深圳中华自行车(集团)股份有限公司 2018 年半年度报告摘要
Shenzhen China Bicycle Company (Holdings) Limited
Summary of Semi-Annual Report 2018
I. Important Notice
The summary is abstract from full-text of semi-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 semi-annual report that published on media appointed
by CSRC.
Objection statement of directors, supervisors and senior executives
Name Position Content and reason
Statement
Other directors attending the Meeting for semi-annual report deliberation except for the followed
Name of director absent Title for absent director Reasons for absent Attorney
Prompt of 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 has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve.
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable √ Not applicable
II. Company profile
1. Company Profile
Short form of the stock Zhonghua – A, Zhonghua -B Stock code 000017, 200017
Stock exchange for listing Shenzhen Stock Exchange
Person/Way to contact Secretary of the Board Rep. of security affairs
Name Sun Longlong Cui Hongxia, Zhong Xiaojin
Room 1201, Wantong Building, No.3002, Room 1201, Wantong Building, No.3002,
Office add.
Sungang East Road, Shenzhen Sungang East Road, Shenzhen
Tel. 0755-25516998,28181666 0755-25516998,28181666
E-mail dmc@szcbc.com dmc@szcbc.com
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深圳中华自行车(集团)股份有限公司 2018 年半年度报告摘要
2. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √ No
Increase/decrease in this
Current period Same period of last year
report y-o-y
Operating revenue (RMB) 67,734,899.35 48,929,676.27 38.43%
Net profit attributable to shareholders of
554,162.06 -1,691,378.44 -132.76%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting 521,366.39 -1,902,819.26 -127.40%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
-3,362,971.19 -8,806,042.23 -61.81%
activities (RMB)
Basic earnings per share (RMB/Share) 0.0010 -0.0031 -132.26%
Diluted earnings per share (RMB/Share) 0.0010 -0.0031 -132.26%
Weighted average ROE 3.43% -12.51% 15.94%
Increase/decrease in this
End of current period End of last period report-end over that of
last period-end
Total assets (RMB) 70,833,599.30 73,559,961.28 -3.71%
Net assets attributable to shareholder of
16,452,432.91 15,898,270.85 3.49%
listed company (RMB)
3. Number of shares and shares held
In Share
Total preference
shareholders with voting
Total common stock shareholders
49,697 rights recovered at end of 0
in reporting period-end
reporting period (if
applicable)
Top ten shareholders
Number of share
Proportion
Full name of Nature of Shareholdin Amount of restricted shares pledged/frozen
of shares
Shareholders shareholder g numbers held State of
held Amount
share
Shenzhen Domestic
Guocheng non-State-ow
11.52% 63,508,747 0 0
Energy ned legal
Investment person
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深圳中华自行车(集团)股份有限公司 2018 年半年度报告摘要
Development
Co., Ltd.
UOB Koy
Hian (Hong Foreign legal
2.89% 15,907,850 0 0
Kong) Co., person
Ltd.
Guosen
Securities
Foreign legal
(Hong Kong) 2.52% 13,909,425 0 0
person
brokerage
Co., Ltd.
Huabao Trust
Co., Ltd. –
Huihuang Other 1.35% 7,435,165 0 0
No.33 single
fund trust
Huabao Trust
Co., Ltd. –
Huihuang Other 1.29% 7,114,435 0 0
No.15 single
fund trust
Shenwan
Hongyuan
Foreign legal
Securities 1.22% 6,707,257 0 0
person
(Hongkong)
Co., Ltd.
Huabao Trust
Co., Ltd. –
Huihuang Other 0.80% 4,387,288 0 0
No.22 single
fund trust
Zhongrong
International
Trust Co.,
Ltd. –
Zhongrong
–Dingfu Other 0.72% 3,958,923 0 0
No.13
structured
portfolio
investment
trust plan
Domestic
Li Huili 0.71% 3,891,124 0 0
nature person
Zhongrong
International
Trust Co.,
Ltd. –
Zhongrong
Other 0.67% 3,684,497 0 0
–Dingfu
No.14structur
ed portfolio
investment
trust plan
Li Huili, spouse of the Ji Hanfei, the actual controller of the Company- Shenzhen Guosheng
Explanation on associated Energy Investment Development Co., Ltd., holding B-share of the Company on behalf of
relationship among the Shenzhen Guocheng Energy Investment Development Co., Ltd., beyond that, the Company
has no idea of whether other circulated shareholders belong to concerted action persons ruled
aforesaid shareholders in the Administration Norms for Information Disclosure of Change on Shareholding of
Shareholders of Listed Companies.
Shareholders involving margin N/A
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深圳中华自行车(集团)股份有限公司 2018 年半年度报告摘要
business (if applicable)
4. Changes of controlling shareholders or actual controller
Changes of controlling shareholders in reporting period
□ Applicable √ Not applicable
Changes of controlling shareholders had no change in reporting period.
Changes of actual controller in reporting period
□ Applicable √ Not applicable
Changes of actual controller in reporting period had no change in reporting period.
5. Total preferred stock shareholders of the Company and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable
No preferred stock in reporting period.
6. Corporation Bonds
Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date when
annual report approved for released or fail to cash in full on due
No
III. Discussion and analysis by the Management Team
1. Introduction of operation in the reporting period
Dose the Company need to comply with disclosure requirements of the special industry
No
In first half of 2018, the international political and economical situation was complex and severe, structural
problems and deep-seated contradictions in the domestic economic development were highlighted, economic
downturn pressure continued to increase, many unstable and uncertain factors still existed, which affected and
impacted the traditional manufacturing industries and the social consumption structure demand. Under the
leadership of central government and governments at all levels, the whole nation strengthened their confidence,
overcame difficulties, and forged ahead, and achieved steady progress in economic and social development, and
the economic fundamentals were continuously consolidated and developed. As a sector in the traditional
manufacturing field, the bicycle industry continued the dilemma of rise in labor cost, manufacturing costs, cost of
capital, and material costs. Due to the low entry barriers of the industry and the large number of manufacturers,
the market competition was fierce and the industry reshuffle intensified. The shared bicycle brands like Mobike
were quickly promoted with financial advantages, further met the users’ needs, and squeezed the market space of
traditional bicycle enterprises. At the same time, as a traditional manufacturing industry, the bicycle industry also
ushered in the “Made in China 2025” strategy, under the guidance of the basic principles of “Innovation Driven,
Quality First, Green Development, Structure Optimization, and Talent Based”, took the important opportunity to
speed up the transformation and upgrading, and also faced with the important challenges of e-commerce
development impacts on channels, channel integration and Internet+.
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深圳中华自行车(集团)股份有限公司 2018 年半年度报告摘要
China has the world’s largest production and marketing of electric bicycles, after years of development, electric
bicycles have gradually become an important means of transportation for consumers on everyday short-distance
trips, at present, there are about 200 million bicycles in the entire society. Structural body, motor, power battery,
and control system are the core components of electric bicycles, Shenzhen China Bicycle has been closely
following up the research on their technological development, application development, and commercial value for
a long period of time, and has determined the qualified suppliers for core components year by year. The
non-public offering of shares for fund-raising investment project of Shenzhen China Bicycle being planned and
prepared at present also covers the application researches on switched reluctance motors, super-capacitor batteries,
new materials, electric car bus control systems, wearable devices, intelligent positioning lock systems, etc. As one
of the core components, electric bicycle power batteries have been mainly lead-acid batteries in the past decade or
two, with the development and popularization of new energy technologies and new energy materials, it is
expected to be replaced by the lithium batteries in the future. According to the strategy guidelines of “Made in
China 2025” by the State Council and the spirit of standardization reform, the Ministry of Industry and
Information Technology, the Ministry of Public Security, the State Administration for Industry and Commerce,
and the General Administration of Quality Supervision, Inspection and Quarantine have introduced a new national
standard for electric bicycles to comprehensively improve the safety performance of electric bicycles, adjust and
improve the speed limit, vehicle quality, pedaling and riding ability and other technical indicators. New standards
not only are close to people’s livelihood, but also improve the application space for lithium battery energy storage,
and lithium battery electric bicycles usher in a new stage of development.
Under this background, in first half 2018, the company combined with its actual situation of weak economic
foundation after restructuring, on the one hand, adhered to taking the traditional business model development as
the principle, strengthened the product research and development efforts, and constantly optimized and adjusted
the product structure and sales model transformation, according to the e-commerce transformation of business
team and the cost control way of internal introduction and external connection, and actively expanded the
e-commerce business model; on the one hand, correspondingly carried out the tracking study on industrial projects
and technology applications of upstream and downstream of industrial chain in the long-term process of electric
bicycle business, strived to expand the lithium battery materials business based on the extensive business
consultation and business opportunity sifting, and took it as an opportunity to gradually expand its main business;
on the other hand, strived to promote the selection work of the company's restructuring, planned the non-public
offering of shares, and started the business upgrades and connection work of the offline sales platform for sports
experience and R & D center construction projects.
In preparation for non-public offering of shares, in July 2016, the company initiated the planning and preparation
for non-public offering of shares and engaged securities companies, lawyers, accountants, and other intermediary
agencies to carry out various tasks. Since then, the nineteenth (temporary) meeting, the twenty-second (temporary)
meeting, and the twenty-sixth (temporary) meeting of the ninth session of board of directors of the company, and
the second extraordinary shareholders’ meeting in 2017 reviewed and approved the relevant proposals on
non-public offering of shares. Combining the capital market with the actual situation of the company, from
January to February, 2018, the fourth (temporary) meeting of the 10th session of board of directors and the first
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深圳中华自行车(集团)股份有限公司 2018 年半年度报告摘要
extraordinary shareholders’ meeting of the company in 2018 reviewed and approved the Proposal on Adjusting
the Plan for the Company’s Non-Public Offering of A-Shares, and the Proposal on the Plan for the Company’s
Non-Public Offering of A-Shares (three revised versions) and other relevant proposals. According to the above
proposals, the total amount of funds raised in this non-public offering of shares did not exceed 750 million Yuan,
and planned to invest 680 million Yuan for the “online and offline marketing network platform construction and
upgrade project” and planned to invest 70 million Yuan for the “R&D center construction project after deducting
the issuance costs.
Under the background that the traditional manufacturing industry at home was still sluggish, in accordance with
the guidelines of “Made in China 2025”, the company insisted on accelerating its professional transformation and
e-commercial transformation, striving to expand its main business, strengthening the structural adjustment,
intensifying the quality management, strengthening cost control, improving the ability of traditional enterprises to
adapt to economy new normal and participate in market competition. Through various efforts, the company
achieved operating revenue of 67,734,900 Yuan and net profit of 491,900 Yuan in first half of 2018, of which, the
net profit attributable to shareholders of listed companies was 554,200 Yuan. The company’s operations remained
stable and have injected new development potential.
2. Relevant items involving financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method
compared with the financial report of last fiscal period
□ Applicable √ Not applicable
The Company had no particulars about the changes in aspect of accounting policy, estimates or calculation method in the reporting
period.
(2) Major accounting errors within reporting period that needs retrospective restatement
□ Applicable √ Not applicable
No major accounting errors within reporting period that needs retrospective restatement for the Company in reporting period.
(3) Particulars about the change of consolidation range compared with the financial report of last fiscal
period
□ Applicable √ Not applicable
The Company had no particular about the change of consolidation range compared in reporting period.
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