Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text Chongqing Jianshe Motorcycle Co., Ltd.
st
The 1 Quarterly Report 2014
2014-028
April 2014
Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text Chapter I. Important Statement
The Board of Directors and the directors of the Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report.
Directors other than the followings presented at the Board Meeting on which this report was examined:
|||||
|-|-|-|-|
|Name of the director absented|Position|Reason for not presenting the meeting|Name of consignee|
|Cheng Yuanwei|Independent Director|On business travel|Wang Jun|

Mr. Li Huaguang, the Legal Representative of the Company, Mr. Teng Feng, the Financial Officer, Mr. Liao Jian, the manager of accounting department, hereby declare: the truthfulness and completeness of the Financial Report are guaranteed.
Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text Chapter II. Financial Highlights and Change of Shareholders I. Main accounting data and indices
Are there any retrospective adjustment or restatement of financial information of previous year due to change of accounting policies or correcting of accounting errors?
[] Yes[V] No
|||||
|-|-|-|-|
|||Same period last|Increase/decrease|
||This report term|||
|||year|(%)|
|Turnover (RMB)|460,489,423.26|468,098,750.47|-1.63%|
|Net profit attributable to shareholders of the listed company (yuan)|-34,743,761.48|-17,380,296.76|-99.9%|
|Net profit attributable to the shareholders of the listed company and||||
||-34,898,544.16|-17,870,082.48|-95.29%|
|after deducting of non-recurring gain/loss(RMB)||||
|Net Cash flow generated by business operation (RMB)|58,140,760.62|39,113,297.55|48.65%|
|Basic earnings per share (Yuan/share)|-0.291|-0.146|-99.9%|
|Diluted earnings per share (Yuan/share)|-0.291|-0.146|-99.9%|
|Weighted average net||||
||-25.93%|-13.9%|-12.03%|
|income/asset ratio (%)||||
||Ended this report|||
|||End of prev. year|Changed by %|
||term|||
|Gross Assets (RMB)|2,615,294,086.39|2,744,421,025.89|-4.71%|
|Net asset attributable to owners of the PLC|116,639,438.07|151,383,199.55|-22.95%|

 Non-recurring gain/loss items and amounts
[V] Applicable Not applicable
In RMB Yuan
||||
|-|-|-|
||Amount of the period from the beginning of year to the end of||
|Items||Remarks|
||report term||
|Other non-business income and expenditures other than|||
||154,782.68||
|the above|||
|Total|154,782.68|--|

 If the company defines those items to recurring gain/loss items, which were defined by “Regulations of Information Disclosure of PLCs, Explanation No.1 - Non-recurring gain/loss” as non-recurring gain/loss, please provide reason here.
[] Applicable;[V] Not applicable
Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text II. Total of shareholders and top-10 holders of current shares at end of period
in shares
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|Total shareholders at the end of the report period|||12,904|||||||
|Top 10 Shareholders||||||||||
|||||||Amount of|Frozen or pledged|||
||Properties of||Share||Amount of|||||
|Name of the shareholder||||||unconditional shares|Status of|||
||shareholder||proportion (%)||shares||||Amount|
|||||||held|shares|||
|China Southern IndustryGroup 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||||
|Hu Zhihong|Domestic natural person||0.31%||366,864|0||||
|Chen Houping|Domestic natural person||0.24%||281,279|0||||
|Fei Shunying|Domestic natural person||0.24%||280,740|0||||
|Xue Fang|Domestic natural person||0.21%||250,000|0||||
|Wang Chuxin|Domestic natural person||0.18%||220,425|0||||
|Ou Zhiquan|Domestic natural person||0.18%||211,649|0||||
|Top 10 holders of unconditional shares||||||||||
|||Amount of shares||Category of shares||||||
|Name of the shareholder||without||||||||
|||trade limited||Category of shares||||Amount||
|||conditions||||||||
|Hu Zhihong||366,864||Foreign shares placed in domestic exchange||||366,864||
|Chen Houping||281,279||Foreign shares placed in domestic exchange||||281,279||
|Fei Shunying||280,740||Foreign shares placed in domestic exchange||||280,740||
|Xue Fang||250,000||Foreign shares placed in domestic exchange||||250,000||
|Wang Chuxin||220,425||Foreign shares placed in domestic exchange||||220,425||
|Ou Zhiquan||211,649||Foreign shares placed in domestic exchange||||211,649||
|Wu Chengzhen||208,000||Foreign shares placed in domestic exchange||||208,000||
|Guo Haocheng||165,300||Foreign shares placed in domestic exchange||||165,300||
|He Lizhuan||160,000||Foreign shares placed in domestic exchange||||160,000||
|Huang Lianna||134,950||Foreign shares placed in domestic exchange||||134,950||
|Notes to relationship or “action in||It was not to the information of the Company that whether there was any related relationship or||||||||
|concert” among the top ten||action-in-concert among the top 10 unconditional current share holders, and the top 10||||||||
|shareholders.||shareholders.||||||||

Was there any agreed repurchasing trade by shareholders in the report period
[] Yes[V] No
Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text Chapter III. Significant Issues
I. Particulars and causations of material change in major accounting items and indices
Not applicable
II. Analyze of significant issues and solutions
Not applicable
III. Commitment issues of shareholders with5% or over of shares occurred in the report period or carried down from previous report periods
Not applicable
IV. Business prospect for Jan-Jun 2014
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;[V] Not applicable
V. Securities investment
Statement on holding of otherPLC’s shares.
[] Applicable;[V] Not applicable
VI. Investment in derivate instruments
Not applicable
VII. Reception of investigation, communication, or visiting in report period
|||||||
|-|-|-|-|-|-|
|Time/date|Place|Way|Type of visitors|Visitors|Main content involved and material provided|
|||Telephone|||Q: Whether the title of “ST” could be removed after|
||The|||||
|January 27 2014||communicat|Individual|Investor|disclosure of the annual report? A: Please keep close|
||Company|||||
|||ion|||attention to the Company’s further disclosure.|

Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text Chapter IV. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Current asset:|||
|Monetary capital|264,051,540.94|388,314,602.28|
|Settlement provision|||
|Outgoing call loan|||
|Transactional financial assets|||
|Notes receivable|72,344,263.81|81,253,424.87|
|Account receivable|312,314,364.68|311,899,501.77|
|Prepayment|52,866,816.24|32,738,242.83|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts receivable|||
|Interest receivable|||
|Dividend receivable|1,470,000.00||
|Other account receivable|26,781,386.01|23,946,335.95|
|Repurchasing of financial assets|||
|Inventories|286,094,866.79|299,191,811.74|
|Non-current asset due in 1 year|||
|Other current asset|||
|Total of current asset|1,015,923,238.47|1,137,343,919.44|
|Non-current assets|||
|Disburse of consigned loans|||
|Sellable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
|Long-term share equity investment|689,912,308.02|689,241,790.19|

Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text
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|-|-|-|
|Investment real estates|||
|Fixed assets|753,115,584.66|763,705,401.21|
|Construction in process|12,770,784.86|11,013,703.97|
|Engineering goods|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|99,779,999.88|103,611,915.99|
|R&D expense|31,187,062.34|27,603,929.21|
|Goodwill|||
|Long-term amortizable expenses|8,632,753.52|7,928,011.24|
|Deferred income tax asset|3,564,354.64|3,564,354.64|
|Other non-current asset|408,000.00|408,000.00|
|Total of non-current assets|1,599,370,847.92|1,607,077,106.45|
|Total of assets|2,615,294,086.39|2,744,421,025.89|
|Current liabilities|||
|Short-term loans|836,710,666.67|896,805,047.85|
|Loan from Central Bank|||
|Deposit received and hold for others|||
|Call loan received|||
|Transactional financial liabilities|||
|Notes payable|705,368,600.00|742,696,400.00|
|Account payable|574,246,730.54|536,553,953.76|
|Advances received|33,441,442.19|29,177,260.79|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|2,764,537.08|2,619,043.15|
|Tax payable|121,774,749.81|124,374,241.36|
|Interest payable|||
|Dividend payable|||
|Other account payable|44,660,699.64|32,539,679.76|
|Reinsurance fee payable|||
|Insurance contract provision|||
|Entrusted trading of securities|||

Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text
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|-|-|-|
|Entrusted selling of securities|||
|Non-current liability due in 1 year|49,500,000.00|98,000,000.00|
|Other current liability|||
|Total of current liability|2,368,467,425.93|2,462,765,626.67|
|Non-current liabilities|||
|Long-term borrowings|129,000,000.00|129,000,000.00|
|Bond payable|||
|Long-term payable|||
|Special payable|738,000.00|738,000.00|
|Expected liabilities|||
|Deferred income tax liability|||
|Other non-recurring liabilities|||
|Total of non-current liabilities|129,738,000.00|129,738,000.00|
|Total of liability|2,498,205,425.93|2,592,503,626.67|
|Owners’ equity (or shareholders’ equity)|||
|Capital paid in (or share capital)|119,375,000.00|119,375,000.00|
|Capital reserves|960,515,317.59|960,515,317.59|
|Less: Shares in stock|||
|Special reserves|||
|Surplus reserves|125,686,000.00|125,686,000.00|
|Common risk provision|||
|Retained profit|-1,088,936,879.52|-1,054,193,118.04|
|Different of foreign currency translation|||
|Total of owner’s equity belong to the parent company|116,639,438.07|151,383,199.55|
|Minor shareholders’ equity|449,222.39|534,199.67|
|Total of owners’ equity (or shareholders’ equity)|117,088,660.46|151,917,399.22|
|Total of liability and shareholders’ equity (or owners’ equity)|2,615,294,086.39|2,744,421,025.89|

 Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
2. Balance Sheet of the Parent Company
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Current asset:|||

Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text
||||
|-|-|-|
|Monetary capital|92,262,004.72|228,624,992.89|
|Transactional financial assets|||
|Notes receivable|45,394,007.50|39,803,978.66|
|Account receivable|5,337,215.31|4,802,644.17|
|Prepayment|21,911,217.52|18,601,531.02|
|Interest receivable|||
|Dividend receivable|1,470,000.00||
|Other account receivable|213,967,248.90|208,879,559.83|
|Inventories|77,370,102.55|79,555,340.09|
|Non-current asset due in 1 year|||
|Other current asset|||
|Total of current asset|457,711,796.50|580,268,046.66|
|Non-current assets|||
|Sellable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
|Long-term share equity investment|838,148,835.89|837,478,318.07|
|Investment real estates|||
|Fixed assets|607,734,085.88|615,254,019.58|
|Construction in process|12,770,784.86|11,013,703.97|
|Engineering goods|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|87,224,806.92|90,978,642.33|
|R&D expense|31,187,062.34|27,603,929.21|
|Goodwill|||
|Long-term amortizable expenses|2,155,356.63|1,815,694.12|
|Deferred income tax asset|||
|Other non-current asset|||
|Total of non-current assets|1,579,220,932.52|1,584,144,307.28|
|Total of assets|2,036,932,729.02|2,164,412,353.94|
|Current liabilities|||
|Short-term loans|379,000,000.00|420,000,000.00|

Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text
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|-|-|-|
|Transactional financial liabilities|||
|Notes payable|411,001,400.00|439,186,400.00|
|Account payable|537,312,945.00|504,942,097.46|
|Advances received|4,233,057.94|3,162,370.27|
|Employees’ wage payable|1,071,069.43|1,356,068.19|
|Tax payable|125,942,250.33|125,804,653.87|
|Interest payable|||
|Dividend payable|||
|Other account payable|233,882,510.49|239,108,166.57|
|Non-current liability due in 1 year|47,000,000.00|94,000,000.00|
|Other current liability|||
|Total of current liability|1,739,443,233.19|1,827,559,756.36|
|Non-current liabilities|||
|Long-term borrowings|47,000,000.00|47,000,000.00|
|Bond payable|||
|Long-term payable|||
|Special payable|738,000.00|738,000.00|
|Expected liabilities|||
|Deferred income tax liability|||
|Other non-recurring liabilities|||
|Total of non-current liabilities|47,738,000.00|47,738,000.00|
|Total of liability|1,787,181,233.19|1,875,297,756.36|
|Owners’ equity (or shareholders’ equity)|||
|Capital paid in (or share capital)|119,375,000.00|119,375,000.00|
|Capital reserves|958,575,094.29|958,575,094.29|
|Less: Shares in stock|||
|Special reserves|||
|Surplus reserves|125,686,000.00|125,686,000.00|
|Common risk provision|||
|Retained profit|-953,884,598.46|-914,521,496.71|
|Different of foreign currency translation|||
|Total of owners’ equity (or shareholders’ equity)|249,751,495.83|289,114,597.58|
|Total of liability and shareholders’ equity (or owners’ equity)|2,036,932,729.02|2,164,412,353.94|

Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text 3. Consolidated Income Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
||||
|-|-|-|
||Amount of the Current|Amount of the Previous|
|Items|||
||Term|Term|
|I. Total revenue|460,489,423.26|468,098,750.47|
|Incl. Business income|460,489,423.26|468,098,750.47|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|497,613,462.53|493,956,074.41|
|Incl. Business cost|404,788,307.74|401,323,991.36|
|Interest expense|||
|Fee and commission paid|||
|Insurance discharge payment|||
|Net claim amount paid|||
|Net insurance policy reserves provided|||
|Insurance policy dividend paid|||
|Reinsurance expenses|||
|Business tax and surcharge|5,109,145.26|4,610,215.52|
|Sales expense|25,477,204.57|31,523,925.75|
|Administrative expense|41,730,669.27|36,706,981.39|
|Financial expenses|20,508,135.69|19,790,960.39|
|Asset impairment loss|||
|Plus: gains from change of fair value (“-“ for loss)|||
|Investment gains (“-“ for loss)|2,140,517.82|8,209,109.75|
|Incl. Investment gains from affiliates|2,140,517.82|8,209,109.75|
|Exchange gains (“-“ for loss)|||
|III. Operational profit (“-“ for loss)|-34,983,521.45|-17,648,214.19|
|Plus: Non business income|247,850.80|505,719.17|
|Less: Non-business expenses|93,068.12|15,933.44|
|Incl. Loss from disposal of non-current assets|93,068.12||
|IV. Gross profit (“-“ for loss)|-34,828,738.77|-17,158,428.46|
|Less: Income tax expenses|||

Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text
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|-|-|-|
|V. Net profit (“-“ for net loss)|-34,828,738.77|-17,158,428.46|
|Including: Net profit realized by the entity taken over before the|||
|takover|||
|Net profit attributable to the owners of parent company|-34,743,761.48|-17,380,296.76|
|Minor shareholders’ equity|-84,977.29|221,868.30|
|VI. Earnings per share:|--|--|
|(I) Basic earnings per share|-0.291|-0.146|
|(II) Diluted earnings per share|-0.291|-0.146|
|VII. Other misc. incomes|||
|VIII. Total of misc. incomes|-34,828,738.77|-17,158,428.46|
|Total of misc. incomes attributable to the owners of the parent|||
||-34,743,761.48|-17,380,296.76|
|company|||
|Total misc gains attributable to the minor shareholders|-84,977.29|221,868.30|

 Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
4. Income Statement of the Parent Co.
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
|I. Turnover|360,032,048.65|391,682,247.43|
|Less: Operation cost|360,032,048.65|391,682,247.43|
|Business tax and surcharge|3,933,331.73|4,295,693.16|
|Sales expense|4,099,401.69|3,894,260.85|
|Administrative expense|31,993,368.87|26,458,086.52|
|Financial expenses|16,227,073.32|14,772,185.26|
|Asset impairment loss|||
|Plus: gains from change of fair value (“-“ for loss)|||
|Investment gains (“-“ for loss)|2,140,517.82|8,209,109.75|
|Incl. Investment gains from affiliates|2,140,517.82|8,209,109.75|
|II. Operational profit (“-“ for loss)|-39,445,965.55|-1,340,850.94|
|Plus: Non business income|82,863.80|24,650.00|
|Less: Non-business expenses|||
|Incl. Loss from disposal of non-current assets|||
|III. Total profit (“-“ for loss)|-39,363,101.75|-1,316,200.94|

Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text
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|-|-|-|
|Less: Income tax expenses|||
|IV. Net profit (“-“ for net loss)|-39,363,101.75|-1,316,200.94|
|V. Earnings per share|--|--|
|(I) Basic earnings per share|-0.33|-0.011|
|(II) Diluted earnings per share|-0.33|-0.011|
|VI. Other misc gains|||
|VII. Total of integrated income|-39,363,101.75|-1,316,200.94|

 Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
5. Consolidated Cash Flow Statement
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
||||
|-|-|-|
||Amount of the Current|Amount of the Previous|
|Items|||
||Term|Term|
|I. Net cash flow from business operation|||
|Cash received from sales of products and providing of services|275,508,412.54|368,843,069.68|
|Net increase of customer deposits and capital kept for brother company|||
|Net increase of loans from central bank|||
|Net increase of inter-bank loans from other financial bodies|||
|Cash received against original insurance contract|||
|Net cash received from reinsurance business|||
|Net increase of client deposit and investment|||
|Net increase of trade financial asset disposal|||
|Cash received as interest, processing fee, and commission|||
|Net increase of inter-bank fund received|||
|Net increase of repurchasing business|||
|Tax returned|5,070,669.77|4,744,085.05|
|Other cash received from business operation|2,124,357.78|3,650,337.00|
|Sub-total of cash inflow from business activities|282,703,440.09|377,237,491.73|
|Cash paid for purchasing of merchandise and services|137,897,014.91|252,250,536.42|
|Net increase of client trade and advance|||
|Net increase of savings in central bank and brother company|||
|Cash paid for original contract claim|||
|Cash paid for interest, processing fee and commission|||

Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text
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|-|-|-|
|Cash paid for policy dividend|||
|Cash paid to staffs or paid for staffs|49,225,204.98|60,948,632.60|
|Taxes paid|19,393,785.71|6,619,425.77|
|Other cash paid for business activities|18,046,673.87|18,305,599.39|
|Sub-total of cash outflow from business activities|224,562,679.47|338,124,194.18|
|Cash flow generated by business operation, net|58,140,760.62|39,113,297.55|
|II. Cash flow generated by investing|||
|Cash received from investment retrieving||1,181.71|
|Cash received as investment profit||15,470,000.00|
|Net cash retrieved from disposal of fixed assets, intangible assets, and|||
||600.00|1,850.00|
|other long-term assets|||
|Net cash received from disposal of subsidiaries or other operational units|||
|Other investment-related cash received||3,036.29|
|Sub-total of cash inflow due to investment activities|600.00|15,476,068.00|
|Cash paid for construction of fixed assets, intangible assets and other|||
||2,150,002.87|5,024,468.55|
|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|2,150,002.87|5,024,468.55|
|Net cash flow generated by investment|-2,149,402.87|10,451,599.45|
|III. Cash flow generated by financing|||
|Cash received as investment|||
|Incl. Cash received as investment from minor shareholders|||
|Cash received as loans|290,850,000.00|340,400,000.00|
|Cash received from bond placing|||
|Other financing-related cash received|273,001,231.35|7,613,258.20|
|Subtotal of cash inflow from financing activities|563,851,231.35|348,013,258.20|
|Cash to repay debts|396,075,444.96|344,589,646.80|
|Cash paid as dividend, profit, or interests|20,974,677.36|24,291,572.94|
|Incl. Dividend and profit paid by subsidiaries to minor shareholders|||
|Other cash paid for financing activities|340,570,135.40|11,578,436.32|
|Subtotal of cash outflow due to financing activities|757,620,257.72|380,459,656.06|
|Net cash flow generated by financing|-193,769,026.37|-32,446,397.86|

Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text
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|-|-|-|
|IV. Influence of exchange rate alternation on cash and cash equivalents|170,424.37|-516,713.01|
|V. Net increase of cash and cash equivalents|-137,607,244.25|16,601,786.13|
|Plus: Balance of cash and cash equivalents at the beginning of term|170,222,347.76|81,609,913.40|
|VI. Balance of cash and cash equivalents at the end of term|32,615,103.51|98,211,699.53|

 Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
6. Cash Flow Statement of the Parent Co.
Prepared by: Chongqing Jianshe Motorcycle Co., Ltd.
In RMB Yuan
||||
|-|-|-|
||Amount of the Current|Amount of the Previous|
|Items|||
||Term|Term|
|I. Net cash flow from business operation|||
|Cash received from sales of products and providing of services|208,523,741.97|284,825,619.91|
|Tax returned|2,753,664.19|1,454,511.94|
|Other cash received from business operation|805,276.38|61,588.15|
|Sub-total of cash inflow from business activities|212,082,682.54|286,341,720.00|
|Cash paid for purchasing of merchandise and services|115,492,624.53|215,579,824.42|
|Cash paid to staffs or paid for staffs|39,321,978.39|46,270,023.08|
|Taxes paid|4,858,305.83|5,374,648.05|
|Other cash paid for business activities|5,783,888.13|5,069,341.34|
|Sub-total of cash outflow from business activities|165,456,796.88|272,293,836.89|
|Cash flow generated by business operation, net|46,625,885.66|14,047,883.11|
|II. Cash flow generated by investing|||
|Cash received from investment retrieving|||
|Cash received as investment profit||15,470,000.00|
|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||3,036.29|
|Sub-total of cash inflow due to investment activities||15,473,036.29|
|Cash paid for construction of fixed assets, intangible assets and other|||
||2,082,114.87|4,211,468.55|
|long-term assets|||
|Cash paid as investment|||
|Net cash received from subsidiaries and other operational units|||

Chongqing Jianshe Motorcycle Co., Ltd. The 1st Quarterly Report 2014 Full Text
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|-|-|-|
|Other cash paid for investment activities|||
|Sub-total of cash outflow due to investment activities|2,082,114.87|4,211,468.55|
|Net cash flow generated by investment|-2,082,114.87|11,261,567.74|
|III. Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans|220,000,000.00|288,000,000.00|
|Cash received from bond placing|||
|Other financing-related cash received|523,773,829.21|804,010,904.05|
|Subtotal of cash inflow from financing activities|743,773,829.21|1,092,010,904.05|
|Cash to repay debts|308,000,000.00|269,000,000.00|
|Cash paid as dividend, profit, or interests|15,654,077.17|17,312,019.09|
|Other cash paid for financing activities|592,783,718.46|827,038,114.47|
|Subtotal of cash outflow due to financing activities|916,437,795.63|1,113,350,133.56|
|Net cash flow generated by financing|-172,663,966.42|-21,339,229.51|
|IV. Influence of exchange rate alternation on cash and cash equivalents|||
|V. Net increase of cash and cash equivalents|-128,120,195.63|3,970,221.34|
|Plus: Balance of cash and cash equivalents at the beginning of term|148,232,292.69|51,835,684.99|
|VI. Balance of cash and cash equivalents at the end of term|20,112,097.06|55,805,906.33|

 Legal representative: Li Huaguang CFO: Teng Feng Accounting Manager: Liao Jian
II.Auditors’ Report
If the 1st Quarterly Financial Statements are audited?
[] Yes[V] No
This 1st Quarterly Report is not audited.