Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
Stock code: 200054 Stock Abbreviation: Jianshe Vehicle B Announcement No.: 2023-034
Chongqing Jianshe Vehicle System Co., Ltd.
The First Quarterly Report 2023
The Company and its directors hereby guarantee that the content of information disclosure is real,
accurate, complete and free from any false record, misleading representation or material omissions.
Important notes
1.The Board of Directors and the Supervisory Committee of the Company and its directors, supervisors and
senior executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any
fictitious statements, misleading statements or important omissions carried in this report, and shall take legal
responsibilities, individual and or joint.
2. Person in charge of the Company, Person in charge of accounting and person in charge of accounting organ
(accounting officer) hereby confirm that the financial information of this Quarterly Report is authentic, accurate
and complete.
3. The first quarterly report audited or not
□Yes √No
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
I. Main financial data
(i) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes √ No
Changes of this
period over same
This period Same period of last year period of last year
（％）
Operating revenue（Yuan） 95,871,501.13 122,064,712.94 -21.46%
Net profit attributable to the shareholders of the
-26,718,192.49 23,445,211.84 -213.96%
listed company（Yuan）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -27,582,654.93 -15,884,430.93 -73.65%
listed company（Yuan）
Net cash generated from /used in operating
-16,520,111.28 22,875,680.64 -172.22%
activities（Yuan）
Basic earning per share(Yuan/Share) -0.2238 0.1964 -213.95%
Diluted gains per share(Yuan/Share) -0.2238 0.1964 -213.95%
Weighted average return on equity（%） -27.27% 14.54% -41.81%
Changes of this
period-end over
End of this period End of last period
same period-end of
last year(%)
Total assets（Yuan） 857,207,998.47 896,911,589.17 -4.43%
Net assets attributable to the shareholders of
the listed company（Yuan） 84,865,079.34 111,091,284.88 -23.61%
(ii)Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Items Current amount Note
Government subsidies recognized in current gain and loss(excluding those
closely related to the Company’s business and granted under the state’s 785,385.63
policies)
Other non-business income and expenditures other than the above 79,076.81
Total 864,462.44
Details of other gains/losses items that meets the definition of non-recurring gains/losses:
□ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.
Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
□ Applicable √ Not applicable
There are no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public -
-- Extraordinary Profit/loss.
(iii)Particulars about material changes in items of main accounting statement and financial index and
explanations of reasons
√ Applicable □Not applicable
During the reporting period, the Company's net profit decreased by RMB 50.16 million compared with the
same period of last year. The year-on-year decrease in net profit was mainly due to the year-on-year decrease in
income and profit due to the decline in sales of automobile air-conditioning compressors in the first quarter of
the Company, and the disposal income of 106 factory buildings in the same period of last year.
II. Shareholders Information
(i) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
In Shares
Total number of common Total preference shareholders with the voting power
6,991 0
shareholders at the period-end recovered at the end of the reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Share
Properties of tradable shares
Shareholder name proportion Quantity Status of the Quanti
shareholder with Conditional
% shares ty
held
China Military
State-owned
Equipment Group Co., 71.13% 84,906,250.00 84,906,250.00
legal person
Ltd.
Domestic
Gu Zuocheng 1.89% 2,261,000.00 2,218,750.00
natural person
Domestic
Anhui Hengsheng
non-state-
Investment Development 1.47% 1,750,000.00 1,750,000.00
owned legal
Co., Ltd.
person
Domestic
Xu Yuanhui 0.84% 999,999.00 0.00
natural person
Domestic
Liu Dan 0.74% 880,376.00 0.00
natural person
Domestic
Chen Xinqiang 0.51% 612,400.00 0.00
natural person
CORE PACIFIC-
YAMAICHI Overseas
0.51% 605,650.00 0.00
INTERNATIONAL Legal person
(H.K.) LIMITED
Domestic
Zhang Meilan 0.43% 513,560.00 0.00
natural person
Domestic
Feng Yonghui 0.42% 500,000.00 500,000.00
natural person
Domestic
Li Jianping 0.36% 427,101.00 0.00
natural person
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
Shares held by the Top 10 Shareholders of Non-restricted shares
Share type
Shareholders’ Names Number of the non-restricted shares held
Share type Quantity
Foreign shares placed in
Xu Yuanhui 999,999.00 999,999.00
domestic exchange
Foreign shares placed in
Liu Dan 880,376.00 880,376.00
domestic exchange
Foreign shares placed in
Chen Xinqiang 612,400.00 612,400.00
domestic exchange
CORE PACIFIC-YAMAICHI
Foreign shares placed in
INTERNATIONAL 605,650.00 605,650.00
domestic exchange
(H.K.) LIMITED
Foreign shares placed in
Zhang Meilan 513,560.00 513,560.00
domestic exchange
Foreign shares placed in
Li Jianping 427,101.00 427,101.00
domestic exchange
Foreign shares placed in
Chen Houping 423,800.00 423,800.00
domestic exchange
Foreign shares placed in
Lv Gang 418,099.00 domestic exchange 418,099.00
Foreign shares placed in
Zhang Long 351,577.00 domestic exchange 351,577.00
Foreign shares placed in
Liu Guosheng 345,575.00 domestic exchange 345,575.00
There isn’t any associated relationship between the sponsoring
shareholder and the other shareholders among the top-10 list. None of
Explanation on associated relationship among the them are regarded as ‘Acting in concert’ in accordance with ‘The rules of
aforesaid shareholders information disclosure on change of shareholding.’ Foreign shareholders
are unknown for their condition of ‘Associated relationship’ and ‘Acting
in concert’.
Participation of top 10 unconditional common share
Not applicable
shareholders in securities margin trading (if any)
(ii)Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end
of the report period
□ Applicable √Not applicable
III. Other important matters
□ Applicable √Not applicable
IV. Quarterly financial statements
（i）Financial statement
1. Consolidated balance sheet
Prepared by: Chongqing Jianshe Vehicle System Co., Ltd.
March 31, 2022
In RMB
Items Ending balance Opening balance
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
Current asset：
Monetary fund 105,246,943.05 179,954,522.99
Settlement provision
Outgoing call loan
Transactional financial assets
Derivative financial assets
Notes receivable 31,779,180.21 17,548,591.75
Account receivable 128,665,202.91 113,710,214.72
Financing receivable
Prepayments 6,814,802.70 4,024,366.02
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 3,851,568.67 1,720,044.17
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 135,340,930.34 131,860,572.93
Contract assets
Assets held for sales
Non-current asset due within 1 year
Other current asset 1,794,110.03 1,468,399.16
Total of current assets 413,492,737.91 450,286,711.74
Non-current assets：
Loans and payment on other’s behalf
disbursed
Creditor's Investment
Other Creditor's Investment
Long-term receivable
Long term share equity investment 211,032,122.38 210,112,321.04
Other equity instruments investment
Other non-current financial assets
Property investment
Fixed assets 200,645,292.33 202,039,143.80
Construction in progress 1,163,441.28 989,429.96
Production physical assets
Oil & gas assets
Use right assets
Intangible assets 11,356,721.42 11,801,504.95
Development expenses
Goodwill
Long-germ expenses to be amortized 58,606.12 70,280.65
Deferred income tax asset 5,752,057.03 5,752,057.03
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
Other non-current asset 13,707,020.00 15,860,120.00
Total of non-current assets 443,715,260.56 446,624,857.43
Total of assets 857,207,998.47 896,911,569.17
Current liabilities
Short-term loans 511,393,500.00 546,603,500.00
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 49,228,705.89 30,379,988.94
Account payable 175,215,446.90 171,190,476.10
Advance receipts 3,977,755.15 3,888,562.01
Contract liabilities
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 6,426,230.93 8,529,392.78
Tax payable 16,582,823.68 16,649,704.07
Other account payable 8,594,232.60 7,566,872.62
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
Total of current liability 771,418,695.15 784,808,496.52
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Lease liability
Long-term payable
Long-term remuneration payable to staff
Expected liabilities
Deferred income
Deferred income tax liability 924,223.98 1,011,787.97
Other non-current liabilities
Total non-current liabilities 924,223.98 1,011,787.97
Total of liability 772,342,919.13 785,820,284.49
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
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 3,726,656.18 3,234,669.03
Surplus reserves 125,686,000.00 125,686,000.00
Common risk provision
Retained profit -1,122,497,671.13 -1,095,779,478.64
Total of owner’s equity belong to the
84,865,079.34 111,091,284.68
parent company
Minority shareholders’ equity
Total of owners’ equity 84,865,079.34 111,091,284.68
Total of liabilities and owners’ equity 857,207,998.47 896,911,569.17
Legal Representative: Yan Xuechuan
Person in charge of accounting：Tan Mingxian
Accounting Dept Leader: Niu Yanli
2.Consolidated Income Statement
In RMB
Items Current period Last period
I. Income from the key business 95,871,501.13 122,064,712.94
Incl：Business income 95,871,501.13 122,064,712.94
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 124,461,521.39 140,569,857.35
Incl：Business cost 93,419,911.90 110,384,138.91
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 1,767,326.80 1,428,266.99
Sales expense 2,500,068.35 3,116,556.51
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
Administrative expense 13,501,291.53 13,721,291.42
R & D costs 8,361,041.19 6,881,754.16
Financial expenses 4,911,881.62 5,037,849.36
Including：Interest expense
Interest income
Add: Other income 785,385.63 20,572.91
Investment gain（“-”for loss） 919,801.34 2,533,149.49
Incl: investment gains from affiliates 919,801.34 2,533,149.49
Financial assets measured at amortized cost cease to be recognized
as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value
Credit impairment loss 289,692.60
Impairment loss of assets
Assets disposal income 39,019,832.47
III. Operational profit（“-”for loss） -26,884,833.29 23,358,103.06
Add ：Non-operational income 79,086.60 2,050.00
Less: Non-operating expense 9.79 2,505.21
IV. Total profit(“-”for loss) -26,805,756.48 23,357,647.85
Less：Income tax expenses -87,563.99 -87,563.99
V. Net profit -26,718,192.49 23,445,211.84
(I) Classification by business continuity
1.Net continuing operating profit
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of parent company -26,718,192.49 23,445,211.84
2.Minority shareholders’ equity
VI. Net after-tax of other comprehensive income
Net of profit of other comprehensive income attributable 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 in net debt or net
assets
2.Other comprehensive income under the equity method investee c
an not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
instruments
4. Changes in the fair value of the company’s credit risks
5.Other
（II）
Other comprehensive income that will be reclassified into profit or
loss.
1.Other comprehensive income under the equity method investee c
an be reclassified into profit or loss.
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
2. Changes in the fair value of investments in other debt
obligations
3. Other comprehensive income arising from the reclassification of
financial assets
4.Allowance for credit impairments in investments in other debt
obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statements
7.Other
Net of profit of other comprehensive income attributable to Minori
ty shareholders’ equity
VII. Total comprehensive income -26,718,192.49 23,445,211.84
Total comprehensive income attributable to the owner of the parent
-26,718,192.49 23,445,211.84
company
Total comprehensive income attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.2238 0.1964
(II)Diluted earnings per share -0.2238 0.1964
Legal Representative: Yan Xuechuan
Person in charge of accounting：Tan Mingxian
Accounting Dept Leader: Niu Yanli
3. Consolidated Cash flow statement
In RMB
Items Current period Last period
I. Cash flows from operating activities
Cash received from sales of goods or rending of services 66,284,849.64 131,626,562.37
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 5,045,862.06 3,054,521.70
Other cash received from business operation 4,117,894.49 6,211,464.32
Sub-total of cash inflow 75,448,606.19 140,892,548.39
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
Cash paid for purchasing of merchandise and services 53,951,332.54 73,126,645.58
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Net increase for Outgoing call loan
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 31,674,449.20 28,769,841.66
Taxes paid 1,994,486.47 8,629,464.10
Other cash paid for business activities 4,348,449.26 7,490,916.41
Sub-total of cash outflow from business activities 91,968,717.47 118,016,867.75
Net cash generated from /used in operating activities -16,520,111.28 22,875,680.64
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
152,832,356.44
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received
Sub-total of cash inflow due to investment activities 152,832,356.44
Cash paid for construction of fixed assets, intangible assets and
3,510,553.68 9,674,110.80
other long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 3,510,553.68 9,674,110.80
Net cash flow generated by investment -3,510,553.68 143,158,245.64
III.Cash flow generated by financing
Cash received as investment
Including: Cash received as investment from minor shareholders
Cash received as loans 156,603,500.00 77,470,000.00
Other financing –related cash received 17,155,373.08
Sub-total of cash inflow from financing activities 156,603,500.00 94,625,373.08
Cash to repay debts 191,813,500.00 124,133,093.75
Cash paid as dividend, profit, or interests 5,446,210.62 5,069,054.23
Including: Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 43,520,704.36 70,813,511.48
Sub-total of cash outflow due to financing activities 240,780,414.98 200,015,659.46
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Chongqing Jianshe Vehicle System Co., Ltd The First Quarterly Report 2023
Net cash flow generated by financing -84,176,914.98 -105,390,286.38
IV. Influence of exchange rate alternation on cash and cash
equivalents
V.Net increase of cash and cash equivalents -104,207,579.94 60,643,639.90
Add: balance of cash and cash equivalents at the beginning of
term 179,954,522.99 23,738,523.19
VI ..Balance of cash and cash equivalents at the end of term 75,746,943.05 84,382,163.09
(ii) Auditors 'Report
Is the First Quarterly Report be audited?
□ Yes √No
The First Quarterly report is not audited.
The Board of Directors of Chongqing Jianshe Vehicle System Co., Ltd.
April 27, 2023
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