Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Stock Code: 200054 Stock ID: Jianmo B Announcement No. 2012-040
Interim Report 2012 Summary
I. Important Statement
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.
Disagreement claimed by the Directors, Supervisors or the Executives
Reason for unable to guarantee for the
Name Position thruthfulness, accuracy and completeness of the
report
Declaration:
Directors other than the followings presented the Board Meeting at which this report was examined:
Reason for not presenting the
Name of the director absented Position Name of consignee
meeting
Hao Lin Director On business travel Tang Wenquan
Auditors’ Opinions
The Interim Report was not audited by CPA.
Mr. Li Huaguang, the responsible people of the Company, Mr. Teng Feng, the Chief Financial Officer, and Mr. Liao Jian manager of
accounting department declare: the Financial Report carried in this report is authentic and completed.
II. Profile of the Company
(I) Basic information
ID of B-stock Jianmo B
Code of B-stock 200054
Stock Exchange Shenzhen Stock Exchange
Secretary of the Board Representative of Stock Affairs
Name Teng Feng Liu Hongyu
No.1 Jianshe Road, Huaxi Industrial Zone, No.1 Jianshe Road, Huaxi Industrial Zone,
Address
Ba’nan District, Chongqing Ba’nan District, Chongqing
Tel. (023)66295333 (023)66295333
Fax. (023)66295333 (023)66295333
Email. cqjsmc@jianshe.com.cn cqjsmc@jianshe.com.cn
(II) Financial Highlights
1. Main accounting data and indices
1
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
If retrospective adjustment has been carried out on financial reports of previous periods
[] Yes [V] No
Ended this report term Ended previous year Changed by (%)
Gross Assets (RMB) 2,856,550,977.9 2,691,721,123.4 6.12%
Owners’ equity attributable to the
252,758,439.86 286,466,093.56 -11.77%
shareholders of the listed company (yuan)
Capital shares (shares) 477,500,000 477,500,000 0%
Net asset per share attributable to the
shareholders of the listed company 0.53 0.6 -11.67%
(Yuan/share)
Liability on asset ratio (%) 91.07% 89.29% 1.78%
Increase/decrease over
Report term (Jan-Jun) Same period last year
same period of last year(%)
Turnover (yuan) 968,858,593.63 1,371,442,562.5 -29.35%
Business profit (RMB) -33,258,411.48 -1,086,285.25 -2,961.62%
Gross profit (RMB) -33,035,241.44 40,478.66 -81,711.5%
Net profit attributable to shareholders of
-33,707,653.7 1,364,363.06 -2,570.58%
the listed company (yuan)
Net profit attributable to the shareholders
of the listed company and after deducting -33,930,823.74 237,599.15 -14,380.7%
of non-recurring gain/loss(RMB)
Basic earnings per share (Yuan/share) -0.0706 0.0029 -2534.48%
Diluted earnings per share (Yuan/share) -0.0706 0.0029 -2534.48%
Weighted average net
-12.5% 0.29% -12.79%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring -12.59% 0.05% -12.64%
gain/loss(%)
Net Cash flow generated by business
-41,048,514.26 -31,868,308.65 -28.81%
operation (RMB)
Net Cash flow per share generated by
-0.09 -0.07 -28.57%
business operation (yuan/share)
Statement on the accounting data and financial indicies at end of report term. (Please state if retrospective adjustment was made.)
2. Non-recurring profit/loss items
[V] Applicable [] Not applicable
Amount from the beginning
Non-recurring gain and loss items of year to the end of report Remarks
period RMB
Gain/loss of non-current assets -73,623.94
Tax refunding or exemption without official certification or
exceeded authority
Gains and losses included in the current period of
government subsidies, excluding those government grants
which are closely related to normal business and in line with 122,200
national policy , or in accordance with fixed standards or
quantities
Capital adoption fee collected from non-financial
organizations and accounted into current gain/loss
Gain/loss from differences between the cost of enterprise
merger and the fair value of recognizable net asset of the
invested entities
2
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Gain/loss from non-monetary assets
Gain/loss from commissioned investment or assets
Asset impairment provisions provided for force-majeur
Gain/loss from debt reorganization
Enterprise reorganizing expenses, such as employee
placement fee and integration fee
Gain/loss from trade departing from fair value
Current net gain/loss of subsidiaries under same control
from beginning of term till date of consolidation
Gain/loss generated by contingent liabilities without
connection with main businesses
Gain/loss from change of fair value of transactional asset
and liabilities, and investment gains from disposal of
transactional financial assets and liabilities and sellable
financial assets, other than valid period value instruments
related to the Company’s common businesses
Restoring of receivable account impairment provision tested
individually
Gain/loss from commissioned loans
Gain/loss from change of fair value of investment property
measured at fair value in follow-up measurement
Influence of one-time adjustment made on current gain/loss
account according to the laws and regulations regarding tax
and accounting
Consigning fee received for cosigned operation
Other non-business income and expenditures other than the
above
Other gain/loss items satisfying the definition of
174,593.8
non-recurring gain/loss account
Influenced amount of minority shareholders’ equity
Influenced amount of income tax
Total 223,170.04 --
3. Differences in net profit and net asset under domestic and international accounting standards
[V] Applicable [] Not applicable
In RMB Yuan
Net profit attributable to the shareholders of the Owners’ equity to shareholders of the listed
listed company company
Current term Previous term At end of term At beginning of term
On Chinese Accounting
-33,707,653.7 1,364,363.06 252,758,439.86 286,466,093.56
Standard
Items and amounts adjusted on IAS
Under International
Accounting Standard
4. Differences in net profit and net asset under domestic and overseas accounting standards
[V] Applicable [] Not applicable
In RMB Yuan
3
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Net profit attributable to the shareholders of the Owners’ equity to shareholders of the listed
listed company company
Current term Previous term At end of term At beginning of term
On Chinese Accounting
-33,707,653.7 1,364,363.06 252,758,439.86 286,466,093.56
Standard
Accounts and amounts adjusted according to overseas accounting standard
On IAS
III. Particulars About the Capital Share and Shareholders
(I) Statement of Change in Capital Share
[] Applicable; [V] Not applicable
(II) Top 10 shareholders and top 10 holders of un-restricted / current shares
Top 10 shareholders and current-share holders
Total of shareholders 15,380
Top Ten Shareholders
Properties of Proportio Shares held at the Non-negotiable Frozen or pledged
Full name of shareholder
shareholder n% end of report term shares held Status of shares Amount
China Southern Industry Pledge 0
State-owned shares 71.13% 339,625,000 339,625,000
Group Co., Ltd. Restricted 0
Pledge 0
Gu Zuocheng Others 1.86% 8,875,000 8,875,000
Restricted 0
Anhui Hengsheng Pledge 0
Public legal person
Economic Development 1.47% 7,000,000 7,000,000
shares Restricted 0
Group Co., Ltd.
Pledge 0
Feng Yonghui Others 0.42% 2,000,000 2,000,000
Restricted 0
Shanghai Hong Kong Pledge 0
Foreign shares 0.27% 1,271,001 0
Wanguo Securities Restricted 0
Pledge 0
Wang Chuxin Foreign shares 0.22% 1,050,000 0
Restricted 0
Pledge 0
Chen Hanjie Foreign shares 0.12% 550,000 0
Restricted 0
Pledge 0
Huang Lianna Foreign shares 0.11% 539,800 0
Restricted 0
Pledge 0
Cai Yugui Foreign shares 0.11% 515,900 0
Restricted 0
Pledge 0
Peng Daqiang Foreign shares 0.1% 470,849 0
Restricted 0
Top Ten Shareholders of Negotiable Shares
Categories and amounts of shares
Name of the shareholder Current shares held
Categories Amount
4
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Shanghai Hong Kong Wanguo Securities 1,271,001 B shares
Wang Chuxin 1,050,000 B shares 1,050,000
Chen Hanjie 550,000 B shares 550,000
Huang Lianna 539,800 B shares 539,800
Cai Yugui 515,900 B shares 515,900
Peng Daqiang 470,849 B shares 470,849
Li Mingya 424,400 B shares 424,400
Zhang Shaoqin 420,800 B shares 420,800
Luo Hongbo 400,000 B shares 400,000
Zhu Gengxin 391,811 B shares 391,811
There isn’t any associated relationship between the sponsoring shareholder and
the other shareholders among the top-10 list. None of them are regarded as
Statement of relationships and (or)
‘Acting in concert’ in accordance with ‘The rules of information disclosure on
action-in-concert among above shareholders:
change of shareholding.’ Foreign shareholders are unknown for their condition of
‘Associated relationship’ and ‘Acting in concert’.
(III) Change of controlling shareholder and substantial controller
[] Applicable; [V] Not applicable
IV. Particulars about the Directors, Supervisors, and Senior
Management
(I) Change of shareholding by directors, supervisors, and executives
Shares Shares Incl. Amount Share options
Shares Shares held
holding at the decreased of shares held at the Cause of
Name Position increased this at the end of
beginning of this term under end of term change
term (shares) term
term (shares) (shares) restriction (shares)
V. Report of the Board
(I) Main business segment in industries and products
In RMB Yuan
Segments on industries
Increase/decrease Increase/decrease
Increase/decrease
of operation cost of gross profit
Gross profit of turnover over
On Industries Turnover Operation cost over the same ratio over the
ratio % the same period
period of last year same period of
of last year (%)
(%) last year (%)
Industry 899,950,333.01 765,044,914.66 14.99% -33.67% -35.16% 15.03%
Segements on products
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Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Increase/decrease Increase/decrease
Increase/decrease
of operation cost of gross profit
Gross profit of turnover over
On Products Turnover Operation cost over the same ratio over the
ratio % the same period
period of last year same period of
of last year (%)
(%) last year (%)
Motorcycle and
633,626,513.96 535,339,578.16 18.36% -33.11% -37.04% 60.93%
parts
Vehicle air
266,323,819.05 229,705,336.5 15.94% -34.96% -30.32% -34.15%
conditioner
Statement of significant change of gross profit over the same period of previous year
Growing of gross profit ratio of motorcycle products was caused by increasing of sales prices of main products and parts, and
decreasing of costs. Decreasing of gross profit ratio of air-conditioner products was caused by declining of sales price.
(II) Main business segment on regions
In RMB Yuan
Regions Turnover Change of turnover YoY (%)
North 106,393,837.49 -45.87%
East 81,191,969.24 -13.9%
Mid-south 52,841,162.17 -1.75%
South-west 403,423,014.5 -42.78%
North-east 43,291,987.47 -14.79%
North-west 35,775,716.14 -28.93%
South 32,505,376.53 -28.9%
Overseas sales 144,527,269.47 -9.74%
(III) Statement on material change in main business composision
[] Applicable; [V] Not applicable
(IV) Statement on material change in main business profitability (gross profit)
[V] Applicable [] Not applicable
(V) Analyze of major changes on profit composition comparing with the same period of last
year
[] Applicable; [V] Not applicable
(VI) Usage of financing proceeds
1. Comparison of usage of financing proceeds
[] Applicable; [V] Not applicable
2. Statement on change of projects invested with financing proceeds
[] Applicable; [V] Not applicable
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Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
(VII) Revising of business plan for the 2nd half of year by the Board
[] Applicable; [V] Not applicable
(VIII) Prediction of business performance in Jan-Sept 2012
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or comparing with the
same period of last year, and statement of causations.
[] Applicable; [V] Not applicable
(IX) Statement of the Board on the 搉 on-standard auditors’ reportissued by the CPA on the
current report period
[] Applicable; [V] Not applicable
(X) Statement of the Board on the variation and treatment of events that involved in the 搉
on-standard auditors’ reportissued by the CPA on previous fiscal year
[] Applicable; [V] Not applicable
VI. Significant Events
(I) Acquisition, dispsal, or reconstruction of assets
1. Acquisition of assets
[] Applicable; [V] Not applicable
Statement on acquisition of assets.
2. Disposal of assets
[] Applicable; [V] Not applicable
Statement on disposal of assets.
3. Since releasing of capital reconstruction report or asset acquisition or disposal report, their progress and
influences on the business performance and financial positions.
[] Applicable; [V] Not applicable
7
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
(II) Guarantee issues
[V] Applicable [] Not applicable
In RMB10 thousand
External Guarantee (Exclude controlled subsidiaries)
Amount of Actual date of
Amount of Related
Guarantee provided guarantee occurring Actual amount Type of Complete
the Term party or
to and date of (signing date of of guarantee guarantee d or not
guarantee not
disclosure agreements
Total of external guarantee
Total of external guarantee
0 actually occurred in the report 0
approved in the report term (A1)
term (A2)
Total of external guarantee Total of external guarantee
approved as of end of report term 0 actually occurred as of end of 0
(A3) report term (A4)
Guarantee provided to controlled subsidiaries
Amount of Actual date of
Amount of Related
Guarantee provided guarantee occurring Actual amount Type of Complete
the Term party or
to and date of (signing date of of guarantee guarantee d or not
guarantee not
disclosure agreements
Chongqing Jianshe Apr 20,
2,800 Feb 09, 2012 2,800 1 year Yes No
Sales Co., Ltd. 2012
Chongqing Jianshe Apr 20,
2,400 May 3, 2012 2,400 Half a yr Yes No
Sales Co., Ltd. 2012
Chongqing Jianshe Apr 20,
3,600 May 16, 2012 3,600 Half a yr Yes No
Sales Co., Ltd. 2012
Chongqing Jianshe Apr 20,
5,000 June 13, 2012 5,000 Half a yr Yes No
Sales Co., Ltd. 2012
Chognqing Jianshe
Automobile Apr 20, October 18,
5,000 5,000 10 months Yes No
Air-conditioner Co., 2012 2011
Ltd.
Chognqing Jianshe
Automobile Apr 20, August 30,
3,850 3,850 Two years Yes No
Air-conditioner Co., 2012 2010
Ltd.
Chognqing Jianshe
Automobile Apr 20,
4,700 Dec 28 2009 4,700 Three years Yes No
Air-conditioner Co., 2012
Ltd.
Total of guarantee to
Total of guarantee to subsidiaries
38,500 subsidiaries actually occurred 34,400
approved in the report term (B1)
in the report term (B2)
Total of balance of guarantee
Total of guarantee to subsidiaries
actually provided to the
approved as of the report term 38,500 27,350
subsidiaries as of end of report
(B3)
term (B4)
Total of guarantee provided by the Company (i.e. total of the above two items)
Total of guarantee approved in the Total of guarantee occurred in
38,500 34,400
report term (A1+B1) the report term (A2+B2)
Total of guarantee approved as of Total of guarantee occurred as
38,500 27,350
end of report term (A3+B3) of the end of report term
Percentage of the total guarantee occurred (A4+B4) on net asset
108.21%
of the Company
8
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
In which:
Guarantees provided to the shareholders, substantial controllers
27,350
and the related parties (C)
Guarantee provided directly or indirectly to objects with over
27,350
70% of liability on asset ratio (D)
Amount of guarantee over 50% of the net asset (E) 14,712
Total of the above 3 * (C+D+E) 27,350
Statement on the possible joint liabilities on the guarantees not
due yet
Remarks on illegal providing of external guarantee
(III) Non-operational capital interchange with related parties
[] Applicable; [V] Not applicable
(IV) Material lawsuit or arbitration
[V] Applicable [] Not applicable
1. No new major lawsuit or arbitration issues happened in the report term.
2. Unsettled material lawsuit or arbitration in the report period.
(1) On January 5, 2009, Chongqing Northern Jianshe Import & Export Co., Ltd. appealed to Chongqing
Jiulongpo People’s Court against Chongqing Huiyao Motorcycle Co., Ltd. for returning of trade account of
RMB3.3 million, and L/C credit interest of RMB75 thousand, and relative interest losses (basing on RMB3.375
million, at the bank loan interest rate at the same period since August 16, 2007 till the account was cleared). On
May 20, 2009, the court opened trial on this case and judged in favor of the Import & Export Co. The defender
appealed to No.5 Middle Court but rejected for it has failed to pay the appeal fee. This case is now in execution
period
The Company sued to Chongqing Bannan District Court on July 20, 2011 claiming for dismissing of the
Work Contract and Technical Contract with Ningbo Huiwang Machinery Co., Ltd. and the trade payment of
RMB680 thousand and interests (at same interest rate of the bank since July 1, 2007 up to the date of clearing),
and property preservation. The trial was opened on November 15, 2011, the above contracts were judged to be
dismissed on August 5, 2011, and the payment RMB680 thousand and related losses will be paid to the Company.
Ningbo Huiwang Machinery Co., Ltd. lodged appeal to the No.5 Middle court of Chongqing. An settlement
agreement has been engaged between the parties. According to the agreement, the Company will accept and
examine the goods sent by Ningbo Huiwang in one month. The balance of RMB70 thousand will be paid and the
property preservation will be retrieved upon passing of examination. At present the goods have been delivered by
Ningbo Huiwang.
3. Major lawsuit and arbitrative issues closed in the report term.
(2) Jiang Fuqiang and Chongqing Qianhua Machinery Co., Ltd. sued to the 1st middle court of Chongqing on
December 17, 2009 claiming for recognition of motorcycle cargo trestle manufactured and sold by Congqing
Jianshe Sales Co., Ltd. and Chongqing Feida Surface Processing Center Ltd. to be one of the protected patents of
the claimer. They claimed to stop manufacturing and sales of the subject and RMB500 thousand of compensation,
and the lawsuit fees. During the trial period, Chongqing Feida Surface Processing Center Ltd. claimed for invalid
patent to the Reviewing Committee of National Committee of Patents. Therefore the 1st Middle Court of
Chongqing suspended the trial. Jiang Fuqiang and Chongqing Qianhua Machinery Co., Ltd. retrieved the claiming
on March 2, 2012.
(2) Chongqing Northern Jianshe Import and Export Co., Ltd. sued to Chongqing No.5 Middle Court in September
2010, claiming for USD1.390472 million of trade account and interests from Weiran Motorcycle (Nigeria) Co.,
Ltd. The Court has accepted the application on October 19, 2010. Serving of court notice will be through
diplomatic channel for it involves in international lawsuit. The claiming of Chongqing Northern Jianshe Import &
Export Co., Ltd. was rejected by the Court on May 16, 2012.
9
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
(V) Influence and resolutions of other material events
[] Applicable; [V] Not applicable
1. Securities investment
[] Applicable; [V] Not applicable
Statement on securities investment
2. Holding of other PLC’s shares
[] Applicable; [V] Not applicable
Statement on holding of other PLC’s shares.
3. Capital appropriation and progress of settlement in report period
[] Applicable; [V] Not applicable
The penalty plan proposed by the Board if the clearing of non-operational capital appropriation is not completed till the end of report
period.
[] Applicable; [V] Not applicable
4 Fulfilling of commitment issues
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; [V] Not applicable
5. Dividend or common reserve capitalizing plan proposed by the Board
[] Applicable; [V] Not applicable
6. Other misc income accounts
In RMB Yuan
Items Occurred current term Occurred in previous term
1. Amount of gain (loss) from sellable financial assets
Less: Income tax influence of available-for-sale financial assets
Net amount written into other gains and transferred into gain/loss in
previous terms
Sub-total
2. Share in other misc. income of the invested company on equity basis
Less: Income tax influence of shares in other gains of investees on
equity basis
Net amount written into other gains and transferred into gain/loss in
previous terms
Sub-total
3. Amount of gain (loss) from cash flow hedging instruments
Less: Income tax influence of cash flow hedge instruments
Net amount written into other gains and transferred into gain/loss in
previous terms
Adjusted amount transferred to initial amount of the target project
10
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Sub-total
4. Difference in translating of foreign currency accounts
Less: Net amount of disposing overseas business and transferred to
current gain/loss
Sub-total
5. Others
Less: Income tax influence by other accounted into other misc.
incomes
Net amount accounted into other misc. income and transferred into
current gain/loss in previous terms
Sub-total
Total
(VI) Reception of visiting, investigating, and communicating requests in the report term were
as the followings
Main content involved
Time/date Place Way Type of visitors Visitors
and material provided
VII. Financial Report
(I) Auditors’ opinions
If the Interim Report is audited
[] Yes [V] No
(II) Financial Statements
Consolidated or not
[V] Yes [] No
1. Consolidated Balance Sheet
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB
Items Note Closing balance Openning balance
Current asset:
Monetary capital 424,021,851.27 190,637,204.06
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 74,955,765.27 255,630,070.43
Account receivable 245,327,869.5 164,211,795.84
Prepayment 133,688,078.7 84,180,707.6
Insurance receivable
Reinsurance receivable
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Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Provisions of Reinsurance
contracts receivable
Interest receivable
Dividend receivable
Other account receivable 20,982,177.64 20,812,821.83
Repurchasing of financial
assets
Inventories 331,879,039.56 327,646,526.59
Non-current asset due in 1 year
Other current asset
Total of current asset 1,230,854,781.94 1,043,119,126.35
Non-current assets
Disburse of consigned loans
Available-for-sale financial
asset
Expired investment in possess
Long-term receivable
Long-term share equity
665,102,655.51 661,109,026.54
investment
Investment real estates
Fixed assets 786,778,994.73 815,167,792.4
Construction in process 2,981,816.97 637,819.15
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 110,056,439.74 114,167,766.09
R&D expense 45,218,941.4 40,642,012.19
Goodwill
Long-term amortizable
10,841,938.77 11,958,171.84
expenses
Differed income tax asset 3,695,408.84 3,695,408.84
Other non-current asset 1,020,000 1,224,000
Total of non-current assets 1,625,696,195.96 1,648,601,997.05
Total of assets 2,856,550,977.9 2,691,721,123.4
Current liabilities
Short-term loans 797,762,191.98 886,432,513.1
Loan from Central Bank
Deposit received and hold for
others
Call loan received
Trade off financial liabilities
Notes payable 585,306,600 182,052,500
Account payable 444,306,292.13 493,041,465.91
Prepayment received 57,161,800.61 90,848,770.88
Selling of repurchased
financial assets
Fees and commissions
receivable
12
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Employees’ wage payable 417,466.62 1,295,690.87
Tax payable 120,341,858.64 122,045,251.33
Interest payable
Dividend payable
Other account payable 34,974,220.95 44,989,142.9
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1
273,400,000 115,400,000
year
Other current liability
Total of current liability 2,313,670,430.93 1,936,105,334.99
Non-current liabilities
Long-term borrowings 287,000,000 466,700,000
Bond payable
Long-term payable
Special payable 738,000 738,000
Anticipated liabilities
Differed income tax liability
Other non-recurring liabilities
Total of non-current liabilities 287,738,000 467,438,000
Total of liability 2,601,408,430.93 2,403,543,334.99
Owners’ equity (or
shareholders’ equity)
Capital paid in (or share
477,500,000 477,500,000
capital)
Capital reserves 603,180,517.59 603,180,517.59
Less: Shares in stock
Special reserves
Surplus reserves 125,686,000 125,686,000
Common risk provision
Retained profit -953,608,077.73 -919,900,424.03
Different of foreign currency
translation
Total of owner’s equity belong to
252,758,439.86 286,466,093.56
the parent company
Minor shareholders’ equity 2,384,107.11 1,711,694.85
Total of owners’ equity (or
255,142,546.97 288,177,788.41
shareholders’ equity)
Total of liability and shareholders’
2,856,550,977.9 2,691,721,123.4
equity (or owners’ equity)
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
2. Balance Sheet of the Parent Company
In RMB
Items Note Closing balance Openning balance
13
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Current asset:
Monetary capital 202,432,397.34 95,112,079.64
Transactional financial assets
Notes receivable 15,609,165.27 91,147,805.32
Account receivable 26,366,449.14 25,519,400.79
Prepayment 39,704,834.45 32,008,622.36
Interest receivable
Dividend receivable
Other account receivable 157,455,289.67 210,618,877.52
Inventories 75,685,410.23 68,804,889.8
Non-current asset due in 1 year
Other current asset
Total of current asset 517,253,546.1 523,211,675.43
Non-current assets
Available-for-sale financial
asset
Expired investment in possess
Long-term receivable
Long-term share equity
813,897,611.81 810,107,982.84
investment
Investment real estates
Fixed assets 597,987,146.68 618,928,862.75
Construction in process 2,460,467.97 530,820.15
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 88,099,250.3 91,938,540.79
R&D expense 45,218,941.4 40,642,012.19
Goodwill
Long-term amortizable
2,654,506.77 3,079,034.88
expenses
Differed income tax asset
Other non-current asset
Total of non-current assets 1,550,317,924.93 1,565,227,253.6
Total of assets 2,067,571,471.03 2,088,438,929.03
Current liabilities
Short-term loans 538,500,000 695,720,000
Trade off financial liabilities
Notes payable 247,850,000
Account payable 401,934,902.35 451,497,827.87
Prepayment received 4,798,082.25 13,682,056.79
Employees’ wage payable 267,455.17 738,942.92
Tax payable 118,535,257.1 128,821,934.36
Interest payable
Dividend payable
Other account payable 81,969,425.02 76,348,143.67
14
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Non-current liability due in 1
185,500,000 17,000,000
year
Other current liability
Total of current liability 1,579,355,121.89 1,383,808,905.61
Non-current liabilities
Long-term borrowings 93,000,000 271,500,000
Bond payable
Long-term payable
Special payable 738,000 738,000
Anticipated liabilities
Differed income tax liability
Other non-recurring liabilities
Total of non-current liabilities 93,738,000 272,238,000
Total of liability 1,673,093,121.89 1,656,046,905.61
Owners’ equity (or
shareholders’ equity)
Capital paid in (or share
477,500,000 477,500,000
capital)
Capital reserves 601,240,294.29 601,240,294.29
Less: Shares in stock
Special reserves
Surplus reserves 125,686,000 125,686,000
Retained profit -809,947,945.15 -772,034,270.87
Different of foreign currency
translation
Total of owners’ equity (or
394,478,349.14 432,392,023.42
shareholders’ equity)
Total of liability and
shareholders’ equity (or owners’ 2,067,571,471.03 2,088,438,929.03
equity)
3. Consolidated Income Statement
In RMB
Items Note Amount of the Current Term Amount of the Previous Term
I. Total revenue 968,858,593.63 1,371,442,562.5
Incl. Business income 968,858,593.63 1,371,442,562.5
Interest income
Insurance fee earned
Fee and commission
received
II. Total business cost 1,021,906,634.08 1,396,576,936.65
Incl. Business cost 814,535,168.88 1,187,779,750.98
Interest expense
Fee and commission
paid
Insurance discharge
payment
Net claim amount paid
Net insurance policy
15
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
reserves provided
Insurance policy
dividend paid
Reinsurance expenses
Business tax and
11,529,258.24 18,305,481.31
surcharge
Sales expense 61,805,964.91 73,664,530.5
Administrative expense 70,934,694.54 77,855,241.42
Financial expenses 58,650,249.34 35,548,776.33
Asset impairment loss 4,451,298.17 3,423,156.11
Plus: gains from change of fair
value (“-“ for loss)
Investment gains
19,789,628.97 24,048,088.9
(“-“ for loss)
Incl. Investment gains
20,293,033.8 24,551,493.73
from affiliates
Exchange gains (“-“ for
loss)
III. Operational profit (“-“ for loss) -33,258,411.48 -1,086,285.25
Plus: non-operational income 380,369.83 1,627,284.19
Less: non-operational
157,199.79 500,520.28
expenditure
Incl. Loss from disposal
73,623.94 34,263.43
of non-current assets
IV. Gross profit (“-“ for loss) -33,035,241.44 40,478.66
Less: Income tax expenses -760,147.53
V. Net profit (“-“ for net loss) -33,035,241.44 800,626.19
Including: Net profit realized
by the entity taken over before the
takover
Net profit attributable to the
-33,707,653.7 1,364,363.06
owners of parent company
Minor shareholders’ equity 672,412.26 -563,736.87
VI. Earnings per share: -- --
(I) Basic earnings per share -0.0706 0.0029
(II) Diluted earnings per share -0.0706 0.0029
VII. Other misc. incomes
VIII. Total of misc. incomes
Total of misc. incomes
attributable to the owners of the -33,707,653.7 1,364,363.06
parent company
Total misc gains attributable to
672,412.26 -563,736.87
the minor shareholders
If there are entities merged under common control, their net profit realized before th merger were totaled to RMB.
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
4. Income Statement of the Parent Co.
In RMB
Items Note Amount of the Current Term Amount of the Previous Term
I. Turnover 984,607,056.86 869,013,591.47
16
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Less: Operation cost 930,917,606.93 786,669,103.83
Business tax and
9,970,504.17 16,158,602.42
surcharge
Sales expense 10,544,518.21 14,753,048.4
Administrative expense 53,528,756.14 38,914,464.32
Financial expenses 36,996,624.26 26,163,060.43
Asset impairment loss 558,876.57 1,100,437.19
Plus: gains from change of fair
value (“-“ for loss)
Investment gains (“-“ for
19,789,628.97 24,048,088.9
loss)
Incl. Investment gains
20,293,033.8 24,551,493.73
from affiliates
II. Operational profit (“-“ for loss) -38,120,200.45 9,302,963.78
Plus: Non business income 219,216.35 1,375,977.59
Less: Non-business expenses 12,690.18 153,315.43
Incl. Loss from disposal
8,938.4
of non-current assets
III. Total profit (“-“ for loss) -37,913,674.28 10,525,625.94
Less: Income tax expenses -165,065.58
IV. Net profit (“-“ for net loss) -37,913,674.28 10,690,691.52
V. Earnings per share -- --
(I) Basic earnings per share -0.08 0.02
(II) Diluted earnings per share -0.08 0.02
VI. Other misc gains
VII. Total of integrated income -37,913,674.28 10,690,691.52
5. Consolidated Cash Flow Statement
In RMB
Items Amount of the Current Term Amount of the Previous Term
I. Net cash flow from business
operation
Cash received from sales of
584,202,387.98 1,004,125,594.48
products and providing of 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
17
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Tax returned 6,546,244.41 11,118,487.53
Other cash received from business
5,143,315.69 7,650,196.61
operation
Sub-total of cash inflow from business
595,891,948.08 1,022,894,278.62
activities
Cash paid for purchasing of
463,639,185.92 855,773,303.08
merchandise and services
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
102,231,217.82 101,859,179.83
staffs
Taxes paid 28,642,320.15 45,547,207.49
Other cash paid for business
42,427,738.45 51,582,896.87
activities
Sub-total of cash outflow from business
636,940,462.34 1,054,762,587.27
activities
Cash flow generated by business
-41,048,514.26 -31,868,308.65
operation, net
II. Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment profit 16,000,000 11,000,000
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 3,721.35 14,869.04
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
8,035,069.11 1,258,801.19
received
Sub-total of cash inflow due to
24,038,790.46 12,273,670.23
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 34,134,994.9 14,932,612.53
long-term assets
Cash paid as investment 10,000,000
Net increase of loan against pledge
Net cash received from
subsidiaries and other operational units
Other cash paid for investment
20,855,546.38
activities
Sub-total of cash outflow due to
34,134,994.9 45,788,158.91
investment activities
Net cash flow generated by investment -10,096,204.44 -33,514,488.68
18
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment
from minor shareholders
Cash received as loans 748,024,001.92 1,030,720,000
Cash received from bond placing
Other financing-related cash
367,350,408.84 795,533,127.24
received
Subtotal of cash inflow from financing
1,115,374,410.76 1,826,253,127.24
activities
Cash to repay debts 864,774,861.5 308,450,000
Cash paid as dividend, profit, or
54,948,383.96 184,108,283.25
interests
Incl. Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing
160,919,769.62 1,316,018,251.24
activities
Subtotal of cash outflow due to
1,080,643,015.08 1,808,576,534.49
financing activities
Net cash flow generated by financing 34,731,395.68 17,676,592.75
IV. Influence of exchange rate
187,514.56 -753,290.07
alternation on cash and cash equivalents
V. Net increase of cash and cash
-16,225,808.46 -48,459,494.65
equivalents
Plus: Balance of cash and cash
161,078,406.88 248,884,345.21
equivalents at the beginning of term
VI. Balance of cash and cash
144,852,598.42 200,424,850.56
equivalents at the end of term
6. Cash Flow Statement of the Parent Co.
In RMB
Items Amount of the Current Term Amount of the Previous Term
I. Net cash flow from business
operation
Cash received from sales of
498,515,072.48 662,647,162.18
products and providing of services
Tax returned 3,518,656.47 6,176,961.92
Other cash received from business
1,590,221.08 2,380,454.13
operation
Sub-total of cash inflow from business
503,623,950.03 671,204,578.23
activities
Cash paid for purchasing of
426,118,461.86 661,091,330.53
merchandise and services
Cash paid to staffs or paid for
78,878,864.63 79,187,793.49
staffs
Taxes paid 15,462,766.01 20,047,186.05
Other cash paid for business
10,880,852.43 19,731,587.19
activities
Sub-total of cash outflow from business
531,340,944.93 780,057,897.26
activities
Cash flow generated by business
-27,716,994.9 -108,853,319.03
operation, net
19
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
II. Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment profit 16,000,000 11,000,000
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 6,410.26
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash
8,005,552.48 457,995.75
received
Sub-total of cash inflow due to
24,005,552.48 11,464,406.01
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 32,739,135.67 11,489,095.82
long-term assets
Cash paid as investment 10,000,000
Net cash received from
subsidiaries and other operational units
Other cash paid for investment
20,128,000
activities
Sub-total of cash outflow due to
32,739,135.67 41,617,095.82
investment activities
Net cash flow generated by investment -8,733,583.19 -30,152,689.81
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 568,500,000 898,220,000
Other financing-related cash
1,236,001,035.11 1,802,966,824.12
received
Subtotal of cash inflow from financing
1,804,501,035.11 2,701,186,824.12
activities
Cash to repay debts 741,500,795.56 308,450,000
Cash paid as dividend, profit, or
31,425,641.98 174,016,143.41
interests
Other cash paid for financing
972,904,136.98 2,089,783,422.9
activities
Subtotal of cash outflow due to
1,745,830,574.52 2,572,249,566.31
financing activities
Net cash flow generated by financing 58,670,460.59 128,937,257.81
IV. Influence of exchange rate
424.99 -585,600.54
alternation on cash and cash equivalents
V. Net increase of cash and cash
22,220,307.49 -10,654,351.57
equivalents
Plus: Balance of cash and cash
92,026,931.24 166,262,402.29
equivalents at the beginning of term
VI. Balance of cash and cash
114,247,238.73 155,608,050.72
equivalents at the end of term
7. Statement of Change in Owners’ Equity (Consolidated)
Amount of the Current Term
In RMB
Items Amount of the Current Term
20
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Owners’ Equity Attributable to the Parent Company
Capital Minor
Commo Total of
paid in Less: sharehold
Capital Special Surplus n risk Retaine owners’
(or Shares Others ers’
reserves reserves reserves provisio d profit equity
share in stock equity
n
capital)
I. Balance at the end of last 477,500 603,180, 125,686 -919,90 1,711,694. 288,177,78
year ,000 517.59 ,000 0,424.03 85 8.41
Plus: Change of
accounting policy
Correcting of
previous errors
Others
II. Balance at the beginning of 477,500 603,180, 125,686 -919,90 1,711,694. 288,177,78
current year ,000 517.59 ,000 0,424.03 85 8.41
III. Amount of change in -33,707, 672,412.2 -33,035,24
current term (“-“ for decrease) 653.7 6 1.44
-33,707, 672,412.2 -33,035,24
(I) Net profit
653.7 6 1.44
(II) Other misc. income
-33,707, 672,412.2 -33,035,24
Total of (I) and (II)
653.7 6 1.44
(III) Investment or decreasing
of capital by owners
1. Capital inputted by owners
2. Amount of shares paid and
accounted as owners’ equity
3. Others
(IV) Profit allotment
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3. Making up losses by surplus
reserves
4. Others
(VI) Special reserves
1. Provided this year
2. Used this term
(VII) Others
IV. Balance at the end of this 477,500 603,180, 125,686 -953,60 2,384,107 255,142,54
term ,000 517.59 ,000 8,077.73 .11 6.97
Amount of Last Year
In RMB
Items Amount of Last Year
21
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Owners’ Equity Attributable to the Parent Company
Capital Minor
Commo Total of
paid in Less: sharehold
Capital Special Surplus n risk Retaine owners’
(or Shares Others ers’
reserves reserves reserves provisio d profit equity
share in stock equity
n
capital)
I. Balance at the end of last 477,500 603,180, 125,686 -731,45 2,439,932 477,348,51
year ,000 517.59 ,000 7,938.07 .61 2.13
Plus: Retrospective
adjustment caused by merger of
entities under common control
Plus: Change of
accounting policy
Correcting of
previous errors
Others
II. Balance at the beginning of 477,500 603,180, 125,686 -731,45 2,439,932 477,348,51
current year ,000 517.59 ,000 7,938.07 .61 2.13
III. Amount of change in 1,364,36 -563,736.
800,626.19
current term (“-“ for decrease) 3.06 87
1,364,36 -563,736.
(I) Net profit 800,626.19
3.06 87
(II) Other misc. income
1,364,36 -563,736.
Total of (I) and (II) 800,626.19
3.06 87
(III) Investment or decreasing
of capital by owners
1. Capital inputted by owners
2. Amount of shares paid and
accounted as owners’ equity
3. Others
(IV) Profit allotment
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3. Making up losses by surplus
reserves
4. Others
(VI) Special reserves
1. Provided this year
2. Used this term
(VII) Others
IV. Balance at the end of this 477,500 603,180, 125,686 -919,90 1,711,694. 288,177,78
term ,000 517.59 ,000 0,424.03 85 8.41
22
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
8. Statement of Change in Owners’ Equity (Parent Co.)
Amount of the Current Term
In RMB
Amount of the Current Term
Capital
Items Less: Common Total of
paid in (or Capital Special Surplus Retained
Shares in risk owners’
share reserves reserves reserves profit
stock provision equity
capital)
477,500,00 601,240,29 125,686,00 -605,391,4 599,034,84
I. Balance at the end of last year
0 4.29 0 45.5 8.79
Plus: Change of accounting
policy
Correcting of previous
errors
Others
II. Balance at the beginning of 477,500,00 601,240,29 125,686,00 -772,034,2 432,392,02
current year 0 4.29 0 70.87 3.42
III. Amount of change in current -37,913,67 -37,913,67
term (“-“ for decrease) 4.28 4.28
-37,913,67 -37,913,67
(I) Net profit
4.28 4.28
(II) Other misc. income
-37,913,67 -37,913,67
Total of (I) and (II)
4.28 4.28
(III) Investment or decreasing of
capital by owners
1. Capital inputted by owners
2. Amount of shares paid and
accounted as owners’ equity
3. Others
(IV) Profit allotment
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital reserves
(or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3. Making up losses by surplus
reserves
4. Others
(VI) Special reserves
1. Provided this year
2. Used this term
(VII) Others
IV. Balance at the end of this 477,500,00 601,240,29 125,686,00 -809,947,9 394,478,34
term 0 4.29 0 45.15 9.14
23
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
Amount of Last Year
In RMB
Amount of Last Year
Capital Total of
Items Less: Common
paid in (or Capital Special Surplus Retained
Shares in risk owners’
share reserves reserves reserves profit
stock provision equity
capital)
477,500,00 601,240,29 125,686,00 -616,082,1 588,344,15
I. Balance at the end of last year
0 4.29 0 37.02 7.27
Plus: Change of accounting
policy
Correcting of previous
errors
Others
II. Balance at the beginning of 477,500,00 601,240,29 125,686,00 -616,082,1 588,344,15
current year 0 4.29 0 37.02 7.27
III. Amount of change in current 10,690,691 10,690,691
term (“-“ for decrease) .52 .52
10,690,691 10,690,691
(I) Net profit
.52 .52
(II) Other misc. income
10,690,691 10,690,691
Total of (I) and (II)
.52 .52
(III) Investment or decreasing of
capital by owners
1. Capital inputted by owners
2. Amount of shares paid and
accounted as owners’ equity
3. Others
(IV) Profit allotment
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or
shareholders)
4. Others
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital reserves
(or to capital shares)
2. Capitalizing of surplus
reserves (or to capital shares)
3. Making up losses by surplus
reserves
4. Others
(VI) Special reserves
1. Provided this year
2. Used this term
(VII) Others
IV. Balance at the end of this 477,500,00 601,240,29 125,686,00 -605,391,4 599,034,84
term 0 4.29 0 45.5 8.79
24
Chongqing Jianshe Motorcycle Co., Ltd. Interim Report 2012 Summary
(III) Notes to the financial statements
1. Influences of changes in material accounting policies, accounting estimations, or correction of material
accounting error
(1) Change of accounting policies
Is there any change in accounting policies in the report period
[] Yes [V] No
(2) Change of accounting estimations
Is there any change in accounting estimations in the report period
[] Yes [V] No
(3) Correcting of accounting errors
Is there any accounting error with previous period found in the report period
[] Yes [V] No
2. Statement on change of consolidation range
3. If the certified public accounts has issued a non-standard auditor’s report, list the relevant notes to the
issues involved in the report.
25
