Shenzhen China Bicycle Company (Holdings) Limited
First Quarterly Report 2021
April 2021
Section I. Important NotesBoard 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 Company
I. 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) | 23,163,329.56 | 7,434,449.73 | 211.57% |
| Net profit attributable to shareholders of the listed company (RMB) | -211,535.36 | -591,902.33 | 64.26% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | -211,535.36 | -692,274.89 | 69.44% |
| Net cash flow arising from operating activities (RMB) | 1,399,162.83 | 459,865.86 | 204.25% |
| Basic earnings per share (RMB/Share) | -0.0004 | -0.0011 | 63.64% |
| Diluted earnings per share (RMB/Share) | -0.0004 | -0.0011 | 63.64% |
| Weighted average ROE | -1.96% | -8.67% | 6.71% |
| 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) | 86,197,389.31 | 91,742,769.99 | -6.04% |
| Net assets attributable to shareholder of listed company (RMB) | 10,693,695.62 | 10,905,230.98 | -1.94% |
Items of non-recurring gains and losses
□ Applicable √ Not applicable
There were no non-recurring profit and loss items during the reporting period.
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 | 38,871 | Total preference shareholders with | 0 |
| shareholders at the end of report period | voting rights recovered at end of reporting period (if applicable) | |||||
| 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 (Hong Kong) Co., Ltd. | Foreign legal person | 2.89% | 15,907,850 | 0 | - | - |
| Guosen Securities (Hong Kong) brokerage Co., Ltd. | Foreign legal person | 2.52% | 13,909,425 | 0 | - | - |
| Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. | Foreign legal person | 1.50% | 8,283,272 | 0 | - | - |
| Lhasa Xingqing Network Technology Co., Ltd. | Domestic non-state-owned legal person | 0.83% | 4,600,255 | 0 | - | - |
| Wu Xiaoping | Domestic nature person | 0.74% | 4,070,300 | 0 | - | - |
| Li Huili | Domestic nature person | 0.71% | 3,891,124 | 0 | - | - |
| LI SHERYN ZHAN MING | Foreign natural person | 0.63% | 3,480,187 | 0 | - | - |
| Ge Zhiqiong | Domestic nature person | 0.62% | 3,395,752 | 0 | - | - |
| Xu Hongbo | Domestic nature person | 0.58% | 3,187,519 | 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 (Hong Kong) Co., Ltd. | 15,907,850 | Domestically listed foreign shares | 15,907,850 |
| Guosen Securities (Hong Kong) brokerage Co., Ltd. | 13,909,425 | Domestically listed foreign shares | 13,909,425 |
| Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. | 8,283,272 | Domestically listed foreign shares | 8,283,272 |
| Lhasa Xingqing Network Technology Co., Ltd. | 4,600,255 | RMB common shares | 4,600,255 |
| Wu Xiaoping | 4,070,300 | RMB common shares | 4,070,300 |
| Li Huili | 3,891,124 | Domestically listed foreign shares | 3,891,124 |
| LI SHERYN ZHAN MING | 3,480,187 | Domestically listed foreign shares | 3,480,187 |
| Ge Zhiqiong | 3,395,752 | RMB common shares | 691,300 |
| Domestically listed foreign shares | 2,704,452 | ||
| Xu Hongbo | 3,187,519 | Domestically listed foreign shares | 3,187,519 |
| 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 Event
I. 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 |
| Accounts receivable | 47,310,280.32 | 55,031,424.70 | -14.03% | Received payment for goods from client in the Period |
| Advance payment | 1,982,489.68 | 816,541.52 | 142.79% | The account paid in advance from subsidiary increased |
| Accounts payable | 2,617,855.74 | 9,606,144.94 | -72.75% | Payment for goods to suppliers in the Period |
| Operating income | 23,163,329.56 | 7,434,449.73 | 211.57% | Revenue from Jewelry & gold business increased |
| Operating cost | 20,752,454.71 | 7,138,011.11 | 190.73% | Costs from Jewelry & gold business increased |
| Management costs | 1,328,263.03 | 566,297.41 | 134.55% | Revenue growth was mainly led to cost increases |
| R&D expenses | 856,296.32 | 370,866.09 | 130.89% | R&D expenses from subsidiary Xinsen Company increased |
| Net cash flow from operating activities | 1,399,162.83 | 459,865.86 | 204.25% | Growth of the guarantee received |
| Net cash flow from financing activities | 0.00 | 3,250,000.00 | -100.00% | The capital increment of subsidiary last period |
II. Analysis and explanation of significant events and their influence and solutions
√Applicable □Not applicable
1. Planning of the Non-public Offering shares
On December 30, 2020, the company held the third extraordinary general meeting of shareholders in 2020, and reviewed andapproved the new plan for non-public issuance of A shares, intending to raise funds from Wansheng Industrial Company throughnon-public issuance of shares not exceeding 293.6 million yuan, which would be used to supplement working capital after deductingissuance costs, this issuance would lead to changes in the company's right of control. On 12 March 2021, the Company received anApplication Acceptance from CSRC (Acceptance No.:210576) issued by China Securities Regulatory Commission(hereinafterreferred to as CSRC). The CSRC reviewed the application materials submitted by the Company for the administrative license of“Approval of Non-public Offering of Shares by Listed Company (Main Board of A-share and Small & Medium-sized Board,B-share)” in accordance with the laws, and considered that all the application materials were completed and in compliance with thestatutory form, decided to accept the application for the administrative license. The “Notice on First Feedback for AdministrativeLicensing of CSRC” (No.: 210576) was received by the Company dated 23 March 2021 issued from CSRC. Currently, the Company
and intermediaries have completed the response work on 21 April 2021, and follow-up works are in progress. The non-publicoffering of shares is subject to the approval by CSRC and there is uncertainty as to whether it will be approved and when it willfinally be approved. The Company will perform the obligation of information disclosure in a timely manner in strictly accordancewith the provisions and requirement of relevant laws and regulations according to the review progress of the CSRC on the application.Majority of the investors are urged to invest rationally and pay attention to the investment risks.
2. Application for and recognition as the national high-tech enterprise
On the basis of the works from 2017 to 2019, the Company completed the preparations for applying for national high-tech enterprisesin 2020 and submits the application materials officially. In January 2021, the Company received the “High-tech EnterpriseCertificate” (Certificate No.: GR202044200651, Date of issue 2020 December 11, valid for three years) jointly issued by ShenzhenScience & Technology Innovation Committee, Shenzhen Municipal Finance Bureau and Shenzhen Tax Service, State TaxationAdministration. In accordance with the Law of the People’s Republic of China on Enterprise Income Tax and relevant regulations ofthe national preferential tax policy for the high-tech enterprises, the Company enjoys the relevant preferential tax policies forhigh-tech enterprises for three consecutive years (2020-2022) after passing the high-tech enterprise certification, that is pay corporateincome tax at a rate of 15% (tax rate is reduced from 25% to 15%).
| Overview | Date of disclosure | Query index of temporary Notice on website |
| Acceptance of Non-public Offering of Shares by CSRC | March 13, 2021 | Juchao website: （http://www.cninfo.com.cn）, Notice No.: 2021005 |
| Received the “Notice on First Feedback for Administrative Licensing of CSRC” | March 25, 2021 | Juchao website: （http://www.cninfo.com.cn）, Notice No.: 2021007 |
| Reply on the “Notice on First Feedback for Administrative Licensing of CSRC” | April 21, 2021 | Juchao website: （http://www.cninfo.com.cn）, Notice No.: 2021011 |
| Acquisition of the High-tech Enterprise Certification by the Company | January 30, 2021 | Juchao website: （http://www.cninfo.com.cn）, Notice No.: 2021002 |
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. Financial asset investment
1. Securities investment
□ Applicable √ Not applicable
No security investment in the Period.
2. Derivative investment
□ Applicable √ Not applicable
No derivative investment in the Period.V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of business performance from January – June 2021Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or thewarning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Trust financing
□ Applicable √ Not applicable
No trust financing in the Period.IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the period.X. 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.
XI. Registration form for receiving research, communication and interview in the reportperiod
√ Applicable □ Not applicable
| Time | Reception location | Way | Reception type | Object | Main content and information provided | Basic situation index of investigation |
| January 20, 2021 | The Company | Telephone communication | Individual | Individual investor | Consulting company restructuring progress | N/A |
| February 24, 2021 | The Company | Telephone communication | Individual | Individual investor | Consulting company’s non-public issuance of shares | N/A |
| March 22, 2021 | The Company | Telephone communication | Individual | Individual investor | Advisory company risk delisting warnings | N/A |
Section IV. Financial Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
March 31, 2021
In RMB
| Item | March 31, 2021 | March 31, 2020 |
| Current assets: | ||
| Monetary fund | 21,281,182.89 | 19,887,978.05 |
| Settlement provisions | ||
| Capital lent | ||
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | ||
| Account receivable | 47,310,280.32 | 55,031,424.70 |
| Receivable financing | ||
| Accounts paid in advance | 1,982,489.68 | 816,541.52 |
| Insurance receivable | ||
| Reinsurance receivables | ||
| Contract reserve of reinsurance receivable | ||
| Other account receivable | 579,573.59 | 576,770.36 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Buying back the sale of financial assets | ||
| Inventories | 6,416,162.78 | 7,729,325.94 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current asset due within one year | ||
| Other current assets | 3,430,844.40 | 2,715,425.31 |
| Total current assets | 81,000,533.66 | 86,757,465.88 |
| 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 | 3,703,684.90 | 3,792,133.36 |
| Construction in progress | ||
| Productive biological asset | ||
| Oil and gas asset | ||
| Right-of-use assets | ||
| Intangible assets | ||
| Expense on Research and Development | ||
| Goodwill | ||
| Long-term expenses to be apportioned | ||
| Deferred income tax asset | 793,170.75 | 793,170.75 |
| Other non-current asset | 700,000.00 | 400,000.00 |
| Total non-current asset | 5,196,855.65 | 4,985,304.11 |
| Total assets | 86,197,389.31 | 91,742,769.99 |
| Current liabilities: | ||
| Short-term loans | ||
| Loan from central bank | ||
| Capital borrowed | ||
| Trading financial liability | ||
| Derivative financial liability | ||
| Note payable | ||
| Account payable | 2,617,855.74 | 9,606,144.94 |
| Accounts received in advance | ||
| Contractual liability | 14,531,723.13 | 15,254,713.38 |
| Selling financial asset of repurchase | ||
| Absorbing deposit and interbank deposit | ||
| Security trading of agency | ||
| Security sales of agency | ||
| Wage payable | 848,056.19 | 1,459,244.07 |
| Taxes payable | 1,133,138.54 | 722,321.02 |
| Other account payable | 40,546,566.80 | 37,882,805.52 |
| 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 | 1,089,243.63 | 1,175,251.38 |
| Total current liabilities | 60,766,584.03 | 66,100,480.31 |
| 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 | 60,766,584.03 | 66,100,480.31 |
| Owner’s equity: | ||
| Share capital | 551,347,947.00 | 551,347,947.00 |
| Other equity instrument | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital public reserve | 627,834,297.85 | 627,834,297.85 |
| Less: Inventory shares | ||
| Other comprehensive income | ||
| Reasonable reserve | ||
| Surplus public reserve | 32,673,227.01 | 32,673,227.01 |
| Provision of general risk | ||
| Retained profit | -1,201,161,776.24 | -1,200,950,240.88 |
| Total owner’ s equity attributable to parent company | 10,693,695.62 | 10,905,230.98 |
| Minority interests | 14,737,109.66 | 14,737,058.70 |
| Total owner’ s equity | 25,430,805.28 | 25,642,289.68 |
| Total liabilities and owner’ s equity | 86,197,389.31 | 91,742,769.99 |
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 | March 31, 2021 | March 31, 2020 |
| Current assets: | ||
| Monetary funds | 13,006,940.69 | 10,097,024.59 |
| Trading financial assets | ||
| Derivative financial assets | ||
| Note receivable | ||
| Account receivable | 22,883,910.96 | 24,274,935.96 |
| Receivable financing | ||
| Accounts paid in advance | 2,000.00 | 800,000.00 |
| Other account receivable | 165,263.05 | 115,263.05 |
| Including: Interest receivable | ||
| Dividend receivable | ||
| Inventories | 559,190.54 | 550,421.78 |
| Contractual assets | ||
| Assets held for sale | ||
| Non-current assets maturing within one year | ||
| Other current assets | 2,723,617.95 | 2,652,771.13 |
| Total current assets | 39,340,923.19 | 38,490,416.51 |
| Non-current assets: | ||
| Debt investment | ||
| Other debt investment | ||
| Long-term receivables | ||
| Long-term equity investments | 19,960,379.73 | 19,960,379.73 |
| Investment in other equity instrument | ||
| Other non-current financial assets | ||
| Investment real estate | ||
| Fixed assets | 3,467,111.22 | 3,530,501.40 |
| Construction in progress | ||
| Productive biological assets | ||
| Oil and natural gas assets | ||
| Right-of-use assets | ||
| Intangible assets | ||
| Research and development costs | ||
| Goodwill | ||
| Long-term deferred expenses | ||
| Deferred income tax assets | ||
| Other non-current assets | 700,000.00 | 400,000.00 |
| Total non-current assets | 24,127,490.95 | 23,890,881.13 |
| Total assets | 63,468,414.14 | 62,381,297.64 |
| Current liabilities | ||
| Short-term borrowings |
| Trading financial liability | ||
| Derivative financial liability | ||
| Notes payable | ||
| Account payable | 104,793.58 | 748,604.24 |
| Accounts received in advance | ||
| Contractual liability | 14,445,423.04 | 14,685,423.04 |
| Wage payable | 609,824.68 | 1,146,371.58 |
| Taxes payable | 12,694.69 | 24,906.50 |
| Other accounts payable | 42,142,861.82 | 39,409,824.37 |
| Including: Interest payable | ||
| Dividend payable | ||
| Liability held for sale | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | 1,089,243.63 | 1,101,243.63 |
| Total current liabilities | 58,404,841.44 | 57,116,373.36 |
| 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 | 58,404,841.44 | 57,116,373.36 |
| 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 | -1,206,791,899.16 | -1,206,590,547.58 |
| Total owner’s equity | 5,063,572.70 | 5,264,924.28 |
| Total liabilities and owner’s equity | 63,468,414.14 | 62,381,297.64 |
3. Consolidated Profit Statement
In RMB
| Item | Current period | Last period |
| I. Total operating income | 23,163,329.56 | 7,434,449.73 |
| Including: Operating income | 23,163,329.56 | 7,434,449.73 |
| Interest income | ||
| Insurance gained | ||
| Commission charge and commission income | ||
| II. Total operating cost | 23,368,934.41 | 8,330,675.93 |
| Including: Operating cost | 20,752,454.71 | 7,138,011.11 |
| 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 | 30,648.14 | 4,613.22 |
| Sales expense | 425,618.74 | 256,390.20 |
| Administrative expense | 1,328,263.03 | 566,297.41 |
| R&D expense | 856,296.32 | 370,866.09 |
| Financial expense | -24,346.53 | -5,502.10 |
| Including: Interest expenses | ||
| Interest income | 35,896.85 | 12,272.75 |
| Add: other income | 2,516.00 | 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 “-”) | 468.00 | -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 “-”) | -202,620.85 | -895,929.37 |
| Add: Non-operating income | 165,570.00 | |
| Less: Non-operating expense | 2,676.80 | |
| IV. Total profit (Loss is listed with “-”) | -202,620.85 | -733,036.17 |
| Less: Income tax expense | 8,863.55 | |
| V. Net profit (Net loss is listed with “-”) | -211,484.40 | -733,036.17 |
| (i) Classify by business continuity | ||
| 1.continuous operating net profit (net loss listed with ‘-”) | -211,484.40 | -733,036.17 |
| 2.termination of net profit (net loss listed with ‘-”) | ||
| (ii) Classify by ownership | ||
| 1.Net profit attributable to owner’s of parent company | -211,535.36 | -591,902.33 |
| 2.Minority shareholders’ gains and losses | 50.96 | -141,133.84 |
| 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 | -211,484.40 | -733,036.17 |
| Total comprehensive income attributable to owners of parent Company | -211,535.36 | -591,902.33 |
| Total comprehensive income attributable to minority shareholders | 50.96 | -141,133.84 |
| VIII. Earnings per share: | ||
| (i) Basic earnings per share | -0.0004 | -0.0011 |
| (ii) Diluted earnings per share | -0.0004 | -0.0011 |
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 HaiPerson in charge of accounting works: Sun LonglongPerson in charge of accounting institute: Zhong Xiaojin
4. Profit Statement of Parent Company
In RMB
| Item | Current period | Last period |
| I. Operating income | 4,550,349.53 | 2,946,875.03 |
| Less: Operating cost | 3,639,149.53 | 2,554,922.61 |
| Taxes and surcharge | 3,144.60 | 1,832.20 |
| Sales expenses | 154,250.20 | 105,145.80 |
| Administration expenses | 637,813.27 | 306,431.73 |
| R&D expenses | 346,931.19 | 370,866.09 |
| Financial expenses | -27,085.77 | -282.48 |
| Including: interest expenses | ||
| Interest income | 32,653.77 | 2,982.02 |
| Add: other income | 2,501.91 | 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 “-”) | -201,351.58 | -385,952.85 |
| Add: Non-operating income | 65,570.00 | |
| Less: Non-operating expense | ||
| III. Total Profit (Loss is listed with “-”) | -201,351.58 | -320,382.85 |
| Less: Income tax | ||
| IV. Net profit (Net loss is listed with “-”) | -201,351.58 | -320,382.85 |
| (i)continuous operating net profit (net loss listed with ‘-”) | -201,351.58 | -320,382.85 |
| (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 | -201,351.58 | -320,382.85 |
| VII. Earnings per share: | ||
| (i) Basic earnings per share | ||
| (ii) Diluted earnings per share |
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 | 31,191,247.05 | 5,190,850.17 |
| 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 | 2,652.02 | 6,453.35 |
| Other cash received concerning operating activities | 7,188,346.22 | 5,623,782.06 |
| Subtotal of cash inflow arising from operating activities | 38,382,245.29 | 10,821,085.58 |
| Cash paid for purchasing commodities and receiving labor service | 28,648,220.66 | 6,267,803.24 |
| 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 | 2,644,266.76 | 1,456,506.88 |
| Taxes paid | 335,366.77 | 94,267.49 |
| Other cash paid concerning operating activities | 5,355,228.27 | 2,542,642.11 |
| Subtotal of cash outflow arising from operating activities | 36,983,082.46 | 10,361,219.72 |
| Net cash flows arising from operating activities | 1,399,162.83 | 459,865.86 |
| 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 | 5,957.99 | |
| Cash paid for investment | ||
| Net increase of mortgaged loans | ||
| Net cash received from subsidiaries and other units obtained | ||
| Other cash paid concerning investing activities | ||
| Subtotal of cash outflow from investing activities | 5,957.99 | |
| Net cash flows arising from investing activities | -5,957.99 |
| 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 | ||
| Subtotal of cash outflow from financing activities | ||
| Net cash flows arising from financing activities | 3,250,000.00 | |
| IV. Influence on cash and cash equivalents due to fluctuation in exchange rate | ||
| V. Net increase of cash and cash equivalents | 1,393,204.84 | 3,709,865.86 |
| Add: Balance of cash and cash equivalents at the period -begin | 19,887,978.05 | 6,074,367.91 |
| VI. Balance of cash and cash equivalents at the period -end | 21,281,182.89 | 9,784,233.77 |
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 | 4,970,937.00 | 1,276,508.00 |
| Write-back of tax received | 2,652.02 | 6,453.35 |
| Other cash received concerning operating activities | 7,203,475.76 | 6,183,396.37 |
| Subtotal of cash inflow arising from operating activities | 12,177,064.78 | 7,466,357.72 |
| Cash paid for purchasing commodities and receiving labor service | 2,634,458.80 | 382,049.53 |
| Cash paid to/for staff and workers | 1,894,992.00 | 1,191,658.28 |
| Taxes paid | 58,250.95 | 74,306.27 |
| Other cash paid concerning operating activities | 4,673,488.94 | 2,153,942.98 |
| Subtotal of cash outflow arising from operating activities | 9,261,190.69 | 3,801,957.06 |
| Net cash flows arising from operating activities | 2,915,874.09 | 3,664,400.66 |
| 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 | 5,957.99 | |
| 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 | 5,957.99 | 3,250,000.00 |
| Net cash flows arising from investing activities | -5,957.99 | -3,250,000.00 |
| 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 | 2,909,916.10 | 414,400.66 |
| Add: Balance of cash and cash equivalents at the period -begin | 10,097,024.59 | 1,959,804.92 |
| VI. Balance of cash and cash equivalents at the period -end | 13,006,940.69 | 2,374,205.58 |
II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new leasingrules from 2021
□Applicable √Not applicable
2. Retrospective adjustment of the comparative data for initial new leasing rules from 2021
□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 2021