Summary of Annual Report 2025
Shenzhen China Bicycle Company (Holdings) Co., Ltd.
Summary of Annual Report 2025
I. Important Notice
The summary is abstract from full-text of annual report, for more details of operating results, financial condition
and future development plan of the Company; investors should found in the full-text of annual report that
published on media appointed by CSRC.
All directors are attended the Board Meeting for Report deliberation.
Tips for non-standard audit opinion
□Applicable ?Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the
Board in the reporting period
□Applicable ?Not applicable
The Company plans not to distribute cash dividends, not to send bonus shares and no reserve capitalizing.
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□Applicable ?Not applicable
As of the end of the reporting period, the parent company had unabsorbed losses
?Applicable□ Not applicable
As of the end of the reporting period, the parent company has unabsorbed losses . The undistributed profits in the
parent company's balance sheet amount to -1,172,002,115.27 yuan, and the undistributed profits in the
consolidated balance sheet amount to -1,134,676,946.45 yuan. According to the Company's articles of association
and cash dividend policy, the conditions for profit distribution are not met. Therefore, the Company's profits for
II. Company information
Zhonghua A,
Short form of the stock Stock Code 000017,200017
Zhonghua B
Stock Exchange for listing Shenzhen Stock Exchange
Short form of the Stock before changed (if applicable) N/A
Person/Way to contact Secretary of the Board Rep. of security affairs
Name Sun Longlong Yu Xiaomin, Zhong
Summary of Annual Report 2025
Xiaojin
Building, No.89 Beili Building, No.89 Beili
Offices add.
North Road, Cuizhu Street, North Road, Cuizhu Street,
Luohu District, Shenzhen Luohu District, Shenzhen
Fax. 0755-28181009 0755-28181009
Tel. 0755-28181688 0755-28181688
E-mail dmc@szcbc.com dmc@szcbc.com
During the reporting period, the company mainly engaged in jewelry gold business, bicycle and new-
energy lithium battery material business: (1) Gold jewelry business -The company connected with downstream
gold jewelry brands, purchased gold, silver and diamonds according to their product needs, and then entrusted
gold jewelry processing plants for processing, and delivered the inspected and qualified finished products to
downstream customers after making product certificate for them. Through the integration of upstream supplier
resources and downstream customer resources, the turnover speed of gold jewelry products in upstream and
downstream has been improved, the cost of circulation has been reduced, and the overall competitive advantage
of upstream and downstream has formed.(2) Bicycle and new-energy lithium battery material business includes
production, assembly, procurement, and sales of bicycles and electric bicycles, etc.
(1) Main accounting data and financial indexes for recently three years
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not
□Yes ?No
In RMB
Changes at end of the
current year compared
Year-end of 2025 Year-end of 2024 Year-end of 2023
with the end of
previous year (+,-)
Total assets(RMB) 478,004,242.28 434,452,097.75 10.02% 369,677,494.32
Net assets attributable
to shareholder of listed 384,260,187.21 343,761,246.16 11.78% 308,761,246.16
company (RMB)
Changes in the current
year (+,-)
Operation
revenue(RMB)
Net profit attributable
to shareholders of the 41,129,172.17 16,845,245.59 144.16% 17,901,948.24
listed company (RMB)
Summary of Annual Report 2025
Net profit attributable
to shareholders of the
listed company after
deducting non-
recurring gains and
losses(RMB)
Net cash flow arising
from operating -19,515,276.55 -17,152,733.19 -13.77% 29,972,830.62
activities(RMB)
Basic
EPS(RMB/Share)
Diluted
EPS(RMB/Share)
Weighted average ROE 11.30% 5.31% 5.99% 6.22%
（2）Quarterly main financial index
In RMB
Q1 Q2 Q3 Q4
Operation revenue 160,342,458.39 159,601,158.24 257,730,546.79 158,203,105.33
Net profit attributable
to shareholders of the 5,904,967.75 12,665,809.89 12,366,492.72 10,191,901.81
listed company
Net profit attributable
to shareholders of the
listed company after
deducting non-
recurring gains and
losses
Net cash flow arising
from operating -44,880,425.54 6,377,003.05 -16,510,066.85 35,498,212.79
activities
Whether there are significant differences between the above-mentioned financial index or its total number and
the relevant financial index disclosed in the company’s quarterly report and semi-annual report
□Yes ?No
(1) Particulars about common stock shareholders, preference shareholders with voting rights recovered
and top ten shareholders
In RMB
Total
Total preferred
Total common preferred
shareholders with
shareholders shareholders
Total common voting rights
at end of last with voting
shareholders at end 48,682 46,956 0 recovered at end of 0
month before rights
of the Period last month before
annual report recovered at
annual report
disclosed end of
disclosed
reporting
Summary of Annual Report 2025
period
Top ten shareholders（Excluding shares lent through refinancing)
Information of shares
Amount of
Name of Nature of Proportion of pledged, tagged or frozen
Amount of shares held restricted shares
Shareholders shareholder shares held State of
held Amount
share
Wansheng Industrial Domestic
Holdings non-state- Not
(Shenzhen) Co., owned legal applicable
Ltd. person
Shenzhen Guosheng Domestic
Energy Investment non-state-
Development Co., owned legal
Ltd. person
UOB Kay Hian
Foreign Not
(Hong Kong) 5.92% 40,817,329 0 0
legal person applicable
Limited
China Merchants
Foreign Not
Securities (HK) Co., 3.83% 26,425,174 0 0
legal person applicable
Ltd
Guosen Securities
Foreign Not
(HK) Brokerage 3.04% 20,983,693 0 0
legal person applicable
Co., Ltd.
Shenwan Hongyuan
Foreign Not
Securities (Hong 1.20% 8,279,256 0 0
legal person applicable
Kong) Co., Ltd.
Domestic
Not
Li Huili nature 0.56% 3,891,124 0 0
applicable
person
BARCLAYS Foreign Not
BANK PLC legal person applicable
Goldman Sachs
Foreign Not
International － 0.51% 3,528,234 0 0
legal person applicable
Self-fund
China Agricultural
Bank Co., Ltd.－
Yongying CSI
SHSZHK Gold
Not
Industry Stock Other 0.50% 3,460,000 0 0
applicable
Exchange-Trading
Open-Ended Index
Securities
Investment Fund
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
Explanation on associated Shenzhen Guosheng Energy Investment Development Co., Ltd., other than that, the
relationship among the aforesaid Company does not know whether the other outstanding shareholders are related and
shareholders 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 involving margin
N/A
business (if applicable)
Note 1： UOB Kay Hian (Hong Kong) Limited is a licensed corporation under the Hong Kong Securities and Futures Ordinance,
providing securities brokerage services to retail and institutional clients. Its main business is brokerage of Hong Kong stocks, and
it also provides securities brokerage and services in overseas markets. According to the email sent by UOB Kay Hian (Hong
Kong) Limited, as of December 31, 2025, UOB Kay Hian (Hong Kong) Limited held 40,817,329 B shares of Shenshen China
Summary of Annual Report 2025
Bicycle for three retail customers. Although the shareholding ratio has reached 5.92%, that of a single customer did not exceed
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 of shares in securities lending and borrowing
business
□ Applicable √ Not applicable
(2) Total preferred stock shareholders of the Company and shares held by top ten shareholders with
preferred stock held
□Applicable ?Not applicable
The Company had no shareholders with preferred stock held in the reporting.
(3) Property right and controlling relationships between the actual controllers of the Company and the
Company is as follows:
□Applicable ?Not applicable
III. Important matters
Association
On December 3 and December 19, 2025, the Company held the 22nd (extraordinary) meeting of the 11th Board
of Directors and the first extraordinary general meeting of shareholders in 2025 respectively, in which the
Summary of Annual Report 2025
proposals regarding the adjustment of the Company's organizational structure, the amendment of the Articles of
Association, and the revision of other related systems were reviewed and approved. In accordance with the
requirements of The Company Law, the "Transitional Arrangements for the Implementation of Supporting
System Rules of the New Company Law," the Guidelines for Articles of Association of Listed Companies, the
Shenzhen Stock Exchange Listing Rules, and the Shenzhen Stock Exchange's Self-Regulatory Guidelines No. 1
– Standardized Operations of Main Board Listed Companies, and in consideration of the Company's actual
situation, the Company decided that the Audit Committee would exercise the powers of the Supervisory Board
as stipulated by The Company Law, and adjustments would be made to the organizational structure. Meanwhile,
the relevant provisions of the Articles of Association and the corresponding systems were amended. For details,
please refer to the relevant announcements disclosed by the Company on Cninfo website on December 4 and
December 20, 2025.
According to the "Cooperation Agreement" signed by the Company with Wansheng Industry and Guosheng
Energy on December 14, 2020, and the unqualified audit report with report No. 25016130011(2026)Huaxing
Audit-issued by Huaxing Certified Public Accountants (LLP) on April 17, 2026, the net profit attributable to the
owners of the parent company of Shenzhen China Bicycle for the year 2025 was RMB 41.1292 million, which
exceeded the performance commitment of RMB 40.00 million. The performance commitment completion rate
was 102.82%, and Wansheng Industry has fulfilled the 2025 performance commitment target. For details,
please refer to the Company's announcement titled "Announcement on the Completion of the 2025 Performance
Commitment of Wansheng Industry Holdings (Shenzhen) Co., Ltd." disclosed on Cninfo website on April 21,
Given that Wansheng Industrial has fulfilled the performance commitment (including performance
compensation) under the "Cooperation Agreement," as of the date of this announcement, Wansheng Industrial's
voluntary commitment made in November 2025 not to reduce its shareholding has been fully performed. For
details, please refer to the "Announcement on the Voluntary Commitment of the Controlling Shareholder Not to
Reduce the Company's Shares" disclosed by the Company on Cninfo website on November 5, 2025.
According to the approval from the China Securities Regulatory Commission on 'Approval for the Non-
Public Issuance of Shares by Shenzhen China Bicycle (Group) Co., Ltd.' (No. 3552[2021]CSRC 'Approval), the
Company non-publicly issued 137,836,986 RMB ordinary shares to Wansheng Industrial, with a lock-upperiod
of 36 months from the listing date of the issued shares. The restricted shares from this issuance were lifted for
trading on November 7, 2025. For details, please refer to the Company's Prompting Announcement on the
Lifting of Lock-Up and Circulation of Non-Publicly Issued Shares' disclosed on November 5, 2025.
In late November 2025, the Company received a notification from Guosheng Energy, a shareholder holding
more than 5% of the Company’s shares, informing that it had completed the pledge procedures for its shares in
the Company at the Shenzhen Branch of Shanghai Pudong Development Bank Co., Ltd. For details, please refer
to the Company’s "Announcement on the Pledge of Shares by the Shareholder Holding More than 5% shares of
the Company" disclosed on Cninfo website on November 27, 2025. During the current reporting period, the
contract has been normally fulfilled.
The Board of Directors of Shenzhen China Bicycle Company (Holdings) Co., Ltd.
April 17,2026
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