Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Stock Code: 200054 Stock ID: Jianmo B Announcement No. 2012-040
Interim Report 2012
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
Name Position Reason for unable to guarantee for the 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.
Glossary
Terms Defined as Description
Defined as
II. Company Profile
(I) Company profiles
Code of A-stock Code of B-stock 200054
ID of A-stock ID of B-stock Jianmo B
Stock Exchange Shenzhen Stock Exchange
Legal company name 重庆建设摩托车股份有限公司
Legal abbreviation Jianshe Motorcycle
Legal company name in English CHONGQING JIANSHE MOTORCYCLE CO.,LTD.
Legal aggreviation in English JSMC-B
Legal representative Li Huaguang
Reg. Add. No.1 Jianshe Road, Huaxi Industrial Zone, Banan District, Chongqing
Post Code 400054
Office address No.1 Jianshe Road, Huaxi Industrial Zone, Banan District, Chongqing
Post Code: 400054
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Website cqjsmc@jianshe.com.cn
Email. cqjsmc@jianshe.com.cn
(II) Contacts and liaisons
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
Banan District, Chongqing Banan District, Chongqing
Tel. (023)66295333 (023)66295333
Fax. (023)66295333 (023)66295333
Email. cqjsmc@jianshe.com.cn cqjsmc@jianshe.com.cn
(III) Information disclosure and inquiring
Press medias of information disclosure Securities Times, Hong Kong Commercial Daily
Website assigned by CSRC to release the
http://www.cninfo.com.cn
online reports
Place for information inquiry Secretary office of the Board
III. Financial Highlights
(I) Main accounting data and indices
If retrospective adjustment has been carried out on financial reports of previous periods
[] Yes [V] No
Primary accounting data
Increase/decrease over
Primary accounting data 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)
Net Cash flow generated by business
-41,048,514.26 -31,868,308.65 -28.81%
operation (RMB)
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%
Major accounting indicies
Increase/decrease over
Major accounting indicies Report term (Jan-Jun) Same period last year
same period of last year(%)
Basic earnings per share (Yuan/share) -0.0706 0.0029 -2534.48%
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Diluted earnings per share (Yuan/share) -0.0706 0.0029 -2534.48%
Basic earnings per share less non-recurring
-0.0706 0.0005 0%
gain/loss (Yuan/share)
Fully diluted net
income/asset ratio -13.34% 0.29% -13.63%
(%)
Weighted average net
-12.5% 0.29% -12.79%
income/asset ratio (%)
Fully diluted net income/asset ratio less
-13.42% -11.84% -1.58%
non-recurring gain/loss (%)
Weighted average net
income/asset ratio less non-recurring -12.59% 0.05% -12.64%
gain/loss(%)
Net Cash flow per share generated by
-0.09 -0.07 -28.57%
business operation (yuan/share)
Ended this report term Ended previous year Changed by (%)
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%
Statement on the accounting data and financial indicies at end of report term. (Please state if retrospective adjustment was made.)
(II) Differences in accounting data under domestic and international accounting standards
1. 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 according to international accounting standard
Under International
Accounting Standard
2. Differences in net profit and net asset under domestic and overseas accounting standards
[V] Applicable [] Not applicable
In RMB Yuan
Net profit attributable to the shareholders of the listed Owners’ equity to shareholders of the 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 according to overseas accounting standard
On IAS
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
3. Details of items with major differences
Rules of international
accounting standard or overseas
Items with major differences Amount (RMB) Cause of difference
accounting standard involved
with
4. Statement on accounting differences under domestic and overseas accounting standards
(III) Non-recurring items deducted and amounts
[V] Applicable [] Not applicable
Items Amount (Yuan) Remarks
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
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
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
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 --
Statement of the Company on “Other gain/loss items satisfying the definitions of non-recurring gain/loss accounts” and the
non-recurring items defined as recurring items according to the nature and characteristics of the businesses.
Items Amount involved (RMB) Remarks
Penalty income 258,169.83
Loss from disposal of current
79,714.2
assets
Overdue tax penalty 3,861.65
IV. Changes in Share Capital and Shareholders
(I) Movement of Capital Share
1. Statement of Changes in Shares
[] Applicable; [V] Not applicable
2. Change of Restricted Shares
[] Applicable; [V] Not applicable
(II) Share issuing and listing
1. Share issuing in latest three years
[] Applicable; [V] Not applicable
2. Change of asset and liability structure caused by change of total capital shares and structure
[] Applicable; [V] Not applicable
3. Current employees’ shares
[] Applicable; [V] Not applicable
(III) Shareholders and the substaintial controller of the Company
1. Total of shareholders at the end of report term.
Number of shareholding accounts at the end of report term was 15,380.
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
2. The Top Ten Shareholders
[V] Applicable [] Not applicable
Top Ten Shareholders
Share Frozen or pledged
Properties of Non-negotiable
Full name of shareholder proportion Total shares Status of
shareholder shares held Amount
% shares
China Southern Industry Group State-owned Pledge 0
71.13% 339,625,000 339,625,000
Co., Ltd. shares Restricted 0
Pledge 0
Gu Zuocheng Others 1.86% 8,875,000 8,875,000
Restricted 0
Anhui Hengsheng Economic Public legal Pledge 0
1.47% 7,000,000 7,000,000
Development Group Co., Ltd. person shares Restricted 0
Pledge 0
Feng Yonghui Others 0.42% 2,000,000 2,000,000
Restricted 0
Shanghai Hong Kong Wanguo Foreign Pledge 0
0.27% 1,271,001 0
Securities shares Restricted 0
Foreign Pledge 0
Wang Chuxin 0.22% 1,050,000 0
shares Restricted 0
Foreign Pledge 0
Chen Hanjie 0.12% 550,000 0
shares Restricted 0
Foreign Pledge 0
Huang Lianna 0.11% 539,800 0
shares Restricted 0
Foreign Pledge 0
Cai Yugui 0.11% 515,900 0
shares Restricted 0
Foreign Pledge 0
Peng Daqiang 0.1% 470,849 0
shares Restricted 0
Situations of the shareholders
Top Ten Shareholders of Negotiable Shares
[V] Applicable [] Not applicable
Negotiable shares held Categories and amounts of shares
Name of the shareholder at the end of report
term Categories Amount
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
Statement of relationships and (or) action-in-concert among above shareholders:
There isnt any associated relationship between the sponsoring shareholder and the other shareholders among the top-10 list. None of
them are regarded as Acting in concert in accordance with The rules of information disclosure on change of shareholding. Foreign
shareholders are unknown for their condition of Associated relationship and Acting in concert.
Strategic or common legal person become one of the top 10 shareholders due to rights issue.
[] Applicable; [V] Not applicable
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
3. Profile of the controlling shareholder
(1) Changing of controlling shareholder and practical controller of the Company
[] Applicable; [V] Not applicable
(2) Particulars about the holding shareholder and substaintial controller
Is there any new substaintial controller
[] Yes [V] No
Name of the substaintial controller State-owned Asset Supervisory & Administration Committee
Category of the controller State-owned Assets Supervision & Administration Commission
Particulars
(3) Chart of controlling relationships
National State-owned Asset
Administrative Committee
100%
China Southern Industry Co. Ltd.
71.13%
Chongqing Jianshe Motorcycle
Co., Ltd.
(4) Controlling over the Company by the substaintial controller through trust or other asset management
[] Applicable; [V] Not applicable
4. Other legal person shareholders with over 10% of total shares
[] Applicable; [V] Not applicable
(IV) Convertible bonds
[] Applicable; [V] Not applicable
V. Directors, Supervisors and Senior Executives
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(I) Change of shareholding by directors, supervisors, and executives
Take
Shares
Shares Shares Incl. Amount Share remuneration
holding at Shares held
increased decreased of shares options held Cause of from
Name Position Gender Age Job started Job ended the at the end of
this term this term under at the end of change shareholding
beginning of term
(shares) (shares) restriction term (shares) or related
term (shares)
parties
Total -- -- -- -- -- -- --
Motivational bonus shares granted to the directors, supervisors, and managements in the report term:
[] Applicable; [V] Not applicable
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(II) Situation of jobs
Jobs taken in shareholding parties
[V] Applicable [] Not applicable
Take remunerations
Name of the Job
Names Job taken Job started from the shareholding
shareholder ended
party
China Southern
Director, secretary of CCP of Chongqing Jul 01,
Li Huaguang Industry Group Co.,
Southern Motorcycle Co., Ltd. 2009
Ltd.
China Southern Accounting and Auditing Managerm, Chief
Nov 01,
Ni Erke Industry Group Co., Accountant, Director assigned to Chongqing
2010
Ltd. Nanfang Motorcycle Co., Ltd.
China Southern
Office Manager of Chongqing Nanfang January 1,
Tan Mingxian Industry Group Co.,
Motorcycle Co., Ltd. 2012
Ltd.
China Southern
Vice Manager of Accounting Dept. of February 1,
Liu Li Industry Group Co.,
Chongqing Nanfang Motorcycle Co., Ltd. 2011
Ltd.
Chongqing Tongkang
Hao Lin Chairman Jan 1, 2001
Technologies Co., Ltd.
Particulars
about jobs
taken
Jobs taken in other parties
[] Applicable; [V] Not applicable
(III) Annual Remunerations of the Directors, Supervisors and Senior Executives
Decision making
procedures for
Remuneration scheme for top executives was proposed by the Remuneration and Assessment
remunerations of the
Committee of the Board and approved by the Board and Shareholders Meeting.
Directors, Supervisors and
Senior Executives
The assessment of the senior executives of the Company is divided into daily assessment, quarterly
assessment and annual assessment. Daily assessment is conducted in the forms of interview and talk
Basis for remunerations of
mainly for supervising the daily work of senior executives. Quarterly assessment is mainly for
the Directors, Supervisors
appraising the status of quarterly fulfillment of the duties of senior executives. Annual performance
and Senior Executives
assessment is conducted according to the Company's regulations on the annual performance assessment
of senior executives. Their annual work performance is summarized according to the result of
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
assessment. The result of assessment will be timely feedback to senior executives so that they can
pertinently improve their work in the next year.
Actual payment to
directors, supervisors and Payment on monthly basis.
executives
(IV) Alternation of Directors, Supervisors, and Senior Executives
Name Jobs taken Changed Date of change Cause of change
Ni Erke Director Elected by the Shareholders Meeting 2011 May 25, 2012 Supplement
Supervisor,
Zha Chairman of
Elected by the Shareholders Meeting 2011 May 25, 2012 Supplement
Changli Supervisory
Committee
Tan
Supervisor Elected by the Shareholders Meeting 2011 May 25, 2012 Supplement
Mingxian
Liu Li Supervisor Elected by the Shareholders Meeting 2011 May 25, 2012 Supplement
Representative of Engaged at the 6th meeting of the 6th term of
Liu Hongyu April 17, 2012 Engaged
Stock Affairs Board
Supervisor,
Chen Chairman of
Resigned April 17, 2012 Retiring
Fengzhen Supervisory
Committee
Han Jinke Supervisor Resigned April 17, 2012 Change of job
Wu
Supervisor Resigned April 17, 2012 Change of job
Weigang
(V) The Employees
Number of employees in position 2,641
Retired employees on the Companys expense 3,902
Composition of professions
Categories of professions Number of persons
Production 1,372
Sales & Marketing 260
Technicians 486
Finance & Accounting 64
Executive 459
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Education background
Categories of education Number of persons
Masters degree 66
Bachelors degree 701
College diploma 665
High school and below 1,209
Particulars about the employees
VI. Board of Directors’ Report
(I) Business Analysis
In the first half of 2012, the whole motorcycle industry was in a declining trend and competition became more
severe. Sales of motorcycles in the period of Jan-Jun was 562 thousand, a decrease of 18.91% YoY, including 212
thousand sold by the headquarter, a decrease of 31.3%. According to the statistics provided by the Automobile
Association, the Company was at the 6th place in the whole motorcycle industry. As impacted by the adjustment
of automobile industry, the sales of automobile conditioner compressor was 661 thousand units, a decrease of
32.77%, it was at the third place in the auto air-conditioner compressor industry.
Whether the actual performance is exceeding or lower than the forcasting or business plan released previously by 20% or over.
[] Yes [V] No
Business performance of main subsidiaries or affiliates:
Name of companies Shares Registered Capital scale Major products or service Net profit
held capitalRM RMB0000 (RMB000
B0000 0)
Chongqing Jianshe Sales Co., Ltd. 100.00% 1,200 51,341 Sales of motorcycle and parts -1278
Chongqing Northern Jianshe Imp & 100.00% 6,038 18,577 International trading and agency of 24
Exp Co., Ltd. various merchandises and technologies
(other than those restricted by national
government)
Chognqing Jianshe Automobile 100.00% 16,000 61,367 Production, sales, and services of -692
Air-conditioner Compressor Co., Ltd. automobile air-conditioners and parts
Shanghai Jianshe Motorcycle Co., Ltd. 51.00% 1,600 2,647 Manufacturing and sales of 137
motorcycles, light motorcycles,
scooters.
Chongqing Jianshe YAMAHA 50.00% 37,993 112,895 Manufacturing and sales of 1,602
Motorcycle Co., Ltd. motorcycles and engine parts
Zhuzhou Jianshe YAMAHA 50.00% 49,786 70,154 Manufacturing and sales of 2,199
Motorcycle Co., Ltd. motorcycles and engine parts
Chongqing Pingshan Taikai 49.00% 15,876 17,749 Manufacturing and sales of 204
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Carburetor Co., Ltd. carburetors, general gas engines and
parts
Chongqing Tongsheng Jianshe 30.00% 1,000 4,328 Production and sales of motorcycle 3
Industry Co., Ltd. parts
All risky factors that could influence the realizing of development strategies and business targets:
Internal trades. Under the influence of the economic downturn, on the one hand the decrease of domestic demands for motors cycles
brought a substantially decline in the company sales, and so did the downturn of domestic auto industry do to the company
automobile air conditioning compressor sales.
Foreign trades. There was still a substantially fluctuation within the company overseas sales meanwhile the export scale of the
company was still not so big according to the sales style of normal state trade and the lack of self-dependent innovation. On the other
hand, the company export business has been affected seriously in automobile air conditioning compressors and motors because of
having to give in orders due to avoiding payment risk caused by Iranian nuclear crisis.
In the first half year, the company main business scale and the income from investment declined meanwhile the financial expense
rose thus the company has not succeeded in turning loss into gain although it has a good achievement in cost saving.
The company policy for the rest half year
In the rest of the year, the company will continuously strive to succeed in turning loss into gain to reach the budget target by
strengthen the market development, pushing forward new product searching and development, and strictly controlling the financial
expenses.
(1) Internal motor trades. Optimizing allocation of resources, raising marketing efficiency, insuring complement of sales targets. For
strengthening the sales target management, the company will formulate the sales targets for the agents and sales stations and will
strengthen the management. For pushing forward the adjustment in product structure, the company will promote the scale production
of its specialty products and optimize the product profit structure. The company decided to deeply carry on optimizing of marketing
channels, strengthening directly selling, promoting electronic commerce to form a diversified sales model and raise the company
competitiveness. The company will also continuously push forward sales terminal special offer vehicle to enhance special offer
vehicle network coverage to raise the companys competitiveness in price. The company will firmly improve to produce and put new
products into the market to make the new income source.
(2) Foreign motor trades. Focusing on the resources and the key markets and strengthening the efforts for foreign trades. The
company will expand its traditional markets in Nigeria and Brazil by the introduction of new products. The company will perform
targeted foreign trade product R&D to improve the product profitability and competitiveness. The company will make efforts in
marketing plan for key new products and perform exactly its business policy and technical service to ensure success in trial sales.
(3) Engines and components. Firstly the company will expand the striding type motorcycle product line and steadily push forward
Series 100 scooter engine production. Secondly the company will take Chongqing, Guangdong and Jiangshe as the centers to
improve the key customers and the key products development. Thirdly the company will strengthen the cooperation with Yamaha in
components production to ensure the income increasement of components sales.
(4) Motor product R&D. The company will accelerate the product R&D and optimize the product system to improve competitiveness.
One thing to be done is accelerate to put the projected products into the market. The second is to accelerate the fashion style motor
product R&D. The third is to bring in the lean design concept and use the DFC method to improve the design quality, cost and
profitability.
(5) Joint venture cooperation. The company will push forward the joint venture cooperation business and improve OEM product
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
variety and sales. The company will also enhance components supply for the cooperators to form some new income increasement
sources.
(6) Air conditioning compressors. The first is positively maintaining the existing markets and pushing forward the global purchasing
project with PSA Peugeot Citroen, France. The second is performing big customers policy to improve the timely delivery for orders
and the company reputation. The third is strengthening the sense of service to consolidate the company the core supplier position for
Changan and Changcheng. The fourth is seizing the situation in Iran to control the risk. The fifth is taking the opportunity of the
summer sales season to improve the market share.
(7) Cost advantage. The company will strengthen to control the cost of projects and key products production. In aspect of
self-manufacturing the company will determine the staff structure according to the production output strictly and adjust the
production shift reasonably. The company will also control the auxiliary consumptions, special costs and energy costs. The company
will exactly strengthen the target cost responsibility system and performance assessment.
(8) Improving management. Taking the company movement of raising management level as an opportunity, the company will
continuously benchmarking advanced enterprises such as Yamaha to improve its management.
1. Main business and operation
(1) Statement of main businesse segments on industries and products
In RMB Yuan
Increase/decrease Increase/decrease
Increase/decrease
of operation cost of gross profit
On industry or Gross profit of turnover over
Turnover Operation cost over the same ratio over the
product ratio % the same period
period of last year same period of
of last year (%)
(%) last year (%)
On Industries
Industry 899,950,333.01 765,044,914.66 14.99% -33.67% -35.16% 15.03%
On Products
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 main businesse segments on industries and products
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.
(2) Business segments on territories
In RMB Yuan
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
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%
Statement of business segments on territories
Statement on main business composition.
(3) Major change in the primary business or its structure
[] Applicable; [V] Not applicable
(4) Statement on major change in primary business profitability (gross profit ratio)
[] Applicable [V] Not applicable
(5) Analyze of major change in profit composition
[] Applicable; [V] Not applicable
2. Internal controlling system related to accounting of fair value
[] Applicable; [V] Not applicable
3. Holding of financial assets and liabilities in foreign currency
[] Applicable; [V] Not applicable
(II) Company investment
1. Overall application of finance raised
[] Applicable; [V] Not applicable
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
2. Situations of projects to be financed by the proceeds
[] Applicable; [V] Not applicable
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
3. Altering of projects financed by proceeds
[] Applicable; [V] Not applicable
4. Major projects invested by non-financing capital
[V] Applicable [] Not applicable
In RMB10 thousand
Date of
Amount of the
Projects primary Investment progress of the project Turnover of the project
project
disclosure
As of end of the period, bidding
invitation for equipment and
Technical reforming project of April 22, 2011
15,410 facilities and engaging of contracts
turbine compressor production
have been finished, amounted to
some RMB92.925 million.
Total 15,410 -- --
Statement on major investment projects financed by non-financing capital
Along with the development of automobile industry, the market for air-conditioner compressor is expanding continuously. The
Company has decided to use the preserved land to launch the Technical Reforming Project of Turbine Compressor Production. The
project is scheduled for RMB154.10 million of investment.
(III) Revising of business plan of the second half of year by the Board
[] Applicable; [V] Not applicable
(IV) Prediction of business performance for 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
(V) Statement of the Board on the “non-standard auditors’ report” issued by the CPA on the
current report period
[] Applicable; [V] Not applicable
(VI) Statement of the Board on the variation and treatment of events that involved in the
“non-standard auditors’ report” issued by the CPA on previous fiscal year
[] Applicable; [V] Not applicable
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(VII) Results of disccusion by the Board on the causation and impact of change in accounting
policies and estimations or correction of material accounting errors
[] Applicable; [V] Not applicable
(VIII) Making and implementation of cash dividend policies
1. According to the document (证监发【2012】第 37 号) issued by the CSRC on cash dividend policies of public limited companies,
the Company held the 6th meeting of the 7th term of Board on July 26, 2012, on which the Articles of Association was revised
regarding the way and terms of cash dividend, the principles of usage of retained profit. The resolutions are subject to the approval of
the 1st provisional shareholders meeting which will be held on August 30, 2012.
2. The Board of Directors produces the profit distribution proposal of 2011 and complying with the Articles of Association.
Independent directors provide affirmative opinions on the proposal. The dividend proposal is disclosed through statutory media and
executed upon approval of the Shareholders Meeting. The Company provided onsite voting and online voting system for the
Shareholders Meeting 2011 for the convenient of shareholders.
Upon revising of the Articles of Association regarding dividend policies, the Board will use various channels, including telephone,
fax, mail, Email, and online interchange platform, to communicate with the independent directors and mid-small shareholders.
Basing upon the new enterprise accounting standard, the net profit attributable to the shareholders in 2011 was RMB-188.45 million,
with retained profit of RMB-919.90 million. Neither dividend distribution nor capitalizing of common reserves would be
implemented for year 2011. Therefore there was no situation with the Company that the retained profit was a positive figure but no
dividend was distributed.
(IX) Profit distribution or capitalizing of common reserves
[] Applicable; [V] Not applicable
(X) Situation of positive retained profit at end of 2011 but no cash dividend was proposed
[] Applicable; [V] Not applicable
(XI) Establishing and performing of information insider administration scheme
The Company has been following the “Regulations on Establishing of Information Insider Registration System in PLCs” issued by
CSRC. The Information Insider Registration Rules, which was produced on November 25, 2011 and adopted at the 4th meeting of
the 6th term of Board, has been executed by the Company.
All inside information including the business performance report of 2011 was recorded one after another. This has been reflecting all
of the related issues about the reporting, transmitting, preparing, and decision procedures of the information before being disclosed.
None of the users of the information has been found using them in any illegal trading, no leaking of inside information, and the
Company has not been under punishment or criticize by the supervisory authorities regarding default in information insider
registration or any under-the-table trade.
Retrospective examination and tracking of insiders who have been trading the Companys shares.
[] Yes [V] No
Were there any punishment or supervising treatment by the supervisory authorities on the Company or insiders involving with
undertable trade
17
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
[] Yes [V] No
(XII) Other issues to be disclosed
(XIII) Change in liability and credit situation, and cash arrangement for repaying of debts
(This form is only for PLCs which issued convertible bonds.)
[] Applicable; [V] Not applicable
VII. Significant Events
(I) Company administration
1. General situation of administration
The Company has been following with the Company Law, Securities Law, and Administration Rules of PLCs, as well as those
regulations and documents, kept improving its administration practice. A number of internal regulations and criteria have been
established focusing on internal control including: the Articles of Association, Rules of Shareholders Meeting, Rules of Board
Meeting, Rules of Supervisory Meeting, General Manager Working Criteria, and Internal Control System. A mature administration
structure including the shareholders meeting, board of directors, supervisory committee and executive level was established. In
accordance with the Administration Standard of Public Limited Companies, the Company has a well established adminstration
structure and complying with the requirement of CSRC.
2. Progress of internal control
According to the document (渝证监发【2012】3 号) issued by Chongqing Bureau of CSRC, the Company produced internal control
operation plan for the first half of 2012 and approved at the 5th meeting of the 6th term of Board held on February 29, 2012. The
following works were conducted in stages among the first half of year:
1. Preparation works for internal control
A leading group was formed by primary leaders of the Company and led by Chairman Li Huaguang and General Manager Lu
Hongxian. Internal control project team was formed by related staffs assigned by each department and led by the auditing and legal
department. The team is responsible for estabilishing and executing of the internal control sytem.
The Company conducted legal training on key staffs, including firstly the secretary of Board, financial officer, internal auditing
manager, securities affair representative, and auditing staffs, who participated the Special Training Course for Internal Control of
PLCs conducted by Chongqing Bureau of CSRC.
Secondly a number of training courses were provided by Zhongjin Ruixin CPA and National Asset Commission to the management
team. The courses were covering inventory, purchasing and payment, sales and account retreiving, wage and manpower, fixed asset,
and financing.
3. Internal control construction
Following with the requirement of the Enterprise Internal Control Standards, the project team conducted evaluations on interior
environment, risk evaluation, controlling operation, information and communication, and internal supervisory operation. Various
analyzing and refining works have been done on 75 inspection points among 21 business activities.
18
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(II) Dividend plans, reserve capitalizing plans, or share issuing plans proposed in previous
period and implemented in the current period
[] Applicable; [V] Not applicable
19
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(III) Material lawsuits
[V] Applicable [] Not applicable
Date of Serial number of
Joint liability Profile of the Amount claimed Progress of the Results and Progress of
The claimer The defendant Type of claim information the
party claim RMB0000 lawsuit influence execution
disclosure announcement
Chongqing Chongqing
Northern Jianshe Huiyao
337.5 On execution
Import & Export Motorcycle Co.,
Co., Ltd. Ltd.
Ningbo Huiwang Settlement
The Company Machinery Co., 68 agreement
Ltd. engaged
Claiming
Chongqing
Jiang Fuqiang, retrieved by
Jianshe Sales
Chongqing Jiang Fuqiang,
Co., Ltd.
Qianhua 50 Chongqing
Chongqing Feda
Machinery Co., Qianhua
Surface Process
Ltd. Machinery Co.,
Centerl Ltd.
Ltd.
Chongqing
Weiran
Northern Jianshe Claim rejected
Motorcycle 879.48
Import & Export by the Court
Nigeria Co., Ltd.
Co., Ltd.
Material lawsuit or arbitration issues occurred after the last annual report were amounted to RMB0.
Material lawsuit or arbitration issues presented in the last annual report but was not settled were amounted to RMB13.3498 million.
20
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Provisions provided for the liabilities formed by the lawsuit was RMB0.
Description of the material lawsuit or arbitration issues.
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 Peoples 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 1 st 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.
21
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(IV) Bankrupcy or capital reorganizing
[] Applicable; [V] Not applicable
(V) Holding other PLC’s shares or participating of financial entities
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 PLCs shares.
3. Shareholding in non-listed financial entities
[] Applicable; [V] Not applicable
Statement on shareholding in non-listed financial entities
4. Trading of other PLC’s shares
[] Applicable; [V] Not applicable
Statement on trading of other PLCs shares.
(VI) Asset trade
22
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
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. Asset exchange
[] Applicable; [V] Not applicable
Statement on asset exchange.
23
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
4. Merger of entities
[] Applicable; [V] Not applicable
5. 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
(VII) Statement on share increasing proposal raised by the holding shareholder or its
action-in-concert parties in the report period
[] Applicable; [V] Not applicable
(VIII) Implementation and influences of share equity incentive program
[] Applicable; [V] Not applicable
(IX) Material related transactions
24
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
1. Related transactions related to daily operation
[V] Applicable [] Not applicable
Reason of major
Subjects of the Principle of Amount of Percentage in Influence on the
Price of trade Way of Market price difference between
Related parties Relationship Type of trade related pricing the related trade similar Companys
RMB0000 payment RMB0000 trade price and
transactions transactions RMB0000 trades % profit
market price
Chongqing
Purchasing of
Jianxing Machinery Spare parts Fair price 1,544 1.19%
goods
Co., Ltd.
Purchasing of
Jianshe Industry Fuel & power Fair price 1,037 0.8%
goods
Tongsheng Purchasing of
Affiliates Spare parts Fair price 1,066 0.82%
Construction goods
Joint sales of Finished
Jianshe Yamaha Fair price 5,691 5.87%
ventures goods products
sales of Finished
Changan Auto Fair price 12,894 13.31%
goods products
Total -- -- -- -- -- --
Details about major returning of goods
Necessity, consistancy, and reason of chosing the related
party (but not other parties in the market)
Influence of the related transaction on the independency of
the Company
Dependency of the Company on the related party, and
25
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
measurements if any
Actual performance of the related transactions in the report
period comparing with the prediction made previously
Statement on the related transaction
Operation-related related transactions
Sales of products or labor service to the related parties Purchasing of products or labor services from the related parties
Related parties
Amount of trade RMB0000 Percentage in similar trades % Amount of trade RMB0000 Percentage in similar trades %
Chongqing Fuda Property Management Co., Ltd. 12.57 0.01%
Chongqing Jianshe Industry Co., Ltd. 1,036.9 0.8%
Chongqing Jianshe Industry Co., Ltd. (including labor service and moulds) 229.22 0.18%
Chongqing Pingshan Taikai Carburetor Co., Ltd. 845.79 0.65%
Chongqing Jianshe YAMAHA Motorcycle Co., Ltd. 5,691.13 5.87% 230.77 0.18%
Chongqing Jianxing Machinery Co., Ltd. 0% 1,543.91 1.19%
Chongqing Jianshe Industry & Trade Co., Ltd. 0% 20.43 0.02%
Jiangmen Qingqi South China Motorcycle Co., Ltd. 0% 66.48 0.05%
Chongqing Tongsheng Jianshe Industry Co., Ltd. 448.55 0.46% 1,065.66 0.82%
China Changan Automobile Group Co., Ltd. 12,893.7 13.31%
Zhuzhou Jianshe YAMAHA Motorcycle Co., Ltd. 31.98 0.03%
Total 19,065.36 19.68% 5,051.74 3.89%
Including: Sales of good or services to the holding shareholder and its subsidiaries was amounted to RMB000 in the report period.
26
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
2. Related transactions related to asset purchasing or disposal
[] Applicable; [V] Not applicable
3. Material related transactions related to collaborated external investment
[] Applicable; [V] Not applicable
4. Debtors and credits with related parties
[] Applicable; [V] Not applicable
Capital appropriation and progress of clearing 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
27
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
5. Other material related transactions
The shareholders meeting 2011 held on May 25, 2012 examined and adopted the proposal of “Excepting
Financial Services”. As of June 30, 2012, the balance of savings at Military Equipment Finance Company was
RMB60.0092 million, accounted for 0.52% of the total savings of the Military Equipment Finance Company. The
security and liquidity of the savings were in good condition. No delay of payment occurred due to shortage of
cash.
(X) Major contracts and execution
1. Trusteeship, contract, or leasing issues which contributes 10% or over of total profit of the period
(1) Trusteeship
[] Applicable; [V] Not applicable
(2) Contracting
[] Applicable; [V] Not applicable
(3) Leasing
[V] Applicable [] Not applicable
Amount
involved Influence
Leasing Recognitio
Descripti by the of the Related
Name of the Name of Starting Ending income n basis of Relationsh
on of the property rental on transaction
leaser the lessee date date RMB000 lease ip
property on lease the or not
0 income
RMB000 Company
0
Chongqing Chongqin
Jianshe g Jianya, Warehou May 31, May 30, Price on Joint
2,078 380.87 Yes
Motorcycle Shanghai se 2008 2013 agreement ventures
Co., Ltd. Jianya
Statement on the leasing
This leasing is a continuous leasing business.
2. Guarantees
[V] Applicable [] Not applicable
In RMB10 thousand
External Guarantee (Exclude controlled subsidiaries)
28
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Amount of Actual date of
Amount of Related
guarantee and occurring Actual amount Type of Completed
Guarantee provided to the Term party or
date of (signing date of of guarantee guarantee or not
guarantee not
disclosure agreements
Total of external guarantee
Total of external guarantee approved
0 actually occurred in the report 0
in the report term (A1)
term (A2)
Total of external guarantee
Total of external guarantee approved
0 actually occurred as of end of 0
as of end of report term (A3)
report term (A4)
Guarantee provided to controlled subsidiaries
Amount of Actual date of
Amount of Related
guarantee and occurring Actual amount Type of Completed
Guarantee provided to the Term party or
date of (signing date of of guarantee guarantee or not
guarantee not
disclosure agreements
Chongqing Jianshe
Apr 20, 2012 2,800 Feb 09, 2012 2,800 1 year Yes No
Sales Co., Ltd.
Chongqing Jianshe Half a
Apr 20, 2012 2,400 May 3, 2012 2,400 Yes No
Sales Co., Ltd. yr
Chongqing Jianshe Half a
Apr 20, 2012 3,600 May 16, 2012 3,600 Yes No
Sales Co., Ltd. yr
Chongqing Jianshe Half a
Apr 20, 2012 5,000 June 13, 2012 5,000 Yes No
Sales Co., Ltd. yr
Chognqing Jianshe
Automobile 10
Apr 20, 2012 5,000 October 18, 2011 5,000 Yes No
Air-conditioner months
Compressor Co., Ltd.
Chognqing Jianshe
Automobile Two
Apr 20, 2012 3,850 August 30, 2010 3,850 Yes No
Air-conditioner years
Compressor Co., Ltd.
Chognqing Jianshe
Automobile Three
Apr 20, 2012 4,700 Dec 28 2009 4,700 Yes No
Air-conditioner years
Compressor Co., 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
38,500 27,350
approved as of the report term (B3) subsidiaries as of end of report
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 end Total of guarantee occurred as
38,500 27,350
of report term (A3+B3) of the end of report term
Percentage of the total guarantee occurred (A4+B4) on net asset of
108.21%
the Company
In which:
Guarantees provided to the shareholders, substantial controllers and
27,350
the related parties (C)
Guarantee provided directly or indirectly to objects with over 70% of
27,350
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
29
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
3. Entrusted capital management
[] Applicable; [V] Not applicable
30
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
4. Performing of material contracts
5. Other material contracts
[] Applicable; [V] Not applicable
(XI) Statement on issuing of company bonds
[] Applicable; [V] Not applicable
(VII) Fulfilling of comitments
1. Commitments of shareholders with over 5% of shares made in the report term or carried over from
previous terms
[] Applicable; [V] Not applicable
2. Statement on the situation of predicted profit on assets or projects, and actual results of the same
[] Applicable; [V] Not applicable
(XIII) Other misc income accounts
In RMB Yuan
Items Current term 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: influence of income tax oon cash flow hedging instruments
31
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Net amount written into other gains and transferred into gain/loss in
previous terms
Adjusted amount transferred to initial amount of the target project
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
(XIV) Reception of investigations, communications, or interviews in the report period
Main content involved
Time/date Place Way Type of visitors Visitors
and material provided
(XV) Engaging and dismissing of CPA
If the Interim Report is audited
[] Yes [V] No
(XVI) Punishment on the Company and/or the directors, supervisors, executives, shareholders,
substaintial controller, and purchasers, and correcting of misbehaviours
[] Applicable; [V] Not applicable
(XVII) Other material events
[] Applicable; [V] Not applicable
(XVIII) Material change in profitability, asset, and credit situation of the guarantor of the
convertible bonds
(Only for PLCs issued convertible bonds)
[] Applicable; [V] Not applicable
32
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(XIX) Index for information disclosure
Issues Names and pages of presses Date of releasing Web addresses
Production and sales express, Securities Times, Hong Kong
January 17, 2012 http://www.cninfo.com.cn
December 2011 Commercial Daily
Securities Times, Hong Kong January 17, 2012
Performance forcast 2011 http://www.cninfo.com.cn
Commercial Daily
Production and sales express, Securities Times, Hong Kong February 7, 2012
http://www.cninfo.com.cn
January 2012 Commercial Daily
Resolutions of the 5th meeting Securities Times, Hong Kong
March 1, 2012 http://www.cninfo.com.cn
of the 6th term of Board Commercial
Working plan of internal
March 1, 2012 http://www.cninfo.com.cn
control
Production and sales express, Securities Times, Hong Kong
March 7, 2012 http://www.cninfo.com.cn
February 2012 Commercial
Production and sales express, Securities Times, Hong Kong
April 12, 2012 http://www.cninfo.com.cn
March 2012 Commercial
Resolutions of the 6th meeting Securities Times, Hong Kong
April 20, 2012 http://www.cninfo.com.cn
of the 6th term of Board Commercial
Annual Reprot 2011 and Securities Times, Hong Kong April 20, 2012
http://www.cninfo.com.cn
Summary Commercial
Prediction of related transaction Securities Times, Hong Kong April 20, 2012
http://www.cninfo.com.cn
in 2012 Commercial
Providing of guarantee to Securities Times, Hong Kong April 20, 2012
http://www.cninfo.com.cn
fully-owned subsidiary in 2012 Commercial
Announcement on accepting of April 20, 2012
Securities Times, Hong Kong
financial services and related http://www.cninfo.com.cn
Commercial
transactions
Notice for calling of the April 20, 2012
Securities Times, Hong Kong
shareholders annual meeting http://www.cninfo.com.cn
Commercial
2011
Resolutions of the 4th meeting April 20, 2012
Securities Times, Hong Kong
of the 6th term of Supervisory http://www.cninfo.com.cn
Commercial
Committee
Announcement on resigning of Securities Times, Hong Kong April 20, 2012
http://www.cninfo.com.cn
supervisors Commercial
Introspective Evaluation Report April 20, 2012
http://www.cninfo.com.cn
on Internal Control, 2011
Evaluation report on the works April 20, 2012
http://www.cninfo.com.cn
of CPA, 2011
Risk evaluation report on
Military Equipment Finance April 20, 2012 http://www.cninfo.com.cn
Company
Emergency preplan for risk
events of Military Equipment April 20, 2012 http://www.cninfo.com.cn
Finance Company
Independent directors work
April 20, 2012 http://www.cninfo.com.cn
report 2011 (Chen Xingshu)
Independent directors work
April 20, 2012 http://www.cninfo.com.cn
report 2011 (Wang Jun)
Independent directors work
April 20, 2012 http://www.cninfo.com.cn
report 2011 (Yu Jianfeng)
Independent directors work
April 20, 2012 http://www.cninfo.com.cn
report 2011 (Cheng Yuanwei)
Auditors Report 2011 (English
April 20, 2012 http://www.cninfo.com.cn
& Chinese)
Report of Verification on
Capital Appropriation by
April 20, 2012 http://www.cninfo.com.cn
Controlling Shareholder and
Related Parties
Independent directors opinions
April 20, 2012 http://www.cninfo.com.cn
(10 issues)
Securities Times, Hong Kong
The 1st Quarterly Report 2012 April 20, 2012 http://www.cninfo.com.cn
Commercial
Special statement on financial April 20, 2012 http://www.cninfo.com.cn
33
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
services and savings in related
parties
Announcement on irregular Securities Times, Hong Kong
April 25, 2012 http://www.cninfo.com.cn
fluctuation of share price Commercial
Production and sales express, Securities Times, Hong Kong
May 5, 2012 http://www.cninfo.com.cn
April 2012 Commercial
Promption Notice to Call the
Shareholders Annual Meeting Securities Times, Hong Kong
May 19, 2012 http://www.cninfo.com.cn
2011, and online voting Commercial
instructions
The Resolutions of
Securities Times, Hong Kong
Shareholders Annual Meeting May 26, 2012 http://www.cninfo.com.cn
Commercial
2011
Legal opinions on the Securities Times, Hong Kong
May 26, 2012 http://www.cninfo.com.cn
shareholders meeting 2011 Commercial
Resolutions of the 5th Meeting
Securities Times, Hong Kong
of the 6th Term of Supervisory May 26, 2012 http://www.cninfo.com.cn
Commercial
Committee
Production and sales express, Securities Times, Hong Kong
June 9, 2012 http://www.cninfo.com.cn
May 2012 Commercial
Production and sales express, Securities Times, Hong Kong
July 11, 2012 http://www.cninfo.com.cn
June 2012 Commercial
Business performance forcast,
Securities Times, Hong Kong
Interim 2012 July 11, 2012 http://www.cninfo.com.cn
Commercial
VIII. Financial Reports
(I) Auditors’ Report
If the Interim Report is audited
[] Yes [V] No
(II) Financial Statements
Consolidated or not
[V] Yes [] No
All figures in the financial statements are in RMB Yuan except for otherwise stated.
All figures in the Notes to the Financial Statements are in RMB Yuan
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
34
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Reinsurance receivable
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 investment 665,102,655.51 661,109,026.54
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 expenses 10,841,938.77 11,958,171.84
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
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 year 273,400,000 115,400,000
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
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 477,500,000 477,500,000
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 the parent company 252,758,439.86 286,466,093.56
Minor shareholders’ equity 2,384,107.11 1,711,694.85
Total of owners equity (or shareholders equity) 255,142,546.97 288,177,788.41
Total of liability and shareholders equity (or owners equity) 2,856,550,977.9 2,691,721,123.4
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
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 investment 813,897,611.81 810,107,982.84
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 expenses 2,654,506.77 3,079,034.88
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
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Interest payable
Dividend payable
Other account payable 81,969,425.02 76,348,143.67
Non-current liability due in 1 year 185,500,000 17,000,000
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 capital) 477,500,000 477,500,000
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 shareholders equity) 394,478,349.14 432,392,023.42
Total of liability and shareholders equity (or owners equity) 2,067,571,471.03 2,088,438,929.03
3. Consolidated Income Statement
In RMB
Amount of the Current Amount of the Previous
Items Note
Term 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 reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 11,529,258.24 18,305,481.31
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 (“-“ for loss) 19,789,628.97 24,048,088.9
Incl. Investment gains from affiliates 20,293,033.8 24,551,493.73
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 expenditure 157,199.79 500,520.28
Incl. Loss from disposal of non-current assets 73,623.94 34,263.43
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
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Including: Net profit realized by the entity taken over before the
takover
Net profit attributable to the owners of parent company -33,707,653.7 1,364,363.06
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 parent
-33,707,653.7 1,364,363.06
company
Total misc gains attributable to the minor shareholders 672,412.26 -563,736.87
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
Less: Operation cost 930,917,606.93 786,669,103.83
Business tax and surcharge 9,970,504.17 16,158,602.42
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 loss) 19,789,628.97 24,048,088.9
Incl. Investment gains from affiliates 20,293,033.8 24,551,493.73
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 of non-current assets 8,938.4
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
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 584,202,387.98 1,004,125,594.48
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
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Net increase of repurchasing business
Tax returned 6,546,244.41 11,118,487.53
Other cash received from business operation 5,143,315.69 7,650,196.61
Sub-total of cash inflow from business activities 595,891,948.08 1,022,894,278.62
Cash paid for purchasing of merchandise and services 463,639,185.92 855,773,303.08
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 102,231,217.82 101,859,179.83
Taxes paid 28,642,320.15 45,547,207.49
Other cash paid for business activities 42,427,738.45 51,582,896.87
Sub-total of cash outflow from business activities 636,940,462.34 1,054,762,587.27
Cash flow generated by business operation, net -41,048,514.26 -31,868,308.65
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
3,721.35 14,869.04
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 8,035,069.11 1,258,801.19
Sub-total of cash inflow due to investment activities 24,038,790.46 12,273,670.23
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 activities 20,855,546.38
Sub-total of cash outflow due to investment activities 34,134,994.9 45,788,158.91
Net cash flow generated by investment -10,096,204.44 -33,514,488.68
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 received 367,350,408.84 795,533,127.24
Subtotal of cash inflow from financing activities 1,115,374,410.76 1,826,253,127.24
Cash to repay debts 864,774,861.5 308,450,000
Cash paid as dividend, profit, or interests 54,948,383.96 184,108,283.25
Incl. Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities 160,919,769.62 1,316,018,251.24
Subtotal of cash outflow due to financing activities 1,080,643,015.08 1,808,576,534.49
Net cash flow generated by financing 34,731,395.68 17,676,592.75
IV. Influence of exchange rate alternation on cash and cash equivalents 187,514.56 -753,290.07
V. Net increase of cash and cash equivalents -16,225,808.46 -48,459,494.65
Plus: Balance of cash and cash equivalents at the beginning of term 161,078,406.88 248,884,345.21
VI. Balance of cash and cash equivalents at the end of term 144,852,598.42 200,424,850.56
6. Cash Flow Statement of the Parent Co.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 498,515,072.48 662,647,162.18
Tax returned 3,518,656.47 6,176,961.92
Other cash received from business operation 1,590,221.08 2,380,454.13
Sub-total of cash inflow from business activities 503,623,950.03 671,204,578.23
Cash paid for purchasing of merchandise and services 426,118,461.86 661,091,330.53
Cash paid to staffs or paid for staffs 78,878,864.63 79,187,793.49
Taxes paid 15,462,766.01 20,047,186.05
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Other cash paid for business activities 10,880,852.43 19,731,587.19
Sub-total of cash outflow from business activities 531,340,944.93 780,057,897.26
Cash flow generated by business operation, net -27,716,994.9 -108,853,319.03
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
6,410.26
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 8,005,552.48 457,995.75
Sub-total of cash inflow due to investment activities 24,005,552.48 11,464,406.01
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 activities 20,128,000
Sub-total of cash outflow due to investment activities 32,739,135.67 41,617,095.82
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 received 1,236,001,035.11 1,802,966,824.12
Subtotal of cash inflow from financing activities 1,804,501,035.11 2,701,186,824.12
Cash to repay debts 741,500,795.56 308,450,000
Cash paid as dividend, profit, or interests 31,425,641.98 174,016,143.41
Other cash paid for financing activities 972,904,136.98 2,089,783,422.9
Subtotal of cash outflow due to financing activities 1,745,830,574.52 2,572,249,566.31
Net cash flow generated by financing 58,670,460.59 128,937,257.81
IV. Influence of exchange rate alternation on cash and cash equivalents 424.99 -585,600.54
V. Net increase of cash and cash equivalents 22,220,307.49 -10,654,351.57
Plus: Balance of cash and cash equivalents at the beginning of term 92,026,931.24 166,262,402.29
VI. Balance of cash and cash equivalents at the end of term 114,247,238.73 155,608,050.72
7. Statement of Change in Owners’ Equity (Consolidated)
Amount of the Current Term
In RMB
Amount of the Current Term
Owners’ Equity Attributable to the Parent Company
Capital Minor
Commo Total of
Items 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
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
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
Amount of Last Year
Owners’ Equity Attributable to the Parent Company
Capital Minor
Commo Total of
Items 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
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
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
8. Statement of Change in Owners’ Equity (Parent Co.)
Amount of the Current Term
In RMB
Amount of the Current Term
Capital
Less: Common Total of
Items 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
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
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
Amount of Last Year
In RMB
Amount of Last Year
Capital Total of
Less: Common
Items 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
(III) Company Profiles
Chongqing Jianshe Motorcycle Co., Ltd. (the precursor is Shenzhen Northern Jianshe motorcycle Co., Ltd., hereafter referred as the
43
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Company) was incorporated on July 19, 1995 by Jianshe Industry (Group) Co., Ltd. (Jianshe Group) and China Northern Industry
Shenzhen Co., Ltd. The business license was numbered 5000001805583 and the registered address was Chongqing. The B-stocks of
the Company was listed in Shenzhen Stock Exchange on July 25, 1995.
On Dec. 30, 2002, the companys temporary general meeting of shareholders passed a resolution of changing the company
nameShenzhen Northern Jianshe Motorcycle Co., Ltd. as Chongqing Jianshe Motorcycle Co., Ltd.. The business administrative
registration was completed on March 11, 2003.
Jianshe Group and the China Southern Industrial Group (Southern Group) signed an Agreement of Equity Transfer on Dec. 3, 2004
and a Supplementary Agreement of Equity Transfer on Jan. 22, 2005. According to these agreements, Jianshe Group transferred
339,625,000 of state-owned legal representative shares to Southern Company. The transfer had been approved by State-owned Assets
Supervision and Management Committee of State Council on March 9, 2005 and approved by the China Securities Regulatory
Commission to exempt Southern Groups obligations of Takeover Offer on May 2005.
In September 2005, under the approval the Foreign capital [2005] certificates No. 0628 of the People's Republic of China Department
of Commerce, the company changed from the domestic-fund corporation to the foreign-fund corporation and completed the
registration of business change in August 2007, receiving new legal representative business license Registered
No.500000400001350, and the registered address is Chongqing. The original registered capital was RMB 477.5 million Yuan.
In April 2007, according to the Guangdong Province Shenzhen Intermediate People's Court (2006) second instance judgement
No.21-4 on bankruption by Intermediate People's Court of Shenzhen city, 17.875 million shares of state-owned legal representative
shares by China Northern Industrial Shenzhen Company were transferred to Yangpu New Yufeng Investment Co., Yonghui FENG
and Zuocheng GU. Yangpu New Yufeng Investment Co. held 7 million shares, Yonghui FENG held 2 million shares and Zuocheng
GU held 8.875 million shares.
The controlling shareholder of the company is Southern Group, the largest shareholder of which is State-owned Assets Supervision
and Management Committee of State Council. The Committee hold 100% shares of Southern Group.
Business scope: motorcycle and parts (including engine), automobile parts (excluding engine), common machinery, industrial
equipment module manufacturing and processing, home appliance and material sales.
(IV) Main accounting policies, acocunting estimations and correcting of previous errors
1. Basis of financial statement
The Company follows the 38 practical rules including Enterprise Accounting Standard – Basic Rules and Enterprise Accounting
Standard No.1 – Inventory, as well as the guidelines issued by the Department of Finance in 2006, known as the New Accounting
Standard.
The Company adopts perpetual operation as the basis of financial statements.
2. Statement of compliance to the Enterprise Accounting Standard
Statement of the Company: the financial statements prepared by the Company basing on Note III “basis of financial statements”
were complying with the requirements of the Enterprise Accounting Standard and reflecting the financial positions, business results,
and cash flow in all material aspects truthfully, fairly, and completely.
3. Accounting period
A fiscal year is the year from January 1 to December 31 of the solar calendar.
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
4. Standard currency for bookkeeping
Renmingbi is the standard currency in book keeping.
Standard Currency for bookkeeping of overseas subsidiaries.
5. Accounting treatment of the merging entities under common control and different control
(1) Merger of entities under common control
For merger of enterprise under common control, the Company uses equity integration method in accounting treatment. For those
assets and liabilities acquired through merger shall be accounted at original book value except for those according to different
accounting standard, no goodwill will be calculated anyway. The difference between the book value of considerations and the book
value of the net asset acquired will be adjusted to capital reserves, when the capital reserve is not enough for adjusting, the balance
shall be adjusted to retained profit. Net profit of the merged enterprise realized prior to the merger shall be accounted into
consolidated income statement.
(2) Merger of enterprises under different control
The difference of the acquisition cost greater than the fair value of recognizable net asset of the enterprise acquired is accounted
as goodwill, and measured as the cost less accumulative impairment provisions; The difference of the acquisition cost shorter than
the fair value of recognizable net asset of the enterprise acquired is accounted into current gain/loss.
Business results of the acquired enterprise are consolidated since the date of merger, till the controlling power is transferred out
of the Company.
6. Preparing method of consolidated financial statements
(1) Preparation of consolidated financial statements
Basing on the accounts of the parent company and the subsidiaries included in the consolidation range, major investments,
trades, inventory purchasing or sales, and internal transactions are neutralized before consolidated one after another, and the minority
shareholders equity and gain/loss shall be calculated.
(2) Accounting process on purchasing and selling, or selling and purchasing of the shares of the same
subsidiary in successively two years
In the report term, new subsidiaries added by merger of enterprises under common control, the revenue, expenses and profits of
the subsidiary from the beginning of current fiscal term to the end of report term are consolidated to the consolidated income
statement. New subsidiaries added by merger of enterprises under different control, the revenue, expenses and profit of the subsidiary
since the day of merger to the end of report term are consolidated into the consolidated income statement.
When a subsidiary is disposed, the revenue, expenses and profits since the beginning of report term to the day of disposal are
included in the consolidated income statement.
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
7. Recognition basis of cash and cash equivalents
Cash equivalent refers to the investment held by the Company with short term (due within 3 months from the purchase date), strong
liquidity and low risk of value fluctuation that is easy to be converted into cash of known amount.
8. Translation of businesses and accounts in foreign currency
(1) Business in foreign currency
Business transactions involving with foreign currencies occurred in the fiscal year are booked and translated into RMB at the
central parity rate announced by Peoples Bank of China at the end of previous month.
At the balance sheet day, foreign currency items are translated at the rate of instant date, however the exchange differences
caused by the difference between the rates at the balance sheet date and the initial recognition date or at the previous balance sheet
date, shall be accounted into current gain/loss account; the amount in standard currency of non-monetary items accounted in
foreign currencies and on historical cost basis shall not be changed.
Exchange differences caused by foreign currency loans relating to purchasing or constructing of assets which satisfy the conditions of
capitalization, are accounted according to the principles adopted for loan expenses.
(2) Translating of financial statements in foreign currencies
9. Financial instruments
(1) Categorising of financial instruments
The Company classifies financial assets and financial liabilities into: transactional financial assets and liabilities, investment
equity held to maturity, receivable accounts, disposable financial assets, and other financial liabilities.
(2) Recognition basis and measurement of financial instruments
When the Company becomes one of the parties of a financial instrument contract, the financial asset or liability is recognized.
(3) Recognition basis and measurement for transferred financial assets
The financial assets are recognized for termination when almost all the risks and rewards of the ownership rights are transferred;
if almost all the risks and rewards of the ownership right are reserved, no termination will be recognized.
If the termination conditions are satisfied when a financial asset is transferred in full, the differences between the following
items are accounted into current gain/loss: a. book value of the financial asset to be transferred; b. the sum of consideration received
for the financial asset and the accumulative change of fair value originally accounted into owners equipty (if the financial asset to be
transferred is disposable financial asset).
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(4) Temination condition for recognition of financial liabilities
(5) Recognition of fair values of financial assets and liabilities
If there is an active market, the fair value of financial asset or liability is recognized at the price in the active market.
If there is no such active market, the fair value of financial instruments is recognized by estimation technique.
(6) Providing of impairment provision on financial assets (exclude receivable accounts)
At the balance sheet day, the Company investigates the book value of financial assets other than transactional financial assets,
when impairment is proved by objective evidences, impairment provisions shall be provided. When impairment happened to a
financial asset accounted at amortized costs, the book value of this financial asset shall be reduced to the current value of predicted
future cash flow, the reduced amount shall be recognized as asset impairment loss and accounted into current gain/loss account.
When objective evidence showing that the value of a fiancial asset accounted at amortized cost has been restored after
recognition of impairment, and substaintially related to the issues occurred after recognition of the impairment (for instance the credit
grade of the debtor has increased), the impairment loss recognized originally shall be restored and accounted into current gain/loss
account. However, the book value shall not be exceeding the amortized costs of the financial asset at the restoring date provide the
impairment provision has never been provided.
(7) If investment held to mature is recategorized to sellable financial assets, please state th intention or
evidence of change in capability
10. Recognition standard and providing basis of bad debt provision on receivable accounts
If there are any objective evidence showing that impairment has occurred to a receivable account (including receivable account
and other receivables), the difference between the book value and the present value of expected future cash flows is recognized as
bad debt provision.
For individual account receivable with minor amount, and those with major amount but suggested no impairment when separate
test was performed (include account receivable and other capital receivable), the Company conduct the proportion of all the
compositions bad debt plans according to the actual loss rate of the similar account receivable composition with same account age
together with the current conditions. The rates are:
Account age Provision rate
within 1 yr 5%
1-2 yrs 10%
2-3 yrs 20%
Over 3 yrs 50%
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Bad debt provsions shall be provided on individual recognition basis when solid evidence showing that there is defference
between the possibilities of recovering.
The book value of receivable accounts are reduced by provision account (bad debt provisions). If an impaired credit is evaluated as
unrecoverable, termination recognition shall be performed.
(1) Bad debt provision on receivable accounts with major amount individually
Basis of recognition or standard amount of According to the business scale and business natures, the Company set the standard
individual account with large amount at RMB5 million as receivable accounts with major amount
For receivable accounts with major amounts, if no impairment occurred after test,
Basis of bad debt provision
bad debt provisions shall be provided according to the percentage of ages
(2) Receivable accounts on which bad debt provisions are provided as groups
Name of the portfolio Basis of bad debt provision Basis of recognition for groups
Account receivable without major
amount but greater risk after Receivable accounts due for over three years and with obvious
Age analysis method
combined into group of similar evidence showing that it is are to retreive
risks
Accounts on age basis in the portfolio:
[V] Applicable [] Not applicable
Age Rate for receivables (%) Rate for other receivables (%)
Within 1 yr, (included) 5% 5%
1-2 yrs 10% 10%
2-3 yrs 20% 20%
Over 3 yrs 50% 50%
3-4 yrs
4-5 yrs
over 5 yrs
Accounts on percentage basis in the portfolio:
[] Applicable; [V] Not applicable
Accounts on other basis in the portfolio:
[] Applicable; [V] Not applicable
(3) Receivable accounts with minor amount but bad debt provisions are provided individually
Reason for providing bad debt individually:
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Obvious evidence showing that the account is not retreivable.
Basis of bad debt provision:
Age analysis method
11. Inventories
(1) Inventory classification
Inventories are categorized as raw materials, products in process, and finishd products, etc.
(2) Pricing of inventory to be delivered
[] First-in-first-out [v] weighted average [] individual recognition Others
Delivery of inventory is on weighted average / first-in-first-out basis. Inventories are measured at the lower of cost and
realizable value at the balance sheet day.
(3) Recognition of realizable net value of inventory and providing of inventory impairment provision
Recognition basis of net realizable value of inventories： the net realizable net of finished goods is the estimated selling price
less the estimated costs to sell and the relevant tax； when the net realizable value of held-for-production materials is higher than the
costs, they are measured at the costs；when the price of the materials decrease, which indicates the net realizable value of the finished
goods is lower than the costs，the net realizable value is the estimated selling price less the estimated costs incurred until the
completion of production, and the estimated costs to sell and the relevant tax; the net realizable value of held-for-sale materials is
the market price.
(4) Inventory system
[v] Perpetual inventory [] Fixed date inventory Others
The company adopt perpetual method for inventory counting.
(5) Amortization of low-value consumables and packaging materials
Low price consumable
Basis of amortizing: one-off
Packaging materials
Basis of amortizing: one-off
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
12. Long-term equity investment
(1) Recognition of initial investment costs
The initial costs of long-term equity investment formed in enterprise merger will be decided at the following basis: For
long-term equity investment formed in merger of enterprises under same controlling, the initial investment cost of the long-term
equity investment will be the share of booked owners equity of the enterprise been merged. The expenses directly related to the
merger will be counted as gain/loss of the current term instantly. For long-term equity investment formed in merger of enterprises
under different controlling, the initial investment cost of the long-term equity investment will be upon the capital paid to acquire the
ownership, liabilities undertaken, and the fair value of equity securities placed. The expenses directly related to the merger will be
counted as initial investment cost directly.
For long-term investment obtained in term of cash payment, its initial investment cost will be the actual price paid. Initial
investment cost includes expenses, taxes and other necessary expenditures directly related to obtaining of the long-term investment,
however the cash dividend announced but not collected included in the actual price shall be booked particularly as one of the
receivables.
Long-term equity investment obtained through issuing of equity stocks, the initial investment cost shall be accounted at the fair
value of the equity stocks issued.
Long-term equity investments input by investors are initialized at the value stipulated by the investment contract or agreement,
except for those contracted values are not fairly acceptable.
Long-term equity investment obtained through exchange of non-monetary assets, if this trade is commercial and the fair values
of the assets been traded are able to be reliably measured, then the fair value of outgoing asset will be used as the initial investment
cost. The difference between the fair value and book value of the outgoing asset is accounted into current gain/loss account. If the
non-monetary asset trade is not satisfying both of the above conditions, then the book value of the outgoing asset and taxes will be
adopted as the initial investment cost.
Long-term equity investments acquired through debt reorganizing, the initial investment costs are recognized at the fair value of
the equity acquired. The differences between the investment cost and the book value of the credit are accounted into current gain/loss
account.
(2) Successive measurement and recognition of gain/loss
The Company adoptes cost basis for accounting of long-term equity investments in subsidiaries and other equity investments. At
preparing of the consolidated financial statements, the long-term equity investment in subsidiaries are adjuted on equity basis.
Equity basis is also adopted in accounting of long-term equity investment in joint ventures and associated enterprises.
At balance sheet day, if there is indication showing impairment occurred on the long-term equity investment in subsidiaries,
long-term equity investment in joint-ventures, and long-term equity investment in associated enterprises, the recoverable amount
shall be evaluated, when the recoverable amount is lower than the book value, the impairment loss shall be recognized and accounted
into current gain/loss, and long-term equity investment impairment provision shall be provided thereof. When impairment occurred
to other equity investment, the differences between the current value of future cash flow determined with reference to the income rate
of similar financial assets in the market shall be recognized as impairment losses and accounted into current gain/loss, and
long-term equity investment impairment provision shall be provided thereof. None of the above long-term equity investment
impairment privision shall be written back in subsequent terms.
Long-term equity investments accounted on cost basis are priced at initial investment costs. Supplementary or retrieved
investments are adjusted to the cost of long-term equity investment. Cash dividend or profit distribution announced by the investee
are recognized as investment gains of the current term. Recognition of investment gains is limited to the allocated amount of the
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
accumulated net profit after the investment has been made. The exceeding part of profit or cash dividend over the above amount is
treated as retrieving of initial investment cost.
Long-term equity investment accounted on equity basis, investment gain/loss is recognized at the share of net gain/loss realized
by the investee and adjusted to the book value of the long-term equity investment. Profit distribution or cash dividend announced or
delivered by the investee shall be deducted from the book value of long-term equity investment. Other change of owners equity by
the investee other than net gain/loss shall be adjusted to the book value of the long-term equity investment and accounted into
owners equity.
At disposal of long-term equity investment, the difference between the book value and actual consideration shall be accounted
into current gain/loss account. For long-term equity investment on equity baisis, the changes in owners equity other than gain/loss
accounted into owners equity, it will be transferred over to current gain/loss from the part originally accounted into owners equity
when disposed.
(3) Basis to recognize common control and material influence on invested entities
(4) Impairment test and providing of impairment provisions
13. Investment property
The investment properties of the company are classified as land-use right for lease, buildings for lease and land-use right held
for transfer when value added.
The investment properties are measured initially at the costs, and the subsequent measurement is by cost method.
The Company adopts depreciation or amortizing methods on investment properties which are the same with fixed assets and
intangible assets.
When evidence showing that the investment properties are impaired at the balance sheet day, investment property impairment
provisions shall be provided with the method described in 15. Asset impairment hereafter.
14. Fixed assets
(1) Recognition of fixed assets
a. The economic benefits related to the fixed asset probably flow to the company.
b. The costs of the fixed asset can be measured reliably.
(2) Recognition and pricing of fixed asset leased by financing
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(3) Depreciation of different fixed assets
The depreciation method is by straight-line method, and depreciation ratio is decided in accordance with the original value and
useful life after deducting of predicted scrap value (3% of original value). Depreciation ratio on useful life are:
Categories Depreciation age (year) Salvage Value Rate (%) Annual depreciation rate (%)
Houses & buildings 30-35 yrs 3% 2.77-3.23
Equipment & machinery 7-14 yrs 3% 6.93-13.86
Electronic equipment 5-8 yrs 3% 12.13-19.40
Transportation equipment 5-8 yrs 3% 12.13-19.40
Other equipment
Fixed asset leased by financing -- -- --
Incl. House & Buildings
Equipment & machinery
Electronic equipment
Transportation equipment
Other equipment
(4) Impairment test and providing of impairment provisions on fixed assets
On the balance sheet day, the company should check whether or not there has the indication that the fixed assets might be
impaired. If the indication exists, it will be taken the impairment test to recognize its recoverable amount and should be made
provision at the low of the book value and the recoverable cost.
When one of the following becomes true, fixed asset impairment provision shall be provided at the book value in full:
a. Fixed asset has been idle for a long time, and is not expected to be put into use again, and no value recovering through
disposal;
b. Fixed asset becomes unusable due to technical upgrading;
c. The fixed asset is still usable, but could produce large amount of defective products;
d. Damaged and not usable or disposable.
e. Othe fixed assets practically unable to bring financial benefits to the Company.
Once fixed asset impairment is recognized, it shall not be written back in subsequent fiscal periods.
(5) Other remarks
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15. Construction-in-process
(1) Categories of construction-in-process
Construction-in-process refers to necessary expenses occurred before the constructed or purchased fixed asset reaches its
usable status, including direct materials, direct wages, equipment to be installed, construction & installation fee, project management
fee, net gain/loss of project trial operation and loan expenses allowed to be capitalized, etc.
(2) Standard and timing for transferring of construction-in-process to fixed assets
Construction-in-process is transferred to fixed assets as soon as it becomes usable.
(3) Impairment test and providing of impairment provisions on construction-in-process
At the balance sheet day, if evidence showing that impairment occurred to the construction-in-process, impairment provisions
shall be provided according to 15. Asset Impairment hereafter.
16. Borrowing expenses
(1) Principle of the recognition of capitalized borrowing costs
Borrowing expenses for purchasing or construction of assets that are satisfying the conditions of capitalization shall be
capitalized, other borrowing expenses are accounted into current gain/loss account. Assets satisfying the conditions of capitalization
are those fixed assets, investment assets or inventories which need a long period of time to purchase, construct, or manufacturing
before becoming usable.
(2) Capitalizing period of borrowing expenses
Capitalizing commenced only when all of the following conditions are satisfied.
- asset expenditure has already occurred;
- Loan expenses has already occurred;
- Construction or production activities that are essential to make the asset usable or sellable have started.
Capitalizing of borrowing expenses is suspended as soon as the asset has reached the expected usable or sellable situation. The
subsequent borrowing expenses shall be accounted into current gain/loss account.
If the asset satisfying the capitalizing conditions was abnormally suspended in the process of purchasing or construction for over
three months, capitalizing of borrowing expenses shall be suspended, borrowing expenses occurred in the suspension period shall be
accounted into current gain/loss account.
(3) Temporarily suspension of capitalizing period
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(4) Calculating of borrowing expense capitalizing
Amount of capitalized interests in the capitalizing period are determined as the followings:
- For special borrowings, the amount is decided at the actual interest occurred in the current term less provisional interest
income or investment gains.
- For common borrowings, the amount is decided by the weighted average of accumulated asset expenditure over special borrowings
multiply the capitalization ratio of common borrowings. Capitalization ratio is decided by the weighted average of common
borrowing interests.
17. Biological assets
18. Petrolum assets
19. Intangible assets
(1) Pricing of intangible assets
(1) Initial recognition
Intangible assets are land using rights, patents, and non-patent technologies, which are measured at cost basis.
(2) Subsequent measurement
Intangible assets are categorized to limited useful life and unlimited useful life according to their estimated beneficial period,
whereas those cant be estimated are categorized as intangible assets without definite useful life.
For intangible assets with limited useful life, its amortizable amount shall be amortized rationally through its useful life, if the
realizing way is not able to be reliably predicted, straight amortizing shall be applied.
The Company reviews, at least once at end of each year, the useful life and amortizing method of the intangible assets with
limited useful life, and shall adjust when necessary.
Intangible assets without definite useful life are not amortized, but reviewing shall be performed on the useful life, and
impairment test as well.
On the balance sheet day, when there is sign of impairment on the intangible asset, intangible asset impairment provision shall
be provided according to 15. Asset Impairment hereafter.
(2) Estimation of service life of intangible assets with limited service life
The company consider the following factors when estimating the life of intangible assets with finite life:
- the life cycle of the products produced by the assets, and the available information of the similar assets life；
- the current stage of technology, art and so on, and the evaluation of future development trend；
- the market demand of products or services provided by the assets；
- current or potential competitors are expected to take action；
- expected maintenance expenses for maintaining the ability of the assets to bring economic benefits, and the companys ability
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
of expected to pay the expenses；
- relevant laws and regulations or similar restrictions for the controlling period of the assets, such as licensed using period and
the leasing period；
- relevance that is related to service life of other assets held by the company.
Items Expected useful life Basis
(3) Intangible assets without certain useful life
(4) Providing of intangible asset impairment provisions
(5) Dividing of research stage and development stage of internal R&D projects
The expenditure on internal R&D are recorded in gain or loss at the occurrence time.
The expenditure incurred on development are recognized as intangible assets when satisfying the following conditions
simultaneously:
- the technical availability of finishing the intangible asset that can be used or sold；
- equipped with the intention of use and sale after the completion of the intangible asset；
- The mode of creating the economic benefits from the intangible asset includes can demonstrate there is the market for the
products of the intangible asset or the intangible asset itself. If the intangible asset is used internally, the usability can be
demonstrated；
- there has the supporting by sufficient technique, financial resources and other resources to complete the development of the
intangible asset and the company have the competence of using or selling this intangible asset；
- The expenditure on the development stage of the intangible asset can be measured reliably.
(6) Accounting of internal R&D expenses
20. Amortization of long-term expenses
21. Asset transferring with repurchasing terms
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
22. Anticipated liabilities
(1) Recognition of expectible liabilities
When the liability related to contingent issues is satisfying all of the following conditions, they are recognized as predicted
liabilities
- this liability is a current liability assumed by the Company;
- executing of this liability may cause outflow of financial interests;
- the amount of the liability may be measured reliably.
(2) Accounting of expectible liabilities
At recognizing of liability amount, if there is a limited range of expenditure to settle the liability, it can be decided at the average
of upper and lower limit; and the following method shall be adopted if there isnt any limited range of expenditure:
- When the intangible item is involving with a single subject, it is decided at the most possible amount;
- When the intangible item is involving with multiple items, it is calculated according to the possible amount and its probability.
23. Share payment and equity instruments
(1) Category of share payment
(2) Recognition of fair value of equity instruments
(3) Recognition basis of best estimation of exercisable equity instruments
(4) Accounting treatment of share payment plan to be implemented, revised, and terminated
24. Repurchasing of the Company’s shares
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
25. Revenue
(1) Recognition time for sales of goods
Sales income is recognized when: Major risks and rewards attached to the goods have been transferred to the purchaser; The
Company holds neither successive management power which is normally attached to ownership, nor effective control, over the goods
which have been sold out; Amount of income may be reliably measured; when the costs, occurred or will occur, may be measured
reliably.
(2) Recognition of income from giving of using rights on assets
The interest income are measured by the time of others using the assets and the effective interest. The use costs are measured by
agreed charging time and method in the contract or agreement.
(3) Deciding of completion percentage when percentage basis is adopted to recognize income from service
providing or construction contracts
26. Government allowance
(1) Categories
(2) Accounting treatment
Government subsidies are recognized at their fair value whenever they are definite to be obtained and all supplementary
conditions are satisfied. If the income-related government subsidy is only applicable to makeup future expenses or losses, it is
recognized as differed income and accounted into current gain/loss of the period when the expense or loss is recognized.
Asset-related government subsidies are recognized as differed income, and amortized straightly to the useful life of the related assets,
and accounted into current gain/loss account.
27. Deferred income tax asset and deferred income tax liabilities
(1) Basis for recognition of deferred income tax assets
(2) Basis for recognition of deferred income tax liabilities
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28. Operational leasing and financial leasing
(1) Accounting of operational leasing
(2) Accounting treatment of financed leasing
29. Sellable assets in possession
(1) Recognition of sellable assets in possession
(2) Accounting treatment of sellable assets in possession
30. Securitilization of asset
31. Hedging instruments
32. Change of main accounting policies and estimations
Is there any material change of accounting policies occurred in the year.
[] Yes [V] No
(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
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33. Correction of accounting errors in previous period
Is there any accounting error with previous period found in the report period
[] Yes [V] No
(1) Retrospective restatement
Is there any retrospective restatement on the accounting error with previous periods done in the report term
[] Yes [V] No
(2) Future adoption method
Is there any future adoption method applyable to accounting errors with previous periods found in the report period.
[] Yes [V] No
34. Other principal accounting policies, estimations and preparation method of financial statements
(V) Taxation
1. Main categories and rates of taxes
Tax items Tax basis Tax rate
VAT Income from sales of products, processing and repairing services 17%
Consumption tax Income from sales of consuming products 3%
Business tax Income from leasing and taxable services 5%
City maintenance and construction tax VAT, business tax, consumption tax already paid 7%
Enterprise income tax Amount of income taxable 15% 25%
Education surtax VAT, business tax, consumption tax already paid 3%
Income tax rate applyable to branches and factories.
Corporate income tax of other subsidiaries is paid at the rate of 25%.
2. Preferential tax and approving documents
The Company and the subsidiary Chongqing Jianshe Automobile Air-conditioner Co., Ltd. are enjoying temperorily 15% of
corporation tax according to the documents 财税［2011］58号 and 2012年第12号 of the National Tax Bureau and Custom General.
Note: In case of the Company is enjoying tax reduction or exemption, please provide in details the laws and regulations, approval
authorities, document numbers, amount of reduction or exemption, and effective term. For tax overdue, please provide approval
documents of authorities. For other special preference tax policies, please state the effective term, accumulated income, and those
obtained but not exercised.
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3. Other statements
(VI) Consolidating of entities and consolidated financial statements
Overall statement on consolidating of entities and consolidated financial statements.
(1) Principles of consolidated accounts
All of the subsidiaries of the Company are included in the consolidated accounts.
(2) Preparing of consolidated accounts
Basing on the accounts of the parent company and the subsidiaries included in the consolidation range, major investments,
trades, inventory purchasing or sales, and internal transactions are neutralized before consolidated one after another, and the minority
shareholders equity and gain/loss shall be calculated.
(2) Presenting of minor shareholders equity and gain/loss
The share of current net gain/loss attributable to the minority shareholders shall be presented under Minority Shareholders
Gain/loss of the Net Profit in the consolidated income statement.
The share of owners equity in the subsidiary attributable to the minority shareholders, is demonstrated as Minority
Shareholders Equity under the owners equity item in the consolidated balance sheet.
(4) Treatment of exceeding losses
When the current loss of minority shareholders of a subsidiary is greater than the share of the minority shareholders in the
owners equity, if the minority shareholders are obligated by the Articles of Association or investment agreement for this, and the
minority shareholders are capable to make it up, the minority shareholders equity shall be deducted at the amount of exceeded loss.
Or otherwise it will be deducted from the owners equity of the parent company. Profits realized by the subsidiaries in subsequent
periods are attributable to the owners equity of the parent company prior to making up of the minority shareholders losses
undertaken by the owners equity of the parent company.
(5) Treatment of subsidiaries added or eliminated in the current term
In the report term, new subsidiaries added by merger of enterprises under common control, the revenue, expenses and profits of
the subsidiary from the beginning of current fiscal term to the end of report term are consolidated to the consolidated income
statement. New subsidiaries added by merger of enterprises under different control, the revenue, expenses and profit of the subsidiary
since the day of merger to the end of report term are consolidated into the consolidated income statement.
When a subsidiary is disposed, the revenue, expenses and profits since the beginning of report term to the day of disposal are
included in the consolidated income statement.
1. Particulars of the subsidiaries
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(1) Subsidiaries obtained through incorporation or investment
In RMB
Balance of the owners
Amount for equity of parent co.
Balance of
deducting after deducting of the
other items
minor exceeding part of
Actual actually Share Minor
Full name of Ownership of Business Registered Business Voting Consolid shareholders minority shareholders
Reg. Add. investment formed net propor shareholders’
the subsidiary the subsidiary property capital Scope power % ated equity in the share of loss over the
at year end investment in tion % equity
minor share of minority
the
shareholders shareholders in the
subsidiaries
equity owners equity at
beginning of year
Other statements on Subsidiaries obtained through incorporation or investment
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(2) Subsidiaries procured through merger of entities under common control
In RMB
Balance of the
owners equity
of parent co.
after deducting
Amount for of the
Balance of
deducting exceeding part
other items
Minor minor of minority
Full name Ownership Actual actually
Business Registered Business Share Voting shareholders shareholders
of the of the Reg. Add. investment at formed net Consolidated shareholders’
property capital Scope proportion % power % equity in the share of loss
subsidiary subsidiary year end investment equity
minor over the share
in the
shareholders of minority
subsidiaries
equity shareholders in
the owners
equity at
beginning of
year
International
trading and
agency of
Chongqing various
Northern merchandises
Sales of
Jianshe Ltd. and
Chongqing motorcycles 60,377,527.88 60,377,527.88 100% 100% Yes 0
Import & liability technologies
and parts
Export Co., (other than
Ltd. (1) those
restricted by
national
government)
Other statements on subsidiaries procured through merger of entities under common control
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(3) Subsidiaries procured through merger of entities under different control
In RMB
Balance of the
owners equity
of parent co.
after deducting
Amount for of the
Balance of
deducting exceeding part
other items
Minor minor of minority
Full name Ownership Actual actually
Reg. Business Registered Share Voting shareholders shareholders
of the of the Business Scope investment formed net Consolidated shareholders’
Add. property capital proportion % power % equity in the share of loss
subsidiary subsidiary at year end investment equity
minor over the share
in the
shareholders of minority
subsidiaries
equity shareholders in
the owners
equity at
beginning of
year
Motorcycle with
two wheels,
portable
motorcycle with
two wheels and
installation kits
Shanghai manufacturing
Jianshe Ltd. Manufacturing and sale, moped
Shanghai 16,000,000 8,160,000 51% 51% Yes 2,361,748.9
Motorcycle liability of motorcycles manufacturing
Co., Ltd. and sale,
power-driven
bicycle and its
parts
manufacturing
and sale (license
when required)
Other statements on subsidiaries procured through merger of entities under different control
63
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
2. Entities with special purposes or entities on which the Company has cotrolling power thorugh entrusted
operation or leasing
[] Applicable; [V] Not applicable
Other statement on entities with special purposes or entities on which the Company has cotrolling power thorugh entrusted operation
or leasing
3. Change of consolidation range
Change of consolidation range:
[] Applicable; [V] Not applicable
4. Entities included or excluded in the consolidation range in the report period
Subsidiaries, entities with special purpose, or entities on which the Company has cotrolling power thorugh entrusted operation or
leasing added to the consolidation range in the report period.
In RMB
Name Net asset at end of term Net profit of the current term
Subsidiaries, entities with special purpose, or entities on which the Company has cotrolling power thorugh entrusted operation or
leasing excluded from the consolidation range in the report period.
In RMB
Net profit from beginning of year
Name Net asset at day of disposal
to the date of disposal
Other statements on entities included to or excluded from the consolidation range in the report period
5. Merger of entities under common control in the report term
In RMB
Cash flow for
Recognition basis of Income from the Net profit of the
Substaintial business activities
Entities taken over entities under beginning of period period until the date
controller of the period until
common control to the date of merger of merger
the date of merger
64
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Other statements on merger of entities under common control.
6. Merger of entities under different control in the report term
In RMB
Entities taken over Amount of goodwill Accounting of goodwill
Other statement on merger of entities under different control.
7. Subsidiaries reduced for disposal of shares and lose of control power
Name of the subsidiaries Date of disposal Recognition of gain/loss
Other statement on subsidiaries reduced for disposal of shares and lose of control power
8. Reverse acquisition occurred in the report period
Goodwill recognized in merger
Basis for recognition of reverse
The undertaker Recognition of merger cost or accounting basis of current
acquisition
gain/loss
Other statements on reverse acquisition.
9. Takeover occurred in the report period
In RMB
Type of takeover Main assets taken over Main liabilities taken over
Takeover under common control Items Amount Items Amount
Takeover under different control Items Amount Items Amount
Other statements on takeover.
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10. Exchange rate of main accounts of overseas businesses
(VII) Notes to key items in the consolidated financial statements
1. Monetary fund
In RMB
End of term Beginning of term
Items Amount of foreign Exchan Amount of Exchange
Amount RMB Amount RMB
currency ge rate foreign currency rate
Cash: -- -- 122,830.28 -- -- 124,504.75
RMB -- -- 120,468.08 -- -- 122,160.82
USD 373.48 6.3249 2,362.2 372 6.3009 2,343.93
Bank account: -- -- 144,729,768.14 -- -- 160,953,902.13
RMB -- -- 141,356,167.03 -- -- 148,347,161.93
USD 462,336.22 5.4671 2,527,646.15 1,866,287.28 6.3009 11,759,289.53
EUR 103,970.03 8.1365 845,954.96 103,822.44 8.1625 847,450.67
Other monetary capital -- -- 279,169,252.85 -- -- 29,558,797.18
RMB -- -- 279,169,252.85 -- -- 29,542,736.56
USD 1,967.61 8.1625 16,060.62
Total -- -- 424,021,851.27 -- -- 190,637,204.06
Accounts under pledge, restriction, or saved abroad, which are attached with potential risks, shall be stated individually.
2. Transactional financial assets
(1) Transactional financial assets
In RMB
Items Fair value at end of term Fair value at beginning of term
Transactional bond investment
Transactional equity instruments
Financial assets assigned to be accounted into current
gain/loss account at fair value
Deductive financial assets
Hedge instrument
Others
Total
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(2) Transactional financial assets with restriction to liquefy
In RMB
Restriction for sale or other material restriction on
Items Amount at end of term
liquefying
(3) Statements on hedge instruments and related tradings
3. Notes receivable
(1) Categories of notes receivable
In RMB
Categories End of term Beginning of term
Bank acceptance 74,955,765.27 255,630,070.43
Commercial acceptance
Total 74,955,765.27 255,630,070.43
(2) Notes receivable under pledge
In RMB
Issuer Date of issue Expired on Amount Note
Total -- -- --
Notes:
(3) Notes transferred to account receivable for the issuer is not able to execute the liability, and notes
endorsed to other parties but are not mature yet at the end of period
In RMB
Issuer Date of issue Expired on Amount Note
Total -- -- --
Notes:
Notes endorsed to other parties but not due
67
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In RMB
Issuer Date of issue Expired on Amount Note
Greatwall Automobile
April 19, 2012 October 19, 2012
Co., Ltd.
Greatwall Automobile
May 21, 2012 November 21, 2012
Co., Ltd.
Greatwall Automobile
May 21, 2012 November 21, 2012
Co., Ltd.
Hebei Changan
May 13, 2012 August 13, 2012
Automobile Co., Ltd.
Greatwall Automobile
June 18, 2012 December 18, 2012
Co., Ltd.
Total -- -- 18,470,000 --
Notes:
Statements on commercial accepted notes already discounted or under pledge.
4. Dividend receivable
In RMB
Items Beginning of term Increased this term Decreased this term End of term
Dividend receivable with
16,000,000 16,000,000
age within 1 year
In which:
Dividend receivable with
age over 1 year
In which: -- -- -- --
Total 16,000,000 16,000,000
Notes:
5. Interest receivable
(1) Interest receivable
In RMB
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Items Beginning of term Increased this term Decreased this term End of term
Total
(2) Overdue interests
In RMB
Loan provided by Days overdue Amount of interests overdue
Total --
(3) Statement on interest receivable
6. Account receivable
(1) Account receivable presented on categories
In RMB
End of term Beginning of term
Categories Book balance Bad debt provision Book balance Bad debt provision
Amount Proportion % Amount Proportion % Amount Proportion % Amount Proportion %
Receivables with
major individual
amount and bad
debt provision
provided
individually
Receivables provided bad debt provision in groups
Receivable
accounts with
greater risks 260,178,647.09 0.97% 14,850,777.59 5.71% 175,125,570.34 95.37% 10,913,774.5 6.23%
after combined
in group
Sub-total of
260,178,647.09 0.97% 14,850,777.59 5.71% 175,125,570.34 95.37% 10,913,774.5 6.23%
group
Account
receivable with 8,500,782.79 0.031639% 8,500,782.79 100% 8,500,782.79 4.63% 8,500,782.79 100%
minor individual
69
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amount but bad
debt provision is
provided
Total 268,679,429.88 -- 23,351,560.38 -- 183,626,353.13 -- 19,414,557.29 --
Remarks on categories of receivable accounts:
According to the business scale and business natures, the Company set the standard at RMB5 million as
receivable accounts with major amount
For receivable accounts with major amounts, if no impairment occurred after test, bad debt provisions shall
be provided according to the percentage of ages
Account receivable without major amount, but with greater risk after combined with accounts with similar
risks, is recognized when there is obvious sign of hard to retrieve and aged over three years.
Receivable accounts with large amount individually and bad debt provisions were provided
[] Applicable; [V] Not applicable
Receivable accounts on which bad debt provisions are provided on age analyze basis in the portfolio
[V] Applicable [] Not applicable
In RMB
End of term Beginning of term
Book balance Book balance
Age
Proportion Bad debt provision Proportion Bad debt provision
Amount Amount
% %
within 1 yr
In which: -- -- -- -- -- --
Subtotal of within
248,184,560.32 92.37% 12,255,995.33 162,718,945.19 92.92% 8,135,947.26
1 year
1-2 years 8,249,903.03 3.07% 824,990.31 2,033,814.27 1.16% 203,381.43
2-3 years 1,458,031.79 0.54% 291,606.36 8,708,328.26 4.97% 1,742,204.5
Over 3 yrs 10,786,934.74 4.01% 9,978,968.39 10,165,265.41 0.95% 9,333,024.1
3-4 years
4-5 years
over 5 yrs
Total 268,679,429.88 -- 23,351,560.38 183,626,353.13 -- 10,913,774.5
Receivable accounts on which bad debt provisions are provided on percentage analyze basis in a portfolio
[] Applicable; [V] Not applicable
Receivable accounts on which bad debt provisions are provided by other ways in the portfolio
[] Applicable; [V] Not applicable
Receivable accounts with minor amount but on which bad debt provisions are provided individually at end of period
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[V] Applicable [] Not applicable
In RMB
Description of the
Book balance Bad debt provision Rate Reason to provide
receivable accounts
Domestic trade Overdue for a long term,
3,411,189.09 3,411,189.09 100%
receivable hard to retrieve
Overdue for a long term,
Overseas trade receivable 5,089,593.7 5,089,593.7 100%
hard to retrieve
Total 8,500,782.79 8,500,782.79 100% --
(2) Receivable accounts written back or retrieved in the report period
In RMB
Bad debt provision
Description of the receivable Reason to write back Basis of original bad Amount written back or
provided before writing
accounts or retrieve debt provision retrieved
back or retrieving
Total -- -- --
Receivable accounts with large amount, or minor amount but on which bad debt provisions are provided individually at end of period
Description of the
Book balance Amount of bad debt Providing rate (%) Reason
receivable accounts
Total -- --
Remarks on receivable accounts with minor single amount but with greater risks after combining with accounts with similar risks:
(3) Receivable accounts actually written off in the report period
In RMB
Name of the Property of the Reason of writing Occurred under
Date of written off Amount written off
companies receivable account off related relationship
Total -- -- -- --
Statement on writing off of receivable accounts.
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(4) Particulars about the receivable accounts due from shareholders with 5% or over of the Company’s
shares
[ ] Applicable [] Not applicable
(5) Top 5 debtors in the receivable accounts
In RMB
Relation with the Portion in total
Name of the companies Amount Ages
Company receivables
Chongqing Changan Grand subsidiary of the
29,791,523.23 Within 1 year 11.09%
Automobile Co., Ltd. controlling shareholder
Greatwall Automobile
28,711,885.33 Within 1 year 10.69%
Co., Ltd.
China Northern Vehicle
26,514,522.38 Within 1 year 9.87%
Co., Ltd.
Chongqing Jianshe
Joint venture of the
YAMAHA Motorcycle 16,359,781.26 Within 1 year 6.09%
Company
Co., Ltd.
Chongqing Changan
Grand subsidiary of the
SUZUKI Automobile 9,597,366.03 Within 1 year 3.57%
controlling shareholder
Co., Ltd.
Total -- 110,975,078.23 -- 41.31%
(6) Account due from related parties
In RMB
Name of the companies Relation with the Company Amount Portion in total receivables
Chongqing Jianshe YAMAHA
Joint ventures 16,359,781.26 6.09%
Motorcycle Co., Ltd.
Chongqing Changan
Under same control 29,791,523.23 11.09%
Automobile Co., Ltd.
Chongqing Changan
SUZUKI Automobile Co., Under same control 9,597,366.03 3.57%
Ltd.
Hebei Changan Under same control 560,710 0.21%
Nanjing Changan Under same control 434,467.92 0.16%
Changhe SUZUKI Under same control 1,065,736.15 0.4%
China Jialin Industry Co., Ltd.
Under same control 46,445 0.02%
(Group) Sales Co.
72
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Jinan Qingqi Under same control 787,400.41 0.29%
Total -- 58,643,430 21.83%
(7) Recognition of receivable accounts terminated
In RMB
Items Amount terminated Gain/loss related to termination
Total
(8) For securitization on receivable accounts, please provide the amount of asset and liability formed by
continuous involving
In RMB
Items At end of term
Assets:
Subtotal of asset
Liabilities:
Subtotal of liabilities
7. Other account receivable.
(1) Other receivable account on categories
In RMB
End of term Beginning of term
Book balance Bad debt provision Book balance Bad debt provision
Categories
Proport Proportio Proportion Proportio
Amount Amount Amount Amount
ion % n% % n%
Other receivables with
major individual amount
3,013,664 10.92% 3,013,664 100% 3,013,664 11.2% 3,013,664 100%
and bad debt provision
provided individually
Other receivables provided bad debt provision in groups
Account receivable
20,465,715.0
without major amount 22,951,700.09 83.15% 1,969,522.45 3.81% 76.03% 1,455,227.37 7.11%
9
but greater risk after
73
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combined into group of
similar risks
20,465,715.0
Sub-total of group 22,951,700.09 83.15% 1,969,522.45 3.81% 76.03% 1,455,227.37 7.11%
9
Other account receivable
with minor individual
1,635,970.21 5.93% 1,635,970.21 100% 3,438,304.32 12.77% 1,635,970.21 47.58%
amount but bad debt
provision is provided
26,917,683.4
Total 27,601,334.3 -- 6,619,156.66 -- -- 6,104,861.58 --
1
Statement on categories of other receivable accounts:
Other receivable accounts with large amount and were provided bad debt provisions individually at end of period.
[] Applicable; [V] Not applicable
Other receivable accounts in the portfolio on which bad debt provisions were provided on age analyze basis
[V] Applicable [] Not applicable
In RMB
At end of term At beginning of term
Book balance Book balance
Age
Proporti Bad debt provision Proporti Bad debt provision
Amount Amount
on % on %
within 1 yr
In which:
Subtotal of within 1 year 14,486,640.27 52.49% 1,107,578.03 15,341,247.02 74.96% 747,108.71
1-2 years 5,886,162.88 21.33% 588,616.29 4,347,905.24 21.25% 434,790.53
2-3 years 383,177.61 1.39% 76,635.52 383,177.61 1.87% 76,635.52
Over 3 yrs 6,845,353.54 24.80% 4,846,326.82 6,845,353.54 1.92% 4,846,326.82
3-4 years
4-5 years
over 5 yrs
Total 27,601,334.30 6,619,156.66 26,917,683.41 -- 6,104,861.58
Other receivable accounts in the portfolio on which bad debt provisions were provided on percentage basis
[] Applicable; [V] Not applicable
Other receivable accounts in the portfolio on which bad debt provisions were provided on other basis
[] Applicable; [V] Not applicable
Other receivable accounts with minor amount but were provided bad debt provisions individually at end of period
74
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[V] Applicable [] Not applicable
In RMB
Description of other
Book balance Bad debt provision Rate Reason to provide
receivables
Not expected to be
1,635,970.21 1,635,970.21 100%
retrievable
Total 1,635,970.21 1,635,970.21 100% --
(2) Other receivable accounts written back or retrieved in the report period
In RMB
Bad debt provision
Description of other Reason to write back Basis of original bad Amount written back or
provided before writing
receivables or retrieve debt provision retrieved
back or retrieving
Total -- -- --
Receivable accounts with large amount, or minor amount but on which bad debt provisions are tested and provided individually at
end of period
Description of the
Book balance Amount of bad debt Providing rate (%) Reason
receivable accounts
Total -- --
Statement on other account receivable with minor amount but with greater risks when combined with other receivable accounts with
similar natures.
(3) Other receivable accounts actually written off in the report period
In RMB
Name of the Reason of writing Occurred under related
Property of account Date of written off Amount written off
companies off relationship
Total -- -- -- --
Statements on writing off of other receivable accounts.
75
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(4) Particulars about the other receivable accounts due from shareholders with 5% or over of the
Company’s shares in the report period
[] Applicable; [V] Not applicable
(5) Natures or contents of other receivable accounts with large amount
In RMB
Nature or content of the
Name of the companies Amount Portion in total other receivables (%)
account
Petty cash 11,191,105.5 Deparment borrowing 25.1%
Chongqing Jianshe YAMAHA
4,061,100.67 9.11%
Motorcycle Co., Ltd.
Total 15,252,206.17 -- 34.21%
Notes:
(6) Top 5 debtors of other receivable accounts
In RMB
Relation with the Portion in total other
Name of the companies Amount Ages
Company receivables (%)
Petty cash Emplyee 11,191,105.5 within 1 yr 25.1%
Chongqing Jianshe
YAMAHA Motorcycle Joint ventures 4,061,100.67 within 1 yr 9.11%
Co., Ltd.
Tax refund receivable None related 3,966,406.32 within 1 yr 8.9%
Shanghai Jianshe
None related 3,013,664 Over 3 yrs 6.76%
Motorcycle Co., Ltd.
Ningbo Jianshe
None related 1,021,664.04 Over 3 yrs 2.29%
Motorcycle Co., Ltd.
Total -- 23,253,940.53 -- 52.15%
(7) Other accounts receivable from related parties
In RMB
Portion in total other receivables
Name of the companies Relation with the Company Amount
(%)
Chongqing Jianshe YAMAHA
Joint ventures 4,061,100.67 9.11%
Motorcycle Co., Ltd.
76
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Total -- 4,061,100.67 9.11%
(8) Termination of other receivable accounts
In RMB
Items Amount terminated Gain/loss related to termination
Total
(9) For securitization on other receivable accounts, please provide the amount of asset and liability formed
by continuous involving
In RMB
Items At end of term
Assets:
Subtotal of asset
Liabilities:
Subtotal of liabilities
8. Prepayment
(1) Prepayment presented by ages:
In RMB
End of term Beginning of term
Age
Amount Ratio (%) Amount Ratio (%)
within 1 yr 106,619,913.93 79.75% 56,866,929.14 67.55%
1-2 years 6,116,031.87 4.57% 24,430,708.59 29.02%
2-3 years 18,314,676.72 1.7% 460,885.35 0.55%
Over 3 yrs 2,637,456.18 1.97% 2,422,184.52 2.88%
Total 133,688,078.7 -- 84,180,707.6 --
Statement on ages of prepayments:
77
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Prepayment overdue for over one year was caused by delay of final settlment with suppliers.
(2) Top 5 receivers of prepayments
In RMB
Relation with the
Name of the companies Amount Date Reason of unsettled
Company
Hong Kong Jiarun
21,428,485.69
Industrial Co., Ltd.
Pangang Group
International Trade Co., 19,426,171
Ltd. Chongqing Branch
(Japan) ORIENT
13,942,740.46
TRADING CO.,LTD.
(German) EMAG Salach
11,271,145.68
Maschinenfabrik GMBH
Chongqing Custom 9,956,885.12
Total -- 76,025,427.95 -- --
Statements on main receivers of prepayments:
(3) Prepayment received by shareholding parties holding 5% or above of the Company’s shares in the
report period
[ ] Applicable [] Not applicable
(4) Statements on prepayments
9. Inventories
(1) Categories of inventory
In RMB
End of term Beginning of term
Items Impairment Impairment
Book balance Book value Book balance Book value
provision provision
Raw materials 56,027,317.1 56,027,317.1 66,917,845.9 66,917,845.9
Product in process 11,513,289.65 11,513,289.65 10,132,546.58 10,132,546.58
Products in stock 264,338,432.81 264,338,432.81 250,596,134.11 250,596,134.11
Material in
78
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circulation
Consumable
biological asset
Total 331,879,039.56 331,879,039.56 327,646,526.59 327,646,526.59
(2) Inventory impairment provision
In RMB
Openning balance of Decreased this term Closing balance of
Categories Provided this term
book value Written back Transferred book value
Raw materials
Product in process
Products in stock
Material in circulation
Consumable biological
asset
Total
(3) Inventory impairment provisions
Percentage of amount written
Basis of providing impairment
Items Reason of written back back in the balance of the
provision
inventory at end of report term
Raw materials
Products in stock
Product in process
Material in circulation
Consumable biological asset
Statement on inventories:
10. Other current assets
In RMB
Items End of term Beginning of term
79
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Total
Statement on other current assets
11. Disposable financial asset
(1) Sellable financial assets
In RMB
Items Fair value at end of term Fair value at beginning of term
Available-for-sale bonds
Available-for-sale equity instruments
Others
Total
For investment held to mature relocated into sellable financial, the amount was RMB, and the percentage in original investment held
to mature.
Statement on sellable financial assets
(2) Long-term liability investment in the sellable financial assets
In RMB
Accumulated
Openning Interest of the interest Closing
Bond items Type of bond Face value Initial costs Expired on
balance period received or balance
receivable
Total -- -- --
Statement on long-term liability investment in the sellable financial assets:
12. Investment held to mature
(1) Investment held to mature
In RMB
Items Closing balance of book value Openning balance of book value
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Total
Statement on investment held to mature:
(2) Investment held to mature disposed in the report period before mature
In RMB
Items Amount Percentage in the total investment before disposed %
Total --
Statement on investment held to mature disposed in the report period before mature:
13. Long-term receivables
In RMB
Categories End of term Beginning of term
Financed rent
Incl: un-realized financial gains
Sales of goods in stallments
Providing of services in stallments
Others
Total
14. Investment in affiliates and joint ventures
In RMB
Voting
Shares power Total Total of Net
Busines Total Total
Legal Register held by of the net turnove profit of
Name of the Owners Reg. s asset at liability
represe ed the Compa asset at r at the
Companies hip type Add. propert end of at end
ntative capital Compa ny in end of current current
y term of term
ny % the term term term
entity %
I. Joint ventures
Manufa
Chongqing
Ltd. Chongqi Teng cturing 158,758 177,490 17,344, 160,146 64,629, 2,042,3
Pingshan Taikai 49% 49%
liability ng Feng and ,676 ,982.91 310.34 ,672.57 942.47 07.19
Carburetor Co., Ltd.
sales of
81
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carburetor
Manufa
cturing
Chongqing Jianshe Lu and 1,128,9 1,139,3
Ltd. Chongqi 379,924 524,408 604,543 16,021,
YAMAHA Hongxi sales of 50% 50% 51,356. 06,509.
liability ng ,998.46 ,244.55 ,111.52 518.92
Motorcycle Co., Ltd. an motorcy 07 1
cles and
parts
Manufa
cturing
Zhuzhou Jianshe Lu and
Ltd. Zhuzho 497,857 701,541 160,683 540,839 465,041 21,986,
YAMAHA Hongxi sales of 50% 50%
liability u ,360 ,640.09 ,522.69 ,279.66 ,476.33 766.44
Motorcycle Co., Ltd. an motorcy
cles and
parts
II. Affiliates
Producti
Chongqing Chen on and
Ltd. Chongqi 10,000, 43,275, 37,664, 5,610,5 48,835, 31,765.
Tongsheng Jianshe Guozho sales of 30% 30%
liability ng 000 046.52 542.56 03.96 812.19 7
Industry Co., Ltd. ng motorcy
cle parts
Cargo
Chongqing Fuda transpor
Lei
Property Ltd. Chongqi tation 2,000,0 4,237,9 4,555,1 -317,24 5,773,3 -585,09
Qianho 20% 20%
Management Co., liability ng and 00 33.36 74.27 0.91 03.36 8.84
ng
Ltd. wareho
using
Statements on material diversity in accounting policies, estimations adopted by the Company and the affiliates:
15. Long-term equity investment
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(1) Details of long-term equity investment
In RMB
Voting Statement on Impairment
Percentage of Cash dividend
Calculating Openning Closing power in differences between Impairment provision
Company invested in Initial costs Changed by share in the of the current
basis balance balance the the shareholding and provision provided this
firm % term
firm % voting rights term
Chongqing Jingjian
On cost
Automobile Air-conditioner 3,200,000 3,200,000 3,200,000 6.74% 6.74% 3,200,000
basis
Co., Ltd.
Ningbo Jianshe Motorcycle On cost
8,160,000 1,140,915.04 1,140,915.04 51% 51% 1,140,915.04
Co., Ltd. basis
Chongqing Southern
On equity
Motorcycle Technologies 20,000,000 20,000,000 20,000,000 16.67% 16.67%
basis
Development Co., Ltd.
Chongqing Jianshe
Warehouse and
On equity
Transportation Co., Ltd. 400,000 53,571.58 53,571.58 20% 20%
basis
(Fuyeda Property
Management Co., Ltd.)
Chongqing Tongsheng On equity
3,000,000 3,194,329.56 9,529.71 3,203,859.27 30% 30%
Jianshe Industry Co., Ltd. basis
Chongqing Pingshan On equity
67,316,539.87 78,069,948.72 979,956.58 79,049,905.3 49% 49%
Taikai Carburetor Co., Ltd. basis
Chongqing Jianshe On equity
154,699,622.03 287,825,602.71 8,010,759.46 295,836,362.17 50% 50%
YAMAHA Motorcycle Co., basis
83
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Ltd.
Zhuzhou Jianshe YAMAHA On equity
215,710,320.08 271,965,573.97 -5,006,616.78 266,958,957.19 50% 50% 16,000,000
Motorcycle Co., Ltd. basis
Total -- 472,486,481.98 665,449,941.58 3,993,628.97 669,443,570.55 -- -- -- 4,340,915.04 16,000,000
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(2) Constrains on the ability to transfer capital to invested entities
In RMB
Constrains on the ability to transfer capital Accumulated investment loss not
Causation of constrain
to long-term invested entities recognized
Statements on long-term equity investment:
16. Investment property
(1) Investment property on cost basis
[] Applicable; [V] Not applicable
(2) Investment property on fair value basis
[] Applicable; [V] Not applicable
State the investment properties which have changed of measurement basis and those which are not licensed yet. State the reason and
expected completion date.
17. Fixed assets
(1) Particulars of fixed assets
In RMB
Openning balance Closing balance of
Items Increased this term Decreased this term
of book value book value
I. Total of original book
1,495,818,938 4,238,370.25 879,694 1,499,177,614.25
value
Incl. House & Buildings 422,850,334.4 422,850,334.4
Equipment & machinery 999,041,979.81 2,580,047.89 1,001,622,027.7
Transportation facilities 16,984,144.08 68,355.54 545,370 16,507,129.62
Others 56,942,479.71 1,589,966.82 334,324 58,198,122.53
Openning balance Increased this Provided current Balance at end of
-- Decreased this term
of book value term term current term
II. Total of accumulative
680,651,145.6 32,543,135.75 795,661.83 712,398,619.52
depreciation
Incl. House & Buildings 38,810,175.99 7,941,996.89 46,752,172.88
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Equipment & machinery 614,497,944.19 17,876,238.53 632,374,182.72
Transportation facilities 10,468,737.78 1,825,750.32 471,367.23 11,823,120.87
Others 16,874,287.64 4,899,150.01 324,294.60 21,449,143.05
Openning balance Balance at end of
-- --
of book value current term
III. Total of net book value
815,167,792.4 -- 786,778,994.73
of fixed assets
Incl. House & Buildings 384,040,158.41 -- 376,098,161.52
Equipment & machinery 384,544,035.62 -- 369,247,844.98
Transportation facilities 6,515,406.3 -- 4,684,008.75
Others 40,068,192.07 -- 36,748,979.48
IV. Total of impairment
--
provisions
Incl. House & Buildings --
Equipment & machinery --
Transportation facilities --
Others --
V. Total of fixed asset book
815,167,792.4 -- 786,778,994.73
value
Incl. House & Buildings 384,040,158.41 -- 376,098,161.52
Equipment & machinery 384,544,035.62 -- 369,247,844.98
Transportation facilities 6,515,406.3 -- 4,684,008.75
Others 40,068,192.07 -- 36,748,979.48
Depreciation of the period was RMB32,543,135.75; transferring of construction-in-process to fixed assets was RMB.
(2) Fixed assets temporarily in idle status
In RMB
Accumulated Impairment
Items Original book value Net book value Note
depreciation: provision
Houses & buildings
Equipment &
machinery
Transportation
facilities
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(3) Fixed assets leased by finance
[] Applicable; [V] Not applicable
(4) Fixed assets leased out on fiance
[V] Applicable [] Not applicable
In RMB
Categories Closing book value
Houses & buildings 20,777,264.08
Equipment & machinery
Transportation facilities
(5) Fixed assets held for sale at end of period
In RMB
Predicted disposal
Items Book value fair value Predicted disposal date
expense
(6) Fixed asset not licensed yet
Items Reason for not granted Expected date of grant
Statements on fixed assets”
18. Construction-in-process
（1）
In RMB
End of term Beginning of term
Items Book Impairment Book Impairment Book
Book value
balance provision balance provision value
Upgrading and reconstruction of
2,442,996.82 2,442,996.82 106,999 106,999
equipment
Parking lot 399,820.15 399,820.15 399,820.15 399,820.15
Chemical-physical Lab 139,000 139,000 131,000 131,000
Total 2,981,816.97 2,981,816.97 637,819.15 637,819.15
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(2) Material change in construction-in-progress
In RMB
Including: Capitalizing
Transferred Accumulate
Beginning of Increased this Other Investment on interest ratio of
Projects Budget into fixed Progress of interest Fund recourse End of term
term term decreases budget (%) capitalized interest of the
assets capitalized
this term period
Total -- -- -- --
Statements on change of construction-in-process:
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(3) Impairment provisions of construction-in-process
In RMB
Items Beginning of term Increased this term Decreased this term End of term Reason to provide
Total --
(4) Progress of material construction-in-process
Items Progress Note
(5) Statement on construction-in-process
19. Project material
In RMB
Items Beginning of term Increased this term Decreased this term End of term
Total
Statement on project material:
20. Liquidation of fixed assets
In RMB
Items Openning book value Closing book value Reason of liquidation
Total --
Progress of fixed assets turn to be liquidated for over one year:
21. Production biological assets
(1) On costs
[] Applicable; [V] Not applicable
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(2) On fair value
[] Applicable; [V] Not applicable
22. Petrolum assets
In RMB
Openning balance of Closing balance of book
Items Increased this term Decreased this term
book value value
I. Total of original book
value
1. Rights on proved mine
field
2. Rights on unproved mine
field
3. Wells and facilities
II. Total of accumulative
depreciation
1. Rights on proved mine
field
2. Wells and facilities
III. Total of accumulative
impairment provision on
petrolum assets
1. Rights on proved mine
field
2. Rights on unproved mine
field
3. Wells and facilities
IV. Total of book value of
petrolum assets
1. Rights on proved mine
field
2. Rights on unproved mine
field
3. Wells and facilities
Statements on petrolum assets:
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23. Intangible assets
(1) Profiles of intangible assets
In RMB
Openning balance of Closing balance of book
Items Increased this term Decreased this term
book value value
I. Total of original book
137,714,590.27 12,442.53 0 137,727,032.8
value
Land using right 104,684,967.83 12,442.53 104,697,410.36
Non-patent technologies 33,029,622.44 33,029,622.44
II. Total of accumulative
23,546,824.18 4,123,768.88 0 27,670,593.06
amortizing
Land using right 13,775,418.09 954,142.02 14,729,560.11
Non-patent technologies 9,771,406.09 3,169,626.86 12,941,032.95
III. Total of book net value
114,167,766.09 12,442.53 4,123,768.88 110,056,439.74
of intangible assets
Land using right 90,909,549.74 12,442.53 954,142.02 89,967,850.25
Non-patent technologies 23,258,216.35 3,169,626.86 20,088,589.49
IV. Total of impairment
0 0 0 0
provisions
Land using right
Non-patent technologies
Total of book value of
114,167,766.09 12,442.53 4,123,768.88 110,056,439.74
intangible assets
Land using right 90,909,549.74 12,442.53 954,142.02 89,967,850.25
Non-patent technologies 23,258,216.35 3,169,626.86 20,088,589.49
Amortized this period is RMB.
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(2) R&D expenses
In RMB
Decreased this term
Beginning of Increased this
Items Accounted into current income Recognized as intangible End of term
term term
account asset
MQA002-R 185,445.84 22,350.45 207,796.29
Jianshe/ODM-11 1,426,282.54 1,426,282.54
Junxinzi0804-1 2,668,458.12 2,668,458.12
Minxinzi 0702 4,322,872.41 4,322,872.41
Minxinzi 0712 2,829,051.34 2,829,051.34
Minxinzi 0713-1 1,100,592.67 1,100,592.67
Xinzi0602 177,311.04 177,311.04
Xinzi0713 2,441,442.87 46,812.68 2,488,255.55
Xinzi0801 2,693,522.72 173,149.08 2,866,671.8
Xinzi0802 2,047,606.04 2,047,606.04
Xinzi0803 2,408,684.88 149,892 2,558,576.88
Xinzi0804 1,739,759.45 1,327,498.44 3,067,257.89
Xinzi0810 3,857.3 3,857.3
Xinzi0812 5,535,135.95 5,535,135.95
Xinzi0815 660,229.92 660,229.92
Xinzi0817 662,644.45 662,644.45
Xinzi0910 2,967.08 -2,967.08 0
Xinzi10【CDG01】 1,212,220.59 276,420.1 1,488,640.69
Xinzi10【CDG02】 661,092.38 235,836.37 896,928.75
Xinzi10【CDL01】 213,672.74 213,672.74
Xinzi10【CFQ03】 269,595.89 269,595.89
Xinzi10【CFZ01】 418,890.69 1,975,552.81 2,394,443.5
Xinzi1001【CQB01】 258,194.5 258,194.5
Xinzi1001【CQD01】 118,339.5 118,339.5
Xinzi1001【CQE01】 255,930.24 255,930.24
Xinzi1001【CQE02】 204,091.13 204,091.13
Xinzi10-1【CSE01】 1,935,770.57 1,935,770.57
Xinzi11【MT2501】 535,504.45 268,046.21 803,550.66
Xinzi11【MTA001】
128,522.19 1,204.07 129,726.26
-R
Xinzi0813 196.08 196.08
Xinzi0801-1 195,412.13 195,412.13
Minxinzi0711 1,782,264.45 1,782,264.45
Minxinzi0704-1 457,282 457,282
Minxinzi0703-1 1,089,168.04 1,089,168.04
Others 103,134.08 103,134.08
Total 40,642,012.19 4,576,929.21 0 0 45,218,941.4
Development expenses of the period accounted for 20.39% of the total R&D expenses.
Intangible asset formed by internal R&D of the period accounted for 18.25% of the total book value of intangible assets.
Statement on R&D projects, including single account over RMB1 million basing on evaluation results. Please provide the evaluation
body and basis of evaluation.
(3) Uncertificated intangible assets
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24. Goodwill
In RMB
Impairment
Name of the companies or Decreased this
Openning balance Increased this term Closing balance provision at
goodwill item term
end of term
Total
Statement of basis for impairment testing and provision of goodwill.
25. Long-term expenses to be amortized
In RMB
At beginning of Increased this Amortized this Reason of other
Items Other decrease At end of term
term term term decreasing
Module expenses 3,079,034.88 1,178,846.25 1,187,277.49 416,096.87 2,654,506.77
83 machine
technical initial 8,879,136.96 691,704.96 8,187,432
fee
Total 11,958,171.84 1,178,846.25 1,878,982.45 416,096.87 10,841,938.77 --
Statement on long-term amortizable expenses:
26. Deferred income tax asset and deferred income tax liabilities
(1) Deferred income tax assets and liabilities are not presented as net amount after neutralization
[V] Applicable [] Not applicable
Deferred income tax assets and liabilities already recognized
In RMB
Items End of term Beginning of term
Differed income tax assets:
Asset impairment provision 3,695,408.84 3,695,408.84
Openning expenses
Neutralizable losses
Subtotal 3,695,408.84 3,695,408.84
Differed income tax liabilities:
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Evaluation of transactional financial instruments
and derivate financial instruments
Fluctuation of fair value of disposable financial
assets accounted into capital reserves
Sub-total
Details of un-recognized deferred income tax assets
In RMB
Items End of term Beginning of term
Deductible provisional differences 15,001,435.47 12,201,297.9
Neutralizable losses 698,715,427.07 698,715,427.07
Total 713,716,862.54 710,916,724.97
Deductible losses of the un-recognized deferred income tax asset will expire in the following years
In RMB
Year End of term Beginning of term Note
2011
2012 29,135,673.18 29,135,673.18
2013 211,366,725.94 211,366,725.94
2014 144,543,012.31 144,543,012.31
2015 75,337,093.67 75,337,093.67
2016 238,332,921.97 238,332,921.97
Total 698,715,427.07 698,715,427.07 --
Details of taxable differences and deductible differences
In RMB
Amount of temporary differences
Items
At end of term At beginning of term
Differences in taxable items
Sub-total
Neutralizable different items
Asset impairment provision 17,659,036.01 17,659,036.01
Sub-total 17,659,036.01 17,659,036.01
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(2) Deferred income tax assets and liabilities are presented as net amount after neutralization
[] Applicable; [V] Not applicable
Statement on deferred income tax assets and liabilities:
27. Detail of asset impairment provision
In RMB
Decreased this term
Openning balance of Increased this Closing balance of
Items Written
book value term Transferred book value
back
I. Bad debt provision 25,519,418.87 4,451,298.17 29,970,717.04
II. Inventory impairment provision
III. Disposable financial asset impairment
provision
IV. Investment equity hold till expiring
impairment provision
V. Long-term equity investment impairment
4,340,915.04 4,340,915.04
provision
VI. Property investment impairment
provision
VII. Fixed asset impairment provision
VIII. Project material impairment provision
IX. Construction in process impairment
provision
X. Production biological material asset
impairment provision
Incl. Mature production biological
material asset impairment provision
XI. Gas & oil asset impairment provision
XII. Intangible asset impairment provision 0 0 0
XIII. Goodwill impairment provision
XIV. Other
Total 29,860,333.91 4,451,298.17 0 0 34,311,632.08
Statement on details of asset impairment:
28. Other non-current assets
In RMB
Items End of term Beginning of term
Balance of difference of debit of Shanghai
Jianshe Motorcycle Co., Ltd. under original 1,020,000 1,224,000
accounting policies
Total 1,020,000 1,224,000
Statement on other non-recurring assets
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29. Short-term loans
(1) Categories of short-term loans
In RMB
Items End of term Beginning of term
Loan by pledge 14,262,191.98 43,712,513.1
Mortgage loan 34,000,000 74,000,000
Guarantee loan 171,500,000 215,720,000
Credit loan 578,000,000 553,000,000
Total 797,762,191.98 886,432,513.1
Statement on categories of short-term loans.
(2) Short-term loans expired but not repaid
In RMB
Loan provided by Amount of loan Interest rate Usage of loan Reason of overdue Scheduled repaying date
Total -- -- -- --
Repaid in post-balance-sheet period.
Statement on short-term loans, including due but extended. Please provide the extending conditions and extended expiration date.
30. Transactional financial liabilities
In RMB
Items Fair value at end of term Fair value at beginning of term
Transactional bonds issued
Financial liabilities accounted on fair value and
the fluctuations accounted into current gain/loss
account
Deductive financial liability
Other financial liabilities
Total
Statement on transactional financial liabilities
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31. Notes payable
In RMB
Categories End of term Beginning of term
Commercial acceptance
Bank acceptance 585,306,600 182,052,500
Total 585,306,600 182,052,500
Amount will mature in next period is RMB
Statement on notes payable:
32. Account payable
（1）
In RMB
Items End of term Beginning of term
Trade payable 444,306,292.13 493,041,465.91
Total 444,306,292.13 493,041,465.91
(2) Account payable to shareholders holding 5% or over of the Company’s shares in the report period
[ ] Applicable [] Not applicable
Statement on payable accounts due for over one year.
33. Accounts received in advance
（1）
In RMB
Items End of term Beginning of term
Trade collected in advance 57,161,800.61 90,848,770.88
Total 57,161,800.61 90,848,770.88
(2) Prepayment collected from shareholders holding 5% or over of the Company’s shares in the report
period.
[ ] Applicable [] Not applicable
Statement on large amount prepayment received and due for over one year.
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34. Wage payable
In RMB
Openning balance of Closing balance of book
Items Increased this term Decreased this term
book value value
I. Wage, bonus,
1,006,698.8 49,945,944.47 50,647,944.61 304,698.66
allowances
II. Employees
55,200.88 7,331,733.39 7,356,913.25 30,021.02
welfare
III. Social security 213,135.95 16,409,882.2 16,565,228.45 57,789.7
Medical insurance 28,980.8 5,274,577.24 5,276,325.95 27,232.09
Basic pension 71,706.78 9,543,581.34 9,607,528.2 7,759.92
Annual fee 98,692.62 495,658.03 585,658.03 8,692.62
Unemployment
7,089.91 664,304.13 664,196.59 7,197.45
insurance
Labor injury
3,872.09 331,260.11 331,081.83 4,050.37
insurance
Breeding insurance 2,793.75 100,501.35 100,437.85 2,857.25
IV. Housing fund 20,655.24 5,455,503.71 5,451,201.71 24,957.24
V. Dismissing
746,491.48 746,491.48
welfare
VI. Others 0 1,277,623.4 1,277,623.4 0
Others 1,277,623.4 1,277,623.4
Total 1,295,690.87 81,167,178.65 82,045,402.9 417,466.62
Illegal delay of payment to employees among the remunerations payable.
工会经费和职工教育经费金额 55,200.88，非货币性福利金额，因解除劳动关系给予补偿 746,491.48。
Arrangement of distributing the wages payable:
35. Tax payable
In RMB
Items End of term Beginning of term
VAT -5,508,145.1 -6,251,755.49
Consumption tax 136,636,810.73 138,744,669.34
Business tax 1,362,412.64 1,372,470.21
Enterprise income tax -12,292,552.33 -12,292,552.33
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Personal income tax
City maintenance and construction tax 96,609.95 396,464.68
Education surtax 124,177.76 -1,028
Other taxes -77,455.01 76,982.92
Total 120,341,858.64 122,045,251.33
Statement on tax payable. Please provide the calculating processes when taxable income is balanced between branch companies or
factories as approved by the Tax Bureau.
36. Tax disbursable
In RMB
Items End of term Beginning of term
Long-term loan interest with instalments
Interest of company bond
Short-term borrowing interests payable
Total
Statement on interest payable:
37. Dividend payable
In RMB
Name of the companies End of term Beginning of term Reason of overdue for one year
Total --
Statement on dividend payable
38. Other account payable.
（1）
In RMB
Items End of term Beginning of term
Deposit 7,916,005.3 11,124,570.02
Stipulated fee 22,695,176.62 20,136,516.64
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Others 4,363,039.03 13,728,056.24
Total 34,974,220.95 44,989,142.9
(2) Other account payable due to shareholders with 5% or over of the Company’s shares in the report
period
[ ] Applicable [] Not applicable
(3) Statement on large amount other payable accounts due for over one year
(4) Statement on large amount other payable accounts
39. Anticipated liabilities
In RMB
Items Beginning of term Increased this term Decreased this term End of term
Providing of external
guarantees
Unsettled lawsuit
Quality warranty
Reconstruction liabilities
Dismissing policy
Loss contract to be
executed
Others
Total
Statement on anticipated liabilities:
40. Non-current liabilities due in one year
（1）
In RMB
Items End of term Beginning of term
Long-term loans due in 1 year 273,400,000 115,400,000
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Bond payable due in 1 year
Long-term payable due in 1 year
Total 273,400,000 115,400,000
(2) Long-term loans due in 1 year
Long-term loans due in 1 year
In RMB
Items End of term Beginning of term
Loan by pledge
Mortgage loan
Guarantee loan 273,400,000 115,400,000
Credit loan
Total 273,400,000 115,400,000
Among the long-term loans due in 1 year, the loans overdue but extended is amounted to RMB.
Top 5 long-term loans due in 1 year
In RMB
End of term Beginning of term
Loan Commence Terminate Interest Amount of Amount of Amount of Amount of
Currency
provided by date date rate % foreign original foreign original
currency currency currency currency
Chongqing
Jianshe
Jun 3, 2011 Jun 2, 2013 CNY 6.4% 48,500,000 50,000,000
Motorcycle
Co., Ltd.
Chongqing
Jianshe
Feb 23, 2010 Feb 23, 2013 CNY 5.08% 48,000,000 50,000,000
Motorcycle
Co., Ltd.
Chognqing
Jianshe
Automobile
Air-condition Dec 28 2009 Dec 28, 2012 CNY 5.4% 47,000,000 50,000,000
er
Compressor
Co., Ltd.
Chognqing August 30,
Jul 11, 2012 CNY 5.4% 38,500,000 40,000,000
Jianshe 2010
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Automobile
Air-condition
er
Compressor
Co., Ltd.
Chongqing
Jianshe March 10,
Mar 10, 2013 CNY 6.1% 34,000,000 40,000,000
Motorcycle 2011
Co., Ltd.
Total -- -- -- -- -- 216,000,000 -- 230,000,000
Overdue loans among the long-term borrowings due in one year:
In RMB
Annual interest Reason for Scheduled
Loan provided by Total Amount Date of mature Usage of loan
rate % overdue repaying date
Total -- -- -- -- --
Amoung repaid in post-balance-sheet day.
Statement on long-term loans due in 1 year:
(3) Bonds payable due in 1 year
In RMB
Interest Interest
Interest
Date of Issuing payable at Interest paid payable at Closing
Bond Face value Bond term occurred
issue amount beginning this period end of balance
this period
of period period
Statement on bond payable due in one year:
(4) Long-term payable account due in 1 year
In RMB
Loans from Term Initial amount Interest rate % Interest payable Closing balance Condition
Statement on long-term payable due in one year:
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41. Other current liability
In RMB
Items Closing balance of book value Openning balance of book value
Total
Statement on other current liabilities
42. Long-term loans
(1) Categories of long-term loans
In RMB
Items End of term Beginning of term
Loan by pledge 194,000,000 195,200,000
Mortgage loan
Guarantee loan 93,000,000 271,500,000
Credit loan
Total 287,000,000 466,700,000
Statement on categories of long-term loans:
(2) Top 5 long-term loans
In RMB
End of term Beginning of term
Loan Commence Terminate Interest Amount of Amount of Amount of Amount of
Currency
provided by date date rate % foreign original foreign original
currency currency currency currency
Chognqing
Jianshe
Automobile
February 1,
Air-condition Feb 1, 2014 CNY 5.9% 68,200,000 70,000,000
2011
er
Compressor
Co., Ltd.
Chongqing
Jun 3, 2011 Jun 2, 2013 CNY 6.4% 48,500,000 50,000,000
Jianshe
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Motorcycle
Co., Ltd.
Chognqing
Jianshe
Automobile
Air-condition Aug 18, 2010 Aug 17, 2013 CNY 4.86% 48,500,000 50,000,000
er
Compressor
Co., Ltd.
Chognqing
Jianshe
Automobile
Air-condition Dec 28, 2010 Dec 27, 2013 CNY 5.265% 48,500,000 50,000,000
er
Compressor
Co., Ltd.
Chongqing
Jianshe
Feb 23, 2010 Feb 23, 2013 CNY 5.08% 48,000,000 50,000,000
Motorcycle
Co., Ltd.
Total -- -- -- -- -- 261,700,000 -- 270,000,000
Statement on long-term loans. For long-term loans overdue but extended for another period, please provide the conditions, principal,
interest rate, and repayment arrangement.
43. Bond payable
In RMB
Interest Interest
Interest
Date of Issuing payable at Interest paid payable at Closing
Bond Face value Bond term occurred
issue amount beginning this period end of balance
this period
of period period
Statement on bonds payable, including the condition and time of converting of the convertible bonds.
44. Long term payables
(1) Top 5 long-term payables
In RMB
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Parties Term Initial amount Interest rate % Interest payable Closing balance Condition
(2) Details of finance leasing payments in long-term payables
In RMB
End of term Beginning of term
Parties
Foreign Currency RMB Foreign Currency RMB
Total
Amount of guarantees provided individual 3rd-parties was RMB.
Statement on long-term payables:
45. Special payables
In RMB
Beginning of Increased this Decreased this
Items End of term Remarks
term term term
Others 738,000 738,000
Total 738,000 738,000 --
Statement on special payable accounts:
46. Other non-current liabilities
In RMB
Items Closing balance of book value Openning balance of book value
Total
Statement on other non-current liabilities, including asset-related and income-related government subsidy and closing balances:
47. Capital Share
In RMB
Changed in the report period (+,-)
Beginning of
Issuing of new Transferred End of term
term Bonus shares Others Sub-total
shares from reserves
105
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Total of capital
477,500,000 477,500,000
shares
Statement of change in capital shares. Name of CPA and number of verification report shall be provided if capital increasing or
decreasing occurred in the report period; as for shareholding limited companies incorporated for less than three years, only net asset
is required for the years prior to incorporation; for shareholding limited companies reformed from limited companies shall provide
the capital verification at incorporation.
48. Shares in stock
Statement on shares in stock
49. Special reserves
Statement on special reserves
50. Capital reserves
In RMB
Items Beginning of term Increased this term Decreased this term End of term
Capital premium (share capital
344,407,741.07 344,407,741.07
premium)
Other capital reserves 258,772,776.52 258,772,776.52
Total 603,180,517.59 603,180,517.59
Statement on capital reserves:
51. Surplus reserves
In RMB
Items Beginning of term Increased this term Decreased this term End of term
Statutory surplus reserves 125,686,000 125,686,000
Optional surplus reserves
Preserved fund
Enterprise development fund
Others
Total 125,686,000 125,686,000
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Statement on surplus reserves. Please state the related resolutions of the Board on capitalizing of reserves, making up losses, and
dividends.
52. Providing of common risk provisions
Statement on common risk provisions
53. Retained profit
In RMB
At end of term At beginning of term
Percentage of Percentage of
Items
Amount drawing or Amount drawing or
allocation allocation
Adjustment on retained
-- --
profit of previous year
Total of retained profit at
beginning of year adjusted
-- --
(+ for increase, - for
decrease)
Retained profit adjusted at
-919,900,424.03 -- -731,457,938.07 --
beginning of year
Plus: Net profit attributable
to owners of the parent -33,707,653.7 -- -188,442,485.96 --
company
Less: Statutory surplus
reserves
Optional surplus reserves
Common risk provisions
Common share dividend
payable
Common share dividend
transferred to capital share
Retained profit at the end of
-953,608,077.73 -- -919,900,424.03 --
term
Details about adjustment of retained profit at beginning of year:
1) Retrospective adjustment due to adopting of the Enterprise Accounting Standard and related regulations, included the retained
107
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
profit by RMB0.
2) Variation of accounting policies, influenced the retained profit by RMB0.
3) Correction of material accounting errors, influenced the retained profit by RMB0.
4) Change of consolidation range caused by merger of entities under common control, influenced the retained profit by RMB0.
5) Other adjustment influenced the retained profit by RMB0.
Statement on retained profit: for companies issued their securities for the first time, if the accumulated profit before the issuing is
shared by the new and existing shareholders as approved by the shareholders meeting, shall be described particularly; if the
accumulated profit before the issuing is shared only by existing shareholders as approved by the shareholders meeting, the Company
shall provide the details of dividend payable to the existing shareholders as audited by CPA.
54. Operational revenue and costs
(1) Operation incomes and costs
In RMB
Items Occurred current term Occurred in previous term
Major business turnover 899,950,333.01 1,356,709,772.34
Other business income 68,908,260.62 14,732,790.16
Operation cost 814,535,168.88 1,187,779,750.98
(2) Business segments (on industries)
[V] Applicable [] Not applicable
In RMB
Occurred current term Occurred in previous term
Name of industry
Turnover Operation cost Turnover Operation cost
Industry 899,950,333.01 765,044,914.66 1,356,709,772.34 1,179,902,468.73
Total 899,950,333.01 765,044,914.66 1,356,709,772.34 1,179,902,468.73
(3) Business segments (on products)
[V] Applicable [] Not applicable
In RMB
Occurred current term Occurred in previous term
Products or services
Turnover Operation cost Turnover Operation cost
Motorcycle and parts 633,626,513.96 535,339,578.16 947,257,757.99 850,258,184.82
Vehicle air conditioner 266,323,819.05 229,705,336.5 409,452,014.35 329,644,283.91
Total 899,950,333.01 765,044,914.66 1,356,709,772.34 1,179,902,468.73
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
(4) Business segments (on regions)
[V] Applicable [] Not applicable
In RMB
Occurred current term Occurred in previous term
Name of districts
Turnover Operation cost Turnover Operation cost
North 106,393,837.49 93,217,660.68 196,566,591.63 157,783,743.12
East 81,191,969.24 71,254,472.91 94,301,949.69 84,236,035.54
Mid-south 52,841,162.17 46,325,295.45 53,781,557.43 49,664,848.15
South-west 403,423,014.5 324,683,670.25 705,058,225.77 611,777,939.07
North-east 43,291,987.47 37,652,801.57 50,808,996.82 47,162,652.46
North-west 35,775,716.14 31,052,009.45 50,341,462.78 47,088,048.72
South 32,505,376.53 27,692,076.43 45,719,211.85 42,392,161.43
Overseas sales 144,527,269.47 133,166,927.92 160,131,776.37 139,797,040.24
Total 899,950,333.01 765,044,914.66 1,356,709,772.34 1,179,902,468.73
(5) Revenue from top five customers
In RMB
Name of clients Major business turnover Percentage in total turnover of the Company %
Chongqing Jianshe YAMAHA
56,911,295.71 6.32%
Motorcycle Co., Ltd.
Chongqing Changan SUZUKI
59,194,518.39 6.58%
Automobile Co., Ltd.
Greatwall Automobile Co., Ltd. 46,487,519.3 5.17%
Chongqing Changan Automobile
44,258,731.29 4.92%
Co., Ltd.
Jiangxi Changhe SUZUKI
17,427,064.03 1.94%
Automobile Co., Ltd.
Total 224,279,128.72 24.92%
Statement on revenue.
55. Income from contract projects
[] Applicable; [V] Not applicable
Statement on contract projects:
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
56. Business tax and surcharge
In RMB
Occurred in previous
Items Occurred current term Rate
term
Consumption tax 8,985,422.43 14,668,068.89
Business tax 231,664.29 223,445.82
City maintenance and construction
1,319,859.64 2,271,168.17
tax
Education surtax 992,311.88 1,142,798.43
Resource tax
Total 11,529,258.24 18,305,481.31 --
Statement on operation tax and surcharges:
57. Income from fair value fluctuation
In RMB
Source of income from fluctuation of fair value Occurred current term Occurred in previous term
Transactional financial assets
Incl. Gains from fluctuation of fair value of derivate
financial instruments
Trade off financial liabilities
Investment property measured at fair value
Others
Total
Statement on fluctuation of fair value:
58. Investment income
(1) Details of investment gains
In RMB
Items Occurred current term Occurred in previous term
Long-term equity investment gains on cost basis
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Long-term equity investment gains on equity basis 19,789,628.97 24,048,088.9
Investment gains from disposal of long-term equity
investment
Investment gains in the period of holding
transactional financial assets
Gains from investment held to mature in the period
of holding
Investment gains in period of holding disposable
financial assets
Investment gains from disposal of transactional
financial assets
Investment gains from investment held to mature
Gains from sellable financial assets and similar
Others
Total 19,789,628.97 24,048,088.9
(2) Long-term equity investment gains on cost basis
In RMB
Occurred in previous
Company invested in Occurred current term Causation of change
term
Total --
(3) Long-term equity investment gains on equity basis
In RMB
Occurred in previous
Company invested in Occurred current term Causation of change
term
Chongqing Tongsheng Jianshe Industry
9,529.71 355,921.84
Co., Ltd.
Chongqing Pingshan Taikai
979,956.58 2,406,795.84
Carburetor Co., Ltd.
Chongqing Jianshe YAMAHA
8,010,759.46 7,008,121.73
Motorcycle Co., Ltd.
Zhuzhou Jianshe YAMAHA
10,993,383.22 14,481,249.49
Motorcycle Co., Ltd.
Shanghai Jianshe Motorcycle Co., Ltd. -204,000 -204,000
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Total 19,789,628.97 24,048,088.9 --
Statement on investment gains, please state whether or not there are material constrains on retrieving of investment gains.
59. Asset impairment loss
In RMB
Items Occurred current term Occurred in previous term
I. Bad debt loss 4,451,298.17 3,423,156.11
II. Inventory impairment loss
III. Disposable financial asset impairment
IV. Impairment loss from investment held till expiration
V. Impairment loss from long-term stock investment
VI. Property investment impairment loss
VII. Fixed asset impairment loss
VIII. Engineering goods impairment loss
IX. Construction-in-process impairment loss
X. Production goods impairment loss
XI. Gas and fuel asset impairment loss
XII. Intangible asset impairment loss
XIII. Goodwill impairment loss
XIV. Other
Total 4,451,298.17 3,423,156.11
60. Non-business income
（1）
In RMB
Items Occurred current term Occurred in previous term
Total of gains from disposal of non-current assets 6,410.26
Incl. Gains from disposal of fixed assets 6,410.26
Gains from disposal of intangible assets
Gains from debt reorganization
Gains from exchange of non-monetary assets
Donation received
Government subsidy 122,200 1,315,524.6
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Others 258,169.83 305,349.33
Total 380,369.83 1,627,284.19
(2) Details of government subsidies
In RMB
Items Occurred current term Occurred in previous term Remarks
Social security fund, Chongqing
108,600 1,315,524.6
Bureau of Finance
Fund for international marketing 11,200
Industrial support fund 2,400
Total 122,200 1,315,524.6 --
Statement on non-operational income
61. Non-operational expenditures
In RMB
Items Occurred current term Occurred in previous term
Total of loss from disposal of non-current assets 73,623.94 34,263.43
Incl. Loss from disposal of fixed assets
Loss from disposal of intangible assets
Losses from debt restructuring
Loss from exchange of non-monetary assets
Donations 150,000
Others 83,575.85 316,256.85
Total 157,199.79 500,520.28
Statement on non-operational expenditures:
62. Income tax expenses
In RMB
Items Occurred current term Occurred in previous term
Income tax calculated according to the law and regulations of
current term
Adjustment of differed income tax -760,147.53
Total -760,147.53
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
63. Calculation of basic earning per share and diluted earning per share
64. Other miscellaneous income
In RMB
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
Adjustment converted to initially recognized amount of
hedging subject
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
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Total
Statement on other misc income
65. Notes to the cash flow statement
(1) Other cash inflow related to operation
In RMB
Items Amount
Interest income 272,878.92
Others 4,870,436.77
Total 5,143,315.69
Statement on other cash inflow related to operation
(2) Other cash paid related to operation
In RMB
Items Amount
Operation fees such as freight, warehousing fees 15,763,943.28
Administrative expenses such as office expenses and traveling expenses 5,630,812.5
Others 21,032,982.67
Total 42,427,738.45
Statement on other cash paid related to operation
(3) Other cash received related to investment
In RMB
Items Amount
Others 8,035,069.11
Total 8,035,069.11
Statement on other cash received related to investment
(4) Other cash paid related to investment
In RMB
Items Amount
115
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Total
Statement on other cash paid related to investment
(5) Other cash received related to financing
In RMB
Items Amount
Financial note discount received 116,824,807.47
Increase of note deposit 250,526,026.36
Total 367,350,408.84
Statement on other cash received related to financing
(6) Other cash paid related to financing
In RMB
Items Amount
Payment of due financing notes 104,352,500
Others 56,567,269.62
Total 160,919,769.62
Statement on other cash paid related to financing
66. Supplementary data of cash flow statement
(1) Supplementary data of cash flow statement
In RMB
Supplementary Info. Amount of the Current Term Amount of the Previous Term
1. Net profit adjusted to cash flow of business operation -- --
Net profit -33,035,241.44 800,626.19
Plus: Asset impairment provision 4,451,298.17 3,423,156.11
Fixed asset depreciation, gas and petrol depreciation,
28,976,264.33 27,106,557.49
production goods depreciation
Amortizing of intangible assets 4,829,658.15 2,792,186.2
Amortizing of long-term expenses 1,878,982.45 3,633,319.24
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Loss from disposal of fixed assets, intangible assets, and
3,721.35 27,853.17
other long-term assets (“-“ for gains)
Loss from fixed asset discard (“-“ for gains)
Loss from fair value fluctuation (“-“ for gains)
Financial expenses (“-“ for gains) 58,650,249.34 35,556,761.37
Investment losses (“-“ for gains) -19,789,628.97 -24,048,088.9
Decrease of deferred income tax asset (“-“ for increase) -760,147.53
Increase of deferred income tax liability (“-“ for decrease)
Decrease of inventory (“-“ for increase) -4,232,512.97 22,078,055.04
Decrease of operational receivable items (“-“ for increase) 38,885,299.13 -22,232,125.11
Increase of operational payable items (“-“ for decrease) -121,666,603.8 -80,246,461.92
Others
Cash flow generated by business operation, net -41,048,514.26 -31,868,308.65
2. Major investment and financing operation not involving
-- --
with cash
Liabilities converted to capital
Convertible bond expire in 1 year
Fixed assets leased through financing
3. Net change of cash and cash equivalents -- --
Balance of cash at period end 144,852,598.42 200,424,850.56
Less: Initial balance of cash 200,424,850.56 248,884,345.21
Plus: Balance of cash equivalents at the period end
Less: Initial balance of cash equivalents
Net increasing of cash and cash equivalents -16,225,808.46 -48,459,494.65
(2) Information about acquisition or disposal of subsidiaries or businesses
In RMB
Supplementary Info. Occurred current term Occurred in previous term
I. Acquisition of subsidiaries and businesses -- --
1. Price to acquire subsidiaries and other businesses
2. Cash and cash equivalents paid to acquire subsidiaries or
businesses
Less: Cash and cash equivalents held by the
subsidiaries and other businesses
3. Net cash paid for acquiring of subsidiaries and other
117
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
businesses
4. Net asset of subsidiaries acquired
Current Assets
Non-current assets
Current Liabilities
Non-current liabilities
II. Disposal of subsidiaries and businesses -- --
1. Price to dispose subsidiaries and other businesses
2. Cash and cash equivalents received from disposal of
subsidiaries or businesses
Less: Cash and cash equivalents held by the
subsidiaries and other businesses
3. Net cash received for disposal of subsidiaries and other
businesses
4. Net asset of subsidiaries disposed
Current Assets
Non-current assets
Current Liabilities
Non-current liabilities
(3) Composition of cash and cash equivalents
In RMB
Items End of term Beginning of term
I. Cash 144,852,598.42 200,424,850.56
Incl: Cash in stock 122,830.28 124,504.75
Bank savings could be used at any time 144,729,768.14 160,953,902.13
Other monetary capital could be used at any time
Usable money in Central Bank
Money saved in associated financial bodies
Money from associated financial bodies
II. Cash equivalents
Incl. Bond investment due in 3 months
III. Balance of cash and cash equivalents at end of term 144,852,598.42 161,078,406.88
Statement on supplementary information of cash flow statement
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Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
67. Notes to statement of change in owners’ equity
Please state the names and adjusted amount of the items of previous year, and retrospective adjustment on merger of entities under
common control.
(VIII) Accounting treatment of capital securitilizing
1. Please state the main trade arrangement, accounting treatment, and bankrupcy isolating terms of capital
securitilizing.
2. Entities on which the Company has no control power but undertake the risks
In RMB
Total asset at end Total liability at Net asset at end Turnover of the Net profit of the
Name Note
of term end of term of term period current term
(IX) Related parties and transactions
1. Parent companies of the Company
In RMB
Share of Voting
Ultimate
Name of Legal the parent power of
Relationsh Ownership Business Registered holder of Organizati
the parent Reg. Add. representat co. in the the parent
ip type property capital the on code
co. ive Company company
Company
% %
China
Southern Controllin National
sole Special
Industry g asset
state-owne Beijing Xu Bin machinery 1,264,521 71.13% 71.13%
Group shareholde commissio
d production
(Southern r n
Group)
Particulars about the parent company of the Company
2. Subsidiaries of the Company
In RMB
119
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Full name Ownership Legal Share
Ownership Business Registered Voting Organizatio
of the of the Reg. Add. represen proportion
type property capital power % n code
subsidiary subsidiary tative %
International
trading and
agency of
Chongqing
various
Northern
merchandises
Jianshe Controlled Wen 60,377,527.
Ltd. liability Chongqing and 100% 100%
Import & subsidiaries Hong 88
technologies
Export Co.,
(other than
Ltd.
those restricted
by national
government)
Motorcycle
with two
wheels,
portable
motorcycle
with two
wheels and
installation kits
Shanghai manufacturing
Jianshe Controlled Che and sale,
Ltd. liability Shanghai 16,000,000 51% 51%
Motorcycle subsidiaries Lianfu moped
Co., Ltd. manufacturing
and sale,
power-driven
bicycle and its
parts
manufacturing
and sale
(license when
required)
Sales of
motorcycles
and parts,
Chongqing
Li vehicle
Jianshe Controlled
Ltd. liability Chongqing Huaguan air-conditioner 12,000,000 100% 100%
Sales Co., subsidiaries
g and parts,
Ltd.
electro-mechan
ical products,
metal materials,
120
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
home
appliances,
repairing of
home
appliances
Chognqing Production,
Jianshe sales, and
Lu
Automobile Controlled services of
Ltd. liability Chongqing Hongxia 160,000,000 100% 100%
Air-conditio subsidiaries automobile
n
ner Co., air-conditioners
Ltd. and parts
Guangxi
Sales of
Jianshe Controlled
Ltd. liability Nanning motorcycle and 1,500,000 52% 52%
Motorcycle subsidiaries
parts
Co., Ltd.
Chengdu Wholesale and
Jianshe Controlled retail of Jianshe
Ltd. liability Chengdu 500,000 100% 100%
Sales Co., subsidiaries motorcycle and
Ltd. parts
Huhehaote
Wholesale and
Jianshe
Controlled retailing of
Motorcycle Ltd. liability Huhehaote 500,000 100% 100%
subsidiaries motorcycles
Sales Co.,
and parts
Ltd.
Chongqing
Sales of
Jianshe
Controlled Wen vehicles,
Motorcycle Ltd. liability Chongqing 500,000 100% 100%
subsidiaries Hong motorcycles,
Sales Co.,
and parts
Ltd.
Ningbo
Manufacturing
Jianshe
Controlled and sales of
Motorcycle Ltd. liability Ningbo 16,000,000 51% 51%
subsidiaries motorcycles
Manufacturi
and parts
ng Co., Ltd.
121
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
3. Joint ventures and affiliates
In RMB
Voting
Legal Shares held Total asset Total Total net Total of Net profit of
Name of the Ownershi Business Registered power of the Relationshi Organizatio
Reg. Add. representati by the at end of liability at asset at end turnover at the current
Companies p type property capital Company in p n code
ve Company % term end of term of term current term term
the entity %
I. Joint
-- -- -- -- -- -- -- -- -- -- -- -- -- --
ventures
Chongqing
Pingshan Manufacturi
Ltd. 177,490,982 17,344,310. 160,146,672 64,629,942. 2,042,307.1
Taikai Chongqing Teng Feng ng and sales 158,758,676 49% 49%
liability .91 34 .57 47 9
Carburetor of carburetor
Co., Ltd.
Chongqing Manufacturi
Jianshe ng and sales
Ltd. Lu 379,924,998 1,128,951,3 524,408,244 604,543,111 1,139,306,5 16,021,518.
YAMAHA Chongqing of 50% 50%
liability Hongxian .46 56.07 .55 .52 09.1 92
Motorcycle motorcycles
Co., Ltd. and parts
Zhuzhou Manufacturi
Jianshe ng and sales
Ltd. Lu 701,541,640 160,683,522 540,858,117 465,041,476 21,986,766.
YAMAHA Zhuzhou of 497,857,360 50% 50%
liability Hongxian .09 .69 .4 .33 44
Motorcycle motorcycles
Co., Ltd. and parts
II. Affiliates -- -- -- -- -- -- -- -- -- -- -- -- -- --
122
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Chongqing
Production
Tongsheng
Ltd. Chen and sales of 43,275,046. 37,664,542. 5,610,503.9 48,835,812.
Jianshe Chongqing 10,000,000 30% 30% 31,765.7
liability Guozhong motorcycle 52 56 6 19
Industry Co.,
parts
Ltd.
Cargo
Chongqing
transportatio
Fuda Property Ltd. Lei 4,237,933.3 4,555,174.2 5,773,303.3
Chongqing n and 2,000,000 20% 20% -317,240.91 -585,098.84
Management liability Qianhong 6 7 6
warehousin
Co., Ltd.
g
123
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
4. Other related parties
Name of the related parties Relation with the Company Organization code
(Jianshe Industry) Subsidiary of the controlling
Chongqing Jianshe Industry Co., Ltd.
shareholder
Subsidiary of the controlling
South-western Military Industry Co.
shareholder
(“Jianxing Machinery”) Subsidiary of the controlling
Chongqing Jianshe Machinery Co., Ltd.
shareholder
(Military Finance Co.) Subsidiary of the controlling
Military Equipment Group Finance Co., Ltd.
shareholder
(Changan Auto) Grand subsidiary of the
Chongqing Changan Automobile Co., Ltd.
controlling shareholder
(Jianshe Industry & Trade) Grand subsidiary of the
Chongqing Jianshe Industry & Trade Co., Ltd.
controlling shareholder
(“Jianxing Machinery”) Affiliate of the subsidiary of
Chongqing Jianxing Machinery Co., Ltd.
the controlling shareholder
(“Bailu Industry”) Grand subsidiary of the
Chongqing Bailu Industry Co., Ltd.
controlling shareholder
Statement on other related parties
5. Related Transactions
(1) Purchasing of goods and services
In RMB
Occurred current term Occurred in previous term
Pricing and Portion in Portion in
Subjects of the related
Related parties decision making similar similar
transactions Amount Amount
process transactio transactio
ns (%) ns (%)
Jianshe Industry Purchasing of goods Fair market price 10,368,989.92 1,076,923.08
Jianxing Machinery Purchasing of goods Fair market price 15,439,139 14,039,615.01
Chongqing Yamaha Purchasing of goods Fair market price 2,307,700 223,060
China Jialin Industry
Co., Ltd. (Group) Purchasing of goods Fair market price 38,593,162.46
Sales Co.
124
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
Jiangmen Qingqi
South China Purchasing of goods Fair market price 664,791.45
Motorcycle Co., Ltd.
Jinan Qinqi Sales
Purchasing of goods Fair market price 7,811,240.17
Co., Ltd.
Pingshan Taikai Purchasing of goods Fair market price 8,457,887.09 2,281,159.05
Jianshe Industry &
Purchasing of goods Fair market price 204,273.76 248,065.37
Trading
Chongqing Qiantai
Industry & Trade Purchasing of goods Fair market price 6,504,596.92 41,825,518.11
Co., Ltd.
Tongsheng
Purchasing of goods Fair market price 10,656,641.96 15,485,885.78
Construction
Fuyeda Co. Accept labor Fair market price 125,739.77 1,463,482.33
Jianshe Industry Accept labor Fair market price 2,292,214.57 11,163,214.13
Sales of goods and services
In RMB
Occurred current term Occurred in previous term
Pricing and Portion in Portion in
Subjects of the related
Related parties decision making similar similar
transactions Amount Amount
process transactio transactio
ns (%) ns (%)
Chongqing Southern
Motorcycle Co., Ltd. sales of goods Fair market price 90,276,735.57
Sales Company
China Jialin Industry
Co., Ltd. (Group) sales of goods Fair market price 18,660,083.94
Sales Co.
Jinan Qinqi Sales
sales of goods Fair market price 7,811,240.17
Co., Ltd.
Zhuzhou Jianshe
YAMAHA sales of goods Fair market price 319,832.99
Motorcycle Co., Ltd.
Jianshe Yamaha sales of goods Fair market price 56,911,295.71 158,878,884.6
Changan Auto sales of goods Fair market price 128,937,000.5 59,992,047.7
Tongsheng
sales of goods Fair market price 4,485,465.75 5,565,903.15
Construction
125
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(2) Related trusteeship or contracting
Related trusteeship or contracting in which the Company is the undertaker
In RMB
Asset Amount of Nature of Gains from Influence of
Name of the Name of the situation of the asset to the asset to Terminating Pricing the deal in the gains on
Start date
employer undertaker the be be date basis report the
undertaker undertaken undertaken period Company
Related trusteeship or outsourcing in which the Company is the employer
In RMB
Asset Influence of
Amount of Amount of
Name of the Name of the situation of Nature of Pricing the payment
the asset to Start date End date payment
employer undertaker the the entrust basis on the
be entrusted recognized
employer Company
Statement on the trusteeship and contracting:
(3) Related leasing
The Company is the lender
In RMB
Rental Influence of
Category of Description Amount of
Name of the Name of the Starting Pricing recognized the rental
asset for of the asset to be Ending date
owner tenant date basis in the on the
rent property leased
period Company
Chongqing
Jianshe Chongqing 20,777,264. May 31, May 31, Price on 1,956,898.2
Warehouse
Motorcycle Yamaha 08 2008 2013 agreement 9
Co., Ltd.
Chongqing
Jianshe Shanghai 20,777,264. Price on 1,851,843.6
Warehouse Aug 1, 2008 Jul 31, 2012
Motorcycle Jianya 08 agreement 6
Co., Ltd.
The Company is the undertaker
In RMB
Category of Description Amount of Rental Influence of
Name of the Name of the Starting Pricing
asset for of the asset to be Ending date recognized the rental
owner tenant date basis
rent property leased in the on the
126
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period Company
Statement on related leasing
(4) Related guarantees
In RMB
The provider The beneficiary Amount guaranteed Start date Due date Completed or not
Statement on related guarantees
(5) Capital borrowing with related parties
In RMB
Related parties Amount of demolition Start date Expired on Remarks
Borrow in
Lend out
(6) Asset transferring and debt reconstruction with related parties
In RMB
Occurred current term Occurred in previous term
Pricing and Portion in Portion in
Type of Subjects of the
Related parties decision making similar similar
trade related transactions Amount Amount
process transactio transactio
ns (%) ns (%)
(7) Other related transactions
6. Receivable and payables due with related parties
Account receivable due from related parties
In RMB
127
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Projects Related parties Amount at end of term Initial ammount
Notes receivable Changan Auto 21,990,000 13,330,000
Notes receivable Hebei Changan 2,453,570 2,453,570
Notes receivable Nanjing Changan 346,430 846,430
Notes receivable Changhe SUZUKI 7,818,940 1,718,940
Account receivable Jianshe Yamaha 16,359,781.26 23,262,463.62
Account receivable Changan Auto 29,791,523.23 6,179,437.62
Account receivable Hebei Changan 560,710 259,217.4
Account receivable Nanjing Changan 434,467.92 1,256,522.19
Account receivable Changan SUZUKI 9,597,366.03 1,532,172.37
Account receivable Changhe SUZUKI 1,065,736.15 1,751,591.07
Account receivable Jialin Industry 46,445
Account receivable Jinan Qingqi 787,400.41 787,400.41
Other account receivable Jianshe Machinery 613,809.14
Other account receivable Qiantai Industry 293.13
Other account receivable Chongqing Yamaha 4,061,100.67 3,069,077.45
Account payable to related parties
In RMB
Projects Related parties Amount at end of term Initial ammount
Account payable Qiantai Industry 5,442,436.15
Account payable Chongqing Yamaha 4,964,302.27 2,254,293.27
Account payable Jianxing Machinery 9,599,207.8 9,526,802.89
Account payable Pingshan Taikai 7,020,239.94 6,541,323.92
Chongqing Fuda Property
Account payable 62,968.18
Management Co., Ltd.
Chongqing Jianshe Industry
Account payable 60,342.76
& Trade Co., Ltd.
Account payable Tongsheng Construction 4,632,829.23 4,854,081.3
Other account payable Fuyeda 139,724.51 400,924.96
(X) Share payment
1. Overall situation of share payment
Total of equity instruments issued by the
Company in the report period
128
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Total of equity instruments excercised in the
period
Total of equity instruments invalidated in the
period
Price range of share options issued to outside
and remained term of the contract at end of
period
Price range of other equity instruments issued to
outside and remained term of the contract at end
of period
Statement on share payment
2. Share payment settled in term of equity
In RMB
Recognition of fair value of equity instrument at date of grant
Recognition of best estimation on exercisable equity instruments
Cause of material difference between estimation basis of current
period and previous period
Accumulated amount of share payment on equity basis in capital
reserves
Total of expenses recognized for share payment on equity basis
Statement on share payment on equity basis
3. Share payment settled by cash
In RMB
Recognition of fair value of liabilities calculated upon shares or
other equity instruments which are undertaken by the Company
Accumulative liabilities generated by share payment settled by cash
in the liabilities
Total expenses recognized on share payment settled by cash
Statement on share payment settled by cash.
4. Service paid by shares
In RMB
129
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Total of employees services paid by shares
Total of other services paid by shares
5. Revising and termination of share payment
(X) Contingent Issues
1. Contingent liabilities formed by material lawsuit or arbitration, and their influences on the financial
position
2. Contingent liability formed by providing of guarantee to other parties and its influence on the financial
position
Other contingent liabilities and their influences:
(XII) Commitment Issues
1. Major commitment issues
2. Fulfilling of commitments made in previous periods
(XIII) Post-balance-sheet events
1. Statement on material post-balance-sheet events
In RMB
Influence on the financial
Reason for not able to estimate
Items Contents position and business
the influence
performance
130
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2. Statement on profit distribution in post balance sheet period
In RMB
Proposed profit or dividend
Approved and announced profit or dividend
3. Statement on other issues in post balance sheet period
(XIV) Statement on other material events
1. Non-monetary asset exchange
2. Debt reconstruction
3. Enterprise merger
4. Rental
5. Financial instruments convertible to shares issued to outside
6. Main contents of annual rewarding plan and material changes
7. Other material events to be disclosed
131
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(XV) Notes to Financial Statements of the Parent Company
1. Account receivable
(1) Account receivable
In RMB
End of term Beginning of term
Book balance Bad debt provision Book balance Bad debt provision
Categories
Propo
Proporti Proporti Proporti
Amount rtion Amount Amount Amount
on % on % on %
%
Receivables with major
individual amount and bad
debt provision provided
individually
Receivables provided bad debt provision in groups
Account receivable
without major amount but
94.57
greater risk after 27,778,053.98 1,411,604.84 5.08% 26,886,424.14 94.4% 1,367,023.35 5.08%
%
combined into group of
similar risks
94.57
Sub-total of group 27,778,053.98 1,411,604.84 5.08% 26,886,424.14 94.4% 1,367,023.35 5.08%
%
Account receivable with
minor individual amount
1,594,979.7 5.43% 1,594,979.7 100% 1,594,979.7 5.6% 1,594,979.7 100%
but bad debt provision is
provided
Total 29,373,033.68 -- 3,006,584.54 -- 28,481,403.84 -- 2,962,003.05 --
Remarks on categories of receivable accounts:
Receivable accounts with large amount individually and bad debt provisions were provided
[] Applicable; [V] Not applicable
Receivable accounts on which bad debt provisions are provided on age analyze basis in the portfolio
[V] Applicable [] Not applicable
In RMB
End of term Beginning of term
Book balance Book balance
Age
Proporti Bad debt provision Proporti Bad debt provision
Amount Amount
on % on %
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within 1 yr
In which: -- -- -- -- -- --
Subtotal of
27,633,611.1 94.08% 1,381,680.56 26,741,981.26 93.89% 1,337,099.06
within 1 year
1-2 years 8,617.88 0.03% 861.79 8,617.88 0.03% 861.79
2-3 years 129,500 0.44% 25,900 129,500 0.45% 25,900
Over 3 yrs 1,601,304.7 5.45% 1,598,142.2 1,601,304.7 5.62% 1,598,142.2
3-4 years
4-5 years
over 5 yrs
Total 29,373,033.68 -- 3,006,584.55 28,481,403.84 -- 2,962,003.05
Receivable accounts on which bad debt provisions are provided on percentage analyze basis in a portfolio
[] Applicable; [V] Not applicable
Receivable accounts on which bad debt provisions are provided by other ways in the portfolio
[] Applicable; [V] Not applicable
Receivable accounts with minor amount but on which bad debt provisions are provided individually at end of period
[V] Applicable [] Not applicable
In RMB
Description of the
Book balance Bad debt provision Rate Reason to provide
receivable accounts
Domestic trade Due for over three years,
1,594,979.7 1,594,979.7 100%
receivable hard to retrieve
Total 1,594,979.7 1,594,979.7 100% --
(2) Receivable accounts written back or retrieved in the report period
In RMB
Bad debt provision
Description of the receivable Reason to write back Basis of original bad Amount written back or
provided before writing
accounts or retrieve debt provision retrieved
back or retrieving
Total -- -- --
Receivable accounts with large amount, or minor amount but on which bad debt provisions are provided individually at end of period
Description of the
Book balance Amount of bad debt Providing rate (%) Reason
receivable accounts
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Total -- --
Remarks on receivable accounts with minor single amount but with greater risks after combining with accounts with similar risks:
(3) Receivable accounts actually written off in the report period
In RMB
Name of the Property of the Reason of writing Occurred under
Date of written off Amount written off
companies receivable account off related relationship
Total -- -- -- --
Statement on writing off of receivable accounts.
(4) Particulars about the receivable accounts due from shareholders with 5% or over of the Company’s
shares
[ ] Applicable [] Not applicable
(5) Nature or description of other receivable accounts with large amount
(6) Top 5 receivable accounts
In RMB
Relation with the Portion in total
Name of the companies Amount Ages
Company receivables
Chongqing Jianshe
YAMAHA Motorcycle Joint ventures 16,359,781.26 Within 1 year 55.7%
Co., Ltd.
YAMAHA MOTOR
7,804,055.94 Within 1 year 26.57%
CO.,LTD
Chongqing Qiantang
2,414,528.1 Within 1 year 8.22%
Trade Co., Ltd.
Jinan Qinqi Sales Co.,
787,400.41 Within 1 year 2.68%
Ltd.
YAMAHA Motor Trade
573,310.76 Within 1 year 1.95%
(Shanghai) Co., Ltd.
134
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Total -- 27,939,076.47 -- 95.12%
(7) Account receivable from related parties
In RMB
Name of the companies Relation with the Company Amount Portion in total receivables
Chongqing Jianshe YAMAHA
Joint ventures 16,359,781.26 55.7%
Motorcycle Co., Ltd.
Jinan Qinqi Sales Co., Ltd. 787,400.41 2.68%
Total --
（8）
Amount of receivable transferred but not satisfying the conditions of termination recognition is RMB.
(9) If securitilizing performed on target asset with purpose of receivable account, please brief the related
arrangements
2. Other account receivable.
(1) Other receivable accounts
In RMB
End of term Beginning of term
Book balance Bad debt provision Book balance Bad debt provision
Categories Propo Propo Propo Propo
Amount rtion Amount rtion Amount rtion Amount rtion
% % % %
Other receivables with major
individual amount and bad 97.16 94.37
158,036,475.83 3,819,153.07 2.42% 203,176,515.97 3,013,664 1.48%
debt provision provided % %
individually
135
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Other receivables provided bad debt provision in groups
Account receivable without
major amount but greater
3,408,386.22 2.1% 170,419.31 5% 9,232,265.94 4.29% 461,613.3 5%
risk after combined into
group of similar risks
Sub-total of group 3,408,386.22 2.1% 170,419.31 5% 9,232,265.94 4.29% 461,613.3 5%
Other account receivable
with minor individual 41.68
1,204,370.74 0.74% 1,204,370.74 100% 2,889,743.65 1.34% 1,204,370.74
amount but bad debt %
provision is provided
Total 162,649,232.79 -- 5,193,943.12 -- 215,298,525.56 -- 4,679,648.04 --
Statement on categories of other receivable accounts:
Other receivable accounts with large amount and were provided bad debt provisions individually at end of period.
[] Applicable; [V] Not applicable
Other receivable accounts in the portfolio on which bad debt provisions were provided on age analyze basis
[V] Applicable [] Not applicable
In RMB
End of term Beginning of term
Book balance Book balance
Age
Proporti Bad debt provision Proporti Bad debt provision
Amount Amount
on % on %
within 1 yr
In which: -- -- -- -- -- --
Subtotal of
158,431,198.05 97.4% 975,908.38 211,080,490.82 98.04% 461,613.3
within 1 year
1-2 years
2-3 years
Over 3 yrs 4,218,034.74 2.6% 4,218,034.74 4,218,034.74 1.96% 4,218,034.74
3-4 years
4-5 years
over 5 yrs
162,649,232.79 5,193,943.12
Total 215,298,525.56 -- 4,679,648.04
Other receivable accounts in the portfolio on which bad debt provisions were provided on percentage basis
[] Applicable; [V] Not applicable
136
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Other receivable accounts in the portfolio on which bad debt provisions were provided on other basis
[] Applicable; [V] Not applicable
Other account receivable with minor amount but bad debt provision provided individually:
[V] Applicable [] Not applicable
In RMB
Description of other
Book balance Bad debt provision Rate Reason to provide
receivables
Not expected to be
2,889,743.65 1,204,370.74 41.68%
retrievable
Total 2,889,743.65 1,204,370.74 41.68% --
(2) Other receivable accounts written back or retrieved in the report period
In RMB
Bad debt provision
Description of other Reason to write back Basis of original bad Amount written back or
provided before writing
receivables or retrieve debt provision retrieved
back or retrieving
Total -- -- --
Receivable accounts with large amount, or minor amount but on which bad debt provisions are tested and provided individually at
end of period
Description of the
Book balance Amount of bad debt Providing rate (%) Reason
receivable accounts
Total -- --
Statement on other account receivable with minor amount but with greater risks when combined with other receivable accounts with
similar natures.
(3) Other receivable accounts actually written off in the report period
In RMB
Name of the Reason of writing Occurred under related
Property of account Date of written off Amount written off
companies off relationship
Total -- -- -- --
Statements on writing off of other receivable accounts.
137
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(4) Particulars about the other receivable accounts due from shareholders with 5% or over of the
Company’s shares in the report period
[] Applicable; [V] Not applicable
(5) Natures or contents of other receivable accounts with large amount
(6) Top 5 debtors of other receivable accounts
In RMB
Relation with the Portion in total other
Name of the companies Amount Ages
Company receivables (%)
Chongqing Jianshe Sales
Fully-owned subsidiary 70,598,307.5 Within 1 year 43.52%
Co., Ltd.
Chongqing Northern
Jianshe Import & Export Fully-owned subsidiary 28,081,126.2 Within 1 year 17.31%
Co., Ltd.
Employees of the
Petty cash 5,964,900.85 Within 1 year 3.68%
Company
Chongqing Jianshe
YAMAHA Motorcycle Joint ventures 4,061,100.67 Within 1 year 2.5%
Co., Ltd.
Shanghai Jianshe
Controlled subsidiaries 1,685,372.91 Within 1 year 1.04%
Motorcycle Co., Ltd.
Total -- 110,390,808.13 -- 68.05%
(7) Other accounts receivable from related parties
In RMB
Portion in total other receivables
Name of the companies Relation with the Company Amount
(%)
Chongqing Jianshe Sales Co.,
Fully-owned subsidiary 70,598,307.5 43.52%
Ltd.
Chongqing Northern Jianshe
Fully-owned subsidiary 28,081,126.2 17.31%
Import & Export Co., Ltd.
Chongqing Jianshe YAMAHA
Joint ventures 4,061,100.67 2.5%
Motorcycle Co., Ltd.
Shanghai Jianshe Motorcycle
Controlled subsidiaries 1,685,372.91 1.04%
Co., Ltd.
138
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Total -- 104,425,907.28 64.38%
（8）
Amount of other receivables transferred but not satisfying the conditions of termination recognition is RMB.
(9) If securitilizing performed on target asset with purpose of other receivable account, please brief the
related arrangements
3. Long-term equity investment
In RMB
Statement
on
difference Impairme Cash
Percentag Voting
Company s between Impairme nt dividend
Calculatin Initial Openning Changed Closing e of share power in
invested the nt provision of the
g basis costs balance by balance in the the
in sharehold provision provided current
firm % firm %
ing and this term term
voting
rights
Chongqin
g
Southern
Motorcyc
le Equity 20,000,00 20,000,00 20,000,00
16.67% 16.67%
Technolo basis 0 0 0
gies
Develop
ment Co.,
Ltd.
Chongqin
g
Tongshen Equity 3,194,329 3,203,859
3,000,000 9,529.71 30% 30%
g Jianshe basis .56 .27
Industry
Co., Ltd.
Chongqi
ng Equity 67,316,53 78,069,94 979,956.5 79,049,90
49% 49%
Pingshan basis 9.87 8.72 8 5.3
Taikai
139
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Carbureto
r Co.,
Ltd.
Chongqin
g Jianshe
YAMAH
Equity 154,699,6 287,825,6 8,010,759 295,836,3
A 50% 50%
basis 22.03 02.71 .46 62.17
Motorcyc
le Co.,
Ltd.
Zhuzhou
Jianshe
YAMAH
Equity 215,710,3 271,965,5 -5,006,61 266,958,9 16,000,00
A 50% 50%
basis 20.08 73.97 6.78 57.19 0
Motorcyc
le Co.,
Ltd.
Chongqin
g Jianshe 12,000,00 12,000,00 12,000,00
Cost basis 100% 100%
Sales Co., 0 0 0
Ltd.
Chongqin
g
Northern
57,443,52 57,443,52 57,443,52
Jianshe Cost basis 95.14% 95.14%
7.88 7.88 7.88
Import &
Export
Co., Ltd.
Shanghai
Jianshe
Motorcyc Cost basis 8,160,000 9,384,000 -204,000 9,180,000 51% 51%
le Co.,
Ltd.
Chongqin
g Jianshe
Motorcyc Cost basis 225,000 225,000 225,000 45% 45%
le Sales
Co., Ltd.
Chognqin
g Jianshe 70,000,00 70,000,00 70,000,00
Cost basis 43.75% 43.75%
Automobi 0 0 0
le
140
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Air-condi
tioner
Co., Ltd.
Ningbo
Jianshe
1,140,915 1,140,915
Motorcyc Cost basis 8,160,000 51% 51%
.04 .04
le Co.,
Ltd.
616,715,0 811,248,8 3,789,628 815,038,5 16,000,00
Total -- -- -- --
09.86 97.88 .97 26.85 0
Statement on long-term equity investment
4. Operational revenue and costs
(1) Operation incomes and costs
In RMB
Items Occurred current term Occurred in previous term
Major business turnover 527,984,440.32 815,969,015.88
Other business income 456,622,616.54 53,044,575.59
Operation cost 930,917,606.93 786,669,103.83
Total
(2) Business segments (on industries)
[V] Applicable [] Not applicable
In RMB
Occurred current term Occurred in previous term
Name of industry
Turnover Operation cost Turnover Operation cost
Industry 527,984,440.32 483,374,796.68 815,969,015.88 753,719,876.25
Total 527,984,440.32 483,374,796.68 815,969,015.88 753,719,876.25
(3) Business segments (on products)
[V] Applicable [] Not applicable
In RMB
Occurred current term Occurred in previous term
Products or services
Turnover Operation cost Turnover Operation cost
141
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Motorcycle and parts 527,984,440.32 483,374,796.68 815,969,015.88 753,719,876.25
Total 527,984,440.32 483,374,796.68 815,969,015.88 753,719,876.25
(4) Business segments (on regions)
[V] Applicable [] Not applicable
In RMB
Occurred current term Occurred in previous term
Name of districts
Turnover Operation cost Turnover Operation cost
Southwest 527,984,440.32 447,542,810.25 815,969,015.88 753,719,876.25
Total 527,984,440.32 447,542,810.25 815,969,015.88 753,719,876.25
(5) Revenue from top five customers
In RMB
Percentage in
Name of clients Total turnover total turnover of
the Company %
Chongqing Jianshe Sales Co., Ltd. 211,534,428.54 45.19%
Chongqing Jianshe Automobile Air-conditioner Co., Ltd. 167,023,202.15 35.68%
Chongqing Jianshe YAMAHA Motorcycle Co., Ltd. 61,291,295.71 13.10%
Foshan Nanhai Zhongmo Technologies Co., Ltd. 16,731,880.33 3.57%
Chongqing Mingxin Machinery Manufacturing Co., Ltd. 11,468,670.43 2.45%
Total 468,049,477.16 88.65%
Statement on revenue.
142
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5. Investment income
(1) Details of investment gains
In RMB
Items Occurred current term Occurred in previous term
Long-term equity investment gains on cost basis
Long-term equity investment gains on equity basis 19,789,628.97 24,048,088.9
Investment gains from disposal of long-term equity
investment
Investment gains in the period of holding transactional
financial assets
Gains from investment held to mature in the period of
holding
Investment gains in period of holding disposable financial
assets
Investment gains from disposal of transactional financial
assets
Investment gains from investment held to mature
Gains from sellable financial assets and similar
Others
Total 19,789,628.97 24,048,088.9
(2) Long-term equity investment gains on cost basis
In RMB
Occurred in previous
Company invested in Occurred current term Causation of change
term
Total --
(3) Long-term equity investment gains on equity basis
In RMB
Occurred in previous
Company invested in Occurred current term Causation of change
term
Chongqing Tongsheng Jianshe Industry Co.,
9,529.71 355,921.84
Ltd.
Chongqing Pingshan Taikai Carburetor 979,956.58 2,406,795.84
143
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Co., Ltd.
Chongqing Jianshe YAMAHA Motorcycle
8,010,759.46 7,008,121.73
Co., Ltd.
Zhuzhou Jianshe YAMAHA Motorcycle Co.,
10,993,383.22 14,481,249.49
Ltd.
Shanghai Jianshe Motorcycle Co., Ltd. -204,000 -204,000
Total 19,789,628.97 24,048,088.9 --
Statement on investment gains:
6. Supplementary data of cash flow statement
In RMB
Supplementary Info. Amount of the Current Term Amount of the Previous Term
1. Net profit adjusted to cash flow of business operation -- --
Net profit -37,913,674.28 10,690,691.52
Plus: Asset impairment provision 558,876.57 1,100,437.19
Fixed asset depreciation, gas and petrol depreciation, production
19,335,247.48 17,904,575.72
goods depreciation
Amortizing of intangible assets 4,636,217.01 2,520,150.34
Amortizing of long-term expenses 1,187,277.49 2,941,614.28
Loss from disposal of fixed assets, intangible assets, and other
-6,410.26
long-term assets (“-“ for gains)
Loss from fixed asset discard (“-“ for gains)
Loss from fair value fluctuation (“-“ for gains)
Financial expenses (“-“ for gains) 36,996,624.26 26,163,060.43
Investment losses (“-“ for gains) -19,789,628.97 -24,048,088.9
Decrease of deferred income tax asset (“-“ for increase) -165,065.58
Increase of deferred income tax liability (“-“ for decrease)
Decrease of inventory (“-“ for increase) -6,880,520.43 -2,261,942.34
Decrease of operational receivable items (“-“ for increase) -50,250,429.03 -60,358,713.27
Increase of operational payable items (“-“ for decrease) 24,403,015 -83,333,628.16
Others
Cash flow generated by business operation, net -27,716,994.9 -108,853,319.03
2. Major investment and financing operation not involving with cash -- --
Liabilities converted to capital
144
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Convertible bond expire in 1 year
Fixed assets leased through financing
3. Net change of cash and cash equivalents -- --
Balance of cash at period end 105,369,938.91 155,608,050.72
Less: Initial balance of cash 83,149,628.22 166,262,402.29
Plus: Balance of cash equivalents at the period end
Less: Initial balance of cash equivalents
Net increasing of cash and cash equivalents 22,220,307.49 -10,654,351.57
7. Reverse purchasing of assets and liabilities booked at evaluated value
In RMB
Description of the asset or liabilities booked at evaluated
Appraised value Original book value
value
Assets
Liabilities
(XVI) Supplementary Information
1. Net income on asset ratio and earning per share
In RMB
Earnings per share
Weighted average net
Profit of the report period Diluted earnings per
income/asset ratio (%) Basic earnings per share
share
Net profit attributable to common shareholders
-12.5% -0.07 -0.07
of the Company
Net profit attributable to the common owners of
the PLC after deducting of non-recurring -12.59% -0.07 -0.07
gains/losses
2. Irregular situation and causes of items in the financial statements
145
Chongqiang Jianshe Motorcycle Co., Ltd. Interim Report 2012 Full Text
IX. Documents for Reference
Index of documents for reference
(I) Interim Report carried with personal signature and seal of the Chairman of the Board;
(II) Financial report with the signature and seal of the legal representative, CFO, and accounting manager of the Company.
(III) All of the documents have disclosed by Securities Times and Hong Kong Commercial Daily.
(IV) The Articles of Association of the Compay
Li Huaguang - Chairman of the Board
Date of submitting approved by the Board: July 26, 2012
Revising record
Date of correction or supplementary Contents of correction or supplementary
Version No.
disclosure disclosure
146