深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Shenzhen China Bicycle Company (Holdings) Limited
First Quarterly Report 2013
April 2013
1
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
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.
Luo Guiyou, person in charge of the Company, Zhang Zebing, person in charger of accounting works and Sun
Longlong, person in charger of accounting organ (accounting officer) hereby confirm that the Financial Report of
this Quarterly Report is authentic, accurate and complete.
Except the following director, other directors are attended the Board Meeting for Quarterly Report deliberation in
person.
Name of director not attended Title of director not attended in
Reasons for absent Trustee
in person person
Kong Na Director Due to work Yang Fenbo
Cao Fang Director Due to work Li Hai
Li Bing Independent director Due to personal Zhang Xinmiao
2
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Section II. Main financial data and changes of shareholders
I. Main financial data
Whether has retroactive adjustment or re-statement on financial data of previous’ period in this report or not
□Yes √ No
Changes of this period over
Jan. – March 2013 Jan. – March 2012
same period of last year (%)
Operating income (RMB) 39,478,142.34 41,879,893.15 -5.73%
Net profit attributable to shareholders of
-26,646,803.51 -15,778,280.10 68.88%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting -26,641,212.51 -15,768,650.10 68.95%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-18,019,890.64 -1,167,450.59 1,443.52%
activities(RMB)
Basic earnings per share (RMB/Share) -0.0483 -0.0286 68.88%
Diluted earnings per share (RMB/Share) -0.0483 -0.0286 68.88%
Changes of this period-end
2013-3-31 2012-12-31 over same period-end of last
year (%)
Total assets (RMB) 163,359,115.93 162,649,076.30 0.44%
Net assets attributable to shareholder of
-1,736,098,059.92 -1,709,451,256.41 1.56%
listed company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
Unit: RMB
Amount from year-begin to
Item Note
period-end
Other non-operating income and expenditure except for the
-5,591.00
aforementioned items
Total -5,591.00 --
II. Total number of shareholders at the end of this report period and top ten shareholders
Unit: Share
Total number of shareholders
34,430
at the end of report period
Top ten shareholders
Shareholder’s Nature of Proportion of Amount of shares Amount of Number of share pledged/frozen
name shareholder shares held (%) held restricted shares State of share Amount
3
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
held
Shenzhen
Guocheng Energy Domestic
Investment non-state-owned 11.81% 65,098,412 9,963,618 0
Development legal person
Co., Ltd.
Hong Kong
Zhuorun Foreign legal
8% 44,104,246 0 0
Technology Co., person
Ltd.
Domestic nature
Zeng Ying 1.25% 6,894,257 0 0
person
Shenzhen
Kangsheng Domestic
Investment non-state-owned 1.08% 5,972,500 0 0
Development legal person
Co., Ltd.
Jingchao
Foreign legal
Investment Co., 0.91% 5,001,944 0 0
person
Ltd.
Domestic nature
Li Gaofeng 0.42% 2,293,241 0 0
person
Domestic nature
Wang Haoyu 0.4% 2,221,933 0 0
person
TANG JING Domestic nature
0.4% 2,213,175 0 0
YUAN person
GUOTAI
JUNAN
Foreign legal
SECURITIES(H 0.4% 2,208,017
person
ONGKONG)
LIMITED
Domestic nature
Liu Xiuhuang 0.37% 2,061,707 0 0
person
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Shenzhen Guocheng Energy RMB ordinary
55,134,797 55,134,797
Investment Development Co., Ltd. shares
Hong Kong Zhuorun Technology RMB ordinary
44,104,246 44,104,246
Co., Ltd. shares
4
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Domestically
Zeng Ying 6,894,257 listed foreign 6,894,257
shares
Shenzhen Kangsheng Investment RMB ordinary
5,972,500 5,972,500
Development Co., Ltd. shares
RMB ordinary
Jingchao Investment Co., Ltd. 5,001,944 5,001,944
shares
Domestically
Li Gaofeng 2,293,241 listed foreign 2,293,241
shares
RMB ordinary
Wang Haoyu 2,221,933 2,221,933
shares
Domestically
TANG JING YUAN 2,213,175 listed foreign 2,213,175
shares
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 2,208,017 listed foreign 2,208,017
LIMITED shares
Domestically
Liu Xiuhuang 2,061,707 listed foreign 2,061,707
shares
The top 10 shareholders of the Company had no related relationship with each other, and they
are not concerted action persons ruled in the Administration Norms for Information
Note of related relationship among
Disclosure of Change on Shareholding of Shareholders of Listed Companies. Whether
the above shareholders and
shareholders of other unknown tradable stocks have related relationship with each other, and
concerted actors
whether they belong to concerted action persons ruled in the Administration Norms for
Information Disclosure of Change on Shareholding of Shareholders of Listed Companies.
Statement of shareholders
participating in securities margin N/A
trading business (if applicable)
5
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
1. Monetary funds decreased 34.40% than the period-begin, mainly due to the employee compensation paid at first quarter.
2. Notes receivable increased 791.58% than the period-begin, due to the increase of the subsidiary Emmelle notes receivable.
3. Accounts receivable decreased 71.65% than the period-begin, due to the decrease of the subsidiary Emmelle receivables.
4. Advance payment decreased 35.12% than the period-begin, due to the decrease of the subsidiary Emmelle advance payment.
5. Inventory increased 62.55% than the period-begin, mainly because inventory of the subsidiary Emmelle increased to stock up for
season of sales.
6. Payment in advance increased 31.06% than the period-begin, mainly because the increase of the subsidiary Emmelle payment in
advance.
7. Management expense increased 546.72% than the same period of last year, main due to the provision of employee compensation at
first quarter.
8. Financial expense decreased 100.75% than the same period of last year, mainly because the company had bankruptcy
reorganization and no provision for interest and main due to bank interest income.
II. Analysis and explanation of significant events and their influence and solutions
I. Non-standard opinion
Financial Report of the Company for year of 2012 was audited by Crowe Horwath China CPA (LLP) with
disclaimer of opinion issued. In according to regulation of Rules Governing the Listing of Stocks on Shenzhen
Stock Exchange, the specific explanations with events involved in audit report from the Board are:
Disclaimer of opinion from CPA:
1. CBC started reforming on 25th, Oct., 2012, tax administration, customs, finance, guarantees, suppliers, and
other creditors have declared financial claims to the custodian, up to the audit report date, the financial claims
declaration has amounted to RMB 3,453,252,904.97 yuan, the total amount of financial claims that the custodian
has confirmed and enrolled in The Form of Claims was 1,875,616,630.22 yuan, above-mentioned financial claims
declared by the creditors are different from the accounting and haven’t been ruled by the court, Crowe Horwath
China CPAs cannot confirm its effects on financial statements of China Bicycle Company.
2. Refer to the statement in Note X.: ended as 31 December 2012, total assets of CBC was 162,649,076.30 yuan,
total liability was 1,872,039,760.06 yuan while net assets was -1,709,390,683.76 yuan for serious insolvency
resulted with vary huge over due debts, taxes and lawsuit debts arising from external guarantee and overdue debts;
Being application from first majority shareholder and largest creditor of CBC, Shenzhen Guosheng Energy
Investment Development Co., Ltd, CBC was ruled to reorganize since 25 October 2012 by Shenzhen Intermediate
People’s Court. As to the end of audit reporting date, CBC still in process of reorganization without judge from
Shenzhen Intermediate People’s Court, Crowe Horwath China is unable to obtained complete-ness and properly
6
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
auditing evidence to guarantee whether it can improve the sustainable operational ability for China Bicycle.
Therefore, Crowe Horwath China fail to judge the appropriate-ness of the financial statement 2012 of CBC that
prepared under the sustainable hypothesis.
Specific explanation from the Board:
On 11th, May 2012, the largest shareholder and biggest creditor of the Company, Shenzhen Guosheng Energy
Investment and Development Co., Ltd. applied to Shenzhen Municipal Intermediate People's Court for reforming
the Company as the Company couldn’t pay off the matured debts and was seriously insolvent. On 12th, Oct., 2012,
Shenzhen Municipal Intermediate People's Court ruled to accept the application proposed by Guosheng Energy
according to (2012) Shenzhen Intermediate Court Po Zi No. 30 civil ruling. In late October, 2012, Shenzhen
Municipal Intermediate People's Court ruled to reform the Company since 25th, Oct., 2012 according to (2012)
Shenzhen Intermediate Court Po Zi No. 30-1 civil ruling, appointed King & Wood (Shenzhen) Mallesons and
Shenzhen Zhengyuan Liquidation Affairs Co., Ltd. as the custodians of the Company. At the same time, Shenzhen
Municipal Intermediate People's Court made (2012) Shenzhen Intermediate Court Po Zi No. 30-1 written decision,
and approved the Company to manage property and business affairs by itself under the supervision of custodians
according to the law. After the Company entered bankruptcy reorganization procedures, in accordance with the
relevant regulations of Enterprise Bankruptcy Law of the People's Republic of China, the custodians started
creditor's rights declaring registration and examination, and the first meeting of creditors of the Company’s
reorganization case was presided over by Shenzhen Municipal Intermediate People's Court and convoked on 11th,
Dec., 2012. At present, the reforming is being advanced, the Company will solve the debt crisis via the reforming,
introduce strong recombination party, and transfuse high quality assets so as to recover the Company’s sustainable
operation ability and profitability and realize benign development of the Company.
II. Bankruptcy reorganization
On 11th, May, 2012, the largest shareholder and biggest creditor of the Company, Shenzhen Guosheng Energy
Investment and Development Co., Ltd. applied to Shenzhen Municipal Intermediate People's Court for reforming
the Company as the Company couldn’t pay off the matured debts and was seriously insolvent. On 12th, Oct., 2012,
Shenzhen Municipal Intermediate People's Court ruled to accept the application proposed by Guosheng Energy
according to (2012) Shenzhen Intermediate Court Po Zi No. 30 civil ruling. On 24th, Oct., 2012, Shenzhen
Municipal Intermediate People's Court ruled to reform the Company since 25th, Oct., 2012 according to (2012)
Shenzhen Intermediate Court Po Zi No. 30-1 civil ruling, appointed King & Wood (Shenzhen) Mallesons and
Shenzhen Zhengyuan Liquidation Affairs Co., Ltd. as the custodians of the Company. On the same day, Shenzhen
Municipal Intermediate People's Court made (2012) Shenzhen Intermediate Court Po Zi No. 30-1 written decision,
and approved the Company to manage property and business affairs by itself under the supervision of custodians
according to the law. After the Company entered bankruptcy reorganization procedures, in accordance with the
relevant regulations of Enterprise Bankruptcy Law of the People's Republic of China, the custodians started
creditor's rights declaring registration and examination, and the first meeting of creditors of the Company’s
reorganization case was presided over by Shenzhen Municipal Intermediate People's Court and convoked on 11th,
Dec., 2012. At present, the reforming is being advanced.
7
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
In the course of reforming, the Company exists the risks of being suspended according to the regulations of
“Listing Rules”, or being declared bankruptcy liquidation in accordance with the regulations of “Enterprise
Bankruptcy Law of the People's Republic of China” (Reforming plan failed); if the Company is declared
bankruptcy liquidation, the stock of the Company will face the risk of being delisted.
After entering bankruptcy reorganization procedures, under the supervision of court and custodians, the Company
always positively prepares the establishment of reforming plan draft. On 29th, Oct., 2012, Supreme People's Court
promulgated Colloquia Summary About Hearing Bankruptcy Reorganization Cases of Listed Companies”, raised
high demands for the debtor’s management plan included in reforming plan draft, especially for the administrative
approval related to the acquisition and reorganization, the Company should engage relevant organization to
establish data in accordance with the requirements of securities regulatory institution to serve as the necessary
documents for reforming plan draft and management plan. Our company concentrates the recent work on the
argumentation of above-mentioned items, especially on the selection of the reorganization party and the design of
acquisition and reorganization program. Except confirming the debtor’s management plan, the reforming plan
draft should confirm assets and liabilities on the reforming acceptance date, i.e. 12th, Oct., 2012, and those data
depend on asset appraisal result and review result of creditor's rights. Up to middle April of 2013, asset appraisal
result and review result of creditor's rights haven’t been completed yet, the Company has communicated with the
custodian, and submitted the custodian to coordinate asset evaluation agency to confirm the asset appraisal result,
complete the investigation of creditor's rights and apply for the court ruling confirmation.
In accordance with the provisions of Article 79 (2) of Enterprise Bankruptcy Law of the People's Republic of
China, if the debtor cannot submit reforming plan draft to People's Court and meeting of creditors within six
months since the People's Court rules the date of reforming, People's Court can rule to postpone three months if
the debtor makes request and has just causes. As the court ruled to reform Shenzhen China Bicycle (Group) Co.,
Ltd. since 25th, Oct., 2012, the Company estimates that it cannot formally submit reforming plan draft before 24th,
Apr., 2013, and submits extension request to Shenzhen Municipal Intermediate People's Court. On 22nd, Apr.,
2013, the Company has received (2012) Shenzhen Intermediate Court Po Zi No. 30-3 civil ruling of Shenzhen
Municipal Intermediate People's Court, which rules that the submission date of reforming plan draft delays to 25th,
Jul., 2013. At present, the establishment of reforming plan draft is underway.
Information index for temporary report
Overview Date for disclosure
disclosure
III. Commitments make within the report period or persisted to the period by the Company
or shareholder with over 5 percent shares held
Item of Commitments Promisee Content of commitments Date Term Implementation
The original non-circulated shares are not available
Shenzhen for trading or transfer in 12 months since Reform
Commitments for implemented; after the aforesaid period expired, Obey the
Guosheng 2006-12-29
changing equity original shareholders with over 5% of non-circulated commitments
Energy shares held can list the share on Shenzhen Stock
Exchange; the proportion of sold shares should be
8
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Development over 5% within 12 months and no more 10% deal in
24 months.
Co., Ltd,
Commitments made in
acquisition report or
equity change report
Commitments made in
assets reorganization
Commitments made in
initial public offering
or refinancing
Other commitments for
small and medium
shareholders of the
company
Perform the
commitment promptly Yes
or not
Specific reason
For non-performance -
and the next plan
Make commitment in
respect of the
No
competition and related
transaction or not
Solution period for
-
commitment
Solution method -
Performance of
-
commitment
IV. Predict of the business performance from January to June 2013
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
loss or have great changes comparing with the same period of last year
□Applicable √Not applicable
V. Registration form for receiving research, communication and interview in the report
period
Contents discussed and
Date Place Method Type of investors Investor
materials supplied
The office of Telephone Shareholding of Progress of the company
Jan. – March 2013 Individual
company communication circulating shares reorganization
9
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
Unit: RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 34,371,041.16 52,395,360.86
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 14,513,238.84 1,627,810.00
Accounts receivable 1,701,674.59 6,002,162.94
Accounts paid in advance 538,459.13 829,956.13
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 23,514,289.17 23,467,668.87
Purchase restituted finance asset
Inventories 28,628,834.90 17,612,197.85
Non-current asset due within one
year
Other current assets
Total current assets 103,267,537.79 101,935,156.65
Non-current assets:
Granted loans and advances
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
10
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Long-term equity investment 2,619,840.50 2,619,840.50
Investment property 21,152,489.59 21,395,176.24
Fixed assets 12,806,260.38 12,970,199.73
Construction in progress
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 23,512,987.67 23,728,703.18
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 60,091,578.14 60,713,919.65
Total assets 163,359,115.93 162,649,076.30
Current liabilities:
Short-term loans 355,796,107.93 355,796,107.93
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Notes payable
Accounts payable 139,319,617.39 118,475,773.47
Accounts received in advance 17,902,780.33 13,660,199.55
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 3,717,275.09 3,983,845.52
Taxes payable 95,936,244.07 95,980,708.60
Interest payable 230,575,685.75 230,575,685.75
Dividend payable
11
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Other accounts payable 433,786,244.21 431,275,594.67
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due within 1
453,747,741.58 453,747,741.58
year
Other current liabilities 2,352,450.07 2,331,150.07
Total current liabilities 1,733,134,146.42 1,705,826,807.14
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities 166,212,952.92 166,212,952.92
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 166,212,952.92 166,212,952.92
Total liabilities 1,899,347,099.34 1,872,039,760.06
Owner’s equity (or shareholders’
equity):
Paid-in capital (or share capital) 551,347,947.00 551,347,947.00
Capital public reserve 486,589,213.20 486,589,213.20
Less: Inventory shares
Reasonable reserve
Surplus public reserve 32,673,227.01 32,673,227.01
Provision of general risk
Retained profit -2,806,708,447.13 -2,780,061,643.62
Balance difference of foreign
currency translation
Total owner’s equity attributable to
-1,736,098,059.92 -1,709,451,256.41
parent company
Minority interests 110,076.51 60,572.65
Total owner’s equity (or shareholders’
-1,735,987,983.41 -1,709,390,683.76
equity)
Total liabilities and owner’s equity(or
163,359,115.93 162,649,076.30
shareholders’ equity)
12
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Legal representative: Luo Guiyou
Person in charger of accounting works: Zhang Zebing
Person in charger of accounting organ: Sun Longlong
2. Balance sheet of parent company
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
Unit: RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 11,628,872.05 31,432,888.50
Transaction finance asset
Notes receivable
Accounts receivable 1,094,396.60 1,014,896.60
Accounts paid in advance
Interest receivable
Dividend receivable
Other receivables 47,226,541.73 52,910,895.39
Inventories 9,711,491.07 9,779,439.79
Non-current asset due within one
year
Other current assets
Total current assets 69,661,301.45 95,138,120.28
Non-current assets:
Finance asset available for sales
Held-to-maturity securities
Long-term account receivable
Long-term equity investment 2,619,840.50 2,619,840.50
Investment property 21,152,489.59 21,395,176.24
Fixed assets 12,527,502.91 12,676,971.13
Construction in progress
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 23,512,987.67 23,728,703.18
Expense on Research and
13
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 59,812,820.67 60,420,691.05
Total assets 129,474,122.12 155,558,811.33
Current liabilities:
Short-term loans 320,902,551.61 320,902,551.61
Transaction financial liabilities
Notes payable
Accounts payable 124,098,936.31 124,098,936.31
Accounts received in advance 10,664,592.85 10,664,592.85
Wage payable 2,016,190.63 2,151,710.33
Taxes payable 95,221,288.01 94,891,954.20
Interest payable 230,575,685.75 230,575,685.75
Dividend payable
Other accounts payable 386,999,842.74 386,975,286.77
Non-current liabilities due within 1
453,747,741.58 453,747,741.58
year
Other current liabilities 2,320,660.19 2,320,660.19
Total current liabilities 1,626,547,489.67 1,626,329,119.59
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable
Special accounts payable
Projected liabilities 166,212,952.92 166,212,952.92
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 166,212,952.92 166,212,952.92
Total liabilities 1,792,760,442.59 1,792,542,072.51
Owner’s equity (or shareholders’
equity):
Paid-in capital (or share capital) 551,347,947.00 551,347,947.00
14
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Capital public reserve 486,589,213.20 486,589,213.20
Less: Inventory shares
Reasonable reserve
Surplus public reserve 32,673,227.01 32,673,227.01
Provision of general risk
Retained profit -2,733,896,707.68 -2,707,593,648.39
Balance difference of foreign
currency translation
Total owner’s equity(or shareholders’
-1,663,286,320.47 -1,636,983,261.18
equity)
Total liabilities and owner’s equity(or
129,474,122.12 155,558,811.33
shareholders’ equity)
Legal representative: Luo Guiyou
Person in charger of accounting works: Zhang Zebing
Person in charger of accounting organ: Sun Longlong
3. Consolidated Profit Statement
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
Unit: RMB
Items Amount at this period Amount at last period
I. Total operating income 39,478,142.34 41,879,893.15
Including: Operating income 39,478,142.34 41,879,893.15
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 66,069,850.99 57,648,543.25
Including: Operating cost 33,710,828.17 36,725,622.06
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
Operating tax and extras 59,938.33 33,600.52
15
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Sales expenses 941,513.94 1,249,797.96
Administration expenses 31,468,393.66 4,865,871.37
Financial expenses -110,823.11 14,773,651.34
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
with “-”)
Including: Investment income on
affiliated company and joint venture
Exchange income (Loss is listed
with “-”)
III. Operating profit (Loss is listed
-26,591,708.65 -15,768,650.10
with “-”)
Add: Non-operating income 1,245.00 1,800.00
Less: Non-operating expense 6,836.00 11,430.00
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with
-26,597,299.65 -15,778,280.10
“-”)
Less: Income tax
V. Net profit (Net loss is listed with “-”) -26,597,299.65 -15,778,280.10
Including: Net profit achieved by the
merged party before the merger
Net profit attributable to owner’s
-26,646,803.51 -15,778,280.10
equity of parent company
Minority shareholders’ gains and
49,503.86
losses
VI. Earnings per share -- --
i. Basic earnings per share -0.0483 -0.0286
ii. Diluted earnings per share -0.0483 -0.0286
VII. Other consolidated income
VIII. Total consolidated income -26,597,299.65 -15,778,280.10
Total consolidated income attributable
-26,646,803.51 -15,778,280.10
to owners of parent company
Total consolidated income
49,503.86
attributable to minority shareholders
Legal representative: Luo Guiyou
Person in charger of accounting works: Zhang Zebing
Person in charger of accounting organ: Sun Longlong
16
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
4. Profit statement of parent company
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
Unit: RMB
Items Amount at this period Amount at last period
I. Operating income 6,172,431.82 6,045,937.76
Less: Operating income 1,495,002.40 1,608,119.60
Operating tax and extras
Sales expenses
Administration expenses 31,045,455.46 4,407,326.41
Financial expenses -70,557.75 14,784,310.75
Losses of devaluation of asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss is listed
with “-”)
Including: Investment income on
affiliated company and joint venture
II. Operating profit (Loss is listed
-26,297,468.29 -14,753,819.00
with “-”)
Add: Non-operating income 1,245.00 1,800.00
Less: Non-operating expense 6,836.00 11,430.00
Including: Disposal loss of
non-current asset
III. Total Profit (Loss is listed with
-26,303,059.29 -14,763,449.00
“-”)
Less: Income tax
IV. Net profit (Net loss is listed with
-26,303,059.29 -14,763,449.00
“-”)
V. Earnings per share -- --
i. Basic earnings per share -0.0477 -0.0268
ii. Diluted earnings per share -0.0477 -0.0268
VI. Other consolidated income
VII. Total consolidated income -26,303,059.29 -14,763,449.00
Legal representative: Luo Guiyou
Person in charger of accounting works: Zhang Zebing
Person in charger of accounting organ: Sun Longlong
17
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
5. Consolidated cash flow statement
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
Unit: RMB
Items Amount at this period Amount at last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 20,916,481.41 36,752,304.87
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
Insured savings and net increase of
investment
Net increase of disposal of
transaction financial asset
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Write-back of tax received
Other cash received concerning
12,913,898.92 6,483,287.57
operating activities
Subtotal of cash inflow arising
33,830,380.33 43,235,592.44
from operating activities
Cash paid for purchasing
commodities and receiving labor 17,137,023.92 32,871,525.36
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
18
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 30,362,714.97 4,680,063.76
Taxes paid 877,817.29 3,409,295.87
Other cash paid concerning
3,472,714.79 3,442,158.04
operating activities
Subtotal of cash outflow arising
51,850,270.97 44,403,043.03
from operating activities
Net cash flows arising from
-18,019,890.64 -1,167,450.59
operating 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,
4,429.06 4,358.98
intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from
4,429.06 4,358.98
investing activities
Net cash flows arising from
-4,429.06 -4,358.98
investing activities
III. Cash flows arising from financing
activities
Cash received from absorbing
19
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
investment
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
Cash received from loans
Cash received from issuing bonds
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
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 activities
IV. Influence on cash due to fluctuation
in exchange rate
V. Net increase of cash and cash
-18,024,319.70 -1,171,809.57
equivalents
Add: Balance of cash and cash
52,395,360.86 24,546,601.39
equivalents at the period -begin
VI. Balance of cash and cash
34,371,041.16 23,374,791.82
equivalents at the period -end
Legal representative: Luo Guiyou
Person in charger of accounting works: Zhang Zebing
Person in charger of accounting organ: Sun Longlong
6. Cash flow statement of parent company
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
Unit: RMB
Items Amount at this period Amount at last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 1,365.00
services
20
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
Write-back of tax received
Other cash received concerning
12,754,323.86 3,265,004.96
operating activities
Subtotal of cash inflow arising
12,754,323.86 3,266,369.96
from operating activities
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 28,751,436.59 93,605.20
Taxes paid 540,206.58 7,321.63
Other cash paid concerning
3,266,697.14 3,158,925.12
operating activities
Subtotal of cash outflow arising
32,558,340.31 3,259,851.95
from operating activities
Net cash flows arising from
-19,804,016.45 6,518.01
operating 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,
2,717.95
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units
Other cash paid concerning
investing activities
Subtotal of cash outflow from
2,717.95
investing activities
Net cash flows arising from investing
-2,717.95
activities
21
深圳中华自行车(集团)股份有限公司 2013 年第一季度报告全文
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
Cash received from loans
Cash received from issuing bonds
Other cash received concerning
financing activities
Subtotal of cash outflow 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 due to fluctuation
in exchange rate
V. Net increase of cash and cash
-19,804,016.45 3,800.06
equivalents
Add: Balance of cash and cash
31,432,888.50 561,283.08
equivalents at the period -begin
VI. Balance of cash and cash
11,628,872.05 565,083.14
equivalents at the period -end
Legal representative: Luo Guiyou
Person in charger of accounting works: Zhang Zebing
Person in charger of accounting organ: Sun Longlong
II. Audit report
Whether the first quarterly report had been audited or not
□ Yes √ No
22
