The First Quarterly Report of 2026

Stock code: 000017 200017 Short form of the stock: Zhonghua-A Zhonghua-B

Notice No.: 2026-013

Shenzhen China Bicycle Company (Holdings) Co. Ltd.The First Quarterly Report of 2026

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. The Board of Directors directors and senior management guarantee that the information presented in this

report is true accurate and complete without false records misleading statements or material omissions and

will undertake individual and joint legal liabilities.

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

(Accounting Principal) hereby confirm that the Financial Report of the First Quarterly Report is authentic

accurate and complete.

3.Whether the First Quarterly Report is audited

□Yes □No

I. Main financial data

(1) Main accounting data and financial indexes

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

□Yes □No

Increase or decrease in the

current Period compared with

Current Period Same period of previous year

the same period of previous

year (%)

Operation revenue(RMB) 132098160.77 160342458.39 -17.61%

Net profit attributable to

shareholders of the listed 6115610.10 5904967.75 3.57%

company (RMB)

Net profit attributable to

shareholders of the listed

company after deducting non- 4590158.18 5368618.84 -14.50%

recurring gains and

losses(RMB)

Net cash flow arising from

-43013380.86-44880425.544.16%

operating activities(RMB)

Basic EPS(RMB/Share) 0.0089 0.0086 3.49%

Diluted EPS(RMB/Share) 0.0089 0.0086 3.49%

Weighted average ROE 1.58% 1.70% -0.12%

Increase or decrease at end of

End of current Period End f previous year

the current Period compared

1The First Quarterly Report of 2026

with the end of previous year

(%)

Total assets(RMB) 499060896.05 478004242.28 4.41%

Owners’ equity attributable to

shareholders of listed 390344696.66 384260187.21 1.58%

company(RMB)

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

□Applicable □Not applicable

In RMB

Item Current amount Note

Non-current asset disposal

gain/loss(including the write-off part for

-74667.40

which assets impairment provision is

made)

Switch-back of provision of impairment

of account receivable which are treated 3000.00

with separate depreciation test

Net amount of non-operating income and

2104481.29

expense except the aforesaid items

Less :Influenced amount of income tax 523980.40

Influenced amount of minor

-16618.43

shareholders’ equity (after tax)

Total 1525451.92 --

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

□Applicable □Not applicable

The Company does not have other gain/loss items that qualified the definition of non-recurring profit

(gains)/lossesExplanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosurefor Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss

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

recurring gain/loss

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

reasons

□Applicable □Not applicable

In RMB

Period-end/current Period-begin/previous

Item Y-o-y changes (+-) Cause of change

period period

The increase of goods stock

Monetary fund 47622121.68 75474633.65 -36.90%

preparation in the current period

The increase of input tax to be

Other current assets 5947644.99 372060.27 1498.57%

certified in the current period

New short-term borrowings in the

Short-term borrowings 33300000.00 23450000.00 42.00%

current period

Absorb the investment funds of

Minority shareholders’

15119369.83 9619722.67 57.17% minority shareholders in the

equity

current period

Subtotal of cash in-flow

Higher accounts collection in the

arising from operation 156331060.32 319260863.87 -51.03%

prior period

activity

Subtotal of cash out-flow

Higher purchase expenditure for

arising from operation 199344441.18 364141289.41 -45.26%

last-period inventory preparation.activity

2The First Quarterly Report of 2026

Absorb the investment funds of

Net cash flow generated

15178587.57 -300000.00 5159.53% minority shareholders in the

by financing

current period

II. Shareholders

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

top ten shareholders

In Shares

Total common shareholders at end of the Total preferred shareholders with voting rights

469560

Period recovered at end of reporting period (if applicable)Top ten shareholders（Excluding shares lent through refinancing)Pledging or freezing

Amount of

tradable shares

Properties Share

Full name of Shareholders of proporti Quantity with Status of the

Quantity

shareholder on % shares

Conditional

held

Domestic

Wansheng Industrial

non-state-

Holdings (Shenzhen) Co. 20.00% 137836986 0 Not applicable 0

owned legal

Ltd.person

Domestic

Shenzhen Guosheng

non-state-

Energy Investment 9.22% 63508747 0 Pledge 63508747

owned legal

Development Co. Ltd.person

UOB Kay Hian (Hong Foreign

5.92% 40817329 0 Not applicable 0

Kong) Limited(Note 1) legal person

China Merchants Foreign

4.18% 28805774 0 Not applicable 0

Securities (HK) Co. Ltd legal person

Guosen Securities (HK) Foreign

3.04% 20983693 0 Not applicable 0

Brokerage Co. Ltd. legal person

Funde Property &

Casualty Insurance Co. Other 2.78% 19186200 0 Not applicable 0

Ltd.－Self fund

Shenwan Hongyuan

Foreign

Securities (Hong Kong) 1.20% 8279256 0 Not applicable 0

legal person

Co. Ltd.Domestic

Li Huili nature 0.56% 3891124 0 Not applicable 0

person

China Agricultural Bank

Co. Ltd.－Yongying CSI

SHSZHK Gold Industry

Stock Exchange-Trading Other 0.47% 3216200 0 Not applicable 0

Open-Ended Index

Securities Investment

Fund

Goldman Sachs Foreign

0.44% 3022574 0 Not applicable 0

International －Self-fund legal person

Shares held by the Top 10 Shareholders of Non-restricted shares(Excluding shares lent through refinancing and

Top management lock-in stock)

Amount of un-restrict shares held at Period- Type of shares

Shareholders’ name

end Type Amount

3The First Quarterly Report of 2026

Wansheng Industrial Holdings RMB common

137836986137836986

(Shenzhen) Co. Ltd. shares

Shenzhen Guosheng Energy Investment RMB common

6350874763508747

Development Co. Ltd. shares

Domestically

UOB Kay Hian (Hong Kong) Limited 40817329 listed foreign 40817329

shares

Domestically

China Merchants Securities (HK) Co.

28805774 listed foreign 28805774

Ltd

shares

Domestically

Guosen Securities (HK) Brokerage Co.

20983693 listed foreign 20983693

Ltd.shares

Funde Property & Casualty Insurance RMB common

1918620019186200

Co. Ltd.－Self fund shares

Domestically

Shenwan Hongyuan Securities (Hong

8279256 listed foreign 8279256

Kong) Co. Ltd.shares

Domestically

Li Huili 3891124 listed foreign 3891124

shares

China Agricultural Bank Co. Ltd.－

Yongying CSI SHSZHK Gold Industry RMB common

32162003216200

Stock Exchange-Trading Open-Ended shares

Index Securities Investment Fund

RMB common

Goldman Sachs International －Self-fund 3022574 3022574

shares

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 Investment

Explanation on associated relationship among the Development Co. Ltd. other than that the Company does not know

aforesaid shareholders whether the other outstanding shareholders are related and whether the

shareholders belong to persons acting in concert regulated in the

Administration of Disclosure of Information on the Change of

Shareholders in Listed Companies.Explanation on top 10 shareholders involving margin

N/A

business (if any) (see note 4)

Note 1: UOB Kay Hian (Hong Kong) Limited is licensed under the Securities and Futures Ordinance of Hong Kong to provide

securities brokerage services to retail and institutional clients. Its main business is Hong Kong stock brokerage and it also

provides securities brokerage and services in various overseas markets. According to the email sent from UOB Kay Hian (Hong

Kong) Limited as of March 31 2026 UOB Kay Hian (Hong Kong) Limited held 40817329 shares of Shenzhen China B shares

for three retail clients and although the shareholding ratio has reached 5.92% the single client does not exceed 5% and the three

retail clients are not acting in concert and do not hold Shenzhen China shares on other platforms.Information of shareholders holding more than 5% of the shares the top 10 shareholders and the top 10

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

borrowing business

□Applicable □Not applicable

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

with the previous period due to the securities lending/returning

□Applicable □Not applicable

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

stock held

□Applicable □Not applicable

4The First Quarterly Report of 2026

III. Important matters

□Applicable □Not applicable

IV. Financial Statement

(i) Financial statement

1. Consolidate Balance Sheet

Prepared by Shenzhen China Bicycle Company (Holdings) Co. Ltd.March 31 2026

In RMB

Item Ending balance Opening balance

Current assets:

Monetary fund 47622121.68 75474633.65

Settlement provisions

Capital lent

Trading financial assets

Derivative financial assets

Note receivable

Account receivable 198993085.99 204782335.88

Receivable financing

Accounts paid in advance 972171.05 1095681.96

Insurance receivable

Reinsurance receivables

Contract reserve of reinsurance

receivable

Other account receivable 1022141.55 818967.94

Receivable financing

Accounts paid in advance

Insurance receivable

Inventory 233239920.49 184690307.34

Including：Data resources

Contractual assets

Assets held for sale

Non-current asset due within one year

Other current assets 5947644.99 372060.27

Total current assets 487797085.75 467233987.04

Non-current assets:

Loans and payments on behalf

Debt investment

Other debt investment

Long-term account receivable

Long-term equity investment 325.34

Investment in other equity instrument

Other non-current financial assets

Investment real estate

5The First Quarterly Report of 2026

Fixed assets 2702875.84 2792361.64

Construction in progress

Productive biological asset

Oil and gas asset

Right-of-use assets 2417077.02 2299304.81

Intangible assets

Including：Data resources

Expense on Research and

Development

Including：Data resources

Goodwill

Long-term expenses to be apportioned

Deferred income tax asset 6143857.44 5678263.45

Other non-current assets

Total non-current assets 11263810.30 10770255.24

Total assets 499060896.05 478004242.28

Current liabilities:

Short-term loans 33300000.00 23450000.00

Loan from central bank

Capital borrowed

Trading financial liability

Derivative financial liability

Note payable

Account payable 6917373.98 3367256.93

Accounts received in advance

Contractual liability 33531.48 67520.83

Selling financial asset of repurchase

Absorbing deposit and interbank deposit

Security trading of agency

Security sales of agency

Wage payable 1530065.56 1428188.47

Taxes payable 6462861.54 9443636.36

Other account payable 42560579.27 43263973.18

Including: Interest payable

Dividend payable

Commission charge and commission

payable

Reinsurance payable

Liability held for sale

Non-current liabilities due within one

1447584.151432886.46

year

Other current liabilities 8777.82

Total current liabilities 92251995.98 82462240.05

Non-current liabilities:

6The First Quarterly Report of 2026

Insurance contract reserve

Long-term loans

Bonds payable

Including: Preferred stock

Perpetual bonds

Lease liability 1344833.58 1662092.35

Long-term account payable

Long-term wages payable

Accrual liability

Deferred income

Deferred income tax liabilities

Other non-current liabilities

Total non-current liabilities 1344833.58 1662092.35

Total liabilities 93596829.56 84124332.40

Owner’s equity:

Share capital 689184933.00 689184933.00

Other equity instrument

Including: Preferred stock

Perpetual bonds

Capital public reserve 797709204.77 797709204.77

Less: Inventory shares

Other comprehensive income -661331.77 -630231.12

Reasonable reserve

Surplus public reserve 32673227.01 32673227.01

Provision of general risk

Retained profit -1128561336.35 -1134676946.45

Total owner’ s equity attributable to

390344696.66384260187.21

parent company

Minority interests 15119369.83 9619722.67

Total owner’ s equity 405464066.49 393879909.88

Total liabilities and owner’ s equity 499060896.05 478004242.28

Legal Representative: Wang Shenghong Person in charge of Accounting Works: Sun Longlong

Person in charge of Accounting Institution: Tan Ningjie

2. Consolidated Profit Statement

In RMB

Item Current period incurred Prior period incurred

I. Total operating revenue 132098160.77 160342458.39

Including: Operating revenue 132098160.77 160342458.39

Interest income

Insurance gained

Commission charge and commission income

II. Total operating cost 123377844.41 152887643.75

Including: Operating cost 117910835.38 147623507.94

Interest expense

Commission charge and commission expense

Cash surrender value

Net amount of expense of compensation

7The First Quarterly Report of 2026

Net amount of withdrawal of insurance contract reserve

Bonus expense of guarantee slip

Reinsurance expense

Tax and surcharge 34861.87 169706.47

Sales expenses 2097839.77 2072718.90

Administrative expenses 2845965.64 2697899.56

R&D expenses 263092.15 199381.38

Financial expenses 225249.60 124429.50

Including: Interest expenses 201258.91 82884.44

Interest income 3599.95 2622.44

Add: Other income

Investment income (Loss is listed with “-”) -74667.40

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 “-”) 5.09 -21.25

Net exposure hedging income (Loss is listed with “-”)Income from change of fair value (Loss is listed with “-”)

Loss of credit impairment (Loss is listed with “-”) 581128.69 -663598.66

Impairment loss on assets(Loss is listed with “-”) -3173919.74

Income from assets disposal (Loss is listed with “-”)

III. Operation profit (Loss is listed with “-”) 6052863.00 6791194.73

Add: Non-operating income 2117041.21 691227.01

Less: Non-operating expense 12559.92 641.04

IV. Total profit (Loss is listed with “-”) 8157344.29 7481780.70

Less: Income tax expense 2067064.58 1518669.02

V. Net profit (Net loss is listed with “-”) 6090279.71 5963111.68

(i) Classify by business continuity

1.Continuous operating net profit (net loss listed with ‘-”) 6090279.71 5963111.68

2.Termination of net profit (net loss listed with ‘-”)

(ii) Classify by ownership

1.Net profit attributable to shareholders of parent

6115610.105904967.75

company

2.Minority shareholders’ gains and losses -25330.39 58143.93

VI. Net other comprehensive income after taxation -31100.65

Net other comprehensive income attributable to owners

-31100.65

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

8The First Quarterly Report of 2026

(ii) Other comprehensive income items which will be

-31100.65

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

-31100.65

currency financial statements

7.Other

Net other comprehensive income attributable to minority

shareholders after taxation

VII. Total comprehensive income 6059179.06 5963111.68

Total comprehensive income attributable to owners of

6084509.455904967.75

parent Company

Total comprehensive income attributable to minority

-25330.3958143.93

shareholders

VIII. Earnings per share:

(i)Basic EPS 0.0089 0.0086

(ii)Diluted EPS 0.0089 0.0086

As for the enterprise combined under the same control net profit of 0 Yuan achieved by the merged party before

combination while 0 Yuan achieved last period.Legal Representative: Wang Shenghong Person in charge of Accounting Works: Sun Longlong

Person in charge of Accounting Institution: Tan Ningjie

3. Consolidated Cash Flow Statement

In RMB

Item Current period incurred Prior period incurred

I. Cash flows arising from operating

activities:

Cash received from selling commodities

154961551.80305444886.11

and providing labor services

Net increase of customer deposit and

interbank deposit

Net increase of loan from central bank

Net increase of capital borrowed from

other financial institution

Cash received from original insurance

contract fee

Net cash received from reinsurance

business

Net increase of insured savings and

investment

Cash received from interest commission

charge and commission

Net increase of capital borrowed

Net increase of capital from repurchase

business

Net cash received by agents in sale and

purchase of securities

Write-back of tax received

Other cash received concerning

1369508.5213815977.76

operating activities

9The First Quarterly Report of 2026

Subtotal of cash in-flow arising from

156331060.32319260863.87

operation activity

Cash paid for purchasing commodities

186136317.31336136880.03

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 2690806.49 2537651.89

Taxes paid 4187063.53 3786492.01

Other cash paid concerning operating

6330253.8521680265.48

activities

Subtotal of cash out-flow arising from

199344441.18364141289.41

operation activity

Net cash flow arising from operating

-43013380.86-44880425.54

activities

II. Cash flows arising from investing

activities:

Cash received from recovering

325.34

investment

Cash received from investment income

Net cash received from disposal of fixed

intangible and other long-term assets

Net cash received from disposal of

subsidiaries and other units

Other cash received concerning investing

activities

Subtotal of cash in-flow arising from

325.34

investment activity

Cash paid for purchasing fixed

1686.0010358.00

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

16363.12

activities

Subtotal of cash out-flow arising from

18049.1210358.00

investment activity

Net cash flow arising from investment

-17723.78-10358.00

activities

III. Cash flows arising from financing

activities:

Cash received from absorbing

14700000.00

investment

Including: Cash received from

absorbing minority shareholders’ 14700000.00

investment by subsidiaries

Cash received from loans 10000000.00

10The First Quarterly Report of 2026

Other cash received concerning

financing activities

Subtotal of cash in-flow arising from

24700000.00

financing activity

Cash paid for settling debts 150000.00 300000.00

Cash paid for dividend and profit

196399.98

distributing or interest paying

Including: Dividend and profit of

minority shareholder paid by subsidiaries

Other cash paid concerning financing

9175012.45

activities

Subtotal of cash out-flow arising from

9521412.43300000.00

financing activity

Net cash flow arising from financing

15178587.57-300000.00

activities

IV. Influence on cash and cash

equivalents due to fluctuation in 5.10 -193038.59

exchange rate

V. Net increased amount of cash and cash

-27852511.97-45383822.13

equivalent

Add: Balance of cash and cash

75474633.6580974360.59

equivalents at the period -begin

VI. Balance of cash and cash equivalents

47622121.6835590538.46

at the period -end（ii）The Company started implementing the updated accounting standards commencing from 2026 and

adjusted the relevant items in the financial statements at the beginning of the very year involved in the

initial implementation of the said standards

□Applicable □Not applicable

(iii) Auditors 'Report

Is the First Quarterly Report be audited

□ Yes □ No

The First Quarterly report is not audited.Board of Directors of Shenzhen China Bicycle Company (Holdings)Co. Ltd.April 28 2026

11