Chongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2009 (Full Text)
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Chongqing Jianshe Motorcycle Co., Ltd.
The 3rd Quarterly Report 2009 (Full text)
§1 Important Declaration
1.1 The Board of Directors and the directors of the Company guarantee that there are no significant omissions,
fictitious or misleading statements carried in the Report and we will accept individual and joint responsibilities for
the truthfulness, accuracy and completeness of the Report.
1.2 The 3rd Quarterly Report is not audited by CPA.
1.3 Mr. Cai Tao, the responsible person of the Company, Mr. Tengfeng, the Financial Officer, and Mr. Liao Jian,
the Accounting Manager declare: the financial statements carried in this report are secured for their truthfulness
and completeness.
§2 Company Profile
2.1 Financial highlights
In RMB Yuan
2009.9.30 2008.12.31 Changed by (%)
Gross Assets (RMB) 3,286,812,357.29 2,723,960,062.85 20.66%
Owners’ equity attributable to the
shareholders of the listed company (yuan) 445,487,092.11 439,421,949.68 1.38%
Capital shares (shares) 477,500,000.00 477,500,000.00 0.00%
Net asset per share attributable to the
shareholders of the listed company
(Yuan/share)
0.93 0.92 1.09%
July-Sept. 2009 Changed over the
previous year (%) Jan-Sept. 2009 Changed over the
previous year (%)
Turnover (yuan) 623,645,730.99 -0.98% 1,747,593,280.19 -13.44%
Net profit attributable to shareholders of
the listed company (yuan) -5,626,696.25 -340.39% 5,565,142.43 -38.74%
Net Cash flow generated by business
operation (RMB) - - 41,993,277.74 215.02%
Net Cash flow per share generated by
business operation (yuan/share) - - 0.09 212.50%
Basic earnings per share (Yuan/share) -0.01 0.01 -50.00%
Diluted earnings per share (Yuan/share) -0.01 0.01 -50.00%
Net return on equity (%) -1.26% -0.82% 1.25% -1.87%
Net earnings / capital ratio after deducting
of non-recurring gain/loss (%) -1.54% 0.50% -1.73% 1.52%Chongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2009 (Full Text)
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In RMB Yuan
Non-recurring gain and loss items Amount from beginning of year to
the end of report term Note
Gain/loss of non-current assets 1,918,322.22
Government subsidies accounted into current gain/loss account, other
than those closely related to the Company’s common business, comply
with the national policy and continues to enjoy at certain fixed rate or
amount.
9,987,134.29
Gain/loss from debt reorganization 423,249.83
Other gain/loss items satisfying the definition of non-recurring
gain/loss account 948,104.78
Total 13,276,811.12 -
2.2 Total of shareholders and top-10 holders of current shares
in shares
Total shareholders at the end of the report period (accounts) 17,142
Top Ten Shareholders of Negotiable Shares
Full name of shareholder Negotiable shares held at the end of
report term Categories
Yin Gang 580,000 Foreign shares placed in domestic
exchange
Shanghai Hong Kong Wanguo Securities 440,000 Foreign shares placed in domestic
exchange
Peng Daqiang 423,249 Foreign shares placed in domestic
exchange
Yang Shuitian 393,750 Foreign shares placed in domestic
exchange
Li Tangji 392,200 Foreign shares placed in domestic
exchange
Liu Xingzhong 382,900 Foreign shares placed in domestic
exchange
Xu Shaolin 347,900 Foreign shares placed in domestic
exchange
Yuan Runyan 344,600 Foreign shares placed in domestic
exchange
Cai Zujian 333,400 Foreign shares placed in domestic
exchange
WANG,HUANSHENG 326,800Foreign shares placed in domestic
exchange
§3 Significant Events
3.1 Details and causations of major change in major accounting subjects and financial indices
√ applicable □ not applicable
1. Monetary capital: monetary capital increased significantly, which was caused by increasing of security deposit along with increasing
of bank notes at end of term;
2. Account receivable: account receivable increased significantly in the report term, which was caused by increasing of air-compressor
sales;
3. Other receivable: other account receivable decreased significantly in the report term, which was caused by receiving of
compensation for moving from Chongqing Jianshe Industry Co., Ltd. at end of 2008.
4. Construction in process: construction in process increased significantly, for some of the newly installed equipment were not through
acceptance procedures yet;Chongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2009 (Full Text)
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5. Account received in advance: increased significantly for large amount of orders are scheduled for delivery at end of month, and not
delivered yet;
6. Other payables: increased significantly, which was caused by postpone of stipulate fees according to document
Yu-Lao-She-Fa[2008]57;
7. Special payable: special payable decreased significantly, which was caused by transmitting of moving losses amounted to RMB45
million;
8. Asset impairment loss: which was mainly caused by receiving of compensation for moving amounted to RMB184 million from
Chongqing Jianshe Industry Co., Ltd. at end of 2008, the corresponding bad debt was reduced.
3.2 Progress of significant events, their influence, countermeasures, and analysis
□applicable √ not applicable
3.3 Fulfilling of commitment issues made by the Company, shareholder, or substantial controller
□applicable √ not applicable
3.4 Estimated accumulative profit from the year beginning to the end of the next report period may be of
deficits; or in comparison with the same period of the previous year, give the warning of great change and
the notice to the reasons.
□applicable √ not applicable
3.5 Major events needs to be explained
None
3.5.1 Reception of investigations, communications, or interviews
Time/date Place Way Visitors Main content involved and material provided
July 02, 2009 The
Company
Telephone
communicati
on
Mr. Wang etc.
Q: Why the stock of the Company suspended for trading today?
A: There was an article on newspapers titled “Jialin, Jianshe, and
Qingqi will be reorganized, Chongqing will become the largest base
of motorcycle”. Suspending of the stock trading was to prevent
irregular fluctuation and protect the interest of the investors. The
trading will be resumed as soon as the Company verified the
situation to the controlling shareholder and announced to the public.
3.6 Investment in derivate financial instruments
□applicable √ not applicable
3.6.1 Derivate financial instrument stock at end of report term
□applicable √ not applicable
§4 Attachments
4.1 Balance Sheet
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd. Sept. 30th 2009 in RMB yuanChongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2009 (Full Text)
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Balance at the end of term Balance at the beginning of year
Items
Consolidated Parent company Consolidated Parent company
Current asset:
Monetary capital 1,066,630,292.11 589,205,793.79 655,689,499.52 290,589,929.93
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 61,484,001.76 4,804,800.00 85,162,740.70 1,937,070.00
Account receivable 237,332,523.85 12,802,739.00 133,289,191.60 11,403,417.88
Prepayment 198,639,355.26 165,667,955.28 153,406,071.47 120,207,407.20
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 71,903,372.84 259,990,878.13 187,024,743.83 320,808,578.26
Repurchasing of financial assets
Inventories 221,328,413.27 52,800,918.18 196,891,648.70 57,876,449.31
Non-current asset due in 1 year
Other current asset
Total of current asset 1,857,317,959.09 1,085,273,084.38 1,411,463,895.82 802,822,852.58
Non-current assets
Loans and payment on other’s behalf disbursed
Disposable financial asset 3,236,800.00 1,352,400.00
Expired investment in possess
Long-term receivable
Long-term share equity investment 595,219,996.99 746,829,125.45 585,145,993.61 734,870,722.07
Investment properties
Fixed assets 517,256,425.87 323,415,095.28 556,672,006.13 350,762,991.73
Construction in process 164,698,455.13 164,577,374.78 23,933,192.72 23,917,603.72
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 86,555,670.68 62,262,886.78 94,070,298.02 69,369,460.33
R&D expense 39,477,917.35 39,477,917.35 32,859,696.78 32,859,696.78
Goodwill
Long-term amortizable expenses 16,385,620.65 4,278,527.21 9,860,617.48 4,580,578.92
Differed income tax asset 4,215,511.53 4,215,511.53 6,153,962.29 6,153,962.29
Other non-current asset 2,448,000.00 2,448,000.00
Total of non-current assets 1,429,494,398.20 1,345,056,438.38 1,312,496,167.03 1,222,515,015.84
Total of assets 3,286,812,357.29 2,430,329,522.76 2,723,960,062.85 2,025,337,868.42
Current liabilities
Short-term loans 603,400,000.00 351,500,000.00 590,831,360.15 333,000,000.00
Loan from Central Bank
Deposit received and hold for othersChongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2009 (Full Text)
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Call loan received
Trade off financial liabilities
Notes payable 1,300,801,176.00 761,000,000.00 928,630,000.00 502,000,000.00
Account payable 520,197,374.01 397,582,193.57 488,399,907.16 250,225,686.02
Prepayment received 113,450,033.56 2,658,050.88 71,809,539.53 1,221,094.67
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 1,607,455.68 1,393,882.43 2,674,838.65 2,373,690.25
Tax payable 118,690,329.20 125,056,831.33 123,266,751.67 127,666,251.10
Interest payable
Dividend payable
Other account payable 56,179,053.07 78,326,005.31 29,516,676.27 210,757,121.50
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
Other current liability
Total of current liability 2,714,325,421.52 1,717,516,963.52 2,235,129,073.43 1,427,243,843.54
Non-current liabilities
Long-term borrowings 122,500,000.00 122,500,000.00
Bond payable
Long-term payable
Special payable 1,635,000.00 1,635,000.00 45,982,500.00 45,982,500.00
Expected liabilities
Differed income tax liability
Other non-recurring liabilities
Total of non-current liabilities 124,135,000.00 124,135,000.00 45,982,500.00 45,982,500.00
Total of liability 2,838,460,421.52 1,841,651,963.52 2,281,111,573.43 1,473,226,343.54
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 477,500,000.00 477,500,000.00 477,500,000.00 477,500,000.00
Capital reserves 590,680,517.59 588,740,294.29 590,180,517.59 588,240,294.29
Less: Shares in stock
Special reserves
Surplus reserves 125,686,000.00 125,686,000.00 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -748,379,425.48 -603,248,735.05 -753,944,567.91 -639,314,769.41
Different of foreign currency translation
Total of owner’s equity belong to the parent company 445,487,092.11 588,677,559.24 439,421,949.68 552,111,524.88
Minor shareholders’ equity 2,864,843.66 3,426,539.74
Total of owners’ equity 448,351,935.77 588,677,559.24 442,848,489.42 552,111,524.88
Total of liabilities and owners’ equity 3,286,812,357.29 2,430,329,522.76 2,723,960,062.85 2,025,337,868.42
4.2 Income Statement of the report term
Prepared by Chongqing Jianshe Motorcycle Co., Ltd. July-Sept 2009 in RMB Yuan
Items Current term Same period last yearChongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2009 (Full Text)
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Consolidated Parent
company Consolidated Parent
company
I. Total revenue 623,645,730.99 623,821,203.95 629,847,700.82 667,579,174.25
Incl. Business income 623,645,730.99 623,821,203.95 629,847,700.82 667,579,174.25
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 638,703,193.75 596,681,174.30 635,716,826.09 720,717,644.71
Incl. Business cost 529,521,622.26 543,815,630.53 540,422,658.74 665,890,327.24
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 9,526,550.43 8,785,335.89 11,053,861.20 10,776,108.29
Sales expense 50,107,622.01 7,220,296.69 45,250,582.40 24,495,188.20
Administrative expense 34,870,324.87 27,080,747.07 22,606,346.11 15,392,207.69
Financial expenses 14,677,074.18 9,779,164.12 16,383,377.64 4,163,813.29
Asset impairment loss
Plus: Gains from change of fair value (“-“ for loss)
Investment gain (“-“ for loss) 7,954,584.19 7,954,584.19 -527,333.83 -527,333.83
Incl. Investment gains from affiliates 7,954,584.19 7,954,584.19 -527,333.83 -527,333.83
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) -7,102,878.57 35,094,613.84 -6,396,459.10 -53,665,804.29
Plus: Non business income 2,969,431.85 2,312,124.76 5,019,230.18 5,018,890.56
Less: Non-business expenses 1,733,778.49 1,459,727.07 345,574.14 320,976.79
Incl. Loss from disposal of non-current assets 300,225.55 300,225.55
IV. Gross profit (“-“ for loss) -5,867,225.21 35,947,011.53 -1,722,803.06 -48,967,890.52
Less: Income tax expenses 20.80 3,000.00
V. Net profit (“-“ for net loss) -5,867,246.01 35,947,011.53 -1,725,803.06 -48,967,890.52
Net profit attributable to the owners of parent company -5,626,696.25 35,947,011.53 -1,277,671.30 -48,967,890.52
Minor shareholders’ equity -240,549.76 -448,131.76
VI. Earnings per share:
(I) Basic earnings per share -0.01 0.08 0.00 0.05
(II) Diluted earnings per share -0.01 0.08 0.00 0.05
VII. Other misc. incomes 0.00 0.00 0.00 0.00
VIII. Total of misc. incomes -5,867,246.01 35,947,011.53 -1,725,803.06 -48,967,890.52
Total of misc. incomes attributable to the owners of the
parent company -5,626,696.25 35,947,011.53 -1,277,671.30 -48,967,890.52
Total misc gains attributable to the minor shareholders -240,549.76 -448,131.76
4.3 Income Statement from the beginning of year to the end of report term
Prepared by Chongqing Jianshe Motorcycle Co., Ltd. Jan-Sept 2009 in RMB Yuan
Items Amount of the Current Term Amount of the Previous TermChongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2009 (Full Text)
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Consolidated Parent company Consolidated Parent company
I. Total revenue 1,747,593,280.19 1,797,654,464.85 2,019,026,558.72 1,878,741,904.99
Incl. Business income 1,747,593,280.19 1,797,654,464.85 2,019,026,558.72 1,878,741,904.99
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 1,765,360,997.62 1,783,046,861.28 2,036,913,854.93 1,978,291,544.75
Incl. Business cost 1,496,974,864.14 1,669,126,785.37 1,748,411,510.90 1,800,794,521.15
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 26,508,230.31 25,010,522.35 24,448,877.10 22,596,246.34
Sales expense 135,670,585.25 18,649,690.53 136,875,060.70 90,701,653.68
Administrative expense 76,033,829.87 51,261,248.55 76,030,391.90 52,540,004.82
Financial expenses 38,429,192.70 31,921,619.54 50,513,442.51 10,186,408.01
Asset impairment loss -8,255,704.65 -12,923,005.06 634,571.82 1,472,710.75
Plus: Gains from change of fair value (“-“ for loss)
Investment gain (“-“ for loss) 11,458,403.38 11,458,403.38 8,920,921.71 8,920,921.71
Incl. Investment gains from affiliates 11,961,808.21 11,961,808.21 8,417,516.88 8,417,516.88
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) -6,309,314.05 26,066,006.95 -8,966,374.50 -90,628,718.05
Plus: Non business income 16,037,894.82 14,078,134.92 20,513,822.64 20,367,863.02
Less: Non-business expenses 2,761,083.70 2,139,656.75 1,970,732.95 802,255.82
Incl. Loss from disposal of non-current assets 887,673.88 887,673.88 780,499.82 780,499.82
IV. Gross profit (“-“ for loss) 6,967,497.07 38,004,485.12 9,576,715.19 -71,063,110.85
Less: Income tax expenses 1,964,050.71 1,938,450.76 785,993.07 717,272.61
V. Net profit (“-“ for net loss) 5,003,446.36 36,066,034.36 8,790,722.12 -71,780,383.46
Net profit attributable to the owners of parent company 5,565,142.43 36,066,034.36 9,083,903.34 -71,780,383.46
Minor shareholders’ equity -561,696.07 -293,181.22
VI. Earnings per share:
(I) Basic earnings per share 0.01 0.08 0.02 -0.15
(II) Diluted earnings per share 0.01 0.08 0.02 -0.15
VII. Other misc. incomes 0.00 0.00 0.00 0.00
VIII. Total of misc. incomes 5,003,446.36 36,066,034.36 8,790,722.12 -71,780,383.46
Total of misc. incomes attributable to the owners of the
parent company 5,565,142.43 36,066,034.36 9,083,903.34 -71,780,383.46
Total misc gains attributable to the minor shareholders -561,696.07 -293,181.22
4.4 Cash Flow Statement from the beginning of year to the end of report term.
Prepared by Chongqing Jianshe Motorcycle Co., Ltd. Jan-Sept 2009 in RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items
Consolidated Parent company Consolidated Parent companyChongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2009 (Full Text)
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I. Net cash flow from business operation
Cash received from sales of products and providing of
services 1,392,588,670.65 1,264,128,112.51 1,604,253,907.90 1,391,674,374.44
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 trade financial asset disposal
Cash received as interest, processing fee, and
commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 13,638,379.12 8,754,760.48 10,845,492.90 7,290.80
Other cash received from business operation 23,885,650.11 10,878,722.33 23,821,829.36 11,694,245.19
Sub-total of cash inflow from business activities 1,430,112,699.88 1,283,761,595.32 1,638,921,230.16 1,403,375,910.43
Cash paid for purchasing of merchandise and services 1,152,179,934.99 1,093,401,219.24 1,458,638,530.20 1,136,422,462.85
Net increase of client trade and advance
Net increase of savings in central bank and brother
company
Cash paid for original contract claim
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 113,539,689.68 83,985,785.08 111,771,265.01 79,444,057.14
Taxes paid 45,697,949.15 29,664,021.76 34,578,590.48 25,499,681.49
Other cash paid for business activities 76,701,848.32 13,182,049.40 70,441,585.36 17,599,246.53
Sub-total of cash outflow from business activities 1,388,119,422.14 1,220,233,075.48 1,675,429,971.05 1,258,965,448.01
Cash flow generated by business operation, net 41,993,277.74 63,528,519.84 -36,508,740.89 144,410,462.42
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 3,853,919.45 3,643,582.60 5,744,595.75 5,570,595.75
Net cash received from disposal of subsidiaries or
other operational units
Other investment-related cash received 184,791,587.08 184,787,012.05 3,126,878.94 1,382,905.64
Sub-total of cash inflow due to investment activities 188,645,506.53 188,430,594.65 8,871,474.69 6,953,501.39
Cash paid for construction of fixed assets, intangible
assets and other long-term assets 150,289,291.01 147,004,868.44 99,366,547.85 91,016,921.47
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 1,141,230.84 1,029,198.41 2,900,000.00 2,900,000.00
Sub-total of cash outflow due to investment
activities 151,430,521.85 148,034,066.85 102,266,547.85 93,916,921.47Chongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2009 (Full Text)
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Net cash flow generated by investment 37,214,984.68 40,396,527.80 -93,395,073.16 -86,963,420.08
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor
shareholders
Cash received as loans 803,000,000.00 647,100,000.00 574,229,770.00 348,330,000.00
Cash received from bond placing
Other financing-related cash received 2,804,960,311.37 3,978,787,446.57 1,282,566,884.63 2,147,317,577.50
Subtotal of cash inflow from financing activities 3,607,960,311.37 4,625,887,446.57 1,856,796,654.63 2,495,647,577.50
Cash to repay debts 660,373,000.00 506,473,000.00 599,990,000.00 401,090,000.00
Cash paid as dividend, profit, or interests 43,144,255.74 21,271,538.08 41,337,253.05 14,635,596.60
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 2,806,238,670.23 3,983,197,379.25 1,251,030,384.63 2,209,421,927.21
Subtotal of cash outflow due to financing activities 3,509,755,925.97 4,510,941,917.33 1,892,357,637.68 2,625,147,523.81
Net cash flow generated by financing 98,204,385.40 114,945,529.24 -35,560,983.05 -129,499,946.31
IV. Influence of exchange rate alternation on cash and cash
equivalents -1,502,005.07 52,775.60 -2,596,473.98 -1,836,413.16
V. Net increase of cash and cash equivalents 175,910,642.75 218,923,352.48 -168,061,271.08 -73,889,317.13
Plus: Balance of cash and cash equivalents at the
beginning of term 99,257,459.02 38,850,288.91 227,280,817.63 89,772,780.09
VI. Balance of cash and cash equivalents at the end of term 275,168,101.77 257,773,641.39 59,219,546.55 15,883,462.96
4.5 Auditors’ Report
Auditor’s opinion: not audited.
Chongqing Jianshe Motorcycle Co., Ltd.
Mr. Cai Tao – Chairman of the Board
October 21, 2009
