重庆建设摩托车股份有限公司 2015 年半年度报告全文
Chongqing Jianshe Motorcycle Co., Ltd.
The Semi-Annual Report 2015
2015-055
August 2015
1
重庆建设摩托车股份有限公司 2015 年半年度报告全文
I. Important Prompts, Table of Contents, and Definitions
The Board of Directors, The Supervisory Committee, the supervisors 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 directors presented the Board Meeting at which this report was examined:
The Company will not distribute cash dividend or bonus shares, neither capitalizing of common reserves for the
report period.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
Mr. Li Huaguang, The Company leader, Mr. Teng Feng, Chief financial officer and the Mr.Liao Jian, the person in
charge of the accounting department (the person in charge of the accounting )hereby confirm the authenticity and
completeness of the financial report enclosed in the semi-report.
Prospective statements carried in this report, such as business plans for future are not constituting any substantial
commitment to the investors. Please be cautious to the risks.
This report is prepared both in English and Chinese. When there is any conflict in understanding, the Chinese
version shall prevail.
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
Table of Contents
2015 Semi-Annual Report
I..Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Highlights and Business Highlights
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Situation of the Preferred Shares
VIII. Information about Directors, Supervisors and Senior Executives
IX. Financial Report
X. Documents available for inspection
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
Definition
Terms to be defined Defined as Definition
Company, the Company Defined as Chongqing Jianshe Motorcycle Co., Ltd.
Shenjianmo Defined as Shenzhen North Jianshe Motorcycle Co., Ltd. (predecessor of the
Company)
Military Equipment Group Defined as China Military Equipment Group Co., Ltd. (China Southern Industry
Group Co., Ltd.)
Southern Group Defined as China Southern Industry Group Co., Ltd.
Military Finance Co. Defined as Military Equipment Group Finance Co., Ltd.
Southern Motorcycle Defined as Chongqing Southern Motorcycle Co., Ltd.
Southern Motorcycle R&D Co., Ltd. Defined as Chongqing Southern Motorcycle Technologies Development Co., Ltd.
Jianshe Industry Defined as Chongqing Jianshe Industry Co., Ltd. – former State-owned Jianshe
Machinery Factory, Jianshe Industry (Group) Co., Ltd.
Jianshe Group Defined as Jianshe Industrial (Group) Co., Ltd.
Jianshe Machinery Defined as Chongqing Jianshe Machinery Co., Ltd.
China Jialin Defined as China Jialin Industry Co., Ltd. (Group)
Jinan Qingqi Defined as Jinan Qingqi Motorcycle Co., Ltd.
Changan Auto Defined as Chongqing Changan Automobile Co., Ltd.
Luoyang Northern Defined as Luoyang Northern Enterprise Group Co., Ltd.
Sales Co. Defined as Chongqing Jianshe Sales Co., Ltd.
Vehicle air conditioner Defined as Chognqing Jianshe Automobile Air-conditioner Co., Ltd.
Import & Export Co. Defined as Chongqing Northern Jianshe Import & Export Co., Ltd.
Shanghai Jianshe Defined as Shanghai Jianshe Motorcycle Co., Ltd.
Slaes Company Defined as Chongqing Jianshe Motorcycle Sales Co., Ltd.
Chongqing Yamaha Defined as Chongqing Jianshe YAMAHA Motorcycle Co., Ltd.
Zhuzhou Jianya Defined as Zhuzhou Jianshe YAMAHA Motorcycle Co., Ltd.
Pingshan Taikai Defined as Chongqing Pingshan Taikai Carburetor Co., Ltd.
Jianxing Machinery Defined as Chongqing Jianxing Machinery Co., Ltd.
Tongsheng Construction Defined as Chongqing Tongsheng Jianshe Industry Co., Ltd.
Jianshe Industry & Trading Defined as Chongqing Jianshe Industry & Trade Co., Ltd.
Fuyeda Defined as Chongqing Fuda Property Management Co., Ltd.
Jiangmen Qingqi Defined as Jiangmen Qingqi South China Motorcycle Co., Ltd.
Changan SUZUKI Defined as Chongqing Chang‘an SUZUKI Automobile Co., Ltd.
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
Changhe SUZUKI Defined as Jiangxi Changhe SUZUKI Automobile Co., Ltd.
Hebei Changan Defined as Hebei Changan Automobile Co., Ltd.
Nanjing Changan Defined as Nanjing Changan Auto Co., Ltd.
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
II. Company Profile
I. Basic Information
Stock ID Jianmo B Stock Code 200054
Stock Exchange Listed in Shenzhen Stock Exchange
Company Name in Chinese 重庆建设摩托车股份有限公司
Short form of Company Name
建设摩托
in Chinese
Company Name in English CHONGQING JIANSHE MOTORCYCLE CO.,LTD.
Short form of Company Name
JSMC-B
in English
Legal representative: Li Huaguang
2. Contact person and contact manner
Secretary of the Board Representative of Stock Affairs
Name Teng Feng Liu Hongyu
No.1 Jianshe Road, Huaxi Industrial Zone, No.1 Jianshe Road, Huaxi Industrial Zone,
Address
Ba‘nan District, Chongqing Ba‘nan District, Chongqing
Tel. 023-66295333 023-66295333
Fax. 023-66295333 023-66295333
Email. cqjsmc@jianshe.com.cn cqjsmc@jianshe.com.cn
3.Other
(1)Way to contact the Company
Whether registrations address, offices address and codes as well as website and email of the Company changed in
reporting period or not
□ Applicable □√ Not Applicable
The registered address, office address and their postal codes, website address and email address of the Company
did not change during the reporting period. The said information can be found in the 2014 Annual Report.
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
（2）About information disclosure and where this report is placed
Did any change occur to information disclosure media and where this report is placed during the reporting period?
□ Applicable √ Not applicable
The newspapers designated by the Company for information disclosure, the website designated by CSRC for
disclosing this report and the location where this report is placed did not change during the reporting period. The
said information can be found in the 2014 Annual Report.
（3）Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable √ Not applicable
Date/place for registration of the Company, registration nmber for enterprise legal license number of taxation
registration and organization code have no change in reporting period, found more details in annual report 2014.
III. Financial Highlights
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
Reporting period Same period of last year YoY+/-（%）
Operating income（RMB） 719,655,702.47 947,170,876.95 -24.02%
Net profit attributable to the shareholders
-70,888,688.67 -59,842,020.24 18.46%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -71,762,547.09 -56,900,808.23 26.12%
listed company（RMB）
Cash flow generated by business operation,
32,461,743.06 104,646,875.40 -68.98%
net（RMB）
Basic earning per share(RMB/Share) -0.5937 -0.5013 18.43%
Diluted gains per
-0.5937 -0.5013 18.43%
share(RMB/Share)(RMB/Share)
Weighted average ROE(%) -391.15% -49.45% 341.70%
As at the end of the
As at the end of last year YoY+/-（%）
reporting period
Gross assets (RMB) 2,495,703,860.31 2,389,211,010.43 4.46%
Shareholders‘ equity attributable to -53,567,492.06 17,321,196.61 -409.26%
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
shareholders of the listed company（RMB）
II.The differences between domestic and international accounting standards
1.Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed
in the financial reports of differences in net income and net assets.
□ Applicable √Not applicable
No difference .
2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese
accounting standards.
□ Applicable √Not applicable
No difference .
III．Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Items Amount Notes
Govemment subsidies recognized in currentgain and
loss(excluding those closely related to the Company‘s business 945,400.00
and granted under the state‘s policies)
Other non-business income and expenditures other than the above -71,541.58
Total 873,858.42 --
For the Company‘s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/itesm as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
IV. Board of Directors’ Report
I. Business overview
In the first half of the year, the company increasingly takes its measures to promote strategies of enterprise‘s
transformation and upgrade faced with the situation where motorcycle industry increasingly becomes worse and
industrious competition in machine parts is very ardent.
In the business of motorcycle, the system of organization structure which matches with the business has been
built and the staff structure has increasingly been improved. In addition, the company also extends the scale of
machine parts‘ production and makes resources more useful. The company properly makes the resources similar to
joint venture in order to improve benefits of resources. Nevertheless, the production quantity finished by the
company and its joint venture and associated enterprises adds up to 358,000 and the sales quantity is 357,000,
compared to the same and falling by 21.74% and 22.33. The production quantity of the company is 87,500 and
sales quantity is 86,200, falling by 52.09% and 53.38%.
In the automotive air conditioning, customers increasingly become more and more and its product structure has
been improved gradually. The project of increasing energy and improving technology in 500 air conditionings
goes well. Besides, the company gains qualification and its code as a contemporary provider of ChangAn
automobile as well as RFQ variable displacement of ChangAn P3C301. The company also invents new products
and work of low-speed rotary vane electric compressor‘s install and test has been finished. At the same time, the
investing project in motor compressor and the plan to change site have been finished. By the end of the project,
the number of compressor of automotive air conditioning made has been 955,500, decreased by 2.38% and sales
quantity has been 997,600, increasing by 4.79%, which takes up 51.16% of the year‘s plan.
Because of large shares of motorcycle in market, the business increase of automotive air conditioning can not
make up for the loss of motorcycle business. The income of the company‘s main business is less and less and there
is no benefit.
In the latter half of the year, the company will intend to carry out major assets restructuring to make company‘s
asset better and protect the interests of small and medium-sized investors according to the company‘s developing
strategy under the condition that its production and sales can be ensured. In other words, the company will give
main asset of motorcycle business and its debt to China South Industries Group Corporation— its shareholder. Up
to now, its related work including inquiry, audit and assessment has been going on.
II. Analysis on principal Business
Year-on-year changes in major financial statistics
In RMB
This report period Same period last year YOY change（%） Cause change
Operating income
719,655,702.47 947,170,876.95 -24.02% Drop size
Operating cost 636,112,118.81 830,409,735.03 -23.40% Drop size
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
Sale expenses 40,324,769.84 48,705,024.38 -17.21% Cost-cutting
Administrative expenses 71,548,604.11 81,474,831.04 -12.18%
Cost-cutting
Financial expenses 51,928,828.76 50,277,451.79 3.28%
Air-conditioning
Income tax expenses 1,335,610.09 218,486.34 511.30% Company increased
profits tax payable
Net cash flows from
operating activities
32,461,743.06 104,646,875.40 -68.98% Decrease in size.
Due to acquisition of
Net cash flows from
21,603,762.66 31,049,156.48 -30.42% fixed assets increased
investing activities
year on year
Repayment of a large
Net cash flows from
-56,066,007.50 -287,477,608.52 -80.50% number of loans last
financing activities
year
Net increase in cash and
-1,700,403.73 -151,222,227.78 98.87%
cash equivalents
Major changes in profit composition or cources during the report period
□ Applicable √ Not applicable
The profit composition or sources of the Company have remained largely unchanged during the report period.
Delay of future development and plan disclosed in Company‘s IPO prospectus, fund raising prospectus and capital
reorganization report into this report period.\
□ Applicable √ Not applicable
No future development and plan disclosed in Company‘s IPO prospectus, fund raising prospectus and capital
reorganization report into this report period.\
Implementation of business plans disclosed in previous periods in this period.
No material change in development strategy of the Company. In the report period, the headquarter realized sales
of motorcycles and engines by 86.2 thousand units, which was37.5% of the target set at the beginning; sales of
compressors by 997.6 thousand units, 51.2% of the target; consolidated turnover by RMB720 million, 40.8% of
the target.
III. Business composition
In RMB
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
Increase/decrease
Increase/decrease Increase/decrease
of rincipal
of reverue in the of gross profit
Gross profit business cost over
Turnover Operation cost same period of rate over the same
rate(%) the same period
the previous period of the
of previous year
year(%) previous year (%)
(%)
On Industries
Industry 679,961,831.35 602,424,531.71 11.40% -25.91% -25.04% -1.03%
On products
Motorcycle and
278,476,347.51 269,590,872.02 3.19% -48.29% -44.63% -6.41%
parts
Vehicle air
401,485,483.84 332,833,659.69 17.10% 5.89% 4.18% 1.36%
conditioner
On Area
Domestic 616,379,781.22 546,529,472.08 11.33% -21.38% -20.07% -1.46%
Overseas 63,582,050.13 55,895,059.63 12.09% -52.45% -54.40% 3.76%
IV. Core competitive-ness analsis
The company's core competitiveness in the reporting period has no significant changes, specific details can be
found in the 2014 annual report.
V. Analysis on investment Status
1. Foreign Equity investment
（1）External investment
□ Applicable √ Not applicable
There was no foreign investment of the Company in the reorting period.
2）Holding of the equipty in financial enterprises
□ Applicable √ Not applicable
There was no Holding of the equipty in financial enterprises.
（3）Investment in Securities
□ Applicable √ Not applicable
The Company had no investment in securities in period.
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
（4）Explanation on equity of other listed company held
□ Applicable √ Not applicable
The Company had no equity of other listed company held in period.
2.Information of trust management, derivative investment and entrusted loan
（1）Trust management
□ Applicable√ Not applicable
There was no trust management of the Company in the reorting period.
（2）Derivative investment
□ Applicable√ Not applicable
There was no derivative investment of the Company in the reporting period.
（3）Entrusted loan
□ Applicable√ Not applicable
There was no entrusted loan of the Company in the reporting period.
3．Changes of raised funds projects
□ Applicable√ Not applicable
There was no raised funds of the Company in the reporting period.
4.Analysis on principal subsidiaries and Mutual Shareholding Companies
√Applicable □Not applicable
Particulars about the principal subsidiaries and Mutual shareholding companies
In RMB
Leading Total Operating
Company Company Sectors Registered Net assets Tumover Net Profit
products assets(RMB profit
Name type engaged in capital (RMB) (RMB) (RMB)
and services ) (RMB)
Domestic
sales of RMB 215,533,85 -217,259,96 74,730,805. -22,858,8 -22,869,593.3
Sales Co. Subsidiaries Trade
motorcycles 12,000,000 0.24 3.55 41 61.70 9
and parts
Manufactur
ing and
Air RMB160,0 1,011,394,6 250,158,88 404,446,63 18,299,93 17,788,843.8
Manufactur sales of
Conditioner Subsidiaries
ing auto 00,000 31.29 2.79 6.03 2.44 1
Co.
air-conditio
ners
Production
Chongqing Shareholding Manufactur
and sales of USD65000 939,685,35 619,319,07 856,648,24 18,380,89 16,493,267.2
Yamaha company ing
motorcycles
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
and parts 000 2.38 4.71 0.74 5.68 7
Production
Zhuzhou Shareholding Manufactur and sales of USD57200 690,121,86 534,885,33 355,035,97 7,862,735
7,018,546.27
Jianya company ing motorcycles 000 9.43 9.81 4.73 .75
and parts
5. Major projects using non-raised capital
√ Applicable □Not applicable
RMB‘0000
Amount Accumulation Investment
Planned Turnover of the Disclosure Disclosure inde
Projects invested this of actual input progress of the
investment project date(if any) x(if any)
report term at end of period project
Technical
reformation of
Announcement
rotating
2011-010. at
air-conditioner
Mass www.cninfo.c
compressor 10,700 0 9,485 100.00% April 22, 2011
production om.cn dated
production (1.5
April 22,
million
2011.
productivity
expanding)
Announcement
2014-063. at
Project of
www.cninfo.co
Testing 1,800 369.93 799.93 44.40% August 5, 2014
m.cn dated
Facilities
August 5,
2014.
Technical
reformation of
Announcement
rotating
2014-064. at
air-conditioner
www.cninfo.co
compressor 10,341 380.32 380.32 3.70% August 5, 2014
m.cn dated
production (0.5
August 5,
million
2014.
productivity
expanding)
Total 22,841 750.25 10,665.25 -- -- -- --
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
VI. Prediction of business performance for January -September 2015.
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
□ Applicable √ Not applicable
VII. Explanation by the Board of Directors and the Supervisory Committee about the
“ non-standard audit report” issued by the CPAs firm for the reporting period.
□ Applicable √ Not applicable
VIII. Explanation by the Board of Directors about the “ non-standard audit report “ for
lastyear.
□ Applicable √ Not applicable
IX. Profit distribution carried out in the report period
Execution or adjustment of profit distribution, especially cash dividend, and capitalizing of reserves in the report
period.
□ Applicable √ Not applicable
Previous year‘s profit distribution plan was no profit distribution and shares converted from capital reserve either
X. Preplan for profit distribution and turning capital reserve into share capital in the
reporting period
□ Applicable √ Not applicable
The Company planed that no to distribute cash dividend, bonus shares and there was no turning of capital reserve
into share capital.
XI. Particulars about researches, visits and interviews received in this reporting period
√ Applicable □ Not applicable
Discussion topics and
Reception time Reception place Way of reception Types of visitors Vistors rece3ived
provision of materials
Q: The Company was
losing money in the past
three quqrters. Will it be
January 26,2015 The Company Telephone Individual Investor losing for the whole year?
When will the business
prospect be released? A:
The Company will release
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
business prospect before
the end of January. Please
go to the information
disclosed by the Company.
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
V. Important Events
I、Administrative position
In 2014, Chongqing Supervision Bureau conducted an on-the-spot inspection for the company, and made the
― Decision on Chongqing Jianshe Motorcycle Co., Ltd. Adopt Order Remedy Measures ‖([2014] No.4) . For the
existing matters, the company, combining the real situation, found out the reason, analyzed the insufficiency and
put forward the remedy measures in accordance with rules and requirements of related laws and regulations. See
specific reasons and remedy situation at announcements published by the company on September 12, 2014 and
April 30, 2015.Announcement No.2014-078 and No.2015-036.
II. Lawsuits affairs
Major lawsuits and Arbitration affairs
√Applicable□ Not applicable
Progress of
The oucome and Execution of
Basic situation of Involved Whether to form the
effects of litigation Date of Index of
litigation amount expected litigation(ar
litigation(arbitrati (arbitration)judg disclosure disclosure
(arbitration) (RMB‘0000) liability bitration(arb
on) ement
itration)
It was on The Company and
On July 17, 2013, May 22, Mr. Sun Weibao
Ningbo Zhenhai 2014, the were judged by
For details
Yongzheng No.5 the first sentence
please find
Investment Co., Middle to undertake the
Announcemen
Ltd. sued to the Court of liability of
t of Judgment
No.5 Middle Court Chongqing clearing the debit
No. 2014-056
of Chongqing judged that of RMB3.1943
released by
claiming for Sun Weibao million and the
Securities
compensation of 319.43 Yes and the lawsuit fee of July 12,2014
Times, Hong
RMB3.1943 Company is RMB3.24, totally
Kong
million from the jointly RMB322.67. But
Commercial
Company for responsible Mr. Sun Weibao is
Daily and
failing of to pay missing without
www.cinfo.co
receivership of RMB3.1943 contact. Therefore
m.cn dated
Ningbo Jianshe million to the Company is
July 12, 2014
Motorcycle Co., Ningbo providing full
Ltd. Zhenhai liability provision
Yongzheng in 2014. The
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
Investment Company has
Co., Ltd. raised appeal to
The the High Court,
Company and influence of
appealed for this issue on the
secondary Company‘s profit
trial to the is subject to the
High Court sentence of the 2nd
of trial.
Chongqing,
and was
accepted.
Other Lawsuits affairs
√ Applicable □ Not applicable
Progress of
The oucome and Execution of
Basic situation of Involved Whether to form the
effects of litigation Date of Index of
litigation amount expected litigation(ar
litigation(arbitrati (arbitration)judg disclosure disclosure
(arbitration) (RMB‘0000) liability bitration(ar
on) ement
bitration)
The court
judged that the
insurance
company shall
compensate
Due to the liability RMB 12
dispute of traffic thousand and
accident, In April rejected the
2014, the accuser accuser’s other
Li Wanliang filed a litigation
lawsuit to applications.
26.61 No
Chongqing Banan Since the
District People’s accuser refused
Court, claiming to accept the
the company for judgment as
compensation of final, the
RMB 266130.8. accuser filed a
lawsuit to
Chongqing
NO.5 Middle
People’s Court.
After the
17
重庆建设摩托车股份有限公司 2015 年半年度报告全文
session in June
2015, the
accuser decided
to withdraw an
action, which
the court judged
and granted the
accuser to
withdraw an
action in July.
Due to the labor
dispute, the
applicant Xu yi In July 2015,
applied to the arbitration
Chongqing Labor judged that the
Dispute company shall
Arbitration 0.77 No pay the sick pay
Committee for an of RMB 2634
arbitration in May for Xu yi, which
2015,claiming the the case was
company for the closed.
sick pay of RMB
7736.
Due to the labor
dispute, the
applicant Yang
Xiaofang applied
to Chongqing
The court
Labor Dispute
session will
Arbitration
be in July,
Committee for an 27.26 No
2015. Now
arbitration in June
this case is
2015,claiming the
pending.
company for
violation
rescission
compensation of
RMB 272619.98.
III. Query form media
□ Applicable √ Not applicable
In the reporting year, the Company had no query from media
18
重庆建设摩托车股份有限公司 2015 年半年度报告全文
IV. Bankruptcy or Reorganization Events
□ Applicable √ Not applicable
There Company was not involved in any bankruptcy or reorganization events in the reporting period.
V. Transaction in Assets
1. Purchase of assets
□ Applicable √ Not applicable
There is no purchase of assets in the Company during the reporting period.
2. Sale of assets
□ Applicable √ Not applicable
There is no sale of assets in the Company during the reporting period
3. Business combination
□ Applicable √ Not applicable
There is no Bubiness combination in the Company during the reporting period
VI. Implementation and Influence of Equity Incentive Plan of the Company
□ Applicable √ Not applicable
There is no equity incentive plan and its implementation in the Company during the reporting period.
VII. Significant related-party transactions
1. Related-party transactions concerning routine operation
√Applicable □Not applicable
Whether
Trading
Principl over the
limit Market Index
Subjects e of approve
Amount price of of
of the pricing Ratio in approve Date of
Related Relation Type of Price of of trade Way of similar inform
related the similar d disclosu
parties ship trade trade RMB0‘ payment trade ation
transacti related trades d re
000 availabl disclos
ons transacti limited e ure
ons （RMB
or not
‘0000）
(Y/N)
Subsidia
ries of
the Purchas Fair April
Jianshe Fuel &
common e of market 1,156 1.91% 2,400 No
Industry power 28, 2015
holding goods price
sharehol
der
Tongshe Purchas Fair
Affiliate Spare
ng e of market 228 0.38% 840 No April
s parts
Constru goods price
19
重庆建设摩托车股份有限公司 2015 年半年度报告全文
ction 28,2015
Chongqi Fair April
Joint Sales of Finished
ng market 10,081 14.83% 40,800 No
ventures goods products 28, 2015
Yamaha price
Grand
subsidia
ries of Fair April
Changa Sales of Finished
common market 14,968 22.01% 36,582 No
n Auto goods products 28,2015
holding price
sharehol
der
Chongqi Price on April
Joint Sales of
ng Parts agreeme 1,172 1.72% 1,755 No
ventures goods 28,2015
Yamaha nt
Grand
subsidia
Jianxing ries of Purchas Fair April
Machine common e of Parts market 1,258 2.08% 3,600 No
ry holding goods price 28,2015
sharehol
der
Purchas Fair April
Pingsha Joint
e of Parts market 355 0.59% 960 No
n Taikai ventures 28,2015
goods price
Subsidia
ries of Purchas
the e of Price on April
Jianshe Spare
common goods agreeme 4 0.01% 0 No
Industry parts 28,2015
holding and nt
sharehol services
der
Chongqi Purchas Price on April
Joint Spare
ng e of agreeme 2,182 3.61% 4,576 No
ventures parts 28,2015
Yamaha goods nt
Jiangme Under Price on April
Sales of Finished
n same agreeme 822 1.21% 1,650 No
goods products 28,2015
Qingqi control nt
Affiliate
Price on April
d Accept Labour
Fuyeda agreeme 21 0.04% 80 No
compan labor service 28,2015
nt
y
Under Purchas Fair April
China Finished
same e of market 0 0.00% 5 No
Jialin products 28,2015
control goods price
Price on April
Zhuzho Joint Sales of Spare
agreeme 391 0.58% 780 No
u Jianya ventures goods parts 28,2015
nt
Tongshe Affiliate
Fair April
ng d Sales of Spare
market 77 0.11% 364 No
Constru compan goods parts 28,2015
price
ction y
Under Fair April
China Sales of Finished
same market 0 0.00% 0 No
Jialin goods products 28,2015
control price
Sub-Sub
sidiaries Purchas Fair
Chagna April
of the e of Parts market 0 0.00% 540 No
n Auto 28,2015
common goods price
holding
20
重庆建设摩托车股份有限公司 2015 年半年度报告全文
sharehol
der
Souther
Under Purchas Fair
n Guarant April
same e of market 105 No
Motorcy ee 28,2015
control goods price
cle
Under Fair
China Sales of Finished April
same market 0 0.00% 20 No
Jialin goods products 28,2015
control price
Fair
Jiangme Under
Sales of Finished April
n same market 0 0.00% 20
goods products 28,2015
Qingqi control
price
Total -- -- 32,715 -- 95,077 -- -- -- -- --
2. Related-party transactions arising from asset acquisition or sale
□ Applicable √ Not applicable
The Company was not involved in any related-party transactions arising from asset acquisition or sale during the
reporting period.
3. Related-party transitions with joint investments
□ Applicable √ Not applicable
The Company was not involved in any related-party transaction with joint investments during the reporting
period.
4. Debtors and credits with related parties
□ Applicable √ Not applicable
The Company was not involved in any Debtors and credits with related parties during the reporting period.
5. Other related transactions
√ Applicable □ Not applicable
As of June 30, 2015,Deposits of the company in the Military Group Finance Co. is RMB 0.7141 billion, the loan
balance is RMB 70 million.
References of information disclosure about the related transactions
Title of website for the provisional
Title of provisional announcement Date of provisional announcement
announcement
Announcement on accepting of financial
January 9, 2014 www.cninfo.com.cn
service and related transactions
21
重庆建设摩托车股份有限公司 2015 年半年度报告全文
VIII. Particulars about the non-operating occupation of funds by the controlling shareholder
and other related parties of the Company
□ Applicable √ Not applicable
The Company was not involved in the non-operating occupation of funds by the controlling shareholder and other
related parties during the reporting period..
IX. Particulars about significant contracts and their fulfillment
1. Particulars about trusteeship, contract and lease
(1) Trusteeship
□ Applicable √ Not applicable
There was no any trusteeship of the Company in the reporting period.
(2) Contract
□ Applicable √ Not applicable
There was no any contract of the Company in the reporting period.
(3) Lease
□ Applicable √ Not applicable
There was not involved in any lease of the Company in the reporting period.
2. Guarantees
√ Applicable □Not applicable
RMB‘0000
External Guarantee (Exclude controlled subsidiaries)
Guarante
Relevant e
Date of
disclosure Complete for
happening Actual
Name of the date/No. of Amount of Guarantee Guarantee implemen associate
(Date of mount of
Company the Guarantee type term tation d
signing guarantee
guaranteed or not parties
agreement)
amount (Yes or
no)
May Joint
The Company 100 April 10,2014 100 11 months Yes No
23,2015 liabilities
May 23, Joint
The Company 100 March 31,2014 100 11 months Yes No
2015 liabilities
22
重庆建设摩托车股份有限公司 2015 年半年度报告全文
May Joint
The Company 2,500 October 15,2014 2,500 6 months Yes No
23,2015 liabilities
May 23, Joint
The Company 2,500 October 16,2014 2,500 6 months Yes No
2015 liabilities
May Joint
The Company 2,800 October 28,2014 2,800 6 months Yes No
23,2015 liabilities
May 23, Joint
The Company 2,100 October 30,2014 2,100 6 months Yes No
2015 liabilities
May Joint
The Company 100 May 22, 2013 100 24 months Yes No
23,2015 liabilities
May 23, Joint
The Company 4,900 May 12, 2014 4,900 12 months Yes No
2015 liabilities
May Joint
The Company 50 July 25, 2014 50 12 months No No
23,2015 liabilities
May 23, Joint
The Company 100 April 11, 2014 100 17 months No No
2015 liabilities
May Joint
The Company 100 March 31, 2014 100 17 months No No
23,2015 liabilities
May 23, Joint
The Company 2,200 May 22, 2013 2,200 30 months No No
2015 liabilities
May Joint
The Company 50 July 25, 2014 50 18 months No No
23,2015 liabilities
May 23, Joint
The Company 100 April 12, 2014 100 23 months No No
2015 liabilities
May Joint
The Company 100 March 31, 2014 100 23 months No No
23,2015 liabilities
May 23, Joint
The Company 2,400 May 22, 2013 2,400 37 months No No
2015 liabilities
May Joint
The Company 50 July 25, 2014 50 24 months No No
23,2015 liabilities
May 23, Joint
The Company 2,000 March 31, 2014 2,000 30 months No No
2015 liabilities
May Joint
The Company 2,000 April 13, 2014 2,000 29 months No No
23,2015 liabilities
May 23, Joint
The Company 200 July 25, 2014 200 31 months No No
2015 liabilities
May Joint
The Company 2,100 March 31, 2014 2,100 37 months No No
23,2015 liabilities
23
重庆建设摩托车股份有限公司 2015 年半年度报告全文
May 23, Joint
The Company 2,100 April 14, 2014 2,100 36 months No No
2015 liabilities
May Joint
The Company 300 July 25, 2014 300 37 months No No
23,2015 liabilities
May 23, Joint
The Company 2,500 April 3, 2015 2,500 6 months No No
2015 liabilities
May Joint
The Company 2,500 April 14, 2015 2,500 6 months No No
23,2015 liabilities
May 23, Joint
The Company 1,820 April 23, 2015 1,820 6 months No No
2015 liabilities
May Joint
The Company 2,100 April 28, 2015 2,100 6 months No No
23,2015 liabilities
May Joint
The Company 2,430 May 7, 2015 2,430 12 months No No
23,2015 liabilities
May 23, Joint
The Company 2,400 May 8, 2015 2,400 12 months No No
2015 liabilities
Total amount of approved Total actually amount of
external guarantee in the report 32,550 external guarantee in the 42,700
period(A1) report period(A2)
Total amount of approved Total actually amount of
external guarantee at the end of 32,550 external guarantee at the end 27,600
the report period(A3) of the report period(A4)
Guarantee of the company for its subsidiaries
Guarante
Related Date of Complete
Name of the Actually e for
announcem Amount of happening(date Guarantee Guarantee implemen
company guarantee related
ent date and guarantee of signing type term tation or
guaranteed amount party(yes
no. agreement) not
or no)
May September Joint
Sales Co. 3,150 3,150 6 months Yes No
23,2015 19,2014 liabilities
May November 5, Joint
Sales. Co. 2,800 2,800 6 months Yes No
23,2015 2014 liabilities
May Joint
Sales. Co. 2,800 June 12, 2014 2,800 12 months Yes No
23,2015 liabilities
Vehicle air May Joint
2,550 July 3, 2014 2,550 12 months Yes No
conditioner 23,2015 liabilities
Vehicle air May Joint
5,000 July 4, 2014 5,000 12 months Yes No
conditioner 23,2015 liabilities
Vehicle air Joint
May 2,450 January 22, 2,450 6 months No No
conditioner liabilities
24
重庆建设摩托车股份有限公司 2015 年半年度报告全文
23,2015 2015
Vehicle air May February 6, Joint
2,000 2,000 6 months No No
conditioner 23,2015 2015 liabilities
Vehicle air May February 4, Joint
7,000 7,000 12 months No No
conditioner 23,2015 2015 liabilities
May Joint
Sales Co. 3,150 March 12, 2015 3,150 6 months No No
23,2015 liabilities
May Joint
Sales Co. 2,800 March 17, 2015 2,800 6 months No No
23,2015 liabilities
Vehicle air May Joint
2,550 June 12, 2015 2,550 6 months No No
conditioner 23,2015 liabilities
Vehicle air May Joint
2,500 June 29, 2015 2,500 6 months No No
conditioner 23,2015 liabilities
Vehicle air May Joint
4,000 June 1, 2015 4,000 9 months No No
conditioner 23,2015 liabilities
May Joint
Sales Co, 3,000 June 1, 2015 3,000 9 months No No
23,2015 liabilities
Total amount of actual
Total amount of approving
occurred guarantee for
guarantee for subsidiaries in 91,950 45,750
subsidiaries in reportperiod
report period（B1）
（B2）
otal amount of actual occurred
Total amount of approved
guarantee for subsidiaries at
guarantee for subsidiaries at the 91,950 29,450
the end of reporting period
end of reporting period（B3）
（B4）
Guarantee of the subsidiaries for its subsidiaries
Guarante
Related Date of Complete
Name of the Actually e for
announcem Amount of happening(date Guarantee Guarantee implemen
company guarantee related
ent date and guarantee of signing type term tation or
guaranteed amount party(yes
no. agreement) not
or no)
Vehicle air May 23, September 16, Joint
3,000 3,000 6 months No No
conditioner 2015 2014 liabilities
Vehicle air May 23, September 11, Joint
2,500 2,500 12 months No No
conditioner 2015 2014 liabilities
Vehicle air May 23, September 15, Joint
2,500 2,500 12 months No No
conditioner 2015 2014 liabilities
Vehicle air May 23, Joint
3,000 March 6, 2015 3,000 6 months No No
conditioner 2015 liabilities
25
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Total amount of guarantee to
Total guarantee quota to the
the subsidiaries actually
subsidiaries approved in the 11,000 11,000
incurred in the reporting
reporting period (C1)
period (C2)
）otal balance of actual
Total guarantee quota to the
guarantee to the subsidiaries at
subsidiaries approved at the end 11,000 8,000
the end of the reporting period
of the reporting period (C3)
(C4)
Total of Company’s guarantee（namely total of the large three aforementioned）
Total of guarantee in the Period Total of actual guarantee in
135,500 99,450
（A1+B1+C1） the Period（A2+B2+C2）
Total of actual guarantee at
Total of guarantee at Period-end
135,500 Period-end 65,050
（A3+B3+C3）
（A4+B4+C4）
The Company‘s total guarantee(i.e.total of the first three main
-1,214.36%
items)（A4+B4+C4）
Incluidng：
Amount of guarantee for shareholders, actual controller and its
0
associated parties（D）
The debts guarantee amount provided for the
Guaranteed parties whose assets-liability ratio exceed 65,050
70% directly or indirectly（E）
Proportion of total amount of guarantee in net assets of the
67,728
company exceed 50%（F）
Total guarantee Amount of the abovementioned guarantees
67,728
（D+E+F）
Explanations about joint and several liability for repayment in
N/A
respect of undue guarantee(if any)
Explanation about external guarantee violating established
N/A
procedure if any）
Description of the guarantee with complex method
(1) Particulars about illegal external guarantee
□ Applicable √ Not applicable
There was no particular about illegal external guarantee of the Company in the reporting period.
2. Other significant contracts
□ Applicable √ Not applicable
There was no other significant contract of the Company in the reporting period.
26
重庆建设摩托车股份有限公司 2015 年半年度报告全文
3. Other significant transactions
□ Applicable √ Not applicable
There was no other significant transaction of the Company in the reporting period.
X. Implementation of commitments
1.Commitments made by the Company or shareholders holding over 5% of the Company‘s shares in the reporting
period or such commitments carried down into the reporting period
√ Applicable□ Not applicable
Commitment Time of making Period of
Commitment Contents Fulfillment
maker commitment commitment
According to
―The Official
Order for
On April 23,
Chongqing
2015, the Board
Jianshe
of Directors
Motorcycle Co.,
adopted
Ltd. to Rectify
proposal to
Inappropriate
provide asset
Operations‖
impairment
[2014]No.4
provision and
(referred as
neutralizing of
―The Order‖),
related debts. It
the Company
was decided to
announced its
provide
rectification
provisions on
Other commitments made to minority plans on
The Company April 28,2015 the receivable
shareholders September 12,
accounts and
and committed
other receivable
to implement the
accoutns under
following
Sales Co., the
measurements
fully-owned
within given
subsidiary, and
times:
its branch shops.
A number of (for details
unsettled please go to
receivable announcement
accounts, other released April
receivable 28, 2015)
accounts, and
prepayment
accounts
amongst the 10
27
重庆建设摩托车股份有限公司 2015 年半年度报告全文
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.
Executed timely or not? Yes
XI. Particulars about engagement and disengagement of CPAs firm
Whether the semi-annual financial report had been audited?
□ Yes √ No
The semi-annual financial report has not been audited.
XII. Punishment and Rectification
□ Applicable √ Not applicable
28
重庆建设摩托车股份有限公司 2015 年半年度报告全文
There was no any punishment and rectification of the Company in the reporting period.
XIII. Reveal of the delisting risks of illegal or violation
□ Applicable √ Not applicable
There was no any delisting risk of illegal or violation of the Company in the reporting period.
XIV. Explanation about other significant matters
□ Applicable √ Not applicable
There was no any other significant matters of the Company in the reporting period.
VI. Change of Share Equity and Shareholders
I. Statement of change in shares
In shares
Before the change Changed Currently (+,-) After the change
Issuing of Transferre
Bonus Proportio
Amount Proportion new d from Others Sub-total Amount
shares n
shares reserves
I. Shares with trade 89,375,00 89,375,00
74.87% 0 0 0 0 0 74.87%
restriction conditions 0 0
1. State-owned shares 0 0.00% 0 0 0 0 0 0 0.00%
2. State-owned legal 84,906,25 84,906,25
71.13% 0 0 0 0 0 71.13%
person shares 0 0
3. Other domestic shares 4,468,750 3.74% 0 0 0 0 0 4,468,750 3.74%
Incl. Shares held by
1,750,000 1.46% 0 0 0 0 0 1,750,000 1.46%
domestic legal persons
Domestic natural person
2,718,750 2.28% 0 0 0 0 0 2,718,750 2.28%
shares
4. Share held by foreign
0 0.00% 0 0 0 0 0 0 0.00%
investors
Incl. Shares held by
0 0.00% 0 0 0 0 0 0 0.00%
foreign legal persons
Foreign natural person
0 0.00% 0 0 0 0 0 0 0.00%
shares
II. Shares without trading 30,000,00 30,000,00
25.13% 0 0 0 0 0 25.13%
limited conditions 0 0
29
重庆建设摩托车股份有限公司 2015 年半年度报告全文
1. Common shares in RMB 0 0.00% 0 0 0 0 0 0 0.00%
2. Foreign shares in 30,000,00 30,000,00
25.13% 0 0 0 0 0 25.13%
domestic market 0 0
3. Foreign shares in
0 0.00% 0 0 0 0 0 0 0.00%
overseas market
4. Others 0 0.00% 0 0 0 0 0 0 0.00%
119,375,0 119,375,0
III. Total of capital shares 100.00% 0 0 0 0 0 100.00%
00 00
Reasons for share changed:
□ Applicable √ Not applicable
Approval of Change of Shares
□ Applicable √ Not applicable
Ownership transfer of share changes
□ Applicable √ Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to
common shareholders of Company in latest year and period
□ Applicable √ Not applicable
Other information necessary to disclose for the company or need to disclosed under requirement from security
regulators
□ Applicable √ Not applicable
Explanation on changes in aspect of total shares, shareholders structures as well as structure of assets and liability
of the Company
□ Applicable √ Not applicable
II. Number of shares and shares held
In shares
Total number of preferred
Total number of common shareholders that had restored
shareholders at the end of the 9,023 the 0
reporting period voting right at the end of the
reporting period (if any) (note 8)
Particulars about shares held above 5% by shareholders or top ten shareholders
Number Amount Number os share pledged/frozen
Amount of
Proportion of shares Changes in of
Nuture of un-restricte
Shareholders of shares held at reporting restricted
shareholder d shares State of share Amount
held（%） period period shares
held
-end held
China Southern 84,906,25 84,906,25
State-owned legal
Industry Group 71.13% 0 0
person 0 0
Co., Ltd.
30
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Domestic natural
Gu Zuocheng 1.89% 2,261,000 0 2,218,750 42,250
person
Anhui
Hengsheng Domestic
Economic non-state-owned 1.47% 1,750,000 0 1,750,000 0
Development legal person
Group Co., Ltd.
Domestic natural
Feng Yonghui 0.42% 500,000 0 500,000 0
person
Domestic natural
Liu Dan 1.01% 1,206,001 136700 0 1,206,001
person
Shanghai Hong
Overseas legal
Kong Wanguo 0.98% 1,174,885 -81915 0 1,174,885
person
Securities
Domestic natural
Chen Xinhui 0.56% 663,252 0 663,252
person
Domestic natural
Xu Yuanhui 0.33% 399,889 254014 0 399,889
person
Domestic natural
Hu Zhihong 0.31% 366,864 0 0 366,864
person
Domestic natural
Chen Houping 0.30% 359,500 15885 0 359,500
person
There isn‘t 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‘.
Top 10 holders of unconditional shares
Category of shares
Name of the shareholder Amount of unconditional shares held at end of period Category of
Amount
shares
Foreign shares
placed in
Liu Dan 1,206,001 1,206,001
domestic
exchange
Foreign shares
Shanghai Hong Kong Wanguo placed in
1,174,885 1,174,885
Securities domestic
exchange
Foreign shares
placed in
Chen Xinqiang 663,252 663,252
domestic
exchange
Foreign shares
placed in
Xu Yuanhui 399,889 399,889
domestic
exchange
31
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Foreign shares
placed in
Hu Zhihong 366,864 366,864
domestic
exchange
Foreign shares
placed in
Chen Houping 359,500 359,500
domestic
exchange
Foreign shares
placed in
Yu Lingfeng 350,525 350,525
domestic
exchange
Foreign shares
placed in
Zhang Huaian 330,000 330,000
domestic
exchange
Foreign shares
placed in
Zhao Yun 315,900 315,900
domestic
exchange
Foreign shares
placed in
冯永霞 260,275 260,275
domestic
exchange
There isn‘t any associated relationship between the sponsoring shareholder and the other
Action-in-concert among top 10
shareholders among the top-10 list. None of them are regarded as Acting in concert‘ in
non-restricted current share holders,
accordance with The rules of information disclosure on change of shareholding.‘ Foreign
top 10 non-restricted current share
shareholders are unknown for their condition of Associated relationship‘ and Acting in
holders and top 10 shareholders
concert‘.
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
III. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
32
重庆建设摩托车股份有限公司 2015 年半年度报告全文
IV. Particulars on shareholding increase scheme during the reporting period proposed or
implemented by the shareholders and act-in-concert persons
□ Applicable √ Not applicable
Within the scope known to the Company, there was no any shareholding increase scheme during the reporting
period proposed or implemented by the shareholders and act-in-concert persons.
33
重庆建设摩托车股份有限公司 2015 年半年度报告全文
VII. Situation of the Preferred Shares
□Applicable √Not applicable
The Company had no preferred shares in the reporting period
34
重庆建设摩托车股份有限公司 2015 年半年度报告全文
VIII. Information about Directors, Supervisors and Senior Executives
I. Change in shares held by directors, supervisors and senior executives
□ Applicable √ Not Applicable
There was no change in shareholding of directors, supervisors and senior management staffs, for the specific
information please refer to the 2014 Annual Report.
II. Changes in directors, supervisors and senior management staffs
√ Applicable □ Not applicable
Name Title Type Date Reason
According to party and government leaders in business
part-time (working) relevant documents, Mr. Li Jiaming
Indepenment applied to resign the independent director from the
Li Jiaming Left May 22, 2015
director
Seventh Board, and accordingly resigned from his
position from the company special committee of the
Board of Directors.
Indepenment
Liu Yulin Elected May 22, 2015
director
35
重庆建设摩托车股份有限公司 2015 年半年度报告全文
IX. Financial Report
1. Audit report
Has this semi-annual report been audited?
□ Yes √ No
The semi-annual financial report has not been audited.
II. Financial statements
Currency unit for the statements in the notes to these financial statements:RMB
1. Consolidated Balance Sheet
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
June 30, 2015
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 313,642,524.89 192,918,049.28
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable 77,379,742.78 45,673,753.36
Account receivable 249,534,443.87 255,013,689.72
Prepayments 34,907,202.05 23,181,893.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividend receivable
Other account receivable 18,571,879.69 15,618,940.96
36
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Repurchasing of financial assets
Inventories 282,087,260.80 277,612,004.04
Assets held for sales
Non-current asset due in 1 year
Other current asset 16,390,749.73 20,102,069.93
Total of current assets 992,513,803.81 830,120,400.29
Non-current assets：
Loans and payment on other‘s behalf
disbursed
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 663,332,886.78 686,110,128.77
Property investment
Fixed assets 695,605,524.55 715,930,693.00
Construction in progress 8,890,316.31 16,315,153.10
Engineering material
Fixed asset disposal 23,606.70
Production physical assets
Gas & petrol
Intangible assets 84,864,775.87 92,488,110.55
R & D petrol 39,296,053.01 36,689,261.07
Goodwill
Long-germ expenses to be amortized 7,420,764.16 7,801,134.53
Differed income tax asset 3,756,129.12 3,756,129.12
Other non-current asset
Total of non-current assets 1,503,190,056.50 1,559,090,610.14
Total of assets 2,495,703,860.31 2,389,211,010.43
Current liabilities
Short-term loans 576,800,000.00 803,500,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair
value with variations accounted into
37
重庆建设摩托车股份有限公司 2015 年半年度报告全文
current income account
Derivative financial liabilities
Bill payable 963,974,000.00 560,011,000.00
Account payable 593,300,845.25 588,221,381.72
Advance payment 21,948,376.59 19,883,635.95
Selling of repurchased financial assets
Fees and commissions receivable
Employees‘ wage payable 4,275,148.45 3,068,735.80
Tax payable 136,098,858.81 136,504,668.13
Interest payable
Dividend payable
Other account payable 20,931,491.85 24,887,424.31
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 75,000,000.00 111,000,000.00
Other current liability
Total of current liability 2,392,328,720.95 2,247,076,845.91
Non-current liabilities：
Long-term loan 153,000,000.00 121,000,000.00
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable employees‘s
remuneration
Special payable
Expected liabilities 3,226,654.00 3,226,654.00
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 156,226,654.00 124,226,654.00
Total of liability 2,548,555,374.95 2,371,303,499.91
38
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Owners‘ equity
Share capital 119,375,000.00 119,375,000.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 960,515,317.59 960,515,317.59
Less：Shares in stock
Other comprehensive income
Special reserves
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Undistributed profit -1,259,143,809.65 -1,188,255,120.98
Total of owner‘s equity belong to the
-53,567,492.06 17,321,196.61
parent company
Minority shareholders‘ equity 715,977.42 586,313.91
Total of owners‘ equity -52,851,514.64 17,907,510.52
Total of liabilities and owners‘ equity 2,495,703,860.31 2,389,211,010.43
Legal Representative:Li Huaguang
Person in charge of accounting：Teng Feng
Accounting Dept Leader: Liao Jian
2. Balance sheet of Parent Company
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 112,200,035.40 91,357,585.62
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Bill receivable 41,006,290.20 29,995,643.90
Account receivable 3,164,491.00 26,337,349.85
Prepayments 15,290,626.60 9,953,627.54
39
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Interest receivable
Dividend receivable
Other account receivable 260,618,289.83 242,329,759.01
Inventories 77,428,290.91 63,334,869.40
Assets held for sales
Non-current asset due in 1 year
Other current asset 12,292,552.33 12,315,142.81
Total of current assets 522,000,576.27 475,623,978.13
Non-current assets：
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 811,104,423.36 833,881,665.35
Property investment
Fixed assets 528,510,667.90 580,792,688.69
Construction in progress 2,857,126.30 15,962,346.19
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 72,699,986.41 80,167,159.69
R & D petrol 39,296,053.01 36,689,261.07
Goodwill
Long-germ expenses to be amortized 2,767,420.71 2,420,539.48
Deferred income tax asset
Other non-current asset
Total of non-current assets 1,457,235,677.69 1,549,913,660.47
Total of assets 1,979,236,253.96 2,025,537,638.60
Current liabilities
Short-term loans 412,800,000.00 546,000,000.00
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Bill payable 359,004,000.00 240,011,000.00
40
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Account payable 550,901,427.22 562,631,216.39
Advance payment 2,800,846.80 3,927,911.39
Employees‘ wage payable 1,933,930.50 1,844,709.68
Tax payable 136,193,416.19 135,863,482.56
Interest payable
Dividend payable
Other account payable 247,070,441.68 203,369,913.46
Liabilities held for sales
Non-current liability due in 1 year 24,000,000.00 28,000,000.00
Other current liability
Total of current liability 1,734,704,062.39 1,721,648,233.48
Non-current liabilities：
Long-term loan 114,500,000.00 114,000,000.00
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Employees‘ wage payable
Special payable
Expected liabilities 3,226,654.00 3,226,654.00
Deferred income
Deferred income tax liability
Other non-current liabilities
Total of Non-current liabilities 117,726,654.00 117,226,654.00
Total of liability 1,852,430,716.39 1,838,874,887.48
Owners‘ equity
Share capital 119,375,000.00 119,375,000.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 958,575,094.29 958,575,094.29
Less：Shares in stock
Other comprehensive income
Special reserves
41
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Surplus reserves 125,686,000.00 125,686,000.00
Undistributed profit -1,076,830,556.72 -1,016,973,343.17
Total of owners‘ equity 126,805,537.57 186,662,751.12
Total of liabilities and owners‘ equity 1,979,236,253.96 2,025,537,638.60
3.Consolidated Profit Statement
In RMB
Items Report period Same period of the previous year
I. Income from the key business 719,655,702.47 947,170,876.95
Incl：Business income 719,655,702.47 947,170,876.95
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 801,675,733.97 1,021,000,963.41
Incl：Business cost 636,112,118.81 830,409,735.03
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 1,737,032.68 11,202,024.04
Sales expense 40,324,769.84 48,705,024.38
Administrative expense 71,548,604.11 81,474,831.04
Financial expenses 51,928,828.76 50,277,451.79
Asset impairment loss 24,379.77 -1,068,102.87
Add：Gains from change of fir value
（―-‖for loss）
Investment gain（―-‖for loss） 11,722,758.01 17,158,088.15
Incl: investment gains from affiliates 11,722,758.01 17,362,088.15
Gains from currency exchange（―-‖for
loss）
III. Operational profit（―-‖for loss） -70,297,273.49 -56,671,998.31
42
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Add ：Non-operational income 1,242,323.98 409,274.21
Including：Income from disposal of
non-current assets
Less：Non business expenses 368,465.56 3,350,486.22
Incl：Loss from disposal of non-current
18,231.69 110,483.37
assets
IV.Total profit(―-‖for loss) -69,423,415.07 -59,613,210.32
Less：Income tax expenses 1,335,610.09 218,486.34
V. Net profit -70,759,025.16 -59,831,696.66
Net profit attributable to the owners of
-70,888,688.67 -59,842,020.24
parent company
Minority shareholders‘ equity 129,663.51 10,323.58
VI. Other comprehensive income
Net of profit of other comprehensive inco
me attributable to owners of the parent co
mpany.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
（II）
Other comprehensive income that will b
e reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2.Gains and losses from changes in fair v
alue available for sale financial assets
3.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
4.The effective portion of cash flow hedg
es and losses
5.Translation differences in currency fina
ncial statements
43
重庆建设摩托车股份有限公司 2015 年半年度报告全文
6.Other
7.Net of profit of other comprehensive i
ncome attributable to Minority
shareholders‘ equity
VII. Total comprehensive income -70,759,025.16 -59,831,696.66
Total comprehensive income attributable
-70,888,688.67 -59,842,020.24
to the owner of the parent company
Total comprehensive income attributable
129,663.51 10,323.58
minority shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.5937 -0.5013
(II)Diluted earnings per share -0.5937 -0.5013
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0, last period the combined party realized RMB 0.
Legal Representative:Li Huaguang
4. Profit statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 554,797,443.95 828,171,046.63
Incl：Business cost 543,691,486.17 775,195,001.89
Business tax and surcharge 139,356.48 9,001,316.89
Sales expense 5,678,433.04 7,659,386.88
Administrative expense 49,664,641.37 61,869,616.70
Financial expenses 27,051,136.19 24,870,945.77
Asset impairment loss 6,659.35 1,543.84
Add：Gains from change of fir value
（―-‖for loss）
Investment gain（―-‖for loss） 11,722,758.01 17,158,088.15
Incl: investment gains from affiliates 11,722,758.01 17,362,088.15
II. Operational profit（―-‖for loss） -59,711,510.64 -33,268,677.19
Add ：Non-operational income 144,259.69 160,221.33
Including：Income from disposal of
non-current assets
Less：Non business expenses 289,962.60 3,242,936.69
44
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Incl：Loss from disposal of non-current
3,983.84
assets
III.Total profit(―-‖for loss) -59,857,213.55 -36,351,392.55
Less：Income tax expenses
IV. Net profit（―-‖for net loss） -59,857,213.55 -36,351,392.55
V.Net of profit of other comprehensive i
ncome
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（ II ）
Other comprehensive income that will b
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
ancial statements
6.Other
VI. Total comprehensive income -59,857,213.55 -36,351,392.55
VII. Earnings per share：
（I）Basic earnings per share -0.5013 -0.3045
(II)Diluted earnings per share -0.5013 -0.3045
45
重庆建设摩托车股份有限公司 2015 年半年度报告全文
5. Consolidated Cash flow statement
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
470,857,947.16 602,732,563.44
rending of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from
other financial bodies
Cash received against original insurance
contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of amount from disposal
financial assets that measured by fair
value and with variation reckoned into
current gains/losses
Net increase of inter-bank fund
received
Net increase of trade financial asset
disposal
Net increase of repurchasing business
Tax returned 3,779,424.68 7,424,555.79
Other cash received from business
4,586,659.28 4,423,843.54
operation
Sub-total of cash inflow 479,224,031.12 614,580,962.77
Cash paid for purchasing of
318,734,463.96 346,854,154.55
merchandise and services
Net increase of client trade and advance
Net increase of savings n central bank
and brother company
Cash paid for original contract claim
46
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 81,688,184.30 94,882,001.88
Taxes paid 18,992,536.22 34,976,551.72
Other cash paid for business activities 27,347,103.58 33,221,379.22
Sub-total of cash outflow from business
446,762,288.06 509,934,087.37
activities
Cash flow generated by business
32,461,743.06 104,646,875.40
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 34,500,000.00 35,470,000.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 104,466.45 6,150.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to
34,604,466.45 35,476,150.00
investment activities
Cash paid for construction of
fixed assets, intangible assets 13,000,703.79 4,426,993.52
and other 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
13,000,703.79 4,426,993.52
investment activities
Net cash flow generated by investment 21,603,762.66 31,049,156.48
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
47
重庆建设摩托车股份有限公司 2015 年半年度报告全文
minor shareholders
Cash received as loans 391,800,000.00 604,502,536.33
Cash received from bond placing
Other financing –related ash received 778,707,557.01 782,532,081.15
Sub-total of cash inflow from financing
1,170,507,557.01 1,387,034,617.48
activities
Cash to repay debts 648,214,611.10 754,354,202.21
Cash paid as dividend, profit, or
55,844,249.46 41,261,669.10
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 522,514,703.95 878,896,354.69
Sub-total of cash outflow due to
1,226,573,564.51 1,674,512,226.00
financing activities
Net cash flow generated by financing -56,066,007.50 -287,477,608.52
IV. Influence of exchange rate
300,098.05 559,348.86
alternation on cash and cash equivalents
V.Net increase of cash and cash
-1,700,403.73 -151,222,227.78
equivalents
Add: balance of cash and cash
35,555,585.06 170,222,347.76
equivalents at the beginning of term
VI ..Balance of cash and cash
33,855,181.33 19,000,119.98
equivalents at the end of term
6. Cash flow statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
221,390,185.62 370,834,572.00
rending of services
Tax returned 1,694,201.68 3,620,265.99
Other cash received from business
1,471,385.63 1,144,720.91
operation
Sub-total of cash inflow 224,555,772.93 375,599,558.90
Cash paid for purchasing of
287,039,188.03 300,883,941.50
merchandise and services
48
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Cash paid to staffs or paid for staffs 67,135,296.30 73,190,739.04
Taxes paid 3,887,287.07 11,367,643.37
Other cash paid for business activities 10,082,216.82 10,117,170.75
Sub-total of cash outflow from business
368,143,988.22 395,559,494.66
activities
Cash flow generated by business
-143,588,215.29 -19,959,935.76
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 34,500,000.00 35,470,000.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 98,316.45
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to
34,598,316.45 35,470,000.00
investment activities
Cash paid for construction of
fixed assets, intangible assets 2,434,576.27 3,502,656.72
and other 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
2,434,576.27 3,502,656.72
investment activities
Net cash flow generated by investment 32,163,740.18 31,967,343.28
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 292,800,000.00 459,771,901.03
Cash received from bond placing
Other financing –related ash received 1,143,615,681.08 1,462,577,362.13
Sub-total of cash inflow from financing
1,436,415,681.08 1,922,349,263.16
activities
49
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Cash to repay debts 429,500,000.00 543,200,000.00
Cash paid as dividend, profit, or
31,351,610.93 25,122,234.72
interests
Other cash paid for financing activities 881,092,856.76 1,510,137,084.48
Sub-total of cash outflow due to
1,341,944,467.69 2,078,459,319.20
financing activities
Net cash flow generated by financing 94,471,213.39 -156,110,056.04
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
-16,953,261.72 -144,102,648.52
equivalents
Add: balance of cash and cash
22,292,965.15 148,232,292.69
equivalents at the beginning of term
VI ..Balance of cash and cash
5,339,703.43 4,129,644.17
equivalents at the end of term
7. Consolidated Statement on Change in Owners’ Equity
Amount in this period
In RMB
50
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Amount in this period
Owner‘s equity Attributable to the Parent Company
Other Equity instrusment Minor Total of
Items
Less: Other Common
Share Capital Specialized Surplus Attributable shareholder owners‘
preferred Shares in Comprehen risk
Capital reserves reserve reserves profit s‘ equity equity
Sustainab Other
stock stock sive Income provision
le debt
I.Balance at the end of last 119,375,0 958,575,094 125,686,000 -914,989,54 288,646,544 2,196,249,2
year 00.00 .29 .00 9.67 .62 48.26
Add: Change of accounting
policy
Correcting of previous
errors
Merger of entities under
common control
119,375,0 958,575,094 125,686,000 -914,989,54 288,646,544
Other
00.00 .29 .00 9.67 .62
II.Balance at the beginning -36,351,392 -36,351,392 2,196,249,2
of current year .55 .55 48.26
III.Changed in the current -36,351,392 -36,351,392 -21,700,433
year .55 .55 .22
（1）Total comprehensive -21,700,433
income .22
（II）Investment or
decreasing of capital by
owners
51
重庆建设摩托车股份有限公司 2015 年半年度报告全文
1．Ordinary Shares investe
d by hareholders
2．Holders of other equity
instruments invested capital
3．Amount of shares paid
and accounted as owners‘
equity
4．Other
（III）Profit allotment
1.Providing of surplus
reserves
2.Providing of common
risk provisions
3．Allotment to the owners
(or shareholders)
4．Other
(IV) 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.
52
重庆建设摩托车股份有限公司 2015 年半年度报告全文
4. Other
(V). Special reserves
1. Provided this year
119,375,0 958,575,094 125,686,000 -951,340,94 252,295,152
2．Used this term
00.00 .29 .00 2.22 .07
（VI）Other
IV. Balance at the end of 506,521,8 1,585,130,0 4,020,656.2 64,403,027. 14,473,231. 2,174,548,8
this term 49.00 51.37 9 10 28 15.04
Amount in last year
In RMB
Amount in last year
Owner‘s equity Attributable to the Parent Company
Other Equity instrusment Minor Total of
Items
Other Common
share Capital Less: Shares Specialized Surplus Attributable shareholder owners‘
preferred Comprehen risk
Capita reserves in stock reserve reserves profit s‘ equity equity
Sustainab Other
stock sive Income provision
le debt
I.Balance at the end of last 119,375,0 960,515,317 125,686,000 -1,054,661,1 151,449,34
534,199.68
year 00.00 .59 .00 71.00 6.27
Add: Change of accounting
policy
Correcting of previous
errors
53
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Merger of entities under
common control
Other
II.Balance at the beginning 119,375,0 960,515,317 125,686,000 -1,054,661,1 151,449,34
534,199.68
of current year 00.00 .59 .00 71.00 6.27
III.Changed in the current -59,842,020. -59,831,696
10,323.58
year 24 .66
（1）Total comprehensive -59,842,020. -59,831,696
10,323.58
income 24 .66
（II）Investment or
decreasing of capital by
owners
1．Ordinary Shares investe
d by hareholders
2 ．Holders of other equity
instruments invested capital
3．Allotment to the owners
(or shareholders)
4．Other
(IV) Internal transferring of
owners‘ equity
1. Capitalizing of capital
reserves (or to capital
shares)
2. Capitalizing of surplus
reserves (or to capital
54
重庆建设摩托车股份有限公司 2015 年半年度报告全文
shares)
3．Making up losses by
surplus reserves.
4. Other
(VI )Special reserves
1. Provided this year
2．Used this term
（VII）Other
IV. Balance at the end of
this term
(V) Special reserves
1. Provided this year
2．Used this term
（VI）Other
IV. Balance at the end of 119,375,0 960,515,317 125,686,000 -1,114,503,1 91,617,649.
544,523.26
this term 00.00 .59 .00 91.24 61
8. Statement of change in owner’s Equity of the Parent Company
Amount in this period
In RMB
Amount in this period
Items Other Equity instrusment Capital Less: Shares in Other Specialized Surplus Total of
Attributable
Share cpaital
preferred Other reserves stock Comprehensiv reserve reserves profit owners‘ equity
55
重庆建设摩托车股份有限公司 2015 年半年度报告全文
stock Sustainable e Income
debt
119,375,000. 958,575,094.2 125,686,000.0 -1,016,973,3 186,662,751.1
I.Balance at the end of last
year 00 9 0 43.17 2
Add: Change of accounting
policy
Correcting of previous
errors
Other
II.Balance at the beginning 119,375,000. 958,575,094.2 125,686,000.0 -1,016,973,3 186,662,751.1
of current year 00 9 0 43.17 2
III.Changed in the current -59,857,213. -59,857,213.5
year 55 5
（1）Total comprehensive -59,857,213. -59,857,213.5
income 55 5
（II）Investment or
decreasing of capital by
owners
1 ． Ordinary Shares investe
d by hareholders
2．Holders of other equity i
nstruments invested capital
3．Allotment to the owners
(or shareholders)
4．Other
（III）Profit allotment
56
重庆建设摩托车股份有限公司 2015 年半年度报告全文
1.Providing of surplus
reserves
2．Allotment to the owners
(or shareholders)
3．Other
(IV)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. Other
(V) Special reserves
1. Provided this year
2．Used this term
（VI）Other
IV. Balance at the end of 119,375,000. 958,575,094.2 125,686,000.0 -1,076,830,5 126,805,537.5
this term 00 9 0 56.72 7
Amount in last year
In RMB
57
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Amount in last year
Other Equity instrusment
Other
Items Share Other Capital Less: Shares in Specialized Surplus Attributable Total of
preferred Comprehensiv
Capital Sustainable reserves stock reserve reserves profit owners‘ equity
stock e Income
debt
119,375,000. 958,575,094.2 125,686,000.0 -914,989,54 288,646,544.6
I.Balance at the end of last
year 00 9 0 9.67 2
Add: Change of accounting
policy
Correcting of previous
errors
Other
II.Balance at the beginning 119,375,000. 958,575,094.2 125,686,000.0 -914,989,54 288,646,544.6
of current year 00 9 0 9.67 2
III.Changed in the current -36,351,392. -36,351,392.5
year 55 5
（1）Total comprehensive -36,351,392. -36,351,392.5
income 55 5
（II）Investment or
decreasing of capital by
owners
1 ． Ordinary Shares investe
d by hareholders
2．Holders of other equity i
nstruments invested capital
3．Allotment to the owners
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
(or shareholders)
4．Other
（III）Profit allotment
1.Providing of surplus
reserves
2．Allotment to the owners
(or shareholders)
3．Other
(IV)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. Other
(V) Special reserves
1. Provided this year
2．Used this term
（VI）Other
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
IV. Balance at the end of 119,375,000. 958,575,094.2 125,686,000.0 -951,340,94 252,295,152.0
this term 00 9 0 2.22 7
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III.Corporate information
Chongqing Jianshe Motorcycle Co., Ltd. (hereinafter referred to as the "Company", "Company" or "Chongqing
Jianshe Motorcycle ") was jointly set up in July 1995 by the Construction Industry (Group) Co., Ltd. and China
North Industries Shenzhen Corporation. The Business License of the Enterprise Legal Person of the Company: No.
500000400001350.The Company was listed in July 1995 at the Shenzhen Stock Exchange. The Company is
engaged in the manufacturing industry.
As at December 31, 2014, the Company issued 119,375,000 shares in total and had the registered capital of
119,375,000. The registration place: NO.1, JIANSHE ROAD HUAXI INDUSTRY PARK, BANAN DISTRICT,
CHONGQING; the headquarters address: Banan District, Chongqing Municipality. Legal representative: Li
Huaguang. The main business activities: research and development, processing, manufacturing and related
technical services of Motorcycles, auto parts, accessories, machinery products, design , manufacturing and related
technical services of tooling (except for those subject to national special provisions) ; R & D, production and sales
of motorcycle engines; research , development and processing of mechanical and electrical products, home
appliances, bicycles, environmental protection product; imports, wholesale, retail, commission agency (except
auction) of similar products of these products. The parent company and the actual controller of the Company is
China South Industries Group Corporation, and the ultimate controller of the Company is the State-owned Assets
Supervision and Administration Commission (SASAC).
The financial statements have been authorized for issuance by the Board of Directors of the Group on August
26,2015.
As at June 30,2015, the subsidiaries included in the scope of consolidated financial statements of the
Company are presented as set out below:
Name of the subsidiary
Chongqing Jianshe Sales Co., Ltd.
Chongqing Northe Import and Export Trade Co., Ltd.
Chongqing Jianshe Automobile A/C Co., Ltd.
Shanghai Jianshe Motorcycle Co., Ltd.
Chongqing Jianshe Motorcycle Distribution Co., Ltd.
See "Note 8 Change in the scope of consolidation" and "Note 9 Interests in other entities" for details of
scope consolidated financial statements and the change therein.
IV.Basis of preparation for financial statements
1.Basis of preparation
The Company prepares the financial statements on the basis of going concern, according to actual transactions and
events, the subsequently issued Accounting Standards for Business Enterprises – Application Guidelines, and the
Accounting Standards for Business Enterprises – Interpretations and other relevant provisions (hereinafter
collectively referred to as ―Accounting Standards for Business Enterprises‖), as well as Compilation Rules for
Information Disclosure by Companies Offering Securities to the Public No. 15 - General Provisions on Financial
Reports issued by China Securities Regulatory Commission.
2.Going concern
The Company was on a going concern basis in 12 months as of the end of the current reporting period and was not
affected by any material event having impact on the going concern.
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V. Principal accounting policies and accounting estimates
Specific accounting policies and accounting estimates:
The disclosure as set out below cover the specific accounting policies and accounting estimates developed by the
Company in accordance with the actual production and management features. See "Note 3.11 Provision for bad
debts of accounts receivables, "Note 3.12 Inventories", "Note 3.16 Fixed assets", "Note 3.19 Intangible assets"
and "3.25 Revenues" for details.
1.Statements on Compliance with Accounting Standards for Business Enterprises
The financial statements prepared by the Company meet the requirements of the Accounting Standards for
Business Enterprises and truly and completely reflect the Company‘s financial position, operating results and cash
flows, etc. for the reporting period.
2.Accounting period
The accounting year is from January 1 to December 31.
3.Operating cycle
The Company has an operating cycle of 12 months.
4.Functional currency
The functional currency is Renminbi.
5.Accounting treatments of the combination of enterprises under common control and the combination of
enterprises not under the common control
Business combination under common control: The assets and liabilities acquired by the Company in a business
combination are stated at the book value of the assets and liabilities (including the goodwill arising from the
acquisition of the acquiree by the ultimate controller) of the acquiree on the combination date. The stock premium
in the capital reserve is adjusted according to the difference between the book value of net assets acquired through
combination and the book value of consideration paid for the combination (or total par value of shares issued). If
the stock premium in the capital reserves is insufficient to cover the difference, the remaining amount shall be
charged against retained earnings.
Combination of enterprises not under the common control: The assets paid and liabilities incurred or assumed by
the Company on the acquisition date for the business combination are measured at their fair values, and the
difference between the fair value and book value is charged to the current profit or loss. The Company shall
recognize the difference of the combination costs in excess of the fair value of the identifiable net assets acquired
from the acquiree as goodwill. The difference of the combination costs in short of the fair value of the identifiable
net assets acquired from the acquiree is charged to the current profit and loss after review.
The intermediary service charges incurred for audit, legal service, consulting services and other direct relevant
expenses are charged to the current profit and loss; the transaction costs incurred for issuance of equity securities
for business combination offest the equities.
6.Preparation of consolidated financial statements
1.Scope of consolidation
The scope of consolidated financial statements is determined on the basis of control, and all subsidiaries
(including the divisable portion of the investee under the control of the Company) are included in the consolidated
financial statements.
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2.Combination procedures
The Company prepares the consolidated financial statements on the basis of the financial statements of itself and
its subsidiaries, according to other relevant information. When preparing the consolidated financial statements, the
Company regards the whole group as an accounting entity to reflect the overall financial position, operating
results and cash flow of the Group, in accordance with requirements of relevant accounting standards for the
recognition, measurement and presentation, on the basis of the uniform accounting policies.
The accounting polidies and accounting period adopted by the subsidiaries included in the scope of consolidated
financial statements are in line with those adopted by the Company. In case any disrepancy between the
accounting policies and accounting period adopted by the subsidiary and those adopted by the Company, the
adjustment will be made in light of the accounting policies and accounting period adopted by the Company, when
the consolidated financial statements are prepared.The financial statements of the subsidiary acquired through the
combination of enterprises not under common control are adjusted on the basis of the fair value of the identifiable
net assts on the acquisition date. The financial assets of the subsidiary acquired through the combination of
enterprises under the common control are adjusted on the basis of the book value of the assets and liabilities
(including the goodwill arising from the acquisition of such subsidiary by the ultimate controller) as stated in the
financial statements of the ultimate controller.
The owners' equities, current net profit or loss and current comprehensive income attributable to minority
shareholders are separately presented under the owners' equities item of the consolidated balance sheet, net profit
item and total comprehensive income item of the consolidated income statement, respectively. Where the current
losses attributable to minority shareholders of the subsidiary exceed the owners' equities attributable to the same at
the period beginning, the difference between them will offset the minority equity.
(1) Increase of the subsidiary or business
In case of increase of subsidiary or business as a result of combination of enterprises under common control
during the reporting period, the beginning amount stated in the consolidated balance sheet will be adjusted; the
income, expense and profit generated from the subsidiary or business from the beginning of the period of
combination to the end of reporting period will be included in the consolidated statement of cash flows, with the
adjustment made to the relevant items of the comparative statement, as if the reporting entity after the
combination still existed from the beginning of control of the ultimate controller.
Where the additional investment or other reason leads to the control over the investee under the common control,
all entities considered to take a part in the combination will be adjusted to the extent that they are in the current
status as they come to be under the control of the ultimate controller. The retained earnings or the current profit or
loss at the period beginning during the statement period are offset by equity investment held before the control
over the mergee is obtained, and the equity investments held before the control over the acquiree is obtained, and
the related profit or loss, other comprehensive income and change in other net assets that are recognized during
the period which starts on the later of the date when the original equities are obtained and the date when both
merger and mergee are under the common control and ends on the combination date, respectively.
In case of increase of subsidiary or business during the reporting period as a result of combination of enterprises
not under the common control, the beginning amount stated in the consolidated balance sheet will not be adjusted;
the income, expense and profit generated from such subsidiary or business from the acquisition date to the end of
reporting period will be included in the consolidated income statement; and the cash flow generated from such
subsidiary or business from the acquisition date to the end of reporting period will be incldued in the consolidated
statement of cash flows.
Where the additional investment or other reason leads to the control over the investee not under the common
control, the equities of the mergee held before the acquisition date will be remeasured at the fair value of such
equities on the acquisition date, and the difference between the fair value and book value thereof will be charged
to the current investment income. Where the equities of the acquiree held before the acquisition date involves the
change in other comprehensive income or in other owners' equities other than the net profit or loss, other
comprehensive income and profit distribution, the change in other comprehensive income or other owners'
equities will be converted into tthe investment income for the period covering the acquisition date, except for the
other comprehensive income arising from the change on remeasurement of the net liabilities or net assets under
the defined benefit plan by the investee.
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(2) Disposal of the subsidiary or business
a. General method of treatment
In case of treatment of subsidiary or business during the reporting, the the income, expense and profit generated
from such subsidiary or business from the period beginning to the disposal date will be included in the
consolidated income statement; and the cash flow generated from such subsidiary or business from the period
beginning to the disposal date will be incldued in the consolidated statement of cash flows.
Where the control over the investee is lost due to the disposal of some of equity investments or other reasons, the
remaining equity investment after disposal will be re-measured at fair value on the day when the control is
lost.The sum of the consideration received for disposal of equities and the fair value of the remaining equities, less
the difference between the net assets of the former subsidiary of which the continuous calculation starts from the
acquisition date or combination date and the goodwill, should be charged to the investment income for the period
during which the control is lost.Changes in other comprehensive income related to the equity investment in the
former subsidiary or in owners' equities other than the net profit or loss, other comprehensive income and profit
distribution are converted into the current investment income upon the loss of control, except for the other
comprehensive income arising from the change on remeasurement of the net liabilities or net assets under the
defined benefit plan by the investee.
b. Disposal of subsidiary by stages
In case of disposal of investment in the equity of subsidiary by stages through a number of transactions, such
transactions will be treated as a package deal, provided that the terms and conditions on and the economic effect
of the equity investment in the subsidiary meet one of more of the following conditions:
ⅰ. These transactions are entered into considering their effects are considered;
ⅱ. These transactions can lead to a complete business result as a whole;
ⅲ. The occurrence of a transaction depends on the occurrence of at least one of others; and
ⅳ. A single transaction is deemed uneconomical, but the economical efficiency can be seen when it is put
together with other transactions;
Where the transctions involved in the disposal of the equity investment in the subsidiary are package
deals, the Company will treat each transaction as the one involved in the disposal of the subsidiary with
loss of control; however, the difference between the consideration for each disposal before the loss of
control and the net assets of such subsidiary corresponding to the disposal of investment will be
recognized as other comprehensive income in the consolidated financial statements, and will be
transferred to the loss or profit for the period during which the control is lost, upon the loss of control.
Where the transctions involved in the disposal of the equity investment in the subsidiary are not package
deals, these transactions will be treated according to the policies on the disposal of part of the equity
investments in the subsidiary without loss of control, before the loss of control; or treated in the general
treatment method of disposa of subsidiary, upon the loss of control.
(3) Acquisition of minority equity of subsidiary
The stock premium under the capital reserve in the consolidated balance sheet is adjusted at the difference
between the long-term equity investment newly acquired as a result of acquisition of minority equity and the net
assets of the subsidiary attributable to the Company, of which the continuous calculation starts from the
acquisition date (or combination date); and the retained earnings will be adjusted if the stock premium under the
capital reserve is insufficient as to the offset.
(4) Disposal of part of the equity investments in the subsidiary without loss of control
The stock premium under the capital reserve in the consolidated balance sheet is adjusted at the difference
between the consideration received for the disposal of part of the long-term equity investments in the subsidiary
without loss of control and the net assets of the subsidiary attributable to the Company, of which the continuous
calculation starts from the acquisition date (or combination date); and the retained earnings will be adjusted if the
stock premium under the capital reserve is insufficient as to the offset.
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7 Classification and accounting treatment of joint venture arrangement
Joint venture arrangement is classified into joint operation and joint ventures.
In terms of the joint operation, the Company is the joint venturer under the joint venture arrangement and is
entitled to the assets and bear the liabilities under such arrangement.
The Company recognizes the following items in relation with the share of interest in the joint operation, and
conducts the accounting treatment of the the said items according to the provisions of Accounting Standards for
Enterprises:
(1) Recognition of the assets held separately by the Company and of the assets held by the Company jointly
others in proportion;
(2) Recognition of the liabilities separately borne by the Company and of the liabilities borne by the Company
jointly others in proportion;
(3) Recognition of proportioned income generated attributable to the Company as one of the co-operators;
(4) Recognition of income generated fattributible to the Company as one of the co-sellers;
(5) Recognition of the expenses incurred separately and the proportioned expenses incurred by the Company as
one of the co-opeartors.
See "Note for detailed of accounting policies on the investment of the Company in joint ventures.
8 Recognition criteria of cash and cash equivalents
For the purpose of preparing the statement of cash flows, the term ―cash‖ refers to cash on hand and deposits of
that are readily available for payment. And the term ―cash equivalents‖ refers to short-term (maturing within three
months from acquisition) and highly liquid investments that are readily convertible to known amounts of cash and
which are subject to an insignificant risk of change in value.
9 Foreign currency business and foreign currency translation
1 Foreign currency business:
Transactions denominated in foreign currency are translated into RMB for accounting purpose at the spot
exchange rate on the day when the transaction occurs.
The balances of foreign currency monetary items are converted at the spot exchange rate prevailing on the balance
sheet date. The exchange differences arising from the conversion, other than those arising from specific-purpose
borrowings in foreign currencies related to acquisition and construction of assets eligible for capitalization, which
shall be measured in accordance with principle of capitalization of the borrowing costs, shall be charged to the
current profit or loss.
2 Translation of financial statement denominated in foreign currency
The asset and liability items in the balance sheet shall be converted at the spot exchange rates prevailing on the
balance sheet date. Except retained profit, the owners‘ equity items shall be converted at the spot exchange rates
on the occurrence date.The income and expense items in the income statement shall be converted at the spot
exchange rates which are determined by systematic and reasonable methods and similar to the spot exchange rate
on the date of occurrence of transaction.
On disposal of a foreign operation, the difference arising from the converstion of financial statements
denominated in foreign currency and related to such foreign operation should be transferred to the current gain or
loss on disposal, from the owners' equities.
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10.Financial instruments
Financial instruments include financial assets, financial liabilities and equity instruments.
1 Classification of financial instruments
Upon the initial recognition, fFinancial assets and liabilities are classified into the following categories according
to the purpose of acquisition: the financial assets or financial liabilities measured at fair value through current
profit and loss, including financial assets or financial liabilities held for trading (and those financial assets or
financial liabilities directly designated under this category), held-to-maturity investments, receivables, financial
assets available for sale and other financial liabilities, etc.
2 Recognition and measurement of financial instruments
(1) Financial assets (financial liabilities) measured at fair value through current profit and loss
Financial assets (financial liabilities) are initially stated at fair values when acquired (deducting cash dividends
that have been declared but not distributed and bond interests that have matured but not been drawn), and relevant
transaction expenses are included in the current profit and loss.
The interests or cash dividends to be received during the holding period are recognized as investment income.
Change in fair values is included in the current profit and loss at the end of the period.
Upon the disposal, the difference between the fair value and initial book-entry value is recognized as investment
income upon disposal; meanwhile, adjustment is made to gains or losses from changes in fair values.
(2) Held-to-maturity investments
Held-to-maturity investments are initially recorded at fair values when acquired (deducting cash dividends that
have been declared but not distributed and bond interests that have matured but not been drawn).
The interest income is calculated and recognized at amortized cost and effective interest rates (or the nominal
interest rate, if there is small difference between the effective interest rate and the nominal interest rate) and is
charged to the investment income. The effective interest rates are determined upon acquisition and remain
unchanged during the expected remaining period, or a shorter period if applicable.
Difference between the proceeds and the book value of the investment is recognized as investment income upon
disposal.
(3) Accounts receivable
For creditor‘s rights receivable arising from external selling commodities or providing service by the Company
and other creditor's rights in respect of liability instruments of other enterprises (excluding those quoted in an
active market) held by the Company, including accounts receivable, other receivables, notes receivables,
prepayments, long-term receivables etc., the initial recognition amount shall be the contract price or agreed price
receivable due from purchasing party. The initial amount of the accounts receivable with financing nature are
recognized based on the present value.
The difference between the amount obtained and the book value of the accounts receivable is included in current
profit and loss upon recovery or disposal.
(4) Available-for-sale financial assets
Available-for-sale financial assets are initially recorded at the sum of fair values (deducting cash dividends that
have been declared but not distributed and bond interests that have matured but not been drawn) and transaction
costs when acquired.
The interests or cash dividends to be received during the holding period are recognized as investment income.
Available-for-sale financial assets are measured at fair value at the end of the period, and changes in fair value are
included in the capital reserves (other capital reserves). those equity instrument investments not quoted in an
active market and whose fair value cannot be reliably measured, and the derivative financial assets linked to and
settled by way of delivery of such equity investments are measured at the cost.
Difference between the proceeds and the book value of the financial assets is recognized as gain or loss on
investment upon disposal; meanwhile, amount of disposal corresponding to the accumulated change in fair value
which is originally and directly included in the owners‘ equity shall be transferred out and charged to the current
gains or losses.
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(5) Other financial liabilities
Other financial liabilities are initially recognized at the sum of fair value and transaction expenses. The subsequent
measurement is based on amortized costs. They are subsequently measured at amortized cost.
3 Recognition and measurement for transfer of financial assets
If the Company has transferred nearly all of the risks and rewards relating to the ownership of the financial assets
to the transferee, they shall be derecognized. If it retains nearly all of the risks and rewards relating to the
ownership of the financial assets, they shall not be derecognized.
In judging whether the transfer of a financial asset meets the above requirements of derecognizing financial assets,
the principle of substance over form is adopted. The Company divides the transfer of a financial asset into entire
financial asset transfer and partial transfer. As for the entire financial asset transfer which is qualified for
derecognition, the difference between the following two amounts is recognized in the current profit and loss: The
Company divides the transfer of a financial asset into entire financial asset transfer and partial transfer. As for the
entire financial asset transfer which is eligible for derecognition, the difference between the following two
amounts is recognized in the current profit and loss:
i) Book value of the transferred financial assets;
ii) Sum of the price received from the transfer with the cumulative change in the amount of fair value directly
recorded in the original owners‘ equity (involving the case when the transferred financial assets are those
available for sale).
As for the partial financial assets transfer which are eligible for derecognition, the whole book value of the
transferred financial assets should be apportioned in accordance with their respective relative fair value between
the derecognized parts and the recognized parts; and the difference between the following two amounts is
recognized in the current profit and loss:
(i) book value of the derecognized parts;
(ii) sum of the consideration received from the derecognized parts with the amount of the derecognized parts
corresponding to the cumulative changes in the amount of fair value directly included in the original owners‘
equity (involving the case when the transferred financial assets are those available for sale).
If the transfer of financial assets does not satisfy requirements for derecognition, the financial assets shall
continue to be recognized, and the consideration received will be recognized as financial liabilities.
4 Conditions for derecognition of financial liabilities
Financial liabilities shall be entirely or partially derecognized if the present obligations derived from them are
entirely or partially discharged. Where the Company enters into an agreement with a creditor so as to substitute
the current financial liabilities with new ones, and the contract clauses of which are substantially different from
those of the current ones, it shall recognize the new financial liabilities in place of the current ones.
If material amendments have been made to all or part of contract terms of current financial liabilities, all or part of
current financial liabilities are derecognized, and the financial liabilities with amended terms are recognized as
new financial liabilities.
Upon entire or partial derecognition of financial liabilities, differences between the carrying amounts of the
derecognized financial liabilities and the consideration paid (including non-monetary assets surrendered or new
financial liabilities assumed) are charged to profit or loss for the current period.
If the Company repurchases part of financial liabilities, it shall distribute, on the repurchase day, the whole book
value of the financial liabilities in accordance with the relatively fair value between the part to be recognized
continuously and the part to be derecognized. The balance between the book value distributed to the part which
has been derecognized and the consideration paid to it (including non-cash assets which have been transferred out
or the new financial liabilities it assumed), shall be included in current profit and loss.
5 Recognition of fair values of financial assets and financial liabilities
The fair value of the financial instrument with an active market is determined based on the quotation in the active
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market. The fair value of the financial instrument without an active market is determined using valuation
techniques. In terms of the estimation, the estimation technology which is applicable in the current circumstance
and supported by enough available data and other information is adopted and the input value which is similar to
the features of assets and liabilities and taken into account of by the market participants in the transaction of
relevant assets or liabilities are selected by the Company, which give priority in use of the relevant observable
value. The unobservable value is used only when the relevant observable value cannot be obtained or is
impracticable.
6 Testing and accounting treatment of financial assets (excluding accounts receivable)
Except for the financial assets measured at fair values through current profit and loss, the book value of financial
assets on the balance sheet date should be checked. If there is objective evidence that a financial asset is impaired,
provision for impairment shall be made.
(1) Provision for impairment of available-for-sale financial assets:
If the fair values of available-for-sale financial assets have significantly declined at the period end, or it is
expected that the trend of decreases in values is non-temporary after consideration of all the relevant factors,
impairment shall be recognized, and the accmulated loss on decreases in fair values previously charged directly to
capital reserves are reversed and recognized as impairment loss.
For available-for-sale debt instruments whose impairment losses have been recognized, if their fair values rise in
the subsequent accounting period and such rise is objectively related to the matters occurring after the recognition
of impairment loss, the previously recognized impairment loss shall be reversed and recorded into the current
profit and loss.
Impairment losses on available-for-sale equity instruments shall not be reversed through profit or loss.
(2) Provision for impairment of held-to- maturity investments:
Measurement of provisions for impairment loss on held-to-maturity investments is similar to that applicable to
provisions for impairment loss on receivables.
11.Account receivable
(1) Bad debt provision on receivable accounts with major amount individually
Basis of recognition or standard amount
Individual account receivable over 5 millions, other individual receivable over 3 millions
of individual account with large amount
For large amount receivable accounts which been proved with solid evidence to impair,
the difference between the future cash flow and its book value shall be provided as bad
Basis of bad debt provision debt provision.
For large amount receivable accounts which was tested not impaired, bad debt provision
shall be provided on age analyse basis.
(2) Accounts receivable with provision for bad debts accrued by credit risk features portfolio
Name Basis of bad debt provision
Accounts receivable without
Age analysis method
provision for bad debt
In Group ,Accounts on age basis in the portfolio：
√ Applicable □ Not applicable
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Proportion of provision for accounts Provision for bad debt of other
Aging
receivable (%) receivables ( % )
1-6 months（Including 6 months） 0.00% 0.00%
6-12 months 5.00% 5.00%
1－2 years 10.00% 10.00%
2－3 years 30.00% 30.00%
3－4 years 50.00% 50.00%
4－5 years 80.00% 80.00%
Over 5 years 100.00% 100.00%
Receivable accounts on which had debt provisions are provided on percentage analyze basis in a portfolio
□Applicable √Not applicable
Receivable accounts on which had debt provisions are provided by other ways in the portfolio
□Applicable √Not applicable
(3)Account receivable with non-material specific amount but specific bad debt preparation
Reasons for individual provision for bad debts: If there is any
clear evidence indicating that the receivables cannot or are
unlikely to be recovered, for example, the bankruptcy,
insolvency, insufficient cash flow of the debtor, or the insolvency
in a short time due to the production halt resulting from the
Reasons of Withdrawing Individual Bad Debt Provision
severe natural disaster, or the accounts receivable may be
exposed to risk as indicated by other evidence, the individual
provision for bad debt will be made.
Method of provision for bad debt: The provision for bad debt is
individually recognized at the difference between the book value
and the present value of estimated future cash flow. Method of
Withdrawing Method of Bad Debt Provision
provision for bad debt: The provision for bad debt is individually
recognized at the difference between the book value and the
present value of estimated future cash flow.
12.Inventories
1 Classification of inventories
Inventories are classified into: raw materials, revolving materials, consigned processing materials, low-cost
consumables, packaging materials, stock commodities, goods in progress, semi-finished goods, finished goods,
etc.
2 Valuation of dispatched inventories
The inventories dispatched are measured by weighted average method.
3 Basis for determination of net realizable value of different categories of inventories
Net realizable values of merchandise inventories held directly for sale, such as finished goods, merchandise
inventories, and available-for-sale materials, are measured at the estimated selling prices less estimated sales
expenses and relevant taxes and surcharges in the normal production process. Net realizable values of material
inventories which need further processing are measured at the estimated selling prices less the estimated costs of
completion, estimated sales expenses and relevant taxes and surcharges in the normal production process. Net
realizable values of inventories held for the purpose of fulfillment of sales contracts or service contracts should be
calculated on the basis of the contract prices; if the quantity of inventories held exceeds that stated in the contract,
the net realizable values of the excessive part should be calculated on the basis of normal selling prices.
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The Company shall make provisions for impairment loss on diminution in value of inventories on an individual
basis at the year end. For inventories with large quantities and relatively low unit prices, the provisions for loss on
diminution in value of inventories shall be made on a category basis. For the inventories related to the product
portfolios manufactured and sold in the same area, and of which the final usage or purpose is identical or similar
thereto, and which is difficult to separate from other items for measurement purposes, the provisions for
impairment loss on diminution in value of inventories may be made on a portfolio basis.
The net realizable value of inventory items is determined based on the market price on the balance sheet date,
unless there is clear evidence that the market price is abnormal on the balance sheet date.
The net realizable value of inventory items as at the end of the period is determined based on the market price on
the balance sheet date.
4 Inventory system
The perpetual inventory system is adopted.
5 Amortization of low-cost consumables and packaging materials
(1) Low-cost consumables are amortized under the lump-sum method;
(2) Packing materials are amortized under the lump-sum method.
13 Assets classified as held-for-sale assets
The component (or non-current asset) will be recognized as the thing held for sale, if all the following
conditions are met at the same time:
(1) Such component can be sold as it is, in accordance with the usual terms on its sales;
(2) The Company has been an integral part of the disposal of the (non-current assets) made a resolution, such
as the need to obtain the required shareholder approval, has the approval of the shareholders' meeting or
the appropriate authority;
(3) The Company has signed an irrevocable transfer agreement with the transferee;
(4) Such transfer will be completed within one year.
14 Long-term equity investment
1 Judgment criteria of joint control or effect of material impact
Common control refers to the control shared over an arrangement in accordance with the relevant stipulations, and
the decision-making of related activities of the arrangement should not be made before the party sharing the
control right agrees the same. Where the Company exercises common control over the investee together with
other parties to the joint venture and enjoys the right on the investee's net assets, the investee is a joint venture of
the Company.
Significant influence is the power to participate in the financial and operating policy decisions of the investee but
is not control or joint control over those polices. Where the Company has significant influences on an investee, the
investee shall be an associate of the Company.
2 Determination of initial investment cost
(1) Long-term equity investment acquired from business combination
For business combination under common control: If the Company makes payment in cash, transfers non-cash
assets or bears debts and issues equity securities as the consideration for the business combination, the share of
owners' equity of the acquiree obtained on the combination date in the book value of the ultimate controller's
consolidated financial statement is recognized as the initial cost of the long-term equity investment. Where
additional investment or other reasons make the control over the investee under the same control possible, the
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initial investment cost of the long-term equity investments is measured at the share of net assets of the acquiree on
the combination date in the book value of the ultimate controller's consolidated financial statements. The stock
premium is adjusted according to the difference between the initial cost of long-term equity investments on the
combination date and the sum of the book value of long-term equity investments before combination and the book
value of the consideration further paid for obtaining shares; if there is no sufficient share premium for
write-downs, the retained earnings are offset.
For business combination not under common control: the Company recognizes the combination cost determined
on the combination date as the initial cost of long-term equity investment. Where additional investment, or other
reasons make the control over the investee not under the same control possible, the initial investment cost under
the cost method will be the sum of the book value of the equity investments previously held and the newly
increased investment costs.
(2) Long-term equity investment acquired by other means
The initial costs of a long-term equity investments obtained by payments of cash shall be the purchase prices
actually paid.
The initial costs of long-term equity investments in equity securities shall be stated at their fair values.
If the exchange of non-monetary assets has commercial substance and the fair values of assets traded out and
traded in can be measured reliably, the initial cost of long-term equity investment traded in with non-monetary
assets are determined based on the fair values of the assets traded out unless there is any conclusive evidence that
the fair values of the assets traded in are more reliable; if the exchange of non-monetary assets does not meet the
above criteria, the book value of the assets traded out and the relevant taxes and surcharges payable are recognized
as the initial cost of long-term equity investment traded in.
The initial costs of long-term equity investments arising from debt restructuring shall be stated at their fair values.
3 Subsequent measurement and recognition of profit or loss
(1) Long-term equity investment calculated under the cost method
The Company applies cost method to account for the long-term equity investments of subsidiaries. Except for the
price actually paid upon acquisition or the cash dividends or profit included in the price that are declared but not
yet paid, the Company recognizes investment income for the current period at the share of the cash dividends or
profits declared and released by the investee.
(2) Long-term equity investment calculated under the equity method
Long-term equity investments in associates and in joint ventures are accounted for under the equity method. If the
cost of initial investment is in excess of the proportion of the fair value of the net identifiable assets in the investee
when the investment is made, the difference will not be adjusted to the initial cost of long-term equity investment;
if the cost of initial investment is in short of the proportion of the fair value of the net identifiable assets in the
investee when the investment is made, the difference will be included in the current profit and loss.
The Company recognizes the investment income and other comprehensive income according to the net gain or
loss and other comprehensive income of the investee attributable to the Company, and adjusts the book value of
long-term equity investment; reduces the book value of long-term equity investments according to the profit or
cash dividends declared by the investee and attributable to the Company; and adjusts the book value of the
long-term equity investments in the investee, as to the change in owners' equities other than the net gain or loss,
other comprehensive income and profit distribution of the investee, and charges the same to the owners' equities.
When the share in net profit and loss of the investee is recognized, the fair value of the identifiable net assets of
the investee when the investment is obtained shall be taken as a basis and the share will be determined after the
net profit is adjusted in accordance with the Company's accounting policies and accounting periods. During the
period of holding the investment, if the investee is capable of providing consolidated financial statements, the
profit or loss shall be measured based on the net profit and other changes in equity recorded in the consolidated
financial statements.
The profit and loss of the internal transactions that are not realized arising among the Company, affiliated
enterprises, and joint ventures will be offset at the part attributable to the Company and the investment income
will be recognized on that basis. For internal trading losses that have not occurred with the investee, they will be
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fully recognized if they belong to the asset impairment losses. The trading of assets between the Company and its
associates or joint ventures, which constitutes business, are treated according to the policies disclosed in "Note 3.5
Accounting Treatment of Combination of enterprises under common control and enterprises not under common
control" and "Note 3.6 Preparation of consolidated financial statements".
When the Company confirms that it should share losses of the investee, treatment shall be done in following
sequence: Firstly, the book value of the long-term equity investment shall be reduced. Secondly, where the book
value is insufficient to cover the share of losses, investment losses are recognized to the extent of book value of
other long-term equity which form net investment in the investee in substance and the book value of long term
receivables shall be reduced. finally, after all the above treatments, if the Company is still responsible for any
additional liabilities in accordance with the provisions stipulated in the investment contracts or agreements,
estimated liabilities are recognized and included into current investment loss according to the obligations
estimated to undertake.
(3) Disposal of long-term equity investment
Upon disposal, the difference between the book value and the price obtained is recognized in current profit and
loss.
Disposal of long-term equity investments accounted for under the equity method, which is previously charged to
other comprehensive income is treated in proportion on the same basis for direct disposal of relevant assets of
liabilities by the investee. Owner's equities recognized arising from change in other owners' equities other than net
gain or loss, other comprehensive income and profit distribution of the investee are carried forward to the current
profit or loss in proportion, except for the other comprehensive income arising from the change on
re-measurement of the net liabilities or net assets under the defined benefit plan by the investee.
In case of loss of common control over or material impact on the investee due to the disposal of part of the equity
investments, the remaining equity after the disposal are computed according to the principles for recognition and
measurement of financial instruments, and the difference between the fair value and book value on the day of loss
of common control or material impact is charged to the current profit or loss. For other comprehensive income
that is recognized from original equity investment by using the equity method, the accounting treatment will be
made on the basis the same as that for the direct disposal of related assets and liabilities with the investee when
the equity method is terminated for accounting purpose. Owner's equities recognized arising from change in other
owners' equities other than net gain or loss, other comprehensive income and profit distribution of the investee are
entirely transferred to the current profit or loss when the accounting under the equity method is ended.
In case of loss of common control over or material impact on the investee due to the disposal of part of the equity
investments, the remaining equity after the disposal are computed under the equity method, with the adjustment
made as if such remaining equities are calculated under the equity method after they are obtained, when the
separate financial statement is prepared; the remaining equities after disposal leading to the incapable exercise of
common control over or material impact on the investee shall be treated according to the principles for recognition
and measurement of financial instruments, and the difference between the fair value and book value on the day of
loss of common control or material impact is charged to the current profit or loss.
If the equities disposed were obtained from the business merger by reason of additional investment or others, and
the remaining equities after disposal are calculated under the cost method or equity method when the individual
financial statement is prepared, other comprehensive income and other owners' equities recognized and arising
from the calculation of the equity investment held before the acquisition date under the equity method will be
carried forward in proportion; if the remaining equities after disposal are treated according to the principles for
recognition and measurement of financial instruments, both of other comprehensive income and other owners'
equities are entirely carried forward.
15 Investment property
The measurement mode of investment property
The measurement by the cost method
Depreciation or amortization method
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Investment properties are properties to earn rentals or for capital appreciation or both. Examples include land
leased out under operating leases, land held for long-term capital appreciation, buildings leased out under
operating leases, (including buildings that have been constructed or developed for future lease out under operating
leases, and buildings that are being constructed or developed for future lease out under operating leases).
The Company adopts cost model to measure all current investment properties. The Company adopts the same
depreciation policy for the investment property measured at cost model building for renting as that for the
Company‘s fixed assets and the same amortization policy of land use right for renting as that for the Company‘s
intangible assets.
16 Fixed assets
（1） Criteria for recognition of fixed assets
Fixed assets refer to tangible assets held for the purpose of producing commodities, providing services, renting or
business management with useful lives exceeding one accounting year. Fixed assets will only be recognized when
all the following criteria are satisfied: Fixed assets will only be recognized when all the following criteria are
satisfied:
(1) It is probable that the economic benefits relating to the fixed assets will flow into the Company; and
(2) the costs of the fixed asset can be measured reliably.
（2）Depreciation method
The method for Expected useful life
Category Estimated residual value Depreciation
depreciation （Year）
Buildings and Straight-line method 25-35 3.00% 2.77-3.88
constructions
Straight-line method 7-15 3.00% 6.47-13.86
Machinery equipment
Transportation Straight-line method 8-10 3.00% 9.70-12.13
equipment
Straight-line method 5-10 3.00% 9.70-19.40
Other equipment
（3） Basis for recognition and measurement of fixed assets acquired under the finance lease
The fixed assets acquired under financing lease are recognized if one of the following conditions is specified by
the Company and the leaser in their lease agreement:
(1) The ownership of the leased assets is transferred to the Company by the end of the lease terms;
(2) The Company has the option to purchase the assets at prices which are expected to be sufficiently lower
than fair values at the date the option becomes exercisable that, at the inception of the leases, it is
reasonably certain that the option will be exercised;
(3) The lease terms cover the major part of the economic lives of the assets, even if titles are not transferred;
(4)At the inception of the leases, the present values of the minimum lease payments amount to at least
substantially all of the fair values of the leased assets. On the lease commencement date, the book-entry value of
a fixed asset acquired under financing lease is measured at the asset‘s fair value or the present value of the
minimum lease payment, whichever is the lower. The minimum lease payment is recorded as the book-entry
value of the long-term payables, and the difference between them is deemed as the unrecognized financing
expenses.
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17 Construction in progress
The book values of the construction in progress are stated at total expenditures incurred before reaching working
condition for their intended use. For construction in progress that has reached working condition for intended use
but relevant budgets for the completion of projects have not been completed, the estimated values of project
budgets, prices, or actual costs should be included in the costs of relevant fixed assets, and depreciation should be
provided according to relevant policies of the Company when working condition is reached. After the completion
of budgets needed for the completion of projects, the estimated values should be substituted by actual costs, but
depreciation already provided is not adjusted.
18 Borrowing costs
1 Principles for recognition of capitalization of borrowing costs
Borrowing costs include the interest on borrowings, the amortization of discount or premium, auxiliary expenses,
exchange differences incurred by foreign currency borrowings, etc.
The borrowing costs incurred to the Company and directly attributable to the acquisition and construction or
production of assets eligible for capitalization should be capitalized and recorded into asset costs; other borrowing
costs should be recognized as costs according to the amount incurred and be included into current profit and loss.
Assets eligible for capitalization refer to fixed assets, investment property, inventories and other assets which may
reach their intended use or sale status only after long-time acquisition and construction or production activities.
Borrowing costs may be capitalized only when all the following conditions are met at the same time:
(1) the asset disbursements have already incurred, which shall include the cash paid, non-cash assets transferred
or interest bearing debts undertaken for the acquisition and construction or production activities for preparing
assets eligible for capitalization;
(2) the borrowing costs has already incurred; and
(3) the acquisition and construction or production activities which are necessary to prepare the asset for its
intended use or sale have already started.
.2 Capitalization period of borrowing costs
Capitalization period refers to the period from commencement of capitalization of borrowing costs to its cessation;
period of suspension for capitalization is excluded.
When the qualified asset under acquisition and construction or production is ready for the intended use or sale, the
capitalization of the borrowing costs shall be ceased.
Where construction for assets purchased, constructed or manufactured eligible for capitalization is completed in
stages, which can be used while construction of the other parts continues, capitalization of attributable borrowing
costs should cease when substantially all of the activities necessary to prepare that part for its intended use or sale
are complete.
Where construction for each part of assets purchased, constructed or manufactured has been completed separately
but can be used or sold only after the entire assets have been completed, capitalization of attributable borrowing
costs should cease at the completion of the entire assets.
3.Period of capitalization suspension
If the acquisition and construction or production activities of assets eligible for capitalization are interrupted
abnormally and this condition lasts for more than three months, the capitalization of borrowing costs should be
suspended; if the interruption is necessary for the acquisition and construction or production to prepare the assets
for their intended use or sale, the capitalization of borrowing costs should continue. The borrowing costs incurred
during interruption are recognized in the current profit and loss, and the capitalization of borrowing costs
continues after the restart of the acquisition and construction or production activities of the assets.
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4,Capitalization rate and measurement of capitalized amount of borrowing costs
As for special borrowings borrowed for acquiring and constructing or producing assets eligible for capitalization,
the to-be-capitalized amount shall be determined at interest expense of special borrowing actually incurred in the
current period less the interest income of the borrowings unused and deposited in bank or return on temporary
investment.
As for general borrowings used for acquiring and constructing or producing assets eligible for capitalization, the
to-be-capitalized amount should be calculated by multiplying the weighted average of asset disbursements of the
part of accumulated asset disbursements exceeding special borrowings by the capitalization rate of used general
borrowings. The capitalization rate is calculated by using the weighted average interest rate of general borrowings.
19. Biological assets
20. Oil-gas assets
21. Intangible assets
1 Pricing method, useful life and impairment test
(1) The Company initially measures intangible assets at cost on acquisition;
The costs of external purchase of intangible assets comprise their purchase prices, related taxes and surcharges
and any other directly attributable expenditure incurred to prepare the asset for its intended use. If payments for
the purchase of intangible assets are extended beyond the normal credit terms with financing nature, the costs of
intangible assets are determined on the basis of present values of the purchase prices.
For intangible assets obtained from debtors in settlement of his liabilities in case of debt restructuring, they should
be initially stated at their fair values. Differences between the book values and the fair values of the intangible
assets are charged to profit or loss for the current period.
If the exchange of non-monetary assets has commercial substance, and the fair values of these assets can be
measured reliably, the book-entry values of intangible assets traded in are based on the fair values of the intangible
assets traded out unless there is any conclusive evidence that the fair values of the assets traded in are more
reliable. If the exchange of non-monetary assets does not meet the above criteria, the costs of the intangible assets
traded in should be the book values of the assets traded out and relevant taxes and surcharges paid, and no profit
or loss shall be recognized.
(2) Subsequent measurement
The useful lives of the intangible assets are analyzed and determined on their acquisition.
As for intangible assets with limited useful life, straight-line amortization method is adopted in the period when
the intangible assets generate economic benefit for enterprise; if the period when the intangible assets generate
economic benefit for enterprise cannot be forecasted, the intangible assets shall be deemed as those with indefinite
useful life and shall not be amortized.
2 Estimate of the useful life of the Intangible assets with finite useful lives:
The useful lives and amortization methods of intangible assets with limited useful lives are reviewed at each year
end.
Upon review, the useful lives and amortization method of the intangible assets as at the end of the year were not
different from those estimated before.
3 Basis for judgment of intangible assets with indefinite useful life and procedures for review of the
life thereof
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The useful lives and amortization method of intangible assets with limited useful lives are reviewed at the end of
each period.
Upon review, the useful lives and amortization method of the intangible assets as at the end of the year were not
different from those estimated before.
4 Specific criteria of classification into the research phase and the development phase
Expenditures on an internal research and development project shall be classified into expenditures on the research
phase and expenditures on the development phase.
Research phase: Research is original and planned investigation, undertaken with the prospect of gaining new
scientific or technical knowledge and understanding.
Development phase: Development is the application of research findings or other knowledge to a plan or design
for the production of new or substantially improved materials, devices, or products before the start of commercial
production or use.
5.Criteria for capitalization of qualifying expenditures during the development phase
Expenditures arising from development phase on internal research and development projects must be capitalized if
the Company can satisfy all of the following criteria:
(1) It is technically feasible to finish intangible assets for use or sale;
(2) It is intended to finish and use or sell the intangible assets;
(3) the method that the intangible assets generate economic benefits, including existence of a market for products
produced by the intangible assets or for the intangible assets themselves, shall be proved. Or, if to be used
internally, the usefulness of the assets shall be proved;
(4) adequate technical, financial, and other resources are available to complete the assets, and the Company has
the ability to use or sell the assets; and
(5) The expenditures attributable to the intangible assets during their development phase can be reliably
measured.
If the above conditions are not satisfied, expenditures on the development phase shall be included in current profit
and loss when they occur. Expenditures on the research phase shall be included in current profit and loss when
they occur.
According to the Accounting Standards for Enterprises in combination with the actual situation of the Company,
the period between the report on pre-study of project to the issuance of project assessment and examination report
is defined as the research state, in which the expenditures incurred are expensed when incurred and charged to the
current profit or loss.
In the development stage, research findings or other knowledge is applied to a plan or design for the production of
new or substantially improved materials, devices, or products before the start of commercial production or use.
This phase is equipped with the basic conditions for the formation of a new product or technology to a greater
extent.
According to the actual situation of the Company, the period between the adoption of project assessment and
examination with the assessment and examination report issued to the batched production is defined as the
development stage. The project development expenditures will be capitalized, if the conditions for capitalization
of development expenditures are met.
All expenditures incurred on research of application of basic techniques are classified as research stage
expenditures and charged to the current profit or loss when incurred.
22 Impairment of long-term assets
The Company will conduct the impairment test if any evidence suggests that the long assets, such as the long-term
equity investment and the investment property, fixed assets, construction in progress and intangible assets, are
impaired on the balance sheet date. If impairment test results indicate that the recoverable amounts of the assets
are lower than their carrying amounts, the provision for impairment is made based on the differences which are
recognized as impairment losses. The recoverable amounts of intangible assets are the higher of their fair values
less costs to sell and the present values of the future cash flows expected to be derived from the assets. The
provision for assets impairment is calculated and recognized by the individual asset. If it is difficult to estimate the
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intangible amount of an individual asset, the Company shall estimate the recoverable amount of the asset portfolio
that the individual asset belongs to. The asset portfolio is the minimum asset group that can independently
generate the cash inflow.
At least the goodwill impairment test is conducted at the year-end.
The Company conducts an impairment test for the goodwill. The book value of goodwill arising from business
combinations is amortized to relevant asset groups with a reasonable method since the date of acquisition; or
amortized to relevant combination of asset groups if it is difficult to be amortized to relevant asset groups. The
book value of goodwill is amortized to relevant asset groups or combinations of asset groups according to the
proportion of the fair value of such asset groups or combinations of asset groups in the total fair value of relevant
asset groups or combinations of asset groups. Where the fair value cannot be reliably measured, it should be
amortized according to proportion of the book value of each asset group or combination of asset group in the total
book value of relevant asset groups or combinations of asset groups.
When making an impairment test on the relevant asset groups or combination of asset groups containing goodwill,
if any indication shows that the asset groups or combinations of asset groups related to the goodwill may be
impaired, the Company shall first conduct an impairment test on the asset groups or combinations of asset groups
not containing goodwill, calculate the recoverable amount and compare it with the relevant book value to
recognize the corresponding impairment loss. Then the Company shall conduct an impairment test on the asset
groups or combinations of asset groups containing goodwill, and compare the book value of these asset groups or
combinations of asset groups (including the book value of the goodwill apportioned thereto) with the recoverable
amount. Where the recoverable amount of the relevant asset groups or combinations of asset groups is lower than
the book value thereof, the Company shall recognize the impairment loss of the goodwill.
The above impairment loss is not reversed in the future accounting period once recognized.
23 Long-term deferred expenses
Long-term deferred expenses refer to the expenses which have been already incurred but will be borne in the
current period and in the future with an amortization period of over 1 year. Long-term deferred expenses are
evenly amortized over the benefit period.
24.Employee compensation
1 Accounting treatment of short-term remuneration
During the accounting period in which employees provide service to the Company, the short-term remuneration
actually incurred is recognized as liabilities and charged to the current profit or loss or the relevant assets cost.
The medical insurance premium, work-related injury insurance premium and the housing provident fund paid by
the Company for its employees, together with the labor union expenditures and employee education are used to
calculate and determine the relevant employee compensation amount based on the prescribed accrual basis and
accrual proportion.
The non-monetary benefits for employees that can be measured reliably are measured at fair value.
2 Accounting treatment of benefits paid after departure
The basic endowment insurance premium and unemployment insurance premium paid by the Company for its
employees in accordance with relevant provisions of the local government are recognized as liabilities and
charged to the current profit or loss or the relevant assets cost, with the payable amount calculated based on the
local prescribed payment base and percentage, during the accounting period in which the employees provide
services to the Company.
In addition to the basic endowment insurance, the Company also build the enterprise annuity payment system
(supplementary pension insurance) in accordance with relevant national policies established a pension payment
system / corporate pension plans. The Company pays a certain percentage of the total employee compensation to
the local social institution for the payment/payment under annuity plan, and record the relevant expenditures into
the current profit or loss or the relevant assets cost.
See "Note 5.22 Employee compensation payable" for details.
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3 Accounting treatment of dismissal welfare
Where the Company cannot unilaterally withdraw when termination benefits due to termination of employment or
layoff proposal offered, or confirm the reorganization involves the payment of termination benefits when
associated costs or expenses (both what early), confirm termination benefits employees pay liabilities, and profit
or loss.
25.Estimated liabilities
1 Recognition criteria for estimated liabilities
The Company recognizes the estimated liabilities when the obligations relating to litigation, debt-guarantee, loss
contract, restructuring and other contingencies satisfy the following conditions simultaneously:
(1) That obligation is a present obligation of the Company;
(2) The performance of such obligation is likely to result in outflow of economic benefits from the Company;
and
(3) The amount of the obligation can be measured reliably.
2.Measurement of a variety of estimated liabilities
The estimated liabilities of the Company are initially measured as the best estimate of expenses required for the
performance of relevant present obligations.
When determining the best estimate, the Company shall comprehensively consider the risks, uncertainties, time
value of money, and other factors relating to the contingencies. If the time value of money is significant, the best
estimates shall be determined after discount of relevant future cash outflows.
The best estimates shall be treated as follows in different circumstances:
If there is continuous range (or interval) for the necessary expenses, and probabilities of occurrence of all the
outcomes within this range are equal, the best estimate shall be determined at the average amount of upper and
lower limits within the range.
Given the fact that there is no continuous range (or interval) for the necessary expenses, or probabilities of
occurrence of all the outcomes within this range are unequal despite such a range exists, in case that the
contingency involves a single item, the best estimate shall be determined at the most likely outcome; if the
contingency involves two or more items, the best estimate should be determined according to all the possible
outcomes with their relevant probabilities.
When all or part of the expenses necessary for the settlement of an estimated liabilities are expected to be
compensated by a third party or other parties, the compensation shall be separately recognized as an asset only
when it is virtually certain that the compensation will be received. The amount recognized for the compensation
shall not exceed the book value of the estimated liabilities.
See the Note 5.28 Estimated Liabilities for details.
26. Share-based payment
The share-based payment is the transaction the Company has to grant the equity instrument to employees or
assume the liability determined based on the equity instrument, for the service provided by the employees [or
other parties]. The share-based payments of the Company can be divided into the equity-settled share-based
payments and the cash-settled share-based payments.
1.Equity-settled share-based payments and equity instruments
In case of the equity-settled share-based payment for the service provided by employees, the measurement is
based on the fair value of the equity instruments granted to employees. Where the Company carries out a
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restricted share-based payment, the employees subscribe shares by contributing capital, and the shares cannot be
traded or transferred in the market until they satisfy the conditions for removing the freeze; if the conditions for
removing the freeze as prescribed by the ultimate stock stimulating plan fail to be satisfied, the Company shall
repurchase the shares as previously agreed. When the Company receives the payments for subscription of
restricted shares from the employees, it shall recognize the share capital and capital reserves (share capital
premiums) according to the payments for subscription received, and recognize a liability and treasury shares with
respect to the repurchase obligation. On every balance sheet date during the waiting period, the Company
estimates the quantity of the exercisable equity instruments in light of the latest subsequent information, such as
the change in the number of employees obtaining the exercisable equity instrument or whether the specified
performance requirements are met, based on which the services obtained in the current period are charge to the
relevant costs or expenses at the fair value on the grant date, with the capital reserves added correspondingly.
Those payments which are exercisable immediately after the grant are charged to the relevant costs or expenses,
with the capital reserves added correspondingly. After the vesting date, the recognized relevant costs or expenses
or total amount of owners' equity shall not be adjusted any more.
No cost or expense is recognized for awards that do not ultimately vest, except for awards where vesting is
conditional upon a market condition, which are treated as vesting irrespective of whether or not the market
condition is satisfied, provided that all other performance conditions are satisfied.
Where the terms of an equity-settled award are modified, as a minimum an expense is recognized as if the terms
had not been modified. In addition, an expense is recognized for any modification which increases the total fair
value of the share-based payment arrangement, or is otherwise beneficial to the employee as measured at the date
of modification.
Where an equity-settled share-based payment is cancelled, it is treated as if it had vested on the date of
cancellation, and any expense not yet recognized for the award is recognized immediately. Where employees or
other parties are permitted to choose to fulfill non-vesting conditions but have not fulfilled during the pending
period, equity-settled share-based payments are deemed cancelled. However, if a new equity instrument is
substituted for the cancelled award, and designated as a replacement award on the date that it is granted, the new
equity instrument are treated as if they were a modification of the original award.
2.Cash-settled share-based payments and equity instruments
The cash-settled share-based payment is measured in accordance with the fair value of liability calculated and
confirmed based on the shares or other equity instruments undertaken by the Company. The cash-settled
share-based payment is initially measured in accordance with the fair value on the vesting date, in consideration of
the terms and conditions for granting the equity instruments. If the right may be exercised immediately after the
grant, the fair value of the liabilities shall, on the vesting date, be included in the costs or expenses, together with a
corresponding increase in the liabilities; if the right cannot be exercised until the vesting period comes to an end
or until the prescribed performance conditions are met, then within the vesting period, the services obtained in the
current period shall, based on the best estimate of the number of vested equity instruments, be included in the
relevant costs or expenses at the fair value of the liabilities on the vesting date, together with a corresponding
increase in the liabilities. On each balance sheet date and on each account date prior to the settlement of the
relevant liabilities, the fair values of the liabilities are re-measured and the changes in the fair values thereof are
included in the current profits and losses.
2 Cash-settled share-based payments and equity instruments
The cash-settled share-based payment is measured in accordance with the fair value of liability calculated and
confirmed based on the shares or other equity instruments undertaken by the Company. The cash-settled
share-based payment is initially measured in accordance with the fair value on the vesting date, in consideration of
the terms and conditions for granting the equity instruments. If the right may be exercised immediately after the
grant, the fair value of the liabilities shall, on the vesting date, be included in the costs or expenses, together with a
corresponding increase in the liabilities; if the right cannot be exercised until the vesting period comes to an end
or until the prescribed performance conditions are met, then within the vesting period, the services obtained in the
current period shall, based on the best estimate of the number of vested equity instruments, be included in the
relevant costs or expenses at the fair value of the liabilities on the vesting date, together with a corresponding
increase in the liabilities. On each balance sheet date and on each account date prior to the settlement of the
relevant liabilities, the fair values of the liabilities are re-measured and the changes in the fair values thereof are
included in the current profits and losses.
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
27. Other financial instruments such as preferred shares and perpetual capital securities
28.Revenues
1 General principles for recognition of revenues from sales of goods:
(1) The Company has transferred to the buyer the significant risks and rewards of ownership relevant to the
goods in question;
(2) The Company retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the goods sold;
(3) The relevant amount of revenue can be measured reliably;
(4) It is probable that the economic benefits related to the transaction will flow into the Company; and
(5) The relevant costs incurred or to be incurred can be measured reliably.
2 Concrete principles for revenues from primary businesses
(1) Sales of complete vehicles: the operation management department of the Sale Company shall research and
review the "saved" orders submitted by the dealers; after an approval upon review, the finance department shall, in
accordance with the lines of credit of customers, check the situation regarding collection of payments and conduct
a financial audit on these orders; the warehousing department shall issue an ex-warehouse list according to the
recognized orders, which will be marked with the words "Delivered"; then, a delivery people of the third party, i.e.
a transport company shall sign the ex-warehouse list, upload the goods and transport them; After the acceptance
by the customers upon check, the ex-warehousing list shall be signed for confirmation. According to the
information relating to the sales orders indicating that the relevant goods "have been delivered", the finance
department shall check the ex-warehouse list signed by the delivery person on behalf of his or her transport
company with the corresponding sales contract that no error has been committed; subsequently, it shall recognize
that the major risks and rewards relating to the goods' properties have been transferred to the buyer and then issue
a sales invoice as well as recognize the sales revenues;
(2) Sales of engines: at the beginning of every year, the Company enters into a sales contract including the terms
relating to basic unit price with the customers; the method of delivery after payment is adopted for the sales of
engines; the goods shall be arranged to be delivered after the payments for goods are paid up as stipulated by the
orders, a sales invoice shall be issued when the goods are delivered and the revenues from sales are recognized.
(3) Sales of automobile air-conditioner: the Air-conditioner Company deliveries goods according to the
customers' production plans and safty stock; after the customers use the products, the salesmen issue a notification
of making out an invoice according to the customers' monthly usage amounts and contracted prices, the finance
department issues an invoice and the revenues from sales shall be recognized.
29. Government grants
(1) Judgment basis and accounting treatment of government subsidies related to assets
Government subsidies related to assets refer to the subsidies obtained by the Company from the government and
used to form long-term assets through acquisition and construction or otherwise, including the financial
appropriation for purchase of fixed assets or intangible assets and the finance discounts for special borrowings of
fixed assets.
Government grants related to assets are recognized as deferred income and included in non-operating income over
the useful lives of the assets constructed or purchased by stages;
Government grant related to assets, referred to those grant which are used to build long-term assets. It includes
grants to buy fixed assets and intangible assets, and compensations of interests of borrowings to buy fixed assets.
Government grants related profit and loss, excluded those grants related to assets.
Government grant that is related to fixed assets and intangible assets is recognized as deferred income and
allocated average over the relevant periods of usable life and recorded in other revenue.
(2) Judgment basis and accounting treatment of government subsidies related to profits
Government grants related to assets are recognized as deferred income and included in non-operating income over
the useful lives of the assets constructed or purchased by stages;
If government subsidies related to income are used to compensate the Company‘s relevant expenses or losses in
future periods, such government subsidies should be recognized as deferred income on acquisition and be
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
included into the current non-operating income in the period of recognizing relevant expenses; if government
subsidies related to income are used to compensate the enterprise‘s relevant expenses or losses incurred, such
government subsidies are directly included into the current non-operating income on acquisition.
30.Deferred income tax assets and deferred income tax liabilities
Deferred income tax assets shall be recognized for deductible temporary differences to the extent that it is
probable that taxable profit will be available against which the deductible temporary differences can be utilized.
As for any deductible loss or tax deduction that can be carried forward to the next year, the corresponding deferred
income tax assets shall be determined to the extent that the amount of future taxable income to be offset by the
deductible loss or tax deduction to be likely obtained.
Taxable temporary differences are recognized as deferred income tax liabilities except in special circumstances.
Special circumstances in which deferred income tax assets or deferred income tax liabilities shall not be
recognized include: the initial recognition of goodwill; other transactions or events excluding business
combinations, which affect neither accounting profits nor the taxable income (or deductible losses) when
occurred.
If the Company has the legal right of netting and intends to settle in net amount or to obtain assets and discharge
liabilities simultaneously, the income tax assets and income tax liabilities of the Company for the current period
shall be presented based on the net amount after offset.
When the Company has the legal rights to balance income tax assets and income tax liabilities for the current
period with net settlement, and deferred income tax assets and deferred income tax liabilities are related to the
income tax which are imposed on the same taxpaying subject by the same tax collection authority or on different
taxpaying subjects, but, in each important future period in connection with the reverse of deferred income tax
assets and liabilities, the involved taxpaying subject intends to balance income tax assets and liabilities for the
current period with net settlement at the time of obtaining assets and discharging liabilities, deferred income tax
assets and deferred income tax liabilities shall be presented based on the net amount after offset.
31.Leases
1 Accounting treatment of operating lease
(1) Lease fees paid by the Company for leased asset shall be amortized at straight-line method over the whole
lease period (including rent-free period) and shall be included in the current expenses. Initial direct costs relating
to lease transactions incurred by the Company shall be recognized as the current expenses.
If the expense related to the lease which shall be paid by the Company is assumed by the lessor of the asset, then
such expenses shall be deducted from total lease fees, and the balances shall be amortized over the lease term s
and charged to the current expenses.
(2) Lease fees received by the Company from leasing assets shall be amortized at straight-line method over the
whole lease period (including rent-free period), and shall be recognized as lease income. Initial direct costs
relating to lease transactions incurred by the Company shall be recognized as the current expenses; if the amounts
are material, they shall be capitalized and included in the current income on the same basis as the recognition of
lease income.
If expenses relating to leases which should be borne by the lessee of the assets are paid by the Company, they
shall be deducted from the total lease income and the balances shall be amortized over the lease terms by the
Company.
2 Accounting treatment of financing lease
(1) Assets acquired under financing leases: At the commencement of the lease terms, assets acquired under
financing leases shall be recorded at the lower of their fair values and the present values of the minimum lease
payments, and the Company shall recognize the long-term payables at amounts equal to the minimum lease
payments, and shall record the differences between book value of the leased assets and the long-term payables as
unrecognized finance charges. The Company adopts the effective interest rate method for unrecognized financing
charges, which shall be amortized over the lease terms and included in financial expenses. Initial direct costs
incurred by the Company shall be included in the value of leased assets.
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
(2) Assets rented out under financing leases: At the commencement of the lease terms, the Company shall
recognize the differences between the undiscounted rents receivable plus unguaranteed residual values and their
present values as unrealized financing income, and shall recognize them as lease income during each period when
rents are received. Initial direct costs associated with the lease transactions and incurred by the Company shall be
included in the initial measurement of the financing lease receivable and lease income recognized over the lease
terms shall be reduced accordingly.
32. Main accounting policies and accounting estimates
Termination of operation refers to any integral part that satisfies any of the following conditions, has been
disposed or classified into assets held for sale by the Company and that is able to be separately distinguished upon
operation and preparation of the financial statements:
(1) the integral part represents an independent primary business or a key operation region;
(2) the integral part is an element of the plan of proposing to dispose an independent primary business or a key
operation region; or
(3) the integral part is a subsidiary acquired only for the resale purpose.
33.Change of main accounting policies and estimations
(1)Change of main accounting policies
□ Applicable √ Not applicable
(2) Change of main accounting estimations
□ Applicable √ Not applicable
34.Other
V. Taxation
1. Main categories and rates of taxes
Class of tax Tax basis Tax rate
Calculated on tax law from selling goods
and taxable services based on the
VAT calculation of output tax, after deduction of 17%
input tax deductibility of the current
period, the balance part of VAT payable
Consumption tax Revenue of taxable consumables 3%
Operational tax Revenue of leasing and taxable services 5%
Value-added tax, operating tax and
City maintenance and construction tax 7%
consumption tax paid
Enterprise income tax Taxable income 25%、15%
The disclosure on the rate of income tax of taxpayers in different enterprises is stated below
82
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Name of Taxpayer Rate of Income Tax
Chongqing Jianshe Motorcycle Co., Ltd. 25%
Chongqing Jianshe Sales Co., Ltd. 25%
Chongqing Jianshe Motorcycle Sales Co., Ltd. 25%
Chongqing Beifang Jianshe Import and Export 25%
Shanghai Jianshe Motorcycle Co., Ltd. 25%
Chongqing Jianshe Automobile A/C Co., Ltd. 15%
2. Preferential tax treatment
3.Other
VII. Notes on major items in consolidated financial statements of the Company
1. Monetary funds
In RMB
Items Closing balance Opening balance
Cash on hand 85,569.47 116,629.79
Bank deposits 33,769,611.86 35,438,955.27
Other cash and cash equivalents 279,787,343.56 157,362,464.22
Total 313,642,524.89 192,918,049.28
Other notes
2. Financial assets measured by fair value and the changes be included in the current gains and losses
In RMB
Items Closing balance Opening balance
Other notes：
3. Derivative financial assets
□ Applicable √Not applicable
4. Notes receivable
(1) Notes receivable listed by category
In RMB
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
Items Closing balance Opening balance
Bank acceptance bill 77,379,742.78 45,673,753.36
Total 77,379,742.78 45,673,753.36
(2) Notes receivable pledged by the Company at the period-end
In RMB
Items Amount
(3) Notes receivable which had endorsed by the Company or had discounted and had not due on the
balance sheet date at the period-end
In RMB
Amount of recognition termination at the Amount of not terminated recognition at
Items
period-end the period-end
(4) Notes transferred to accounts receivable because drawer of the notes fails to executed the contract or
agreement
In RMB
Amount of the notes transferred to account receivable at the
Items
period-end
Other notes
5. Accounts receivable
(1) Accounts receivable disclosed by category
In RMB
Closing balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Book
Proportio Proportio Proportio Proportion Book value
Amount Amount value Amount Amount
n% n% n% %
Accounts receivable
with provision for
bad debt made on a 269,266, 19,731,7 249,534,4 274,568 19,554,86 255,013,68
100.00% 7.33% 99.94% 7.12%
portfolio with similar 177.75 33.88 43.87 ,553.53 3.81 9.72
risk credit
characteristics basis
Accounts receivables
with insignificant 152,490 152,490.3
0.06% 100.00%
single amount and .30 0
provision for bad
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
debt made on an
individual basis
269,266, 19,731,7 249,534,4 274,721 19,707,35 255,013,68
100.00% 7.33% 100.00% 7.17%
Total 177.75 33.88 43.87 ,043.83 4.11 9.72
Accounts receivable with significant single amount for which bad debt provision separately accrued at the
period-end
□ Applicable √ Not applicable
In the groups, accounts receivable adopting aging analysis method to accrue bad debt provision:
√ Applicable □ Not applicable
In RMB
Closing balance
Aging
Accounts receivable Provision for bad debts Proportion of provision (%)
Subitem within 1 year
1-6 months 234,266,258.20
Subtotal within 1 year 239,236,938.40 248,534.01 0.10%
1-2 years 3,024,765.16 302,476.51 10.00%
2-3 years 845,119.80 253,535.94 30.00%
Over 3 years 26,159,354.39 18,927,187.42 72.35%
3-4 years 14,464,060.08 7,236,337.33 50.03%
4-5 years 174,711.38 170,267.16 97.46%
Over 5 years 11,520,582.93 11,520,582.93 100.00%
Total 269,266,177.75 19,731,733.88 7.33%
Notes of the basis of recognizing the group:
In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision
□ Applicable √ Not applicable
In the groups, accounts receivable adopting other methods to accrue bad debt provision:
(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision during the reporting period was of RMB24,379.77; the amount
of the reversed or collected part during the reporting period was of RMB 000.
Of which the significant amount of the reversed or collected part during the reporting period
In RMB
Items Reversed or collected amount Method
(3) The actual write-off accounts receivable
In RMB
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
Items Amount
Of which the significant actual write-off accounts receivable:
In RMB
Whether occurred
Name Nature Amount Reason Process from the related
transactions
Notes of the write-off the accounts receivable:：
(4) Top 5 of the closing balance of the accounts receivable colleted according to the arrears party
The top five accounts receivable by the credit balance as at June 30, 2015 total RMB147,987,043.40, accounting
for 59.40% of total amount of balance as at June 30, 2015 of accounts receivable, and the balance as at June 30,
2015 of provision for bad debts provided correspondingly totals RMB6,355,544.00 .
(5) Account receivable which terminate the recognition owning to the transfer of the financial assets
(6) The amount of the assets and liabilities formed by the transfer and the continues involvement of
accounts receivable Other notes: 6. Prepayment
(1) List by aging analysis:
In RMB
Closing balance Opening balance
Aging
Amount Proportion % Amount Proportion %
Within 1 year 30,791,311.07 88.21% 19,066,002.02 82.25%
1-2 years 1,950,850.06 5.59% 1,950,850.06 8.42%
2-3 years 283,268.49 0.81% 283,268.49 1.22%
Over 3 years 1,881,772.43 5.39% 1,881,772.43 8.12%
Total 34,907,202.05 -- 23,181,893.00 --
Notes of the reasons of the prepayment ages over 1 year with significant amount but failed settled in time
(2) Top 5 of the closing balance of the prepayment colleted according to the prepayment target
Other notes：
7. Interest receivable
(1) Category of interest receivable
In RMB
Items Closing balance Opening balance
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
(2) Significant overdue interest
Whether occurred
Borrower Closing balance Overdue time Reason impairment and its
judgment basis
Other notes：
8. Dividend receivable
(1) Dividend receivable
In RMB
Items Closing balance Opening balance
(2) Significant dividend receivable aged over 1 year
In RMB
Whether occurred
Items Closing balance Aging Reason impairment and its
judgment basis
Other notes：
9. Other accounts receivable
(1) Other accounts receivable disclosed by category
In RMB
Closing balance Opening balance
Book balance Bad debt provision Book balance Bad debt provision
Category Book
Proportio Proportio Proportio Proportion Book value
Amount Amount value Amount Amount
n% n% n% %
Other receivables
with provision for
bad debt made on a 23,598,5 5,026,70 18,571,87 20,645, 5,026,701 15,618,940.
50.35% 20.51% 46.08% 24.35%
portfolio with similar 81.36 1.67 9.69 642.63 .67 96
risk credit
characteristics basis
Other receivables
with insignificant
single amount and 24,155,6 24,155,6 24,155, 24,155,64
49.45% 100.00% 0.00 53.92% 100.00% 0.00
provision for bad 43.73 43.73 643.73 3.73
debt made on an
individual basis
Total 47,754,2 100.00% 29,182,3 61.11% 18,571,87 44,801, 100.00% 29,182,34 65.14% 15,618,940.
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
25.09 45.40 9.69 286.36 5.40 96
Other accounts receivable with significant single amount for which bad debt provision separately accrued at the
period-end
□ Applicable √ Not applicable
In the groups, other accounts receivable adopting aging analysis method to accrue bad debt provision:
√Applicable □ Not applicable
In RMB
Closing balance
Aging
Other receivables Provision for bad debts Proportion of provision (%)
Subitem within 1 year
1-6 months（including 6
16,180,262.98
months）
Subtotal within 1 year 16,884,262.98 35,200.00 0.21%
1-2 years 1,755,896.74 175,589.67 10.00%
2-3 years 269,173.85 134,586.93 50.00%
Over 3 years 4,689,247.79 4,689,247.79 99.83%
3-4 years 39,613.58 31,690.86 80.00%
Over 5 years 4,649,634.21 4,649,634.21 100.00%
Total 23,598,581.36 5,026,701.67 20.51%
Notes of the basis of recognizing the group:
In the groups, other accounts receivable adopting balance percentage method to withdraw bad debt provision
□ Applicable √ Not applicable
In the groups, other accounts receivable adopting other methods to accrue bad debt provision:
√ Applicable □ Not applicable
(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision during the reporting period was of RMB 0.00；the amount of
the reversed or collected part during the reporting period was of RMB 000.
Of which the significant amount of the reversed or collected part during the reporting period
In RMB
Name Reversed or collected amount Method
(3) The actual write-off other accounts receivable
In RMB
Items Amount
Of which the significant write-off other accounts receivable:
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
In RMB
Whether occurred
Name Nature Amount Reason Process from the related
transactions
Notes of write-off other accounts receivable:
(4) Other accounts receivable classified by the nature of accounts
In RMB
Nature Closing book balance Opening book balance
Petty cash and borrowings with small
11,761,484.51 12,446,056.31
amount
Margins and others 6,457,056.62 1,998,166.63
Fully provided provision for bad debts
regarding long-term receivables and 28,805,277.94 28,805,277.94
payables
Export rebates receivable 730,406.02 1,551,785.48
Total 47,754,225.09 44,801,286.36
(5) Top 5 of the closing balance of the other accounts receivable colleted according to the arrears party
In RMB
Proportion of the
total year end Closing balance of
Name Nature Closing balance Aging
balance of the bad debt provision
accounts receivable
Shenzhen Jianshe
3,013,664.00 Over 5 years 6.19% 3,013,664.00
Motorcycle Co., Ltd.
Export rebates
1,670,337.13 Within 1 year 3.43%
receivable
Ningbo Jianshe
Motorcycle Manufacturing 1,021,664.04 Over 5 years 2.10% 1,021,664.04
Co., Ltd.
Shanghai Yamaha
Jianshe Motorcycle 995,019.66 Within 1 year 2.04%
Sales Co., Ltd.
Ningbo Jianshe
692,035.31 Within 5 years 1.42% 692,035.31
Chongqing Office
Total -- 7,392,720.14 -- 15.19% 4,727,363.35
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
(6) Accounts receivable involved with government subsidies
In RMB
Estimated received time,
Name Project of government Opening balance Closing balance
amount and basis
(7) Other account receivable which terminate the recognition owning to the transfer of the financial assets
(8) The amount of the assets and liabilities formed by the transfer and the continues involvement of other
accounts receivable
Other notes:
10. Inventory
(1) Category of inventory
In RMB
Closing balance Opening balance
Items Provision for Provision for
Book balance inventory Book value Book balance inventory Book value
impairment impairment
Raw materials 78,415,281.27 4,618,914.59 73,796,366.68 79,968,561.48 4,618,914.59 75,349,646.89
Goods in progress 20,178,708.02 20,178,708.02 17,923,385.49 17,923,385.49
Stock goods 193,699,726.05 5,587,539.95 188,112,186.10 189,926,511.61 5,587,539.95 184,338,971.66
Total 292,293,715.34 10,206,454.54 282,087,260.80 287,818,458.58 10,206,454.54 277,612,004.04
(2) Falling price reserves of inventory
In RMB
Increased amount Decreased amount
Items Opening balance Reverse or Closing balance
Withdrawal Other Other
write-off
Raw materials 4,618,914.59 4,618,914.59
Stock goods 5,587,539.95 5,587,539.95
Total 10,206,454.54 10,206,454.54
(3) Notes of the closing balance of the inventory which includes capitalized borrowing expenses
(4) Completed unsettled assets formed from the construction contact at the period-end
In RMB
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
Items Amount
Other notes:
11. Assets divided as held-to-sold
In RMB
Estimated disposal
Items Closing book value Fair value Estimated disposal time
expense
Other notes：
12. Non-current assets due within 1 year
In RMB
Itmes Closing balance Opening balance
Other notes：
13. Other current assets
In RMB
Items Closing balance Opening balance
Overpaid tax for offsetting the future tax
16,390,749.73 20,102,069.93
payable
Total 16,390,749.73 20,102,069.93
Other notes：
14. Available-for-sale financial assets
(1) List of available-for-sale financial assets
In RMB
Closing balance Opening balance
Items Provision for Provision for
Book balance Book value Book balance Book value
impairment impairment
Available-for-sale equity
4,340,915.04 4,340,915.04 0.00 4,340,915.04 4,340,915.04 0.00
instruments
Measured at cost 4,340,915.04 4,340,915.04 0.00 4,340,915.04 4,340,915.04 0.00
Total 4,340,915.04 4,340,915.04 4,340,915.04 4,340,915.04
(2) Available-for-sale financial assets measured by fair value at the period-end
In RMB
91
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Category of the
Available –for-sale Available-for-sale
available-for –sale Total
equity instruments liabilities instruments
financial assets
(3) Available-for-sale financial assets measured by cost at the period-end
In RMB
Book balance Impairment provision Shareholdi Cash
ng bonus of
Investee Period-beg Period-beg proportion the
Increase Decrease Period-end Increase Decrease Period-end
in in among the reporting
investees period
Ningbo
Jianshe
Motorcycl
1,140,915. 1,140,915. 1,140,915. 1,140,915.
e 51.00%
04 04 04 04
Manufactu
ring Co.,
Ltd.
Chongqing
Jingjian
Automotiv
3,200,000. 3,200,000. 3,200,000. 3,200,000.
e 6.74%
00 00 00 00
Air-conditi
oner Co.,
Ltd.
4,340,915. 4,340,915. 4,340,915. 4,340,915.
Total --
04 04 04 04
(4) Changes of the impairment of the available-for-sale financial assets during the reporting period
In RMB
Cagegory of the
Available-for-sale equity Available-for-sale
avalable-for-sale Total
instruments liabilities instruments
financial assets
(5) Relevant notes of the fair value of the available-for-sale equity instruments which seriously fell or
temporarily fell but not withdrawn the impairment provision
In RMB
Items sof Fair value of the Falling range of Continued falling Withdrawn Reason of not
Investment cost
available-for-sale period-end the fair value time(month) amount of with drawn the
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
equity against the cost impairment impairment
instruments
Other notes
15. Investment held-to-maturity
(1) List of investment held-to-maturity
In RMB
Closing balance Opening balance
Items Impairment Impairment
Book balance Book value Book balance Book value
provision provision
(2) Significant held-to-maturity investment at the period-end
In RMB
Bond item Par value Norminal interest rate Actual interest rate Due date
(3) Re-classified held-to-maturity investment during the reporting period
Other notes
16. Long-term accounts receivable
(1) List of long-term accounts receivable
In RMB
Closing balance Opening balance
Discount rate
Items Impairment Impairment
Book balance Book value Book balance Book value range
provision provision
(2) Long-term accounts receivable which terminate the recognition owning to the transfer of the financial assets
(3) The amount of the assets and liabilities formed by the transfer and the continues involvement of long-term
accounts receivable
Other notes
17. Long-term equity investment
In RMB
Investees Opening Increase /decrease Closing Closing
93
重庆建设摩托车股份有限公司 2015 年半年度报告全文
balance Gains and Adjustme balance balance
Cash Withdraw
losses nt of of
Additioal Reduced Chinges bonus or al of
recognize other impairme
investmen investmen of other profits impairme Other
d under comprehe nt
t t equity announce nt
the equity nsive provision
d to issue provision
mithod incme
I. Joint ventures
Chongqin
g
Pingshan
81,789,31 952,309.7 2,000,000 80,741,62
TK
7.45 4 .00 7.19
Carburett
or Co.,
Ltd.
Chongqin
g Jianshe
309,977,7 8,246,633 15,000,00 303,224,3
Yamaha
10.14 .64 0.00 43.77
Motor
Co., Ltd.
ZhuzhouJ
ianshe
277,971,7 3,509,273 17,500,00 263,980,9
Yamaha
20.74 .14 0.00 93.89
Motor
Co., Ltd.
669,738,7 12,708,21 34,500,00 647,946,9
Subtotal
48.33 6.52 0.00 64.85
II. Associates
Chongqin
g Fuyeda
Property
56,991.30 56,991.30
Managem
ent Co.,
Ltd.
Chongqin
g
Tongshen
404,439.9 -404,439.
g
7 97
Machiner
y Co.,
Ltd.
Chongqin 15,909,94 -581,018. 15,328,93
94
重庆建设摩托车股份有限公司 2015 年半年度报告全文
g 9.17 53 0.64
Nanfang
Motorcyc
le
Technolo
gy
Research
and
Develop
ment Co.,
Ltd.
16,371,38 -985,458. 15,385,92
Subtotal
0.44 49 1.94
686,110,1 11,722,75 34,500,00 663,332,8
Total
28.77 8.02 0.00 86.79
Other notes
18. Investment property
(1) Investment property adopted the cost measurement mode
√ Applicable □ Not applicable
(2) Investment property adopted fair value measurement mode
□ Applicable √ Notes applicable
(3) Details of investment property failed to accomplish certification of property
In RMB
Items Book value Reason
Other notes
19. Fixed assets
(1) List of fixed assets
In RMB
Electronic and office
Items House and Buildings Machinery equipment Vehicles Total
equipment
I. Original book
value：
1. Opening balance 398,999,164.21 1,077,296,593.11 20,032,347.11 64,830,296.19 1,561,158,400.62
2.Increased
5,798,851.43 84,284,751.28 38,262.92 1,417,570.83 91,539,436.46
amountof the
95
重庆建设摩托车股份有限公司 2015 年半年度报告全文
period
（1）Purchase 5,737,381.01 73,002,999.09 1,369,910.02 80,110,290.12
（2）Transfer of
project under 61,470.42 11,281,752.19 38,262.92 47,660.81 11,429,146.34
Construction
（3）Increased
fromenterprise
merger
3.Decreased amount
5,887,960.72 96,696,436.84 0.00 1,223,844.40 103,808,241.96
of the period
（1）Disposal
5,887,960.72 96,696,436.84 1,223,844.40 103,808,241.96
orscrap
4.Closing balance 398,910,054.92 1,064,884,907.55 20,070,610.03 65,024,022.62 1,548,889,595.12
II. Accumulative
depreciation
1.Opening balance 76,146,821.40 704,759,248.67 13,767,433.01 50,554,204.54 845,227,707.62
2.Increased
amountof the 7,244,764.74 39,888,596.23 770,231.85 4,585,131.75 52,488,724.57
period
（1）Withdrawal 7,244,764.74 39,888,596.23 770,231.85 4,585,131.75 52,488,724.57
3.Decreased
amountof the 1,005,826.70 42,727,438.88 0.00 699,096.04 44,432,361.62
period
（1）Disposalor
1,005,826.70 42,727,438.88 699,096.04 44,432,361.62
scrap
4.Closing balance
III. Depreciation
reserves
1. Opening
balance
2.Increased
amount of the period
（1）Withdrawal
96
重庆建设摩托车股份有限公司 2015 年半年度报告全文
3.Decreased
amount of the period
（1）Disposalor
scrap
4.Closing balance
IV. Book Value
1.Closing book value 316,524,295.48 362,964,501.53 5,532,945.17 10,583,782.37 695,605,524.55
2.Opening book
322,852,342.81 372,537,344.44 6,264,914.10 14,276,091.65 715,930,693.00
value
(2) List of temporarily idle fixed assets
In RMB
Accumulative Impairment
Items Original book value Book value Notes
depreciation provision
(3) Fixed assets leased in from financing lease
In RMB
Accumulative
Items Original book value Impairment provision Book value
depreciation
(4) Fixed assets leased out from operation lease
In RMB
Items Closing book value
(5) Details of fixed assets failed to accomplish certification of property
In RMB
Items Book value Reason
The formalities are handled with the
Houses and buildings 317,484,743.26
relevant authorities
Other notes
20. Construction in progress
（1）(1) List of construction in progress
In RMB
97
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Closing balance Opening balance
Items Provision for Provision for
Book balance Book value Book balance Book value
impairment impairment
Replacement of
5,100,666.20 5,100,666.20 12,525,502.99 12,525,502.99
equipment
Civil engineering 3,789,650.11 3,789,650.11 3,789,650.11 3,789,650.11
Total 8,890,316.31 8,890,316.31 16,315,153.10 16,315,153.10
(2) Changes of significant construction in progress
In RMB
Of
Amount Proporti which：
Accumul
that on The Capitaliz
Other ative
Increase transferr estimate amount ation rate
Estimate decrease amount
Name of Opening d amount ed to Closing d of the Project of the of the Capital
d d amount of
items balance of the fixed balance project progress capitaliz interests resources
number of the capitaliz
period assets of accumul ed of the
period ed
the ative interests period
interests
period input of the
period
(3) List of the withdrawal of the impairment provision of the construction in progress
In RMB
Items Withdrawn amount Reason
Other notes
21. Engineering material
In RMB
Items Closing balance Opening balance
Other notes：
22. Liquidation of fixed assets
In RMB
Items Closing balance Opening balance
Computer 23,606.70
Total 23,606.70
Other notes：
98
重庆建设摩托车股份有限公司 2015 年半年度报告全文
No cleanup
23. Productive biological assets
(1) Productive biological assets measured at cost methods
□ Applicable √ Not applicable
(2) Productive biological assets measured at fair value
□ Applicable √ Not applicable
24. Oil and gas assets
□ Applicable √ Inapplicable
25. Intangible assets
(1) Information
In RMB
Items Land use right Patent Non-patents Total
I. Total original book
value
1. Opening balance 69,813,182.12 82,501,686.28 152,314,868.40
2. Increase in the
reporting period
（1）Purchase
（2）Internal R&D
（3）Increase
fromenterprise
combination
3.Decrease in
thereporting period
（1）Disposal
4.Closing balance 69,813,182.12 82,501,686.28 152,314,868.40
II. Total
accoruedamortizati
on
1.Opening balance 14,365,179.31 45,461,578.54 59,826,757.85
2.Increased in the 696,607.02 6,926,727.66 7,623,334.68
99
重庆建设摩托车股份有限公司 2015 年半年度报告全文
reporting period
（1）Withdrawal 696,607.02 6,926,727.66 7,623,334.68
3.Decrease in the
reporting period
（1）Disposal
4.Closing balance 15,061,786.33 52,388,306.20 67,450,092.53
III. Impairment
provision
1.Opening balance
2.Increases in the
reporting period
（1）Withdrawal
3.Decrease in the
reporting period
（1）Disposal
4.Closing balance
IV. Book value
1.Book value of
54,751,395.79 30,113,380.08 84,864,775.87
theperiod-end
2.Book value of
55,448,002.81 37,040,107.74 92,488,110.55
theperiod-begin
The proportion the intangible assets formed from the internal R&D through the Company amount the balance of
the intangible assets at the period-end.
(2) Details of fixed assets failed to accomplish certification of land use right
In RMB
Items Book value Reason
Other notes：
26. R&D expenses
In RMB
Opening Closing
Items Increase Decrease
balance balance
100
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Development 36,689,261.0 39,296,053.0
of motorcycle 2,606,791.94
7 1
and engine
Expenditures
at the
research
13,341.00 13,341.00
phase of
automobile
air-condition
36,689,261.0 39,296,053.0
2,620,132.94 13,341.00
Total 7 1
Other notes
27. Goodwill
(1) Original book value of goodwill
In RMB
Name of the
investees or the
Opening balance Increase Decrease Closing balance
events formed
goodwill
（2）Goodwill Impairment provision
In RMB
Items Opening balance Increase Decrease Closing balance
Notes of the testing process of goodwill impairment, parameters and the recognition method of goodwill
impairment losses:
Other notes
28. Long-term unamortized expenses
In RMB
Amortization
Items Opening balance Increase Decrease Closing balance
amount
Casting Mould 2,420,539.48 1,549,317.34 1,202,436.11 2,767,420.71
83 Aluminum
4,728,907.20 691,704.96 4,037,202.24
machine entry fee
96 Aluminum
machine technology 651,687.85 35,546.64 616,141.21
transfer fee
Total 7,801,134.53 1,549,317.34 1,929,687.71 7,420,764.16
101
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Other notes
29. Deferred income tax assets/deferred income tax liabilities
(1) Deferred income tax assets had not been off-set
In RMB
Closing balance Opening balance
Items Deductible temporary Deferred income tax Deductible temporary Deferred income tax
difference assets difference assets
Assets impairment
18,601,562.30 3,756,129.12 18,601,562.30 3,756,129.12
provision
Total 18,601,562.30 3,756,129.12 18,601,562.30 3,756,129.12
(2) Deferred income tax liabilities had not been off-set
In RMB
Closing balance Opening balance
Items Deductible temporary Deferred income tax Deductible temporary Deferred income tax
difference liabilities difference liabilities
(3) Deferred income tax assets or liabilities listed by net amount after off-set
In RMB
Mutual set-off amount of Amount of deferred Mutual set-off amount of Amount of deferred
deferred income tax income tax assets or deferred income tax income tax assets or
Items
assets and liabilities at liabilities after off-set at assets and liabilities at liabilities after off-set at
the period-end the period-end the period-begin the period-begin
Deferred income tax 3,756,129.12 3,756,129.12
(4) List of unrecognized deferred income tax assets
In RMB
Items Closing amount Opening amount
Deductible temporary difference 44,835,506.79 44,835,506.79
Deductible losses 728,856,742.29 728,856,742.29
Total 773,692,249.08 773,692,249.08
102
重庆建设摩托车股份有限公司 2015 年半年度报告全文
(5) Deductible losses of unrecognized deferred income tax assets will due the following years
In RMB
Year Closing balance Opening balance Notes
2013
2014 75,337,093.67 75,337,093.67
2015 238,350,758.67 238,350,758.67
2016 228,864,550.40 228,864,550.40
2017 41,946,481.17 41,946,481.17
2018 144,357,858.38 144,357,858.38
Total 728,856,742.29 728,856,742.29 --
Other notes：
30. Other non-current assets
In RMB
Items Closing balance Opening balance
Other notes:
31. Short-term loans
(1) Category of short-term loans
In RMB
Items Closing balance Opening balance
Mortgage loan 14,000,000.00 7,000,000.00
Guarantee loan 133,300,000.00 202,500,000.00
Credit loan 429,500,000.00 594,000,000.00
Total 576,800,000.00 803,500,000.00
Notes of short-term loans category
(2) List of the short-term loans overdue but not return
The total amount of the overdue but not return short-term borrowings at the period-end was of RMB 000, of
which the situation of the significant overdue but not return short-term borrowings as follows:
In RMB
Borrower Closing balance Borrowing rate Overdue time Overdue rate
Other notes:
103
重庆建设摩托车股份有限公司 2015 年半年度报告全文
32. Financial liabilities measured by fair value and the changes included in the current gains and losses
In RMB
Items Closing balance Opening balance
Other notes:
33. Derivative financial liabilities
□ Applicable √ Inapplicable
34. Notes payabl
In RMB
Items Closing balance Opening balance
Bank acceptance bill 963,974,000.00 560,011,000.00
Total 963,974,000.00 560,011,000.00
The total amount of the due but not pay notes payable at the period-end was of RMB 000.
35. Accounts payable
(1) List of accounts payable
In RMB
Items Closing balance Opening balance
Account payable 593,300,845.25 588,221,381.72
Total 593,300,845.25 588,221,381.72
(2) Notes of the accounts payable aging over one year
In RMB
Items Closing balance Unpaid/un-carry-over reason
Other notes:
36. Advance from customers
(1) List of advance from customers
In RMB
Items Closing balance Opening balance
Advance from customers 21,948,376.59 19,883,635.95
104
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Total 21,948,376.59 19,883,635.95
(2) Significant advance from customers aging over one year
In RMB
Items Closing balance Unpaid/un-carry-over reason
(3) Particulars of settled but unfinished projects formed by construction contract at period-end.
In RMB
Items Amount
Other notes:
37. Payroll payable
(1) List of Payroll payable
In RMB
Items Opening balance Increase Decrease Closing balance
Short-term compensation 2,973,757.01 72,703,433.95 71,465,224.99 4,211,965.97
Post-employment
benefits - defined 94,978.79 10,618,860.49 10,650,656.80 63,182.48
contribution plans
Dismissal welfare 3,439,399.27 3,439,399.27
Total 3,068,735.80 86,761,693.71 85,555,281.06 4,275,148.45
(2) List of Short-term salary
In RMB
Items Opening balance Increase Decrease Closing balance
(1)Salary, bonus,
1,232,957.88 57,818,869.16 58,056,160.27 995,666.77
allowance and subsidy
(2)Employee benefits 1,088,970.00 1,148,794.00 -59,824.00
(3) Social insurance
6,326,422.33 6,262,829.71 63,592.62
expenses
Including: medical
5,545,827.17 5,545,827.17
insurance premium
Work-related injury
449,565.89 449,565.89
insurance premium
Maternity insurance
299,232.96 299,232.96
premium
(4) Housing fund 610,366.00 5,652,691.00 4,382,657.00 1,880,400.00
(5) Labor union 1,130,433.13 1,816,481.46 1,614,784.01 1,332,130.58
105
重庆建设摩托车股份有限公司 2015 年半年度报告全文
expenditures and
employee education
expenses
Total 2,973,757.01 72,703,433.95 71,465,224.99 4,211,965.97
(3) List of drawing scheme
In RMB
Items Opening balance Increase Decrease Closing balance
Basic endowment
94,978.79 9,853,794.88 9,885,591.19 63,182.48
insurance premium
Unemployment insurance
765,065.61 765,065.61
premium
Total 94,978.79 10,618,860.49 10,650,656.80 63,182.48
Other notes:
38. Taxes payable
In RMB
Items Closing balance Opening balance
VAT -3,228,791.94 -7,137,726.00
Consumption tax 135,773,604.78 135,774,979.14
Business tax 42,661.67 69,450.72
Enterprises income tax -12,334,297.92 -12,292,552.33
Individual income tax -53,908.90 -34,660.87
Urban maintenance and construction tax -288,516.47 12,961.77
Other 16,188,107.59 20,112,215.70
Total 136,098,858.81 136,504,668.13
Other notes:
39. Interest payable
In RMB
Items Closing balance Opening balance
Particulars of significant overdue unpaid interes：
In RMB
Unit Overdue amount Overdue reason
106
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Other notes:
40. Dividends payable
In RMB
Items Closing balance Unpaid/un-carry-over reason
Note: Including significant unpaid dividends payable over one year, the unpaid reason shall be disclosed:
41. Other accounts payable
(1) Other accounts payable listed by nature of the account
In RMB
Items Closing balance Unpaid/un-carry-over reason
Margins deposited 5,408,738.50 5,054,288.50
Othr 15,522,753.35 19,833,135.81
Total 20,931,491.85 24,887,424.31
(2) Other significant accounts payable with aging over one year
In RMB
Items Closing balance Unpaid/un-carry-over reason
Margins deposited 3,469,656.50 The business has not been discontinued.
Ningbo Shenjiang Technology Joint Stock
1,000,000.00 Loans
Limited Company
Total 4,469,656.50 --
Other notes:
42. Liabilities classified as holding for sale
In RMB
Items Closing balance Opening balance
Other notes:
43. Non-current liabilities due within 1 year
In RMB
Items Closing balance Opening balance
Long-term loans due within 1 year 75,000,000.00 111,000,000.00
107
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Total 75,000,000.00 111,000,000.00
Other notes:
44. Other current-liabilities
In RMB
Items Closing balance Opening balance
Changes on short term bonds payable:
In RMB
Overflow
The Withdraw Pay in
Name of Book Issue Opening discount Closing
Issue date period current interest at current
the bond value amount balance amortizati balance
issue par period
on
Other notes:
45. Long-term loan
(1) Category of long-term loan
In RMB
Items Closing balance Opening balance
Guaranteed loans 87,500,000.00 114,000,000.00
Credit loans 65,500,000.00 7,000,000.00
Total 153,000,000.00 121,000,000.00
Notes ：
Other notes，including interest rate range：
46. Bonds payable
(1) Bonds payable
In RMB
Items Closing balance Opening balance
108
重庆建设摩托车股份有限公司 2015 年半年度报告全文
(2) Changes on bonds payable (not including other financial instrument classified as preferred stock and perpetual
capital securities of financial liabilities)
In RMB
(3) Note to conditions and time of share transfer of convertible bonds
(4) Note to other financial instrument classified as financial liabilities
Basic information of preferred stock, perpetual capital securities and other financial instruments outstanding
issued at period-end Change list of preferred stock, perpetual capital securities and other financial instruments
outstanding issued at period-end
In RMB
Financial Opening period Increase Decrease Closing period
instruments
outstanding Amount Book value Amount Book value Amount Book value Amount Book value
issued
Notes to the basis of other financial instrument classified as financial liabilities
Other notes:
47. Long-term payable
(1) Long-term payable listed by nature of the account
In RMB
Items Closing balance Opening balance
Other notes:
48. Long term payroll payable
(1) List of long term payroll payable
In RMB
Items Closing balance Opening balance
(2) Changes of defined benefit plans
Present worth of defined benefit plans obligation:
In RMB
Items Amount of the Current Term Amount of the Previous Term
Plan assets:
109
重庆建设摩托车股份有限公司 2015 年半年度报告全文
In RMB
Items Amount of the Current Term Amount of the Previous Term
Net liabilities (net assets) of defined benefit plans
In RMB
Items Amount of the Current Term Amount of the Previous Term
Notes to the influence of the content and related risk of defined benefit plans to the future cash flows, time and
uncertainty of the Company:
Notes to analysis results of major actuarial assumptions and sensibility of defined benefit plans
Other notes:
49. Special payable
In RMB
Items Opening balance Increase Decrease Closing balance Formation reasons
Other notes:
50. Accrued liabilities
In RMB
Items Closing balance Opening balance Formation reasons
Pending litigation 3,226,654.00 3,226,654.00
Total 3,226,654.00 3,226,654.00 --
Other notes, including related important assumptions and estimates of accrued liabilities:
51. Deferred income
In RMB
Items Opening balance Increase Decrease Closing balance Formation reasons
Items involved in government subsidies:：
In RMB
Amount of newly Amount accrued Related to the
Items Opening balance Other changes Closing balance
subsidy in non-business assets/income
Other notes:
52. Other non-current liabilities
In RMB
110
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Items Closing balance Opening balance
Other notes:
53. Share capital
单位：元
Increase ("+") /decrease ("-") for the current year
Opening Share Closing
balance Issuance of converted from balance
Share donation Others Sub-total
new shares public reserve
funds
Total shares 119,375,000.00 119,375,000.00
Other notes:
54. Other equity instruments
(1) Basic information of preferred stock, perpetual capital securities and other financial instruments outstanding
issued at period-end (2) Change list of preferred stock, perpetual capital securities and other financial instruments
outstanding issued at period-end
In RMB
Financial Opening balance Increase Decrease Closing balance
instruments
outstanding Amount Book value Amount Book value Amount Book value Amount Book value
issued
Changes, reason of change and basis of relevant accounting treatment of other equity instruments in reporting
period:
Notes:
55. Capital reserves
In ：RMB
Items Opening balance Increase Decrease Closing balance
Capital premium 344,407,741.07 344,407,741.07
Other capital reserves 616,097,776.52 616,097,776.52
Total 960,515,317.59 960,515,317.59
Other notes, including changes and reason of change:
56. Treasury stock
In RMB
111
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Items Opening balance Increase Decrease Closing balance
Other notes, including changes and reason of change:
57. Other comprehensive income
In RMB
Reporting period
Less：Amount
transferred
into profit and
Amount loss in the After-tax After-tax
Opening Less： Closing
Items incurred current period attribute to attribute to
balance Income tax balance
before that recognied the parent minority
expenses
income tax into other company shareholder
comprehensive
income in
prior period
Other notes, including the adjustment of the recognition of initial amount of effective part of the cash flow
hedging gains and losses transfer into arbitraged items:
58. Special reserves
In RMB
Items Opening balance Increase Decrease Closing balance
Other notes, including changes and reason of change:
59. Surplus reserves
In RMB
Items Opening balance Increase Decrease Closing balance
Statutory surplus
125,686,000.00 125,686,000.00
reserves
Total 125,686,000.00 125,686,000.00
Other note, including changes and reason of change
60. Retained profits
In RMB
Items Amount of the Current Term Amount of the Previous Term
112
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Opening balance of retained profits before
-1,188,255,120.98 -1,054,661,171.00
adjustments
Opening balance of retained profits after
-1,188,255,120.98 -1,054,661,171.00
adjustments
Add: Net profit attributable to owners of the
-70,888,688.67 -59,842,020.24
Parent company
Closing retained profits -1,259,143,809.65 -1,114,503,191.24
List of adjustment of opening retained profits:
1) RMB 000 opening retained profits was affected by retrospective adjustment conducted according to the
Accounting Standards for Business Enterprises and relevant new regulations.
2) RMB 000 opening retained profits was affected by changes on accounting policies.
3) RMB 000 opening retained profits was affected by correction of significant accounting errors.
4) RMB 000 opening retained profits was affected by changes in combination scope arising from same control.
5) RMB 000 opening retained profits was affected totally by other adjustments.
61. Revenue and Cost of Sales
In RMB
Amount of the Current Term Amount of the Previous Term
Items
Income Cost Income Cost
Main business 679,961,831.35 600,424,531.70 917,744,345.68 806,352,064.94
Other business 39,693,871.12 35,687,587.10 29,426,531.27 24,057,670.09
Total 719,655,702.47 636,112,118.80 947,170,876.95 830,409,735.03
62. Business tax and surcharges
In RMB
Items Amount of the Current Term Amount of the Previous Term
Consumption tax 8,111,340.25
Business tax 135,173.28 147,794.65
Urban maintenance and construction tax 935,057.56 1,730,856.01
Educational surtax 666,801.84 1,212,033.13
Total 1,737,032.68 11,202,024.04
Other notes:
63. Sales expenses
In RMB
Items Amount of the Current Term Amount of the Previous Term
113
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Employee compensation payable 9,372,264.70 11,969,783.80
Depreciation costs 844,807.30 919,516.28
Office costs 985,191.01 1,349,860.96
Loading and unloading expenses 204,948.28 223,175.96
Transportation cost 7,846,195.22 8,180,069.24
Insurance premium -212,713.27 429,849.48
Operating funds 97,263.71 151,771.40
Exhibition fees 557,160.43 262,641.50
Advertising expenses 154,830.13 326,912.19
Travel expenses 2,269,211.05 2,763,132.59
Sale service fees 9,424,008.92 8,081,495.79
Repair charges 3,738,168.57 7,260,136.60
Warehousing custodian fees 3,178,861.28 4,201,480.37
Other expenses 1,864,572.51 2,585,198.22
Total a 40,324,769.84 48,705,024.38
Other notes:
64. Administrative expenses
In RMB
Items Amount of the Current Term Amount of the Previous Term
Employee compensation payable 27,897,625.54 31,922,005.47
Depreciation costs 4,288,298.87 4,036,758.34
Office costs 646,878.74 582,003.79
Water and electric charge 328,348.25 367,792.50
Travel expenses 664,302.44 736,125.67
Transportation cost 427,930.39 640,222.09
Insurance premium 47,193.72 88,805.22
Repair charges 4,316,775.28 5,995,269.21
Consumption of goods and materials 414,597.54 670,752.79
Technological development expenses 13,459,265.75 15,419,127.85
Technological transfer fees 1,218,036.48 1,069,658.21
Taxes
Amortization of intangible assets 7,623,334.68 7,663,832.22
Entertainment expenses 1,164,649.57 1,421,783.47
114
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Conference fees 97,265.34 247,664.60
Intermediary service expenses 921,018.01 1,138,546.97
Board meeting fees 219,532.43 279,487.20
Other 7,813,551.08 9,194,995.44
Total 71,548,604.11 81,474,831.04
Other notes：
65. Financial expenses
In RMB
Items Amount of the Current Term Amount of the Previous Term
Interest expenses 52,917,339.47 53,387,859.35
Less: Interest income 3,765,077.71 3,144,823.68
Gains or losses on exchange -340,415.07 -743,462.52
Other 3,116,982.07 777,878.64
Total 51,928,828.76 50,277,451.79
Other notes:
66. Asset impairment loss
In RMB
Items Amount of the Current Term Amount of the Previous Term
I. Bad debt loss 24,379.77 -1,068,102.87
Total 24,379.77 -1,068,102.87
Other notes：
67. Gains on the changes in the fair value
In RMB
Source Amount of the Current Term Amount of the Previous Term
Other notes
: 68. Investment income
In RMB
Items Amount of the Current Term Amount of the Previous Term
Long-term equity investment income
11,722,758.01 17,158,088.15
calculated by equity method
115
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Total 11,722,758.01 17,158,088.15
Other notes：
69. Non-operating gains
In RMB
Amount of the Current Amount of the Previous Recorded in the amount of the
Items
Term Term non-recurring gains and losses
Incl. Gains from disposal of
2,400.00
fixed assets
Government subsidy 945,400.00 200,000.00
Other 296,923.98 206,874.21
Total 1,242,323.98 409,274.21
Government subsidies recorded into current profits and losses：
In RMB
Amount of the Current Amount of the Previous
Items Related to the assets/ income
Term Term
Recruitment subsidy of
Humanresource and social 200.00
bureau industrial enterprises
The funds for international
270,000.00
market development
Industrial supporting funds 616,400.00
Special funds of foreign trade
58,800.00
and economic development
Other 200,000.00 Income related
Total 945,400.00 200,000.00 --
Other notes：
70. Non-operational expenditures
In RMB
Items Amount of the Current Amount of the Previous Carried to current contingent
Term Term gain/loss
Loss on disposal of non-current
18,231.69 110,483.37
assets
Including: Loss on disposal of
18,231.69 110,483.37
fixed assets
Other 350,233.87 3,240,002.85
116
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Total 368,465.56 3,350,486.22
Other notes：
71. Income tax expense
(1) Lists of income tax expense
In RMB
Items June 30, 2015 June 30, 2014
Current income tax expense 1,335,610.09 218,486.34
Total 1,335,610.09 218,486.34
(2) Adjustment process of accounting profit and income tax expense
In RMB
Items June 30, 2015
Total profit -69,423,415.07
Income tax expenses 1,335,610.09
72. Other comprehensive income
Refer to the notes
73. Supplementary information to cash flow statement
(1) Other cash received relevant to operating activities
In RMB
Items June 30, 2015 June 30, 2014
Interest income 1,989,967.71 3,144,823.68
Other 2,596,691.57 1,279,019.86
Total 4,586,659.28 4,423,843.54
(2) Other cash paid related to operation
In RMB
Items June 30, 2015 June 30, 2014
Operation fees such as freight,
12,324,768.61 11,903,205.87
warehousing fees
Administrative expenses such as office 6,509,743.09 12,845,103.78
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
expenses and traveling expenses
Others 8,512,591.88 8,473,069.57
Total 27,347,103.58 33,221,379.22
Statement on other cash paid related to operation
(3) Other cash received related to investment
In RMB
Items June 30, 2015 June 30, 2014
Statement on other cash received related to investment
(4) Other cash paid related to investment
In RMB
Items June 30, 2015 June 30, 2014
Statement on other cash paid related to investment
(5) Other cash received related to financing
In RMB
Items June 30, 2015 June 30, 2014
Financial note discount received 778,707,557.01 782,532,081.15
Total 778,707,557.01 782,532,081.15
Statement on other cash received related to financing
(6) Other cash paid relevant to financing activities
In RMB
Items June 30, 2015 June 30, 2014
Payment of due financing notes 475,011,000.00 763,396,400.00
Decrease of note deposit 47,503,703.95 115,499,954.69
Total 522,514,703.95 878,896,354.69
Notes ：
74. Supplementary information to cash flow statement
(1) Information of net profit to net cash flows generated from operating activities
In RMB
Supplementary information June 30, 2015 June 30, 2014
118
重庆建设摩托车股份有限公司 2015 年半年度报告全文
1. Net profit adjusted to cash flows from
-- --
operating activities
Net profits -70,759,025.16 -59,831,696.66
Add：Provision for assets impairment 24,379.77 -1,068,102.87
Depreciation of fixed assets and others 33,443,967.73 33,211,180.21
Amortization of intangible assets 7,623,334.68 7,666,832.22
Amortization of long-term deferred expenses 1,913,948.97 1,867,252.71
Losses on disposal of fixed assets, intangible
assets and other long-term assets ("-" for 18,231.69 108,083.37
gains)
Financial expenses ("-" for income) 47,258,828.76 50,277,451.79
Investments losses ("-" for gains) -11,722,758.01 -17,362,088.15
Decreases in inventories ("-" for increases) -2,475,256.76 14,036,630.30
Decreases in operating payables ("-" for
28,732,283.15 -7,907,936.62
increases)
Increases in operating payables ("-" for
-1,596,191.76 83,649,269.10
decreases)
Net cash flows from operating activities 32,461,743.06 104,646,875.40
2. Investing and financing activities that do
-- --
not involving cash receipts and payment:
3. Net increase in cash and cash equivalents -- --
Closing balance of cash 33,855,181.33 19,000,119.98
Less: Opening balance of cash 35,555,585.06 170,222,347.76
Net increase in cash and cash equivalents -1,700,403.73 -151,222,227.78
(2) Net Cash paid of obtaining the subsidiary
In RMB
Amount
Of which --
Of which --
Of which --
Notes:
(3) Net Cash receive of disposal of the subsidiary
In RMB
Amount
Of which --
Of which --
119
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Of which --
Notes:
(4) Cash and cash equivalents
In RMB
Items Closing balance Opening balance
I.Cash 33,855,181.33 35,555,585.06
Including ：Cash on hand 85,569.47 116,629.79
Bank deposit on demand 33,769,611.86 35,438,955.27
III. Closing balance of cash and cash
33,855,181.33 35,555,585.06
equivalents
Notes:
75. Note of statement of changes in the owner's equity
Explain "other" project name and adjustment amount of the adjustment of closing balance in previous year, etc.:
76. The assets with the ownership or use right restricted
In RMB
Items Closing book value Restricted reason
Provide a guarantee for issuance of bank
Monetary capital 279,787,343.56
acceptance bills
Total 279,787,343.56 --
Notes:
77. Foreign currency monetary items
(1) Foreign currency monetary items
In RMB
Closing foreign currency Closing convert to RMB
Items Exchange rate
balance balance
Notes:
(2) Note to oversea entities including: for significant oversea entities, shall disclose main operating place,
recording currency and selection basis, if there are changes into recording currency, shall also disclose the reason.
□ Applicable √Not applicable
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78. Arbitrage
Arbitrage According to arbitrage category to disclose arbitrage item, relevant arbitrage tools and the
arbitraged risk qualitative and quantitative information:
79.Other
VIII. Changes of merge scope
1. Business merger not under same control
(1) Business merger not under same control in reporting period
In RMB
Income of Net profits of
Time and
Cost of Way to gain Recognition acquiree acquiree
place of Proportion of
Name gaining the the stock Pruchase date basis of during the during the
gaining the stock rights
stock rights rights purchase date purchase date purchase date
stock right
to period-end to period-end
Other notes：
(2) Combined cost and goodwill
In RMB
Combined cost
Notes to determination method, consideration and changes of fair value of combined cost:
The main formation reason for the large goodwill:
Other notes:
(3) The identifiable assets and liabilities of acquiree at purchase date
In RMB
Fair value on purchase date Book value on purchase date
The recognition method of the fair value of identifiable assets and liabilities
Contingent liability of acquiree undertaken by business merger
Other notes:
(4) The profit or loss from equity held by the date before acquisition in accordance with the fair value measured
again、
Whether there is a transaction that through multiple transaction step by step to realize enterprises merger and
gaining the control during the reorting period
□ Yes √ No
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(5) Note to merger could not be determined reasonable consideration or Identifiable assets, Fair value of liabilities
of the acquiree at acquisition date or closing period of the merge
(6) Other notes:
2. Business combination under the same control
(1) Business combination under the same control during the reporting period
In RMB
Income from Net profits
the from the
Recognition Income Net profits
period-begin reporting
Proportion of Combination basis of during the during the
Name Basis to the period to the
the profits date combination period of period of
combination combination
date comparison comparison
date of the date of the
combination combination
Notes:
(2) Combination cost
In RMB
Combination cost
Notes to contingent consideration or other changes:
Other notes:
In RMB
Combination date Last closing period
Contingent liabilities of the combined party undertaken in combination
Other notes:
3. Counter purchase
Basic information of trading, the basis of transactions constitute counter purchase, the retain assets , liabilities of
the listed companies whether constituted a business and its basis, the determination of the combination costs, the
amount and calculation of adjusted rights and interests in accordance with the equity transaction process.
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4. The disposal of subsidiary
Whether there is a single disposal of the investment to subsidiary and lost control
□ Yes √ No
Whether there are multiple transactions step by step dispose the investment to subsidiary and lost control in
reporting period
□ Yes √ No
5. Other reasons for the changes in combination scope
Notes to reasons for the changes in combination scope (Newly established subsidiary and subsidiary of
liquidation) and relevant information:
6. Other
IX. Equity in other entities
1. Equity in subsidiary
(1) The structure of the enterprise group
Main operating Nature of Proportion of shareholding
Name Registration place Way of gaining
place business Directly Indirectly
Chongqing
Sales of vehicles,
Jianshe
Chongqing Chongqing motorcycles, and 100.00% Investment
Motorcycle Sales
parts
Co., Ltd
Chongqing
Beifang Import
Business
and Export Trade
The export of combination
Co., Ltd.("The Chongqing Chongqing motorcycles and 95.14% 4.86%
under common
Import and their accessories
and other import control
Export
and export agent
Company") services
Production and
Air Conditioner sale of
Chongqing Chongqing 43.75% 56.25%
Co. automotive
air-conditioners
Investment
Shanghai Jianshe Shanghai Shanghai Domestic sales of 51.00% Business
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Motorcycle motorcycles and combination not
the relevant under common
accessories control
Chongqing Domestic sales of
Jianshe motorcycles and
Chongqing Chongqing 45.00% 55.00% Investment
Motorcycle Sales the relevant
Co. accessories
Notes: holding proportion in subsidiary different from voting proportion:
Basis of holding half or less voting rights but still been controlled investee and holding more than half of the
voting rights not been controlled investee:
Significant structure entities and controlling basis in the scope of combination:
Basis of determine whether the Company is the agent or the principal:
Other notes:
(2) Significant not wholly owned subsidiary
In RMB
The profits and losses Declaring dividends Balance of minority
Shareholding proportion
Name arbitrate to the minority distribute to minority shareholder at closing
of minority shareholder
shareholders shareholder period
Shanghai Jianshe
49.00% 129,663.51 715,977.42
Motorcycle Co., Ltd.
Holding proportion of minority shareholder in subsidiary different from voting proportion:
Other notes:
(3) The main financial information of significant not wholly owned subsidiary
In RMB
Closing balance Opening balance
Non-curr Non-curr
Non-curr Current Total Non-curr Current Total
Name Current Total ent Current Total ent
ent Liabilitie Liabilitie ent Liabilitie Liabilitie
assets assets Liabilitie assets assets Liabilitie
assets s s assets s s
s s
Shanghai
Jianshe
12,348,8 8,281,28 20,630,1 19,168,9 19,168,9 11,203,4 8,578,05 19,781,5 18,584,9 18,584,9
Motorcy
81.78 8.15 69.93 91.51 91.51 66.47 0.11 16.58 57.57 57.57
cle Co.,
Ltd.
In RMB
Name June 30, 2015 June 30, 2014
124
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Total Total
Operation Operating Operation Operating
Net profit comprehensi Net profit comprehensi
revenue cash flow revenue cash flow
ve income ve income
Shanghai
Jianshe 16,403,587.2
7,548,232.74 264,619.41 264,619.41 869,848.00 106,355.59 106,355.59 1,242,940.04
Motorcycle 4
Co., Ltd.
Other notes:
(4) Significant restrictions of using enterprise group assets and pay off enterprise group debt
(5) Provide financial support or other support for structure entities incorporate into the scope of consolidated
financial statements Other notes:
2. The transaction of the Company with its owner’s equity share changed but still controlling the
subsidiary
(1) Note to owner’s equity share changed in subsidiary
(2) The transaction’s influence to equity of minority shareholders and attributable to the owner's equity of the
parent company
In RMB
Other notes
3. Equity in joint venture arrangement or associated enterprise
(1) Significant joint venture arrangement or associated enterprise
Shareholding ratio (%) Accounting
treatment
Name of joint methods for the
Domicile of
venture or Registered place Business nature
primary operation Directly Indirectly investments in
associate
joint ventures or
associates
Production and
sales of
Chongqing motorcycles and 50.00%
Jianshe Yamaha the relevant
Motor., Ltd. Chongqing Chongqing accessories Equity method
Production and
sales of
Zhuzhou Jianshe motorcycles and 50.00%
Yamaha Motor., the relevant
Ltd. Zhuzhou Zhuzhou accessories Equity method
125
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Production and
Chongqing sales of
Pingshan TK motorcycles and 49.00%
Carburettor Co., the relevant
Ltd. Chongqing Chongqing accessories Equity method
Production and
Chongqing sales of
Tongsheng motorcycles and 30.00%
Machinery Co., the relevant
Ltd. Chongqing Chongqing accessories Equity method
Chongqing
Nanfang Research and
Motorcycle development of
Technology technologies 23.53%
Research and relating to
Development Co., motorcycle and
Ltd. Chongqing Chongqing its accessories Equity method
Property
Fuyada Chongqing Chongqing 20.00%
management Equity method
Notes to holding proportion of joint venture or associated enterprise different from voting proportion:
Basis of holding less than 20% of the voting rights but has a significant impact or holding 20% or more voting
rights but does not have a significant impact:
（2）Major joint ventures and associates
In RMB
Closing balance/June 30, 2015 Opening balance/June 30, 2014
Chongqing Chongqing Zhuzhou Jianshe Chongqing Chongqing Zhuzhou Jianshe
Pingshan Taikai Jiansheyamaha YAMAHA Pingshan Taikai Jiansheyamaha YAMAHA
Current assets 157,706,803.08 634,389,645.42 546,854,838.11 157,922,266.98 632,108,475.39 659,937,994.80
Including：
Cashand cash 93,839,660.55 222,862,297.94 226,343,840.23 100,205,280.67 221,922,023.97 178,527,703.37
equivalents
Not-current assets 27,745,044.86 305,295,706.96 143,267,031.32 30,105,156.34 317,876,109.24 145,845,485.68
Total assets 185,451,847.94 939,685,352.38 690,121,869.43 188,027,423.32 949,984,584.63 805,783,480.48
Current
20,768,270.32 320,366,277.67 155,236,529.62 21,110,448.97 317,158,777.19 241,678,007.65
Liabilities
Non-Current
0.00 0.00 0.00
Liabilities
Total Liabilities 20,768,270.32 320,366,277.67 155,236,529.62 21,110,448.97 317,158,777.19 241,678,007.65
Equity
attributable to the
164,683,577.62 619,319,074.71 534,885,339.81 166,916,974.35 632,825,807.44 564,105,472.83
shareholders of
parent company
Shares in net 80,694,953.05 309,659,537.36 267,442,669.91 81,789,317.45 316,412,903.73 282,052,736.42
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
assets calculated
according to the
shareholding
ratios
Adjustment
6,435,193.59 4,081,015.68
events
--Other 6,435,193.59 4,081,015.68
The book values
of equity
80,741,627.19 303,224,343.77 263,980,993.89 81,789,317.45 309,977,710.14 277,971,720.74
investments in
joint ventures
Operating income 59,051,666.78 856,648,240.74 355,036,006.73 64,692,207.20 832,929,635.79 401,397,349.05
Financial
-1,148,019.36 -744,080.50 -794,976.51 -1,745,153.41 46,859.74 -662,445.07
expenses
Income tax
601,274.45 165,698.41
expenses
Net profit 1,943,489.27 16,493,267.27 7,018,546.27 2,672,938.31 20,007,480.72 14,026,806.41
Total
comprehensive 1,943,489.27 16,493,267.27 7,018,546.27 2,672,938.31 20,007,480.72 14,026,806.41
income
Dividends
received from
2,000,000.00 15,000,000.00 17,500,000.00 1,470,000.00 15,000,000.00 19,000,000.00
joint ventures for
the current year
Other notes
(3) Main financial information of significant associated enterprise
In RMB
Closing balance/June 30, 2015 Opening balance/June 30, 2014
Chongqing Chongqing South Chongqing Chongqing Chongqing South Chongqing
Tongsheng Motorcycle Fuyeda Tongsheng Motorcycle Fuyeda
Current assets 69,844,807.23 58,184,542.79 4,266,036.12 106,020,876.82 59,852,254.15 4,833,931.48
Non-current
5,451,868.26 6,976,408.89 95,743.73 6,008,707.69 7,896,826.11 93,413.34
assets
Total assets 75,296,675.49 65,160,951.68 4,361,779.85 112,029,584.51 67,749,080.26 4,927,344.82
Current
80,945,714.89 12,963.85 3,979,023.67 110,681,451.27 131,762.45 4,642,388.31
Liabilities
Total Liabilities 80,945,714.89 12,963.85 3,979,023.67 110,681,451.27 131,762.45 4,642,388.31
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
Equity
attributable to the
-5,649,039.40 65,147,987.83 382,756.18 1,348,133.24 67,617,317.81 284,956.51
shareholders of
parent company
Shares in net
assets calculated
according to the -1,694,711.82 10,860,169.57 76,551.24 404,439.97 15,909,949.17 56,991.30
shareholding
ratios
The book values
of equity
15,328,930.64 56,991.30 404,439.97 15,909,949.17 56,991.30
investments in
associated
Operating income 39,762,203.77 943.23 3,524,071.49 10,347,515.85 204.31 3,133,250.48
Net profit -6,997,172.64 -2,469,329.98 97,799.67 -660,632.52 -1,348,233.02 902,927.52
Total
comprehensive -6,997,172.64 -2,469,329.98 97,799.67 -660,632.52 -1,348,233.02 902,927.52
income
Other notes
(4) Summary financial information of insignificant joint venture or associated enterprise
In RMB
Closing balance/June 30, 2015 Opening balance/June 30, 2014
Joint venture： -- --
The total of following items according to the
-- --
shareholding proportions
Associated enterprise: -- --
The total of following items according to the
-- --
shareholding proportions
Other notes:
(5) Note to the significant restrictions of the ability of joint venture or associated enterprise transfer funds to the
Company
(6) The excess loss of joint venture or associated enterprise
In RMB
The cumulative recognized The derecognized losses or the The noncumulative
Name losses in proevious share of net profit in reporting unrecognized losses in reporting
accumulatively derecognized period period
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Other notes:
(7) The unrecognized commitment related to joint venture investment
(8) Contingent liabilities related to joint venture or associated enterprise investment
4. Significant common operation
Main operating Proportion /share portion
Name plance registration Registration place Business nature
Directly Indirectly
place
Note to holding proportion or share portion in common operation different from voting proportion:
Basis of common operation as a single entity, classify as common operation Other notes:
Other notes
5. Equity of structure entity not including in the scope of consolidated financial statements
Related notes to structure entity not including in the scope of consolidated financial statements
6.Other
X. The risk related financial instruments
XI. The disclosure of the fair value
1. Closing fair value of assets and liabilities calculated by fair value
In RMB
Closing fair value
Items Fair value measurement Fair value measurement Fair value measurement
Total
items at level 1 items at level 2 items at level 3
I. Consistent fair value
-- -- -- --
measurement
II Inconsistent fair
-- -- -- --
valuemeasuement
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重庆建设摩托车股份有限公司 2015 年半年度报告全文
2. Market price recognition basis for consistent and inconsistent fair value measurement items at level 1
3. Valuation technique adopted and nature and amount determination of important parameters for
consistent and inconsistent fair value measurement items at level 2
4. Valuation technique adopted and nature and amount determination of important parameters for
consistent and inconsistent fair value measurement items at level 3
5. Sensitiveness analysis on unobservable parameters and adjustment information between opening and
closing book value of consistent fair value measurement items at level 3
6. Explain the reason for conversion and the policy governing when the conversion happens if conversion
happens among consistent fair value measurement items at different levels
7. Changes in the valuation technique in the current period and the reason for change
8. Fair value of financial assets and liabilities not measured at fair value
9. Other
XII. Related party and related Transaction
1. Information related to parent company of the Company
Name of the parent Shareholding ratio in Voting ratio in the
Registered place Business nature Registered capital
company the Company (%) Company (%)
Special machinery
South Group Beijing 12645210000 71.13% 71.13%
production
Notes:
The ultimate controller of the Company is The State-owned Assets Supervision and Administration Commission
of the State Council.
Other notes：
2.Subsidiaries of the Company
See the Note for the details of subsidiaries of the Company
3. Information on the joint ventures and associated enterprises of the Company
The details of significant joint venture and associated enterprise of the Company
Information on other joint venture and associated enterprise of occurring related party transactions with the
Company in reporting period, or form balance due to related party transactions in previous period:
Name of joint venture or associate Relationship with the company
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Chongqing Jianshe Yamaha Motor., Ltd.("Chongqing Jianshe
Joint venture
Yamaha ")
Zhuzhou Jianshe Yamaha Motor., Ltd.("Zhuzhou Jianshe
Joint venture
Yamaha")
Chongqing Pingshan TK Carburettor Co., Ltd.("Pingshan TK") Joint venture
Chongqing Tongsheng Machinery Co., Ltd.("Tongsheng
Joint venture
Jianshe")
Chongqing Fuyeda Property Management Co., Ltd.("Fuyeda") Joint venture
Other notes
4.Other related parties of the Company
Name of other related parties Relationship with the Company
Chongqing Jianshe Industrial (Group) Co., Ltd. ("Jianshe
industry ") Under the common control of the same party
China South Industries Group Finance Co., Ltd. ("South Finance
Company ") Under the common control of the same party
Chongqing Jianxing Machinery Manufacturing Co., Ltd.
("Jianxing Machinery ") An associate of a subsidiary of a controlling shareholder
Chongqing Changan Motor Joint Stock Limited Company
("Changan Motor ") Under the common control of the same party
Chongqing Changan Suzuki Motor Co., Ltd. ("Changan Suzuki
") Under the common control of the same party
Hebei Changan Motor Co., Ltd. ("Hebei Changan ") Under the common control of the same party
Nanjing Changan Motor Co., Ltd. ("Nanjing Changan ") Under the common control of the same party
Chongqing Nanfang Motorcycle Co., Ltd. ("Nanfang Motorcycle
") Under the common control of the same party
Chongqing Jianshe Construction Engineering Co., Ltd.
("Construction Company ") Under the common control of the same party
Jiangmen Qingqi Huanan Motorcycle Co., Ltd. ("Jiangmen
Qingqi ") Under the common control of the same party
Chongqing Changan Motor Customer Service Co., Ltd.
("Changan Motor Customer Service ") Under the common control of the same party
China Jialing Industrial Joint Stock Limited Company (Group)
("Jialing Industry ") Under the common control of the same party
Former related party (Under the common control of the same
Jiangxi Changhe Suzuki Motor Co., Ltd.("Changhe Suzuki ") party)
Other notes
5. List of related-party transactions
(1) Information on acquisition of goods and reception of labor service
Acquisition of goods and reception of labor service
In RMB
131
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Occurred current Trading limit Over the trading limit Occurred in previous
Related party Content
term approved or not? term
Purchasing of
Jianshe Industry 11,563,680.95 24,000,000.00 No 11,180,293.63
goods
Purchasing of
Jianxing Machinery 12,583,203.41 36,000,000.00 No 17,703,199.49
goods
Purchasing of
Chongqing Yamaha 21,825,031.18 45,760,000.00 No 40,138,528.20
goods
Purchasing of
China Jialin 505.12 50,000.00 No 7,106.54
goods
Purchasing of
Pingshan Taikai 3,556,461.49 9,600,000.00 No 1,232,162.80
goods
Tongsheng Purchasing of
2,287,159.23 8,400,000.00 No 7,046,156.10
Construction goods
Fuyeda Accept labor 216,534.54 800,000.00 No 284,394.90
Purchasing of
Jianshe Industry 44,807.68 0.00 No 4,079,003.51
goods
Purchasing of
China Changan 5,400,000.00 No 0.00
goods
South Motorcycle Guarantee 1,050,000.00 No 0.00
Sales of goods and services
In RMB
Subjects of the related
Related parties Occurred current term Occurred in previous term
transactions
3,916,527.72 4,515,219.39
Chongqing Jianya sales of goods 112,536,206.37 178,289,136.78
Changan Auto sales of goods 149,688,290.88 125,005,671.87
Tongsheng Jianshe sales of goods 778,299.00 1,677,475.60
Jiangmen Qingqi sales of goods 107,288.20 3,985,624.78
China Jialin sales of goods 218.44 1,460.49
Notes
(2) Related trusteeship/contract
Lists of related trusteeship/contract
In RMB
Name of the Name of the Income
entruster/Contract entrustee/Contrac Type Initial date Due date Pricing basis recognized in the
ee tor reporting period
Notes
Lists of entrust/contractee：
In RMB
Name eof the Name of the Charge
Type Initial date Due date Pricing basis
entruster/Contract entrustee/Contrac recognized in the
132
重庆建设摩托车股份有限公司 2015 年半年度报告全文
ee tor reporting period
Notes:
(3) Information of related lease
The Company was lessor:
In RMB
The lease income confirmed in The lease income confirmed in
Name of lessee Category of leased assets
this year last year
The Company was lessee：
In RMB
The lease income confirmed in
Lessor Category of leased assets Category of leased assets
this year
Notes:
(4) Related-party guarantee
The Company was guarantor
In RMB
Execution accomplished
Secured party Guarantee amount Start date End date
or not
The Company was secured party
In RMB
Execution accomplished
Guarantor Guarantee amount Start date End date
or not
Notes
(5) Inter-bank lending of capital of related parties：
In RMB
Amount borrowed and
Related party Initial date Due date Notes
loaned
Borrowed
Loaned
(6) Related party asset transfer and debt restructuring
In RMB
Related party Content Occurred current term Occurred in previous term
(7) Rewards for the key management personnel
In RMB
133
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Items Occurred current term Occurred in previous term
(8) Other related transactions
6. Receivable and payables due with related parties
（1）Receivables
In RMB
At end of term At beginning of term
Projects Related parties
Book balance Bad debt provision Book balance Bad debt provision
Account receivable Changan Auto 32,557,916.82 37,962,584.68
Account receivable Changan SUZUKI 5,285,362.06
Account receivable Nanjing Changan 95,395.88
Account receivable Hebei Changan 31,562.00 344,647.00
Account receivable Zhuzhou Jianya 1,696,192.89 1,402,763.68
Account receivable Chongqing Jianya 23,000,000.00
（2）Payables
In RMB
Items Related party Closing book value Openting book value
Account payable Jianxing Machinery 4,997,018.89 1,325,956.51
Account payable Pingshan Taikai 8,330,509.62 5,046,449.68
Account payable Chongqing Jianya 82,228,168.10 74,430,714.95
Account payable Tongsheng Jianshe 4,513,546.87 5,649,437.16
Account payable Jianshe Industry 177,463.94 166,329.45
Other account payable Jianshe Industry 258,508.09 1,457,371.38
Other account payable Fuyeda 96,818.38 96,818.38
Other account payable The Construction Company 45,143.99 45,143.99
134
重庆建设摩托车股份有限公司 2015 年半年度报告全文
7. Related party commitment
8. Other
XIII. Stock payment
1. The Stock payment overall situation
□ Applicable √ Not applicable
2. The Stock payment settled by equity
□ Applicable √ Not applicable
3. The Stock payment settled by cash
□ Applicable √ Not applicable
4. Modification and termination of the stock payment
5. Other
XIV. Commitments
1.Significant commitments
Significant commitments at balance sheet date
2. Contingency
(1) Significant contingency at balance sheet date
(2) The Company have no significant contingency to disclose, also should be stated
There was no significant contingency in the Company.
3. Other
XV. Events after balance sheet date
1. Significant events had not adjusted
In RMB
Influence number to the Reason of unable to estimate
Items Content
Financial position and operating influence number
135
重庆建设摩托车股份有限公司 2015 年半年度报告全文
results
2. Profit distribution
3. Sales return
4. Notes of other significant events
XVI. Other significant events
1. The accounting errors correction in previous period
（1）Retrospective restatement
In RMB
Name of the influenced report
Content Processing program Accumulative impact
items during comparison period
（2）Prospective application
Content Processing program Reason of adopting prospective application
2. Debt restructuring
3. Replacement of assets
(1) Non-monetary assets exchange
(2) Other assets replacement
4. Pension plan
5. Discontinuing operation
In RMB
Termination of
the business
Income tax profits
Items Income Expenses Total profit Net profit
expenses attributable to the
parent company
owner
Other notes:
136
重庆建设摩托车股份有限公司 2015 年半年度报告全文
6. Segment information
(1) Recognition basis and accounting policies of reportable segment
(2) The financial information of reportable segment
In RMB
Items Offset during segments Total
(3) There was no reportable segment, or the total amount of assets and liabilities of each part of reportable
segment, shall disclose the reason.
(4) Other notes
7. Other important transactions and events have an impact on investors’ decision-making
8. Other
XVII. Notes of main items in the financial statements of the Company
1. Accounts receivable
(1) Accounts receivable classified by category
In RMB
Closing balance Opening balance
Provision for bad
Category Book balance Book balance Provision for bad debts
debts Book Book
Proportion Proportion balance Proportion Proportion balance
Amount Amount Amount Amount
(%) (%) (%) (%)
Accounts receivable
with provision for
bad debt made on a 4,897,60 1,733,11 3,164,491 28,063, 1,726,458 26,337,349.
100.00% 35.39% 100.00% 6.15%
portfolio with similar 8.64 7.64 .00 808.14 .29 85
risk credit
characteristics basis
4,897,60 1,733,11 3,164,491 28,063, 1,726,458 26,337,349.
Total 100.00% 35.39% 100.00% 6.15%
8.64 7.64 .00 808.14 .29 85
Accounts receivable with insignificant single amount but large risks of groups after grouping by credit risks
characteristics at the end of reporting period.
□ Applicable √ Not applicable
In the groups, accounts receivable adopting aging analysis method to withdraw bad debt provision:
√ Applicable □Not applicable
In RMB
137
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Closing balance
Aging
Account receivable Provision for bad debts Proportion %
Subitem wihin 1 year
6 months 3,164,444.20
Subtotal of within 1 year 3,164,444.20
2-3 years 66.86 20.06 30.00%
Over 3 years 1,733,097.58 1,733,097.58 100.00%
Over 5 years 1,733,097.58 1,733,097.58 100.00%
Total 4,897,608.64 1,733,117.64 35.39%
Notes: In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision:
□ Applicable √ Not applicable
In the groups, accounts receivable adopting other methods to withdraw bad debt provision:
(2) Bad debt provision withdrawal, reversed or recovered in the report period
The amount of bad debt provision was RMB 6,659.35; the amount of reversed or recovered bad debt provision in
the report period was of RMB 0.00.
Significant amount of reversed or recovered bad debt provision
In RMB
Name Amount Method
（3）Particulars of the actual verification of account receivable during the reporting period
In RMB
Items Amount
Of Which : significant actual verification of accounts receivable：
In RMB
Whether occurred
Name Nature Amount Reason Procedure beause of related
party transactions
Notes：
(4) Top 5 of the closing balance of the accounts receivable colleted according to the arrears party
Total accounts receivable due from the top five debtors of the Group in the current period is RMB 3,608,966.27,
accounting for 80.09% of the total accounts receivable as at the end of the current period and the total provision
for bad and doubtful debts made as at the end of the current period is RMB1172，436.00.
138
重庆建设摩托车股份有限公司 2015 年半年度报告全文
(5) Derecogniziton of account receivable due to the transfer of financial assets
(6) The amount of the assets and liabilities formed by the transfer and the continues involvement of accounts
receivable
Other notes:
2. Other account receivable
(1) Other account receivable classified by category
In RMB
Closing balance Opening balance
Provision for bad
Book balance Book balance Provision for bad debts
Category debts Book Book
Proportio Proportio balance Proportio Proportion balance
Amount Amount Amount Amount
n% n% n% %
Other receivables
with provision for
bad debt made on a 264,970, 4,352,11 260,618,2 246,681 4,352,118 242,329,75
100.00% 1.64% 100.00% 1.76%
portfolio with similar 408.68 8.85 89.83 ,877.86 .85 9.01
risk credit
characteristics basis
264,970, 4,352,11 260,618,2 246,681 4,352,118 242,329,75
Total 100.00% 1.64% 100.00% 1.76%
408.68 8.85 89.83 ,877.86 .85 9.01
Other accounts receivable with insignificant single amount but large risks of groups after grouping by credit risks
characteristics at the end of reporting period
□ Applicable √ Not applicable
In the groups, other accounts receivable adopting aging analysis method to withdraw bad debt provision:
√Applicable □ Not applicable
In RMB
Closing balance
Aging
Other account receivable Provision for bad debts Proportion %
Subitem within 1 year
1-6 months 260,476,228.24
Subwithin 1 year 260,476,228.24
1-2 years 9,971.85 997.18 10.00%
Over 3 years 4,484,208.59 4,351,121.67 97.03%
Over 5 years 4,484,208.59 4,351,121.67 97.03%
Total 264,970,408.68 4,352,118.85
139
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Notes:
In the groups, other accounts receivable adopting balance percentage method to withdraw bad debt provision:
□ Applicable √ Not applicable
In the groups, other accounts receivable adopting other methods to withdraw bad debt provision:
□ Applicable √ Not applicable
(2) Bad debt provision withdrawal, reversed or recovered in the report period
The amount of bad debt provision was RMB 0.00, the amount of reversed or recovered bad debt provision in the
report period RMB 0.00.
Significant amount of reversed or recovered bad debt provision
In RMB
Name Amount Method
（3）Particulars of the actual verification of other accounts receivable during the reporting period
In RMB
Items Amount
Of which significant actual verfication of other accounts receivable：
In RMB
Whether occurred
Name Nature Amount Reason Procedure bacause of related
party transactions
Notes ：
（4）Other account receivable classified by account nature
In RMB
Property of account receivable Closing book value Opening book value
Fund transfer and trading between the
254,754,024.11 234,802,410.46
company and its subsidiaries
Petty cash and temporary debits 5,478,363.47 6,715,381.02
Other agency funds temporarily paid 4,738,021.10 5,164,086.38
Total 264,970,408.68 246,681,877.86
（5）The top five other account receivable classified by debtor at period end
In RMB
140
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Closing balance of
Name Nature Closing balance Aging Proportion %
bad debt provision
Sales Co. Subsidiary 212,816,033.76 Within 6 months 81.38%
Petty cash 5,478,363.47 Within 6 monts 2.09%
Shenzhen Jianshe Non-Relaved
3,013,664.00 Over 5 years 1.15% 3,013,664.00
Motorcycle Co., Ltd. relationship
Ningbo
Non-Relaved
Jianshe ,Chongqing 692,035.31 Over 5 years 0.26% 692,035.31
relationship
Office
Ningbo Jianshe Non-Relaved
329,628.73 Over 5 years 0.13% 329,628.73
Motorcycle Co., Ltd. relationship
Total -- 222,329,725.27 -- 85.01% 4,035,328.04
（6）Accounts receivable involved with government subsidies
In RMB
Project of government Estimated received time,
Nameof units Closing balance Closing age
subsidies amount and basis
(7) Other account receivable which terminate the recognition owning to the transfer of the financial assets (8) The
amount of the assets and liabilities formed by the transfer and the continues involvement of other accounts
receivable
Other Notes：
3. Long-term equity investment
In RMB
Closing balance Opening balance
Items Provision for Provision for
Book balance Book value Book balance Book value
impairment impairment
Investments in
147,828,527.88 147,828,527.88 147,828,527.88 147,828,527.88
subsidiaries
Investments in
associates and 663,275,895.48 663,275,895.48 686,053,137.47 686,053,137.47
joint ventures
Total 811,104,423.36 811,104,423.36 833,881,665.35 833,881,665.35
（1） Investments in subsidiaries
In RMB
Investee Opening balance Increase Decrease Closing balance Provision for Balance as at June
141
重庆建设摩托车股份有限公司 2015 年半年度报告全文
impairment in the 30, 2015 of
provision for
period
impairment
Chongqing Jianshe
Motorcycle Sales 225,000.00 225,000.00
Co., Ltd.
Chongqing Jianshe
12,000,000.00 12,000,000.00
Sales Co., Ltd.
Chongqing
Beifang Jianshe
57,443,527.88 57,443,527.88
Import and Export
Trade Co., Ltd.
Shanghai Jianshe
Motorcycle Co., 8,160,000.00 8,160,000.00
Ltd.
Chongqing Jianshe
Automobile A/C 70,000,000.00 70,000,000.00
Co., Ltd.
Total 147,828,527.88 147,828,527.88
（2）Investments in associates and joint ventures
In RMB
Increases/decreases in the current year
Balance as at
profits and
losses on Declaration June 30,
Opening Impairme Closing
Investee investments Other 2015 of
Balance Additional Decrease in Changes in of cash
balance
recognized comprehensi nt Other
investment investment other equity dividends or provision for
under the ve income provision
profits impairment
equity
method
1. Joint ventures
Chongqin
g Jianshe 309,977,7 8,246,633 15,000,00 303,224,3
Yamaha
10.14 .63 0.00 43.77
Motor.,
Ltd.
Zhuzhou
Jianshe
277,971,7 3,509,273 17,500,00 263,980,9
Yamaha
20.74 .14 0.00 93.88
Motor.,
Ltd.
Chongqin
g
81,789,31 952,309.7 2,000,000 80,741,62
Pingshan
7.45 4 .00 7.19
TK
Carburett
142
重庆建设摩托车股份有限公司 2015 年半年度报告全文
or Co.,
Ltd.
669,738,7 12,708,21 34,500,00 647,946,9
Subtotal
48.33 6.51 0.00 64.84
2．Associates
Chongqin
g
Tongshen 404,439.9 -404,439.
g 0.00
7 97
Machiner
y Co.,
Ltd.
Chongqin
g
Nanfang
Motorcyc
le
Technolo 15,909,94 -581,018. 15,328,93
gy 9.17 53 0.64
Research
and
Develop
ment Co.,
Ltd.
16,314,38 -985,458. 15,328,93
Subtotal
9.14 50 0.64
686,053,1 11,722,75 34,500,00 663,275,8
Total
37.47 8.01 0.00 95.48
（3）Other Notes
4. Operation income and operation cost
In RMB
Occurred current term Occurred in previous term
Items
Income Cost Income Cost
Major business turnover 262,365,276.89 275,834,268.53 475,869,829.22 461,637,366.48
Other business income 292,432,167.06 267,857,217.64 352,301,217.41 313,557,635.41
Total 554,797,443.95 543,691,486.17 828,171,046.63 775,195,001.89
Other notes：
5. Investment income
In RMB
Items Occurred current term Occurred in previous term
143
重庆建设摩托车股份有限公司 2015 年半年度报告全文
Long-term equity investment gains on equity
11,722,758.01 17,158,088.15
basis
Total 11,722,758.01 17,158,088.15
6.Other
XVIII. Supplementary Information
1. Details of non-recurring gain/loss of the term
√ Applicable □ Not applicable
In RMB
Items Amount Remarks
Gains and losses included in the current
period of government subsidies, excluding
those government grants which are closely
945,400.00
related to normal business and in line with
national policy , or in accordance with fixed
standards or quantities
Other non-business income and expenditures
-71,541.58
other than the above
Total 873,858.42 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item □ Applicable √Not applicable
2. Net income on asset ratio and earning per share
In RMB
Earnings per share
Profit of the report period Net income on asset, weighted Diluted earnings per
Basic earnings per share
share
Net profit attributable to common
1.32% -0.5937 -0.5937
shareholders of the Company
Net profit attributable to the
common owners of the PLC after
-70,878,148.44% -0.5937 -0.5937
deducting of non-recurring
gains/losses
144
重庆建设摩托车股份有限公司 2015 年半年度报告全文
3. Differences between accounting data under domestic and overseas accounting standards
(1) Differences of net profit and net assets disclosed in financial reports prepared under international and Chinese
accounting standards
□ Applicable √ Notapplicable
(2) Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese
accounting standards
□ Applicable √ Not applicable
(3) Explain reasons for the differences between accounting data under domestic and overseas accounting
standards, for audit data adjusting differences had been foreign audited, should indicate the name of the foreign
institutions
4.Other
145
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X. Documents For Reference
I. The semi-report carrying personal signature and seal of the Chairman of the Board;
II. Financial Statements with signatures of the legal representative, the financial officer, and accounting manager.
III. All of the originals of the Company’s documents and public notices publicized by the presses designated by
China Securities Regulatory Commission in the report period;
Chongqing Jianshe Motorcycle Co., Ltd.
Chairman of the board:Li Huaguang
August 29,2015
146
