深圳中华自行车(集团)股份有限公司 2014 年第三季度报告正文 深圳中华自行车(集团)股份有限公司 2014 年第三季度报告正文 1 深圳中华自行车(集团)股份有限公司 2014 年第三季度报告正文 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。 公司负责人罗桂友、主管会计工作负责人李海及会计机构负责人(会计主管人员)孙龙龙声明：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 2014 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 72,156,738.05 | 151,511,429.85 | | -52.38% | | 归属于上 ...

Financial Performance - The company's operating revenue for the first half of 2014 was ¥85,666,634.40, a decrease of 18.34% compared to ¥104,903,520.59 in the same period last year[16]. - The net profit attributable to shareholders was ¥1,874,649.46, a significant improvement from a loss of ¥29,283,608.20 in the previous year, marking a 106.40% change[16]. - The net profit after deducting non-recurring gains and losses was a loss of ¥2,694,064.82, compared to a profit of ¥2,197,124.06 in the same period last year, reflecting a 222.62% decline[16]. - The net cash flow from operating activities was ¥2,745,840.89, a turnaround from a negative cash flow of ¥20,556,480.08 in the previous year, indicating a 113.36% improvement[16]. - The total assets at the end of the reporting period were ¥71,080,200.32, down 53.09% from ¥151,511,429.85 at the end of the previous year[16]. - The net assets attributable to shareholders increased by 26.77% to ¥8,877,984.86 from ¥7,003,335.40 at the end of the previous year[16]. Market Strategy - The company plans to enhance its product development in mid-to-high-end bicycles and lithium battery products, while also improving its operational support through automation[24]. - The company is expanding its market presence in South China and Northwest regions while maintaining its focus on key markets in North and East China[24]. - The company has established a supermarket operation model and is developing its e-commerce capabilities to adapt to market changes[24]. - The overall gross profit margin for bicycle operations remained stable despite a slight decline in revenue compared to the previous year[24]. - The company continues to focus on market expansion, product development, and quality management to leverage structural growth opportunities in the bicycle industry[31]. Financial Management - The company has not disclosed any future development plans or ongoing operational plans in its public documents[28]. - The company aims to restore sustainable operating and profitability capabilities through asset restructuring, with conditions set for introducing a restructuring party[46]. - The company has no external investments, securities investments, or significant non-public fundraising projects during the reporting period[33][40]. - The company did not distribute cash dividends or issue bonus shares in the previous fiscal year[48]. - The company plans not to distribute cash dividends or issue bonus shares for the current half-year period[48]. - There were no major litigation or arbitration matters during the reporting period[53]. - The company did not acquire or sell any assets during the reporting period[56][57]. - There were no significant related party transactions during the reporting period[61][62][63]. - The company had a non-operating related party debt of 6.5 million yuan at the beginning of the period, which remained unchanged by the end of the period[64]. - The company did not have any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[67]. Shareholder Information - The company’s stock trading had its delisting risk warning lifted on May 14, 2014[79]. - The total number of ordinary shareholders at the end of the reporting period was 31,746[84]. - The largest shareholder, Shenzhen Guosheng Energy Investment Co., Ltd., held 11.52% of the shares, totaling 63,508,747 shares[84]. - The total current assets at the end of the reporting period amounted to RMB 65,733,566.47, a decrease from RMB 146,012,605.48 at the beginning of the period, indicating a significant reduction of approximately 55%[100]. - Cash and cash equivalents increased to RMB 29,360,708.21 from RMB 26,834,171.59, reflecting a growth of about 5.7%[100]. - Accounts receivable decreased significantly from RMB 7,060,251.28 to RMB 2,207,762.11, representing a decline of approximately 68.8%[100]. - Inventory levels rose sharply to RMB 22,846,440.68 from RMB 4,545,116.43, marking an increase of around 403%[100]. Operational Efficiency - The company is focusing on improving operational efficiency to enhance profitability in future periods[120]. - The company has undergone debt restructuring in recent years due to a significant decline in sales[130]. - The company aims to enhance its product research and development efforts[130]. - The company is focusing on developing electric bicycles to expand its domestic market presence[130]. Accounting Policies - The company prepares consolidated financial statements based on individual financial statements of the company and subsidiaries, adjusting for long-term equity investments using the equity method[138]. - The company recognizes financial assets and liabilities at fair value upon initial recognition, with subsequent measurement based on their classification[146]. - The company classifies financial assets into five categories, including those measured at fair value with changes recognized in profit or loss, held-to-maturity investments, receivables, available-for-sale financial assets, and other financial liabilities[144]. - The company recognizes revenue from sales when the significant risks and rewards of ownership have transferred to the buyer[200].

Financial Performance - The company's operating revenue for 2013 was CNY 271,111,736.07, a decrease of 7.42% compared to CNY 292,827,026.55 in 2012[14]. - The net profit attributable to shareholders for 2013 was CNY 1,575,223,894.89, a significant increase from a loss of CNY 52,443,234.29 in 2012, representing a change of 3,103.67%[14]. - Basic earnings per share for 2013 were CNY 2.857, a dramatic recovery from a loss of CNY -0.0951 per share in 2012[14]. - The net profit for 2013 was CNY 157.59 million, a turnaround from a loss of CNY 5.24 million in 2012, representing a 3123% increase[25]. - The total revenue from bicycle and parts sales decreased by 7.99% to CNY 244,489,081.79, with a gross margin of 5.16%[35]. - The company reported a net profit of CNY 1,575,223,894.89 for 2013, with no cash dividends distributed during the year[55]. Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -28,210,167.86, worsening from CNY -7,026,573.55 in the previous year, indicating a 301.48% increase in cash outflow[14]. - The company achieved a cash inflow from investment activities of CNY 1.65 billion, a significant improvement from a cash outflow of CNY 12.47 million in 2012[25]. - Investment cash inflow reached CNY 1,660,347,221.12, marking a 100% increase, while net cash flow from investment activities surged to CNY 1,653,719,212.90[32]. - Financing cash inflow dropped significantly by 84.6% to CNY 5,390,399.73 from CNY 35,000,000.00 in 2012, resulting in a net cash outflow of CNY -1,651,070,234.31[32]. Assets and Liabilities - Total assets at the end of 2013 were CNY 151,511,429.85, down 6.85% from CNY 162,649,076.30 at the end of 2012[14]. - The company's total liabilities saw a significant reduction due to debt repayments, impacting short-term borrowings and other payables[40]. - Cash and cash equivalents decreased by 14.5% to CNY 26,834,171.59, primarily due to debt repayments related to restructuring[38]. - The company's total liabilities decreased from CNY 1,872,039,760.06 to CNY 143,812,656.67, a reduction of about 92.3%[134]. Restructuring and Bankruptcy - The company completed its bankruptcy reorganization process on December 27, 2013, after the Shenzhen Intermediate People's Court approved the execution of the reorganization plan[64]. - The company entered bankruptcy reorganization on October 25, 2012, due to inability to repay debts and was under court supervision[76]. - The reorganization plan was approved by the Shenzhen Intermediate People's Court on November 5, 2013, and the bankruptcy proceedings were terminated[77]. - The company completed the transfer and distribution of shares by December 25, 2013, following the execution of the reorganization plan[77]. Market and Competition - The company faced severe market competition and rising costs, but identified structural growth opportunities in the bicycle industry due to changing consumer preferences[23]. - The electric bicycle industry has faced stagnation since 2007, with supply constraints affecting production due to management in the rare earth and battery industries[46]. Management and Governance - The company has a diverse management team with extensive experience in various sectors, including insurance, finance, and law, which enhances its operational capabilities[92][93][94][95]. - The company’s president, Li Hai, has been with the company in various financial roles, indicating strong internal leadership continuity[92]. - The company’s governance structure includes independent directors, which is crucial for maintaining transparency and accountability[90]. - The company maintained complete independence from its controlling shareholders in terms of business, personnel, assets, and finances[113]. Shareholder Structure - The total number of shareholders at the end of the reporting period was 34,993, compared to 32,309 five trading days before the annual report disclosure[84]. - The largest shareholder, Shenzhen Guosheng Energy Investment Development Co., Ltd., holds 11.52% of shares, amounting to 63,508,747 shares[84]. - The company has a total of 10 major shareholders, with the top 10 holding significant stakes in the company[84]. Financial Reporting and Audit - The financial report for 2013 was audited by Ruihua Certified Public Accountants, which issued an unqualified opinion with emphasis[4]. - The audit opinion for the financial statements was unqualified, indicating that the financial statements fairly reflect the company's financial position as of December 31, 2013[129]. - The company reported no significant internal control deficiencies during the reporting period, ensuring the authenticity and completeness of financial information[122]. Research and Development - The company has increased its focus on research and development, particularly in the electric bicycle segment, to expand its domestic market presence[163]. - The company aims to enhance its product offerings and market reach through the development of new electric bicycle products[163].

Financial Performance - The company's operating revenue for Q1 2014 was ¥26,457,065.59, a decrease of 32.98% compared to ¥39,478,142.34 in the same period last year[8] - The net profit attributable to shareholders was ¥354,354.82, a significant improvement from a loss of ¥26,646,803.51 in the previous year, marking a 101.33% change[8] - The net cash flow from operating activities was ¥2,504,356.37, a turnaround from a negative cash flow of ¥18,019,890.64 in the same period last year, representing a 113.9% improvement[8] - Operating revenue decreased by 32.98% compared to the same period last year, mainly due to reduced leasing income from asset disposals[15] - The net profit for Q1 2014 was CNY 433,872.32, a significant recovery from a net loss of CNY 26,597,299.65 in the previous year[31] - The company reported a basic earnings per share of CNY 0.0006, compared to a loss per share of CNY 0.0483 in the same quarter last year[31] Assets and Liabilities - Total assets increased by 10.94% to ¥168,080,241.33 from ¥151,511,429.85 at the end of the previous year[8] - Total assets at the end of the period amounted to 168,080,241.33 yuan, an increase from 151,511,429.85 yuan at the beginning of the period[24] - Total liabilities at the end of the period amounted to 159,947,595.83 yuan, an increase from 143,812,656.67 yuan at the beginning of the period[24] - Total assets decreased from CNY 123,706,991.31 to CNY 117,815,037.33, reflecting a decline of approximately 5%[28] - Total liabilities remained stable at CNY 112,255,196.35, compared to CNY 118,315,964.33 in the previous year[28] Shareholder Information - The number of shareholders at the end of the reporting period was 33,177[11] - The largest shareholder, Shenzhen Guosheng Energy Investment Development Co., Ltd., held 11.52% of the shares, totaling 63,508,747 shares[11] Cash Flow - The net cash flow from operating activities for the first quarter was 2,504,356.37 CNY, a significant improvement compared to a net outflow of -18,019,890.64 CNY in the same period last year[37] - Cash inflow from operating activities totaled 29,586,695.10 CNY, while cash outflow was 27,082,338.73 CNY, resulting in a positive cash flow[37] - The company reported a net increase in cash and cash equivalents of 2,521,352.10 CNY, compared to a decrease of -18,024,319.70 CNY in the previous year[38] - The total cash and cash equivalents at the end of the period stood at 29,355,523.69 CNY, up from 26,834,171.59 CNY at the beginning of the quarter[38] - The cash flow from investment activities showed a net inflow of 16,995.73 CNY, recovering from a net outflow of -4,429.06 CNY in the previous year[39] Expenses - Total operating costs for Q1 2014 were CNY 27,785,472.16, down 58% from CNY 66,069,850.99 year-over-year[30] - Sales expenses decreased by 52.58% compared to the same period last year, primarily due to reduced sales revenue from Amini[15] - Management expenses decreased by 93.45% compared to the same period last year, mainly due to the payment of employee compensation during bankruptcy restructuring in the previous year[15] - The company is focusing on cost control, with management expenses significantly reduced from CNY 31,468,393.66 to CNY 2,060,338.84[30] Other Financial Metrics - The company reported a basic earnings per share of ¥0.0006, a significant recovery from a loss of ¥0.0483 per share in the same period last year, reflecting a 101.24% change[8] - The weighted average return on equity was 4.93%, compared to 0% in the previous year[8] - Non-operating income increased by 155089.85% compared to the same period last year, mainly due to the reserve of operating funds from the restructuring case[15] Additional Notes - The company has not engaged in any repurchase transactions during the reporting period[12] - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[43]

Financial Performance - The company's operating revenue for 2013 was CNY 271,111,736.07, a decrease of 7.42% compared to CNY 292,827,026.55 in 2012[15]. - The net profit attributable to shareholders for 2013 was CNY 1,575,223,894.89, a significant increase from a loss of CNY 52,443,234.29 in 2012, representing a change of 3,103.67%[15]. - Basic earnings per share for 2013 were CNY 2.857, a dramatic increase from a loss of CNY -0.0951 in 2012, reflecting a change of 3,104.21%[15]. - The net profit for 2013 was CNY 157.59 million, a turnaround from a loss of CNY 5.21 million in 2012, representing a 3123% increase[26]. - The total profit for the year was CNY 1,668,858,819.76, a significant increase from a loss of CNY 52,126,619.65 in the previous year[144]. - The company reported a net profit of CNY 1,575,858,760.02, a significant turnaround from a net loss of CNY 52,126,619.65 in the previous year[144]. Cash Flow - The net cash flow from operating activities was negative at CNY -28,210,167.86, worsening from CNY -7,026,573.55 in 2012, an increase of 301.48% in cash outflow[15]. - The net cash flow from operating activities decreased by 301.47% year-on-year, resulting in a net outflow of ¥28,210,167.86 in 2013 compared to a net outflow of ¥7,026,573.55 in 2012[33]. - The company achieved a cash inflow from investment activities of CNY 165.37 million, a significant improvement from a cash outflow of CNY 12.47 million in 2012[26]. - The net cash flow from investment activities increased significantly by 1,326,609.4%, with a net inflow of ¥1,653,719,212.90 in 2013, primarily due to cash received from asset disposals during restructuring[33]. - The net cash flow from financing activities showed a drastic decline of 4,817.34%, resulting in a net outflow of ¥1,651,070,234.31 in 2013, mainly due to cash payments for debt settlement during restructuring[33]. Assets and Liabilities - Total assets at the end of 2013 were CNY 151,511,429.85, down 6.85% from CNY 162,649,076.30 at the end of 2012[15]. - The total liabilities decreased significantly, leading to a financial expense reduction of 102.54% to CNY -129.94 thousand in 2013[32]. - The company's total liabilities decreased significantly, with short-term borrowings dropping by 218.75% due to debt settlement during restructuring[42]. - The company's total liabilities were CNY 143,812,656.67, down from CNY 1,872,039,760.06, indicating a significant reduction in liabilities[137]. - The company's cash and cash equivalents decreased by 191.79%, totaling ¥26,834,171.59 at the end of 2013, down from ¥52,395,360.86 at the end of 2012[39]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the year[4]. - The total number of shares after the recent changes is 551,347,947, with 93.19% being unrestricted shares[84]. - The largest shareholder, Shenzhen Guosheng Energy Investment Development Co., Ltd., holds 11.52% of shares, totaling 63,508,747 shares[87]. - The company reported a total of 10 major shareholders, with the top 10 shareholders holding significant stakes in the company[88]. - The actual controller of the company is Ji Hanfeng, who is also the legal representative of Shenzhen Guosheng Energy Investment Development Co., Ltd.[90]. Business Operations - The company has not made any changes to its main business since its listing[12]. - The company has not disclosed any new product developments or market expansion strategies in the report[14]. - The company aims to enhance its market expansion and product development to restore its operational capabilities and profitability post-restructuring[46]. - The company is focusing on high-end bicycle production, including the Amiini brand and electric bicycles, to capture market share[166]. - The company is actively increasing its research and development efforts, particularly in electric bicycles, to enhance product offerings[166]. Restructuring and Bankruptcy - The company completed its restructuring plan in December 2013, allowing for the resumption of trading of its A and B shares[24]. - The company completed its bankruptcy reorganization process on December 27, 2013, after the Shenzhen Intermediate People's Court approved the execution of the reorganization plan[67]. - The company entered bankruptcy reorganization on October 25, 2012, due to inability to repay debts and severe insolvency[79]. - The court approved the company's reorganization plan on November 5, 2013, and terminated the reorganization process[80]. - The company’s restructuring efforts allowed it to retain its bicycle business, adjusting the scope of internal control implementation accordingly[122]. Governance and Compliance - The financial report for 2013 was audited by Ruihua Certified Public Accountants, which issued an unqualified opinion with emphasis[4]. - The company has established a system for managing insider information, complying with regulatory requirements[107]. - No regulatory measures or administrative penalties were imposed on the company during the reporting period[107]. - The company maintained compliance with its commitments made to shareholders, with no violations reported[74]. - The independent directors did not raise any objections to company matters during the reporting period, indicating a consensus on governance[113]. Management and Personnel - The company employed a total of 48 staff members, with 72.91% holding a degree above college level[105]. - The company’s president, Li Hai, has been with the company in various financial roles since 2007, indicating stability in leadership[95]. - The average age of the current board members is approximately 45 years, suggesting a relatively young leadership team[95]. - Total remuneration for directors, supervisors, and senior management in 2013 amounted to CNY 2.1641 million[101]. - The company’s president received a total remuneration of CNY 702,500 in 2013[102]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards issued by the Ministry of Finance[167]. - The company adopts the historical cost basis for measuring its financial statements, except for certain financial instruments[168]. - The company includes all subsidiaries in the consolidated financial statements based on control, adjusting for any necessary accounting policy differences[176]. - The company recognizes impairment losses for financial assets when there is objective evidence of impairment, with specific criteria for different asset categories[191]. - The company employs a perpetual inventory system for inventory tracking, except for work in progress which uses a physical inventory system[198].