Shenzhen China Bicycle Company (Holdings) Limited
First Quarterly Report 2021
April 2021
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 should guarantee the reality,
accuracy and completion of the quarterly report, there are no any fictitious
statements, misleading statements or important omissions carried in this report,
and shall take legal responsibilities, individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Li Hai, person in charge of the Company, Sun Longlong, person in charge of
accounting works and Zhong Xiaojin, person in charge of accounting organ
(accounting officer) hereby confirm that the Financial Report of this Quarterly
Report is authentic, accurate and complete.
2
Section II. Basic Information of the Company
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √No
Changes of this period over
Current Period Same period of last year
same period of last year
Operating income (RMB) 23,163,329.56 7,434,449.73 211.57%
Net profit attributable to shareholders of
-211,535.36 -591,902.33 64.26%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting -211,535.36 -692,274.89 69.44%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
1,399,162.83 459,865.86 204.25%
activities (RMB)
Basic earnings per share (RMB/Share) -0.0004 -0.0011 63.64%
Diluted earnings per share (RMB/Share) -0.0004 -0.0011 63.64%
Weighted average ROE -1.96% -8.67% 6.71%
Changes of this period-end
At the end of the reporting
At the end of last year over same period-end of last
period
year
Total assets (RMB) 86,197,389.31 91,742,769.99 -6.04%
Net assets attributable to shareholder of
10,693,695.62 10,905,230.98 -1.94%
listed company (RMB)
Items of non-recurring gains and losses
□ Applicable √ Not applicable
There were no non-recurring profit and loss items during the reporting period.
II. Total number of shareholders at the end of this report period and top ten shareholders
1. Total number of common shareholders and preference shareholders with voting rights recovered and top
ten common shareholders
In share
Total number of common 38,871 Total preference shareholders with 0
3
shareholders at the end of report voting rights recovered at end of
period reporting period (if applicable)
Top ten shareholders
Amount of Number of share pledged/frozen
Shareholder’s Nature of Proportion of Amount of shares
restricted shares
name 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 Koy Hian
Foreign legal
(Hong Kong) 2.89% 15,907,850 0 - -
person
Co., Ltd.
Guosen Securities
(Hong Kong) Foreign legal
2.52% 13,909,425 0 - -
brokerage Co., person
Ltd.
Shenwan
Hongyuan Foreign legal
1.50% 8,283,272 0 - -
Securities (Hong person
Kong) Co., Ltd.
Lhasa Xingqing
Domestic
Network
non-state-owned 0.83% 4,600,255 0 - -
Technology Co.,
legal person
Ltd.
Domestic nature
Wu Xiaoping 0.74% 4,070,300 0 - -
person
Domestic nature
Li Huili 0.71% 3,891,124 0 - -
person
LI SHERYN Foreign natural
0.63% 3,480,187 0 - -
ZHAN MING person
Domestic nature
Ge Zhiqiong 0.62% 3,395,752 0 - -
person
Domestic nature
Xu Hongbo 0.58% 3,187,519 0 - -
person
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
4
Shenzhen Guosheng Energy RMB common
63,508,747 63,508,747
Investment Development Co., Ltd. shares
Domestically
UOB Koy Hian (Hong Kong) Co.,
15,907,850 listed foreign 15,907,850
Ltd.
shares
Domestically
Guosen Securities (Hong Kong)
13,909,425 listed foreign 13,909,425
brokerage Co., Ltd.
shares
Domestically
Shenwan Hongyuan Securities
8,283,272 listed foreign 8,283,272
(Hong Kong) Co., Ltd.
shares
Lhasa Xingqing Network RMB common
4,600,255 4,600,255
Technology Co., Ltd. shares
RMB common
Wu Xiaoping 4,070,300 4,070,300
shares
Domestically
Li Huili 3,891,124 listed foreign 3,891,124
shares
Domestically
LI SHERYN ZHAN MING 3,480,187 listed foreign 3,480,187
shares
RMB common
691,300
shares
Ge Zhiqiong 3,395,752 Domestically
listed foreign 2,704,452
shares
Domestically
Xu Hongbo 3,187,519 listed foreign 3,187,519
shares
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 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
5
□ Yes √ No
The top 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 shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
6
Section III. Significant Event
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
√ Applicable □ Not applicable
Ending or the Opening or last Increase/decrease
Item Reasons of changes
period period y-o-y
Accounts receivable 47,310,280.32 55,031,424.70 -14.03% Received payment for goods from
client in the Period
Advance payment 1,982,489.68 816,541.52 142.79% The account paid in advance from
subsidiary increased
Accounts payable 2,617,855.74 9,606,144.94 -72.75% Payment for goods to suppliers in
the Period
Operating income 23,163,329.56 7,434,449.73 211.57% Revenue from Jewelry & gold
business increased
Operating cost 20,752,454.71 7,138,011.11 190.73% Costs from Jewelry & gold
business increased
Management costs 1,328,263.03 566,297.41 134.55% Revenue growth was mainly led to
cost increases
R&D expenses 856,296.32 370,866.09 130.89% R&D expenses from subsidiary
Xinsen Company increased
Net cash flow from operating 1,399,162.83 459,865.86 204.25% Growth of the guarantee received
activities
Net cash flow from financing 0.00 3,250,000.00 -100.00% The capital increment of subsidiary
activities last period
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicable
1. Planning of the Non-public Offering shares
On December 30, 2020, the company held the third extraordinary general meeting of shareholders in 2020, and reviewed and
approved the new plan for non-public issuance of A shares, intending to raise funds from Wansheng Industrial Company through
non-public issuance of shares not exceeding 293.6 million yuan, which would be used to supplement working capital after deducting
issuance costs, this issuance would lead to changes in the company's right of control. On 12 March 2021, the Company received an
Application Acceptance from CSRC (Acceptance No.:210576) issued by China Securities Regulatory Commission(hereinafter
referred to as CSRC). The CSRC reviewed the application materials submitted by the Company for the administrative license of
“Approval of Non-public Offering of Shares by Listed Company (Main Board of A-share and Small & Medium-sized Board,
B-share)” in accordance with the laws, and considered that all the application materials were completed and in compliance with the
statutory form, decided to accept the application for the administrative license. The “Notice on First Feedback for Administrative
Licensing of CSRC” (No.: 210576) was received by the Company dated 23 March 2021 issued from CSRC. Currently, the Company
7
and intermediaries have completed the response work on 21 April 2021, and follow-up works are in progress. The non-public
offering of shares is subject to the approval by CSRC and there is uncertainty as to whether it will be approved and when it will
finally be approved. The Company will perform the obligation of information disclosure in a timely manner in strictly accordance
with the provisions and requirement of relevant laws and regulations according to the review progress of the CSRC on the application.
Majority of the investors are urged to invest rationally and pay attention to the investment risks.
2. Application for and recognition as the national high-tech enterprise
On the basis of the works from 2017 to 2019, the Company completed the preparations for applying for national high-tech enterprises
in 2020 and submits the application materials officially. In January 2021, the Company received the “High-tech Enterprise
Certificate” (Certificate No.: GR202044200651, Date of issue 2020 December 11, valid for three years) jointly issued by Shenzhen
Science & Technology Innovation Committee, Shenzhen Municipal Finance Bureau and Shenzhen Tax Service, State Taxation
Administration. In accordance with the Law of the People’s Republic of China on Enterprise Income Tax and relevant regulations of
the national preferential tax policy for the high-tech enterprises, the Company enjoys the relevant preferential tax policies for
high-tech enterprises for three consecutive years (2020-2022) after passing the high-tech enterprise certification, that is pay corporate
income tax at a rate of 15% (tax rate is reduced from 25% to 15%).
Query index of temporary Notice on
Overview Date of disclosure
website
Juchao website:
Acceptance of Non-public Offering of
March 13, 2021 （http://www.cninfo.com.cn） Notice No.:
Shares by CSRC
2021005
Juchao website:
Received the “Notice on First Feedback for
March 25, 2021 （http://www.cninfo.com.cn） Notice No.:
Administrative Licensing of CSRC”
2021007
Juchao website:
Reply on the “Notice on First Feedback for
April 21, 2021 （http://www.cninfo.com.cn） Notice No.:
Administrative Licensing of CSRC”
2021011
Juchao website:
Acquisition of the High-tech Enterprise
January 30, 2021 （http://www.cninfo.com.cn） Notice No.:
Certification by the Company
2021002
Progress of shares buy-back
□Applicable √Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□Applicable √Not applicable
III. Commitments completed in Period and those without completed till end of the Period
from actual controller, shareholders, related parties, purchaser and companies
□ Applicable √ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller,
shareholders, related parties, purchaser and companies.
8
IV. Financial asset investment
1. Securities investment
□ Applicable √ Not applicable
No security investment in the Period.
2. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.
V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of business performance from January – June 2021
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the
warning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Trust financing
□ Applicable √ Not applicable
No trust financing in the Period.
IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the period.
X. Non-operational 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.
9
XI. Registration form for receiving research, communication and interview in the report
period
√ Applicable □ Not applicable
Main content
Reception Basic situation index of
Time Way Reception type Object and information
location investigation
provided
Consulting
Telephone Individual company
January 20, 2021 The Company Individual N/A
communication investor restructuring
progress
Consulting
company’s
February 24, Telephone Individual
The Company Individual non-public N/A
2021 communication investor
issuance of
shares
Advisory
Telephone Individual company risk
March 22, 2021 The Company Individual N/A
communication investor delisting
warnings
10
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
March 31, 2021
In RMB
Item March 31, 2021 March 31, 2020
Current assets:
Monetary fund 21,281,182.89 19,887,978.05
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 47,310,280.32 55,031,424.70
Receivable financing
Accounts paid in advance 1,982,489.68 816,541.52
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 579,573.59 576,770.36
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 6,416,162.78 7,729,325.94
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 3,430,844.40 2,715,425.31
Total current assets 81,000,533.66 86,757,465.88
11
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
Fixed assets 3,703,684.90 3,792,133.36
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 793,170.75 793,170.75
Other non-current asset 700,000.00 400,000.00
Total non-current asset 5,196,855.65 4,985,304.11
Total assets 86,197,389.31 91,742,769.99
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 2,617,855.74 9,606,144.94
Accounts received in advance
Contractual liability 14,531,723.13 15,254,713.38
12
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 848,056.19 1,459,244.07
Taxes payable 1,133,138.54 722,321.02
Other account payable 40,546,566.80 37,882,805.52
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 1,089,243.63 1,175,251.38
Total current liabilities 60,766,584.03 66,100,480.31
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
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 60,766,584.03 66,100,480.31
13
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 -1,201,161,776.24 -1,200,950,240.88
Total owner’ s equity attributable to
10,693,695.62 10,905,230.98
parent company
Minority interests 14,737,109.66 14,737,058.70
Total owner’ s equity 25,430,805.28 25,642,289.68
Total liabilities and owner’ s equity 86,197,389.31 91,742,769.99
Legal Representative: Li Hai
Person in charge of accounting works: Sun Longlong
Person in charge of accounting institute: Zhong Xiaojin
2. Balance Sheet of Parent Company
In RMB
Item March 31, 2021 March 31, 2020
Current assets:
Monetary funds 13,006,940.69 10,097,024.59
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 22,883,910.96 24,274,935.96
Receivable financing
Accounts paid in advance 2,000.00 800,000.00
14
Other account receivable 165,263.05 115,263.05
Including: Interest receivable
Dividend receivable
Inventories 559,190.54 550,421.78
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 2,723,617.95 2,652,771.13
Total current assets 39,340,923.19 38,490,416.51
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 19,960,379.73 19,960,379.73
Investment in other equity
instrument
Other non-current financial assets
Investment real estate
Fixed assets 3,467,111.22 3,530,501.40
Construction in progress
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets 700,000.00 400,000.00
Total non-current assets 24,127,490.95 23,890,881.13
Total assets 63,468,414.14 62,381,297.64
Current liabilities
Short-term borrowings
15
Trading financial liability
Derivative financial liability
Notes payable
Account payable 104,793.58 748,604.24
Accounts received in advance
Contractual liability 14,445,423.04 14,685,423.04
Wage payable 609,824.68 1,146,371.58
Taxes payable 12,694.69 24,906.50
Other accounts payable 42,142,861.82 39,409,824.37
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities 1,089,243.63 1,101,243.63
Total current liabilities 58,404,841.44 57,116,373.36
Non-current liabilities:
Long-term loans
Bonds payable
Including: preferred stock
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 58,404,841.44 57,116,373.36
Owners’ equity:
Share capital 551,347,947.00 551,347,947.00
Other equity instrument
16
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 -1,206,791,899.16 -1,206,590,547.58
Total owner’s equity 5,063,572.70 5,264,924.28
Total liabilities and owner’s equity 63,468,414.14 62,381,297.64
3. Consolidated Profit Statement
In RMB
Item Current period Last period
I. Total operating income 23,163,329.56 7,434,449.73
Including: Operating income 23,163,329.56 7,434,449.73
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 23,368,934.41 8,330,675.93
Including: Operating cost 20,752,454.71 7,138,011.11
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 30,648.14 4,613.22
17
Sales expense 425,618.74 256,390.20
Administrative expense 1,328,263.03 566,297.41
R&D expense 856,296.32 370,866.09
Financial expense -24,346.53 -5,502.10
Including: Interest
expenses
Interest income 35,896.85 12,272.75
Add: other income 2,516.00 7,598.72
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
468.00 -7,301.89
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
-202,620.85 -895,929.37
“-”)
Add: Non-operating income 165,570.00
Less: Non-operating expense 2,676.80
IV. Total profit (Loss is listed with “-”) -202,620.85 -733,036.17
Less: Income tax expense 8,863.55
V. Net profit (Net loss is listed with “-”) -211,484.40 -733,036.17
(i) Classify by business continuity
1.continuous operating net profit
-211,484.40 -733,036.17
(net loss listed with ‘-”)
18
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
-211,535.36 -591,902.33
of parent company
2.Minority shareholders’ gains and
50.96 -141,133.84
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.Amount of financial assets
re-classify to other comprehensive
income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
19
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 -211,484.40 -733,036.17
Total comprehensive income
-211,535.36 -591,902.33
attributable to owners of parent Company
Total comprehensive income
50.96 -141,133.84
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.0004 -0.0011
(ii) Diluted earnings per share -0.0004 -0.0011
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 institute: Zhong Xiaojin
4. Profit Statement of Parent Company
In RMB
Item Current period Last period
I. Operating income 4,550,349.53 2,946,875.03
Less: Operating cost 3,639,149.53 2,554,922.61
Taxes and surcharge 3,144.60 1,832.20
Sales expenses 154,250.20 105,145.80
Administration expenses 637,813.27 306,431.73
R&D expenses 346,931.19 370,866.09
Financial expenses -27,085.77 -282.48
Including: interest
expenses
Interest income 32,653.77 2,982.02
20
Add: other income 2,501.91 6,088.07
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 “-”)
II. Operating profit (Loss is listed with
-201,351.58 -385,952.85
“-”)
Add: Non-operating income 65,570.00
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) -201,351.58 -320,382.85
Less: Income tax
IV. Net profit (Net loss is listed with
-201,351.58 -320,382.85
“-”)
(i)continuous operating net profit (net
-201,351.58 -320,382.85
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
21
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
VI. Total comprehensive income -201,351.58 -320,382.85
VII. Earnings per share:
(i) Basic earnings per share
(ii) Diluted earnings per share
5. Consolidated Cash Flow Statement
In RMB
Item Current period Last period
I. Cash flows arising from operating
activities:
22
Cash received from selling
commodities and providing labor 31,191,247.05 5,190,850.17
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 2,652.02 6,453.35
Other cash received concerning
7,188,346.22 5,623,782.06
operating activities
Subtotal of cash inflow arising from
38,382,245.29 10,821,085.58
operating activities
Cash paid for purchasing
commodities and receiving labor 28,648,220.66 6,267,803.24
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, commission
23
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 2,644,266.76 1,456,506.88
Taxes paid 335,366.77 94,267.49
Other cash paid concerning
5,355,228.27 2,542,642.11
operating activities
Subtotal of cash outflow arising from
36,983,082.46 10,361,219.72
operating activities
Net cash flows arising from operating
1,399,162.83 459,865.86
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,
5,957.99
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
5,957.99
activities
Net cash flows arising from investing
-5,957.99
activities
24
III. Cash flows arising from financing
activities
Cash received from absorbing
3,250,000.00
investment
Including: Cash received from
absorbing minority shareholders’ 3,250,000.00
investment by subsidiaries
Cash received from loans
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
3,250,000.00
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
financing activities
Subtotal of cash outflow from financing
activities
Net cash flows arising from financing
3,250,000.00
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
1,393,204.84 3,709,865.86
equivalents
Add: Balance of cash and cash
19,887,978.05 6,074,367.91
equivalents at the period -begin
VI. Balance of cash and cash
21,281,182.89 9,784,233.77
equivalents at the period -end
6. Cash Flow Statement of Parent Company
In RMB
Item Current period Last period
I. Cash flows arising from operating
25
activities:
Cash received from selling
commodities and providing labor 4,970,937.00 1,276,508.00
services
Write-back of tax received 2,652.02 6,453.35
Other cash received concerning
7,203,475.76 6,183,396.37
operating activities
Subtotal of cash inflow arising from
12,177,064.78 7,466,357.72
operating activities
Cash paid for purchasing
commodities and receiving labor 2,634,458.80 382,049.53
service
Cash paid to/for staff and workers 1,894,992.00 1,191,658.28
Taxes paid 58,250.95 74,306.27
Other cash paid concerning
4,673,488.94 2,153,942.98
operating activities
Subtotal of cash outflow arising from
9,261,190.69 3,801,957.06
operating activities
Net cash flows arising from operating
2,915,874.09 3,664,400.66
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,
5,957.99
intangible and other long-term assets
Cash paid for investment 3,250,000.00
26
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
5,957.99 3,250,000.00
activities
Net cash flows arising from investing
-5,957.99 -3,250,000.00
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
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
2,909,916.10 414,400.66
equivalents
Add: Balance of cash and cash
10,097,024.59 1,959,804.92
equivalents at the period -begin
VI. Balance of cash and cash
13,006,940.69 2,374,205.58
equivalents at the period -end
27
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new leasing
rules from 2021
□Applicable √Not applicable
2. Retrospective adjustment of the comparative data for initial new leasing rules from 2021
□Applicable √Not applicable
III. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.
Board of Directors of
Shenzhen China Bicycle Company (Holdings) Limited
29 April 2021
28
