The First Quarterly Report of 2026
Stock code: 000017, 200017 Short form of the stock: Zhonghua-A, Zhonghua-B
Notice No.: 2026-013
Shenzhen China Bicycle Company (Holdings) Co., Ltd.
The First Quarterly Report of 2026
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:
report is true, accurate and complete without false records, misleading statements or material omissions, and
will undertake individual and joint legal liabilities.
(Accounting Principal) hereby confirm that the Financial Report of the First Quarterly Report is authentic,
accurate and complete.
□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
Increase or decrease in the
current Period compared with
Current Period Same period of previous year
the same period of previous
year (%)
Operation revenue(RMB) 132,098,160.77 160,342,458.39 -17.61%
Net profit attributable to
shareholders of the listed 6,115,610.10 5,904,967.75 3.57%
company (RMB)
Net profit attributable to
shareholders of the listed
company after deducting non- 4,590,158.18 5,368,618.84 -14.50%
recurring gains and
losses(RMB)
Net cash flow arising from
-43,013,380.86 -44,880,425.54 4.16%
operating activities(RMB)
Basic EPS(RMB/Share) 0.0089 0.0086 3.49%
Diluted EPS(RMB/Share) 0.0089 0.0086 3.49%
Weighted average ROE 1.58% 1.70% -0.12%
Increase or decrease at end of
End of current Period End f previous year
the current Period compared
The First Quarterly Report of 2026
with the end of previous year
(%)
Total assets(RMB) 499,060,896.05 478,004,242.28 4.41%
Owners’ equity attributable to
shareholders of listed 390,344,696.66 384,260,187.21 1.58%
company(RMB)
(2) Items and amounts of non-recurring profit (gains)/losses
?Applicable □Not applicable
In RMB
Item Current amount Note
Non-current asset disposal
gain/loss(including the write-off part for
-74,667.40
which assets impairment provision is
made)
Switch-back of provision of impairment
of account receivable which are treated 3,000.00
with separate depreciation test
Net amount of non-operating income and
expense except the aforesaid items
Less :Influenced amount of income tax 523,980.40
Influenced amount of minor
-16,618.43
shareholders’ equity (after tax)
Total 1,525,451.92 --
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&A Announcement 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&A Announcement 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
Period-end/current Period-begin/previous
Item Y-o-y changes (+,-) Cause of change
period period
The increase of goods stock
Monetary fund 47,622,121.68 75,474,633.65 -36.90%
preparation in the current period
The increase of input tax to be
Other current assets 5,947,644.99 372,060.27 1498.57%
certified in the current period
New short-term borrowings in the
Short-term borrowings 33,300,000.00 23,450,000.00 42.00%
current period
Absorb the investment funds of
Minority shareholders’
equity
current period
Subtotal of cash in-flow
Higher accounts collection in the
arising from operation 156,331,060.32 319,260,863.87 -51.03%
prior period
activity
Subtotal of cash out-flow
Higher purchase expenditure for
arising from operation 199,344,441.18 364,141,289.41 -45.26%
last-period inventory preparation.
activity
The First Quarterly Report of 2026
Absorb the investment funds of
Net cash flow generated
by financing
current period
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 Total preferred shareholders with voting rights
Period recovered at end of reporting period (if applicable)
Top ten shareholders（Excluding shares lent through refinancing)
Amount of Pledging or freezing
tradable shares
Properties Share
Full name of Shareholders of proporti Quantity with Status of the
shareholder on % Quantity
shares
Conditional
held
Domestic
Wansheng Industrial
non-state-
Holdings (Shenzhen) Co., 20.00% 137,836,986 0 Not applicable 0
owned legal
Ltd.
person
Domestic
Shenzhen Guosheng
non-state-
Energy Investment 9.22% 63,508,747 0 Pledge 63,508,747
owned legal
Development Co., Ltd.
person
UOB Kay Hian (Hong Foreign
Kong) Limited(Note 1) legal person
China Merchants Foreign
Securities (HK) Co., Ltd legal person
Guosen Securities (HK) Foreign
Brokerage Co., Ltd. legal person
Funde Property &
Casualty Insurance Co., Other 2.78% 19,186,200 0 Not applicable 0
Ltd.－Self fund
Shenwan Hongyuan
Foreign
Securities (Hong Kong) 1.20% 8,279,256 0 Not applicable 0
legal person
Co., Ltd.
Domestic
Li Huili nature 0.56% 3,891,124 0 Not applicable 0
person
China Agricultural Bank
Co., Ltd.－Yongying CSI
SHSZHK Gold Industry
Stock Exchange-Trading Other 0.47% 3,216,200 0 Not applicable 0
Open-Ended Index
Securities Investment
Fund
Goldman Sachs Foreign
International －Self-fund legal person
Shares held by the Top 10 Shareholders of Non-restricted shares(Excluding shares lent through refinancing and
Top management lock-in stock)
Amount of un-restrict shares held at Period- Type of shares
Shareholders’ name
end Type Amount
The First Quarterly Report of 2026
Wansheng Industrial Holdings RMB common
(Shenzhen) Co., Ltd. shares
Shenzhen Guosheng Energy Investment RMB common
Development Co., Ltd. shares
Domestically
UOB Kay Hian (Hong Kong) Limited 40,817,329 listed foreign 40,817,329
shares
Domestically
China Merchants Securities (HK) Co.,
Ltd
shares
Domestically
Guosen Securities (HK) Brokerage Co.,
Ltd.
shares
Funde Property & Casualty Insurance RMB common
Co., Ltd.－Self fund shares
Domestically
Shenwan Hongyuan Securities (Hong
Kong) Co., Ltd.
shares
Domestically
Li Huili 3,891,124 listed foreign 3,891,124
shares
China Agricultural Bank Co., Ltd.－
Yongying CSI SHSZHK Gold Industry RMB common
Stock Exchange-Trading Open-Ended shares
Index Securities Investment Fund
RMB common
Goldman Sachs International －Self-fund 3,022,574 3,022,574
shares
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
Explanation on associated relationship among the Development Co., Ltd., other than that, the Company does not know
aforesaid shareholders 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
N/A
business (if any) (see note 4)
Note 1: UOB Kay 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 UOB Kay Hian (Hong
Kong) Limited, as of March 31, 2026, UOB Kay 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
(2) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□Applicable ?Not applicable
The First Quarterly Report of 2026
III. Important matters
□Applicable ?Not applicable
IV. Financial Statement
(i) Financial statement
Prepared by Shenzhen China Bicycle Company (Holdings) Co., Ltd.
March 31, 2026
In RMB
Item Ending balance Opening balance
Current assets:
Monetary fund 47,622,121.68 75,474,633.65
Settlement provisions
Capital lent
Trading financial assets
Derivative financial assets
Note receivable
Account receivable 198,993,085.99 204,782,335.88
Receivable financing
Accounts paid in advance 972,171.05 1,095,681.96
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Other account receivable 1,022,141.55 818,967.94
Receivable financing
Accounts paid in advance
Insurance receivable
Inventory 233,239,920.49 184,690,307.34
Including：Data resources
Contractual assets
Assets held for sale
Non-current asset due within one year
Other current assets 5,947,644.99 372,060.27
Total current assets 487,797,085.75 467,233,987.04
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable
Long-term equity investment 325.34
Investment in other equity instrument
Other non-current financial assets
Investment real estate
The First Quarterly Report of 2026
Fixed assets 2,702,875.84 2,792,361.64
Construction in progress
Productive biological asset
Oil and gas asset
Right-of-use assets 2,417,077.02 2,299,304.81
Intangible assets
Including：Data resources
Expense on Research and
Development
Including：Data resources
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset 6,143,857.44 5,678,263.45
Other non-current assets
Total non-current assets 11,263,810.30 10,770,255.24
Total assets 499,060,896.05 478,004,242.28
Current liabilities:
Short-term loans 33,300,000.00 23,450,000.00
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 6,917,373.98 3,367,256.93
Accounts received in advance
Contractual liability 33,531.48 67,520.83
Selling financial asset of repurchase
Absorbing deposit and interbank deposit
Security trading of agency
Security sales of agency
Wage payable 1,530,065.56 1,428,188.47
Taxes payable 6,462,861.54 9,443,636.36
Other account payable 42,560,579.27 43,263,973.18
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 8,777.82
Total current liabilities 92,251,995.98 82,462,240.05
Non-current liabilities:
The First Quarterly Report of 2026
Insurance contract reserve
Long-term loans
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liability 1,344,833.58 1,662,092.35
Long-term account payable
Long-term wages payable
Accrual liability
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 1,344,833.58 1,662,092.35
Total liabilities 93,596,829.56 84,124,332.40
Owner’s equity:
Share capital 689,184,933.00 689,184,933.00
Other equity instrument
Including: Preferred stock
Perpetual bonds
Capital public reserve 797,709,204.77 797,709,204.77
Less: Inventory shares
Other comprehensive income -661,331.77 -630,231.12
Reasonable reserve
Surplus public reserve 32,673,227.01 32,673,227.01
Provision of general risk
Retained profit -1,128,561,336.35 -1,134,676,946.45
Total owner’ s equity attributable to
parent company
Minority interests 15,119,369.83 9,619,722.67
Total owner’ s equity 405,464,066.49 393,879,909.88
Total liabilities and owner’ s equity 499,060,896.05 478,004,242.28
Legal Representative: Wang Shenghong Person in charge of Accounting Works: Sun Longlong
Person in charge of Accounting Institution: Tan Ningjie
In RMB
Item Current period incurred Prior period incurred
I. Total operating revenue 132,098,160.77 160,342,458.39
Including: Operating revenue 132,098,160.77 160,342,458.39
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 123,377,844.41 152,887,643.75
Including: Operating cost 117,910,835.38 147,623,507.94
Interest expense
Commission charge and commission expense
Cash surrender value
Net amount of expense of compensation
The First Quarterly Report of 2026
Net amount of withdrawal of insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and surcharge 34,861.87 169,706.47
Sales expenses 2,097,839.77 2,072,718.90
Administrative expenses 2,845,965.64 2,697,899.56
R&D expenses 263,092.15 199,381.38
Financial expenses 225,249.60 124,429.50
Including: Interest expenses 201,258.91 82,884.44
Interest income 3,599.95 2,622.44
Add: Other income
Investment income (Loss is listed with “-”) -74,667.40
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 “-”) 5.09 -21.25
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 “-”) 581,128.69 -663,598.66
Impairment loss on assets(Loss is listed with “-”) -3,173,919.74
Income from assets disposal (Loss is listed with “-”)
III. Operation profit (Loss is listed with “-”) 6,052,863.00 6,791,194.73
Add: Non-operating income 2,117,041.21 691,227.01
Less: Non-operating expense 12,559.92 641.04
IV. Total profit (Loss is listed with “-”) 8,157,344.29 7,481,780.70
Less: Income tax expense 2,067,064.58 1,518,669.02
V. Net profit (Net loss is listed with “-”) 6,090,279.71 5,963,111.68
(i) Classify by business continuity
(ii) Classify by ownership
company
VI. Net other comprehensive income after taxation -31,100.65
Net other comprehensive income attributable to owners
-31,100.65
of parent company after taxation
(i) Other comprehensive income items which will not be
reclassified subsequently to profit of loss
cannot be transfer to gain/loss
instrument
The First Quarterly Report of 2026
(ii) Other comprehensive income items which will be
-31,100.65
reclassified subsequently to profit or loss
can transfer to gain/loss
comprehensive income
-31,100.65
currency financial statements
Net other comprehensive income attributable to minority
shareholders after taxation
VII. Total comprehensive income 6,059,179.06 5,963,111.68
Total comprehensive income attributable to owners of
parent Company
Total comprehensive income attributable to minority
-25,330.39 58,143.93
shareholders
VIII. Earnings per share:
(i)Basic EPS 0.0089 0.0086
(ii)Diluted EPS 0.0089 0.0086
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: Tan Ningjie
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
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
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
Other cash received concerning
operating activities
The First Quarterly Report of 2026
Subtotal of cash in-flow arising from
operation activity
Cash paid for purchasing commodities
and receiving labor service
Net increase of customer loans and
advances
Net increase of deposits in central bank
and interbank
Cash paid for original insurance contract
compensation
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 2,690,806.49 2,537,651.89
Taxes paid 4,187,063.53 3,786,492.01
Other cash paid concerning operating
activities
Subtotal of cash out-flow arising from
operation activity
Net cash flow arising from operating
-43,013,380.86 -44,880,425.54
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 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
-17,723.78 -10,358.00
activities
III. Cash flows arising from financing
activities:
Cash received from absorbing
investment
Including: Cash received from
absorbing minority shareholders’ 14,700,000.00
investment by subsidiaries
Cash received from loans 10,000,000.00
The First Quarterly Report of 2026
Other cash received concerning
financing activities
Subtotal of cash in-flow arising from
financing activity
Cash paid for settling debts 150,000.00 300,000.00
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 5.10 -193,038.59
exchange rate
V. Net increased amount of cash and cash
-27,852,511.97 -45,383,822.13
equivalent
Add: Balance of cash and cash
equivalents at the period -begin
VI. Balance of cash and cash equivalents
at the period -end
（ii）The Company started implementing the updated accounting standards commencing from 2026 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 28, 2026
首页
微信公众号
证券之星APP
