Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2012 (Full Text)
Chongqing Jianshe Motorcycle Co., Ltd.
The 1st Quarterly Report 2012 (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
Position Reason for not presenting the meeting Name of consignee
absented
Independent
Wang Jun On business trip Cheng Yuanwei
Director
Independent
Yu Jianfeng On business trip Chen Xingshu
Director
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 (%)
Total asset (RMB) 2,687,418,453.02 2,691,721,123.40 -0.16%
Owners’ equity attributable to the shareholders of
286,979,342.62 286,466,093.56 0.18%
the listed company (yuan)
Total capital share (shares) 477,500,000.00 477,500,000.00 0.00%
Net asset per share attributable to the
0.60 0.60 0.00%
shareholders of the listed company (Yuan/share)
This report term Same period last year Changed by (%)
Turnover (yuan) 497,268,915.22 666,102,460.50 -25.35%
Net profit attributable to shareholders of the
513,249.06 851,944.97 -39.76%
listed company (yuan)
Net Cash flow generated by business operation
-1,796,793.31 -68,712,775.86 97.39%
(RMB)
Net Cash flow per share generated by business
-0.004 0.10 -104.00%
operation (yuan/share)
Basic earnings per share (Yuan/share) 0.001 0.0018 -44.44%
Diluted earnings per share (Yuan/share) 0.001 0.0018 -44.44%
Weighted average net
0.18% -49.50% 49.68%
income/asset ratio (%)
Weighted average net 0.18% -48.11% 48.29%
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2012 (Full Text)
income/asset ratio less non-recurring
gain/loss(%)
Non-recurring gain and loss items
√ applicable □ not applicable
In RMB Yuan
Amount from beginning of year to
Non-recurring gain and loss items Note (if applicable)
the end of report period
Gain/loss of non-current assets -64,685.54
Other gain/loss items satisfying the definition of non-recurring
58,090.55
gain/loss account
Total -6,594.99 -
2.2 Total of shareholders and top-10 holders of current shares
in shares
Total shareholders at the end of the report period
15,431
(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 1,470,000
exchange
Foreign shares placed in domestic
Chen Hanjie 570,700
exchange
Foreign shares placed in domestic
Yang Shuitian 540,100
exchange
Foreign shares placed in domestic
Huang Lianna 539,800 exchange
Foreign shares placed in domestic
Jin Jie 535,600
exchange
Foreign shares placed in domestic
Cai Yugui 512,300
exchange
Foreign shares placed in domestic
Peng Daqiang 470,849
exchange
Foreign shares placed in domestic
Li Mingya 424,400
exchange
Foreign shares placed in domestic
Zhang Shaoqin 420,800
exchange
Foreign shares placed in domestic
Shanghai Hong Kong Wanguo Securities 420,000
exchange
§3 Significant Events
3.1 Details and causations of major change in major accounting subjects and financial indices
□applicable √ not applicable
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2012 (Full Text)
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
3.6.1 Derivate financial instrument stock at end of report term
□applicable √ not applicable
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2012 (Full Text)
§4 Attachments
4.1 Balance Sheet
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd. March 31, 2012 RMB Yuan
Ending balance Balance at the beginning of year
Items
Consolidated Parent company Consolidated Parent company
Current asset:
Monetary capital 170,906,091.56 100,473,278.54 190,637,204.06 95,112,079.64
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 257,026,908.23 90,462,808.23 255,630,070.43 91,147,805.32
Account receivable 208,264,827.72 20,405,683.01 164,211,795.84 25,519,400.79
Prepayment 76,574,774.06 30,228,947.77 84,180,707.60 32,008,622.36
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 22,671,749.19 150,123,789.32 20,812,821.83 210,618,877.52
Repurchasing of financial assets
Inventories 307,222,155.08 81,760,966.50 327,646,526.59 68,804,889.80
Non-current asset due in 1 year
Other current asset
Total of current asset 1,042,666,505.84 473,455,473.37 1,043,119,126.35 523,211,675.43
Non-current assets
Disburse of consigned loans
Available-for-sale financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 671,211,026.59 820,209,982.89 661,109,026.54 810,107,982.84
Investment real estates
Fixed assets 801,711,044.14 608,692,755.72 815,167,792.40 618,928,862.75
Construction in process 1,523,022.95 1,220,023.95 637,819.15 530,820.15
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 111,032,313.94 88,939,106.57 114,167,766.09 91,938,540.79
R&D expense 43,193,808.50 43,193,808.50 40,642,012.19 40,642,012.19
Goodwill
Long-term amortizable expenses 11,161,322.22 2,628,037.74 11,958,171.84 3,079,034.88
Differed income tax asset 3,695,408.84 3,695,408.84
Other non-current asset 1,224,000.00 1,224,000.00
Total of non-current assets 1,644,751,947.18 1,564,883,715.37 1,648,601,997.05 1,565,227,253.60
Total of assets 2,687,418,453.02 2,038,339,188.74 2,691,721,123.40 2,088,438,929.03
Current liabilities
Short-term loans 970,879,709.94 678,500,000.00 886,432,513.10 695,720,000.00
Loan from Central Bank
Deposit received and hold for others
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2012 (Full Text)
Call loan received
Trade off financial liabilities
Notes payable 191,009,100.00 0.00 182,052,500.00
Account payable 430,403,015.86 403,873,601.56 493,041,465.91 451,497,827.87
Prepayment received 78,538,963.48 11,793,446.22 90,848,770.88 13,682,056.79
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 931,368.57 392,426.82 1,295,690.87 738,942.92
Tax payable 129,898,943.78 126,961,797.37 122,045,251.33 128,821,934.36
Interest payable
Dividend payable
Other account payable 26,710,345.64 101,633,015.70 44,989,142.90 76,348,143.67
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 180,900,000.00 92,000,000.00 115,400,000.00 17,000,000.00
Other current liability
Total of current liability 2,009,271,447.27 1,415,154,287.67 1,936,105,334.99 1,383,808,905.61
Non-current liabilities
Long-term borrowings 388,700,000.00 193,500,000.00 466,700,000.00 271,500,000.00
Bond payable
Long-term payable
Special payable 738,000.00 738,000.00 738,000.00 738,000.00
Anticipated liabilities
Differed income tax liability
Other non-recurring liabilities
Total of non-current liabilities 389,438,000.00 194,238,000.00 467,438,000.00 272,238,000.00
Total of liability 2,398,709,447.27 1,609,392,287.67 2,403,543,334.99 1,656,046,905.61
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 -919,387,174.97 -775,479,393.22 -919,900,424.03 -772,034,270.87
Different of foreign currency translation
Total of owner’s equity belong to the parent company 286,979,342.62 428,946,901.07 286,466,093.56 432,392,023.42
Minor shareholders’ equity 1,729,663.13 0.00 1,711,694.85
Total of owners’ equity 288,709,005.75 428,946,901.07 288,177,788.41 432,392,023.42
Total of liabilities and owners’ equity 2,687,418,453.02 2,038,339,188.74 2,691,721,123.40 2,088,438,929.03
4.2 Income Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd. Jan-Mar, 2012 RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items Parent Parent
Consolidated Consolidated
company company
I. Total revenue 497,268,915.22 473,862,253.87 666,102,460.50 479,357,064.08
Incl. Business income 497,268,915.22 473,862,253.87 666,102,460.50 479,357,064.08
Interest income
Insurance fee earned
Fee and commission received
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2012 (Full Text)
II. Total business cost 506,833,102.94 487,532,490.08 670,456,548.78 471,505,459.26
Incl. Business cost 420,220,825.52 435,823,756.69 579,704,505.79 426,912,021.62
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 6,325,629.42 5,776,111.43 9,501,723.83 8,750,224.52
Sales expense 26,405,955.49 4,476,695.63 27,967,299.59 6,944,447.90
Administrative expense 32,856,037.00 25,255,218.35 39,564,656.97 19,125,323.89
Financial expenses 21,024,655.51 16,200,707.98 13,718,362.60 9,773,441.33
Asset impairment loss
Plus: Gains from change of fair value (“-“ for loss)
Investment gain (“-“ for loss) 10,102,000.05 10,102,000.05 4,625,021.06 4,625,021.06
Incl. Investment gains from affiliates 10,102,000.05 10,102,000.05 4,625,021.06 4,625,021.06
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 537,812.33 -3,568,236.16 270,932.78 12,476,625.88
Plus: Non business income 137,854.75 123,113.81 132,816.57 120,546.57
Less: Non-business expenses 144,449.74 0.00 42,673.10
Incl. Loss from disposal of non-current assets 64,685.54
IV. Gross profit (“-“ for loss) 531,217.34 -3,445,122.35 361,076.25 12,597,172.45
Less: Income tax expenses
V. Net profit (“-“ for net loss) 531,217.34 -3,445,122.35 361,076.25 12,597,172.45
Net profit attributable to the owners of parent company 513,249.06 -3,445,122.35 851,944.97 12,597,172.45
Minor shareholders’ equity 17,968.28 0.00 -490,868.72
VI. Earnings per share:
(I) Basic earnings per share 0.001 -0.007 0.0018 0.03
(II) Diluted earnings per share 0.001 -0.007 0.0018 0.03
VII. Other misc. incomes 0.00
VIII. Total of misc. incomes 531,217.34 -3,445,122.35 361,076.25 12,597,172.45
Total of misc. incomes attributable to the owners of the parent
513,249.06 -3,445,122.35 851,944.97 12,597,172.45
company
Total misc gains attributable to the minor shareholders 17,968.28 0.00 -490,868.72
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, 2012 RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items Parent
Consolidated Consolidated Parent company
company
I. Net cash flow from business operation
Cash received from sales of products and providing of services 297,088,118.69 255,053,972.80 451,678,050.53 310,081,658.55
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 533,919.09 219,492.94 390,708.08 243,177.14
Other cash received from business operation 8,832,699.16 816,271.67 2,609,005.39 209,269.70
Sub-total of cash inflow from business activities 306,454,736.94 256,089,737.41 454,677,764.00 310,534,105.39
Cash paid for purchasing of merchandise and services 221,240,996.22 184,347,140.56 423,719,627.65 352,034,024.59
Net increase of client trade and advance
Net increase of savings in central bank and brother company
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2012 (Full Text)
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 55,242,361.44 43,207,952.52 59,973,321.99 47,012,844.55
Taxes paid 10,527,582.86 8,843,916.16 20,440,957.76 10,235,516.37
Other cash paid for business activities 21,240,589.73 4,217,896.15 19,256,632.46 8,567,538.26
Sub-total of cash outflow from business activities 308,251,530.25 240,616,905.39 523,390,539.86 417,849,923.77
Cash flow generated by business operation, net -1,796,793.31 15,472,832.02 -68,712,775.86 -107,315,818.38
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
0.00 8,458.78
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 8,032,183.06 8,003,127.98 1,255,057.17 454,251.73
Sub-total of cash inflow due to investment activities 8,032,183.06 8,003,127.98 1,263,515.95 454,251.73
Cash paid for construction of fixed assets, intangible assets and
28,658,159.53 27,493,380.30 8,586,530.18 5,865,545.18
other long-term assets
Cash paid as investment 0.00 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 0.00 20,855,546.38 20,128,000.00
Sub-total of cash outflow due to investment activities 28,658,159.53 27,493,380.30 39,442,076.56 35,993,545.18
Net cash flow generated by investment -20,625,976.47 -19,490,252.32 -38,178,560.61 -35,539,293.45
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor shareholders
Cash received as loans 479,172,309.94 360,000,000.00 653,720,000.00 523,720,000.00
Cash received from bond placing
Other financing-related cash received 58,657,456.50 518,467,863.80 84,694,790.93 833,813,214.05
Subtotal of cash inflow from financing activities 537,829,766.44 878,467,863.80 738,414,790.93 1,357,533,214.05
Cash to repay debts 403,324,856.00 380,220,000.00 113,000,000.00 113,000,000.00
Cash paid as dividend, profit, or interests 24,255,209.07 15,832,544.60 13,052,662.66 9,637,366.52
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 127,641,539.64 473,036,700.00 1,093,860,107.76 1,342,780,270.98
Subtotal of cash outflow due to financing activities 555,221,604.71 869,089,244.60 1,219,912,770.42 1,465,417,637.50
Net cash flow generated by financing -17,391,838.27 9,378,619.20 -481,497,979.49 -107,884,423.45
IV. Influence of exchange rate alternation on cash and cash
31,217.22 0.00 -20,615.51 39,717.78
equivalents
V. Net increase of cash and cash equivalents -39,783,390.83 5,361,198.90 -588,409,931.47 -250,699,817.50
Plus: Balance of cash and cash equivalents at the beginning of
161,078,406.88 92,026,931.24 825,448,011.94 427,024,050.29
term
VI. Balance of cash and cash equivalents at the end of term 121,295,016.05 97,388,130.14 237,038,080.47 176,324,232.79
4.4 Auditors’ Report
Auditor’s opinion: not audited.
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