Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Chongqing Jianshe Vehicle System Co., Ltd.
The First Quarterly Report 2020
2020-054
April 2020
1
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
1 Important notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
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
Title for absent director Reasons for absent
not attend the meeting in person authorized
Wang Jun Independent director Out of office Li Dingqing
Mr. Lv Hongxian, The Company Leader, Mr.Tan Mingxian, Chief financial officer and the Ms.Niu Yanli, 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 report.
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
II. Basic Information of the Company
I.Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□Yes √No
Changes of this period over
This period Same period of last year
same period of last year（％）
Operation revenue（Yuan） 159,386,309.82 208,419,491.98 -23.53%
Net profit attributable to the shareholders
-24,237,509.94 -15,704,995.56 54.33%
of the listed company（Yuan）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -24,329,373.91 -15,991,228.39 52.14%
listed company（Yuan）
Net Cash flow generated by business
21,163,192.63 29,472,232.97 -28.19%
operation（Yuan）
Basic earning per share(Yuan/Share) -0.2030 -0.1316 54.26%
Diluted gains per
-0.2030 -0.1316 54.26%
share(Yuan/Share)(Yuan/Share)
Net asset earning ratio（%） -15.14% -5.50% -9.64%
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（Yuan） 1,099,678,778.64 1,190,147,356.58 -7.60%
Net assets attributable to shareholders of
147,935,220.67 172,172,730.61 -14.08%
the listed company（Yuan）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to the end
Items Notes
of the report period.)
Non-current asset disposal gain/loss(including the write-off part for which
13,663.97
assets impairment provision is made)
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Government subsidies recognized in current gain and loss(excluding those
closely related to the Company’s business and granted under the state’s 78,200.00
policies)
Total 91,863.97 --
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/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the
Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders with
Total number of common
7,696 the voting power recovered at the 0
shareholders at the period-end
end of the reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
China Military Equipment State-owned legal
71.13% 84,906,250 84,906,250
Group Co., Ltd. person
Domestic natural
Gu Zuocheng 1.89% 2,261,000 2,218,750
person
Domestic
Hengsheng Sun Group Co.,
non-state-owned 1.47% 1,750,000 1,750,000 Freeze 1,750,000
Ltd.
legal person
Domestic natural
Liu Dan 0.91% 1,083,251
person
Domestic
Xu Yuanhui non-state-owned 0.65% 777,889
legal person
Overseas natural
Yu Lingfeng 0.51% 612,921
person
Domestic natural
Chen Xinqiang 0.51% 612,400
person
Domestic
Zhang Meilan non-state-owned 0.43% 513,560
legal person
Domestic natural
Feng Yonghui 0.42% 500,000 500,000
person
Domestic
Li Jianping non-state-owned 0.36% 435,650
legal person
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of the non-restricted Share type
Shareholders’ Names
shares held Share type Quantity
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Foreign shares placed in
Liu Dan 1,083,251 1,083,251
domestic exchange
Foreign shares placed in
Xu Yuanhui 777,889 777,889
domestic exchange
Foreign shares placed in
Yu Lingfeng 612,921 612,921
domestic exchange
Foreign shares placed in
Chen Xinqiang 612,400 612,400
domestic exchange
Foreign shares placed in
Zhang Meilan 513,560 513,560
domestic exchange
Foreign shares placed in
Li Jianping 435,650 435,650
domestic exchange
CORE PACIFIC-YAMAICHI Foreign shares placed in
434,650 434,650
INTERNATIONAL (H.K.) LIMITED domestic exchange
Foreign shares placed in
Chen Houping 423,561 423,561
domestic exchange
Foreign shares placed in
Liu Guosheng 345,575 345,575
domestic exchange
Foreign shares placed in
Lv Gang 343,000 343,000
domestic exchange
There isn’t any associated relationship between the sponsoring shareholder and
the other shareholders among the top-10 list. None of them are regarded as
Explanation on associated relationship among the
‘Acting in concert’ in accordance with ‘The rules of information disclosure on
aforesaid shareholders
change of shareholding.’ Foreign shareholders are unknown for their condition
of ‘Associated relationship’ and ‘Acting in 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.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable √Not applicable
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
III Significant Events
1.Significant Issues I. Major changes of main accounting statement items and financial indicators in the
reporting period, as well as reasons for the changes
√ Applicable □ Not applicable
During the reporting period, affected by the new coronarvirus epidemic, the domestic automobile production
and sales fell sharply. As an auto parts match-supply enterprise, the Company's sales of products fell 22.61% YOY,
resulting in a loss for the Company's first quarter performance.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
Progress in the implementation of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ Applicable √ Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
□ Applicable √Not applicable
No such cases in the reporting period.
IV Securities investments
□ Applicable √ Not applicable
No such cases in the Reporting Period
V.Entrusted Financial Management
□ Applicable √Not applicable
No such cases in the Reporting Period
VI. Investment in derivatives
□ Applicable √Not applicable
No such cases in the Reporting Period
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
VII.Particulars about researches, visits and interviews received in this reporting period
√ Applicable □Not applicable
Way of
Reception time Types of visitors Basic index
reception
Q：Is the Company's first quarter results affected by the new coronarvirus
epidemic? Answer: The new coronarvirus epidemic caused a decline in
domestic automobile production and sales. As an auto parts match-supply
March 20,2020 By phone Individual
enterprise, the new coronarvirus epidemic has a certain impact on the
Company's compressor production and sales in the first quarter, which is
subject to disclosure in the Company's first quarter report.
VIII. Illegal providing of external guarantees
□ Applicable √ Not applicable
No illegal providing of external guarantees in the report period.
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
No such cases in the reporting period.
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Chongqing Jianshe Vehicle System Co., Ltd.
March 31, 2020
In RMB
Items March 31, 2020 December 31, 2019
Current asset：
Monetary fund 97,842,931.30 154,613,734.94
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Notes receivable 58,604,305.96 23,412,900.18
Account receivable 180,891,913.47 231,648,218.97
Financing receivable
Prepayments 8,910,497.59 10,076,917.93
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 5,752,335.99 3,439,028.39
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 138,459,429.34 146,318,458.60
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 2,875,368.07 3,047,932.61
Total of current assets 493,336,781.72 572,557,191.62
Non-current assets：
Loans and payment on other’s behalf
disbursed
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Creditor's Investment
Other Creditor's Investment
Long-term receivable
Long term share equity investment 226,265,252.45 230,649,585.63
Other equity instruments investment
Other non-current financial assets
Property investment 23,936,012.87 71,928,994.28
Fixed assets 312,252,178.09 278,885,442.43
Construction in progress 9,514,417.63 3,858,269.05
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 22,658,918.53 22,823,384.71
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 6,087,000.47 6,060,931.98
Other non-current asset 5,628,216.88 3,383,556.88
Total of non-current assets 606,341,996.92 617,590,164.96
Total of assets 1,099,678,778.64 1,190,147,356.58
Current liabilities
Short-term loans 449,990,000.00 422,280,000.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 228,545,000.00 330,644,075.95
Account payable 223,567,122.96 225,193,165.80
Advance receipts 2,228,822.44 1,117,423.35
Contract liabilities
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Employees’ wage payable 16,922,121.94 14,879,129.15
Tax payable 17,338,173.15 17,773,372.17
Other account payable 13,152,317.48 6,087,459.55
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year
Other current liability
Total of current liability 951,743,557.97 1,017,974,625.97
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to
staff
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities
Total of liability 951,743,557.97 1,017,974,625.97
Owners’ equity
Share capital 119,375,000.00 119,375,000.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 958,575,094.29 958,575,094.29
Less：Shares in stock
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Other comprehensive income
Special reserve
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -1,055,700,873.62 -1,031,463,363.68
Total of owner’s equity belong to the
147,935,220.67 172,172,730.61
parent company
Minority shareholders’ equity
Total of owners’ equity 147,935,220.67 172,172,730.61
Total of liabilities and owners’ equity 1,099,678,778.64 1,190,147,356.58
Legal Representative: Lv Hongxian Person in charge of accounting：Tan Mingxian Accounting Dept Leader: Niu Yanli
2.Parent Company Balance Sheet
In RMB
Items March 31, 2020 December 31, 2019
Current asset：
Monetary fund 1,271,772.98 4,448,232.99
Transactional financial assets
Derivative financial assets
Notes receivable 10,000,000.00 16,320,000.00
Account receivable 1,270,592.91 1,184,945.81
Financing receivable
Prepayments 5,238,954.02 5,428,338.82
Other account receivable 5,264,791.71 2,376,451.69
Including：Interest receivable
Dividend receivable
Inventories 1,759,665.31 1,446,434.47
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 3,047,932.61
Total of current assets 24,805,776.93 34,252,336.39
Non-current assets：
Creditor's right investment
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Other Creditor's right investment
Long-term receivable
Long term share equity investment 386,265,252.46 390,649,585.63
Other equity instruments investment
Other non-current financial assets
Property investment 23,936,012.87 71,928,994.28
Fixed assets 123,019,467.78 77,199,380.23
Construction in progress 166,386.41 166,386.41
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 14,485,072.96 14,589,584.29
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset
Other non-current asset
Total of non-current assets 547,872,192.48 554,533,930.84
Total of assets 572,677,969.41 588,786,267.23
Current liabilities
Short-term loans
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Account payable 182,747,158.56 191,919,884.09
Advance receipts 343,572.38 200,823.38
Contract Liabilities
Employees’ wage payable 13,166,800.04 12,275,806.23
Tax payable 14,195,394.02 15,169,059.96
Other account payable 301,888,328.82 293,722,742.58
Including：Interest payable
Dividend payable
Liabilities held for sales
Non-current liability due within 1 year
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Other current liability
Total of current liability 512,341,253.82 513,288,316.24
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities
Total of liability 512,341,253.82 513,288,316.24
Owners’ equity
Share capital 119,375,000.00 119,375,000.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 958,575,094.29 958,575,094.29
Less：Shares in stock
Other comprehensive income
Special reserve
Surplus reserves 125,686,000.00 125,686,000.00
Retained profit -1,143,299,378.70 -1,128,138,143.30
Total of owners’ equity 60,336,715.59 75,497,950.99
Total of liabilities and owners’ equity 572,677,969.41 588,786,267.23
3.Consolidated Income statement
In RMB
Items Report period Same period of the previous year
I. Income from the key business 159,386,309.82 208,419,491.98
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Including：Business income 159,386,309.82 208,419,491.98
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 179,331,350.56 222,452,818.78
Including：Business cost 145,336,603.62 187,696,471.26
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount of withdrawal of insurance contract reserve
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 2,201,784.04 2,536,742.68
Sales expense 4,133,596.78 4,459,442.04
Administrative expense 17,510,484.48 20,307,711.48
R & D costs 3,114,978.09 3,296,251.21
Financial expenses 7,033,903.55 4,156,200.11
Including：Interest expense 5,151,406.45
Interest income 957,214.94
Add：Other income 78,200.00
Investment gain（“-”for loss） -4,384,333.17 -1,752,567.83
Including: investment gains from affiliates -4,384,333.17 -1,752,567.83
Termination of recognition of gains on financial assets at
-1,752,567.83
amortized cost
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Loss of credit impairment
Impairment losses on assets
Income on disposal of assets 13,663.97
III. Operational profit（“-”for loss） -24,237,509.94 -15,785,894.63
Add ：Non-operational income 286,232.83
Less: Non-operating expense
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
IV. Total profit(“-”for loss) -24,237,509.94 -15,499,661.80
Less：Income tax expenses 205,333.76
V. Net profit -24,237,509.94 -15,704,995.56
(I) Classification by business continuity
1.Net continuing operating profit
2.Termination of operating net profit
(II) Classification by ownership
Net profit attributable to the owners of parent company -24,237,509.94 -15,704,995.56
Minority shareholders’ equity
VI. Net after-tax of other comprehensive income
Net of profit of other comprehensive income attributable to ow
ners of the parent company.
（I）Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit plans of changes in net de
bt or net assets
2.Other comprehensive income under the equity method investe
e can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
instruments
4. Changes in the fair value of the company’s credit risks
5.Other
（II）
Other comprehensive income that will be reclassified into profit
or loss.
1.Other comprehensive income under the equity method investe
e can be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
3. Other comprehensive income arising from the
reclassification of financial assets
4. Allowance for credit impairments in investments in other
debt obligations
5. Reserve for cash flow hedges
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
6. Translation differences in currency financial statements
7.Other
Net of profit of other comprehensive income attributable to Min
ority shareholders’ equity
VII. Total comprehensive income -24,237,509.94 -15,704,995.56
Total comprehensive income attributable to the owner of the
-24,237,509.94 -15,704,995.56
parent company
Total comprehensive income attributable minority
shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.2030 -0.1316
(II)Diluted earnings per share -0.2030 -0.1316
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal Representative: Lv Hongxian Person in charge of accounting：Tan Mingxian Accounting Dept Leader:
Niu Yanli
4. Income statement of the Parent Company
In RMB
Items Report period Same period of the previous year
I. Revenue 114,032,194.70 154,431,343.28
Including：Business cost 109,931,765.56 155,625,182.84
Business tax and surcharge 942,790.56 1,108,561.97
Sales expense 384,759.27 234,066.25
Administrative expense 11,180,548.85 10,887,375.39
R & D costs 366,902.34 299,740.72
Financial expenses 2,015,994.32 1,469,083.00
Including：Interest expenses 1,592,445.56
Interest income 3,933.11
Add: Other income
Investment gain（“-”for loss） -4,384,333.17 -1,752,567.83
Including: investment gains from affiliates -4,384,333.17 -1,752,567.83
Termination of recognition of gains on financial
assets at amortized cost
Net exposure hedging income
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Changing income of fair value
Credit impairment loss
Asset impairment loss
Income on disposal of assets 13,663.97
II. Operational profit（“-”for loss） -15,161,235.40 -16,945,234.72
Add ：Non-operational income 76,681.23
Less：Non -operational expenses
III. Total profit(“-”for loss) -15,161,235.40 -16,868,553.49
Less：Income tax expenses
IV. Net profit -15,161,235.40 -16,868,553.49
1.Net continuing operating profit
2.Termination of operating net profit
V. Net after-tax of other comprehensive income
（I）Other comprehensive income items that will not
be reclassified into gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit plans of change
s in net debt or net assets
2.Other comprehensive income under the equity meth
od investee can not be reclassified into profit or loss.
3. Changes in the fair value of investments in other
equity instruments
4. Changes in the fair value of the company’s credit
risks
5.Other
（II）
Other comprehensive income that will be reclassified
into profit or loss.
1.Other comprehensive income under the equity meth
od investee can be reclassified into profit or loss.
2. Changes in the fair value of investments in other
debt obligations
3. Other comprehensive income arising from the
reclassification of financial assets
4. Allowance for credit impairments in investments in
other debt obligations
5. Reserve for cash flow hedges
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
6.
Translation differences in currency financial statemen
ts
7.Other
VI. Total comprehensive income -15,161,235.40 -16,868,553.49
VII. Earnings per share
（I）Basic earnings per share -0.1270 -0.1413
(II)Diluted earnings per share -0.1270 -0.1413
5. Consolidated Cash flow statement
In RMB
Items Report period Same period of the previous year
I. Cash flows from operating activities
Cash received from sales of goods or rending of
100,524,193.14 88,800,738.74
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
Cash received from interest, commission charge
and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Net cash received by agent in securities trading
Tax returned 658,274.94 5,164,177.22
Other cash received from business operation 1,465,816.94 2,101,284.84
Sub-total of cash inflow 102,648,285.02 96,066,200.80
Cash paid for purchasing of merchandise and services 50,687,714.14 31,521,904.01
Net increase of client trade and advance
Net increase of savings in central bank and brother
company
Cash paid for original contract claim
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Net increase for Outgoing call loan
Cash paid for interest, processing fee and
commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 25,071,964.19 26,906,538.41
Taxes paid 1,008,486.56 2,858,709.62
Other cash paid for business activities 4,716,927.50 5,306,815.79
Sub-total of cash outflow from business activities 81,485,092.39 66,593,967.83
Net cash generated from /used in operating activities 21,163,192.63 29,472,232.97
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains
Net cash retrieved from disposal of fixed assets,
20,447.77
intangible assets, and other 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 investment activities 20,447.77
Cash paid for construction of fixed assets, intangible
648,200.00 2,804,989.02
assets 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 investment activities 648,200.00 2,804,989.02
Net cash flow generated by investment -648,200.00 -2,784,541.25
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from minor
shareholders
Cash received as loans 187,710,000.00 20,000,000.00
Other financing –related cash received 70,351,349.97 226,006,425.05
Sub-total of cash inflow from financing activities 258,061,349.97 246,006,425.05
Cash to repay debts 160,000,000.00 30,950,645.83
Cash paid as dividend, profit, or interests 5,881,093.59 5,107,223.98
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Including: Dividend and profit paid by subsidiaries to
minor shareholders
Other cash paid for financing activities 112,741,868.71 223,192,941.23
Sub-total of cash outflow due to financing activities 278,622,962.30 259,250,811.04
Net cash flow generated by financing -20,561,612.33 -13,244,385.99
IV. Influence of exchange rate alternation on cash and
cash equivalents
V.Net increase of cash and cash equivalents -46,619.70 13,443,305.73
Add: balance of cash and cash equivalents at the
9,312,375.75 72,551,130.34
beginning of term
VI ..Balance of cash and cash equivalents at the end
9,265,756.05 85,994,436.07
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 rending of
21,309,472.84 26,033,156.46
services
Tax returned
Other cash received from business operation 79,963.67 63,963.21
Sub-total of cash inflow 21,389,436.51 26,097,119.67
Cash paid for purchasing of merchandise and services 15,082,651.24 12,755,825.18
Cash paid to staffs or paid for staffs 13,240,422.84 12,994,998.68
Taxes paid 93,956.01 72,338.50
Other cash paid for business activities 447,571.49 454,815.54
Sub-total of cash outflow from business activities 28,864,601.58 26,277,977.90
Net cash generated from /used in operating activities -7,475,165.07 -180,858.23
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains
Net cash retrieved from disposal of fixed assets,
20,447.77
intangible assets, and other long-term assets
Net cash received from disposal of subsidiaries or
other operational units
Other investment-related cash received
21
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Sub-total of cash inflow due to investment activities 20,447.77
Cash paid for construction of fixed assets, intangible
648,200.00 2,799,028.48
assets 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 investment
648,200.00 2,799,028.48
activities
Net cash flow generated by investment -648,200.00 -2,778,580.71
III. Cash flow generated by financing
Cash received as investment
Cash received as loans
Other financing –related ash received 97,710,000.00 82,360,000.00
Sub-total of cash inflow from financing activities 97,710,000.00 82,360,000.00
Cash to repay debts 0.00 0.00
Cash paid as dividend, profit, or interests 423,583.32 3,119,273.98
Other cash paid for financing activities 92,260,000.00 76,792,003.63
Sub-total of cash outflow due to financing activities 92,683,583.32 79,911,277.61
Net cash flow generated by financing 5,026,416.68 2,448,722.39
IV. Influence of exchange rate alternation on cash and
cash equivalents
V.Net increase of cash and cash equivalents -3,096,948.39 -510,716.55
Add: balance of cash and cash equivalents at the
4,368,716.37 66,377,117.54
beginning of term
VI ..Balance of cash and cash equivalents at the end
1,271,767.98 65,866,400.99
of term
II Adjustments to the Financial Statements
1. Adjustment of the relevant items of the financial statements at the current year beginning according to the new
standards for financial instruments, the new standards for revenues and the new standards for lease implemented
commencing from year 2020
√ Applicable □ Not applicable
22
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Consolidated balance sheet
In RMB
Items December 31, 2019 January 1, 2020 Adjustment
Current asset：
Monetary fund 154,613,734.94 154,613,734.94
Notes receivable 23,412,900.18 23,412,900.18
Account receivable 231,648,218.97 231,648,218.97
Prepayments 10,076,917.93 10,076,917.93
Other account receivable 3,439,028.39 3,439,028.39
Inventories 146,318,458.60 146,318,458.60
Other current assets 3,047,932.61 3,047,932.61
Total of current assets 572,557,191.62 572,557,191.62
Non-current assets：
Long term share equity investment 230,649,585.63 230,649,585.63
Property investment 71,928,994.28 71,928,994.28
Fixed assets 278,885,442.43 278,885,442.43
Construction in process 3,858,269.05 3,858,269.05
Intangible assets 22,823,384.71 22,823,384.71
Deferred tax assets 6,060,931.98 6,060,931.98
Other non-current asset 3,383,556.88 3,383,556.88
Total of non-current assets 617,590,164.96 617,590,164.96
Total of assets 1,190,147,356.58 1,190,147,356.58
Current liabilities
Short-term loans 422,280,000.00 422,280,000.00
Notes payable 330,644,075.95 330,644,075.95
Account payable 225,193,165.80 225,193,165.80
Advance payment 1,117,423.35 1,117,423.35
Employees’ wage payable 14,879,129.15 14,879,129.15
Tax payable 17,773,372.17 17,773,372.17
Other account payable 6,087,459.55 6,087,459.55
Total of current liability 1,017,974,625.97 1,017,974,625.97
Non-current liabilities：
Total of liability 1,017,974,625.97 1,017,974,625.97
Owners’ equity
23
Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Share capital 119,375,000.00 119,375,000.00
Capital reserves 958,575,094.29 958,575,094.29
Surplus reserves 125,686,000.00 125,686,000.00
Retained profit -1,031,463,363.68 -1,031,463,363.68
Total of owner’s equity belong to the
172,172,730.61 172,172,730.61
parent company
Total of owners’ equity 172,172,730.61 172,172,730.61
Total of liabilities and owners’ equity 1,190,147,356.58 1,190,147,356.58
Adjustment statement
Parent Company Balance Sheet
In RMB
Items December 31, 2019 January 1, 2020 Adjustment
Current asset：
Monetary fund 4,448,232.99 4,448,232.99
Notes receivable 16,320,000.00 16,320,000.00
Account receivable 1,184,945.81 1,184,945.81
Prepayments 5,428,338.82 5,428,338.82
Other account receivable 2,376,451.69 2,376,451.69
inventories 1,446,434.47 1,446,434.47
Other current assets 3,047,932.61 3,047,932.61
Total of current assets 34,252,336.39 34,252,336.39
Non-current assets：
Long term share equity investment 390,649,585.63 390,649,585.63
Property investment 71,928,994.28 71,928,994.28
Fixed assets 77,199,380.23 77,199,380.23
Construction in process 166,386.41 166,386.41
Intangible assets 14,589,584.29 14,589,584.29
Total of non-current assets 554,533,930.84 554,533,930.84
Total of assets 588,786,267.23 588,786,267.23
Current liabilities
Account payable 191,919,884.09 191,919,884.09
Advance payment 200,823.38 200,823.38
Employees’ wage payable 12,275,806.23 12,275,806.23
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2020
Tax payable 15,169,059.96 15,169,059.96
Other account payable 293,722,742.58 293,722,742.58
Total of current liability 513,288,316.24 513,288,316.24
Non-current liabilities：
Total of liability 513,288,316.24 513,288,316.24
Owners’ equity
Share capital 119,375,000.00 119,375,000.00
Capital reserves 958,575,094.29 958,575,094.29
Surplus reserves 125,686,000.00 125,686,000.00
Retained profit -1,128,138,143.30 -1,128,138,143.30
Total of owners’ equity 75,497,950.99 75,497,950.99
Total of liabilities and owners’ equity 588,786,267.23 588,786,267.23
Adjustment statement
2. Note to the retroactive adjustment of the previous comparative data according to the new standards for financial
instruments and the new standards for lease implemented commencing from year 2020
√Applicable □Not applicable
In 2020, the company implements the new income standard, and the income method is the same as before.
III. Auditors’ Report
Is the Third Quarterly Report be audited?
□ Yes √No
The First Quarterly report is not audited.
Chongqing Jianshe Vehicle System Co., Ltd.
Chairman of the Board: Lv Hongxian
April 24,2020
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