Chongqing Jianshe Motorcycle Co., Ltd. Summary of the Annual Report 2016
Stock code: 200054 Stock Abbreviation: Jianmo B Announcement No.: 2017-013
Chongqing Jianshe Motorcycle Co., Ltd.
Summary of the Annual Report 2016
1。 Important notes
The summary is abstract from full-text of summary of the semi-annual report, for more details information ,
investors should found in the full-text of annual report that published on website of Shenzhen Stock Exchange and
other website appointed by CSRC.
Company Profile
Objection statement of directors, supervisors and senior executives
Name Position Content and reason
Statement
Other directors attending the Meeting for annual report deliberation except for the followed:
The name of director who did The name of director who was
Positions Reason
not attend the meeting in person authorized
Non-standard auditor’s opinion
□ Applicable √ Not applicable
Plans for profit distribution on ordinary shares or conversion of capital reserves into share capital proposed to the
Board during the reporting period.
□ Applicable √ Not applicable
The Company will not distribute ash dividend or bonus shares, neither capitalizing of common reserves for the
report period.
Plans for profit distribution on preference shares for the reporting period approved by the Board
□ Applicable √ Not applicable
II. Basic information about the company
1. Company profile
Stock abbreviation Jianmo B Stock code 200054
Stock exchange for listing Shenzhen Stock Exchange
Contact person and contact manner Board secretary Securities affairs Representative
Name Xue Gangyi Liu Hongyu
No.1 Jianshe Road, Huaxi Industrial Zone, No.1 Jianshe Road, Huaxi Industrial Zone,
Office address
Ba’nan District , Chongqing Ba’nan District , Chongqing
Fax 023-66295333 023-66295333
Tel 023-66295333 023-66295333
E-mail cqjsmc@jianshe.com.cn cqjsmc@jianshe.com.cn
2. Brief introduction to the main business or products in the reporting period
At the end of 2015, the company completed the major asset restructuring of stripping motorcycle business,
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Chongqing Jianshe Motorcycle Co., Ltd. Summary of the Annual Report 2016
thus realized a major adjustment of industrial structure, so the company has become the auto parts manufacturing
enterprise and mainly engaged in automotive air-conditioning compressor production and sales. The products
include rotary vane iron type and aluminum type compressor, piston swashplate fixed displacement compressor,
piston swashplate variable displacement compressor and electric compressor, covering 32cc to 480cc
displacement. The main products won the "China famous brand", "High quality products of French science and
technology quality supervision and evaluation committee ", “China enters WTO Recommended Products” and so
on. The strategic customers of the products are the manufacturing enterprises with vehicle production and sales in
the top list, and the strategic customers include Chang’an Automobile, Peugeot, Dongfeng Nissan, Chang’an
Suzuki and Great Wall Automobile, and the sales ranks in top three in the industry.
3.Major accounting data and financial indicators
（1）Major accounting data and financial indicators for the last three years
Retrospective adjustment to or restatement of the accounting data for prior years by the Company due to change
of accounting policies and correction of accounting errors
□ Yes √ No
In RMB
Changed over last year
2016 2015 2014
（％）
Operating Gross income（RMB） 873,286,486.75 1,341,331,910.93 -34.89% 1,763,619,804.97
Net profit attributable to the
shareholders of the listed company 12,267,006.14 240,735,112.20 -94.90% -133,593,949.98
（RMB）
Net profit after deducting of
non-recurring gain/loss attributable
12,908,428.98 -255,602,553.80 -105.06% -153,898,341.02
to the shareholders of listed
company（RMB）
Cash flow generated by business
108,619,119.02 82,306,010.61 31.97% 94,598,651.91
operation, net（RMB）
Basic earning per
0.103 2.017 -94.89% -1.119
share(RMB/Share)
Diluted gains per
0.103 2.017 -94.89% -1.119
share(RMB/Share)(RMB/Share)
Net asset earning ratio（%） 4.68% 175.35% -170.67% -158.82%
End of Changed over last year
End of 2016 End of 2014
2015 （％）
Gross assets（RMB） 1,559,334,881.03 1,550,615,831.44 0.56% 2,389,211,010.43
Net assets attributable to
shareholders of the listed company 268,383,091.65 256,116,085.51 4.79% 17,321,196.61
（RMB）
（2）Main Financial Index by Quarters
In RMB
First quarter Second quarter Third quarter Fourth quarter
Operating income 208,588,488.00 259,588,803.88 222,817,415.03 182,291,779.84
Net profit attributable to the
4,399,465.72 4,103,379.70 4,314,063.61 -549,902.89
shareholders of the listed company
Net profit after deducting of
non-recurring gain/loss attributable
4,348,808.65 4,012,998.17 5,164,583.47 -617,961.31
to the shareholders of listed
company
Net Cash flow generated by
24,195,604.08 37,744,133.71 34,576,909.96 12,102,471.27
business operation
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Chongqing Jianshe Motorcycle Co., Ltd. Summary of the Annual Report 2016
Whether significant variances exist between the above financial index or the index with its sum and the financial
index of the quarterly report as well as semi-annual report index disclosed by the Company.
□ Yes √No
4.Share capital and shareholders
（1）Number of holders of ordinary shares and preference shares with restored voting right and Top 10
shareholders
In shares
Total number Total Total
of common The total number
shareholders at preferred sharehold
shareholders at of preferred shar
the end of the ers at the end of the
the end of the 8,350 8,371 eholders voting ri 0 0
month from the month from the date
ghts restored at p
reporting date of disclosing of disclosing the
eriod-end
period the annual report annual report
Shareholdings of Top 10 shareholders
Number of Number or share
Shareholders Nature of Proportion of shares held pledged/frozen
shareholder shares held（%） at period Amount of restricted shares held
-end State of share Amount
Chongqing
Jianshe
State-owned
Mechanical and 71.13% 84,906,250 84,906,250
legal person
Electric Co.,
Ltd.
Domestic
Gu Zuocheng natural 1.89% 2,261,000 2,218,750
person
Anhui
Domestic
Hengsheng
non-state-ow
Economic 1.47% 1,750,000 1,750,000
ned legal
Development
person
Group Co., Ltd.
Domestic
Liu Dan natural 0.88% 1,054,001 0
person
GUOTAI
JUNAN
Overseas
SECURITIES( 0.60% 716,920 0
legal person
HONGKONG)
LIMITED
Domestic
Yu Lingfeng natural 0.52% 623,621 0
person
Domestic
Chen Xinqiang natural 0.51% 612,400 0
person
Domestic
Xu Yuanhui natural 0.51% 610,789 0
person
Domestic
Zhang Meilan natural 0.43% 513,560 0
person
Domestic
Feng Yonghui natural 0.42% 500,000 500,000
person
There isn’t any associated relationship between the sponsoring shareholder and the other
Explanation on associated
shareholders among the top-10 list. None of them are regarded as ‘Acting in concert’ in accordance
relationship among the
with ‘The rules of information disclosure on change of shareholding.’ Foreign shareholders are
aforesaid shareholders
unknown for their condition of ‘Associated relationship’ and ‘Acting in concert’.
(2)Total preference shareholders and the shares held by the Top 10 Preference shareholders
□ Applicable √ Not applicable
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Chongqing Jianshe Motorcycle Co., Ltd. Summary of the Annual Report 2016
Nil
(3)Block diagram of the ownership and control relations between the Company and the actual controller
5. Corporation bonds
Whether the company has corporate bonds that have been publicly issued and listed on the stock exchange, and
not yet due or due butnot folly cashed on the approval date of annual report
No
1.Basic information of corporate bonds
Bond name Bond short name Bond code Due day Bond balance ‘0000 Interest rate
2. Bond trustee and the credit rating agency information
3.The key accounting data and financial indicators of the latest two years to the end of the reporting period
In RMB’0000
Items 2016 2015 At the same time rate of change
III. Discussion and Analysis of the Management
1. Business Operation summary in the reporting period
Whether the company needs to comply with the disclosure requirements of the particular industry
No
The year of 2016 is a year for the company’s independent operation that features the main business of
automotive air conditioning compressor. The total production of vehicle air conditioning compressor in the year
was 2.369 million units, a year-on-year growth of 31.3%; the total sales was 2.157 million units, a year-on-year
growth of 16.1%; and the sales ranks in top three in the industry. The main work carried out in the year was as
follows:
Implementation of the reorganization of assets: the implementation of the spirit of the resolution of the board
of directors, the successful implementation of the reorganization of assets, completed the restructuring of the
organization after the reorganization, staffing, business process reconstruction, asset and liability transfer, internal
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Chongqing Jianshe Motorcycle Co., Ltd. Summary of the Annual Report 2016
control system reconstruction work, in January 2017 the company received independent financial adviser Issued
by the reorganization of the completion of the report, marking the successful completion of the reorganization of
the work.
The aspect of adjustment of market structure: firstly, strengthened the management and development of
large customers. To the year, the company realized the sales to GEELY. The company has become the supplier to
the top three brands (Chang’an, Great Wall, Geely) of Chinese independent automobile brand; through increasing
the proportion of high-quality customers, the sales to top ten strategic customers reached 93%, thus the company
preliminarily shaped a reasonable echelon customer structure. Secondly, the company actively explored the new
energy market. It has set up the new energy division and initially started the professional operation (including
large displacement compressor).
The aspect of R & D capability enhancement: firstly, it has set up the technology center of Chongqing
municipal level, and established the rotary vane technology platform and the piston technology platform and
formed the three series products of iron, aluminum and electric-driven. Secondly, the experimental capability was
further enhanced. The construction project for test ability was fully completed and the semi anechoic chamber was
put into use, which has obtained low temperature capability recognition by CNAS (China National Accreditation
Committee for Conformity Assessment). Thirdly, the project development capabilities for customers and the basic
research level were further enhanced.
The aspect of manufacturing capacity: firstly, the capacity-expansion work for 0.5 million units was
completed, thus formed the annual production capacity of 2.3 million units; secondly, the company promoted the
just-in-time system, so the production efficiency has been continuously improved; thirdly, the company
continuously optimized the quality management system, introduced STA (supplier technical support system) in
the front end of industrial chain and established professional after-sales department for the customers, thus
realized the whole process management of quality.
2. Material change in principal activities during the reporting period
□ Yes √No
3. Products accounting for over 10% of revenue or profit from principal activities of the Company
√ Applicable □Not applicable
In RMB
Increase Increase
Increase /decrease
Gross profit /decrease of /decrease of
Name Operating income Operating cost of Gross profit
ratio% operating income operating cost
ratio（％）
（％） （％）
Motorcycle
8,335,299.07 3,498,285.24 -5.58% -98.41% 101.36% 4.28%
and part
Vehicle air
845,417,715.99 12,516,222.14 17.78% 12.58% 149.18% -3.12%
conditioner
4. Seasonal or cyclical operations requiring special attention
□ Yes √No
5. Material difference of revenue, operating costs or net profit attributable to holders of ordinary shares of
the Company for the reporting period from the last reporting period
√ Applicable □Not applicable
The end of 2015, the company completed the divestiture of the motorcycle business major asset
restructuring, to achieve a major industrial restructuring, mainly engaged in automotive air conditioning
compressor production and sales. For this period the relevant indicators than the previous period there is a big
change.
6. Suspension in trading or delisting
□ Applicable √ Not applicable
7. Events relating to the financial report
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Chongqing Jianshe Motorcycle Co., Ltd. Summary of the Annual Report 2016
(1) Reason for changes in accounting policies, accounting estimates and accounting methods as compared
to the financial report for the prior year
√ Applicable □Not applicable
1. Changes in significant accounting policy
Implementation of VAT Accounting Treatment
On December 3, 2016, Ministry of Finance issued the "VAT Accounting Treatment" (No. 22-[2016] Accounting),
which is applicable to the relevant transactions occurred from May 1, 2016. The main impact of the company’s
implementation of the provision is as follows:
The contents and reasons of accounting policy changes Approval procedure Affected item name and amount in
the report
(1) The “Business taxes and surcharges” in the profit National uniform Taxes and surcharges
statement is adjusted to be “Taxes and surcharges” item. accounting system
changes
2) The property tax, land use tax, vehicle and vessel National uniform Adjustment of increasing RMB
usage tax and tamp tax incurred from the business accounting system 2,217,753.53 in taxes and
activities since May 1, 2016 are reclassified into “Taxes changes surcharges, while reducing RMB
and surcharges” item from the previous “management 2,217,753.53 for the year’s
fees" item, but such taxes occurred before May 1, 2016 management fees.
will not be adjusted. And The comparative data will not
be adjusted.
2. Changes in significant accounting estimates
There are no changes in significant accounting estimates for the company in the current year.
(2) Reason for retrospective restatement to correct major accounting errors during the reporting period
□ Applicable √ Not applicable
Nil
(3) Reason for changes in scope of the consolidated financial statements as compared to the financial report
for the prior year
□ Applicable √ Not applicable
Nil
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