Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Semi-Annual Report 2018 Stock code: 200054 Stock Abbreviation: Jianshe Vehicle B Announcement No.: 2018-042 Chongqing Jianshe Vehicle System Co., Ltd.
Summary of the Semi-Annual Report 2018
1。 Important notes
The summary is abstract from full-text of summary of the semi-annual report, for more details information , investors should found in the full-text of annual report that published on website of Shenzhen Stock Exchange and other website appointed by CSRC.
Objection statement of directors, supervisors and senior executives:
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|Name|Position|Content and reason|

Statement
Except the following directors, all the directors attended the board meeting for reviewing the semi-report.
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|The name of the directors absent|Positions|Reasons for the absence|Name of the consignee|
|Ye Yuxin|Independent Director|Business trip|Lv Hongxian|

Non-standardauditor’s opinion
□ Applicable√ Not applicable
Plans for profit distribution on ordinary shares or conversion of capital reserves into share capital proposed to the Board during the reporting period.
□ Applicable√ Not applicable
The Company will not distribute ash dividend or bonus shares, neither capitalizing of common reserves
Plans for profit distribution on preference shares for the reporting period approved by the Board
□ Applicable√ Not applicable
II. Basic information about the company
1. Company profile
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|Stock abbreviation|Jianshe Vehicle B|Stock code 2||00054|
|Stock exchange for listing|Shenzhen Stock Exchange||||
|Contact person and contact|||||
||Board secretary||Securities affairs Representative||
|manner|||||
|Name|Zhang Hushan||Liu Hongyu||
||No.1 Jianshe Road, Huaxi Industrial Zone,Ba’nan District , Chongqing||No.1 Jianshe Road, Huaxi Industrial Zone,Ba’nan District , Chongqing||
|Office address|||||
|Tel|023-66295333||023-66295333||
|E-mail|cqjsmc@jianshe.com.cn||cqjsmc@jianshe.com.cn||

2. Major accounting data and financial indicators
Does the Company adjust retrospectively or restate the accounting data of previous years due to changes in the
accounting policy or corrections of accounting errors?
□Yes√ No
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|-|-|-|
|Reporting period|Same period of last year|YOY+/-（%）|

Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Semi-Annual Report 2018
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|-|-|-|-|
|Operating income（Yuan）|511,696,731.41|550,074,257.84|-6.98%|
|Net profit attributable to the shareholders|66,076,528.48|11,418,319.36||
||||478.69%|
|of the listed company（Yuan）||||
|Net profit after deducting of non-recurring||||
|gain/loss attributable to the shareholders of|65,795,940.72|11,141,929.71|490.53%|
|listed company（Yuan）||||
|Cash flow generated by business operation,|28,486,030.25|63,135,091.91||
||||-54.88%|
|net（Yuan）||||
|Basic earning per share(Yuan/Share)|0.5535|0.0957|478.37%|
|Diluted gains per share(Yuan/Share)|0.5535|0.0957|478.37%|
|Weighted average ROE(%)|21.04%|4.17%|16.87%|
||As at the end of the|||
|||As at the end of last year|YOY+/-（%）|
||reporting period|||
|Gross assets (Yuan)|1,426,739,166.59|1,302,238,427.15|9.56%|
|Net assets attributable to shareholders of|348,834,731.97|282,758,203.49||
||||23.37%|
|the listed Company（Yuan）||||

3.Shareholders and shareholding
In Shares
||||||||||
|-|-|-|-|-|-|-|-|-|
||||Number of shareholders of||||||
|Total Number of common|||||||||
||||preferred stocks of which||||||
|shareholders at the end of the|8,100|||||0|||
||||voting rights recovered in the||||||
|reporting period|||||||||
||||report period(If any)||||||
|Shareholdings of Top 10 shareholders|||||||||
||||||Amount of||Number or share||
|Shareholders|Nature of|Proportion of||Number of|||pledged/frozen||
||||||restricted shares||||
||shareholder|shares held||shares held at|||State of||
|||（%）||period -end||||Amount|
||||||held||||
||||||||share||
|Chongqing Jianshe Mechanical andElectric Co., Ltd.|State-owned legalperson|71.13%||84,906,250|84,906,250||||
||||||||Freeze|7,185,000|
|Gu Zuocheng|Domestic naturalperson|1.89%||2,261,000|2,218,750||||
|Anhui Hengsheng EconomicDevelopment Group Co., Ltd.|Domesticnon-state-ownedlegal person|1.47%||1,750,000|1,750,000||||
|Liu Dan|Domestic naturalperson|0.86%||1,032,201|0||||
|Xu Yuanhui|Domestic naturalperson|0.55%||651,989|0||||
|Yu Lingfeng|Domestic naturalperson|0.51%||612,921|0||||
|Chen Xinqiang|Domestic naturalperson|0.51%||612,400|0||||
|Zhang Meilan|Domestic naturalperson|0.43%||513,560|0||||
|Feng Yonghui|Domestic naturalperson|0.42%||500,000|500,000||||
|CORE PACIFIC-YAMAICHIINTERNATIONAL (H.K.)LIMITED|Overseas legalperson|0.36%||424,550|0||||
|||There isn’t any associated relationship between the sponsoring shareholder|||||||
|Explanation on associated relationship among the||and the other shareholders among the top-10 list. None of them are|||||||
|aforesaid shareholders||regarded as ‘Acting in concert’ in accordance with ‘The rules of|||||||
|||information disclosure on change of shareholding.’ Foreign shareholders|||||||

Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Semi-Annual Report 2018
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|-|
|are unknown for their condition of ‘Associated relationship’ and ‘Acting|
|in concert’.|

4.Changing of controlling shareholder and practical controller of the Company.
Change of holding shareholder
□ Applicable√ Not applicable
No change of holding shareholder in the report period.
Change of substantial controller
□ Applicable√ Not applicable
No change of substantial controller in the report period.
5.Number of preference shareholders and shareholdings of top 10 of them
□ Applicable√ Not applicable
No preference shareholders in the reporting period
6.Corporate bonds
Are there any corporate bonds publicly offered and listed on the stock exchange, which were undue before the approval date of this report or were due but could not be redeemed in full?
No
III. Performance discussion& analysis
1．Performance Review for Reporting period
Is the company subject to any disclosure requirements for special industries?
No
In the first half of 2018, the company has vigorously expanded the existing compressor business according to the business objectives that we set at the beginning of the year in a bid to accelerate the development of Hanon, and speed up the transformation, achieving remarkable results in key areas of work.
In 2018, the company aims to sell 2.4 million sets of automotive air-conditioning compressors with revenue of 920 million yuan. In the first half of the year, the company has actually sold 1.23 million sets, accounting for51% of the sale plan at the beginning of the year. Among it, domestic sales is 890,000 units, dropping5.76% over the same period of the previous year; foreign sales is 340,000 units, an increase of7.33% over the same period of the previous year.
In the first half of 2018, revenue for the main business is 470 million yuan. As51% of equity interest of the subsidiary Shanghai Jianshe is transferred, investment profit is increased. Thus, the profit of current period is 66.08 million yuan, an increase of479% over the same period of the previous year.
2.Maters related to financial report
(1) Reason for changes in accounting policies, accounting estimates and accounting methods as compared to the financial report for the prior year
□ Applicable√ Not applicable
No such cases.
(2) Reason for retrospective restatement to correct major accounting errors during the reporting period
□ Applicable√ Not applicable
Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Semi-Annual Report 2018 No such cases.
(3) Reason for changes in scope of the consolidated financial statements as compared to the financial report for the prior year
√Applicable□ Not applicable
After the company sells51% of equity interest in Shanghai Construction, the company no longer holds the equity interest in Shanghai Jianshe. According to the provisions of “Accounting Standards for Business Enterprises No. 2– Long-term Equity Investments”, Shanghai Jianshe will no longer be included in the scope of thecompany’s consolidated statements after the sale.
Chongqing Jianshe Vehicle System Co., Ltd. Board chairman: Lv Hongxian July 26,2018