2. China Securities Regulatory Commission checked and approved that the un-listed foreign shares amounting to 62,003,890 shares of the Company held by the second largest shareholder Hong Kong Zhuorun Technology Co., Ltd could be transferred into B-share. The above-mentioned shares will be listed and circulated in Shenzhen
ST中华Ｂ2003年半年度报告（英文版）
Stock Exchange since one year from 18th of this month. At present 57,899,644 shares of the equity are hypothecated and frozen.
Section VII. Financial Report (un-audited)
I. Accounting statements (attached)
II. Notes to accounting statements (attached)
Section VIII. Documents Available for Reference
I. Text of semi-annual report carried with the signature of Chairman of the Board;
II. Text of accounting statements carried with the signatures and seals of principal of the Company, principal in charge of the accounting affairs and principal in charge of the accounting institute;
III. Texts of all documents disclosed in public on the newspapers designated by China Securities Regulatory Commission in the report period;
IV. Text of Articles of Association of the Company;
V. Text of semi-annual report disclosed in other securities markets;
VI. Other relevant information.
Board of Directors of
Shenzhen China Bicycle Company (Holdings) Limited Chairman: Huang Junmin
Aug.20, 2003
ST中华Ｂ2003年半年度报告（英文版）
Balance Sheet
June 30, 2003 Unit: RMB Assets Amount at the end of the period Amount at the beginning of the period
Consolidated amount Company amount Consolidated amount Company amount Current assets:
Monetary funds 6,237,323.70 1,339,589.21 6,799,774.22 1,612,800.37 Short-term investment - - Notes receivable 150,000.00 150,000.00 Dividends receivable - - Interests receivable - - Accounts receivable 10,479,847.30 176,961,818.95 14,477,146.60 180,959,118.85 Other receivables 51,617,266.29 47,352,567.32 45,995,080.83 47,568,722.87 Payments in advance 195,734.30 195,734.30 2,823,667.99 2,823,667.99 Subsidy receivable - - Inventories 74,471,607.36 74,469,542.36 73,441,682.07 73,441,682.07 Deferred expenses 476,373.23 407,489.23 482,274.52 443,466.52 Other current assets
Total of current assets 143,478,152.18 300,726,741.37 144,169,626.23 306,999,458.67 Long-term investments:
Long-term equity investments 42,453,586.58 43,160,334.70 42,449,213.41 43,041,041.13 Long-term equity investments - - Total of long-term
42,453,586.58 43,160,334.70 42,449,213.41 43,041,041.13 investments
Including: consolidated
- -
balance
Including: balance of equity
- -
investments
Fixed assets:
Original of fixed assets742,154,227.91 735,526,428.12 772,696,889.66 766,313,749.87
Minus: accumulated
377,149,485.99 373,413,164.80 369,772,660.40 366,155,969.74 depreciation
Net value of fixed assets365,004,741.92 362,113,263.32 402,924,229.26 400,157,780.13
Minus: impairment losses of
76,566,184.10 76,566,184.10 76,566,184.10 76,566,184.10 fixed assets
Net fixed assets288,438,557.82 285,547,079.22 326,358,045.16 323,591,596.03 Engineering materials
Constructions in progress
Clearing of fixed assets
Total fixed assets 288,438,557.82 285,547,079.22 326,358,045.16 323,591,596.03 Intangible and other assets:
Intangible assets:
Long-term deferred expenses
Other long-term assets
Total intangible and deferred
assets
Deferred taxes:
Debt of deferred tax:
Total assets 474,370,296.58 629,434,155.29 512,976,884.80 673,632,095.83
ST中华Ｂ2003年半年度报告（英文版）
Balance Sheet (Con.)
June 30, 2003 U nit: RMB Liabilities and shareholders’
equity
Amount at the end of the period Amount at the beginning of the period
Current liabilities:Consolidated amount Company amount Consolidated
amount
Company amount
Short-term loans 462,607,176.72388,429,707.49462,607,176.72388,429,707.49 Notes payable 35,000.0035,000.00--Accounts payable 141,918,940.68344,858,756.94139,879,002.27348,740,265.34 Accounts received in advance 2,025,916.442,025,916.44936,606.76883,096.76 Salaries payable 5,855,700.365,691,849.256,320,621.246,098,077.75 Welfare payable 4,641,793.824,567,620.784,504,584.974,412,484.80 Dividends payable --Tax payable 88,448,316.4388,400,218.5088,066,727.3688,005,532.96 Other payables --Other payables 162,125,478.90121,952,979.74165,515,221.18125,249,055.74 Accrued expenses 165,962,353.84165,933,153.84155,166,178.61155,166,178.61 Estimated liabilities 166,271,000.00166,271,000.00166,271,000.00166,271,000.00 Current maturities of long-term
liabilities
--Other current liabilities --Total current liabilities 1,199,891,677.191,288,166,202.981,189,267,119.111,283,255,399.45 Long-term liabilities:
Long-term loans 88,456,386.3088,456,386.3088,456,386.3088,456,386.30 Bonds payable --Long-term accounts payable 50,427,701.2350,427,701.23 Other long-term liabilities 1,170,528,015.291,170,528,015.291,170,528,015.291,170,528,015.29 Total long-term liabilities 1,258,984,401.591,258,984,401.591,309,412,102.821,309,412,102.82 Deferred tax: