深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Shenzhen China Bicycle Company (Holdings) Limited
THE THIRD QUARTERLY REPORT FOR 2013
October 2013
1
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Indication of major risks
I. On 24 October 2012, a “Civil Ruling Paper” (2012) Shen Zhong Fa Po Zi No.
30-1 was ruled by Shenzhen Intermediate People’s Court for reorganization of
the Company since 25 October 2012; King & Wood Mallesons (Shenzhen) and
Shenzhen Zhengyuan Liquidation Co., Ltd. was appointed as administrator for
the Company. In accordance with regulation of article 13.2.7 of Rules Governing
the Listing of Stock on Shenzhen Stock Exchange, the stock of the Company
suspended since 13 November 2012, resumption should apply to Shenzhen Stock
Exchange by the Company till the reorganization plan was ruled by Shenzhen
Intermediate People’s Court. Vary reorganization works still in process recently.
During reorganization, the Company has suspended risk due to regulation of
Listing Rules, or has risks of declared bankrupt liquidation due to the reasons
regulated pursuit to Enterprise Bankruptcy Law of the People’s Republic of
China; if the Company declared bankrupt liquidation, stock of the Company
will at risk of de-listing. Majority investors are advice to exercise rational
investment with risks attention.
II. Owing to the negative amount of audited closing net assets for year of 2012,
accounting statement of the Company was issued an audit report with
disclaimer of opinion, in accordance with relevant regulations of Rules
Governing the Listing of Stocks on Shenzhen Stock Exchange (Revised in 2012),
the Company will has warning of delisting risk implemented. Since bankruptcy
reorganization implemented from 25 October 2012 ruled by Shenzhen
Intermediate People’s Court, stock of the Company was implemented risk
warning and suspended, therefore the Company continues to implemented
warning of delisting risk. If the audited net assets at period-end for year of
2013 continues to be negative, or the audit report continues to be issued with
disclaimer of opinion or adverse opinion, the stock of the Company will suspend
according to the Rules Governing the Listing of Stocks on Shenzhen Stock
Exchange.
2
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
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 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 Luo Guiyou, Person in Charge of Accounting Works Li Hai and Person in Charge of
Accounting Organ (Accounting Officer) Sun Longlong hereby confirm that the Financial Report of the Third
Quarterly Report is authentic, accurate and complete.
3
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Section II. Main accounting data and changes of shareholders
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
Current period-end Period-end of last year Increase/decrease (%)
Total assets(RMB) 174,455,867.41 162,649,076.30 7.26%
Net assets attributable to
shareholders of listed company -1,736,414,259.06 -1,709,451,256.41 1.58%
(RMB)
Increase/decrease in
Increase/decrease in comparison with
Year-begin to end of
Current period comparison with same year-begin to
the Period
period of last year (%) Period-end of last year
(%)
Operating revenue (RMB) 95,324,387.74 11.47% 200,227,908.32 0.77%
Net profit attributable to
shareholders of the listed company 2,320,605.55 115.65% -26,963,002.65 44.03%
(RMB)
Net profit attributable to
shareholders of the listed company
2,325,966.97 115.73% 4,523,091.03 109.39%
after deducting non-recurring gains
and losses(RMB)
Net cash flow arising from
-- -- -12,259,564.26 -387.93%
operating activities(RMB)
Basic earnings per share
0.0042 115.65% -0.0489 44.03%
(RMB/Share)
Diluted earnings per share
0.0042 115.65% -0.0489 44.03%
(RMB/Share)
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Amount from year-begin to
Item Note
end of the Period
Gains/losses from the disposal of non-current asset (including the
15,100.00
write-off that accrued for impairment of assets)
4
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Reorganization expenses, such as expenditure for allocation of Expenditure for allocation of
-31,521,787.26
employees and integration fee employees
Other non-operating income and expenditure except for the
20,593.58
aforementioned items
Total -31,486,093.68 --
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
II. Statement of the total shareholders and shares-held of top ten shareholders at end of the
Period
In Share
Total shareholders at period-end 34,424
Shares-held of top ten shareholders
Number of share
Proportion Amount of
Nature of Amount of pledged/frozen
Shareholders of shares restricted shares
shareholder shares held State of
held (%) held Amount
share
Domestic
Shenzhen Guosheng Energy
non-State-owned 11.81% 65,098,412 9,963,618
Investment Development Co., Ltd.
legal person
Foreign legal
Zhuorun Technology Co., Ltd. 8% 44,104,246 0
person
Domestic nature
Zeng Ying 1.25% 6,894,257 0
person
Domestic
Shenzhen Kangsheng Investment
non-State-owned 1.08% 5,972,500 0
Development Co., Ltd.
legal person
Foreign legal
Jingchao Investment Co., Ltd. 0.91% 5,001,944 0
person
Domestic nature
Li Gaofeng 0.42% 2,293,241 0
person
Domestic nature
Wang Haoyu 0.4% 2,221,933 0
person
Domestic nature
TANG JING YUAN 0.4% 2,213,175 0
person
5
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
GUOTAI JUNAN
Foreign legal
SECURITIES(HONGKONG) 0.4% 2,208,017 0
person
LIMITED
Domestic nature
Liu Xiuhuang 0.37% 2,061,707 0
person
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 RMB ordinary
55,134,794 55,134,794
Investment Development Co., Ltd. shares
RMB ordinary
Zhuorun Technology Co., Ltd. 44,104,246 44,104,246
shares
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
Among the other circulating shareholders, the Company was unaware of whether there
Explanation on associated relationship existed associated relationship or whether there existed consistent actionist regulated in the
among the aforesaid shareholders Management Measure of Information Disclosure on Change of Shareholding for Listed
Companies.
Explanation on shareholders involving
N/A
margin business (if applicable)
6
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Whether has a buy-back agreement dealing in reporting period
□Yes √No
7
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial
indexes as well as reasons
1. Note receivable: amount of period-end increased 192.31% over that of period-beginning, mainly because the acceptance draft
settled from clients increased in subsidiary EMMELLE;
2. Account receivable: amount of period-end decreased 84.92% over that of period-beginning, mainly because account for goods are
collected by subsidiary EMMELLE;
3. Account paid in advance: amount of period-end increased 846.97% over that of period-beginning, mainly due to the settlement
way of business from subsidiary EMMELLE;
4. Inventory: amount of period-end increased 155.00% over that of period-beginning, mainly due to the preparation for peak seasons
from subsidiary EMMELLE;
5. Account received in advance: amount of period-end increased 65.38% over that of period-beginning, mainly because the accont
received in advance for peak seasons increased from subsidiary EMMELLE;
6. Sales expenses: the Period (from Jan. to Sept.) increased 94.78% over that of same period of last year, mainly because the market
expense was accrued in advance by subsidiary EMMELLE for peak season;
7. Administration expense: the Period (from Jan. to Sept.) increased 202.85% over that of same period of last year, mainly because
the staff labor-credit was clear-off in the Period due to reorganization;
8. Finance expenses: the Period (from Jan. to Sept.) decreased 100.57% over that of same period of last year, mainly because no
interest expenses will withdrawal in the Period due to reorganization;
9. Net profit: the Period (from Jan. to Sept.) losses 44.01% over that of same period of last year, mainly because (i) the finance
expense drop dramatically because no debt interest will withdrawal in the Period due to reorganization and (ii) the administration
expenses increased due to the clear-off of staff labor-credit in Period
II. Progress of significant events, their influences, and analysis and explanation of their
solutions
(I) Reorganization of the Company:
On 11 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. According to the legal provisions, the company has established the reorganization plan draft, and submitted to Shenzhen
Intermediate People's Court and the meeting of creditors of the company within the legal time limit. On 31st, Jul., 2013, the
company has received the written ruling for confirming the financial claim from the court and announced it. Soon afterwards, the 2nd
8
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
meeting of creditors and contributors about the reorganization of CBC were call in the 1st approval court of Shenzhen Intermediate
People's Court respectively at A.M and P.M of 22 August 2013, the meeting deliberate and vote the reorganization draft of CBC and
adjustment of contributor’s equity, and the contributor meeting open a network voting at the same time. Being approved, voting term
for general creditor will last to 3 o’clock P.M of 10 September 2013 due to part of the creditors in the meeting have no authorized to
voting on-site. After the vote, tax creditor’s rights group passed the draft of reorganization plan, ordinary creditor’s right gourp fail to
pass the plan and contributors group passed the euqity adjustment plan involved in the reorganization plan draft. With purpose of
protect the creditor’s rights totally, and in line with relevant regulation of Enterprise Bankruptcy Law, the ordinary creditor’s right
gourp will vote for the plan again, and the re-voting will end at 3 o’clock P.M of 15 October 2013. After the vote, the ordinary
creditor’s right gourp passed the draft of reorganization plan. In light of the draft of reorganization plan passed by ordinary creditor’s
right gourp and tax creditor’s rights group by voting and the contributors’s equity adjustment plan passed by contributors group, the
Company will apply to Shenzhen Intermediate People's Court for reorganization plan timely by law. In addition, in line with the
separation of duties approved by the Court, the Company’s administrator start the assets disposal in order to rapid up the disposal of
reorganized assets and follow-up discharged claim. On 16 October 2013, the land use right and gound property buildings of the lands
(127,000 m2)locates at Zhonghua Industry Park, Longhua District, Shenzhen, were sell by public auction by Shenzhen Land & Real
Estate Exchange Center, and the land was won by Shenzhen Land Reserved Center with closing cost of RMB 1607 million. The
reorganization works still in process recently.
(II) Explanation from the Board for “Qualified Opinion” of last year’s
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
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
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
9
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
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. According to the legal provisions, the company has established the reorganization plan draft, and submitted to Shenzhen
Intermediate People's Court and the meeting of creditors of the company within the legal time limit. On 31st, Jul., 2013, the
company has received the written ruling for confirming the financial claim from the court and announced it. Soon afterwards, the 2nd
meeting of creditors and contributors about the reorganization of CBC were call in the 1st approval court of Shenzhen Intermediate
People's Court respectively at A.M and P.M of 22 August 2013, the meeting deliberate and vote the reorganization draft of CBC and
adjustment of contributor’s equity, and the contributor meeting open a network voting at the same time. Being approved, voting term
for general creditor will last to 3 o’clock P.M of 10 September 2013 due to part of the creditors in the meeting have no authorized to
voting on-site. After the vote, tax creditor’s rights group passed the draft of reorganization plan, ordinary creditor’s right gourp fail to
pass the plan and contributors group passed the euqity adjustment plan involved in the reorganization plan draft. With purpose of
protect the creditor’s rights totally, and in line with relevant regulation of Enterprise Bankruptcy Law, the ordinary creditor’s right
gourp will vote for the plan again, and the re-voting will end at 3 o’clock P.M of 15 October 2013. After the vote, the ordinary
creditor’s right gourp passed the draft of reorganization plan. In light of the draft of reorganization plan passed by ordinary creditor’s
right gourp and tax creditor’s rights group by voting and the contributors’s equity adjustment plan passed by contributors group, the
Company will apply to Shenzhen Intermediate People's Court for reorganization plan timely by law. 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.
III. Commitments made by the Company or shareholders holding above 5% shares of the
Company in reporting period or made in previous period and extending to reporting period
Commitme Commitment Implementa
Commitments Accepter Contents
nt date term tion
The original non-circulated
shares are not available for
trading or transfer in 12
months since Reform
implemented; after the
Shenzhen Guosheng
aforesaid period expired,
Energy Development
Commitments for original shareholders with Implemente
Co., Ltd,; Zhuorun 2006-12-29
Share Merger Reform over 5% of non-circulated d
Technology Co.,
shares held can list the share
Ltd.
on Shenzhen Stock
Exchange; the proportion of
sold shares should be over
5% within 12 months and no
more 10% deal in 24 months.
10
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Commitments made in acquisition
report or equity change report
Commitments in assets reorganization
Commitments in initial public offering
or refinancing
Other commitments for medium and
small shareholders
Completed on time or not Yes
IV. Estimation of operation performance for year of 2013
Estimation of 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 of reason
□Applicable √Not applicable
V. Particular about security investment
Amount
Proportio Amount
of
Initial n of of
Proportio
stock-hol n of Book Gains and
Short investme stock-hol stock-hol
Variety of Code of ding at the stock-hol value at loss in the Accounti Source of
form of nt ding at the ding at ding at the the end of
securities securities
securities beginning end of the the period reporting ng subject stock
cost(RM beginning the end of
of the period (RMB) (RMB)
B) of the the period (%)
period
period (% (Share)
(Share)
Total 0.00 0 -- 0 -- 0.00 0.00 -- --
Disclosure date of securities
investment approval from the
Board
Disclosure date of securities
investment approval from
Shareholders’ Meeting (if
applicable)
Explanation on equity of other listed company held
□Applicable √Not applicable
VI. Particulars about derivatives investment
In ten thousand Yuan
Whether Investme Amount Investme Ratio of Actual
Related Initial
related nt amount of reserve nt amount investmen gains/loss
Operator relationsh Type investmen Start date End date
trade or at for at t amount es in
ip t
not period-be devaluati period-en at period
11
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
gin on of d period-en
withdrawi d in net
ng (if assets of
applicable the
) Company
at
period-en
d (%)
Total 0 -- -- 0 0 0 0% 0
Capital resource N/A
Disclosure date of derivative investment
approval from the Board (if applicable)
Disclosure date of derivative investment
approval from the Shareholders’ Meeting
(if applicable)
VII. Registration form of receiving research, communication and interview in the report
period
Content discussed and
Date Place Way Type Object
documents provided
From January to The company Shareholder of Progress of reorganization
Telephone Personal
September 2013 office tradable shares of the Company
12
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 41,999,367.54 52,395,360.86
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 4,758,247.00 1,627,810.00
Accounts receivable 905,162.19 6,002,162.94
Accounts paid in advance 7,859,423.54 829,956.13
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable
Other receivables 17,031,659.31 23,467,668.87
Purchase restituted finance asset
Inventories 44,911,610.25 17,612,197.85
Non-current asset due within one
year
Other current assets
Total current assets 117,465,469.83 101,935,156.65
Non-current assets:
Granted loans and advances
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 2,619,840.50 2,619,840.50
13
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Investment property 20,667,116.29 21,395,176.24
Fixed assets 10,621,884.14 12,970,199.73
Construction in progress
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 23,081,556.65 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 56,990,397.58 60,713,919.65
Total assets 174,455,867.41 162,649,076.30
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 147,789,528.81 118,475,773.47
Accounts received in advance 22,591,138.13 13,660,199.55
Selling financial asset of
repurchase
Commission charge and
commission payable
Wage payable 3,911,284.58 3,983,845.52
Taxes payable 96,313,535.53 95,980,708.60
Interest payable 230,575,685.75 230,575,685.75
Dividend payable
Other accounts payable 431,523,104.85 431,275,594.67
14
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
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 2,344,350.07 2,331,150.07
Total current liabilities 1,744,592,477.23 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 1,910,805,430.15 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 -2,807,024,646.27 -2,780,061,643.62
Balance difference of foreign
currency translation
Total owner’s equity attributable to
-1,736,414,259.06 -1,709,451,256.41
parent company
Minority interests 64,696.32 60,572.65
Total owner’s equity(or shareholders’
-1,736,349,562.74 -1,709,390,683.76
equity)
Total liabilities and owner’s equity(or
174,455,867.41 162,649,076.30
shareholders’ equity)
Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
15
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
2. Balance Sheet of parent company
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
Item Balance at period-end Balance at period-begin
Current assets:
Monetary funds 10,442,713.04 31,432,888.50
Transaction finance asset
Notes receivable
Accounts receivable 1,214,168.60 1,014,896.60
Accounts paid in advance
Interest receivable
Dividend receivable
Other receivables 50,097,987.53 52,910,895.39
Inventories 9,395,165.92 9,779,439.79
Non-current asset due within one
year
Other current assets
Total current assets 71,150,035.09 95,138,120.28
Non-current assets:
Finance asset available for sales
Held-to-maturity investment
Long-term account receivable
Long-term equity investment 2,619,840.50 2,619,840.50
Investment real estate 20,667,116.29 21,395,176.24
Fixed assets 10,397,617.93 12,676,971.13
Construction in progress
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 23,081,556.65 23,728,703.18
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset
16
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Other non-current asset
Total non-current asset 56,766,131.37 60,420,691.05
Total assets 127,916,166.46 155,558,811.33
Current liabilities:
Short-term loans 320,902,551.61 320,902,551.61
Transaction financial liabilities
Notes payable
Accounts payable 124,118,936.31 124,098,936.31
Accounts received in advance 10,664,592.85 10,664,592.85
Wage payable 2,011,504.49 2,151,710.33
Taxes payable 94,921,674.83 94,891,954.20
Interest payable 230,575,685.75 230,575,685.75
Dividend payable
Other accounts payable 386,064,930.31 386,975,286.77
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 1,625,328,277.92 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 1,791,541,230.84 1,792,542,072.51
Owner’s equity (or shareholders’
equity):
Paid-up 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
General risk reserve
17
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Retained profit -2,734,235,451.59 -2,707,593,648.39
Balance difference of foreign
currency translation
Total owner’s equity(or shareholders’
-1,663,625,064.38 -1,636,983,261.18
equity)
Total liabilities and owner’s equity(or
127,916,166.46 155,558,811.33
shareholders’ equity)
Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
3. Consolidated Profit Statement (this report period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
Item Amount in this period Amount in last period
I. Total operating income 95,324,387.74 85,519,151.89
Including: Operating income 95,324,387.74 85,519,151.89
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 92,996,918.14 100,329,061.96
Including: Operating cost 85,512,374.52 77,441,304.68
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 133,526.22 131,857.34
Sales expenses 4,124,047.54 1,501,483.09
Administration expenses 3,314,887.59 4,209,065.75
Financial expenses -87,917.73 17,045,351.10
Losses of devaluation of
asset
Add: Changing income of fair
value(Loss is listed with “-”)
Investment income (Loss
is listed with “-”)
18
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Including: Investment
income on affiliated company and joint
venture
Exchange income (Loss is
listed with “-”)
III. Operating profit (Loss is listed
2,327,469.60 -14,809,910.07
with “-”)
Add: Non-operating income 9,539.58 11,806.76
Less: Non-operating expense 14,901.00 51,882.00
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with
2,322,108.18 -14,849,985.31
“-”)
Less: Income tax expense
V. Net profit (Net loss is listed with “-”) 2,322,108.18 -14,849,985.31
Including: net profit realized
before consolidation by mergered party
Net profit attributable to owner’s
2,320,605.55 -14,830,831.64
of parent company
Minority shareholders’ gains and
1,502.63 -19,153.67
losses
VI. Earnings per share -- --
i. Basic earnings per share 0.0042 -0.0269
ii. Diluted earnings per share 0.0042 -0.0269
VII. Other consolidated income
VIII. Total comprehensive income 2,322,108.18 -14,849,985.31
Total consolidated income
attributable to owners of parent 2,320,605.55 -14,849,985.31
company
Total consolidated income
1,502.63
attributable to minority shareholders
Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
4. Profit Statement of parent company (this report period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
Items Amount in this period Amount in last period
I. Operating income 8,226,469.12 7,441,427.86
Less: operating cost 2,904,157.06 2,192,946.36
Operating tax and extras
Sales expenses
Administration expenses 3,079,917.70 2,151,763.91
Financial expenses -25,848.68 17,078,246.50
Losses of devaluation of asset
19
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
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
2,268,243.04 -13,981,528.91
with “-”)
Add: Non-operating income 9,539.58 11,806.76
Less: Non-operating expense 14,901.00 51,882.00
Including: Disposal loss of
non-current asset
III. Total Profit (Loss is listed with
2,262,881.62 -14,021,604.15
“-”)
Less: Income tax expense
IV. Net profit (Net loss is listed with
2,262,881.62 -14,021,604.15
“-”)
V. Earnings per share -- --
i. Basic earnings per share 0.0041 -0.0254
ii. Diluted earnings per share 0.0041 -0.0254
VI. Other consolidated income
VII. Total comprehensive income 2,262,881.62 -14,021,604.15
Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
5. Consolidated profit statement (year-begin to end of this period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
Item Amount in this period Amount in last period
I. Total operating income 200,227,908.32 198,705,238.09
Including: Operating income 200,227,908.32 198,705,238.09
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 227,222,480.88 246,871,461.58
Including: Operating cost 177,651,548.02 178,651,546.25
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense
of compensation
20
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Net amount of withdrawal
of insurance contract reserve
Bonus expense of
guarantee slip
Reinsurance expense
Operating tax and extras 319,465.81 215,423.85
Sales expenses 7,713,416.78 3,960,104.24
Administration expenses 41,824,619.27 13,810,330.69
Financial expenses -286,569.00 50,249,645.42
Losses of devaluation of
-15,588.87
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
-26,994,572.56 -48,166,223.49
with “-”)
Add: Non-operating income 75,884.58 92,063.99
Less: Non-operating expense 40,191.00 73,882.00
Including: Disposal loss of
non-current asset
IV. Total Profit (Loss is listed with
-26,958,878.98 -48,148,041.50
“-”)
Less: Income tax expense
V. Net profit (Net loss is listed with “-”) -26,958,878.98 -48,148,041.50
Including: net profit realized
before consolidation by mergered party
Net profit attributable to owner’s
-26,963,002.65 -48,175,316.71
of parent company
Minority shareholders’ gains and
4,123.67 27,275.21
losses
VI. Earnings per share -- --
i. Basic earnings per share -0.0489 -0.0874
ii. Diluted earnings per share -0.0489 -0.0874
VII. Other consolidated income
VIII. Total comprehensive income -26,958,878.98 -48,148,041.50
Total consolidated income
attributable to owners of parent -26,963,002.65 -48,175,316.71
company
Total consolidated income
4,123.67 27,275.21
attributable to minority shareholders
Legal representative: Luo Guiyou
21
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
6. Profit Statement of parent company (year-begin to end of this period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
Items Amount in this period Amount in last period
I. Operating income 21,755,989.00 20,027,826.41
Less: operating cost 7,466,759.52 5,687,652.64
Operating tax and extras
Sales expenses
Administration expenses 41,030,134.36 10,742,399.64
Financial expenses -128,508.10 50,318,617.26
Losses of devaluation of asset -15,588.87
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
-26,612,396.78 -46,705,254.26
with “-”)
Add: Non-operating income 10,784.58 82,063.99
Less: Non-operating expense 40,191.00 73,862.00
Including: Disposal loss of
non-current asset
III. Total Profit (Loss is listed with
-26,641,803.20 -46,697,052.27
“-”)
Less: Income tax expense
IV. Net profit (Net loss is listed with
-26,641,803.20 -46,697,052.27
“-”)
V. Earnings per share -- --
i. Basic earnings per share -0.0483 -0.0847
ii. Diluted earnings per share -0.0483 -0.0847
VI. Other consolidated income
VII. Total comprehensive income -26,641,803.20 -46,697,052.27
Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
7. Consolidated Cash Flow Statement (year-begin to end of this period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
22
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Item Amount in this period Amount in last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 114,341,105.96 143,318,698.03
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
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
26,816,469.18 19,126,394.33
operating activities
Subtotal of cash inflow arising from
141,157,575.14 162,445,092.36
operating activities
Cash paid for purchasing
commodities and receiving labor 97,604,331.43 128,287,182.01
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 38,361,775.00 12,637,357.39
Taxes paid 4,092,057.23 6,014,770.63
Other cash paid concerning operating
13,358,975.74 11,248,011.92
activities
Subtotal of cash outflow arising from
153,417,139.40 158,187,321.95
operating activities
Net cash flows arising from operating
-12,259,564.26 4,257,770.41
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 1,868,000.00
assets
23
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
1,868,000.00
activities
Cash paid for purchasing fixed,
4,429.06 124,666.98
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 investing
4,429.06 124,666.98
activities
Net cash flows arising from investing
1,863,570.94 -124,666.98
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
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 and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-10,395,993.32 4,133,103.43
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
41,999,367.54 28,679,704.82
equivalents at the period -end
Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
8. Cash Flow Statement of parent company (year-begin to end of this period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
24
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
Item Amount in this period Amount in last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 6,015.00
services
Write-back of tax received
Other cash received concerning
26,051,733.04 12,168,751.85
operating activities
Subtotal of cash inflow arising from
26,051,733.04 12,174,766.85
operating activities
Cash paid for purchasing
commodities and receiving labor
service
Cash paid to/for staff and workers 34,316,217.77 834,257.90
Taxes paid 2,109,260.10 1,018,358.76
Other cash paid concerning operating
12,452,430.63 10,725,059.48
activities
Subtotal of cash outflow arising from
48,877,908.50 12,577,676.14
operating activities
Net cash flows arising from operating
-22,826,175.46 -402,909.29
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 1,836,000.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
1,836,000.00
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 investing
2,717.95
activities
Net cash flows arising from investing
1,836,000.00 -2,717.95
activities
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 inflow from financing
activities
25
深圳中华自行车(集团)股份有限公司 2013 年第三季度报告全文
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
-20,990,175.46 -405,627.24
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
10,442,713.04 155,655.84
equivalents at the period -end
Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
II. Audit Report
Whether the third quarter report was audited or not
□Yes √No
The 3rd quarter report of the Company has not been audited
26
