Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2011 (Full Text)
Chongqing Jianshe Motorcycle Co., Ltd.
The 3rd 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 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
Hao Lin Director On business trip Tang Wenquan
Wang Jun Independent Director On business trip Cheng Yuanwei
Chen Xingshu Independent Director On business trip Yu Jianfeng
rd
1.3 The 3 Quarterly Report is not audited by CPA.
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
2011.9.30 2010.12.31 Extent of Change (%)
Gross Assets (RMB) 2,594,962,041.77 3,198,882,522.23 -18.88%
Owners’ equity attributable to the
427,338,801.24 474,908,579.52 -10.02%
shareholders of the listed company (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 0.89 0.99 -10.10%
(Yuan/share)
Changed over the Changed over the
Jul-Sept 2011 same period of last Jan-Sept 2011 same period of last
year (%) year (%)
Turnover (yuan) 567,775,161.20 3.80% 1,939,217,723.70 5.83%
Net profit attributable to shareholders of
-48,934,141.34 394.03% -47,569,778.28 -1,463.28%
the listed company (yuan)
Net Cash flow generated by business
- - -73,934,029.02 31.06%
operation (RMB)
Net Cash flow per share generated by
- - -0.15 -31.06%
business operation (yuan/share)
Basic earnings per share (Yuan/share) -0.10 400.00% -0.10 -1,100.00%
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Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2011 (Full Text)
Diluted earnings per share (Yuan/share) -0.10 400.00% -0.10 -1,100.00%
Weighted average net
-10.83% -420.67% -10.54% -1,305.33%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring -10.79% -336.84% -10.75% -107,600.00%
gain/loss(%)
Non-recurring gain and loss items
√ applicable □ not applicable
In RMB Yuan
Non-recurring gain and loss items Amount Note (if applicable)
Gain/loss of non-current assets -14,880.32
Government subsidies accounted into current gain/loss account, other
than those closely related to the Company’ common business, comply
1,119,024.60
with the national policy and continues to enjoy at certain fixed rate or
amount.
Other gain/loss items satisfying the definition of non-recurring
-164,297.46
gain/loss account
Total 939,846.82 -
2.2 Total of shareholders and top-10 holders of current shares
in shares
Total shareholders at the end of the report period
15,604
(accounts)
Top Ten Shareholders of Negotiable Shares
Negotiable shares held at the end of report
Full name of shareholder Categories
term
Foreign shares placed in domestic
Wang Chuxin 1,460,100
exchange
Foreign shares placed in domestic
Jin Jie 655,935
exchange
Foreign shares placed in domestic
Yang Shuitian 600,100
exchange
Foreign shares placed in domestic
Huang Lianna 539,800
exchange
Foreign shares placed in domestic
Cai Yugui 512,700
exchange
Foreign shares placed in domestic
Peng Daqiang 470,849
exchange
Foreign shares placed in domestic
Zhang Shaoqin 420,800
exchange
Foreign shares placed in domestic
Shanghai Hong Kong Wanguo Securities 420,000
exchange
Foreign shares placed in domestic
Chen Hanjie 419,130
exchange
Foreign shares placed in domestic
Luo Hongbo 400,000
exchange
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Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2011 (Full Text)
§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
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
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Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2011 (Full Text)
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, 2011 RMB Yuan
Ending balance Balance at the beginning of year
Items
Consolidated Parent company Consolidated Parent company
Current asset:
Monetary capital 144,041,304.12 96,077,912.54 825,440,026.90 427,024,050.29
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 171,878,392.21 87,900,821.03 113,287,107.16 7,890,000.00
Account receivable 235,608,357.93 34,401,233.22 175,805,282.76 5,727,805.75
Prepayment 94,066,878.37 29,922,433.20 103,649,799.91 79,713,229.02
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 46,447,525.22 203,395,179.06 32,085,914.13 201,171,446.05
Repurchasing of financial assets
Inventories 252,350,649.93 57,082,338.94 300,495,276.28 57,564,284.39
Non-current asset due in 1 year
Other current asset
Total of current asset 944,393,107.78 508,779,917.99 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 665,295,493.82 814,756,021.70 631,736,542.30 781,197,070.18
Investment real estates
Fixed assets 824,832,382.30 625,947,928.46 855,597,461.88 650,107,621.77
Construction in process 1,020,568.67 1,017,569.67 1,040,282.31 1,040,282.31
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 85,178,240.77 62,812,997.54 90,185,914.33 66,573,220.08
R&D expense 52,331,465.40 52,331,465.40 46,372,717.73 46,372,717.73
Goodwill
Long-term amortizable expenses 11,136,502.99 1,911,513.55 12,812,902.71 2,550,355.83
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Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2011 (Full Text)
Differed income tax asset 9,142,280.04 1,368,077.86 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 1,650,568,933.99 1,560,145,574.18 1,648,119,115.09 1,549,011,507.41
Total of assets 2,594,962,041.77 2,068,925,492.17 3,198,882,522.23 2,328,102,322.91
Current liabilities
Short-term loans 866,875,423.83 705,720,000.00 415,611,440.00 361,950,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 113,840,000.00 30,000,000.00 1,192,183,328.82 690,160,140.40
Account payable 358,446,316.78 315,378,935.30 483,750,526.61 364,985,581.76
Prepayment received 78,049,271.06 5,393,598.13 81,587,932.62 3,771,303.87
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 2,770,909.02 180,377.72 2,591,770.66 1,123,194.06
Tax payable 127,171,455.09 126,724,165.75 130,292,791.35 128,907,519.65
Interest payable
Dividend payable
Other account payable 25,738,969.25 25,831,929.06 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 69,450,000.00 69,450,000.00 62,500,000.00 62,500,000.00
Other current liability
Total of current liability 1,642,342,345.03 1,278,679,005.96 2,407,264,760.10 1,655,488,915.64
Non-current liabilities
Long-term borrowings 520,850,000.00 224,550,000.00 312,000,000.00 82,000,000.00
Bond payable
Long-term payable
Special payable 2,613,000.00 2,613,000.00 2,269,250.00 2,269,250.00
Anticipated liabilities
Differed income tax liability
Other non-recurring liabilities
Total of non-current liabilities 523,463,000.00 227,163,000.00 314,269,250.00 84,269,250.00
Total of liability 2,165,805,345.03 1,505,842,005.96 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 -779,027,716.35 -641,342,808.08 -731,457,938.07 -616,082,137.02
Different of foreign currency translation
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Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2011 (Full Text)
Total of owner’s equity belong to the parent company 427,338,801.24 563,083,486.21 474,908,579.52 588,344,157.27
Minor shareholders’ equity 1,817,895.50 2,439,932.61
Total of owners’ equity 429,156,696.74 563,083,486.21 477,348,512.13 588,344,157.27
Total of liabilities and owners’ equity 2,594,962,041.77 2,068,925,492.17 3,198,882,522.23 2,328,102,322.91
4.2 Income Statement of the report term
Prepared by Chongqing Jianshe Motorcycle Co., Ltd. Jul-Sept 2011 in RMB
Amount of the Current Term Amount of the Previous Term
Items Parent Parent
Consolidated Consolidated
company company
I. Total revenue 567,775,161.20 435,428,864.80 546,997,745.88 572,209,512.65
Incl. Business income 567,775,161.20 435,428,864.80 546,997,745.88 572,209,512.65
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 626,732,386.99 481,891,488.55 551,098,982.57 557,545,533.67
Incl. Business cost 502,631,430.06 405,917,614.67 458,991,882.81 522,055,322.87
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 7,301,746.47 5,857,886.12 5,941,212.58 5,544,371.27
Sales expense 42,820,137.76 7,899,355.41 34,579,653.21 9,990,960.98
Administrative expense 53,341,707.13 45,314,328.55 38,101,654.64 12,948,073.25
Financial expenses 23,031,774.37 16,683,818.66 17,417,671.71 7,481,605.81
Asset impairment loss -2,394,408.80 218,485.14 -3,933,092.38 -474,800.51
Plus: Gains from change of fair value (“-“ for loss)
Investment gain (“-“ for loss) 10,510,862.62 10,510,862.62 -7,239,297.84 -7,239,297.84
Incl. Investment gains from affiliates 10,510,862.62 10,510,862.62 -7,239,297.84 -7,239,297.84
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) -48,446,363.17 -35,951,761.13 -11,340,534.53 7,424,681.14
Plus: Non business income 185,989.54 53,119.54 2,060,054.69 1,347,334.46
Less: Non-business expenses 372,906.63 85,493.76 181,696.29 150,000.00
Incl. Loss from disposal of non-current assets -12,472.85 21,790.58
IV. Gross profit (“-“ for loss) -48,633,280.26 -35,984,135.35 -9,462,176.13 8,622,015.60
Less: Income tax expenses 359,161.32 -32,772.77
V. Net profit (“-“ for net loss) -48,992,441.58 -35,951,362.58 -9,462,176.13 8,622,015.60
Net profit attributable to the owners of parent company -48,934,141.34 -35,951,362.58 -9,905,062.98 8,622,015.60
Minor shareholders’ equity -58,300.24 442,886.85
VI. Earnings per share:
(I) Basic earnings per share -0.10 -0.07 -0.02 0.02
(II) Diluted earnings per share -0.10 -0.07 -0.02 0.02
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Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2011 (Full Text)
VII. Other misc. incomes 0.00 0.00
VIII. Total of misc. incomes -48,992,441.58 -35,951,362.58 -9,462,176.13 8,622,015.60
Total of misc. incomes attributable to the owners of the
-48,934,141.34 -35,951,362.58 -9,905,062.98 8,622,015.60
parent company
Total misc gains attributable to the minor shareholders -58,300.24 442,886.85
Merger of entities under common control, the net profit realized by the merged party was RMB0.00.
4.3 Income Statement from the beginning of year to the end of report term
Prepared by Chongqing Jianshe Motorcycle Co., Ltd. Jan-Sept 2011 in RMB
Amount of the Current Term Amount of the Previous Term
Items
Consolidated Parent company Consolidated Parent company
I. Total revenue 1,939,217,723.70 1,304,442,456.27 1,832,318,724.37 2,046,933,482.72
Incl. Business income 1,939,217,723.70 1,304,442,456.27 1,832,318,724.37 2,046,933,482.72
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 2,023,309,323.64 1,365,650,205.14 1,864,812,739.15 2,067,952,812.41
Incl. Business cost 1,677,772,496.00 1,192,586,718.50 1,553,434,479.31 1,913,142,241.31
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 25,607,227.78 22,016,488.54 23,957,724.37 22,381,522.35
Sales expense 116,484,668.26 22,652,403.81 125,432,271.57 33,478,344.44
Administrative expense 131,196,948.55 84,228,792.87 113,644,419.36 70,409,142.13
Financial expenses 58,580,550.70 42,846,879.09 48,861,196.30 30,665,665.55
Asset impairment loss 1,028,747.31 1,318,922.33 -517,351.76 -2,124,103.37
Plus: Gains from change of fair value (“-“ for loss)
Investment gain (“-“ for loss) 34,558,951.52 34,558,951.52 32,433,820.34 32,433,820.34
Incl. Investment gains from affiliates 35,062,356.35 35,062,356.35 32,937,225.17 32,937,225.17
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) -49,532,648.42 -26,648,797.35 -60,194.44 11,414,490.65
Plus: Non business income 1,813,273.73 1,429,097.13 4,278,580.25 2,923,202.14
Less: Non-business expenses 873,426.91 238,809.19 473,264.85 327,218.18
Incl. Loss from disposal of non-current assets 21,790.58 21,790.58
IV. Gross profit (“-“ for loss) -48,592,801.60 -25,458,509.41 3,745,120.96 14,010,474.61
Less: Income tax expenses -400,986.21 -197,838.35 247,395.42 247,395.42
V. Net profit (“-“ for net loss) -48,191,815.39 -25,260,671.06 3,497,725.54 13,763,079.19
Net profit attributable to the owners of parent company -47,569,778.28 -25,260,671.06 3,489,353.94 13,763,079.19
Minor shareholders’ equity -622,037.11 8,371.60
VI. Earnings per share:
(I) Basic earnings per share -0.10 -0.05 0.01 0.03
(II) Diluted earnings per share -0.10 -0.05 0.01 0.03
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Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2011 (Full Text)
VII. Other misc. incomes 0.00 0.00
VIII. Total of misc. incomes -48,191,815.39 -25,260,671.06 3,497,725.54 13,763,079.19
Total of misc. incomes attributable to the owners of the
-47,569,778.28 -25,260,671.06 3,489,353.94 13,763,079.19
parent company
Total misc gains attributable to the minor shareholders -622,037.11 8,371.60
No merger of entities under common control since the beginning of year till the end of report period, therefore the net profit
contributed by the merged entity was RMB0.00.
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 2011 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
1,415,290,564.94 918,928,458.29 1,466,869,870.61 1,126,966,543.86
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 24,490,733.11 19,512,616.27 21,534,996.87 16,043,404.74
Other cash received from business operation 10,712,684.94 3,097,014.51 49,669,491.67 26,414,838.09
Sub-total of cash inflow from business activities 1,450,493,982.99 941,538,089.07 1,538,074,359.15 1,169,424,786.69
Cash paid for purchasing of merchandise and services 1,222,058,131.55 938,364,571.08 1,385,386,749.03 1,214,027,585.57
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 159,242,297.07 116,353,216.72 145,995,763.30 114,064,423.56
Taxes paid 63,964,566.51 25,901,176.27 46,315,371.48 29,598,957.78
Other cash paid for business activities 79,163,016.88 28,353,861.73 67,624,089.79 18,654,992.81
Sub-total of cash outflow from business activities 1,524,428,012.01 1,108,972,825.80 1,645,321,973.60 1,376,345,959.72
Cash flow generated by business operation, net -73,934,029.02 -167,434,736.73 -107,247,614.45 -206,921,173.03
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 11,000,000.00 11,000,000.00 12,000,000.00 12,000,000.00
Net cash retrieved from disposal of fixed assets,
15,769.04 7,310.26 22,080.00
intangible assets, and other long-term assets
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Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2011 (Full Text)
Net cash received from disposal of subsidiaries or
other operational units
Other investment-related cash received 1,264,707.04 463,901.60 20,171,152.99 15,165,198.80
Sub-total of cash inflow due to investment activities 12,280,476.08 11,471,211.86 32,193,232.99 27,165,198.80
Cash paid for construction of fixed assets, intangible
28,831,505.68 24,129,676.97 51,661,416.86 37,855,641.49
assets and other long-term assets
Cash paid as investment 10,000,000.00 10,000,000.00 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
59,687,052.06 54,257,676.97 61,661,416.86 47,855,641.49
activities
Net cash flow generated by investment -47,406,575.98 -42,786,465.11 -29,468,183.87 -20,690,442.69
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor
shareholders
Cash received as loans 1,354,434,313.66 1,148,220,000.00 758,250,000.00 567,450,000.00
Cash received from bond placing
Other financing-related cash received 908,124,837.35 2,551,736,551.69 3,357,405,374.64 3,104,105,894.20
Subtotal of cash inflow from financing activities 2,262,559,151.01 3,699,956,551.69 4,115,655,374.64 3,671,555,894.20
Cash to repay debts 658,186,560.50 654,950,000.00 794,700,000.00 498,000,000.00
Cash paid as dividend, profit, or interests 58,055,604.38 41,657,971.62 52,286,949.09 24,295,539.85
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 1,545,836,517.13 2,862,888,748.90 3,301,007,927.40 3,034,407,244.27
Subtotal of cash outflow due to financing activities 2,262,078,682.01 3,559,496,720.52 4,147,994,876.49 3,556,702,784.12
Net cash flow generated by financing 480,469.00 140,459,831.17 -32,339,501.85 114,853,110.08
IV. Influence of exchange rate alternation on cash and cash
-740,722.75 -597,881.06 848,449.05 -122,567.93
equivalents
V. Net increase of cash and cash equivalents -121,600,858.75 -70,359,251.73 -168,206,851.12 -112,881,073.57
Plus: Balance of cash and cash equivalents at the
248,884,345.21 166,262,402.29 399,379,360.33 330,985,587.79
beginning of term
VI. Balance of cash and cash equivalents at the end of term 127,283,486.46 95,903,150.56 231,172,509.21 218,104,514.22
4.5 Auditors’ Report
Auditor’s opinion: not audited.
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