Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Chongqing Jianshe Vehicle System Co., Ltd.
The First Quarterly Report 2019
2019-044
April 2019
1
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
1 Important notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
Except the following directors, all the directors attended the board meeting for reviewing the annual Report.
The name of the directors absent Positions Reasons for the absence Name of the consignee
Yan Xuechuan Director Business trip Lv Hongxian
Hao Lin Director Business trip Li Dingqing
Liu Zhiqiang Independent Director Business trip Peng Jue
Mr. Lv Hongxian, The Company Leader, Mr.Tan Mingxian, Chief financial officer and the Ms.Niu Yanli, the
person in charge of the accounting department (the person in charge of the accounting )hereby confirm the
authenticity and completeness of the financial report enclosed in the report.
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
II. Basic Information of the Company
I.Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□Yes√No
Changes of this period over
This period Same period of last year same period of last year
（％）
Operation revenue（Yuan） 208,419,491.98 266,811,269.51 -21.89%
Net profit attributable to the shareholders
-15,704,995.56 55,789.60 -28,250.40%
of the listed company（Yuan）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -15,991,228.39 -275,476.62 5,704.93%
listed company（Yuan）
Net Cash flow generated by business
29,472,232.97 18,706,058.10 57.55%
operation（Yuan）
Basic earning per share(Yuan/Share) -0.1316 0.0005 -26,420.00%
Diluted gains per
-0.1316 0.0005 -26,420.00%
share(Yuan/Share)(Yuan/Share)
Net asset earning ratio（%） -5.50% 0.02% -5.52%
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（Yuan） 1,322,738,049.45 1,461,770,573.54 -9.51%
Net assets attributable to shareholders of
277,596,454.98 293,301,450.54 -5.35%
the listed company（Yuan）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning
Items to the end of the report Notes
period.)
Govemment subsidies recognized in current gain and loss(excluding those closely related to
30,000.00
the Company’s business and granted under the state’s policies)
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Other non-business income and expenditures other than the above 256,232.83
Total 286,232.83 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable √ Not applicable
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/itesm as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders with
Total number of common
8,077 the voting power recovered at the 0
shareholders at the period-end
end of the reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of
shareholder proportion % with Conditional Quantity
the shares
held
China Military Equipment State-owned legal
71.13% 84,906,250 84,906,250
Group Co., Ltd. person
Domestic natural
Gu Zuocheng 1.89% 2,261,000 2,218,750
person
Domestic
Hengsheng Sun Group Co., Ltd. non-state-owned legal 1.47% 1,750,000 1,750,000 Freeze 1,750,000
person
Domestic natural
Liu Dan 0.90% 1,071,751 0
person
Domestic natural
Xu Yuanhui 0.56% 666,789 0
person
Overseas natural
Yu Lingfeng 0.51% 612,921 0
person
Domestic natural
Chen Xinqiang 0.51% 612,400 0
person
Domestic natural
Zhang Meilan 0.43% 513,560 0
person
Domestic natural
Feng Yonghui 0.42% 500,000 500,000
person
Domestic natural
Li Jianping 0.37% 445,569 0
person
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of the Share type
Shareholders’ Names
non-restricted shares held Share type Quantity
Foreign shares placed in
Liu Dan 1,071,751 1,071,751
domestic exchange
Foreign shares placed in
Xu Yuanhui 666,789 666,789
domestic exchange
Foreign shares placed in
Yu Lingfeng 612,921 612,921
domestic exchange
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Foreign shares placed in
Chen Xinqiang 612,400 612,400
domestic exchange
Foreign shares placed in
Zhang Meilan 513,560 513,560
domestic exchange
Foreign shares placed in
Li Jianping 445,569 445,569
domestic exchange
CORE PACIFIC-YAMAICHI Foreign shares placed in
424,550 424,550
INTERNATIONAL (H.K.) LIMITED domestic exchange
Foreign shares placed in
Chen Houping 423,561 423,561
domestic exchange
Foreign shares placed in
Liu Guosheng 345,575 345,575
domestic exchange
Foreign shares placed in
Lin Fan 303,400 303,400
domestic exchange
There is no affiliated relationship between the top ten non-restricted tradable
shareholders and the controlling shareholder China Military Equipment Group Co.,
Ltd. nor do they belong to the consistent actors stipulated in the Administrative
Explanation on associated relationship among Measures for the Acquisition of Listed Companies; it is unknown to the company
the aforesaid shareholders whether there is an affiliated relationship between the top ten non-restricted tradable
shareholders as well as between the top ten non-restricted tradable shareholders and
the other top ten shareholders, or whether they are included in the consistent actors
stipulated in the Administrative Measures for the Acquisition of Listed Companies.
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable √Not applicable
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
III Significant Events
1.Significant Issues I. Major changes of main accounting statement items and financial indicators in the
reporting period, as well as reasons for the changes
√ Applicable □ Not applicable
During the reporting period, the Company's product sales and sales price decreased YOY, resulting in a loss
of net profit.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
1.Cancel the Technology Center of the branch Chongqing Jianshe Motorcycle Co., Ltd.
Chongqing Jianshe Motorcycle Co., Ltd. Branch Technology Center's business scope is motorcycle research
and development, which is no longer the company's main business development direction. In order to further
improve the company's business structure and reduce the level of operation, the company convened the 13th
meeting of the eighth Board of Directors on January 14, 2019, and deliberated and passed the Proposal on
Cancellation of Branch Technology Center (for details, see the Announcement on Cancellation of Branch
Technology Center disclosed on January 16, 2019). The cancellation will not change the scope of the company's
consolidated financial statements, will not affect the company's business development and sustained profitability,
and will not harm the interests of the company and all shareholders.
On March 29, 2019, Chongqing Municipal Market Supervision Administration issued the Notice of
Cancellation of Foreign-invested Enterprises (ZY) YZXZ Zi [2019] No. 000137, confirming that the Technology
Center of the company's branch had been canceled.
2. Purchase of equity in Chongqing Jianshe HANON Automobile Thermal Management System Co., Ltd.
To further highlight the development of the main business, On March 31, 2019, the company held the 15th
meeting of the eighth Board of Directors to consider and pass the Proposal on the Purchase of Equity and Related
Party Transactions of Chongqing Jianshe HANON Automobile Thermal Management System Co.,Ltd. On April 8,
2019, the company signed the Stock Rights Transfer Agreement with Chongqing Jianshe Mechanical and Electric
Co., Ltd. to purchase 24.64% equity of Jianshe Hanang held by Chongqing Jianshe Mechanical and Electric Co.,
Ltd. at 24.64% of the appraised value, i.e. 102.7433 million yuan. On April 11, 2019, it was approved and
implemented by the company's first extraordinary shareholders' meeting in 2019. On April 18, 2019, the company
has already paid 102.7433 million yuan for this share transfer. After the completion of this transaction, our
company and HANON respectively hold 50% equity in Jianshe Hanang. According to Stock Rights Transfer
Agreement, the period from the base date of this equity transfer evaluation (November 30, 2018) to the actual
delivery date of the equity transfer is the transitional period of this equity transfer, during which the Company
shall enjoy or bear the profits and losses arising from Jianshe HANON .
3. Joint venture Chongqing Pingshan Taikai Carburetor Co., Ltd.
In order to improve the efficiency of the use of funds, the company and other shareholders of the joint venture
Pingshan Taikai reduced the registered capital of Pingshan Taikai by a total of USD 9 million, of which the
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
company holds 50% equity in Pingshan Taikai and will recover the investment of USD 4.5 million. After the
capital reduction is completed, the registered capital of Pingshan Taikai will be reduced from USD 19 million to
USD 10 million US dollars. The capital reduction has been reviewed and approved by the 12th meeting of the
eighth board of directors of the company on December 4, 2018, and by the 48th board meeting (temporary) of
Pingshan Taikai on December 6, 2018.The industrial and commercial registration work for the capital reduction
was completed on March 28, 2019.
Summary of material issues Date of disclosure Index of provisional announcement
For details, please refer to the related announcements of the
Cancel the Technology Center of the
company disclosed on The Securities Times, Hong Kong
branch Chongqing Jianshe Motorcycle Co., January 16,2019
Commercial Daily and www.cninfo.com.cn(Announcement
Ltd.
No.:2019-001,2019-002)
For details, please refer to the related announcements of the
company disclosed on The Securities Times, Hong Kong
January 16,2019
Commercial Daily and www.cninfo.com.cn(Announcement
Purchase of equity in Chongqing Jianshe
No.:2019-001,2019-003)
HANON
For details, please refer to the related announcements of the
Automobile Thermal Management System
company disclosed on The Securities Times, Hong Kong
Co., Ltd.
April 1,2019 Commercial Daily and www.cninfo.com.cn(Announcement
No.:2019-014,2019-015, 2019-017, 2019-018, 2019-019 and
2019-023)
For details, please refer to the related announcements of the
Joint venture Chongqing Pingshan Taikai company disclosed on The Securities Times, Hong Kong
December 5,2018
Carburetor Co., Ltd. Commercial Daily and www.cninfo.com.cn(Announcement
No.:2018-069,2018-071)
Progress in the implementation of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ Applicable √ Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
No such cases in the reporting period.
IV．Prediction of Business performance for January- June 2019
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□ Applicable √ Not applicable
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
V Securities investments
□ Applicable √ Not applicable
No such cases in the Reporting Period
VI. Investment in derivatives
□ Applicable √Not applicable
No such cases in the Reporting Period
VII. The registration form of acceptance of investigation, communication and interview in the report
period for future reference
√ Applicable □Not applicable
Way of
Reception time Types of visitors Basic index
reception
Q: what is the purpose of acquiring the equity of Construction HANON? A:
Further highlight the development of the main business, broaden the company's
January 16,2019 By phone Other business scope in the field of auto parts, upgrade and expand the product
technology capabilities, and achieve product and technology structure
adjustment.
Q: What’s the impact of the acquisition of Construction HANON's equity on the
Company? A: In the early stage namely the preparation stage and product
market development stage of HANON, with the scale of production and sales of
the company has not yet formed, so there will be certain losses, which will affect
March 26,2019 By phone Individual
the investment income of the Company. However, in the long run, it will help
the Company to participate in the competition in the middle and high-end
market, avoiding future market competition risks and achieving a healthy
development of the Company.
VIII. External guarantee get out of line
□ Applicable √Not applicable
No such cases in the reporting period.
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
No such cases in the reporting period.
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by:Chongqing Jianshe Vehicle System Co., Ltd.
March 31, 2019
In RMB
Items March 31,2019 December 31,2018
Current asset：
Monetary fund 240,606,721.21 351,903,987.18
Settlement provision
Outgoing call loan
Transactional financial assets
Financial assets measured at fair value with variations accounted into
current income account
Derivative financial assets
Notes receivable & account receivable 279,852,232.96 302,964,300.79
Including： Notes receivable 45,512,034.70 28,022,405.38
Account receivable 234,340,198.26 274,941,895.41
Prepayments 19,361,255.10 15,797,660.14
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Other account receivable 6,257,394.24 2,414,406.24
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 176,712,252.35 177,566,823.26
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 3,744,178.02 4,292,742.61
Total of current assets 726,534,033.88 854,939,920.22
Non-current assets：
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Loans and payment on other’s behalf disbursed
Debt investment
Available for sale of financial assets
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 183,455,513.61 187,208,081.45
Other equity instruments investment
Other non-current financial assets
Property investment 34,826,033.83 45,698,993.28
Fixed assets 343,009,757.38 341,863,883.57
Construction in progress 212,893.56
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 23,316,783.25 23,481,249.43
Development expenses
Goodwill
Long-germ expenses to be amortized 2,619,846.56 1,912,833.34
Deferred income tax asset 4,850,090.39 4,850,090.39
Other non-current asset 3,913,096.98 1,815,521.86
Total of non-current assets 596,204,015.56 606,830,653.32
Total of assets 1,322,738,049.44 1,461,770,573.54
Current liabilities
Short-term loans 252,000,000.00 262,000,000.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Financial liabilities measured at fair value with variations accounted
into current income account
Derivative financial liabilities
Notes payable & account payable 756,536,075.56 865,358,755.60
Advance receipts 1,245,318.16 1,982,012.20
Selling of repurchased financial assets
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 4,969,207.94 3,155,693.31
Tax payable 16,959,170.97 19,484,228.95
Other account payable 11,931,821.83 14,988,432.94
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Contract Liabilities
Liabilities held for sales
Non-current liability due within 1 year 1,500,000.00 1,500,000.00
Other current liability
Total of current liability 1,045,141,594.46 1,168,469,123.00
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities
Total of liability 1,045,141,594.46 1,168,469,123.00
Owners’ equity
Share capital 119,375,000.00 119,375,000.00
Other equity instruments
Including：preferred stock
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Sustainable debt
Capital reserves 958,575,094.29 958,575,094.29
Less：Shares in stock
Other comprehensive income
Special reserve
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -926,039,639.31 -910,334,643.75
Total of owner’s equity belong to the parent company 277,596,454.98 293,301,450.54
Minority shareholders’ equity
Total of owners’ equity 277,596,454.98 293,301,450.54
Total of liabilities and owners’ equity 1,322,738,049.44 1,461,770,573.54
Legal Representative: Lv Hongxian Person in charge of accounting：Tan Mingxian Accounting Dept Leader: Niu Yanli
2.Parent Company Balance Sheet
In RMB
Items March 31, 2019 December 31, 2018
Current asset：
Monetary fund 65,866,400.99 66,377,117.54
Transactional financial assets
Financial assets measured at fair value with variations accounted into
current income account
Derivative financial assets
Notes receivable & account receivable 3,396,138.17 13,806,752.51
Including：Notes receivable 1,000,000.00 12,106,000.00
Account receivable 2,396,138.17 1,700,752.51
Prepayments 8,367,730.54 7,910,371.97
Other account receivable 4,570,473.13 567,726.24
Including：Interest receivable
Dividend receivable
Inventories 12,887,828.87 14,582,880.35
Contract assets
Assets held for sales
Non-current asset due within 1 year
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Other current asset 3,744,178.02 4,292,742.61
Total of current assets 98,832,749.72 107,537,591.22
Non-current assets：
Debt investment
Available for sale of financial assets
Other investment on bonds
Expired investment in possess
Long-term receivable
Long term share equity investment 343,455,513.62 347,208,081.45
Other equity instruments investment
Other non-current financial assets
Property investment 34,826,033.83 45,698,993.28
Fixed assets 129,731,092.74 121,333,665.76
Construction in progress 212,893.56
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 14,903,118.28 15,007,629.61
Development expenses
Goodwill
Long-germ expenses to be amortized 2,270,305.15 1,418,480.05
Deferred income tax asset
Other non-current asset
Total of non-current assets 525,398,957.18 530,666,850.15
Total of assets 624,231,706.90 638,204,441.37
Current liabilities
Short-term loans
Transactional financial liabilities
Financial liabilities measured at fair value with variations accounted
into current income account
Derivative financial liabilities
Notes payable & account payable 202,646,423.93 200,972,608.59
Advance receipts 180,083.38 180,083.38
Contract Liabilities
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Employees’ wage payable 1,970,664.09 185,652.20
Tax payable 16,231,089.95 15,239,129.76
Other account payable 222,347,738.82 223,902,707.22
Including：Interest payable
Dividend payable
Liabilities held for sales
Non-current liability due within 1 year
Other current liability
Total of current liability 443,376,000.17 440,480,181.15
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities
Total of liability 443,376,000.17 440,480,181.15
Owners’ equity
Share capital 119,375,000.00 119,375,000.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 958,575,094.29 958,575,094.29
Less：Shares in stock
Other comprehensive income
Special reserve
Surplus reserves 125,686,000.00 125,686,000.00
Retained profit -1,022,780,387.56 -1,005,911,834.07
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Total of owners’ equity 180,855,706.73 197,724,260.22
Total of liabilities and owners’ equity 624,231,706.90 638,204,441.37
3.Consolidated Income statement
In RMB
Same period of the previous
Items Report period
year
I. Income from the key business 208,419,491.98 266,811,269.51
Including：Business income 208,419,491.98 266,811,269.51
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 222,452,818.78 267,631,320.48
Including：Business cost 187,696,471.26 223,587,373.59
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount of withdrawal of insurance contract reserve
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 2,536,742.68 2,638,416.93
Sales expense 4,459,442.04 7,113,031.90
Administrative expense 20,307,711.48 19,150,652.77
R & D costs 3,296,251.21 2,589,866.14
Financial expenses 4,156,200.11 12,551,979.15
Including：Interest expense 5,151,406.45 12,536,909.63
Interest income 957,214.94 -19,847.41
Asset impairment loss
Credit impairment loss
Add：Other income
Investment gain（“-”for loss） -1,752,567.83 1,050,127.57
Including: investment gains from affiliates -1,752,567.83 1,050,127.57
Gains from currency exchange
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Net exposure hedging income
Changing income of fair value
Income on disposal of assets
III. Operational profit（“-”for loss） -15,785,894.63 230,076.60
Add ：Non-operational income 286,232.83 335,820.00
Less: Non-operating expense 4,553.78
IV. Total profit(“-”for loss) -15,499,661.80 561,342.82
Less：Income tax expenses 205,333.76 141,820.67
V. Net profit -15,704,995.56 419,522.15
(I) Classification by business continuity
1.Net continuing operating profit
2.Termination of operating net profit
(II) Classification by ownership
Net profit attributable to the owners of parent company -15,704,995.56 55,789.60
Minority shareholders’ equity 363,732.55
VI. Net after-tax of other comprehensive income
Net of profit of other comprehensive income attributable to owners of t
he parent company.
（I）Other comprehensive income items that will not be reclassified
into gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or net
assets
2.Other comprehensive income under the equity method investee can n
ot be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity instruments
4. Changes in the fair value of the company’s credit risks
5.Other
（II）
Other comprehensive income that will be reclassified into profit or loss.
1.Other comprehensive income under the equity method investee can b
e reclassified into profit or loss.
2. Changes in the fair value of investments in other debt obligations
3.Gains and losses from changes in fair value available for sale financia
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
l assets
4. Other comprehensive income arising from the reclassification of
financial assets
5.Held-to-maturity investments reclassified to gains and losses of availa
ble for sale financial assets
6. Allowance for credit impairments in investments in other debt
obligations
7. Reserve for cash flow hedges
8. Translation differences in currency financial statements
9.Other
Net of profit of other comprehensive income attributable to Minority
shareholders’ equity
VII. Total comprehensive income -15,704,995.56 419,522.15
Total comprehensive income attributable to the owner of the parent
-15,704,995.56 55,789.60
company
Total comprehensive income attributable minority shareholders 363,732.55
VIII. Earnings per share
（I）Basic earnings per share -0.1316 0.0005
(II)Diluted earnings per share -0.1316 0.0005
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal Representative: Lv Hongxian Person in charge of accounting：Tan Mingxian Accounting Dept Leader: Niu Yanli
4. Income statement of the Parent Company
In RMB
Same period of the previous
Items Report period
year
I. Revenue 154,431,343.28 190,420,519.34
Including：Business cost 155,625,182.84 177,723,924.27
Business tax and surcharge 1,108,561.97 1,278,598.27
Sales expense 234,066.25 111,405.40
Administrative expense 10,887,375.39 7,327,784.02
R & D costs 299,740.72
Financial expenses 1,469,083.00 7,778,714.33
Including：Interest expenses 1,592,445.56 7,790,765.13
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Interest income 3,933.11 163.70
Asset impairment loss 0.00
Credit impairment loss
Add：Other income
Investment gain（“-”for loss） -1,752,567.83 1,050,127.57
Including: investment gains from affiliates -1,752,567.83 1,050,127.57
Net exposure hedging income
Changing income of fair value
Income on disposal of assets
II. Operational profit（“-”for loss） -16,945,234.72 -2,749,779.38
Add ：Non-operational income 76,681.23 1,050.00
Less：Non -operational expenses 3,797.36
III. Total profit(“-”for loss) -16,868,553.49 -2,752,526.74
Less：Income tax expenses
IV. Net profit -16,868,553.49 -2,752,526.74
1.Net continuing operating profit
2.Termination of operating net profit
V. Net after-tax of other comprehensive income
（I）Other comprehensive income items that will not be reclassified
into gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or net
assets
2.Other comprehensive income under the equity method investee can n
ot be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity instruments
4. Changes in the fair value of the company’s credit risks
5.Other
（II）
Other comprehensive income that will be reclassified into profit or loss.
1.Other comprehensive income under the equity method investee can b
e reclassified into profit or loss.
2. Changes in the fair value of investments in other debt obligations
3.
Gains and losses from changes in fair value available for sale financial
assets
4. Other comprehensive income arising from the reclassification of
19
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
financial assets
5.Held-to-maturity investments reclassified to gains and losses of availa
ble for sale financial assets
6. Allowance for credit impairments in investments in other debt
obligations
7. Reserve for cash flow hedges
8. Translation differences in currency financial statements
9.Other
VI. Total comprehensive income -16,868,553.49 -2,752,526.74
VII. Earnings per share
（I）Basic earnings per share -0.1413 -0.0231
(II)Diluted earnings per share -0.1413 -0.0231
5. Consolidated Cash flow statement
In RMB
Same period of the previous
Items Report period
year
I. Cash flows from operating activities
Cash received from sales of goods or rending of services 88,800,738.74 86,056,249.22
Net increase of customer deposits and capital kept for brother
company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Net increase of amount from disposal financial assets that measured by
fair value and with variation reckoned into current gains/losses
Cash received from interest, commission charge and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Net cash received by agent in securities trading
Tax returned 5,164,177.22 3,812,000.49
Other cash received from business operation 2,101,284.84 13,176,721.25
Sub-total of cash inflow 96,066,200.80 103,044,970.96
20
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Cash paid for purchasing of merchandise and services 31,521,904.01 38,031,605.78
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Net increase in financial assets held for trading purposes
Net increase for Outgoing call loan
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 26,906,538.41 17,590,863.16
Taxes paid 2,858,709.62 3,588,243.67
Other cash paid for business activities 5,306,815.79 25,128,200.25
Sub-total of cash outflow from business activities 66,593,967.83 84,338,912.86
Net cash generated from /used in operating activities 29,472,232.97 18,706,058.10
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 3,500,000.00
Net cash retrieved from disposal of fixed assets, intangible assets, and
20,447.77
other long-term assets
Net cash received from disposal of subsidiaries or other operational
units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 20,447.77 3,500,000.00
Cash paid for construction of fixed assets, intangible assets and other
2,804,989.02 936,730.00
long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 2,804,989.02 936,730.00
Net cash flow generated by investment -2,784,541.25 2,563,270.00
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from minor shareholders
Cash received as loans 20,000,000.00
Cash received from bond placing
21
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Other financing –related cash received 226,006,425.05 241,424,641.21
Sub-total of cash inflow from financing activities 246,006,425.05 241,424,641.21
Cash to repay debts 30,950,645.83 99,388,791.66
Cash paid as dividend, profit, or interests 5,107,223.98 12,536,981.63
Including: Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 223,192,941.23 164,912,203.61
Sub-total of cash outflow due to financing activities 259,250,811.04 276,837,976.90
Net cash flow generated by financing -13,244,385.99 -35,413,335.69
IV. Influence of exchange rate alternation on cash and cash equivalents
V.Net increase of cash and cash equivalents 13,443,305.73 -14,144,007.59
Add: balance of cash and cash equivalents at the beginning of term 72,551,130.34 126,225,466.46
VI ..Balance of cash and cash equivalents at the end of term 85,994,436.07 112,081,458.87
6. Cash Flow Statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 26,033,156.46 21,371,401.99
Tax returned
Other cash received from business operation 63,963.21 1,213.70
Sub-total of cash inflow 26,097,119.67 21,372,615.69
Cash paid for purchasing of merchandise and services 12,755,825.18 12,431,344.85
Cash paid to staffs or paid for staffs 12,994,998.68 8,081,354.30
Taxes paid 72,338.50 821,069.29
Other cash paid for business activities 454,815.54 1,222,828.82
Sub-total of cash outflow from business activities 26,277,977.90 22,556,597.26
Net cash generated from /used in operating activities -180,858.23 -1,183,981.57
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 3,500,000.00
Net cash retrieved from disposal of fixed assets, intangible assets, and
20,447.77
other long-term assets
Net cash received from disposal of subsidiaries or other operational
units
22
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Other investment-related cash received
Sub-total of cash inflow due to investment activities 20,447.77 3,500,000.00
Cash paid for construction of fixed assets, intangible assets and other
2,799,028.48 249,600.00
long-term assets
Cash paid as investment
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 2,799,028.48 249,600.00
Net cash flow generated by investment -2,778,580.71 3,250,400.00
III. Cash flow generated by financing
Cash received as investment
Cash received as loans
Cash received from bond placing
Other financing –related ash received 82,360,000.00 182,301,000.00
Sub-total of cash inflow from financing activities 82,360,000.00 182,301,000.00
Cash to repay debts 0.00 0.00
Cash paid as dividend, profit, or interests 3,119,273.98 7,790,837.13
Other cash paid for financing activities 76,792,003.63 174,429,783.33
Sub-total of cash outflow due to financing activities 79,911,277.61 182,220,620.46
Net cash flow generated by financing 2,448,722.39 80,379.54
IV. Influence of exchange rate alternation on cash and cash equivalents
V.Net increase of cash and cash equivalents -510,716.55 2,146,797.97
Add: balance of cash and cash equivalents at the beginning of term 66,377,117.54 93,728,199.64
VI ..Balance of cash and cash equivalents at the end of term 65,866,400.99 95,874,997.61
II Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year of any New
Standards Governing Financial Instruments, Revenue or Leases
√ Applicable □ Not applicable
Consolidated balance sheet
In RMB
Items December 31, 2018 January 1, 2019 Adjustment
Current asset：
23
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Monetary fund 351,903,987.18 351,903,987.18
Notes receivable & account receivable 302,964,300.79 302,964,300.79
Including：Notes receivable 28,022,405.38 28,022,405.38
Account receivable 274,941,895.41 274,941,895.41
Prepayments 15,797,660.14 15,797,660.14
Other account receivable 2,414,406.24 2,414,406.24
Inventories 177,566,823.26 177,566,823.26
Other current assets 4,292,742.61 4,292,742.61
Total of current assets 854,939,920.22 854,939,920.22
Non-current assets：
Long term share equity investment 187,208,081.45 187,208,081.45
Property investment 45,698,993.28 45,698,993.28
Fixed assets 341,863,883.57 341,863,883.57
Intangible assets 23,481,249.43 23,481,249.43
Long-germ expenses to be amortized 1,912,833.34 1,912,833.34
Deferred tax assets 4,850,090.39 4,850,090.39
Other non-current asset 1,815,521.86 1,815,521.86
Total of non-current assets 606,830,653.32 606,830,653.32
Total of assets 1,461,770,573.54 1,461,770,573.54
Current liabilities
Short-term loans 262,000,000.00 262,000,000.00
Notes payable & account payable 865,358,755.60 865,358,755.60
Advance payment 1,982,012.20 1,982,012.20
Employees’ wage payable 3,155,693.31 3,155,693.31
Tax payable 19,484,228.95 19,484,228.95
Other account payable 14,988,432.94 14,988,432.94
Non-current liability due within 1 year 1,500,000.00 1,500,000.00
Total of current liability 1,168,469,123.00 1,168,469,123.00
Non-current liabilities：
Total of liability 1,168,469,123.00 1,168,469,123.00
Owners’ equity
Share capital 119,375,000.00 119,375,000.00
Capital reserves 958,575,094.29 958,575,094.29
Surplus reserves 125,686,000.00 125,686,000.00
24
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Retained profit -910,334,643.75 -910,334,643.75
Total of owner’s equity belong to the parent
293,301,450.54 293,301,450.54
company
Total of owners’ equity 293,301,450.54 293,301,450.54
Total of liabilities and owners’ equity 1,461,770,573.54 1,461,770,573.54
Adjustment statement
Parent Company Balance Sheet
In RMB
Items December 31, 2018 January 1, 2019 Adjustment
Current asset：
Monetary fund 66,377,117.54 66,377,117.54
Notes receivable & account receivable 13,806,752.51 13,806,752.51
Including：Notes receivable 12,106,000.00 12,106,000.00
Account receivable 1,700,752.51 1,700,752.51
Prepayments 7,910,371.97 7,910,371.97
Other account receivable 567,726.24 567,726.24
inventories 14,582,880.35 14,582,880.35
Other current assets 4,292,742.61 4,292,742.61
Total of current assets 107,537,591.22 107,537,591.22
Non-current assets：
Long term share equity investment 347,208,081.45 347,208,081.45
Property investment 45,698,993.28 45,698,993.28
Fixed assets 121,333,665.76 121,333,665.76
Intangible assets 15,007,629.61 15,007,629.61
Long-germ expenses to be amortized 1,418,480.05 1,418,480.05
Total of non-current assets 530,666,850.15 530,666,850.15
Total of assets 638,204,441.37 638,204,441.37
Current liabilities
Notes payable & account payable 200,972,608.59 200,972,608.59
Advance payment 180,083.38 180,083.38
Employees’ wage payable 185,652.20 185,652.20
Tax payable 15,239,129.76 15,239,129.76
Other account payable 223,902,707.22 223,902,707.22
25
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2019
Total of current liability 440,480,181.15 440,480,181.15
Non-current liabilities：
Total of liability 440,480,181.15 440,480,181.15
Owners’ equity
Share capital 119,375,000.00 119,375,000.00
Capital reserves 958,575,094.29 958,575,094.29
Surplus reserves 125,686,000.00 125,686,000.00
Retained profit -1,005,911,834.07 -1,005,911,834.07
Total of owners’ equity 197,724,260.22 197,724,260.22
Total of liabilities and owners’ equity 638,204,441.37 638,204,441.37
Adjustment statement
2. Retrospective Restatement of Previous Comparative Data due to the First Execution of any New
Standards Governing Financial Instruments or Leases
□ Applicable √ Not applicable
III. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
The First Quarterly report is not audited.
26
