Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2024
Stock code: 200054 Stock Abbreviation: Jianshe Vehicle B Announcement No.: 2024-031
Chongqing Jianshe Vehicle System Co., Ltd.
The First Quarterly Report 2024
The Company and its directors hereby guarantee that the content of information disclosure is real,
accurate, complete and free from any false record, misleading representation or material omissions.
Important notes
1.The Board of Directors and the Supervisory Committee of the Company and its directors, supervisors and
senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any
fictitious statements, misleading statements or important omissions carried in this report, and shall take legal
responsibilities, individual and or joint.
2. Person in charge of the Company, Person in charge of accounting and person in charge of accounting organ
(accounting officer) hereby confirm that the financial information of this Quarterly Report is authentic, accurate
and complete.
3. The first quarterly report audited or not
□Yes √No
1
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2024
I. Main financial data
(i) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √ No
Changes of this period
Same period of last
This period over same period of last
year
year（％）
Operating revenue（Yuan） 136,794,165.72 95,871,501.13 42.68%
Net profit attributable to the shareholders of the
-14,505,736.12 -26,718,192.49 45.71%
listed company（Yuan）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of listed -14,815,002.37 -27,582,654.93 46.29%
company（Yuan）
Net cash generated from /used in operating
22,362,904.52 -16,520,111.28 235.37%
activities（Yuan）
Basic earning per share(Yuan/Share) -0.1215 -0.2238 45.71%
Diluted gains per share(Yuan/Share) -0.1215 -0.2238 45.71%
Weighted average return on equity（%） -39.55% -27.27% -12.28%
Changes of this period-
End of this period End of last period end over same period-end
of last year(%)
Total assets（Yuan） 855,807,127.68 872,186,552.37 -1.88%
Net assets attributable to the shareholders of the
29,679,339.50 43,673,039.41 -32.04%
listed company（Yuan）
(ii)Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Items Current amount Note
Government subsidies recognized in current gain and loss(excluding those
35,326.56
closely related to the Company’s business and granted under the state’s policies)
Other non-business income and expenditures other than the above 273,939.69
Total 309,266.25 --
Details of other gains/losses items that meets the definition of non-recurring gains/losses:
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.
Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss
□ Applicable √ Not applicable
There are no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss.
2
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2024
(iii)Particulars about material changes in items of main accounting statement and financial index and
explanations of reasons
√ Applicable □Not applicable
During the reporting period, the Company's operating income increased by 42.68% YOY, the net profit
increased by 45.71% YOY, and the net cash flow from operating activities increased by 235.37% YOY, which
was mainly due to the YOY increase of 41.54% in the sales of the company's automotive air-conditioning
compressor products in the first quarter. The owner's equity attributable to shareholders of the listed company
decreased by 32.04% compared with the beginning of the period, which was mainly due to the negative net
profit of the Company in the first quarter.
II. Shareholders Information
(i) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
In Shares
Total number of common Total preference shareholders with the voting power
6,760 0
shareholders at the period-end recovered at the end of the reporting period(if any)
Shares held by the top 10 shareholders（Excluding shares lent through refinancing)
Amount of Pledging or freezing
Share tradable shares
Properties of
Shareholder name proporti Quantity with Status of the Quanti
shareholder
on % Conditional shares ty
held
China Military Equipment State-owned legal
71.13% 84,906,250.00 84,906,250.00 Not applicable 0.00
Group Co., Ltd. person
Domestic natural
Gu Zuocheng 1.89% 2,261,000.00 2,218,750.00 Not applicable 0.00
person
Anhui Hengsheng Domestic non-
Investment Development state-owned legal 1.47% 1,750,000.00 1,750,000.00 Not applicable 0.00
Co., Ltd. person
Domestic natural
Xu Yuanhui 0.84% 999,899.00 0.00 Not applicable 0.00
person
Domestic natural
Liu Dan 0.74% 879,376.00 0.00 Not applicable 0.00
person
Domestic natural
Chen Xinqiang 0.51% 612,400.00 0.00 Not applicable 0.00
person
CORE PACIFIC-
YAMAICHI Overseas Legal
0.51% 605,650.00 0.00 Not applicable 0.00
INTERNATIONAL person
(H.K.) LIMITED
Domestic natural
Feng Yonghui 0.42% 500,000.00 500,000.00 Not applicable 0.00
person
Domestic natural
Li Jianping 0.37% 439,850.00 0.00 Not applicable 0.00
person
Domestic natural
Zhang Long 0.37% 439,452.00 0.00 Not applicable 0.00
person
Shares held by the Top 10 Shareholders of Non-restricted shares
Shareholders’ Names Number of the non-restricted Share type
3
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2024
shares held Share type Quantity
Foreign shares placed in domestic
Xu Yuanhui 999,899.00 999,899.00
exchange
Foreign shares placed in domestic
Liu Dan 879,376.00 879,376.00
exchange
Foreign shares placed in domestic
Chen Xinqiang 612,400.00 612,400.00
exchange
CORE PACIFIC-
YAMAICHI Foreign shares placed in domestic
605,650.00 605,650.00
INTERNATIONAL exchange
(H.K.) LIMITED
Foreign shares placed in domestic
Li Jianping 439,850.00 439,850.00
exchange
Foreign shares placed in domestic
Zhang Long 439,452.00 439,452.00
exchange
Foreign shares placed in domestic
Chen Houping 424,000.00 424,000.00
exchange
Foreign shares placed in domestic
Lv Gang 418,099.00 418,099.00
exchange
Foreign shares placed in domestic
Lou Guosheng 345,575.00 345,575.00
exchange
Foreign shares placed in domestic
Jiang Guangsen 314,799.00 314,799.00
exchange
There isn’t any associated relationship between the sponsoring
shareholder and the other shareholders among the top-10 list. None of
Explanation on associated relationship among the them are regarded as ‘Acting in concert’ in accordance with ‘The rules of
aforesaid shareholders information disclosure on change of shareholding.’ Foreign shareholders
are unknown for their condition of ‘Associated relationship’ and ‘Acting
in concert’.
Participation of top 10 unconditional common share
Not applicable
shareholders in securities margin trading (if any)
Information of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10
shareholders of unrestricted tradable shares participating in the lending of shares in securities lending and
borrowing business
□Applicable Not applicable
The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared
with the previous period due to the securities lending/returning,
□Applicable Not applicable
(ii)Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end
of the report period
□ Applicable √Not applicable
III. Other important matters
□ Applicable √Not applicable
IV. Quarterly financial statements
（i）Financial statement
4
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2024
1. Consolidated balance sheet
Prepared by: Chongqing Jianshe Vehicle System Co., Ltd.
March 31, 2024
In RMB
Items Ending balance Opening balance
Current asset：
Monetary fund 96,745,205.08 137,195,899.72
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Notes receivable 5,438,763.04 6,041,598.66
Account receivable 133,797,394.92 125,956,261.01
Financing receivable 30,259,776.96 24,290,736.39
Prepayments 4,814,191.03 2,651,180.08
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 2,284,886.05 1,825,860.96
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventory 142,335,372.31 130,309,955.62
Including：Data resources
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 2,403,178.75 1,981,210.62
Total of current assets 418,078,768.14 430,252,703.06
Non-current assets：
Loans and payment on other’s behalf
disbursed
Creditor's Investment
Other Creditor's Investment
Long-term receivable
Long term share equity investment 222,880,048.48 221,207,680.99
Other equity instruments investment
Other non-current financial assets
Property investment
Fixed assets 183,952,751.66 188,907,962.58
Construction in progress 14,636,116.80 15,244,362.53
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 10,384,622.51 10,724,848.59
Including：Data resources
Development expenses
Including：Data resources
Goodwill
Long-germ expenses to be amortized 11,908.00 23,582.53
5
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2024
Deferred income tax asset 5,755,412.09 5,755,412.09
Other non-current asset 107,500.00 70,000.00
Total of non-current assets 437,728,359.54 441,933,849.31
Total of assets 855,807,127.68 872,186,552.37
Current liabilities
Short-term loans 502,493,500.00 540,993,500.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 30,000,000.00 28,080,000.00
Account payable 261,219,276.85 229,626,385.55
Advance receipts
Contract liabilities 2,183,276.69 2,058,111.01
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 6,536,123.11 6,722,120.46
Tax payable 7,280,310.65 6,702,419.03
Other account payable 10,175,168.31 8,535,416.39
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year
Other current liability 5,684,645.54 5,152,509.50
Total of current liability 825,572,301.15 827,870,461.94
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 555,487.03 643,051.02
Other non-current liabilities
Total non-current liabilities 555,487.03 643,051.02
Total of liability 826,127,788.18 828,513,512.96
Owners’ equity
Share capital 119,375,000.00 119,375,000.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 958,565,294.29 958,565,294.29
Less：Shares in stock
Other comprehensive income 9,800.00 9,800.00
Special reserve 5,659,747.61 5,147,711.40
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -1,179,616,502.40 -1,165,110,766.28
6
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2024
Total of owner’s equity belong to the
29,679,339.50 43,673,039.41
parent company
Minority shareholders’ equity
Total of owners’ equity 29,679,339.50 43,673,039.41
Total of liabilities and owners’ equity 855,807,127.68 872,186,552.37
Legal Representative: Fan Aijun
Person in charge of accounting：Tan Mingxian
Accounting Dept Leader: Niu Yanli
2.Consolidated Income Statement
In RMB
Items Current period Last period
I. Income from the key business 136,794,165.72 95,871,501.13
Incl：Business income 136,794,165.72 95,871,501.13
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 153,369,099.57 124,461,521.39
Incl：Business cost 128,721,235.03 93,419,911.90
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 1,408,080.18 1,767,326.80
Sales expense 3,112,229.13 2,500,068.35
Administrative expense 9,078,287.62 13,501,291.53
R & D costs 6,379,914.46 8,361,041.19
Financial expenses 4,669,353.15 4,911,881.62
Including：Interest expense
Interest income
Add: Other income 35,326.56 785,385.63
Investment gain（“-”for loss） 1,672,367.49 919,801.34
Incl: investment gains from affiliates 1,672,367.49 919,801.34
Financial assets measured at amortized cost cease to be recognized
as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets
Assets disposal income
III. Operational profit（“-”for loss） -14,867,239.80 -26,884,833.29
Add ：Non-operational income 282,322.95 79,086.60
Less: Non-operating expense 8,383.26 9.79
IV. Total profit(“-”for loss) -14,593,300.11 -26,805,756.48
Less：Income tax expenses -87,563.99 -87,563.99
V. Net profit -14,505,736.12 -26,718,192.49
7
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2024
(I) Classification by business continuity
1.Net continuing operating profit
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of parent company -14,505,736.12 -26,718,192.49
2.Minority shareholders’ equity
VI. Net after-tax of other comprehensive income
Net of profit of other comprehensive income attributable to owners
of the 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 c
an not 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 c
an be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
3. Other comprehensive income arising from the reclassification of
financial assets
4.Allowance for credit impairments in investments in other debt
obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statements
7.Other
Net of profit of other comprehensive income attributable to Minori
ty shareholders’ equity
VII. Total comprehensive income -14,505,736.12 -26,718,192.49
Total comprehensive income attributable to the owner of the parent
-14,505,736.12 -26,718,192.49
company
Total comprehensive income attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.1215 -0.2238
(II)Diluted earnings per share -0.1215 -0.2238
Legal Representative: Fan Aijun
Person in charge of accounting：Tan Mingxian
Accounting Dept Leader: Niu Yanli
3. Consolidated Cash flow statement
In RMB
Items Current period Last period
I. Cash flows from operating activities
Cash received from sales of goods or rending of 105,956,399.22 66,284,849.64
8
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2024
services
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
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 5,439,404.63 5,045,862.06
Other cash received from business operation 3,553,420.45 4,117,894.49
Sub-total of cash inflow 114,949,224.30 75,448,606.19
Cash paid for purchasing of merchandise and services 64,110,141.55 53,951,332.54
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 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 24,200,203.37 31,674,449.20
Taxes paid 1,166,926.31 1,994,486.47
Other cash paid for business activities 3,109,048.55 4,348,449.26
Sub-total of cash outflow from business activities 92,586,319.78 91,968,717.47
Net cash generated from /used in operating activities 22,362,904.52 -16,520,111.28
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains
Net cash retrieved from disposal of fixed assets,
intangible assets, and 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
Cash paid for construction of fixed assets, intangible
1,148,755.00 3,510,553.68
assets and other 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 1,148,755.00 3,510,553.68
Net cash flow generated by investment -1,148,755.00 -3,510,553.68
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from minor
shareholders
Cash received as loans 30,000,000.00 156,603,500.00
Other financing –related cash received 27,980.39
Sub-total of cash inflow from financing activities 30,027,980.39 156,603,500.00
Cash to repay debts 68,500,000.00 191,813,500.00
Cash paid as dividend, profit, or interests 5,102,824.55 5,446,210.62
Including: Dividend and profit paid by subsidiaries to
minor shareholders
9
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2024
Other cash paid for financing activities 12,009,970.50 43,520,704.36
Sub-total of cash outflow due to financing activities 85,612,795.05 240,780,414.98
Net cash flow generated by financing -55,584,814.66 -84,176,914.98
IV. Influence of exchange rate alternation on cash and
cash equivalents
V.Net increase of cash and cash equivalents -34,370,665.14 -104,207,579.94
Add: balance of cash and cash equivalents at the
128,115,870.22 179,954,522.99
beginning of term
VI ..Balance of cash and cash equivalents at the end of
93,745,205.08 75,746,943.05
term
（ii）The Company started implementing the updated accounting standards commencing from 2024 and
adjusted the relevant items in the financial statements at the beginning of the very year involved in the
initial implementation of the said standards
□Applicable Not applicable
(iii) Auditors 'Report
Is the First Quarterly Report be audited?
□ Yes √No
The First Quarterly report is not audited.
The Board of Directors of Chongqing Jianshe Vehicle System Co., Ltd.
April 30, 2024
10
