Financial Performance - The company's operating revenue for 2019 was ¥76,022,687.75, a decrease of 36.60% compared to ¥119,906,950.34 in 2018[23]. - The net profit attributable to shareholders for 2019 was -¥7,186,905.64, representing a 351.45% increase in losses compared to -¥1,591,968.91 in 2018[23]. - The net cash flow from operating activities was -¥13,791,941.34, worsening by 45.49% from -¥9,479,474.16 in 2018[25]. - The basic earnings per share for 2019 was -¥0.0130, a decline of 348.28% from -¥0.0029 in 2018[25]. - Total assets at the end of 2019 were ¥62,733,602.58, down 14.35% from ¥73,242,960.17 at the end of 2018[25]. - The net assets attributable to shareholders decreased by 50.24% to ¥7,119,396.30 from ¥14,306,301.94 in 2018[25]. - The company reported a significant increase in losses in 2019, indicating ongoing financial challenges[23]. - The company achieved a revenue of 76,022,687.75 CNY in 2019, a decrease of 36.60% compared to the previous year[43]. - The net profit for the year was -7,813,881.65 CNY, representing a 315.52% increase in losses year-over-year[43]. - Cash and cash equivalents decreased by 67.15% to 6,074,367.91 CNY, primarily due to tax payments and investments in new business[43]. - The net increase in cash and cash equivalents was -¥10,414,518.35 in 2019, a 287.39% decline from -¥2,688,389.92 in 2018[68]. Business Operations and Strategy - The company has expanded its business into the jewelry and gold supply chain sector, establishing a joint venture with Shenzhen Diamond Gold Jewelry Co., Ltd. with an investment of CNY 6.5 million, where the company holds a 65% stake[36]. - The company aims to improve its market expansion, product development, and e-commerce sales to enhance its competitive edge in the bicycle industry[36]. - The company plans to raise up to CNY 45 million through a non-public offering of A-shares to enhance its operational strength and development potential[38]. - The company is focusing on e-commerce transformation and optimizing product structure in response to market challenges[41]. - The company plans to enhance the development of mid-to-high-end bicycles and smart accessories, focusing on quality control and supplier management[89]. - The company aims to expand its e-commerce retail business, improving sales capabilities on major platforms and enhancing brand visibility[89]. - The jewelry supply chain business will focus on expanding procurement and sales channels, particularly in the Pearl River Delta region[89]. Research and Development - Research and development expenses increased to 2,753,277.72 CNY, reflecting a focus on enhancing bicycle and lithium battery material business[43]. - R&D personnel increased to 15 in 2019 from 7 in 2018, a growth of 114.29%[65]. - R&D investment amounted to ¥2,753,277.72 in 2019, up 207.82% from ¥894,440.42 in 2018[65]. - R&D investment accounted for 3.62% of operating revenue in 2019, compared to 0.75% in 2018, a change of 2.87%[65]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[7]. - Over the past three years, the company has not distributed any cash dividends, with a consistent cash dividend payout ratio of 0.00%[100]. - The company has no controlling shareholder or actual controller, with the largest shareholder being Shenzhen Guosheng Energy Investment Development Co., Ltd. since 2011[165][169]. - The company has no significant changes in shareholding or shareholder structure reported[146]. - The total remuneration paid to directors, supervisors, and senior management for the year 2019 amounted to 1.4397 million yuan[200]. - The company has independent directors, including Song Xishun, who received 47,600 yuan in remuneration[200]. Risks and Challenges - The company has faced a continuous decline in net profit for two consecutive years, leading to a delisting risk warning for its stock[6]. - The bicycle industry faces challenges from rising costs and intense competition, but also opportunities from new national standards and e-commerce[87]. - The company has not disclosed any new product developments or market expansion strategies in the report[20]. Financial Management - The company has made changes to its accounting policies, including the separation of accounts receivable and notes receivable, impacting the reported amounts in the financial statements[107]. - The company reported a credit impairment loss of ¥-2,533,065.87 for the fiscal year 2019[111]. - The company incurred audit fees of ¥450,000 for the domestic accounting firm Tianzhi International Accounting Firm[117]. - The company has no major litigation or arbitration matters during the reporting period[121].

Financial Performance - Operating revenue for the period was CNY 24,574,484.81, down 26.68% year-on-year, and down 37.93% for the year-to-date[8] - Net profit attributable to shareholders increased by 96.06% to CNY 1,040,149.76 for the period, but decreased by 77.76% year-to-date[8] - Basic earnings per share rose by 90.00% to CNY 0.0019 for the period, but decreased by 80.00% year-to-date[8] - The weighted average return on net assets was 7.42%, up from 4.25% in the previous year[8] - The net profit excluding non-recurring gains and losses for the period was CNY 1,040,149.76, an increase of 196.39% year-on-year[8] - The company reported a net loss of -1,197,307,966.33, slightly improved from -1,197,549,169.92[49] - Total operating revenue for the current period is ¥24,574,484.81, a decrease of 26.7% from ¥33,515,376.48 in the previous period[59] - Net profit for the current period is ¥1,049,832.41, an increase of 41.0% compared to ¥744,334.90 in the previous period[63] - The company achieved a profit margin of approximately 4.3% for the current period, compared to 2.2% in the previous period[63] - The company reported a comprehensive income total of -¥40,625.94 for the current period, compared to ¥1,236,251.31 in the previous period[82] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of CNY -7,317,672.68, reflecting a significant decline[8] - Cash and cash equivalents decreased from 8,889,572.73 to 3,914,027.09, a decline of approximately 56%[50] - Cash flow from operating activities for the current period is 28,864,036.40, down from 31,266,125.79 in the previous period, a decrease of about 7.7%[92] - Cash flow from investing activities shows a net outflow of 7,317,672.68, compared to a small inflow of 122,208.96 in the previous period[92] - Cash flow from financing activities results in a net inflow of 33,436.90, compared to a net outflow in the previous period[98] - The cash and cash equivalents at the end of the period stand at 8,670,156.44, down from 19,282,191.32 at the end of the previous period, a decrease of approximately 55%[98] - The company received 21,832,549.34 in cash from sales of goods and services, compared to 27,803,003.29 in the previous period, a decrease of about 21.5%[92] - The net cash flow from operating activities was -$4,441,051.60, compared to -$6,491,552.11 in the previous period, indicating an improvement[103] - Total cash inflow from operating activities amounted to $21,416,767.00, while cash outflow was $25,857,818.60, resulting in a net cash flow deficit[103] Assets and Liabilities - Total assets decreased by 6.37% to CNY 68,575,233.68 compared to the end of the previous year[8] - Total current assets decreased from 66,793,531.67 to 61,899,587.98, a decline of approximately 8.8%[43] - Total non-current assets increased from 6,449,428.50 to 6,675,645.70, an increase of about 3.5%[43] - Total current liabilities decreased from 56,262,495.43 to 51,635,394.88, a decline of about 8.3%[47] - Total liabilities remained the same at 51,635,394.88, indicating no change in non-current liabilities[47] - Total equity attributable to shareholders increased from 14,306,301.94 to 14,547,505.53, an increase of approximately 1.7%[49] - Total liabilities and equity decreased from 73,242,960.17 to 68,575,233.68, a decline of about 6.5%[49] Expenses - Operating costs fell by 36.84% to ¥57,446,763.42, reflecting a decline in business activity[22] - Sales expenses decreased by 45.43% to ¥2,377,317.42, attributed to the drop in revenue[22] - Management expenses were down by 32.09% to ¥3,263,168.76, also due to reduced business income[22] - Tax expenses for the current period are ¥16,205.37, a decrease of 72.3% from ¥58,517.27 in the previous period[59] - The company reported a significant reduction in financial expenses, with a net income of -¥18,419.39 compared to -¥41,025.16 in the previous period[59] - Sales expenses decreased to ¥501,593.81, down 68.7% from ¥1,600,868.52 in the previous period[59] - Management expenses decreased to ¥903,784.92, down 39.5% from ¥1,495,548.79 in the previous period[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,992[12] - The largest shareholder, Shenzhen Guosheng Energy Investment Development Co., Ltd., held 11.52% of the shares[12] - There were no significant changes in the shareholding structure or related party transactions reported during the period[15] Business Developments - The company plans to raise up to ¥750 million through a non-public stock issuance for marketing network upgrades and R&D center construction[24] - The company established a new subsidiary, holding 65% of Shenzhen Xinsen Jewelry Gold Supply Chain Co., Ltd., to expand its business operations[25] Inventory and Receivables - Accounts receivable increased by 41.15% to ¥40,943,384.51, indicating extended customer payment terms[22] - Inventory rose by 44.81% to ¥3,456,156.95, in preparation for the sales peak season[22] - Prepayments decreased by 87.73% to ¥1,693,512.99, as prior year lithium battery material payments were fulfilled[22] - Inventory increased from 1,373,831.01 to 2,995,407.48, an increase of about 118%[52] Other Financial Information - The company experienced a credit impairment loss of -¥17,479.82, compared to a gain of ¥134,266.80 in the previous period[80] - The company reported a tax expense of ¥86.88, compared to ¥371,731.68 in the previous period[80] - The company has not undergone an audit for the third quarter report[107] - The company received tax refunds totaling $395,675.25 during the reporting period[103] - The company paid $5,392,327.74 in taxes during the reporting period, which is a notable increase from $1,071,443.86 in the previous period[103] - The company has not applied new financial instrument standards or new leasing standards for the current reporting period[107]

深圳中华自行车(集团)股份有限公司 2019 年半年度报告全文 深圳中华自行车（集团）股份有限公司 2019 年半年度报告 2019 年 08 月 1 深圳中华自行车(集团)股份有限公司 2019 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人李海、主管会计工作负责人孙龙龙及会计机构负责人(会计主管 人员)钟小津声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 深圳中华自行车(集团)股份有限公司 2019 年半年度报告全文 目录 第一节 重要提示、目录和释义 . | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------ ...

深圳中华自行车(集团)股份有限公司 2019 年第一季度报告全文 深圳中华自行车（集团）股份有限公司 2019 年第一季度报告 2019 年 04 月 1 深圳中华自行车(集团)股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李海、主管会计工作负责人孙龙龙及会计机构负责人(会计主管 人员)钟小津声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳中华自行车(集团)股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|---------------|---------------|---------------------------| | □ ...

深圳中华自行车(集团)股份有限公司 2018 年年度报告全文 深圳中华自行车（集团）股份有限公司 2018 年年度报告 2019 年 04 月 1 深圳中华自行车(集团)股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人李海、主管会计工作负责人孙龙龙及会计机构负责人(会计主管 人员)钟小津声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本公司 2018 年度财务报告经天职国际会计师事务所（特殊普通合伙）审计， 出具带持续经营重大不确定性段落无保留意见的审计报告，本公司董事会、监 事会对相关事项已有详细说明，请投资者注意阅读。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 深圳中华自行车(集团)股份有限公司 2018 年年度报告全文 目录 | --- | |----------------------------------------------------------- ...

2018 年 10 月 1 深圳中华自行车(集团)股份有限公司 2018 年第三季度报告全文 深圳中华自行车(集团)股份有限公司 2018 年第三季度报告 深圳中华自行车(集团)股份有限公司 2018 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李海、主管会计工作负责人孙龙龙及会计机构负责人(会计主管 人员)钟小津声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳中华自行车(集团)股份有限公司 2018 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 单独进行减值测试的应收款项减值准备转回 | 141,486.00 | | | 除上述各项之外的其他营业外收入和支出 | 176,288.48 | | | 减：所得税影响额 ...

Financial Performance - Operating revenue for the reporting period was CNY 33,515,376.48, down 28.06% year-on-year[8] - Net profit attributable to shareholders was CNY 530,513.93, an increase of 61.81% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 350,936.29, up 41.76% year-on-year[8] - Basic earnings per share were CNY 0.0010, an increase of 66.67% compared to the same period last year[8] - The weighted average return on net assets was 3.17%, an increase of 0.62% compared to the previous year[8] - Cash flow from operating activities was CNY 122,208.96, down 101.93% year-to-date[8] - The company does not anticipate significant changes in net profit compared to the same period last year[21] Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 70,158,059.66, a decrease of 4.62% compared to the end of the previous year[8] - The number of ordinary shareholders at the end of the reporting period was 54,872[12] - The largest shareholder, Shenzhen Guosheng Energy Investment Development Co., Ltd., held 11.52% of the shares[12] Inventory and Capital Raising - Inventory increased by 110.23% to CNY 5,838,360.82 due to increased stocking for the sales peak[16] - The company plans to issue up to 110,269,586 shares in a non-public offering, raising a total of no more than 750 million RMB[17] - The funds raised will be allocated to the online and offline marketing network platform upgrade project (680 million RMB) and the R&D center construction project (70 million RMB)[17] - Specific investors include Ruian Information (up to 250 million RMB), Zhisheng High-tech (up to 200 million RMB), and Wan Sheng Industrial and Bei Er High-tech (up to 150 million RMB each)[17] - The company held its first extraordinary general meeting of 2018 on February 13, 2018, approving the third revised proposal for the non-public offering[17] Commitments and Investments - There are no overdue commitments from actual controllers, shareholders, related parties, or acquirers during the reporting period[20] - There were no securities investments or entrusted financial management during the reporting period[22][23] Communication and Restructuring - The company engaged in telephone communications regarding restructuring and the progress of the non-public share issuance from January to September 2018[24]

Financial Performance - The company's operating revenue for the reporting period was ¥67,734,899.35, representing a 38.43% increase compared to ¥48,929,676.27 in the same period last year[18]. - The net profit attributable to shareholders was ¥554,162.06, a significant recovery from a loss of ¥1,691,378.44 in the previous year, marking a 132.76% improvement[18]. - The net cash flow from operating activities was -¥3,362,971.19, an improvement of 61.81% from -¥8,806,042.23 in the previous year[18]. - The company achieved a revenue of 67.73 million yuan in the first half of 2018, representing a year-on-year increase of 38.43% due to the addition of lithium battery materials business[34]. - The net profit for the same period was 491,900 yuan, with a net profit attributable to shareholders of 554,200 yuan[34]. - The profit margin improved, with operating profit recorded at CNY 683,064.11 compared to an operating loss of CNY 2,407,346.98 in the same period last year[112]. - The company reported a total profit of CNY 725,050.39, compared to a total loss of CNY 2,115,636.40 in the same period of 2017[112]. - The total comprehensive income for the first half of 2018 was CNY 491,916.41, compared to a comprehensive loss of CNY 2,127,265.81 in the same period last year[113]. - The company reported a net profit margin of 12%, up from 10% in the previous quarter, reflecting improved operational efficiency[157]. Assets and Liabilities - The company's total assets decreased by 3.71% to ¥70,833,599.30 from ¥73,559,961.28 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 3.49% to ¥16,452,432.91 from ¥15,898,270.85 at the end of the previous year[18]. - Total assets decreased from CNY 73.56 billion to CNY 70.83 billion, a decline of approximately 3.7%[103]. - Current liabilities decreased from CNY 54.70 billion to CNY 51.48 billion, a reduction of about 5.0%[104]. - The total liabilities remained stable at CNY 51.48 billion, indicating no new significant debt was incurred[104]. Cash Flow - The net cash flow from operating activities was -3,362,971.19 CNY, a decrease from -8,806,042.23 CNY in the previous period[121]. - Total cash inflow from operating activities was 18,326,867.75 CNY, while cash outflow was 21,689,838.94 CNY, resulting in a net cash flow deficit[121]. - The cash and cash equivalents at the end of the period amounted to 15,814,304.99 CNY, down from 19,177,276.18 CNY at the beginning of the period[121]. - The total cash and cash equivalents decreased from 15,398,405.80 CNY to 10,592,392.19 CNY during the reporting period[125]. Inventory and Receivables - Inventory levels increased by 73.21% as subsidiaries prepared for the sales peak season[27]. - Accounts receivable increased significantly, accounting for 49.34% of total assets, up from 21.70% in the previous year[41]. - Inventory levels rose to approximately ¥4.81 million, up from ¥2.78 million, representing an increase of about 73.0%[102]. - Accounts receivable increased to approximately ¥34.95 million from ¥29.01 million, reflecting a growth of about 20.5%[102]. Strategic Initiatives - The company plans to continue expanding its market presence and product development in the bicycle and lithium battery materials sectors[26]. - The company is actively pursuing a non-public offering of shares to enhance its operational strength and growth potential[28]. - The company is actively pursuing e-commerce transformation and optimizing product structure to adapt to market changes[32]. - The company plans to enhance product research and development while transitioning to an e-commerce business model to adapt to market changes[51]. - The company aims to enter the lithium battery materials business as part of its strategy to diversify and strengthen its main business operations[51]. Restructuring and Partnerships - The company has set conditions for introducing restructuring parties as part of its restructuring plan to restore sustainable operational and profitability capabilities[28]. - The company is actively seeking a restructuring partner with a net asset valuation of no less than 2 billion yuan and a net profit of at least 200 million yuan in the year of the major asset restructuring[60]. - The company plans to raise up to 750 million yuan through a private placement, with 680 million yuan allocated for upgrading the online and offline marketing network[33]. Market and Competition - The company is facing significant challenges due to rising costs in labor, manufacturing, and materials, alongside increased competition from shared bicycle brands like Mobike[50]. - The new national standards for electric bicycles are expected to boost the development of lithium battery-powered bicycles[31]. Shareholder Information - The largest shareholder, Shenzhen Guosheng Energy Investment Development Co., Ltd., holds 11.52% of the total shares, amounting to 63,508,747 shares[86]. - The total number of shares before the recent changes was 551,347,947, with a decrease of 750 shares in restricted shares, resulting in a total of 551,347,197 shares after the change[82]. Compliance and Governance - The company reported no significant litigation or arbitration matters during the reporting period[62]. - The company has no major related party transactions or non-operating fund occupation by controlling shareholders during the reporting period[64][69]. - The financial report for the first half of 2018 was not audited[100]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[89]. Research and Development - The company has increased its focus on R&D, particularly in electric bicycles and lithium battery materials[143]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency and sustainability[157]. Environmental and Social Responsibility - The company reported no significant environmental protection issues or major contracts during the reporting period[75][74]. - The company has no ongoing poverty alleviation plans or achievements to report for the half-year period[76][77].

Revenue and Profit - Revenue for Q1 2018 was CNY 24,732,886.83, representing a 6.14% increase compared to CNY 23,303,201.13 in the same period last year[8] - Net profit attributable to shareholders was CNY 231,983.23, up 9.26% from CNY 212,322.25 year-on-year[8] - Net profit excluding non-recurring items surged by 88.92% to CNY 178,793.22 from CNY 94,639.00 in the previous year[8] - The total operating revenue for Q1 2018 was CNY 24,732,886.83, an increase from CNY 23,303,201.13 in the previous period[37] - Net profit for Q1 2018 was CNY 203,628.16, compared to CNY 358,045.98 in the previous year[38] - The operating profit for Q1 2018 was CNY 334,099.53, a turnaround from a loss of CNY 284,610.77 in Q1 2017[41] - The net profit for Q1 2018 reached CNY 298,145.05, compared to a net loss of CNY 127,699.77 in the previous year, reflecting a strong recovery[41] - The total comprehensive income for Q1 2018 was CNY 298,145.05, compared to a loss of CNY 127,699.77 in the same quarter last year[42] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 832,923.62, a turnaround from a negative CNY 1,437,760.37 in the same period last year[8] - The cash flow from operating activities generated a net inflow of CNY 832,923.62, contrasting with a net outflow of CNY 1,437,760.37 in Q1 2017[45] - The total operating cash inflow for Q1 2018 was CNY 7,536,954.35, compared to CNY 14,380,020.45 in Q1 2017, showing a decrease in cash inflow[45] - The total operating cash outflow for Q1 2018 was CNY 6,704,030.73, down from CNY 15,817,780.82 in the previous year[45] - The cash and cash equivalents at the end of Q1 2018 amounted to CNY 20,338,577.86, up from CNY 22,577,527.34 at the end of Q1 2017[46] - The cash and cash equivalents increased by 382,636.65 during the period[50] - The cash and cash equivalents at the beginning of the period were 15,398,405.80, while the ending balance was 14,859,955.48, showing a net decrease of 538,450.32[50] Assets and Liabilities - Total assets increased by 13.37% to CNY 83,392,029.59 from CNY 73,559,961.28 at the end of the previous year[8] - Total assets reached 83.39 million yuan, up from 73.56 million yuan, marking an increase of about 13.5%[30] - Total liabilities increased to 64.33 million yuan from 54.70 million yuan, reflecting a rise of approximately 17.6%[31] - The total assets decreased to CNY 40,680,369.90 from CNY 43,788,605.55[34] - Total liabilities decreased to CNY 31,386,540.17 from CNY 34,792,920.87[35] - The equity attributable to shareholders of the parent company was CNY 9,293,829.73, up from CNY 8,995,684.68[35] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 51,082[11] - The largest shareholder, Shenzhen Guosheng Energy Investment Development Co., Ltd., held 11.52% of the shares, totaling 63,508,747 shares[11] Inventory and Receivables - Cash received from sales of goods and services decreased by 53.31% to CNY 5,982,298.36 from CNY 12,812,358.30 in the previous period[15] - Inventory increased by 56.00% to CNY 4,332,499.78, primarily due to increased stocking by subsidiaries for the sales peak season[15] - Accounts receivable rose to 32.56 million yuan from 29.01 million yuan, indicating an increase of about 12%[29] - Inventory increased significantly to 4.33 million yuan from 2.78 million yuan, representing a growth of approximately 55.8%[29] - Accounts receivable decreased to CNY 14,970,660.19 from CNY 17,680,663.16[33] Financing Activities - The company plans to raise a total of up to 750 million yuan through a private placement of A-shares, with 680 million yuan allocated for the "online and offline marketing network platform upgrade project" and 70 million yuan for the "R&D center construction project"[16] - Specific investors in the private placement include Ruian Information (up to 250 million yuan), Zhisheng High-tech (up to 200 million yuan), and Wan Sheng Industrial and Bei Er High-tech (up to 150 million yuan each)[16] - The total cash inflow from financing activities was CNY 328,378.06, with no cash outflow reported for the same period[46] - The net cash flow from financing activities was -538,450.32, indicating a decrease in cash from financing sources[50] Other Information - The company reported no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[19] - There were no securities or derivative investments during the reporting period[20][21] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[24] - Basic and diluted earnings per share remained at CNY 0.0004 for the current and previous periods[39] - Basic and diluted earnings per share for Q1 2018 were both CNY 0.0005, while in Q1 2017, it was a loss of CNY 0.0002 per share[42] - The first quarter report was not audited, which may affect the reliability of the financial data presented[51]

Financial Performance - The company's operating revenue for 2017 was CNY 137,490,597.69, a decrease of 3.16% compared to CNY 141,970,520.80 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 1,529,587.27, down 41.25% from CNY 2,603,637.47 in 2016[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,189,700.50, a decline of 41.37% from CNY 2,029,248.99 in 2016[16] - The net cash flow from operating activities was negative CNY 3,431,578.40, a decrease of 640.88% compared to CNY 634,446.01 in 2016[17] - Basic earnings per share for 2017 were CNY 0.003, down 40.00% from CNY 0.005 in 2016[17] - Total revenue for 2017 was CNY 137,490,597.69, a decrease of 3.16% compared to CNY 141,970,520.80 in 2016[40] - Net profit for 2017 was CNY 1,579,159.47, down 59.42% from CNY 3,891,579.73 in 2016, primarily due to declining revenue[40] - The total profit for the year was CNY 2,094,863.73, down 56.3% from CNY 4,798,188.16 in the previous year[194] - The basic and diluted earnings per share were both CNY 0.003, compared to CNY 0.005 in the previous year, reflecting a 40% decrease[195] Assets and Liabilities - Total assets at the end of 2017 were CNY 73,559,961.28, an increase of 36.00% from CNY 54,088,275.72 at the end of 2016[17] - Net assets attributable to shareholders at the end of 2017 were CNY 15,898,270.85, up 10.65% from CNY 14,368,683.58 at the end of 2016[17] - The total liabilities increased to CNY 54,698,990.76 from CNY 36,806,464.67, representing a rise of 48.6%[187] - The company's equity attributable to shareholders was CNY 15,898,270.85, an increase from CNY 14,368,683.58, showing a growth of 10.7%[188] - The company reported an accumulated deficit of CNY -1,195,957,201.01, slightly improved from CNY -1,197,486,788.28 in the previous period[188] Cash Flow - Cash flow from operating activities was negative CNY 3,431,578.40, a significant decrease from positive CNY 634,446.01 in the previous year, indicating a cash flow crisis[40] - Total cash and cash equivalents decreased by ¥4,838,011.53, a 76.78% increase in net decrease compared to the previous year[52] - The company’s cash and cash equivalents increased to RMB 27,985,654.24 from RMB 24,015,287.71 at the beginning of the year[185] Business Strategy and Operations - The company is planning a non-public offering of shares to raise up to CNY 750 million, with CNY 680 million allocated for upgrading the online and offline marketing network[34] - The company is focusing on expanding its electric bicycle business, which is expected to benefit from the transition from lead-acid batteries to lithium batteries[32] - The company is actively pursuing e-commerce business models to enhance sales and adapt to market changes[33] - The company is undergoing restructuring to improve its operational capabilities and profitability[28] - The company is investing in research and development for new technologies, including switch reluctance motors and supercapacitors[32] - The company is exploring opportunities in the lithium battery materials business as part of its strategic expansion[33] - The company aims to reform internal operating mechanisms and implement a manager responsibility system for better performance tracking[67] - The company plans to continue restructuring efforts and is considering a non-public stock issuance in 2018[66] Market Conditions and Challenges - The bicycle industry faces intense competition from shared bicycle brands, impacting traditional bicycle companies' market space[66] - The company is facing significant challenges due to rising costs in labor, manufacturing, and materials, alongside intense market competition[69] - The company has maintained stable operations despite challenges in the traditional manufacturing sector[35] Shareholder and Governance - The company has not proposed any cash dividend distribution for the past three years, with a net profit of 1,529,587.27 yuan in 2017[75] - The company has maintained a stable relationship with its major shareholders and has not faced any issues regarding integrity[90] - The largest shareholder, Shenzhen Guosheng Energy Investment Development Co., Ltd., holds 11.52% of the shares, totaling 63,508,747 shares[114] - The company has no controlling shareholder or actual controller as of February 20, 2017, following the relinquishment of control by Ji Hanfei[122] Management and Employees - The company employed a total of 51 staff members, including 19 production personnel, 10 sales personnel, 8 technical personnel, and 6 financial personnel[145] - The educational background of employees includes 19 with bachelor's degrees, 17 with associate degrees, and 15 with other qualifications[146] - Total remuneration paid to directors, supervisors, and senior management in 2017 amounted to CNY 1.8801 million[143] Audit and Internal Control - The audit report issued by Tianzhi International CPA confirmed that the financial statements fairly reflect the company's financial position and operating results for 2017[169] - The company maintained effective internal controls as of December 31, 2017, according to the internal control audit report[163] - There were no significant defects identified in the internal control system during the reporting period[161]