1
Shenzhen China Bicycle Company (Holdings) Limited
First Quarterly Report 2020
April 2020
2
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.
3
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
Current Period Same period of last year
Changes of this period over
same period of last year
Operating income (RMB) 7,434,449.73 21,954,108.28 -66.14%
Net profit attributable to shareholders of
the listed company (RMB)
-591,902.33 -366,774.37 61.38%
Net profit attributable to shareholders of
the listed company after deducting
non-recurring gains and losses (RMB)
-692,274.89 -410,571.37 68.61%
Net cash flow arising from operating
activities (RMB)
459,865.86 -6,105,394.21 -107.53%
Basic earnings per share (RMB/Share) -0.0011 -0.0007 57.14%
Diluted earnings per share (RMB/Share) -0.0011 -0.0007 57.14%
Weighted average ROE -8.67% -2.60% -6.07%
At the end of the reporting
period
At the end of last year
Changes of this period-end
over same period-end of last
year
Total assets (RMB) 70,304,399.36 62,733,602.58 12.07%
Net assets attributable to shareholder of
listed company (RMB)
6,527,493.97 7,119,396.30 -8.31%
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Item
Amount from year-begin to
period-end
Note
4
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to
national standards, which are closely relevant to enterprise’s
business)
100,000.00
Received epidemic prevention
subsidies from Luohu District
Industry and Information Bureau
Other non-operating income and expenditure except for the
aforementioned items
62,893.20
Less: Impact on income tax 40,723.30
Impact on minority shareholders’ equity (post-tax) 21,797.34
Total 100,372.56 --
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
shareholders at the end of report
period
49,779
Total preference shareholders with
voting rights recovered at end of
reporting period (if applicable)
0
Top ten shareholders
Shareholder’s
name
Nature of
shareholder
Proportion of
shares held
Amount of shares
held
Amount of
restricted shares
held
Number of share pledged/frozen
State of share Amount
Shenzhen
Guosheng Energy
Investment
Development
Co., Ltd.
Domestic
non-State-owned
legal person
11.52% 63,508,747 0 - -
UOB Koy Hian
(Hongkong) Co.,
Ltd.
Foreign legal
person
2.89% 15,907,850 0 - -
Guosen Securities
(Hongkong)
Foreign legal
person
2.52% 13,909,425 0 - -
5
brokerage Co.,
Ltd.
Shenwan
Hongyuan
Securities
(Hongkong) Co.,
Ltd.
Foreign legal
person
1.20% 6,626,116 0 - -
Li Huili
Domestic nature
person
0.71% 3,891,124 0 - -
Xu Hongbo
Domestic nature
person
0.58% 3,187,419 0 - -
Ge Zhiqiong
Domestic nature
person
0.56% 3,085,552 0 - -
CMS Hong Kong
Co., Ltd
State-owned legal
person
0.53% 2,948,288 0 - -
Special Account
for Property
Disposal of
Bankrupt
Enterprise of
CBC
Domestic
non-State-owned
legal person
0.47% 2,602,402 0 - -
Wu Xiaoping
Domestic nature
person
0.36% 2,001,900 0 - -
Top ten shareholders with unrestricted shares held
Shareholder’s name Amount of unrestricted shares held
Type of shares
Type Amount
Shenzhen Guosheng Energy
Investment Development Co., Ltd.
63,508,747
RMB common
shares
63,508,747
UOB Koy Hian (Hongkong) Co.,
Ltd.
15,907,850
Domestically
listed foreign
shares
15,907,850
Guosen Securities (Hongkong)
brokerage Co., Ltd.
13,909,425
Domestically
listed foreign
shares
13,909,425
Shenwan Hongyuan Securities
(Hongkong) Co., Ltd.
6,626,116
Domestically
listed foreign
shares
6,626,116
Li Huili 3,891,124
Domestically
listed foreign
shares
3,891,124
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Xu Hongbo 3,187,419
Domestically
listed foreign
shares
3,187,419
Ge Zhiqiong 3,085,552
RMB common
shares
598,900
Domestically
listed foreign
shares
2,486,652
CMS Hong Kong Co., Ltd 2,948,288
Domestically
listed foreign
shares
2,948,288
Special Account for Property
Disposal of Bankrupt Enterprise of
CBC
2,602,402
RMB common
shares
1,383,313
Domestically
listed foreign
shares
1,219,089
Wu Xiaoping 2,001,900
RMB common
shares
2,001,900
Explanation on associated
relationship among the aforesaid
shareholders
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
Shenzhen Guosheng Energy Investment Development Co., Ltd., beyond that, the Company
has no idea of whether other circulated shareholders belong to concerted action persons ruled
in the Administration Norms for Information Disclosure of Change on Shareholding of
Shareholders of Listed Companies.
Explanation on top ten common
shareholders involving margin
business (if applicable)
N/A
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
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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
Item
Ending or the
period
Opening or last
period
Increase/decrease
y-o-y
Reasons of changes
Monetary fund 9,784,233.77 6,074,367.91 61.07% The account received in advance
from clients and absorption of
minority shareholders’ investment
through capital increased by
subsidiary
Account received in advance 3,838,491.55 1,739,953.80 120.61% The account received in advance
from clients
Minority’s interest 7,431,052.95 4,322,186.79 71.93% Obtained minority shareholders’
investment through capital
increased by subsidiary
Operation revenue 7,434,449.73 21,954,108.28 -66.14% Revenue from bicycle business
and lithium battery material
business declined
Operation cost 7,138,011.11 20,264,348.28 -64.78% Cost from bicycle business and
lithium battery material business
declined
Sale expenses 256,390.20 1,264,109.25 -79.72% Change of cost collection caliber
caused by personnel adjustment
Net cash flow from operation
activities
459,865.86 -6,105,394.21 -107.53% Received in advance from clients in
the period and tax for year-end of
2018 were paid last period
Net cash flow from financing
activities
3,250,000.00 -2,000,000.00 -262.50% Absorption of minority
shareholders’ investment through
capital increased by subsidiary
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicable
1.Planning of non-public issue of shares
The 19
th
Session (interim) of 10
th
BOD was held on 21 April 2020 for deliberated and approved the Proposal on
Signing the Termination Agreement of the Conditional and Effective Share Subscription Agreement (Second
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Revision) with the Original Subscribers and Proposal on Plan of the Non-public Issue of A shares of Shenzhen
China Bicycle Company (Holdings) Limited: the Company terminated the matters of non-public issue of A shares
in 2016 and launch the non-public issue of A shares in 2020, total amount of funds to be raised from the five
specific investors (Wansheng Industrial Holding (Shenzhen) Co., Ltd, Fuzhou Zuankinson Jewerly Co., Ltd.,
Shenzhen Yilian Jingchuang Technology Co., Ltd, Shenzhen Hualinglong Jewelry Co., ltd, and Shenzhen
Jindaogu Jewelry Co., Ltd.) through a private share issue shall not exceed 450 million yuan, after deducting issue
fee, all funds will used to replenish the working capital. The non-public offering plan still needs to be approved by
the Shareholders’ General Meeting of the Company and CSRC. Found more on the Notices released by the BOD
of the Company.
2. Capital increase to controlling subsidiary
In August 2019, the Company and Shenzhen Zuankinson Jewelry Co., Ltd jointly established a Shenzhen Xinsen
Jewelry and Gold Supply Chain Co., ltd with contribution of 6.5 million yuan. Of which, the Company holds 65%
equity, and is the controlling shareholder of Shenzhen Xinsen Jewelry and Gold Supply Chain Co., ltd, while 35%
equity held by Zuankinson Jewelry. According to actual operation development, in February 2020, the two parties
are decided to increase the capital of Shenzhen Xinsen Jewelry and Gold Supply Chain Co., ltd to 20 million yuan
in the same proportion.
On 19 Feb. 2020, the Proposal on Increasing Capital to Controlling Subsidiary was deliberated and approved by
18
th
Session (interim) of 10
th
BOD. After capital increased, shareholding ratio of each party remains unchanged,
the Company is still the controlling shareholder of Shenzhen Xinsen Jewelry and Gold Supply Chain Co., ltd.
Overview Date of disclosure
Query index of temporary Notice on
website
Resolution of 19th Session (interim) of 10th
BOD
2020-04-21
Juchao website:
（http://www.cninfo.com.cn）, Notice No.:
2020-007
Resolution of 9th Session (interim) of 9th
BOS
2020-04-21
Juchao website:
（http://www.cninfo.com.cn）, Notice No.:
2020-008
Notice on Termination of the Non-public
Offering of 2016
2020-04-21
Juchao website:
（http://www.cninfo.com.cn）, Notice No.:
2020-009
Pre-plan of the Non-public Offering of
A-share for 2020
2020-04-21
Juchao website:
（http://www.cninfo.com.cn）
Correction announcement 2020-04-30
Juchao website:
（http://www.cninfo.com.cn）, Notice No.:
2020-015
Resolution of 18th Session (interim) of 10th 2020-02-19 Juchao website:
9
BOD （http://www.cninfo.com.cn）, Notice No.:
2020-002
Notice on Capital increase to controlling
subsidiary
2020-02-19
Juchao website:
（http://www.cninfo.com.cn）, Notice No.:
2020-003
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,
shareholders, related parties, purchaser and companies.
IV. Securities Investment
□ Applicable √ Not applicable
No security investment in Period.
V. Entrust Financial Management
□ Applicable √ Not applicable
No entrust financial management 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
2020-01-02 Telephone communication Individual Consulting the restructuring progress
2020-03-10 Telephone communication Individual
Consulting non-public offering of shares
process
10
2020-02-26 Telephone communication Individual Consulting risk delisting warning matters
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.
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Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
In RMB
Item 2020-3-31 2019-12-31
Current assets:
Monetary fund 9,784,233.77 6,074,367.91
Settlement provisions
Capital lent
Transactional financial assets
Derivative financial assets
Note receivable 210,000.00 580,000.00
Account receivable 41,167,473.97 38,616,523.93
Receivable financing
Accounts paid in advance 1,531,385.08 938,425.99
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 939,472.85 740,354.71
Including: Interest receivable
Dividend receivable
Buying back the sale of financial
assets
Inventories 6,767,873.12 6,078,330.30
Contractual assets
Assets held for sale
Non-current asset due within one
year
Other current assets 3,805,448.32 3,318,514.25
Total current assets 64,205,887.11 56,346,517.09
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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 4,091,180.09 4,191,503.33
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets
Intangible assets 564,750.00 753,000.00
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset 1,042,582.16 1,042,582.16
Other non-current asset 400,000.00 400,000.00
Total non-current asset 6,098,512.25 6,387,085.49
Total assets 70,304,399.36 62,733,602.58
Current liabilities:
Short-term loans
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 10,698,817.11 10,191,385.23
Accounts received in advance 3,838,491.55 1,739,953.80
Contractual liability
13
Selling financial asset of
repurchase
Absorbing deposit and interbank
deposit
Security trading of agency
Security sales of agency
Wage payable 571,605.53 599,962.73
Taxes payable 570,185.39 585,062.75
Other account payable 40,666,752.86 38,175,654.98
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
Total current liabilities 56,345,852.44 51,292,019.49
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 wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 56,345,852.44 51,292,019.49
14
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 -1,205,327,977.89 -1,204,736,075.56
Total owner’ s equity attributable to
parent company
6,527,493.97 7,119,396.30
Minority interests 7,431,052.95 4,322,186.79
Total owner’ s equity 13,958,546.92 11,441,583.09
Total liabilities and owner’ s equity 70,304,399.36 62,733,602.58
Legal Representative: Li Hai
Person in charge of accounting works: Sun Longlong
Person in charge of accounting institute: Zhong Xiaojin
2. Balance Sheet of Parent Company
In RMB
Item 2020-3-31 2019-12-31
Current assets:
Monetary funds 2,374,205.58 1,959,804.92
Trading financial assets
Derivative financial assets
Note receivable 180,000.00 580,000.00
Account receivable 32,710,251.33 32,843,536.70
Receivable financing
Accounts paid in advance 332,682.00 76,937.00
15
Other account receivable 537,062.44 485,062.44
Including: Interest receivable
Dividend receivable
Inventories 1,730,203.10 1,333,374.72
Contractual assets
Assets held for sale
Non-current assets maturing within
one year
Other current assets 3,221,542.60 2,830,705.01
Total current assets 41,085,947.05 40,109,420.79
Non-current assets:
Debt investment
Other debt investment
Long-term receivables
Long-term equity investments 7,485,379.73 4,235,379.73
Investment in other equity
instrument
Other non-current financial assets
Investment real estate
Fixed assets 3,745,668.86 3,813,708.80
Construction in progress
Productive biological assets
Oil and natural gas assets
Right-of-use assets
Intangible assets 564,750.00 753,000.00
Research and development costs
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets 400,000.00 400,000.00
Total non-current assets 12,195,798.59 9,202,088.53
Total assets 53,281,745.64 49,311,509.32
Current liabilities
Short-term borrowings
Trading financial liability
16
Derivative financial liability
Notes payable
Account payable 9,347,511.25 9,002,524.60
Accounts received in advance 3,529,994.18 572,687.18
Contractual liability
Wage payable 472,210.76 507,738.35
Taxes payable 29,252.62 27,797.28
Other accounts payable 37,825,895.89 36,803,498.12
Including: Interest payable
Dividend payable
Liability held for sale
Non-current liabilities due within
one year
Other current liabilities
Total current liabilities 51,204,864.70 46,914,245.53
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
Accrued liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities
Total liabilities 51,204,864.70 46,914,245.53
Owners’ equity:
Share capital 551,347,947.00 551,347,947.00
Other equity instrument
Including: preferred stock
17
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 -1,209,778,590.92 -1,209,458,208.07
Total owner’s equity 2,076,880.94 2,397,263.79
Total liabilities and owner’s equity 53,281,745.64 49,311,509.32
3. Consolidated Profit Statement
In RMB
Item Current period Last period
I. Total operating income 7,434,449.73 21,954,108.28
Including: Operating income 7,434,449.73 21,954,108.28
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 8,330,675.93 22,496,836.32
Including: Operating cost 7,138,011.11 20,264,348.28
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 4,613.22 20,782.52
Sales expense 256,390.20 1,264,109.25
Administrative expense 566,297.41 959,163.70
R&D expense 370,866.09
18
Financial expense -5,502.10 -11,567.43
Including: Interest
expenses
Interest income 12,272.75 20,266.08
Add: other income 7,598.72
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 with “-”)
-7,301.89
Losses of devaluation of asset
(Loss is listed with “-”)
Income from assets disposal
(Loss is listed with “-”)
III. Operating profit (Loss is listed with
“-”)
-895,929.37 -542,728.04
Add: Non-operating income 165,570.00 58,396.00
Less: Non-operating expense 2,676.80
IV. Total profit (Loss is listed with “-”) -733,036.17 -484,332.04
Less: Income tax expense
V. Net profit (Net loss is listed with “-”) -733,036.17 -484,332.04
(i) Classify by business continuity
1.continuous operating net profit
(net loss listed with ‘-”)
-733,036.17 -484,332.04
2.termination of net profit (net loss
listed with ‘-”)
(ii) Classify by ownership
19
1.Net profit attributable to owner’s
of parent company
-591,902.33 -366,774.37
2.Minority shareholders’ gains and
losses
-141,133.84 -117,557.67
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
20
7.Other
Net after-tax of other comprehensive
income attributable to minority
shareholders
VII. Total comprehensive income -733,036.17 -484,332.04
Total comprehensive income
attributable to owners of parent Company
-591,902.33 -366,774.37
Total comprehensive income
attributable to minority shareholders
-141,133.84 -117,557.67
VIII. Earnings per share:
(i) Basic earnings per share -0.0011 -0.0007
(ii) Diluted earnings per share -0.0011 -0.0007
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 2,946,875.03 11,039,480.41
Less: Operating cost 2,554,922.61 10,432,579.67
Taxes and surcharge 1,832.20 6,144.20
Sales expenses 105,145.80 131,886.99
Administration expenses 306,431.73 626,307.15
R&D expenses 370,866.09
Financial expenses -282.48 -6,568.46
Including: interest
expenses
Interest income 2,982.02 10,138.70
Add: other income 6,088.07
Investment income (Loss is
listed with “-”)
Including: Investment income
on affiliated Company and joint venture
21
The termination of
income recognition for financial assets
measured by amortized cost (Loss is
listed with “-”)
Net exposure hedging income
(Loss is listed with “-”)
Changing income of fair
value (Loss is listed with “-”)
Loss of credit impairment
(Loss is listed with “-”)
Losses of devaluation of asset
(Loss is listed with “-”)
Income on disposal of assets
(Loss is listed with “-”)
II. Operating profit (Loss is listed with
“-”)
-385,952.85 -150,869.14
Add: Non-operating income 65,570.00 58,396.00
Less: Non-operating expense
III. Total Profit (Loss is listed with “-”) -320,382.85 -92,473.14
Less: Income tax
IV. Net profit (Net loss is listed with
“-”)
-320,382.85 -92,473.14
(i)continuous operating net profit (net
loss listed with ‘-”)
-320,382.85 -92,473.14
(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
22
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
VI. Total comprehensive income -320,382.85 -92,473.14
VII. Earnings per share:
(i) Basic earnings per share -0.0006 -0.0002
(ii) Diluted earnings per share -0.0006 -0.0002
5. Consolidated Cash Flow Statement
In RMB
Item Current period Last period
I. Cash flows arising from operating
activities:
Cash received from selling
commodities and providing labor
services
5,190,850.17 4,648,357.26
Net increase of customer deposit
and interbank deposit
Net increase of loan from central
23
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 6,453.35
Other cash received concerning
operating activities
5,623,782.06 1,988,765.05
Subtotal of cash inflow arising from
operating activities
10,821,085.58 6,637,122.31
Cash paid for purchasing
commodities and receiving labor
service
6,267,803.24 3,324,815.98
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 1,456,506.88 1,454,436.46
Taxes paid 94,267.49 5,266,314.48
Other cash paid concerning 2,542,642.11 2,696,949.60
24
operating activities
Subtotal of cash outflow arising from
operating activities
10,361,219.72 12,742,516.52
Net cash flows arising from operating
activities
459,865.86 -6,105,394.21
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
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
3,250,000.00
Including: Cash received from
absorbing minority shareholders’
investment by subsidiaries
3,250,000.00
25
Cash received from loans
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities
3,250,000.00
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
2,000,000.00
Subtotal of cash outflow from financing
activities
2,000,000.00
Net cash flows arising from financing
activities
3,250,000.00 -2,000,000.00
IV. Influence on cash and cash
equivalents due to fluctuation in
exchange rate
V. Net increase of cash and cash
equivalents
3,709,865.86 -8,105,394.21
Add: Balance of cash and cash
equivalents at the period -begin
6,074,367.91 16,488,886.26
VI. Balance of cash and cash
equivalents at the period -end
9,784,233.77 8,383,492.05
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
services
1,276,508.00 369,800.00
Write-back of tax received 6,453.35
Other cash received concerning
operating activities
6,183,396.37 2,378,627.59
26
Subtotal of cash inflow arising from
operating activities
7,466,357.72 2,748,427.59
Cash paid for purchasing
commodities and receiving labor
service
382,049.53 129,062.00
Cash paid to/for staff and workers 1,191,658.28 642,831.68
Taxes paid 74,306.27 5,153,942.70
Other cash paid concerning
operating activities
2,153,942.98 1,913,181.60
Subtotal of cash outflow arising from
operating activities
3,801,957.06 7,839,017.98
Net cash flows arising from operating
activities
3,664,400.66 -5,090,590.39
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 3,250,000.00
Net cash received from
subsidiaries and other units obtained
Other cash paid concerning
investing activities
Subtotal of cash outflow from investing
activities
3,250,000.00
Net cash flows arising from investing -3,250,000.00
27
activities
III. Cash flows arising from financing
activities
Cash received from absorbing
investment
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
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
equivalents
414,400.66 -5,090,590.39
Add: Balance of cash and cash
equivalents at the period -begin
1,959,804.92 8,889,572.73
VI. Balance of cash and cash
equivalents at the period -end
2,374,205.58 3,798,982.34
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new revenue
rules and new leasing rules from 2020
□Applicable √Not applicable
2. Retrospective adjustment of the comparative data for initial implementation of new revenue rules and
new leasing rules from 2020
□Applicable √Not applicable
28
III. Audit report
Whether the 1st quarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.
Board of Directors of
Shenzhen China Bicycle Company (Holdings) Limited
29 April 2020
