Summary of Annual Report 2023

Shenzhen China Bicycle Company (Holdings) Co. Ltd.Summary of Annual Report 2023

I. Important Notice

The summary is abstract from full-text of annual report for more details of operating results financial condition

and future development plan of the Company; investors should found in the full-text of annual report that

published on media appointed by CSRC.All directors are attended the Board Meeting for Report deliberation.Tips for non-standard audit opinion

□Applicable □Not applicable

Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the

Board in the reporting period

□Applicable □Not applicable

The Company plans not to distribute cash dividends not to send bonus shares and no reserve capitalizing.Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period

□Applicable □Not applicable

II. Company information

1. Company profile

Short form of the stock Zhonghua A Zhonghua B Stock Code 000017200017

Stock Exchange for listing Shenzhen Stock Exchange

Short form of the Stock before changed (if applicable) N/A

Person/Way to contact Secretary of the Board Rep. of security affairs

Yu Xiaomin Zhong

Name Sun Longlong

Xiaojin

8/F Shuibei Jinzuo

8/F Shuibei Jinzuo Building No.89

Building No.89 Beili

Offices add. Beili North Road Cuizhu Street

North Road Cuizhu Street

Luohu District Shenzhen

Luohu District Shenzhen

Fax. 0755-28181009 0755-28181009

Tel. 0755-28181688 0755-28181688

E-mail dmc@szcbc.com dmc@szcbc.com

1Summary of Annual Report 2023

2.Main business or product introduction in the reporting period

During the reporting period the company mainly engaged in jewelry gold business bicycle and new-energy

lithium battery material business: (1) Gold jewelry business -The company connected with downstream gold

jewelry brands purchased gold and diamonds according to their product needs and then entrusted gold jewelry

processing plants for processing and delivered the inspected and qualified finished products to downstream

customers after making product certificate for them. Through the integration of upstream supplier resources and

downstream customer resources the turnover speed of gold jewelry products in upstream and downstream has

been improved the cost of circulation has been reduced and the overall competitive advantage of upstream and

downstream has formed. (2) Bicycle and new-energy lithium battery material business includes production

assembly procurement and sales of bicycles and electric bicycles and procurement sales and consigned

processing of lithium batteries materials etc.

3. Main accounting data and financial indexes

(1) Main accounting data and financial indexes for recently three years

Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed

and accounting error correction or not

□Yes □No

In RMB

Changes at end of the

current year compared

Year-end of 2023 Year-end of 2022 Year-end of 2021

with the end of

previous year (+-)

Total assets 369677494.32 397253487.93 -6.94% 97363437.22

Net assets attributable

to shareholder of listed 308761246.16 290129318.51 6.42% 8918538.16

company

Changes in the current

2023 2022 year over the previous 2021

year (+-)

Operation revenue 568481907.92 444762238.25 27.82% 165246577.95

Net profit attributable

to shareholders of the 17901948.24 -7616378.75 335.05% -1986692.82

listed company

Net profit attributable

to shareholders of the

listed company after

18493684.11-7644167.31341.93%-4548872.83

deducting non-

recurring gains and

losses

Net cash flow arising

from operating 29972830.62 -261419066.03 111.47% 15673932.87

activities

Basic

0.03-0.01400.00%-0.004

EPS(RMB/Share)

2Summary of Annual Report 2023

Diluted

0.03-0.01400.00%-0.004

EPS(RMB/Share)

Weighted average ROE 6.22% -14.30% 20.52% -20.04%

（2）Quarterly main financial index

In RMB

Q 1 Q 2 Q 3 Q 4

Operation revenue 151527917.92 141471244.58 55503482.91 219979262.51

Net profit attributable

to shareholders of the 2848657.72 2013641.18 191639.21 12848010.13

listed company

Net profit attributable

to shareholders of the

listed company after

3066157.711927209.6341781.3013458535.47

deducting non-

recurring gains and

losses

Net cash flow arising

from operating -7545878.64 -27818495.02 -4622651.82 69959856.10

activities

Whether there are significant differences between the above-mentioned financial index or its total number and

the relevant financial index disclosed in the company’s quarterly report and semi-annual report

□Yes □No

4. Share capital and shareholders

(1) Particulars about common stock shareholders preference shareholders with voting rights recovered

and top ten shareholders

In RMB

Total

Total

preferred

common

shareholder

Total shareholder Total preferred

s with

common s at end of shareholders with voting

voting

shareholder 40022 last month 75669 0 rights recovered at end of 0

rights

s at end of before last month before annual

recovered

the Period annual report disclosed

at end of

report

reporting

disclosed

periodTop ten shareholders（Excluding shares lent through refinancing)Information of shares

Name of Proportion

Nature of Amount of restricted

Shareholde of shares pledged tagged or frozen Amount of shares held

shareholder

rs held shares held State of Amount

share

Wansheng Domestic

Industrial non-state-

Not

Holdings owned 20.00% 137836986 137836986 0

applicable

(Shenzhen) legal

Co. Ltd. person

Shenzhen Domestic Not

9.22%6350874700

Guosheng non-state- applicable

3Summary of Annual Report 2023

Energy owned

Investment legal

Developme person

nt Co. Ltd.UOB Kay

Foreign

Hian (Hong Not

legal 2.51% 17284885 0 0

Kong) applicable

person

Limited

Guosen

Securities Foreign

Not

(HK) legal 2.02% 13909425 0 0

applicable

Brokerage person

Co. Ltd.Shenwan

Hongyuan

Foreign

Securities Not

legal 1.20% 8281156 0 0

(Hong applicable

person

Kong) Co.Ltd.Lhasa Domestic

Xingqing non-state-

Not

Network owned 0.67% 4600255 0 0

applicable

Technology legal

Co. Ltd. person

Domestic

Not

Li Huili nature 0.56% 3891124 0 0

applicable

person

Domestic

Ge Not

nature 0.44% 3050452 0 0

Zhiqiong applicable

person

Domestic

Not

Xu Hongbo nature 0.42% 2927319 0 0

applicable

person

China

Merchants Foreign

Not

Securities legal 0.42% 2894135 0 0

applicable

(HK) Co. person

Ltd

Li Huili spouse of Ji Hanfei the actual controller of Shenzhen Guosheng Energy Investment

Development Co. Ltd. holding B-share of the Company on behalf of Shenzhen Guosheng Energy

Explanation on associated

Investment Development Co. Ltd. other than that the Company does not know whether the other

relationship among the

outstanding shareholders are related and whether the shareholders belong to persons acting in

aforesaid shareholders

concert regulated in the Administration of Disclosure of Information on the Change of Shareholders

in Listed Companies.Explanation on involving

margin business (if N/A

applicable)

Lending of shares by the top ten shareholders participating in refinancing business

□ Applicable √ Not applicable

The top ten shareholders have changed from the previous period

□ Applicable √ Not applicable

(2) Total preferred stock shareholders of the Company and shares held by top ten shareholders with

preferred stock held

□Applicable □Not applicable

The Company had no shareholders with preferred stock held in the reporting.

4Summary of Annual Report 2023

(3) Property right and controlling relationships between the actual controllers of the Company and the

Company is as follows

5. Bonds in existence as of the approval date of the annual report

□Applicable □Not applicable

III. Important matters

1. Purchasing the minority interest in controlling subsidiary

In order to further integrate resources better optimize the resources allocation and improve competitiveness and

comprehensive strength of the Company in field of jewelry and gold business in June 2023 the Resolution of

Purchasing Minority Interest from Controlling Subsidiary and Related Transactions was deliberated and approved

by the Board and Shareholders’ General Meeting respectively. Based on reference to the (YW Appraisal Zi[2023]

No. 041) Asset Appraisal Report of the Proposed Equity Transfer of Shenzhen Xinsen Jewelry Gold Supply Chain

Co. Ltd Involving the Value of Certain Shareholders’ Interests issued by Yu Wei International Asset Appraisal

(Shenzhen ) Co. Ltd. the Company purchased 35% equity of Xinsen Company held by Zuankinson with 25.55

million yuan. After the purchase the Company holds 100% equity of Xinsen Company which has become a

wholly-owned subsidiary of the Company. Refer to (www.cninfo.com.cn) for details: Announcement on Purchase

of the Minority Interest in Controlling Subsidiary and Related Transactions (Notice No.: 2023-019) dated 7 June

2023. As at the date of the announcement the Company has completed the changing procedures of industrial &

commercial for Xinsen Company. Refer to (www.cninfo.com.cn) for details: Progress of Purchasing Minority

Interest in Controlling Subsidiary dated 11 August 2023.Board of Directors of Shenzhen China Bicycle Company (Holdings) Co. Ltd.April 192024

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