Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
Chongqing Jianshe Motorcycle Co., Ltd.
The 3rd Quarterly Report 2014
2014-085
Oct 2014
1
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
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.
All of the directors presented the board meeting at which this Quarterly Report was examined.
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.
2
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
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
Changed at end of report
Ended this report
End of prev. year period over end of previous
term
period
Gross Assets (RMB) 2,507,210,861.00 2,743,952,972.93 -8.63%
Net asset attributable to owners of
51,294,632.26 150,915,146.59 -66.01%
the PLC
The amount of from beginning
From beginning of year
Increase/decrease of year to the end of report
This report term to the end of report
(%) period over the amount of
period
same period last year
Turnover (RMB) 387,215,817.54 -10.63% 1,334,386,694.49 -1.87%
Net profit attributable to
shareholders of the listed company -39,778,494.08 -39.96% -99,620,514.32 -62.03%
(yuan)
Net profit attributable to the
shareholders of the listed company
-40,096,485.58 -43.21% -96,997,293.81 -56.59%
and after deducting of non-recurring
gain/loss(RMB)
Net Cash flow generated by business
-- -- 149,001,168.26 6,805.40%
operation (RMB)
Basic earnings per share
-0.3332 -0.10% -0.8345 -0.32%
(Yuan/share)
Diluted earnings per share
-0.3332 -0.10% -0.8345 -0.32%
(Yuan/share)
Net income on asset, weighted -39.34% -13.90% -98.53% -43.37%
Non-recurring gain/loss items and amounts
In RMB Yuan
Amount of the period from
Items the beginning of year to the Remarks
end of report term
Gain/loss from disposal of non-current assets (includes the
-338,348.89
recovered part of asset impairment provision already provided)
Gains and losses included in the current period of government
subsidies, excluding those government grants which are closely
624,034.45
related to normal business and in line with national policy , or in
accordance with fixed standards or quantities
Other non-business income and expenditures other than the above -2,908,906.07
Total -2,623,220.51 --
None of non-recurring gain/loss items recognized as recurring gain/loss items as defined by the
Information Disclosure Explanatory Announcement No.1 – Non-recurring gain/loss in the report
period.
3
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
II. Total of shareholders and top-10 holders of current shares at end of period
1 Total of shareholders and top-10 holders at end of the report period
in shares
Total common shareholders at the end
11,854
of the report period
Top 10 common share holders
Amount of Frozen or pledged
Share Amount of
Name of the shareholder Properties of shareholder unconditional Status of Amoun
proportion % shares
shares held shares t
China Military Equipment
State-owned legal person 71.13% 84,906,250 84,906,250
Group Co., Ltd.
Gu Zuocheng Domestic natural person 1.86% 2,218,750 2,218,750
Domestic
Anhui Hengsheng Economic
non-state-owned legal 1.47% 1,750,000 1,750,000
Development Group Co., Ltd.
person
Feng Yonghui Domestic natural person 0.42% 500,000 500,000
Liu Dan Domestic natural person 0.90% 1,069,301 0
Zeng Qinghua Domestic natural person 0.38% 457,317 0
Hu Zhihong Domestic natural person 0.31% 366,864 0
Guo Dongjiang Domestic natural person 0.29% 343,435 0
Chen Houping Domestic natural person 0.29% 343,315 0
Zhang Huaian Domestic natural person 0.28% 330,000 0
Top 10 Holders of Unrestricted Shares
Number of unrestricted Category of shares
Name of the shareholder
shares held Category of shares Amount
Liu Dan 1,069,301 Foreign shares placed in domestic exchange 1,069,301
Zeng Qinghua 457,317 Foreign shares placed in domestic exchange 457,317
Hu Zhihong 366,864 Foreign shares placed in domestic exchange 366,864
Guo Dongjiang 343,435 Foreign shares placed in domestic exchange 343,435
Chen Houping 343,315 Foreign shares placed in domestic exchange 343,315
Zhang Huaian 330,000 Foreign shares placed in domestic exchange 330,000
Xue Fang 250,000 Foreign shares placed in domestic exchange 250,000
Shanghai Hong Kong Wanguo
163,094 Foreign shares placed in domestic exchange 163,094
Securities
He Lizhuan 160,000 Foreign shares placed in domestic exchange 160,000
Zhen Jun 153,600 Foreign shares placed in domestic exchange 153,600
There isnt any associated relationship between the sponsoring shareholder and the other
Notes to relationship or “action in shareholders among the top-10 list. None of them are regarded as Acting in concert in
concert” among the top ten accordance with The rules of information disclosure on change of shareholding. Foreign
shareholders. shareholders are unknown for their condition of Associated relationship and Acting in
concert.
Whether there was any repurchasing deal made between any of the top 10 shareholders and top 10
holders of unrestricted shares in the report period
[] Yes [V] No
No agreed repurchasing trade by shareholders in the report period
2 Total of shareholders and top-10 preferential shareholders at end of the report period
[] Applicable; [V] Not applicable
4
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
Chapter III. Significant Issues
I. Particulars and causations of material change in major accounting items and indices
√ applicable □ not applicable
1. Introducing of the new accounting standard made no material influence on the
financial position and business performances of the Company. Therefore it is not
necessary to make retrospective adjustment on the opening balances of consolida
ted financial statements.
2. State of changes in main accounting items and financial indices and correspon
ding causations
(1) Prospective liability was RMB3,226,654 at end of report period, whereas it w
as RMB0 by opening. This was caused by paying of the joint liability for account
clearance amounted to RMB3194300, and charge fee of RMB32354. (For details plea
se go to the Arbitration Announcement dated July 12, 2014.)
(2) Non-operational expenditures of RMB3,588,618.41 was at the end of report per
iod, whereas it was RMB783,179.44 at opening. It was indicated an increase of 35
8%. It was caused by the same issue as described above.
II. Analyze of significant issues and solutions
[V] ApplicableNot applicable
The Company accepted onsite inspection of China Securities Regulatory Commission Chongqing
Office during the period from June 12 to July 4, 2014. The Commission issued the document titled
“The Official Order for Chongqing Jianshe Motorcycle Co., Ltd. to Rectify Inappropriate
Operations” [2014]No.4 (referred as “the Order”) dated August 13. Upon receiving of the Order, the
Company proposed a number of measurements to improve the Companys business operation
according to the laws, regulations and requirements, and with regarding to the Companys practice.
Time table and responsible persons were assigned therein. For details please find the announcement
made by the Company on September 12.
Summary of material issues Date of disclosure Index of provisional announcement
“Report of Rectification in Responding to the
Announcement No. 2014-078 with Securities Times, Hong
Onsite Inspection of China Securities September 12, 2014
Kong Commercial Daily, and www.cninfo.com.cn,
Regulatory Commission Chongqing Office”
III. Commitment issues of shareholders with 5% or over of shares occurred in the report
period or carried down from previous report periods
According to “The Official Order for Chongqing Jianshe Motorcycle Co., Ltd. to Rectify
Inappropriate Operations” [2014]No.4 (referred as “the Order”), the Company announced its
rectification plans on September 12, and committed to implement the following measurements
within given times:
5
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
1. There is RMB140 million of goods-on-way aged 1-2 years amongst the inventories of the Sales
Company, which were generated by account transferring at settlement. The Company didnt
perform adjustment duly when occurring. The Company commits there will be cleared and adjusted
within 2014 and make sure the inventory information is accurate.
2. A number of unsettled receivable accounts, other receivable accounts, and prepayment accounts
amongst the 10 affiliated sales companies and over 200 direct-operated sales shops have been
existed for a long period of time. The Company commits to clarify those unrecoverable accounts by
providing of bad debt provisions in full amounts before disclosing of the Annual Report 2014. As
for those receivable accounts with long ages, the Company will be performing accounting
treatments under the verification of legal departments.
IV. Prospect on the business performance of year 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
[] Applicable; [V] Not applicable
No securities investment in the report period.
State of holding stocks of other PLCs.
[]Applicable [V]Not applicable
The Company was not holding any stock of other PLCs as of the end of report period.
VI. Investment in derivate instruments
[] Applicable; [V] Not applicable
No derivate instrument investment in the report period.
VII. Reception of investigation, communication, or visiting in report period
[V] Applicable Not applicable
Time/date Place Way Type of visitors Visitors Main content involved and material provided
Q: The Rectification Report has mentioned that the
Company has won in the bidding competition for
Telephone supplying contract of Changan Automobile.
The
August 18, 2014 communicat Individual Investor Whether this will influence the Companys
Company
ion performance?
A: The Company has issued announcement
No.2014-057 about this on July 12, 2014.
6
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
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 310,039,174.66 388,314,602.28
Settlement provision
Outgoing call loan
Financial assets accounted at fair value and fluctuation accounted into current income
Notes receivable 52,135,880.87 81,253,424.87
Account receivable 257,122,879.29 311,899,501.77
Prepayment 25,285,757.00 32,738,242.83
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 24,333,302.89 23,946,335.95
Repurchasing of financial assets
Inventories 272,740,143.43 299,191,811.74
Categorized as asset hold for sale
Non-current asset due in 1 year
Other current asset
Total of current asset 941,657,138.14 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 680,344,997.99 689,241,790.19
Investment real estates
Fixed assets 728,911,607.63 765,309,375.94
Construction in process 13,012,860.40 9,289,928.04
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 91,767,915.90 103,263,664.23
R&D expense 38,975,639.58 27,603,929.21
Goodwill
Long-term amortizable expenses 8,772,346.72 7,928,011.24
Deferred income tax asset 3,564,354.64 3,564,354.64
Other non-current asset 204,000.00 408,000.00
Total of non-current assets 1,565,553,722.86 1,606,609,053.49
Total of assets 2,507,210,861.00 2,743,952,972.93
Current liabilities
Short-term loans 745,455,701.23 896,805,047.85
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities booked as current gain/loss at fair value
Notes payable 752,512,714.28 742,696,400.00
7
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
Account payable 555,692,542.59 536,553,953.76
Advances received 27,094,317.88 29,177,260.79
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 2,808,804.42 2,619,043.15
Tax payable 116,406,104.79 124,374,241.36
Interest payable
Dividend payable
Other account payable 25,871,916.41 32,539,679.76
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities categorized as hold for sale
Non-current liability due in 1 year 80,500,000.00 98,000,000.00
Other current liability
Total of current liability 2,306,342,101.60 2,462,765,626.67
Non-current liabilities
Long-term borrowings 145,000,000.00 129,000,000.00
Bond payable
Long-term payable
Special payable 738,000.00 738,000.00
Expected liabilities 3,226,654.00
Deferred income tax liability
Other non-recurring liabilities
Total of non-current liabilities 148,964,654.00 129,738,000.00
Total of liability 2,455,306,755.60 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 -1,154,281,685.33 -1,054,661,171.00
Different of foreign currency translation
Total of owner’s equity belong to the parent company 51,294,632.26 150,915,146.59
Minor shareholders’ equity 609,473.14 534,199.67
Total of owners equity (or shareholders equity) 51,904,105.40 151,449,346.26
Total of liability and shareholders equity (or owners equity) 2,507,210,861.00 2,743,952,972.93
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:
Monetary capital 170,787,344.92 228,624,992.89
Financial assets accounted at fair value and fluctuation accounted into current income
Notes receivable 6,619,424.00 39,803,978.66
Account receivable 3,045,658.42 4,802,644.17
Prepayment 15,111,769.61 18,601,531.02
Interest receivable
Dividend receivable
Other account receivable 230,234,235.63 208,879,559.83
Inventories 67,067,965.78 79,555,340.09
Categorized as asset hold for sale
Non-current asset due in 1 year
8
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
Other current asset
Total of current asset 492,866,398.36 580,268,046.66
Non-current assets
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 828,377,525.87 837,478,318.07
Investment real estates
Fixed assets 590,303,131.85 616,857,994.31
Construction in process 12,660,053.49 9,289,928.04
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 79,368,884.34 90,630,390.57
R&D expense 38,975,639.58 27,603,929.21
Goodwill
Long-term amortizable expenses 2,986,654.79 1,815,694.12
Deferred income tax asset
Other non-current asset
Total of non-current assets 1,552,671,889.92 1,583,676,254.32
Total of assets 2,045,538,288.28 2,163,944,300.98
Current liabilities
Short-term loans 396,000,000.00 420,000,000.00
Financial liabilities booked as current gain/loss at fair value
Notes payable 429,182,714.28 439,186,400.00
Account payable 524,723,629.96 504,942,097.46
Advances received 4,850,061.66 3,162,370.27
Employees’ wage payable 1,885,138.46 1,356,068.19
Tax payable 121,536,785.62 125,804,653.87
Interest payable
Dividend payable
Other account payable 201,024,231.14 239,108,166.57
Liabilities categorized as hold for sale
Non-current liability due in 1 year 7,000,000.00 94,000,000.00
Other current liability
Total of current liability 1,686,202,561.12 1,827,559,756.36
Non-current liabilities
Long-term borrowings 136,000,000.00 47,000,000.00
Bond payable
Long-term payable
Special payable 738,000.00 738,000.00
Expected liabilities 3,226,654.00
Deferred income tax liability
Other non-recurring liabilities
Total of non-current liabilities 139,964,654.00 47,738,000.00
Total of liability 1,826,167,215.12 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 -984,265,021.13 -914,989,549.67
Different of foreign currency translation
Total of owners equity (or shareholders equity) 219,371,073.16 288,646,544.62
Total of liability and shareholders equity (or owners equity) 2,045,538,288.28 2,163,944,300.98
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
9
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
3. Income Statement (Consolidated) of the Report Period
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 387,215,817.54 433,289,724.35
Incl. Business income 387,215,817.54 433,289,724.35
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 436,458,472.89 467,547,462.54
Incl. Business cost 351,654,269.16 373,300,156.00
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 3,955,805.21 5,513,190.37
Sales expense 22,334,961.57 24,764,377.59
Administrative expense 39,929,836.40 37,611,894.58
Financial expenses 18,583,600.55 26,357,844.00
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 9,211,119.65 6,375,988.65
Incl. Investment gains from affiliates 9,211,119.65 6,375,988.65
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) -40,031,535.70 -27,881,749.54
Plus: non-operational income 556,123.69 327,315.13
Less: non-operational expenditure 238,132.19 750,613.65
Incl. Loss from disposal of non-current assets 227,865.52 217,613.65
IV. Gross profit (“-“ for loss) -39,713,544.20 -28,305,048.06
Less: Income tax expenses
V. Net profit (“-“ for net loss) -39,713,544.20 -28,305,048.06
Including: Net profit realized by the entity taken over before the takover
Net profit attributable to the owners of parent company -39,778,494.08 -28,421,844.46
Minor shareholders’ equity 64,949.88 116,796.40
VI. Earnings per share: -- --
(I) Basic earnings per share -0.3332 -0.2381
(II) Diluted earnings per share -0.3332 -0.2381
VII. Other misc. incomes
Incl. Other misc. gains unable to be relocated to income account in succeeding
fiscal period
Other misc. gains able to be relocated to income account in succeeding
fiscal period when certain conditions are satisfied
VIII. Total of misc. incomes -39,713,544.20 -28,305,048.06
Total of misc. incomes attributable to the owners of the parent company -39,778,494.08 -28,421,844.46
Total misc gains attributable to the minor shareholders 64,949.88 116,796.40
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
10
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
4. Income Statement (Parent Co.) of the Report Period
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
Amount of the Current Amount of the Previous
Items
Term Term
I. Turnover 260,598,287.58 374,646,828.33
Less: Operation cost 254,934,902.57 322,617,697.36
Business tax and surcharge 3,125,295.83 5,072,065.37
Sales expense 4,141,092.49 4,590,134.98
Administrative expense 29,784,021.96 28,172,937.36
Financial expenses 10,804,061.17 18,795,797.12
Asset impairment loss
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 9,211,119.65 6,375,988.65
Incl. Investment gains from affiliates 9,211,119.65 6,375,988.65
II. Operational profit (“-“ for loss) -32,979,966.79 1,774,184.79
Plus: Non business income 249,123.69 218,015.13
Less: Non-business expenses 193,235.81 533,000.00
Incl. Loss from disposal of non-current assets 193,235.81
III. Total profit (“-“ for loss) -32,924,078.91 1,459,199.92
Less: Income tax expenses
IV. Net profit (“-“ for net loss) -32,924,078.91 1,459,199.92
V. Earnings per share -- --
(I) Basic earnings per share -0.2758 0.0122
(II) Diluted earnings per share -0.2758 0.0122
VI. Other misc gains
Incl. Other misc. gains unable to be relocated to income account in succeeding
fiscal period
Other misc. gains able to be relocated to income account in succeeding
fiscal period when certain conditions are satisfied
VII. Total of integrated income -32,924,078.91 1,459,199.92
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
5. Income Statement (Consolidated) (Jan. 1 – Sept. 30, 2014)
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 1,334,386,694.49 1,359,755,338.21
Incl. Business income 1,334,386,694.49 1,359,755,338.21
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 1,457,459,436.30 1,456,514,026.90
Incl. Business cost 1,182,064,004.19 1,167,414,378.16
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
11
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
Business tax and surcharge 15,157,829.25 14,622,785.30
Sales expense 71,039,985.95 81,265,489.20
Administrative expense 121,404,667.44 114,372,876.98
Financial expenses 68,861,052.34 78,753,734.25
Asset impairment loss -1,068,102.87 84,763.01
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 26,369,207.80 35,338,885.10
Incl. Investment gains from affiliates 26,573,207.80 35,842,289.93
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) -96,703,534.01 -61,419,803.59
Plus: non-operational income 965,397.90 1,241,918.26
Less: non-operational expenditure 3,588,618.41 783,179.44
Incl. Loss from disposal of non-current assets 338,348.89 217,613.65
IV. Gross profit (“-“ for loss) -99,326,754.52 -60,961,064.77
Less: Income tax expenses 218,486.34 75,293.70
V. Net profit (“-“ for net loss) -99,545,240.86 -61,036,358.47
Including: Net profit realized by the entity taken over before the takover
Net profit attributable to the owners of parent company -99,620,514.32 -61,484,427.39
Minor shareholders’ equity 75,273.46 448,068.92
VI. Earnings per share: -- --
(I) Basic earnings per share -0.8345 -0.5151
(II) Diluted earnings per share -0.8345 -0.5151
VII. Other misc. incomes
Incl. Other misc. gains unable to be relocated to income account in succeeding
fiscal period
Other misc. gains able to be relocated to income account in succeeding
fiscal period when certain conditions are satisfied
VIII. Total of misc. incomes -99,545,240.86 -61,036,358.47
Total of misc. incomes attributable to the owners of the parent company -99,620,514.32 -61,484,427.39
Total misc gains attributable to the minor shareholders 75,273.46 448,068.92
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
6. Income Statement (Parent Co.) (Jan. 1 – Sept. 30, 2014)
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 1,088,769,334.21 1,290,057,657.79
Less: Operation cost 1,030,129,904.46 1,177,363,663.01
Business tax and surcharge 12,126,612.72 13,411,978.51
Sales expense 11,800,479.37 12,880,748.45
Administrative expense 91,653,638.66 85,240,119.90
Financial expenses 35,675,006.94 53,453,805.27
Asset impairment loss 1,543.84 -45,535.88
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 26,369,207.80 35,338,885.10
Incl. Investment gains from affiliates 26,573,207.80 35,842,289.93
II. Operational profit (“-“ for loss) -66,248,643.98 -16,908,236.37
Plus: Non business income 409,345.02 486,360.98
Less: Non-business expenses 3,436,172.50 533,000.00
Incl. Loss from disposal of non-current assets 197,219.65
III. Total profit (“-“ for loss) -69,275,471.46 -16,954,875.39
Less: Income tax expenses
IV. Net profit (“-“ for net loss) -69,275,471.46 -16,954,875.39
V. Earnings per share -- --
(I) Basic earnings per share -0.5803 -0.1420
(II) Diluted earnings per share -0.5803 -0.1420
VI. Other misc gains
Incl. Other misc. gains unable to be relocated to income account in
12
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
succeeding fiscal period
Other misc. gains able to be relocated to income account in
succeeding fiscal period when certain conditions are satisfied
VII. Total of integrated income -69,275,471.46 -16,954,875.39
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
7. Cash Flow Statement (Consolidated)(Jan. 1 – Sept. 30, 2014)
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 839,798,333.93 926,433,634.09
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 15,990,944.94 19,901,102.52
Other cash received from business operation 6,430,859.86 9,174,873.68
Sub-total of cash inflow from business activities 862,220,138.73 955,509,610.29
Cash paid for purchasing of merchandise and services 479,754,239.92 718,663,935.22
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 139,813,321.76 161,646,339.86
Taxes paid 45,690,416.14 23,266,414.08
Other cash paid for business activities 47,960,992.65 54,155,027.71
Sub-total of cash outflow from business activities 713,218,970.47 957,731,716.87
Cash flow generated by business operation, net 149,001,168.26 -2,222,106.58
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit 35,470,000.00 30,470,000.00
Net cash retrieved from disposal of fixed assets, intangible assets, and
210,030.00 9,110.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 0.00 3,036.29
Sub-total of cash inflow due to investment activities 35,680,030.00 30,482,146.29
Cash paid for construction of fixed assets, intangible assets and other
5,455,022.85 14,314,805.09
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 5,455,022.85 14,314,805.09
Net cash flow generated by investment 30,225,007.15 16,167,341.20
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor shareholders
Cash received as loans 1,044,816,336.53 1,056,901,780.34
Cash received from bond placing
Other financing-related cash received 1,160,875,547.79 1,212,330,458.59
13
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
Subtotal of cash inflow from financing activities 2,205,691,884.32 2,269,232,238.93
Cash to repay debts 1,067,023,580.26 1,123,259,633.25
Cash paid as dividend, profit, or interests 59,134,496.96 81,501,536.65
Incl. Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities 1,358,823,446.10 1,007,269,726.19
Subtotal of cash outflow due to financing activities 2,484,981,523.32 2,212,030,896.09
Net cash flow generated by financing -279,289,639.00 57,201,342.84
IV. Influence of exchange rate alternation on cash and cash equivalents 375,109.88 -1,482,163.76
V. Net increase of cash and cash equivalents -99,688,353.71 69,664,413.70
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 70,533,994.05 151,274,327.10
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
8. Cash Flow Statement (Parent Co.)(Jan. 1 – Sept. 30, 2014)
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 560,571,708.44 713,496,519.06
Tax returned 6,508,747.09 9,496,537.55
Other cash received from business operation 1,307,021.87 1,590,501.23
Sub-total of cash inflow from business activities 568,387,477.40 724,583,557.84
Cash paid for purchasing of merchandise and services 458,500,005.97 612,387,142.26
Cash paid to staffs or paid for staffs 108,753,856.29 125,621,645.49
Taxes paid 15,227,875.74 15,477,446.37
Other cash paid for business activities 13,842,092.81 15,243,977.72
Sub-total of cash outflow from business activities 596,323,830.81 768,730,211.84
Cash flow generated by business operation, net -27,936,353.41 -44,146,654.00
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit 35,470,000.00 30,470,000.00
Net cash retrieved from disposal of fixed assets, intangible assets, and
200,600.00 7,260.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 0.00 3,036.29
Sub-total of cash inflow due to investment activities 35,670,600.00 30,480,296.29
Cash paid for construction of fixed assets, intangible assets and other
4,372,886.05 12,830,199.09
long-term assets
Cash paid as investment
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 4,372,886.05 12,830,199.09
Net cash flow generated by investment 31,297,713.95 17,650,097.20
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 748,000,000.00 829,000,000.00
Cash received from bond placing
Other financing-related cash received 2,073,960,011.01 1,794,427,193.72
Subtotal of cash inflow from financing activities 2,821,960,011.01 2,623,427,193.72
Cash to repay debts 770,200,000.00 860,000,000.00
Cash paid as dividend, profit, or interests 36,351,587.47 48,663,983.56
Other cash paid for financing activities 2,116,845,316.50 1,509,684,517.48
Subtotal of cash outflow due to financing activities 2,923,396,903.97 2,418,348,501.04
Net cash flow generated by financing -101,436,892.96 205,078,692.68
IV. Influence of exchange rate alternation on cash and cash equivalents 0.00 424.99
V. Net increase of cash and cash equivalents -98,075,532.42 178,582,560.87
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 50,156,760.27 230,418,245.86
14
Chongqing Jianshe Motorcycle Co., Ltd. The 3 rd Quarterly Report 2014
Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
II. Auditors’ Report
If the 3rd quarterly report been audited
[] Yes [V] No
The 3rd quarterly report has not been audited.
15
