Chongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2010 (Full Text)
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Chongqing Jianshe Motorcycle Co., Ltd.
The 3rd Quarterly Report 2010 (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. 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
2010.9.30 2009.12.31 Extent of Change (%)
Gross Assets (RMB) 3,250,584,849.91 3,476,263,403.98 -6.49%
Owners’ equity attributable to the
shareholders of the listed company (yuan) 471,747,818.92 461,074,764.98 2.31%
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)
0.99 0.97 2.06%
July-Sept. 2010
Changed over the
same period of last
year (%)
Jan-Sept. 2010
Changed over the
same period of last
year (%)
Turnover (yuan) 546,997,745.88 -12.29% 1,832,318,724.37 4.85%
Net profit attributable to shareholders of
the listed company (yuan) -9,905,062.98 -73.42% 3,489,353.94 -37.30%
Net Cash flow generated by business
operation (RMB) - - -107,247,614.45 -355.39%
Net Cash flow per share generated by
business operation (yuan/share) - - -0.22 -344.44%
Basic earnings per share (Yuan/share) -0.02 -100.00% 0.01 0.00%
Diluted earnings per share (Yuan/share) -0.02 -100.00% 0.01 0.00%
Weighted average net
income/asset ratio (%) -2.08% -62.70% 0.75% -40.00%
Weighted average net
income/asset ratio less non-recurring
gain/loss(%)
-2.47% -58.44% -0.01% 99.25%Chongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2010 (Full Text)
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Non-recurring gain and loss items Amount from beginning of year to
the end of report term Note
Gain/loss of non-current assets -131,375.59
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.
2,999,663.71
Other non-business income and expenditures other than the above 937,027.28
Total 3,805,315.40 -
2.2 Total of shareholders and top-10 holders of current shares
In shares
Total shareholders at the end of the report period
(accounts) 16,308
Top Ten Shareholders of Negotiable Shares
Full name of shareholder Negotiable shares held at the end of
report term Categories
KGI ASIA LIMITED 1,030,594 Foreign shares placed in domestic
exchange
Cai Yugui 522,500 Foreign shares placed in domestic
exchange
GUOTAI JUNAN SECURITIES(HONGKONG)
LIMITED 477,400 Foreign shares placed in domestic
exchange
Peng Daqiang 450,849 Foreign shares placed in domestic
exchange
Shanghai Hong Kong Wanguo Securities 435,901 Foreign shares placed in domestic
exchange
Zhang Shaoqin 420,800 Foreign shares placed in domestic
exchange
WANG,HUANSHENG 360,000Foreign shares placed in domestic
exchange
Xu Shaolin 347,900 Foreign shares placed in domestic
exchange
Cai Zujian 333,400 Foreign shares placed in domestic
exchange
Shu Jianping 320,700 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
3.2.1 None-standard opinions
□applicable √ not applicableChongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2010 (Full Text)
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3.2.2 Illegal providing of capital or guarantees to the holding shareholder or its related parties or external
parties
□applicable √ not applicable
3.2.3 Signing and execution of major business contracts
□applicable √ not applicable
3.2.4 Misc.
□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 category Stock Code Stock ID
Initial
investment
(yuan)
Shares held
at the end of
term
Book value at
the end of term
Portion in
total stock
investment at
the end of
report term
(%)
Gain/loss of the
report term
1 Stock 000536 Min Mindong 806,400.00 280,000 5,227,600.00 100.00% 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 - 5,227,600.00 100% 0.00
Statement on stock investment
None
3.5.2 Reception of investigations, communications, or interviews
No such investigation, communication or visiting happened in the report term.
3.6 Investment in derivate financial instruments
□applicable √ not applicableChongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2010 (Full Text)
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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 Sept. 30, 2010 RMB Yuan
Balance at the end of term Balance at the beginning of year
Items
Consolidated Parent company Consolidated Parent company
Current asset:
Monetary capital 994,872,427.19 550,081,568.86 1,304,441,073.89 596,377,236.19
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 60,947,871.46 13,298,086.41 112,463,525.56 200,000.00
Account receivable 192,153,289.54 4,644,729.36 165,629,837.55 128,717.50
Prepayment 167,258,353.45 77,151,297.35 136,707,134.94 112,356,976.84
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 12,266,748.27 75,856,528.51 37,690,440.26 87,669,466.13
Repurchasing of financial assets
Inventories 250,523,608.77 59,584,471.08 244,192,411.53 70,198,837.43
Non-current asset due in 1 year
Other current asset
Total of current asset 1,678,022,298.68 780,616,681.57 2,001,124,423.73 866,931,234.09
Non-current assets
Loans and payment on other’s behalf disbursed
Disposable financial asset 5,227,600.00 5,516,000.00
Expired investment in possess
Long-term receivable
Long-term share equity investment 636,957,947.33 786,505,592.95 605,820,126.99 755,571,772.61
Investment properties
Fixed assets 719,472,106.62 529,048,871.63 708,495,035.99 510,747,999.42
Construction in process 51,196,387.26 50,658,416.33 1,867,582.21 1,851,993.21
Engineering goods
Fixed asset disposal 256,575.55 255,555.55
Production physical assets
Gas & petrol
Intangible assets 85,782,621.46 62,033,909.28 88,958,056.00 64,801,290.03
R&D expense 47,684,540.39 47,684,540.39 36,235,410.59 36,235,410.59
Goodwill
Long-term amortizable expenses 13,205,327.34 2,596,927.98 15,015,927.77 3,369,970.97Chongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2010 (Full Text)
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Differed income tax asset 10,943,445.28 1,501,493.38 11,190,840.70 1,748,888.80
Other non-current asset 1,836,000.00 2,040,000.00
Total of non-current assets 1,572,562,551.23 1,480,285,307.49 1,475,138,980.25 1,374,327,325.63
Total of assets 3,250,584,849.91 2,260,901,989.06 3,476,263,403.98 2,241,258,559.72
Current liabilities
Short-term loans 369,450,000.00 335,450,000.00 582,650,594.68 328,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 1,402,213,188.42 753,340,000.00 1,442,081,176.00 630,020,000.00
Account payable 399,589,713.97 298,257,125.60 512,017,123.12 392,821,686.30
Prepayment received 95,536,648.05 6,225,204.56 180,724,237.99 2,997,449.10
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 2,504,725.81 1,828,938.01 3,612,275.56 2,674,993.80
Tax payable 124,057,356.22 126,890,073.09 126,237,465.85 131,418,598.90
Interest payable
Dividend payable
Other account payable 85,272,703.05 37,260,064.05 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 2,478,624,335.52 1,559,251,405.31 2,877,418,465.13 1,623,277,305.16
Non-current liabilities
Long-term borrowings 294,500,000.00 144,500,000.00 132,500,000.00 82,500,000.00
Bond payable
Long-term payable
Special payable 2,336,250.00 2,336,250.00 1,830,000.00 1,830,000.00
Contingent liabilities
Differed income tax liability 968,800.00 1,040,900.00
Other non-recurring liabilities
Total of non-current liabilities 297,805,050.00 146,836,250.00 135,370,900.00 84,330,000.00
Total of liability 2,776,429,385.52 1,706,087,655.31 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
Capital reserves 608,486,917.59 603,640,294.29 601,303,217.59 596,240,294.29
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 -739,925,098.67 -652,011,960.54 -743,414,452.61 -665,775,039.73
Different of foreign currency translationChongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2010 (Full Text)
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Total of owner’s equity belong to the parent company 471,747,818.92 554,814,333.75 461,074,764.98 533,651,254.56
Minor shareholders’ equity 2,407,645.47 2,399,273.87
Total of owners’ equity 474,155,464.39 554,814,333.75 463,474,038.85 533,651,254.56
Total of liabilities and owners’ equity 3,250,584,849.91 2,260,901,989.06 3,476,263,403.98 2,241,258,559.72
4.2 Income Statement of the report term
Prepared by Chongqing Jianshe Motorcycle Co., Ltd. Jul-Sept 2010 in RMB
Amount of the Current Term Amount of the Previous Term
Items
Consolidated Parent
company Consolidated Parent
company
I. Total revenue 546,997,745.88 572,209,512.65 623,645,730.99 623,821,203.95
Incl. Business income 546,997,745.88 572,209,512.65 623,645,730.99 623,821,203.95
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 551,098,982.57 557,545,533.67 638,703,193.75 596,681,174.30
Incl. Business cost 458,991,882.81 522,055,322.87 529,521,622.26 543,815,630.53
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 5,941,212.58 5,544,371.27 9,526,550.43 8,785,335.89
Sales expense 34,579,653.21 9,990,960.98 50,107,622.01 7,220,296.69
Administrative expense 38,101,654.64 12,948,073.25 34,870,324.87 27,080,747.07
Financial expenses 17,417,671.71 7,481,605.81 14,677,074.18 9,779,164.12
Asset impairment loss -3,933,092.38 -474,800.51
Plus: Gains from change of fair value (“-“ for loss)
Investment gain (“-“ for loss) -7,239,297.84 -7,239,297.84 7,954,584.19 7,954,584.19
Incl. Investment gains from affiliates -7,239,297.84 -7,239,297.84 7,954,584.19 7,954,584.19
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) -11,340,534.53 7,424,681.14 -7,102,878.57 35,094,613.84
Plus: Non business income 2,060,054.69 1,347,334.46 2,969,431.85 2,312,124.76
Less: Non-business expenses 181,696.29 150,000.00 1,733,778.49 1,459,727.07
Incl. Loss from disposal of non-current assets 300,225.55 300,225.55
IV. Gross profit (“-“ for loss) -9,462,176.13 8,622,015.60 -5,867,225.21 35,947,011.53
Less: Income tax expenses 20.80
V. Net profit (“-“ for net loss) -9,462,176.13 8,622,015.60 -5,867,246.01 35,947,011.53
Net profit attributable to the owners of parent company -9,905,062.98 8,622,015.60 -5,626,696.25 35,947,011.53
Minor shareholders’ equity 442,886.85 -240,549.76
VI. Earnings per share:
(I) Basic earnings per share -0.02 0.02 -0.01 0.08
(II) Diluted earnings per share -0.02 0.02 -0.01 0.08Chongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2010 (Full Text)
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VII. Other misc. incomes 0.00 0.00
VIII. Total of misc. incomes -9,462,176.13 8,622,015.60 -5,867,246.01 35,947,011.53
Total of misc. incomes attributable to the owners of the
parent company -9,905,062.98 8,622,015.60 -5,626,696.25 35,947,011.53
Total misc gains attributable to the minor shareholders 442,886.85 -240,549.76
4.3 Income Statement from the beginning of year to the end of report term
Prepared by Chongqing Jianshe Motorcycle Co., Ltd. Jan-Sept 2010 in RMB
Amount of the Current Term Amount of the Previous Term
Items
Consolidated Parent company Consolidated Parent company
I. Total revenue 1,832,318,724.37 2,046,933,482.72 1,747,593,280.19 1,797,654,464.85
Incl. Business income 1,832,318,724.37 2,046,933,482.72 1,747,593,280.19 1,797,654,464.85
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 1,864,812,739.15 2,067,952,812.41 1,765,360,997.62 1,783,046,861.28
Incl. Business cost 1,553,434,479.31 1,913,142,241.31 1,496,974,864.14 1,669,126,785.37
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 23,957,724.37 22,381,522.35 26,508,230.31 25,010,522.35
Sales expense 125,432,271.57 33,478,344.44 135,670,585.25 18,649,690.53
Administrative expense 113,644,419.36 70,409,142.13 76,033,829.87 51,261,248.55
Financial expenses 48,861,196.30 30,665,665.55 38,429,192.70 31,921,619.54
Asset impairment loss -517,351.76 -2,124,103.37 -8,255,704.65 -12,923,005.06
Plus: Gains from change of fair value (“-“ for loss)
Investment gain (“-“ for loss) 32,433,820.34 32,433,820.34 11,458,403.38 11,458,403.38
Incl. Investment gains from affiliates 32,937,225.17 32,937,225.17 11,961,808.21 11,961,808.21
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) -60,194.44 11,414,490.65 -6,309,314.05 26,066,006.95
Plus: Non business income 4,278,580.25 2,923,202.14 16,037,894.82 14,078,134.92
Less: Non-business expenses 473,264.85 327,218.18 2,761,083.70 2,139,656.75
Incl. Loss from disposal of non-current assets 887,673.88 887,673.88
IV. Gross profit (“-“ for loss) 3,745,120.96 14,010,474.61 6,967,497.07 38,004,485.12
Less: Income tax expenses 247,395.42 247,395.42 1,964,050.71 1,938,450.76
V. Net profit (“-“ for net loss) 3,497,725.54 13,763,079.19 5,003,446.36 36,066,034.36
Net profit attributable to the owners of parent company 3,489,353.94 13,763,079.19 5,565,142.43 36,066,034.36
Minor shareholders’ equity 8,371.60 -561,696.07
VI. Earnings per share:
(I) Basic earnings per share 0.01 0.03 0.01 0.08
(II) Diluted earnings per share 0.01 0.03 0.01 0.08Chongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2010 (Full Text)
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VII. Other misc. incomes 0.00 0.00
VIII. Total of misc. incomes 3,497,725.54 13,763,079.19 5,003,446.36 36,066,034.36
Total of misc. incomes attributable to the owners of the
parent company 3,489,353.94 13,763,079.19 5,565,142.43 36,066,034.36
Total misc gains attributable to the minor shareholders 8,371.60 -561,696.07
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 2010 in RMB
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 1,466,869,870.61 1,126,966,543.86 1,392,588,670.65 1,264,128,112.51
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 21,534,996.87 16,043,404.74 13,638,379.12 8,754,760.48
Other cash received from business operation 49,669,491.67 26,414,838.09 23,885,650.11 10,878,722.33
Sub-total of cash inflow from business activities 1,538,074,359.15 1,169,424,786.69 1,430,112,699.88 1,283,761,595.32
Cash paid for purchasing of merchandise and services 1,385,386,749.03 1,214,027,585.57 1,152,179,934.99 1,093,401,219.24
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 145,995,763.30 114,064,423.56 113,539,689.68 83,985,785.08
Taxes paid 46,315,371.48 29,598,957.78 45,697,949.15 29,664,021.76
Other cash paid for business activities 67,624,089.79 18,654,992.81 76,701,848.32 13,182,049.40
Sub-total of cash outflow from business activities 1,645,321,973.60 1,376,345,959.72 1,388,119,422.14 1,220,233,075.48
Cash flow generated by business operation, net -107,247,614.45 -206,921,173.03 41,993,277.74 63,528,519.84
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 12,000,000.00 12,000,000.00
Net cash retrieved from disposal of fixed assets,
intangible assets, and other long-term assets 22,080.00 3,853,919.45 3,643,582.60
Net cash received from disposal of subsidiaries or
other operational unitsChongqing Jianshe Motorcycle Co., Ltd. The 3rd Quarterly Report 2010 (Full Text)
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Other investment-related cash received 20,171,152.99 15,165,198.80 184,791,587.08 184,787,012.05
Sub-total of cash inflow due to investment activities 32,193,232.99 27,165,198.80 188,645,506.53 188,430,594.65
Cash paid for construction of fixed assets, intangible
assets and other long-term assets 51,661,416.86 37,855,641.49 150,289,291.01 147,004,868.44
Cash paid as investment 10,000,000.00 10,000,000.00
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
Sub-total of cash outflow due to investment
activities 61,661,416.86 47,855,641.49 151,430,521.85 148,034,066.85
Net cash flow generated by investment -29,468,183.87 -20,690,442.69 37,214,984.68 40,396,527.80
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor
shareholders
Cash received as loans 758,250,000.00 567,450,000.00 803,000,000.00 647,100,000.00
Cash received from bond placing
Other financing-related cash received 3,357,405,374.64 3,104,105,894.20 2,804,960,311.37 3,978,787,446.57
Subtotal of cash inflow from financing activities 4,115,655,374.64 3,671,555,894.20 3,607,960,311.37 4,625,887,446.57
Cash to repay debts 794,700,000.00 498,000,000.00 660,373,000.00 506,473,000.00
Cash paid as dividend, profit, or interests 52,286,949.09 24,295,539.85 43,144,255.74 21,271,538.08
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 3,301,007,927.40 3,034,407,244.27 2,806,238,670.23 3,983,197,379.25
Subtotal of cash outflow due to financing activities 4,147,994,876.49 3,556,702,784.12 3,509,755,925.97 4,510,941,917.33
Net cash flow generated by financing -32,339,501.85 114,853,110.08 98,204,385.40 114,945,529.24
IV. Influence of exchange rate alternation on cash and cash
equivalents 848,449.05 -122,567.93 -1,502,005.07 52,775.60
V. Net increase of cash and cash equivalents -168,206,851.12 -112,881,073.57 175,910,642.75 218,923,352.48
Plus: Balance of cash and cash equivalents at the
beginning of term 399,379,360.33 330,985,587.79 99,257,459.02 38,850,288.91
VI. Balance of cash and cash equivalents at the end of term 231,172,509.21 218,104,514.22 275,168,101.77 257,773,641.39
4.5 Auditors’ Report
Auditor’s opinion: not audited.
Chongqing Jianshe Motorcycle Co., Ltd.
Li Huaguang - Chairman of the Board
October 20, 2010
