliti
assets es assets es
es es es es
Shenz
hen
Xinsen
Jewelr 20822 20847 89402 89402 43904 44058
253421537946494649
y Gold 3539. 6964. 926.1 926.1 659.2 456.4
4.497.14218.79218.79
Supply 54 03 4 4 6 0
Chain
Co.Ltd
Unit: RMB/CNY
Current period incurred Prior period incurred
Total Cash flow Total Cash flow
Subsidiary Operation comprehen from Operation comprehen from
Net profit Net profit
revenue sive operation revenue sive operation
income activity income activity
Shenzhen
Xinsen
Jewelry - -
264533144664800.24664800.293257753.
Gold 73691104. 766245.45 766245.45 6051799.0
6.978850
Supply 35 6
Chain Co.Ltd
Other explanation:
110Nil
(4) Major restriction on using corporate assets and liquidate corporate debts
Nil
(5) Financial or other supporting provided to structuring entity that included in consolidated financial statement
Nil
Other explanation:
Nil
2. Transaction that has owners equity shares changed in subsidiary but still with controlling rights
(1) Owners equity shares changed in subsidiary
Nil
(2) Impact on minority’s interest and owners’ equity attributable to parent company
Unit: RMB/CNY
Purchase cost/disposal consideration
--Cash
--Fair value of non-cash assets
Purchase cost/total disposal consideration
Less: Subsidiary's share of net assets calculated based on the
proportion of acquired/disposed equity
Difference
Including: Adjust capital public reserve
Adjust surplus public reserve
Adjusted retained profit
Other explanation:
Nil
3. Equity in joint venture and associated enterprise
(1) Important joint venture or associated enterprise
Joint venture or
Main operation Registered Share-holding ratio Accounting
associated Business nature
place place
enterprise Directly Indirectly treatment
Share-holding ratio or shares enjoyed different from voting right ratio:
Nil
111Basis of the voting rights with 20% below but with major influence or without major influence but with over 20% (20% included)
voting rights hold:
Nil
(2) Main financial information of the important joint venture
Unit: RMB/CNY
Ending balance/Current period incurred Opening balance/Prior period incurred
Current assets
Including: cash and cash equivalent
Non-current assets
Total assets
Current liabilities
Non-current liabilities
Total liabilities
Minority interests
Shareholders' equity attributable to the
parent company
Share of net assets calculated by
shareholding ratio
Adjustment items
--Goodwill
--Unrealized profit of internal trading
--Other
Book value of equity investment in joint
venture
Fair value of the equity investment of
joint ventures with public offers
concerned
Operation revenue
Finance expenses
Income tax expenses
Net profit
Net profit of discontinuing operation
Other comprehensive income
Total comprehensive income
Dividends received from joint venture in
the year
Other explanation:
Nil
(3) Main financial information of the important associated enterprise
Unit: RMB/CNY
112Ending balance/Current period incurred Opening balance/Prior period incurred
Current assets
Non-current assets
Total assets
Current liabilities
Non-current liabilities
Total liabilities
Minority interests
Equity attributable to shareholder of
parent company
Share of net assets measured by
shareholding
Adjustment
--Goodwill
--Unrealized profit of internal trading
--Other
Book value of equity investment in
associated enterprise
Fair value of the equity investment of
associated enterprise with public offers
concerned
Operation revenue
Net profit
Net profit of discontinuing operation
Other comprehensive income
Total comprehensive income
Dividends received from associated
enterprise in the year
Other explanation:
Nil
(4) Financial summary for un-important joint venture or associated enterprise
Unit: RMB/CNY
Ending balance/Current period incurred Opening balance/Prior period incurred
Joint venture：
Total numbers measured by share-
holding ratio
Associated enterprise：
Total numbers measured by share-
holding ratio
Other explanation:
Nil
113(5) Assets transfer ability has major restriction from joint venture or associated enterprise
Nil
(6) Excess losses from joint venture or associated enterprise
Unit: RMB/CNY
Un-confirmed losses not
Joint venture or associated Cumulative un-confirmed recognized in the Period (or Cumulative un-confirmed
enterprise losses net profit enjoyed in the losses at period-end
Period)
Other explanation:
Nil
(7) Un-confirmed commitment with investment concerned with joint venture
Nil
(8) Contingent liability with investment concerned with joint venture or associated enterprise
Nil
4. Co-runs operation
Main operation Share-holding ratio/share enjoyed
Name Registered place Business nature
place Directly Indirectly
Share-holding ratio or shares enjoyed different from voting right ratio:
Nil
If the co-runs entity is the separate entity basis of the co-runs classification
Nil
Other explanation:
Nil
5. Equity in structuring entity that excluding in the consolidated financial statement
Relevant explanation
Nil
6. Other
Nil
114X. Risks Related to Financial Instruments
Nil
XI. Disclosure of fair value
1. Ending fair value of the assets and liabilities measured by fair value
Unit: RMB/CNY
Ending fair value
Item
First-order Second-order Third-order Total
I. Sustaining measured
--------
by fair value
II. Non-sustaining
--------
measured by fair value
2. Recognized basis for the market price sustaining and non-persistent measured by fair value on first-order
Nil
3. Valuation technique and qualitative and quantitative information on major parameters for the fair value
measure sustaining and non-persistent on second-order
Nil
4. Valuation technique and qualitative and quantitative information on major parameters for the fair value
measure sustaining and non-persistent on third-order
Nil
5. Adjustment information and sensitivity analysis of unobservable parameters for the fair value measure
sustaining and non-persistent on third-order
Nil
6. Sustaining items measured by fair value as for the conversion between at all levels reasons for conversion
and policy for conversion time point
Nil
7. Changes of valuation technique in the Period
Nil
8. Financial assets and liability not measured by fair value
Nil
1159. Other
Nil
XII. Related party and related transactions
1. Parent company
Share-holding
ratio on the Voting right ratio
Parent company Registered place Business nature Registered capital
enterprise for on the enterprise
parent company
General business:
Wansheng investment in
Industrial establishment of
Holdings Shenzhen industrial (specific 500 million Yuan 20.00% 20.00%
(Shenzhen) Co. items are
Ltd separately
declared)
Explanation on parent company of the enterprise
Nil
Ultimate controller of the Company: Wang sheng hong。
Other explanation:
Nil
2. Subsidiary of the Enterprise
Found more in Note VIII-1
3. Associated enterprise and joint venture
Found more in Note
Other associated enterprise and joint venture that have related transaction with the Company in the Period or occurred in previous
period
Joint venture or associated enterprise Relationship with the Company
Other explanation:
Nil
4. Other related party
Other related party Relationship with the Company
Shenzhen Zuankinson Jewelry Gold Supply Chain Co. Ltd Shareholder of the subsidiary Xinsen Jewelry
The enterprise under the effective control of Chen Xuejin wifu
Fuzhou Rongrun Jewelry Co. Ltd. of Chen Junrong the shareholder of Shenzhen Zuankinson
Jewelry Gold Supply Chain Co. Ltd.
116100% equity held by Shenzhen Zuankinson Jewelry Gold
Fuzhou Zuankinson Jewelry Co. Ltd.Supply Chain Co. Ltd.Other explanation:
Nil
5. Related transaction
(1) Goods purchasing labor service providing and receiving
Goods purchasing/labor service receiving
Unit: RMB/CNY
Whether more than
Transaction Current period Approved Prior period
Related party the transaction
content incurred transaction amount amount incurred
Goods sold/labor service providing
Unit: RMB/CNY
Related party Transaction content Current period incurred Prior period incurred
Fuzhou Rongrun Jewelry Co.Sales of goods 53899331.99 32161964.71
Ltd.Fuzhou Zuankinson Jewelry
Sales of goods 49772997.49
Co. Ltd.Explanation on goods purchasing labor service providing and receiving
Nil
(2) Related trusteeship/contract and delegated administration/outsourcing
Trusteeship/contract
Unit: RMB/CNY
Client/ Entrusting Income from
Yield pricing
contract-out party/ Assets type Starting date Maturity date trusteeship/cont
basis
party contractor ract
Explanation on related trusteeship/contract
Nil
Delegated administration/outsourcing
Unit: RMB/CNY
Pricing basis of Trustee
Client/ Entrusting
trustee fee/outsourcing
contract-out party/ Assets type Starting date Maturity date
fee/outsourcing fee recognized
party contractor
fee in the Period
Explanation on related administration/outsourcing
Nil
117(3) Related lease
As a lessor for the Company:
Unit: RMB/CNY
Lease income recognized in Lease income recognized in
Lessee Assets type
the Period prior Period
As a lessee for the Company:
Unit: RMB/CNY
rental cost for
Variable lease
short-term leases
payment not
and low-value Interest expenses
included in the Right-of-use assets
assets leases with Rental paid assumed on lease
measurement of increased
simplified liability
Assets leasing liability (if
Lessor processing (if
type applicable)
applicable)
Current Prior Current Prior Current Prior Current Prior Current Prior
period period period period period period period period period period
incurre incurre incurre incurre incurre incurre incurre incurre incurre incurre
d d d d d d d d d d
Explanation on related lease
Nil
(4) Related guarantee
As a guarantor for the Company
Unit: RMB/CNY
Guarantee completed
Secured party Amount guarantee Starting date Due date
(Y/N)
As a secured party for the Company
Unit: RMB/CNY
Guarantee completed
Guarantor Amount guarantee Starting date Due date
(Y/N)
Explanation on related guarantee
Nil
(5) Borrowed funds of related party
Unit: RMB/CNY
Related party Borrowed funds Starting date Due date Note
Borrowing
Lending
118(6) Assets transfer and debt restructuring of related party
Unit: RMB/CNY
Related party Transaction content Current period incurred Prior period incurred
(7) Remuneration of key manager
Unit: RMB/CNY
Item Current period incurred Prior period incurred
Remuneration of key manager 703586.71 769418.63
(8) Other related transactions
Nil
6. Receivable/payable items of related parties
(1) Receivable item
Unit: RMB/CNY
Ending balance Opening balance
Item Related party
Book balance Bad debt provision Book balance Bad debt provision
Account Fuzhou Rongrun
28325616.7744987445.10
receivable Jewelry Co. Ltd.Fuzhou
Account
Zuankinson 23737828.86 19085600.00
receivable
Jewelry Co. Ltd.
(2) Payable item
Unit: RMB/CNY
Item Related party Ending book balance Opening book balance
Shenzhen Guosheng Energy
Other account payable Investment Development Co. 6500000.00 6500000.00
Ltd.
7. Commitments of related party
Nil
8. Other
Nil
119XIII. Share-based payment
1. General share-based payment
□Applicable □Not applicable
2. Share-based payment settled by equity
□Applicable □Not applicable
3. Share-based payment settled by cash
□Applicable □Not applicable
4. Revised and termination on share-based payment
Nil
5. Other
Nil
XIV. Commitment or contingency
1. Important commitments
Important commitments in balance sheet date
Nil
2. Contingency
(1) Contingency on balance sheet date
Nil
(2) For the important contingency not necessary to disclosed by the Company explained reasons
The Company has no important contingency that need to disclosed
3. Other
Nil
120XV. Events after balance sheet date
1. Important non-adjustment items
Unit: RMB/CNY
Impact on financial status and Reasons on un-able to
Item Content
operation results estimated the impact number
2. Profit distribution
3. Sales return
Nil
4. Other events after balance sheet date
Nil
XVI. Other important events
1. Previous accounting errors collection
(1) Retrospective restatement
Unit: RMB/CNY
Impact items of statement
Correction content Treatment procedures Cumulative impacted number
during a comparison
(2) Prospective application
Reasons for prospective application
Correction content Approval procedures
adopted
2. Debt restructuring
Nil
3. Assets replacement
(1) Non-monetary assets change
Nil
121(2) Other assets replacement
Nil
4. Pension plan
Nil
5. Discontinued operations
Unit: RMB/CNY
Discontinued
operations
Income tax profit
Item Revenue Expenses Total profit Net profit
expenses attributable to
owners of
parent company
Other explanation:
Nil
6. Segment
(1) Recognition basis and accounting policy for reportable segment
Nil
(2) Financial information for reportable segment
Unit: RMB/CNY
Item Offset between segments Total
(3) The Company has no reportable segments or unable to disclose total assets and total liability for
reportable segments explain reasons
Nil
(4) Other explanation:
Nil
7. Major transaction and events makes influence on investor’s decision
Nil
1228. Other
Nil
XVII. Principle notes of financial statements of parent company
1. Account receivable
(1) Category of account receivable
Unit: RMB/CNY
Ending balance Opening balance
Categor Book balance Bad debt provision Book balance Bad debt provision
Book Book
y
Accrual Accrual
Amount Ratio Amount value Amount Ratio Amount value
ratio ratio
Account
receivab
le with
bad debt 197430 154694 427369 198290 154894 433969
96.40%78.35%8.63%78.11%
provisio 95.32 02.18 3.14 97.29 02.18 5.11
n accrual
by single
basis
Includ
ing:
Account
s with
single
significa
nt
amount
and with 157801 126241 315603 157801 126241 315603
78.44%80.00%6.87%80.00%
bad 56.69 25.35 1.34 56.69 25.35 1.34
debts
provisio
n
accrued
individu
ally
Account
s with
single
minor
amount
but with
396293284527111766404894286527118366
bad 19.70% 71.80% 1.76% 70.77%
8.636.831.800.606.833.77
debts
provisio
n
accrued
individu
ally
Account 373517. 1.86% 1120.55 0.30% 372396. 210053 91.37% 630160. 0.30% 209423
123receivab 00 45 360.30 08 200.22
le with
bad debt
provisio
n accrual
by
portfolio
Includ
ing:
Account
receivab
le
withdra
wal bad
debt
provisio
n by 373517. 372396. 210053 630160. 209423
1.86%1120.550.30%91.37%0.30%
group of 00 45 360.30 08 200.22
credit
risk
characte
ristics
(Aging
analysis
method)
201166154705464608229882161195213762
Total 100.00% 76.90% 100.00% 7.01%
12.3222.739.59457.5962.26895.33
Bad debt provision accrual on single basis: Accounts with single significant amount and with bad debts provision accrued
individually
Unit: RMB/CNY
Ending balance
Name of the Company
Book balance Bad debt provision Accrual ratio Reason for accrual
Note: the enterprise has
stopped production and
Guangshui Jiaxu is expected to be
Energy Technology 15780156.69 12624125.35 80.00% difficult to recover the
Co. Ltd. Company has filed a
lawsuit against the
enterprise
Total 15780156.69 12624125.35
Bad debt provision accrual on single basis: Accounts with single minor amount but with bad debts provision accrued individually
Unit: RMB/CNY
Ending balance
Name of the Company
Book balance Bad debt provision Accrual ratio Reason for accrual
No bad debt accrual
Suzhou Jiaxin
between the related
Economic Trade Co. 888757.00 888757.00 100.00%
parties during the
Ltd.combination term
Shenzhen Emmelle Expected to be difficult
867189.910.000.00%
Industrial Co. Ltd. in collection
Dongguan Daxiang Expected to be difficult
656734.00656734.00100.00%
New Energy Co. Ltd. in collection
124Suzhou Daming
Expected to be difficult
Vehicle Industry Co. 649688.00 519750.40 80.00%
in collection
Ltd.Guangdong Xinlingjia Expected to be difficult
348136.00348136.00100.00%
New Energy Co. Ltd. in collection
Hubei Topsdun
Expected to be difficult
Eletronic Tech. Co. 241068.58 120534.29 50.00%
in collection
Ltd.Tianjin Huiju Electric Expected to be difficult
116840.14116840.14100.00%
Vehicle Co. Ltd. in collection
Expected to be difficult
Other 194525.00 194525.00 100.00%
in collection
Total 3962938.63 2845276.83
Bad debt provision accrual on portfolio:Accounts receivable with provision for bad debts by aging analysis method
Unit: RMB/CNY
Ending balance
Name of the Company
Book balance Bad debt provision Accrual ratio
Within one year(one year
373517.001120.550.30%
included)
Total 373517.00 1120.55
Explanation on portfolio basis:
Nil
If the provision for bad debts of account receivable is made in accordance with the general model of expected credit losses please
refer to the disclosure of other account receivable to disclose related information about bad-debt provisions:
□Applicable □Not applicable
Disclosure by ageing
Unit: RMB/CNY
Account age Ending balance
Within one year(one year included) 6670146.72
1-2 years 11003540.60
2-3 years 1115247.00
Over 3 years 1327678.00
3-4 years 979542.00
4-5 years 348136.00
Total 20116612.32
(2) Bad debt provision accrual collected or reversal in the period
Accrual of bad debt provision in the period:
Unit: RMB/CNY
Current changes
Opening
Category
balance Collected or
Ending balance
Accrual Write off Other
reversal
Accrual of bad
16119562.26649039.5315470522.73
debt provision
125for account
receivable in
the Period
Total 16119562.26 649039.53 15470522.73
Including important amount of bad debt provision collected or reversal in the period:
Unit: RMB/CNY
Enterprise Amount collected or reversal Collection way
Nil
(3) Account receivables actually write-off during the reporting period
Unit: RMB/CNY
Item Amount written off
Including important account receivables write-off:
Unit: RMB/CNY
Amount cause by
Amount written related
Enterprise Nature Causes Procedure
off transactions or not
(Y/N)
Explanation on account receivable write-off:
Nil
(4) Top five account receivables collected by arrears party at ending balance
Unit: RMB/CNY
Proportion of total closing
Ending balance of accounts Ending balance of bad bet
Enterprise balance of accounts
receivable provision
receivable
Guangshui Jiaxu Energy
15780156.6978.44%12624125.35
Technology Co. Ltd.Suzhou Jiaxin Economic
888757.004.42%888757.00
Trade Co. Ltd.Shenzhen Emmelle Industrial
867189.914.31%0.00
Co. Ltd.Dongguan Daxiang New
656734.003.26%656734.00
Energy Co. Ltd.Suzhou Daming Vehicle
649688.003.23%519750.40
Industry Co. Ltd.Total 18842525.60 93.66%
(5) Account receivable derecognized due to transfer of financial assets
Nil
126(6) Assets and liability resulted by account receivable transfer and continuous involvement
Nil
Other explanation:
Nil
2. Other account receivable
Unit: RMB/CNY
Item Ending balance Opening balance
Other account receivable 67555513.92 209606.79
Total 67555513.92 209606.79
(1) Interest receivable
1) Category of interest receivable
Unit: RMB/CNY
Item Ending balance Opening balance
2) Important overdue interest
Unit: RMB/CNY
Impairment (Y/N) and
Borrower Ending balance Overdue time Overdue reason
judgment basis
Other explanation:
Nil
3) Accrual of bad debt provision
□Applicable □Not applicable
(2) Dividend receivable
1) Category of dividend receivable
Unit: RMB/CNY
Item (or the invested entity) Ending balance Opening balance
2) Important dividend receivable with over one year aged
Unit: RMB/CNY
Item (or the invested Causes of failure for Impairment (Y/N) and
Ending balance Account age
entity) collection judgment basis
1273) Accrual of bad debt provision
□Applicable □Not applicable
Other explanation:
Nil
(3) Other account receivable
1) Other account receivable by nature of payment
Unit: RMB/CNY
Nature Ending book balance Opening book balance
Current account 67300000.00 0.00
Other 225758.27 119576.50
Reserve fund 30524.50 20198.00
Payment for equipment 11400.00 11400.00
Deposit or margin 500.00 70963.00
Total 67568182.77 222137.50
2) Accrual of bad debt provision
Unit: RMB/CNY
Phase I Phase II Phase II
Expected credit losses Expected credit losses
Bad debt provision Expected credit losses for the entire duration for the entire duration Total
over next 12 months (without credit (with credit impairment
impairment occurred) occurred)
Balance on January 1
12530.7112530.71
2023
January 1 2023
balance in the current
period
Accrual in the Period 138.14 138.14
Balance on June 30
12668.8512668.85
2023
Change of book balance of loss provision with amount has major changes in the period
□Applicable □Not applicable
Disclosure by ageing
Unit: RMB/CNY
Account age Ending balance
Within one year(one year included) 67416708.27
1-2 years 139574.50
Over 3 years 11900.00
Over 5 years 11900.00
Total 67568182.77
1283) Bad debt provision accrual collected or reversal in the period
Accrual of bad debt provision in the period:
Unit: RMB/CNY
Current changes
Opening
Category Collected or Ending balance
balance Accrual Write off Other
reversal
Other account
receivable Bad
12530.71138.1412668.85
debt provision-
Phase I
Total 12530.71 138.14 12668.85
Nil
Important amount of bad debt provision switch-back or collection in the period:
Unit: RMB/CNY
Enterprise Amount switch-back or collection Collection way
Nil
4) Other account receivables actually write -off during the reporting period
Unit: RMB/CNY
Item Amount written off
Including important other account receivables write-off:
Unit: RMB/CNY
Amount cause by
Nature of other Amount written related
Enterprise Causes Procedure
account receivable off transactions or not
(Y/N)
Other explanation on account receivable write-off:
Nil
5) Top 5 other account receivable collected by arrears party at ending balance
Unit: RMB/CNY
Proportion in total
other account Ending balance of
Enterprise Nature Ending balance Account age
receivables at bad bet provision
period-end
Shenzhen Xinsen
Jewelry Gold Current account
67300000.00 Within one year 99.60% 0.00
Supply Chain Co. of subsidiary
Ltd
Other Deposit or margin 225758.27 1-2 years 0.33% 677.28
Huang Zeqi Reserve fund 19998.00 Within one year 0.03% 59.99
129Shenzhen
Hongkang Payment for
11400.00 Over 5 years 0.03% 11400.00
Instrument Tech. equipment
Co. Ltd
Yi Wenzhi Deposit or margin 10000.00 1-2 years 0.01% 30.00
Total 67567156.27 100.00% 12167.27
6) Account receivable with government subsidy involved
Unit: RMB/CNY
Time amount and
Enterprise Government subsidy Ending balance Ending account age basis of amount
collection estimated
Nil
7) Other account receivable derecognized due to financial assets transfer
Nil
8) Assets and liability resulted by other account receivable transfer and continuous involvement
Nil
Other explanation:
Nil
3. Long-term equity investment
Unit: RMB/CNY
Ending balance Opening balance
Item Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Investment in
94960379.7394960379.7319960379.7319960379.73
subsidiary
Total 94960379.73 94960379.73 19960379.73 19960379.73
(1) Investment in subsidiary
Unit: RMB/CNY
Changes in the period (+ -) Ending
Opening Ending
The invested Accrual of balance of
balance(Boo Additional Capital balance(Boo
entity impairment Other impairment
k value) investment reduction k value)
provision provision
Shenzhen
Emmelle
10379.7310379.73
Industrial
Co. Ltd.
130Shenzhen
Xinsen
19950000.075000000.094950000.0
Jewelry Gold
000
Supply Chain
Co. Ltd
19960379.775000000.094960379.7
Total
303
(2) Investment for associates and joint venture
Unit: RMB/CNY
Changes in the period (+ -)
Ending
Investm Cash
Openin Other Accrual balance
Ending
Funded g ent dividenAdditio compre of of
Capital gains Other d or balanceenterpri balance nal hensive impair impair
se (Book reducti recogni equity profit
Other (Book
investm income ment ment value)
value) on zed change announent adjustm provisi provisi
under ced to
ent on on
equity issued
I. Joint venture
II. Associated enterprise
(3) Other explanation:
Nil
4. Operation revenue and operation cost
Unit: RMB/CNY
Current period incurred Prior period incurred
Item
Revenue Cost Revenue Cost
Main business 24987989.13 22297957.34 4826647.58 4774119.38
Other business 1214376.83 1119937.21 1169585.77 1136928.56
Total 26202365.96 23417894.55 5996233.35 5911047.94
Revenue:
Unit: RMB/CNY
Contract type 1# Division 2# Division Total
Product type 26202365.96 26202365.96
Including:
Gold jewelry 25046397.95 25046397.95
Lithium battery and
1155968.011155968.01
other
Classification by
business area
Including:
Market or customer
type
Including:
131Contract type
Including:
Classification by time
of goods transfer
Including:
Classification by
contract duration
Including:
Classification by sales
channel
Including:
Total 26202365.96 26202365.96
Information relating to performance obligation:
Nil
Information relating to the transaction price assigned to the remaining performance obligation:
The amount of income corresponding to the performance obligations that have been signed at the end of this reporting period but
have not yet been fulfilled or have not done with fulfillment is 0.00 yuan among them yuan of revenue is expected to be
recognized in YEAR yuan of revenue is expected to be recognized in YEAR and yuan of revenue is expected to be recognized in
YEAR.Other explanation:
Nil
5. Investment income
Unit: RMB/CNY
Item Current period incurred Prior period incurred
6. Other
Nil
XVIII. Supplementary Information
1. Current non-recurring gains/losses
□Applicable □Not applicable
Unit: RMB/CNY
132Item Amount Note
Government subsidy reckoned into
current gains/losses (except for those
with normal operation business
concerned and conform to the national
2092.35
policies & regulations and are
continuously enjoyed at a fixed or
quantitative basis according to certain
standards)
Switch-back of provision of impairment
of account receivable which are treated 33620.00
with separate depreciation test
Other non-operation revenue and
expenditure except for the -209671.88
aforementioned items
Less: Impact on income tax -43647.46
Amount of impact of minority
756.37
interests
Total -131068.44 --
Details of other gains/losses items that meets the definition of non-recurring gains/losses:
□Applicable □Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in Q&A
Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss
□Applicable □Not applicable
2. ROE and EPS
Earnings per share
Profits during report period Weighted average ROE
Basic EPS(RMB/Share) Diluted EPS(RMB/Share)
Net profits belong to common
stock stockholders of the 1.66% 0.0071 0.0071
Company
Net profits belong to common
stock stockholders of the
1.71%0.00720.0072
Company after deducting
nonrecurring gains and losses
3. Difference of the accounting data under accounting rules in and out of China
(1) Difference of the net profit and net assets disclosed in financial report under both IAS (International
Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)
□Applicable □Not applicable
133(2) Difference of the net profit and net assets disclosed in financial report under both foreign accounting
rules and Chinese GAAP (Generally Accepted Accounting Principles)
□Applicable □Not applicable
(3) Explain accounting difference over the accounting rules in and out of China; as for the difference
adjustment for data audited by foreign auditing organ noted the name of such foreign organ
Nil
4. Other
Nil
Board of Directors of
Shenzhen China Bicycle Company (Holdings) Limited
25 August 2023
134
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