Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2011 (Full Text)
Chongqing Jianshe Motorcycle Co., Ltd.
The 1st Quarterly Report 2011 (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 financial statements carried in this report are not audited.
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
Ended this report Changed by
Ended previous year
term (%)
Gross Assets (RMB) 2,982,886,740.35 3,198,882,522.23 -6.75%
Owners’ equity attributable to the shareholders of the listed company
475,760,524.49 474,908,579.52 0.18%
(yuan)
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
1.00 0.99 1.01%
(Yuan/share)
Same period last Changed by
This report term
year (%)
Turnover (yuan) 666,102,460.50 603,237,435.09 10.42%
Net profit attributable to shareholders of the listed company (yuan) 851,944.97 616,465.02 38.20%
Net Cash flow generated by business operation (RMB) -68,712,775.86 -41,620,371.65 -65.09%
Net Cash flow per share generated by business operation (yuan/share) -0.14 -0.09 -0.56%
Basic earnings per share (Yuan/share) 0.0018 0.0013 38.46%
Diluted earnings per share (Yuan/share) 0.0018 0.0013 38.46%
Weighted average net
0.18% 0.07% 0.11%
income/asset ratio (%)
Weighted average net
0.16% 0.00% 0.16%
income/asset ratio less non-recurring gain/loss(%)
Non-recurring gain and loss items
√ applicable □ not applicable
In RMB Yuan
Non-recurring gain and loss items Amount Note (if applicable)
Other gain/loss items satisfying the definition of non-recurring gain/loss account 90,143.47
Total 90,143.47 -
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Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2011 (Full Text)
2.2 Total of shareholders and top-10 holders of current shares
in shares
Total shareholders at the end of the report period (accounts) 16,007
Top Ten Shareholders of Negotiable Shares
Negotiable shares
Full name of shareholder held at the end of Categories
report term
Wang Chuxin 1,310,000 Foreign shares placed in domestic exchange
Yang Shuitian 610,100 Foreign shares placed in domestic exchange
Cai Yugui 514,600 Foreign shares placed in domestic exchange
Peng Daqiang 470,849 Foreign shares placed in domestic exchange
Zhang Shaoqin 420,800 Foreign shares placed in domestic exchange
Shanghai Hong Kong Wanguo Securities 420,000 Foreign shares placed in domestic exchange
Luo Hongbo 400,000 Foreign shares placed in domestic exchange
Xu Shaolin 347,900 Foreign shares placed in domestic exchange
Li Mingya 329,800 Foreign shares placed in domestic exchange
Chen Guiying 316,126 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 applicable
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
Commitment made by the PLC, its directors, supervisors, executives, and shareholders with 5% or over shares of the Company, and
its substantial dominator in the report term or carried over to the report term:
□applicable √ not applicable
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Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2011 (Full Text)
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
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 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, 2011 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 417,504,454.30 225,355,922.67 825,440,026.90 427,024,050.29
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 220,421,985.42 146,209,824.08 113,287,107.16 7,890,000.00
Account receivable 306,072,287.62 63,008,958.70 175,805,282.76 5,727,805.75
Prepayment 91,932,402.83 48,778,954.85 103,649,799.91 79,713,229.02
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable 11,000,000.00 11,000,000.00
Dividend receivable
Other account receivable 33,280,842.04 88,169,580.40 32,085,914.13 201,171,446.05
Repurchasing of financial assets
Inventories 259,061,561.54 39,950,484.34 300,495,276.28 57,564,284.39
Non-current asset due in 1 year
Other current asset
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Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2011 (Full Text)
Total of current asset 1,339,273,533.75 622,473,725.04 1,550,763,407.14 779,090,815.50
Non-current assets
Disburse of consigned loans
Available-for-sale financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 635,361,563.36 784,822,091.24 631,736,542.30 781,197,070.18
Investment properties
Fixed assets 847,737,790.83 641,688,756.14 855,597,461.88 650,107,621.77
Construction in process 612,991.26 612,991.26 1,040,282.31 1,040,282.31
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 87,930,421.03 65,293,141.94 90,185,914.33 66,573,220.08
R&D expense 48,136,735.78 48,136,735.78 46,372,717.73 46,372,717.73
Goodwill
Long-term amortizable expenses 13,460,410.51 3,543,716.11 12,812,902.71 2,550,355.83
Differed income tax asset 8,741,293.83 1,170,239.51 8,741,293.83 1,170,239.51
Other non-current asset 1,632,000.00 1,632,000.00
Total of non-current assets 1,643,613,206.60 1,545,267,671.98 1,648,119,115.09 1,549,011,507.41
Total of assets 2,982,886,740.35 2,167,741,397.02 3,198,882,522.23 2,328,102,322.91
Current liabilities
Short-term loans 829,670,000.00 732,670,000.00 415,611,440.00 361,950,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 511,830,140.40 166,820,140.40 1,192,183,328.82 690,160,140.40
Account payable 452,864,328.97 315,677,618.93 483,750,526.61 364,985,581.76
Prepayment received 76,212,658.29 10,802,113.74 81,587,932.62 3,771,303.87
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 1,423,449.56 1,131,171.61 2,591,770.66 1,123,194.06
Tax payable 129,154,488.79 127,780,575.38 130,292,791.35 128,907,519.65
Interest payable
Dividend payable
Other account payable 17,252,835.96 25,149,197.24 38,746,970.04 42,091,175.90
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 62,500,000.00 62,500,000.00 62,500,000.00 62,500,000.00
Other current liability
Total of current liability 2,080,907,901.97 1,442,530,817.30 2,407,264,760.10 1,655,488,915.64
Non-current liabilities
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Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2011 (Full Text)
Long-term borrowings 422,000,000.00 122,000,000.00 312,000,000.00 82,000,000.00
Bond payable
Long-term payable
Special payable 2,269,250.00 2,269,250.00 2,269,250.00 2,269,250.00
Expectible liabilities
Differed income tax liability
Other non-recurring liabilities
Total of non-current liabilities 424,269,250.00 124,269,250.00 314,269,250.00 84,269,250.00
Total of liability 2,505,177,151.97 1,566,800,067.30 2,721,534,010.10 1,739,758,165.64
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 603,180,517.59 601,240,294.29 603,180,517.59 601,240,294.29
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 -730,605,993.10 -603,484,964.57 -731,457,938.07 -616,082,137.02
Different of foreign currency translation
Total of owner’s equity belong to the parent company 475,760,524.49 600,941,329.72 474,908,579.52 588,344,157.27
Minor shareholders’ equity 1,949,063.89 2,439,932.61
Total of owners’ equity 477,709,588.38 600,941,329.72 477,348,512.13 588,344,157.27
Total of liabilities and owners’ equity 2,982,886,740.35 2,167,741,397.02 3,198,882,522.23 2,328,102,322.91
4.2 Income Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd. Jan-Mar 2011 RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items Parent Parent
Consolidated Consolidated
company company
I. Total revenue 666,102,460.50 479,357,064.08 603,237,435.09 466,563,634.24
Incl. Business income 666,102,460.50 479,357,064.08 603,237,435.09 466,563,634.24
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 670,456,548.78 471,505,459.26 617,311,465.01 461,825,833.67
Incl. Business cost 579,704,505.79 426,912,021.62 505,531,026.66 401,879,342.88
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 9,501,723.83 8,750,224.52 9,278,891.99 9,046,416.28
Sales expense 27,967,299.59 6,944,447.90 41,013,172.21 6,448,130.55
Administrative expense 39,564,656.97 19,125,323.89 43,525,487.14 33,666,172.45
Financial expenses 13,718,362.60 9,773,441.33 17,962,887.01 10,785,771.51
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Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2011 (Full Text)
Asset impairment loss
Plus: Gains from change of fair value (“-“ for loss)
Investment gain (“-“ for loss) 4,625,021.06 4,625,021.06 14,070,743.78 14,070,743.78
Incl. Investment gains from affiliates 4,625,021.06 4,625,021.06 14,070,743.78 14,070,743.78
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 270,932.78 12,476,625.88 -3,286.14 18,808,544.35
Plus: Non business income 132,816.57 120,546.57 533,366.52 346,260.12
Less: Non-business expenses 42,673.10 191,906.81 95,773.70
Incl. Loss from disposal of non-current assets 83,108.70 83,108.70
IV. Gross profit (“-“ for loss) 361,076.25 12,597,172.45 338,173.57 19,059,030.77
Less: Income tax expenses
V. Net profit (“-“ for net loss) 361,076.25 12,597,172.45 338,173.57 19,059,030.77
Net profit attributable to the owners of parent company 851,944.97 12,597,172.45 616,465.02 19,059,030.77
Minor shareholders’ equity -490,868.72 -278,291.45
VI. Earnings per share:
(I) Basic earnings per share 0.0018 0.03 0.0013 0.04
(II) Diluted earnings per share 0.0018 0.03 0.0013 0.04
VII. Other misc. incomes 0.00
VIII. Total of misc. incomes 361,076.25 12,597,172.45 338,173.57 19,059,030.77
Total of misc. incomes attributable to the owners of the
851,944.97 12,597,172.45 616,465.02 19,059,030.77
parent company
Total misc. gains attributable to the minor shareholders -490,868.72 -278,291.45
Merger of entities under common control, the net profit realized by the merged party was RMB0.00.
4.3 Cash Flow Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd. Jan-Mar 2011 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
451,678,050.53 310,081,658.55 435,752,096.78 390,953,714.01
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
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 390,708.08 243,177.14 5,169,501.26 2,072,427.18
Other cash received from business operation 2,609,005.39 209,269.70 21,810,543.01 17,813,027.55
Sub-total of cash inflow from business activities 454,677,764.00 310,534,105.39 462,732,141.05 410,839,168.74
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Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2011 (Full Text)
Cash paid for purchasing of merchandise and services 423,719,627.65 352,034,024.59 415,066,091.07 403,393,644.84
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 59,973,321.99 47,012,844.55 53,455,217.86 41,993,807.58
Taxes paid 20,440,957.76 10,235,516.37 16,346,710.48 13,803,259.35
Other cash paid for business activities 19,256,632.46 8,567,538.26 19,484,493.29 4,324,560.80
Sub-total of cash outflow from business activities 523,390,539.86 417,849,923.77 504,352,512.70 463,515,272.57
Cash flow generated by business operation, net -68,712,775.86 -107,315,818.38 -41,620,371.65 -52,676,103.83
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains
Net cash retrieved from disposal of fixed assets,
8,458.78 22,080.00
intangible assets, and other long-term assets
Net cash received from disposal of subsidiaries or
other operational units
Other investment-related cash received 1,255,057.17 454,251.73 31,806.24 31,806.24
Sub-total of cash inflow due to investment activities 1,263,515.95 454,251.73 53,886.24 31,806.24
Cash paid for construction of fixed assets, intangible
8,586,530.18 5,865,545.18 27,235,730.50 15,131,934.40
assets and other long-term assets
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 20,855,546.38 20,128,000.00
Sub-total of cash outflow due to investment
39,442,076.56 35,993,545.18 27,235,730.50 15,131,934.40
activities
Net cash flow generated by investment -38,178,560.61 -35,539,293.45 -27,181,844.26 -15,100,128.16
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor
shareholders
Cash received as loans 653,720,000.00 523,720,000.00 162,000,000.00 102,000,000.00
Cash received from bond placing
Other financing-related cash received 84,694,790.93 833,813,214.05 908,525,036.83 1,357,192,109.95
Subtotal of cash inflow from financing activities 738,414,790.93 1,357,533,214.05 1,070,525,036.83 1,459,192,109.95
Cash to repay debts 113,000,000.00 113,000,000.00 209,500,000.00 113,600,000.00
Cash paid as dividend, profit, or interests 13,052,662.66 9,637,366.52 13,508,166.55 2,797,176.92
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 1,093,860,107.76 1,342,780,270.98 869,063,918.49 1,351,167,977.88
Subtotal of cash outflow due to financing activities 1,219,912,770.42 1,465,417,637.50 1,092,072,085.04 1,467,565,154.80
Net cash flow generated by financing -481,497,979.49 -107,884,423.45 -21,547,048.21 -8,373,044.85
IV. Influence of exchange rate alternation on cash and cash
-20,615.51 39,717.78 929,400.70 18,588.81
equivalents
V. Net increase of cash and cash equivalents -588,409,931.47 -250,699,817.50 -89,419,863.42 -76,130,688.03
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Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2011 (Full Text)
Plus: Balance of cash and cash equivalents at the
825,448,011.94 427,024,050.29 353,517,340.71 330,985,587.79
beginning of term
VI. Balance of cash and cash equivalents at the end of term 237,038,080.47 176,324,232.79 264,097,477.29 254,854,899.76
4.4 Auditors’ Report
Auditor’s opinion: not audited.
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