Summary of 2020 Annual Report of Chongqing Jianshe Vehicle System Co., Ltd
Stock code: 200054 Stock Abbreviation: Jianshe Vehicle B Announcement No.: 2021-016
Summary of 2020 Annual Report of Chongqing Jianshe Vehicle System Co., Ltd
1. Important notes
The summary is abstract from full-text of 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.
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
Yu Jiang Director Business trip Zhou Yongqiang
Zhang Di Director Business trip Dong Qihong
Non-standard auditor’s opinion
□ Applicable √Not applicable
Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the share
capital for the reporting period, which has been reviewed and approved at the board meeting
□ Applicable √Not applicable
The Company will not distribute cash 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.Company Information
1.Company Profile
Stock ID Jianshe Vehicle B Stock Code 200054
Stock Exchange Listed Shenzhen Stock Exchange
Contact person and contact manner Board secretary Securities affairs Representative
Name Zhang Hushan Li Wenling
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
2. Brief introduction to the main business or products in the reporting period
The company engages mainly in production and sales of the vehicle air compressor including the vane iron
and aluminous compressor, piston swash-plate fixed discharge rate compressor, piston swash-plate variable
discharge rate compressor and motor compressor (with the discharge rate from 18cc to 480cc), has been awarded
“China Famous Brand”, “High-quality Product of French Technological Quality Surveillance Evaluation
Commission” and “China Recommended Product for Entry into WTO”, etc. for products and has the strategical
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Summary of 2020 Annual Report of Chongqing Jianshe Vehicle System Co., Ltd
cooperative partners including the leading production and sales volume in terms of finished automobile such as
PEUGEOT , Great Wall Motors ,Chanan Auto, Geely Auto and Dongfeng Nissan , etc.
3. Accounting and financial highlights
1.Accounting and financial highlights for the past three years
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□Yes √No
In RMB
Changed over last year
2020 2019 2018
（％）
Operating revenue（Yuan） 740,851,845.25 791,487,434.18 -6.40% 971,804,000.23
Net profit attributable to the
shareholders of the listed company 1,415,942.45 -121,128,719.93 -101.17% 10,543,247.05
（Yuan）
Net profit after deducting of
non-recurring gain/loss attributable
-44,041,022.22 -119,395,985.23 -63.11% 9,074,662.19
to the shareholders of listed
company（Yuan）
Net Cash flow generated by
165,013,126.67 13,414,357.42 1,130.12% 162,824,513.55
business operation（Yuan）
Basic earning per
0.012 -1.0147 -101.18% 0.088
share(Yuan/Share)
Diluted gains per
0.012 -1.0147 -101.18% 0.088
share(Yuan/Share)
Net asset earning ratio（%） 0.82% -52.05% -101.58% 3.66%
End of Changed over last year
End of 2020 End of 2018
2019 （％）
Gross assets（Yuan） 1,186,697,453.77 1,190,147,356.58 -0.29% 1,461,770,573.54
Net assets attributable to
shareholders of the listed company 173,588,673.06 172,172,730.61 0.82% 293,301,450.54
（Yuan）
2.Main Financial Index by Quarters
In RMB
First quarter Second quarter Third quarter Fourth quarter
Operating revenue 159,386,309.82 175,203,952.03 202,858,501.83 203,403,081.57
Net profit attributable to the
-24,237,509.94 -10,457,910.38 40,472,240.13 -4,360,877.36
shareholders of the listed company
Net profit after deducting of
non-recurring gain/loss attributable
-24,329,373.91 -10,168,757.58 -2,059,817.75 -7,483,072.98
to the shareholders of listed
company
Net Cash flow generated by
21,163,192.63 51,958,701.35 47,434,377.12 44,456,855.57
business operation
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
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Summary of 2020 Annual Report of Chongqing Jianshe Vehicle System Co., Ltd
4. Share capital and shareholders
1. Numbers of the common shareholders and the preference shareholders with resumed voting rights as well as the
shareholdings of the top 10 shareholders
In shares
Total The total
number of number o
Total
common Total shareholders at f preferre
preferred sharehold
shareholder the end of the month d shareho
ers at the end of the
s at the end 7,441 from the date of 7,393 lders voti 0 0
month from the date
of the disclosing the annual ng rights r
of disclosing the
report estored at
reporting annual report
period-en
period
d
Shareholdings of top 10 shareholders
Number of Number of share
Amount of pledged/frozen
Nature of Proportion of shares held
Shareholders restricted shares
shareholder shares held(%) at period State of Amoun
held
-end share t
China Military Equipment Group Co., State-owned legal
71.13% 84,906,250 84,906,250
Ltd. person
Domestic natural
Gu Zuocheng 1.89% 2,261,000 2,218,750
person
Domestic
Anhui Hengsheng Investment
non-state-owned 1.47% 1,750,000 1,750,000
Development Co., Ltd.
legal person
Domestic natural
Liu Dan 0.77% 918,251 0
person
Domestic natural
Xu Yuanhui 0.65% 777,889 0
person
Domestic natural
Chen Xinqiang 0.51% 612,400 0
person
CORE PACIFIC-YAMAICHI Overseas legal
0.44% 531,150 0
INTERNATIONAL (H.K.) LIMITED person
Domestic natural
Zhang Meilan 0.43% 513,560 0
person
Domestic natural
Feng Yonghui 0.42% 500,000 500,000
person
Domestic natural
Li Jianping 0.36% 434,500 0
person
There isn’t any associated relationship between the sponsoring
shareholder and the other shareholders among the top-10 list. None
Explanation on associated relationship among the aforesaid of them are regarded as ‘Acting in concert’ in accordance with ‘The
shareholders rules of information disclosure on change of shareholding.’ Foreign
shareholders are unknown for their condition of ‘Associated
relationship’ and ‘Acting in concert’.
Explanation on shareholders participating in the margin
Not applicable
trading business(if any )
(2)Total preference shareholders and the shares held by the Top 10 Preference shareholders
□ Applicable √ Not applicable
No such cases in the reporting period.
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Summary of 2020 Annual Report of Chongqing Jianshe Vehicle System Co., Ltd
(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 but not folly cashed on the approval date of annual report
No
III. Discussion and Analysis of the Management
1. Business Operation summary in the reporting period
The Company's 2020 budget target is sales of 2 million units of automotive air-conditioning compressors and
is to realize sales revenue of 770 million yuan. Affected by the new coronavirus epidemic, the Company actually
sold 1.861 million auto air-conditioning compressors in 2020, a YOY decrease of 7.24%; realized revenue of 740
million yuan; the product gross profit margin was 13.21%, an increase of 3.60 percentage points from the previous
year. It realized the operating profit of -37.59 million yuan, a decreased loss by 83.58 million yuan compared with
the same period last year. Due to the acquisition of Pingshan Taikai's equity in the year, it realized the
non-operating income of 40.98 million yuan, and the Company realized a profit of 1,416,000 yuan.
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（％）
（％） （％）
Auto and
Motorcycle 731,571,361.31 -37,589,859.82 13.21% -6.35% 268.98% 3.60%
parts
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
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Summary of 2020 Annual Report of Chongqing Jianshe Vehicle System Co., Ltd
the Company for the reporting period from the last reporting period
√ Applicable □Not applicable
The total profit for the year was 1,915,000 yuan, a decreased loss of 122.81 million yuan from the previous
year, which was mainly because the gross profit margin increased by 3.60 percentage points YOY, the operating
profit decreased by 83.58 million yuan compared with the same period of the previous year, and the income
realized by the acquisition of Pingshan Taikai's equity was 40.98 million yuan-which was included in the
Company's current non-operating income (non-recurring income items) , resulted in an increase in the Company's
total profit for the current period.
6. Suspension in trading or delisting
□ Applicable √ Not applicable
7. Events relating to the financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method
compared with the financial report of last year
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(2) Reason for retrospective restatement to correct major accounting errors during the reporting period
□ Applicable √ Not applicable
No such cases in the Reporting Period.
(3) Reason for changes in scope of the consolidated financial statements as compared to the financial report for
the prior year
√ Applicable □Not applicable
In the year, after the Company acquired 50% equity of the Pingshan Taikai, the Company holds 100% of Pingshan
Taikai equity, and Pingshan Taikai is included into the consolidated statement.
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