Shenzhen China Bicycle Company (Holdings) Limited THE THIRD QUARTERLY REPORT FOR 2019
October 2019
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 Li Hai, Person in Charge of Accounting Works Sun Longlong and Person in Charge of Accounting Organ (Accounting Officer) Zhong Xiaojin hereby confirm that the Financial Report of the Third Quarterly Report is authentic, accurate and complete.
Section II. Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes√No
||||||||
|-|-|-|-|-|-|-|
||Current period-end||Period-end of last year||Increase/decrease||
|Total assets (RMB)|68,575,233.68||73,242,960.17||-6.37%||
|Net assets attributable to|14,547,505.53||14,306,301.94||||
|shareholders of listed company|||||1.69%||
|(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)|24,574,484.81|-26.68%||62,848,917.83||-37.93%|
|Net profit attributable to|1,040,149.76|||241,203.59|||
|shareholders of the listed company||96.06%||||-77.76%|
|(RMB)|||||||
|Net profit attributable to|||||||
|shareholders of the listed company|||||||
||1,040,149.76|196.39%||129,759.59||-85.12%|
|after deducting non-recurring gains|||||||
|and losses (RMB)|||||||
|Net cash flow arising from||||-7,317,672.68|||
||--|--||||-6,087.84%|
|operating activities (RMB)|||||||
|Basic earnings per share|0.0019|||0.0004|||
|||90.00%||||-80.00%|
|(RMB/Share)|||||||
|Diluted earnings per share|0.0019|||0.0004|||
|||90.00%||||-80.00%|
|(RMB/Share)|||||||
|Weighted average ROE|7.42%|4.25%||1.67%||-4.93%|

 Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
||||
|-|-|-|
||Amount from year-begin to||
|Item||Note|
||end of the Period||
|Other gains/losses qualify the definition of non-recurring gainsand losses|||
||148,577.00|-|

||||
|-|-|-|
|Less: impact on income tax|37,144.25|-|
|Impact on minority shareholders’ equity (post-tax)|-11.25|-|
|Total|111,444.00|--|

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. 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|||||
|||53,992|||||0||
|shareholders at the end of report|||||||||
|||||end of reporting period (if|||||
|period|||||||||
|||||applicable)|||||
|Top ten 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 EnergyInvestmentDevelopmentCo., Ltd.|Domesticnon-State-ownedlegal person|11.52%|63,508,747||0||||
|||||||-||-|
|UOB (H.K.) Co.,Ltd.|Foreign legalperson|2.89%|15,907,850||0||||
|||||||-||-|
|Guosen Securities(H.K.) Co., Ltd.|Foreign legalperson|2.52%|13,909,425||0||||
|||||||-||-|
|ShenwanHongyuanSecurities(Hongkong) Co.,Ltd.|Foreign legalperson|1.20%|6,626,116||0||||
|||||||-||-|

||||||||
|-|-|-|-|-|-|-|
|Li Huili|Domestic natureperson|0.71%|3,891,124|0|||
||||||-|-|
|Xu Hongbo|Domestic natureperson|0.58%|3,187,419|0|||
||||||-|-|
|CMS HK|State-owned legalperson|0.54%|2,953,382|0|||
||||||-|-|
|Special Accountfor PropertyDisposal ofBankruptEnterprise ofCBC|Domesticnon-State-ownedlegal person|0.47%|2,602,402|0|||
||||||-|-|
|Ge Zhiqiong|Domestic natureperson|0.45%|2,486,652|0|||
||||||-|-|
|ZhuorunTechnology Co.,Ltd.|Foreign legalperson|0.36%|2,000,000|0|||
||||||-|-|
|Particular about top ten shareholders with un-restrict shares held|||||||
||||||Type of shares||
|Shareholders||Amount of un-restrict shares held|||||
||||||Type|Amount|
|Shenzhen Guosheng EnergyInvestment Development Co., Ltd.||63,508,747|||RMB ordinary||
|||||||63,508,747|
||||||shares||
|UOB (H.K.) Co., Ltd.||15,907,850|||Domestically||
||||||listed foreign|15,907,850|
||||||shares||
|Guosen Securities (H.K.) Co., Ltd.||13,909,425|||Domestically||
||||||listed foreign|13,909,425|
||||||shares||
|Shenwan Hongyuan Securities(Hongkong) Co., Ltd.||6,626,116|||Domestically||
||||||listed foreign|6,626,116|
||||||shares||
|Li Huili||3,891,124|||Domestically||
||||||listed foreign|3,891,124|
||||||shares||
|Xu Hongbo||3,187,419|||Domestically||
||||||listed foreign|3,187,419|
||||||shares||
|CMS HK||2,953,382|||Domestically||
||||||listed foreign|2,953,382|
||||||shares||

|||||
|-|-|-|-|
|Special Account for PropertyDisposal of Bankrupt Enterprise ofCBC|2,602,402|RMB ordinary||
||||1,383,313|
|||shares||
|||Domestically||
|||listed foreign|1,219,089|
|||shares||
|Ge Zhiqiong|2,486,652|Domestically||
|||listed foreign|2,486,652|
|||shares||
|Zhuorun Technology Co., Ltd.|2,000,000|RMB ordinary||
||||2,000,000|
|||shares||
||Li Huili, the spouse of actual controller Ji Hanfei, holding B-share of the Company on behalf|||
|Explanation on associated|of Shenzhen Guosheng Energy Investment Development Co., Ltd., beyond that, the Company|||
|relationship among the aforesaid|has no idea of whether other circulated shareholders belong to concerted action persons ruled|||
|shareholders|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 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
□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
||||||
|-|-|-|-|-|
||Ending Period or form|Opening Period or same|Increase or decrease y-o-y|Reasons|
||year begin to now|period last year|||
|Operation income|62,848,917.83|101,250,275.83|-37.93%|Income from business|
|||||decline|
|Operation cost|57,446,763.42|90,958,528.99|-36.84%|Business cost decreased|
|Sales expenses|2,377,317.42|4,356,796.05|-45.43%|Sales expenses declined|
|||||due to the decrease of|
|||||business income|
|Management expenses|3,263,168.76|4,805,269.03|-32.09%|Management expenses|
|||||declined due to the|
|||||decrease of business|
|||||income|
|Financial expenses|-78,872.38|-302,000.97|-73.88%|Interest income from|
|||||bank savings declined|
|Net cash flow from|-7,317,672.68|122,208.96|-6087.84%|Taxes payable at year-end|
|operating activities||||last year has been paid in|
|||||the period|
|Net cash flow from|-534,494.04|-17,293.82|2990.66%|Purchased machinery|
|investment activities||||equipment in the year|
|Net cash flow from|-7,818,729.82|104,915.14|-7552.43%|Taxes payable at year-end|
|operating activities||||last year has been paid in|
|||||the period|
|Monetary Fund|8,670,156.44|18,488,886.26|-53.11%|Taxes payable at year-end|
|||||last year has been paid in|
|||||the period|
||40,943,384.51|29,007,509.02|41.15%|The payment days to|
|Account receivable||||clients for the business|
|||||operation is not due|
|Advance payment|1,693,512.99|13,799,753.60|-87.73%|The account paid in|
|||||advance for lithium|
|||||battery material business|

||||||
|-|-|-|-|-|
|||||last year was progressive|
|||||delivery in the period|
|Inventory|3,456,156.95|2,386,603.94|44.81%|Stock up for the peak|
|||||season|
|Other current assets|5,607,025.86|2,266,241.66|147.42%|The pending deduct input|
|||||tax increased in the|
|||||period|
|Intangible assets|941,250.00|1,506,000.00|-37.50%|Mainly due to the|
|||||amortization of intangible|
|||||assets|
|Notes payable|-|2,000,000.00|-100.00%|The bank acceptance bill|
|||||are due to honour|
|Account received in|3,260,235.62|405,779.88|703.45%|Account received in|
|advance||||advance from the|
|||||customer|
|Taxes payable|177,634.33|6,297,096.28|-97.18%|Taxes payable at year-end|
|||||last year has been paid in|
|||||the period|

II. Progress of significant events, their influences, and analysis and explanation of their solutions
√ Applicable□Not applicable
1. Plan a non-public issue of shares
In July 2016, the Company started to plan a non-public issue of shares with proceeds to be utilized to acquire material assets. The Plan on Non-public Issue of A shares in 2016 was considered and approved by the Board of the Company. Based on the due diligence, audit, assessment and business negation with intermediates, taking into account the conditions of capital market and actual conditions of the Company, the Board of the Company considered and approved the Proposal Relating to Adjusting the Plan of non-public of A Shares, the Explanation on non-public of A-shares for year of 2016 Amendment, the Plan on Non-public Issue of A shares in 2016 (amended), the Plan on Non-public Issue of A shares in 2016 (Second Amended) and Plan on Non-public Issue of A shares in 2016 (Third Amended) from February 2017 to February 2018. and on 13 Feb. 2018, the Plan on Non-public Issue of A Shares (Third Amended) was deliberated and approved by First Extraordinary Shareholders General Meeting of 2018. According to the three revised drafts, the number of non-public offering of shares should not exceed 110,269,586 shares, and the total amount of funds raised should not exceed 750 million Yuan. The total amount of raised funds for this non-public offering should not exceed RMB 750 million, will be used for the following projects after deducting the issuance expenses: 1. RMB 680 million of funds for “online and offline
marketing network platform construction and upgrading project”; 2. RMB 70 million of funds for “R& D center
construction project”. 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.
2. Foreign investment for controlling subsidiary
On 12 August 2019, the Notice on Foreign Investment was deliberated and approved by the
14th Session (extraordinary) of
10th
BOD, it is agreed to setting up Shenzhen XinSenJewelry& Gold Supply Chain Co., Ltd. with Shenzhen Zuan Jin Sen Jewelry Co., ltd, the Company contribute 4.225 million Yuan while 2.275 million Yuan invested by Zuan Jin Sen Jewelry. After the business registration, the Company comes to the controlling shareholder of XinSenJewelry& Gold for holding65% equity.
||||
|-|-|-|
|||Information index for temporary report|
|Overview|Date for disclosure||
|||disclosure|
|Resolution of the 14th Session(extraordinary) of 10th BOD||Juchao Website http://www.cninfo.com.cn|
||2019-08-12||
|||Notice No.: 2019-015|
|Notice on Foreign Investment||Juchao Website http://www.cninfo.com.cn|
||2019-08-12||
|||Notice No.: 2019-016|

Progress of shares buy-back
□Applicable√Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□Applicable√Not applicable
III. Commitments that the actual controller, shareholders, related parties, acquirer and the Company have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period
□ Applicable√ Not applicable
There are no commitments that the actual controller, shareholders, related parties, acquirer and the Company have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.
IV. Particular about security investment
□ Applicable√ Not applicable
The Company had no security investment in Period.
V. Trust financing
□ Applicable√ Not applicable
The Company had no trust financing 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
|||||
|-|-|-|-|
|Time|Way|Type|Basic situation index of investigation|
||||Progress of privately placement of shares|
|July – September 2019|Telephone communication|Individual||
||||consulting|
|July – September 2019|Telephone communication|Individual|Recombination consulting|

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
2019-09-30
In RMB
||||
|-|-|-|
|Item|2019-9-30|2018-12-31|
|Current assets:|||
|Monetary funds|8,670,156.44|18,488,886.26|
|Settlement provisions|||
|Capital lent|||
|Tradable financial assets|||
|Financial assets measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial assets|||
|Note receivable|450,000.00||
|Account receivable|40,943,384.51|29,007,509.02|
|Receivable financing|||
|Accounts paid in advance|1,693,512.99|13,799,753.60|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance|||
|receivable|||
|Other account receivable|1,079,351.23|844,537.19|
|Including: Interest receivable|||
|Dividend receivable|||
|Buying back the sale of financial|||
|assets|||
|Inventories|3,456,156.95|2,386,603.94|
|Contractual assets|||
|Assets held for sale|||

||||
|-|-|-|
|Non-current asset due within one|||
|year|||
|Other current assets|5,607,025.86|2,266,241.66|
|Total current assets|61,899,587.98|66,793,531.67|
|Non-current assets:|||
|Loans and payments on behalf|||
|Debt investment|||
|Finance asset available for sales|||
|Other debt investment|||
|Held-to-maturity investment|||
|Long-term account receivable|||
|Long-term equity investment|||
|Investment in other equity|||
|instrument|||
|Other non-current financial assets|||
|Investment real estate|||
|Fixed assets|4,289,622.16|3,502,807.32|
|Construction in progress|||
|Productive biological asset|||
|Oil and gas asset|||
|Right-of-use assets|||
|Intangible assets|941,250.00|1,506,000.00|
|Expense on Research and|||
|Development|||
|Goodwill|||
|Long-term expenses to be|||
|apportioned|||
|Deferred income tax asset|1,044,773.54|1,040,621.18|
|Other non-current asset|400,000.00|400,000.00|
|Total non-current asset|6,675,645.70|6,449,428.50|
|Total assets|68,575,233.68|73,242,960.17|
|Current liabilities:|||
|Short-term loans|||
|Loan from central bank|||
|Capital borrowed|||

||||
|-|-|-|
|Tradable financial liability|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Note payable||2,000,000.00|
|Account payable|9,206,474.40|9,979,010.69|
|Accounts received in advance|3,260,235.62|405,779.88|
|Contractual liability|||
|Selling financial asset of|||
|repurchase|||
|Absorbing deposit and inter-bank|||
|deposit|||
|Security trading of agency|||
|Security sales of agency|||
|Wage payable|524,073.65|435,736.16|
|Taxes payable|177,634.33|6,297,096.28|
|Other account payable|38,466,976.88|37,144,872.42|
|Including: Interest payable|||
|Dividend payable|||
|Commission charge and|||
|commission payable|||
|Reinsurance payable|||
|Liability held for sale|||
|Non-current liabilities due within|||
|one year|||
|Other current liabilities|||
|Total current liabilities|51,635,394.88|56,262,495.43|
|Non-current liabilities:|||
|Insurance contract reserve|||
|Long-term loans|||
|Bonds payable|||
|Including: Preferred stock|||
|Perpetual capital|||
|securities|||
|Lease liability|||

||||
|-|-|-|
|Long-term account payable|||
|Long-term wages payable|||
|Accrual liability|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|51,635,394.88|56,262,495.43|
|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|-1,197,307,966.33|-1,197,549,169.92|
|Total owner’ s equity attributable to|||
||14,547,505.53|14,306,301.94|
|parent company|||
|Minority interests|2,392,333.27|2,674,162.80|
|Total owner’ s equity|16,939,838.80|16,980,464.74|
|Total liabilities and owner’ s equity|68,575,233.68|73,242,960.17|

 Legal Representative: Li Hai
Person in charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: Zhong Xiaojin
2. Balance Sheet of Parent Company
In RMB
||||
|-|-|-|
|Item|2019-9-30|2018-12-31|

||||
|-|-|-|
|Current assets:|||
|Monetary funds|3,914,027.09|8,889,572.73|
|Tradable financial assets|||
|Financial assets measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial assets|||
|Note receivable|450,000.00||
|Account receivable|32,679,756.92|12,827,954.16|
|Receivable financing|||
|Accounts paid in advance|1,693,512.99|13,798,452.48|
|Other account receivable|794,803.74|380,925.78|
|Including: Interest receivable|||
|Dividend receivable|||
|Inventories|1,373,831.01||
|Contractual assets|||
|Assets held for sale|||
|Non-current assets maturing within|||
|one year|||
|Other current assets|5,120,447.47|2,130,677.11|
|Total current assets|46,026,379.22|38,027,582.26|
|Non-current assets:|||
|Debt investment|||
|Available-for-sale financial assets|||
|Other debt investment|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|10,379.73|10,379.73|
|Investment in other equity|||
|instrument|||
|Other non-current financial assets|||
|Investment real estate|||
|Fixed assets|3,879,544.33|2,995,407.48|
|Construction in progress|||
|Productive biological assets|||

||||
|-|-|-|
|Oil and natural gas assets|||
|Right-of-use assets|||
|Intangible assets|941,250.00|1,506,000.00|
|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|5,231,174.06|4,911,787.21|
|Total assets|51,257,553.28|42,939,369.47|
|Current liabilities:|||
|Short-term borrowings|||
|Tradable financial liability|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes payable|||
|Account payable|7,718,753.63||
|Accounts received in advance|2,936,517.50|327,632.18|
|Contractual liability|||
|Wage payable|498,844.68|151,598.60|
|Taxes payable|177,621.34|5,416,117.27|
|Other accounts payable|30,950,041.85|28,967,052.96|
|Including: Interest payable|||
|Dividend payable|||
|Liability held for sale|||
|Non-current liabilities due within|||
|one year|||
|Other current liabilities|||
|Total current liabilities|42,281,779.00|34,862,401.01|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||
|Including: preferred stock|||

||||
|-|-|-|
|Perpetual capital|||
|securities|||
|Lease liability|||
|Long-term account payable|||
|Long term employee compensation|||
|payable|||
|Accrued liabilities|||
|Deferred income|||
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|||
|Total liabilities|42,281,779.00|34,862,401.01|
|Owners’ equity:|||
|Share capital|551,347,947.00|551,347,947.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital|||
|securities|||
|Capital public reserve|627,834,297.85|627,834,297.85|
|Less: Inventory shares|||
|Other comprehensive income|||
|Special reserve|||
|Surplus reserve|32,673,227.01|32,673,227.01|
|Retained profit|-1,202,879,697.58|-1,203,778,503.40|
|Total owner’s equity|8,975,774.28|8,076,968.46|
|Total liabilities and owner’s equity|51,257,553.28|42,939,369.47|

 3. Consolidated Profit Statement (the period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|24,574,484.81|33,515,376.48|
|Including: Operating income|24,574,484.81|33,515,376.48|
|Interest income|||
|Insurance gained|||
|Commission charge and|||

||||
|-|-|-|
|commission income|||
|II. Total operating cost|23,520,413.16|32,908,232.08|
|Including: Operating cost|22,117,248.45|29,794,322.66|
|Interest expense|||
|Commission charge and|||
|commission expense|||
|Cash surrender value|||
|Net amount of expense of|||
|compensation|||
|Net amount of withdrawal of|||
|insurance contract reserve|||
|Bonus expense of guarantee slip|||
|Reinsurance expense|||
|Tax and extras|16,205.37|58,517.27|
|Sales expense|501,593.81|1,600,868.52|
|Administrative expense|903,784.92|1,495,548.79|
|R&D expense|||
|Financial expense|-18,419.39|-41,025.16|
|Including: Interest|||
|expenses|||
|Interest income|-21,353.21|-46,157.13|
|Add: other income|||
|Investment income (Loss is|||
|listed with “-”)|||
|Including: Investment income|||
|on affiliated company and joint venture|||
|The termination of income|||
|recognition for financial assets measured|||
|by amortized cost(Loss is listed with “-”)|||
|Exchange income (Loss is|||
|listed with “-”)|||
|Net exposure hedging income|||
|(Loss is listed with “-”)|||
|Income from change of fair|||
|value (Loss is listed with “-”)|||
|Loss of credit impairment|||
|(Loss is listed with “-”)|||

||||
|-|-|-|
|Losses of devaluation of asset|||
|||141,486.00|
|(Loss is listed with “-”)|||
|Income from assets disposal|||
|(Loss is listed with “-”)|||
|III. Operating profit (Loss is listed with|||
||1,054,071.65|748,630.40|
|“-”)|||
|Add: Non-operating income||134,302.20|
|Less: Non-operating expense|||
|IV. Total profit (Loss is listed with “-”)|1,054,071.65|882,932.60|
|Less: Income tax expense|4,239.24|138,597.70|
|V. Net profit (Net loss is listed with “-”)|1,049,832.41|744,334.90|
|(i) Classify by business continuity|||
|1.continuous operating net profit|||
||1,049,832.41|744,334.90|
|(net loss listed with ‘-”)|||
|2.termination of net profit (net loss|||
|listed with ‘-”)|||
|(ii) Classify by ownership|||
|1.Net profit attributable to owner’s|||
||1,040,149.76|530,513.93|
|of parent company|||
|2.Minority shareholders’ gains and|||
||9,682.65|213,820.97|
|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 of the defined|||
|benefit plans that re-measured|||
|2.Other comprehensive|||
|income under equity method that cannot|||
|be transfer to gain/loss|||
|3.Change of fair value of|||
|investment in other equity instrument|||
|4.Fair value change of|||
|enterprise's credit risk|||

||||
|-|-|-|
|5. Other|||
|(ii) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||
|1.Other comprehensive|||
|income under equity method that can|||
|transfer to gain/loss|||
|2.Change of fair value of|||
|other debt investment|||
|3.gain/loss of fair value|||
|changes for available-for-sale financial|||
|assets|||
|4.Amount of financial assets|||
|re-classify to other comprehensive|||
|income|||
|5.Gain/loss of|||
|held-to-maturity investments that|||
|re-classify to available-for-sale financial|||
|asset|||
|6.Credit impairment|||
|provision for other debt investment|||
|7.Cash flow hedging reserve|||
|8.Translation differences|||
|arising on translation of foreign currency|||
|financial statements|||
|9.Other|||
|Net after-tax of other comprehensive|||
|income attributable to minority|||
|shareholders|||
|VII. Total comprehensive income|1,049,832.41|744,334.90|
|Total comprehensive income|||
||1,040,149.76|530,513.93|
|attributable to owners of parent Company|||
|Total comprehensive income|||
||9,682.65|213,820.97|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.0019|0.0010|
|(ii) Diluted earnings per share|0.0019|0.0010|

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 charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: Zhong Xiaojin
4. Profit Statement of Parent Company (the period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|23,846,952.19|10,688,994.67|
|Less: Operating cost|21,876,322.80|9,514,999.72|
|Taxes and surcharge|14,493.03|6,781.40|
|Sales expenses|181,717.02|362,220.29|
|Administration expenses|760,518.90|924,928.15|
|R&D expenses|||
|Financial expenses|-7,895.71|-27,763.78|
|Including: interest|||
|expenses|||
|Interest income|-10,066.75|-29,407.01|
|Add: other income|||
|Investment income (Loss is|||
|listed with “-”)|||
|Including: Investment income|||
|on affiliated Company and joint venture|||
|The termination of|||
|income recognition for financial assets|||
|measured by amortized cost (Loss is|||
|listed with “-”)|||
|Net exposure hedging income|||
|(Loss is listed with “-”)|||
|Changing income of fair|||
|value (Loss is listed with “-”)|||
|Loss of credit impairment|||
|(Loss is listed with “-”)|||
|Losses of devaluation of asset|||
|(Loss is listed with “-”)|||
|Income on disposal of assets|||
|(Loss is listed with “-”)|||

||||
|-|-|-|
|II. Operating profit (Loss is listed with|||
||1,021,796.15|-92,171.11|
|“-”)|||
|Add: Non-operating income||134,302.20|
|Less: Non-operating expense|||
|III. Total Profit (Loss is listed with “-”)|1,021,796.15|42,131.09|
|Less: Income tax|4,239.24|10,532.77|
|IV. Net profit (Net loss is listed with|||
||1,017,556.91|31,598.32|
|“-”)|||
|(i)continuous operating net profit|||
||1,017,556.91|31,598.32|
|(net loss listed with ‘-”)|||
|(ii) termination of net profit (net|||
|loss listed with ‘-”)|||
|V. Net after-tax of other comprehensive|||
|income|||
|(I) Other comprehensive income|||
|items which will not be reclassified|||
|subsequently to profit of loss|||
|1.Changes of the defined|||
|benefit plans that re-measured|||
|2.Other comprehensive|||
|income under equity method that cannot|||
|be transfer to gain/loss|||
|3.Change of fair value of|||
|investment in other equity instrument|||
|4.Fair value change of|||
|enterprise's credit risk|||
|5. Other|||
|(II) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||
|1.Other comprehensive|||
|income under equity method that can|||
|transfer to gain/loss|||
|2.Change of fair value of|||
|other debt investment|||
|3.gain/loss of fair value|||
|changes for available-for-sale financial|||
|assets|||

||||
|-|-|-|
|4.Amount of financial|||
|assets re-classify to other|||
|comprehensive income|||
|5.Gain/loss of|||
|held-to-maturity investments that|||
|re-classify to available-for-sale|||
|financial asset|||
|6.Credit impairment|||
|provision for other debt investment|||
|7.Cash flow hedging|||
|reserve|||
|8.Translation differences|||
|arising on translation of foreign|||
|currency financial statements|||
|9.Other|||
|VI. Total comprehensive income|1,017,556.91|31,598.32|
|VII. Earnings per share:|||
|(i) Basic earnings per share|||
|(ii) Diluted earnings per share|||

5. Consolidated Profit Statement (form the year-begin to the period-end)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|62,848,917.83|101,250,275.83|
|Including: Operating income|62,848,917.83|101,250,275.83|
|Interest income|||
|Insurance gained|||
|Commission charge and|||
|commission income|||
|II. Total operating cost|63,061,170.36|99,952,848.12|
|Including: Operating cost|57,446,763.42|90,958,528.99|
|Interest expense|||
|Commission charge and|||
|commission expense|||
|Cash surrender value|||
|Net amount of expense of|||
|compensation|||

||||
|-|-|-|
|Net amount of withdrawal of|||
|insurance contract reserve|||
|Bonus expense of guarantee slip|||
|Reinsurance expense|||
|Tax and extras|52,793.14|134,255.02|
|Sales expense|2,377,317.42|4,356,796.05|
|Administrative expense|3,263,168.76|4,805,269.03|
|R&D expense|||
|Financial expense|-78,872.38|-302,000.97|
|Including: Interest|||
|expenses|||
|Interest income|-92,487.61|-318,843.06|
|Add: other income|||
|Investment income (Loss is|||
|listed with “-”)|||
|Including: Investment income|||
|on affiliated company and joint venture|||
|The termination of income|||
|recognition for financial assets measured|||
|by amortized cost(Loss is listed with “-”)|||
|Exchange income (Loss is|||
|listed with “-”)|||
|Net exposure hedging income|||
|(Loss is listed with “-”)|||
|Income from change of fair|||
|value (Loss is listed with “-”)|||
|Loss of credit impairment|||
||-17,479.82|134,266.80|
|(Loss is listed with “-”)|||
|Losses of devaluation of asset|||
||40,616.29||
|(Loss is listed with “-”)|||
|Income from assets disposal|||
|(Loss is listed with “-”)|||
|III. Operating profit (Loss is listed with|||
||-189,116.06|1,431,694.51|
|“-”)|||
|Add: Non-operating income|148,627.00|206,428.48|
|Less: Non-operating expense|50.00|30,140.00|
|IV. Total profit (Loss is listed with “-”)|-40,539.06|1,607,982.99|
|Less: Income tax expense|86.88|371,731.68|

||||
|-|-|-|
|V. Net profit (Net loss is listed with “-”)|-40,625.94|1,236,251.31|
|(i) Classify by business continuity|||
|1.continuous operating net profit|||
||-40,625.94|1,236,251.31|
|(net loss listed with ‘-”)|||
|2.termination of net profit (net loss|||
|listed with ‘-”)|||
|(ii) Classify by ownership|||
|1.Net profit attributable to owner’s|||
||241,203.59|1,084,675.99|
|of parent company|||
|2.Minority shareholders’ gains and|||
||-281,829.53|151,575.32|
|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 of the defined|||
|benefit plans that re-measured|||
|2.Other comprehensive|||
|income under equity method that cannot|||
|be transfer to gain/loss|||
|3.Change of fair value of|||
|investment in other equity instrument|||
|4.Fair value change of|||
|enterprise's credit risk|||
|5. Other|||
|(ii) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||
|1.Other comprehensive|||
|income under equity method that can|||
|transfer to gain/loss|||
|2.Change of fair value of|||
|other debt investment|||
|3.gain/loss of fair value|||
|changes for available-for-sale financial|||

||||
|-|-|-|
|assets|||
|4.Amount of financial assets|||
|re-classify to other comprehensive|||
|income|||
|5.Gain/loss of|||
|held-to-maturity investments that|||
|re-classify to available-for-sale financial|||
|asset|||
|6.Credit impairment|||
|provision for other debt investment|||
|7.Cash flow hedging reserve|||
|8.Translation differences|||
|arising on translation of foreign currency|||
|financial statements|||
|9.Other|||
|Net after-tax of other comprehensive|||
|income attributable to minority|||
|shareholders|||
|VII. Total comprehensive income|-40,625.94|1,236,251.31|
|Total comprehensive income|||
||241,203.59|1,084,675.99|
|attributable to owners of parent Company|||
|Total comprehensive income|||
||-281,829.53|151,575.32|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.0004|0.0020|
|(ii) Diluted earnings per share|0.0004|0.0020|

 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 charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: Zhong Xiaojin
6. Profit Statement of Parent Company (form the year-begin to the period-end)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|49,251,331.03|34,712,513.35|

||||
|-|-|-|
|Less: Operating cost|45,546,345.42|30,361,217.80|
|Taxes and surcharge|28,687.93|20,522.60|
|Sales expenses|421,822.61|639,048.04|
|Administration expenses|2,482,012.78|3,032,240.65|
|R&D expenses|||
|Financial expenses|-21,478.79|-110,767.09|
|Including: interest|||
|expenses|||
|Interest income|-28,564.59|-117,315.67|
|Add: other income|||
|Investment income (Loss is|||
|listed with “-”)|||
|Including: Investment income|||
|on affiliated Company and joint venture|||
|The termination of|||
|income recognition for financial assets|||
|measured by amortized cost (Loss is|||
|listed with “-”)|||
|Net exposure hedging income|||
|(Loss is listed with “-”)|||
|Changing income of fair|||
|value (Loss is listed with “-”)|||
|Loss of credit impairment|||
||-39,523.02|2,008.04|
|(Loss is listed with “-”)|||
|Losses of devaluation of asset|||
|(Loss is listed with “-”)|||
|Income on disposal of assets|||
|(Loss is listed with “-”)|||
|II. Operating profit (Loss is listed with|||
||754,418.06|772,259.39|
|“-”)|||
|Add: Non-operating income|148,627.00|202,407.61|
|Less: Non-operating expense|||
|III. Total Profit (Loss is listed with “-”)|903,045.06|974,667.00|
|Less: Income tax|4,239.24|243,666.75|
|IV. Net profit (Net loss is listed with|||
||898,805.82|731,000.25|
|“-”)|||
|(i)continuous operating net profit|||
||898,805.82|731,000.25|
|(net loss listed with ‘-”)|||

||
|-|
|(ii) termination of net profit (net|
|loss listed with ‘-”)|
|V. Net after-tax of other comprehensive|
|income|
|(I) Other comprehensive income|
|items which will not be reclassified|
|subsequently to profit of loss|
|1.Changes of the defined|
|benefit plans that re-measured|
|2.Other comprehensive|
|income under equity method that cannot|
|be transfer to gain/loss|
|3.Change of fair value of|
|investment in other equity instrument|
|4.Fair value change of|
|enterprise's credit risk|
|5. Other|
|(II) Other comprehensive income|
|items which will be reclassified|
|subsequently to profit or loss|
|1.Other comprehensive|
|income under equity method that can|
|transfer to gain/loss|
|2.Change of fair value of|
|other debt investment|
|3.gain/loss of fair value|
|changes for available-for-sale financial|
|assets|
|4.Amount of financial|
|assets re-classify to other|
|comprehensive income|
|5.Gain/loss of|
|held-to-maturity investments that|
|re-classify to available-for-sale|
|financial asset|
|6.Credit impairment|
|provision for other debt investment|
|7.Cash flow hedging|
|reserve|

||||
|-|-|-|
|8.Translation differences|||
|arising on translation of foreign|||
|currency financial statements|||
|9.Other|||
|VI. Total comprehensive income|898,805.82|731,000.25|
|VII. Earnings per share:|||
|(i) Basic earnings per share|||
|(ii) Diluted earnings per share|||

7. Consolidated Cash Flow Statement (form the year-begin to the period-end)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling|||
|commodities and providing labor|21,832,549.34|27,803,003.29|
|services|||
|Net increase of customer deposit|||
|and inter-bank deposit|||
|Net increase of loan from central|||
|bank|||
|Net increase of capital borrowed|||
|from other financial institution|||
|Cash received from original|||
|insurance contract fee|||
|Net cash received from reinsurance|||
|business|||
|Net increase of insured savings|||
|and investment|||
|Cash received from interest,|||
|commission charge and commission|||
|Net increase of capital borrowed|||
|Net increase of returned business|||
|capital|||
|Net cash received by agents in sale|||
|and purchase of securities|||
|Write-back of tax received|395,675.25|5,306.26|

||||
|-|-|-|
|Other cash received concerning|||
||6,635,811.81|3,457,816.24|
|operating activities|||
|Subtotal of cash inflow arising from|||
||28,864,036.40|31,266,125.79|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|17,969,329.91|17,197,123.51|
|service|||
|Net increase of customer loans and|||
|advances|||
|Net increase of deposits in central|||
|bank and inter-bank|||
|Cash paid for original insurance|||
|contract compensation|||
|Net increase of capital lent|||
|Cash paid for interest, commission|||
|charge and commission|||
|Cash paid for bonus of guarantee|||
|slip|||
|Cash paid to/for staff and workers|4,520,269.65|4,950,664.94|
|Taxes paid|5,591,830.87|2,100,451.20|
|Other cash paid concerning|||
||8,100,278.65|6,895,677.18|
|operating activities|||
|Subtotal of cash outflow arising from|||
||36,181,709.08|31,143,916.83|
|operating activities|||
|Net cash flows arising from operating|||
||-7,317,672.68|122,208.96|
|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,|||
||534,494.04|17,293.82|
|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|||
||534,494.04|17,293.82|
|activities|||
|Net cash flows arising from investing|||
||-534,494.04|-17,293.82|
|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|||
|Other cash received concerning|||
||4,033,436.90||
|financing activities|||
|Subtotal of cash inflow from financing|||
||4,033,436.90||
|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|||
||4,000,000.00||
|financing activities|||
|Subtotal of cash outflow from financing|||
||4,000,000.00||
|activities|||
|Net cash flows arising from financing|33,436.90||

||||
|-|-|-|
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|||
|exchange rate|||
|V. Net increase of cash and cash|||
||-7,818,729.82|104,915.14|
|equivalents|||
|Add: Balance of cash and cash|||
||16,488,886.26|19,177,276.18|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||8,670,156.44|19,282,191.32|
|equivalents at the period -end|||

8. Cash Flow Statement of Parent Company (form the year-begin to the period-end)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling|||
|commodities and providing labor|13,142,364.00|16,434.00|
|services|||
|Write-back of tax received|395,675.25|5,306.26|
|Other cash received concerning|||
||7,878,727.75|3,153,882.61|
|operating activities|||
|Subtotal of cash inflow arising from|||
||21,416,767.00|3,175,622.87|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|11,560,353.60|46,278.04|
|service|||
|Cash paid to/for staff and workers|2,793,627.51|2,152,516.83|
|Taxes paid|5,392,327.74|1,071,443.86|
|Other cash paid concerning|||
||6,111,509.75|6,396,936.25|
|operating activities|||
|Subtotal of cash outflow arising from|||
||25,857,818.60|9,667,174.98|
|operating activities|||
|Net cash flows arising from operating|||
||-4,441,051.60|-6,491,552.11|
|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,|||
||534,494.04|11,844.82|
|intangible and other long-term assets|||
|Cash paid for investment|||
|Net cash received from|||
|subsidiaries and other units obtained|||
|Other cash paid concerning|||
|investing activities|||
|Subtotal of cash outflow from investing|||
||534,494.04|11,844.82|
|activities|||
|Net cash flows arising from investing|||
||-534,494.04|-11,844.82|
|activities|||
|III. Cash flows arising from financing|||
|activities:|||
|Cash received from absorbing|||
|investment|||
|Cash received from loans|||
|Other cash received concerning|||
|financing activities|||
|Subtotal of cash inflow from financing|||
|activities|||
|Cash paid for settling debts|||
|Cash paid for dividend and profit|||
|distributing or interest paying|||
|Other cash paid concerning|||
|financing activities|||
|Subtotal of cash outflow from financing|||

||||
|-|-|-|
|activities|||
|Net cash flows arising from financing|||
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|||
|exchange rate|||
|V. Net increase of cash and cash|||
||-4,975,545.64|-6,503,396.93|
|equivalents|||
|Add: Balance of cash and cash|||
||8,889,572.73|15,398,405.80|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||3,914,027.09|8,895,008.87|
|equivalents at the period -end|||

II. Financial statement adjustment
1. Relevant items of the financial statement at beginning of the year when implementing the new financial instrument standards, new revenue standards or new leasing standards since 2019
□ Applicable√ Not applicable
2. Explanation on comparative data in the early stage of retroactive adjustment while implemented the new financial instrument standards or new leasing standards since 2019
□ Applicable√ Not applicable
III. Audit report
Whether the 3rd quarterly report has been audited or not
□Yes√ No
The 3rd quarterly report of the Company has not been audited.
Board of Directors of
Shenzhen China Bicycle Company (Holdings) Limited 29 October 2019