深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
Stock code: 000017, 200017 Notice No.: 2023-029
Short form of the stock: Zhonghua-A, Zhonghua-B
Shenzhen China Bicycle Company (Holdings) Limited
The Third Quarterly Report for 2023
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
year-begin to period-
the period compared Year-begin to period-
Current period end compared with the
with the same period of end
same period of the
the previous year
previous year
Operating income
(Yuan) 55,503,482.91 30.60% 348,502,645.41 133.64%
Net profit attributable
to shareholders of the 191,639.21 -92.89% 5,053,938.11 317.06%
listed company (Yuan)
Net profit attributable
to shareholders of the
listed company after
deducting non- 41,781.30 -98.21% 5,035,148.64 9,599.18%
recurring gains and
losses (Yuan)
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深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
Net cash flow arising
from operating — — -39,987,025.48 -163.11%
activities (Yuan)
Basic earnings per
share (Yuan /Share) 0.0003 -93.88% 0.0073 231.82%
Diluted earnings per
share (Yuan /Share) 0.0003 -93.88% 0.0073 231.82%
Weighted average ROE 0.07% -30.62% 1.76% -10.96%
Increase/decrease at the period-end compared
End of current period End of previous year
with the end of the previous year
Total assets (Yuan) 360,582,593.97 397,253,487.93 -9.23%
Net assets attributable
to shareholder of listed 284,783,104.16 290,129,318.51 -1.84%
company (Yuan)
(ii) Items and amounts of non-recurring profit (gains)/losses
Applicable □Not applicable
Unit: Yuan
Amount from year-begin to
Item Amount for the period Note
period-end
Government subsidy recorded
in current gains/losses (except
those closely related to the
Company’s normal operation,
and those continuously 118,407.65 120,500.00
enjoyed on a fixed or
quantitative basis with certain
standards in accordance with
national policy regulations)
Reversal of the account
receivable depreciation
reserves subject to separate 3,652.00 37,272.00
impairment test
Other non-operating income
and expenses other than the 83,116.26 -126,555.62
above
Less: impact on income tax 50,112.69 6,465.23
Impact on minority
shareholders’ equity (post- 5,205.31 5,961.68
tax)
Total 149,857.91 18,789.47 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
2
深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
□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
(iii) Particulars about changes in items of main accounting data and financial index and explanations of
reasons
Applicable □Not applicable
Period-end or the Period-begin or Year-on- Reason for change
Period last period year
increase and
decrease
M onetary fund 10,767,078.90 54,699,491.18 -80% Increased stocking in the Period
Recovery of payments in the
Account receivable 57,762,982.40 250,069,301.93 -77%
Period
Inventory 252,527,858.91 48,206,866.81 424% Increased stocking in the Period
New leased office space in the
Right-of-use assets 2,009,787.86 173,936.71 1055%
Period
Increase in account payable from
Account payable 9,441,068.93 2,877,423.23 228%
gold and jewellery business
The tax payable at beginning of
Tax payable 951,585.98 38,144,508.36 -98% the Period was settle basically in
the Period
In Q4 of 2022, the Company
completed the non-public
offering to raise the capital for
Operating income 348,502,645.41 149,163,326.31 134%
business expansion,which
resulted in an increase in
operating income for the period
Costs increased correspondingly
Operating costs 330,412,351.09 138,106,342.56 139% with the growth of operation
revenue
The account receivable declined,
Credit impairment loss (loss is "-") 683,106.90 232,267.80 194% reversal of the prior-period
separate bad debt provision
Profit growth in the Period, the
Income tax expenses 1,715,566.42 112,541.40 1424% income tax expenses increased
correspondingly
Cash received from selling Operation revenue increased in
commodities and providing labor 583,081,972.50 152,183,072.33 283% the Period, and collection of the
services account receivable
Cash paid for purchasing
Purchasing material and stocking
commodities and receiving labor 607,900,711.82 154,426,183.07 294%
increased in the Period
service
Net cash flows arising from Purchasing material and stocking
-39,987,025.48 -15,197,714.21 163%
operating activities increased in the Period
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深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
II. Shareholders Information
(i) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
Unit: Share
Total common shareholders at the end of Total preference shareholders with voting rights
40,965 0
report period recovered at end of reporting period (if applicable)
Top ten shareholders
Proporti Information of shares pledged,
Amount of
Nature of on of Amount of tagged or frozen
Shareholder’s name restricted
shareholder shares shares held
shares held State of share Amount
held
Wansheng Industrial
Domestic non-
Holdings
state-owned legal 20.00% 137,836,986 137,836,986 - -
(Shenzhen) Co.,
person
Ltd.
Shenzhen Guosheng
Domestic non-
Energy Investment
state-owned legal 9.22% 63,508,747 0 - -
Development Co.,
person
Ltd.
UOB Kay Hian
Foreign legal
(Hong Kong) 2.31% 15,907,850 0 - -
person
Limited
Guosen Securities
Foreign legal
(HK) Brokerage 2.02% 13,909,425 0 - -
person
Co., Ltd.
Shenwan Hongyuan
Foreign legal
Securities (Hong 1.20% 8,281,156 0 - -
person
Kong) Co., Ltd.
Lhasa Xingqing
Domestic non-
Network
state-owned legal 0.67% 4,600,255 0 - -
Technology Co.,
person
Ltd.
Domestic nature
Li Huili 0.56% 3,891,124 0 - -
person
Domestic nature
Liu Ligang 0.47% 3,229,700 0 - -
person
Domestic nature
Ge Zhiqiong 0.44% 3,050,452 0 - -
person
Domestic nature
Xu Hongbo 0.42% 2,927,319 0 - -
person
Particular about top ten shareholders with un-restrict shares held
Amount of un-restrict shares held at Period- Type/Amount
Full name of Shareholders
end Type Amount
Shenzhen Guosheng Energy Investment RM B common
63,508,747 63,508,747
Development Co., Ltd. shares
Domestically
UOB Kay Hian (Hong Kong) Limited 15,907,850 listed foreign 15,907,850
shares
Domestically
Guosen Securities (HK) Brokerage Co.,
13,909,425 listed foreign 13,909,425
Ltd.
shares
Shenwan Hongyuan Securities (Hong 8,281,156 Domestically 8,281,156
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深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
Kong) Co., Ltd. listed foreign
shares
Lhasa Xingqing Network Technology RM B common
4,600,255 4,600,255
Co., Ltd. shares
Domestically
Li Huili 3,891,124 listed foreign 3,891,124
shares
RM B common
Liu Ligang 3,229,700 3,229,700
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 M erchants Securities (HK) Co.,
2,894,135 listed foreign 2,894,135
Ltd
shares
Li Huili, spouse of Ji Hanfei, the actual controller of Shenzhen
Guosheng Energy Investment Development Co., Ltd., holding B-share
of the Company on behalf of Shenzhen Guosheng Energy Investment
Explanation on associated relationship among the Development Co., Ltd., other than that, the Company does not know
aforesaid shareholders whether the other outstanding shareholders are related and whether the
shareholders belong to persons acting in concert regulated in the
Administration of Disclosure of Information on the Change of
Shareholders in Listed Companies.
Explanation on top 10 shareholders involving margin
N/A
business (if applicable)
(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□Applicable Not applicable
III. Important matters
Applicable □Not applicable
1.Completion of the purchase of minority interests from controlling subsidiary
In order to integrate resources in a further step, optimize the resources allocation and improve the competitiveness and
comprehensive strength of the Company in field of jewelry and gold, in June 2023, the Proposal of Purchase of Minority Interest
from Controlling Subsidiary and Related Traction was deliberated and approved by the Board and Shareholders’ General M eeting
respectively. On the basis of Assets Appraisal Report on Some of the Shareholders’ Interests Involved in Proposed Equity Transfer
of Shenzhen Xinsen Jewelry Gold Supply Chain Co., Ltd(YUWEI PBZi[2023]No.041) issued by YUWEI International Assets
Appraisal (Shenzhen) Co., Ltd., the Company purchased 35% equity of Xinsen Company held by Zuankinson Company with RMB
25.55 million. After the equity purchased, the Company holds 100% equity of Xinsen Company, and Xinsen Company becomes a
wholly-owned subsidiary of the Company. Found more in the Notice on Purchase of Minority Interest from Controlling Subsidiary
and Related Traction (No.:2023019) released on Juchao Website dated June 7, 2023. As at the end of reporting period, the
procedures of industrial & commercial change has completed. Found more in the Notice of Progress on Purchase of Minority
Interest from Controlling Subsidiary released on Juchao Website dated August 11, 2023.
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深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
IV. Financial Statement
(1) Financial statement
1. Consolidate Balance Sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
2023-09-30
Unit: Yuan
Item 2023-9-30 2023-1-1
Current assets:
M onetary fund 10,767,078.90 54,699,491.18
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable 839,035.38 1,102,000.00
Account receivable 57,762,982.40 250,069,301.93
Receivable financing
Accounts paid in advance 3,723,398.37 4,286,935.15
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 452,787.36 438,477.82
Including:Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 252,527,858.91 48,206,866.81
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 29,554,062.62 35,453,106.62
Total current assets 355,627,203.94 394,256,179.51
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 2,344,005.69 2,304,402.38
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets 2,009,787.86 173,936.71
Intangible assets
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深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 201,596.48 118,969.33
Other non-current asset 400,000.00 400,000.00
Total non-current asset 4,955,390.03 2,997,308.42
Total assets 360,582,593.97 397,253,487.93
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 9,441,068.93 2,877,423.23
Accounts received in advance
Contractual liability 929,025.56 791,762.84
Selling financial asset of repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 790,354.23 769,992.42
Taxes payable 951,585.98 38,144,508.36
Other account payable 61,032,490.48 48,621,087.98
Including: Interest payable
Dividend payable
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within
one year 210,892.38
Other current liabilities 218.58 102,929.16
Total current liabilities 73,144,743.76 91,518,596.37
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital
securities
Lease liability 2,009,787.86
Long-term account payable
Long-term wages payable
Accrual liability 887,342.00
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 2,009,787.86 887,342.00
Total liabilities 75,154,531.62 92,405,938.37
Owner’s equity:
Share capital 689,184,933.00 689,184,933.00
Other equity instrument
Including: Preferred stock
Perpetual capital
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深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
securities
Capital public reserve 768,424,318.49 778,824,470.95
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 -1,205,499,374.34 -1,210,553,312.45
Total owner’ s equity attributable to
parent company 284,783,104.16 290,129,318.51
M inority interests 644,958.19 14,718,231.05
Total owner’ s equity 285,428,062.35 304,847,549.56
Total liabilities and owner’ s equity 360,582,593.97 397,253,487.93
Legal Representative: Wang Shenghong
Person in charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: She Hanxing
2. Consolidated Profit Statement (from the year-begin to the period-end)
Unit: Yuan
Item Current period Last period
I. Total operating income 348,502,645.41 149,163,326.31
Including: Operating income 348,502,645.41 149,163,326.31
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 341,335,709.83 147,912,822.83
Including: Operating cost 330,412,351.09 138,106,342.56
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 199,337.45 55,441.13
Sales expense 4,332,882.87 3,365,288.77
Administrative expense 5,838,050.17 5,615,729.65
R&D expense 618,551.26 819,436.21
Financial expense -65,463.01 -49,415.49
Including: Interest
expenses
Interest income 83,542.26 71,657.13
Add: other income 122,592.35 153,395.80
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated company and joint venture
The termination of
8
深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
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
(Loss is listed with “-”) 683,106.90 232,267.80
Losses of devaluation of asset
(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
“-”) 7,972,634.83 1,636,167.08
Add: Non-operating income 2,039,743.85 1,829,385.90
Less: Non-operating expense 2,166,299.47 1,169,767.54
IV Total profit (Loss is listed with “-”) 7,846,079.21 2,295,785.44
Less: Income tax expense 1,715,566.42 112,541.40
V Net profit (Net loss is listed with “-”) 6,130,512.79 2,183,244.04
(i) Classify by business continuity
1.continuous operating net profit
(net loss listed with ‘-”) 6,130,512.79 2,183,244.04
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 ‘- 5,053,938.11 1,211,813.81
”)
2.M inority shareholders’ gains and
losses (net loss listed with ‘-”) 1,076,574.68 971,430.23
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
9
深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
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 6,130,512.79 2,183,244.04
(i) Total comprehensive income
attributable to owners of parent 5,053,938.11 1,211,813.81
Company
(ii) Total comprehensive income
attributable to minority shareholders 1,076,574.68 971,430.23
VIII. Earnings per share:
(i) Basic earnings per share 0.0073 0.0022
(ii) Diluted earnings per share 0.0073 0.0022
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: Wang Shenghong
Person in charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: She Hanxing
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 583,081,972.50 152,183,072.33
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
Other cash received concerning
19,907,425.37 8,637,599.85
operating activities
Subtotal of cash inflow arising from
602,989,397.87 161,664,885.62
operating activities
Cash paid for purchasing
commodities and receiving labor service 607,900,711.82 154,426,183.07
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深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
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 5,533,619.97 6,056,296.15
Taxes paid 11,085,555.22 710,149.53
Other cash paid concerning
18,456,536.34 15,669,971.08
operating activities
Subtotal of cash outflow arising from
642,976,423.35 176,862,599.83
operating activities
Net cash flows arising from operating
-39,987,025.48 -15,197,714.21
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 168,764.97 43,052.03
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
activities 168,764.97 43,052.03
Net cash flows arising from investing
activities -168,764.97 -43,052.03
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
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 336,310.70
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深圳中华自行车（集团）股份有限公司 2023 年第三季度报告
activities
Subtotal of cash outflow from financing
336,310.70
activities
Net cash flows arising from financing
-336,310.70
activities
IV Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V Net increase of cash and cash
equivalents -40,155,790.45 -15,577,076.94
Add: Balance of cash and cash
equivalents at the period-begin 50,922,869.35 33,246,957.92
VI. Balance of cash and cash equivalents
at the period-end 10,767,078.90 17,669,880.98
(ii)Adjustment to the items related to financial statements at the beginning of the year when implemented
the new accounting standards for the first time from 2023
□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 27, 2023
12
