Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Chongqing Jianshe Motorcycle Co., Ltd.
The 1st Quarterly Report 2014
2014-028
April 2014
1
Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Chapter 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.
Directors other than the followings presented at the Board Meeting on which this report was examined:
Name of the director absented Position Reason for not presenting the meeting Name of consignee
Cheng Yuanwei Independent Director On business travel Wang Jun
Mr. Li Huaguang, the Legal Representative of the Company, Mr. Teng Feng, the Financial Officer, Mr. Liao Jian,
the manager of accounting department, hereby declare: the truthfulness and completeness of the Financial Report
are guaranteed.
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Chapter II. Financial Highlights and Change of Shareholders
I. Main accounting data and indices
Are there any retrospective adjustment or restatement of financial information of previous year due to change of
accounting policies or correcting of accounting errors?
[] Yes [V] No
Same period last Increase/decrease
This report term
year (%)
Turnover (RMB) 460,489,423.26 468,098,750.47 -1.63%
Net profit attributable to shareholders of the listed company (yuan) -34,743,761.48 -17,380,296.76 -99.9%
Net profit attributable to the shareholders of the listed company and
-34,898,544.16 -17,870,082.48 -95.29%
after deducting of non-recurring gain/loss(RMB)
Net Cash flow generated by business operation (RMB) 58,140,760.62 39,113,297.55 48.65%
Basic earnings per share (Yuan/share) -0.291 -0.146 -99.9%
Diluted earnings per share (Yuan/share) -0.291 -0.146 -99.9%
Weighted average net
-25.93% -13.9% -12.03%
income/asset ratio (%)
Ended this report
End of prev. year Changed by %
term
Gross Assets (RMB) 2,615,294,086.39 2,744,421,025.89 -4.71%
Net asset attributable to owners of the PLC 116,639,438.07 151,383,199.55 -22.95%
Non-recurring gain/loss items and amounts
[V] Applicable Not applicable
In RMB Yuan
Amount of the period from the beginning of year to the end of
Items Remarks
report term
Other non-business income and expenditures other than
154,782.68
the above
Total 154,782.68 --
If the company defines those items to recurring gain/loss items, which were defined by “Regulations of Information Disclosure of
PLCs, Explanation No.1 - Non-recurring gain/loss” as non-recurring gain/loss, please provide reason here.
[] Applicable; [V] Not applicable
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
II. Total of shareholders and top-10 holders of current shares at end of period
in shares
Total shareholders at the end of the report period 12,904
Top 10 Shareholders
Amount of Frozen or pledged
Properties of Share Amount of
Name of the shareholder unconditional shares Status of
shareholder proportion (%) shares Amount
held shares
China Southern Industry State-owned legal
71.13% 84,906,250 84,906,250
Group Co., Ltd. person
Gu Zuocheng Domestic natural person 1.86% 2,218,750 2,218,750
Anhui Hengsheng Domestic
Economic Development non-state-owned legal 1.47% 1,750,000 1,750,000
Group Co., Ltd. person
Feng Yonghui Domestic natural person 0.42% 500,000 500,000
Hu Zhihong Domestic natural person 0.31% 366,864 0
Chen Houping Domestic natural person 0.24% 281,279 0
Fei Shunying Domestic natural person 0.24% 280,740 0
Xue Fang Domestic natural person 0.21% 250,000 0
Wang Chuxin Domestic natural person 0.18% 220,425 0
Ou Zhiquan Domestic natural person 0.18% 211,649 0
Top 10 holders of unconditional shares
Amount of shares Category of shares
without
Name of the shareholder
trade limited Category of shares Amount
conditions
Hu Zhihong 366,864 Foreign shares placed in domestic exchange 366,864
Chen Houping 281,279 Foreign shares placed in domestic exchange 281,279
Fei Shunying 280,740 Foreign shares placed in domestic exchange 280,740
Xue Fang 250,000 Foreign shares placed in domestic exchange 250,000
Wang Chuxin 220,425 Foreign shares placed in domestic exchange 220,425
Ou Zhiquan 211,649 Foreign shares placed in domestic exchange 211,649
Wu Chengzhen 208,000 Foreign shares placed in domestic exchange 208,000
Guo Haocheng 165,300 Foreign shares placed in domestic exchange 165,300
He Lizhuan 160,000 Foreign shares placed in domestic exchange 160,000
Huang Lianna 134,950 Foreign shares placed in domestic exchange 134,950
Notes to relationship or “action in It was not to the information of the Company that whether there was any related relationship or
concert” among the top ten action-in-concert among the top 10 unconditional current share holders, and the top 10
shareholders. shareholders.
Was there any agreed repurchasing trade by shareholders in the report period
[] Yes [V] No
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Chapter III. Significant Issues
I. Particulars and causations of material change in major accounting items and indices
Not applicable
II. Analyze of significant issues and solutions
Not applicable
III. Commitment issues of shareholders with 5% or over of shares occurred in the report
period or carried down from previous report periods
Not applicable
IV. Business prospect for Jan-Jun 2014
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. Securities investment
Statement on holding of other PLC’s shares.
[] Applicable; [V] Not applicable
VI. Investment in derivate instruments
Not applicable
VII. Reception of investigation, communication, or visiting in report period
Time/date Place Way Type of visitors Visitors Main content involved and material provided
Telephone Q: Whether the title of “ST” could be removed after
The
January 27 2014 communicat Individual Investor disclosure of the annual report? A: Please keep close
Company
ion attention to the Company’s further disclosure.
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Chapter IV. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
Items Closing balance Opening balance
Current asset:
Monetary capital 264,051,540.94 388,314,602.28
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 72,344,263.81 81,253,424.87
Account receivable 312,314,364.68 311,899,501.77
Prepayment 52,866,816.24 32,738,242.83
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable 1,470,000.00
Other account receivable 26,781,386.01 23,946,335.95
Repurchasing of financial assets
Inventories 286,094,866.79 299,191,811.74
Non-current asset due in 1 year
Other current asset
Total of current asset 1,015,923,238.47 1,137,343,919.44
Non-current assets
Disburse of consigned loans
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 689,912,308.02 689,241,790.19
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Investment real estates
Fixed assets 753,115,584.66 763,705,401.21
Construction in process 12,770,784.86 11,013,703.97
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 99,779,999.88 103,611,915.99
R&D expense 31,187,062.34 27,603,929.21
Goodwill
Long-term amortizable expenses 8,632,753.52 7,928,011.24
Deferred income tax asset 3,564,354.64 3,564,354.64
Other non-current asset 408,000.00 408,000.00
Total of non-current assets 1,599,370,847.92 1,607,077,106.45
Total of assets 2,615,294,086.39 2,744,421,025.89
Current liabilities
Short-term loans 836,710,666.67 896,805,047.85
Loan from Central Bank
Deposit received and hold for others
Call loan received
Transactional financial liabilities
Notes payable 705,368,600.00 742,696,400.00
Account payable 574,246,730.54 536,553,953.76
Advances received 33,441,442.19 29,177,260.79
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 2,764,537.08 2,619,043.15
Tax payable 121,774,749.81 124,374,241.36
Interest payable
Dividend payable
Other account payable 44,660,699.64 32,539,679.76
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Entrusted selling of securities
Non-current liability due in 1 year 49,500,000.00 98,000,000.00
Other current liability
Total of current liability 2,368,467,425.93 2,462,765,626.67
Non-current liabilities
Long-term borrowings 129,000,000.00 129,000,000.00
Bond payable
Long-term payable
Special payable 738,000.00 738,000.00
Expected liabilities
Deferred income tax liability
Other non-recurring liabilities
Total of non-current liabilities 129,738,000.00 129,738,000.00
Total of liability 2,498,205,425.93 2,592,503,626.67
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 119,375,000.00 119,375,000.00
Capital reserves 960,515,317.59 960,515,317.59
Less: Shares in stock
Special reserves
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -1,088,936,879.52 -1,054,193,118.04
Different of foreign currency translation
Total of owner’s equity belong to the parent company 116,639,438.07 151,383,199.55
Minor shareholders’ equity 449,222.39 534,199.67
Total of owners’ equity (or shareholders’ equity) 117,088,660.46 151,917,399.22
Total of liability and shareholders’ equity (or owners’ equity) 2,615,294,086.39 2,744,421,025.89
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
2. Balance Sheet of the Parent Company
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
Items Closing balance Opening balance
Current asset:
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Monetary capital 92,262,004.72 228,624,992.89
Transactional financial assets
Notes receivable 45,394,007.50 39,803,978.66
Account receivable 5,337,215.31 4,802,644.17
Prepayment 21,911,217.52 18,601,531.02
Interest receivable
Dividend receivable 1,470,000.00
Other account receivable 213,967,248.90 208,879,559.83
Inventories 77,370,102.55 79,555,340.09
Non-current asset due in 1 year
Other current asset
Total of current asset 457,711,796.50 580,268,046.66
Non-current assets
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 838,148,835.89 837,478,318.07
Investment real estates
Fixed assets 607,734,085.88 615,254,019.58
Construction in process 12,770,784.86 11,013,703.97
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 87,224,806.92 90,978,642.33
R&D expense 31,187,062.34 27,603,929.21
Goodwill
Long-term amortizable expenses 2,155,356.63 1,815,694.12
Deferred income tax asset
Other non-current asset
Total of non-current assets 1,579,220,932.52 1,584,144,307.28
Total of assets 2,036,932,729.02 2,164,412,353.94
Current liabilities
Short-term loans 379,000,000.00 420,000,000.00
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Transactional financial liabilities
Notes payable 411,001,400.00 439,186,400.00
Account payable 537,312,945.00 504,942,097.46
Advances received 4,233,057.94 3,162,370.27
Employees’ wage payable 1,071,069.43 1,356,068.19
Tax payable 125,942,250.33 125,804,653.87
Interest payable
Dividend payable
Other account payable 233,882,510.49 239,108,166.57
Non-current liability due in 1 year 47,000,000.00 94,000,000.00
Other current liability
Total of current liability 1,739,443,233.19 1,827,559,756.36
Non-current liabilities
Long-term borrowings 47,000,000.00 47,000,000.00
Bond payable
Long-term payable
Special payable 738,000.00 738,000.00
Expected liabilities
Deferred income tax liability
Other non-recurring liabilities
Total of non-current liabilities 47,738,000.00 47,738,000.00
Total of liability 1,787,181,233.19 1,875,297,756.36
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 119,375,000.00 119,375,000.00
Capital reserves 958,575,094.29 958,575,094.29
Less: Shares in stock
Special reserves
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -953,884,598.46 -914,521,496.71
Different of foreign currency translation
Total of owners’ equity (or shareholders’ equity) 249,751,495.83 289,114,597.58
Total of liability and shareholders’ equity (or owners’ equity) 2,036,932,729.02 2,164,412,353.94
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
3. Consolidated Income Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 460,489,423.26 468,098,750.47
Incl. Business income 460,489,423.26 468,098,750.47
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 497,613,462.53 493,956,074.41
Incl. Business cost 404,788,307.74 401,323,991.36
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 5,109,145.26 4,610,215.52
Sales expense 25,477,204.57 31,523,925.75
Administrative expense 41,730,669.27 36,706,981.39
Financial expenses 20,508,135.69 19,790,960.39
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 2,140,517.82 8,209,109.75
Incl. Investment gains from affiliates 2,140,517.82 8,209,109.75
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) -34,983,521.45 -17,648,214.19
Plus: Non business income 247,850.80 505,719.17
Less: Non-business expenses 93,068.12 15,933.44
Incl. Loss from disposal of non-current assets 93,068.12
IV. Gross profit (“-“ for loss) -34,828,738.77 -17,158,428.46
Less: Income tax expenses
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
V. Net profit (“-“ for net loss) -34,828,738.77 -17,158,428.46
Including: Net profit realized by the entity taken over before the
takover
Net profit attributable to the owners of parent company -34,743,761.48 -17,380,296.76
Minor shareholders’ equity -84,977.29 221,868.30
VI. Earnings per share: -- --
(I) Basic earnings per share -0.291 -0.146
(II) Diluted earnings per share -0.291 -0.146
VII. Other misc. incomes
VIII. Total of misc. incomes -34,828,738.77 -17,158,428.46
Total of misc. incomes attributable to the owners of the parent
-34,743,761.48 -17,380,296.76
company
Total misc gains attributable to the minor shareholders -84,977.29 221,868.30
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
4. Income Statement of the Parent Co.
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 360,032,048.65 391,682,247.43
Less: Operation cost 360,032,048.65 391,682,247.43
Business tax and surcharge 3,933,331.73 4,295,693.16
Sales expense 4,099,401.69 3,894,260.85
Administrative expense 31,993,368.87 26,458,086.52
Financial expenses 16,227,073.32 14,772,185.26
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 2,140,517.82 8,209,109.75
Incl. Investment gains from affiliates 2,140,517.82 8,209,109.75
II. Operational profit (“-“ for loss) -39,445,965.55 -1,340,850.94
Plus: Non business income 82,863.80 24,650.00
Less: Non-business expenses
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) -39,363,101.75 -1,316,200.94
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Less: Income tax expenses
IV. Net profit (“-“ for net loss) -39,363,101.75 -1,316,200.94
V. Earnings per share -- --
(I) Basic earnings per share -0.33 -0.011
(II) Diluted earnings per share -0.33 -0.011
VI. Other misc gains
VII. Total of integrated income -39,363,101.75 -1,316,200.94
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
5. Consolidated Cash Flow Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
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 275,508,412.54 368,843,069.68
Net increase of customer deposits and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Net increase of trade financial asset disposal
Cash received as interest, processing fee, and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 5,070,669.77 4,744,085.05
Other cash received from business operation 2,124,357.78 3,650,337.00
Sub-total of cash inflow from business activities 282,703,440.09 377,237,491.73
Cash paid for purchasing of merchandise and services 137,897,014.91 252,250,536.42
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
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 49,225,204.98 60,948,632.60
Taxes paid 19,393,785.71 6,619,425.77
Other cash paid for business activities 18,046,673.87 18,305,599.39
Sub-total of cash outflow from business activities 224,562,679.47 338,124,194.18
Cash flow generated by business operation, net 58,140,760.62 39,113,297.55
II. Cash flow generated by investing
Cash received from investment retrieving 1,181.71
Cash received as investment profit 15,470,000.00
Net cash retrieved from disposal of fixed assets, intangible assets, and
600.00 1,850.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 3,036.29
Sub-total of cash inflow due to investment activities 600.00 15,476,068.00
Cash paid for construction of fixed assets, intangible assets and other
2,150,002.87 5,024,468.55
long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 2,150,002.87 5,024,468.55
Net cash flow generated by investment -2,149,402.87 10,451,599.45
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor shareholders
Cash received as loans 290,850,000.00 340,400,000.00
Cash received from bond placing
Other financing-related cash received 273,001,231.35 7,613,258.20
Subtotal of cash inflow from financing activities 563,851,231.35 348,013,258.20
Cash to repay debts 396,075,444.96 344,589,646.80
Cash paid as dividend, profit, or interests 20,974,677.36 24,291,572.94
Incl. Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities 340,570,135.40 11,578,436.32
Subtotal of cash outflow due to financing activities 757,620,257.72 380,459,656.06
Net cash flow generated by financing -193,769,026.37 -32,446,397.86
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
IV. Influence of exchange rate alternation on cash and cash equivalents 170,424.37 -516,713.01
V. Net increase of cash and cash equivalents -137,607,244.25 16,601,786.13
Plus: Balance of cash and cash equivalents at the beginning of term 170,222,347.76 81,609,913.40
VI. Balance of cash and cash equivalents at the end of term 32,615,103.51 98,211,699.53
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
6. Cash Flow Statement of the Parent Co.
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
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 208,523,741.97 284,825,619.91
Tax returned 2,753,664.19 1,454,511.94
Other cash received from business operation 805,276.38 61,588.15
Sub-total of cash inflow from business activities 212,082,682.54 286,341,720.00
Cash paid for purchasing of merchandise and services 115,492,624.53 215,579,824.42
Cash paid to staffs or paid for staffs 39,321,978.39 46,270,023.08
Taxes paid 4,858,305.83 5,374,648.05
Other cash paid for business activities 5,783,888.13 5,069,341.34
Sub-total of cash outflow from business activities 165,456,796.88 272,293,836.89
Cash flow generated by business operation, net 46,625,885.66 14,047,883.11
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit 15,470,000.00
Net cash retrieved from disposal of fixed assets, intangible assets, and
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 3,036.29
Sub-total of cash inflow due to investment activities 15,473,036.29
Cash paid for construction of fixed assets, intangible assets and other
2,082,114.87 4,211,468.55
long-term assets
Cash paid as investment
Net cash received from subsidiaries and other operational units
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Chongqing Jianshe Motorcycle Co., Ltd. The 1 st Quarterly Report 2014 Full Text
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 2,082,114.87 4,211,468.55
Net cash flow generated by investment -2,082,114.87 11,261,567.74
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 220,000,000.00 288,000,000.00
Cash received from bond placing
Other financing-related cash received 523,773,829.21 804,010,904.05
Subtotal of cash inflow from financing activities 743,773,829.21 1,092,010,904.05
Cash to repay debts 308,000,000.00 269,000,000.00
Cash paid as dividend, profit, or interests 15,654,077.17 17,312,019.09
Other cash paid for financing activities 592,783,718.46 827,038,114.47
Subtotal of cash outflow due to financing activities 916,437,795.63 1,113,350,133.56
Net cash flow generated by financing -172,663,966.42 -21,339,229.51
IV. Influence of exchange rate alternation on cash and cash equivalents
V. Net increase of cash and cash equivalents -128,120,195.63 3,970,221.34
Plus: Balance of cash and cash equivalents at the beginning of term 148,232,292.69 51,835,684.99
VI. Balance of cash and cash equivalents at the end of term 20,112,097.06 55,805,906.33
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
II. Auditors’ Report
If the 1st Quarterly Financial Statements are audited?
[] Yes [V] No
This 1st Quarterly Report is not audited.
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