The Third Quarterly Report 2021
Stock code: 200054 Stock Abbreviation: Jianshe Vehicle B Announcement No.: 2021-064
Chongqing Jianshe Vehicle System Co., Ltd.
The Third Quarterly Report 2021
The members of the Board and the Company acknowledge being responsible for the truthfulness, accuracy, and
completeness of the announcement. Not any false record, misleading statement or significant omission carried in
this announcement.
Important content reminder:
1.The Board of Directors, The Supervisory Committee, the supervisors and the directors of the Company
guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and we
will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report.
2. Principal of the Company, Person in Charge of Accounting Works and Person in Charge of Accounting Organ
(Accounting Officer) hereby confirm that the Financial Report of the Third Quarterly Report is authentic, accurate
and complete.
3. Whether the Third Quarterly Report has been audited or not
□Yes √No
I. Main financial data
(I) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□ Yes √ No
Increase/decrease
from year-begin
Increase/decrease in
to period-end
the period compared Year-begin to
This period compared with
with the same period period-end
the same period
of the previous year
of the previous
year
Operating income（Yuan） 165,687,052.96 -18.32% 622,651,481.98 15.85%
Net profit attributable to the shareholders -2,186,600.33 -105.40% -10,084,187.09 -274.56%
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The Third Quarterly Report 2021
of the listed company（Yuan）
Net profit after deducting of
non-recurring gain/loss attributable to the -2,773,273.67 34.64% -12,897,314.57 -64.37%
shareholders of listed company（Yuan）
Cash flow generated by business
—— —— 74,612,843.12 -38.11%
operation, net（Yuan）
Basic earning per share(Yuan/Share) -0.0183 -105.40% -0.0845 -274.59%
Diluted gains per share(Yuan/Share) -0.0183 -105.40% -0.0845 -274.59%
Weighted average return on equity（%） -1.29% -24.41% -5.96% -9.26%
Increase/decrease at the period-end
End of this period End of last period compared with the end of the previous
year
Gross assets（Yuan） 1,127,710,049.22 1,186,697,453.77 -4.97%
Net assets attributable to the shareholders
164,592,965.60 173,588,673.06 -5.18%
of the listed company（Yuan）
（II)Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin
Items This period Notes
to period -end
Non-current asset disposal gain/loss(including the write-off part for
1,566,473.14
which assets impairment provision is made)
Governmental Subsidy accounted as current gain/loss, except for those
subsidies at with amount or quantity fixed by the national government 382,200.00 843,693.97
and closely related to the Company’s business operation.
Reverse of the provision for impairment of accounts receivable
200,000.00 200,000.00
undergoing impairment test individually
Other non-operating income and expenditure except for the
4,473.34 202,960.37
aforementioned items
Total 586,673.34 2,813,127.48 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
□ Applicable √ Not applicable
The Company does not have other gain/loss items that qualified the definition of non-recurring profit
(gains)/losses
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure
for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as
recurring gain/loss
(III) Particulars about changes in items of main accounting data and financial index and explanations of
reasons
√ Applicable □Not applicable
The Company’s profit indicators have changed significantly from the same period last year, mainly due to:
1. The production and sales of the Company's automotive air-conditioning compressor products from January to
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The Third Quarterly Report 2021
September increased by 9.22% and 12.10% respectively over the same period of the previous year, the operating
income increased by 15.85% over the same period last year, and the investment income of the joint venture of
Jianshe Hanon decreased by 18.61 million yuan YOY, resulting in the operating profit for the current period
reduced losses by 23.2 million yuan YOY.
2. The profit reduction in the current period compared with the same period of the previous year was mainly due
to the net profit in 2020 included the non-operating profit of 40.98 million yuan (non-recurring profit and loss
item) formed by the acquisition of Pingshan Taikai's equity in the third quarter last year.
II. Shareholders Information
(I) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
In Shares
Total preference shareholders
Total number of common with the voting power
7,208 0
shareholders at the period-end recovered at the 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 % Quantity
with Conditional 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
Anhui Hengsheng Investment
non-state-owned 1.47% 1,750,000 1,750,000
Development Co., Ltd.
legal person
Domestic natural
Xu Yuanhui 0.77% 913,999 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
Foreign legal
INTERNATIONAL (H.K.) 0.46% 544,150 0
person
LIMITED
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 0.37% 436,300 0
person
Shares held by the Top 10 Shareholders of Non-restricted shares
Shareholders’ Names Number of the non-restricted Share type
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The Third Quarterly Report 2021
shares held Share type Quantity
Foreign shares placed in
Xu Yuanhui 913,999 913,999
domestic exchange
Foreign shares placed in
Liu Dan 880,476 880,476
domestic exchange
Foreign shares placed in
Chen Xinqiang 612,400 612,400
domestic exchange
CORE PACIFIC-YAMAICHI Foreign shares placed in
544,150 544,150
INTERNATIONAL (H.K.) LIMITED
domestic exchange
Foreign shares placed in
Zhang Meilan 513,560 513,560
domestic exchange
Foreign shares placed in
Li Jianping 436,300 436,300
domestic exchange
Foreign shares placed in
Chen Houping 423,561 423,561
domestic exchange
Foreign shares placed in
Lv Gang 418,099 418,099
domestic exchange
Foreign shares placed in
Zhang Long 351,577 351,577
domestic exchange
Foreign shares placed in
Liu Guosheng 345,575 345,575
domestic exchange
There is no affiliated relationship between the top ten non-restricted tradable
shareholders and the controlling shareholder China Military Equipment Group
Co., Ltd. nor do they belong to the consistent actors stipulated in the
Explanation on associated relationship or Administrative Measures for the Acquisition of Listed Companies; it is
unknown to the company whether there is an affiliated relationship between the
concerted action of the above shareholders top ten non-restricted tradable shareholders as well as between the top ten
non-restricted tradable shareholders and the other top ten shareholders, or
whether they are included in the consistent actors stipulated in the
Administrative Measures for the Acquisition of Listed Companies
Note to the top 10 common stockholders involved
Not applicable
in margin financing & securities lending (If any)
(II) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
III. Other significant events
√ Applicable □ Not applicable
On October 9, 2021, the "Proposal on Public Listing for Transfer of Plant and Land Assets" was reviewed and
approved in the 9th Meeting of the Ninth Board of Directors of the Company..
See details in the company’s announcement published on securities times, Hongkong Commercial daily and
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The Third Quarterly Report 2021
http//www.cninfo.com.c n on October 11,2021 (Announcement No.:2021-054).
IV. Quarterly financial statements
（I）Financial statement
1. Consolidated balance sheet
Prepared by：Chongqing Jianshe Vehicle System Co., Ltd.
September 30,2021
In RMB
Items September 30,2021 December 31,2020
Current asset：
Monetary fund 117,210,266.53 159,343,241.47
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Notes receivable 112,837,824.41 66,548,530.50
Account receivable 187,151,970.40 221,386,452.90
Financing receivable
Prepayments 8,979,075.04 8,539,316.15
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 2,466,514.98 1,253,612.91
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 148,899,636.69 169,145,986.78
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 1,921,060.88 3,396,186.56
Total of current assets 579,466,348.93 629,613,327.27
Non-current assets：
Loans and payment on other’s behalf
disbursed
Creditor's Investment
Other Creditor's Investment
Long-term receivable
Long term share equity investment 194,786,835.36 186,213,719.02
Other equity instruments investment
Other non-current financial assets
Property investment 23,043,398.52
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The Third Quarterly Report 2021
Fixed assets 313,026,210.35 310,131,438.69
Construction in progress 2,848,566.68 1,871,241.59
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 28,040,356.49 27,384,056.97
Development expenses
Goodwill
Long-germ expenses to be amortized 128,653.29 24,750.00
Deferred income tax asset 6,274,078.12 6,274,078.12
Other non-current asset 3,139,000.00 2,141,443.59
Total of non-current assets 548,243,700.29 557,084,126.50
Total of assets 1,127,710,049.22 1,186,697,453.77
Current liabilities
Short-term loans 507,010,000.00 553,910,000.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 177,240,000.00 110,020,000.00
Account payable 222,521,616.11 288,803,247.07
Advance receipts
Contract liabilities 2,249,166.94 1,479,711.62
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 28,026,484.29 28,427,402.84
Tax payable 17,327,217.72 18,106,616.93
Other account payable 6,673,092.61 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 336,082.42 192,362.51
Total of current liability 961,383,660.09 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
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The Third Quarterly Report 2021
Long-term remuneration payable to staff
Expected liabilities
Deferred income
Deferred income tax liability 1,733,423.53 1,908,551.51
Other non-current liabilities
Total non-current liabilities 1,733,423.53 1,908,551.51
Total of liability 963,117,083.62 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 958,565,294.29 958,565,294.29
Less：Shares in stock
Other comprehensive income 9,800.00 9,800.00
Special reserve 1,088,479.63
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -1,040,131,608.32 -1,030,047,421.23
Total of owner’s equity belong to the
164,592,965.60 173,588,673.06
parent company
Minority shareholders’ equity
Total of owners’ equity 164,592,965.60 173,588,673.06
Total of liabilities and owners’ equity 1,127,710,049.22 1,186,697,453.77
Legal Representative: Yan Xuechuan
Person-in-charge of the accounting work：Tan Mingxian
Person-in -charge of the accounting organ：Niu Yanli
2. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Items Amount in this period Amount in last period
I. Turnover 622,651,481.98 537,448,763.68
Including：Operating income 622,651,481.98 537,448,763.68
Interest income
Insurance fee earned
Commission charge and commission income
II. Total operating costs 646,729,231.21 565,563,802.51
Including ：Operating costs 544,119,570.31 469,717,457.33
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty, net
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The Third Quarterly Report 2021
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 6,486,083.62 4,960,963.50
Sales expense 14,488,710.89 13,783,979.73
Administrative expense 42,475,062.73 50,380,324.93
R & D expense 21,811,124.93 9,989,003.61
Financial expenses 17,348,678.73 16,732,073.41
Including：Interest expense
Interest income
Add：Other income 843,693.97 518,200.00
Investment gain（“-”for loss） 8,573,116.34 -10,041,525.08
Including: investment gains from affiliates 8,573,116.34 -10,041,525.08
Financial assets measured at amortized cost cease to be
recognized as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss 91,846.88
Impairment loss of assets 1,492,614.67
Assets disposal income 1,566,473.14 -54,625.39
III. Operating profit（“-”for loss） -13,002,618.90 -36,200,374.63
Add ：Non-operating income 203,158.55 42,611,557.87
Less: Non-operating expense 198.18 634,363.43
IV. Total profit(“-”for loss) -12,799,658.53 5,776,819.81
Less：Income tax expenses -2,715,471.44
V. Net profit -10,084,187.09 5,776,819.81
(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 -10,084,187.09 5,776,819.81
2.Minority shareholders’ equity
VI. Net after-tax of other comprehensive income
Net of profit of other comprehensive income attributable to o
wners 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
debt or net assets
2.Other comprehensive income under the equity method inves
tee 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
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The Third Quarterly Report 2021
profit or loss
1.Other comprehensive income under the equity method inves
tee 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
6.Translation differences in currency financial statements
7.Other
Net of profit of other comprehensive income attributable to M
inority shareholders’ equity
VII. Total comprehensive income -10,084,187.09 5,776,819.81
Total comprehensive income attributable to the owner of the
-10,084,187.09 5,776,819.81
parent company
Total comprehensive income attributable minority
shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.0845 0.0484
(II)Diluted earnings per share -0.0845 0.0484
Legal Representative: Yan Xuechuan
Person-in-charge of the accounting work：Tan Mingxian
Person-in -charge of the accounting organ：Niu Yanli
3. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
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 425,019,481.86 339,897,169.27
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 17,484,341.37 6,209,464.70
Other cash received from business operation 27,905,640.12 9,366,049.06
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The Third Quarterly Report 2021
Sub-total of cash inflow 470,409,463.35 355,472,683.03
Cash paid for purchasing of merchandise and services 280,237,920.68 139,267,551.33
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
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 84,277,139.15 71,218,557.71
Taxes paid 11,148,957.61 4,647,648.56
Other cash paid for business activities 20,132,602.79 19,782,654.33
Sub-total of cash outflow from business activities 395,796,620.23 234,916,411.93
Net cash generated from /used in operating activities 74,612,843.12 120,556,271.10
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
1,609,454.58 1,900.00
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 1,609,454.58 1,900.00
Cash paid for construction of fixed assets, intangible assets
8,607,727.26 2,613,911.45
and other long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational
-21,450,668.55
units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 8,607,727.26 -18,836,757.10
Net cash flow generated by investment -6,998,272.68 18,838,657.10
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from minor
shareholders
Cash received as loans 425,210,000.00 476,120,000.00
Other financing –related cash received 410,642.80 140,489,828.84
Sub-total of cash inflow from financing activities 425,620,642.80 616,609,828.84
Cash to repay debts 472,110,000.00 386,500,000.00
Cash paid as dividend, profit, or interests 18,478,496.99 17,089,567.09
Including: Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 32,496,751.40 396,395,937.75
Sub-total of cash outflow due to financing activities 523,085,248.39 799,985,504.84
Net cash flow generated by financing -97,464,605.59 -183,375,676.00
IV. Influence of exchange rate alternation on cash and cash
-9,951.87 -2,986.42
equivalents
V.Net increase of cash and cash equivalents -29,859,987.02 -43,983,734.22
Add: balance of cash and cash equivalents at the beginning of 79,310,253.55 74,380,326.10
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The Third Quarterly Report 2021
term
VI ..Balance of cash and cash equivalents at the end of term 49,450,266.53 30,396,591.88
(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）Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.
The Board of Directors of Chongqing Jianshe Vehicle System Co., Ltd.
October 28,2021
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