Shenzhen China Bicycle Company (Holdings) Limited
First Quarterly Report 2019
April 2019
1
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen China Bicycle
Company (Holdings) Limited (hereinafter referred to as the Company) and its
directors, supervisors and senior executives 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) 21,954,108.28 24,732,886.83 -11.24%
Net profit attributable to shareholders of
-366,774.37 231,983.23 -258.10%
the listed company (RMB)
Net profit attributable to shareholders of
the listed company after deducting -410,571.37 178,793.22 -329.63%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
-6,105,394.21 832,923.62 -833.01%
activities (RMB)
Basic earnings per share (RMB/Share) -0.0007 0.0004 -275.00%
Diluted earnings per share (RMB/Share) -0.0007 0.0004 -275.00%
Weighted average ROE -2.60% 1.45% -4.05%
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) 70,699,083.94 73,242,960.17 -3.47%
Net assets attributable to shareholder of
13,939,527.57 14,306,301.94 -2.56%
listed company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Item Amount from year-begin to Note
3
period-end
Other non-operating income and expenditure except for the
58,396.00
aforementioned items
Less: Impact on income tax 14,599.00
Impact on minority shareholders’ equity (post-tax) 0.00
Total 43,797.00 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of
extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to
the Public --- Extraordinary Profit/loss
II. 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 Total preference shareholders with
shareholders at the end of report 51,969 voting rights recovered at end of 0
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
(Hongkong) Co., 2.89% 15,907,850 0 - -
person
Ltd.
Guosen Securities
(Hongkong) Foreign legal
2.52% 13,909,425 0 - -
brokerage Co., person
Ltd.
4
Shenwan
Hongyuan
Foreign legal
Securities 1.20% 6,631,116 0 - -
person
(Hongkong) Co.,
Ltd.
Domestic nature
Li Huili 0.71% 3,891,124 0 - -
person
Domestic nature
Tian Qibing 0.54% 2,981,100 0 - -
person
CMS Hong Kong State-owned legal
0.54% 2,955,352 0 - -
Co., Ltd person
Domestic nature
Xu Hongbo 0.50% 2,744,419 0 - -
person
Special Account
for Property
Domestic
Disposal of
non-State-owned 0.47% 2,602,402 0 - -
Bankrupt
legal person
Enterprise of
CBC
Domestic nature
Ge Zhiqiong 0.41% 2,279,152 0 - -
person
Top ten shareholders with unrestricted shares held
Type of shares
Shareholder’s name Amount of unrestricted shares held
Type Amount
Shenzhen Guosheng Energy RMB common
63,508,747 63,508,747
Investment Development Co., Ltd. shares
Domestically
UOB Koy Hian (Hongkong) Co.,
15,907,850 listed foreign 15,907,850
Ltd.
shares
Domestically
Guosen Securities (Hongkong)
13,909,425 listed foreign 13,909,425
brokerage Co., Ltd.
shares
Domestically
Shenwan Hongyuan Securities
6,631,116 listed foreign 6,631,116
(Hongkong) Co., Ltd.
shares
Domestically
Li Huili 3,891,124 listed foreign 3,891,124
shares
Tian Qibing 2,981,100 RMB common 2,981,100
5
shares
Domestically
CMS Hong Kong Co., Ltd 2,955,352 listed foreign 2,955,352
shares
Domestically
Xu Hongbo 2,744,419 listed foreign 2,744,419
shares
RMB common
1,383,313
Special Account for Property shares
Disposal of Bankrupt Enterprise of 2,602,402 Domestically
CBC listed foreign 1,219,089
shares
Domestically
Ge Zhiqiong 2,279,152 listed foreign 2,279,152
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
□ 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
Monetary fund 12,383,492.05 18,488,886.26 -33.02% Taxes for end of last year are paid
in January
Note receivable and account 38,166,569.57 29,007,509.02 31.57% Acceptance bill held at period-end
receivable increased and account receivable
goes up due to the stock for peak
seasons from clients
Account paid in advance 7,601,965.06 13,799,753.60 -44.91% The account paid in advance for
lithium battery materials business
last year, have delivery in
succession
Inventory 3,480,243.31 2,386,603.94 45.82% Stock increased for sales peak
season from subsidiary in the
period
Tax payable 931,359.17 6,297,096.28 -85.21% Basically be this period pays go up
to should hand in duty to expend
Operating cash outflow subtotal 12,742,516.52 6,704,030.73 90.07% Basically be this period pays go up
to should hand in duty to expend
II. Analysis and explanation of significant events and their influence and solutions
□ Applicable √ Not applicable
Implementation 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,
7
shareholders, related parties, purchaser and companies.
IV. Predict of the business performance from January to June 2019
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. Securities Investment
□ Applicable √ Not applicable
No security investment in Period.
VI. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.
VII. Registration form for receiving research, communication and interview in the report
period
√ Applicable □ Not applicable
Time Way Type Basic situation index of investigation
Consulting company restructuring
Jan.- Mar. of 2019 Telephone communication Individual
problem
Jan.- Mar. of 2019 Telephone communication Individual Inquiry progress of the private placement
VIII. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the period.
IX. 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.
8
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
2019-03-31
In RMB
Item 2019-3-31 2018-12-31
Current assets:
Monetary fund 12,383,492.05 18,488,886.26
Monetary fund
Settlement provisions
Capital lent
Transactional financial assets
Financial assets measured by fair
value and with variation reckoned into
current gains/losses
Note receivable and account
38,166,569.57 29,007,509.02
receivable
Including: Notes receivable 3,157,964.00
Accounts receivable 35,008,605.57 29,007,509.02
Account paid in advance 7,601,965.06 13,799,753.60
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 767,977.15 844,537.19
Including: Interest receivable
Dividends receivable
Buying back the sale of financial
assets
Inventories 3,480,243.31 2,386,603.94
Contractual assets
9
Assets held for sale
Non-current assets maturing within
one year
Other current assets 2,130,677.11 2,266,241.66
Total current assets 64,530,924.25 66,793,531.67
Non-current assets:
Loans and payments on behalf
Debt investment
Available-for-sale financial assets
Other debt investment
Held-to-maturity investments
Long-term receivables
Long-term equity investments
Investment in other equity instrument
Other non-current financial assets
Investment real estate
Fixed assets 3,409,788.51 3,502,807.32
Construction in progress
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 1,317,750.00 1,506,000.00
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets 1,040,621.18 1,040,621.18
Other non-current assets 400,000.00 400,000.00
Total non-current assets 6,168,159.69 6,449,428.50
Total assets 70,699,083.94 73,242,960.17
Current liabilities
Short-term borrowings
Loan from central bank
Capital borrowed
Transactional financial liability
10
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable & account payable 14,708,000.37 11,979,010.69
Accounts received in advance 239,269.87 405,779.88
Selling financial asset of repurchase
Absorbing deposit and interbank
deposits
Agent buying and selling securities
Acting underwriting securities
Wage payable 539,482.96 435,736.16
Tax payable 931,359.17 6,297,096.28
Other accounts payable 37,784,838.87 37,144,872.42
Including: Interest payable
Dividend payable
Handling fees and commissions
payable
Reinsurance payable
Contractual liability
Liability held for sale
Non-current liabilities due within one
year
Other current liabilities
Total current liabilities 54,202,951.24 56,262,495.43
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 employee compensation
payable
11
Accrued liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 54,202,951.24 56,262,495.43
Owners’ equity:
Share capital 551,347,947.00 551,347,947.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 627,834,297.85 627,834,297.85
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 32,673,227.01 32,673,227.01
Provision of general risk
Retained profit -1,197,915,944.29 -1,197,549,169.92
Total owner’s equity attributable to parent
13,939,527.57 14,306,301.94
Company
Minority interests 2,556,605.13 2,674,162.80
Total owner’s equity 16,496,132.70 16,980,464.74
Total liabilities and owner’s equity 70,699,083.94 73,242,960.17
Legal representative: Li Hai Person in charge of accounting works: Sun Longlong
Person in charge of accounting organ: Zhong Xiaojin
2. Balance Sheet of Parent Company
In RMB
Item 2019-3-31 2018-12-31
Current assets:
Monetary fund 3,798,982.34 8,889,572.73
Transactional financial assets
Financial assets measured by fair
12
value and with variation reckoned into
current gains/losses
Derivative financial assets
Note receivable and account
20,314,157.26 12,827,954.16
receivable
Including: Notes receivable 707,964.00
Accounts receivable 19,606,193.26 12,827,954.16
Account paid in advance 7,600,663.94 13,798,452.48
Other account receivable 380,925.78 380,925.78
Including: Interest receivable
Dividends receivable
Inventories
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 2,130,677.11 2,130,677.11
Total current assets 34,225,406.43 38,027,582.26
Non-current assets:
Debt investment
Available-for-sale financial assets
Other debt investment
Held-to-maturity investments
Long-term receivables
Long-term equity investments 10,379.73 10,379.73
Investment in other equity instrument
Other non-current financial assets
Investment real estate
Fixed assets 2,934,964.50 2,995,407.48
Construction in progress
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 1,317,750.00 1,506,000.00
Research and development costs
13
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets 400,000.00 400,000.00
Total non-current assets 4,663,094.23 4,911,787.21
Total assets 38,888,500.66 42,939,369.47
Current liabilities
Short-term borrowings
Transactional financial liability
Financial liability measured by fair
value and with variation reckoned into
current gains/losses
Derivative financial liability
Notes payable & account payable 333,520.00
Accounts received in advance 327,632.18
Contractual liability
Wage payable 151,263.89 151,598.60
Taxes payable 170,764.14 5,416,117.27
Other accounts payable 30,248,457.31 28,967,052.96
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within one
year
Other current liabilities
Total current liabilities 30,904,005.34 34,862,401.01
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
14
Accrued liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 30,904,005.34 34,862,401.01
Owners’ equity:
Share capital 551,347,947.00 551,347,947.00
Other equity instrument
Including: preferred stock
Perpetual capital securities
Capital public reserve 627,834,297.85 627,834,297.85
Less: Inventory shares
Other comprehensive income
Special reserve
Surplus reserve 32,673,227.01 32,673,227.01
Retained profit -1,203,870,976.54 -1,203,778,503.40
Total owner’s equity 7,984,495.32 8,076,968.46
Total liabilities and owner’s equity 38,888,500.66 42,939,369.47
3. Consolidated Profit Statement
In RMB
Item Current Period Last Period
I. Total operating income 21,954,108.28 24,732,886.83
Including: Operating income 21,954,108.28 24,732,886.83
Interest income
Insurance gained
Handling fees and commissions
income
II. Total operating cost 22,496,836.32 24,497,325.06
Including: Operating cost 20,264,348.28 22,815,921.16
Interest expense
Handling fees and commissions
expenses
15
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Taxes and surcharge 20,782.52 13,045.78
Sales expenses 1,264,109.25 1,088,883.41
Administration expenses 959,163.70 792,355.78
R&D expenses
Financial expenses -11,567.43 -212,881.07
Including: interest expenses
Interest income -20,266.08 -220,576.67
Losses of devaluation of asset
Loss of credit impairment
Add: other income
Investment income (Loss is listed with
“-”)
Including: Investment income on
affiliated Company and joint venture
Exchange income (Loss is listed with
“-”)
Net exposure hedging income (Loss is
listed with “-”)
Changing income of fair value(Loss is
listed with “-”)
Income on disposal of assets (Loss is
listed with “-”)
III. Operating profit (Loss is listed with “-”) -542,728.04 235,561.77
Add: Non-operating income 58,396.00 72,126.28
Less: Non-operating expense
IV. Total Profit (Loss is listed with “-”) -484,332.04 307,688.05
Less: Income tax 104,059.89
V. Net profit (Net loss is listed with “-”) -484,332.04 203,628.16
(i) Classify by business continuity
16
1.continuous operating net profit (net loss
-484,332.04 203,628.16
listed with ‘-”)
2.termination of net profit (net loss listed
with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s of parent
-366,774.37 231,983.23
company
2.Minority shareholders’ gains and losses -117,557.67 -28,355.07
VI. Net after-tax of other comprehensive income
Net after-tax of other comprehensive income
attributable to owners of parent company
(I) Other comprehensive income items
which will not be reclassified subsequently to
profit of loss
1.Changes of the defined benefit
plans that re-measured
2.Other comprehensive income
under equity method that cannot be transfer to
gain/loss
3.Change of fair value of investment
in other equity instrument
4.Fair value change of enterprise's
credit risk
5. Other
(II) Other comprehensive income items
which will be reclassified subsequently to profit
or loss
1.Other comprehensive income
under equity method that can transfer to gain/loss
2.Change of fair value of other debt
investment
3.gain/loss of fair value changes for
available-for-sale financial assets
4.Amount of financial assets
re-classify to other comprehensive income
5.Gain/loss of held-to-maturity
investments that re-classify to available-for-sale
financial asset
17
6.Credit impairment provision for
other debt investment
7.Cash flow hedging reserve
8.Translation differences arising on
translation of foreign currency financial
statements
9.Other
Net after-tax of other comprehensive income
attributable to minority shareholders
VII. Total comprehensive income -484,332.04 203,628.16
Total comprehensive income attributable
-366,774.37 231,983.23
to owners of parent Company
Total comprehensive income attributable to
-117,557.67 -28,355.07
minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share -0.0007 0.0004
(ii) Diluted earnings per share -0.0007 0.0004
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 organ: Zhong Xiaojin
4. Profit Statement of Parent Company
In RMB
Item Current Period Last Period
I. Operating income 11,039,480.41 7,029,187.86
Less: Operating cost 10,432,579.67 6,438,488.68
Taxes and surcharge 6,144.20
Sales expenses 131,886.99 64,825.20
Administration expenses 626,307.15 232,817.86
R&D expenses
Financial expenses -6,568.46 -41,043.41
Including: interest
expenses
Interest income -10,138.70 -44,408.28
18
Losses of devaluation of asset
Loss of credit impairment
Add: other income
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated Company and joint venture
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value(Loss is listed with “-”)
Income on disposal of assets
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
-150,869.14 334,099.53
“-”)
Add: Non-operating income 58,396.00 68,105.41
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) -92,473.14 402,204.94
Less: Income tax 104,059.89
IV. Net profit (Net loss is listed with
-92,473.14 298,145.05
“-”)
(i)continuous operating net profit
-92,473.14 298,145.05
(net loss listed with ‘-”)
(ii) termination of net profit (net
loss listed with ‘-”)
V. Net after-tax of other comprehensive
income
(I) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
19
enterprise's credit risk
5. Other
(II) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.gain/loss of fair value
changes for available-for-sale financial
assets
4.Amount of financial
assets re-classify to other
comprehensive income
5.Gain/loss of
held-to-maturity investments that
re-classify to available-for-sale financial
asset
6.Credit impairment
provision for other debt investment
7.Cash flow hedging
reserve
8.Translation differences
arising on translation of foreign
currency financial statements
9.Other
VI. Total comprehensive income -92,473.14 298,145.05
VII. Earnings per share:
(i) Basic earnings per share -0.0002 0.0005
(ii) Diluted earnings per share -0.0002 0.0005
5. Consolidated Cash Flow Statement
In RMB
Item Current Period Last Period
I. Cash flows arising from operating
activities:
20
Cash received from selling
commodities and providing labor 4,648,357.26 5,982,298.36
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 amount from
disposal financial assets that measured
by fair value and with variation
reckoned into current gains/losses
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
Other cash received concerning
1,988,765.05 1,554,655.99
operating activities
Subtotal of cash inflow arising from
6,637,122.31 7,536,954.35
operating activities
Cash paid for purchasing
commodities and receiving labor 3,324,815.98 3,072,699.30
service
Net increase of customer loans
and advances
Net increase of deposits in central
bank and interbank
21
Cash paid for original insurance
contract compensation
Net increase of financial assets
held for transaction purposes
Net increase of capital lent
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 1,454,436.46 1,530,704.56
Vary tax paid 5,266,314.48 533,348.11
Other cash paid concerning
2,696,949.60 1,567,278.76
operating activities
Subtotal of cash outflow arising from
12,742,516.52 6,704,030.73
operating activities
Net cash flows arising from operating
-6,105,394.21 832,923.62
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,
intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
22
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
activities
Net cash flows arising from investing
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
328,378.06
financing activities
Subtotal of cash inflow from financing
328,378.06
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
2,000,000.00
financing activities
Subtotal of cash outflow from
2,000,000.00
financing activities
Net cash flows arising from financing
-2,000,000.00 328,378.06
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-8,105,394.21 1,161,301.68
equivalents
Add: Balance of cash and cash
16,488,886.26 19,177,276.18
equivalents at the period -begin
23
VI. Balance of cash and cash
8,383,492.05 20,338,577.86
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
activities:
Cash received from selling
commodities and providing labor 369,800.00
services
Write-back of tax received
Other cash received concerning
2,378,627.59 1,331,116.28
operating activities
Subtotal of cash inflow arising from
2,748,427.59 1,331,116.28
operating activities
Cash paid for purchasing
commodities and receiving labor 129,062.00 1,861.33
service
Cash paid to/for staff and workers 642,831.68 518,277.64
Vary tax paid 5,153,942.70 412,529.68
Cash paid for other operation
1,913,181.60 936,897.95
activity
Subtotal of cash outflow arising from
7,839,017.98 1,869,566.60
operating activities
Net cash flows arising from operating
-5,090,590.39 -538,450.32
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
24
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
activities
Cash paid for purchasing fixed,
intangible and other long-term assets
Cash paid for investment
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
activities
Net cash flows arising from investing
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
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 -5,090,590.39 -538,450.32
25
equivalents
Add: Balance of cash and cash
8,889,572.73 15,398,405.80
equivalents at the period -begin
VI. Balance of cash and cash
3,798,982.34 14,859,955.48
equivalents at the period -end
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new financial
instrument rules, new revenue rules and new leasing rules
□Applicable √Not applicable
2. Retrospective adjustment of the comparative data for initial implementation of new financial instrument
rules and new leasing rules
□Applicable √Not applicable
III. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
The 1st quarterly report of the Company was unaudited.
Board of Directors of
Shenzhen China Bicycle Company (Holdings) Limited
29 April 2019
26
