建设摩托 2009 年第1 季度报告
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重庆建设摩托车股份有限公司
CHONGQING JIANSHE MOTORCYCLE CO.,LTD.
The 1st Quaterly Report 2009建设摩托 2009 年第1 季度报告
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Chongqing Jianshe Motorcycle Co., Ltd.
The 1st Quarterly Report 2009
§1 Important Declaration
1.1 The Board of Directors and the directors, the Supervisory Committee and the supervisors, and the senior
executives 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.
1.2 None of the directors is holding uncertain or objective attitude on the truthfulness, accuracy, and completeness
of this quarterly report.
1.3 Director Yu Guhua, Sun Wei, and Hao Lin absented the 9th meeting of the 5th term of Board, they entrusted
director Cai Tao, Wang Kun, and Cheng Yuanwei to vote in favor on their behalves respectively.
1.4 The financial report carried with the 1st Quarterly Report is not audited by CPAs.
1.5 Mr. Yu Guohua, the Chairman of Board, Mr. Tengfeng, the Financial Officer, and Mr. Cheng Fukai, the
Accounting Manager declare: the financial statements carried in this report are secured for their truthfulness and
completeness.
§2 Company Profile
2.1 Financial highlights
In RMB Yuan
Ended this report term Ended previous year Changed by (%)
Gross Assets 2,831,923,592.24 2,723,960,062.85 3.96%
Owners’ Equity Attributable to the Parent Company 440,998,087.84 439,421,949.68 0.36%
Share capital 477,500,000.00 477,500,000.00
Net asset per share attributable to the owners of the
parent company 0.92356 0.92026 0.36%
This report term Same period last year Changed by (%)
Turnover 531,201,054.16 675,757,989.54 -21.39%
Net profit attributable to the owners of parent company 503,738.16 1,227,811.16 -58.97%
Cash flow generated by business operation, net 37,175,348.79 -15,303,131.57 342.93%
Net Cash flow per share generated by business operation 0.07785 -0.03205 342.93%
Basic gains per share 0.001 0.003 -66.67%
Diluted gains per share 0.001 0.003 -66.67%
Net earnings / asset 0.11% 0.43% -0.32%
Net earnings / capital ratio after deducting of
non-recurring gain/loss -1.77% -2.41% 0.64%
Non-recurring gain and loss items
Amount of the period
from the beginning of
year to the end of report
term
Gain/loss of non-current assets 771,018.82
Other non-business income and expenditures other than the above 7,533,206.51
Total 8,304,225.33建设摩托 2009 年第1 季度报告
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Statements on non-recurring gain/loss items:
Other non-business income includes RMB7,597,833.73 of government subsidy.
2.2 Total of shareholders and top-10 holders of current shares
Total shareholders at the end of the
report period
17636
Top Ten Shareholders of Negotiable Shares
Full name of shareholder Negotiable shares held at the end
of report term
Share categories (A, B, H or
others)
Shanghai Hong Kong Wanguo
Securities
1,088,700 Current B shares
Wang Chuxin 577,000 Current B shares
Zhang Xiuqiong 350,000 Current B shares
Xu Shaolin 347,900 Current B shares
Yuan Runyan 344,500 Current B shares
Cai Zujian 300,000 Current B shares
WANG,HUANSHENG 271,400 Current B shares
Wei Shulan 270,095 Current B shares
Liu Xingzhong 266,700 Current B shares
Xie Ying 262,820 Current B shares
§3 Significant Events
3.1 Details and causations of major change in major accounting subjects and financial indices
√ applicable □ not applicable
1. Inventory: inventory in the report term has increased by 44.77% over the end of previous year, which was
caused by increasing of inventory responding to the “Promotion plan of automobile and motorcycle to the
countryside” of the national government.
2. Account received in advance: increased by 51.28% over the end of previous year, which was caused by
increasing of orders from clients.
3. Special payables: decreased by 35.50% from the end of previous year, which was caused by partial
transferring
of moving losses.
4. Management expenses: decreased by 34.38% from the same period of last year, which was caused by
decreasing of technology transfer fee, and enhancing of cost control.
5. Financial expenses: decreased by 81.70% from the same period of last year, which was caused by
decreasing of
loan interest and exchange loses.
6. Business tax and surtax: increased by 58.89% over the same period of last year, which was caused by
increasing
of sales of motorcycles in the country.
7. Investment gains: decreased by 159.03% from the same period of last year, which was caused by decrease
of
net profit of Chongqing YAMAHA Motorcycle Co., Ltd. and Zhuzhou Jianshe YAMAHA Co., Ltd.
8. Net cash flow from business operation: increased by 342.93% over the same period of last year, which was
caused by increasing of account received in advance.建设摩托 2009 年第1 季度报告
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3.2 Progress of significant events, their influence, countermeasures, and analysis
□applicable √ not applicable
3.3 Fulfilling of commitment issues made by the Company, shareholder, or substantial controller
□applicable √ not applicable
3.4 Estimated accumulative profit from the year beginning to the end of the next report period may be of
deficits;
or in comparison with the same period of the previous year, give the warning of great change and the notice
to the
reasons.
□applicable √ not applicable
3.5 Other major events need to be explained
3.5.1 Investment in securities
□applicable √ not applicable
3.5.2 Holding of shares in other listed companies
√ applicable □ not applicable
Stock
Code Stock ID Initial
investment
Share
portion
Book value at the
end of term
Gain/loss of the
report term
Change of owners’
equity in the report term
000536 Min
Mindong 806,400.00 0.23% 2,424,800.00 1,072,400 1,072,400
Total 806,400.00 - 2,424,800.00 1,072,400 1,072,400
3.5.3 Reception of investigation, communication and visiting
No such investigation, communication or visiting happened in the report term.建设摩托 2009 年第1 季度报告
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§4 Attachments
4.1 Balance Sheet
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd. March 31, 2009 in RMB yuan
Balance at the Items Consolidated P eanrde notf ctoemrmp any BCaolnansoclei daat ttehde begPianrneinntg c oomf ypeaanry
Current asset:
Monetary capital 662,573,643.80 463,888,193.40 655,689,499.52 290,589,929.93
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 89,678,048.14 770,000.00 85,162,740.70 1,937,070.00
Account receivable 148,950,552.88 6,265,339.64 133,289,191.60 11,403,417.88
Prepayment 196,274,191.94 153,516,415.61 153,406,071.47 120,207,407.20
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividend receivable
Other account receivable 131,631,491.68 179,417,817.13 187,024,743.83 320,808,578.26
Repurchasing of financial assets
Inventories 285,048,159.79 93,771,608.38 196,891,648.70 57,876,449.31
Non-current asset due in 1 year
Other current asset
Total of current asset 1,514,156,088.23 897,629,374.16 1,411,463,895.82 802,822,852.58
Non-current assets
Loans and payment on other’s behalf
disbursed
Disposable financial asset 2,424,800.00 1,352,400.00
Expired investment in possess
Long-term receivable
Long-term share equity investment 584,673,492.69 734,398,221.15 585,145,993.61 734,870,722.07
Investment real estate
Fixed assets 545,215,802.61 343,239,915.34 556,672,006.13 350,762,991.73
Construction in process 31,039,655.59 31,026,144.63 23,933,192.72 23,917,603.72
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 93,732,654.95 69,167,835.19 94,070,298.02 69,369,460.33
R&D expense 35,331,395.57 35,331,395.57 32,859,696.78 32,859,696.78
Goodwill
Long-term amortizable expenses 16,747,740.31 4,064,226.07 9,860,617.48 4,580,578.92
Differed income tax asset 6,153,962.29 6,153,962.29 6,153,962.29 6,153,962.29
Other non-current asset 2,448,000.00 2,448,000.00
Total of non-current assets 1,317,767,504.01 1,223,381,700.24 1,312,496,167.03 1,222,515,015.84
Total of assets 2,831,923,592.24 2,121,011,074.40 2,723,960,062.85 2,025,337,868.42建设摩托 2009 年第1 季度
报告
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Current liabilities
Short-term loans 688,800,000.00 403,900,000.00 590,831,360.15 333,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 939,825,890.00 603,870,000.00 928,630,000.00 502,000,000.00
Account payable 455,717,394.97 340,369,541.79 488,399,907.16 250,225,686.02
Prepayment received 108,635,279.92 2,232,246.15 71,809,539.53 1,221,094.67
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 1,969,356.73 1,681,708.00 2,674,838.65 2,373,690.25
Tax payable 126,313,401.47 127,249,229.54 123,266,751.67 127,666,251.10
Interest payable
Dividend payable
Other account payable 36,634,685.84 83,546,706.59 29,516,676.27 210,757,121.50
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
Other current liability
Total of current liability 2,357,896,008.93 1,562,849,432.07 2,235,129,073.43 1,427,243,843.54
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payable
Special payable 29,660,820.33 35,793,185.25 45,982,500.00 45,982,500.00
Expected liabilities
Differed income tax liability
Other non-recurring liabilities
Total of non-current liabilities 29,660,820.33 35,793,185.25 45,982,500.00 45,982,500.00
Total of liability 2,387,556,829.26 1,598,642,617.32 2,281,111,573.43 1,473,226,343.54
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 477,500,000.00 477,500,000.00 477,500,000.00 477,500,000.00
Capital reserves 591,252,917.59 588,240,294.29 590,180,517.59 588,240,294.29
Less: Shares in stock
Surplus reserves 125,686,000.00 125,686,000.00 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -753,440,829.75 -669,057,837.21 -753,944,567.91 -639,314,769.41
Different of foreign currency
translation
Total of owner’s equity belong to the
parent company 440,998,087.84 522,368,457.08 439,421,949.68 552,111,524.88
Minor shareholders’ equity 3,368,675.14 3,426,539.74
Total of owners’ equity 444,366,762.98 522,368,457.08 442,848,489.42 552,111,524.88
Total of liabilities and owners’ equity 2,831,923,592.24 2,121,011,074.40 2,723,960,062.85
2,025,337,868.42建设摩托 2009 年第1 季度报告
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4.2 Income Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd. Jan-Mar 2009 RMB Yuan
Amount of the Current Term Amount of the Previous Term
Items Consolidated Parent
company Consolidated Parent
company
I. Total revenue 531,201,054.16 532,989,146.92 675,757,989.54 499,731,871.59
Incl. Business income 531,201,054.16 532,989,146.92 675,757,989.54 499,731,871.59
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 538,584,549.36 570,690,905.86 682,984,692.81 518,762,009.33
Incl. Business cost 475,697,743.96 545,068,081.12 592,164,933.14 468,604,521.42
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 9,184,890.14 8,942,266.37 5,780,712.44 4,984,927.52
Sales expense 34,382,122.36 4,494,613.08 42,964,278.75 26,783,791.61
Administrative expense 16,113,592.23 8,904,969.60 24,557,260.78 15,775,436.38
Financial expenses 3,206,200.67 3,280,975.69 17,517,507.70 2,613,332.40
Asset impairment loss
Plus: Gains from change of fair value (“-“ for
loss)
Investment gain (“-“ for loss) -472,500.92 -472,500.92 800,478.22 800,478.22
Incl. Investment gains from affiliates -472,500.92 -472,500.92 800,478.22 800,478.22
Gains from currency exchange (“-“ for
loss)
III. Operational profit (“-“ for loss) -7,855,996.12 -38,174,259.86 -6,426,225.05 -18,229,659.52
Plus: Non business income 8,743,808.06 8,712,508.06 8,552,105.17 8,425,375.17
Less: Non-business expenses 439,582.73 281,316.00 491,435.96 463,974.03
Incl. Loss from disposal of non-current
assets 236,200.00 236,200.00 463,218.03 463,974.03
IV. Gross profit (“-“ for loss) 448,229.21 -29,743,067.80 1,634,444.16 -10,268,258.38
Less: Income tax expenses 2,355.65 59,801.42
V. Net profit (“-“ for net loss) 445,873.56 -29,743,067.80 1,574,642.74 -10,268,258.38
Net profit attributable to the owners of
parent company 503,738.16 -29,743,067.80 1,227,811.16 -10,268,258.38
Minor shareholders’ equity -57,864.60 346,831.58
VI. Earnings per share:
(I) Basic earnings per share 0.001 -0.06 0.003 -0.022
(II) Diluted earnings per share 0.001 0.003 -0.022建设摩托 2009 年第1 季度报告
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4.3 Cash Flow Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd. Jan-Mar 2009 RMB Yuan
Items CAonmsooluindta toefd t he CPaurrerennt tc Toemrpma ny CAomnsooulindt aotef dth e PParerevniot ucso
mTepramny
I. Net cash flow from business operation
Cash received from sales of products and providing of
services 500,482,171.92 436,699,188.02 589,738,387.82 395,215,225.55
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
Net increase of trade financial asset disposal
Cash received as interest, processing fee, and
commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 11,589,824.48 8,397,281.93 1,822,089.36
Other cash received from business operation 6,015,441.21 2,899,590.23 9,759,744.41 2,204,206.65
Sub-total of cash inflow from business activities 518,087,437.61 447,996,060.18 601,320,221.59
397,419,432.20
Cash paid for purchasing of merchandise and services 408,606,367.59 333,004,678.45 544,310,848.74
360,879,461.44
Net increase of client trade and advance
Net increase of savings in central bank and brother
company
Cash paid for original contract claim
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 40,088,180.99 30,478,189.02 36,760,517.59 26,221,408.19
Taxes paid 12,990,121.52 10,636,071.44 12,276,882.94 9,081,793.40
Other cash paid for business activities 19,227,418.72 3,778,365.91 23,275,103.89 6,046,230.47
Sub-total of cash outflow from business activities 480,912,088.82 377,897,304.82 616,623,353.16
402,228,893.50
Cash flow generated by business operation, net 37,175,348.79 70,098,755.36 -15,303,131.57 -4,809,461.30
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 assets, and other long-term assets 637,980.68 636,980.68 670,642.46 670,642.46
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 503,647.95 503,647.95 -1,238,361.68 -1,238,361.68
Sub-total of cash inflow due to investment activities 1,141,628.63 1,140,628.63 -567,719.22 -567,719.22
Cash paid for construction of fixed assets, intangible
assets and other long-term assets 15,472,718.03 14,622,817.82 13,042,339.43 9,599,258.23
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 15,472,718.03 14,622,817.82 13,042,339.43
9,599,258.23
Net cash flow generated by investment -14,331,089.40 -13,482,189.19 -13,610,058.65 -10,166,977.45
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor
shareholders
Cash received as loans 287,900,000.00 192,000,000.00 265,930,000.00 169,930,000.00
Cash received from bond placing
Other financing-related cash received 1,180,433,251.36 1,848,444,497.15 396,462,815.53 919,526,255.02
Subtotal of cash inflow from financing activities 1,468,333,251.36 2,040,444,497.15 662,392,815.53
1,089,456,255.02
Cash to repay debts 182,000,000.00 121,100,000.00 197,621,016.02 129,100,000.00
Cash paid as dividend, profit, or interests 16,179,908.56 9,422,030.23 14,640,795.85 5,036,435.79建设摩托
2009 年第1 季度报告
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Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 1,232,930,601.11 1,894,395,642.13 471,100,817.58 887,470,235.45
Subtotal of cash outflow due to financing activities 1,431,110,509.67 2,024,917,672.36 683,362,629.45
1,021,606,671.24
Net cash flow generated by financing 37,222,741.69 15,526,824.79 -20,969,813.92 67,849,583.78
IV. Influence of exchange rate alternation on cash and cash
equivalents -916,926.40 24,513.53 -1,283,312.61 -747,704.38
V. Net increase of cash and cash equivalents 59,150,074.68 72,167,904.49 -51,166,316.75 52,125,440.65
Plus: Balance of cash and cash equivalents at the
beginning of term 99,257,459.02 38,850,288.91 227,280,817.63 89,772,780.09
VI. Balance of cash and cash equivalents at the end of term 158,407,533.70 111,018,193.40 176,114,500.88
141,898,220.74
4.4 Auditors’ Report
Auditor’s opinion: not audited.
Chongqing Jianshe Motorcycle Co., Ltd.
Mr. Yu Guohua, Chairman of Board
April 23, 2009
