Shenzhen China Bicycle Company (Holdings) Limited THE THIRD QUARTERLY REPORT FOR 2014
October 2014
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 hereby confirm that there are no any fictitious statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents.
All directors of the Company are attended the Meeting for quarterly report deliberation.
Principal of the Company Luo Guiyou, Person in Charge of Accounting Works Li Hai and Person in Charge of Accounting Organ (Accounting Officer) Sun Longlong hereby confirm that the Financial Report of the Third Quarterly Report is authentic, accurate and complete.
Section II. Main accounting data and changes of shareholders I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not
□Yes√ No
||||||||
|-|-|-|-|-|-|-|
||Current period-end||Period-end of last year||Increase/decrease||
|Total assets(RMB)|72,156,738.05||151,511,429.85||-52.38%||
|Net assets attributable to|10,405,755.57||7,003,335.40||||
|shareholders of listed company|||||48.58%||
|(RMB)|||||||
|||||||Increase/decrease in|
|||Increase/decrease in|||||
|||||Year-begin to end of||comparison with|
||Current period|comparison with same|||||
|||||the Period||year-begin to|
|||period of last year|||||
|||||||Period-end of last year|
|Operating revenue (RMB)|76,284,807.38|-19.97%||161,951,441.78||-19.12%|
|Net profit attributable to|1,513,462.59|||3,388,112.05|||
|shareholders of the listed company||-34.78%||||-112.57%|
|(RMB)|||||||
|Net profit attributable to|||||||
|shareholders of the listed company|||||||
||-1,232,807.99|-153.00%||-3,926,872.81||-186.82%|
|after deducting non-recurring|||||||
|gains and losses(RMB)|||||||
|Net cash flow arising from||||3,195,660.61|||
||--|--||||-126.07%|
|operating activities(RMB)|||||||
|Basic earnings per share|0.0027|||0.0061|||
|||-35.71%||||-112.47%|
|(RMB/Share)|||||||
|Diluted earnings per share|0.0027|||0.0061|||
|||-35.71%||||-112.47%|
|(RMB/Share)|||||||
|Weighted average ROE|15.70%|15.83%||38.92%||37.36%|

 Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
||||
|-|-|-|
||Amount from year-begin toend of the Period||
|Item||Note|
|Gains/losses from the disposal of non-current asset (including the|33,851.46||

||||
|-|-|-|
|write-off that accrued for impairment of assets)|||
|||Mainly refers to the reserved|
|Other non-operating income and expenditure except for the||operation fund of turnaround plan|
||7,923,385.19||
|aforementioned items||for year of 2014 appropriate by|
|||administrator|
|Less: impact on income tax|609,134.38||
|Impact on minority shareholders’ equity (post-tax)|33,117.41||
|Total|7,314,984.86|--|

Concerning the extraordinary profit (gain)/loss defined byQ&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 inQ&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 inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss.
II. Statement of the total shareholders and shares-held of top ten shareholders at end of the Period
1. Statement of the total common shareholders and shares-held of top ten common shareholders at end of the Period
In share
||||||||
|-|-|-|-|-|-|-|
|Total common shareholders in|||||||
|||33,549|||||
|reporting period-end|||||||
|Shares-held of top ten common shareholders|||||||
|||||Amount of|Number of share pledged/frozen||
||Nature of|Proportion of|Amount of shares||||
|Shareholders||||restricted shares|||
||shareholder|shares held|held||State of share|Amount|
|||||held|||
|ShenzhenGuosheng EnergyInvestmentDevelopment Co.,Ltd.|Domesticnon-State-ownedlegal person|11.52%|63,508,747|0|||
|||||||0|
|ZhuorunTechnology Co.,Ltd.|Foreign legalperson|4.90%|27,000,000|0|||
|||||||0|
|Specific account ofpropertydisposition for|Domesticnon-State-ownedlegal person|1.63%|9,001,018|0|||
|||||||0|

||||||||
|-|-|-|-|-|-|-|
|bankruptcyenterprise of CBC|||||||
|Zeng Ying|Domestic natureperson|1.15%|6,342,717|0|||
|||||||0|
|COREPACIFIC-YAMAICHIINTERNATIONAL (H.K.) LIMITED|Foreign legalperson|0.99%|5,437,713|0|||
|||||||0|
|JingchaoInvestment Co.,Ltd.|Foreign legalperson|0.84%|4,601,789|0|||
|||||||0|
|Li Dongxuan|Domestic natureperson|0.71%|3,896,799|0|||
|||||||0|
|Li Huili|Domestic natureperson|0.71%|3,891,124|0|||
|||||||0|
|Xu Hongbo|Domestic natureperson|0.57%|3,137,419|0|||
|||||||0|
|Liuzhou Jiali RealEstateDevelopment Co.,Ltd.|Domesticnon-State-ownedlegal person|0.39%|2,147,400|0|||
|||||||0|
|Particular about top ten common shareholders with un-restrict shares held|||||||
||||||Type of shares||
|Shareholders||Amount of un-restrict common shares held|||||
||||||Type|Amount|
|Shenzhen Guosheng EnergyInvestment Development Co., Ltd.||63,508,747|||RMB ordinary||
|||||||63,508,747|
||||||shares||
|Zhuorun Technology Co., Ltd.||27,000,000|||RMB ordinary||
|||||||27,000,000|
||||||shares||
|Specific account of propertydisposition for bankruptcy enterpriseof CBC||9,001,018|||RMB ordinary||
|||||||5,011,444|
||||||shares||
||||||Domestically||
||||||listed foreign|3,989,574|
||||||shares||
|Zeng Ying||6,342,717|||Domestically||
||||||listed foreign|6,342,717|
||||||shares||
|CORE PACIFIC-YAMAICHIINTERNATIONAL (H.K.) LIMITED||5,437,713|||Domestically||
|||||||5,437,713|
||||||listed foreign||

|||||
|-|-|-|-|
|||shares||
|Jingchao Investment Co., Ltd.|4,601,789|RMB ordinary||
||||4,601,789|
|||shares||
|Li Dongxuan|3,896,799|RMB ordinary||
||||3,896,799|
|||shares||
|Li Huili|3,891,124|Domestically||
|||listed foreign|3,891,124|
|||shares||
|Xu Hongbo|3,137,419|Domestically||
|||listed foreign|3,137,419|
|||shares||
|Liuzhou Jiali Real EstateDevelopment Co., Ltd.|2,147,400|RMB ordinary||
||||2,147,400|
|||shares||
||Li Huili, the spouse of actual controller Ji Hanfei, holding B-share of the Company on|||
|Explanation on associated|behalf of Shenzhen Guosheng Energy Investment Development Co., Ltd., beyond that, the|||
|relationship among the aforesaid|Company has no idea of whether other circulated shareholders belong to concerted action|||
|shareholders|persons ruled in the Administration Norms for Information Disclosure of Change on|||
||Shareholding of Shareholders of Listed Companies.|||
|Explanation on shareholders||||
|involving margin business about top||||
||N/A|||
|ten common shareholders with||||
|un-restrict shares held (if applicable)||||

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period
□ Yes√ No
The 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 of shareholders with preferred stock held and the top ten shareholdings in Period-end
□Applicable √Not applicable
Section III. Important events
I. Particular about major changes from items of main accounting statements and financial indexes as well as reasons
√ Applicable□Not applicable
Unit: RMB
||||||
|-|-|-|-|-|
|Items of balance|2014-9-30|2013-12-31|+,- (%)|Reasons|
|Account paid inadvance|3,230,337.99|177,636.49|1,718.51%|Increase of account paid in advance resulted bygoods preparation for peak season from subsidiaryEMMELLE|
|Other receivables|568,389.93|107,395,429.69|-99.47%|Enterprise income tax etc. for last year appropriateby administrator was received in the Year|
|Inventory|24,508,337.34|4,545,116.43|439.22%|Subsidiary EMMELLE prepare goods for the peakseason|
|Fixed assets|573,307.35|227,824.37|151.64%|Purchasing new transportation fixed assets|
|Account payables|23,426,459.49|9,935,720.73|135.78%|Increase of account payables resulted by goodspreparation for peak season from subsidiaryEMMELLE|
|Account receivedin advance|7,548,771.94|3,627,323.31|108.11%|Account received in advance from subsidiaryEMMELLE for peak season|
|Taxes payable|1,729,923.83|93,778,253.57|-98.16%|Enterprise income tax of last year was paid in theYear|
|Items of profit|January toSeptember 2014|January to September2013|+,- (%)|Reasons|
|Managementexpense|8,232,826.01|41,824,619.27|-80.32%|The economic compensation was paid last year dueto the reforming|
|Non-operationrevenue|7,980,988.65|75,884.58|10,417.27%|Mainly refers to the reserved operation fund ofturnaround plan for year of 2014 appropriate byadministrator|
|Items of cash flow|January toSeptember 2014|January to September2013|+,- (%)|Reasons|
|Cash receivedrelating to otheroperatingactivities|114,436,167.03|26,816,469.18|326.74%|Enterprise income tax for last year appropriate byadministrator was received in the Year|
|Cash paid to/forstaff and workers|7,554,518.21|38,361,775.00|-80.31%|The economic compensation was paid last year dueto the reforming|
|Taxes paid|95,009,998.10|4,092,057.23|2,221.81%|Enterprise income tax of last year was paid in the|

||||||
|-|-|-|-|-|
|||||Year|
|Net cash flowarising frominvestmentactivities|-364,088.02|1,863,570.94|-119.54%|Purchasing new fixed assets in the Year while therehas a fixed assets disposal at same period of last year|

II. Progress of significant events, their influences, and analysis and explanation of their solutions
√ Applicable□Not applicable
1. Explanation on lastyear’s “Qualified Opinion”
On 11 May 2012, the largest shareholder and biggest creditor of the Company, Shenzhen Guosheng Energy Investment and Development Co., Ltd. applied to Shenzhen Municipal Intermediate People's Court for reforming the Company as the Companycouldn’t pay off the matured debts and was seriously insolvent. On 12th, Oct., 2012, Shenzhen Municipal Intermediate People's Court ruled to accept the application proposed by Guosheng Energy according to (2012) Shenzhen Intermediate Court Po Zi No. 30 civil ruling. In late October, 2012, Shenzhen Municipal Intermediate People's Court ruled to reform the Company since 25th, Oct., 2012 according to (2012) Shenzhen Intermediate Court Po Zi No. 30-1 civil ruling, appointed King& Wood (Shenzhen) Mallesons and Shenzhen Zhengyuan Liquidation Affairs Co., Ltd. as the custodians of the Company. At the same time, Shenzhen Municipal Intermediate People's Court made (2012) Shenzhen Intermediate Court Po Zi No. 30-1 written decision, and approved the Company to manage property and business affairs by itself under the supervision of custodians according to the law. On 5 November 2013, the Shenzhen IntermediatePeople’s Court (2012) Shen Zhong Fa Po Zi No. 30-6 Civil Ruling Paper judged that approved the reorganization plan of the Company. On 27 December 2013, the Civil Ruling Paper Shenzhen IntermediatePeople’s Court (2012) Shen Zhong Fa Po Zi No. 30-10 ruled that the reorganization plan of CBC was completed and bankruptcy procedures of CBC closed down.
The Company has solved the debt problem by reforming, realized the net assets with positive value, the main business of bicycle is able to be maintained and realizes the stable development. The Company has set up the conditions for introducing the recombination party in the reforming plan, and expects to restore the abilities of sustainable operation and sustained profitability by reorganization. The conditions of introducing the recombination party includes: the assessed value of net assets should be no less than 2 billion Yuan, the net assets in the same year for implementing the major reorganization should be no less than 200 million Yuan. The Companydoesn’t have the recombination party at the moment. The Company will continue to carry out vary related works actively and promote the reorganization work with all efforts.
2. Sales of stock odd lots
In order to solve the stock odd lots left over by history and in line with the requirement from CSRC, in the third quarter of 2014, the China Securities Depository and Clearing Co., Ltd. accepted the trust from the Company, the RMB 14308.12 earnings from sales of stock odd lots are returned to the Company and the amount was reckoned into capital reserved.
||||
|-|-|-|
|Overview|Disclosure date|Query index for interim notice|

 III. Commitments made by the Company or shareholders holding above5% shares of the Company in reporting period or made in previous period and extending to reporting period.□ Applicable√ Not applicable
The Company had no commitment made by the Company or shareholders holding above5% shares of the Company in reporting IV. Estimation of operation performance for year of 2014
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the
warning of its material change compared with the corresponding period of the last year and explanation of reason
□Applicable √Not applicable
V. Particular about security investment
□ Applicable√ Not applicable
The Company had no security investment in Period.
Explanation on equity of other listed company held
□ Applicable√ Not applicable
No security investment in Period.
VI. Particulars about derivatives investment
□ Applicable√ Not applicable
The Company had no derivatives investment in Period.
VII. Registration form of receiving research, communication and interview in the report period
√ Applicable□Not applicable
|||||||
|-|-|-|-|-|-|
||||||Content discussed and|
|Date|Place|Way|Type|Object||
||||||documents provided|
|From July to|The company|||Shareholder of|Progress of reorganization|
|||Telephone|Personal|||
|September 2014|office|||tradable shares|of the Company|

VIII. Impact on consolidated financial statement of the Company by new or revised
accounting standards
□Applicable√Not applicable
Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
||||
|-|-|-|
|Items|Balance at period-end|Balance at period-begin|
|Current assets:|||
|Monetary funds|29,665,744.18|26,834,171.59|
|Settlement provisions|||
|Capital lent|||
|Financial assets measured by fair|||
|value and whose change is recorded in|||
|current gains and losses|||
|Notes receivable|1,571,717.50||
|Accounts receivable|7,332,653.76|7,060,251.28|
|Accounts paid in advance|3,230,337.99|177,636.49|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance|||
|receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other receivables|568,389.93|107,395,429.69|
|Purchase restituted finance asset|||
|Inventories|24,508,337.34|4,545,116.43|
|Divided into assets held ready for|||
|sales|||
|Non-current asset due within one|||
|year|||
|Other current assets|||
|Total current assets|66,877,180.70|146,012,605.48|
|Non-current assets:|||
|Granted loans and advances|||

||||
|-|-|-|
|Finance asset available for sales|||
|Held-to-maturity investment|||
|Long-term account receivable|||
|Long-term equity investment|||
|Investment property|||
|Fixed assets|573,307.35|227,824.37|
|Construction in progress|||
|Engineering material|||
|Disposal of fixed asset|||
|Productive biological asset|||
|Oil and gas asset|||
|Intangible assets|4,706,250.00|5,271,000.00|
|Expense on Research and|||
|Development|||
|Goodwill|||
|Long-term expenses to be|||
|apportioned|||
|Deferred income tax asset|||
|Other non-current asset|||
|Total non-current asset|5,279,557.35|5,498,824.37|
|Total assets|72,156,738.05|151,511,429.85|
|Current liabilities:|||
|Short-term loans|||
|Loan from central bank|||
|Absorbing deposit and interbank|||
|deposit|||
|Capital borrowed|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Notes payable|||
|Accounts payable|23,426,459.49|9,935,720.73|
|Accounts received in advance|7,548,771.94|3,627,323.31|
|Selling financial asset of|||
|repurchase|||
|Commission charge and|||
|commission payable|||

||||
|-|-|-|
|Wage payable|1,904,552.63|1,516,624.17|
|Taxes payable|1,729,923.83|93,778,253.57|
|Interest payable|||
|Dividend payable|||
|Other accounts payable|25,729,650.96|34,954,734.89|
|Reinsurance payables|||
|Insurance contract reserve|||
|Security trading of agency|||
|Security sales of agency|||
|Divided into liability held ready|||
|for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|60,339,358.85|143,812,656.67|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||
|Long-term account payable|||
|Special accounts payable|||
|Projected liabilities|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|60,339,358.85|143,812,656.67|
|Owner’s equity (or shareholders’|||
|equity):|||
|Paid-in capital (or share capital)|551,347,947.00|551,347,947.00|
|Capital public reserve|627,834,218.24|627,819,910.12|
|Less: Inventory shares|||
|Reasonable reserve|||
|Other comprehensive income|||
|Surplus public reserve|32,673,227.01|32,673,227.01|
|Provision of general risk|||
|Retained profit|-1,201,449,636.68|-1,204,837,748.73|

||||
|-|-|-|
|Balance difference of foreign|||
|currency translation|||
|Total owner’s equity attributable to|10,405,755.57|7,003,335.40|
|parent company|||
|Minority interests|1,411,623.63|695,437.78|
|Total owner’s equity(or shareholders’|11,817,379.20|7,698,773.18|
|equity)|||
|Total liabilities and owner’s equity(or|72,156,738.05|151,511,429.85|
|shareholders’ equity)|||

Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
2. Balance Sheet of parent company
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
||||
|-|-|-|
|Item|Balance at period-end|Balance at period-begin|
|Current assets:|||
|Monetary funds|1,449,145.25|1,080,836.82|
|Financial assets measured by fair|||
|value and whose change is recorded in|||
|current gains and losses|||
|Notes receivable|||
|Accounts receivable|400,116.00|245,382.00|
|Accounts paid in advance|70,350.00||
|Interest receivable|||
|Dividend receivable|||
|Other receivables|16,347,262.04|116,990,372.76|
|Inventories|||
|Divided into assets held ready for|||
|sales|||
|Non-current asset due within one year|||
|Other current assets|||
|Total current assets|18,266,873.29|118,316,591.58|
|Non-current assets:|||
|Finance asset available for sales|||
|Held-to-maturity investment|||
|Long-term account receivable|||
|Long-term equity investment|10,379.73|10,379.73|
|Investment real estate|||

||||
|-|-|-|
|Fixed assets|416,022.95|109,020.00|
|Construction in progress|||
|Engineering material|||
|Disposal of fixed asset|||
|Productive biological asset|||
|Oil and gas asset|||
|Intangible assets|4,706,250.00|5,271,000.00|
|Expense on Research and Development|||
|Goodwill|||
|Long-term expenses to be apportioned|||
|Deferred income tax asset|||
|Other non-current asset|||
|Total non-current asset|5,132,652.68|5,390,399.73|
|Total assets|23,399,525.97|123,706,991.31|
|Current liabilities:|||
|Short-term loans|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Notes payable|||
|Accounts payable|||
|Accounts received in advance|||
|Wage payable|200,855.27|6,847.09|
|Taxes payable|154,396.11|92,205,392.56|
|Interest payable|||
|Dividend payable|||
|Other accounts payable|15,921,927.75|26,103,724.68|
|Divided into liability held ready|||
|for sale|||
|Non-current liabilities due within 1 year|||
|Other current liabilities|||
|Total current liabilities|16,277,179.13|118,315,964.33|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||

||||
|-|-|-|
|Long-term account payable|||
|Special accounts payable|||
|Projected liabilities|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|16,277,179.13|118,315,964.33|
|Owner’s equity (or shareholders’|||
|equity):|||
|Paid-up capital (or share capital)|551,347,947.00|551,347,947.00|
|Capital public reserve|627,834,218.24|627,819,910.12|
|Less: Inventory shares|||
|Reasonable reserve|||
|Other comprehensive income|||
|Surplus public reserve|32,673,227.01|32,673,227.01|
|General risk reserve|||
|Retained profit|-1,204,733,045.41|-1,206,450,057.15|
|Balance difference of foreign currency|||
|translation|||
|Total owner’s equity(or shareholders’|7,122,346.84|5,391,026.98|
|equity)|||
|Total liabilities and owner’s equity(or|23,399,525.97|123,706,991.31|
|shareholders’ equity)|||

Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
3. Consolidated Profit Statement (this report period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
||||
|-|-|-|
|Item|Amount in this period|Amount in last period|
|I. Total operating income|76,284,807.38|95,324,387.74|
|Including: Operating income|76,284,807.38|95,324,387.74|
|Interest income|||
|Insurance gained|||
|Commission charge and commission|||
|income|||
|II. Total operating cost|77,003,467.33|92,996,918.14|
|Including: Operating cost|70,033,488.38|85,512,374.52|
|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|||
|Operating tax and extras|148,363.52|133,526.22|
|Sales expenses|3,683,959.98|4,124,047.54|
|Administration expenses|3,155,455.97|3,314,887.59|
|Financial expenses|-17,800.52|-87,917.73|
|Losses of devaluation of asset|||
|Add: Changing income of fair|||
|value(Loss is listed with “-”)|||
|Investment income (Loss is listed with|||
|“-”)|||
|Including: Investment income on|||
|affiliated company and joint venture|||
|Exchange income (Loss is listed with|||
|“-”)|||
|III. Operating profit (Loss is listed|-718,659.95|2,327,469.60|
|with “-”)|||
|Add: Non-operating income|3,078,630.28|9,539.58|
|Less: Non-operating expense|698.00|14,901.00|
|Including: Disposal loss of non-current|||
|asset|||
|IV. Total Profit (Loss is listed with|2,359,272.33|2,322,108.18|
|“-”)|||
|Less: Income tax expense|616,041.31||
|V. Net profit (Net loss is listed with “-”)|1,743,231.02|2,322,108.18|
|Including: net profit realized before|||
|consolidation by mergered party|||
|Net profit attributable to owner’s of|1,513,462.59|2,320,605.55|
|parent company|||
|Minority shareholders’ gains and losses|229,768.43|1,502.63|
|VI. Earnings per share|--|--|
|i. Basic earnings per share|0.0027|0.0042|
|ii. Diluted earnings per share|0.0027|0.0042|
|VII. Other consolidated income|||
|Inc: Other comprehensive items un-able|||
|to re-classify as gains/losses in later|||
|accounting period|||

||||
|-|-|-|
|Other comprehensive items able|||
|to re-classify as gains/losses in later|||
|accounting period while regulated|||
|conditions are satisfy|||
|VIII. Total comprehensive income|1,743,231.02|2,322,108.18|
|Total consolidated income attributable|1,513,462.59|2,320,605.55|
|to owners of parent company|||
|Total consolidated income attributable|229,768.43|1,502.63|
|to minority shareholders|||

Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
4. Profit Statement of parent company (this report period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
||||
|-|-|-|
|Items|||
||Amount in this period|Amount in last period|
|I. Operating income|1,919,458.42|8,226,469.12|
||818,991.53|2,904,157.06|
|Less: operating cost|||
|Operating tax and extras|102,065.06||
||0.00||
|Sales expenses|||
||2,760,401.20|3,079,917.70|
|Administration expenses|||
||-66.99|-25,848.68|
|Financial expenses|||
|Losses of devaluation of asset|||
|Add: Changing income of fair|||
|value(Loss is listed with “-”)|||
|Investment income (Loss is listed with|||
|“-”)|||
|Including: Investment income on|||
|affiliated company and joint venture|||
|II. Operating profit (Loss is listed|-1,761,932.38|2,268,243.04|
|with “-”)|||
||3,065,293.24|9,539.58|
|Add: Non-operating income|||
||698.00|14,901.00|
|Less: Non-operating expense|||
|Including: Disposal loss of non-current|||
|asset|||
|III. Total Profit (Loss is listed with|1,302,662.86|2,262,881.62|
|“-”)|||
||325,326.61||
|Less: Income tax expense|||
|IV. Net profit (Net loss is listed with|977,336.25|2,262,881.62|
|“-”)|||
||--|--|
|V. Earnings per share|||
||0.0018|0.0041|
|i. Basic earnings per share|||
||0.0018|0.0041|
|ii. Diluted earnings per share|||
|VI. Other consolidated income|||
|Inc: Other comprehensive items un-able|||

||||
|-|-|-|
|to re-classify as gains/losses in later|||
|accounting period|||
|Other comprehensive items|||
|able to re-classify as gains/losses in|||
|later accounting period while regulated|||
|conditions are satisfy|||
|VII. Total comprehensive income|977,336.25|2,262,881.62|

 Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
5. Consolidated profit statement (year-begin to end of this period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
||||
|-|-|-|
|Item|Amount in this period|Amount in last period|
|I. Total operating income|161,951,441.78|200,227,908.32|
|Including: Operating income|161,951,441.78|200,227,908.32|
|Interest income|||
|Insurance gained|||
|Commission charge and commission|||
|income|||
|II. Total operating cost|164,398,652.97|227,222,480.88|
|Including: Operating cost|150,360,289.00|177,651,548.02|
|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|||
|Operating tax and extras|394,294.96|319,465.81|
|Sales expenses|5,540,562.80|7,713,416.78|
|Administration expenses|8,232,826.01|41,824,619.27|
|Financial expenses|-116,074.94|-286,569.00|
|Losses of devaluation of asset|-13,244.86||
|Add: Changing income of fair|||
|value(Loss is listed with “-”)|||
|Investment income (Loss is listed with|||

||||
|-|-|-|
|“-”)|||
|Including: Investment income on|||
|affiliated company and joint venture|||
|Exchange income (Loss is listed with|||
|“-”)|||
|III. Operating profit (Loss is listed|-2,447,211.19|-26,994,572.56|
|with “-”)|||
|Add: Non-operating income|7,980,988.65|75,884.58|
|Less: Non-operating expense|23,752.00|40,191.00|
|Including: Disposal loss of non-current|||
|asset|||
|IV. Total Profit (Loss is listed with|5,510,025.46|-26,958,878.98|
|“-”)|||
|Less: Income tax expense|1,405,727.56||
|V. Net profit (Net loss is listed with “-”)|4,104,297.90|-26,958,878.98|
|Including: net profit realized before|||
|consolidation by mergered party|||
|Net profit attributable to owner’s of|3,388,112.05|-26,963,002.65|
|parent company|||
|Minority shareholders’ gains and losses|716,185.85|4,123.67|
|VI. Earnings per share|--|--|
|i. Basic earnings per share|0.0061|-0.0489|
|ii. Diluted earnings per share|0.0061|-0.0489|
|VII. Other consolidated income|||
|Inc: Other comprehensive items un-able|||
|to re-classify as gains/losses in later|||
|accounting period|||
|Other comprehensive items|||
|able to re-classify as gains/losses in|||
|later accounting period while regulated|||
|conditions are satisfy|||
|VIII. Total comprehensive income|4,104,297.90|-26,958,878.98|
|Total consolidated income attributable|3,388,112.05|-26,963,002.65|
|to owners of parent company|||
|Total consolidated income attributable|716,185.85|4,123.67|
|to minority shareholders|||

Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
6. Profit Statement of parent company (year-begin to end of this period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
||||
|-|-|-|
|Items|||
||Amount in this period|Amount in last period|

||||
|-|-|-|
||5,623,224.52|21,755,989.00|
|I. Operating income|||
||3,355,023.84|7,466,759.52|
|Less: operating cost|||
|Operating tax and extras|294,261.71||
||0.00||
|Sales expenses|||
||7,492,215.81|41,030,134.36|
|Administration expenses|||
||1,065.91|-128,508.10|
|Financial expenses|||
||1,356.41||
|Losses of devaluation of asset|||
|Add: Changing income of fair|||
|value(Loss is listed with “-”)|||
|Investment income (Loss is listed with|||
|“-”)|||
|Including: Investment income on|||
|affiliated company and joint venture|||
|II. Operating profit (Loss is listed|-5,520,699.16|-26,612,396.78|
|with “-”)|||
||7,827,920.15|10,784.58|
|Add: Non-operating income|||
||17,872.00|40,191.00|
|Less: Non-operating expense|||
|Including: Disposal loss of non-current|0.00|0.00|
|asset|||
|III. Total Profit (Loss is listed with|2,289,348.99|-26,641,803.20|
|“-”)|||
||572,337.25||
|Less: Income tax expense|||
|IV. Net profit (Net loss is listed with|1,717,011.74|-26,641,803.20|
|“-”)|||
||--|--|
|V. Earnings per share|||
||0.0031|-0.0483|
|i. Basic earnings per share|||
||0.0031|-0.0483|
|ii. Diluted earnings per share|||
|VI. Other consolidated income|||
|Inc: Other comprehensive items un-able|||
|to re-classify as gains/losses in later|||
|accounting period|||
|Other comprehensive items|||
|able to re-classify as gains/losses in|||
|later accounting period while regulated|||
|conditions are satisfy|||
|VII. Total comprehensive income|1,717,011.74|-26,641,803.20|

 Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
7. Consolidated Cash Flow Statement (year-begin to end of this period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
||||
|-|-|-|
|Item|||
||Amount in this period|Amount in last period|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling commodities|81,044,841.72|114,341,105.96|
|and providing labor services|||
|Net increase of customer deposit and|||
|interbank deposit|||
|Net increase of loan from central bank|||
|Net increase of capital borrowed from|||
|other financial institution|||
|Cash received from original insurance|||
|contract fee|||
|Net cash received from reinsurance|||
|business|||
|Net increase of insured savings and|||
|investment|||
|Net increase of disposal of transaction|||
|financial asset|||
|Cash received from interest,|||
|commission charge and commission|||
|Net increase of capital borrowed|||
|Net increase of returned business|||
|capital|||
|Write-back of tax received|||
|Other cash received concerning|114,436,167.03|26,816,469.18|
|operating activities|||
|Subtotal of cash inflow arising from|195,481,008.75|141,157,575.14|
|operating activities|||
|Cash paid for purchasing commodities|75,834,435.01|97,604,331.43|
|and receiving labor service|||
|Net increase of customer loans and|||
|advances|||
|Net increase of deposits in central bank|||
|and interbank|||
|Cash paid for original insurance|||
|contract compensation|||
|Cash paid for interest, commission|||
|charge and commission|||
|Cash paid for bonus of guarantee slip|||
||7,554,518.21|38,361,775.00|
|Cash paid to/for staff and workers|||
||95,009,998.10|4,092,057.23|
|Taxes paid|||
|Other cash paid concerning operating|13,886,396.82|13,358,975.74|
|activities|||
|Subtotal of cash outflow arising from|192,285,348.14|153,417,139.40|
|operating activities|||
|Net cash flows arising from operating|3,195,660.61|-12,259,564.26|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
|investment|||
|Cash received from investment income|||
|Net cash received from disposal of|||
||100,500.00|1,868,000.00|
|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|100,500.00|1,868,000.00|
|activities|||
|Cash paid for purchasing fixed,|464,588.02|4,429.06|
|intangible and other long-term assets|||
|Cash paid for investment|||
|Net increase of mortgaged loans|||
|Net cash received from subsidiaries and|||
|other units|||
|Other cash paid concerning investing|||
|activities|||
|Subtotal of cash outflow from investing|464,588.02|4,429.06|
|activities|||
|Net cash flows arising from investing|-364,088.02|1,863,570.94|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|||
|investment|||
|Including: Cash received from|||
|absorbing minority shareholders’|||
|investment by subsidiaries|||
|Cash received from loans|||
|Cash received from issuing bonds|||
|Other cash received concerning|||
|financing activities|||
|Subtotal of cash inflow from financing|||
|activities|||
|Cash paid for settling debts|||
|Cash paid for dividend and profit|||
|distributing or interest paying|||
|Including: Dividend and profit of|||
|minority shareholder paid by|||
|subsidiaries|||
|Other cash paid concerning financing|||
|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|2,831,572.59|-10,395,993.32|
|equivalents|||
|Add: Balance of cash and cash|26,834,171.59|52,395,360.86|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|29,665,744.18|41,999,367.54|
|equivalents at the period -end|||

Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
8. Cash Flow Statement of parent company (year-begin to end of this period)
Prepared by SHENZHEN CHINA BICYCLE COMPANY (HOLDINGS) LIMITED
In RMB
||||
|-|-|-|
|Item|Amount in this period|Amount in last period|

||||
|-|-|-|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling commodities|||
|and providing labor services|||
|Write-back of tax received|||
|Other cash received concerning|120,458,163.36|26,051,733.04|
|operating activities|||
|Subtotal of cash inflow arising from|120,458,163.36|26,051,733.04|
|operating activities|||
|Cash paid for purchasing commodities|||
|and receiving labor service|||
||5,047,958.38|34,316,217.77|
|Cash paid to/for staff and workers|||
||93,125,142.32|2,109,260.10|
|Taxes paid|||
|Other cash paid concerning operating|21,583,654.23|12,452,430.63|
|activities|||
|Subtotal of cash outflow arising from|119,756,754.93|48,877,908.50|
|operating activities|||
|Net cash flows arising from operating|701,408.43|-22,826,175.46|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
|investment|||
|Cash received from investment income|||
|Net cash received from disposal of|||
|||1,836,000.00|
|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||1,836,000.00|
|activities|||
|Cash paid for purchasing fixed,|333,100.00||
|intangible and other long-term assets|||
|Cash paid for investment|||
|Net cash received from subsidiaries and|||
|other units|||
|Other cash paid concerning investing|||
|activities|||
|Subtotal of cash outflow from investing|||
||333,100.00||
|activities|||
|Net cash flows arising from investing|-333,100.00|1,836,000.00|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|||
|investment|||
|Cash received from loans|||
|Cash received from issuing bonds|||
|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|368,308.43|-20,990,175.46|
|equivalents|||
|Add: Balance of cash and cash|1,080,836.82|31,432,888.50|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|1,449,145.25|10,442,713.04|
|equivalents at the period -end|||

Legal representative: Luo Guiyou
Person in charge of accounting works: Li Hai
Person in charge of accounting institution: Sun Longlong
II. Audit Report
Whether the third quarter report was audited or not
□Yes√No
The 3rd quarter report of the Company has not been audited