深圳中华自行车（集团）股份有限公司2022年第三季度报告

Stock code: 000017 200017 Notice No.: 2022-029

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

Shenzhen China Bicycle Company (Holdings) Limited

The Third Quarterly Report for 2022

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

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

omissions.Important content reminder:

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

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

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

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

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

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

and complete.

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

□Yes √No

I. Main financial data

(i) Main accounting data and financial indexes

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

□Yes √No

Increase/decrease from

Increase/decrease in the

year-begin to period-end

period compared with the

Current period Year-begin to period-end compared with the same

same period of the

period of the previous

previous year

year

Operating income (Yuan) 42497879.73 45.97% 149163326.31 79.19%

Net profit attributable to

shareholders of the listed 2695178.23 368.08% 1211813.81 -37.58%

company (Yuan)

Net profit attributable to

shareholders of the listed

company after deducting 2327827.29 612.21% 51913.15 -157.84%-

non-recurring gains and

losses (Yuan)

Net cash flow arising

from operating activities — — -15197714.21 160.93%

(Yuan)

Basic earnings per share 0.0049 390.00% 0.0022 -37.14%

1深圳中华自行车（集团）股份有限公司2022年第三季度报告

(Yuan /Share)

Diluted earnings per

0.0049390.00%0.0022-37.14%

share (Yuan /Share)

Weighted average ROE 30.69% 26.11% 12.72% -3.63%

Increase/decrease at the period-end compared with

End of current period End of previous year

the end of the previous year

Total assets (Yuan) 101750042.82 97363437.22 4.51%

Net assets attributable to

shareholder of listed 10130351.97 8918538.16 13.59%

company (Yuan)

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

√ Applicable □ Not applicable

Unit: Yuan

Amount from

Item Amount for the period year-begin to Note

period-end

Government subsidy recorded in current gains/losses

(except those closely related to the Company’s

normal operation and those continuously enjoyed on 153395.80

a fixed or quantitative basis with certain standards in

accordance with national policy regulations)

Reversal of the account receivable depreciation

66000.00787987.00

reserves subject to separate impairment test

Other non-operating income and expenses other than

435389.52659618.36

the above

Less: impact on income tax 20709.15 26764.35

Impact on minority shareholders’ equity

113329.43414336.15

(post-tax)

Total 367350.94 1159900.66 --

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

□ Applicable √ Not applicable

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

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

2深圳中华自行车（集团）股份有限公司2022年第三季度报告

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

reasons

√ Applicable □Not applicable

Item Period-end or the Period-begin or last Year-on-year Reason for change

Period period increase and

decrease

Operating income 149163326.31 83243710.49 79.19% Income from jewelry and gold business growth

Operating costs 138106342.56 74415444.07 85.59% Costs from jewelry and gold business growth

Sales expense 3365288.77 1386181.37 142.77% Expenses from jewelry and gold business growth

Administrative expenses 5615729.65 3765804.02 49.12% Expenses from jewelry and gold business growth

R&D expenses 819436.21 3373918.21 -75.71% The expenses from R&D declined

Credit impairment loss 232267.80 1356010.98 -82.87% Last period reversal of the bad debt that accrual

(loss is "-") independently

Net profit attributable to 1211813.81 1941282.30 -37.58% Decline of the net profit from parent company

shareholders of the parent

company

Net cash flow from -15197714.21 -5824421.10 160.93% The inventory from purchasing the golds and

operating activities jewelry in the Period

Monetary capital 20645895.89 33246957.92 -37.90% The inventory from purchasing the golds and

jewelry for business activities

Stock 14737540.55 8248573.77 78.67% Growth of the inventory in business of golds and

jewelry

Accounts payable 14377670.74 8297306.34 73.28% Growth of the payable from golds and jewelry

business

II. Shareholders Information

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

top ten common shareholders

Unit: Share

Total preference shareholders

Total common shareholders at the with voting rights recovered at

471790

end of report period end of reporting period (if

applicable)

Top ten shareholders

Amount of Information of shares pledged

Shareholder’s Nature of Proportion of Amount of shares

restricted shares tagged or frozen

name shareholder shares held held

held State of share Amount

Shenzhen

Guosheng Energy Domestic

Investment non-state-owned 11.52% 63508747 0 - -

Development legal person

Co. Ltd.UOB Koy Hian

Foreign legal

(Hong Kong) 2.89% 15907850 0 - -

person

Co. Ltd.Guosen Securities

(Hong Kong) Foreign legal

2.52%139094250--

brokerage Co. person

Ltd.Shenwan Foreign legal

Hongyuan 1.50% 8281156 0 - -

person

Securities (Hong

3深圳中华自行车（集团）股份有限公司2022年第三季度报告

Kong) Co. Ltd.Lhasa Xingqing

Domestic

Network

non-state-owned 0.83% 4600255 0 - -

Technology Co.legal person

Ltd.Domestic nature

Li Huili 0.71% 3891124 0 - -

person

Domestic nature

Ge Zhiqiong 0.55% 3050452 0 - -

person

Domestic nature

Xu Hongbo 0.53% 2927319 0 - -

person

China Merchants

Foreign legal

Securities (Hong 0.52% 2894135 0 - -

person

Kong) Co. Ltd.Shenzhen China

Bicycle Company

(Holdings)

Domestic

Limited -Special

non-state-owned 0.47% 2602402 0 - -

account for

legal person

property disposal

of bankrupt

enterprise

Top ten shareholders with unrestricted shares held

Type of shares

Shareholder’s name Amount of unrestricted shares held

Type Amount

Shenzhen Guosheng Energy RMB common

6350874763508747

Investment Development Co. Ltd. shares

Domestically

UOB Koy Hian (Hong Kong) Co.

15907850 listed foreign 15907850

Ltd.shares

Domestically

Guosen Securities (Hong Kong)

13909425 listed foreign 13909425

brokerage Co. Ltd.shares

Domestically

Shenwan Hongyuan Securities

8281156 listed foreign 8281156

(Hong Kong) Co. Ltd.shares

Lhasa Xingqing Network RMB common

46002554600255

Technology Co. Ltd. shares

Domestically

Li Huili 3891124 listed foreign 3891124

shares

Domestically

Ge Zhiqiong 3050452 listed foreign 3050452

shares

Domestically

Xu Hongbo 2927319 listed foreign 2927319

shares

Domestically

China Merchants Securities (Hong

2894135 listed foreign 2894135

Kong) Co. Ltd. shares

RMB common

Shenzhen China Bicycle Company 1383313 shares

(Holdings) Limited -Special account

2602402

for property disposal of bankrupt Domestically

enterprise listed foreign 1219089

shares

4深圳中华自行车（集团）股份有限公司2022年第三季度报告

Li Huili spouse of the Ji Hanfei the actual controller of he Company- Shenzhen Guosheng

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

Explanation on associated

Shenzhen Guosheng Energy Investment Development Co. Ltd. beyond that the Company

relationship among the aforesaid

has no idea of whether other circulated shareholders belong to concerted action persons ruled

shareholders

in the Administration Norms for Information Disclosure of Change on Shareholding of

Shareholders of Listed Companies.Explanation on top 10 shareholders

involving margin business (if N/A

applicable)

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

stock held

□ Applicable √ Not applicable

III. Other significant events

√ Applicable □ Not applicable

1. Planning the non-public offering of the shares

On December 30 2020 the company held the third extraordinary general meeting of shareholders in 2020 reviewed and approved

the new plan for non-public issuance of A shares and planned to raise funds from Wansheng Industry Company through non-public

issuance of shares of total amount not exceeding 293.6 million yuan which would be used to replenish working capital after

deducting the issuance expenses and this issuance will lead to changes in the company’s control. On October 25 2021 the

company’s application for the non-public issuance of A shares was reviewed and approved by the Issuance Appraisal Commission of

the China Securities Regulatory Commission (hereinafter referred to as the CSRC). On November 11 2021 the company received

the Approval for the Non-public Issuance of Shares by Shenzhen China Bicycle (Group) Co. Ltd. (ZJXK [2021] No. 3552) issued by

the CSRC and the validity period of the approval is 12 months from the date of approval for the issuance. Relevant work is currently

in progress.

2. Lawsuits of the Company

On February 23 2022 the company received the Subpoena (2022) Yue 0303 Min Chu No. 3787 Complaint Notice of Response

Civil Ruling Paper (2020) Yue 0303 Zhi Bao No. 498 and other legal documents from Shenzhen Luohu District People’s Court

which has accepted the lawsuit brought by the plaintiff Shenzhen Jianzhi Industrial Development Co. Ltd. against the company on

the grounds of “joint venture and cooperative development of real estate contract disputes” the amount involved was 30.859 million

yuan. At the same time the company has filed a counterclaim against Shenzhen Jianzhi Industrial Development Co. Ltd. appealing

payment of 6 million yuan in project returns. The above case was held at the Luohu Court of Shenzhen on the morning of May 11

2022 and the counterclaim was held at the same time as the present claim and no judgement was pronounced in court. On August 19

2022 the Company received a “Paper of Civil Judgment”(2022) Yue 0303 MC No.3787 from Luohu People’s Court of Shenzhen

Guangdong Province found more in “Notice on Progress of the Lawsuit” (Notice No.: 2022-019) released on Juchao Website dated

August 23 2022. Pursuit to the first-instance judgement from Luohu People’s Court of Shenzhen Guangdong Province the case will

not have material adverse impact on the current profit of the Company or profit after the period. The Company proceed with an

appeal on August 29 2022 and request Jianzhi Industrial to pay the 6 million yuan income. As of the reporting period the second

trial has not yet been heard the company shall timely fulfill the corresponding information disclosure obligations according to the

progress of the lawsuit. Investors are advised to pay attention to investment risks.

5深圳中华自行车（集团）股份有限公司2022年第三季度报告

IV. Quarterly financial statements

(i) Financial statement

1. Consolidate balance sheet

Prepared by Shenzhen China Bicycle Company (Holdings) Limited

September 30 2022

Unit: Yuan

Item September 30 2022 January 1 2022

Current assets:

Monetary fund 20645895.89 33246957.92

Settlement provisions

Capital lent

Trading financial assets

Derivative financial assets

Note receivable 650000.00

Account receivable 58521345.85 46850083.59

Receivable financing

Accounts paid in advance 551882.24 1300408.57

Insurance receivable

Reinsurance receivables

Contract reserve of reinsurance

receivable

Other account receivable 667067.93 494695.27

Including: Interest receivable

Dividend receivable

Buying back the sale of financial

assets

Inventories 14737540.55 8248573.77

Contractual assets

Assets held for sale

Non-current asset due within one

year

Other current assets 1180214.29 1814200.53

Total current assets 96953946.75 91954919.65

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

6深圳中华自行车（集团）股份有限公司2022年第三季度报告

Fixed assets 3180286.56 3439212.00

Construction in progress

Productive biological asset

Oil and gas asset

Right-of-use assets 1151762.84 1505258.90

Intangible assets

Expense on Research and

Development

Goodwill

Long-term expenses to be

apportioned

Deferred income tax asset 64046.67 64046.67

Other non-current asset 400000.00 400000.00

Total non-current asset 4796096.07 5408517.57

Total assets 101750042.82 97363437.22

Current liabilities:

Short-term loans

Loan from central bank

Capital borrowed

Trading financial liability

Derivative financial liability

Note payable

Account payable 14377670.74 8297306.34

Accounts received in advance

Contractual liability 361126.93 124328.07

Selling financial asset of

repurchase

Absorbing deposit and interbank

deposit

Security trading of agency

Security sales of agency

Wage payable 934689.79 923477.10

Taxes payable 1041050.21 911506.52

Other account payable 57575782.09 61407301.04

Including: Interest payable

Dividend payable

Commission charge and

commission payable

Reinsurance payable

Liability held for sale

Non-current liabilities due within

1234592.391456782.04

one year

Other current liabilities 195.63 11700.06

Total current liabilities 75525107.78 73132401.17

Non-current liabilities:

7深圳中华自行车（集团）股份有限公司2022年第三季度报告

Insurance contract reserve

Long-term loans

Bonds payable

Including: Preferred stock

Perpetual capital

securities

Lease liability 38957.32 228302.37

Long-term account payable

Long-term wages payable

Accrual liability

Deferred income

Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 38957.32 228302.37

Total liabilities 75564065.10 73360703.54

Owner’s equity:

Share capital 551347947.00 551347947.00

Other equity instrument

Including: Preferred stock

Perpetual capital

securities

Capital public reserve 627834297.85 627834297.85

Less: Inventory shares

Other comprehensive income

Reasonable reserve

Surplus public reserve 32673227.01 32673227.01

Provision of general risk

Retained profit -1201725119.89 -1202936933.70

Total owner’ s equity attributable to

10130351.978918538.16

parent company

Minority interests 16055625.75 15084195.52

Total owner’ s equity 26185977.72 24002733.68

Total liabilities and owner’ s equity 101750042.82 97363437.22

Legal Representative: Li Hai

Person in charge of Accounting Works: Sun Longlong

Person in charge of Accounting Institution: Zhong Xiaojin

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

Unit: Yuan

Item Current period Last period

I. Total operating income 149163326.31 83243710.49

8深圳中华自行车（集团）股份有限公司2022年第三季度报告

Including: Operating income 149163326.31 83243710.49

Interest income

Insurance gained

Commission charge and

commission income

II. Total operating cost 147912822.83 82925156.41

Including: Operating cost 138106342.56 74415444.07

Interest expense

Commission charge and

commission expense

Cash surrender value

Net amount of expense of

compensation

Net amount of withdrawal of

insurance contract reserve

Bonus expense of guarantee

slip

Reinsurance expense

Tax and extras 55441.13 55786.17

Sales expense 3365288.77 1386181.37

Administrative expense 5615729.65 3765804.02

R&D expense 819436.21 3373918.21

Financial expense -49415.49 -71977.43

Including: Interest

expenses

Interest income -71657.13 -97043.54

Add: other income 153395.80 2516.00

Investment income (Loss is

listed with “-”)

Including: Investment income

on affiliated company and joint venture

The termination of income

recognition for financial assets measured

by amortized cost (Loss is listed with “-”)

Exchange income (Loss is

listed with “-”)

Net exposure hedging income

(Loss is listed with “-”)

Income from change of fair

value (Loss is listed with “-”)

Loss of credit impairment

232267.801356010.98

(Loss is listed with “-”)

Losses of devaluation of asset

60509.73

(Loss is listed with “-”)

Income from assets disposal

(Loss is listed with “-”)

III. Operating profit (Loss is listed with

1636167.081737590.79

“-”)

Add: Non-operating income 1829385.90 724960.80

Less: Non-operating expense 1169767.54 82791.00

9深圳中华自行车（集团）股份有限公司2022年第三季度报告

IV. Total profit (Loss is listed with “-”) 2295785.44 2379760.59

Less: Income tax expense 112541.40 177099.91

V. Net profit (Net loss is listed with “-”) 2183244.04 2202660.68

(i) Classify by business continuity

1.continuous operating net profit

2183244.042202660.68(net loss listed with ‘-”)

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

(ii) Classify by ownership

1.Net profit attributable to owner’s

of parent company (net loss listed with 1211813.81 1941282.30‘-”)

2.Minority shareholders’ gains and

971430.23261378.38losses (net loss listed with ‘-”)

VI. Net after-tax of other comprehensive

income

Net after-tax of other comprehensive

income attributable to owners of parent

company

(i) Other comprehensive income

items which will not be reclassified

subsequently to profit of loss

1.Changes of the defined

benefit plans that re-measured

2.Other comprehensive

income under equity method that cannot

be transfer to gain/loss

3.Change of fair value of

investment in other equity instrument

4.Fair value change of

enterprise's credit risk

5. Other

(ii) Other comprehensive income

items which will be reclassified

subsequently to profit or loss

1.Other comprehensive

income under equity method that can

transfer to gain/loss

2.Change of fair value of

other debt investment

3.Amount of financial assets

re-classify to other comprehensive

income

4.Credit impairment

provision for other debt investment

5.Cash flow hedging reserve

6.Translation differences

arising on translation of foreign currency

financial statements

7.Other

Net after-tax of other comprehensive

income attributable to minority

shareholders

VII. Total comprehensive income 2183244.04 2202660.68

10深圳中华自行车（集团）股份有限公司2022年第三季度报告

(i) Total comprehensive income

1211813.811941282.30

attributable to owners of parent Company

(ii) Total comprehensive income

971430.23261378.38

attributable to minority shareholders

VIII. Earnings per share:

(i) Basic earnings per share 0.0022 0.0035

(ii) Diluted earnings per share 0.0022 0.0035

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

realized 0.00 Yuan at last period for combined party

Legal Representative: Li Hai

Person in charge of Accounting Works: Sun Longlong

Person in charge of Accounting Institution: Zhong Xiaojin

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

Unit: Yuan

Item Current period Last period

I. Cash flows arising from operating

activities:

Cash received from selling

commodities and providing labor 152183072.33 77209161.86

services

Net increase of customer deposit

and interbank deposit

Net increase of loan from central

bank

Net increase of capital borrowed

from other financial institution

Cash received from original

insurance contract fee

Net cash received from reinsurance

business

Net increase of insured savings

and investment

Cash received from interest

commission charge and commission

Net increase of capital borrowed

Net increase of returned business

capital

Net cash received by agents in sale

and purchase of securities

Write-back of tax received 844213.44 1653129.81

Other cash received concerning

8637599.859798843.06

operating activities

Subtotal of cash inflow arising from

161664885.6288661134.73

operating activities

Cash paid for purchasing

commodities and receiving labor 154426183.07 73582783.96

service

Net increase of customer loans and

11深圳中华自行车（集团）股份有限公司2022年第三季度报告

advances

Net increase of deposits in central

bank and interbank

Cash paid for original insurance

contract compensation

Net increase of capital lent

Cash paid for interest commission

charge and commission

Cash paid for bonus of guarantee

slip

Cash paid to/for staff and workers 6056296.15 6471234.93

Taxes paid 710149.53 731237.64

Other cash paid concerning

15669971.0813700299.30

operating activities

Subtotal of cash outflow arising from

176862599.8394485555.83

operating activities

Net cash flows arising from operating

-15197714.21-5824421.10

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

43052.035957.99

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 outflow from investing

43052.035957.99

activities

Net cash flows arising from investing

-43052.03-5957.99

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

12深圳中华自行车（集团）股份有限公司2022年第三季度报告

Other cash received concerning

financing activities

Subtotal of cash inflow from financing

activities

Cash paid for settling debts

Cash paid for dividend and profit

distributing or interest paying

Including: Dividend and profit of

minority shareholder paid by

subsidiaries

Other cash paid concerning

336310.70

financing activities

Subtotal of cash outflow from financing

336310.70

activities

Net cash flows arising from financing

-336310.70

activities

IV. Influence on cash and cash

equivalents due to fluctuation in

exchange rate

V. Net increase of cash and cash

-15577076.94-5830379.09

equivalents

Add: Balance of cash and cash

33246957.9219887978.05

equivalents at the period-begin

VI. Balance of cash and cash

17669880.9814057598.96

equivalents at the period-end

(ii) Audit report

Whether the 3rd quarterly report has been audited or not

□Yes √ No

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

Shenzhen China Bicycle Company (Holdings) Limited

October 27 2022

13