Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
Chongqing Jianshe Vehicle System Co., Ltd.
The First Quarter Report 2021
2021-037
April 2021
1
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
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
Quarter Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarter 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
Yu Jiang Director Business trip Zhou Yongqiang
Zhang Di Director Business trip Dong Qihong
All of the directors presented the board meeting at which this Quarter Report was examined.
Mr. Yan Xuechuan, 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.
2
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
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
（％）
Operating revenue（Yuan） 257,353,451.32 159,386,309.82 61.47%
Net profit attributable to the shareholders
-1,968,206.42 -24,237,509.94 -92.79%
of the listed company（Yuan）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -3,607,227.00 -24,329,373.91 -86.08%
listed company（Yuan）
Net Cash flow generated by business
16,816,561.33 21,163,192.63 -20.54%
operation（Yuan）
Basic earning per share(Yuan/Share) -0.0165 -0.2030 -92.81%
Diluted gains per share(Yuan/Share) -0.0165 -0.2030 -92.81%
Net asset earning ratio（%） -1.14% -15.14% 14.00%
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（Yuan） 1,128,941,145.43 1,186,697,453.77 -4.87%
Net assets attributable to shareholders of
171,620,466.64 173,588,673.06 -1.13%
the listed company（Yuan）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to
Items Notes
the end of the report period.)
Non-current asset disposal gain/loss(including the write-off part
1,436,084.79
for which assets impairment provision is made)
Government subsidies recognized in current gain and
201,166.85
loss(excluding those closely related to the Company’s business
3
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
and granted under the state’s policies)
Other non-business income and expenditures other than the above 1,768.94
Total 1,639,020.58 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies 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 recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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
7,393 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
Properties of Share tradable shares freezing
Shareholder name Quantity
shareholder proportion % with Conditional Status of Quantit
held the shares y
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
Xu Yuanhui 0.75% 900,789 0
person
Domestic natural
Liu Dan 0.74% 880,476 0
person
Domestic natural
Chen Xinqiang 0.51% 612,400 0
person
CORE PACIFIC-YAMAICHI Overseas Legal
0.45% 534,650 0
INTERNATIONAL (H.K.) LIMITED person
Domestic natural
Zhang Meilan 0.43% 513,560 0
person
4
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
Domestic natural
Feng Yonghui 0.42% 500,000 500,000
person
Domestic natural
Li Jianping 0.37% 436,300 0
person
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of the non-restricted shares Share type
Shareholders’ Names
held Share type Quantity
Foreign shares placed in domestic
Xu Yuanhui 900,789 900,789
exchange
Foreign shares placed in domestic
Liu Dan 880,476 880,476
exchange
Foreign shares placed in domestic
Chen Xinqiang 612,400 612,400
exchange
CORE PACIFIC-YAMAICHI Foreign shares placed in domestic
534,650 534,650
INTERNATIONAL (H.K.) LIMITED exchange
Foreign shares placed in domestic
Zhang Meilan 513,560 513,560
exchange
Foreign shares placed in domestic
Li Jianping 436,300 436,300
exchange
Foreign shares placed in domestic
Chen Houping 423,561 423,561
exchange
Foreign shares placed in domestic
Lv Gang 418,099 418,099
exchange
Foreign shares placed in domestic
Liu Guosheng 345,575 345,575
exchange
Foreign shares placed in domestic
Zhang Long 335,877 335,877
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 ‘Acting in concert’ in
Explanation on associated relationship
accordance with ‘The rules of information disclosure on change of shareholding.’ Foreign
among the aforesaid shareholders
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.
5
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
□ Applicable √Not applicable
III Significant Events
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
The production and sales of the Company’s automotive air-conditioning compressor products in the first quarter re
spectively increased by 37.33% and 54.65% over the same period of the last year, and the operating income increa
sed by 61.47% over the same period last year. The investment income from the joint venture -the Construction Ha
non reduced the loss of 5.126 million yuan YOY, and the increase in revenue and investment income was the main
reason for the current operating profit that reduced the loss of 22.49 million yuan.
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. Financial asset investment
1. Investment in securities
□ Applicable √Not applicable
No Securities investment in period
2.Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
6
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
V. Progress of investment projects with raised funds
□ Applicable √Not applicable
VI. Prediction of the performances from January to June 2021
Estimation on 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 on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Entrusted Financial Management
□ Applicable √Not applicable
There is no Entrusted Financial Management during the report period.
IX. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
X. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
XI. The registration form of acceptance of investigation, communication and interview in the report period
for future reference
√ Applicable □Not applicable
Index of Basic
Types of
Place of Way of Visitors Main contents discussed and Information on
Reception time visitors
reception reception received information provided the Investigation
received
and Survey
Q：
The Company's stock fluctuated sig
nificantly in February. What was the Register of visito
The
March 1,2021 By phone Individual Mr. Chen reason? A： rs for investors of
Company
The Company released its annual pe the company
rformance forecast on January 22, a
nd the performance turned from loss
7
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
to profit, but the net profit after ded
uction nonrecurring gains and loss
was negative. For details, please ref
er to the Company's "2020 Annual P
erformance Forecast". Currently, the
Company has no other information
that should be disclosed yet is not di
sclosed.
8
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Chongqing Jianshe Vehicle System Co., Ltd.
March 31, 2021
In RMB
Items March 31,2021 December 31,2020
Current asset：
Monetary fund 111,500,517.10 159,343,241.47
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Notes receivable 74,450,023.97 66,548,530.50
Account receivable 235,420,190.52 221,386,452.90
Financing receivable
Prepayments 5,158,955.63 8,539,316.15
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 1,654,700.63 1,253,612.91
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 144,452,701.85 169,145,986.78
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 3,735,019.60 3,396,186.56
Total of current assets 576,372,109.30 629,613,327.27
Non-current assets：
Loans and payment on other’s behalf
disbursed
9
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
Creditor's Investment
Other Creditor's Investment
Long-term receivable
Long term share equity investment 186,955,582.06 186,213,719.02
Other equity instruments investment
Other non-current financial assets
Property investment 22,745,860.40 23,043,398.52
Fixed assets 303,773,713.25 310,131,438.69
Construction in progress 2,233,867.94 1,871,241.59
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 28,370,115.77 27,384,056.97
Development expenses
Goodwill
Long-germ expenses to be amortized 12,375.00 24,750.00
Deferred income tax asset 6,274,078.12 6,274,078.12
Other non-current asset 2,203,443.59 2,141,443.59
Total of non-current assets 552,569,036.13 557,084,126.50
Total of assets 1,128,941,145.43 1,186,697,453.77
Current liabilities
Short-term loans 541,410,000.00 553,910,000.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 96,400,000.00 110,020,000.00
Account payable 252,547,959.29 288,803,247.07
Advance receipts
Contract liabilities 3,345,618.62 1,479,711.62
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
10
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
Employees’ wage payable 28,322,993.46 28,427,402.84
Tax payable 21,329,578.03 18,106,616.93
Other account payable 11,621,047.46 10,260,888.23
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 434,930.42 192,362.51
Total of current liability 955,412,127.28 1,011,200,229.20
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 1,908,551.51 1,908,551.51
Other non-current liabilities
Total non-current liabilities 1,908,551.51 1,908,551.51
Total of liability 957,320,678.79 1,013,108,780.71
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
11
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
Other comprehensive income
Special reserve
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -1,032,015,627.65 -1,030,047,421.23
Total of owner’s equity belong to the
171,620,466.64 173,588,673.06
parent company
Minority shareholders’ equity
Total of owners’ equity 171,620,466.64 173,588,673.06
Total of liabilities and owners’ equity 1,128,941,145.43 1,186,697,453.77
Legal Representative: Yan Xuechuan Person in charge of accounting：Tan Mingxian Accounting Dept Leader: Niu Yanli
2.Parent Company Balance Sheet
In RMB
Items March 31,2021 December 31,2020
Current asset：
Monetary fund 2,439,508.60 1,039,038.26
Transactional financial assets
Derivative financial assets
Notes receivable 13,280,000.00 11,600,000.00
Account receivable 2,326,047.89 2,189,335.14
Financing receivable
Prepayments 3,630,493.21 5,477,412.18
Other account receivable 1,287,266.35 934,239.22
Including：Interest receivable
Dividend receivable
Inventories 1,872,262.20 1,645,305.96
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 3,179.92
Total of current assets 24,835,578.25 22,888,510.68
Non-current assets：
Creditor's right investment
12
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
Other Creditor's right investment
Long-term receivable
Long term share equity investment 386,001,026.01 385,259,162.97
Other equity instruments investment
Other non-current financial assets
Property investment 22,745,860.40 23,043,398.52
Fixed assets 103,529,397.49 110,261,716.77
Construction in progress 66,037.74
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 14,066,343.68 14,171,538.97
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset
Other non-current asset
Total of non-current assets 526,342,627.58 532,801,854.97
Total of assets 551,178,205.83 555,690,365.65
Current liabilities
Short-term loans
Transactional financial liabilities
Derivative financial liabilities
Notes payable
Account payable 198,935,224.88 265,278,880.90
Advance receipts
Contract Liabilities 236,416.09 248,849.01
Employees’ wage payable 10,151,714.22 10,058,993.74
Tax payable 17,781,100.65 15,199,300.72
Other account payable 291,627,709.57 231,990,706.48
Including：Interest payable
Dividend payable
Liabilities held for sales
Non-current liability due within 1
13
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
year
Other current liability 30,734.09 32,350.37
Total of current liability 518,762,899.50 522,809,081.22
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 518,762,899.50 522,809,081.22
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 -1,171,220,787.96 -1,170,754,809.86
Total of owners’ equity 32,415,306.33 32,881,284.43
Total of liabilities and owners’ equity 551,178,205.83 555,690,365.65
3.Consolidated Income statement
In RMB
14
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
Items Amount in this period Amount in last period
I. Income from the key business 257,353,451.32 159,386,309.82
Incl：Business income 257,353,451.32 159,386,309.82
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 261,480,877.18 179,331,350.56
Incl：Business cost 224,972,722.58 145,336,603.62
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 2,504,139.33 2,201,784.04
Sales expense 5,154,349.71 4,133,596.78
Administrative expense 17,323,830.01 17,510,484.48
R & D costs 3,994,595.85 3,114,978.09
Financial expenses 7,531,239.69 7,033,903.55
Including：Interest expense
Interest income
Add: Other income 201,166.85 78,200.00
Investment gain（“-”for loss） 741,863.04 -4,384,333.17
Incl: investment gains from affiliates 741,863.04 -4,384,333.17
Financial assets measured at amortized cost cease to be
741,863.04 -4,384,333.17
recognized as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets
Assets disposal income 1,436,084.79 13,663.97
III. Operating profit（“-”for loss） -1,748,311.18 -24,237,509.94
15
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
Add ：Non-operating income 1,938.17 0.00
Less: Non-operating expense 169.23 0.00
IV. Total profit(“-”for loss) -1,746,542.24 -24,237,509.94
Less：Income tax expenses 221,664.18
V. Net profit -1,968,206.42 -24,237,509.94
(I) Classification by business continuity
1.Net continuing operating profit
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of parent company -1,968,206.42 -24,237,509.94
2.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
16
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
obligations
5. Reserve for cash flow hedges
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 -1,968,206.42 -24,237,509.94
Total comprehensive income attributable to the owner of the
-1,968,206.42 -24,237,509.94
parent company
Total comprehensive income attributable minority
shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.0165 -0.2030
(II)Diluted earnings per share -0.0165 -0.2030
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: Yan Xuechun
Person-in-charge of the accounting work：Tan Mingxian
Person-in -charge of the accounting organ：Niu Yanli
4. Income statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 151,620,740.98 114,032,194.70
Incl：Business cost 144,161,094.80 109,931,765.56
Business tax and surcharge 980,810.87 942,790.56
Sales expense 239,999.25 384,759.27
Administrative expense 8,817,707.49 11,180,548.85
R & D expense 146,093.15 366,902.34
Financial expenses -39,445.87 2,015,994.32
Including：Interest expenses
Interest income
Add：Other income 9,403.42 0.00
Investment gain（“-”for loss） 741,863.04 -4,384,333.17
17
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
Including: investment gains from affiliates 741,863.04 -4,384,333.17
Financial assets measured at amortized cost cease to be
recognized as income
Net exposure hedging income
Changing income of fair value
Credit impairment loss
Impairment loss of assets
Assets disposal income 1,468,274.15 13,663.97
II. Operating profit（“-”for loss） -465,978.11 -15,161,235.40
Add ：Non-operating income
Less：Non -operating expenses
III. Total profit(“-”for loss) -465,978.11 -15,161,235.40
Less：Income tax expenses
IV. Net profit -465,978.11 -15,161,235.40
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 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 pr
ofit 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
18
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
reclassification of financial assets
4.Allowance for credit impairments in investments in other debt
obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statements
7.Other
VI. Total comprehensive income -465,978.11 -15,161,235.40
VII. Earnings per share
（I）Basic earnings per share -0.0039 -0.1270
(II)Diluted earnings per share -0.0039 -0.1270
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 rending of services 146,293,533.54 100,524,193.14
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 4,765,028.00 658,274.94
Other cash received from business operation 3,267,759.48 1,465,816.94
Sub-total of cash inflow 154,326,321.02 102,648,285.02
Cash paid for purchasing of merchandise and services 96,141,874.07 50,687,714.14
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
19
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
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 29,986,561.07 25,071,964.19
Taxes paid 2,255,382.37 1,008,486.56
Other cash paid for business activities 9,125,942.18 4,716,927.50
Sub-total of cash outflow from business activities 137,509,759.69 81,485,092.39
Net cash generated from /used in operating activities 16,816,561.33 21,163,192.63
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains
Net cash retrieved from disposal of fixed assets, intangible
1,479,066.23
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 1,479,066.23
Cash paid for construction of fixed assets, intangible assets and
1,564,545.38 648,200.00
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 1,564,545.38 648,200.00
Net cash flow generated by investment -85,479.15 -648,200.00
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from minor
shareholders
Cash received as loans 140,220,000.00 187,710,000.00
Other financing –related cash received 242,874.76 70,351,349.97
Sub-total of cash inflow from financing activities 140,462,874.76 258,061,349.97
Cash to repay debts 152,720,000.00 160,000,000.00
Cash paid as dividend, profit, or interests 5,909,062.30 5,881,093.59
Including: Dividend and profit paid by subsidiaries to minor
20
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
shareholders
Other cash paid for financing activities 32,787,009.28 112,741,868.71
Sub-total of cash outflow due to financing activities 191,416,071.58 278,622,962.30
Net cash flow generated by financing -50,953,196.82 -20,561,612.33
IV. Influence of exchange rate alternation on cash and cash
-7,619.01
equivalents
V.Net increase of cash and cash equivalents -34,229,733.65 -46,619.70
Add: balance of cash and cash equivalents at the beginning of
79,310,253.55 9,312,375.75
term
VI ..Balance of cash and cash equivalents at the end of term 45,080,519.90 9,265,756.05
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 services 49,993,716.20 21,309,472.84
Tax returned
Other cash received from business operation 2,761,278.36 79,963.67
Sub-total of cash inflow 52,754,994.56 21,389,436.51
Cash paid for purchasing of merchandise and services 34,780,495.24 15,082,651.24
Cash paid to staffs or paid for staffs 10,270,286.99 13,240,422.84
Taxes paid 225,143.73 93,956.01
Other cash paid for business activities 5,996,619.11 447,571.49
Sub-total of cash outflow from business activities 51,272,545.07 28,864,601.58
Net cash generated from /used in operating activities 1,482,449.49 -7,475,165.07
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains
Net cash retrieved from disposal of fixed assets, intangible
1,479,066.23
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 1,479,066.23
Cash paid for construction of fixed assets, intangible assets and 1,564,545.38 648,200.00
21
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
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 activities 1,564,545.38 648,200.00
Net cash flow generated by investment -85,479.15 -648,200.00
III. Cash flow generated by financing
Cash received as investment
Cash received as loans
Other financing –related ash received 110,220,000.00 97,710,000.00
Sub-total of cash inflow from financing activities 110,220,000.00 97,710,000.00
Cash to repay debts 0.00
Cash paid as dividend, profit, or interests 423,583.32
Other cash paid for financing activities 110,216,500.00 92,260,000.00
Sub-total of cash outflow due to financing activities 110,216,500.00 92,683,583.32
Net cash flow generated by financing 3,500.00 5,026,416.68
IV. Influence of exchange rate alternation on cash and cash
equivalents
V.Net increase of cash and cash equivalents 1,400,470.34 -3,096,948.39
Add: balance of cash and cash equivalents at the beginning of
1,039,038.26 4,368,716.37
term
VI ..Balance of cash and cash equivalents at the end of term 2,439,508.60 1,271,767.98
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 2021
□ Applicable √ Not applicable
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 2021
□ Applicable √ Not applicable
III. Auditors’ Report
Is the First Quarter Report be audited?
22
Chongqing Jianshe Vehicle System Co., Ltd The First Quarter Report 2021
□ Yes √No
The First Quarter report is not audited.
23
