Stock code: 000017, 200017 short form of the stock: Zhonghua-A, Zhonghua-B Notice No.: 2021-041
Shenzhen China Bicycle Company (Holdings) Limited
The Third Quarterly Report for 2021
The Company and whole members of the BOD guarantee that the information disclosed is true,
accurate and complete, and there are no any fictitious records, misleading statements or important
omissions.
Important content reminder:
1. Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of
Shenzhen China Bicycle Company (Holdings) Limited (hereinafter referred to as the Company)
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.
2. Principal of the Company, Person in Charge of Accounting Works and Person in Charge of
Accounting Organ (Accounting Officer) hereby confirm that the Financial Report of the Third
Quarterly Report is authentic, accurate and complete.
3. Whether the Third Quarterly Report has been audited or not
□Yes √No
I. Main financial data
(i) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
Increase/decrease from
Increase/decrease in the
year-begin to period-end
period compared with the
Current period Year-begin to period-end compared with the same
same period of the
period of the previous
previous year
year
Operating income (Yuan) 29,113,392.89 -27.61% 83,243,710.49 0.45%
Net profit attributable to
shareholders of the listed 575,788.96 -76.65% 1,941,282.30 -63.12%
company (Yuan)
Net profit attributable to
shareholders of the listed
company after deducting 326,846.26 -86.26% -89,748.03 -101.96%
non-recurring gains and
losses (Yuan)
Net cash flow arising
—— —— -5,824,421.10 -281.09%
from operating activities
1
(Yuan)
Basic earnings per share
0.001 -77.78% 0.0035 -63.16%
(Yuan /Share)
Diluted earnings per
0.001 -77.78% 0.0035 -63.16%
share (Yuan /Share)
Weighted average ROE 4.58% -17.53% 16.35% -37.63%
Increase/decrease at the period-end compared with
End of current period End of previous year
the end of the previous year
Total assets (Yuan) 95,740,667.64 91,742,769.99 4.36%
Net assets attributable to
shareholder of listed 12,846,513.28 10,905,230.98 17.80%
company (Yuan)
(ii) Items and amounts of non-recurring profit (gains)/losses
√ Applicable □ Not applicable
Unit: Yuan
Amount from
Item Amount for the period year-begin to Note
period-end
Government subsidy recorded in current gains/losses
(except those closely related to the Company’s
normal operation, and those continuously enjoyed on 97,500.00 397,500.00
a fixed or quantitative basis with certain standards in
accordance with national policy regulations)
Reversal of the account receivable depreciation
60,000.00 1,417,466.13
reserves subject to separate impairment test
Other non-operating income and expenses other than
87,005.40 244,669.80
the above
Impact on minority shareholders’ equity
-4,437.30 28,605.60
(post-tax)
Total 248,942.70 2,031,030.33 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
□ Applicable √ Not applicable
The Company does not have other gain/loss items that qualified the definition of non-recurring profit (gains)/losses
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure for
Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
2
(iii) Particulars about changes in items of main accounting data and financial index and explanations of
reasons
√ Applicable □Not applicable
Item Period-end or the Period-begin or last Year-on-year Reason for change
Period period increase and
decrease
Sales expense 1,386,181.37 2,414,925.52 -42.60% The sales expense from jewelry business declined
R&D expenses 3,373,918.21 1,118,618.85 201.61% R&D expenses for the jewelry & gold business
increased
Credit impairment loss 1,356,010.98 170,387.85 695.84% The bad debt provision for account receivable
(loss is "-") recovered or reversed increased
Net profit 2,202,660.68 6,030,862.82 -63.48% In the period, except for the jewelry & gold
business, gross profit from other business income
declined
Net profit attributable to 1,941,282.30 5,263,215.15 -63.12% In the period, except for the jewelry & gold
shareholders of the parent business, gross profit from other business income
company declined
Net cash flow from -5,824,421.10 3,216,397.73 -281.09% Prepayments received in the prior period
operating activities
Net cash flow from 0.00 9,825,000.00 -100.00% Received minority shareholders investment from
financing activities capital increase of subsidiary Xinsen Company in
the prior period
Prepayments 2,425,878.95 816,541.52 197.09% Prepayments for goods increased in the period
Other current assets 1,340,532.85 2,715,425.31 -50.63% Retained VAT refund received in the period
Other non-current assets 1,135,849.05 400,000.00 183.96% The intermediary fee for quantitative issuance
increased in the period
Accounts payable 12,888,008.62 9,606,144.94 34.16% Account payable for goods increased in the period
Employee compensation 796,081.92 1,459,244.07 -45.45% The wages payable last year was paid in the period
payable
Other current liabilities 134,108.10 1,175,251.38 -88.59% The taxes corresponding to contractual liability
decreased
II. Shareholders Information
(i) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
Unit: Share
Total preference shareholders
Total common shareholders at the with voting rights recovered at
40,343 0
end of report period end of reporting period (if
applicable)
Top ten shareholders
Amount of Information of shares pledged,
Shareholder’s Nature of Proportion of Amount of shares
restricted shares tagged or frozen
name shareholder shares held held
held State of share Amount
Shenzhen
Guosheng Energy Domestic
Investment non-state-owned 11.52% 63,508,747 0
Development legal person
Co., Ltd.
3
UOB Koy Hian
Foreign legal
(Hong Kong) 2.89% 15,907,850 0
person
Co., Ltd.
Guosen Securities
(Hong Kong) Foreign legal
2.52% 13,909,425 0
brokerage Co., person
Ltd.
Shenwan
Hongyuan Foreign legal
1.50% 8,281,156 0
Securities (Hong person
Kong) Co., Ltd.
Lhasa Xingqing
Domestic
Network
non-state-owned 0.83% 4,600,255 0
Technology Co.,
legal person
Ltd.
Domestic nature
Li Huili 0.71% 3,891,124 0
person
Domestic nature
Ge Zhiqiong 0.64% 3,525,152 0
person
Domestic nature
Xu Hongbo 0.53% 2,927,319 0
person
China Merchants
State-owned legal
Securities Hong 0.52% 2,894,135 0
person
Kong Co., Ltd.
Shenzhen China
Bicycle Company
(Holdings)
Domestic
Limited -Special
non-state-owned 0.47% 2,602,402 0
account for
legal person
property disposal
of bankrupt
enterprise
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 (Hong Kong) Co.,
15,907,850 listed foreign 15,907,850
Ltd.
shares
Domestically
Guosen Securities (Hong Kong)
13,909,425 listed foreign 13,909,425
brokerage Co., Ltd.
shares
Domestically
Shenwan Hongyuan Securities
8,281,156 listed foreign 8,281,156
(Hong Kong) Co., Ltd.
shares
Lhasa Xingqing Network RMB common
4,600,255 4,600,255
Technology Co., Ltd. shares
Domestically
Li Huili 3,891,124 listed foreign 3,891,124
shares
RMB common
611,500
shares
Ge Zhiqiong 3,525,152 Domestically
listed foreign 2,913,652
shares
Xu Hongbo 2,927,319 Domestically 2,927,319
listed foreign
4
shares
Domestically
China Merchants Securities Hong
2,894,135 listed foreign 2,894,135
Kong Co., Ltd.
shares
RMB common
Shenzhen China Bicycle Company 1,383,313
shares
(Holdings) Limited -Special account
2,602,402 Domestically
for property disposal of bankrupt
enterprise listed foreign 1,219,089
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 10 shareholders
involving margin business (if N/A
applicable)
(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
III. Other significant events
√ Applicable □ Not applicable
1. Planning the non-public offering of the shares
On December 30, 2020, the company held the third extraordinary shareholders' meeting of 2020, which deliberated and approved the
new plan of non-public offering of A-shares, the total amount of funds to be raised from Wansheng Industrial Company through
non-public offering of shares will not exceed 293,600,000 yuan, which will be used to supplement working capital after deducting
the issuance expenses. The offering will result in a change in control of the company. On 25 October 2021, the issue review
committee of China Securities Regulatory Commission (hereinafter referred to as CSRC) reviewed the application for the non-public
offering of A share under the name of Shenzhen China Bicycle Company (Holdings) Limited (hereinafter referred to as the
Company). According to the review results, the application of non-public offering of A share is approved. Currently, the Company
has not received the written approval document yet from CSRC, and will make another announcement after the official document
received from CSRC, investors are advised to be aware of the risks of investment.
2. Termination of the “Urban Renewal Project Cooperation Contract of Zhonghua Garden Phase II”
In view of the fact that in the course of the urban renewal project of Zhonghua Garden Phase II, on 1 March 2021, the standing
committee of Shenzhen Municipal People’s Congress introduced and implemented the “Regulations on Urban Renewal of Shenzhen
Special Economic Zone” , which requires the proportion of household’s willingness to update should be increased to 95% before
declaring the demolition of urban renewal unit plans that reconstructed, this leads to a high degree of uncertainty in the project.
Based on the long-term development of the Company, and in order to better solve the problems of handing the property certificate
issues left by history for residents of the Zhonghua Garden Phase II at the same time, the Company held the 32nd session
(extraordinary) of 10th BOD and First Extraordinary Shareholders General Meeting of 2021 respectively dated 24 September 2021
and 12 October, to deliberated and approved the “proposal on termination of the Urban Renewal Project Cooperation Contract of
Zhonghua Garden Phase II”, and decided to terminated the Cooperation Contract with Jianzhi Industrial, CBC ceased to be the
partner of the renewal project of Zhonghua Garden Phase II.
5
IV. Quarterly financial statements
(i) Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
September 30, 2021
Unit: Yuan
Item September 30, 2021 December 31, 2020
Current assets:
Monetary fund 14,057,598.96 19,887,978.05
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable 100,000.00
Account receivable 64,540,892.85 55,031,424.70
Receivable financing
Accounts paid in advance 2,425,878.95 816,541.52
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 614,844.05 576,770.36
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 7,212,442.76 7,729,325.94
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 1,340,532.85 2,715,425.31
Total current assets 90,292,190.42 86,757,465.88
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment
Investment in other equity
instrument
Other non-current financial assets
Investment real estate
Fixed assets 3,519,457.42 3,792,133.36
Construction in progress
Productive biological asset
6
Oil and gas asset
Right-of-use assets
Intangible assets
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 793,170.75 793,170.75
Other non-current asset 1,135,849.05 400,000.00
Total non-current asset 5,448,477.22 4,985,304.11
Total assets 95,740,667.64 91,742,769.99
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 12,888,008.62 9,606,144.94
Accounts received in advance
Contractual liability 16,385,928.38 15,254,713.38
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 796,081.92 1,459,244.07
Taxes payable 688,681.19 722,321.02
Other account payable 37,002,909.07 37,882,805.52
Including: Interest payable
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities 134,108.10 1,175,251.38
Total current liabilities 67,895,717.28 66,100,480.31
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability
7
Long-term account payable
Long-term wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 67,895,717.28 66,100,480.31
Owner’s equity:
Share capital 551,347,947.00 551,347,947.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 627,834,297.85 627,834,297.85
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 32,673,227.01 32,673,227.01
Provision of general risk
Retained profit -1,199,008,958.58 -1,200,950,240.88
Total owner’ s equity attributable to
12,846,513.28 10,905,230.98
parent company
Minority interests 14,998,437.08 14,737,058.70
Total owner’ s equity 27,844,950.36 25,642,289.68
Total liabilities and owner’ s equity 95,740,667.64 91,742,769.99
Legal Representative: Li Hai
Person in charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: Zhong Xiaojin
2. Consolidated Profit Statement (from the year-begin to the period-end)
Unit: Yuan
Item Current period Last period
I. Total operating income 83,243,710.49 82,873,336.15
Including: Operating income 83,243,710.49 82,873,336.15
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 82,925,156.41 77,676,054.36
Including: Operating cost 74,415,444.07 70,342,296.05
Interest expense
Commission charge and
commission expense
Cash surrender value
8
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee
slip
Reinsurance expense
Tax and extras 55,786.17 69,177.87
Sales expense 1,386,181.37 2,414,925.52
Administrative expense 3,765,804.02 3,775,988.47
R&D expense 3,373,918.21 1,118,618.85
Financial expense -71,977.43 -44,952.40
Including: Interest
expenses
Interest income -97,043.54 -60,866.79
Add: other income 2,516.00 10,105.77
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated company and joint venture
The termination of income
recognition for financial assets measured
by amortized cost (Loss is listed with “-”)
Exchange income (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Income from change of fair
value (Loss is listed with “-”)
Loss of credit impairment
1,356,010.98 170,387.85
(Loss is listed with “-”)
Losses of devaluation of asset
60,509.73
(Loss is listed with “-”)
Income from assets disposal
24,936.44
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
1,737,590.79 5,402,711.85
“-”)
Add: Non-operating income 724,960.80 859,828.49
Less: Non-operating expense 82,791.00 2,727.32
IV. Total profit (Loss is listed with “-”) 2,379,760.59 6,259,813.02
Less: Income tax expense 177,099.91 228,950.20
V. Net profit (Net loss is listed with “-”) 2,202,660.68 6,030,862.82
(i) Classify by business continuity
1.continuous operating net profit
2,202,660.68 6,030,862.82
(net loss listed with ‘-”)
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
1,941,282.30 5,263,215.15
of parent company
2.Minority shareholders’ gains and
261,378.38 767,647.67
losses
9
VI. Net after-tax of other comprehensive
income
Net after-tax of other comprehensive
income attributable to owners of parent
company
(i) Other comprehensive income
items which will not be reclassified
subsequently to profit of loss
1.Changes of the defined
benefit plans that re-measured
2.Other comprehensive
income under equity method that cannot
be transfer to gain/loss
3.Change of fair value of
investment in other equity instrument
4.Fair value change of
enterprise's credit risk
5. Other
(ii) Other comprehensive income
items which will be reclassified
subsequently to profit or loss
1.Other comprehensive
income under equity method that can
transfer to gain/loss
2.Change of fair value of
other debt investment
3.Amount of financial assets
re-classify to other comprehensive
income
4.Credit impairment
provision for other debt investment
5.Cash flow hedging reserve
6.Translation differences
arising on translation of foreign currency
financial statements
7.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income 2,202,660.68 6,030,862.82
Total comprehensive income
1,941,282.30 5,263,215.15
attributable to owners of parent Company
Total comprehensive income
261,378.38 767,647.67
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0035 0.0095
(ii) Diluted earnings per share 0.0035 0.0095
Enterprise combine under the same control in the Period, the combined party realized net profit of 0.00 Yuan before combination, and
realized 0.00 Yuan at last period for combined party
Legal Representative: Li Hai
Person in charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: Zhong Xiaojin
10
3. Consolidated Cash Flow Statement (from the year-begin to the period-end)
Unit: Yuan
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor 77,209,161.86 47,915,952.15
services
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
bank
Net increase of capital borrowed
from other financial institution
Cash received from original
insurance contract fee
Net cash received from reinsurance
business
Net increase of insured savings
and investment
Cash received from interest,
commission charge and commission
Net increase of capital borrowed
Net increase of returned business
capital
Net cash received by agents in sale
and purchase of securities
Write-back of tax received 1,653,129.81 46,490.80
Other cash received concerning
9,798,843.06 32,533,907.14
operating activities
Subtotal of cash inflow arising from
88,661,134.73 80,496,350.09
operating activities
Cash paid for purchasing
commodities and receiving labor 73,582,783.96 54,238,192.62
service
Net increase of customer loans and
advances
Net increase of deposits in central
bank and interbank
Cash paid for original insurance
contract compensation
Net increase of capital lent
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee
slip
Cash paid to/for staff and workers 6,471,234.93 4,386,729.44
Taxes paid 731,237.64 795,786.18
Other cash paid concerning
13,700,299.30 17,859,244.12
operating activities
Subtotal of cash outflow arising from
94,485,555.83 77,279,952.36
operating activities
Net cash flows arising from operating -5,824,421.10 3,216,397.73
11
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 64,500.00
assets
Net cash received from disposal of
subsidiaries and other units
Other cash received concerning
investing activities
Subtotal of cash inflow from investing
64,500.00
activities
Cash paid for purchasing fixed,
5,957.99
intangible and other long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
5,957.99
activities
Net cash flows arising from investing
-5,957.99 64,500.00
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
9,825,000.00
investment
Including: Cash received from
absorbing minority shareholders’ 9,825,000.00
investment by subsidiaries
Cash received from loans
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
9,825,000.00
activities
Cash paid for settling debts
Cash paid for dividend and profit
distributing or interest paying
Including: Dividend and profit of
minority shareholder paid by
subsidiaries
Other cash paid concerning
financing activities
Subtotal of cash outflow from financing
activities
Net cash flows arising from financing
9,825,000.00
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
12
V. Net increase of cash and cash
-5,830,379.09 13,105,897.73
equivalents
Add: Balance of cash and cash
19,887,978.05 6,074,367.91
equivalents at the period-begin
VI. Balance of cash and cash
14,057,598.96 19,180,265.64
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 leasing
standards from 2021
□ Applicable √ Not applicable
2. Retrospective adjustment of the comparative data for initial implementation of new leasing standards
from 2021
□ Applicable √ Not applicable
(iii) Audit report
Whether the 3rd quarterly report has been audited or not
□Yes √ No
The 3rd quarterly report of the Company has not been audited.
Board of Directors of
Shenzhen China Bicycle Company (Holdings) Limited
October 26, 2021
13
