Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Semi-Annual Report 2018 Stock code: 200054 Stock Abbreviation: Jianshe Vehicle B Announcement No.: 2018-042 Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Semi-Annual Report 2018 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. Objection statement of directors, supervisors and senior executives: Name Position Content and reason Statement Except the following directors, all the directors attended the board meeting for reviewing the semi-report. The name of the directors absent Positions Reasons for the absence Name of the consignee Ye Yuxin Independent Director Business trip Lv Hongxian 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 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 Jianshe Vehicle B Stock code 200054 Stock exchange for listing Shenzhen Stock Exchange Contact person and contact Board secretary Securities affairs Representative manner Name Zhang Hushan 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 Tel 023-66295333 023-66295333 E-mail cqjsmc@jianshe.com.cn cqjsmc@jianshe.com.cn 2. Major accounting data and financial indicators Does the Company adjust retrospectively or restate the accounting data of previous years due to changes in the accounting policy or corrections of accounting errors? □Yes √ No Reporting period Same period of last year YOY+/-(%) 1 Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Semi-Annual Report 2018 Operating income(Yuan) 511,696,731.41 550,074,257.84 -6.98% Net profit attributable to the shareholders 66,076,528.48 11,418,319.36 478.69% of the listed company(Yuan) Net profit after deducting of non-recurring gain/loss attributable to the shareholders of 65,795,940.72 11,141,929.71 490.53% listed company(Yuan) Cash flow generated by business operation, 28,486,030.25 63,135,091.91 -54.88% net(Yuan) Basic earning per share(Yuan/Share) 0.5535 0.0957 478.37% Diluted gains per share(Yuan/Share) 0.5535 0.0957 478.37% Weighted average ROE(%) 21.04% 4.17% 16.87% As at the end of the As at the end of last year YOY+/-(%) reporting period Gross assets (Yuan) 1,426,739,166.59 1,302,238,427.15 9.56% Net assets attributable to shareholders of 348,834,731.97 282,758,203.49 23.37% the listed Company(Yuan) 3.Shareholders and shareholding In Shares Number of shareholders of Total Number of common preferred stocks of which shareholders at the end of the 8,100 0 voting rights recovered in the reporting period report period(If any) Shareholdings of Top 10 shareholders Amount of Number or share Shareholders Proportion of Number of pledged/frozen Nature of shares held shares held at restricted shares shareholder State of (%) period -end Amount held share Chongqing Jianshe Mechanical and State-owned legal 71.13% 84,906,250 84,906,250 Freeze 7,185,000 Electric Co., Ltd. person Domestic natural Gu Zuocheng 1.89% 2,261,000 2,218,750 person Domestic Anhui Hengsheng Economic non-state-owned 1.47% 1,750,000 1,750,000 Development Group Co., Ltd. legal person Domestic natural Liu Dan 0.86% 1,032,201 0 person Domestic natural Xu Yuanhui 0.55% 651,989 0 person Domestic natural Yu Lingfeng 0.51% 612,921 0 person Domestic natural Chen Xinqiang 0.51% 612,400 0 person Domestic natural Zhang Meilan 0.43% 513,560 0 person Domestic natural Feng Yonghui 0.42% 500,000 500,000 person CORE PACIFIC-YAMAICHI Overseas legal INTERNATIONAL (H.K.) 0.36% 424,550 0 person LIMITED There isn’t any associated relationship between the sponsoring shareholder Explanation on associated relationship among the and the other shareholders among the top-10 list. None of them are aforesaid shareholders regarded as ‘Acting in concert’ in accordance with ‘The rules of information disclosure on change of shareholding.’ Foreign shareholders 2 Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Semi-Annual Report 2018 are unknown for their condition of ‘Associated relationship’ and ‘Acting in concert’. 4.Changing of controlling shareholder and practical controller of the Company. Change of holding shareholder □ Applicable √ Not applicable No change of holding shareholder in the report period. Change of substantial controller □ Applicable √ Not applicable No change of substantial controller in the report period. 5.Number of preference shareholders and shareholdings of top 10 of them □ Applicable √ Not applicable No preference shareholders in the reporting period 6.Corporate bonds Are there any corporate bonds publicly offered and listed on the stock exchange, which were undue before the approval date of this report or were due but could not be redeemed in full? No III. Performance discussion & analysis 1.Performance Review for Reporting period Is the company subject to any disclosure requirements for special industries? No In the first half of 2018, the company has vigorously expanded the existing compressor business according to the business objectives that we set at the beginning of the year in a bid to accelerate the development of Hanon, and speed up the transformation, achieving remarkable results in key areas of work. In 2018, the company aims to sell 2.4 million sets of automotive air-conditioning compressors with revenue of 920 million yuan. In the first half of the year, the company has actually sold 1.23 million sets, accounting for 51% of the sale plan at the beginning of the year. Among it, domestic sales is 890,000 units, dropping 5.76% over the same period of the previous year; foreign sales is 340,000 units, an increase of 7.33% over the same period of the previous year. In the first half of 2018, revenue for the main business is 470 million yuan. As 51% of equity interest of the subsidiary Shanghai Jianshe is transferred, investment profit is increased. Thus, the profit of current period is 66.08 million yuan, an increase of 479% over the same period of the previous year. 2.Maters related to financial report (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 No such cases. (2) Reason for retrospective restatement to correct major accounting errors during the reporting period □ Applicable √ Not applicable 3 Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Semi-Annual Report 2018 No such cases. (3) Reason for changes in scope of the consolidated financial statements as compared to the financial report for the prior year √Applicable □ Not applicable After the company sells 51% of equity interest in Shanghai Construction, the company no longer holds the equity interest in Shanghai Jianshe. According to the provisions of “Accounting Standards for Business Enterprises No. 2 – Long-term Equity Investments”, Shanghai Jianshe will no longer be included in the scope of the company’s consolidated statements after the sale. Chongqing Jianshe Vehicle System Co., Ltd. Board chairman: Lv Hongxian July 26,2018 4