Shenzhen China Bicycle Company (Holdings) Limited
First Quarterly Report 2020
April 2020
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen China BicycleCompany (Holdings) Limited (hereinafter referred to as the Company) and itsdirectors, supervisors and senior executives should guarantee the reality,accuracy and completion of the quarterly report, there are no any fictitiousstatements, 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 ofaccounting works and Zhong Xiaojin, person in charge of accounting organ(accounting officer) hereby confirm that the Financial Report of this QuarterlyReport is authentic, accurate and complete.
Section II. Basic Information of the CompanyI. Main accounting data and financial indexesWhether 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 |
| 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 CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities 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 ofextraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities tothe 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 topten 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 | - | - |
| 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 | |||
| 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 agreementdealing 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-backagreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferredstock held
□ Applicable √ Not applicable
Section III. Significant EventI. Particulars about material changes in items of main accounting statement and financialindex 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 onSigning the Termination Agreement of the Conditional and Effective Share Subscription Agreement (Second
Revision) with the Original Subscribers and Proposal on Plan of the Non-public Issue of A shares of ShenzhenChina Bicycle Company (Holdings) Limited: the Company terminated the matters of non-public issue of A sharesin 2016 and launch the non-public issue of A shares in 2020, total amount of funds to be raised from the fivespecific investors (Wansheng Industrial Holding (Shenzhen) Co., Ltd, Fuzhou Zuankinson Jewerly Co., Ltd.,Shenzhen Yilian Jingchuang Technology Co., Ltd, Shenzhen Hualinglong Jewelry Co., ltd, and ShenzhenJindaogu Jewelry Co., Ltd.) through a private share issue shall not exceed 450 million yuan, after deducting issuefee, all funds will used to replenish the working capital. The non-public offering plan still needs to be approved bythe Shareholders’ General Meeting of the Company and CSRC. Found more on the Notices released by the BODof the Company.
2. Capital increase to controlling subsidiary
In August 2019, the Company and Shenzhen Zuankinson Jewelry Co., Ltd jointly established a Shenzhen XinsenJewelry 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 partiesare decided to increase the capital of Shenzhen Xinsen Jewelry and Gold Supply Chain Co., ltd to 20 million yuanin the same proportion.On 19 Feb. 2020, the Proposal on Increasing Capital to Controlling Subsidiary was deliberated and approved by
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: |
| 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 Periodfrom 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 reportperiod
√ 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 |
| 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.
Section IV. Financial StatementI. 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 |
| 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 |
| 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 |
| 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 HaiPerson in charge of accounting works: Sun LonglongPerson 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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, andrealized 0 Yuan at last period for combined partyLegal representative: Li Hai Person in charge of accounting works: Sun LonglongPerson 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 revenuerules and new leasing rules from 2020
□Applicable √Not applicable
2. Retrospective adjustment of the comparative data for initial implementation of new revenue rules andnew leasing rules from 2020
□Applicable √Not applicable
III. Audit report
Whether the 1
stquarterly report has been audited or not
□Yes √ No
1Q report of the Company is unaudited.
Board of Directors of
Shenzhen China Bicycle Company (Holdings) Limited29 April 2020