建设摩托 The 1st Quarterly Report 2010
１
重庆建设摩托车股份有限公司
CHONGQING JIANSHE MOTORCYCLE CO.,LTD.
The 1st Quarterly Report 2010
Table of Contents
§1 Important Declaration …………………………………………………………………………2
§2 Company Profile ……………………………………………………………………………2
§3 Significant Events …………………………………………………………………………………3
§4 Attachments ………………………………………………………………………………………5建设摩托 The 1st Quarterly Report 2010
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Chongqing Jianshe Motorcycle Co., Ltd.
The 1st Quarterly Report 2010
§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 Directors other than the followings presented at the Board Meeting on which this report was examined:
Name of the director
absented
Position
Reason for not presenting the
meeting
Name of consignee
Lu Hongxian Director On business trip Li Huaguang
Wang Kun Director On business trip Teng Feng
Hao Lin Director On business trip Yang Rongqin
Wang Jun Independent Director Sickness Cheng Yuanwei
1.3 The financial statements carried in this report are not audited.
1.4 Mr. Li Huaguang, the Chairman of Board, 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
Ended this report
term
Ended previous
year
Changed by
(%)
Gross Assets (RMB) 3,748,255,084.75 3,476,263,403.98 7.82%
Owners’ equity attributable to the shareholders of the
listed company (yuan) 469,185,630.00 461,074,764.98 1.76%
Capital shares (shares) 477,500,000.00 477,500,000.00
Net asset per share attributable to the shareholders of the
listed company (Yuan/share) 0.98 0.97 1.03%
This report term Same period last
year
Changed by
(%)建设摩托 The 1st Quarterly Report 2010
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Turnover (yuan) 603,237,435.09 531,201,054.16 13.56%
Net profit attributable to shareholders of the listed
company (yuan) 616,465.02 503,738.16 22.38%
Net Cash flow generated by business operation (RMB) -41,620,371.65 37,175,348.79 -211.96%
Net Cash flow per share generated by business operation
(yuan/share) -0.09 0.08 -212.50%
Basic earnings per share (Yuan/share) 0.0013 0.0011 18.18%
Diluted earnings per share (Yuan/share) 0.0013 0.0011 18.18%
Weighted average net
income/asset ratio (%) 0.13% 0.11% 0.02%
Weighted average net
income/asset ratio less non-recurring gain/loss(%) 0.06% -1.77% 1.83%
Non-recurring gain and loss items
Amount of the period
from the beginning of
year to the end of report
term
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.
291,132.00
Gain/loss of non-current assets -83,108.70
Influence of one-time adjustment made on current gain/loss account according to the
laws and regulations regarding tax and accounting
133,436.41
Total 341,459.71
Statement on non-recurring gain/loss accounts
None
2.2 Total of shareholders and top-10 holders of current shares
in shares
Total shareholders at the end of the
report period (accounts) 16,505
Top Ten Shareholders of Negotiable Shares
Full name of shareholder
Negotiable shares
held at the end of
report term
Categories
Cai Yugui 525,300 Foreign shares placed in domestic exchange
Peng Daqiang 450,849 Foreign shares placed in domestic exchange
Shanghai Hong Kong Wanguo
Securities 425,901 Foreign shares placed in domestic exchange
Zhang Shaoqin 420,800 Foreign shares placed in domestic exchange
Huang Liangdong 413,400 Foreign shares placed in domestic exchange
Li Yunwei 407,256 Foreign shares placed in domestic exchange
WANG,HUANSHENG 394,300 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建设摩托 The 1st Quarterly Report 2010
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Cai Zujian 333,400 Foreign 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
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
3.5.1 Investment in securities
√ applicable □ not applicable
In RMB Yuan
No.
Stock
categ
ory
Stock
Code Stock ID
Initial
investment
(yuan)
Shares held at
the end of term
Book value at
end of term
(yuan)
Percentage in
total
investment at
end of term %
Gain/loss of
the report term
(yuan)
1 Stock 000536 Min
Mindong 806,400.00 280,000.00 5,510,400.00 100.00% 0.00
Other stock investment held at the
end of report term 0.00 - 0.00 0.00% 0.00
Gain/loss of disposed stock
investment in the report term - - - - 0.00
Total 806,400.00 - 5,510,400.00 100% 0.00
Statement on stock investment
None建设摩托 The 1st Quarterly Report 2010
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3.5.2 Reception of investigations, communications, or interviews
No such investigation, communication or visiting happened in the report term.
3.5.3 Statement on other significant issues
□applicable √ not applicable
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. Ended March 31, 2010 RMB Yuan
Balance at the end of term Balance at the beginning of
Items year
Consolidated Parent
company Consolidated Parent company
Current asset:
Monetary capital 1,503,240,034.47 571,066,548.16 1,304,441,073.89 596,377,236.19
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 43,691,827.16 520,000.00 112,463,525.56 200,000.00
Account receivable 224,547,024.59 11,424,780.84 165,629,837.55 128,717.50
Prepayment 154,934,762.21 109,905,615.10 136,707,134.94 112,356,976.84
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividend receivable
Other account receivable 42,159,274.09 119,013,817.54 37,690,440.26 87,669,466.13
Repurchasing of financial assets
Inventories 290,738,644.26 88,312,580.54 244,192,411.53 70,198,837.43
Non-current asset due in 1 year
Other current asset
Total of current asset 2,259,311,566.78 900,243,342.18 2,001,124,423.73 866,931,234.09
Non-current assets
Loans and payment on other’s behalf建设摩托 The 1st Quarterly Report 2010
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disbursed
Sellable financial asset 5,510,400.00 5,516,000.00
Expired investment in possess
Long-term receivable
Long-term share equity investment 619,890,870.77 769,642,516.39 605,820,126.99 755,571,772.61
Investment properties
Fixed assets 698,490,124.16 504,697,090.12 708,495,035.99 510,747,999.42
Construction in process 9,966,918.63 9,951,329.63 1,867,582.21 1,851,993.21
Engineering goods
Fixed asset disposal 570.00
Production physical assets
Gas & petrol
Intangible assets 87,899,577.82 63,878,829.78 88,958,056.00 64,801,290.03
R&D expense 39,591,391.45 39,591,391.45 36,235,410.59 36,235,410.59
Goodwill
Long-term amortizable expenses 14,362,824.44 3,062,720.12 15,015,927.77 3,369,970.97
Differed income tax asset 11,190,840.70 1,748,888.80 11,190,840.70 1,748,888.80
Other non-current asset 2,040,000.00 2,040,000.00
Total of non-current assets 1,488,943,517.97 1,392,572,766.29 1,475,138,980.25 1,374,327,325.63
Total of assets 3,748,255,084.75 2,292,816,108.47 3,476,263,403.98 2,241,258,559.72
Current liabilities
Short-term loans 428,400,000.00 234,400,000.00 582,650,594.68 328,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 1,776,180,000.00 700,840,000.00 1,442,081,176.00 630,020,000.00
Account payable 533,022,021.75 408,524,637.92 512,017,123.12 392,821,686.30
Prepayment received 133,511,751.72 3,777,416.10 180,724,237.99 2,997,449.10
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 3,363,801.42 2,864,921.61 3,612,275.56 2,674,993.80
Tax payable 121,876,206.13 126,840,006.73 126,237,465.85 131,418,598.90
Interest payable
Dividend payable
Other account payable 53,061,291.31 88,866,340.78 30,095,591.93 135,344,577.06
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 3,049,415,072.33 1,566,113,323.14 2,877,418,465.13 1,623,277,305.16
Non-current liabilities
Long-term borrowings 224,500,000.00 164,500,000.00 132,500,000.00 82,500,000.00
Bond payable
Long-term payable
Special payable 1,992,500.00 1,992,500.00 1,830,000.00 1,830,000.00
Expected liabilities
Differed income tax liability 1,040,900.00 1,040,900.00
Other non-recurring liabilities
Total of non-current liabilities 227,533,400.00 166,492,500.00 135,370,900.00 84,330,000.00
Total of liability 3,276,948,472.33 1,732,605,823.14 3,012,789,365.13 1,707,607,305.16
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建设摩托 The 1st Quarterly Report 2010
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Capital reserves 608,797,617.59 603,740,294.29 601,303,217.59 596,240,294.29
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 -742,797,987.59 -646,716,008.96 -743,414,452.61 -665,775,039.73
Different of foreign currency translation
Total of owner’s equity belong to the parent
company
469,185,630.00 560,210,285.33 461,074,764.98 533,651,254.56
Minor shareholders’ equity 2,120,982.42 2,399,273.87
Total of owners’ equity 471,306,612.42 560,210,285.33 463,474,038.85 533,651,254.56
Total of liabilities and owners’ equity 3,748,255,084.75 2,292,816,108.47 3,476,263,403.98 2,241,258,559.72
4.2 Income Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd. Jan-Mar 2010 RMB Yuan
Amount of Items ConsolidatedtheP Caurerrnetn cto Tmeprman y CAomnsooulindta otefd t he PParerevniot ucso mTepramn y
I. Total revenue 603,237,435.09 466,563,634.24 531,201,054.16 532,989,146.92
Incl. Business income 603,237,435.09 466,563,634.24 531,201,054.16 532,989,146.92
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 617,311,465.01 461,825,833.67 538,584,549.36 570,690,905.86
Incl. Business cost 505,531,026.66 401,879,342.88 475,697,743.96 545,068,081.12
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 9,278,891.99 9,046,416.28 9,184,890.14 8,942,266.37
Sales expense 41,013,172.21 6,448,130.55 34,382,122.36 4,494,613.08
Administrative expense 43,525,487.14 33,666,172.45 16,113,592.23 8,904,969.60
Financial expenses 17,962,887.01 10,785,771.51 3,206,200.67 3,280,975.69
Asset impairment loss
Plus: Gains from change of fair value
(“-“ for loss)
Investment gain (“-“ for loss) 14,070,743.78 14,070,743.78 -472,500.92 -472,500.92
Incl. Investment gains from
affiliates 14,070,743.78 14,070,743.78 -472,500.92 -472,500.92
Gains from currency exchange (“-
“ for loss)
III. Operational profit (“-“ for loss) -3,286.14 18,808,544.35 -7,855,996.12 -38,174,259.86
Plus: Non business income 533,366.52 346,260.12 8,743,808.06 8,712,508.06
Less: Non-business expenses 191,906.81 95,773.70 439,582.73 281,316.00
Incl. Loss from disposal of 83,108.70 83,108.70 236,200.00 236,200.00建设摩托 The 1st Quarterly Report 2010
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non-current assets
IV. Gross profit (“-“ for loss) 338,173.57 19,059,030.77 448,229.21 -29,743,067.80
Less: Income tax expenses 2,355.65
V. Net profit (“-“ for net loss) 338,173.57 19,059,030.77 445,873.56 -29,743,067.80
Net profit attributable to the owners
of parent company 616,465.02 19,059,030.77 503,738.16 -29,743,067.80
Minor shareholders’ equity -278,291.45 -57,864.60
VI. Earnings per share:
(I) Basic earnings per share 0.0013 0.04 0.0011 -0.06
(II) Diluted earnings per share 0.0013 0.04 0.0011 -0.06
VII. Other misc. incomes 0.00 0.00
VIII. Total of misc. incomes 338,173.57 19,059,030.77 445,873.56 -29,743,067.80
Total of misc. incomes attributable to
the owners of the parent company 616,465.02 19,059,030.77 503,738.16 -29,743,067.80
Total misc gains attributable to the
minor shareholders -278,291.45 -57,864.60
4.3 Cash Flow Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd. Jan-Mar 2010 RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items Consolidated Parent
company Consolidated Parent
company
I. Net cash flow from business operation
Cash received from sales of products and
providing of services 435,752,096.78 390,953,714.01 500,482,171.92 436,699,188.02
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 5,169,501.26 2,072,427.18 11,589,824.48 8,397,281.93
Other cash received from business operation 21,810,543.01 17,813,027.55 6,015,441.21 2,899,590.23
Sub-total of cash inflow from business
activities 462,732,141.05 410,839,168.74 518,087,437.61 447,996,060.18
Cash paid for purchasing of merchandise and
services 415,066,091.07 403,393,644.84 408,606,367.59 333,004,678.45
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建设摩托 The 1st Quarterly Report 2010
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Cash paid to staffs or paid for staffs 53,455,217.86 41,993,807.58 40,088,180.99 30,478,189.02
Taxes paid 16,346,710.48 13,803,259.35 12,990,121.52 10,636,071.44
Other cash paid for business activities 19,484,493.29 4,324,560.80 19,227,418.72 3,778,365.91
Sub-total of cash outflow from business
activities 504,352,512.70 463,515,272.57 480,912,088.82 377,897,304.82
Cash flow generated by business
operation, net -41,620,371.65 -52,676,103.83 37,175,348.79 70,098,755.36
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
22,080.00 637,980.68 636,980.68
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 31,806.24 31,806.24 503,647.95 503,647.95
Sub-total of cash inflow due to investment
activities 53,886.24 31,806.24 1,141,628.63 1,140,628.63
Cash paid for construction of fixed assets,
intangible assets and other long-term assets 27,235,730.50 15,131,934.40 15,472,718.03 14,622,817.82
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 27,235,730.50 15,131,934.40 15,472,718.03 14,622,817.82
Net cash flow generated by investment -27,181,844.26 -15,100,128.16 -14,331,089.40 -13,482,189.19
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor
shareholders
Cash received as loans 162,000,000.00 102,000,000.00 287,900,000.00 192,000,000.00
Cash received from bond placing
Other financing-related cash received 908,525,036.83 1,357,192,109.95 1,180,433,251.36 1,848,444,497.15
Subtotal of cash inflow from financing
activities 1,070,525,036.83 1,459,192,109.95 1,468,333,251.36 2,040,444,497.15
Cash to repay debts 209,500,000.00 113,600,000.00 182,000,000.00 121,100,000.00
Cash paid as dividend, profit, or interests 13,508,166.55 2,797,176.92 16,179,908.56 9,422,030.23
Incl. Dividend and profit paid by subsidiaries
to minor shareholders
Other cash paid for financing activities 869,063,918.49 1,351,167,977.88 1,232,930,601.11 1,894,395,642.13
Subtotal of cash outflow due to financing
activities 1,092,072,085.04 1,467,565,154.80 1,431,110,509.67 2,024,917,672.36
Net cash flow generated by financing -21,547,048.21 -8,373,044.85 37,222,741.69 15,526,824.79
IV. Influence of exchange rate alternation on cash
and cash equivalents 929,400.70 18,588.81 -916,926.40 24,513.53
V. Net increase of cash and cash equivalents -89,419,863.42 -76,130,688.03 59,150,074.68 72,167,904.49
Plus: Balance of cash and cash equivalents at
the beginning of term 353,517,340.71 330,985,587.79 99,257,459.02 38,850,288.91
VI. Balance of cash and cash equivalents at the
end of term 264,097,477.29 254,854,899.76 158,407,533.70 111,018,193.40建设摩托 The 1st Quarterly Report 2010
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4.4 Auditors’ Report
Auditor’s opinion: not audited.
Chongqing Jianshe Motorcycle Co., Ltd.
Li Huaguang - Chairman of the Board
April 23, 2010
