The Third Quarterly Report for 2024
Stock code: 000017, 200017 Notice No.: 2024-032
Short form of the stock: Zhonghua-A, Zhonghua-B
Shenzhen China Bicycle Company (Holdings) Limited
The Third Quarterly Report for 2024
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
65,962,279.75 18.84% 279,461,877.00 -19.81%
(Yuan)
Net profit attributable
to shareholders of the 1,704,494.53 789.43% 7,422,137.22 46.86%
listed company (Yuan)
Net profit attributable 980,448.21 2,246.62% 5,973,815.55 18.64%
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The Third Quarterly Report for 2024
to shareholders of the
listed company after
deducting non-
recurring gains and
losses (Yuan)
Net cash flow arising
from operating — — -58,990,458.24 -47.52%
activities (Yuan)
Basic earnings per
0.0025 733.33% 0.0108 47.95%
share (Yuan /Share)
Diluted earnings per
0.0025 733.33% 0.0108 47.95%
share (Yuan /Share)
Weighted average ROE 0.54% 0.47% 2.38% 0.62%
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) 372,362,775.22 369,677,494.32 0.73%
Net assets attributable
to shareholder of listed 316,183,383.38 308,761,246.16 2.40%
company (Yuan)
(ii) Items and amounts of non-recurring profit (gains)/losses
Applicable □Not applicable
Unit: RMB/CNY
Amount from year-begin to
Item Amount for the period Note
period-end
Reversal of the account
receivable depreciation
13,156.00 54,456.00
reserves subject to separate
impairment test
Other non-operating income
and expenses other than the 699,639.33 1,879,774.20
above
Less: impact on income tax 178,035.62 482,938.75
Impact on minority
shareholders’ equity (post- -26,338.44 2,969.78
tax)
Total 561,098.15 1,448,321.67 --
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
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The Third Quarterly Report for 2024
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
Unit: RMB/CNY
Period-end or the Period-begin or last period Year-on-year increase and Reason for change
Period decrease
Increased stocking in
Monetary fund 15,726,652.77 54,148,674.40 -70.96%
the Period
Received compensation
for Wansheng
Other account Industrial's 2023
673,643.78 12,868,327.03 -94.77%
receivable performance
commitment in this
period
Increased stocking in
Inventory 160,393,405.42 81,916,039.14 95.80%
the Period
Mainly due to the
Net profit attributable
reduction of non-
to shareholders of the 7,422,137.22 5,053,938.11 46.86%
operating expenses in
parent company
this period
Net cash flow arising
from operating -58,990,458.24 -39,987,025.48 -47.52%
activities
Net cash flow arising
from financing 21,848,051.76
activities
II. Shareholders Information
(i) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
Unit: Shares
Total common shareholders at the end of Total preference shareholders with voting rights
59,368 0
report period recovered at end of reporting period (if applicable)
Shares held by the top 10 shareholders(Excludes shares lent through refinancing)
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 (Shenzhen) Co., state-owned 20.00% 137,836,986 137,836,986 Not applicable 0
Ltd. legal person
Shenzhen Guosheng Domestic non-
Energy Investment state-owned 9.22% 63,508,747 0 Not applicable 0
Development Co., Ltd. legal person
UOB Kay Hian (Hong Foreign legal
5.92% 40,817,329 0 Not applicable 0
Kong) Limited person
Guosen Securities (HK) Foreign legal
3.04% 20,983,693 0 Not applicable 0
Brokerage Co., Ltd. person
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The Third Quarterly Report for 2024
China Merchants Foreign legal
2.99% 20,594,135 0 Not applicable 0
Securities (HK) Co., Ltd person
Shenwan Hongyuan
Foreign legal
Securities (Hong Kong) 1.20% 8,279,256 0 Not applicable 0
person
Co., Ltd.
Foreign legal
UBS AG 1.08% 7,453,969 0 Not applicable 0
person
Domestic nature
Li Huili 0.56% 3,891,124 0 Not applicable 0
person
MORGAN STANLEY &
Foreign legal
CO. INTERNATIONAL 0.54% 3,749,464 0 Not applicable 0
person
PLC.
Domestic nature
Zhang Youqing 0.44% 3,009,200 0 Not applicable 0
person
Shares held by the Top 10 Shareholders of Non-restricted shares(Excluding shares lent through refinancing and Top management
lock-in stock)
Amount of un-restrict shares held at Period- Type/Amount
Full name of Shareholders
end Type Amount
Shenzhen Guosheng Energy Investment RMB common
63,508,747 63,508,747
Development Co., Ltd. shares
Domestically
UOB Kay Hian (Hong Kong) Limited 40,817,329 listed foreign 40,817,329
shares
Domestically
Guosen Securities (HK) Brokerage Co., Ltd. 20,983,693 listed foreign 20,983,693
shares
Domestically
China Merchants Securities (HK) Co., Ltd 20,594,135 listed foreign 20,594,135
shares
Domestically
Shenwan Hongyuan Securities (Hong Kong)
8,279,256 listed foreign 8,279,256
Co., Ltd.
shares
RMB common
UBS AG 7,453,969 7,453,969
shares
RMB common
Li Huili 3,891,124 3,891,124
shares
MORGAN STANLEY & CO. RMB common
3,749,464 3,749,464
INTERNATIONAL PLC. shares
RMB common
Zhang Youqing 3,009,200 3,009,200
shares
Domestically
Xu Hongbo 2,960,619 listed foreign 2,960,619
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
Explanation on associated relationship among the Investment Development Co., Ltd., other than that, the Company
aforesaid shareholders does not know 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)
Note 1: UOB Kay Hian (Hong Kong) Limited is a licensed corporation under the Hong Kong Securities and Futures Ordinance,
providing securities brokerage services to retail and institutional clients. Its main business is brokerage of Hong Kong stocks, and
it also provides securities brokerage and services in overseas markets. According to the email sent by UOB Kay Hian (Hong
Kong) Limited, as of September 30, 2024, UOB Kay Hian (Hong Kong) Limited held 40,817,329 B shares of Shenshen China
Bicycle for three retail customers. Although the shareholding ratio has reached 5.92%, that of a single customer did not exceed
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The Third Quarterly Report for 2024
5%, and the three retail customers were not acting in concert an did not hold the shares of Shenzhen China Bicycle on other
platforms.
Information of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10
shareholders of unrestricted tradable shares participating in the lending of shares in securities lending and
borrowing business
□ Applicable √ Not applicable
The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared
with the previous period due to the securities lending/returning,
□ Applicable √ Not 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.
(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
IV. Financial Statement
(1) Financial statement
1. Consolidate Balance Sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
2024-09-30
Unit: RMB/CNY
Item 2024-9-30 2024-1-1
Current assets:
Monetary fund 15,726,652.77 54,148,674.40
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 171,205,365.67 196,293,133.00
Receivable financing
Accounts paid in advance 1,554,507.00 3,821,181.16
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
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The Third Quarterly Report for 2024
Other account receivable 673,643.78 12,868,327.03
Including: Interest receivable
Dividend receivable
Buying back the sale of financial assets
Inventories 160,393,405.42 81,916,039.14
Including：Data resources
Contractual assets
Assets held for sale
Non-current asset due within one year
Other current assets 13,405,122.98 11,216,095.44
Total current assets 362,958,697.62 360,263,450.17
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 1,030,000.00
Investment in other equity instrument
Other non-current financial assets
Investment real estate
Fixed assets 2,408,138.90 2,288,610.10
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets 1,175,233.41 1,816,269.83
Intangible assets
Including：Data resources
Expense on Research and
Development
Including：Data resources
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 4,790,705.29 4,909,164.22
Other non-current asset 400,000.00
Total non-current asset 9,404,077.60 9,414,044.15
Total assets 372,362,775.22 369,677,494.32
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 6,155,375.36 6,213,665.02
Accounts received in advance
Contractual liability 699,765.89 633,114.64
Selling financial asset of repurchase
Absorbing deposit and interbank deposit
Security trading of agency
Security sales of agency
Wage payable 1,219,563.79 1,149,151.81
Taxes payable 436,515.50 11,297,756.46
Other account payable 36,523,136.89 39,034,314.13
Including: Interest payable
Dividend payable
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The Third Quarterly Report for 2024
Commission charge and
commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one
1,233,725.75 847,403.05
year
Other current liabilities 472.64 82,304.90
Total current liabilities 46,268,555.82 59,257,710.01
Non-current liabilities:
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability 1,018,630.12
Long-term account payable
Long-term wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 1,018,630.12
Total liabilities 46,268,555.82 60,276,340.13
Owner’s equity:
Share capital 689,184,933.00 689,184,933.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 779,554,450.36 779,554,450.36
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 -1,185,229,226.99 -1,192,651,364.21
Total owner’ s equity attributable to
316,183,383.38 308,761,246.16
parent company
Minority interests 9,910,836.02 639,908.03
Total owner’ s equity 326,094,219.40 309,401,154.19
Total liabilities and owner’ s equity 372,362,775.22 369,677,494.32
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: RMB/CNY
Item Current period Last period
I. Total operating income 279,461,877.00 348,502,645.41
Including: Operating income 279,461,877.00 348,502,645.41
Interest income
Insurance gained
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The Third Quarterly Report for 2024
Commission charge and commission
income
II. Total operating cost 271,579,417.93 341,335,709.83
Including: Operating cost 260,910,746.04 330,412,351.09
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 230,623.58 199,337.45
Sales expense 2,901,679.12 4,332,882.87
Administrative expense 6,855,646.01 5,838,050.17
R&D expense 670,760.89 618,551.26
Financial expense 9,962.29 -65,463.01
Including: Interest expenses 64,464.82 0.00
Interest income 53,546.78 83,542.26
Add: other income 0.00 122,592.35
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 (Loss is listed
43,688.48 683,106.90
with “-”)
Losses of devaluation of asset (Loss is
8,123.50
listed with “-”)
Income from assets disposal (Loss is listed
with “-”)
III. Operating profit (Loss is listed with “-”) 7,934,271.05 7,972,634.83
Add: Non-operating income 1,939,902.20 2,039,743.85
Less: Non-operating expense 60,128.00 2,166,299.47
IV. Total profit (Loss is listed with “-”) 9,814,045.25 7,846,079.21
Less: Income tax expense 2,870,980.04 1,715,566.42
V. Net profit (Net loss is listed with “-”) 6,943,065.21 6,130,512.79
(i) Classify by business continuity
1.continuous operating net profit (net loss
6,943,065.21 6,130,512.79
listed with ‘-”)
2.termination of net profit (net loss listed
with ‘-”)
(ii) Classify by ownership
1.Net profit attributable to owner’s of
7,422,137.22 5,053,938.11
parent company (net loss listed with ‘-”)
2.Minority shareholders’ gains and losses
-479,072.01 1,076,574.68
(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
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The Third Quarterly Report for 2024
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 6,943,065.21 6,130,512.79
(i) Total comprehensive income attributable
7,422,137.22 5,053,938.11
to owners of parent Company
(ii) Total comprehensive income
-479,072.01 1,076,574.68
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.0108 0.0073
(ii) Diluted earnings per share 0.0108 0.0073
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: RMB/CNY
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling commodities
342,227,547.20 583,081,972.50
and providing labor 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
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The Third Quarterly Report for 2024
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
Other cash received concerning
17,119,461.21 19,907,425.37
operating activities
Subtotal of cash inflow arising from
359,347,008.41 602,989,397.87
operating activities
Cash paid for purchasing commodities
398,906,742.89 607,900,711.82
and receiving labor 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 7,033,474.81 5,533,619.97
Taxes paid 7,291,934.35 11,085,555.22
Other cash paid concerning operating 5,105,314.60 18,456,536.34
activities
Subtotal of cash outflow arising from 418,337,466.65 642,976,423.35
operating activities
Net cash flows arising from operating
-58,990,458.24 -39,987,025.48
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,
249,615.15 168,764.97
intangible and other long-term assets
Cash paid for investment 1,030,000.00
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
1,279,615.15 168,764.97
activities
Net cash flows arising from investing
-1,279,615.15 -168,764.97
activities
III. Cash flows arising from financing
activities
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The Third Quarterly Report for 2024
Cash received from absorbing
9,750,000.00
investment
Including: Cash received from absorbing
minority shareholders’ investment by
subsidiaries
Cash received from loans
Other cash received concerning
12,098,051.76
financing activities
Subtotal of cash inflow from financing
21,848,051.76
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
21,848,051.76
activities
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
-38,422,021.63 -40,155,790.45
equivalents
Add: Balance of cash and cash
54,148,674.40 50,922,869.35
equivalents at the period-begin
VI. Balance of cash and cash equivalents
15,726,652.77 10,767,078.90
at the period-end
(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 2024
□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 29, 2024
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