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建 摩B:2009年第三季度报告(英文版)2009-10-23  

						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)

    7

    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)

    8

    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)

    9

    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