Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text) Chongqing Jianshe Motorcycle Co., Ltd.
The FirstQuarterly Report 2016
2016-044
April 2016
Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text) 1 Important notes
The Board ofDirectors，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 Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Quarterly Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Li Huaguang, The Company Leader, Mr.Xue Gangyi , Chief financial officer and the Ms.Niu Yanli, the person in charge of the accounting department (the person in charge of the accounting )hereby confirm the authenticity and completeness of the financial report enclosed in the report.
Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text) II. Main financial data and changes of shareholders
I.Main financial data and financial index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting error correction or not.
□ Yes√ No
|||||
|-|-|-|-|
||||Changes of this period over|
||This period|Same period of last year|same period of last year|
||||（％）|
|Operating income（RMB）|208,588,488.00|355,351,388.28|-41.30%|
|Net profit attributable to the shareholders|4,399,465.71|-16,904,008.56||
||||-126.03%|
|of the listed company（RMB）||||
|Net profit after deducting of non-recurring||||
|gain/loss attributable to the shareholders of|4,348,808.64|-17,459,103.30|-124.91%|
|listed company（RMB）||||
|Cash flow generated by business operation,|24,195,604.08|5,981,111.44||
||||304.53%|
|net（RMB）||||
|Basic earning per share(RMB/Share)|0.0369|-0.1416|-126.03%|
|Diluted gains per|0.0369|-0.1416||
||||-126.03%|
|share(RMB/Share)(RMB/Share)||||
|Weighted average return on equity||||
||1.70%|-190.59%|192.29%|
|（%）||||
||||Changes of this period-end|
||End of this period|End of last period|over same period-end of last|
||||year(%)|
|Gross assets（RMB）|1,364,672,524.54|1,311,765,831.44|4.03%|
|Net assets attributable to the shareholders|260,515,551.23|256,116,085.51||
||||1.72%|
|of the listed company（RMB）||||

Items and amount of non-current gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Amount (Year-beginning to||
|Items||Notes|
||the end of the report period.)||
|Govemment subsidy recognized in currentgain and loss(excluding|||
||71,000.00||
|those closely related to the Company’s business and granted|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|under the state’s policies)|||
|Other non-business income and expenditures other than the above|-20,342.93||
|Total|50,657.07|--|

For theCompany’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
□Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information disclosure explanatory Announcement No.1- Non–recurring gain/loss in the report period.
Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text) II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the Shares Held by Top Ten Common Shareholders
In shares
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||||Total preference shareholders||||||
|Total number of common||||with the voting power||||||
|||8,475||||0||||
|shareholders at the period-end||||recovered at the end of the||||||
|||||reporting period(if any)||||||
|Shares held by the top 10 shareholders||||||||||
||||Shareproportion %||Amount of tradable||Pledging or freezing|||
||Properties of|||||||||
|Shareholder name||||Quantity|shares with||Status of the|||
||shareholder||||||||Quantity|
||||||Conditional held||shares|||
|China Military EquipmentGroup Co., Ltd.|State-owned legalperson||71.13%|84,906,250|84,906,250|||||
|Gu Zuocheng|Domestic natural person||1.86%|2,218,750|2,218,750|||||
|Anhui HengshengEconomic DevelopmentGroup Co., Ltd.|Domesticnon-state-owned legalperson||1.47%|1,750,000|1,750,000|||||
|Feng Yonghui|Domestic natural person||0.42%|500,000|500,000|||||
|Liu Dan|Domestic natural person||1.05%|1,249,401|0|||||
|Chen Xinqiang|Domestic natural person||0.52%|625,000|0|||||
|Xu Yuanhui|Domestic natural person||0.50%|600,989|0|||||
|Xie Qingjun|Domestic natural person||0.44%|527,850|0|||||
|Zhang Meilan|Domestic natural person||0.43%|513,560|0|||||
|CREDIT SUISSE (HONGKONG) LIMITED|Overseas legal person||0.39%|467,960|0|||||
|Shares held by the Top 10 Shareholders of Non-restricted shares||||||||||
|||Number of the non-restricted||Share type||||||
|Shareholders’ Names||||||||||
|||shares held||Share type||||Quantity||
|Liu Dan||1,249,401||Foreign shares placed in domesticexchange||||||
|||||||||1,249,401||
|Chen Xinqiang||625,000||Foreign shares placed in domesticexchange||||||
|||||||||625,000||
|Xu Yuanhui||600,989||Foreign shares placed in domesticexchange||||||
|||||||||600,989||
|Xie Qingjun||527,850||Foreign shares placed in domestic||||527,850||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
|||||
|-|-|-|-|
|||exchange||
|Zhang Meilan|513,560|Foreign shares placed in domestic||
||||513,560|
|||exchange||
|CREDIT SUISSE (HONG KONG)LIMITED|467,960|Foreign shares placed in domestic||
||||467,960|
|||exchange||
|Feng Yongxia|398,575|Foreign shares placed in domestic||
||||398,575|
|||exchange||
|Yu Lingfeng|350,525|Foreign shares placed in domestic||
||||350,525|
|||exchange||
|Wang Xianfeng|343,420|Foreign shares placed in domestic||
||||343,420|
|||exchange||
|Zhang Huaian|330,000|Foreign shares placed in domestic||
||||330,000|
|||exchange||
||There isn‘t any associated relationship between the sponsoring shareholder and the other|||
|Explanation on associated|shareholders among the top-10 list. None of them are regarded as ‗Acting in concert‘ in|||
|relationship among the aforesaid|accordance with ‗The rules of information disclosure on change of shareholding.‘ Foreign|||
|shareholders|shareholders are unknown for their condition of ‗Associated relationship‘ and ‗Acting in|||
||concert‘.|||

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period.
□ Yes√ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy–back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the report period
□ Applicable√Not applicable
Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text) III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
√ Applicable□ Not applicable
The reporting period, compared with the beginning of prepayments increase of 8.93 million yuan, an increase of96%, mainly due to the air-conditioning company purchased the imported parts and equipment led to increased prepayments; main income statement indicators fell major asset reorganization, the current consolidation scope changes (last year including motorcycles business).
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
√ Applicable□ Not applicable
For the progress situation and explanation of financialinstitute’s debt transfer involved with the significant asset reorganization implemented by the Company in 2015, please refer to the ponit 9 of this report
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer, directors, supervisors, senior executives or other related parties in the reporting period and commitments unfinished in implementation at the end of the reporting period
√ Applicable□ Not applicable
||||||||
|-|-|-|-|-|-|-|
|||||Time of|||
||Commitment||||Period of|Fulfillme|
|Commitment||Type|Contents|making|||
||maker||||commitment|nt|
|||||commitment|||
|Commitment on share|||||||
|reform|||||||
|Commitment in the|||||||
|acquisition report or the|||||||
|report on equity changes|||||||
||||The reason why listed||||
||||||After the||
||||companies offer external||||
||||||guarantee||
|||Commitments|guarantee is that the||||
||||||period||
||Jianshe|on horizontal|conditioning company,as the||||
||||||stipulated in||
|Commitment made|Mechanical and|competition,|subsidiary corporation of||||
|||||October 20,|the contract||
|upon the assets|Electrical ,|related|Jianshe stock , provided credit||||
|||||2015|expires, the||
|replacement|Air-conditioner|transaction|guarantee 186 million yuan||||
||||||above||
||Co|and capital|for its parent company’ bank||||
||||||financing||
|||occupation|loan. And as the relevant||||
||||||assurance will||
||||liabilities of Jianshe stock’s||||
||||||be lifted||
||||motorbike business has been||||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||
|-|
|transferred into Jianshe|
|Mechanical and Electrical,|
|corresponding secured party|
|should be Jianshe Mechanical|
|and|
|Electrical .Moreover,Jianshe|
|Stock provided credit|
|guarantee 30 million yuan for|
|the wholly-owned subsidiary,|
|the sales company, after this|
|transaction, Jianshe|
|Mechanical and Electrical ,|
|whose’ sales company is|
|subsidiary corporation of|
|Construction and Mechanical|
|and Electrical company, will|
|be wholly-owned subsidiaries|
|under Military Equipment|
|Group|
|control.Above-mentioned the|
|guarantees formed the|
|external guarantees of the|
|conditioning company, which|
|has gained the permission|
|from the company’s general|
|meeting of stockholders.|
|Jianshe stock and the|
|conditioning company has|
|made promise respectively on|
|October 20, 2015,after|
|guarantee expires in the|
|guarantee period, above|
|financing guarantee will be|
|lifted . For the Jianshe stock’s|
|guarantee for the sales|
|company, Mechanical and|
|Electrical has promised that|
|it will ensure the debtor to|
|repay its creditors to protect|
|listed company’s legal|
|interests, and if there are any|
|loss for the listed|
|company,Jianshed Mechanical|
|and Electrical company will|

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|||give first dollar coverage for|
|||Jianshe stock. And Jianshe|
|||Mechanical and Electrical|
|||has presented Commitment to|
|||provide counter guarantee|
|||after the reorganization about|
|||above related-party|
|||guarantee.1, after the sales of|
|||substantial assets and the|
|||relevant matters of|
|||related-party guarantee|
|||provided by Jianshe stock,|
|||which has been approved by|
|||general meeting of|
|||stockholders of Jianshe stock|
|||the company will provide the|
|||equal counter guarantee for|
|||Jianshe stock 2.If the|
|||company violates the above|
|||pledge and caused any|
|||damages or negative effects|
|||for Jianshe stock,the|
|||Company will assume full|
|||financial responsibility and|
|||liability.|
|Equity incentive|||
|commitment|||
|Other commitments|||
|made to minority|||
|shareholders|||
|Executed timely or not?|||
|If the commitments failed to complete the execution|||
|when expired, should specifically explain the reasons|Yes||
|of unfulfillment and the net stage of the working plan|||

IV. Anticipation of Business Performance from January to June, 2016
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or comparing with the same period of last year, and statement of causations.
□ Applicable√Not applicable
Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text) V Securities investments
□ Applicable√ Not applicable
No such cases in the Reporting Period
VI. Investment in derivatives
□ Applicable√Not applicable
No such cases in the Reporting Period
VII. Reception of investigations, communications, or interviews
√ Applicable□ Not applicable
|||||
|-|-|-|-|
||Way of|Types of||
|Reception time|||Basic index|
||reception|visitors||
||||Q: When will the Company issue the earnings pre-announcement?|
|January 12,2016|By phone||A: The earnings pre-announcement of 2015 will be completed by the end of this|
||||month.|
||||Q:Has the implementation of the Company’s significant asset reorganization|
||||completed?|
||||A:Up to now, the Company has completed the changes procedure in registration of|
|January 29,2016|By phone|Individual||
||||Jianshe Mechanical and Electrical and has received the deal payment from Military|
||||Equipment Group. The asset transfer and the transfer of creditor’s rights and liability|
||||related with this reorganization are being orderly promoted.|
||||Q: What’s the progress of CRSC’s application for exempting the tender offer|
||||obligation of Jianshe Mechanical and Electrical?|
||||A: On January 26, 2016, Jianshe Mechanical and Electrical received “Reply on|
|February 1,2016|By phone|Individual||
||||Approving Exempting Chongqing Jianshe Mechanical and Electrical Co., Ltd.’s|
||||tender offer obligation of Chongqing Jianshe Motorcycle Co., Ltd.”from CSRC, see|
||||details at the announcement published by the Company on January 29, 2016.|
||||Q: At this sales of significant asset, all motorcycle capital was offered for sales, but|
||||why Shangjian Jianshe was kept?|
|February 16,2016|By phone|Individual|A:At present, Shanghai Jianshe has engaged in the production and sales of moped,|
||||moreover, the Company has a plan of disposing the holding share rights of Shanghai|
||||Jianshe, thus which has not been included in the reorganization scope.|

VIII. External guarantee get out of line
□ Applicable√Not applicable
The Company has no external guarantee get out of the line in the Period
Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text) IX. Controlling shareholder and its related parties occupying non-business capital of the listed company√ Applicable□ Not applicable
InRMB’0000
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||||||The total|||||
|||||The newly|amount of|||||
|Shareholder|||Amount at|||Amount at|Expected|Expected|Expected|
||Time|||increased|reimbursem|||||
|sorassociate||Reasons|the|||the end of|repayment|amountof|payback|
||occupied|||occupancy|ent in the|||||
|sname|||beginning|||period|method|payment|time(month)|
|||||amount|reimbursem|||||
||||||ent|||||
|Import andExport Co.|December31,2015|Businessandfinancialdealings|62.17|0|62.17|||||
||||||||||Repaid on|
||||||||Cash|||
|||||||||3,461.67|March 31,|
||||||||Settlement|||
||||||||||2016|
|JiansheMechanicalandElectrical|December31,2015|Financialdealings|3,461.67|0||3,461.67||||
||||||||||Repaid on|
||||||||Cash|||
||||||||||April 26,|
||||||||Settlement|||
||||||||||2016|
|JIANSHEmechanicalandElectrical|December31,2015|Financialdebtrestructuring process isnot yetcompletedtheproceduresfortransferringformed|21,399.2|0|0|21,399.2||||
||||||||||December|
||||||||Other|3,461.67||
||||||||||31,2016|
|Total|||24,923.04|0|62.17|24,860.87|--|3,461.67|--|
|The end of the latest issue of the total||||||||||
|value of accounts audited net assets|||97.31%|||||||
|ratio||||||||||
|Relevant decision-making procedures|||截止2016年4月26日已全部偿还完。|||||||
||||公司重大资产重组工作经2015年11月17日公司2015年第一次临时股东大会审议通|||||||
|Add the current major shareholder and|||过后实施。本次资产重组将公司摩托车业务涉及的主要资产和债务剥离至建设机电并|||||||
|its affiliated non-operating capital|||将其转让给兵装集团，其中应转移的金融机构债务总计为80,750万元。因本次资产重|||||||
|occupation reasons, the case be held|||组工作涉及的资产及债务转移工作体量较大，时间较紧。且部分金融机构的审批流程|||||||
|responsible and the Board has|||长，截至2016年4月30日，已完成金融机构债务转移共计59,350万元。尚有21,400|||||||
|developed a description of measures|||万元的金融机构债务转移正在办理过程中。一、对未转移金融机构债务的风险说明经|||||||
|taken.|||立信会计师事务所审计，截至 2016 年 4 月 30 日，公司未转移的金融机构债务共计|||||||
||||21,400万元，暂作了其他应收款的账务处理。根据公司与建设机电签署的《资产负债|||||||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
|||
|-|-|
||注入安排协议》（详见2015年11月11日披露于巨潮咨询的关于公司重大资产重组的|
||相关公告）约定：双方最晚不得迟于2016年12月31日完成资产及债务的转移手续，|
||且因上述债务均为未到期债务，公司无需偿付且金融机构也未追缴，并未形成资金流，|
||也不存在公司代建设机电偿还债务的情形，此账务的处理不构成建设机电对公司的实|
||质性的非经营性资金占用。为此，公司董事会认为，尚未完成转移的金融机构债务仅|
||是公司的暂时的账务处理，不会对公司形成债务风险。二、金融机构债务转移的后续|
||措施自重组实施以来，公司与建设机电一直遵循《资产负债注入安排协议》的约定有|
||序推进相关的资产过户及债务转移工作。将于2016年12月31日到期前完成相关资|
||产债务的转移工作。在此期间，若遇债权人要求公司清偿的，应由建设机电直接向债|
||权人清偿或者由建设机电通过公司向债权人清偿。若必须由公司履行的，建设机电应|
||承担公司因履行债务遭受的全部损失。到期后仍未完成上述债务转移，建设机电将对|
||未转移且已到期的债务额度向公司支付该笔款项。|
|Failed to explain measures planned||
|liquidation of non-operating capital||
|occupation reasons, conditions and|Not applicable|
|accountability of the Board of||
|Directors proposed action||
|Disclosure date for specific approval||
||April 30,2016|
|opinion on fund occupation from CPA||
||Refer to www.cninfo.com.cn on April 30, 2016, Announcement No. 2016-041 ,Chongqing|
|Disclosure index for specific approval||
||Jianshe Motorcycle Co., Ltd. the Statement of Special Auditing on Capital Appropriation by|
|opinion on fund occupation from CPA||
||Holding Shareholder or Related Parties|

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text) IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Preparedby：Chongqing Jianshe Motorcycle Co., Ltd.
March 31,2016
In RMB
||||
|-|-|-|
|Items|At the end of term|Beginning of term|
|Current asset：|||
|Monetary fund|286,314,530.16|259,802,758.76|
|Settlement provision|||
|Outgoing call loan|||
|Financial assets measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial assets|||
|Bill receivable|55,196,705.98|47,008,704.63|
|Account receivable|205,234,197.13|217,759,208.43|
|Prepayments|18,243,391.94|9,309,626.86|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts|||
|receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other account receivable|59,948,205.53|61,817,644.42|
|Repurchasing of financial assets|||
|Inventories|172,439,174.95|146,350,934.34|
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|4,248,406.72|5,430,548.06|
|Total of current assets|801,624,612.41|747,479,425.50|
|Non-current assets：|||
|Loans and payment on other’s behalf|||
|disbursed|||
|Disposable financial asset|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|80,574,733.87|83,381,316.13|
|Property investment|||
|Fixed assets|388,734,618.26|395,975,005.27|
|Construction in progress|49,790,123.19|40,435,429.90|
|Engineering material|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|28,087,801.60|28,270,393.63|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|3,562,466.05|3,926,091.85|
|Deferred income tax asset|1,819,643.46|1,819,643.46|
|Other non-current asset|10,478,525.70|10,478,525.70|
|Total of non-current assets|563,047,912.13|564,286,405.94|
|Total of assets|1,364,672,524.54|1,311,765,831.44|
|Current liabilities|||
|Short-term loans|265,000,000.00|245,000,000.00|
|Loan from Central Bank|||
|Deposit received and hold for others|||
|Call loan received|||
|Financial liabilities measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial liabilities|||
|Bill payable|634,280,000.00|607,705,000.00|
|Account payable|77,177,232.30|75,885,325.83|
|Advance payment|3,955,287.58|1,401,319.97|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|2,751,164.94|1,654,497.94|
|Tax payable|17,632,694.26|16,857,642.89|
|Interest payable|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|Dividend payable|||
|Other account payable|15,028,150.79|16,874,326.53|
|Reinsurance fee payable|||
|Insurance contract provision|||
|Entrusted trading of securities|||
|Entrusted selling of securities|||
|Liabilities held for sales|||
|Non-current liability due in 1 year|15,500,000.00|8,000,000.00|
|Other current liability|||
|Total of current liability|1,031,324,529.87|973,378,113.16|
|Non-current liabilities：|||
|Long-term loan|71,990,000.00|81,490,000.00|
|Bond payable|||
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Long-term payable employees’s|||
|remuneration|||
|Special payable|||
|Expected liabilities|||
|Deferred income|||
|Deferred income tax liability|||
|Other non-current liabilities|||
|Total non-current liabilities|71,990,000.00|81,490,000.00|
||1,103,314,529.87|1,054,868,113.16|
|Total of liability|||
|Owners’ equity|||
||119,375,000.00|119,375,000.00|
|Share capital|||
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|958,575,094.29|958,575,094.29|
|Less：Shares in stock|||
|Other comprehensive income|||
|Special reserves|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|Surplus reserves|125,686,000.00|125,686,000.00|
|Common risk provision|||
||-943,120,543.06|-947,520,008.78|
|Undistributed profit|||
|Total of owner’s equity belong to the|||
||260,515,551.23|256,116,085.51|
|parent company|||
|Minority shareholders’ equity|842,443.44|781,632.77|
|Total of owners’ equity|261,357,994.67|256,897,718.28|
|Total of liabilities and owners’ equity|1,364,672,524.54|1,311,765,831.44|

 Legal Representative: Li Huaguang Person in charge ofaccounting：Xue Gangyi Accounting Dept Leader:Niu Yanli
2.Parent Company Balance Sheet
In RMB
||||
|-|-|-|
|Items|At the end of term|Beginning of term|
|Current asset：|||
|Monetary fund|54,219,842.44|4,487,832.30|
|Financial assets measured at fair value|||
|with variations accounted into current|||
|income account|||
|Derivative financial assets|||
|Bill receivable|460,000.00|2,000,000.00|
|Account receivable|514,369.84|527,570.36|
|Prepayments|||
|Interest receivable|||
|Dividend receivable|||
|Other account receivable|56,054,972.38|57,613,619.11|
|Inventories|||
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset|||
|Total of current assets|111,249,184.66|64,629,021.77|
|Non-current assets：|||
|Disposable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|Long term share equity investment|248,734,733.87|251,541,316.13|
|Property investment|||
|Fixed assets|180,343,047.22|183,278,272.00|
|Construction in progress|||
|Engineering material|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|16,157,254.24|16,261,765.57|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|||
|Deferred income tax asset|||
|Other non-current asset|||
|Total of non-current assets|445,235,035.33|451,081,353.70|
|Total of assets|556,484,219.99|515,710,375.47|
|Current liabilities|||
|Short-term loans|53,000,000.00|53,000,000.00|
|Financial liabilities measured at fair|||
|value with variations accounted into|||
|current income account|||
|Derivative financial liabilities|||
|Bill payable|||
|Account payable|32,770,747.87|42,646,214.18|
|Advance payment|730,815.52|220,124.53|
|Employees’ wage payable|14,724.06|58,886.32|
|Tax payable|16,098,653.60|15,268,307.65|
|Interest payable|||
|Dividend payable|||
|Other account payable|257,686,940.44|216,034,017.49|
|Classified as held for sale debt|||
|Non-current liability due in 1 year|||
|Other current liability|||
|Total of current liability|360,301,881.49|327,227,550.17|
|Non-current liabilities：|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|Long-term loan|||
|Bond payable|||
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Long-term payable to employees|||
|Special payable|||
|Expected liabilities|||
|Deferred income|||
|Deferred income tax liability|||
|Other non-current liabilities|||
|Total of Non-current liabilities|||
|Total of liability|360,301,881.49|327,227,550.17|
|Owners’ equity|||
|Share capital|119,375,000.00|119,375,000.00|
|Other equity instrument|||
|Including：preferred stock|||
|Sustainable debt|||
|Capital reserves|958,575,094.29|958,575,094.29|
|Less：Shares in stock|||
|Other comprehensive income|||
|Special reserves|||
|Surplus reserves|125,686,000.00|125,686,000.00|
|Undistributed profit|-1,007,453,755.79|-1,015,153,268.99|
|Total of owners’ equity|196,182,338.50|188,482,825.30|
|Total of liabilities and owners’ equity|556,484,219.99|515,710,375.47|

 3.Consolidated Income statement
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Income from the key business|208,588,488.00|355,351,388.28|
|Incl：Business income|208,588,488.00|355,351,388.28|
|Interest income|||
|Insurance fee earned|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|Fee and commission received|||
|II. Total business cost|204,659,249.66|381,384,387.54|
|Incl：Business cost|170,745,766.66|306,007,074.58|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Insurance policy dividend paid|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|356,476.19|234,498.00|
|Sales expense|6,585,036.39|22,440,371.24|
|Administrative expense|18,561,087.00|33,036,758.48|
|Financial expenses|8,430,883.42|19,665,685.24|
|Asset impairment loss|-20,000.00||
|Add：Gains from change of fir value|||
|（“-”for loss）|||
|Investment gain（“-”for loss）|593,417.74|8,723,838.36|
|Incl: investment gains from affiliates|593,417.74|8,723,838.36|
|Gains from currency exchange（“-”for|||
|loss）|||
|III. Operational profit（“-”for loss）|4,522,656.08|-17,309,160.90|
|Add ：Non-operational income|77,576.56|632,644.74|
|Including：Income from disposal of|||
|non-current assets|||
|Less：Non business expenses|26,919.49|77,550.00|
|Incl：Loss from disposal of non-current|||
|assets|||
|IV.Total profit(“-”for loss)|4,573,313.15|-16,754,066.16|
|Less：Income tax expenses|113,036.77|133,570.67|
|V. Net profit|4,460,276.38|-16,887,636.83|
|Net profit attributable to the owners of|||
||4,399,465.71|-16,904,008.56|
|parent company|||
|Minority shareholders’ equity|60,810.67|16,371.73|
|VI. Other comprehensive income|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|Net of profit of other comprehensive inco|||
|me attributable to owners of the parent co|||
|mpany.|||
|（I）Other comprehensive income items|||
|that will not be reclassified into|||
|gains/losses in the subsequent accounting|||
|period|||
|1.Re-measurement of defined benefit pla|||
|ns of changes in net debt or net assets|||
|2.Other comprehensive income under the|||
|equity method investee can not be reclass|||
|ified into profit or loss.|||
|（II）|||
|Other comprehensive income that will be|||
|reclassified into profit or loss.|||
|1.Other comprehensive income under the|||
|equity method investee can be reclassifie|||
|d into profit or loss.|||
|2.Gains and losses from changes in fair v|||
|alue available for sale financial assets|||
|3.Held-to-maturity investments reclassifi|||
|ed to gains and losses of available for sal|||
|e financial assets|||
|4.The effective portion of cash flow hedg|||
|es and losses|||
|5.Translation differences in currency fina|||
|ncial statements|||
|6.Other|||
|Net of profit of other comprehensive inco|||
|me attributable to Minority shareholders’|||
|equity|||
|VII. Total comprehensive income|4,460,276.38|-16,887,636.83|
|Total comprehensive income attributable|||
||4,399,465.71|-16,904,008.56|
|to the owner of the parent company|||
|Total comprehensive income|||
||60,810.67|16,371.73|
|attributable minority shareholders|||
|VIII. Earnings per share|||
|（I）Basic earnings per share|0.0369|-0.1416|

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|(II)Diluted earnings per share|0.0369|-0.1416|

 If there are entities merged under common control, their net profit realized before the merger were totaled toRMB***. While it wasRMB*** previous period.
Legal Representative: Li Huaguang Person in charge ofaccounting：Xue Gangyi Accounting Dept Leader: Niu Yanli
4. Income statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I. Income from the key business|168,456,814.53|277,992,340.65|
|Less：Business cost|154,409,687.53|271,091,091.34|
|Business tax and surcharge|129,873.29||
|Sales expense||3,707,440.43|
|Administrative expense|6,845,070.91|23,193,593.98|
|Financial expenses|-60,600.17|12,127,313.44|
|Asset impairment loss|||
|Add：Gains from change of fir value|||
|（“-”for loss）|||
|Investment gain（“-”for loss）|593,417.74|8,723,838.36|
|Incl: investment gains from affiliates|593,417.74|8,723,838.36|
|II. Operational profit（“-”for loss）|7,726,200.71|-23,403,260.18|
|Add ：Non-operational income||111,509.69|
|Including：Income from disposal|||
|of non-current assets|||
|Less：Non business expenses|26,687.51|70,000.00|
|Incl：Loss from disposal of non-current|||
|assets|||
|III.Total profit(“-”for loss)|7,699,513.20|-23,361,750.49|
|Less：Income tax expenses|||
|IV. Net profit（“-”for net loss）|7,699,513.20|-23,361,750.49|
|V.Net of profit of other comprehensive i|||
|ncome|||
|（I）Other comprehensive income|||
|items that will not be reclassified into|||
|gains/losses in the subsequent|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|accounting period|||
|1.Re-measurement of defined benefit pl|||
|ans of changes in net debt or net assets|||
|2.Other comprehensive income under th|||
|e equity method investee can not be recl|||
|assified into profit or loss.|||
|（ II ）|||
|Other comprehensive income that will b|||
|e reclassified into profit or loss.|||
|1.Other comprehensive income under th|||
|e equity method investee can be reclassi|||
|fied into profit or loss.|||
|2.Gains and losses from changes in fair|||
|value available for sale financial assets|||
|3.Held-to-maturity investments reclassif|||
|ied to gains and losses of available for s|||
|ale financial assets|||
|4.The effective portion of cash flow hed|||
|ges and losses|||
|5.Translation differences in currency fin|||
|ancial statements|||
|6.Other|||
|VI. Total comprehensive income|7,699,513.20|-23,361,750.49|
|VII. Earnings per share：|||
|（I）Basic earnings per share|0.0645|-0.1957|
|(II)Diluted earnings per share|0.0645|-0.1957|

 5. Consolidated Cash flow statement
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||120,437,308.27|210,773,831.67|
|rending 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|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|other financial bodies|||
|Cash received against original|||
|insurance contract|||
|Net cash received from reinsurance|||
|business|||
|Net increase of client deposit and|||
|investment|||
|Net increase of the financial assets that|||
|are measured at fair value and whose|||
|movement is counted to the current|||
|gain and loss|||
|Cash received as interest, processing|||
|fee and commission|||
|Net increase of inter-bank fund|||
|received|||
|Net increase of repurchasing business|||
|Tax returned|1,181,006.06|2,201,755.21|
|Other cash received from business|||
||1,597,362.26|2,308,166.72|
|operation|||
|Sub-total of cash inflow|123,215,676.59|215,283,753.60|
|Cash paid for purchasing of|||
||76,162,178.20|149,302,310.21|
|merchandise and services|||
|Net increase of client trade and|||
|advance|||
|Net increase of savings n central bank|||
|and brother company|||
|Cash paid for original contract claim|||
|Cash paid for interest, processing fee|||
|and commission|||
|Cash paid for policy dividend|||
|Cash paid to staffs or paid for staffs|16,767,249.54|44,780,031.79|
|Taxes paid|2,246,164.85|2,120,242.49|
|Other cash paid for business activities|3,844,479.92|13,100,057.67|
|Sub-total of cash outflow from|||
||99,020,072.51|209,302,642.16|
|business activities|||
|Cash flow generated by business|||
||24,195,604.08|5,981,111.44|
|operation, net|||
|II.Cash flow generated by investing|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|Cash received from investment|||
|retrieving|||
|Cash received as investment gains|3,400,000.00|32,500,000.00|
|Net cash retrieved from disposal of|||
|fixed assets, intangible 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|||
||3,400,000.00|32,500,000.00|
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets and other|9,956,479.52|10,043,152.13|
|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|||
||9,956,479.52|10,043,152.13|
|investment activities|||
|Net cash flow generated by investment|-6,556,479.52|22,456,847.87|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Incl: Cash received as investment from|||
|minor shareholders|||
|Cash received as loans|182,000,000.00|204,000,000.00|
|Cash received from bond placing|||
|Other financing –related ash received|518,963,714.88|368,105,303.76|
|Sub-total of cash inflow from financing|||
||700,963,714.88|572,105,303.76|
|activities|||
|Cash to repay debts|203,500,000.00|314,500,000.00|
|Cash paid as dividend, profit, or|||
||25,695,112.68|31,106,682.52|
|interests|||
|Incl: Dividend and profit paid by|||
|subsidiaries to minor shareholders|||

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|Other cash paid for financing activities|483,046,955.36|226,676,691.00|
|Sub-total of cash outflow due to|||
||712,242,068.04|572,283,373.52|
|financing activities|||
|Net cash flow generated by financing|-11,278,353.16|-178,069.76|
|IV. Influence of exchange rate|||
|alternation on cash and cash||207,404.73|
|equivalents|||
|V.Net increase of cash and cash|||
||6,360,771.40|28,467,294.28|
|equivalents|||
|Add: balance of cash and cash|||
||23,643,515.81|35,555,585.06|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||30,004,287.21|64,022,879.34|
|equivalents at the end of term|||

6. Cash Flow Statement of the Parent Company
In RMB
||||
|-|-|-|
|Items|Amount in this period|Amount in last period|
|I.Cash flows from operating activities|||
|Cash received from sales of goods or|||
||62,935,102.03|113,480,428.69|
|rending of services|||
|Tax returned||834,940.19|
|Other cash received from business|||
||130,460.63|1,009,187.18|
|operation|||
|Sub-total of cash inflow|63,065,562.66|115,324,556.06|
|Cash paid for purchasing of|||
||42,225,351.14|141,111,969.26|
|merchandise and services|||
|Cash paid to staffs or paid for staffs|9,669,061.12|36,635,617.08|
|Taxes paid|387,883.70|287,830.13|
|Other cash paid for business activities|117,962.09|4,513,361.59|
|Sub-total of cash outflow from|||
||52,400,258.05|182,548,778.06|
|business activities|||
|Cash flow generated by business|||
||10,665,304.61|-67,224,222.00|
|operation, net|||
|II.Cash flow generated by investing|||
|Cash received from investment|||
|retrieving|||
|Cash received as investment gains|3,400,000.00|32,500,000.00|

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|Net cash retrieved from disposal of|||
|fixed assets, intangible 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|||
||3,400,000.00|32,500,000.00|
|investment activities|||
|Cash paid for construction of fixed|||
|assets, intangible assets|400,000.00|1,623,632.13|
|and other long-term assets|||
|Cash paid as investment|||
|Net cash received from subsidiaries|||
|and other operational units|||
|Other cash paid for investment|||
|activities|||
|Sub-total of cash outflow due to|||
||400,000.00|1,623,632.13|
|investment activities|||
|Net cash flow generated by investment|3,000,000.00|30,876,367.87|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|162,000,000.00|134,000,000.00|
|Cash received from bond placing|||
|Other financing –related ash received|683,285,394.29|607,038,750.02|
|Sub-total of cash inflow from|||
||845,285,394.29|741,038,750.02|
|financing activities|||
|Cash to repay debts|171,500,000.00|279,500,000.00|
|Cash paid as dividend, profit, or|||
||16,797,788.76|18,630,983.09|
|interests|||
|Other cash paid for financing activities|670,923,900.00|398,952,000.00|
|Sub-total of cash outflow due to|||
||859,221,688.76|697,082,983.09|
|financing activities|||
|Net cash flow generated by financing|-13,936,294.47|43,955,766.93|
|IV. Influence of exchange rate|||
|alternation on cash and cash|||
|equivalents|||
|V.Net increase of cash and cash|-270,989.86|7,607,912.80|

Chongqing Jianshe Motorcycle Co., Ltd. The First Quarterly Report 2016(Full text)
||||
|-|-|-|
|equivalents|||
|Add: balance of cash and cash|||
||4,486,524.01|22,292,965.15|
|equivalents at the beginning of term|||
|VI ..Balance of cash and cash|||
||4,215,534.15|29,900,877.95|
|equivalents at the end of term|||

II.Auditor’ report
Is the First Quarterly Report be audited?
□ Yes√No
The First Quarterly report is not audited.