Chongqing Jianshe Vehicle System Co., Ltd.
The Semi-Annual Report 2022
August 31,2022
I. Important Notice, Table of Contents and Definitions
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
Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of
the Report.
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 semi-report.
All the directors attended the board meeting for the review of this Report.
Prospective statements carried in this report, such as business plans for future are not constituting any substantial
commitment to the investors. Please be cautious to the risks. This report is prepared both in English and Chinese.
When there is any conflict in understanding, the Chinese version shall prevail.
The Company has described the Company's risk factors in detail in this report, so please refer to the content of the
Company's risk factors in this report.
The Company will not distribute cash dividend or bonus shares, neither capitalizing of common reserves for the
report period.
Table of Contents
I.Important Notice, Table of contents and Definitions
II. Company Profile & Financial Highlights.
III. Management Discussion & Analysis
IV. Corporate Governance
V. Environmental & Social Responsibility
VI. Important Events
VII. Change of share capital and shareholding of Principal Shareholders
VIII. Situation of the Preferred Shares
IX. Corporate Bond
X. Financial Report
Documents available for inspection
I. The semi-report carrying personal signature and seal of the Chairman of the Board;
II. Financial Statements with signatures of the legal representative, the financial officer, and accounting manager;
III. All of the originals of the Company’s documents and public notices publicized by the presses designated by
China Securities Regulatory Commission in the report period.
Definition
Terms to be defined Refers to Definition
Company, the Company, Jianmo Stock,
Refers to Chongqing Jianshe Vehicle System Co., Ltd.
Jianshe Vehicle B
Shenzhen North Jianshe Motorcycle Co., Ltd. (predecessor of the
Shenjianmo Refers to
Company)
Chongqing Jianshe Motorcycle Co., Ltd. (predecessor of the
Jianmo B Refers to
Company)
Military Equipment Group（Southern China Military Equipment Group Co., Ltd. (China Southern Industry
Refers to
Group） Group Co., Ltd.)
Military Finance Co. Refers to Military Equipment Group Finance Co., Ltd.
Chongqing Jianshe Industry Co., Ltd. – former State-owned Jianshe
Jianshe Industry Refers to
Machinery Factory, Jianshe Industry (Group) Co., Ltd.
Jianshe Mechanical and Electric Refers to Chongqing Jianshe Mechanical and Electric Co., Ltd.
HANON,KOREA HANON Refers to Korea Hanon System Co., Ltd.
Chongqing Jianshe HANON Automobile Thermal Management
Jianshe HANON Refers to
System Co., Ltd.
Changan Auto Refers to Chongqing Changan Automobile Co., Ltd.
Vehicle air conditioner Refers to Chognqing Jianshe Automobile Air-conditioner Co., Ltd.
Chongqing Jianya Refers to Chongqing Jianshe YAMAHA Motorcycle Co., Ltd.
Zhuzhou Jianya Refers to Zhuzhou Jianshe YAMAHA Motorcycle Co., Ltd.
Pingshan Taikai Refers to Chongqing Pingshan Taikai Carburetor Co., Ltd.
South Air International Refers to South Air International Co., Ltd.
Minsheng Logistics Refers to Chongqing Changan Minsheng APLL Logistics Co., Ltd.
II. Company Profile & Financial Highlights.
1.Company Profile
Stock ID Jianshe Vehicle B Stock Code 200054
Stock Exchange Listed Shenzhen Stock Exchange
Short form of Company
重庆建设汽车系统股份有限公司
Name in Chinese
Company Name in English 建车 B
Company Name in English Chongqing Jianshe Vehicle System Co., Ltd
Short form of Company
JSVS-B
Name in English
Legal representative: Yan Xuechuan
2. Contact person and contact manner
Secretary of the Board Representative of Stock Affairs
Name Zhang Hushan Li Wenling
No.1 Jianshe Road, Huaxi Industrial No.1 Jianshe Road, Huaxi Industrial
Address
Zone, Ba’nan District, Chongqing Zone, Ba’nan District, Chongqing
Tel. 023-66295333 023-66295333
Fax. 023-66295333 023-66295333
E-mail. cqjsmc@jianshe.com.cn cqjsmc@jianshe.com.cn
3.Other
(1)Way to contact the Company
Whether registrations address, offices address and codes as well as website and email of the Company changed in
reporting period or not
□ Applicable □√ Not Applicable
The registered address, office address and their postal codes, website address and email address of the Company
did not change during the reporting period. The said information can be found in the 2021 Annual Report.
（2）About information disclosure and where this report is placed
Did any change occur to information disclosure media and where this report is placed during the reporting period?
□ Applicable √ Not applicable
The newspapers designated by the Company for information disclosure, the website designated by CSRC for
disclosing this report and the location where this report is placed did not change during the reporting period. The
said information can be found in the 2021Annual Report.
(3) Other relevant information
Did any change occur to other relevant information during the reporting period?
□ Applicable √ Not applicable
4.Summary of Accounting data and Financial index
May the Company make retroactive adjustment or restatement of the accounting data of the previous years
□ Yes √ No
Same period of last
Reporting period YOY+/-（%）
year
Operating income（Yuan） 239,131,462.84 456,964,429.02 -47.67%
Net profit attributable to the
shareholders of the listed company 13,405,938.22 -7,897,586.77 269.75%
（Yuan）
Net profit after deducting of non-
recurring gain/loss attributable to
the shareholders of listed company -28,179,669.74 -10,124,040.91 -178.34%
（Yuan）
Cash flow generated by business
31,389,232.50 21,754,020.41 44.29%
operation, net（Yuan）
Basic earning per
0.1123 -0.0662 269.64%
share(Yuan/Share)
Diluted gains per
0.1123 -0.0662 269.64%
share(Yuan/Share)
Weighted average ROE(%) 13.30% -4.66% 0.18%
As at the end of the As at the end of last
YOY+/-（%）
reporting period year
Gross assets (Yuan) 872,514,762.78 1,041,336,478.97 -16.21%
Shareholders’ equity attributable to
shareholders of the listed company 163,591,564.36 149,303,592.84 9.57%
（Yuan）
5. Differences between accounting data under domestic and overseas accounting standards
1. Differences of net profit and net assets disclosed in financial reports prepared under international and Chinese
accounting standards.
□ Applicable √Not applicable
No difference.
2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese
accounting standards.
□ Applicable √Not applicable
No difference.
6.Items and amount of deducted non-current gains and losses
√ Applicable □ Not applicable
In RMB
Items Amount Notes
Non-current asset disposal
gain/loss(including the write-off part for 39,860,952.30
which assets impairment provision is made)
Government subsidy recognized in current
gain and loss(excluding those closely
1,201,869.22
related to the Company’s business and
granted under the state’s policies)
Switch back of provision for depreciation
of account receivable and contractual assets 389,692.61
which were singly taken depreciation test
Other non-operating income and
expenditure except for the aforementioned 133,093.83
items
Total 41,585,607.96
Details of other profit and loss items that meet the non-recurring profit and loss definition
□ Applicable√ Not applicable
None
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 recorgnized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
III. Management Discussion & Analysis
Ⅰ.Main Business the Company is Engaged in During the Report Period
According to data from the China Association of Automobile Industry Statistics, in the first half of 2022, the
production and sales of automobiles were 12.117 million units and 12.057 million units, up 28.2% and 23.8%
respectively over the previous year; thereinto, the production and sales of new energy vehicles were 2.661
million units and 2.6 million units, up 133.4% and 129.2%respectively over the previous year. The Company
belongs to the automobile parts manufacturing industry, mainly engages in the production and sales of
automobile air-conditioning compressors, and provides supporting business for automobile OEMs. The
Company’s products include rotary vane iron and aluminum compressors, piston swash plate fixed displacement
compressors and electric compressors, covering 32cc to 480cc displacement. From the perspective of industry
development trends, the rotary vane technology will face the ceiling, and the Company needs to speed up the
digestion and introduction of new technology products such as vortex electric. In the first half of the year,
affected by the epidemic at home and abroad and the shortage of the supply chain by auto OEMs, the
Companyachieved sales of automobile air-conditioning compressors of 582,300 units, a YOY decrease of
47.42%, and realized the operating income of 239.13 million yuan, a YOY decrease of 47.67%.
II. Analysis On core Competitiveness
Product pedigree construction: On the basis of introducing the world's advanced technology, the Company
actively carries out independent innovation. After years of development, the product pedigree and technical
system are becoming increasingly complete; Including rotary vane compressor, swash plate fixed-displacement
and variable-displacement and electric compressor with complete intellectual property rights, forming five
product platforms of "rotary vane iron/aluminum, piston fixed/variable-displacement and electric compressor";
The products cover 18CC to 480CC displacement.
Innovation platform construction: The Company has built a "1+3+1" scientific and technological innovation
platform (national post-doctoral workstation+Chongqing Enterprise Technology Center, Chongqing Automobile
Thermal Management System Engineering Technology Research Center, Chongqing Automobile Air
Conditioning Compressor Key Laboratory+Chongqing Jiulongpo Innovation Center), which provides a strong
platform support for the transformation and upgrading of automobile thermal management products, the
development of applied basic research and innovative research on key technologies, the cultivation of scientific
and technological talents, and technological industrialization. The Company has established a Industry-University-
Research platform with China Automotive Engineering Research Institute, Shanghai Jiaotong University and
Chongqing Jiaotong University, mainly to study the working mechanism of compressors and noise optimization of
compressors, and to tackle key technical bottlenecks.
R&D capacity building: The Company has the largest and most functional experimental testing center for
automotive air-conditioning compressors in Southwest China. It has imported more than 50 sets of advanced
equipment for reliability test, system test, performance test and NVH test from abroad, with a value of more than
RMB 50 million, and has strong basic research capabilities, product development and design capabilities,
9
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
simulation and analysis capabilities and trial production and processing capabilities. In recent years, 12 major new
products in Chongqing have been approved, more than 20 provincial and ministerial level science and technology
awards have been won, and more than 200 patents have been applied for, including more than 40 invention
patents.
Manufacturing capacity building: it has the domestic first-class high-precision parts manufacturing base and
Chongqing municipal digital workshop. It possesses more than 40 parts machining production lines, more than
260 sets high-precision and high-quality processing equipment, and 9 product assembly lines. The equipment is
with a total value of more than RMB 650 million, and more than 80% of which are imported from Japan, the
United States, Germany, Switzerland, South Korea and other countries. The machining and assembly accuracy are
all micron-level, and MARPOSS online detection is widely used, so its machining accuracy and assembly
automation degree are at the leading level in China.
Quality capacity building: The Company always adheres to the tenet of "Quality first, customer oriented", and
is committed to running quality work through all aspects of the Company, and constantly improving product
quality, service quality and quality-price ratio. The Company has always continuously improved its management
ability, actively assumed social responsibilities, passed the IATF 16949 certified by DNV, an international
authoritative certification body, as well as OHSAS18001 and ISO14001 management system certification,
connected with international manufacturers, and introduced the general QSB+ quality management system, Ford
Q1 system, Changan QCA system and Nissan GK site management concept to continuously improve its
management level.
Talent team building: The Company has 118 scientific and technical personnel, including 458 R&D personnel
among 10,000 employees, of which 80% have bachelor degree or above, and 11% have senior professional titles.
The Company has established an academic committee of key laboratories, set up 4 company-level scientific and
technological innovation teams, including basic research and experimental technology research of air-
conditioning compressors, A total of 5 high-end talents have been introduced for the fields of new energy
vehicle heat pump system, electric compressor and electronic control, motorcycle EFI system, etc.
and 9 doctors in the national postdoctoral workstation.
III. Main business analysis
Refer to relevant contents of “1.Summarization” in “Discussion and Analysis of Management”.
Changes in the financial data
In RMB
YOY
Same period last
This report period change Cause change
year
（%）
Operating income 239,131,462.84 456,964,429.02 -47.67% Due to a decrease in sales
Operating cost 225,259,680.42 399,274,067.43 -43.58% Due to a decrease in sales.
Mainly due to the decrease
Sale expenses 6,906,460.34 10,384,056.14 -33.49% in the cost of the Three
Guarantees.
Mainly due to
Administrative expenses 14,591,203.14 33,501,329.26 -56.45%
reclassification adjustment.
Due to a decrease in
Financial expenses 8,416,860.65 13,677,232.04 -38.46%
financing.
Income tax expenses -174,346.34 -1,279,343.82 -86.37% Settlement and Payment of
10
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Annual Enterprise Income
Tax
Mainly due to
R & D Investment 14,748,476.51 8,173,694.94 80.44%
reclassification adjustment
Cash flow generated by Increased sales of cash-
31,389,232.50 21,754,020.41 44.29%
business operation, net settled customers
Net cash flow generated by Collections by dispose of
140,065,136.54 -1,583,237.10 -8,946.76%
investment 106 plant.
Net cash flow generated by Repayment of financial
-130,321,112.03 -42,103,206.93 209.53%
financing liabilities
Net increasing of cash and Due to the combined
41,133,257.01 -21,942,375.49 -287.46%
cash equivalents impact of the above all
Major changes in profit composition or sources during the report period
□ Applicable √ Not applicable
The profit composition or sources of the Company have remained largely unchanged during the report period.
Component of Business Income
In RMB
This report period Same period last year Increase
Proportion Amount Amount Proportion /decrease
Total operating
239,131,462.84 100% 456,964,429.02 100% -47.67%
revenue
On Industry
Industry 239,131,462.84 100.00% 456,964,429.02 100.00% -47.67%
On products
Vehicle air
200,079,169.01 83.67% 390,966,742.63 85.56% -48.82%
conditioner
Other 39,052,293.83 16.33% 65,997,686.39 14.44% -40.83%
On Area
Domestic 161,984,819.14 67.74% 277,820,416.05 60.80% -41.69%
Overseas 77,146,643.70 32.26% 179,144,012.97 39.20% -56.94%
Situation of Industry, Product and District Occupying the Company’s Business Income and Operating Profit
with Profit over 10%
√ Applicable □Not applicable
In RMB
Increase/decr
Increase/decr Increase/decr
ease of gross
ease of ease of
profit rate
Gross revenue in business cost
over the
Turnover Operation cost profit the same over the
same period
rate(%) period of the same period
of the
previous of previous
previous year
year(%) year (%)
(%)
On Industry
Industry 239,131,462.84 225,259,680.42 5.80% -47.67% -43.58% -6.82%
On products
11
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Vehicle air
200,079,169.01 186,256,783.39 6.91% -48.82% -46.09% -4.72%
conditioner
Other 39,052,293.83 39,002,897.03 0.13% -40.83% -27.48% -18.38%
On Area
Domestic 161,984,819.14 151,726,868.91 6.33% -41.69% -35.98% -8.36%
Overseas 77,146,643.70 73,532,811.51 4.68% -56.94% -54.68% -4.74%
Under circumstances of adjustment in reporting period for statistic scope of main business data, adjusted main
business based on latest on year’s scope of period-end.
□ Applicable √Not applicable
Explanation for a year-on –year change of over 30%
□ Applicable √ Not applicable
IV. Non-core business analysis
√ Applicable □Not applicable
In RMB
Ratio to the total
Amount Notes of the causes Recurring or not
profit amount (%)
Mainly due to the
Company's joint
Investment income 4,372,958.10 33.05% venture Construction Yes
Hanon’s investment
income composition
Non-operating
135,599.04 1.02% No
income
Non-operating
2,505.21 0.02% No
expenses
Mainly due to the
Income from asset
39,860,952.30 301.26% income from the No
disposal
transfer of assets such
as the 106 workshop.
Credit impairment los 715,809.13 5.41% No
V. Analysis of assets and liabilities
1.Significant changes in asset composition
In RMB
End of Reporting period End of same period of last year Reason
Chang
As a for
As a percentage e in
percentage of signific
Amount of total Amount percent
total ant
assets(%) age(%)
assets(%) change
Monetary
106,571,780.20 12.21% 91,678,523.19 8.80% 3.41%
fund
Accounts
96,751,451.66 11.09% 149,333,285.64 14.34% -3.25%
receivable
12
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Inventories 174,972,117.90 20.05% 206,719,605.79 19.85% 0.20%
Long-term
equity 206,357,226.82 23.65% 201,984,268.72 19.40% 4.25%
investment
Fixed assets 212,230,661.91 24.32% 216,541,481.98 20.79% 3.53%
Construction
1,828,183.90 0.21% 1,811,125.46 0.17% 0.04%
in process
Short-term
473,903,500.00 54.31% 493,460,000.00 47.39% 6.92%
loans
Contract
3,991,193.62 0.46% 2,868,604.98 0.28% 0.18%
liabilities
2. Major overseas assets
□ Applicable √ Not applicable
3.Asset and Liabilities Measured by Fair Value
□ Applicable √ Not applicable
4. Restricted asset rights as of the end of this Reporting Period
The ending balance of monetary funds is RMB 41.70 million, which is the bank acceptance bill deposit
and time deposit, and is fund with restricted use.
VI. Analysis on investment Status
1. General
√ Applicable □ Not applicable
Investments made in the Reporting Investments made in the prior year
Increase/Decrease(%)
Period（Yuan） (Yuan)
3,983,058.33 2,591,304.00 53.71%
13
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
2.Condition of Acquiring Significant Share Right Investment during the Report Period
□ Applicable √ Not applicable
3.Situation of the Significant Non-equity Investment Undergoing in the Report Period
√ Applicable □ Not applicable
In RMB
Reasons
Accrued
Accrued for not
Actual
Industry Investmen Realized Reaching
Investmen
Fixed involved t amount Income the
Project Investmen t Amount Capital Project Anticipate Disclosur Disclosur
investmen in in this up to the Planned e date e Index
name t method up to the Source schedule d income
ts or not investmen reporting End of Schedule
End of
t projects period Reporting and
Reporting
Period Anticipate
Period
d Income
Constructi
on project Equipmen See on
of Automoti t www.cnin
dynamic ve air tendering fo.com.cn
and static condition has been company
8,072,210.3 January
disk Self-built Yes er 985,210.33 Self funds 100.00% 0.00 0.00 completed announce
3 19,2021
productio compress and main ment on
n line of or equipmen Announce
electric industry t has ment No.
compress arrived 2021-001
or
36CC Automoti Equipmen See on
August
scroll Self-built Yes ve air 556,000.00 681,000.00 Self funds 3.66% 0.00 0.00 t www.cnin
28,2021
electric condition tendering fo.com.cn
14
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
compress er has company
or compress completed announce
assembly or and ment on
line industry productio Announce
constructi n line ment No.
on project contract 2021-049
has been
concluded
Equipmen See on
Electric
Automoti t www.cnin
compress
ve air tendering fo.com.cn
or
condition has company
experime 1,227,000.0 August
Self-built Yes er 0.00 Self funds 16.00% 0.00 0.00 completed announce
nt ability 0 28,2021
compress and ment on
improvem
or contract Announce
ent
industry has been ment No.
project
concluded 2021-049
1,541,210.3 9,980,210.3
Total -- -- -- -- -- 0.00 0.00 -- -- --
3 3
15
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
4.Investment of Financial Asset
（1）Securities investment
□ Applicable √ Not applicable
No such cases in the Reporting Period
（2）Investment in Derivatives
□ Applicable √ Not applicable
No such cases in the Reporting Period
5.Application of the raised capital
□ Applicable √ Not applicable
No such cases in the Reporting Period
16
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
VII. Sales of major assets and equity
1. Sales of major assets
√ Applicable □ Not applicable
In RMB
Whether
it is
Net
impleme
profit
nted as
contribu Percenta
planned
ted by ge of the
Whether or not, if
the asset net Related Whether
the it is not
to the profit relations all the
property impleme
listed Impact contribu hip with creditor’
rights of nted as
compan of the ted by Asset Whether counterp s rights
方 Transact the planned,
Assets y from sale on the asset Sale it is a arty and
Sale ion price assets the Disclosu Disclosu
Counter being the the sale to Pricing related (applica debts
date (’0000 involved reasons re date re Index
party sold beginnin Compan the total Principl party ble to involved
yuan) have and the
g of the y (Note net e transacti related have
been measure
current 3) profit of on party been
fully s the
period the transacti transferr
transferr Compan
to the listed ons) ed
ed y has
date of compan
taken
sale y
should
(’0000
be
yuan)
explaine
d
In order See
Building
to details
s, land
revitaliz in the
use
e idle Controll compan
rights The Implem
Jianshe February assets ed by February y’s
and 15,288 3,902 291.00% assessed Yes Yes Yes ented as
Industry 15,2022 and the same 19,2022 announc
machine value planned
improve party ement
ry and
the publishe
equipme
efficienc d on
nt
y of securitie
17
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
asset s times,
operatio Hongko
n, the ng
compan Commer
y cial
impleme daily
nted and
asset http//w
transfer, ww.cnin
and the fo.com.c
funds n
obtained (Annou
are ncement
planned No.:202
to be 2-015)
used to
repay
part of
the debt,
as well
as to
strength
en the
Compan
y's
manufac
turing
capacity
building
and
R&D
capacity
building
.
2.Sales of major equity
□ Applicable √ Not applicable
18
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
VIII. Analysis of the Main Share Holding Companies and Share Participating Companies
√ Applicable □ Not applicable
Situation of Main Subsidiaries and the Joint-stock Company with over 10% net profit influencing to the Company
In RMB
Company Main Registere Total Operating
Type Net assets Turnover Net Profit
name business d capital assets profit
Manufact
uring and
Air - -
Subsidiar sales of 792,822,68 236,957,50 200,079,16
Condition 160000000 23,866,572. 23,865,853.
ies auto air- 3.26 2.25 9.01
er Co. 39 63
conditione
rs
Productio
n and
Pingshan sales of USD 10 94,795,107. 84,718,229. 34,033,787. 7,382,716.0 7,380,210.8
Subsidiar
Taikai motorcycl million 41 20 80 8 7
ies
es and
parts
Productio
n and
sales of
Sharehol Automobi
Jianshe 554,811,52 409,597,73 128,244,90 8,897,935.7 8,745,916.1
ding le 420000000
HANON 8.30 4.84 9.13 9 9
company Thermal
Energy
Managem
ent system
Acquirement and disposal of subsidiaries in the Reporting period
□ Applicable √ Not applicable
Description of the main holding and participating companies
The wholly-owned subsidiary Construction Air Conditioning is mainly engaged in the production and sales
of fixed displacement compressors for vehicle air conditioners. In the first half of the year, 582,300 automotive
air-conditioning compressors were sold, a YOY decrease of 47.42%. It achieved the operating income of 200.08
million yuan, a YOY decrease of 51.02%. The net profit was -23.87 million yuan, a YOY decrease of 24.75
million yuan. The sharp drop in net profit was due to the decline in sales in the current period.
Pingshan Taikai, a wholly-owned subsidiary, is mainly engaged in the production and sales of carburetors
and parts for engines. In the first half of the year, it sold 170,000 carburetors, 160,000 setsEFI and components,
and 330,000 auto parts, up 11%, 33% and 265%respectively compared with the same period of the previous year,
and it achieved the operating income of 34.03 million yuan, a YOY increase of 19%, with a net profit of 7.38
million yuan-a YOY increase of 6.72 million yuan. The substantial increase in net profit was due to the write-off
of dismissal benefits accrued in previous years
The joint venture Construction Hanon is mainly engaged in the production and sales of variable displacement
compressors. In the first half of the year, 245,500 units of variable displacement compressors were sold; a YOY
decrease of 13.44%, and it achieved the operating income of 128.24 million yuan, a YOY decrease of 16.12%, and
realized the net profit of 8.75 million yuan, a YOY decrease of 7.31%.
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
IX．Structured vehicle controlled by the Company
□ Applicable √ Not applicable
X. Risks facing the Company and countermeasures
Problems or risks faced: First, the automotive air-conditioning compressor industry is facing the dilemma of
high technical thresholds, large investment and many technical routes for the transformation of the new four
modernizations, rapid iteration of compressor products, rising raw material prices, tightening payment terms for
OEMs, and supply chain safety and other factors,which poses certain risks to the Company, and the industry
competition is further intensified; second, the Company's product scale efficiency is yet not high and the profit
margins are low; third, the new energy products have not yet formed in scale and are not competitive; fourth, the
key core technologies still need to be vigorously tackled, and the speed of product innovation needs to be further
accelerated; fifth, the structure of the talent team is not optimal, and there is a lack of high-end leading talents, yet
there is a long way to go to promote the high-quality development of the Company.
Measures taken: First, accelerate the high-quality development of the industry and focus on improving
economies of scale. Insist on consolidating the traditional basis, dig deep into the current market for increment,
and ensure the steady progress for fixed-displacement compressors; make full use of the "Construction " brand
image, market reputation, and customer resources to increase the market share of new energy. The second is to
accelerate scientific and technological innovation and focus on improving development capabilities. Give full play
to the role of innovation platforms such as enterprise technology centers, key laboratories, and engineering
technology research centers, continuously improve basic technology research, experimental testing technology
research, engineering technology, market application technology and other capabilities, and actively promote
cooperation with universities and enterprises , do well in key products and technological innovation. The third is
to deepen the action of improving the quality of economic operation, technical management, quality management,
lean management, and supply chain management, and focus on improving management efficiency.
20
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
IV. Corporate Governance
I. Annual General Meeting and Provisional Shareholders’ Meetings in the Reporting Period
1.Annual General Meeting
Investor
Convened Disclosure
Meeting Type participa Index to disclosed information
date date
tion ratio
Considered and approved: 1. Proposal on the 2022 investment plan; 2. Proposal on the
2022 financing plan of the wholly-owned subsidiary Chongqing Construction Vehicle Air
First
Provisional Conditioner Co., Ltd; 3. Proposal on the estimated routine related transactions in 2022;
Provisional
Shareholders February February
Shareholders’ 74.45%
’ general 25,2022 26,2022 4 .Proposal on the expected external guarantee in 2022; 5.Proposal on amending the "Articles
general meeting
meeting
of 2022 of Association of the Company"; 6.Proposal on amending the "Rules of Procedure of the
Board of Directors".
Considered and approved: 1. The work report of the board of directors in 2021 (the
Company's independent directors Li Jiaming, Xie Fei, Liu Wei, and Song Weiwei
respectively submitted the "2021 Work Report of Independent Directors" to the board of
Annual General Annual directors, and they reported their work at the 2021 annual general meeting.); 2. The work
May May
Meeting of General 74.45%
27,2022 28,2022 report of the board of supervisors in 2021; 3. Full text and abstract of the 2021 annual report;
2021 Meeting
4. The 2021 profit distribution plan; 5. The proposal on the renewal of the financial audit
institution and the internal control audit institutionfor 2022; 6. The proposal on the related
transaction namely accepting financial services.
21
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
2. Preferred shareholders with the restoration of voting rights made a request for the Special Meeting of Shareholders
□ Applicable √ Not applicable
II. Change in shares held by directors, supervisors and senior executives
√ Applicable □Not applicable
Name Positions Types Date Reason
Deputy General Due to job change, no longer serves as the deputy general manager of the
Yu Wenbiao Dismiss May 23,2022
Manager Company. Hired as a senior consultant by the Company.
Due to work adjustment, applied for the resignation as a director of the ninth
Zhou Yongqiang Director Leave office June 24,2022 session of the board of directors and a member of the strategy committee of the
board of directors.
Deputy General
Zhou Yongqiang Appointed June 26,2022 Appointed as deputy general manager by the board of directors of the Company
Manager
22
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
III. Pre-plan for profit allocation and turning capital reserve into share capital for the reporting period
□ Applicable √ Not applicable
The Company planned not to distribute cash dividend and bonus share, and not to convert capital reserves into
share capital in half year.
IV. Implementation of any equity incentive plan, employee stock ownership plan or other incentive
measures for employees
□ Applicable √ Not applicable
The Company has no equity incentive plan, employee stock ownership plans or other employee incentives in
Period.
23
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
V. Environmental & Social Responsibility
I. Significant environmental issues
Whether the Company or any of its subsidiaries is identified as a key polluter by the environment authorities
√ Yes □No
Excess
Compan Emissi Implemente ive
Main pollutant Emission port Emission Verified total
y or on port d pollutant Total emission emissi
and specific Emission way distribution concentration emission(Ton
subsidia numbe emission on
pollutant name condition s)
ry name r standards conditi
on
Main pollutants Indirect Simplified Simplified No
of wastewater: discharge: it is management of management
COD, ammonia discharged into pollutant of pollutant
COD：115mg/L；
nitrogen, total Zhongliangshan Grade III discharge discharge
petroleum：
phosphorus, PH sewage treatment Standard of permits, no permits, no
0.16mg/L；ammonia
particular plant after the total amount total amount
Jianshe Total wastewater nitrogen：
pollutants: reaching the 1 Integrated required required
Vehicle discharge outlet 8.12mg/L；total
Petroleum Grade III Wastewater
phosphorus：
category standard of the Discharge
1.37mg/L；PH：7.5-
Integrated Standard
7.6
Wastewater
Discharge
Standard
Waste gas: Main Limit value Simplified Simplified No
pollutants: sO Direct emission: of main management of management
2， nitrogen The treatment urban area pollutant of pollutant
Nitrogen oxide：
oxides, meets the of the discharge discharge
Jianshe Exhaust gas outlet 56mg/m3；particulate
particulate Integrated 1 Integrated permits, no permits, no
Vehicle ofmelting furnace matter：5.9mg/m3；
matter; Emission Emission total amount total amount
sO 2：3mg/m3
characteristic Standard of Air Standard of required required
pollutants:None Pollutants Air
Pollutants
Main pollutants Indirect COD：98mg/L Grade III Simplified Simplified No
Vehicle of wastewater: discharge: it is petroleum：0.33mg/L Standard of management of management
air COD, ammonia discharged into Total wastewater ammonia nitrogen： the pollutant of pollutant
1
conditio nitrogen, total Zhongliangshan discharge outlet 9.5mg/L total Integrated discharge discharge
ner phosphorus, PH sewage treatment phosphorus： Wastewater permits, no permits, no
particular plant after 3.02mg/LPH：7.4-7.6 Discharge total amount total amount
24
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
pollutants: total reaching the total zinc： Standard required required
zinc Grade III 0.0124mg/L
standard of the
Integrated
Wastewater
Discharge
Standard
Outlet of Simplified Simplified No
phosphating management of management
Waste gas: Main production line 1, Limit value pollutant of pollutant
pollutants: Direct emission: outlet of of main discharge discharge
nitrogen oxides, The treatment phosphating urban area permits, no permits, no
Vehicle
particulate meets the production line 2, Nitrogen oxide： of the total amount total amount
air
matter; Integrated 6 outlet of tin plating 3mg/m3，particulate Integrated required required
conditio
characteristic Emission production line, matter：9.3mg/m3 Emission
ner
pollutants: Standard of Air surface treatment Standard of
hydrogen Pollutants line, outlet of shot Air
chloride, xylene peening workshop Pollutants
and outlet of PTFE
production line
Implement
Implement
registration
Direct discharge: registration for
Main pollutants for filing, fill
it reaches the filing, fill in the
of wastewater: PH：8.16-8.21； in the
first-class pollutant
PH, COD, COD：79；BOD5： Grade I pollutant
standard of discharge
BOD5, 16.4；Suspended standard of discharge
Integrated registration
Pingshan suspended solids, Total waste water matter:14； Integrated registration
Wastewater 1 form, do not No
Taikai petroleum, outlet Petroleum:0.31mg/L Wastewater form, do not
Discharge need to apply
animal and ；Petroleum:0.54 Discharge need to apply
Standard after for a pollutant
vegetable oils, mg/L；Ammonia Standard for a pollutant
treatment and is discharge
ammonia nitrogen:7.64mg/L discharge
discharged into permit, with
nitrogen. permit, with
Huangxi River. total amount
total amount
not required
not required
Main pollutants: Direct discharge: Nitrogen oxide:3L， Limits on Implement Implement
nitrogen oxides, it meets the particulate Main Urban registration for registration
Pingshan Exhaust port of die
sulfur dioxide Integrated 1 matter:9.6mg/m3，SO Area in filing, fill in the for filing, fill No
Taikai casting machine
and particulate Atmospheric 2：3L；The data Comprehens pollutant in the
matter. Discharge with "L" indicates ive discharge pollutant
25
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Standard after that the Atmospheri registration discharge
treatment concentration of the c Emission form, do not registration
pollutant is lower Standard need to apply form, do not
than the method for a pollutant need to apply
detection limit, and discharge for a pollutant
the detection limit is permit, with discharge
3 mg/m3. total amount permit, with
not required total amount
not required
Prevention and control of pollution facilities construction and operation
Wastewater: The Company and its subsidiary vehicle air-conditioning company and Pingshan Taikai Company have respectively built a wastewater treatment station.
The wastewater station is operating steadily, equipment maintenance is carried out regularly, and the treatment effect is good, and the discharge of pollutants from the
total discharge outlet of the wastewater has continued and steadily reached the standard.
Exhaust gas: the acid mist produced by phosphating, tinning and surface treatment is absorbed by the spray tower to reach the standard. The exhaust gas at the outlet
of the shot blasting workshop is washed and filtered with the particle absorption device to reach the standard. The exhaust gas of the PTFE production line is
equipped with activated carbon adsorption + light Catalytic oxidation treatment to reach the standard. The melting furnace uses the clean energy-natural gas, which
reaches the standard at directly discharge. The pollution control facilities are operating well and the operation records are complete.
Conditions of environmental impact assessment and other environmental protection administrative licensing of construction projects
Three synchronizations for construction projects shall be conducted as required to obtain acceptance approval, and pollution discharge permits shall be applied in
accordance with regulations.
The Company headquarter sewage permit registration number: 915000007474824231001X
Permit number for Simplified management of air-conditioning pollutant discharge permit for subsidiary-Construction Conditioning:
9150000075925214XL001R
The sewage registration number filled in by Subsidiary Pingshan Taikai: 91500113621907422C001X
Emergency plan for emergency environmental incidents
In order to establish a sound emergency response mechanism for environmental pollution incidents, improve the Company’s ability to respond to sudden
environmental pollution incidents involving public crises, prevent environmental emergencies from polluting the public environment (atmosphere and water),
maintain social stability, protect the life, health and property safety of enterprises and the surrounding public, protect the environment, and to promote the
comprehensive, coordinated and sustainable development of society, the Company and its wholly-owned subsidiary vehicle air-conditioning company have prepared
the "Emergency Plan for Emergent Environmental Incidents", which has been reviewed and approved by experts and thus it’s been implemented.
Record number for the Company headquarter environmental risk assessment report and emergency plan for environmental emergencies: 5001132021120005
26
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Record number for Construction Conditioning environmental risk assessment report and emergency plan for environmental emergencies: 5001072021060004
27
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Pingshan Taikai Environmental Risk Assessment Report Record Number: 5001132021090005
Pingshan Taikai emergency plan for environmental emergencies record number: 500113-2021-054-L
Environmental self-monitoring program
The Environmental Protection Administration Department does not require the Company to carry out self-
monitoring, and entrusts the qualified Chongqing Yujiu Environmental Protection Industry Co., Ltd. to monitor
the wastewater, organized waste gas, unorganized waste gas and noise discharged by the Company and its wholly-
owned subsidiary Vehicle Air Conditioning Company on a yearly basis;
According to the "Monitoring Report" (No. WT572[2022]Yujiu (Jian) Zi) issued by Chongqing Yujiu
Environmental Protection Industry Co., Ltd for the company headquarter on March 31, 2022and the (No.
WT1833[2022]Yujiu (Jian) Zi)"Monitoring Report" issued on June 20, 2022 Report; theChongqing Yujiu
Environmental Protection Industry Co., Ltd’sissued reports of "Monitoring Report" of (No. WT571[2022]Yujiu
(Jian) Zi )issued on March 31, 2022 and the(No. WT1832[2022]Yujiu (Jian) Zi )issued on June 15, 2022 for
Construction Air Conditioning,and theChongqing Yujiu’s issued reports of "Monitoring Report"( No.
WT1277[2022]Yujiu (Jian) Zi) issued on April 18, 2022 and the Monitoring Report (No. WT1840[2022]Yujiu
(Jian) Zi ) issued on June 15, 2022 for Pingshan Taikai , the results showed that the discharge of waste water,
organized waste gas, unorganized waste gas and noise bythe Company and its wholly-owned subsidiaries
Construction Air Conditioning and Pingshan Taikaiall all met the relevant emission standards.
Administrative penalties for environmental problems during the reporting period
Impact on the
production and Company's
Company or Reason of Violation of Punishment
operation of rectification
subsidiary name punishment regulations result
listed measures
companies
Not No violation and Not
Jianshe Vehicle Not applicable Not applicable
applicable punishment applicable
Vehicle air Not No violation and Not
Not applicable Not applicable
conditioner applicable punishment applicable
Chongqing Pingshan
Not No violation and Not
Taikai Carburetor Not applicable Not applicable
applicable punishment applicable
Co., Ltd
Other environmental information that should be disclosed
For environmental disclosure information, please refer to the Company's extranet http://www.jianshe.com.cn.
Measures and effects taken to reduce its carbon emissions during the reporting period
√ Applicable □ Not applicable
First, vigorously develop the thermal management industry of new energy vehicles, and realize large-scale market
sales of new energy electric compressor products. Second, vigorously develop the green low-carbon parts industry,
adapt to the requirements of emission upgrading, and actively develop and cultivate the low-carbon
competitiveness of new products. Third, strengthen the green design of products, implement the green design
through the whole life cycle of products, strengthen the tracking of carbon footprint of products, select green low-
carbon materials and green low-carbon suppliers, and adopt modular and detachable design, and green recycling
packaging. Fourth, strengthen the low-carbon manufacturing of products, carry out low-carbon technological
reform, integrate or simplify processes, tap potential opportunities for carbon reduction, and carry out upgrading
of equipment in terms of information, automation, digitalization and intelligence. Fifth, adjust the energy
consumption structure, continuously increase the proportion of electric energy use through the electrification
transformation of equipment, promote the transformation of equipment and facilities and process optimization,
28
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
and reduce carbon dioxide emissions per unit output. Sixth, scientifically arrange production plans, carry out
energy conservation monitoring and energy design, and take energy evaluation as one of KPI indicators for
control.
Other Environmental Related Information
See the foregoing for details.
II. Social responsibilities
In the first half of the year, the Company actively participated in poverty alleviation activities by
consumption of unsalable agricultural and sideline products in Yanshan County, Yunnan, and purchased 10,000
yuan of unsalable agricultural and sideline products. In cooperation with Huafu Community, Zhongliangshan
Street, Jiulongpo District, Chongqing City, we launched the "Warm Sunshine and Go Along with Love" volunteer
service activity to care for children in distress, and offered condolences to more than 40 children who were
impoverished due to illness or disability, aided 5,000 yuan. The Company actively promoted employment and
poverty alleviation, participated in 4 on-site and online double selection meetings, received more than 100
resumes, interviewed more than 30 people by WeChat video and other methods, and hired 10 people.
VI. Important Events
I. The fulfilled commitments in the reporting period and under-fulfillment commitments by the end of the
reporting period made by the company, shareholder, actual controller, acquirer, director, supervisor,
senior management personnel and other related parities.
□ Applicable √Not applicable
There is no commitment that has not been fulfilled by actual controller, shareholders, related parties, acquirers of
the Company
II. Particulars about the non-operating occupation of funds by the controlling shareholder
□ Applicable √ Not applicable
No non-operational fund occupation from controlling shareholders and its related party in period
III. Illegal provision of guarantees for external parties
□ Applicable √ Not applicable
No such cases in the reporting period.
29
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
IV. Engagement and disengagement of CPAs firm
Whether the semi-annual financial report has been audited
□ Yes √ No
The semi-annual financial report of the Company has not been audited
V. Notes for “non-standard audit report” of CPAs firm during the Reporting Period by board of directors
and supervisory board
□ Applicable √ Not applicable
VI. Notes for the related information of “non-standard audit reports” last year by board of directors
□ Applicable √ Not applicable
VII. Bankruptcy and restructuring
□ Applicable √ Not applicable
No such cases in the reporting period.
30
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
VIII. Litigations and arbitrations
Significant lawsuits or arbitrations
√ Applicable □Not applicable
Involved
amount Provisio Decisions and Execution of Disclos Index to disclosed
General information Progress
(’0000 n effects decisions ure date information
yuan)
In 2020, 947
compressors had
been implemented
to return, yet the
Chongqing HYOSOW have failed to pay Vehicle Air case is still being See details in the
Conditioning Company, a full-owned subsidiary of the
company’s
Company for the air conditioner compressors. The Vehicle implemented.
announcement
Air Conditioning Company filed a lawsuit with Chongqing
Currently, the published on
Yubei District People's Court in November 2018, who held a
The Company securities times,
hearing on July 11, 2019. The Company received the "Civil enforcement cases August
The trial has fully Hongkong
Judgment of Chongqing Yubei District People's Court" on 1,232.5 No 16,
ends accrued bad Commercial daily
August 6, 2019 ((2018) Y0112 MC, No. 24010), where the concerning the 2019
debts in 2018. and
"General Rules for Purchase of Parts and Materials" signed
defendant are http//www.cninfo.
by the Company and Chongqing HYOSOW was cancelled.
com.cn
Chongqing HYOSOW returned 4,017 sets of goods to the uniformly (Announcement
Vehicle Air Conditioning Company, and paid 12,325,044.85
No.:2019-070)
yuan and loss of capital occupation. transferred to the
jurisdiction of the
court where the
defendant is
located.
The Company’s wholly-owned subsidiary- Automotive Air Min Chu The Company
In March 2021, it April www.cninfo.com.
Conditioning Company-sued in the People’s Court of No. 3234- has fully
154.32 No applied for 30,202 cn.Announcement
Xiangyang High-tech Zone for a dispute over the sale and (2019) E accrued bad
compulsory 1 No.:2021-017
purchase contract, demanding that Hubei Meiyang 0691 debts of
31
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Automobile Industry Co., Ltd pay 1,408,800 yuan in arrears 1.4088 execution,，260
and return 260 compressors. According to the civil judgment million in compressors have
of the Min Chu No. 3234-(2019) E 0691 on November 19, 2020 been recovered,
2020, the defendant shall pay the air-conditioning company
1,408,800 yuan for goods and interest losses, and return 260
compressors.
Reached a
mediation
The Company filed a lawsuit to the court of Jiujiang
agreement Debt to the
Economic and Technological Development Zone in Jiangxi www.cninfo.com.
(No. Company 507,500 yuan April
Province due to the dispute over the sales contract, 138.06 N cn.Announcement
2197Min side unpaid 30,2022
demanding Jiangxi Zhicheng Automobile Co., Ltd and its No.:2022-024
Chu0491 confirmed
Jingdezhen branch to pay 1,380,600 yuan for the goods.
Gan(2021)
)
Other litigation matters
√ Applicable □Not applicable
Whether
Amount to form Litigation Litigation
involved estimate Litigation (Arbitration) (Arbitration) (Arbitration Disclos Index to disclosed
Litigation (Arbitration) Basic Information
(’0000 d Progress Trial Results and ) Judgment ure date information
yuan) liabilitie Impact Execution
s
The Company's wholly-owned subsidiary,
Vehicle Air Conditioning Company, filed a
lawsuit inChongqing No. 5 Intermediate Filed case number No.
People's Court against Ran Ping, Luo 305Min Chu05Su(2021)
Fangqing, Zhang Ye, Changzhou Kangpurui by Suzhou Intermediate
Automobile Air Conditioning Co., Ltd, People's Court; four www.cninfo.com.
Held hearing on April
Chongqing Yuxian Sanji Auto Parts Co., Ltd, 100 No hearings have been cn.Announcement
April 8, 2021 Undecided 28,2020
and Chongqing Dongdian Refrigeration completed, and the court No.:2020-024
Equipment Co., Ltd for infringement of is currently presiding
technical secrets. After the Chongqing court over the supplementary
filed the case, it was transferred to the Suzhou appraisal.
Intermediate People's Court due to
jurisdictional issue.
The Company filed a lawsuit in the People's A mediation agreement After deducting Judgment www.cninfo.com.
April
Court of Shunqing District, Nanchong City due 5.11 No No. 1111Minchu1302 the Three has been cn.Announcement
30,2022
to the sales contract dispute, requesting Chuan(2022) has been Guarantees made No.:2022-024
32
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Sichuan Tianxi Automotive Air Conditioning reached claims, the
Co., Ltd to pay 51,100 yuan for the goods. defendant
shallpay 49,400
yuan in two
installments,
paying 20,000
yuan before July
30 and paying
the balance at the
end of the year
After the first and second
instance judgments, the
Received a
ruling rejected his claims
Liu Bi, a retiree of the Company, sued the second-instance www.cninfo.com.
(first instance No. April
Company for compensation of 189,100 yuan 18.91 No judgment in cn.Announcement
28344Min Chu0113Yu Closed 30,2022
due to a work-related injury dispute. June, dismissing No.:2022-024
(2021), second instance
its claims
No. 4081Min Zhong05Yu
(2022))
IX. Punishments and rectifications
□ Applicable √ Not applicable
No such cases in the Reporting Period.
X. Credit conditions of the Company as well as its controlling shareholder and actual controller
□ Applicable √ Not applicable
XI. Material related transactions
1. Related transactions in connection with daily operation
√ Applicable □Not applicable
Subjects of the Principle Price Amount Ratio Tradin Wheth Way of Marke Date of Index of
Related Relationshi
Type of trade related of of of in payme t price disclosur informati
parties p
transactions pricing trade trade(Te similar g limit er over nt of e on
33
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
the n trades simila disclosur
approv the
related thousand r trade e
transacti ) ed(’00 approv availa
ons ble
00 ed
yuan) limited
or not
(Y/N)
See
details in
the
company
’s
announce
ment
publishe
d on
securities
Purchase of
Under times,
Jianshe raw materials Market January
same Energy 200 40.61 6.18% 200 No Cash 200 Hongkon
Industry from the Price 22,2022
control g
Related person
Commer
cial daily
and
http//ww
w.cninfo.
com.cn
(Announ
cement
No.:2022
-006
China
Changan
Under Sale of finished January
Automob Market 16.44 Bill+C The same
same Sales of goods parts and 15000 3,824.25 15,000 No 15000 22,2022
ile Group Price % ash as above
control components
Co., Ltd.
And its
34
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
affiliated
Enterpris
es
Joint
Chongqi venture of Spare parts Market January The same
Sales of goods 1200 266.28 1.15% 1,200 No Cash 1200
ng Jianya controlling sales Price 22,2022 as above
shareholder
Joint
January
Zhuzhou venture of Spare parts Market The same
Sales of goods 40 0 0.00% 40 No Cash 40 22,2022
Jianya controlling sales Price as above
shareholder
South
Joint
Air
venture of Spare parts Market January The same
Internati Sales of goods 50 0 0.00% 50 No Cash 50
controlling sales Price 22,2022 as above
onal
shareholder
January
Jianshe Joint Market The same
Sales of goods Spare part sales 1000 85.33 0.37% 1,000 No Cash 1000 22,2022
HANON venture Price as above
Jianshe Sell products
Under
Mechani and Market January The same
same Energy 50 8.37 1.27% 50 No Cash 50
cal and commodities to Price 22,2022 as above
control
Electric related persons
January
Jianshe Joint Market 52.05 The same
Sales of goods Energy 1300 341.79 1,300 No Cash 1300 22,2022
HANON venture Price % as above
Under
Jianshe Market January The same
same Sales of goods Energy 50 62.29 9.49% 50 No Cash 50
Industry Price 22,2022 as above
control
Under January
Jianshe Market 54.13 The same
same Services Test fee 100 16.41 100 No Cash 100 22,2022
Industry Price % as above
control
Minshen
g
Joint
Logistric
venture of Market January The same
s And Services Services 400 86.87 0.36% 400 No Cash 400
controlling Price 22,2022 as above
its
shareholder
affiliated
Enterpris
35
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
e
Southwe
st
Ordnanc
e
Chongqi
ng Under January
Market The same
Institute same Services Services 200 73.15 0.32% 200 No Cash 200 22,2022
Price as above
of control
Environ
mental
Protectio
n Co.,
Ltd.
Changan
Automob
ile Group
Under
Co., Ltd. Accept Market Bill+C January The same
same Services 100 31.19 0.06% 100 No 100
And its maintenance Price ash 22,2022 as above
control
affiliated
Enterpris
es
Total -- -- 4,836.54 -- 19,690 -- -- -- -- --
Details of any sales return of a large amount None
The estimated total amount of "purchasing raw materials from related parties" is RMB 5.5
Give the actual situation in the report period where a forecast had been
million, and the actual amount incurred is RMB 4.061 million.
made for the total amounts of routine related-party transactions by type to
The estimated total amount of "selling products and commodities to related parties" is
occur in the current period(if any)
RMB 51.75 million, and the actual amount incurred is RMB 2.0762 million.
Reason for any significant difference between the transaction price and
Not applicable
the market reference price (if applicable)
2. Related-party transactions arising from asset acquisition or sold
□Applicable √ Not applicable
No such cases in the reporting period.
36
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
3. Related-party transitions with joint investments
□Applicable √ Not applicable
No such cases in the reporting period.
4. Credits and liabilities with related parties
√ Applicable □ Not applicable
Does there exist non-operating current associated rights of credit and liabilities
□ Yes √No
No such cases in the reporting period.
5. Transactions with related finance company, especially one that is controlled by the Company
√ Applicable □ Not applicable
Deposit business
37
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Related Relationshi Maximum Deposit Beginning The amount incurred
party p daily interest rate balance(’0
Total
deposit range 000 yuan) Total
amount Ending
limitd(’000 deposit
withdrawn balance(’0
0 yuan) amount of
in the 000 yuan)
the current
current
period(’00
period(’00
00 yuan)
00 yuan)
Military Under
Finance same 30,000 0.46% 6,708.42 9,997.57
Company control
Loan business
Related Relationshi Beginning The amount incurred
party p balance(’0
Total
Loan Loant 000 yuan) Total loan Ending
repayment
limit(’0000 interest rate amount for balance(’0
amount of
yuan) range the current 000 yuan)
this
period(’00
period(’00
00 yuan)
00 yuan)
Military Under
3.915%-
Finance same 45,000 27,325 14,151 8,596 32,880
4.35%
Company control
Credit extension or other financial services
Related party Relationship Business type Total amount(’0000 Actual amount
yuan) incurred(’0000
yuan)
Military Finance
Under same control Credit 45,000 34,410
Company
6. Transactions with related finance company controlled by the Company
□ Applicable √ Not applicable
No such cases in the reporting period.
7. Other significant related-party transactions
√ Applicable □ Not applicable
In order to revitalize idle assets and improve the efficiency of asset operation, the Company publicly listed to
transfer the Company's 106 workshop, the corresponding land use rights and the related ancillary machinery and
equipment through the Chongqing United Assets and Equity Exchange. This asset transfer project was listed on
the Chongqing United Assets and Equity Exchange for three rounds from November 2, 2021 to February 9, 2022,
and was finally transferred to the Company's related party-Construction Industry. On February 15, 2022, the two
parties signed the "Asset transaction contract for Chongqing Construction Automobile System Co., Ltd.'s overall
transfer project of housing, land use rights, above-ground structures, and waste equipment", confirmed that the
transfer price was the public listing price of 152.88 million yuan. On April 25, 2022, the two parties completed the
delivery of all transfer assets. After the completion of this transaction, the income from asset disposal increased by
RMB 39.02 million (it’s a non-recurring profit and loss item).
The website to disclose the interim announcements on significant related-party transactions
38
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Total amoun
Date of disclosing Description of the website for disclosing
Description of provisional announcement
provisional announcement provisional announcements
thousand yu
See details in the company’s
announcement published on
Announcement of Resolutions of the 8th Meeting of the securities times, Hongkong
August 28,2021
Ninth Board of Directors Commercial daily and
http//www.cninfo.com.cn .Announ
cement No.:2021-043
Announcement on Transfer of Plant and
August 28,2021 Announcement No.:2021-048
Land Assets
Announcement of Resolutions of the 9th Meeting of the
October 11,2021 Announcement No.:2021-062
Ninth Board of Directors
Announcement on the public listing for transfer
October 11,2021 Announcement No.:2021-054
of plant and land assets
Asset evaluation report of 106 workshop and
land use right real estate project planned to
October 11,2021 Announcement No.:2021-057
disposal by Chongqing Construction Automobile
System Co., Ltd.
Asset evaluation report of the project for 66
(sets) of equipment planned to disposal by October 11,2021 Announcement No.:2021-058
Chongqing Jianshe Automobile System Co., Ltd
Asset evaluation Instruction of 106 workshop
and land use right real estate project planned to
October 11,2021 Announcement No.:2021-059
disposal by Chongqing Jianshe Automobile
System Co., Ltd.
Asset evaluation Instruction of the project for 66
(sets) of equipment planned to disposal by
October 11,2021 公 Announcement No.:2021-060
Chongqing Construction Automobile System
Co., Ltd
Announcement of the resolution of the second
extraordinary general meeting of shareholders in October 11,2021 Announcement No.:2021-062
2021
Announcement of Resolutions of the 11th
December 6,2021 Announcement No.:2021-068
Meeting of the Ninth Board of Directors
Announcement of Resolutions of the 12th
January 10,2022 Announcement No.:2022-001
Meeting of the Ninth Board of Directors
Progress Announcement on the public listing for
February 19,2022 Announcement No.:2022-015
transfer of plant and land assets
Progress Announcement on the public listing for
February 24,2022 Announcement No.:2022-016
transfer of plant and land assets
Progress Announcement on the public listing for
May 11,2022 Announcement No.:2022-050
transfer of plant and land assets
XII. Significant contracts and execution
1.Entrustments, contracting and leasing
（1）Entrustment
□Applicable √ Not applicable
No such cases in the reporting period.
39
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
（2）Contracting
□Applicable √ Not applicable
No such cases in the reporting period.
（3）Leasing
□Applicable √ Not applicable
No such cases in the reporting period.
2.Significant Guarantees
√ Applicable □ Not applicable
In RMB10,000
40
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
万元
Guarantee of the Company for the controlling subsidiaries (Exclude controlled subsidiaries)
Guarante
Relevant Compl e
Date of
disclosure Guarant Counter- ete for
Name of happening Actual Guaran
date/No. of Amount of Guarantee implem associate
the (Date of mount of y（If guarantee tee
the Guarantee type entatio d
Company signing guarantee any） （If any） term
guaranteed n parties
agreement)
amount or not (Yes or
no)
Guarantee of the company for its subsidiaries
Guarante
Relevant Compl e
Date of
disclosure Guarant ete for
Name of happening Actual Counter- Guaran
date/No. of Amount of Guarantee guarantee implem associate
the (Date of mount of y（If tee
the Guarantee type entatio d
Company signing guarantee any） （If any） term
guaranteed n parties
agreement)
amount or not (Yes or
no)
Vehicle air Joint 12
January 19,2021 1,771 January 15,2021 1,771 Yes No
conditioner liabilities months
Vehicle air Joint 6
January 19,2021 1,750 July 15,2021 1,750 Yes No
conditioner liabilities months
Vehicle air Joint 12
January 19,2021 5,000 March 15,2021 5,000 Yes No
conditioner liabilities months
Vehicle air Joint 12
January 19,2021 2,000 April 9,2021 2,000 Yes No
conditioner liabilities months
Vehicle air Joint 12
January 19,2021 2,549 April 23,2021 2,549 Yes No
conditioner liabilities months
Vehicle air Joint 12
January 19,2021 3,450 May 13,2021 3,450 Yes No
conditioner liabilities months
Vehicle air Joint 12
January 19,2021 2,000 June 11,2021 2,000 Yes No
conditioner liabilities months
Vehicle air Joint 7
January 19,2021 1,750 December 9,2021 1,750 Yes No
conditioner liabilities months
Vehicle air Joint 6
January 19,2021 2,501 December 14,2021 2,501 Yes No
conditioner liabilities months
41
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Vehicle air Joint 12
January 22,2022 1,000 September 17,2021 1,000 No No
conditioner liabilities months
Vehicle air Joint 12
January 22,2022 2,600 April 20,2022 2,600 No No
conditioner liabilities months
Vehicle air Joint 12
January 22,2022 1,949 April 27,2022 1,949 No No
conditioner liabilities months
Vehicle air Joint 12
January 22,2022 1,250 May 10,2022 1,250 No No
conditioner liabilities months
Vehicle air Joint 12
January 22,2022 2,000 May 17,2022 2,000 No No
conditioner liabilities months
Vehicle air Joint 12
January 22,2022 1,460 May 23,2022 1,460 No No
conditioner liabilities months
Vehicle air Joint 12
January 22,2022 2,501.35 June 14,2022 2,501.35 No No
conditioner liabilities months
Vehicle air Joint 12
January 22,2022 1,750 June 29,2022 1,750 No No
conditioner liabilities months
Total amount of actual
Total amount of approving guarantee
occurred guarantee for
for subsidiaries in report period 61,000 13,510
subsidiaries in report period
（B1）
（B2）
Total amount of actual
Total amount of approved guarantee
occurred guarantee for
for subsidiaries at the end of reporting 61,000 14,510
subsidiaries at the end of
period（B3）
reporting period（B4）
Guarantee of the subsidiaries for its subsidiaries
Guarante
Relevant Compl e
Date of
disclosure Guarant Counter- ete for
Name of happening Actual Guaran
date/No. of Amount of Guarantee guarantee imple associate
the (Date of mount of y（If tee
the Guarantee type mentati d
Company signing guarantee any） （If any） term
guaranteed on parties
agreement)
amount or not (Yes or
no)
Total of Company’s guarantee（namely total of the large three aforementioned）
Total of guarantee in the Period Total of actual guarantee in the
61,000 13,510
（A1+B1+C1） Period（A2+B2+C2）
Total of guarantee at Period-end 61,000 Total of actual guarantee at 14,510
42
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
（A3+B3+C3） Period-end A4+B4+C4）
The Company’s total guarantee(i.e.total of the first three main items)
88.70%
（A4+B4+C4）
Including：
Amount of guarantee for shareholders,
actual controller and its associated 0
parties（D）
The debts guarantee amount provided
for the
Guaranteed parties whose assets- 14,510
liability ratio exceed
70% directly or indirectly（E）
Proportion of total amount of
guarantee in net assets of the company 6,330.5
exceed 50%（F）
Total guarantee Amount of the
abovementioned guarantees 14,510
（D+E+F）
Explanations about joint and several
liability for repayment in respect of None
undue guarantee(if any)
Explanation about external guarantee
violating established procedure if None
any）
3. Finance management on commission
□Applicable √ Not applicable
No such cases in the reporting period.
4. Other significant contract
□ Applicable √ Not applicable
No such cases in the reporting period.
43
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
XIII. Explanation on other significant events
□Applicable √ Not applicable
No such cases in the reporting period.
XIV. Significant event of subsidiary of the Company
□Applicable √ Not applicable
44
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
VI. Change of share capital and shareholding of Principal Shareholders
I. Changes in share capital
1. Changes in share capital
In shares
Before the change Increase/decrease（+，-） After the Change
Amount Proporti Capitali
on Share zation of
Bonus Proporti
allotmen common Other Subtotal Quantity
shares on
t reserve
fund
I.
89,375,00 89,375,00
Unlisted 74.87% 0 0 0 0 0 74.87%
0 0
shares
1.
89,375,00 89,375,00
Founder' 74.87% 0 0 0 0 0 74.87%
0 0
s stock
Includin
g: State- 84,906,25 84,906,25
71.13% 0 0 0 0 0 71.13%
owned 0 0
shares
Shares
held by
domesti 1,750,000 1.46% 0 0 0 0 0 1,750,000 1.46%
c legal
persons
Share
held by
foreign 0 0.00% 0 0 0 0 0 0 0.00%
investor
s
Other 2,718,750 2.28% 0 0 0 0 0 2,718,750 2.28%
2.
Raising
legal 0 0.00% 0 0 0 0 0 0 0.00%
person
shares
3.
Internal
0 0.00% 0 0 0 0 0 0 0.00%
staff
shares
4.
Preferre
0 0.00% 0 0 0 0 0 0 0.00%
d stock
or other
II Listed 30,000,00 30,000,00
25.13% 0 0 0 0 0 25.13%
shares 0 0
1.
Commo
0 0.00% 0 0 0 0 0 0 0.00%
n shares
in RMB
2.
Foreign
30,000,00 30,000,00
shares in 25.13% 0 0 0 0 0 25.13%
0 0
domesti
c market
3. 0 0.00% 0 0 0 0 0 0 0.00%
45
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Foreign
shares in
overseas
market
4.
0 0.00% 0 0 0 0 0 0 0.00%
Others
III. Total
of 119,375,0 119,375,0
100.00% 0 0 0 0 0 100.00%
capital 00 00
shares
Reasons for share changed
□Applicable √Not applicable
Approval of Change of Shares
□Applicable √Not applicable
Ownership transfer of share changes
□Applicable √Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to
common shareholders of Company in latest year and period
□Applicable √Not applicable
Other information necessary to disclose for the company or need to disclosed under requirement from security
regulators
□Applicable √Not applicable
Progress on any share repurchase:
□ Applicable √ Not applicable
Progress on reducing the repurchased shares by means of centralized bidding:
□ Applicable √ Not applicable
Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per share attributable to
common shareholders of Company in latest year and period
□ Applicable √ Not applicable
Other information necessary to disclose for the company or need to disclosed under requirement from security
regulators
□ Applicable √Not applicable
When the company was founded in 1995, North China Industrial Shenzhen Co., Ltd., one of the founders,
held 17,875,000 shares of the company, accounting for 3.74% of the company's total share capital. According to
the Civil Order of the Shenzhen Intermediate People’s Court of Guangdong Province- [2006] Shenzhong Famin
Two Bankruptcy Zi No. 21-4) on March 6th, 2007, it’s ruled that the proprietary rights of the 3.74% stake
(17,875,000 legal person shares) of the company held by North China Industrial Shenzhen Co., Ltd. belongs to the
buyers Gu Zuocheng, Yangpu Xinyufeng Investment Co., Ltd. and Feng Yonghui. Thereinto, Gu Zuocheng held
8,875,000 shares; Yangpu Xinyufeng Investment Co., Ltd. held 7,000,000 shares; Feng Yonghui held 20,000
million shares.
On September 12, 2013, the company implemented a 4:1 share-shrunk. After the share-shrunk, Gu
Zuocheng held 2,218,750 shares; Anhui Hengsheng Economic Development Group Co., Ltd. (The shares
transferred by Yangpu Xinyufeng Investment Co., Ltd. held 1,750,000 shares; Feng Yonghui held 500,000 shares.
Therefore, in the above “Changes in Shares” table, the number of shares that’s filled in the “others” for the
sponsors’ shares is the total shares held by the natural persons Gu Zuocheng and Feng Yonghui, namely:
2,718,750 shares.
3. Change of shares with limited sales condition
□ Applicable √ Not applicable
Ⅱ. Issuing and listing
□ Applicable √Not applicable
46
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
III. Shareholders and shareholding
In Shares
Total number of preferred
Total number of common
shareholders that had restored the voting
shareholders at the end of the 7,088 0
right at the end of the
reporting period
reporting period (if any) (note 8)
Particulars about shares held above 5% by shareholders or top ten shareholders
Prop Number of
ortio share
n of Number of Chang Amount of Amount of pledged/froz
Nature of share shares es in un- en
restricted
Shareholders shareholde s held at reporti restricted
shares
r held period - ng shares State
held Am
end period held of
（% ount
share
）
State-
China Military
owned 71.13
Equipment Group Co., 84,906,250 0 84,906,250 0
legal %
Ltd.
person
Domestic
Gu Zuocheng natural 1.89% 2,261,000 0 2,218,750 42,250
person
Domestic
Anhui Hengsheng non-state-
Investment owned 1.47% 1,750,000 0 1,750,000 0
Development Co., Ltd. legal
person
Domestic
Xu Yuanhui natural 0.81% 966,699 52700 0 966,699.00
person
Domestic
Liu Dan natural 0.74% 880,476 0 0 880,476.00
person
Domestic
Chen Xinqiang natural 0.51% 612,400 0 0 612,400.00
person
CORE PACIFIC-
Overseas
YAMAICHI
Legal 0.49% 585,650 41,500 0 585,650.00
INTERNATIONAL
person
(H.K.) LIMITED
Domestic
Zhang Meilan natural 0.43% 513,560 0 0 513,560.00
person
Domestic
Feng Yonghui natural 0.42% 500,000 0 500,000 0
person
Domestic
Li Jianping natural 0.36% 432,000 -4,300 0 432,000
person
Strategic investor or general legal
person becoming top-10 ordinary
shareholder due to rights issue (if None
any)（See Note 3)
Related or acting-in-concert parties There isn’t any associated relationship between the sponsoring
among shareholders above shareholder and the other shareholders among the top-10 list. None of
47
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
them are regarded as ‘Acting in concert’ in accordance with ‘The rules
of information disclosure on change of shareholding.’ Foreign
shareholders are unknown for their condition of ‘Associated
relationship’ and ‘Acting in concert’.
Above shareholders entrusting or
entrusted with voting rights, or Not applicable
waiving voting rights
Top 10 shareholders including the
special account for repurchase (if Not applicable
any) (see note 11)
Top 10 holders of unconditional shares
Category of shares
Amount of unconditional shares
Name of the shareholder Category of
held at end of period Amount
shares
Foreign shares
placed in
Xu Yuanhui 966,699 966,699
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
Foreign shares
CORE PACIFIC-YAMAICHI placed in
585,650 585,650
INTERNATIONAL (H.K.) LIMITED domestic
exchange
Foreign shares
placed in
Zhang Meilan 513,560 513,560
domestic
exchange
Foreign shares
placed in
Li Jianping 432,000 432,000
domestic
exchange
Foreign shares
placed in
Chen Houping 423,761 423,761
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
Action-in-concert among top 10 non- There is no affiliated relationship between the top ten non-restricted
restricted current share holders, top tradable shareholders and the controlling shareholder China Military
10 non-restricted current share Equipment Group Co., Ltd. nor do they belong to the consistent actors
48
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
holders and top 10 shareholders stipulated in the Administrative Measures for the Acquisition of Listed
Companies; it is unknown to the company whether there is an affiliated
relationship between the 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.
Explanation on shareholders
participating in the margin trading Not applicable
business(if any )(See Notes 4)
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.
IV. Changes in shareholdings of directors, supervisors and executive officers
□ Applicable √Not applicable
There was no change in shareholding of directors, supervisors and senior management staffs, for the specific
information please refer to the 2021 Annual Report
V. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
49
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
VIII. Situation of the Preferred Shares
□Applicable √Not applicable
The Company had no preferred shares in the reporting period
50
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
IX. Corporate Bond
□ Applicable √ Not applicable
51
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
X. Financial Report
I. Audit report
Has this semi-annual report been audited?
□ Yes √ No
The semi-annual financial report has not been audited.
II. Financial statements
Currency unit for the statements in the notes to these financial statements: RMB
1. Consolidated balance sheet
Prepared by: Chongqing Jianshe Vehicle System Co., Ltd.
June 30, 2022
In RMB
Items June 30,2022 January 1,2022
Current asset：
Monetary fund 106,571,780.20 91,678,523.19
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Note receivable 2,220,000.00
Account receivable 96,751,451.66 149,333,285.64
Financing of receivables 40,732,254.59 29,250,840.86
Prepayments 4,600,261.27 7,228,480.93
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Other account receivable 1,570,177.03 1,431,664.33
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 174,972,117.90 206,719,605.79
Contract assets
Assets held for sales 104,982,996.11
Non-current asset due within 1
year
Other current asset 1,108,307.81 4,585,170.16
Total of current assets 426,306,350.46 597,430,567.01
Non-current assets：
Loans and payment on other’s
behalf disbursed
Creditor's right investment
Other creditor's right investment
Long-term receivable
Long term share equity
206,357,226.82 201,984,268.72
investment
Other equity instruments
52
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
investment
Other non-current financial assets
Real estate investment
Fixed assets 212,230,661.91 216,541,481.98
Construction in progress 1,828,183.90 1,811,125.46
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 12,691,071.99 13,580,639.04
Development expenses
Goodwill
Long-germ expenses to be
93,629.71 116,978.77
amortized
Deferred income tax asset 6,060,617.99 6,060,617.99
Other non-current asset 6,947,020.00 3,810,800.00
Total of non-current assets 446,208,412.32 443,905,911.96
Total of assets 872,514,762.78 1,041,336,478.97
Current liabilities
Short-term loans 473,903,500.00 493,460,000.00
Loan from Central Bank
Borrowing funds
Transactional financial
liabilities
Derivative financial
liabilities
Notes payable 43,602,955.00 160,670,000.00
Account payable 153,717,976.15 190,292,444.13
Advance receipts
Contract liabilities 3,991,193.62 2,868,604.98
Selling of repurchased financial
assets
Deposit taking and interbank
deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 7,709,137.48 20,944,522.89
Tax payable 16,184,003.48 15,134,121.83
Other account payable 7,947,386.68 6,766,954.83
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 518,855.17 372,918.65
Total of current liability 707,575,007.58 890,509,567.31
Non-current liabilities：
Reserve fund for insurance
contracts
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
53
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Lease liability
Long-term payable
Long-term remuneration payable to
staff
Expected liabilities
Deferred income
Deferred income tax liability 1,348,190.84 1,523,318.82
Other non-current liabilities
Total non-current liabilities 1,348,190.84 1,523,318.82
Total of liability 708,923,198.42 892,032,886.13
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 2,595,915.80 1,713,882.50
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -1,042,640,445.73 -1,056,046,383.95
Total of owner’s equity belong to
163,591,564.36 149,303,592.84
the parent company
Minority shareholders’ equity
Total of owners’ equity 163,591,564.36 149,303,592.84
Total of liabilities and owners’
872,514,762.78 1,041,336,478.97
equity
Legal Representative: Yan Xuechuan
Person in charge of accounting：Tan Mingxian
Person in charge of Accounting institute: Niu Yanli
2.Parent Company Balance Sheet
In RMB
Items June 30,2022 January 1,2022
Current asset：
Monetary fund 23,639,001.19 2,146,167.36
Transactional financial assets
Derivative financial assets
Note receivable
Account receivable 2,858,870.87 3,152,475.45
Financing of receivables 440,000.00
Prepayments 1,137,951.99 2,465,664.66
Other account receivable 374,495.59 1,153,592.45
Including：Interest receivable
Dividend receivable
Inventories 2,215,465.56 2,084,284.76
Contract assets
Assets held for sales 104,982,996.11
Non-current asset due within 1
54
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
year
Other current asset 1,108,307.81 1,523,292.88
Total of current assets 31,334,093.01 117,948,473.67
Non-current assets：
Creditor's right investment
Other creditor's right investment
Long-term receivable
Long term share equity
405,402,670.77 401,029,712.67
investment
Other equity instruments
investment
Other non-current financial assets
Real estate investment
Fixed assets 28,834,311.34 30,608,778.01
Construction in progress 16,637.17
Production physical assets
Oil & gas assets
Use right assets
Intangible assets
Development expenses
Goodwill
Long-germ expenses to be
amortized
Deferred income tax asset
Other non-current asset
Total of non-current assets 434,236,982.11 431,655,127.85
Total of assets 465,571,075.12 549,603,601.52
Current liabilities
Short-term loans
Transactional financial
liabilities
Derivative financial liabilities
Notes payable
Account payable 122,592,184.83 165,209,294.49
Advance receipts
Contract liabilities 756,710.96 159,843.70
Employees’ wage payable 2,284,593.27 6,044,727.21
Tax payable 14,945,314.60 15,021,233.16
Other account payable 286,918,765.74 355,521,343.12
Including：Interest payable
Dividend payable
Liabilities held for sales
Non-current liability due within 1
year
Other current liability 98,372.42 20,779.68
Total of current liability 427,595,941.82 541,977,221.36
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to
staff
55
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Expected liabilities
Deferred income
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities
Total of liability 427,595,941.82 541,977,221.36
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 544,149.31 612,361.09
Surplus reserves 125,686,000.00 125,686,000.00
Retained profit -1,166,205,110.30 -1,196,622,075.22
Total of owners’ equity 37,975,133.30 7,626,380.16
Total of liabilities and owners’
465,571,075.12 549,603,601.52
equity
3.Consolidated Income statement
In RMB
Items The first half year of 2022 The first half year of 2021
I. Income from the key business 239,131,462.84 456,964,429.02
Incl：Business income 239,131,462.84 456,964,429.02
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 272,184,553.54 469,027,653.86
Incl：Business cost 225,259,680.42 399,274,067.43
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 2,261,872.48 4,017,274.05
Sales expense 6,906,460.34 10,384,056.14
Administrative expense 14,591,203.14 33,501,329.26
R & D costs 14,748,476.51 8,173,694.94
Financial expenses 8,416,860.65 13,677,232.04
Including：Interest expense
Interest income
Add: Other income 1,201,869.22 461,493.97
Investment gain（“-”for loss） 4,372,958.10 767,993.22
Incl: investment gains from affiliates 4,372,958.10 767,993.22
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
56
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Credit impairment loss 715,809.13 -108,153.11
Impairment loss of assets
Assets disposal income 39,860,952.30 1,566,473.14
III. Operational profit（“-”for loss） 13,098,498.05 -9,375,417.62
Add ：Non-operational income 135,599.04 198,658.55
Less: Non-operating expense 2,505.21 171.52
IV. Total profit(“-”for loss) 13,231,591.88 -9,176,930.59
Less：Income tax expenses -174,346.34 -1,279,343.82
V. Net profit 13,405,938.22 -7,897,586.77
(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
13,405,938.22 -7,897,586.77
company
2.Minority shareholders’ equity
VI. Net after-tax of other comprehensive income
Net of profit of other comprehensive income attrib
utable to owners 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 i
n net debt or net assets
2.Other comprehensive income under the equity m
ethod 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 reclassifi
ed into profit or loss.
1.Other comprehensive income under the equity m
ethod investee can be reclassified into profit or los
s.
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 stat
ements
7.Other
Net of profit of other comprehensive income attrib
utable to Minority shareholders’ equity
VII. Total comprehensive income 13,405,938.22 -7,897,586.77
Total comprehensive income attributable to the
13,405,938.22 -7,897,586.77
owner of the parent company
57
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Total comprehensive income attributable minority
shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.1123 -0.0662
(II)Diluted earnings per share 0.1123 -0.0662
Legal Representative: Yan Xuechuan
Person in charge of accounting：Tan Mingxian
Person in charge of Accounting institute: Niu Yanli
4. Income statement of the Parent Company
In RMB
Items The first half year of 2022 The first half year of 2021
I. Income from the key business 125,487,819.44 297,472,060.19
Incl：Business cost 130,134,806.19 287,010,577.69
Business tax and surcharge 495,071.45 1,331,918.72
Sales expense 256,487.53 305,392.04
Administrative expense 10,556,202.46 16,241,678.56
R & D expense 2,289.66 152,163.97
Financial expenses -1,015,970.20 -54,183.63
Including：Interest expenses
Interest income
Add：Other income 990,023.53 9,403.42
Investment gain（“-”for loss） 4,372,958.10 767,993.22
Including: investment gains from affiliates 4,372,958.10 767,993.22
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 39,860,952.30 1,598,662.50
II. Operational profit（“-”for loss） 30,282,866.28 -5,139,428.02
Add ：Non-operational income 134,098.64 198,647.24
Less：Non -operational expenses
III. Total profit(“-”for loss) 30,416,964.92 -4,940,780.78
Less：Income tax expenses
IV. Net profit 30,416,964.92 -4,940,780.78
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 i
n net debt or net assets
2.Other comprehensive income under the equity m
ethod investee can not be reclassified into profit or
loss.
3. Changes in the fair value of investments in
58
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
other equity instruments
4. Changes in the fair value of the company’s
credit risks
5.Other
(II)Other comprehensive income that will be recla
ssified into profit or loss
1.Other comprehensive income under the equity m
ethod investee can be reclassified into profit or los
s.
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 stat
ements
7.Other
VI. Total comprehensive income 30,416,964.92 -4,940,780.78
VII. Earnings per share
（I）Basic earnings per share 0.2548 -0.0414
(II)Diluted earnings per share 0.2548 -0.0414
5. Consolidated Cash flow statement
In RMB
Items The first half year of 2022 The first half year of 2021
I.Cash flows from operating activities
Cash received from sales of goods or rending
252,642,976.71 275,878,351.04
of 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 5,307,251.13 10,762,678.49
Other cash received from business operation 7,927,046.37 5,109,205.63
Sub-total of cash inflow 265,877,274.21 291,750,235.16
Cash paid for purchasing of merchandise and
158,466,557.60 192,460,861.01
services
Net increase of client trade and advance
Net increase of savings in central bank and
brother company
59
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Cash paid for original contract claim
Net increase in financial assets held for
trading purposes
Net increase for Outgoing call loan
Cash paid for interest, processing fee and
commission
Cash paid to staffs or paid for staffs 52,504,825.00 55,354,015.78
Taxes paid 10,932,898.90 9,550,656.23
Other cash paid for business activities 12,583,760.21 12,630,681.73
Sub-total of cash outflow from business
234,488,041.71 269,996,214.75
activities
Net cash generated from /used in operating
31,389,232.50 21,754,020.41
activities
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 153,507,597.36 1,609,454.58
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
153,507,597.36 1,609,454.58
activities
Cash paid for construction of fixed assets,
intangible assets and other long-term 13,442,460.82 3,192,691.68
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
13,442,460.82 3,192,691.68
activities
Net cash flow generated by investment 140,065,136.54 -1,583,237.10
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from
minor shareholders
Cash received as loans 276,613,500.00 330,210,000.00
Other financing –related cash received 17,155,373.08 244,002.56
Sub-total of cash inflow from financing
293,768,873.08 330,454,002.56
activities
Cash to repay debts 296,633,093.75 327,710,000.00
Cash paid as dividend, profit, or interests 10,014,809.88 12,038,512.41
Including: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 117,442,081.48 32,808,697.08
Sub-total of cash outflow due to financing
424,089,985.11 372,557,209.49
activities
Net cash flow generated by financing -130,321,112.03 -42,103,206.93
IV. Influence of exchange rate alternation on
-9,951.87
cash and cash equivalents
V.Net increase of cash and cash equivalents 41,133,257.01 -21,942,375.49
Add: balance of cash and cash equivalents at
23,738,523.19 79,310,253.55
the beginning of term
60
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
VI ..Balance of cash and cash equivalents at
64,871,780.20 57,367,878.06
the end of term
6. Cash Flow Statement of the Parent Company
In RMB
Items The first half year of 2022 The first half year of 2021
I.Cash flows from operating activities
Cash received from sales of goods or rending
85,003,841.61 106,427,010.24
of services
Tax returned
Other cash received from business operation 3,302,253.86 4,060,057.61
Sub-total of cash inflow 88,306,095.47 110,487,067.85
Cash paid for purchasing of merchandise and
86,622,159.34 75,478,291.50
services
Cash paid to staffs or paid for staffs 16,094,142.66 18,463,252.41
Taxes paid 8,593,040.69 3,936,592.64
Other cash paid for business activities 4,070,068.57 5,762,800.95
Sub-total of cash outflow from business
115,379,411.26 103,640,937.50
activities
Net cash generated from /used in operating
-27,073,315.79 6,846,130.35
activities
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 153,507,597.36 1,609,454.58
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
153,507,597.36 1,609,454.58
activities
Cash paid for construction of fixed assets,
intangible assets and other long-term 964,947.74 2,181,728.80
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
964,947.74 2,181,728.80
activities
Net cash flow generated by investment 152,542,649.62 -572,274.22
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 15,000,000.00
Other financing –related ash received 189,943,500.00 210,210,000.00
Sub-total of cash inflow from financing
189,943,500.00 225,210,000.00
activities
Cash to repay debts
Cash paid as dividend, profit, or interests
Other cash paid for financing activities 293,920,000.00 210,206,500.00
Sub-total of cash outflow due to financing
293,920,000.00 210,206,500.00
activities
Net cash flow generated by financing -103,976,500.00 15,003,500.00
IV. Influence of exchange rate alternation on
61
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
cash and cash equivalents
V.Net increase of cash and cash equivalents 21,492,833.83 21,277,356.13
Add: balance of cash and cash equivalents at
2,146,167.36 1,039,038.26
the beginning of term
VI ..Balance of cash and cash equivalents at
23,639,001.19 22,316,394.39
the end of term
62
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
7. Consolidated Statement on Change in Owners’ Equity
Amount in this period
In RMB
The first half year of 2022
Owner’s equity Attributable to the Parent Company
Other Equity
instrument Mino
r
S Other Com Total
Items Less: Surplu share
Pref us Compr Special mon of
Share Capital Share s Retained Oth Subtot holde
erre ta ehensi ized risk owners
Capital Oth reserves s in reserve profit er al rs’
d in ve reserve provi ’ equity
er stock s equit
stoc ab Income sion y
k le
de
bt
-
I.Balance at the end of last 119,375,0 958,565,2 1,713,88 125,686, 149,303, 149,303,
9,800.00 1,056,046,
year 00.00 94.29 2.50 000.00 592.84 592.84
383.95
Add: Change of accounting
policy
Correcting of previous errors
Merger of entities under
common control
Other
-
II.Balance at the beginning 119,375,0 958,565,2 1,713,88 125,686, 149,303, 149,303,
9,800.00 1,056,046,
of current year 00.00 94.29 2.50 000.00 592.84 592.84
383.95
III.Changed in the current 882,033. 13,405,93 14,287,9 14,287,9
year 30 8.22 71.52 71.52
（1）Total comprehensive 13,405,93 13,405,9 13,405,9
income 8.22 38.22 38.22
（II）Investment or
decreasing of capital by
owners
1．Ordinary Shares invested
by shareholders
63
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
2．Holders of other equity i
nstruments invested capital
3．Amount of shares paid
and accounted as owners’
equity
4．Other
（III）Profit allotment
1.Providing of surplus
reserves
2.Providing of common risk
provisions
3．Allotment to the owners
(or shareholders)
4．Other
(IV) Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital
shares)
2. Capitalizing of surplus
reserves (or to capital
shares)
3．Making up losses by
surplus reserves.
4.Change amount of defined
benefit plans that carry
forward
Retained earnings
5．Other comprehensive
income carry-over retained
earnings
6．Other
882,033. 882,033. 882,033.
(V). Special reserves
30 30 30
1,388,39 1,388,39 1,388,39
1. Provided this year
2.12 2.12 2.12
2．Used this term - - -
64
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
506,358. 506,358. 506,358.
82 82 82
（VI）Other
-
IV. Balance at the end of this 119,375,0 958,565,2 2,595,91 125,686, 163,591, 163,591,
9,800.00 1,042,640,
term 00.00 94.29 5.80 000.00 564.36 564.36
445.73
Amount in last year
In RMB
The first half year of 2021
Owner’s equity Attributable to the Parent Company
Other Equity
instrument Mino
r
S Other Com Total
Items Less: Surplu share
Pref us Compr Special mon of
Share Capital Share s Retained Oth Subtot holde
erre ta ehensi ized risk owners
Capital Oth reserves s in reserve profit er al rs’
d in ve reserve provi ’ equity
er stock s equit
stoc ab Income sion y
k le
de
bt
-
I.Balance at the end of last 119,375,0 958,565,2 125,686, 173,588, 173,588,
9,800.00 1,030,047,
year 00.00 94.29 000.00 673.06 673.06
421.23
Add: Change of accounting
policy
Correcting of previous errors
Merger of entities under
common control
Other
-
II.Balance at the beginning 119,375,0 958,565,2 125,686, 173,588, 173,588,
9,800.00 1,030,047,
of current year 00.00 94.29 000.00 673.06 673.06
421.23
- - -
III.Changed in the current
7,897,586. 7,897,58 7,897,58
year
77 6.77 6.77
（1）Total comprehensive - - -
65
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
income 7,897,586. 7,897,58 7,897,58
77 6.77 6.77
（II）Investment or
decreasing of capital by
owners
1．Ordinary Shares invested
by shareholders
2．Holders of other equity i
nstruments invested capital
3．Amount of shares paid
and accounted as owners’
equity
4．Other
（III）Profit allotment
1.Providing of surplus
reserves
2.Providing of common risk
provisions
3．Allotment to the owners
(or shareholders)
4．Other
(IV) Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital
shares)
2. Capitalizing of surplus
reserves (or to capital
shares)
3．Making up losses by
surplus reserves.
4.Change amount of defined
benefit plans that carry
forward
Retained earnings
5．Other comprehensive
income carry-over retained
66
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
earnings
6．Other
(V). Special reserves
1. Provided this year
2．Used this term
（VI）Other
-
IV. Balance at the end of this 119,375,0 958,565,2 125,686, 165,691, 165,691,
9,800.00 1,037,945,
term 00.00 94.29 000.00 086.29 086.29
008.00
8.Statement of change in owner’s Equity of the Parent Company
Amount in this period
In RMB
The first half year of 2022
Other Equity
instrument Other
Less:
Items Compr Specializ O Total of
Share Capital Shares Surplus Retained
Prefe Susta ehensi ed th owners’
capital Oth reserves in reserves profit
rred inabl ve reserve er equity
er stock
stock e Income
debt
-
119,375,000.0 958,565,294 612,361.0 125,686,0
I.Balance at the end of last year 9,800.00 1,196,622, 7,626,380.16
0 .29 9 00.00
075.22
Add: Change of accounting policy
Correcting of previous errors
Other
-
II.Balance at the beginning of current 119,375,000.0 958,565,294 612,361.0 125,686,0
9,800.00 1,196,622, 7,626,380.16
year 0 .29 9 00.00
075.22
30,416,96
III.Changed in the current year -68,211.78 30,348,753.14
4.92
30,416,96
（I）Total comprehensive income 30,416,964.92
4.92
(II) Investment or decreasing of
capital by owners
67
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
1．Ordinary Shares invested by shar
eholders
2．Holders of other equity instrume
nts invested capital
3.Amount of shares paid and
accounted as owners’ equity
4．Other
（III）Profit allotment
1.Providing of surplus reserves
2．Allotment to the owners (or
shareholders)
3．Other
(IV) Internal transferring of owners’
equity
1. Capitalizing of capital reserves (or
to capital shares)
2. Capitalizing of surplus reserves
(or to capital shares)
3．Making up losses by surplus
reserves.
4.Change amount of defined benefit
plans that carry forward
Retained earnings
5．Other comprehensive income
carry-over retained earnings
6．Other
(V) Special reserves -68,211.78 -68,211.78
1. Provided this year 59,280.36 59,280.36
-
2．Used this term 127,492.1 -127,492.14
4
（VI）Other
-
119,375,000.0 958,565,294 544,149.3 125,686,0
IV. Balance at the end of this term 9,800.00 1,166,205, 37,975,133.30
0 .29 1 00.00
110.30
Amount in last year
In RMB
68
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
The first half year of 2021
Other Equity
instrument Other
Less:
Items Compr Specializ O Total of
Share Capital Shares Surplus Retained
Prefe Susta ehensi ed th owners’
Capital Oth reserves in reserves profit
rred inabl ve reserve er equity
er stock
stock e Income
debt
-
119,375,000.0 958,565,294 125,686,0
I.Balance at the end of last year 9,800.00 1,170,754, 32,881,284.43
0 .29 00.00
809.86
Add: Change of accounting policy
Correcting of previous errors
Other
-
II.Balance at the beginning of current 119,375,000.0 958,565,294 125,686,0
9,800.00 1,170,754, 32,881,284.43
year 0 .29 00.00
809.86
-
III.Changed in the current year 4,940,780. -4,940,780.78
78
-
（I）Total comprehensive income 4,940,780. -4,940,780.78
78
(II) Investment or decreasing of
capital by owners
1．Ordinary Shares invested by shar
eholders
2．Holders of other equity instrume
nts invested capital
3.Amount of shares paid and
accounted as owners’ equity
4．Other
（III）Profit allotment
1.Providing of surplus reserves
2．Allotment to the owners (or
shareholders)
3．Other
69
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
(IV) Internal transferring of owners’
equity
1. Capitalizing of capital reserves (or
to capital shares)
2. Capitalizing of surplus reserves
(or to capital shares)
3．Making up losses by surplus
reserves.
4.Change amount of defined benefit
plans that carry forward
Retained earnings
5．Other comprehensive income
carry-over retained earnings
6．Other
(V) Special reserves
1. Provided this year
2．Used this term
（VI）Other
-
119,375,000.0 958,565,294 125,686,0
IV. Balance at the end of this term 9,800.00 1,175,695, 27,940,503.65
0 .29 00.00
590.64
70
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
III．Basic Information of the Company
Chongqing Jianshe Vehicle System Co.,Ltd. (hereinafter referred to as the "Company", "Company" or
"Chongqing Jianshe")，the company’s original name is Chongqing Jianshe Motorcycle Co.,Ltd.，was jointly set
up in July 1995 by the Construction Industry (Group) Co., Ltd. and China North Industries Shenzhen Corporation.
The Business License of the Enterprise: No. 915000007474824231. The Company was listed in July 1995 at the
Shenzhen Stock Exchange. The Company is engaged in the manufacturing industry. On December 27, 2017, the
company issued an announcement that it has completed the relevant business registration procedures for the
change in Chinese, obtained the notice of approval for change of registration of Chongqing administration of
industry and commerce (Chongqing Industrial and commercial registration of changes [2017] No.1206-1)，got an
issue of a business license and approval rear of implementing the Shenzhen stock exchange. The name of the
company was changed from " Chongqing Jianshe Motorcycle Co., Ltd." to " Chongqing Jianshe Vehicle System
Co.,Ltd.". Abbreviation of the company was changed from "Jianmo B" to "Jianshe B", and the securities code of
the company was unchanged at 200054.
On October 22, 2018, Chongqing Jianshe mechanical and electrical co., LTD., the controlling shareholder of
the company, signed the "Equity transfer Agreement for State-owned listed companies" with China South
Industries Group Corporation (hereinafter referred to as "GSGC"). The Chongqing Jianshe mechanical and
electrical co., LTD. transferred 84,906,250 shares of its state-owned legal person shares to the GSGC, it accounts
for 71.13% of the Chongqing Jianshe 's total share capital.
On December 21, 2018, the company received the " Confirmation of registration of securities transfer "
issued by the Shenzhen Branch of China Securities Registration and Clearing Co., Ltd., and the registration
procedures for the transfer of shares under this agreement have been completed in the Shenzhen branch of China
Securities Registration and settlement Co., Ltd. After the completion of this agreement transfer, Chongqing
Jianshe mechanical and electrical co., LTD., would no longer hold shares of the company. GSGC was became the
controlling shareholder of the company, the proportion of shareholding is 71.13%, and the nature of the shares is
State-owned legal person shares.
The ultimate controller of the Company is the State-owned Assets Supervision and Administration
Commission (SASAC).
As at June 30, 2022, the Company issued 119,375,000 shares in total and had the registered capital of
119,375,000. The registration place: NO.1, JIANSHE ROAD HUAXI INDUSTRY PARK, BANAN DISTRICT,
CHONGQING; the headquarters address: Banan District, Chongqing Municipality. Legal representative:
Hongxian Lv. The main business activities: research and development, processing, manufacturing and related
technical services of Motorcycles, auto parts, accessories, machinery products, design , manufacturing and related
technical services of tooling (except for those subject to national special provisions) ; R & D, production and sales
of motorcycle engines; research , development and processing of mechanical and electrical products, home
appliances, bicycles, environmental protection product; imports, wholesale, retail, commission agency (except
auction) of similar products of these products.
The disclosure of the financial report was approved by the Board of Directors on August 29, 2022.
The scope consolidated financial statements of the first half year of 2021 has reduced 2 subsidiary，see "Note 7
Equity in other subjects " for details. Compared with the previous year, the Company's consolidation scope has
not changed.
The company and Chongqing Jianshe Automobile A/C Co., Ltd., its important subsidiary, mainly engaged in
the manufacture, sale of air conditioners and accessories, air conditioning and spare parts maintenance.
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IV. Basis for the Preparation of financial statements
1.Basis for Preparation
The Company prepares the financial statements on the basis of going concern, according to actual transactions and
events, and in accordance with the Accounting Standards for Business Enterprises – Basic Standards and 38
concrete accounting standards issued by the Ministry of Finance on February 15, 2006, the subsequently issued
Accounting Standards for Business Enterprises – Application Guidelines, and the Accounting Standards for
Business Enterprises– Interpretations and other relevant provisions (hereinafter collectively referred to as –
Accounting Standards for Business Enterprises‖), as well as Compilation Rules for Information Disclosure by
Companies Offering Securities to the Public No. 15 - General Provisions on Financial Reports issued by China
Securities Regulatory Commission.
In accordance with relevant provisions of the Accounting Standards for Business Enterprises, the Group adopted
the accrual basis in accounting. Except for some financial instruments, where impairment occurred on an asset, an
impairment reserve was withdrawn accordingly pursuant to relevant requirements.
2. Going Concern
The Company was on a going concern basis in 12 months as of the end of the current reporting period and was not
affected by any material event having impact on the going concern.
V. Principal accounting policies and accounting estimates
Specific accounting policies and accounting estimates:
None
1. Statement on compliance with accounting standards for business Enterprises
The Company state: the financial statements prepared are in line with the requirements in enterprise accounting st
andards in line with of system, and have truly and completely reflected of the financial status in June
30, 2022 operational results, cash flow, and other relevant information of January–June 2022.
2 .Accounting period
The Company’s fiscal periods include fiscal years and fiscal periods shorter than a complete fiscal year from
January 1 to December 31 as one accounting year.
3.Operating cycle
The normal operating cycle refers to the period from the assets used for processing after purchased by the
company to the cash or cash equivalents achieved. 12 months are regarded as one operating cycle in the company,
and which is as the division criterion for the liquidity of assets and liabilities.
4.Functional currency
The functional currency is Renminbi.
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5. Accounting treatments of the combination of enterprises under common control and the combination of
enterprises not under the common control
Business combination refers to the transactions or items with one reporting entity formed by the combination of
two or more separate enterprises. The business combination shall be divided into the business combination under
common control and the business combination under non-common control.
（1）Business combination under common control
The business combination under common control refers to the business combination in which all of the combining
enterprises are ultimately controlled by the same party or parties both before and after the combination, and that
control is not transitory. Of which, the combining party is that acquiring the control right to other combining
enterprises at combining date, and the combining date means the date that the combining party actually acquires
the control right of the combined party. The acquisition date means the date that the acquirer actually obtains the
control right of the acquiree.
The assets and liabilities acquired by the combining party are measured in accordance with the book value of the
combined party at the combining date. For the balance between the book value of net assets acquired by the
combining party and the book value of the combining valuable consideration (or the nominal amount of issued
shares), the capital reserves (stock premium) shall be adjusted, or the retained earnings shall be adjusted when the
capital reserves (stock premium) are insufficient.
All the costs directly incurred for the business combination by the combining party shall be recorded into the
current profits and losses when occurred.
（2）Combination of enterprises not under the common control
The business combination under non-common control refers to the business combination in which all of the
combining enterprises are not ultimately controlled by the same party or parties both before and after the
combination. Of which, the acquirer is that obtaining the control right to other combining enterprises at
acquisition date, and other combining enterprises refers to the acquiree. The acquisition date means the date that
the acquirer actually obtains the control right of the acquiree.
For the business combination under non-common control, the merger costs include the assets paid for
obtaining the control right of acquiree by the acquirer, the liabilities occurred or borne and the fair value of equity
securities issued, the intermediary fees for audit, legalservices, evaluation and consultation when the business
combination issued, and other management costs shall be recorded into the current profits and losses when
occurred. The transaction costs of equity securities or debt securities issued for the merger consideration by the
acquirer shall be included into the initially recognized amount of the equity securities or the debt securities. The
contingent consideration involved shall be recorded into the merger cost as per the fair value at the acquisition
date. Within 12 months after the acquisition date, the combining business reputation should be adjusted
correspondingly if the contingent consideration is required to adjust because of new or further evidence for the
existed situation on the acquisition date. The merger cost issued by the acquirer and the identifiable net assets
acquired in the combination are measured as per the fair value on the acquisition date. The difference of the
merger cost less the fair value shares of identifiable net assets obtained by the acquiree during the merger on the
acquisition date, is recognized as the business reputation. While the merger cost is less than the fair value shares
of identifiable net assets obtained by the acquiree during the merger, all the measurement on the identifiable assets,
the liabilities, the fair value of liabilities and the merger cost obtained by the acquiree should firstly be rechecked,
and the difference shall be recorded into the current profits and costs if the merger cost is still less than the fair
value shares of identifiable net assets obtained by the acquiree during the merger after rechecking.
If the deductible temporary difference of acquiree obtained by the acquirer is not recognized due to the
recognition condition of the deferred income tax assets unmet on the acquisition date within 12 months after the
acquisition date, the relevant deferred income tax assets shall be recognized and the business reputation shall be
reduced if the acquired new or further evidence shows that the relevant situation has already existed and the
economic benefit gained by the acquiree from the deductible temporary difference is expected to achieve, and the
differences are recognized as the current profits and losses if the business reputation is insufficient to offset. With
the exception of the above, the deferred income tax assets related to the business combination are recorded into
the current profits and losses. For the business combination under non-common control realized step-by-step
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through multiple transactions, the multiple transactions shall be judged if belong to “the package deal” according
to the “Notice on Issuance of Interpretation of Accounting Standards for Business Enterprises from Ministry of
Finance” (Finance and Accounting [2012] No.19) and the judgment standards on “the package deal” in Article
51st of “Accounting Standards for Business Enterprises No.33 – Consolidated Financial Statement” (please see
Note 3.6 (2)).
For the package deal, please refer to above description of this section and Note 3.14 “Long-term Equity
Investment” to conduction the accounting treatment. For the non-package deal, the relevant accounting treatment
should be respectively conducted for the individual financial statement and the consolidated financial statements:
For the individual financial statements, the sum of the book value of equity investment from the purchased
party held before the purchase date and the new investment cost at the purchase date shall be as the initial
investment cost of the investment. For the other comprehensive incomes involved in the equity of the acquiree
held before the acquisition date, the investment and the relevant other comprehensive incomes shall be disposed
through the accounting treatment on the same basis of the direct disposal of the relevant assets or liabilities by the
acquiree (Namely, the rest is transferred into the current investment incomes with the exception of the
corresponding shares of changes caused by the net liabilities or the net assets of the defined benefit plans re-
measured by the acquiree as per the equity method). In the consolidated financial statements, the equity of the
acquiree held before the acquisition date shall be measured again as per the fair value of the equity on the
acquisition date, and the difference between the fair value and the book value is recorded into the current
investment income.
For the other comprehensive incomes involved in the equity of the acquire held before the acquisition date,
the relevant other comprehensive incomes shall be disposed through the accounting treatment on the same basis of
the direct disposal of the relevant assets or liabilities by the acquire (Namely, the rest is transferred into the current
investment incomes on the acquisition date, with the exception of the corresponding shares of changes caused by
the net liabilities or the net assets of the defined benefit plans re-measured by the acquire as per the equity
method).
6. Preparation of consolidated financial statements
（1）Principle for determining the consolidation scope
The consolidation scope for financial statements is determined on the basis of control. The term “control” is the
power of the Group upon an investee, with which it can take part in relevant activities of the investee to obtain
variable returns and is able to influence the amount of returns. The scope of consolidation includes the Company
and its all subsidiaries. A subsidiary is an enterprise or entity controlled by the Group.
Once any changes in the relevant facts or situations resulted in any changes in the elements involved in the
aforesaid definition of “control”, the Company shall carry out a reassessment.
（2）Compiling method of consolidated accounting statements
The company starts to include the actual control right to the net assets and the production and management
decisions of the subsidiaries into the combination scope since the date of the actual right acquired, and will stop
covering into the combination scope on the date of the actual right lost. For the disposed subsidiaries, the business
performance and the cash flow before the disposal date have been properly covered in the consolidated profit
statement and the consolidated cash flow statement. For the subsidiaries disposed in the current period, the
opening balance of the consolidated balance sheet shall not be adjusted. through the business combination under
non-common control, the business performance and the cash flow after the acquisition date have been properly
included in the consolidated profit statement and the consolidated cash flow statement, and the opening balance
and the comparison balance of the consolidated financial statement shall not be adjusted. For the subsidiaries
increased through the business combination under common control, the business performance and the cash flow
from the beginning of current combination period to the combination date have been properly included in the
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consolidated profit statement and the consolidated cash flow statement, and the comparison balance of the
consolidated financial statement shall be adjusted simultaneously.
With the preparation of the consolidated financial statement, the necessary adjustment shall be made according to
the accounting policy of the company and the financial statement of the subsidiaries during the fiscal period if the
accounting policy or the fiscal period adopted by the subsidiaries and the company is discrepant. For the
subsidiaries acquired through the business combination under non-common control, the financial statement shall
be adjusted on the basis of the fair value of the identifiable net assets on the acquisition date.
All the major balances, transactions and the unrealized profits of the company shall be offset in the preparation of
the consolidated financial statement.
Those not belong to the company in the shareholders’ equity and the current net profit or loss of the subsidiaries
shall be respectively as the minority equity and the minority interest income and individually listed under the
shareholders’ equity and the net profit of the consolidated financial statement. The minority equity portion from
the net profit or loss in current period shall be as “minority interest income” and listed under the net profit in the
consolidated financial statement. Moreover, the minority equity is still offset even if the losses of the subsidiaries
undertaken by the minority shareholders are beyond the portion of the shareholders’ equity shared by the minority
shareholders of the company at the beginning of period.
When the control on the original subsidiaries lost due to the disposal of partial equity investment or other reasons,
the remaining equity should be measured again according to the fair value on the control lost date. The difference
of the consideration acquired by the disposal of equity and the fair value of the surplus equity minus the net assets
portion of the original subsidiaries calculated from the purchase date as per the original stock proportion shall be
recorded into the current investment income after the control lost. Other comprehensive returns relevant to the
original subsidiary shares investment shall be disposed through the accounting treatment on the same basis of the
direct disposal of the relevant assets or liabilities by the acquiree when the control lost (Namely, all the rest are
transferred into the current investment incomes, with the exception of the changes caused by the net liabilities or
the net assets of the defined benefit plans re-measured by the original subsidiaries). Thereafter, the subsequent
measurement shall be made for the rest equity according to the relevant provisions of “Accounting Standards for
Business Enterprises No. 2 – Long-term Equity Investment” or “Accounting Standards for Business Enterprises
No. 22 – Recognition and Measurement of Financial Instruments”. For the details, please see Notes 3.14 “Long-
term Equity Investment” or Notes 3.10 “Financial Instruments”.
For the equity investment in the subsidiary through the step-by-step disposal of multiple transactions till the
control right lost, the company should respectively dispose all the transactions if belong to the package deal. As
long as the terms, conditions and economic influence on all the transactions of the disposal of the equity
investment in the subsidiary meet one status below, it usually shows that the multiple transactions matters should
be conducted the accounting treatment as the package deal: ① these transactions are made simultaneously or
under the consideration of the influence each other. ② these transactions shall be as the whole to achieve one
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
complete business results. ③ one transaction occurs depending on the appearance of other one transaction at least.
④ one transaction is economic under the consideration with other transactions even if it is not economic when
individually considerate. For the non-package deal, each transaction shall be respectively conducted the
accounting treatment according to the applicable principles of “Partial Disposal of Long-term Equity Investment
in Subsidiary without Control Lost” (please refer to (2) ④ in Note 3.14) and “The Control on Original Subsidiary
Lost due to Disposal of Part of Equity Investment or Other Reasons” (details please see forepart). For the package
deal from the transactions after the disposal of equity investment in the subsidiary till the control right lost, the
transactions shall be as one transaction of the disposal of subsidiary and the control lost for the accounting
treatment. Therefore, every balance between the net assets proportion of the subsidiary shared relative to the
disposal price and the disposal investment before the control right lost, shall be recognized as other
comprehensive incomes in the consolidated financial treatment and transferred into the current profits and losses
when the control lost.
7. Joint venture arrangements classification and Co-operation accounting treatment
Joint enterprise arrangement is two or more parties jointly control the enterprise. The company enjoys rights and
bears obligations based on joint enterprise arrangement. Joint enterprise arrangement is composed of joint
operation and joint enterprises. Joint operation means the company has the right to arrange related assets and
related liabilities. Joint enterprises means the company only has the right to arrange the net asset.
The company adopts equity method to calculate investment to joint enterprises by referring to accounting policies
stated in "Long-term Stock Ownership for Equity Method Calculation" (please refer to (2) ② in Note 3.13)
As one party of joint operation, the company confirms assets and liabilities only held by itself and confirms joint
assets and liabilities as proportion of the company’s shares; confirm incomes from sales and production in the way
of joint operation as proportion of the company’s shares; confirm the company’s own expenses and all expenses in
the way of joint operation as proportion.
As a party of joint operation, the company funds or sells assets (not used for operation, the same below) of joint
operation or purchases assets from joint operation. Before the assets are sold to a third party, the company only
confirms the loss and benefit in the trade which belong to other parties in the joint operation. In case the assets is
in conformity to the asset impairment loss regulated in Asset Impairment --No.8 of Accounting Criteria for
Enterprises, the company confirms all losses in full amount for the company funding or selling assets of joint
operation. The company confirms the loss as proportion of shares for the company purchasing assets from joint
operation.
8.Recognition criteria of cash and cash equivalents
For the purpose of preparing the statement of cash flows, the term “cash” refers to cash on hand and deposits of
that are readily available for payment. And the term “cash equivalents” refers to short-term (maturing within three
months from acquisition) and highly liquid investments that are readily convertible to known amounts of cash and
which are subject to an insignificant risk of change in value.
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9. Foreign currency business and foreign currency translation
（1）Translation Method of Foreign Currency Transaction
The shot exchange rate (usually refers to the middle rate at the date of currency exchange published by the
People’s Bank of China, hereinafter inclusive) on the transaction date is adopted to convert to the amount of
functional currency when the foreign currency transaction issued in the company is initially recognized. However,
the foreign currency exchanges or the transactions relative to the foreign currency exchanges occurred in the
company shall be translated into the amount of functional currency as per the actually adopted exchange rate.
（2）Translation Method for Monetary Items of Foreign Currency and Non-monetary Items of Foreign Currency
On the balance sheet date, the monetary items of foreign currency are translated as per the shot exchange rate on
the balance sheet date, and the foreign exchange conversion gap arising from which shall be recorded into the
profits and losses of the current period, except for ① the balance of exchange arising from special foreign
currency borrowings for the purchase and construction of qualified assets subject to the principle of borrowing
costs. ② the exchange balance generated from other book balances in the foreign currency monetary items
available for sale with the exception of the post-amortization costs shall be recorded into other comprehensive
incomes.
When it involves overseas business in preparing the consolidated financial statement, for the translation difference
of foreign currency monetary items of net investment in overseas business arising from the change in exchange
rate, it shall be recorded into the other comprehensive income; and be recorded into disposal gains and losses at
current period when disposing overseas business.
The non-monetary items of foreign currency measured at the historical cost shall still be measured by the amount
of functional currency translated at the spot exchange rate on the transaction date. The non-monetary items of
foreign currency measured at the fair value shall be translated at the spot exchange rate on the fair value
recognized date, and the gap of the translated amount of functional currency and the original the amount of
functional currency shall be as the fair value variation (change in exchange rate included) to make treatment and
recorded into the current profits and losses or recognized as other comprehensive incomes.
（3）Translation Method of Foreign Currency Financial Statement
For the overseas business operation involved in the preparation of the consolidated financial statement, the
exchange balance arising from the change in exchange rate for the foreign currency monetary items of the net
investment in the overseas business, shall be as “translation reserve of foreign currency statement” and recognized
as other comprehensive incomes. The profits and losses of the current disposal period shall be recorded when
disposal of the overseas business operations.
The foreign currency financial statement of the overseas business operation shall be translated as RMB
statement as per the following methods: the assets and liabilities in the balance sheet shall be translated at a spot
exchange rate on the balance sheet date. For the shareholders’ equity items, other items shall be translated at a spot
exchange rate when occurring, except for the “undistributed profit” items. The earnings and expenses items in the
profit statement shall be translated at a spot exchange rate on the transaction date. Moreover, the Retained
Earnings at the beginning of this year are the profits translated at the end of last year which shall be distributed
and listed all the items measurement as per the translated profits. The difference between the translated assets
items and the sum of the liability’s items and the shareholders’ equity items shall be as the translation reserve of
foreign currency statement and recognized as other comprehensive incomes. When disposing the overseas
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business operation and losing the control right, the translation reserves of foreign currency statement related to the
overseas business operation which listed in the shareholders’ equity items in the balance sheet, are all recorded
into the current disposal profits and losses or shifted as per the disposal proportion of the overseas business
operation.
The cash flows of foreign currency and overseas subsidiary shall be translated at the spot exchange rate on the
cash flow date. The influence amount of the change in exchange rate on the cash shall be individually listed and
reported as the adjustment items in the cash flow statement.
The amount at the beginning of this year and the actual amount of last year shall be listed according to the
translated amount of the financial statement.
If the control on the overseas business operation lost due to the disposal of partial equity investment or other
reasons when disposing all the owners’ equity of the overseas business operation of the company, the translation
reserves of foreign currency statement belong to the owners’ equity of the parent company related to the overseas
business operation which listed in the shareholders’ equity items in the balance sheet, are all recorded into the
current disposal profits and losses.
If the held equity proportion of the overseas business operation reduced due to the disposal of partial equity
investment or other reasons, but the control on the overseas business operation not lost, the translation reserves of
foreign currency statement related to the partial disposal of the overseas business operation shall be belong to the
minority equity and not recorded into the current profits and losses. When disposing partial equity of the joint
ventures or the cooperative enterprises of the overseas business operations, the translation reserves of foreign
currency statement related to the overseas business operations shall be recorded into the current disposal profits
and losses as per the disposal proportion of the overseas business operations.
10 Financial instruments
A financial instrument refers to a contract that concludes the financial assets of one party and the financial
liabilities or equity instruments of another party. Related financial assets or financial liabilities are recognized
when the company becomes a party to a financial instrument contract.
Financial assets and financial liabilities are measured at fair values at the initial recognition: (i) for the
financial assets and financial liabilities measured at fair values with variations recorded into the current profits and
losses, related transaction expenses are directly recorded into the current profits and losses;(ii) for other kinds of
financial assets and financial liabilities, related transaction expenses are included in the initial recognition
amounts. Furthermore, subsequent measurements of financial assets and liabilities are decided by their own
classifications.
A financial asset or financial liability that qualified with one of the following conditions are indicating its
transactional purposes: (i) the purpose of acquiring relevant financial assets or assuming relevant financial
liabilities is mainly made for the purpose of selling or repurchasing in the near future; (ii) the initial confirmation
is a part of the identifiable portfolio of financial instruments under centralized management, and there is objective
evidence that the short-term profit model actually exists in the near future;(iii) where it is defined as the derivative
instrument, but conforms to the financial guarantee contract definition and is designated as an effective hedging
instrument of the derivative instruments.
（1）Debt Instruments
Debt instruments refer to the instruments that conform to the definition of financial liabilities from the
perspective of the issuers. The classifications and subsequent measurements of debt instruments depends on the
company's business models for financial assets management and the contractual cash flow characteristics of
financial assets. Where it fails to pass the cash flow characteristic test, direct classification as a financial asset
measured at fair values shall be adopted with variations to be recorded into the current profits and losses; where it
succeed to pass the cash flow characteristic test, its classification shall be determined on the business model of
financial assets management, and its qualification as a financial asset measured at fair values, of which variations
shall be recorded into the current profit and loss.
1) To be measured at amortized costs.
The company's business models for the management of such financial assets are aimed at the collection of the
contract cash flows, of which the characteristics of the contract cash flow shall be consistent with the benchmark
lending arrangement, that is, the cash flows generated at a certain date are referred to the payment of the principal
and the interest based on the outstanding principal amount only while the financial assets are not designated to be
measured at fair values, but their variations are recorded into the current profits and losses. However, the company
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
recognizes interest incomes for such financial assets in accordance with the effective interest rate methods. The
profits or losses of such financial assets due to the termination of recognition together with the losses as a result of
the impairment are directly recorded into the current profits and losses.
2) To be measured at fair values with its variations included in other comprehensive incomes.
The company's business model for managing such financial assets is both to receive the contract cash flows
and to sell, of which the characteristics of the contract cash flows shall be consistent with the benchmark lending
arrangements, that is, the cash flow generated at a certain date is only the payment of the principal and the interest
based on the outstanding principal amount while the financial assets are not designated to be measured at fair
values, but their variations are recorded into the current profits and losses. However, such financial assets are
measured at fair values and their variations are included in other comprehensive incomes, but impairment losses
or gains, exchange gains & losses and interest incomes calculated according to the actual interest rate method are
included in the current profits and losses. Furthermore, variations in fair values accumulated into other
comprehensive incomes will be carried forward to the current profits and losses when the recognition of such
financial assets is terminated. Such financial assets are listed as other lending investments.
3) To be measured at fair values with variations booked into the current profits and losses.
Debt instruments held by the company that are not divided into those measured at amortized costs and those
measured at fair values with their variations recorded in other comprehensive incomes are measured at fair values
and their variations are recorded into the current profits and losses, of which those classified as financial assets are
measured at fair values with variations recorded into current profits and losses are listed as transactional financial
assets or other non-current financial assets.
（2）Equity Instruments
An equity instrument is one that is analyzed from the perspective of the issuers in accordance with the
definition of an equity instrument. Equity instrument investments is measured at fair values with variations
recorded into current profits and losses, which are listed as transactional financial assets, except that the
management of the company that is specified to be measured at fair values with variations recorded into other
comprehensive incomes. Items designated to be measured at fair values with variations included in the
comprehensive incomes are listed as the investments of other equity instruments, of which related changes in fair
values shall not be carried forward to the current profits and losses, and such designation shall not be revoked
once made. However, related dividend gains are booked into the current profits and losses, and no impairment
provision is included in the other equity instruments. When terminate recognition, the accumulated gains or losses
as previously recorded in other comprehensive incomes are transferred from other comprehensive incomes and
recorded in retained earnings.
（3）Financial Liabilities
Financial liabilities are classified as financial liabilities and other financial liabilities which are measured at
fair values with variations to be recorded into the current profits and losses at the initial recognition.
Financial liabilities measured at fair values with variations recorded into the current profits and losses
includes trading financial liabilities and financial liabilities that are specified to be measured at fair values with
variations booked into the current profit and loss. Financial liabilities can be designated as financial liabilities to
be measured at fair values at the initial measurement with their variations recorded into the current profits and
losses upon the any of the following conditions:
1）the designation can eliminate or significantly reduce the accounting mismatches;
2）The portfolio of financial liabilities or the portfolio of financial assets and financial liabilities is managed
and evaluated on the basis of fair values, and reported to key management within the company thereafter
according to the risk management or investment strategies stated in the official written documents. Such
designation shall not be revoked once made.
For financial liabilities designated to be measured at fair values with variations recorded in the current profits
and losses, variations in fair values caused by changes in the company's own credit risks shall be recorded in other
comprehensive incomes, while variations of other fair values are booked into the current profits and losses.
Furthermore, when terminate the recognition of such financial liabilities, the accumulated gains or losses as
previously recorded in other comprehensive incomes are transferred from other comprehensive incomes and
recorded in retained earnings.
Other financial liabilities of the company mainly include short-term loans, long-term loans and the like. For
such financial liabilities, effective interest methods are adopted with subsequent measurement to be made
according to the amortized costs.
（4）Termination Recognition of Financial Assets and Financial Liabilities
A financial asset shall be terminated upon one of the following circumstances:
1) The contractual right to receive the cash flow of the financial assets is terminated;
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2) The financial asset with almost all the risks and rewards from the ownership of the financial assets have
been transferred to the transferee;
3) Although the company has neither transferred nor retained nearly all the risks and rewards in the ownership
of the financial asset, the financial assets of the company have been transferred and have relinquished control of
the financial assets.
Where the current obligations of a financial liability (or any part thereof) have been discharged, the company
ceases to recognize such financial liability (or any part thereof).
（5）Impairment of Financial Instruments
The company carries out impairment accounting treatment to the financial instruments based on expected
credit losses and confirms loss provisions. Expected credit loss refers to the weighted average credit losses of
financial instruments by the risks of defaults, and credit losses refer to the difference between all contract cash
flow receivable under the contract as well as all cash flows expected to be collected that discounted at the original
real interest rates, that is, the present values of all cash shortfalls.
Measuring methods of the company's expected credit losses on financial instruments reflects the following
factors: unbiased probability weighted averages as determined by a range of possible outcomes; the time value of
money; reasonable and informed information about past events, current conditions and future economic conditions
available up to the balance sheet date without unnecessary additional costs or efforts. The company determines the
expected credit losses of relevant financial instruments in the following manners:
1) For financial assets, the credit losses are the present values of the difference between the contract cash
flows and the expected cash flows payable by the company;
2) For leasing receivables, the credit losses are the present values of the difference between the contract cash
flows and the expected cash flows payable by the company;
3) For any uncommitted loan commitment, the credit losses are the present values of the difference between
the contract cash flows payable by the company and the cash flows expected to be collected if the loan
commitment holder withdraws corresponding loans. The company's estimations on the expected credit losses of
the loan commitment are consistent with its expectations on the utilization of the loan commitments;
4) In the case of a financial guarantee contract, the credit losses are the present values of the difference
between the amount the company expects to receive from the contract holders, debtors or any other party, and the
amount of money the company expects to pay to the contract holder in respect of the credit losses incurred by the
contract holder;
5) In the case of a financial asset whose credit impairment has occurred on the date as indicated by the
balance sheets but is not purchased or originated, the credit losses are referred to the difference between the book
balance of the financial assets and the present values of the estimated future cash flow discounted at the original
real interest rates.
Three stages are adopted to identify expected credit losses by assessing whether its credit risks have increased
significantly since its initial recognition together with considerations to the reasonable and evidence-based
information (including forward-looking information) on each balance sheet date. In the case that the credit risk
has not increased significantly since the initial confirmation, the expected credit losses are defined as the first
stage, and the loss provisions are measured according to the expected credit losses of the financial instruments
within the next 12 months; where the credit risk has increased significantly since the initial confirmation but no
credit impairment has occurred, the expected credit losses are defined as the first stage, and the loss provisions are
made according to the expected credit losses of the financial instruments for the entire duration; in the event that a
credit impairment has occurred since the initial recognition, the expected credit losses are defined as the third
stage, and the loss provisions are measured in accordance with the expected credit losses of the financial
instruments throughout its duration. For financial instruments of the first and second stages, the interest income
shall be calculated according to the book balance and the actual interest rates; for financial instruments of the third
stage, the interest income shall be determined according to its amortized costs and the real interest rates.
For purchased or originated financial assets with credit impairment, only the cumulative variations in the
expected credit losses during the entire period (up to the date as indicated by balance sheet) after the initial
recognition are recognized as loss provisions, and its interest gains are determined according to the amortized
costs of financial assets and the real interest rates as adjusted by credit.
An increase or reversal of the loss provisions is recorded as an impairment loss or gain of the current period.
For debt instruments as held at fair values with variations recorded into othercomprehensive incomes, impairment
losses or gains are recorded into the current profits and losses, and other comprehensive incomes is adjusted
synchronously.
A. Provisions of the company for the losses are measured on the expected credit losses for the entire duration
The company divides notes and accounts receivable into several combinations and calculates the expected
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credit losses with reference to the combination based on the characteristics of credit risks.
For notes receivable by portfolios, the expected credit losses are calculated by the default risk exposures and
the expected credit loss rates of the entire duration with reference to company's historical credit loss experience,
and the combination with the current situation and the forecast of future economic conditions. Determining basis
of the portfolios is as follows:
Portfolio A of notes receivable trade acceptances
Portfolio B of notes receivable bank acceptances
For accounts receivable by portfolios, a comparison table of the expected credit loss rates is prepared between
the age of accounts receivable and the entire duration to calculate the expected credit losses with reference to
company's historical credit loss experience, and the combination with the current situation and the forecast of
future economic conditions. Determining basis of the portfolios is as follows:
Portfolio A of accounts receivable vintage analysis
Portfolio B of accounts receivable specific identification
The company divides other receivables and long-term receivables into several portfolios according to the
characteristics of credit risks and calculates the expected credit losses on the basis of such portfolios when
individual other receivables and long-term receivables fails to obtain the information to assess the expected credit
losses at a reasonable cost. Determining basis of the portfolios is as follows:
Portfolio A of other receivables deposits and securities receivable
Portfolio B of other receivables advanced money receivable
Portfolio A of long-term receivables lease receivables
For lease receivables by portfolios, the expected credit losses are calculated by the default risk exposures and
the expected credit loss rates of the entire duration with reference to company's historical credit loss experience,
and the combination with the current situation and the forecast of future economic conditions. For other
receivables and long-term receivables divided into combinations other than lease receivables, the expected credit
losses are calculated by the default risk exposure and the expected credit loss rates for the next 12 months or the
entire duration.
（6）Derivatives and Embedded Derivatives
Derivatives of the company's mainly include forward contracts, futures contracts and swap contracts.
Derivatives are initially measured at the fair values at the execution dates of the derivative trading contracts, and
are subsequently measured at their fair values thereafter. The gains or losses arising from the variations in the fair
values of the company's derivatives are directly recorded into the current profits and losses.
Embedded derivative refers to the derivatives that are embedded in the non-derivative instruments (i.e., the
master contracts), which constitutes the hybrid contracts with the master contracts. Where the master contracts
contained inside the hybrid contract are assets regulated by the Standards for Financial Instruments, the company
does not split the embedded derivatives from the hybrid contracts, and instead, the hybrid contracts are applied as
a whole to relevant provisions of the financial instrument criterion on the classification of financial assets.
In the case that the master contracts contained in the hybrid contracts are not assets under the financial
instrument criterion but meet the following conditions, the company splits the embedded derivative from the
master contracts and settle as separate derivatives:
1) The economic characteristics and risks of the embedded derivative instruments are not closely related to
the economic characteristics and risks of the master contracts.
2) Separate instruments with terms associated with embedded derivatives are conforming to the definition of
derivatives;
3) The hybrid contracts are not measured at fair values and its variations are recorded into the current profits
and losses for accounting settlements.
（7）Offsets of Financial Assets and Liabilities
When the company is legally entitled to offset the recognized financial assets and financialliabilities, and such
right is currently enforceable, and when the company plans to settle such financial assets and pay off the financial
liabilities on a net basis or liquidate the financial assets and liabilities, the amount of financial assets and financial
liabilities offset against each other are stated in the balance sheets. In addition, financial assets and financial
liabilities are shown separately in the balance sheets and are not offset against each other.
（8）The Fair Values Determination of Financial Instruments
For financial instruments with active markets, the fair values of assets are determined by the price the market
participant who would have to pay to receive or transfer a liability from the sale of such asset in an orderly
transaction on the measurement date. Where there are financial instruments without active markets, the fair values
is determined by valuation methodologies. In the valuations, the input values consistent with the characteristics of
the assets or liabilities as considered by the market participants in the transaction of the relevant assets or
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liabilities, together with relevant observable input values as preferred reference are adopted by the company
through the valuation techniques that are applicable in the current situation and are supported by sufficient data
and other information available. An un-observable input value is adopted when relevant observable input values
cannot be obtained or is not feasible to obtain
11.Notes receivable
12.Account receivable
13. Financing of receivables
14.Other account receivable
Determination method of expected credit loss of other receivables and accounting treatment method
15. Inventories
（1）Classification of inventories
Inventories are classified into: raw materials, work in progress, finished goods, turnover materials, low-value
consumables, packaging materials, etc.
（2）Obtaining and Measurement of Inventories
The perpetual inventory systems are adopted for this enterprise's inventories. The inventories shall be measured by
their actual cost when they are obtained. raw materials, works in progress, finished goods, etc. shall be measured
with the weighted average method when they are being sent out. Low-value consumption goods shall be written
off by one-off write-off method when they are withdrawn for use. Circulation packaging materials shall be
recorded into cost according to the predicted usage times.
（3）Methods to make provision for loss on decline in value of inventories
If the cost of inventories is higher than the net realizable value at the end of each period, this enterprise shall make
the provision for the loss on decline in value of inventories. This enterprise makes provision for the loss on
decline in value of inventories on the ground of each item of inventories. If the factors causing any write-down of
the inventories have disappeared, the amount of write-down shall be resumed and be reversed from the provision
for the loss on decline in value of inventories that has been made.
（4）Method for confirming the net realizable value of inventories
The net realizable value of inventories refers to the amount of the estimated selling price, less the estimated costs
of completion, the estimated selling costs and related tax payments.
16. Contract assets
The company presents contract assets or liabilities in the balance sheet according to the relationship between
performance obligation and customer payment. Contract assets are the right of the company to receive
consideration for the goods transferred to the customer, and the right depends on other factors other than the
passage of time. Contract liability is the obligation of the company to transfer goods to the customer for the
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consideration it has received or receivable from the customer.
The contract assets are prepared for impairment according to the expected credit loss method. No matter whether
it contains significant financing components or not, the company measures its loss provision according to the
amount of expected credit loss in the whole duration on the balance sheet date. If the expected credit loss is
greater than the book amount of current contract asset impairment provision, the difference is recognized as
impairment loss, otherwise, it is recognized as impairment gain. The relevant contract assets are deemed to be
unable to be recovered and have actual impairment loss, which shall be written down after approval.
On the balance sheet date, the contract assets and liabilities are listed separately due to different contracts. For
contract assets and contract liabilities under the same contract, the net amount is shown as the debit balance, and
the contract assets or other non-current assets are listed respectively according to their liquidity. If the provision
for impairment has been accrued, the balance at the end of the period minus the provision for impairment of
contract assets shall be listed; If the net amount is the credit balance, it shall be listed as contract liabilities or other
non-current liabilities according to their liquidity.
17. Contract costs
18. Held-for-sale assets
The Company will retrieve its book value by means of selling assets (including the exchange of commercial non-
monetary assets) instead of sequentially using a non-monetary asset or a disposal group, and when meeting two of
the following conditions, the book value will be divided into held-for-sale category: (1) When a certain non-
monetary assets or a certain disposal group sells such kind of assets in similar transactions in accordance with the
convention , assets can be sold immediately under the current situation. (2)The Company has made decision for
the selling plans and has acquired assured purchase commitment, predicting that selling will be completed within
one year.( The selling, which can only be sold after acquiring approval from relevant authorities or supervision
departments according to relevant provision requirement , has acquired its approval ).
The Company will be specifically for dividing the non-current assets or disposal group which are acquired from
reselling into on-sales category on acquisition date if on acquisition date they can meet the stipulated condition
that the predicted selling will be completed within one year , and in a short term (usually 3 months) they are likely
to meet other conditions of dividing into on-sales category.
When the non-monetary assets and disposal group were measured by the Company at the beginning or remeasured
and divided into held-for-sale category on balance sheet date, if its book value is higher than the net amount after
fair value deducts selling expense, the book value will be written down to the net amount after fair value deducts
selling expense, and the written-down amount will be confirmed as assets impairment losses and counted into the
current profits and losses, and the impairment provision with held-for-sale assets will be withdrawn in the
meanwhile. For the held-for-sale disposal group’s confirmed amount of loss of asset impairment, the book value
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of goodwill will be deducted first, and its book value will then be deducted proportionally according to the book
value’s percentages of all non-current assets in the disposal group which can be adopted by the measurement
stipulations of Accounting Standards for Business Enterprises NO.42- Held-for-sale Non-current Assets, Disposal
Groups and Operation Termination
If any increment occurs in the net amount after the held-for-sale non-current assets on the subsequent balance
sheet date deducts selling expense, the amount deducted previously will be recovered and will be transferred back
within the amount of asset impairment losses confirmed after being divided into held-for-sale category, and the
amount transferred back will be counted into the current profits and losses. There will be no restitution for asset
impairment losses confirmed before being divided into held-for-sale category. The amount deducted previously of
held-for-sale disposal group shall be recovered, and when after being divided into held-for-sale category, it will be
transferred back within the amount of impairment confirmed by non-current assets by the means of the measure
stipulations of Accounting Standards for Business Enterprises NO.42- Held-for-sale Non-current Assets, Disposal
Groups and Operation Termination, and the amount transferred back will be counted into the current profits and
losses. There will be no restitution for the book value of goodwill which has been deducted and for asset
impairment losses confirmed before being divided into held-for-sale category which can be adopted by the
measure stipulation of this principle.
Non-current held-for-sale assets or non-current assets in the disposal group shall not be depreciated or amortized,
and interest and other expenses on liabilities held in the disposal group for sale shall continue to be recognized.
When the non-current assets or the disposal group can not meet the conditions of dividing into on-sales category,
the Company will not continue to divide it into on-sales category or remove the non-current assets from the on-
sales disposal group, and the valuation will be made according to the lower one between two of followings: （1）
Book value before being divided into on-sales category, and the amount of money after being under the situation
where book value is supposed not to be divided into on-sales category and adjustment is made in depreciation,
amortization or impairment which should have been confirmed. （2）Recoverable amount.
When derecognizing the on-sales non-current assets or disposal group, the Company will count the gains and
losses which are yet to be confirmed into the current profits and losses.
19. Creditor's investment
20.Other creditor's investment
21.Long-term account receivable
22. Long-term equity investment
The long-term equity investment in this section refers to the long-term equity investment of this enterprise that is
able to control to or does joint control with or significant influences over the invested enterprise. For the long-
term equity investment of this enterprise that is not able to control to or does not do joint control with or have
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significant influences over the invested enterprise, this enterprise shall record it as available-for-sale financial
asset or the financial asset measured by its fair value with its changes in fair value recorded into the profits or
losses of current period as the changes. For details of its accounting policy, please refer to Note 3.10 "Financing
Instruments".
The term "joint control" refers to the joint control over an arrangement of this enterprise in accordance with the
contracts and agreements, and decisions over relevant activity of such arrangement shall not be unless the assent
on sharing the control power. The term "significant influences" refers to this enterprise's power to participate in
making decisions on the financial and operating policies of the invested enterprise, but not to control or do joint
control together with other parties over the formulation of these policies.
（1）Determination of investment cost
For the merger of enterprises under the same control, it shall, on the date of merger, regard the share of the book
value of the owner's equity of the merged enterprise as the initial cost of the long-term equity investment. The
difference between the initial cost of the long-term equity investment and the payment in cash, no-cash assets
transferred as well as the book value of the debts borne by the merging party shall offset against the capital
reverse. If the capital reserve is insufficient to dilute, the retained earnings shall be adjusted. If the consideration
of the merging enterprise is that it issues equity securities, it shall, on the date of merger, regard the share of book
value of the owner’s equity of the merged enterprise as the initial cost of the long-term equity investment. The
total face value of the stocks issued shall be regarded as the capital stock, while the difference between the initial
cost of the long-term equity investment and total face value of the shares issued shall offset against the capital
reserve. If the capital reserve is insufficient to dilute, the retained earnings shall be adjusted. For the merger of
enterprises under the same control through gaining the shares of the combined enterprise by multiple steps of
deals, it shall deal with it in the following two ways depending on that if it belongs to "a package deal": if it
belongs to "a package deal", it shall deal with all the deals as one obtaining the control power; if it does not belong
to "a package deal", it shall, on the date of merger, regard the share of book value of the owner’s equity of the
merged enterprise as the initial cost of the long-term equity investment. The total face value of the stocks issued
shall be regarded as the capital stock, while the difference between the initial cost of the long-term equity
investment and total face value of the shares issued shall offset against the capital reserve. If the capital reserve is
insufficient to dilute, the retained earnings shall be adjusted. The equity investment held by this enterprise before
the date of merger shall be accounted for by equity method, or shall be recorded as the other comprehensive
income recognized as available-for-sale financial asset and not accounted for.
For the merger of enterprises not under the same control, it shall, on the date of merger, regard the share of the
book value of the owner's equity of the merged enterprise as the initial cost of the long-term equity investment.
The merger costs include the assets paid, liabilities occurred or borne and sum of the fair value of the equity
securities issued by the purchaser. For the merger of enterprises not under the same control through gaining the
shares of the combined enterprise by multiple steps of deals, it shall deal with it in the following two ways
depending on that if it belongs to "a package deal": if it belongs to "a package deal", it shall deal with all the deals
as one obtaining the control power; if it does not belong to "a package deal", it shall, on the date of merger, regard
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the sum of book value of the owner’s original equity of the merged enterprise and the newly increased investment
cost as the initial cost of the long-term equity investment. For the shares originally held by this enterprise
accounted for by weighted equity method, the relevant other comprehensive income shall not be accounted for
temporarily. For the equity investment accounted for as available-for-sale financial asset, the difference of its fair
value and its face value and the accumulated changes in its fair value originally recorded as other comprehensive
income shall be switched to the profits or losses of the current period.
The audit cost, law service cost, evaluation and consultation fees and agent commissions as well as other related
administration costs occurred and borne by the merging or purchasing enterprise for the purpose of merger, shall
be recorded into the profits or losses of current period at the time when the costs occurred.
Other equity investments except the long-term equity investment formed by merger of enterprises shall be initially
ascertained by their costs which, depending on the different ways in acquiring the long-term equity investments,
shall be recognized separately as cash purchasing prices actually paid by this enterprise, fair value of the equity
securities issued by this enterprise, agreed value of the investment contracts or agreements, fair value or original
book value of the assets obtained by exchange of no-monetary assets, the fair value of the long-term equity
investment itself, etc. The relevant expenses, tax payments as well as other necessary expenses directly associated
with obtaining the long-term equity investment shall be recorded into the investment costs as well. If this
enterprise is able to do joint control or significant influence, which does not constitute control, over the invested
entity as a result of additional investment, the long-term equity investment cost shall be the sum of the fair value
of the equity investment ascertained in accordance with the Accounting Standards for Enterprises No. 22 -
Recognition and Measurement of Financial Instrument and the cost of the increased investment.
（2）Subsequent measurement and recognition of profit or loss
A long-term equity investment of this enterprise that does joint control (not including joint venture) or significant
influences over the invested entity shall be measured by employing the equity method. Besides, the cost method is
employed in this enterprise's financial reports to measure the long-term equity investment that could form control
over the invested entity.
① Long-term equity investment calculated under the cost method
The price of a long-term equity investment measured by employing the cost method shall be included at its initial
investment cost. If there are additional investments, the cost of the long-term equity investment shall be adjusted.
Except the prices actually paid when obtaining the investment or cash dividends or profits being approved in the
consideration but not yet issued, the investment income of the current period shall be recognized in accordance
with the cash dividends or profits being approved by the invested entity.
② Long-term equity investment calculated under the equity method
If the initial cost of a long-term equity investment is more than the investing enterprise's attributable share of the
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fair value of the invested entity's identifiable net assets for the investment, the initial cost of the long-term equity
investment may not be adjusted. If the initial cost of a long-term equity investment is less than the investing
enterprise's attributable share of the fair value of the invested entity's identifiable net assets for the investment, the
difference shall be included in the current profits and losses and the cost of long-term equity investment shall be
adjusted simultaneously.
When employing the equity method, this enterprise shall, in accordance with the attributable share of the net
profits or losses of the invested entity, recognize the investment profits or losses and adjust the book value of the
long-term equity investment. This enterprise shall, in the light of the profits or cash dividends declared to
distribute by the invested entity, calculate the proportion it shall obtain, and shall reduce the book value of the
long-term equity investment correspondingly. Where any change is made to the owner's equity other than the net
profits and losses of the invested entity, the book value of the long-term equity investment shall be adjusted and
included in the capital reserves. This enterprise shall, on the ground of the fair value of all identifiable assets of
the invested entity when it obtains the investment, recognize the attributable share of the net profits and losses of
the invested entity after it adjusts the net profits of the invested entity. If the accounting policies and accounting
periods adopted by the invested entity are different from those adopted by this enterprise, an adjustment shall be
made to the financial statements of the invested entity in accordance with the accounting policies and accounting
periods of this enterprise and recognize the investment profits or losses and other comprehensive incomes. For the
transactions between this enterprise and its joint ventures and associated entities, where the assets invested or sold
do not constitute a business, the unrealized internal transaction profits or losses shall be calculated in accordance
with proportion shared, with the proportion shared by this enterprise offset and recognize the investment profits or
losses based thereof. However, if losses occurred in the internal transaction between the invested entities is the
impairment loss of transferred assets, they shall not be offset. When the assets invested by this enterprise to its
joint ventures or associated entities constitute a business, and the investing party obtains long-term equity but
without control power, the fair value of the invested business shall be recognized as the initial investment cost of
the additional long-term equity investment. The total difference between the original investment cost and the book
face of the invested business shall be recorded into the profits or losses of the current period. If the assets
purchased from the joint ventures or associated entities constitute a business, this enterprise shall account for the
business in accordance with this enterprise Accounting Standard No. 20 - Business Combinations, with the total
profits or losses associated with the transaction recognized.
The Company bears the net losses of its invested business to the limit of the book value of its long-term equity
investment and other long-term equity that in real terms constitutes investment on the business. For additional loss
of its invested business, if the Company is obligated to undertake, it shall be recognized as estimated liabilities
accordingly and recorded in current investment losses. If the invested business earns profits afterwards, the
Company shall reinstate and recognize its share of gains after compensating its unrecognized share of losses.
③ Purchase of minority interest
While compiling consolidated financial statements, the Company adjusts its capital reserve in terms of the
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difference between the increase of long-term equity investments due to purchase of minority interest and its share
of the subsidiaries’ net assets since the purchase (or combination) date or dates. If its capital reserve is not
sufficient to write down the difference, then the Company adjusts its retained income.
① Disposal of long-term equity investment
In consolidated financial statements, the Company records in shareholders’ equity the difference between partial
disposals of its long-term equity investments in its subsidiaries and its share of the subsidiaries’ net assets if it
does not lose control of the subsidiaries; and if such partial disposals result in loss of its control of the subsidiaries,
the difference shall be treated in accordance with the accounting policies related and specified in “Compiling
Principles for Consolidated Financial Statements”. ( Please refer to (2) in Note 3.6 )
For disposals of long-term equity investments under other circumstances, the difference between the book value
and the actual received consideration is recorded in current profit and loss.
For the long-term equity investments calculated by equity method, the same method applies to the remaining
equity after disposal. Meanwhile, the other comprehensive gains originally recorded in shareholders’ equity is
treated pro rata by the same method how the invested businesses handle the accounts while directly disposing the
related assets or liabilities. The investor recognizes the ownership interest due to equity changes except net profit
and loss, other comprehensive gains and profit distribution, and carries it over pro rata to current profit and loss.
For long-term equity investments calculated by costs method, the same method applies to the remaining equity
after disposal. Other comprehensive gains calculated and recognized by equity method or recognition and
measurement principles for financial instruments before the Company obtains control of the invested businesses
are treated on the same basis that the invested businesses directly dispose the related assets or liabilities, and it
will be carried over pro rata to current profit and loss; and among the invested businesses’ net assets that are
calculated and recognized by equity method are all other equity changes than net profit and loss, other
comprehensive gains and profit distribution carried over pro rata to current profit and loss.
For disposals of long-term investment equity resulting in loss of control over the invested businesses, when
compiling individual financial statements, the Company changes to adopt equity method to calculate the
remaining equity that is still sufficient to exert joint control or significant influence, and to make adjustments as
since it was acquired; and if the remaining equity is not sufficient, it will be handled in accordance with the
relevant recognition and measurement principles for financial instruments and the difference between its fair value
and book value will be recorded in current profit and loss since the Company loses control of the invested
businesses. For other comprehensive gains recognized by equity method or recognition and measurement
principles for financial instruments before the Company obtains control over the invested businesses, the
Company adopts the same basis to handle the accounts as the invested businesses directly dispose the related
assets or liabilities, and among the invested businesses’ net assets that are calculated and recognized by equity
method are all other equity changes than net profit and loss, other comprehensive gains and profit distribution
carried over pro rata to current profit and loss. For the remaining equity calculated by equity method, other
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comprehensive gains and other ownership interests will be carried over pro rata while for those treated in
accordance with the recognition and measurement principles for financial instruments, other comprehensive gains
and other ownership interests will be carrier over entirely.
Under the circumstances that the Company loses joint control over or has no significant influence on the invested
businesses due to partial equity disposal, the remaining equity changes to be calculated in accordance with the
recognition and measurement principles for financial instruments, and the difference between its fair value on the
date that the Company loses the joint control and significant influence and the book value is recorded in current
profit and loss. For other comprehensive gains recognized due to calculation of the original equity investments by
equity method, the Company adopts the equity method no longer but the same basis to handle the accounts as the
invested businesses directly dispose the related assets or liabilities while carrying over to current profit and loss all
the ownership interest recognized due to other equity changes than net profit and loss, other comprehensive gains
and profit distribution.
If the Company gradually loses control of a subsidiary through multiple transactions, which is a package deal as a
whole, then all these transactions will be treated as control losing equity disposal, and before loss of control, the
difference between each transaction consideration and the book value of the corresponding long-term equity
investment is recognized as other comprehensive gains and in the end, carried over to current profit and loss upon
loss of control.
23. Investment property
The measurement mode of investment property
The measurement by the cost method
Depreciation or amortization method
Investment properties are properties to earn rentals or for capital appreciation or both. Examples include land
leased out under operating leases, land held for long-term capital appreciation, buildings leased out under
operating leases, (including buildings that have been constructed or developed for future lease out under operating
leases, and buildings that are being constructed or developed for future lease out under operating leases).
The Company makes initial measurement at the costs that the properties are acquired and records as part of the
property costs the subsequent expenses that could bring economic benefit inflows and be measured reliably while
other subsequent expenses as part of current profit and loss.
The company's investment property uses the cost model to carry on the follow-up measurement. Such properties
are depreciated or amortized in accordance with the relevant regulations for fixed assets or intangible assets.
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(1) Recognition criteria for fixed assets
（1）Criteria for recognition of fixed assets
Fixed assets refer to tangible assets that are held for production, services, leases or operations and the useful life
of which are over one accounting year. Fixed assets are recognized if it produces economic benefit inflows and its
costs can be measured reliably. The Company makes initial measurements on fixed assets at the costs that they are
acquired.
(2) Classification and depreciation policies of fixed assets
The company adopts the Straight-line method to carry out depreciation. The fixed assets shall begin to be
depreciated upon reaching the intended usable state, and shall cease to be depreciated upon termination of
recognition or when they are classified as non-current & held-for-sale assets. Without taking into account the
provision for impairment, the Company determines the annual depreciation rates of all types of fixed assets
according to the type of fixed assets, the expected useful life and the estimated residual value as follows:
Thereinto, the fixed asset whose asset impairment provision has been withdrawn should also have its
accumulated amount deducted to count and confirm the depreciation rate.
At the end of each year, the company reviews the useful life, estimated net residual value and depreciation
method of fixed assets. If the estimated useful life is different from the original estimate, the useful life of the
fixed assets shall be adjusted. If the estimated net residual value is different from original estimated, the estimated
net residual value shall be adjusted
（II）Depreciation method
The method for Estimated residual
Category Expected useful life Depreciation
depreciation value
Straight-line
Buildings and 25-35 3 2.77-3.88
constructions method
Straight-line
Machinery method 7-15 3 6.47-13.86
equipment
Straight-line
Transportation 8-10 3 9.70-12.13
equipment method
Straight-line
Other equipment method 5-10 3 9.70-19.40
（III）Recognition basis, pricing and depreciation method of fixed assets by finance lease
Fixed assets leased by the Company are recognized as financing leased fixed assets when they meet one or
more of the following criteria:
1) At the end of the lease term, ownership of the leased assets is transferred to the Company.
2) The Company has the option to purchase leased assets, and the contracted purchase price is expected to
be well below the fair value of the leased assets at the time of exercise of the option, So it can be
reasonably certain that the Company will exercise this option on the date of commencement of the lease.
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3) Even if ownership of the assets is not transferred, the lease term accounts for the majority of the useful
life of the leased assets.
4) The present value of the minimum lease payment of the Company at the date of commencement of the
lease is almost equivalent to the fair value of the leased assets on the date of commencement of the
lease.
5) The leased assets are of a special nature, if no major modifications are made, only the company can use
them.
Fixed assets from financial leasing are depreciated during the useful life if it is reasonable to determine
that the ownership could be obtained upon lease expiration; otherwise, the Company should choose the
shorter of the lease period and the remaining useful life to depreciate the assets.
（IV）Charge for Major repair
The Company conducts regular checking on major overhaul fee incurred in the fixed asset, and any parts of
the fee that have unambiguous evidence to indicate they conform with the condition for confirming fixed
asset will be counted into the fixed asset costs, otherwise into the profit and loss of the current period.
During the interval period of regular major overhaul, the fixed asset will be depreciated as before.
25 .Projects under construction
26. Borrowing expenses
Borrowing expenses include interest, amortization of discount or premium, auxiliary expenses, translation
differences arising from borrowings in foreign currency etc. The Company starts to capitalize the borrowing
expenses in direct connection to purchase, construction or production of the assets that meet capitalization
conditions when there are assets expenditures and borrowing expenses incurred and/or the Company starts all the
necessary events to purchase, construct or produce such assets till the assets can be used and sold. Other
borrowing expenses are recognized as costs when incurred.
The Company capitalizes the actual interest expense incurred by use of special borrowings, minus the interest
income from the remaining borrowing funds in bank or any investment income earned from the interim
investment of those borrowings; and for general borrowings, the amount to capitalize is the weighted average of
the accumulated assets expenditures in exceed of the special borrowings times the capitalization rate of the used
general borrowings, which is determined by the weighted average interest rate of the general borrowings.
During capitalization, all translation differences of special borrowings in foreign currency should be capitalized
while those of general borrowings in foreign currency are recorded in current profit and loss.
The qualifying assets to be capitalized are fixed assets, investment properties and inventories which need to be
acquired, constructed or produced through a long period of time, in order to become ready for its intended use or
sale.
The Company stops capitalization of borrowing costs if an abnormal interruption more than 3 consecutive months
occurs during purchase, construction or production of the assets that are eligible to capitalization till all those
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restart.
27. Biological assets
28. Oil-gas assets
29. Assets of the right to use
Right-of-use asset refer to the right of the company to use the leased assets during the lease term. The categories
of leased assets of the company mainly include houses and buildings, means of transport and other equipment.
On the beginning date of the lease term, the company initially measures the right-of-use asset according to the
cost, including: A. The initial measurement amount of lease liabilities; B. For the lease payment paid on or before
the beginning of the lease term, if there is lease incentive, the relevant amount of lease incentive enjoyed shall be
deducted; C. Initial direct costs incurred; D. The costs that are expected to occur to dismantle and remove the
leased assets, restore the site where the leased assets are located or restore the leased assets to the state agreed in
the lease terms, but are incurred for the production of inventories, according to the Accounting Standards for
Business Enterprises No. 1 - inventories.
After the beginning date of the lease term, the company adopts the cost model for the subsequent measurement of
the right-of-use asset, makes a decision according to the expected realization of the economic benefits related to
the right-of-use asset, depreciates the right-of-use asset with the straight-line method, and accounts for the
identified impairment losses. If the company remeasures the lease liabilities in accordance with the relevant
provisions of the lease standards, the book value of the right-of-use asset shall be adjusted accordingly.
30. Intangible assets
1 Pricing method, useful life and impairment test
The Company makes initial measurements on intangible assets in terms of the costs and determines the useful life
when obtaining the assets. For intangible assets of a limited useful life, from the time the assets are available for
use, the Company adopts the amortization method that reflects realization of the expected economic benefits, or
the straight-line amortization method if unable reliably to determine how to realize the expected economic
benefits; and no amortization are made for intangible assets of an unlimited useful life.
At the end of each year, the Company reviews the useful life and amortization methods of intangible assets of a
limited useful life and makes adjustments and accounting treatment if different from the previous estimates.
For the intangible assets that are estimated to produce no more economic benefits in the future, the Company
records the book value of such assets all in current profit and loss.
（2）Research and development expenses
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
The expenditures for internal research and development projects of an enterprise shall be classified into research
expenditures and development expenditures.
The research expenditures shall be recorded into the profit or loss for the current period.
The development expenditures shall be capitalized when they satisfy the following conditions simultaneously: It is
feasible technically to finish intangible assets for use or sale; Having the intention to complete the intangible asset
and use or sell it; The usefulness of methods for intangible assets to generate economic benefits shall be proved,
including being able to prove that there is a potential market for the products manufactured by applying the
intangible assets or there is a potential market for the intangible assets itself for the intangible assets will be used
internally; It is able to finish the development of the intangible assets, and able to use or sell the intangible assets,
with the support of sufficient technologies, financial resources and other resources; Expenditures attributable to
the development phase of the intangible assets can be measured reliably. Development expenditures that do not
meet the above conditions are included in the profits and losses of the current period.
After meeting the above conditions, the corresponding projects of the company study their technical feasibility
and economic feasibility, and enter the development stage after the formation of the project.
31 Impairment of the long-term assets
On balance sheet dates, the Company determines whether there are impairments occurring to fixed assets,
construction in progress, intangible assets of a limited life, investment properties measured in the cost model as
well as non-current and non-financial assets like the long-term equity investments on subsidiaries, joint ventures
and associated companies. If impaired, the Company estimates the retrievable amount and conducts an
impairment test. Impairment tests need to be done on goodwill, intangible assets of an unlimited life and the
intangible assets that are not yet to reach the usable status, no matter they are impaired or not.
If the impairment test result shows the retrievable amount lower than the book value, impairment provisions will
be set aside and recorded in impairment loss. The retrievable amount is the fair value of the assets minus the
disposal expenses or the present value of the estimated future cash flows of the assets, whichever is higher. The
fair value of the assets is determined in terms of the price specified in the selling agreement that is fair trade; if no
selling agreement but there is an active assets market existing, it is determined in terms of the buyer’s offer; and if
no selling agreement and active assets market, the fair value can be estimated based on the best available
information. Disposal expenses include all related legal charges, taxes, delivery fees or the direct expenses
incurred to have the assets reach the usable or sellable status. To determine the present value of the estimated
future cash flows from the assets, the Company chooses an appropriate discount rate in the light of the continual
usage of the assets and the estimated future cash flows occurring upon final disposal. Impairment provisions of the
assets are calculated and recognized on the basis of individual assets. If unable to estimate the retrievable amount
of individual assets, the Company determines the amount by reference to the asset group that includes the
individual assets. Asset groups are the minimum assets combination that independently produces cash inflows.
For the goodwill separately listed in financial statements, while an impairment test being conducted, the book
value is apportioned to the asset groups or combination of asset groups expected to benefit from the synergy
effects arising from business combinations. The Company recognizes impairment losses when the test result
shows that the retrievable amount of the asset groups or combination of asset groups is lower than their book
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
values. The impairment loss will be first used to write down the book values of the asset groups or combination of
asset groups and then those of other assets pro rata.
Once the aforesaid impairment losses are recognized, they cannot be reinstated in the future.
32. Long-term amortizable expenses
Long-term unamortized expenses are valued at the actual costs and amortized at average in an estimated beneficial
period of time. If those cannot benefit the Company in future accounting periods, the remaining will be recorded
all in current profit and loss.
33.Constract Liabilities
34. Employee compensation
1.Accounting treatment of short-term remuneration
Employee compensation refers to all kinds of rewards or compensations given in return for employees’ services or
employment termination. It includes short-term compensation, post-employment benefits, demission benefit.
Short-term compensation includes payroll, bonus, allowances and subsidies, employee welfare, medical insurance,
injury insurance and birth insurance, housing fund, labor union and employee training expenditures, non-monetary
benefits and other short-term rewards. It recognizes as liabilities the actual short-term compensation incurred
during the accounting period that the employees provide their services and records in current profit and loss or the
relevant asset costs. Non-monetary benefits are measured at the fair value.
2.Accounting treatment of benefits paid after departure
Post-service benefits mainly include defined contribution plan and defined benefit plan. The defined contribution
plan mainly includes basic pension, unemployment insurance etc. The corresponding contributions are recorded in
the relevant asset costs or current profit and loss when incurred.
When terminating labor relations before expiration of contract, or layoffs with compensations, and the Company
cannot terminate the labor relations unilaterally or reduce the demission welfare, remuneration and liabilities
produced from the demission welfare should be determined and included in current profits and losses when
determining the costs of demission welfare and recombination. However, demission welfare not fully paid within
12 months after annual Reporting Period should be handled the same as other long-term employees’ payrolls.
The inside employee retirement plan is treated by adopting the same principle with the above demission
welfare. The Company would record the salary and the social security insurance fees paid and so on from the
employee’s service terminative date to normal retirement date into current profits and losses (demission welfare)
under the condition that they meet the recognition conditions of Retained Earnings.
The inside employee retirement plan is treated by adopting the same principle with the above demission welfare.
The Company would recorded the salary and the social security insurance fees paid and so on from the
employee’s service terminative date to normal retirement date into current profits and losses (demission welfare)
under the condition that they meet the recognition conditions of Retained Earnings.
3.Accounting treatment of dismissal welfare
4 .Accounting treatment of other long term employee benefits
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
35. Lease liabilities
36. Estimated Liabilities
The Company recognizes obligations relating to contingent events as estimated liabilities if they meet the
following conditions:
A. That obligation is a present obligation of the enterprise;
B. It is probable that an outflow of economic benefits from the enterprise will be required to settle the obligation;
C. A reliable estimate can be made of the amount of the obligation.
The estimated liabilities is initially measured on the basis of the best estimate of the expenditure required to meet
the relevant current obligations, taking into account factors such as risks, uncertainties and the time value of the
currency associated with contingencies. Where the time value of the currency has a significant impact, the best
estimate is determined by discounting the relevant future cash outflows.
When all or some of the expenses necessary for the liquidation of an estimated liabilities of an enterprise is
expected to be compensated by a third party, the compensation should be separately recognized as an asset only
when it is virtually certain that the reimbursement will be obtained. Besides, the amount recognized for the
reimbursement should not exceed the book value of the estimated liabilities.
37.Share-based Payment
38 . Other financial instruments such as preferred shares and perpetual capital securities
39.Revenues
Accounting policies used for revenue recognition and measurement
Different business models of similar businesses lead to differences in revenue recognition accounting policies.
40. Governmental subsidy
Government subsidy means the Company gratuitously obtains monetary assets or non-monetary assets from the
government, not including the capital into which the government invests as an investor who has relevant
ownership interest. Government subsidies are divided into the subsidy related to assets and the other related to
earnings. Government subsidies related to monetary assets will be measured according to the amount received or
the amount receivable. Those which related to non-monetary assets will be measured according to fair value; For
any fair value which cannot be reliable to be obtained, the assets will be measured according to the nominal
amount, and the one measured according to the nominal amount will be directly counted into the current profits
and losses.
Government subsidies can only be recognized when the company is able to meet the conditions attached to
government subsidies and is able to receive government subsidies.
Government subsidies are divided into asset-related government subsidies and income-related government
subsidies. Government subsidies related to assets refer to government subsidies obtained by companies for the
purchase, construction or other formation of long-term assets. Government subsidies related to income refer to
government subsidies in addition to those related to assets.
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
The government grants pertinent to assets are recognized as deferred income and are credited to profit or loss by
stages in accordance with a reasonable and systematic method within the useful life of the pertinent assets. If the
pertinent assets are sold, transferred, scrapped or destroyed before the end of their useful life, the non-allocated
pertinent deferred income balance shall be transferred to the profit or loss of the period of assets disposal, and the
recognized government grant needs to be refunded, then it shall write down the carrying amount of the relevant
deferred income and the excess part shall be included in the current profit and loss. The government grants
pertinent to income that are used to compensate the relevant costs or losses of the subsequent period of the
enterprise are recognized as deferred income and are credited to the current profit or loss for the period when the
relevant costs, expenses or losses are recognized; those government grants used for compensating the related
expenses or losses incurred to the enterprise shall be directly included in the current profits and losses.
For the government subsidy which includes both the assets related part and the income related part, the different
parts are treated separately; if it is difficult to distinguish, the whole is classified as the government subsidy related
to the income.
Government subsidies related to the daily activities of the company shall be included in other earnings in
accordance with the substance of the economic business. Government subsidies not related to the daily activities
of the company shall be included in the non-operating income and expenditure.
41.Deferred income tax assets and deferred income tax liabilities
The balance between the book value and the tax basis of some items of assets and liabilities, as well as the
temporary differences issued as the balance between the book value and the tax basis of the tax basis items that
unrecognized as assets and liabilities but can be determined as per the provisions of tax law, which shall be
determined as the deferred income tax assets and the deferred income tax liabilities in accordance with the balance
sheet debt law.
Taxable temporary differences related to the initial recognition of goodwill, as well as the initial recognition of an
asset or liability in a transaction that neither belongs to a business consolidation, nor affects the accounting profit
and taxable income (or deductible loss) when it happens, the relevant deferred income tax liabilities shall not be
recognized. In addition, as for taxable temporary differences associated with investments in subsidiaries,
associates and joint ventures, if the Company could control the reverse time of such differences and such
differences cannot be reversed in the foreseeable future, the relevant deferred income tax liabilities also shall not
be recognized. Apart from the above-mentioned exceptional cases, the Company recognizes all other deferred
income tax liabilities caused by taxable temporary differences.
Deductible temporary differences related to the initial recognition of an asset or liability in a transaction that
neither belongs to a business consolidation, nor affects the accounting profit and taxable income (or deductible
loss) when it happens, the relevant deferred income tax assets shall not be recognized. In addition, as for
deductible temporary differences associated with investments in subsidiaries, associates and joint ventures, if such
differences cannot be reversed in the foreseeable future or are not likely to obtain the taxable income to deduct the
deductible temporary differences of the taxable income, the relevant deferred income tax assets shall not be
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
recognized. Apart from the above-mentioned exceptional cases, the Company recognizes other deferred income
tax assets caused by deductible temporary differences within the limit of likely obtained taxable income that can
be used to deduct the deductible temporary differences of the taxable income.
The corresponding deferred tax assets of deductible loss and tax reduction that can be carried forward during
subsequent years shall be recognized within the limit of likely obtained future taxable income that can be used to
deduct the deductible loss and tax reduction.
As per the provisions of tax law, the deferred income tax assets and deferred income tax liabilities shall be
measured at the applicable tax rates used during the period of expectation recovery of relevant assets or pay-off
relevant liabilities at the balance sheet date.
The book value of the deferred income tax assets shall be re-checked at the balance sheet date. The book value of
the deferred income tax assets shall be written-down if it is unlikely to obtain sufficient taxable income in the
future to deduct the benefit of the deferred tax assets and the written-down amount shall be carried forward if it is
likely to obtain sufficient taxable income.
42.Operational leasing
1.Accounting treatment of operating lease
The Company will transfer substantially all the risks and rewards of ownership of an asset lease are recognized as
a finance lease. Other forms of lease besides financial leasing are considered as operating leasing.
At the commencement of the lease term, an amount equal to the lower of the fair value of the leased asset and the
present value of the minimum lease payments shall be regarded as the recorded value of the leased assets and an
amount equal to the minimum lease payments shall be recognized as a long-term recorded value of the leased
assets of payables. The balance between the recorded amount of the leased asset and the recorded amount of the
payable shall be accounted for as unrecognized finance charge.
Lease payments under an operating lease shall be accounted into the relevant asset cost or current profit or loss
over the lease term on a straight-line basis.
（2）Accounting treatment of financing lease
On the beginning date of the lease term, the company recognizes the financial lease receivables for the financial
lease and terminates the recognition of the financial lease assets. When the finance lease receivables are initially
measured, the net lease investment is taken as the entry value of the finance lease receivables. The net lease
investment is the sum of the unguaranteed residual value and the present value of the lease receipts not received
on the beginning date of the lease term discounted at the interest rate embedded in the lease.
Lease collection amount refers to the amount that the company should collect from the lessee due to the transfer
of the right to use the leased assets during the lease term, including: a. the fixed payment amount and actual fixed
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
payment amount to be paid by the lessee. If there is lease incentive, the relevant amount of lease incentive shall be
deducted; B. Variable lease payments depending on index or ratio; C. The exercise price of the purchase option,
provided that it is reasonably determined that the lessee will exercise the option; D. The amount to be paid by the
lessee to exercise the option to terminate the lease, provided that the lease term reflects that the lessee will
exercise the option to terminate the lease; E. The guaranteed residual value provided to the company by the lessee,
the party related to the lessee and the independent third party with the financial ability to perform the guarantee
obligation.
The company calculates and recognizes the interest income of each period within the lease term according to the
fixed periodic interest rate. The amount of variable lease payments obtained by the company that are not included
in the measurement of net lease investment shall be included in the current profit and loss when actually incurred.
44. Other significant accounting policies and estimates
（1）Discontinued Operation
Discontinued operation means enterprises which can meet one of the following conditions and can be
distinguished into a constituent part separately, and this part has been disposed or divided into a on-sales category.
① This constituent part represents an independent main business or a separate main business area;
② This part is a one of the related parts which proposes to dispose an independent main business or an
independent main business area.
③This part is a subsidiary acquired from being specifically for reselling.
For accounting treatment methods for discontinued operation, see the relevant descriptions at Article 13-
Possession of On-Sales Asset in Note III
45.Change of main accounting policies and estimations
(1)Change of main accounting policies
□ Applicable √ Applicable
√ Applicable □ Not applicable
The content and reason for change
Approval process Remark
of accounting policy
On December 7, 2018, the Ministry
of Finance issued the revised No.
21Accounting Standards for
Business Enterprises-Leases (No.
35[2018]Cai Kuai) (hereinafter
referred to as the "New Lease
Standards"). The Company
implemented the new lease
standards from January 1, 2021.
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
1)New leases standards
The Ministry of Finance issued the revised Accounting Standards for Business Enterprises No. 21 - leases
(Caikuai [2018] No. 35) (hereinafter referred to as the "new leases standards") on December 7, 2018. The
Company will implement the new leases standards from January 1, 2021. According to the relevant provisions of
the new leases standards, the company adjusts the amount of retained earnings and other relevant items in the
financial statements at the beginning of the year when the standards are first implemented for the cumulative
impact of the first implementation of the standards, and does not adjust the information of comparable periods.
The first implementation of the above new standards has no impact on the beginning retained earnings and related
items of the financial statements.
The Company, as a lessee, chooses not to reassess whether a contract is a lease or contains a lease on
the first execution date for a contract that existed before the date of initial execution. For contracts signed or
changed after the date of initial execution, the Company evaluates whether the contract is a lease or contains a
lease according to the definition of lease in the new lease standard.
For operating leases prior to the date of initial application, the Company measures the lease liability on
the date of initial application based on the present value of the remaining lease payments discounted at the
Company’s incremental borrowing rate on the date of initial application, and measures the right-of-use asset
at an amount equal to the lease liability, and makes necessary adjustments based on prepaid rent.
The leased assets of the Company before the date of initial implementation are operating leases of low-
value assets, and the simplified treatment is adopted, and the right-of-use assets and lease liabilities are not
recognized. In addition, the Company chooses to adopt the following one or more simplifications according to
each lease while applying the above methods:
1) Treat leases that will be completed within 12 months from the first execution date as short-term
leases;
2) When measuring lease liabilities, use the same discount rate for leases with similar characteristics;
3) The measurement of right-of-use assets does not include initial direct costs;
4) Where there is an option to renew the lease or to terminate the lease, the lease term shall be
determined according to the actual exercise of the option before the first execution date and other latest
information;
5) As an alternative to the right-of-use asset impairment test, according to the No. 13Accounting
Standards for Business Enterprises-Contingencies, assess whether a contract involving leases is an onerous
contract before the date of initial application, and adjust the right-of-use asset according to the amount of the
loss provision included in the balance sheet before the date of initial application;
6) For lease changes that occurred before the beginning of the year in which the new lease standards
were first implemented, no retrospective adjustment shall be made. According to the final arrangement of
lease changes, the accounting treatment shall be carried out in accordance with the new lease standards.
②Change of other accounting policies
None
(2) Change of main accounting estimations
□ Applicable √ Not applicable
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
45.Other
Income tax
Income tax is composed of current income tax and deferred income tax. All taxes and expenses are written in
current profit and loss except those for reputation adjustment in enterprise combination or trades directly counted
into shareholder’s equity or some deferred income tax which is counted in shareholder’s equity.
Current income tax is payable tax amount currently calculated as current taxable income. Payable tax amount
is calculated by adjusting pre-tax accounting profit specified in related tax laws.
The company confirms deferred income tax by adopting liability method in Balance Sheet based on the
temporary difference between book value of asset and liability in Balance Sheet and tax base.
Temporary difference of items of payable taxes are confirmed to be related deferred income tax liabilities,
except the temporary difference of payable taxes are made in the following conditions:
A. Initial confirmation of reputation or that of assets or liabilities made in trades with these features: the trade
is not enterprise combination and it neither influences accounting profit nor amount of payable tax when it
happens.
B. As for temporary difference of items of payable taxes related to investment to subsidiaries, joint
enterprises and associated enterprises. The temporary difference return time may be controlled and may not return
in foreseeable future.
On the date of balance sheet , the company will calculate deferred income tax assets and deferred income tax
liabilities according to applicable tax between expected recovered assets and paid liabilities, and also the company
will reflect the income tax influence in ways of expected recovered assets and paid liabilities on the date of
balance sheet.
On the date of balance sheet, the company will check the book value of the deferred income tax assets. If it
was unlikely to obtain sufficient taxable income taxes to offset benefit of deferred income tax assets, while it was
likely to obtain sufficient taxable income, carrying amount of deferred income tax assets shall be written down.
Safety in production expenses
According to the relevant provisions of the Notice on Printing and Distributing the Management Measures for the
Withdrawal and Use of Enterprise Safety in Production Expenses (Caiqi [2012] No. 16) issued by the Ministry of
Finance and the State Administration of work safety, the Company withdraws the safety in production expenses
according to the following standards, that is, the actual operating income of the machinery manufacturing
enterprise in the previous year is taken as the basis for withdrawal, and the excess accumulation method is
adopted to withdraw them month by month according to the following standards:
(1)If the operating income does not exceed 10 million yuan, it shall be withdrawn according to 2%;
(2)The part of operating income exceeding 10 million yuan to 100 million yuan shall be withdrawn at 1%;
(3) The part of operating income exceeding 100 million yuan to 1 billion yuan shall be withdrawn at 0.2%;
(4) The part of operating income exceeding 1 billion yuan to 5 billion yuan shall be withdrawn at 0.1%;
(5) The part of operating income exceeding 5 billion yuan at 0.05%.
The safety in production expenses shall be included in the cost of relevant products or current profits and losses
when withdrawn, and shall be included in the special reserve.
When the withdrawn work safety fee is used within the specified scope, if it belongs to expense expenditure, it
shall be directly offset against the special reserve; If fixed assets are formed, the expenses incurred are collected
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
through the "construction in progress" subject, and are recognized as fixed assets when the safety project is
completed and reaches the expected usable state; At the same time, the special reserve shall be offset according to
the cost of forming fixed assets, and the accumulated depreciation of the same amount shall be recognized. The
fixed assets will not be depreciated in future periods.
VI. Taxation
1. Main categories and rates of taxes
Class of tax Tax basis Tax rate
VAT Income should be taxed 13,9,6
City maintenance and construction Levied based on the taxable
7
tax income
Levied based on the taxable
Enterprise income tax 25,15
income
Levied based on the taxable
Education surcharges 3
income
Levied based on the taxable
Local education surcharges 2
income
The disclosure on the rate of income tax of taxpayers in different enterprises is stated below
Name of Taxpayer Rate of Income Tax
2.Preferential tax treatment
（1）Chongqing Jianshe Automobile A/C Co., Ltd. by high and new technology enterprise qualification on
November21, 2019, acquire the qualification of new high-tech enterprises, Certificate No. GR201951100777,
valid for three years. The company calculates and pay enterprise income tax shall be levied at the reduced tax rate
15% from 2020 to 2022.
（2）The tax rebate for export of a company shall be exempted from deductions and the tax rebate rate shall be
13%.
3.Other
VII. Notes on major items in consolidated financial statements of the Company
1. Monetary funds
In RMB
Items Closing balance Opening balance
Bank deposits 64,871,780.20 23,738,523.19
Other monetary funds 41,700,000.00 67,940,000.00
Total 106,571,780.20 91,678,523.19
Total amount of money
limited to use, such as mortgage, pledge 41,700,000.00 67,940,000.00
or freeze
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Other note
2. Transactional financial assets
In RMB
Items Closing balance Opening balance
Of which ：
Of which：
Other note
3. Derivative financial assets
In RMB
Items Closing balance Opening balance
Other note
4. Note receivable
(1) Notes receivable listed by category
In RMB
Items Closing balance Opening balance
Bank acceptance bill 2,220,000.00
Total 2,220,000.00
In RMB
Closing balance Opening balance
Bad debt Bad debt
Catego Book balance Book balance
provision Book provision Book
ry
Amoun Proport Amoun Proport value Amoun Proport Amoun Proport value
t ion % t ion % t ion % t ion %
Of
which
Of
which
Relevant information of the provision for bad debts will be disclosed with reference to the disclosure method of
other receivables if the provision for bad debts of bills receivable is accrued according to the general model of
expected credit loss:
□ Applicable √ Not applicable
(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision：
In RMB
Amount of change in the current period
Category Opening balance Reversed or Closing balance
Accrual Write-off
collected amount
Of which the significant actual write-off accounts receivable:
□ Applicable √ Not applicable
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
（3）Notes receivable pledged by the Company at the end of the period
In RMB
Items Pledged amount
（4）Notes receivable which had endorsed by the Company or had discounted and had not due on the balance
sheet date at the period-end
In RMB
Amount of recognition termination Amount of not terminated
Items
at the period-end recognition at the period-end
（5）Notes transferred to accounts receivable because drawer of the notes fails to executed the contract or
agreement
In RMB
Amount of the notes transferred to account receivable at
Items
the period-end
Other note
（6） The actual write-off accounts receivable
In RMB
Items Amount
Of which the significant actual write-off accounts receivable:
In RMB
Whether occurred
Name Nature Amount Reason Process from the related
transactions
Note of the write-off the accounts receivable:
5. Accounts receivable
(1) Accounts receivable disclosed by category
In RMB
Closing balance Opening balance
Bad debt Bad debt
Catego Book balance Book balance
provision Book provision Book
ry
Amoun Proport Amoun Proport value Amoun Proport Amoun Proport value
t ion % t ion % t ion % t ion %
Accrua
l of bad
debt
28,379,2 28,379,2 28,666,2 28,666,2
provisi 21.56% 100.00% 15.50% 100.00% 0.00
50.44 50.44 22.39 22.39
on by
single
item
Includi
ng：
Accrua
103,240, 6,488,76 96,751,4 156,250, 6,917,60 149,333,
l of bad 78.44% 6.29% 84.50% 4.43%
220.75 9.09 51.66 891.91 6.27 285.64
debt
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Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
provisi
on by
portfoli
o
Includi
ng：
131,619, 34,868,0 96,751,4 184,917, 35,583,8 149,333,
Total 26.49% 19.24%
471.19 19.53 51.66 114.30 28.66 285.64
Accrual of bad debt provision by single item:28,379,250.44
In RMB
Closing balance
Name
Book balance Bad debt provision Proportion Reason
Chongqing Huansu
12,723,992.31 12,723,992.31 100.00% Unable to recover
Auto Parts Co.,Ltd.
Chongqing Bisu
Yunbo Power
5,217,475.35 5,217,475.35 100.00% Unable to recover
Technology
Co.,Ltd.
Hafei Automobile
3,999,944.43 3,999,944.43 100.00% Unable to recover
co., Ltd.
Hangzhou Fuyang
Instrument Factory 2,681,594.65 2,681,594.65 100.00% Unable to recover
Co., Ltd.
Chongqing Kaite
Power Technology 1,481,654.59 1,481,654.59 100.00% Unable to recover
Co.,Ltd.
Hubei Meiyang
Automobile 1,408,811.40 1,408,811.40 100.00% Unable to recover
Industry Co., Ltd.
Guangqi Jiao Auto
75,821.20 75,821.20 100.00% Unable to recover
Co.,Ltd.
Guangqi Jiao Auto
67,998.51 67,998.51 100.00% Unable to recover
Co.,Ltd.
Beiqi Heibao( Weihai)
51,021.77 51,021.77 100.00% Unable to recover
Auto Co., Ltd.
Dongying Jiao Auto
48,579.85 48,579.85 100.00% Unable to recover
Co.,Ltd.
Suchuan Yema
Automobile Co., 12,157.93 12,157.93 100.00% Unable to recover
Ltd.
Jiangxi Zhicheng Auto
Co., Ltd. Jingdezhen 500,000.00 500,000.00 100.00% Unable to recover
Branch
Jiangxi Zhicheng Auto
7,477.79 7,477.79 100.00% Unable to recover
Co., Ltd
Dongfeng Xiaokang
102,720.66 102,720.66 100.00% Unable to recover
Auto Co., Ltd.
Total 28,379,250.44 28,379,250.44
Accrual of bad debt provision by portfolio:6,488,769.09
In RMB
Closing balance
Name
Book balance Bad debt provision Proportion
104
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Note：
Relevant information of the provision for bad debts will be disclosed with reference to the disclosure method of
other receivables if the provision for bad debts of bills receivable is accrued according to the general model of
expected credit loss:
□ Applicable √ Not applicable
Disclosure by aging
In RMB
Aging Closing balance
Within 1 year（Including 1 year） 96,355,876.92
1-2 years 892,313.49
2-3 years 26,431.52
Over 3 years 34,344,849.26
3-4 years 1,481,919.84
4-5 years 19,043,089.93
Over 5 years 13,819,839.49
Total 131,619,471.19
(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision：
In RMB
Amount of change in the current period
Opening Reversed or Closing
Category
balance Accrual collected Write-off Other balance
amount
Bad debt
provision for
35,583,828.66 95,240.13 811,049.26 34,868,019.53
accounts
receivable
Total 35,583,828.66 95,240.13 811,049.26 34,868,019.53
Of which the significant amount of the reversed or collected part during the reporting period
In RMB
Name Amount Way
Hangzhou Fuyang Instrument
139,692.61 Cash
Factory Co., Ltd.
Jiangxi Zhicheng Auto Co., Ltd.
250,000.00 Cash
Jingdezhen Branch
PSA Company 421,356.65 Cash
Total 811,049.26
(3) The actual write-off accounts receivable
In RMB
Items Amount
Of which the significant actual write-off accounts receivable:
In RMB
Whether occurred
Name Nature Amount Reason Process from the related
transactions
Note of the write-off the accounts receivable:
105
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
(4) Top 5 of the closing balance of the accounts receivable collected according to the arrears party
In RMB
Proportion of Amount of
Amount of
Company Name total accounts ending balance
ending balance
receivable % for bad debts
PSA Company 38,918,576.49 29.57%
Chongqing Huansu Auto
12,723,992.31 9.67% 12,723,992.31
Parts Co.,Ltd.
Chongqing Changan Auto 7,367,044.35 5.60%
Chengdu Henggao Machine
6,048,966.78 4.60%
Electric Co., Ltd.
Heifei Changan Auto 5,549,908.29 4.22%
Total 70,608,488.22 53.66%
(5) Account receivable which terminate the recognition owning to the transfer of the financial assets
(6) The amount of the assets and liabilities formed by the transfer and the continues involvement of accounts
receivable
Other note:
6. Financing of receivables
In RMB
Items Closing balance Opening balance
Notes receivable measured at fair
value with changes included in 40,732,254.59 29,250,840.86
other comprehensive income
Total 40,732,254.59 29,250,840.86
Changes in the current period of receivables financing and fair value
□ Applicable √ Not applicable
Relevant information of the financing provision for bad debts will be disclosed with reference to the disclosure
method of other receivables if the provision for bad debts of bills receivable is accrued according to the general
model of expected credit loss:
□ Applicable √ Not applicable
Other note
7.Prepayments
(1) List by aging analysis:
In RMB
Closing balance Opening balance
Aging
Amount Proportion % Amount Proportion %
Within 1 year 4,243,357.94 92.24% 6,871,577.60 95.06%
1-2 years 127,554.40 2.77% 127,554.40 1.76%
Over 3 years 229,348.93 4.99% 229,348.93 3.18%
Total 4,600,261.27 7,228,480.93
Notes of the reasons of the prepayment ages over 1 year with significant amount but failed settled in time
(2) Top 5 of the closing balance of the prepayment collected according to the prepayment target
Other note：
106
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
8. Other accounts receivable
In RMB
Items Closing balance Opening balance
Other accounts receivable 1,570,177.03 1,431,664.33
Total 1,570,177.03 1,431,664.33
（1）Interest receivable
1) Category of interest receivable
In RMB
Items Closing balance Opening balance
2) Significant overdue interest
Whether occurred
Borrower Closing balance Overdue time Reason impairment and its
judgment basis
Other note：
3）Bad-debt provision
□ Applicable √Not applicable
(2)Dividend receivable
1) Dividend receivable
In RMB
Items Closing balance Opening balance
2) Significant dividend receivable aged over 1 year
In RMB
Whether occurred
Items Closing balance Aging Reason impairment and its
judgment basis
Other notes：
3）Bad-debt provision
□ Applicable √ Not applicable
Other note：
（3） Other accounts receivable
1) Other accounts receivable classified by the nature of accounts
In RMB
Nature Closing book balance Opening book balance
Petty cash and borrowings with
1,452,177.04 1,431,664.33
small amount
Current Account 6,371,052.39 6,253,052.40
Total 7,823,229.43 7,684,716.73
107
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
2）Bad-debt provision
In RMB
Stage 1 Stage 2 Stage 3
Expected credit
Expected credit Expected credit loss losses for the entire
Bad Debt Reserves Total
losses over the next over life (no credit duration (credit
12 months impairment) impairment
occurred)
Balance as at
3,888,107.41 2,364,944.99 6,253,052.40
January 1, 2022
Balance as at
January 1, 2022 in
current
Balance as at June
3,888,107.41 2,364,944.99 6,253,052.40
30,2022
Loss provision changes in current period, change in book balance with significant amount
□ Applicable √Not applicable
Disclosure by aging
In RMB
Aging Closing balance
Within 1 year(Including 1 year） 1,570,177.03
1-2 years 1,223,146.45
2-3 years 255,723.62
Over 3 years 4,774,182.33
Over 5 years 4,774,182.33
Total 7,823,229.43
3) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision：
In RMB
Amount of change in the current period
Opening Closing
Category Reverse or
balance Withdrawal Other Other balance
write-off
Other
receivable 6,253,052.40 6,253,052.40
account
Total 6,253,052.40 6,253,052.40
Of which the significant amount of the reversed or collected part during the reporting period
In RMB
Items Reversed or collected amount Method
4) The actual write-off accounts receivable
In RMB
Items Amount
Of which the significant actual write-off accounts receivable:
In RMB
Whether occurred
Name Nature Amount Reason Process from the related
transactions
Note of the write-off other accounts receivable:
108
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
5) Top 5 of the closing balance of the other accounts receivable collated according to the arrears party
In RMB
Proportion of
the total year Closing balance
Name Nature Closing balance Aging end balance of of bad debt
the accounts provision
receivable
Shenzhen
Jianshe
Current account 3,013,664.00 Over 5 years 38.52% 3,013,664.00
Motorcycle
Co.,Ltd.
Chongqing
Jianshe Lijue
Current account 1,478,870.07 2-3 years 18.90% 1,478,870.07
Industry Co.,
Ltd.
Ningbo Jianshe
Motorcycle Co., Current account 692,035.31 Over 5 years 8.85% 692,035.31
Ltd.
Temporary
Current account 390,655.08 Over 5 years 4.99% 390,655.08
supplier
Dongmu (Tianjin)
Powder
Current account 200,000.00 Within 1 year 2.56% 200,000.00
Metallurgy Co.,
Ltd
Total 5,775,224.46 73.82% 5,775,224.46
6) Accounts receivable involved with government subsidies
In RMB
Estimated received
Project of
Name Opening balance Closing balance time, amount and
government
basis
7) Other account receivable which terminate the recognition owning to the transfer of the financial assets
8) The amount of the assets and liabilities formed by the transfer and the continues involvement of other accounts
receivable
Other note:
9. Inventories
Whether the company need to comply with the disclosure requirements of the real estate industry
No
（1）Category of Inventory
In RMB
Closing book balance Opening book balance
Provision for Provision for
Items inventory inventory
Book balance Book value Book balance Book value
impairment impairment
Raw 25,717,775.71 25,717,775.71 24,131,134.23 24,131,134.23
109
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
materials
Goods in
8,325,610.85 42,930.77 8,282,680.08 8,477,431.32 42,930.77 8,434,500.55
progress
Stock goods 140,193,879.20 2,170,864.12 138,023,015.08 173,420,234.47 2,170,864.12 171,249,370.35
Turnover
4,242,667.08 1,294,020.05 2,948,647.03 4,198,620.71 1,294,020.05 2,904,600.66
materials
Total 178,479,932.84 3,507,814.94 174,972,117.90 210,227,420.73 3,507,814.94 206,719,605.79
(2) Falling price reserves of inventory
In RMB
Increased amount Decreased amount
Opening Closing
Items Reverse or
balance Withdrawal Other Other balance
write-off
Goods in
42,930.77 42,930.77
progress
Stock goods 2,170,864.12 2,170,864.12
Turnover
1,294,020.05 1,294,020.05
materials
Total 3,507,814.94 3,507,814.94
(3)Description of The closing balance of inventories contain the amount of borrowing costs capitalized
（4）Description of amortization amount of contract performance cost in the current period
10.Contact assets
In RMB
Closing balance Opening balance
Provision for Provision for
Items Book Book
inventory Book value inventory Book value
balance balance
impairment impairment
Amount and reason of material change of book value of contract assets in the current period:
In RMB
Items Amount Reason
Relevant information of the provision for bad debts will be disclosed with reference to the disclosure method of
other receivables if the provision for bad debts of contract assets is accrued according to the general model of
expected credit loss:
□ Applicable √ Not applicable
Provision for impairment of contract assets in the current period
In RMB
switch back or write-
Items Withdrawal write-off Reason
off
Other note:
11. Assets divided as held-to-sold
In RMB
Book balance
Impairment Closing book Estimated Estimated
Items at the end of fair value
provision value disposal cost disposal time
the period
110
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Other note:
12. Non-current assets due within 1 year
In RMB
Items Closing balance Opening balance
Important creditor's rights Investment/other creditor's rights investment
In RMB
Closing balance Opening balance
Contract Contract
Creditor's rights item Face interest Actual Expiration Face interest Actual Expiration
value rate, rate date value rate, rate date
stated rate stated rate
Other note:
13. Other current assets
In RMB
Items Closing balance Opening balance
Overpaid VAT 1,108,307.81 4,585,170.16
Total 1,108,307.81 4,585,170.16
Other note：
14.Creditor's rights investment
In RMB
Closing balance Opening balance
Provision for Provision for
Items
Book balance inventory Book value Book balance inventory Book value
impairment impairment
Important creditor's rights Investment/
In RMB
Closing balance Opening balance
Contract Contract
Items Face interest Actual Expiration Face interest Actual Expiration
value rate, rate date value rate, rate date
stated rate stated rate
Provision for bad debts
In RMB
Stage 1 Stage 2 Stage 3
Expected credit
Expected credit Expected credit loss losses for the entire
Bad Debt Reserves Total
losses over the next over life (no credit duration (credit
12 months impairment) impairment
occurred)
Balance as at
January 1, 2022
Loss provision changes in current period, change in book balance with significant amount
□ Applicable √ Not applicable
Other note：
111
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
15.Other creditor's rights investment
In RMB
Cumulativ Remark
Change in e provision
fair value Change in for losses
Opening Accrued Closing
Items in the Costs cumulative recognized
balance interest balance
current fair value in other
period consolidate
d income
Important creditor's rights Investment/
In RMB
Closing balance Opening balance
Contract Contract
Items Face interest Actual Expiration Face interest Actual Expiration
value rate, rate date value rate, rate date
stated rate stated rate
Provision for bad debts
In RMB
Stage 1 Stage 2 Stage 3
Expected credit
Expected credit Expected credit loss losses for the entire
Bad Debt Reserves Total
losses over the next over life (no credit duration (credit
12 months impairment) impairment
occurred)
Balance as at
January 1, 2022 in
current period
Loss provision changes in current period, change in book balance with significant amount
□ Applicable √ Not applicable
Other note:
16. Long-term accounts receivable
(1) List of long-term accounts receivable
In RMB
Closing balance Opening balance
Provision for Provision for Discount
Items Book Book
inventory Book value inventory Book value rate interval
balance balance
impairment impairment
Provision for bad debts
In RMB
Stage 1 Stage 2 Stage 3
Expected credit
Expected credit Expected credit loss losses for the entire
Bad Debt Reserves Total
losses over the next over life (no credit duration (credit
12 months impairment) impairment
occurred)
Balance as at
January 1, 2022 in
current period
112
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Loss provision changes in current period, change in book balance with significant amount
□ Applicable √ Not applicable
(2) Long-term accounts receivable which terminate the recognition owning to the transfer of the financial assets
(3) The amount of the assets and liabilities formed by the transfer and the continues involvement of long-term
accounts receivable
Other note
17. Long-term equity investment
In RMB
Increase /decrease
Profits
and
losses Closin
Cash g
on Withdr
Openi Other bonus Closin balanc
invest awal
Invest ng Additi Decre compr Chang or g e of
ments of
ees balanc onal ase in ehensi es in profits balanc impair
Recog impair Other
e invest invest ve other annou e ment
nized ment
ment ment incom equity nced provisi
under provisi
e to on
the on
issue
equity
metho
d
I. Joint ventures
II. II. Associates
Chong
qing
Jiansh
e
Hanon
Autom
201,984 4,372,9 206,357
obile
,268.72 58.10 ,226.82
heat
manag
ement
system
co.,
Ltd.
Subtota 201,984 4,372,9 206,357
l ,268.72 58.10 ,226.82
201,984 4,372,9 206,357
Total
,268.72 58.10 ,226.82
Other note
18. Other equity instruments investment
In RMB
Items Closing balance Opening balance
Itemized disclosure of the current non - trading equity instrument investment
In RMB
113
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Reasons for
Amount of being Reasons for
other measured at other
Recognized Recognized comprehensive fair value and comprehensive
Accumulating
Name dividend dividend income whose changes income
losses
income income transferred to are included in transferred to
retained other retained
earnings comprehensive earnings
income
Other note
19.Other non-current assets
In RMB
Items Closing balance Opening balance
Other note
20. Investment property
(1) Investment property adopted the cost measurement mode
□Applicable √Not applicable
(2) Investment property adopted fair value measurement mode
□ Applicable √Not applicable
(3) Details of investment property failed to accomplish certification of property
In RMB
Items Book value Reason
Other note
21. Fixed assets
In RMB
Items Closing balance Opening balance
Fixed assets 212,230,661.91 216,541,481.98
Total 212,230,661.91 216,541,481.98
（1）List of fixed assets
In RMB
House, Machinery Other
Items Transportations Total
Building equipment equipment
I. Original book
value：
1. Opening
102,695,978.18 627,433,921.06 6,068,851.89 19,676,929.41 755,875,680.54
balance
2.Increased
amount of the 5,548,522.30 7,952,234.92 61,746.04 1,700,352.54 15,262,855.80
period
（1）Purchase 5,548,522.30 7,952,234.92 61,746.04 1,683,715.37 15,246,218.63
114
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
（2）Transfer
of project under 16,637.17 16,637.17
Construction
（3）Increased
from enterprise
merger
3.Decreased
amount of the 4,687,889.92 10,254,405.95 142,000.00 1,117,490.72 16,201,786.59
period
（1）Disposal
0.00 10,204,270.41 142,000.00 0.00 10,346,270.41
or scrap
4.Closing
103,556,610.56 625,131,750.03 5,988,597.93 20,259,791.23 754,936,749.75
balance
II.
Accumulative 0.00 0.00 0.00 0.00
depreciation
1.Opening
54,137,550.62 449,376,981.60 5,235,853.68 17,955,642.53 526,706,028.43
balance
2.Increased
amount of the 1,384,834.51 11,342,630.14 81,665.48 1,546,866.67 14,355,996.80
period
（1）
1,007,755.92 11,342,630.14 81,665.48 1,546,866.67 13,978,918.21
Withdrawal
（2）Increased
from enterprise 377,078.59 0.00 0.00 0.00
merger
3.Decreased
amount of the 0.00 8,157,041.35 137,225.60 1,069,196.73 9,363,463.68
period
（1）Disposal
0.00 8,157,041.35 137,225.60 1,069,196.73 9,363,463.68
or scrap
4.Closing
55,522,385.13 452,562,570.39 5,180,293.56 18,433,312.47 531,698,561.55
balance
III. Impairment
0.00 0.00 0.00 0.00
provision
1. Opening
0.00 12,628,170.13 0.00 0.00 12,628,170.13
balance
2.Increased
amount of the
period
（1）
Withdrawal
3.Decreased
amount of the 0.00 1,620,643.84 0.00 0.00 1,620,643.84
period
（1）Disposal
0.00 1,620,643.84 0.00 0.00 1,620,643.84
or scrap
4.Closing
0.00 11,007,526.29 0.00 0.00 11,007,526.29
balance
IV. Book Value
1.Closing book 48,034,225.43 161,561,653.35 808,304.37 1,826,478.76 212,230,661.91
115
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
value
2.Opening book
48,558,427.56 165,428,769.33 832,998.21 1,721,286.88 216,541,481.98
value
(2) List of temporarily idle fixed assets
In RMB
Original Book Accumulative Accumulative
Items Book value Notes
value depreciation depreciation
(3) Fixed assets leased out from operation lease
In RMB
Items
In RMB
(4) Details of fixed assets failed to accomplish certification of property
In RMB
Items Book value Reason
Other note
（5）Liquidation of fixed assets
In RMB
Items Closing balance Opening balance
Other note
22. Construction in progress
In RMB
Items Closing balance Opening balance
Construction in progress 1,828,183.90 1,811,125.46
Total 1,828,183.90 1,811,125.46
(1) List of construction in progress
In RMB
Closing balance Opening balance
Items Provision for Provision for
Book balance Book value Book balance Book value
impairment impairment
Science and
technology
complex 615,980.77 615,980.77 615,980.77 615,980.77
building
project
Production
694,463.90 694,463.90 645,678.17 645,678.17
line project
Mould to be
448,712.68 448,712.68 371,283.18 371,283.18
transferred to
116
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
fixed assets
PDM system
upgrade 53,935.55 53,935.55
project
Comprehensi
ve
69,026.55 69,026.55 69,026.55 69,026.55
performance
test-bed
Workstation
55,221.24 55,221.24
project
Total 1,828,183.90 1,828,183.90 1,811,125.46 1,811,125.46
(2) Changes of significant construction in progress
In RMB
Of
Proport which
Amoun Accum
ion Capitali
t that Other ulative ：The
Increas estimat zation
transfer decreas amount amount
Name Estimat Openin ed ed of Project rate of Capital
red to ed Closing of of the
of ed g amount the progres the resourc
fixed amount balance capitali capitali
items number balance of the project s interest es
assets of the zed zed
period accumu s of the
of the period interest interest
lative period
period s s of the
input
period
Science
and
technol
ogy
4,427,87 615,980. 615,980.
comple 91.20% 99.66 Other
7.00 77 77
x
buildin
g
project
Product
18,620,0 645,678. 48,785.7 694,463.
ion line 3.46% 3.46 Other
00.00 17 3 90
project
23,047,8 1,261,65 48,785.7 1,310,44
Total 0.00 0.00
77.00 8.94 3 4.67
(3) List of the withdrawal of the impairment provision of the construction in progress
In RMB
Items Withdrawn amount Reason
Other note:
117
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
（4）Engineering material
In RMB
Closing balance Opening balance
Items Provision for Book Provision for
Book balance Book value Book value
impairment balance impairment
Other note:
23. Productive biological assets
(1) Productive biological assets measured at cost methods
□ Applicable √ Not applicable
(2) Productive biological assets measured at fair value
□ Applicable √ Not applicable
24. Oil and gas assets
□ Applicable √ Inapplicable
25. Right to use assets
In RMB
Items Total
Ⅰ.Original book value
1.Opening balance
2.Increase in the current period
3.Decrease in the current
period
4.Closing balance
Ⅱ.Accumulated amortization
1.Balance at period-begin
2.Increase in the current period
（1）Withdrawal
3.Decrease in the current period
（1）Disposal
4.Balance at period-end
Ⅲ.Provisions for Impairment
1.Balance at period-begin
2.Increase in the current period
（1）Withdrawal
118
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
3.Decrease in the current period
（1）Disposal
4.Balance at period-end
Ⅳ.Book Value
1.Book Value of period-end
2.Book Value of period-begin
Other note：
26. Intangible assets
(1) Information
In RMB
Items Land use right Patent Non-patents Software Total
I. Total original
book value
1. Opening
21,224,143.33 2,691,549.96 3,933,749.40 27,849,442.69
balance
2. Increase in
the reporting 0.00 0.00 0.00 0.00
period
（1）Purchase 0.00 0.00 0.00 0.00
（2）Internal
0.00 0.00 0.00 0.00
R&D
（3）Increase
from enterprise 0.00 0.00 0.00 0.00
combination
3.Decrease in
the reporting
period
（1）Disposal
4.Closing
21,224,143.33 2,691,549.96 3,933,749.40 27,849,442.69
balance
II. Total accrued
amortization
1.Opening
12,162,117.02 633,305.88 1,473,380.75 14,268,803.65
balance
2.Increased in
the reporting 350,709.40 237,489.71 301,367.94 889,567.05
period
（1）
350,709.40 237,489.71 301,367.94 889,567.05
Withdrawal
3.Decrease in
the reporting
period
（1）Disposal
119
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
4.Closing
12,512,826.42 870,795.59 1,774,748.69 15,158,370.70
balance
III. Impairment
provision
1.Opening
balance
2.Increases in
the reporting
period
（1）
Withdrawal
3.Decrease in
the reporting
period
（1）Disposal
4.Closing
balance
IV. Book value
1.Book value of
8,711,316.91 1,820,754.37 2,159,000.71 12,691,071.99
the period-end
2.Book value of
the period- 9,062,026.31 2,058,244.08 2,460,368.65 13,580,639.04
begin
The proportion the intangible assets formed from the internal R&D through the Company amount the balance of
the intangible assets at the period-end.
(2) Details of fixed assets failed to accomplish certification of land use right
In RMB
Reasons for absence of certificate of
Items Book value
title
Other note：
27. R&D expenses
In RMB
Opening Closing
Items Increase Decrease
balance balance
Other note
In RMB
28. Goodwill
In RMB
Name of the
investees or the Opening Closing
Increase Decrease
events formed balance balance
goodwill
（2）Goodwill Impairment provision
In RMB
Items Opening balance Increase Decrease Closing balance
Notes of the testing process of goodwill impairment, parameters and the recognition method of goodwill
120
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
impairment losses:
Other note
29. Long-term unamortized expenses
In RMB
Opening Amortization
Items Increase Decrease Closing balance
balance amount
SlidDworks
116,978.77 23,349.06 93,629.71
service charge
Total 116,978.77 23,349.06 93,629.71
Other note
30. Deferred income tax assets/deferred income tax liabilities
(1) Deferred income tax assets had not been off-set
In RMB
Closing balance Opening balance
Deductible Deductible
Items Deferred income Deferred income
temporary temporary
tax assets tax assets
difference difference
Assets impairment
4,522,840.65 830,638.62 4,522,840.65 830,638.62
provision
Credit impairment
34,862,886.80 5,229,979.37 34,862,886.80 5,229,979.37
provision
Total 39,385,727.45 6,060,617.99 39,385,727.45 6,060,617.99
(2) Deferred income tax liabilities had not been off-set
In RMB
Closing balance Opening balance
Deductible Deductible
Items Deferred income Deferred income
temporary temporary
tax liabilities tax liabilities
difference difference
Estimated added
value of assets not
under the same 4,682,036.67 1,170,509.17 4,682,036.67 1,170,509.17
control
Tax deduction for
depreciation of 1,411,238.58 352,809.65 1,411,238.58 352,809.65
fixed assets
Total 6,093,275.25 1,523,318.82 6,093,275.25 1,523,318.82
(3) Deferred income tax assets or liabilities listed by net amount after off-set
In RMB
Trade-off between
Trade-off between End balance of Opening balance of
the deferred income
the deferred income deferred income tax deferred income tax
Items tax assets and
tax assets and assets or liabilities assets or liabilities
liabilities at period-
liabilities after off-set after off-set
begin
Deferred income 6,060,617.99 6,060,617.99
121
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
tax assets
Deferred income
1,348,190.84 1,523,318.82
tax liabilities
(4)Details of income tax assets not recognized
In RMB
Items Balance in year-end Balance in year-begin
Deductible temporary difference 18,587,138.68 18,587,138.68
Deductible loss 258,870,633.26 258,870,633.26
Total 277,457,771.94 277,457,771.94
(5)Deductible losses of the un-recognized deferred income tax asset will expire in the following years
In RMB
Year Balance in year-end Balance in year-begin Remark
2023 850,355.91 850,355.91
2024 145,565,134.28 145,565,134.28
2025 42,616,666.56 42,616,666.56
2026 68,661,674.12
Total 257,693,830.87 189,032,156.75
Other note
31 .Other non-current assets
In RMB
Balance in year-end Balance in year-begin
Items Book balance Provision for Book value Book balance Provision for Book value
devaluation devaluation
Advance
purchase of
6,947,020.00 6,947,020.00 3,810,800.00 3,810,800.00
long-term
assets
Total 6,947,020.00 6,947,020.00 3,810,800.00 3,810,800.00
Other note：
32. Short-term borrowings
(1) Category of short-term borrowings
In RMB
Items Closing balance Opening balance
Guaranteed borrowings 145,103,500.00 220,210,000.00
Credit borrowings 328,800,000.00 273,250,000.00
Total 473,903,500.00 493,460,000.00
Notes of short-term borrowings category
(2) List of the short-term borrowings overdue but not return
The total amount of the overdue but not return short-term borrowings at the period-end was of RMB 000, of
which the situation of the significant overdue but not return short-term borrowings as follows:
In RMB
122
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Borrower Closing balance Borrowing rate Overdue time Overdue rate
Other note:
33. Transactional financial liabilities
In RMB
Items Closing balance Opening balance
Including：
Including：
Other note：
34. Derivative financial liability
In RMB
Items Closing balance Opening balance
Other note：
35.Note payable
In RMB
Items Closing balance Opening balance
Bank acceptance bill 43,602,955.00 160,670,000.00
Total 43,602,955.00 160,670,000.00
The total amount of the due but not pay notes payable at the period-end was of RMB 0.00.
36. Accounts payable
(1) List of accounts payable
In RMB
Items Closing balance Opening balance
Within 1 year 150,164,145.11 186,738,613.09
1-2 years 1,219,209.52 1,219,209.52
2-3 years 530,450.87 530,450.87
Over 3 years 1,804,170.65 1,804,170.65
Total 153,717,976.15 190,292,444.13
(2) Note of the accounts payable aging over one year
In RMB
Items Closing balance Unpaid/un-carry-over reason
Other note：
37. Advance from customers
(1) List of advance from customers
In RMB
Items Closing balance Opening balance
(2) Significant advance from customers aging over one year
In RMB
123
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Items Closing balance Unpaid/un-carry-over reason
Other note：
38.Contract liabilities
In RMB
Items Closing balance Opening balance
Sales payment for manufacturing
3,991,193.62 2,868,604.98
products is received in advance
Total 3,991,193.62 2,868,604.98
Amount and reason for significant changes in book value during the reporting period
In RMB
Items Amount Reason
39. Payroll payable
(1) List of Payroll payable
In RMB
Items Opening balance Increase Decrease Closing balance
Short-term
5,807,614.49 45,391,282.65 46,649,507.31 4,549,389.83
compensation
Post-employment
benefits - defined 3,019,024.94 5,292,904.66 5,152,181.95 3,159,747.65
contribution plans
Dismissal welfare 12,117,883.46 12,117,883.46
Total 20,944,522.89 50,684,187.31 63,919,572.72 7,709,137.48
（2）Presentation of short-term compensation
In RMB
Items Opening balance Increase Decrease Closing balance
(1) Salary, bonus,
allowance and 2,953,489.88 31,572,360.83 33,167,164.39 1,358,686.32
subsidy
(2) Employee
4,312,000.94 4,273,689.01 38,311.93
benefits
(3) Social insurance
1,249,255.33 4,972,993.78 4,874,125.83 1,348,123.28
expenses
Including: medical
1,181,049.11 4,619,161.30 4,526,807.23 1,273,403.18
insurance premium
Work-related injury
51,447.81 353,832.48 347,318.60 57,961.69
insurance premium
Maternity insurance
16,758.41 16,758.41
premium
(4) Housing fund 350,718.46 3,681,877.00 3,681,949.00 350,646.46
(5) Labor union
expenditures and
1,059,150.82 738,927.23 539,456.21 1,258,621.84
employee education
expenses
Short-term absence
195,000.00 113,122.87 113,122.87 195,000.00
with payment
Total 5,807,614.49 45,391,282.65 46,649,507.31 4,549,389.83
124
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
(3) List of drawing scheme
In RMB
Items Opening balance Increase Decrease Closing balance
Basic endowment
2,844,522.14 5,132,363.14 4,997,079.94 2,979,805.34
insurance premium
Unemployment
174,502.80 160,541.52 155,102.01 179,942.31
insurance premium
Total 3,019,024.94 5,292,904.66 5,152,181.95 3,159,747.65
Other note
40. Taxes payable
In RMB
Items Closing balance Opening balance
Individual income tax 332,596.10 455,942.81
Urban maintenance and
3,166,428.74 3,120,764.65
construction tax
property tax 3,727,900.64 3,727,900.64
Land use tax 1,938,031.20 1,808,215.20
Educational surtax 2,010,150.86 1,991,810.18
Other 5,008,895.94 4,029,488.35
Total 16,184,003.48 15,134,121.83
Other note
41.Other account payable
In RMB
Items Closing balance Opening balance
Other account payable 7,947,386.68 6,766,954.83
Total 7,947,386.68 6,766,954.83
（1) Interest payable
In RMB
Items Closing balance Opening balance
Particulars of significant overdue unpaid interest：
In RMB
Unit Overdue amount Overdue reason
Other note:
(2) Dividends payable
In RMB
Items Closing balance Unpaid/un-carry-over reason
Note: Including significant unpaid dividends payable over one year, the unpaid reason shall be disclosed:
125
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
(3) Other accounts payable
(1) Other accounts payable listed by nature of the account
In RMB
Items Closing balance Opening balance
Cash deposit 950,447.14 883,595.14
Work-related injury payment 182,224.40 182,224.40
Test expenses 2,588,591.29 444,312.20
Party organization funds 493,004.01 500,020.01
Design cost and Others 3,733,119.84 4,756,803.08
Total 7,947,386.68 6,766,954.83
（2）Significant other payables for over 1 year
In RMB
Reason for unreimbursed or
Item Ending balance
transferred
Other note
42. Liabilities classified as holding for sale
In RMB
Items Closing balance Opening balance
Other note:
43. Non-current liabilities due within 1 year
In RMB
Items Closing balance Opening balance
Other note:
44. Other current-liabilities
In RMB
Items Closing balance Opening balance
Taxes to be written off 518,855.17 372,918.65
Total 518,855.17 372,918.65
Changes on short term bonds payable:
In RMB
Overflo
Withdra
The w Pay in
Name of Book Issue Issue Opening w Closing
period current discount current
the bond value date amount balance interest balance
issue amortiza period
at par
tion
Other note:
45. Long-term borrowing
(1) Category of long-term loan
In RMB
Items Closing balance Opening balance
Note：
Other notes，including interest rate range：
126
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
46. Bonds payable
(1) Bonds payable
In RMB
Items Closing balance Opening balance
(2) Changes on bonds payable (not including other financial instrument classified as preferred stock and perpetual
capital securities of financial liabilities)
In RMB
Withdra Overflo
Name of The Pay in
Face Issue Issue Opening w w Closing
the Period current current
value date amount balance interest discount balance
bonds issue period
at par amount
Total -- -- --
(3) Note to conditions and time of share transfer of convertible bonds
(4) Note to other financial instrument classified as financial liabilities
Basic information of preferred stock, perpetual capital securities and other financial instruments outstanding
issued at period-end Change list of preferred stock, perpetual capital securities and other financial instruments
outstanding issued at period-end
In RMB
Opening period Increase Decrease Closing period
Financial
Provision Provision Provision Provision
instruments Book Book Book Book
for for for for
outstanding balance balance balance balance
impairment impairment impairment impairment
issued
Amount Book value Amount Book value Amount Book value Amount Book value
Note to the basis of other financial instrument classified as financial liabilities
Other note:
47. Lease liability
In RMB
Items Closing balance Opening balance
Other note
48. Long-term payable
In RMB
Items Closing balance Opening balance
(1) Long-term payable listed by nature of the account
In RMB
Items Closing balance Opening balance
Other note:
（2）Special payable
In RMB
127
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Formation
Items Opening balance Increase Decrease Closing balance
reasons
Other note:
49. Long term payroll payable
(1) List of long term payroll payable
In RMB
Items Closing balance Opening balance
(2) Changes of defined benefit plans
Present worth of defined benefit plans obligation:
In RMB
Items Amount of the Current Term Amount of the Previous Term
Plan assets:
In RMB
Items Amount of the Current Term Amount of the Previous Term
Net liabilities (net assets) of defined benefit plans
In RMB
Items Amount of the Current Term Amount of the Previous Term
Notes to the influence of the content and related risk of defined benefit plans to the future cash flows, time and
uncertainty of the Company:
Notes to analysis results of major actuarial assumptions and sensibility of defined benefit plans
Other notes:
50. Accrued liabilities
In RMB
Items Closing balance Opening balance Formation reasons
Other notes, including related important assumptions and estimates of accrued liabilities:
51. Deferred income
In RMB
Formation
Items Opening balance Increase Decrease Closing balance
reasons
Items involved in government subsidies:：
In RMB
Amount
Opening Amount of Closing Related to the
Items accrued in non- Other changes
balance newly subsidy balance assets/income
business
Other note:
52. Other non-current liabilities
In RMB
Items Closing balance Opening balance
Other note：
128
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
53. Share capital
In RMB
Increase ("+") /decrease ("-") for the current year
Share
Opening converted Closing
Issuance of Share
balance from public Others Sub-total balance
new shares donation
reserve
funds
Total 119,375,000. 119,375,000.
shares 00 00
Other note：
54. Other equity instruments
(1) Basic information of preferred stock, perpetual capital securities and other financial instruments outstanding
issued at period-end
(2) Change list of preferred stock, perpetual capital securities and other financial instruments outstanding issued at
period-end
In RMB
Financial Opening balance Increase Decrease Closing balance
instruments
outstanding Amount Book value Amount Book value Amount Book value Amount Book value
issued
Changes, reason of change and basis of relevant accounting treatment of other equity instruments in reporting
period:
Other note：
55. Capital reserves
In RMB
Items Opening balance Increase Decrease Closing balance
Capital premium 702,032,741.07 702,032,741.07
Other capital
256,532,553.22 256,532,553.22
reserves
Total 958,565,294.29 958,565,294.29
Other notes, including changes and reason of change:
56. Treasury stock
In RMB
Items Opening balance Increase Decrease Closing balance
Other notes, including changes and reason of change:
57. Other comprehensive income
In RMB
Occurred current term
Opening Amount Less： Less： Less： After-tax After-tax Closing
Items incurred Amount Prior Income attribute attribute
balance balance
before transferre period tax to the to
income d into included expenses parent minority
129
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
tax profit and in other company sharehold
loss in the composit er
current e income
period transfer
that to
recognied retained
into other income in
comprehe the
nsive current
income in period
prior
period
1. Other
comprehe
nsive
income
that
cannot be 9,800.00 9,800.00
reclassifie
d in the
loss and
gain in
the future
Share of
other
combined
income of
invested
units that
cannot be
9,800.00 9,800.00
reclassifie
d into
profit or
loss
under the
equity
method
Total of
other
comprehe 9,800.00 9,800.00
nsive
income
Other notes, including the adjustment of the recognition of initial amount of effective part of the cash flow
58. Special reserves
In RMB
Items Opening balance Increase Decrease Closing balance
Safety in
production 1,713,882.50 1,388,392.12 506,358.82 2,595,915.80
expenses
Total 1,713,882.50 1,388,392.12 506,358.82 2,595,915.80
Other note, including changes and reason of change:
130
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
59. Surplus reserves
In RMB
Items Opening balance Increase Decrease Closing balance
Statutory surplus
56,724,000.00 56,724,000.00
reserves
Discretionary
68,962,000.00 68,962,000.00
surplus reserves
Total 125,686,000.00 125,686,000.00
Other note, including changes and reason of change
60. Retained profits
In RMB
Items Amount of the Current Term Amount of the Previous Term
Adjust the undistributed profits
-1,056,046,383.95 -1,030,047,421.23
before and at the end of the period
Opening balance of retained profits
-1,056,046,383.95 -1,030,047,421.23
after adjustments
Add: Net profit attributable to
13,405,938.22 25,998,962.72
owners of the Parent company
Closing retained profits -1,042,640,445.73 -1,056,046,383.95
List of adjustment of opening retained profits:
1) RMB 000 opening retained profits was affected by retrospective adjustment conducted according to the
Accounting Standards for Business Enterprises and relevant new regulations.
2) RMB 000 opening retained profits was affected by changes on accounting policies.
3) RMB 000 opening retained profits was affected by correction of significant accounting errors.
4) RMB 000 opening retained profits was affected by changes in combination scope arising from same control.
5) RMB 000 opening retained profits was affected totally by other adjustments.
61. Operating income and operating costs
In RMB
Amount of the Current Term Amount of the Previous Term
Items
Income Cost Income Cost
Main business 232,565,591.25 219,733,002.10 448,479,663.54 392,932,260.12
Other business 6,565,871.59 5,526,678.32 8,484,765.48 6,341,807.31
Total 239,131,462.84 225,259,680.42 456,964,429.02 399,274,067.43
Income related information：
In RMB
Classification of the
Division 1 Division 2 Total
contract
Commodity type
Of which：
By operating area
Of which：
Market type
Of which：
Contract type
131
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Of which：
By the time of
commodity transfer
Of which：
by contract term
Of which：
By sales channel
Of which：
Total
Information related to performance obligations
According to the contract, the company delivers the goods to the agreed place or the third-party logistics company.
Each month, the customer issues a notice of account according to the actual consumption of the production. The
sales clerk issues an invoice according to the customer's notice of account, combined with the customer's
consumption, contract unit price, notice of account, etc. As the time point of control transfer, the sales revenue is
recognized. The credit period given by the company to customers is determined according to the credit risk of
customers, and there is no significant financing component.
Information related to the transaction price apportioned to the residual performance obligation:
The amount of revenue corresponding to performance obligations of contracts signed but not performed or not
fully performed yet was 3,991,193.62 Yuan at the period-end, among which RMB 3,991,193.62Yuan was expected to
be recognized in 2022.
Other notes
62.Taxes and surcharges
In RMB
Items Amount of the Current Term Amount of the Previous Term
Urban maintenance and
245,959.40 1,097,858.28
construction tax
Educational surtax 143,725.97 574,017.06
House tax 478,172.10 846,961.06
Land royalties 793,990.27 786,341.60
vehicle ship royalties 1,560.00 600.00
Stamp duty 251,669.70 156,616.80
Other 346,795.04 554,879.25
Total 2,261,872.48 4,017,274.05
Other note:
63. Selling expenses
In RMB
Items Amount of the Current Term Amount of the Previous Term
Repair cost 1,611,009.58 4,774,043.21
Transportation cost 86,409.23 207,286.45
Payroll Payable 3,594,883.83 3,782,298.55
Storage fee 506,651.05 723,217.64
132
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Travel expenses 304,574.01 297,284.47
Sales service charge 139,057.96 221,712.81
Advertising expenses 95,049.50
Exhibition fees -40,608.00
Office expenses 39,298.63 34,507.53
Depreciation costs 22,937.66 36,757.99
Insurance expenses 601,638.39 252,505.99
Total 6,906,460.34 10,384,056.14
Other note：
64. Administrative expenses
In RMB
Items Amount of the Current Term Amount of the Previous Term
Payroll Payable 4,379,995.60 22,806,176.80
Depreciation costs 1,645,374.54 3,960,725.33
Repair charges 2,294,828.04 2,505,130.64
Consulting fee 92,145.74
Office expenses 351,766.45 330,038.98
Agency fee 709,223.40 624,737.43
Travel expenses 87,611.87 210,054.21
Amortization of intangible assets 755,303.31 914,987.77
Board of directors' expenses 92,548.84 173,867.91
Business entertainment 193,361.38 198,607.38
Sewage charge 746,227.70 794,194.81
Lawsuit fee 94,339.62 13,800.00
Insurance expenses 3,240,622.39 876,862.26
Total 14,591,203.14 33,501,329.26
Other note：
65. R&D Expense
In RMB
Items Amount of the Current Term Amount of the Previous Term
Material cost 747,734.04 508,767.12
Payroll Payable 11,138,298.39 5,058,360.34
Depreciation costs 1,045,218.56 1,078,313.38
Amortization of intangible assets 134,263.74 253,396.80
Travel expenses 227,364.90 201,144.58
Other 1,455,596.88 1,073,712.72
Total 14,748,476.51 8,173,694.94
Other note：
66. Financial expenses
In RMB
Items Amount of the Current Term Amount of the Previous Term
Interest expenses 9,877,903.63 13,938,512.41
Less: Interest income 546,885.24 381,047.67
Exchange gains and losses -12,261.65 20,547.36
Commission Charge and others -901,896.09 99,219.94
Total 8,416,860.65 13,677,232.04
Other note：
133
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
67.Other income
In RMB
Other sources of revenue Amount of the Current Term Amount of the Previous Term
Stable post subsidies 89,224.87 8,400.00
R & D Subsidies 37,900.00 10,000.00
Reward for stable growth of
industrial enterprises above
designated scale by the Finance 100,000.00
Bureau of Jiulongpo District,
Chongqing
Subsidies from the Finance Bureau
of Jiulongpo District, Chongqing
44,700.00
Municipality, Jiulongpo District
Ecological Environment Bureau
Third generation service fee 19,274.04 16,316.61
Subsidies from the District-level
Enterprise Technology Innovation
80,000.00 200,000.00
Center of the Finance Bureau of
Jiulongpo District, Chongqing City
Subsidies for science and
technology projects from the
Technology Bureau of Jiulongpo 50,000.00
District, Chongqing(District
property rights)
Subsidies from Ba’nan District
32,077.36
Ecological Environment Bureau
Amount not to be paid 975,470.31 461,493.97
Total 1,201,869.22 461,493.97
68.Investment income
In RMB
Items Amount of the Current Term Amount of the Previous Term
Long-term equity investment
income calculated by equity 4,372,958.10 767,993.22
method
Total 4,372,958.10 767,993.22
Other note：
69.Net exposure hedging income
In RMB
Items Amount of the Current Term Amount of the Previous Term
Other note
70. Gains on the changes in the fair value
In RMB
Source Amount of the Current Term Amount of the Previous Term
Other note
134
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
71. Credit impairment loss
In RMB
Items Amount of the Current Term Amount of the Previous Term
Loss of receivables 715,809.13 -108,153.11
Total 715,809.13 -108,153.11
Other note：
72. Losses from asset impairment
In RMB
Items Amount of the Current Term Amount of the Previous Term
Other note：
73. Asset disposal income
In RMB
Source Amount of the Current Term Amount of the Previous Term
Total profits of non-current assets
39,860,952.30 1,566,473.14
disposal
Total 39,860,952.30 1,566,473.14
74. Non-operating income
In RMB
Amount of the Current Amount of the Previous Recorded in the amount
Items Term Term of the non-recurring gains
and losses
Other 135,599.04 11.31 135,599.04
Write off the accounts
198,647.24
payable
Total 135,599.04 198,658.55 135,599.04
Government subsidies recorded into current profits and losses：
In RMB
Whether
the impact Amount of Amount of
of subsidies Whether Assets-
Issuing Issuing
Items Nature on the special current previous related/inco
body Reason
current subsidies me -related
profit and
period period
loss
Other note：
75. Non-operating expenses
In RMB
Items Amount of the Current Amount of the Previous Carried to current
Term Term contingent gain/loss
Loss of non-current
assets damaged and 169.23
scrapped
Other 2,505.21 2.29
Total 2,505.21 171.52
Other note
135
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
76. Income tax expense
(1) Lists of income tax expense
Items Amount of the Current Term Amount of the Previous Term
Current income tax expense 781.64 -1,279,343.82
Deferred income tax expense -175,127.98
Total -174,346.34 -1,279,343.82
(2) Adjustment process of accounting profit and income tax expense
In RMB
Items Amount of the Current Term
Total profit 13,231,591.88
Income tax expenses -174,346.34
Other note
77. Other comprehensive income
Refer to the note
78. Supplementary information to cash flow statement
(1) Other cash received relevant to operating activities
In RMB
Items Amount of the Current Term Amount of the Previous Term
Interest income 410,429.00 136,678.82
Government subsidy 737,900.00
Deposit, petty funds 6,778,717.37 4,972,526.81
Total 7,927,046.37 5,109,205.63
Note：
(2) Other cash paid related to operation
In RMB
Items Amount of the Current Term Amount of the Previous Term
Deposits, petty cash and allotment 5,339,666.87 4,938,288.46
Expenses paid in cash during the
7,244,093.34 7,692,393.27
period
Total 12,583,760.21 12,630,681.73
Statement on other cash paid related to operation
(3) Other cash received related to investment
In RMB
Items Amount of the Current Term Amount of the Previous Term
Statement on other cash received related to investment
136
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
(4) Other cash paid related to investment
In RMB
Items Amount of the Current Term Amount of the Previous Term
Statement on other cash paid related to investment
(5) Other cash received related to financing
In RMB
Items Amount of the Current Term Amount of the Previous Term
Interest 145,373.08 244,002.56
Collection of financing 17,010,000.00
Total 17,155,373.08 244,002.56
Note：
(6) Other cash paid relevant to financing activities
In RMB
Items Amount of the Current Term Amount of the Previous Term
Payment of due financing notes 117,420,000.00 32,787,012.08
Commission charge 22,081.48 21,685.00
Total 117,442,081.48 32,808,697.08
Note：
79. Supplementary information to cash flow statement
(1) Information of net profit to net cash flows
In RMB
Supplementary information Amount of the Current Term Amount of the Previous Term
1. Net profit adjusted to cash flows
from operating activities
Net profits 13,405,938.22 -7,897,586.77
Add：Provision for assets
-715,809.13 108,153.11
impairment
Depreciation of fixed assets, oil
and gas assets and consumable 12,691,430.17 15,989,303.04
biological assets
Depreciation of Use right
0.00
assets
Amortization of intangible assets 820,536.71 563,812.93
Amortization of Long-term
23,349.06 -115,577.83
deferred expenses
Loss on disposal of fixed assets,
intangible assets and other long- -39,860,952.30 -1,566,473.14
term deferred assets
Fixed assets scrap loss 0.00
Loss on fair value changes 0.00
Financial cost 9,877,903.63 13,938,512.41
137
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Loss on investment -4,372,958.10 -767,993.22
Decrease of deferred income tax
0.00
assets
Increased of deferred income tax
-175,127.98
liabilities
Decrease of inventories 31,747,487.89 23,281,124.32
Decease of operating receivables 154,269,985.67 -45,411,936.63
Increased of operating Payable -146,322,551.34 23,632,682.19
Other 0.00
Net cash flows arising from
31,389,232.50 21,754,020.41
operating activities
II. Significant investment and
financing activities that without
cash flows:
Conversion of debt into capital
Convertible corporate bonds
maturing within one year
Financing of fixed assets leased
3．Movement of cash and cash
equivalents：
Ending balance of cash 64,871,780.20 57,367,878.06
Less: Beginning balance of cash
23,738,523.19 79,310,253.55
equivalents
Add：End balance of cash
equivalents
Less: Beginning balance of cash
equivalents
Net increase of cash and cash
41,133,257.01 -21,942,375.49
equivalent
(2) Net Cash paid of obtaining the subsidiary
In RMB
Amount
Of which --
Of which --
Of which --
Other note：
(3) Net Cash receive of disposal of the subsidiary
In RMB
Amount
Of which --
Of which --
Of which --
Other note：
(4) Component of cash and cash equivalents
In RMB
138
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Items Closing balance Opening balance
I. Cash 64,871,780.20 23,738,523.19
Demand bank deposit 64,871,780.20 23,738,523.19
III. Balance of cash and cash
64,871,780.20 23,738,523.19
equivalents at the period end
Other note：
80. Note of statement of changes in the owner's equity
Specify the description of the item "others" and the adjusted amount of the balance at the end of last year:
Not applicable
81. The assets with the ownership or use right restricted
In RMB
Book value at the end of the
Items Cause of restriction
reporting period
Monetary funds 41,700,000.00 Guarantee deposit, fixed deposit
Receivable financing 26,602,955.00 Pledge
Total 68,302,955.00
Other note：
82. Foreign currency monetary items
(1) Foreign currency monetary items
In RMB
Closing foreign currency Closing convert to RMB
Items Exchange rate
balance balance
Monetary funds
Including：USD
Euro
HKD
Account receivable
Including：USD
Euro
HKD
Long-term borrowing
Including：USD
Euro
HKD
Other note：
(2) Note to oversea entities including: for significant oversea entities, shall disclose main operating place,
recording currency and selection basis, if there are changes into recording currency, shall also disclose the reason.
□ Applicable √Not applicable
Other note：
139
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
83. Arbitrage
Arbitrage According to arbitrage category to disclose arbitrage item, relevant arbitrage tools and the arbitraged
risk qualitative and quantitative information:
84. Government subsidies
（1）Government subsidies confirmed in current period
In RMB
Amount included in
Items Amount Project
current profit and loss
Government subsidies related
1,201,869.22 Other incme 1,201,869.22
to the benefits
（2）Government subsidy return
□ Applicable √ Not applicable
Other note：
85.Other
VIII. Changes of merge scope
1. Business merger not under same control
(1) Business merger not under same control in reporting period
In RMB
Income of Net profits
Time and Recognitio acquiree of acquiree
Cost of Proportion Way to
place of Purchase n basis of during the during the
Name gaining the of stock gain the
gaining the date purchase purchase purchase
stock rights rights stock rights
stock right date date to date to
period-end period-end
Other note：
(2) Combined cost and goodwill
In RMB
Combined cost
--Cash
-- Fair value of the non-cash assets
-- The fair value of the debt issued or assumed
-- Fair value of the equity securities issue
-- Fair value of the contingent consideration
-- Fair value of the equity held before the date of
purchase
--Other
Total cost of consolidation
140
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Less： Share of the fair value of the identifiable net
assets obtained
Goodwill / consolidation cost is less than the amount
of the fair value share of the identifiable net assets
obtained
Notes to determination method, consideration and changes of fair value of combined cost:
The main formation reason for the large goodwill:
Other note:
(3) The identifiable assets and liabilities of acquiree at purchase date
In RMB
Fair value on purchase date Book value on purchase date
Assets：
Monetary funds
Account receivable
Inventory
Fixed assets
Intangible assets
Liabilities：
Loans
Account payable
Deferred income tax liabilities
Net assets
Less：minority equity
Net assets obtained
The recognition method of the fair value of identifiable assets and liabilities
Contingent liability of acquiree undertaken by business merger
Other note:
(4) The profit or loss from equity held by the date before acquisition in accordance with the fair value measured
again、
Whether there is a transaction that through multiple transaction step by step to realize enterprises merger and
gaining the control during the reporting period
□ Yes √ No
(5) Note to merger could not be determined reasonable consideration or Identifiable assets, Fair value of liabilities
of the acquiree at acquisition date or closing period of the merge
(6) Other note:
2. Business combination under the same control
(1) Business combination under the same control during the reporting period
In RMB
141
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Net profits
Income
from the
from the
reporting
period-
Recognitio period to Income Net profits
Proportion begin to the
Combinatio n basis of the during the during the
Name of the Basis combinatio
n date combinatio combinatio period of period of
profits n date of
n date n date of comparison comparison
the
the
combinatio
combinatio
n
n
Other note：
(2) Combination cost
In RMB
Combination cost
--Cash
-- Book value of the non-cash assets
-- The book value of the debt issued or assumed
-- Face value of the equity securities issued
-- A contingent consideration
Notes to contingent consideration or other changes:
Other note:
(3) The book value of the assets and liabilities of the merged party on the date of consolidation
In RMB
Combination date Last closing period
Assets：
Monetary funds
Account receivable
Inventory
Fixed assets
Intangible assets
Liabilities：
Loans
Account payable
Net assets
Less：minority equity
Net assets obtained
Contingent liabilities of the combined party undertaken in combination
Other note:
3. Counter purchase
Basic information of trading, the basis of transactions constitute counter purchase, the retain assets , liabilities of
the listed companies whether constituted a business and its basis, the determination of the combination costs, the
142
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
amount and calculation of adjusted rights and interests in accordance with the equity transaction process.
4. The disposal of subsidiary
Whether there is a single disposal of the investment to subsidiary and lost control
□ Yes √No
Whether there are multiple transactions step by step dispose the investment to subsidiary and lost control in
reporting period
□ Yes √ No
5. Changes in the merger scope for other reason
Notes to reasons for the changes in combination scope (Newly established subsidiary and subsidiary of
liquidation) and relevant information:
6. Other
IX. Equity in other entities
1. Equity in subsidiary
(1) The structure of the enterprise group
Proportion of
Main
Registrat shareholding Way of
Name operating Nature of business
ion place Indirec gaining
place Directly
tly
Notes: holding proportion in subsidiary different from voting proportion:
Basis of holding half or less voting rights but still been controlled investee and holding more than half of the
voting rights not been controlled investee:
Significant structure entities and controlling basis in the scope of combination:
Basis of determine whether the Company is the agent or the principal:
Other note:
(2) Significant not wholly owned subsidiary
In RMB
Shareholding The profits and losses Declaring dividends Balance of minority
Name proportion of arbitrate to the distribute to minority shareholder at closing
minority shareholder minority shareholders shareholder period
Holding proportion of minority shareholder in subsidiary different from voting proportion:
Other note:
(3) The main financial information of significant not wholly owned subsidiary
In RMB
Name Closing balance Opening balance
143
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Non- Non-
Non- Current Total Non- Current Total
Current Total current Current Total current
current Liabiliti Liabiliti current Liabiliti Liabiliti
assets assets Liabiliti assets assets Liabiliti
assets es es assets es es
es es
In RMB
June 30,2021 June 30,2020
Total
Total
Name Operation Operating Operation comprehen Operating
Net profit comprehen Net profit
revenue cash flow revenue sive cash flow
sive income
income
Other note:
(4) Significant restrictions of using enterprise group assets and pay off enterprise group debt
(5) Provide financial support or other support for structure entities incorporate into the scope of consolidated
financial statements
Other note:
2. The transaction of the Company with its owner’s equity share changed but still controlling the subsidiary
(1) Note to owner’s equity share changed in subsidiary
(2) The transaction’s influence to equity of minority shareholders and attributable to the owner's equity of the
parent company
In RMB
Purchase cost / disposal consideration
--Cash
-- Fair value of the non-cash assets
Total purchase cost / disposal consideration
Less： Share of the net assets of the subsidiary
calculated by the proportion of the equity acquired /
disposed of
Difference
Including： Adjust capital reserves
Adjust surplus reserves
Adjust the undistributed profits
Other note
3. Equity in joint venture arrangement or associated enterprise
(1) Significant joint venture arrangement or associated enterprise
Shareholding Accounting
ratio (%) treatment
Domicile of methods for
Name of joint venture Registered
primary Business nature the
or associate place Indir
operation Directly investments in
ect
joint ventures
or associates
Notes to holding proportion of joint venture or associated enterprise different from voting proportion:
144
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Basis of holding less than 20% of the voting rights but has a significant impact or holding 20% or more voting
rights but does not have a significant impact:
（2）Major joint ventures and associates
In RMB
单位：元
Beginning balance / Amount of the
Ending balance / Current amount
previous period
Current assets
Including: cash and cash
equivalents
Non-current assets
Total assets
Current liabilities
Non-current liabilities
Total liabilities
Minority equity
Equity attributable to the
shareholders of parent company
Shares in net assets calculated
according to the shareholding
ratios
Adjustment events
- Goodwill
- Unrealized profits of internal
transactions
- Others
The book values of equity
investments in joint ventures
The fair values of equity
investments in joint ventures with a
public offer
Operating income
Financial expenses
Income tax expenses
Net profit
Net profit from termination
Other comprehensive income
145
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Total comprehensive income
Dividends received from joint
ventures for the current
year
Other note
(3) Main financial information of significant associated enterprise
In RMB
Amount of current period Amount of previous period
Current assets
Non-current assets
Total assets
Current liabilities
Non-current liabilities
Total liabilities
Minority equity
Equity attributable to the
shareholders of parent company
Shares in net assets calculated
according to the shareholding
ratios
Adjustment events
- Goodwill
- Unrealized profits of internal
transactions
- Others
The book values of equity
investments in associated
enterprise
Operating income
Net profit
Net profit from termination
Other comprehensive income
Total comprehensive income
146
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Dividends received from
associated enterprise for the current
year
Other note
(4) Summary financial information of insignificant joint venture or associated enterprise
In RMB
Amount of current period Amount of previous period
Joint venture：
The total of following items
according to the shareholding
proportions
Associated enterprise:
The total of following items
according to the shareholding
proportions
Other note
(5) Note to the significant restrictions of the ability of joint venture or associated enterprise transfer funds to the
Company
(6) The excess loss of joint venture or associated enterprise
In RMB
The cumulative recognized
The derecognized losses or The no cumulative
losses in previous
Name the share of net profit in unrecognized losses in
accumulatively
reporting period reporting period
derecognized
Other note:
(7) The unrecognized commitment related to joint venture investment
(8) Contingent liabilities related to joint venture or associated enterprise investment
4. Significant common operation
Main operating Proportion /share portion
Name place registration Registration place Business nature
Directly Indirectly
place
Note to holding proportion or share portion in common operation different from voting proportion:
Basis of common operation as a single entity, classify as common operation Other notes:
Other note
5. Equity of structure entity not including in the scope of consolidated financial statements
Related notes to structure entity not including in the scope of consolidated financial statements
147
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
6.Other
X. The risk related financial instruments
XI. The disclosure of the fair value
1. Closing fair value of assets and liabilities calculated by fair value
In RMB
Closing fair value
Fair value Fair value Fair value
Items
measurement items measurement items measurement items Total
at level 1 at level 2 at level 3
I. Consistent fair
-- -- -- --
value measurement
II Inconsistent fair
value -- -- -- --
measurement
2. Market price recognition basis for consistent and inconsistent fair value measurement items at level 1
3. Valuation technique adopted and nature and amount determination of important parameters for consistent and
inconsistent fair value measurement items at level 2
4. Valuation technique adopted and nature and amount determination of important parameters for consistent and
inconsistent fair value measurement items at level 3
5. Sensitiveness analysis on unobservable parameters and adjustment information between opening and closing
book value of consistent fair value measurement items at level 3
6. Explain the reason for conversion and the policy governing when the conversion happens if conversion happens
among consistent fair value measurement items at different levels
7. Changes in the valuation technique in the current period and the reason for change
8. Fair value of financial assets and liabilities not measured at fair value
9. Other
XII. Related party and related Transaction
1. Information related to parent company of the Company
Shareholding Voting ratio in
Name of the Registered Registered
Business nature ratio in the the Company
parent company place capital
Company (%) (%)
Military Investment in
Equipment Beijing state-owned 3,530,000.00 71.13% 71.13%
Group assets
Notes
The ultimate controller of the Company is The State-owned Assets Supervision and Administration Commission
of the State Council.
148
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Other note
2. Subsidiaries of the Company
See notes
3. Information on the joint ventures and associated enterprises of the Company
The details of significant joint venture and associated enterprise of the Company
Information on other joint venture and associated enterprise of occurring related party transactions with the
Company in reporting period, or form balance due to related party transactions in previous period:
Name of joint venture or associate Relationship with the company
Other note
4.Other related parties of the Company
Name of other related parties Relationship with the Company
Jianshe Mechanical and Electric Under the common control of the same party
Jianshe Industry Under the common control of the same party
Military Finance Co. Under the common control of the same party
Chongqing Jianxing Machinery Manufacturing Co., An Joint venture a subsidiary of a controlling
Ltd. shareholder
Changan Auto Under the common control of the same party
Changan Auto.Beijing Chanan Auto Company. Under the common control of the same party
An Joint venture a subsidiary of a controlling
Chongqing Yaoling Auto
shareholder
Hefei Changan Under the common control of the same party
Nanjing Changan Under the common control of the same party
Baoding Changan Bus Manufacturing Co., Ltd. Under the common control of the same party
Heifei Changan Auto Under the common control of the same party
Southern Motorcycle Under the common control of the same party
Chongqing Changan Auto Customer service Co., Ltd. Under the common control of the same party
Chongqing Changan Auto International Sale Service
Co., Ltd. Under the common control of the same party
Chongqing Northern Jianshe Import & Export Co.,
Ltd. Under the common control of the same party
Harbin Hafei Automobile Co., Ltd Under the common control of the same party
Sichuan Huaqing Machinery Co., Ltd. Under the common control of the same party
An Joint venture a subsidiary of a controlling
Changan Ford Motor Co., Ltd. Harbin Branch
shareholder
Harbin Dongan Auto Power Co., Ltd. Under the common control of the same party
South Air International Co., Ltd. ("South Air ") Under the common control of the same party
Southwest Ordnance Chongqing Environmental
Protection Research Institute Co., Ltd.（" Southwest Under the common control of the same party
Ordnance"）
China Ordnance Equipment Group commercial
Under the common control of the same party
factoring Co., Ltd.
Chongqing Jianshe Yamaha Motorcycle Co., Ltd. A Joint venture of a subsidiary of a controlling
149
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
（"Jianshe Yamaha"） shareholder
Chongqing Changan Minsheng Logistics Co., Ltd. A Joint venture of a subsidiary of a controlling
（"Minsheng Logistics "） shareholder
Chongqing Jianshe lijue Industrial Co., Ltd.（" A Joint venture of a subsidiary of a controlling
Jianshe lijue"） shareholder
Xuechuan Yan Board Chairman
Aijun Fan Director、General manager
Qihong Dong Board director
Qingong Shi Board director
Hao Lin Director
Jiaming Li Independent director
Fei Xie Independent director
Weiwei Song Independent director
Wei Liu Independent director
Xianyun Lu Supervisory board chairman
Lungang Zhang Supervisor
Guoan Qiao Supervisor
Jian Liao Employee supervisor
Qiang Su Employee supervisor
Mingxian Tan General Accountant
Yongjiang Li Vice-general manager
Zhou Yongqing Vice-general manager
Hushan Zhang Secretary of the board of directors
Other note
5. List of related-party transactions
(1) Information on acquisition of goods and reception of labor service
Acquisition of goods and reception of labor service
In RMB
Occurred Trading limit Over the trading Occurred in
Related party Content
current term approved limit or not previous term
Jianshe Industry Part test 164,081.65 1,000,000.00 No 344,312.29
Jianshe Industry Energy Fee 406,077.69 2,000,000.00 No 877,216.88
Cbangan Group Acceptance of
311,859.53 1,000,000.00 No 478,707.99
and its repairing
150
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Subsidiaries service
Southwest
Ordnance
Chongqing
Environmental
Service 731,490.58 2,000,000.00 No 777,495.22
Protection
Research
Institute Co.,
Ltd
Chongqing
Chang'an
Minsheng Service 868,668.74 4,000,000.00 No 1,818,237.91
Logistics Co.,
Ltd
Sales of goods and services
In RMB
Subjects of the related Occurred in previous
Related parties Occurred current term
transactions term
Cbangan Group and its
Sales of goods 38,242,501.11 101,396,938.36
Subsidiaries
Chongqing Yamaha
Selling parts 2,662,841.04 6,604,586.53
Motorcycle Co., Ltd.
Chongqing Jianshe
HANON Automobile
Selling parts 853,265.31 2,351,020.24
Thermal Management
System Co., Ltd
Chongqing Jianshe
HANON Automobile
Energy fee 3,417,899.06 4,083,965.12
Thermal Management
System Co., Ltd
Jianshe Industry Energy fee 622,894.71 204,367.98
Jianshe Mechanical and
Energy fee 83,764.33
Electric
(2) Related trusteeship/contract
Lists of related trusteeship/contract
In RMB
Income
Name of the Name of the
recognized in
entruster/Contr entrustee/Contr Type Initial date Due date Pricing basis
the reporting
actee actor
period
Note
Lists of entrust/contractee：
In RMB
Charge
Name of the Name of the
recognized in
entruster/Contr entrustee/Contr Type Initial date Due date Pricing basis
the reporting
actee actor
period
Notes:
(3) Information of related lease
The Company was lessor:
In RMB
The lease income The lease income
Name of lessee Category of leased assets
confirmed in this year confirmed in last year
151
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
The Company was lessee：
In RMB
The lease income
Lessor Category of leased assets Category of leased assets
confirmed in this year
(4) Related-party guarantee
The Company was guarantor
In RMB
Execution
Secured party Guarantee amount Start date End date
accomplished or not
The Company was secured party
In RMB
Execution
Guarantor Guarantee amount Start date End date
accomplished or not
Notes
(5) Inter-bank lending of capital of related parties：
Amount borrowed
Related party Initial date Due date Notes
and loaned
Borrowed
Loaned
(6) Related party asset transfer and debt restructuring
In RMB
Related party Content Occurred current term Occurred in previous term
(7) Rewards for the key management personnel
In RMB
Items Occurred current term Occurred in previous term
(8) Other related transactions
6. Receivable and payables due with related parties
（1）Receivables
In RMB
At end of term At beginning of term
Project Related parties Bad debt Bad debt
Book balance Book balance
provision provision
（2）Payables
In RMB
Project Related parties At end of term At beginning of term
152
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
7. Related party commitment
8.Other
XIII. Stock payment
1. The Stock payment overall situation
□ Applicable √ Not applicable
2. The Stock payment settled by equity
□ Applicable √ Not applicable
3. The Stock payment settled by cash
□ Applicable √ Not applicable
4. Modification and termination of the stock payment
5.Other
XIV. Commitments
1.Significant commitments
Significant commitments at balance sheet date
2. Contingency
(1) Significant contingency at balance sheet date
(2) The Company have no significant contingency to disclose, also should be stated
There was no significant contingency in the Company.
3.Other
XV. Events after balance sheet date
1. Significant events had not adjusted
In RMB
Influence number to the
Reason of unable to
Items Content Financial position and
estimate influence number
operating results
153
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
2. Profit distribution
3. Sales return
4. Notes of other significant events
XVI. Other significant events
1. The accounting errors correction in previous period
（1）Retrospective restatement
In RMB
Name of the influenced
Content Processing program report items during Accumulative impact
comparison period
（2）Prospective application
Reason of adopting prospective
Content Processing program
application
2. Debt restructuring
3. Replacement of assets
(1) Non-monetary assets exchange
(2) Other assets replacement
4. Pension plan
5. Discontinuing operation
In RMB
Termination of
the business
profits
Income tax
Items Income Expenses Total profit Net profit attributable to
expenses
the parent
company
owner
Other note
6. Segment information
(1) Recognition basis and accounting policies of reportable segment
(2) The financial information of reportable segment
In RMB
Items Offset during segments Total
154
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
(3) There was no reportable segment, or the total amount of assets and liabilities of each part of reportable
segment, shall disclose the reason.
(4) Other notes
7. Other important transactions and events have an impact on investors’ decision-making
8. Other
XVII. Notes of main items in the financial statements of the Parent Company
1. Accounts receivable
(1) Accounts receivable classified by category
In RMB
Closing balance Opening balance
Bad debt Bad debt
Catego Book balance Book balance
provision Book provision Book
ry
Amoun Proport Amoun Proport value Amoun Proport Amoun Proport value
t ion % t ion % t ion % t ion %
Of
which
Accrua
l of bad
debt
4,150,36 1,291,49 2,858,87 4,443,97 1,291,49 3,152,47
provisi 100.00% 31.17% 100.00% 29.06%
7.81 6.94 0.87 2.39 6.94 5.45
on by
portfoli
o
Of
which
4,150,36 1,291,49 2,858,87 4,443,97 1,291,49 3,152,47
Total 100.00% 31.17% 100.00% 29.06%
7.81 6.94 0.87 2.39 6.94 5.45
Accrual of bad debt provision by single item:
In RMB
Closing balance
Name
Book balance Bad debt provision Proportion Reason
Accrual of bad debt provision by portfolio: 1,291,496.94
In RMB
Closing balance
Name
Book balance Bad debt provision Proportion
Note：
Relevant information of the provision for bad debts will be disclosed with reference to the disclosure method of
account receivables if the provision for bad debts of bills receivable is accrued according to the general model of
expected credit loss:
□ Applicable √ Not applicable
Disclosure by aging
In RMB
Aging Closing balance
Within 1 year（Including 1 year） 2,858,870.87
155
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Over 3 years 1,291,496.94
Over 5 years 1,291,496.94
Total 4,150,367.81
(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision：
In RMB
Amount of change in the curent period
Opening Reversed or Closing
Category
balance Accrual collected Write-off Other balance
amount
Of which the significant amount of the reversed or collected part during the reporting period
In RMB
Items Reversed or collected amount Method
(3) The actual write-off accounts receivable
In RMB
Items Amount
Of which the significant actual write-off accounts receivable:
In RMB
Whether occurred
Name Nature Amount Reason Process from the related
transactions
（4）The ending balance of other receivables owed by the imputation of the top five parties
In RMB
Name Amount Proportion(%) Bad debt provision
Chongqing Jianshe
HANON Automobile
1,624,713.71 39.15%
Termal Management
System Co., Ltd
Chongqing Yamaha
1,212,981.11 29.23%
Motorcycle Co., Ltd
Wuhan Longchang
Company Wujiao Market 473,539.96 11.41% 473,539.96
Department
China Aerospace Science
and Technology
395,296.04 9.52% 395,296.04
Corporation long March
Machinery Factory
Chongqing Chihai
Machine Manufacturing 145,999.35 3.52% 145,999.35
Co.,Ltd
Total 3,852,530.17 92.83%
156
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
(5) Account receivable which terminate the recognition owning to the transfer of the financial assets
(6) The amount of the assets and liabilities formed by the transfer and the continues involvement of accounts
receivable
Other note
2. Other accounts receivable
In RMB
Items Closing balance Opening balance
Other accounts receivable 374,495.59 1,153,592.45
Total 374,495.59 1,153,592.45
（1）Interest receivable
1) Category of interest receivable
In RMB
Items Closing balance Opening balance
2) Significant overdue interest
Whether occurred
Borrower Closing balance Overdue time Reason impairment and its
judgment basis
Other note：
3）Bad-debt provision
□ Applicable √ Not applicable
(3) Dividend receivable
1) Dividend receivable
In RMB
Items Closing balance Opening balance
2) Significant dividend receivable aged over 1 year
In RMB
Whether occurred
Items Closing balance Aging Reason impairment and its
judgment basis
Other notes：
3)Bad-debt provision
□ Applicable √ Not applicable
Other note：
157
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
(3) Other accounts receivable
1) Other accounts receivable classified by the nature of accounts
In RMB
Nature Closing book balance Opening book balance
Petty cash 374,495.59 1,153,592.45
Total 374,495.59 1,153,592.45
2）Provision for bad debts
In RMB
Stage 1 Stage 2 Stage 3
Expected credit
Expected credit Expected credit loss losses for the entire
Bad Debt Reserves Total
losses over the next over life (no credit duration (credit
12 months impairment) impairment
occurred)
Balance as at
3,888,107.41 1,794,389.91 5,682,497.32
January 1, 2022
Balance as at
January 1, 2022 in
current
Balance as at June
3,888,107.41 1,794,389.91 5,682,497.32
30,2022
Loss provision changes in current period, change in book balance with significant amount
□ Applicable √Not applicable
Disclosure by aging
In RMB
Aging Closing balance
Within 1 year(Including 1 year） 374,495.59
1-2 years 1,223,146.45
2-3 years 255,723.62
Over 3 years 4,203,627.25
Over 5 years 4,203,627.25
Total 6,056,992.91
3) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision：
In RMB
Amount of change in the current period
Category Opening balance Reversed or collected Closing balance
Accrual
amount
Of which the significant amount of the reversed or collected part during the reporting period
In RMB
Items Reversed or collected amount Method
4) The actual write-off accounts receivable
In RMB
Items Amount
Of which the significant actual write-off accounts receivable:
In RMB
Whether occurred
Name Nature Amount Reason Process
from the related
158
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
transactions
Notes of the write-off other accounts receivable:
5) Top 5 of the closing balance of the other accounts receivable collected according to the arrears party
In RMB
Portion in Bad debt
Year-end total other provision of
Name Nature Aging
balance receivables(% year-end
) balance
6) Accounts receivable involved with government subsidies
In RMB
Estimated received
Project of
Name Opening balance Closing balance time, amount and
government
basis
7) Other account receivable which terminate the recognition owning to the transfer of the financial assets
8) The amount of the assets and liabilities formed by the transfer and the continues involvement of other accounts
receivable
Other note:
3. Long-term equity investment
In RMB
Closing balance Opening balance
Items Provision for Provision for
Book balance Book value Book balance Book value
impairment impairment
Investments
in 199,045,443.95 199,045,443.95 199,045,443.95 199,045,443.95
subsidiaries
Investments
in associates
206,357,226.82 206,357,226.82 201,984,268.72 201,984,268.72
and joint
ventures
Total 405,402,670.77 405,402,670.77 401,029,712.67 401,029,712.67
（1） Investments in subsidiaries
In RMB
Increase /decrease Closing
Opening Withdrawn Closing balance of
Investees Add Decreased
balance impairment Other balance impairment
investment investment
provision provision
Chongqing
Jianshe
160,000,000. 160,000,000.
Automobil
00 00
e A/C Co.,
Ltd.
159
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Chongqing
Pingshan
39,045,443.9 39,045,443.9
TK
5 5
Carburetor
Co., Ltd
199,045,443. 199,045,443.
Total
95 95
（2）Investments in associates and joint ventures
In RMB
Increases/decreases in the current year
Declar Balanc
Openi Other Closin e of
ation
Invest ng Addit compr Chang Impair g provisi
of
ee Balanc ional ehensi es in ment balanc on for
cash Other
e inves ve other provisi e impair
divide
tment incom equity on ment
nds or
e
profits
1. Joint ventures
Jiansh
e 201,984 4,372,9 206,357
HAN ,268.72 58.10 ,226.82
ON
Subtot 201,984 4,372,9 206,357
al ,268.72 58.10 ,226.82
2．Associates
201,984 4,372,9 206,357
Total
,268.72 58.10 ,226.82
（3） Other note
4. Operation income and operation cost
In RMB
Occurred current term Occurred in previous term
Items
Income Cost Income Cost
Major business
121,003,695.74 125,811,724.28 291,221,279.33 282,009,975.23
turnover
Other business
4,484,123.70 4,323,081.91 6,250,780.86 5,000,602.46
income
Total 125,487,819.44 130,134,806.19 297,472,060.19 287,010,577.69
Income related information：
In RMB
Type Division 1 Division 2 Total 合计
Commodity type
Including：
By operating area
Including：
Market or customer
type
160
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
Including：
Constrict type
Including：
By the time of
commodity transfer
Including：
by contract term
Including：
By sales channel
Including：
Total
Information related to performance obligations
According to the contract, the company delivers the goods to the agreed place or the third-party logistics company.
Each month, the customer issues a notice of account according to the actual consumption of the production. The
sales clerk issues an invoice according to the customer's notice of account, combined with the customer's
consumption, contract unit price, notice of account, etc. As the time point of control transfer, the sales revenue is
recognized. The credit period given by the company to customers is determined according to the credit risk of
customers, and there is no significant financing component.
Information related to the transaction price apportioned to the residual performance obligation:
The amount of revenue corresponding to performance obligations of contracts signed but not performed or not
fully performed yet was 756,710.96 Yuan at the period-end, among which RMB756,710.96Yuan was expected to be
recognized in 2022.
Other note：
5. Investment income
In RMB
Items Occurred current term Occurred in previous term
Long-term equity investment
income calculated by equity 4,372,958.10 767,993.22
method
Total 4,372,958.10 767,993.22
6.Other
XVIII. Supplementary Information
1. Details of non-recurring gain/loss of the term
√ Applicable □ Not applicable
In RMB
Items Amount Notes
Non-current asset disposal 39,860,952.30
161
Chongqing Jianshe Vehicle System Co., Ltd. The Semi-Annual Report 2022
gain/loss
Government subsidy recognized in
current gain and loss(excluding
those closely related to the 1,201,869.22
Company’s business and granted
under the state’s policies)
Reversal of the impairment
provision for receivables subject to 389,692.61
separate impairment test
Other non-business income and
133,093.83
expenditures other than the above
Total 41,585,607.96 --
Details of other profit and loss items that meet the non-recurring profit and loss definition
□ Applicable√ Not applicable
None
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
Earnings per share
Net income on asset,
Profit of the report period Diluted earnings per
weighted Basic earnings per share
share
Net profit attributable to
common shareholders of 13.30% 0.1123 0.1123
the Company
Net profit attributable to
the common owners of
the PLC after deducting -27.96% -0.2361 -0.2361
of non-recurring
gains/losses
3. Differences between accounting data under domestic and overseas accounting standards
（1）．Simultaneously pursuant to both Chinese accounting standards and international accounting standards
disclosed in the financial reports of differences in net income and net assets.
□ Applicable□√ Not applicable
（2）. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese
accounting standards.
□ Applicable□√ Not applicable
(3) .Explanation of the reasons for the differences in accounting data under domestic and foreign accounting stand
ards. If the data that has been audited by an overseas audit institution is adjusted for differences, the name of the o
verseas institution should be indicated
4.Other
162
