Shenzhen China Bicycle Company (Holdings) Limited
THE THIRD QUARTERLY REPORT FOR 2019
October 2019
1
Section I. Important Notes
Board of Directors and the Supervisory Committee of SHENZHEN CHINA
BICYCLE COMPANY (HOLDINGS) LIMITED (hereinafter referred to as the
Company) and its directors, supervisors and senior executives 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.
All directors of the Company are attended the Meeting for quarterly report
deliberation.
Principal of the Company Li Hai, Person in Charge of Accounting Works Sun
Longlong and Person in Charge of Accounting Organ (Accounting Officer)
Zhong Xiaojin hereby confirm that the Financial Report of the Third Quarterly
Report is authentic, accurate and complete.
2
Section II. Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Current period-end Period-end of last year Increase/decrease
Total assets (RM B) 68,575,233.68 73,242,960.17 -6.37%
Net assets attributable to
shareholders of listed company 14,547,505.53 14,306,301.94 1.69%
(RM B)
Increase/decrease in
Increase/decrease in
Year-begin to end of comparison with
Current period comparison with same
the Period year-begin to
period of last year
Period-end of last year
Operating revenue (RM B) 24,574,484.81 -26.68% 62,848,917.83 -37.93%
Net profit attributable to
shareholders of the listed company 1,040,149.76 96.06% 241,203.59 -77.76%
(RM B)
Net profit attributable to
shareholders of the listed company
1,040,149.76 196.39% 129,759.59 -85.12%
after deducting non-recurring gains
and losses (RM B)
Net cash flow arising from
-- -- -7,317,672.68 -6,087.84%
operating activities (RM B)
Basic earnings per share
0.0019 90.00% 0.0004 -80.00%
(RM B/Share)
Diluted earnings per share
0.0019 90.00% 0.0004 -80.00%
(RM B/Share)
Weighted average ROE 7.42% 4.25% 1.67% -4.93%
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RM B
Amount from year-begin to
Item Note
end of the Period
Other gains/losses qualify the definition of non-recurring gains
148,577.00 -
and losses
3
Less: impact on income tax 37,144.25 -
Impact on minority shareholders’ equity (post-tax) -11.25 -
Total 111,444.00 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss.
II. State ment of the total shareholders and s hares-held of top ten shareholders at end of the
Period
1. Number of common shareholders and preference shareholders with voting rights recovered and top ten
common shareholders
In share
Total preference shareholders
Total number of common with voting rights recovered at
shareholders at the end of report 53,992 0
period end of reporting period (if
applicable)
Top ten shareholders
Amount of Number of share pledged/frozen
Nature of Proportion of Amount of shares
Shareholders restricted shares
shareholder shares held held State of share Amount
held
Shenzhen
Guosheng Energy Domestic
Investment non-State-owned 11.52% 63,508,747 0 - -
Development legal person
Co., Ltd.
UOB (H.K.) Co., Foreign legal
2.89% 15,907,850 0 - -
Ltd. person
Guosen Securities Foreign legal
2.52% 13,909,425 0 - -
(H.K.) Co., Ltd. person
Shenwan
Hongyuan
Foreign legal
Securities 1.20% 6,626,116 0 - -
person
(Hongkong) Co.,
Ltd.
4
Domestic nature
Li Huili 0.71% 3,891,124 0 - -
person
Domestic nature
Xu Hongbo 0.58% 3,187,419 0 - -
person
State-owned legal
CM S HK 0.54% 2,953,382 0 - -
person
Special Account
for Property
Domestic
Disposal of
non-State-owned 0.47% 2,602,402 0 - -
Bankrupt
legal person
Enterprise of
CBC
Domestic nature
Ge Zhiqiong 0.45% 2,486,652 0 - -
person
Zhuorun
Foreign legal
Technology Co., 0.36% 2,000,000 0 - -
person
Ltd.
Particular about top ten shareholders with un-restrict shares held
Type of shares
Shareholders Amount of un-restrict shares held
Type Amount
Shenzhen Guosheng Energy RM B ordinary
63,508,747 63,508,747
Investment Development Co., Ltd. shares
Domestically
UOB (H.K.) Co., Ltd. 15,907,850 listed foreign 15,907,850
shares
Domestically
Guosen Securities (H.K.) Co., Ltd. 13,909,425 listed foreign 13,909,425
shares
Domestically
Shenwan Hongyuan Securities
6,626,116 listed foreign 6,626,116
(Hongkong) Co., Ltd.
shares
Domestically
Li Huili 3,891,124 listed foreign 3,891,124
shares
Domestically
Xu Hongbo 3,187,419 listed foreign 3,187,419
shares
Domestically
CM S HK 2,953,382 listed foreign 2,953,382
shares
5
RM B ordinary
1,383,313
Special Account for Property shares
Disposal of Bankrupt Enterprise of 2,602,402 Domestically
CBC listed foreign 1,219,089
shares
Domestically
Ge Zhiqiong 2,486,652 listed foreign 2,486,652
shares
RM B ordinary
Zhuorun Technology Co., Ltd. 2,000,000 2,000,000
shares
Li Huili, the spouse of actual controller Ji Hanfei, holding B-share of the Company on behalf
Explanation on associated of 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 ten common
shareholders involving margin N/A
business (if applicable)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy -back
agreement dealing in reporting period.
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
6
Section III. Important events
I. Particular about major changes from ite ms of main accounting statements and financial
indexes as well as reasons
√ Applicable □Not applicable
Ending Period or form Opening Period or same Increase or decrease y-o-y Reasons
year begin to now period last year
Operation income 62,848,917.83 101,250,275.83 -37.93% Income from business
decline
Operation cost 57,446,763.42 90,958,528.99 -36.84% Business cost decreased
Sales expenses 2,377,317.42 4,356,796.05 -45.43% Sales expenses declined
due to the decrease of
business income
M anagement expenses 3,263,168.76 4,805,269.03 -32.09% M anagement expenses
declined due to the
decrease of business
income
Financial expenses -78,872.38 -302,000.97 -73.88% Interest income from
bank savings declined
Net cash flow from -7,317,672.68 122,208.96 -6087.84% Taxes payable at year-end
operating activities last year has been paid in
the period
Net cash flow from -534,494.04 -17,293.82 2990.66% Purchased machinery
investment activities equipment in the year
Net cash flow from -7,818,729.82 104,915.14 -7552.43% Taxes payable at year-end
operating activities last year has been paid in
the period
M onetary Fund 8,670,156.44 18,488,886.26 -53.11% Taxes payable at year-end
last year has been paid in
the period
40,943,384.51 29,007,509.02 41.15% The payment days to
Account receivable clients for the business
operation is not due
Advance payment 1,693,512.99 13,799,753.60 -87.73% The account paid in
advance for lithium
battery material business
7
last year was progressive
delivery in the period
Inventory 3,456,156.95 2,386,603.94 44.81% Stock up for the peak
season
Other current assets 5,607,025.86 2,266,241.66 147.42% The pending deduct input
tax increased in the
period
Intangible assets 941,250.00 1,506,000.00 -37.50% M ainly due to the
amortization of intangible
assets
Notes payable - 2,000,000.00 -100.00% The bank acceptance bill
are due to honour
Account received in 3,260,235.62 405,779.88 703.45% Account received in
advance advance from the
customer
Taxes payable 177,634.33 6,297,096.28 -97.18% Taxes payable at year-end
last year has been paid in
the period
II. Progress of significant events, their influences, and analysis and explanation of their
solutions
√ Applicable □Not applicable
1. Plan a non-public issue of shares
In July 2016, the Company started to plan a non-public issue of shares with proceeds to be utilized to acquire
material assets. The Plan on Non-public Issue of A shares in 2016 was considered and approved by the Board of
the Company. Based on the due diligence, audit, assessment and business negation with intermediates, taking into
account the conditions of capital market and actual conditions of the Company, the Board of the Company
considered and approved the Proposal Relating to Adjusting the Plan of non-public of A Shares, the Explanation
on non-public of A-shares for year of 2016 Amendment, the Plan on Non-public Issue of A shares in 2016
(amended), the Plan on Non-public Issue of A shares in 2016 (Second Amended) and Plan on Non-public Issue of
A shares in 2016 (Third Amended) from February 2017 to February 2018. and on 13 Feb. 2018, the Plan on
Non-public Issue of A Shares (Third Amended) was deliberated and approved by First Extraordinary Shareholders
General Meeting of 2018. According to the three revised drafts, the number of non-public offering of shares
should not exceed 110,269,586 shares, and the total amount of funds raised should not exceed 750 million Yuan.
The total amount of raised funds for this non-public offering should not exceed RMB 750 million, will be used for
the following projects after deducting the issuance expenses: 1. RMB 680 million of funds for “online and offline
marketing network platform construction and upgrading project”; 2. RMB 70 million of funds for “R & D center
construction project”. The issuing objects of this non-public offering include four specific investors which are
8
Ruian Information, Zhisheng High-tech, Wansheng Industry and Beier High-tech. The subscription amount of
Ruian Information does not exceed 250 million Yuan, and the number of subscribed shares does not exceed
36,756,529 shares; the subscription amount of Zhisheng High-tech does not exceed 200 million Yuan, and the
number of subscribed shares does not exceed 29,405,223 shares; the subscription amount of Wansheng Industry
and Beier High-tech respectively does not exceed 150 million Yuan, and the number of subscribed shares does not
exceed 22,053,917 shares respectively. See details on the announcement issued by the board of directors of the
company.
2. Foreign investment for controlling subsidiary
On 12 August 2019, the Notice on Foreign Investment was deliberated and approved by the 14th Session
th
(extraordinary) of 10 BOD, it is agreed to setting up Shenzhen XinSen Jewelry& Gold Supply Chain Co., Ltd.
with Shenzhen Zuan Jin Sen Jewelry Co., ltd, the Company contribute 4.225 million Yuan while 2.275 million
Yuan invested by Zuan Jin Sen Jewelry. After the business registration, the Company comes to the controlling
shareholder of XinSen Jewelry& Gold for holding 65% equity.
Information index for temporary report
Overview Date for disclosure
disclosure
Resolution of the 14th Session Juchao Website http://www.cninfo.com.cn
th
2019-08-12
(extraordinary) of 10 BOD Notice No.: 2019-015
Juchao Website http://www.cninfo.com.cn
Notice on Foreign Investment 2019-08-12
Notice No.: 2019-016
Progress of shares buy-back
□Applicable √Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□Applicable √Not applicable
III. Commitments that the actual controller, shareholde rs, related parties, acquirer and the
Company have fulfilled during the reporting period and have not yet fulfilled by the end of
reporting period
□ Applicable √ Not applicable
There are no commitments that the actual controller, shareholders, related parties, acquirer and the Company have fulfilled during the
reporting period and have not yet fulfilled by the end of reporting period.
IV. Particular about security investment
□ Applicable √ Not applicable
The Company had no security investment in Period.
9
V. Trust financing
□ Applicable √ Not applicable
The Company had no trust financing in Period.
VI. Particulars about de rivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
VII. Registration form of receiving research, communication and intervie w in the report
period
√ Applicable □Not applicable
Time Way Type Basic situation index of investigation
Progress of privately placement of shares
July – September 2019 Telephone communication Individual
consulting
July – September 2019 Telephone communication Individual Recombination consulting
VIII. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the period.
IX. Non-ope rational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation form controlling shareholders and its related party in the period.
10
Section IV. Financial Statement
I. Financial state ment
1. Consolidate balance sheet
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIM ITED
2019-09-30
In RM B
Item 2019-9-30 2018-12-31
Current assets:
M onetary funds 8,670,156.44 18,488,886.26
Settlement provisions
Capital lent
Tradable financial assets
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Note receivable 450,000.00
Account receivable 40,943,384.51 29,007,509.02
Receivable financing
Accounts paid in advance 1,693,512.99 13,799,753.60
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 1,079,351.23 844,537.19
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 3,456,156.95 2,386,603.94
Contractual assets
Assets held for sale
11
Non-current asset due within one
year
Other current assets 5,607,025.86 2,266,241.66
Total current assets 61,899,587.98 66,793,531.67
Non-current assets:
Loans and payments on behalf
Debt investment
Finance asset available for sales
Other debt investment
Held-to-maturity investment
Long-term account receivable
Long-term equity investment
Investment in other equity
instrument
Other non-current financial assets
Investment real estate
Fixed assets 4,289,622.16 3,502,807.32
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 941,250.00 1,506,000.00
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 1,044,773.54 1,040,621.18
Other non-current asset 400,000.00 400,000.00
Total non-current asset 6,675,645.70 6,449,428.50
Total assets 68,575,233.68 73,242,960.17
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
12
Tradable financial liability
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Note payable 2,000,000.00
Account payable 9,206,474.40 9,979,010.69
Accounts received in advance 3,260,235.62 405,779.88
Contractual liability
Selling financial asset of
repurchase
Absorbing deposit and inter-bank
deposit
Security trading of agency
Security sales of agency
Wage payable 524,073.65 435,736.16
Taxes payable 177,634.33 6,297,096.28
Other account payable 38,466,976.88 37,144,872.42
Including: Interest payable
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 51,635,394.88 56,262,495.43
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
13
Long-term account payable
Long-term wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 51,635,394.88 56,262,495.43
Owner’s equity:
Share capital 551,347,947.00 551,347,947.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 627,834,297.85 627,834,297.85
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 32,673,227.01 32,673,227.01
Provision of general risk
Retained profit -1,197,307,966.33 -1,197,549,169.92
Total owner’ s equity attributable to
14,547,505.53 14,306,301.94
parent company
M inority interests 2,392,333.27 2,674,162.80
Total owner’ s equity 16,939,838.80 16,980,464.74
Total liabilities and owner’ s equity 68,575,233.68 73,242,960.17
Legal Representative: Li Hai
Person in charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: Zhong Xiaojin
2. Balance Sheet of Parent Company
In RM B
Item 2019-9-30 2018-12-31
14
Current assets:
M onetary funds 3,914,027.09 8,889,572.73
Tradable financial assets
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial assets
Note receivable 450,000.00
Account receivable 32,679,756.92 12,827,954.16
Receivable financing
Accounts paid in advance 1,693,512.99 13,798,452.48
Other account receivable 794,803.74 380,925.78
Including: Interest receivable
Dividend receivable
Inventories 1,373,831.01
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 5,120,447.47 2,130,677.11
Total current assets 46,026,379.22 38,027,582.26
Non-current assets:
Debt investment
Available-for-sale financial assets
Other debt investment
Held-to-maturity investments
Long-term receivables
Long-term equity investments 10,379.73 10,379.73
Investment in other equity
instrument
Other non-current financial assets
Investment real estate
Fixed assets 3,879,544.33 2,995,407.48
Construction in progress
Productive biological assets
15
Oil and natural gas assets
Right-of-use assets
Intangible assets 941,250.00 1,506,000.00
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets 400,000.00 400,000.00
Total non-current assets 5,231,174.06 4,911,787.21
Total assets 51,257,553.28 42,939,369.47
Current liabilities:
Short-term borrowings
Tradable financial liability
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable
Account payable 7,718,753.63
Accounts received in advance 2,936,517.50 327,632.18
Contractual liability
Wage payable 498,844.68 151,598.60
Taxes payable 177,621.34 5,416,117.27
Other accounts payable 30,950,041.85 28,967,052.96
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 42,281,779.00 34,862,401.01
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
16
Perpetual capital
securities
Lease liability
Long-term account payable
Long term employee compensation
payable
Accrued liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 42,281,779.00 34,862,401.01
Owners’ equity:
Share capital 551,347,947.00 551,347,947.00
Other equity instrument
Including: preferred stock
Perpetual capital
securities
Capital public reserve 627,834,297.85 627,834,297.85
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 32,673,227.01 32,673,227.01
Retained profit -1,202,879,697.58 -1,203,778,503.40
Total owner’s equity 8,975,774.28 8,076,968.46
Total liabilities and owner’s equity 51,257,553.28 42,939,369.47
3. Consolidated Profit Statement (the period)
In RM B
Item Current Period Last Period
I. Total operating income 24,574,484.81 33,515,376.48
Including: Operating income 24,574,484.81 33,515,376.48
Interest income
Insurance gained
Commission charge and
17
commission income
II. Total operating cost 23,520,413.16 32,908,232.08
Including: Operating cost 22,117,248.45 29,794,322.66
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 16,205.37 58,517.27
Sales expense 501,593.81 1,600,868.52
Administrative expense 903,784.92 1,495,548.79
R&D expense
Financial expense -18,419.39 -41,025.16
Including: Interest
expenses
Interest income -21,353.21 -46,157.13
Add: other income
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
(Loss is listed with “-”)
18
Losses of devaluation of asset
141,486.00
(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
1,054,071.65 748,630.40
“-”)
Add: Non-operating income 134,302.20
Less: Non-operating expense
IV. Total profit (Loss is listed with “-”) 1,054,071.65 882,932.60
Less: Income tax expense 4,239.24 138,597.70
V. Net profit (Net loss is listed with “-”) 1,049,832.41 744,334.90
(i) Classify by business continuity
1.continuous operating net profit
1,049,832.41 744,334.90
(net loss listed with ‘-”)
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
1,040,149.76 530,513.93
of parent company
2.M inority shareholders’ gains and
9,682.65 213,820.97
losses
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
19
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.gain/loss of fair value
changes for available-for-sale financial
assets
4.Amount of financial assets
re-classify to other comprehensive
income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging reserve
8.Translation differences
arising on translation of foreign currency
financial statements
9.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 1,049,832.41 744,334.90
Total comprehensive income
1,040,149.76 530,513.93
attributable to owners of parent Company
Total comprehensive income
9,682.65 213,820.97
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0019 0.0010
(ii) Diluted earnings per share 0.0019 0.0010
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party.
20
Legal Representative: Li Hai
Person in charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: Zhong Xiaojin
4. Profit Statement of Parent Company (the period)
In RM B
Item Current Period Last Period
I. Operating income 23,846,952.19 10,688,994.67
Less: Operating cost 21,876,322.80 9,514,999.72
Taxes and surcharge 14,493.03 6,781.40
Sales expenses 181,717.02 362,220.29
Administration expenses 760,518.90 924,928.15
R&D expenses
Financial expenses -7,895.71 -27,763.78
Including: interest
expenses
Interest income -10,066.75 -29,407.01
Add: other income
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 “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income on disposal of assets
(Loss is listed with “-”)
21
II. Operating profit (Loss is listed with
1,021,796.15 -92,171.11
“-”)
Add: Non-operating income 134,302.20
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) 1,021,796.15 42,131.09
Less: Income tax 4,239.24 10,532.77
IV. Net profit (Net loss is listed with
1,017,556.91 31,598.32
“-”)
(i)continuous operating net profit
1,017,556.91 31,598.32
(net loss listed with ‘-”)
(ii) termination of net profit (net
loss listed with ‘-”)
V. Net after-tax of other comprehensive
income
(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.gain/loss of fair value
changes for available-for-sale financial
assets
22
4.Amount of financial
assets re-classify to other
comprehensive income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale
financial asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging
reserve
8.Translation differences
arising on translation of foreign
currency financial statements
9.Other
VI. Total comprehensive income 1,017,556.91 31,598.32
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Profit Statement (form the year-begin to the period-end)
In RM B
Item Current Period Last Period
I. Total operating income 62,848,917.83 101,250,275.83
Including: Operating income 62,848,917.83 101,250,275.83
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 63,061,170.36 99,952,848.12
Including: Operating cost 57,446,763.42 90,958,528.99
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
23
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras 52,793.14 134,255.02
Sales expense 2,377,317.42 4,356,796.05
Administrative expense 3,263,168.76 4,805,269.03
R&D expense
Financial expense -78,872.38 -302,000.97
Including: Interest
expenses
Interest income -92,487.61 -318,843.06
Add: other income
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
-17,479.82 134,266.80
(Loss is listed with “-”)
Losses of devaluation of asset
40,616.29
(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
-189,116.06 1,431,694.51
“-”)
Add: Non-operating income 148,627.00 206,428.48
Less: Non-operating expense 50.00 30,140.00
IV. Total profit (Loss is listed with “-”) -40,539.06 1,607,982.99
Less: Income tax expense 86.88 371,731.68
24
V. Net profit (Net loss is listed with “-”) -40,625.94 1,236,251.31
(i) Classify by business continuity
1.continuous operating net profit
-40,625.94 1,236,251.31
(net loss listed with ‘-”)
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
241,203.59 1,084,675.99
of parent company
2.M inority shareholders’ gains and
-281,829.53 151,575.32
losses
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.gain/loss of fair value
changes for available-for-sale financial
25
assets
4.Amount of financial assets
re-classify to other comprehensive
income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging reserve
8.Translation differences
arising on translation of foreign currency
financial statements
9.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income -40,625.94 1,236,251.31
Total comprehensive income
241,203.59 1,084,675.99
attributable to owners of parent Company
Total comprehensive income
-281,829.53 151,575.32
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0004 0.0020
(ii) Diluted earnings per share 0.0004 0.0020
Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 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
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RM B
Item Current Period Last Period
I. Operating income 49,251,331.03 34,712,513.35
26
Less: Operating cost 45,546,345.42 30,361,217.80
Taxes and surcharge 28,687.93 20,522.60
Sales expenses 421,822.61 639,048.04
Administration expenses 2,482,012.78 3,032,240.65
R&D expenses
Financial expenses -21,478.79 -110,767.09
Including: interest
expenses
Interest income -28,564.59 -117,315.67
Add: other income
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 “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
-39,523.02 2,008.04
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income on disposal of assets
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
754,418.06 772,259.39
“-”)
Add: Non-operating income 148,627.00 202,407.61
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) 903,045.06 974,667.00
Less: Income tax 4,239.24 243,666.75
IV. Net profit (Net loss is listed with
898,805.82 731,000.25
“-”)
(i)continuous operating net profit
898,805.82 731,000.25
(net loss listed with ‘-”)
27
(ii) termination of net profit (net
loss listed with ‘-”)
V. Net after-tax of other comprehensive
income
(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.gain/loss of fair value
changes for available-for-sale financial
assets
4.Amount of financial
assets re-classify to other
comprehensive income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale
financial asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging
reserve
28
8.Translation differences
arising on translation of foreign
currency financial statements
9.Other
VI. Total comprehensive income 898,805.82 731,000.25
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RM B
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 21,832,549.34 27,803,003.29
services
Net increase of customer deposit
and inter-bank 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 395,675.25 5,306.26
29
Other cash received concerning
6,635,811.81 3,457,816.24
operating activities
Subtotal of cash inflow arising from
28,864,036.40 31,266,125.79
operating activities
Cash paid for purchasing
commodities and receiving labor 17,969,329.91 17,197,123.51
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and inter-bank
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 4,520,269.65 4,950,664.94
Taxes paid 5,591,830.87 2,100,451.20
Other cash paid concerning
8,100,278.65 6,895,677.18
operating activities
Subtotal of cash outflow arising from
36,181,709.08 31,143,916.83
operating activities
Net cash flows arising from operating
-7,317,672.68 122,208.96
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
30
investing activities
Subtotal of cash inflow from investing
activities
Cash paid for purchasing fixed,
534,494.04 17,293.82
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
534,494.04 17,293.82
activities
Net cash flows arising from investing
-534,494.04 -17,293.82
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
Other cash received concerning
4,033,436.90
financing activities
Subtotal of cash inflow from financing
4,033,436.90
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
4,000,000.00
financing activities
Subtotal of cash outflow from financing
4,000,000.00
activities
Net cash flows arising from financing 33,436.90
31
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-7,818,729.82 104,915.14
equivalents
Add: Balance of cash and cash
16,488,886.26 19,177,276.18
equivalents at the period -begin
VI. Balance of cash and cash
8,670,156.44 19,282,191.32
equivalents at the period -end
8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RM B
Item Current Period Last Period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 13,142,364.00 16,434.00
services
Write-back of tax received 395,675.25 5,306.26
Other cash received concerning
7,878,727.75 3,153,882.61
operating activities
Subtotal of cash inflow arising from
21,416,767.00 3,175,622.87
operating activities
Cash paid for purchasing
commodities and receiving labor 11,560,353.60 46,278.04
service
Cash paid to/for staff and workers 2,793,627.51 2,152,516.83
Taxes paid 5,392,327.74 1,071,443.86
Other cash paid concerning
6,111,509.75 6,396,936.25
operating activities
Subtotal of cash outflow arising from
25,857,818.60 9,667,174.98
operating activities
Net cash flows arising from operating
-4,441,051.60 -6,491,552.11
activities
II. Cash flows arising from investing
activities:
Cash received from recovering
32
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,
534,494.04 11,844.82
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
534,494.04 11,844.82
activities
Net cash flows arising from investing
-534,494.04 -11,844.82
activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
investment
Cash received from loans
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
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
33
activities
Net cash flows arising from financing
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-4,975,545.64 -6,503,396.93
equivalents
Add: Balance of cash and cash
8,889,572.73 15,398,405.80
equivalents at the period -begin
VI. Balance of cash and cash
3,914,027.09 8,895,008.87
equivalents at the period -end
II. Financial statement adjustment
1. Relevant items of the financial statement at beginning of the year when implementing the new financial
instrument standards, new revenue standards or new leasing standards since 2019
□ Applicable √ Not applicable
2. Explanation on comparative data in the early stage of retroactive adjustment while implemented the new
financial instrument standards or new leasing standards since 2019
□ Applicable √ Not applicable
III. 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
29 October 2019
34
