Shenzhen China Bicycle Company (Holdings) Limited First Quarterly Report 2018
April 2018
Section I. Important Notes
Board of Directors and the Supervisory Committee of Shenzhen China Bicycle Company (Holdings) Limited (hereinafter referred to as the Company) and its directors, supervisors and senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious statements, misleading statements or important omissions carried in this report, and shall take legal responsibilities, individual and/or joint.
All Directors are attended the Board Meeting for Quarterly Report deliberation. Li Hai, person in charge of the Company, Sun Longlong, person in charge of accounting works and Zhong Xiaojin, person in charge of accounting organ (accounting officer) hereby confirm that the Financial Report of this Quarterly Report is authentic, accurate and complete.
Section II. Basic Information of the Company
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes√No
|||||
|-|-|-|-|
||||Changes of this period over|
||Current Period|Same period of last year||
||||same period of last year|
|Operating income (RMB)|24,732,886.83|23,303,201.13||
||||6.14%|
|Net profit attributable to shareholders of|231,983.23|212,322.25||
||||9.26%|
|the listed company (RMB)||||
|Net profit attributable to shareholders of||||
|the listed company after deducting|178,793.22|94,639.00|88.92%|
|non-recurring gains and losses (RMB)||||
|Net cash flow arising from operating|832,923.62|-1,437,760.37||
||||-157.93%|
|activities (RMB)||||
|Basic earnings per share (RMB/Share)|0.0004|0.0004||
||||0.00%|
|Diluted earnings per share (RMB/Share)|0.0004|0.0004||
||||0.00%|
|Weighted average ROE||||
||1.45%|1.47%|-0.02%|
||||Changes of this period-end|
||At the end of the reporting|||
|||At the end of last year|over same period-end of last|
||period|||
||||year|
|Total assets (RMB)|83,392,029.59|73,559,961.28||
||||13.37%|
|Net assets attributable to shareholder of|16,130,254.08|15,898,270.85||
||||1.46%|
|listed company (RMB)||||

Items of non-recurring gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Amount from year-begin to||
|Item||Note|
||period-end||

||||
|-|-|-|
|Other non-operating income and expenditure except for the|||
||72,126.28||
|aforementioned items|||
|Less: Impact on income tax|18,031.57||
|Impact on minority shareholders’ equity (post-tax)|904.70||
|Total|53,190.01|--|

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. Total number of shareholders at the end of this report period and top ten shareholders 1. Total number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders
In share
||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||Total preference||||||
||||||||||shareholders with voting||||||
||Total number of common||||||||||||||
||shareholders at the end of report||||51,08|||2|rights recovered at end of||||0||
||period||||||||reporting period (if||||||
||||||||||applicable)||||||
||Top ten shareholders||||||||||||||
||||||||||||Amount of|Number of share pledged/frozen|||
||Shareholder’s||||||Amount of||||||||
||||Nature of||Proportion of||||||||||
||||||||||||restricted||||
||name||shareholder||shares held||shares held|||||State of share||Amount|
||||||||||||shares held||||
|ShenzhenGuochengEnergyInvestmentDevelopmentCo., Ltd.||Domesticnon-State-owned legal person||11.52%||63,508,747||||0|||||
|UOB Koy Hian(Hongkong)Co., Ltd.||Foreign legalperson||2.89%||15,907,850||||0|||||

||||||
|-|-|-|-|-|
|brokerage Co.,Ltd.|||||
|Huabao TrustCo., Ltd. –HuihuangNo.33 singlefund trust|Other|1.45%|7,985,000|0|
|ShenwanHongyuanSecurities(Hongkong)Co., Ltd.|Foreign legalperson|1.22%|6,707,257|0|
|Huabao TrustCo., Ltd. –HuihuangNo.15 singlefund trust|Other|1.19%|6,546,435|0|
|ZhongrongInternationalTrust Co., Ltd.– Zhongrong–Dingfu No.12structuredportfolioinvestmenttrust plan|Other|0.81%|4,453,000|0|
|ZhongrongInternationalTrust Co., Ltd.– Zhongrong–Dingfu No.13structuredportfolioinvestmenttrust plan|Other|0.72%|3,958,923|0|
|ChinaMerchantsSecuritiesHong KongCo., Ltd.|State-ownedlegal person|0.71%|3,893,382|0|

|||||||
|-|-|-|-|-|-|
||Top ten shareholders with unrestricted shares held|||||
|||||Type of shares||
||Shareholder’s name||Amount of unrestricted shares held|||
|||||Type|Amount|
|Shenzhen Guocheng EnergyInvestment Development Co., Ltd.||63,508,747||RMB common||
||||||63,508,747|
|||||shares||
|UOB Koy Hian (Hongkong) Co.,Ltd.||15,907,850||Domestically||
||||||15,907,850|
|||||foreign shares||
|Guosen Securities (Hongkong)brokerage Co., Ltd.||13,909,425||Domestically||
||||||13,909,425|
|||||foreign shares||
|Huabao Trust Co., Ltd. –Huihuang No.33 single fund trust||7,985,000||RMB common||
||||||7,985,000|
|||||shares||
|Shenwan Hongyuan Securities(Hongkong) Co., Ltd.||6,707,257||Domestically||
||||||6,707,257|
|||||foreign shares||
|Huabao Trust Co., Ltd. –Huihuang No.15 single fund trust||6,546,435||RMB common||
||||||6,546,435|
|||||shares||
|Zhongrong International TrustCo., Ltd. – Zhongrong –DingfuNo.12 structured portfolioinvestment trust plan||4,453,000||||
|||||RMB common||
||||||4,453,000|
|||||shares||
|Zhongrong International TrustCo., Ltd. – Zhongrong –DingfuNo.13 structured portfolioinvestment trust plan||3,958,923||||
|||||RMB common||
||||||3,958,923|
|||||shares||
|China Merchants Securities HongKong Co., Ltd.||3,893,382||Domestically||
||||||3,893,382|
|||||foreign shares||
|Li Huili||3,891,124||Domestically||
||||||3,891,124|
|||||foreign shares||
||||Li Huili, the spouse of actual controller Ji Hanfei, holding B-share of the Company on|||
||Explanation on associated||behalf of Shenzhen Guocheng 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 top ten common|||||
||shareholders involving margin||N/A|||
||business (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 top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred stock held
□ Applicable√ Not applicable
Section III. Significant Event
I. Particulars about material changes in items of main accounting statement and financial index and explanations of reasons
√ Applicable□ Not applicable
||||||
|-|-|-|-|-|
||Ending or the|Opening or last|Increase/decr||
|Item||||Reasons of changes|
||period|period|ease y-o-y||
|Cash received from selling|5,982,298.36|12,812,358.30|-53.31%|Business are settled by bank acceptance in the|
|commodities and providing labor||||period|
|services|||||
|Cash paid for purchasing|3,072,699.30|12,076,169.36|-74.56%|Business are settled by bank acceptance in the|
|commodities and receiving labor||||period|
|service|||||
|Note receivable|5,330,000.00|1,500,000.00|255.33%|The acceptance bill in the period increased|
|Inventory|4,332,499.78|2,777,174.63|56.00%|Stock increased for the season of saels from|
|||||subsidiary in the period|
|Accounts payable|13,573,813.11|3,928,197.27|245.55%|Receivables increased for the season of sales from|
|||||subsidiary in the period|
|Account received in advance|1,810,468.80|1,268,479.32|42.73%|Account received in advance for goods from|
|||||subsidiary EMMELLE|

II. Analysis and explanation of significant events and their influence and solutions
√ Applicable□ Not applicable
From January to February of 2018, the fourth (temporary) meeting of the
10th
session of board of directors and the first extraordinaryshareholders’ meeting of the company in 2018 reviewed and approved the Proposal on Adjusting the Plan for theCompany’s Non-Public Offering of A-Shares, and the Proposal on the Plan for theCompany’s Non-Public Offering of A-Shares (three revised versions) and other relevant proposals. According to the above proposals, the total amount of funds raised in this non-public offering of shares did not exceed 750 million Yuan, and planned to invest 680 million Yuan for the “online and offline marketing network platform construction and upgrade project” and planned to invest 70 million Yuan for the“R&D center construction project after deducting the issuance costs. The issuing objects of this non-public offering include four specific investors which are Ruian Information, Zhisheng High-tech, Wansheng Industry and Beier High-tech. The subscription amount of Ruian Information does not exceed 250 million Yuan, and the number of subscribed shares does not
exceed 36,756,529 shares; the subscription amount of Zhisheng High-tech does not exceed 200 million Yuan, and
the number of subscribed shares does not exceed 29,405,223 shares; the subscription amount of Wansheng
Industry and Beier High-tech respectively does not exceed 150 million Yuan, and the number of subscribed shares
does not exceed 22,053,917 shares respectively. See details on the announcement issued by the board of directors of the Company.
||||
|-|-|-|
|||Inquiry index for temporary report|
|Overview|Released on||
|||disclosed|
|Adjusting the Plan for the Company’s Non-Public Offering ofA-Shares|||
||2018-01-27|Juchao Website: http://www.cninfo.com.cn|
|Proposal on the Plan for Non-Public Offering of A-Shares foryear of 2016 (three revised versions)|||
||2018-01-27|Juchao Website: http://www.cninfo.com.cn|
|Signing the Equity Subscription Agreement Subject to aCondition with Subscribed Object (Second Revised)|||
||2018-01-27|Juchao Website: http://www.cninfo.com.cn|
|Explanation on Adjusting the Plan for the Company’sNon-Public Offering of A-Shares|||
||2018-01-27|Juchao Website: http://www.cninfo.com.cn|
|The Non-Public Offering with Related Transactions Involved|2018-01-27|Juchao Website: http://www.cninfo.com.cn|
|Feasibility Analysis Report o the Use of Funds Arising fromNon-Public Offering of A-Shares for year of 2016|||
||2018-01-27|Juchao Website: http://www.cninfo.com.cn|
|Shareholders’ Return Plan for the Next Three Years(2018-2020)|||
||2018-01-27|Juchao Website: http://www.cninfo.com.cn|
|Risk Warning on Prompt Return Dilution for Non-PublicOffering of Shares, Explanation on Instructions for Takingfilling Measures and related Subject Commitment (ThirdRevised)|||
||2018-01-27|Juchao Website: http://www.cninfo.com.cn|
|Resolution of 4th session (Extraordinary) of 10th BOD|2018-01-27|Juchao Website: http://www.cninfo.com.cn|
|Resolution of 12th session (Extraordinary) of 8th SupervisoryCommittee|||
||2018-01-27|Juchao Website: http://www.cninfo.com.cn|
|Resolution of First Extraordinary Meeting of Shareholders’General Meeting 2018|||
||2018-02-14|Juchao Website: http://www.cninfo.com.cn|

III. Commitments completed in Period and those without completed till end of the Period from actual controller, shareholders, related parties, purchaser and companies
□ Applicable√ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller, shareholders, related parties, purchaser and companies.
IV. Forecast of operation performance from Jan.– June of 2018
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
loss or have great changes comparing with the same period of last year
□Applicable √Not applicable
V. Securities investment
□ Applicable√ Not applicable
No security investment in Period.
VI. Derivative investment
□ Applicable√ Not applicable
No derivative investment in Period.
VII. Registration form for receiving research, communication and interview in the report period
√ Applicable□ Not applicable
|||||
|-|-|-|-|
|Time|Way|Type|Basic situation index of investigation|
||||Consulting company restructuring|
|In the reporting period|Telephone communication|Individual||
||||problem|
||||Inquiry progress of the private|
|In the reporting period|Telephone communication|Individual||
||||placement|

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 Statement
I. Financial statement
1. Consolidate balance sheet
Prepared by Shenzhen China Bicycle Company (Holdings) Limited
2018-03-31
In RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
|Monetary funds|28,818,577.86|27,985,654.24|
|Settlement provisions|||
|Capital lent|||
|Financial assets measured by fair|||
|value and with variation reckoned|||
|into current gains/losses|||
|Derivative financial assets|||
|Notes receivable|5,330,000.00|1,500,000.00|
|Accounts receivable|32,556,167.75|29,007,775.21|
|Accounts paid in advance|2,897,507.80|2,482,276.54|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance|||
|receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other receivables|603,433.38|659,706.81|
|Purchase restituted finance asset|||
|Inventories|4,332,499.78|2,777,174.63|
|Assets held for sale|||
|Non-current asset due within one|||
|year|||
|Other current assets|1,792,452.81|1,805,427.17|
|Total current assets|76,330,639.38|66,218,014.60|

||||
|-|-|-|
|Non-current assets:|||
|Loans and payments on behalf|||
|Finance asset available for sales|||
|Held-to-maturity investment|||
|Long-term account receivable|||
|Long-term equity investment|||
|Investment property|||
|Fixed assets|3,848,811.50|3,941,117.97|
|Construction in progress|||
|Engineering material|||
|Disposal of fixed asset|||
|Productive biological asset|||
|Oil and gas asset|||
|Intangible assets|2,070,750.00|2,259,000.00|
|Expense on Research and|||
|Development|||
|Goodwill|||
|Long-term expenses to be|||
|apportioned|||
|Deferred income tax asset|741,828.71|741,828.71|
|Other non-current asset|400,000.00|400,000.00|
|Total non-current asset|7,061,390.21|7,341,946.68|
|Total assets|83,392,029.59|73,559,961.28|
|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|||
|Derivative financial liability|||
|Notes payable|8,480,000.00|8,480,000.00|
|Accounts payable|13,573,813.11|3,928,197.27|

||||
|-|-|-|
|Accounts received in advance|1,810,468.80|1,268,479.32|
|Selling financial asset of|||
|repurchase|||
|Commission charge and|||
|commission payable|||
|Wage payable|424,863.46|706,703.40|
|Taxes payable|3,898,864.92|3,807,286.87|
|Interest payable|||
|Dividend payable|||
|Other accounts payable|36,139,420.62|36,508,323.90|
|Reinsurance payables|||
|Insurance contract reserve|||
|Security trading of agency|||
|Security sales of agency|||
|Liability held for sale|||
|Non-current liabilities due|||
|within 1 year|||
|Other current liabilities|||
|Total current liabilities|64,327,430.91|54,698,990.76|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||
|Long-term account payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Projected liabilities|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|64,327,430.91|54,698,990.76|
|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|-1,195,725,217.78|-1,195,957,201.01|
|Total owner’s equity attributable to|||
||16,130,254.08|15,898,270.85|
|parent company|||
|Minority interests|2,934,344.60|2,962,699.67|
|Total owner’s equity|19,064,598.68|18,860,970.52|
|Total liabilities and owner’s equity|83,392,029.59|73,559,961.28|

 Legal representative: Li Hai Person in charge of accounting works: Sun Longlong Person in charge of accounting organ: Zhong Xiaojin
2. Balance Sheet of Parent Company
In RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
|Monetary funds|14,859,955.48|15,398,405.80|
|Financial assets measured by fair|||
|value and with variation reckoned|||
|into current gains/losses|||
|Derivative financial assets|||
|Notes receivable||300,000.00|
|Accounts receivable|14,970,660.19|17,680,663.16|
|Account paid in advance|2,285,312.96|2,357,662.42|
|Interest receivable|||
|Dividends receivable|||

||||
|-|-|-|
|Other receivables|1,041,303.38|280,576.37|
|Inventories|||
|Assets held for sale|||
|Non-current assets maturing|||
|within one year|||
|Other current assets|1,792,452.81|1,792,452.81|
|Total current assets|34,949,684.82|37,809,760.56|
|Non-current assets:|||
|Available-for-sale financial|||
|assets|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|10,379.73|10,379.73|
|Investment property|||
|Fixed assets|3,249,555.35|3,309,465.26|
|Construction in progress|||
|Project materials|||
|Disposal of fixed assets|||
|Productive biological assets|||
|Oil and natural gas assets|||
|Intangible assets|2,070,750.00|2,259,000.00|
|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|5,730,685.08|5,978,844.99|
|Total assets|40,680,369.90|43,788,605.55|
|Current liabilities:|||
|Short-term borrowings|||
|Financial liability measured by|||
|fair value and with variation reckoned|||
|into current gains/losses|||
|Derivative financial liability|||
|Notes payable|||

||||
|-|-|-|
|Accounts payable|||
|Accounts received in advance|905,422.08|1,086,506.70|
|Wage payable|112,882.18|112,896.71|
|Taxes payable|2,800,749.01|2,806,928.48|
|Interest payable|||
|Dividend payable|||
|Other accounts payable|27,567,486.90|30,786,588.98|
|Liability held for sale|||
|Non-current liabilities due|||
|within 1 year|||
|Other current liabilities|||
|Total current liabilities|31,386,540.17|34,792,920.87|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||
|Long-term account payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Projected liabilities|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|31,386,540.17|34,792,920.87|
|Owners’ equity:|||
|Share capita|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 reserve|32,673,227.01|32,673,227.01|
|Retained profit|-1,202,561,642.13|-1,202,859,787.18|
|Total owner’s equity|9,293,829.73|8,995,684.68|
|Total liabilities and owner’s equity|40,680,369.90|43,788,605.55|

 3. Consolidated Profit Statement
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|24,732,886.83|23,303,201.13|
|Including: Operating income|24,732,886.83|23,303,201.13|
|Interest income|||
|Insurance gained|||
|Commission charge and|||
|commission income|||
|II. Total operating cost|24,497,325.06|22,938,132.58|
|Including: Operating cost|22,815,921.16|20,669,393.50|
|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|13,045.78|70,630.84|
|Sales expenses|1,088,883.41|1,260,936.10|
|Administration expenses|792,355.78|1,129,087.76|
|Financial expenses|-212,881.07|-191,915.62|
|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 “-”)|||
|Assets disposal income (Loss is|||
|listed with “-”)|||
|Other income|||
|III. Operating profit (Loss is listed|||
||235,561.77|365,068.55|
|with “-”)|||
|Add: Non-operating income|72,126.28|156,911.00|
|Less: Non-operating expense|||
|IV. Total Profit (Loss is listed with|||
||307,688.05|521,979.55|
|“-”)|||
|Less: Income tax expense|104,059.89|163,933.57|
|V. Net profit (Net loss is listed with|||
||203,628.16|358,045.98|
|“-”)|||
|(I) Continuous operation net profit|||
||203,628.16|358,045.98|
|(Net loss is listed with “-”)|||
|(II) Discontinued operation net|||
|profit (Net loss is listed with “-”)|||
|Net profit attributable to owner’s of|||
||231,983.23|212,322.25|
|parent company|||
|Minority shareholders’ gains and|||
||-28,355.07|145,723.73|
|losses|||
|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 as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||
|2. Share of the other|||
|comprehensive income of the investee|||

||||
|-|-|-|
|accounted for using equity method|||
|which will not be reclassified|||
|subsequently to profit and loss|||
|(II) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||
|1. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will be reclassified subsequently|||
|to profit or loss|||
|2. Gains or losses arising|||
|from changes in fair value of|||
|available-for-sale financial assets|||
|3. Gains or losses arising|||
|from reclassification of|||
|held-to-maturity investment as|||
|available-for-sale financial assets|||
|4. The effect hedging|||
|portion of gains or losses arising from|||
|cash flow hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign|||
|currency financial statements|||
|6. Other|||
|Net after-tax of other comprehensive|||
|income attributable to minority|||
|shareholders|||
|VII. Total comprehensive income|203,628.16|358,045.98|
|Total comprehensive income|||
|attributable to owners of parent|231,983.23|212,322.25|
|Company|||
|Total comprehensive income|||
||-28,355.07|145,723.73|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.0004|0.0004|
|(ii) Diluted earnings per share|0.0004|0.0004|

 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and
realized 0 Yuan at last period for combined party.
Legal representative: Li Hai Person in charger of accounting works: Sun Longlong
Person in charger of accounting organ: Zhong Xiaojin
4. Profit Statement of Parent Company
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|7,029,187.86|1,513,049.47|
|Less: Operating cost|6,438,488.68|1,262,084.91|
|Operating tax and extras|||
|Sales expenses|64,825.20||
|Administration expenses|232,817.86|534,843.16|
|Financial expenses|-41,043.41|732.17|
|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|||
|Assets disposal income (Loss is|||
|listed with “-”)|||
|Other income|||
|II. Operating profit (Loss is listed|||
||334,099.53|-284,610.77|
|with “-”)|||
|Add: Non-operating income|68,105.41|156,911.00|
|Less: Non-operating expense|||
|III. Total Profit (Loss is listed with|||
||402,204.94|-127,699.77|
|“-”)|||
|Less: Income tax expense|104,059.89||
|IV. Net profit (Net loss is listed with|||
||298,145.05|-127,699.77|
|“-”)|||
|(I) Continuous operation net|||
|profit (Net loss is listed with “-”)|||
|(II) Discontinued operation net|||
|profit (Net loss is 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 as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||
|2. Share of the other|||
|comprehensive income of the|||
|investee accounted for using equity|||
|method which will not be reclassified|||
|subsequently to profit and loss|||
|(II) Other comprehensive|||
|income items which will be|||
|reclassified subsequently to profit or|||
|loss|||
|1. Share of the other|||
|comprehensive income of the|||
|investee accounted for using equity|||
|method which will be reclassified|||
|subsequently to profit or loss|||
|2. Gains or losses arising|||
|from changes in fair value of|||
|available-for-sale financial assets|||
|3. Gains or losses arising|||
|from reclassification of|||
|held-to-maturity investment as|||
|available-for-sale financial assets|||
|4. The effect hedging|||
|portion of gains or losses arising from|||
|cash flow hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign|||
|currency financial statements|||
|6. Other|||
|VI. Total comprehensive income|298,145.05|-127,699.77|
|VII. Earnings per share:|||
|(i) Basic earnings per share|0.0005|-0.0002|
|(ii) Diluted earnings per share|0.0005|-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|5,982,298.36|12,812,358.30|
|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 amount from|||
|disposal financial assets that|||
|measured by fair value and with|||
|variation reckoned into current|||
|gains/losses|||
|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|||
||1,554,655.99|1,567,662.15|
|operating activities|||
|Subtotal of cash inflow arising from|||
||7,536,954.35|14,380,020.45|
|operating activities|||
|Cash paid for purchasing|||
||3,072,699.30|12,076,169.36|
|commodities 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|||
|Cash paid to/for staff and|||
||1,530,704.56|1,609,825.92|
|workers|||
|Taxes paid|533,348.11|234,265.93|
|Other cash paid concerning|||
||1,567,278.76|1,897,519.61|
|operating activities|||
|Subtotal of cash outflow arising from|||
||6,704,030.73|15,817,780.82|
|operating activities|||
|Net cash flows arising from|||
||832,923.62|-1,437,760.37|
|operating activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
|investment|||
|Cash received from investment|||
|income|||
|Net cash received from disposal|||
|of fixed, intangible and other|||
|long-term assets|||
|Net cash received from disposal|||
|of subsidiaries and other units|||
|Other cash received concerning|||
|investing activities|||
|Subtotal of cash inflow from|||
|investing activities|||
|Cash paid for purchasing fixed,|||
|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||
|Including: Cash received from||
|absorbing minority shareholders’||
|investment by subsidiaries||
|Cash received from loans||
|Cash received from issuing||
|bonds||
|Other cash received concerning||
||328,378.06|
|financing activities||
|Subtotal of cash inflow from||
||328,378.06|
|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||
||328,378.06|
|financing activities||
|IV. Influence on cash and cash||
|equivalents due to fluctuation in||
|exchange rate||

||||
|-|-|-|
|V. Net increase of cash and cash|||
||1,161,301.68|-1,437,760.37|
|equivalents|||
|Add: Balance of cash and cash|||
||19,177,276.18|24,015,287.71|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||20,338,577.86|22,577,527.34|
|equivalents at the period -end|||

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|||
|Write-back of tax received|||
|Other cash received concerning|||
||1,331,116.28|2,302,597.10|
|operating activities|||
|Subtotal of cash inflow arising from|||
||1,331,116.28|2,302,597.10|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|1,861.33||
|service|||
|Cash paid to/for staff and|||
||518,277.64|501,230.86|
|workers|||
|Taxes paid|412,529.68|75,698.87|
|Other cash paid concerning|||
||936,897.95|1,343,030.72|
|operating activities|||
|Subtotal of cash outflow arising from|||
||1,869,566.60|1,919,960.45|
|operating activities|||
|Net cash flows arising from|||
||-538,450.32|382,636.65|
|operating activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
|investment|||
|Cash received from investment|||
|income|||

||
|-|
|Net cash received from disposal|
|of fixed, intangible and other|
|long-term assets|
|Net cash received from disposal|
|of subsidiaries and other units|
|Other cash received concerning|
|investing activities|
|Subtotal of cash inflow from|
|investing activities|
|Cash paid for purchasing fixed,|
|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 activities|
|Net cash flows arising from investing|
|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|||
||-538,450.32|382,636.65|
|equivalents|||
|Add: Balance of cash and cash|||
||15,398,405.80|1,143,418.29|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||14,859,955.48|1,526,054.94|
|equivalents at the period -end|||

II. Audit report
Whether the first quarterly report had been audited or not
□ Yes√ No
The first quarterly report was unaudited.
Board of Directors of
Shenzhen China Bicycle Company (Holdings) Limited
25 April 2018