深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
Stock code: 000017, 200017 Notice No.: 2022-029
short form of the stock: Zhonghua-A, Zhonghua-B
Shenzhen China Bicycle Company (Holdings) Limited
The Third Quarterly Report for 2022
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) 42,497,879.73 45.97% 149,163,326.31 79.19%
Net profit attributable to
shareholders of the listed 2,695,178.23 368.08% 1,211,813.81 -37.58%
company (Yuan)
Net profit attributable to
shareholders of the listed
company after deducting 2,327,827.29 612.21% 51,913.15 -157.84%-
non-recurring gains and
losses (Yuan)
Net cash flow arising
from operating activities — — -15,197,714.21 160.93%
(Yuan)
Basic earnings per share 0.0049 390.00% 0.0022 -37.14%
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
(Yuan /Share)
Diluted earnings per
share (Yuan /Share) 0.0049 390.00% 0.0022 -37.14%
Weighted average ROE 30.69% 26.11% 12.72% -3.63%
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) 101,750,042.82 97,363,437.22 4.51%
Net assets attributable to
shareholder of listed 10,130,351.97 8,918,538.16 13.59%
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 153,395.80
a fixed or quantitative basis with certain standards in
accordance with national policy regulations)
Reversal of the account receivable depreciation
66,000.00 787,987.00
reserves subject to separate impairment test
Other non-operating income and expenses other than
the above 435,389.52 659,618.36
Less: impact on income tax 20,709.15 26,764.35
Impact on minority shareholders’ equity
(post-tax) 113,329.43 414,336.15
Total 367,350.94 1,159,900.66 --
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
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
(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
Operating income 149,163,326.31 83,243,710.49 79.19% Income from jewelry and gold business growth
Operating costs 138,106,342.56 74,415,444.07 85.59% Costs from jewelry and gold business growth
Sales expense 3,365,288.77 1,386,181.37 142.77% Expenses from jewelry and gold business growth
Administrative expenses 5,615,729.65 3,765,804.02 49.12% Expenses from jewelry and gold business growth
R&D expenses 819,436.21 3,373,918.21 -75.71% The expenses from R&D declined
Credit impairment loss 232,267.80 1,356,010.98 -82.87% Last period, reversal of the bad debt that accrual
(loss is "-") independently
Net profit attributable to 1,211,813.81 1,941,282.30 -37.58% Decline of the net profit from parent company
shareholders of the parent
company
Net cash flow from -15,197,714.21 -5,824,421.10 160.93% The inventory from purchasing the golds and
operating activities jewelry in the Period
Monetary capital 20,645,895.89 33,246,957.92 -37.90% The inventory from purchasing the golds and
jewelry for business activities
Stock 14,737,540.55 8,248,573.77 78.67% Growth of the inventory in business of golds and
jewelry
Accounts payable 14,377,670.74 8,297,306.34 73.28% Growth of the payable from golds and jewelry
business
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
47,179 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.
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 Foreign legal
Hongyuan 1.50% 8,281,156 0 - -
person
Securities (Hong
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
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 0.55% 3,050,452 0 - -
person
Domestic nature
Xu Hongbo 0.53% 2,927,319 0 - -
person
China Merchants
Foreign legal
Securities (Hong person 0.52% 2,894,135 0 - -
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 shares 63,508,747
Investment Development Co., Ltd.
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
(Hong Kong) Co., Ltd. 8,281,156 listed foreign 8,281,156
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
Domestically
Ge Zhiqiong 3,050,452 listed foreign 3,050,452
shares
Domestically
Xu Hongbo 2,927,319 listed foreign 2,927,319
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
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
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 general meeting of shareholders in 2020, reviewed and approved
the new plan for non-public issuance of A shares, and planned to raise funds from Wansheng Industry Company through non-public
issuance of shares of total amount not exceeding 293.6 million yuan, which would be used to replenish working capital after
deducting the issuance expenses, and this issuance will lead to changes in the company’s control. On October 25, 2021, the
company’s application for the non-public issuance of A shares was reviewed and approved by the Issuance Appraisal Commission of
the China Securities Regulatory Commission (hereinafter referred to as the CSRC). On November 11, 2021, the company received
the Approval for the Non-public Issuance of Shares by Shenzhen China Bicycle (Group) Co., Ltd. (ZJXK [2021] No. 3552) issued by
the CSRC, and the validity period of the approval is 12 months from the date of approval for the issuance. Relevant work is currently
in progress.
2. Lawsuits of the Company
On February 23, 2022, the company received the Subpoena (2022) Yue 0303 Min Chu No. 3787, Complaint, Notice of Response,
Civil Ruling Paper (2020) Yue 0303 Zhi Bao No. 498 and other legal documents from Shenzhen Luohu District People’s Court,
which has accepted the lawsuit brought by the plaintiff Shenzhen Jianzhi Industrial Development Co., Ltd. against the company on
the grounds of “joint venture and cooperative development of real estate contract disputes”, the amount involved was 30.859 million
yuan. At the same time, the company has filed a counterclaim against Shenzhen Jianzhi Industrial Development Co., Ltd., appealing
payment of 6 million yuan in project returns. The above case was held at the Luohu Court of Shenzhen on the morning of May 11,
2022, and the counterclaim was held at the same time as the present claim, and no judgement was pronounced in court. On August 19,
2022, the Company received a “Paper of Civil Judgment”(2022) Yue 0303 MC No.3787 from Luohu People’s Court of Shenzhen,
Guangdong Province, found more in “Notice on Progress of the Lawsuit” (Notice No.: 2022-019) released on Juchao Website dated
August 23, 2022. Pursuit to the first-instance judgement from Luohu People’s Court of Shenzhen, Guangdong Province, the case will
not have material adverse impact on the current profit of the Company or profit after the period. The Company proceed with an
appeal on August 29, 2022, and request Jianzhi Industrial to pay the 6 million yuan income. As of the reporting period, the second
trial has not yet been heard, the company shall timely fulfill the corresponding information disclosure obligations according to the
progress of the lawsuit. Investors are advised to pay attention to investment risks.
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
IV. Quarterly financial statements
(i) Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
September 30, 2022
Unit: Yuan
Item September 30, 2022 January 1, 2022
Current assets:
Monetary fund 20,645,895.89 33,246,957.92
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable 650,000.00
Account receivable 58,521,345.85 46,850,083.59
Receivable financing
Accounts paid in advance 551,882.24 1,300,408.57
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 667,067.93 494,695.27
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 14,737,540.55 8,248,573.77
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 1,180,214.29 1,814,200.53
Total current assets 96,953,946.75 91,954,919.65
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
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
Fixed assets 3,180,286.56 3,439,212.00
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets 1,151,762.84 1,505,258.90
Intangible assets
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 64,046.67 64,046.67
Other non-current asset 400,000.00 400,000.00
Total non-current asset 4,796,096.07 5,408,517.57
Total assets 101,750,042.82 97,363,437.22
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 14,377,670.74 8,297,306.34
Accounts received in advance
Contractual liability 361,126.93 124,328.07
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 934,689.79 923,477.10
Taxes payable 1,041,050.21 911,506.52
Other account payable 57,575,782.09 61,407,301.04
Including: Interest payable
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
1,234,592.39 1,456,782.04
one year
Other current liabilities 195.63 11,700.06
Total current liabilities 75,525,107.78 73,132,401.17
Non-current liabilities:
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability 38,957.32 228,302.37
Long-term account payable
Long-term wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 38,957.32 228,302.37
Total liabilities 75,564,065.10 73,360,703.54
Owner’s equity:
Share capital 551,347,947.00 551,347,947.00
Other equity instrument
Including: Preferred stock
Perpetual capital
securities
Capital public reserve 627,834,297.85 627,834,297.85
Less: Inventory shares
Other comprehensive income
Reasonable reserve
Surplus public reserve 32,673,227.01 32,673,227.01
Provision of general risk
Retained profit -1,201,725,119.89 -1,202,936,933.70
Total owner’ s equity attributable to
10,130,351.97 8,918,538.16
parent company
Minority interests 16,055,625.75 15,084,195.52
Total owner’ s equity 26,185,977.72 24,002,733.68
Total liabilities and owner’ s equity 101,750,042.82 97,363,437.22
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 149,163,326.31 83,243,710.49
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
Including: Operating income 149,163,326.31 83,243,710.49
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 147,912,822.83 82,925,156.41
Including: Operating cost 138,106,342.56 74,415,444.07
Interest expense
Commission charge and
commission expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee
slip
Reinsurance expense
Tax and extras 55,441.13 55,786.17
Sales expense 3,365,288.77 1,386,181.37
Administrative expense 5,615,729.65 3,765,804.02
R&D expense 819,436.21 3,373,918.21
Financial expense -49,415.49 -71,977.43
Including: Interest
expenses
Interest income -71,657.13 -97,043.54
Add: other income 153,395.80 2,516.00
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
232,267.80 1,356,010.98
(Loss is listed with “-”)
Losses of devaluation of asset
60,509.73
(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
1,636,167.08 1,737,590.79
“-”)
Add: Non-operating income 1,829,385.90 724,960.80
Less: Non-operating expense 1,169,767.54 82,791.00
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
IV. Total profit (Loss is listed with “-”) 2,295,785.44 2,379,760.59
Less: Income tax expense 112,541.40 177,099.91
V. Net profit (Net loss is listed with “-”) 2,183,244.04 2,202,660.68
(i) Classify by business continuity
1.continuous operating net profit
2,183,244.04 2,202,660.68
(net loss listed with ‘-”)
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s
of parent company (net loss listed with 1,211,813.81 1,941,282.30
‘-”)
2.Minority shareholders’ gains and
971,430.23 261,378.38
losses (net loss listed with ‘-”)
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 2,183,244.04 2,202,660.68
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
(i) Total comprehensive income
1,211,813.81 1,941,282.30
attributable to owners of parent Company
(ii) Total comprehensive income
971,430.23 261,378.38
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0022 0.0035
(ii) Diluted earnings per share 0.0022 0.0035
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
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 152,183,072.33 77,209,161.86
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 844,213.44 1,653,129.81
Other cash received concerning
8,637,599.85 9,798,843.06
operating activities
Subtotal of cash inflow arising from
161,664,885.62 88,661,134.73
operating activities
Cash paid for purchasing
commodities and receiving labor 154,426,183.07 73,582,783.96
service
Net increase of customer loans and
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
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 6,056,296.15 6,471,234.93
Taxes paid 710,149.53 731,237.64
Other cash paid concerning
operating activities 15,669,971.08 13,700,299.30
Subtotal of cash outflow arising from
operating activities 176,862,599.83 94,485,555.83
Net cash flows arising from operating
-15,197,714.21 -5,824,421.10
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 43,052.03 5,957.99
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
43,052.03 5,957.99
activities
Net cash flows arising from investing
-43,052.03 -5,957.99
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
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深圳中华自行车（集团）股份有限公司 2022 年第三季度报告
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 336,310.70
Subtotal of cash outflow from financing
activities 336,310.70
Net cash flows arising from financing
activities -336,310.70
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-15,577,076.94 -5,830,379.09
equivalents
Add: Balance of cash and cash
33,246,957.92 19,887,978.05
equivalents at the period-begin
VI. Balance of cash and cash
17,669,880.98 14,057,598.96
equivalents at the period-end
(ii) 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 27, 2022
13
