Shenzhen China Bicycle Company (Holdings) Limited First Quarterly Report 2016
April 2016
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. Main financial data and changes of shareholders I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not
□ Yes√No
|||||
|-|-|-|-|
||||Changes of this period over|
||Current Period|Same period of last year||
||||same period of last year|
|Operating income (RMB)|21,999,259.18|22,326,412.71||
||||-1.47%|
|Net profit attributable to shareholders of|146,355.64|272,334.51||
||||-46.26%|
|the listed company(RMB)||||
|Net profit attributable to shareholders of||||
|the listed company after deducting|764.61|228,302.51|-99.67%|
|non-recurring gains and losses(RMB)||||
|Net cash flow arising from operating|-2,231,998.61|-2,814,082.91||
||||-20.68%|
|activities(RMB)||||
|Basic earnings per share (RMB/Share)|0.0003|0.0005||
||||-40.00%|
|Diluted earnings per share (RMB/Share)|0.0003|0.0005||
||||-40.00%|
|Weighted average ROE||||
||1.24%|2.26%|-1.02%|
||||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)|62,876,616.47|45,869,094.97||
||||37.08%|
|Net assets attributable to shareholder of|11,911,401.75|11,765,046.11||
||||1.24%|
|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|||
||195,463.82||
|aforementioned items|||
|Less: Impact on income tax|48,865.96||
|Impact on minority shareholders’ equity (post-tax)|1,006.83||
|Total|145,591.03|--|

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. Number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders
In share
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||||Total preference shareholders||||||
|Total number of common||||with voting rights recovered at||||||
||52,931||||||0|||
|shareholders at the end of report||||||||||
|||||end of reporting period (if||||||
|period||||||||||
|||||applicable)||||||
|Top ten shareholders||||||||||
|||||||||Number of share||
|||||||Amount of||||
||||Proportion||Amount of|||pledged/frozen||
|Shareholder’s name||Nature of|of shares|||restricted shares||||
|||shareholder|||shares held|||State of||
||||held|||held|||Amount|
|||||||||share||
|Shenzhen Guocheng Energy InvestmentDevelopment Co., Ltd.||Domesticnon-State-ownedlegal person|11.52%||63,508,747|0||||
|UOB Koy Hian (Hongkong) Co., Ltd.||Foreign legalperson|2.89%||15,907,850|0||||
|Guosen Securities (Hongkong)brokerage Co., Ltd.||Foreign legalperson|2.54%||13,988,425|0||||
|Shenwan Hongyuan Securities(Hongkong) Co., Ltd.||Foreign legalperson|1.10%||6,039,357|0||||
|Specific account of property dispositionfor bankruptcy enterprise of CBC||Domesticnon-State-owned|0.94%||5,177,402|0||||

||||||||
|-|-|-|-|-|-|-|
||legal person||||||
|China Merchants Securities Hong KongCo., Ltd.|State-owned legalperson||0.77%|4,229,290|0||
|Zhu Xiaowei|Domestic natureperson||0.75%|4,106,900|0||
|Li Huili|Domestic natureperson||0.71%|3,891,124|0||
|Xu Hongbo|Domestic natureperson||0.57%|3,137,419|0||
|Zong Bin|Domestic natureperson||0.56%|3,062,000|0||
|Top ten shareholders with unrestricted shares held|||||||
||||||Type of shares||
|Shareholder’s name||Amount of unrestricted shares held|||||
||||||Type|Amount|
|Shenzhen Guocheng Energy InvestmentDevelopment Co., Ltd.||63,508,747|||||
||||||RMB common shares|63508747|
|UOB Koy Hian (Hongkong) Co., Ltd.||15,907,850|||Domestically foreign||
|||||||15,907,850|
||||||shares||
|Guosen Securities (Hongkong) brokerageCo., Ltd.||13,988,425|||Domestically foreign||
|||||||13,988,425|
||||||shares||
|Shenwan Hongyuan Securities(Hongkong) Co., Ltd.||6,039,357|||Domestically foreign||
|||||||6,039,357|
||||||shares||
|Specific account of property dispositionfor bankruptcy enterprise of CBC||1,383,313|||RMB common shares|1,383,313|
|||3,794,089|||Domestically foreign||
|||||||3,794,089|
||||||shares||
|China Merchants Securities Hong KongCo., Ltd.||4,229,290|||Domestically foreign||
|||||||4,229,290|
||||||shares||
|Zhu Xiaowei||4,106,900|||RMB common shares|4,106,900|
|Li Huili||3,891,124|||Domestically foreign||
|||||||3,891,124|
||||||shares||
|Xu Hongbo||3,137,419|||Domestically foreign||
|||||||3,137,419|
||||||shares||
|Zong Bin||3,062,000|||RMB common shares|3,062,000|
|||Li Huili, the spouse of actual controller Ji Hanfei, holding B-share of the Company on|||||
|||behalf of Shenzhen Guocheng Energy Investment Development Co., Ltd., beyond that,|||||
|Explanation on associated relationship|||||||
|||the Company has no idea of whether other circulated shareholders belong to concerted|||||
|among the aforesaid shareholders|||||||
|||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|N/A|
|(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 Events
I. Particulars about material changes in items of main accounting statement and financial index and explanations of reasons
√ Applicable□ Not applicable
1. Note receivable increase from beginning of the Period, mainly because receivable notes for business settlement from subsidiary EMMLLE increased;
2. Advance payment increase379.27% from beginning of the Period, mainly because account paid in advance from subsidiary EMMELE increased for busy season;
3. Inventory increase301.27% from beginning of the Period, mainly because inventory from subsidiary EMMELE increased for busy
season;
4. Account payable increase196.79% from beginning of the Period, mainly because account payable from subsidiary EMMELE
increased;
5. Account received in advance increase118.60% from beginning of the Period, mainly because account received in advance from subsidiary EMMELE increased;
6. Tax payable decrease75.34% from beginning of the Period, mainly because taxes of last year were paid in the Year;
II. Analysis and explanation of significant events and their influence and solutions
□Applicable √Not applicable
III. Commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period
□Applicable √Not applicable
The Company had no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.
IV. Forecast of operation performance from Jan.– June of 2016
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|
||||Consultation of the reorganization of the|
|January to March 2016|Telephone communication|Individual||
||||Company|

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
2016-03-31
In RMB
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
|Monetary funds|24,520,067.05|26,752,065.66|
|Settlement provisions|||
|Capital lent|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial assets|||
|Notes receivable|5,309,558.00||
|Accounts receivable|9,292,076.30|9,195,296.32|
|Accounts paid in advance|1,906,684.66|397,833.20|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance|||
|receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other receivables|725,785.31|395,523.78|
|Purchase restituted finance asset|||
|Inventories|16,280,383.99|4,057,247.68|
|Divided into assets held for sale|||
|Non-current asset due within one|||
|year|||
|Other current assets|209,155.59|209,155.59|
|Total current assets|58,243,710.90|41,007,122.23|
|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|967,089.26|1,007,906.43|
|Construction in progress|||
|Engineering material|||
|Disposal of fixed asset|||
|Productive biological asset|||
|Oil and gas asset|||
|Intangible assets|3,576,750.00|3,765,000.00|
|Expense on Research and|||
|Development|||
|Goodwill|||
|Long-term expenses to be|||
|apportioned|||
|Deferred income tax asset|89,066.31|89,066.31|
|Other non-current asset|||
|Total non-current asset|4,632,905.57|4,861,972.74|
|Total assets|62,876,616.47|45,869,094.97|
|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|||
|Accounts payable|23,113,818.97|7,787,813.83|
|Accounts received in advance|4,425,972.17|2,024,718.30|

||||
|-|-|-|
|Selling financial asset of|||
|repurchase|||
|Commission charge and|||
|commission payable|||
|Wage payable|1,127,729.82|1,384,667.20|
|Taxes payable|313,664.73|1,271,303.96|
|Interest payable|||
|Dividend payable|||
|Other accounts payable|20,292,559.69|20,010,360.36|
|Reinsurance payables|||
|Insurance contract reserve|||
|Security trading of agency|||
|Security sales of agency|||
|Divided into liability held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|49,273,745.38|32,478,863.65|
|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|49,273,745.38|32,478,863.65|
|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|-1,199,944,070.11|-1,200,090,425.75|
|Total owner’s equity attributable to|||
||11,911,401.75|11,765,046.11|
|parent company|||
|Minority interests|1,691,469.34|1,625,185.21|
|Total owner’s equity|13,602,871.09|13,390,231.32|
|Total liabilities and owner’s equity|62,876,616.47|45,869,094.97|

 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|1,866,255.75|1,199,934.09|
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial assets|||
|Notes receivable|||
|Accounts receivable|100,041.81||
|Account paid in advance|15,163.00|82,848.00|
|Interest receivable|||
|Dividends receivable|||
|Other receivables|12,747,731.26|12,579,547.00|

||||
|-|-|-|
|Inventories|||
|Divided into assets held for sale|||
|Non-current assets maturing within|||
|one year|||
|Other current assets|||
|Total current assets|14,729,191.82|13,862,329.09|
|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|714,121.43|740,727.77|
|Construction in progress|||
|Project materials|||
|Disposal of fixed assets|||
|Productive biological assets|||
|Oil and natural gas assets|||
|Intangible assets|3,576,750.00|3,765,000.00|
|Research and development costs|||
|Goodwill|||
|Long-term deferred expenses|||
|Deferred income tax assets|||
|Other non-current assets|||
|Total non-current assets|4,301,251.16|4,516,107.50|
|Total assets|19,030,442.98|18,378,436.59|
|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|||

||||
|-|-|-|
|Wage payable|289,353.51|290,130.11|
|Taxes payable|-279,850.70|-278,741.70|
|Interest payable|||
|Dividend payable|||
|Other accounts payable|11,045,920.48|10,383,721.15|
|Divided into liability held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|11,055,423.29|10,395,109.56|
|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|11,055,423.29|10,395,109.56|
|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|-1,203,880,452.17|-1,203,872,144.83|
|Total owner’s equity|7,975,019.69|7,983,327.03|
|Total liabilities and owner’s equity|19,030,442.98|18,378,436.59|

 3. Consolidated Profit Statement
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|21,999,259.18|22,326,412.71|
|Including: Operating income|21,999,259.18|22,326,412.71|
|Interest income|||
|Insurance gained|||
|Commission charge and commission|||
|income|||
|II. Total operating cost|21,880,745.57|21,825,126.62|
|Including: Operating cost|20,231,383.00|20,695,316.29|
|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|24,499.43|20,439.96|
|Sales expenses|1,232,155.97|1,238,195.94|
|Administration expenses|929,402.00|464,265.16|
|Financial expenses|-536,694.83|-593,090.73|
|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 with|||
||118,513.61|501,286.09|
|“-”)|||
|Add: Non-operating income|195,463.82|49,388.00|
|Including: Disposal gains of|||
|non-current asset|||
|Less: Non-operating expense||5,356.00|
|Including: Disposal loss of|||
|non-current asset|||
|IV. Total Profit (Loss is listed with “-”)|313,977.43|545,318.09|
|Less: Income tax expense|101,337.66|149,900.58|
|V. Net profit (Net loss is listed with “-”)|212,639.77|395,417.51|
|Net profit attributable to owner’s of|||
||146,355.64|272,334.51|
|parent company|||
|Minority shareholders’ gains and|||
||66,284.13|123,083.00|
|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|212,639.77|395,417.51|
|Total comprehensive income|||
||146,355.64|272,334.51|
|attributable to owners of parent Company|||
|Total comprehensive income|||
||66,284.13|123,083.00|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.0003|0.0005|
|(ii) Diluted earnings per share|0.0003|0.0005|

 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|1,747,219.66|1,400,586.54|

||||
|-|-|-|
|Less: Operating cost|1,420,171.21|1,259,301.31|
|Operating tax and extras|18,715.98||
|Sales expenses|||
|Administration expenses|507,382.13|199,737.43|
|Financial expenses|246.68|438.96|
|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|||
||-199,296.34|-58,891.16|
|with “-”)|||
|Add: Non-operating income|190,989.00|49,388.00|
|Including: Disposal gains of|||
|non-current asset|||
|Less: Non-operating expense||5,356.00|
|Including: Disposal loss of|||
|non-current asset|||
|III. Total Profit (Loss is listed with|||
||-8,307.34|-14,859.16|
|“-”)|||
|Less: Income tax expense|||
|IV. Net profit (Net loss is listed with|||
||-8,307.34|-14,859.16|
|“-”)|||
|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|-8,307.34|-14,859.16|
|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|10,099,726.91|12,337,762.78|
|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|||
||2,979,334.76|1,758,279.42|
|operating activities|||
|Subtotal of cash inflow arising from|||
||13,079,061.67|14,096,042.20|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|9,991,389.27|10,937,672.01|
|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 workers|1,864,894.32|1,887,136.52|
|Taxes paid|903,835.74|1,166,496.13|
|Other cash paid concerning|||
||2,550,940.95|2,918,820.45|
|operating activities|||

||||
|-|-|-|
|Subtotal of cash outflow arising from|||
||15,311,060.28|16,910,125.11|
|operating activities|||
|Net cash flows arising from operating|||
||-2,231,998.61|-2,814,082.91|
|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,|||
|||160,683.76|
|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|||
|||160,683.76|
|activities|||
|Net cash flows arising from investing|||
|||-160,683.76|
|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|||
||-2,231,998.61|-2,974,766.67|
|equivalents|||
|Add: Balance of cash and cash|||
||26,752,065.66|30,163,866.78|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||24,520,067.05|27,189,100.11|
|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|2,934,826.12|3,099,772.67|

||||
|-|-|-|
|operating activities|||
|Subtotal of cash inflow arising from|||
||2,934,826.12|3,099,772.67|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|32,356.80|294,300.00|
|service|||
|Cash paid to/for staff and workers|576,619.70|538,971.67|
|Taxes paid|122,549.92|97,638.95|
|Other cash paid concerning|||
||1,536,978.04|2,054,624.69|
|operating activities|||
|Subtotal of cash outflow arising from|||
||2,268,504.46|2,985,535.31|
|operating activities|||
|Net cash flows arising from operating|||
||666,321.66|114,237.36|
|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,|||
|||160,683.76|
|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|||
|||160,683.76|
|activities|||

||||
|-|-|-|
|Net cash flows arising from investing|||
|||-160,683.76|
|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|||
||666,321.66|-46,446.40|
|equivalents|||
|Add: Balance of cash and cash|||
||1,199,934.09|1,363,097.01|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||1,866,255.75|1,316,650.61|
|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 Director of
Shenzhen China Bicycle Company (Holdings) Limited
26 April 2016