深中华B：2024年第一季度报告全文（英文版）

The First Quarterly Report of 2024 1 Stock code: 000017,200017 Notice No.: 2024-024 short form of the stock: Zhonghua-A, Zhonghua-B Shenzhen China Bicycle Company (Holdings) Co., Ltd. The First Quarterly Report of 2024 The Company and whole members of the BOD guarantee that the information disclosed is true, accurate and complete, and there are no any fictitious records, misleading statements or important omissions. Important content reminder: 1. Board of Directors, Board of Supervisory, all directors, supervisors and senior executives of Shenzhen China Bicycle Company (Holdings) Co., Ltd. (hereinafter referred to as the Company) 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. 2. Principal of the Company, Person in Charge of Accounting Works and Person in Charge of Accounting Organ (Accounting Principal) hereby confirm that the Financial Report of the First Quarterly Report is authentic, accurate and complete. 3.Whether the First Quarterly Report is audited □Yes No I. Main financial data (1) Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data or not □Yes No Current Period Same period of previous year Increase or decrease in the current Period compared with the same period of previous year (%) Operation revenue(RMB) 112,547,686.50151,527,917.92 -25.72% Net profit attributable to shareholders of the listed company (RMB) 3,215,826.192,848,657.7212.89% Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses(RMB) 2,769,381.123,066,157.71 -9.68% Net cash flow arising from operating activities(RMB) -29,196,176.31 -7,545,878.64 -286.92% Basic EPS(RMB/Share) 0.00470.004114.63% Diluted EPS(RMB/Share) 0.00470.004114.63% Weighted average ROE 1.04% 0.98% 0.06% End of current Period End f previous year Increase or decrease at end of the current Period compared with the end of previous year The First Quarterly Report of 2024 2 (%) Total assets(RMB) 356,300,830.00369,677,494.32 -3.62% Owners’ equity attributable to shareholders of listed company(RMB) 311,977,072.35308,761,246.161.04% (2) Items and amounts of non-recurring profit (gains)/losses Applicable □Not applicable In RMB Item Current amount Note Switch-back of provision of impairment of account receivable which are treated with separate depreciation test 14,512.00 Net amount of non-operating income and expense except the aforesaid items 581,891.14 Less :Influenced amount of income tax 148,875.19 Influenced amount of minor shareholders’ equity (after tax) 1,082.88 Total 446,445.07 -- Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses: □Applicable Not applicable The Company does not have other gain/loss items that qualified the definition of non-recurring profit (gains)/losses Explanation on those non-recurring gain/loss listed in the “Q&AAnnouncement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss □Applicable Not applicable The Company does not have the non-recurring gain/loss listed in the “Q&AAnnouncement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss (3) Particulars about changes in items of main accounting data and financial index and explanations of reasons Applicable □Not applicable In RMB Item Period-end/current period Period-begin/previous period Y-o-y changes (+,-) Cause of change Monetary fund 24,952,498.0954,148,674.40 -54% Payments and prepayments for purchases in the current period Accounts paid in advance 15,135,598.323,821,181.16296% The increase in prepayment for purchases during the current period Other current assets 2,118,284.9211,216,095.44 -81% Pending input tax received in the current periods Account payable 3,559,592.586,213,665.02 -43% Increase in accounts payable paid in the current period Taxes payable 2,364,830.5511,297,756.46 -79% The tax payable in the previous period paid in the current period Subtotal of cash in-flow arising from operation activity 97,755,220.34291,774,127.59 -66% Sales decreased in the current period Subtotal of cash out-flow arising from operation activity 126,951,396.65299,320,006.23 -58% Purchases decreased during the current period The First Quarterly Report of 2024 3 II. Shareholders (1) Total number of common shareholders and preference shareholders with voting rights recovered and top ten shareholders In Shares Total common shareholders at end of the Period 75,669 Total preferred shareholders with voting rights recovered at end of reporting period (if applicable) 0 Top ten shareholders（Excluding shares lent through refinancing) Full name of Shareholders Properties of shareholder Share proportion % Quantity Amount of tradable shares with Conditional held Pledging or freezing Status of the shares Quantity Wansheng Industrial Holdings (Shenzhen) Co., Ltd. Domestic non-state-owned legal person 20.00% 137,836,986137,836,986 Not applicable 0 Shenzhen Guosheng Energy Investment Development Co., Ltd. Domestic non-state-owned legal person 9.22% 63,508,747 0 Not applicable 0 UOBKay Hian (Hong Kong) Limited[Note 1] Foreign legal person 5.92% 40,817,329 0 Not applicable 0 Guosen Securities (HK) Brokerage Co., Ltd. Foreign legal person 3.04% 20,983,693 0 Not applicable 0 Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. Foreign legal person 1.20% 8,281,156 0 Not applicable 0 China Merchants Securities (HK) Co., Ltd Foreign legal person 0.77% 5,294,135 0 Not applicable 0 Li Huili Domestic nature person 0.56% 3,891,124 0 Not applicable 0 Li Cheng Domestic nature person 0.44% 3,000,084 0 Not applicable 0 Xu Hongbo Domestic nature person 0.43% 2,988,619 0 Not applicable 0 Yang Yaochu Domestic nature person 0.39% 2,665,686 0 Not applicable 0 Particular about top ten shareholders with un-restrict shares held Shareholders’ name Amount of un-restrict shares held at Period-end Type of shares Type Amount Shenzhen Guosheng Energy Investment Development Co., Ltd. 63,508,747 RMB common shares 63,508,74 7 UOBKay Hian (Hong Kong) Limited [Note 140,817,329 Domestically listed foreign shares 40,817,32 9 Guosen Securities (HK) Brokerage Co., Ltd.20,983,693 Domestica 20,983,69The First Quarterly Report of 2024 4 lly listed foreign shares 3 Shenwan Hongyuan Securities (Hong Kong) Co., Ltd. 8,281,156 Domestically listed foreign shares 8,281,156 China Merchants Securities (HK) Co., Ltd 5,294,135 Domestically listed foreign shares 5,294,135 Li Huili 3,891,124 Domestically listed foreign shares 3,891,124 Li Cheng 3,000,084 RMB common shares 3,000,084 Xu Hongbo 2,988,619 Domestically listed foreign shares 2,988,619 Yang Yaochu 2,665,686 Domestically listed foreign shares 2,665,686 Shenzhen China Bicycle Company (Holdings) Co., Ltd. -Special account for property disposal of bankrupt enterprise 2,602,402 RMB common shares 1,383,313 Domestically listed foreign shares 1,219,089 Explanation on associated relationship among the aforesaid shareholders Li Huili, spouse of Ji Hanfei, the actual controller of Shenzhen Guosheng Energy Investment Development Co., Ltd., holding B-share of the Company on behalf of Shenzhen Guosheng Energy Investment Development Co., Ltd., other than that, the Company does not know whether the other outstanding shareholders are related and whether the shareholders belong to persons acting in concert regulated in the Administration of Disclosure of Information on the Change of Shareholders in Listed Companies. Explanation on top 10 shareholders involving margin business (if any) (see note 4) N/A Note 1: UOBKay Hian (Hong Kong) Limited is licensed under the Securities and Futures Ordinance of Hong Kong to provide securities brokerage services to retail and institutional clients. Its main business is Hong Kong stock brokerage, and it also provides securities brokerage and services in various overseas markets. According to the email sent from UOBKay Hian (Hong Kong) Limited, as of March 31,2024, UOBKay Hian (Hong Kong) Limited held 40,817,329 shares of Shenzhen China B shares for three retail clients, and although the shareholding ratio has reached 5.92%, the single client does not exceed 5%, and the three retail clients are not acting in concert and do not hold Shenzhen China shares on other platforms. Information of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares participating in the lending of shares in securities lending and borrowing business □Applicable Not applicable The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared with the previous period due to the securities lending/returning, □Applicable Not applicable The First Quarterly Report of 2024 5 (2) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred stock held □Applicable Not applicable III. Important matters Applicable □Not applicable IV. Financial Statement (1) Financial statement 1. Consolidate Balance Sheet Prepared by Shenzhen China Bicycle Company (Holdings) Co., Ltd. 2024-03-31 In RMB Item Ending balance Opening balance Current assets: Monetary fund 24,952,498.0954,148,674.40 Settlement provisions Capital lent Trading financial assets Derivative financial assets Note receivable Account receivable 226,531,649.41196,293,133.00 Receivable financing Accounts paid in advance 15,135,598.323,821,181.16 Insurance receivable Reinsurance receivables Contract reserve of reinsurance receivable Other account receivable 12,968,108.5412,868,327.03 Receivable financing Accounts paid in advance Insurance receivable Inventory 65,540,187.4581,916,039.14 Including：Data resources Contractual assets Assets held for sale Non-current asset due within one year Other current assets 2,118,284.9211,216,095.44 Total current assets 347,246,326.73360,263,450.17 Non-current assets: Loans and payments on behalf Debt investment Other debt investment Long-term account receivable The First Quarterly Report of 2024 6 Long-term equity investment Investment in other equity instrument Other non-current financial assets Investment real estate Fixed assets 2,261,313.232,288,610.10 Construction in progress Productive biological asset Oil and gas asset Right-of-use assets 1,602,591.031,816,269.83 Intangible assets Including：Data resources Expense on Research and Development Including：Data resources Goodwill Long-term expenses to be apportioned Deferred income tax asset 4,790,599.014,909,164.22 Other non-current assets 400,000.00400,000.00 Total non-current assets 9,054,503.279,414,044.15 Total assets 356,300,830.00369,677,494.32 Current liabilities: Short-term loans Loan from central bank Capital borrowed Trading financial liability Derivative financial liability Note payable Account payable 3,559,592.586,213,665.02 Accounts received in advance Contractual liability 958,302.97633,114.64 Selling financial asset of repurchase Absorbing deposit and interbank deposit Security trading of agency Security sales of agency Wage payable 922,710.691,149,151.81 Taxes payable 2,364,830.5511,297,756.46 Other account payable 34,264,947.8439,034,314.13 Including: Interest payable Dividend payable Commission charge and commission payable Reinsurance payable Liability held for sale Non-current liabilities due within one year 860,406.31847,403.05 The First Quarterly Report of 2024 7 Other current liabilities 1,150.4482,304.90 Total current liabilities 42,931,941.3859,257,710.01 Non-current liabilities: Insurance contract reserve Long-term loans Bonds payable Including: Preferred stock Perpetual bonds Lease liability 798,633.041,018,630.12 Long-term account payable Long-term wages payable Accrual liability Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities 798,633.041,018,630.12 Total liabilities 43,730,574.4260,276,340.13 Owner’s equity: Share capital 689,184,933.00689,184,933.00 Other equity instrument Including: Preferred stock Perpetual bonds Capital public reserve 779,554,450.36779,554,450.36 Less: Inventory shares Other comprehensive income Reasonable reserve Surplus public reserve 32,673,227.0132,673,227.01 Provision of general risk Retained profit -1,189,435,538.02 -1,192,651,364.21 Total owner’ s equity attributable to parent company 311,977,072.35308,761,246.16 Minority interests 593,183.23639,908.03 Total owner’ s equity 312,570,255.58309,401,154.19 Total liabilities and owner’ s equity 356,300,830.00369,677,494.32 Legal Representative: Wang Shenghong Person in charge of Accounting Works: Sun Longlong Person in charge of Accounting Institution: She Hanxing 2. Consolidated Profit Statement In RMB Item Current period incurred Prior period incurred I. Total operation revenue 112,547,686.50151,527,917.92 Including: Operation revenue 112,547,686.50151,527,917.92 Interest income Insurance gained Commission charge and commission income II. Total operation cost 109,260,842.04147,176,272.40 Including: Operation cost 106,582,652.81143,175,923.57 Interest expense The First Quarterly Report of 2024 8 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 surcharge 64,008.90106,685.88 Sales expenses 727,936.321,013,451.89 Administrative expenses 1,789,717.652,378,689.86 R&D expenses 106,484.06529,106.67 Financial expenses -9,957.70 -27,585.47 Including: Interest expenses 13,483.96 Interest income 30,528.7134,411.47 Add: Other income 2,092.35 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 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 “-”) 483,302.05331,910.63 Impairment loss on assets(Loss is listed with “-”) Income from assets disposal (Loss is listed with “-”) III. Operation profit (Loss is listed with “-”) 3,770,146.514,685,648.50 Add: Non-operating income 641,830.65560,000.01 Less: Non-operating expense 59,939.51850,000.00 IV. Total profit (Loss is listed with “-”) 4,352,037.654,395,648.51 Less: Income tax expense 1,182,936.26834,548.55 V. Net profit (Net loss is listed with “-”) 3,169,101.393,561,099.96 (i) Classify by business continuity 1.Continuous operating net profit (net loss listed with ‘-”) 3,169,101.393,561,099.96 2.Termination of net profit (net loss listed with ‘-”) (ii) Classify by ownership 1.Net profit attributable to shareholders of parent company 3,215,826.192,848,657.72 2.Minority shareholders’ gains and losses -46,724.80712,442.24 VI. Net other comprehensive income after taxation Net other comprehensive income attributable to owners of parent company after taxation (i) Other comprehensive income items which will not be reclassified subsequently to profit of loss 1.Changes of the defined benefit plans that re- The First Quarterly Report of 2024 9 measured 2.Other comprehensive income under equity method that cannot be transfer to gain/loss 3.Change of fair value of investment in other equity instrument 4.Fair value change of enterprise's credit risk 5. Other (ii) Other comprehensive income items which will be reclassified subsequently to profit or loss 1.Other comprehensive income under equity method that can transfer to gain/loss 2.Change of fair value of other debt investment 3.Amount of financial assets re-classify to other comprehensive income 4.Credit impairment provision for other debt investment 5.Cash flow hedging reserve 6.Translation differences arising on translation of foreign currency financial statements 7.Other Net other comprehensive income attributable to minority shareholders after taxation VII. Total comprehensive income 3,169,101.393,561,099.96 Total comprehensive income attributable to owners of parent Company 3,215,826.192,848,657.72 Total comprehensive income attributable to minority shareholders -46,724.80712,442.24 VIII. Earnings per share: (i)Basic EPS 0.00470.0041 (ii)Diluted EPS 0.00470.0041 As for the enterprise combined under the same control, net profit of 0 Yuan achieved by the merged party before combination while 0 Yuan achieved last period. Legal Representative: Wang Shenghong Person in charge of Accounting Works: Sun Longlong Person in charge of Accounting Institution: She Hanxing 3. Consolidated Cash Flow Statement In RMB Item Current period incurred Prior period incurred I. Cash flows arising from operating activities: Cash received from selling commodities and providing labor services 97,006,776.77282,900,383.10 Net increase of customer deposit and interbank deposit Net increase of loan from central bank Net increase of capital borrowed from other financial institution Cash received from original insurance contract fee Net cash received from reinsurance business Net increase of insured savings and investment Cash received from interest, commission charge and commission The First Quarterly Report of 2024 10 Net increase of capital borrowed Net increase of capital from repurchase business Net cash received by agents in sale and purchase of securities Write-back of tax received 2,217.90 Other cash received concerning operating activities 748,443.578,871,526.59 Subtotal of cash in-flow arising from operation activity 97,755,220.34291,774,127.59 Cash paid for purchasing commodities and receiving labor service 119,791,129.51293,494,756.99 Net increase of customer loans and advances Net increase of deposits in central bank and interbank Cash paid for original insurance contract compensation Net increase of capital lent Cash paid for interest, handling charge and commission Cash paid for bonus of guarantee slip Cash paid to/for staff 2,057,290.81960,468.61 Taxes paid 3,409,230.561,600,617.38 Other cash paid concerning operating activities 1,693,745.773,264,163.25 Subtotal of cash out-flow arising from operation activity 126,951,396.65299,320,006.23 Net cash flow arising from operating activities -29,196,176.31 -7,545,878.64 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 in-flow arising from investment activity 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 out-flow arising from investment activity Net cash flow arising from investment activities The First Quarterly Report of 2024 11 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 financing activities Subtotal of cash in-flow arising from financing activity 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 out-flow arising from financing activity Net cash flow arising from financing activities IV. Influence on cash and cash equivalents due to fluctuation in exchange rate V. Net increased amount of cash and cash equivalent -29,196,176.31 -7,545,878.64 Add: Balance of cash and cash equivalents at the period -begin 54,148,674.4050,922,869.35 VI. Balance of cash and cash equivalents at the period -end 24,952,498.0943,376,990.71 （ii）The Company started implementing the updated accounting standards commencing from 2024 and adjusted the relevant items in the financial statements at the beginning of the very year involved in the initial implementation of the said standards □Applicable Not applicable (iii) Auditors 'Report Is the First Quarterly Report be audited □ Yes √No The First Quarterly report is not audited. Board of Directors of Shenzhen China Bicycle Company (Holdings)Co., Ltd. April 26,2024 I. Main financial data (1) Main accounting data and financial indexes (2) Items and amounts of non-recurring profit (gains)/losses (3) Particulars about changes in items of main accounting data and financial index and explanations of reasons II. Shareholders (1) Total number of common shareholders and preference shareholders with voting rights recovered and top ten shareholders (2) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred stock held III. Important matters IV. Financial Statement (1) Financial statement 1. Consolidate Balance Sheet 2. Consolidated Profit Statement 3. Consolidated Cash Flow Statement