Summary of Annual Report 2025

Shenzhen China Bicycle Company (Holdings) Co. Ltd.Summary of Annual Report 2025

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

As of the end of the reporting period the parent company had unabsorbed losses

□Applicable□ Not applicable

As of the end of the reporting period the parent company has unabsorbed losses . The undistributed profits in the

parent company's balance sheet amount to -1172002115.27 yuan and the undistributed profits in the

consolidated balance sheet amount to -1134676946.45 yuan. According to the Company's articles of association

and cash dividend policy the conditions for profit distribution are not met. Therefore the Company's profits for

2025 will not be distributed nor will capital reserve be converted into share capital.

II. Company information

1. Company profile

Zhonghua A

Short form of the stock Stock Code

Zhonghua B 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

Name Sun Longlong Yu Xiaomin Zhong

1Summary of Annual Report 2025

Xiaojin

8/F Shuibei Jinzuo 8/F Shuibei Jinzuo

Offices add. Building No.89 Beili Building No.89 BeiliNorth 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

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 silver 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 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 2025 Year-end of 2024 Year-end of 2023

with the end of

previous year (+-)

Total assets(RMB) 478004242.28 434452097.75 10.02% 369677494.32

Net assets attributable

to shareholder of listed 384260187.21 343761246.16 11.78% 308761246.16

company (RMB)

Changes in the current

2025 2024 year over the previous 2023

year (+-)

Operation

735877268.75579869315.8826.90%568481907.92

revenue(RMB)

Net profit attributable

to shareholders of the 41129172.17 16845245.59 144.16% 17901948.24

listed company (RMB)

2Summary of Annual Report 2025

Net profit attributable

to shareholders of the

listed company after

40804629.4915219725.25168.10%18493684.11

deducting non-

recurring gains and

losses(RMB)

Net cash flow arising

from operating -19515276.55 -17152733.19 -13.77% 29972830.62

activities(RMB)

Basic

0.060.02200.00%0.03

EPS(RMB/Share)

Diluted

0.060.02200.00%0.03

EPS(RMB/Share)

Weighted average ROE 11.30% 5.31% 5.99% 6.22%

（2）Quarterly main financial index

In RMB

Q 1 Q 2 Q 3 Q 4

Operation revenue 160342458.39 159601158.24 257730546.79 158203105.33

Net profit attributable

to shareholders of the 5904967.75 12665809.89 12366492.72 10191901.81

listed company

Net profit attributable

to shareholders of the

listed company after

5368618.8412567128.9611961858.8210907022.87

deducting non-

recurring gains and

losses

Net cash flow arising

from operating -44880425.54 6377003.05 -16510066.85 35498212.79

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

Total common preferred shareholders with

shareholders

Total common shareholders voting rights

at end of last

shareholders at end 48682 46956 with voting 0 recovered at end of 0

month before

of the Period rights last month before

annual report recovered at annual report

disclosed end of disclosed

reporting

3Summary of Annual Report 2025

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

Name of Nature of Proportion of

Shareholders shareholder shares held Amount of shares held restricted shares

pledged tagged or frozen

held State of

share Amount

Wansheng Industrial Domestic

Holdings non-state- Not

20.00%13783698600

(Shenzhen) Co. owned legal applicable

Ltd. person

Shenzhen Guosheng Domestic

Energy Investment non-state-

9.22% 63508747 0 Pledge 63508747

Development Co. owned legal

Ltd. person

UOB Kay Hian

Foreign Not

(Hong Kong) 5.92% 40817329 0 0

legal person applicable

Limited

China Merchants

Foreign Not

Securities (HK) Co. 3.83% 26425174 0 0

legal person applicable

Ltd

Guosen Securities

Foreign Not

(HK) Brokerage 3.04% 20983693 0 0

legal person applicable

Co. Ltd.Shenwan Hongyuan

Foreign Not

Securities (Hong 1.20% 8279256 0 0

legal person applicable

Kong) Co. Ltd.Domestic

Not

Li Huili nature 0.56% 3891124 0 0

applicable

person

BARCLAYS Foreign Not

0.56%386270000

BANK PLC legal person applicable

Goldman Sachs

Foreign Not

International－ 0.51% 3528234 0 0

legal person applicable

Self-fund

China Agricultural

Bank Co. Ltd.－

Yongying CSI

SHSZHK Gold

Not

Industry Stock Other 0.50% 3460000 0 0

applicable

Exchange-Trading

Open-Ended Index

Securities

Investment Fund

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

Explanation on associated Shenzhen Guosheng Energy Investment Development Co. Ltd. other than that the

relationship among the aforesaid Company does not know whether the other outstanding shareholders are related and

shareholders whether the shareholders belong to persons acting in concert regulated in the

Administration of Disclosure of Information on the Change of Shareholders in Listed

Companies.Explanation on involving margin

N/A

business (if applicable)

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

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

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

Kong) Limited as of December 31 2025 UOB Kay Hian (Hong Kong) Limited held 40817329 B shares of Shenshen China

4Summary of Annual Report 2025

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

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

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

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

borrowing business

□ Applicable √ Not applicable

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

with the previous period due to the securities lending/returning of shares in securities lending and borrowing

business

□ 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.

(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. Regarding the Adjustment of the Company's Organizational Structure and the Amendment of the Articles of

Association

On December 3 and December 19 2025 the Company held the 22nd (extraordinary) meeting of the 11th Board

of Directors and the first extraordinary general meeting of shareholders in 2025 respectively in which the

5Summary of Annual Report 2025

proposals regarding the adjustment of the Company's organizational structure the amendment of the Articles of

Association and the revision of other related systems were reviewed and approved. In accordance with the

requirements of The Company Law the "Transitional Arrangements for the Implementation of Supporting

System Rules of the New Company Law" the Guidelines for Articles of Association of Listed Companies the

Shenzhen Stock Exchange Listing Rules and the Shenzhen Stock Exchange's Self-Regulatory Guidelines No. 1

– Standardized Operations of Main Board Listed Companies and in consideration of the Company's actual

situation the Company decided that the Audit Committee would exercise the powers of the Supervisory Board

as stipulated by The Company Law and adjustments would be made to the organizational structure. Meanwhile

the relevant provisions of the Articles of Association and the corresponding systems were amended. For details

please refer to the relevant announcements disclosed by the Company on Cninfo website on December 4 and

December 20 2025.

2. Matters Regarding the Performance Commitment

According to the "Cooperation Agreement" signed by the Company with Wansheng Industry and Guosheng

Energy on December 14 2020 and the unqualified audit report with report No. 25016130011(2026)Huaxing

Audit-issued by Huaxing Certified Public Accountants (LLP) on April 17 2026 the net profit attributable to the

owners of the parent company of Shenzhen China Bicycle for the year 2025 was RMB 41.1292 million which

exceeded the performance commitment of RMB 40.00 million. The performance commitment completion rate

was 102.82% and Wansheng Industry has fulfilled the 2025 performance commitment target. For details

please refer to the Company's announcement titled "Announcement on the Completion of the 2025 Performance

Commitment of Wansheng Industry Holdings (Shenzhen) Co. Ltd." disclosed on Cninfo website on April 21

2026.

Given that Wansheng Industrial has fulfilled the performance commitment (including performance

compensation) under the "Cooperation Agreement" as of the date of this announcement Wansheng Industrial's

voluntary commitment made in November 2025 not to reduce its shareholding has been fully performed. For

details please refer to the "Announcement on the Voluntary Commitment of the Controlling Shareholder Not to

Reduce the Company's Shares" disclosed by the Company on Cninfo website on November 5 2025.

3. Matters Regarding the Lifting of Restrictions on Restricted Shares

According to the approval from the China Securities Regulatory Commission on 'Approval for the Non-

Public Issuance of Shares by Shenzhen China Bicycle (Group) Co. Ltd.' (No. 3552[2021]CSRC 'Approval) the

Company non-publicly issued 137836986 RMB ordinary shares to Wansheng Industrial with a lock-upperiod

of 36 months from the listing date of the issued shares. The restricted shares from this issuance were lifted for

trading on November 7 2025. For details please refer to the Company's Prompting Announcement on the

Lifting of Lock-Up and Circulation of Non-Publicly Issued Shares' disclosed on November 5 2025.

4. Regarding the Pledge of Shares by Shareholders Holding More than 5% of the Company

In late November 2025 the Company received a notification from Guosheng Energy a shareholder holding

more than 5% of the Company’s shares informing that it had completed the pledge procedures for its shares in

the Company at the Shenzhen Branch of Shanghai Pudong Development Bank Co. Ltd. For details please refer

to the Company’s "Announcement on the Pledge of Shares by the Shareholder Holding More than 5% shares of

the Company" disclosed on Cninfo website on November 27 2025. During the current reporting period the

contract has been normally fulfilled.The Board of Directors of Shenzhen China Bicycle Company (Holdings) Co. Ltd.April 172026

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