Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 Chongqing Jianshe Motorcycle Co., Ltd.
The Financial Report 2017
2017-056
July 2017
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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 Motorcycle Co., Ltd.
June 30, 2017
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|295,278,417.88|514,414,822.57|
|Settlement provision|||
|Outgoing call loan|||
|Financial assets measured at fair value with variations accounted into|||
|current income account|||
|Derivative financial assets|||
|Bill receivable|62,644,057.09|14,907,890.35|
|Account receivable|255,105,669.86|255,587,439.92|
|Prepayments|8,227,304.05|10,891,933.02|
|Insurance receivable|||
|Reinsurance receivable|||
|Provisions of Reinsurance contracts receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other account receivable|8,142,426.73|8,579,890.08|
|Repurchasing of financial assets|||
|Inventories|154,692,361.34|201,207,030.54|
|Assets held for sales|||
|Non-current asset due in 1 year|||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Other current asset|1,836,709.63|1,734,063.70|
|Total of current assets|785,926,946.58|1,007,323,070.18|
|Non-current assets：|||
|Loans and payment on other’s behalf disbursed|||
|Disposable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|81,252,694.41|83,178,112.31|
|Property investment|112,986,190.01|115,326,025.61|
|Fixed assets|315,059,363.89|325,843,861.71|
|Construction in progress|4,176,362.84|2,438,832.43|
|Engineering material|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|11,540,143.86|11,696,305.26|
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|1,744,336.65|2,471,588.65|
|Differed income tax asset|1,816,875.69|1,816,875.69|
|Other non-current asset|6,908,228.33|9,240,209.19|
|Total of non-current assets|535,484,195.68|552,011,810.85|
|Total of assets|1,321,411,142.26|1,559,334,881.03|
|Current liabilities|||
|Short-term loans|284,500,000.00|224,500,000.00|
|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|425,710,000.00|718,560,000.00|
|Account payable|190,022,762.43|193,368,485.45|
|Advance payment|2,529,303.47|9,126,126.31|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Selling of repurchased financial assets|||
|Fees and commissions receivable|||
|Employees’ wage payable|3,800,016.29|2,629,812.54|
|Tax payable|16,443,532.01|16,163,190.70|
|Interest payable|||
|Dividend payable|||
|Other account payable|39,280,129.46|40,693,888.64|
|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|53,400,000.00|36,100,000.00|
|Other current liability|||
|Total of current liability|1,015,685,743.66|1,241,141,503.64|
|Non-current liabilities：|||
|Long-term loan|24,490,000.00|48,590,000.00|
|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|24,490,000.00|48,590,000.00|
|Total of liability|1,040,175,743.66|1,289,731,503.64|
|Owners’ equity|||
|Share capital|119,375,000.00|119,375,000.00|
|Other equity instruments|||
|Including：preferred stock|||
|Sustainable debt|||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|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|
|Common risk provision|||
|Undistributed profit|-923,834,683.28|-935,253,002.64|
|Total of owner’s equity belong to the parent company|279,801,411.01|268,383,091.65|
|Minority shareholders’ equity|1,433,987.59|1,220,285.74|
|Total of owners’ equity|281,235,398.60|269,603,377.39|
|Total of liabilities and owners’ equity|1,321,411,142.26|1,559,334,881.03|

 Legal Representative:Lv Hongxian
Person in charge ofaccounting：Xue Gangyi
Accounting Dept Leader: Niu Yanli
2. Balance sheet of Parent Company
In RMB
||||
|-|-|-|
|Items|Year-end balance|Year-beginning balance|
|Current asset：|||
|Monetary fund|146,182,096.26|290,491,337.89|
|Financial assets measured at fair value with variations accounted|||
|into current income account|||
|Derivative financial assets|||
|Bill receivable|||
|Account receivable|4,307.10|4,307.10|
|Prepayments|3,140,497.04|1,182,599.45|
|Interest receivable|||
|Dividend receivable|||
|Other account receivable|5,281,967.85|5,021,347.04|
|Inventories|||
|Assets held for sales|||
|Non-current asset due in 1 year|||
|Other current asset||131,046.64|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Total of current assets|154,608,868.25|296,830,638.12|
|Non-current assets：|||
|Disposable financial asset|||
|Expired investment in possess|||
|Long-term receivable|||
|Long term share equity investment|249,412,694.41|251,338,112.31|
|Property investment|112,986,190.01|115,326,025.61|
|Fixed assets|67,114,422.76|70,991,009.78|
|Construction in progress|||
|Engineering material|||
|Fixed asset disposal|||
|Production physical assets|||
|Gas & petrol|||
|Intangible assets|||
|R & D petrol|||
|Goodwill|||
|Long-germ expenses to be amortized|||
|Deferred income tax asset|||
|Other non-current asset|||
|Total of non-current assets|429,513,307.18|437,655,147.70|
||584,122,175.43|734,485,785.82|
|Total of assets|||
|Current liabilities|||
|Short-term loans|||
|Financial liabilities measured at fair value with variations|||
|accounted into current income account|||
|Derivative financial liabilities|||
|Bill payable||142,850,000.00|
|Account payable|137,243,657.31|147,819,149.98|
|Advance payment|180,083.38|180,083.38|
|Employees’ wage payable|554,830.16|14,467.08|
|Tax payable|16,267,804.23|15,945,044.76|
|Interest payable|||
|Dividend payable|||
|Other account payable|234,772,026.24|240,371,017.71|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Liabilities held for sales|||
|Non-current liability due in 1 year|||
|Other current liability|||
|Total of current liability|389,018,401.32|547,179,762.91|
|Non-current liabilities：|||
|Long-term loan|||
|Bond payable|||
|Including：preferred stock|||
|Sustainable debt|||
|Long-term payable|||
|Employees’ wage payable|||
|Special payable|||
|Expected liabilities|||
|Deferred income|||
|Deferred income tax liability|||
|Other non-current liabilities|||
|Total of Non-current liabilities|||
|Total of liability|389,018,401.32|547,179,762.91|
|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|-1,008,532,320.18|-1,016,330,071.38|
|Total of owners’ equity|195,103,774.11|187,306,022.91|
|Total of liabilities and owners’ equity|584,122,175.43|734,485,785.82|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 3.Consolidated Income Statement
In RMB
||||
|-|-|-|
|||Same period of the previous|
|Items|Report period||
|||year|
|I. Income from the key business|550,074,257.84|468,177,291.88|
|Incl：Business income|550,074,257.84|468,177,291.88|
|Interest income|||
|Insurance fee earned|||
|Fee and commission received|||
|II. Total business cost|540,112,621.78|460,454,082.01|
|Incl：Business cost|456,540,934.80|394,452,147.33|
|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|4,459,150.00|1,499,484.01|
|Sales expense|12,358,836.00|12,291,404.24|
|Administrative expense|46,644,017.51|36,444,955.02|
|Financial expenses|18,617,069.49|16,021,092.40|
|Asset impairment loss|1,492,613.98|-255,000.99|
|Add：Gains from change of fir value （“-”for loss）|||
|Investment gain（“-”for loss）|1,994,582.10|1,216,436.70|
|Incl: investment gains from affiliates|1,994,582.10|1,216,436.70|
|Gains from currency exchange（“-”for loss）|||
|Other income|||
|III. Operational profit（“-”for loss）|11,956,218.16|8,939,646.57|
|Add ：Non-operational income|443,547.75|459,509.47|
|Including：Income from disposal of non-current assets|200,962.58||
|Less：Non business expenses|167,158.10|318,470.87|
|Incl：Loss from disposal of non-current assets|142,770.96||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|IV.Total profit(“-”for loss)|12,232,607.81|9,080,685.17|
|Less：Income tax expenses|600,586.60|300,493.66|
|V. Net profit|11,632,021.21|8,780,191.51|
|Net profit attributable to the owners of parent company|11,418,319.36|8,502,845.42|
|Minority shareholders’ equity|213,701.85|277,346.09|
|VI. Other comprehensive income|||
|Net of profit of other comprehensive income attributable to owners of t|||
|he 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 can n|||
|ot be reclassified into profit or loss.|||
|(II)Other comprehensive income that will be reclassified into profit or l|||
|oss.|||
|1.Other comprehensive income under the equity method investee can b|||
|e reclassified into profit or loss.|||
|2.Gains and losses from changes in fair value available for sale financia|||
|l assets|||
|3.Held-to-maturity investments reclassified to gains and losses of availa|||
|ble for sale financial assets|||
|4.The effective portion of cash flow hedges and losses|||
|5.Translation differences in currency financial statements|||
|6.Other|||
|7.Net of profit of other comprehensive income attributable to Minority|||
|shareholders’ equity|||
|VII. Total comprehensive income|11,632,021.21|8,780,191.51|
|Total comprehensive income attributable to the owner of the parent|||
||11,418,319.36|8,502,845.42|
|company|||
|Total comprehensive income attributable minority shareholders|213,701.85|277,346.09|
|VIII. Earnings per share|||
|（I）Basic earnings per share|0.0957|0.0712|
|(II)Diluted earnings per share|0.0957|0.0712|

 The current business combination under common control, the net profits of the combined party before achieved ne t profit of RMB 0, last period the combined party realized RMB 0.
Legal Representative:Lv Hongxian
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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|339,527,118.70|336,824,318.43|
|Incl：Business cost|305,125,226.46|313,550,271.27|
|Business tax and surcharge|841,394.14|241,560.44|
|Sales expense|||
|Administrative expense|22,238,575.73|10,596,697.69|
|Financial expenses|5,993,807.50|4,913,633.54|
|Asset impairment loss|||
|Add：Gains from change of fir value （“-”for loss）|||
|Investment gain（“-”for loss）|1,994,582.10|1,216,436.70|
|Incl: investment gains from affiliates|1,994,582.10|1,216,436.70|
|Other income|||
|II. Operational profit（“-”for loss）|7,322,696.97|8,738,592.19|
|Add ：Non-operational income|207,862.58||
|Including：Income from disposal of non-current assets|||
|Less：Non business expenses|-267,191.65|26,696.96|
|Incl：Loss from disposal of non-current assets|142,770.96||
|III.Total profit(“-”for loss)|7,797,751.20|8,711,895.23|
|Less：Income tax expenses|||
|IV. Net profit（“-”for net loss）|7,797,751.20|8,711,895.23|
|V.Net of profit 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 in net debt or net|||
|assets|||
|2.Other comprehensive income under the equity method investee can n|||
|ot be reclassified into profit or loss.|||
|(II)Other comprehensive income that will be reclassified into profit or l|||
|oss.|||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|1.Other comprehensive income under the equity method investee can b|||
|e reclassified into profit or loss.|||
|2.Gains and losses from changes in fair value available for sale financia|||
|l assets|||
|3.Held-to-maturity investments reclassified to gains and losses of availa|||
|ble for sale financial assets|||
|4.The effective portion of cash flow hedges and losses|||
|5.Translation differences in currency financial statements|||
|6.Other|||
|VI. Total comprehensive income|7,797,751.20|8,711,895.23|
|VII. Earnings per share：|||
|（I）Basic earnings per share|0.0653|0.0730|
|(II)Diluted earnings per share|0.0653|0.0730|

 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 rending of services|233,913,811.59|238,598,416.24|
|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 amount from disposal financial assets that|||
|measured by fair value and with variation reckoned into current|||
|gains/losses|||
|Net increase of inter-bank fund received|||
|Net increase of trade financial asset disposal|||
|Net increase of repurchasing business|||
|Tax returned|4,086,887.50|3,714,512.19|
|Other cash received from business operation|8,555,466.77|4,572,178.51|
|Sub-total of cash inflow|246,556,165.86|246,885,106.94|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Cash paid for purchasing of merchandise and services|110,250,299.46|138,732,260.06|
|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|25,208,850.06|27,812,463.74|
|Taxes paid|17,335,347.98|9,112,317.40|
|Other cash paid for business activities|30,626,576.45|9,288,327.95|
|Sub-total of cash outflow from business activities|183,421,073.95|184,945,369.15|
|Cash flow generated by business operation, net|63,135,091.91|61,939,737.79|
|II.Cash flow generated by investing|||
|Cash received from investment retrieving|||
|Cash received as investment gains|4,000,000.00|3,400,000.00|
|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 investment activities|4,000,000.00|3,400,000.00|
|Cash paid for construction of|||
|fixed assets, intangible assets|5,343,707.62|12,945,403.02|
|and 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|5,343,707.62|12,945,403.02|
|Net cash flow generated by investment|-1,343,707.62|-9,545,403.02|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Incl: Cash received as investment from minor shareholders|||
|Cash received as loans||222,500,000.00|
|Cash received from bond placing|||
|Other financing –related ash received|548,004,868.94|1,338,108,850.64|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Sub-total of cash inflow from financing activities|548,004,868.94|1,560,608,850.64|
|Cash to repay debts|26,300,000.00|412,800,000.00|
|Cash paid as dividend, profit, or interests|22,593,991.30|17,899,685.36|
|Incl: Dividend and profit paid by subsidiaries to minor shareholders|||
|Other cash paid for financing activities|667,171,141.01|1,089,473,618.24|
|Sub-total of cash outflow due to financing activities|716,065,132.31|1,520,173,303.60|
|Net cash flow generated by financing|-168,060,263.37|40,435,547.04|
|IV. Influence of exchange rate alternation on cash and cash|||
||0||
|equivalents|||
|V.Net increase of cash and cash equivalents|-106,268,879.08|92,829,881.81|
|Add: balance of cash and cash equivalents at the beginning of term|273,768,758.46|23,643,515.81|
|VI ..Balance of cash and cash equivalents at the end of term|167,499,879.38|116,473,397.62|

 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 rending of services|132,211,763.35|140,584,159.57|
|Tax returned|||
|Other cash received from business operation|286,365.25|162,250.98|
|Sub-total of cash inflow|132,498,128.60|140,746,410.55|
|Cash paid for purchasing of merchandise and services|81,048,957.61|81,695,480.33|
|Cash paid to staffs or paid for staffs|9,247,217.96|13,993,730.48|
|Taxes paid|5,726,931.81|4,961,700.84|
|Other cash paid for business activities|1,982,919.53|984,106.09|
|Sub-total of cash outflow from business activities|98,006,026.91|101,635,017.74|
|Cash flow generated by business operation, net|34,492,101.69|39,111,392.81|
|II.Cash flow generated by investing|||
|Cash received from investment retrieving|||
|Cash received as investment gains|4,000,000.00|3,400,000.00|
|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|||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Sub-total of cash inflow due to investment activities|4,000,000.00|3,400,000.00|
|Cash paid for construction of|||
|fixed assets, intangible assets|40,000.00|450,000.00|
|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 investment activities|40,000.00|450,000.00|
|Net cash flow generated by investment|3,960,000.00|2,950,000.00|
|III.Cash flow generated by financing|||
|Cash received as investment|||
|Cash received as loans||202,500,000.00|
|Cash received from bond placing|||
|Other financing –related ash received|383,791,136.86|1,538,413,233.34|
|Sub-total of cash inflow from financing activities|383,791,136.86|1,740,913,233.34|
|Cash to repay debts||379,300,000.00|
|Cash paid as dividend, profit, or interests|8,540,566.36|5,375,548.25|
|Other cash paid for financing activities|515,152,973.17|1,295,397,905.00|
|Sub-total of cash outflow due to financing activities|523,693,539.53|1,680,073,453.25|
|Net cash flow generated by financing|-139,902,402.67|60,839,780.09|
|IV. Influence of exchange rate alternation on cash and cash|||
|equivalents|||
|V.Net increase of cash and cash equivalents|-101,450,300.98|102,901,172.90|
|Add: balance of cash and cash equivalents at the beginning of term|247,582,579.15|4,486,524.01|
|VI ..Balance of cash and cash equivalents at the end of term|146,132,278.17|107,387,696.91|

 7. Consolidated Statement on Change inOwners’ Equity
Amount in this period
In RMB
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Amount in this period|||||||||||||
||Owner’s equity Attributable to the Parent Company|||||||||||||
|||||||||||||Minor||
|||Other Equity|||||Other|||Commo|||Total of|
|Items||||||||||||||
||Share|instrusment||||Less:||Speciali|||Attribut|shareho||
||Capita|prefer|||Capital|Shares|Compre|zed|Surplus|n risk|able|lders’|owners’|
||l|red|Sustai|Other|reserves|in stock|hensive|reserve|reserves|provisio|profit|equity|equity|
|||stock|nable||||Income|||n||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||||||||
|-|-|-|-|-|-|-|-|
|||debt||||||
||119,37||||-935,25|||
|I.Balance at the|||958,575|125,686||1,220,2|269,603|
||5,000.||||3,002.6|||
|end of last year|||,094.29|,000.00||85.74|,377.39|
||00||||4|||
|Add: Change of||||||||
|accounting||||||||
|policy||||||||
|Correcting of||||||||
|previous errors||||||||
|Merger of entities||||||||
|under common||||||||
|control||||||||
|Other||||||||
|II.Balance at the|119,37||||-935,25|||
||||958,575|125,686||1,220,2|269,603|
|beginning of|5,000.||||3,002.6|||
||||,094.29|,000.00||85.74|,377.39|
|current year|00||||4|||
|III.Changed in the|||||11,418,|213,701|11,632,|
|current year|||||319.36|.85|021.21|
|（1）Total||||||||
||||||11,418,|213,701|11,632,|
|comprehensive||||||||
||||||319.36|.85|021.21|
|income||||||||
|（II）Investment||||||||
|or decreasing of||||||||
|capital by owners||||||||
|1．Ordinary Share||||||||
|s invested by hare||||||||
|holders||||||||
|2．Holders of oth||||||||
|er 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||||||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||||
|-|-|-|-|-|-|-|
|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. Other|||||||
|(V). Special|||||||
|reserves|||||||
|1. Provided this|||||||
|year|||||||
|2．Used this term|||||||
|（VI）Other|||||||
||119,37|||-923,83||281,235,398.60|
|IV. Balance at the||958,575|125,686||1,433,9||
||5,000.|||4,683.2|||
|end of this term||,094.29|,000.00||87.59||
||00|||8|||

Amount in last year
In RMB
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Amount in last year|||||||||||||
||Owner’s equity Attributable to the Parent Company|||||||||||||
|||Other Equity||||||||||Minor||
|||instrusment|||||Other|||Commo|||Total of|
|Items||||||||||||||
|||||||||||||shareho||
||share|prefer|||Capital|Less:Shares|Compre|Specialized|Surplus|n risk|Attributable|lders’|owners’|
||Capita|red|Sustai|Other|reserves|in stock|hensive|reserve|reserves|provisio|profit|equity|equity|
|||stock|nabledebt||||Income|||n||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||||
|-|-|-|-|-|-|-|
||119,37|||-947,52|||
|I.Balance at the||958,575|125,686||781,632|256,897|
||5,000.|||0,008.7|||
|end of last year||,094.29|,000.00||.77|,718.28|
||00|||8|||
|Add: Change of|||||||
|accounting|||||||
|policy|||||||
|Correcting of|||||||
|previous errors|||||||
|Merger of entities|||||||
|under common|||||||
|control|||||||
|Other|||||||
|II.Balance at the|119,37|||-947,52|||
|||958,575|125,686||781,632|256,897|
|beginning of|5,000.|||0,008.7|||
|||,094.29|,000.00||.77|,718.28|
|current year|00|||8|||
|III.Changed in the||||12,267,|438,652|12,705,|
|current year||||006.14|.97|659.11|
|（1）Total|||||||
|||||12,267,|438,652|12,705,|
|comprehensive|||||||
|||||006.14|.97|659.11|
|income|||||||
|（II）Investment|||||||
|or decreasing of|||||||
|capital by owners|||||||
|1．Ordinary Share|||||||
|s invested by hare|||||||
|holders|||||||
|2．Holders of oth|||||||
|er equity instrume|||||||
|nts invested capital|||||||
|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|||||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||||
|-|-|-|-|-|-|-|
|surplus reserves|||||||
|(or to capital|||||||
|shares)|||||||
|3．Making up|||||||
|losses by surplus|||||||
|reserves.|||||||
|4. Other|||||||
|(VI )Special|||||||
|reserves|||||||
|1. Provided this|||||||
|year|||||||
|2．Used this term|||||||
|（VII）Other|||||||
|IV. Balance at the|||||||
|end of this term|||||||
|(V) Special|||||||
|reserves|||||||
|1. Provided this|||||||
|year|||||||
|2．Used this term|||||||
|（VI）Other|||||||
||119,37|||-935,25|||
|IV. Balance at the||958,575|125,686||1,220,2|269,603|
||5,000.|||3,002.6|||
|end of this term||,094.29|,000.00||85.74|,377.39|
||00|||4|||

8. Statement of change inowner’s Equity of the Parent Company
Amount in this period
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||Amount in this period|||||||||||
|||Other Equity instrusment||||||||||
||||||||Other|||||
|||||||Less:|||||Total of|
|Items|Share||||Capital||Compreh|Specialize|Surplus|Attribut||
||cpaital|preferre|Sustain|Other|reserves|Shares in|ensive|d reserve|reserves|able|owners’|
|||d stock|able|||stock||||profit|equity|
||||||||Income|||||
||||debt|||||||||
|||||||||||-1,016,3||
||119,375,||||958,575,0||||125,686,0||187,306,0|
|||||||||||30,071.||
|I.Balance at the|000.00||||94.29||||00.00||22.91|
|||||||||||38||
|end of last year||||||||||||
|Add: Change of||||||||||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||||||
|-|-|-|-|-|-|
|accounting||||||
|policy||||||
|Correcting of||||||
|previous errors||||||
|Other||||||
|II.Balance at the||||-1,016,3||
||119,375,|958,575,0|125,686,0||187,306,0|
|beginning of||||30,071.||
||000.00|94.29|00.00||22.91|
|current year||||38||
|III.Changed in the||||7,797,7|7,797,751|
|current year||||51.20|.20|
|（1）Total||||||
|||||7,797,7|7,797,751|
|comprehensive||||||
|||||51.20|.20|
|income||||||
|（II）Investment or||||||
|decreasing of||||||
|capital by owners||||||
|1．Ordinary Share||||||
|s invested by hareh||||||
|olders||||||
|2．Holders of oth||||||
|er equity instrume||||||
|nts invested capital||||||
|3．Allotment to the||||||
|owners (or||||||
|shareholders)||||||
|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||||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||||||
|-|-|-|-|-|-|
|to capital shares)||||||
|2. Capitalizing of||||||
|surplus reserves||||||
|(or to capital||||||
|shares)||||||
|3．Making up||||||
|losses by surplus||||||
|reserves.||||||
|4. Other||||||
|(V) Special||||||
|reserves||||||
|1. Provided this||||||
|year||||||
|2．Used this term||||||
|（VI）Other||||||
|||||-1,008,5|195,103,774.11|
|IV. Balance at the|119,375,|958,575,0|125,686,0|||
|||||32,320.||
|end of this term|000.00|94.29|00.00|||
|||||18||

Amount in last year
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||Amount in last year|||||||||||
|||Other Equity instrusment||||||||||
||||||||Other|||||
|||||||Less:|||||Total of|
|Items|Share||||Capital||Compreh|Specialize|Surplus|Attribut||
||Capital|preferre|Sustain|Other|reserves|Shares in|ensive|d reserve|reserves|able|owners’|
|||d stock|able|||stock||||profit|equity|
||||||||Income|||||
||||debt|||||||||
|||||||||||-1,015,1||
||119,375,||||958,575,0||||125,686,0||188,482,8|
|||||||||||53,268.||
|I.Balance at the|000.00||||94.29||||00.00||25.30|
|||||||||||99||
|end of last year||||||||||||
|Add: Change of||||||||||||
|accounting||||||||||||
|policy||||||||||||
|Correcting of||||||||||||
|previous errors||||||||||||
|Other||||||||||||
|II.Balance at the||||||||||-1,015,1||
||119,375,||||958,575,0||||125,686,0||188,482,8|
|beginning of||||||||||53,268.||
||000.00||||94.29||||00.00||25.30|
|current year||||||||||99||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|III.Changed in the|-1,176,8|-1,176,80|
|current year|02.39|2.39|
|（1）Total|||
||-1,176,8|-1,176,80|
|comprehensive|||
||02.39|2.39|
|income|||
|（II）Investment or|||
|decreasing of|||
|capital by owners|||
|1．Ordinary Share|||
|s invested by hareh|||
|olders|||
|2．Holders of oth|||
|er equity instrume|||
|nts invested capital|||
|3．Allotment to the|||
|owners (or|||
|shareholders)|||
|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. Other|||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||||||
|-|-|-|-|-|-|
|(V) Special||||||
|reserves||||||
|1. Provided this||||||
|year||||||
|2．Used this term||||||
|（VI）Other||||||
|||||-1,016,3||
|IV. Balance at the|119,375,|958,575,0|125,686,0||187,306,0|
|||||30,071.||
|end of this term|000.00|94.29|00.00||22.91|
|||||38||

III.Corporate information
Chongqing Jianshe Motorcycle Co., Ltd. (hereinafter referred to as the "Company", "Company" or "Chongqing Jianshe Motorcycle ") was jointly set up in July 1995 by the Construction Industry (Group) Co., Ltd. and China North Industries Shenzhen Corporation. The company now holds a unified social credit code for the 915000007474824231 business license, The Company was listed in July 1995 at the Shenzhen Stock Exchange. The Company is engaged in the manufacturing industry.
As at December 31, 2016, 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: Li Huaguang. 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 parent company and the actual controller of the Company is China South Industries Group Corporation, and the ultimate controller of the Company is the State-owned Assets Supervision and Administration Commission (SASAC).
The disclosure of the financial statements was approved by the Board of Directors on August 25,2017.
As at June 30, 2017, the subsidiaries included in the scope of consolidated financial statements of the Company are presented as set out below:
Name of the subsidiary
Chongqing Jianshe Automobile A/C Co., Ltd.
Shanghai Jianshe Motorcycle Co., Ltd.
See "Note 8 Change in the scope of consolidation" and "Note 9 Interests in other entities" for details of scope consolidated financial statements and the change therein.
IV.Basis of preparation for financial statements
1.Basis of preparation
The Company prepares the financial statements on the basis of going concern, according to actual transactions and events, 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.
2.Going concern
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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:
The disclosure as set out below cover the specific accounting policies and accounting estimates developed by the Company in accordance with the actual production and management features. See "Note 3.11 Provision for bad debts of accounts receivables, "Note 3.12 Inventories", "Note 3.16 Fixed assets", "Note 3.19 Intangible assets" and "3.25 Revenues" for details.
1.Statements on Compliance with Accounting Standards for Business Enterprises
The financial statements prepared by the Company meet the requirements of the Accounting Standards for Business Enterprises and truly and completely reflect theCompany’s financial position, operating results and cash flows, etc. for the reporting period.
2.Accounting period
The accounting year is from January 1 to December 31.
3.Operating cycle
The Company has an operating cycle of 12 months.
4.Functional currency
The functional currency is Renminbi.
5.Accounting treatments of the combination of enterprises under common control and the combination of enterprises not under the common control
Business combination under common control: The assets and liabilities acquired by the Company in a business combination are stated at the book value of the assets and liabilities (including the goodwill arising from the acquisition of the acquiree by the ultimate controller) of the acquiree on the combination date. The stock premium in the capital reserve is adjusted according to the difference between the book value of net assets acquired through combination and the book value of consideration paid for the combination (or total par value of shares issued). If the stock premium in the capital reserves is insufficient to cover the difference, the remaining amount shall be charged against retained earnings.
Combination of enterprises not under the common control: The assets paid and liabilities incurred or assumed by the Company on the acquisition date for the business combination are measured at their fair values, and the difference between the fair value and book value is charged to the current profit or loss. The Company shall recognize the difference of the combination costs in excess of the fair value of the identifiable net assets acquired from the acquiree as goodwill. The difference of the combination costs in short of the fair value of the identifiable net assets acquired from the acquiree is charged to the current profit and loss after review.
The intermediary service charges incurred for audit, legal service, consulting services and other direct relevant expenses are charged to the current profit and loss; the transaction costs incurred for issuance of equity securities for business combination offest the equities.
6.Preparation of consolidated financial statements
1.Scope of consolidation
The scope of consolidated financial statements is determined on the basis of control, and all subsidiaries (including the divisable portion of the investee under the control of the Company) are included in the consolidated financial statements.
2.Combination procedures
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 The Company prepares the consolidated financial statements on the basis of the financial statements of itself and its subsidiaries, according to other relevant information. When preparing the consolidated financial statements, the Company regards the whole group as an accounting entity to reflect the overall financial position, operating results and cash flow of the Group, in accordance with requirements of relevant accounting standards for the recognition, measurement and presentation, on the basis of the uniform accounting policies.
The accounting polidies and accounting period adopted by the subsidiaries included in the scope of consolidated financial statements are in line with those adopted by the Company. In case any disrepancy between the accounting policies and accounting period adopted by the subsidiary and those adopted by the Company, the adjustment will be made in light of the accounting policies and accounting period adopted by the Company, when the consolidated financial statements are prepared.The financial statements of the subsidiary acquired through the combination of enterprises not under common control are adjusted on the basis of the fair value of the identifiable net assts on the acquisition date. The financial assets of the subsidiary acquired through the combination of enterprises under the common control are adjusted on the basis of the book value of the assets and liabilities (including the goodwill arising from the acquisition of such subsidiary by the ultimate controller) as stated in the financial statements of the ultimate controller.
The owners' equities, current net profit or loss and current comprehensive income attributable to minority shareholders are separately presented under the owners' equities item of the consolidated balance sheet, net profit item and total comprehensive income item of the consolidated income statement, respectively. Where the current losses attributable to minority shareholders of the subsidiary exceed the owners' equities attributable to the same at the period beginning, the difference between them will offset the minority equity.
(1) Increase of the subsidiary or business
In case of increase of subsidiary or business as a result of combination of enterprises under common control during the reporting period, the beginning amount stated in the consolidated balance sheet will be adjusted; the income, expense and profit generated from the subsidiary or business from the beginning of the period of combination to the end of reporting period will be included in the consolidated statement of cash flows, with the adjustment made to the relevant items of the comparative statement, as if the reporting entity after the combination still existed from the beginning of control of the ultimate controller.
Where the additional investment or other reason leads to the control over the investee under the common control, all entities considered to take a part in the combination will be adjusted to the extent that they are in the current status as they come to be under the control of the ultimate controller. The retained earnings or the current profit or loss at the period beginning during the statement period are offset by equity investment held before the control over the mergee is obtained, and the equity investments held before the control over the acquiree is obtained, and the related profit or loss, other comprehensive income and change in other net assets that are recognized during the period which starts on the later of the date when the original equities are obtained and the date when both merger and mergee are under the common control and ends on the combination date, respectively.
In case of increase of subsidiary or business during the reporting period as a result of combination of enterprises not under the common control, the beginning amount stated in the consolidated balance sheet will not be adjusted; the income, expense and profit generated from such subsidiary or business from the acquisition date to the end of reporting period will be included in the consolidated income statement; and the cash flow generated from such subsidiary or business from the acquisition date to the end of reporting period will be incldued in the consolidated statement of cash flows.
Where the additional investment or other reason leads to the control over the investee not under the common control, the equities of the mergee held before the acquisition date will be remeasured at the fair value of such equities on the acquisition date, and the difference between the fair value and book value thereof will be charged to the current investment income. Where the equities of the acquiree held before the acquisition date involves the change in other comprehensive income or in other owners' equities other than the net profit or loss, other comprehensive income and profit distribution, the change in other comprehensive income or other owners' equities will be converted into tthe investment income for the period covering the acquisition date, except for the other comprehensive income arising from the change on remeasurement of the net liabilities or net assets under the defined benefit plan by the investee.
(2) Disposal of the subsidiary or business
a. General method of treatment
In case of treatment of subsidiary or business during the reporting, the the income, expense and profit generated
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 from such subsidiary or business from the period beginning to the disposal date will be included in the consolidated income statement; and the cash flow generated from such subsidiary or business from the period beginning to the disposal date will be incldued in the consolidated statement of cash flows.
Where the control over the investee is lost due to the disposal of some of equity investments or other reasons, the remaining equity investment after disposal will be re-measured at fair value on the day when the control is lost.The sum of the consideration received for disposal of equities and the fair value of the remaining equities, less the difference between the net assets of the former subsidiary of which the continuous calculation starts from the acquisition date or combination date and the goodwill, should be charged to the investment income for the period during which the control is lost.Changes in other comprehensive income related to the equity investment in the former subsidiary or in owners' equities other than the net profit or loss, other comprehensive income and profit distribution are converted into the current investment income upon the loss of control, except for the other comprehensive income arising from the change on remeasurement of the net liabilities or net assets under the defined benefit plan by the investee.
b. Disposal of subsidiary by stages
In case of disposal of investment in the equity of subsidiary by stages through a number of transactions, such transactions will be treated as a package deal, provided that the terms and conditions on and the economic effect of the equity investment in the subsidiary meet one of more of the following conditions:
ⅰ. These transactions are entered into considering their effects are considered;
ⅱ. These transactions can lead to a complete business result as a whole;
ⅲ. The occurrence of a transaction depends on the occurrence of at least one of others; and
ⅳ. A single transaction is deemed uneconomical, but the economical efficiency can be seen when it is put together with other transactions;
Where the transctions involved in the disposal of the equity investment in the subsidiary are package deals, the Company will treat each transaction as the one involved in the disposal of the subsidiary with loss of control; however, the difference between the consideration for each disposal before the loss of control and the net assets of such subsidiary corresponding to the disposal of investment will be recognized as other comprehensive income in the consolidated financial statements, and will be transferred to the loss or profit for the period during which the control is lost, upon the loss of control.
Where the transctions involved in the disposal of the equity investment in the subsidiary are not package deals, these transactions will be treated according to the policies on the disposal of part of the equity investments in the subsidiary without loss of control, before the loss of control; or treated in the general treatment method of disposa of subsidiary, upon the loss of control.
(3) Acquisition of minority equity of subsidiary
The stock premium under the capital reserve in the consolidated balance sheet is adjusted at the difference between the long-term equity investment newly acquired as a result of acquisition of minority equity and the net assets of the subsidiary attributable to the Company, of which the continuous calculation starts from the acquisition date (or combination date); and the retained earnings will be adjusted if the stock premium under the capital reserve is insufficient as to the offset.
(4) Disposal of part of the equity investments in the subsidiary without loss of control
The stock premium under the capital reserve in the consolidated balance sheet is adjusted at the difference between the consideration received for the disposal of part of the long-term equity investments in the subsidiary without loss of control and the net assets of the subsidiary attributable to the Company, of which the continuous calculation starts from the acquisition date (or combination date); and the retained earnings will be adjusted if the stock premium under the capital reserve is insufficient as to the offset.
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 7.Classification and accounting treatment of joint venture arrangement
Joint venture arrangement is classified into joint operation and joint ventures.
In terms of the joint operation, the Company is the joint venturer under the joint venture arrangement and is entitled to the assets and bear the liabilities under such arrangement.
The Company recognizes the following items in relation with the share of interest in the joint operation, and conducts the accounting treatment of the the said items according to the provisions of Accounting Standards for Enterprises:
(1) Recognition of the assets held separately by the Company and of the assets held by the Company jointly others in proportion;
(2) Recognition of the liabilities separately borne by the Company and of the liabilities borne by the Company jointly others in proportion;
(3) Recognition of proportioned income generated attributable to the Company as one of the co-operators; (4) Recognition of income generated fattributible to the Company as one of the co-sellers;
(5) Recognition of the expenses incurred separately and the proportioned expenses incurred by the Company as one of the co-opeartors.
See "Note 3.14 Long-term equity investments" for detailed of accounting policies on the investment of the Company in joint ventures.
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.
9.Foreign currency business and foreign currency translation
1.Foreign currency business:
Transactions denominated in foreign currency are translated into RMB for accounting purpose at the spot exchange rate on the day when the transaction occurs.
The balances of foreign currency monetary items are converted at the spot exchange rate prevailing on the balance sheet date. The exchange differences arising from the conversion, other than those arising from specific-purpose borrowings in foreign currencies related to acquisition and construction of assets eligible for capitalization, which shall be measured in accordance with principle of capitalization of the borrowing costs, shall be charged to the current profit or loss.
2.Translation of financial statement denominated in foreign currency
The asset and liability items in the balance sheet shall be converted at the spot exchange rates prevailing on the balance sheet date. Except retained profit, theowners’ equity items shall be converted at the spot exchange rates on the occurrence date.The income and expense items in the income statement shall be converted at the spot exchange rates which are determined by systematic and reasonable methods and similar to the spot exchange rate on the date of occurrence of transaction.
On disposal of a foreign operation, the difference arising from the converstion of financial statements denominated in foreign currency and related to such foreign operation should be transferred to the current gain or loss on disposal, from the owners' equities.
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 10.Financial instruments
Financial instruments include financial assets, financial liabilities and equity instruments.
1 Classification of financial instruments
Upon the initial recognition, fFinancial assets and liabilities are classified into the following categories according to the purpose of acquisition: the financial assets or financial liabilities measured at fair value through current profit and loss, including financial assets or financial liabilities held for trading (and those financial assets or financial liabilities directly designated under this category), held-to-maturity investments, receivables, financial assets available for sale and other financial liabilities, etc.
2.Recognition and measurement of financial instruments
(1) Financial assets (financial liabilities) measured at fair value through current profit and loss
Financial assets (financial liabilities) are initially stated at fair values when acquired (deducting cash dividends that have been declared but not distributed and bond interests that have matured but not been drawn), and relevant transaction expenses are included in the current profit and loss.
The interests or cash dividends to be received during the holding period are recognized as investment income. Change in fair values is included in the current profit and loss at the end of the period.
Upon the disposal, the difference between the fair value and initial book-entry value is recognized as investment income upon disposal; meanwhile, adjustment is made to gains or losses from changes in fair values.
(2) Held-to-maturity investments
Held-to-maturity investments are initially recorded at fair values when acquired (deducting cash dividends that have been declared but not distributed and bond interests that have matured but not been drawn).
The interest income is calculated and recognized at amortized cost and effective interest rates (or the nominal interest rate, if there is small difference between the effective interest rate and the nominal interest rate) and is charged to the investment income. The effective interest rates are determined upon acquisition and remain unchanged during the expected remaining period, or a shorter period if applicable.
Difference between the proceeds and the book value of the investment is recognized as investment income upon disposal.
(3) Accounts receivable
Forcreditor’s rights receivable arising from external selling commodities or providing service by the Company and other creditor's rights in respect of liability instruments of other enterprises (excluding those quoted in an active market) held by the Company, including accounts receivable, other receivables, notes receivables, prepayments, long-term receivables etc., the initial recognition amount shall be the contract price or agreed price receivable due from purchasing party. The initial amount of the accounts receivable with financing nature are recognized based on the present value.
The difference between the amount obtained and the book value of the accounts receivable is included in current profit and loss upon recovery or disposal.
(4) Available-for-sale financial assets
Available-for-sale financial assets are initially recorded at the sum of fair values (deducting cash dividends that have been declared but not distributed and bond interests that have matured but not been drawn) and transaction costs when acquired.
The interests or cash dividends to be received during the holding period are recognized as investment income. Available-for-sale financial assets are measured at fair value at the end of the period, and changes in fair value are included in the capital reserves (other capital reserves). those equity instrument investments not quoted in an active market and whose fair value cannot be reliably measured, and the derivative financial assets linked to and settled by way of delivery of such equity investments are measured at the cost.
Difference between the proceeds and the book value of the financial assets is recognized as gain or loss on investment upon disposal; meanwhile, amount of disposal corresponding to the accumulated change in fair value which is originally and directly included in theowners’ equity shall be transferred out and charged to the current gains or losses.
(5) Other financial liabilities
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 Other financial liabilities are initially recognized at the sum of fair value and transaction expenses. The subsequent measurement is based on amortized costs. They are subsequently measured at amortized cost.
3.Recognition and measurement for transfer of financial assets
If the Company has transferred nearly all of the risks and rewards relating to the ownership of the financial assets to the transferee, they shall be derecognized. If it retains nearly all of the risks and rewards relating to the ownership of the financial assets, they shall not be derecognized.
In judging whether the transfer of a financial asset meets the above requirements of derecognizing financial assets, the principle of substance over form is adopted. The Company divides the transfer of a financial asset into entire financial asset transfer and partial transfer. As for the entire financial asset transfer which is qualified for derecognition, the difference between the following two amounts is recognized in the current profit and loss: The Company divides the transfer of a financial asset into entire financial asset transfer and partial transfer. As for the entire financial asset transfer which is eligible for derecognition, the difference between the following two amounts is recognized in the current profit and loss:
i) Book value of the transferred financial assets;
ii) Sum of the price received from the transfer with the cumulative change in the amount of fair value directly recorded in the originalowners’ equity (involving the case when the transferred financial assets are those available for sale).
As for the partial financial assets transfer which are eligible for derecognition, the whole book value of the transferred financial assets should be apportioned in accordance with their respective relative fair value between the derecognized parts and the recognized parts; and the difference between the following two amounts is recognized in the current profit and loss:
(i) book value of the derecognized parts;
(ii) sum of the consideration received from the derecognized parts with the amount of the derecognized parts corresponding to the cumulative changes in the amount of fair value directly included in the originalowners’ equity (involving the case when the transferred financial assets are those available for sale).
If the transfer of financial assets does not satisfy requirements for derecognition, the financial assets shall continue to be recognized, and the consideration received will be recognized as financial liabilities.
4.Conditions for derecognition of financial liabilities
Financial liabilities shall be entirely or partially derecognized if the present obligations derived from them are entirely or partially discharged. Where the Company enters into an agreement with a creditor so as to substitute the current financial liabilities with new ones, and the contract clauses of which are substantially different from those of the current ones, it shall recognize the new financial liabilities in place of the current ones.
If material amendments have been made to all or part of contract terms of current financial liabilities, all or part of current financial liabilities are derecognized, and the financial liabilities with amended terms are recognized as new financial liabilities.
Upon entire or partial derecognition of financial liabilities, differences between the carrying amounts of the derecognized financial liabilities and the consideration paid (including non-monetary assets surrendered or new financial liabilities assumed) are charged to profit or loss for the current period.
If the Company repurchases part of financial liabilities, it shall distribute, on the repurchase day, the whole book value of the financial liabilities in accordance with the relatively fair value between the part to be recognized continuously and the part to be derecognized. The balance between the book value distributed to the part which has been derecognized and the consideration paid to it (including non-cash assets which have been transferred out or the new financial liabilities it assumed), shall be included in current profit and loss.
5.Recognition of fair values of financial assets and financial liabilities
The fair value of the financial instrument with an active market is determined based on the quotation in the active market. The fair value of the financial instrument without an active market is determined using valuation techniques. In terms of the estimation, the estimation technology which is applicable in the current circumstance and supported by enough available data and other information is adopted and the input value which is similar to
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 the features of assets and liabilities and taken into account of by the market participants in the transaction of relevant assets or liabilities are selected by the Company, which give priority in use of the relevant observable value. The unobservable value is used only when the relevant observable value cannot be obtained or is impracticable.
6.Testing and accounting treatment of financial assets (excluding accounts receivable)
Except for the financial assets measured at fair values through current profit and loss, the book value of financial assets on the balance sheet date should be checked. If there is objective evidence that a financial asset is impaired, provision for impairment shall be made.
(1) Provision for impairment of available-for-sale financial assets:
If the fair values of available-for-sale financial assets have significantly declined at the period end, or it is expected that the trend of decreases in values is non-temporary after consideration of all the relevant factors, impairment shall be recognized, and the accmulated loss on decreases in fair values previously charged directly to capital reserves are reversed and recognized as impairment loss.
For available-for-sale debt instruments whose impairment losses have been recognized, if their fair values rise in the subsequent accounting period and such rise is objectively related to the matters occurring after the recognition of impairment loss, the previously recognized impairment loss shall be reversed and recorded into the current profit and loss.
Impairment losses on available-for-sale equity instruments shall not be reversed through profit or loss.
(2) Provision for impairment of held-to- maturity investments:
Measurement of provisions for impairment loss on held-to-maturity investments is similar to that applicable to provisions for impairment loss on receivables.
11.Account receivable
(1) Bad debt provision on receivable accounts with major amount individually
|||
|-|-|
|Basis of recognition or standard amountof individual account with large amount||
||Individual account receivable over 5 millions, other individual receivable over 3 millions|
||For large amount receivable accounts which been proved with solid evidence to impair,|
||the difference between the future cash flow and its book value shall be provided as bad|
|Basis of bad debt provision||
||debt provision.For large amount receivable accounts which was tested not impaired, bad|
||debt provision shall be provided on age analyse basis.|

(2) Accounts receivable with provision for bad debts accrued by credit risk features portfolio
|||
|-|-|
|Name|Basis of bad debt provision|
|Accounts receivable without provision for bad debt|Age analysis method|

In Group ,Accounts on age basis in theportfolio：
√ Applicable□ Not applicable
||||
|-|-|-|
||Proportion of provision for accountsreceivable (%)|Provision for bad debt of other receivables|
|Aging|||
|||( % )|
|Within 6 months(including 6 months)|0.00%|0.00%|
|6－12 months|5.00%|5.00%|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|1－2 years|10.00%|10.00%|
|2－3 years|30.00%|30.00%|
|3－4 years|50.00%|50.00%|
|4－5 years|80.00%|80.00%|
|Over 5 years|100.00%|100.00%|

 Receivable accounts on which had debt provisions are provided on percentage analyze basis in a portfolio□Applicable√Not applicable
Receivable accounts on which had debt provisions are provided by other ways in the portfolio
□Applicable√Not applicable
(3)Account receivable with non-material specific amount but specific bad debt preparation
|||
|-|-|
||Reasons for individual provision for bad debts: If there is any|
||clear evidence indicating that the receivables cannot or are|
||unlikely to be recovered, for example, the bankruptcy,|
||insolvency, insufficient cash flow of the debtor, or the insolvency|
|Reasons of Withdrawing Individual Bad Debt Provision|in a short time due to the production halt resulting from the|
||severe natural disaster, or the accounts receivable may be|
||exposed to risk as indicated by other evidence, the individual|
||provision for bad debt will be made.|
||Method of provision for bad debt: The provision for bad debt is|
||individually recognized at the difference between the book value|
||and the present value of estimated future cash flow. Method of|
|Withdrawing Method of Bad Debt Provision||
||provision for bad debt: The provision for bad debt is individually|
||recognized at the difference between the book value and the|
||present value of estimated future cash flow.|

12. Inventories
Whether the company needs to comply with the disclosure requirements of the particular industry
No
1.Classification of inventories
Inventories are classified into: raw materials, revolving materials, consigned processing materials, low-cost consumables, packaging materials, stock commodities, goods in progress, semi-finished goods, finished goods, etc.
2.Valuation of dispatched inventories
The inventories dispatched are measured by weighted average method.
3.Basis for determination of net realizable value of different categories of inventories
Net realizable values of merchandise inventories held directly for sale, such as finished goods, merchandise
inventories, and available-for-sale materials, are measured at the estimated selling prices less estimated sales
expenses and relevant taxes and surcharges in the normal production process. Net realizable values of material
inventories which need further processing are measured at the estimated selling prices less the estimated costs of
completion, estimated sales expenses and relevant taxes and surcharges in the normal production process. Net
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 realizable values of inventories held for the purpose of fulfillment of sales contracts or service contracts should be calculated on the basis of the contract prices; if the quantity of inventories held exceeds that stated in the contract, the net realizable values of the excessive part should be calculated on the basis of normal selling prices.
The Company shall make provisions for impairment loss on diminution in value of inventories on an individual basis at the year end. For inventories with large quantities and relatively low unit prices, the provisions for loss on diminution in value of inventories shall be made on a category basis. For the inventories related to the product portfolios manufactured and sold in the same area, and of which the final usage or purpose is identical or similar thereto, and which is difficult to separate from other items for measurement purposes, the provisions for impairment loss on diminution in value of inventories may be made on a portfolio basis.
The net realizable value of inventory items is determined based on the market price on the balance sheet date, unless there is clear evidence that the market price is abnormal on the balance sheet date.
The net realizable value of inventory items as at the end of the period is determined based on the market price on the balance sheet date.
4.Inventory system
The perpetual inventory system is adopted.
5.Amortization of low-cost consumables and packaging materials
(1) Low-cost consumables are amortized under the lump-sum method;
(2) Packing materials are amortized under the lump-sum method.
13 .Assets classified as held-for-sale assets
The component (or non-current asset) will be recognized as the thing held for sale, if all the following conditions are met at the same time:
(1) Such component can be sold as it is, in accordance with the usual terms on its sales;
(2)The Company has been an integral part of the disposal of the (non-current assets) made a resolution, such as the need to obtain the required shareholder approval, has the approval of the shareholders' meeting or the appropriate authority;
(3)The Company has signed an irrevocable transfer agreement with the transferee;
(4)Such transfer will be completed within one year.
14.Long-term equity investment
1.Judgment criteria of joint control or effect of material impact
Common control refers to the control shared over an arrangement in accordance with the relevant stipulations, and the decision-making of related activities of the arrangement should not be made before the party sharing the control right agrees the same. Where the Company exercises common control over the investee together with other parties to the joint venture and enjoys the right on the investee's net assets, the investee is a joint venture of the Company.
Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those polices. Where the Company has significant influences on an investee, the investee shall be an associate of the Company.
2.Determination of initial investment cost
(1) Long-term equity investment acquired from business combination
For business combination under common control: If the Company makes payment in cash, transfers non-cash assets or bears debts and issues equity securities as the consideration for the business combination, the share of
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 owners' equity of the acquiree obtained on the combination date in the book value of the ultimate controller's consolidated financial statement is recognized as the initial cost of the long-term equity investment. Where additional investment or other reasons make the control over the investee under the same control possible, the initial investment cost of the long-term equity investments is measured at the share of net assets of the acquiree on the combination date in the book value of the ultimate controller's consolidated financial statements. The stock premium is adjusted according to the difference between the initial cost of long-term equity investments on the combination date and the sum of the book value of long-term equity investments before combination and the book value of the consideration further paid for obtaining shares; if there is no sufficient share premium for write-downs, the retained earnings are offset.
For business combination not under common control: the Company recognizes the combination cost determined on the combination date as the initial cost of long-term equity investment. Where additional investment, or other reasons make the control over the investee not under the same control possible, the initial investment cost under the cost method will be the sum of the book value of the equity investments previously held and the newly increased investment costs.
(2)Long-term equity investment acquired by other means
The initial costs of a long-term equity investments obtained by payments of cash shall be the purchase prices actually paid.
The initial costs of long-term equity investments in equity securities shall be stated at their fair values.
If the exchange of non-monetary assets has commercial substance and the fair values of assets traded out and traded in can be measured reliably, the initial cost of long-term equity investment traded in with non-monetary assets are determined based on the fair values of the assets traded out unless there is any conclusive evidence that the fair values of the assets traded in are more reliable; if the exchange of non-monetary assets does not meet the above criteria, the book value of the assets traded out and the relevant taxes and surcharges payable are recognized as the initial cost of long-term equity investment traded in.
The initial costs of long-term equity investments arising from debt restructuring shall be stated at their fair values. 3.Subsequent measurement and recognition of profit or loss
(1) Long-term equity investment calculated under the cost method
The Company applies cost method to account for the long-term equity investments of subsidiaries. Except for the price actually paid upon acquisition or the cash dividends or profit included in the price that are declared but not yet paid, the Company recognizes investment income for the current period at the share of the cash dividends or profits declared and released by the investee.
(2)Long-term equity investment calculated under the equity method
Long-term equity investments in associates and in joint ventures are accounted for under the equity method. If the cost of initial investment is in excess of the proportion of the fair value of the net identifiable assets in the investee when the investment is made, the difference will not be adjusted to the initial cost of long-term equity investment; if the cost of initial investment is in short of the proportion of the fair value of the net identifiable assets in the investee when the investment is made, the difference will be included in the current profit and loss.
The Company recognizes the investment income and other comprehensive income according to the net gain or loss and other comprehensive income of the investee attributable to the Company, and adjusts the book value of long-term equity investment; reduces the book value of long-term equity investments according to the profit or cash dividends declared by the investee and attributable to the Company; and adjusts the book value of the long-term equity investments in the investee, as to the change in owners' equities other than the net gain or loss, other comprehensive income and profit distribution of the investee, and charges the same to the owners' equities. When the share in net profit and loss of the investee is recognized, the fair value of the identifiable net assets of the investee when the investment is obtained shall be taken as a basis and the share will be determined after the net profit is adjusted in accordance with the Company's accounting policies and accounting periods. During the period of holding the investment, if the investee is capable of providing consolidated financial statements, the profit or loss shall be measured based on the net profit and other changes in equity recorded in the consolidated financial statements.
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 The profit and loss of the internal transactions that are not realized arising among the Company, affiliated enterprises, and joint ventures will be offset at the part attributable to the Company and the investment income will be recognized on that basis. For internal trading losses that have not occurred with the investee, they will be fully recognized if they belong to the asset impairment losses. The trading of assets between the Company and its associates or joint ventures, which constitutes business, are treated according to the policies disclosed in "Note 3.5 Accounting Treatment of Combination of enterprises under common control and enterprises not under common control" and "Note 3.6 Preparation of consolidated financial statements".
When the Company confirms that it should share losses of the investee, treatment shall be done in following sequence: Firstly, the book value of the long-term equity investment shall be reduced. Secondly, where the book value is insufficient to cover the share of losses, investment losses are recognized to the extent of book value of other long-term equity which form net investment in the investee in substance and the book value of long term receivables shall be reduced. finally, after all the above treatments, if the Company is still responsible for any additional liabilities in accordance with the provisions stipulated in the investment contracts or agreements, estimated liabilities are recognized and included into current investment loss according to the obligations estimated to undertake.
(3)Disposal of long-term equity investment
Upon disposal, the difference between the book value and the price obtained is recognized in current profit and loss.
Disposal of long-term equity investments accounted for under the equity method, which is previously charged to other comprehensive income is treated in proportion on the same basis for direct disposal of relevant assets of liabilities by the investee. Owner's equities recognized arising from change in other owners' equities other than net gain or loss, other comprehensive income and profit distribution of the investee are carried forward to the current profit or loss in proportion, except for the other comprehensive income arising from the change on re-measurement of the net liabilities or net assets under the defined benefit plan by the investee.
In case of loss of common control over or material impact on the investee due to the disposal of part of the equity investments, the remaining equity after the disposal are computed according to the principles for recognition and measurement of financial instruments, and the difference between the fair value and book value on the day of loss of common control or material impact is charged to the current profit or loss. For other comprehensive income that is recognized from original equity investment by using the equity method, the accounting treatment will be made on the basis the same as that for the direct disposal of related assets and liabilities with the investee when the equity method is terminated for accounting purpose. Owner's equities recognized arising from change in other owners' equities other than net gain or loss, other comprehensive income and profit distribution of the investee are entirely transferred to the current profit or loss when the accounting under the equity method is ended.
In case of loss of common control over or material impact on the investee due to the disposal of part of the equity investments, the remaining equity after the disposal are computed under the equity method, with the adjustment made as if such remaining equities are calculated under the equity method after they are obtained, when the separate financial statement is prepared; the remaining equities after disposal leading to the incapable exercise of common control over or material impact on the investee shall be treated according to the principles for recognition and measurement of financial instruments, and the difference between the fair value and book value on the day of loss of common control or material impact is charged to the current profit or loss.
If the equities disposed were obtained from the business merger by reason of additional investment or others, and the remaining equities after disposal are calculated under the cost method or equity method when the individual financial statement is prepared, other comprehensive income and other owners' equities recognized and arising from the calculation of the equity investment held before the acquisition date under the equity method will be carried forward in proportion; if the remaining equities after disposal are treated according to the principles for recognition and measurement of financial instruments, both of other comprehensive income and other owners' equities are entirely carried forward.
15. Investment property
The measurement mode of investment property
The measurement by the cost method
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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 adopts cost model to measure all current investment properties. The Company adopts the same depreciation policy for the investment property measured at cost model building for renting as that for theCompany’s fixed assets and the same amortization policy of land use right for renting as that for theCompany’s intangible assets.
16.Fixed assets
（1） Criteria for recognition of fixed assets
Fixed assets refer to tangible assets held for the purpose of producing commodities, providing services, renting or business management with useful lives exceeding one accounting year. Fixed assets will only be recognized when all the following criteria are satisfied: Fixed assets will only be recognized when all the following criteria are satisfied:
(1) It is probable that the economic benefits relating to the fixed assets will flow into the Company; and
(2)The costs of the fixed asset can be measured reliably.
（2）Depreciation method
||||||
|-|-|-|-|-|
||The method for|Expected useful life|||
|Category|||Estimated residual value|Depreciation|
||depreciation|（Year）|||
|Buildings and|Straight-line method||||
|||25-35|3|2.77-3.88|
|constructions|||||
||Straight-line method|7-15|3|6.47-13.86|
|Machinery equipment|||||
|Transportation|Straight-line method||||
|||8-10|3|9.70-12.13|
|equipment|||||
||Straight-line method|5-10|3|9.70-19.40|
|Other equipment|||||
||Straight-line method||||

（3）Basis for recognition and measurement of fixed assets acquired under the finance lease
The fixed assets acquired under financing lease are recognized if one of the following conditions is specified by the Company and the leaser in their lease agreement:
(1)The ownership of the leased assets is transferred to the Company by the end of the lease terms;
(2)The Company has the option to purchase the assets at prices which are expected to be sufficiently lower than fair values at the date the option becomes exercisable that, at the inception of the leases, it is reasonably certain that the option will be exercised;
(3)The lease terms cover the major part of the economic lives of the assets, even if titles are not transferred; (4) At the inception of the leases, the present values of the minimum lease payments amount to at least substantially all of the fair values of the leased assets. On the lease commencement date, the book-entry value of
a fixed asset acquired under financing lease is measured at theasset’s fair value or the present value of the
minimum lease payment, whichever is the lower. The minimum lease payment is recorded as the book-entry
value of the long-term payables, and the difference between them is deemed as the unrecognized financing
expenses.
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 17.Construction in progress
The book values of the construction in progress are stated at total expenditures incurred before reaching working condition for their intended use. For construction in progress that has reached working condition for intended use but relevant budgets for the completion of projects have not been completed, the estimated values of project budgets, prices, or actual costs should be included in the costs of relevant fixed assets, and depreciation should be provided according to relevant policies of the Company when working condition is reached. After the completion of budgets needed for the completion of projects, the estimated values should be substituted by actual costs, but depreciation already provided is not adjusted.
18.Borrowing costs
1.Principles for recognition of capitalization of borrowing costs
Borrowing costs include the interest on borrowings, the amortization of discount or premium, auxiliary expenses, exchange differences incurred by foreign currency borrowings, etc.
The borrowing costs incurred to the Company and directly attributable to the acquisition and construction or production of assets eligible for capitalization should be capitalized and recorded into asset costs; other borrowing costs should be recognized as costs according to the amount incurred and be included into current profit and loss. Assets eligible for capitalization refer to fixed assets, investment property, inventories and other assets which may reach their intended use or sale status only after long-time acquisition and construction or production activities. Borrowing costs may be capitalized only when all the following conditions are met at the same time:
(1)The asset disbursements have already incurred, which shall include the cash paid, non-cash assets transferred or interest bearing debts undertaken for the acquisition and construction or production activities for preparing assets eligible for capitalization;
(2)The borrowing costs has already incurred; and
(3)The acquisition and construction or production activities which are necessary to prepare the asset for its intended use or sale have already started.
2.Capitalization period of borrowing costs
Capitalization period refers to the period from commencement of capitalization of borrowing costs to its cessation; period of suspension for capitalization is excluded.
When the qualified asset under acquisition and construction or production is ready for the intended use or sale, the capitalization of the borrowing costs shall be ceased.
Where construction for assets purchased, constructed or manufactured eligible for capitalization is completed in stages, which can be used while construction of the other parts continues, capitalization of attributable borrowing costs should cease when substantially all of the activities necessary to prepare that part for its intended use or sale are complete.
Where construction for each part of assets purchased, constructed or manufactured has been completed separately but can be used or sold only after the entire assets have been completed, capitalization of attributable borrowing costs should cease at the completion of the entire assets.
3.Period of capitalization suspension
If the acquisition and construction or production activities of assets eligible for capitalization are interrupted abnormally and this condition lasts for more than three months, the capitalization of borrowing costs should be suspended; if the interruption is necessary for the acquisition and construction or production to prepare the assets for their intended use or sale, the capitalization of borrowing costs should continue. The borrowing costs incurred during interruption are recognized in the current profit and loss, and the capitalization of borrowing costs continues after the restart of the acquisition and construction or production activities of the assets.
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 4,Capitalization rate and measurement of capitalized amount of borrowing costs
As for special borrowings borrowed for acquiring and constructing or producing assets eligible for capitalization, the to-be-capitalized amount shall be determined at interest expense of special borrowing actually incurred in the current period less the interest income of the borrowings unused and deposited in bank or return on temporary investment.
As for general borrowings used for acquiring and constructing or producing assets eligible for capitalization, the to-be-capitalized amount should be calculated by multiplying the weighted average of asset disbursements of the part of accumulated asset disbursements exceeding special borrowings by the capitalization rate of used general borrowings. The capitalization rate is calculated by using the weighted average interest rate of general borrowings.
19. Biological assets
20. Oil-gas assets
21. Intangible assets
1 Pricing method, useful life and impairment test
(1) The Company initially measures intangible assets at cost on acquisition;
The costs of external purchase of intangible assets comprise their purchase prices, related taxes and surcharges and any other directly attributable expenditure incurred to prepare the asset for its intended use. If payments for the purchase of intangible assets are extended beyond the normal credit terms with financing nature, the costs of intangible assets are determined on the basis of present values of the purchase prices.
For intangible assets obtained from debtors in settlement of his liabilities in case of debt restructuring, they should be initially stated at their fair values. Differences between the book values and the fair values of the intangible assets are charged to profit or loss for the current period.
If the exchange of non-monetary assets has commercial substance, and the fair values of these assets can be measured reliably, the book-entry values of intangible assets traded in are based on the fair values of the intangible assets traded out unless there is any conclusive evidence that the fair values of the assets traded in are more reliable. If the exchange of non-monetary assets does not meet the above criteria, the costs of the intangible assets traded in should be the book values of the assets traded out and relevant taxes and surcharges paid, and no profit or loss shall be recognized.
(2) Subsequent measurement
The useful lives of the intangible assets are analyzed and determined on their acquisition.
As for intangible assets with limited useful life, straight-line amortization method is adopted in the period when the intangible assets generate economic benefit for enterprise; if the period when the intangible assets generate economic benefit for enterprise cannot be forecasted, the intangible assets shall be deemed as those with indefinite useful life and shall not be amortized.
2.Estimate of the useful life of the Intangible assets with finite useful lives:
The useful lives and amortization methods of intangible assets with limited useful lives are reviewed at each year end.
Upon review, the useful lives and amortization method of the intangible assets as at the end of the year were not different from those estimated before.
3.Basis for judgment of intangible assets with indefinite useful life and procedures for review of the life thereof The useful lives and amortization method of intangible assets with limited useful lives are reviewed at the end of
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 each period.
Upon review, the useful lives and amortization method of the intangible assets as at the end of the year were not different from those estimated before.
4.Specific criteria of classification into the research phase and the development phase
Expenditures on an internal research and development project shall be classified into expenditures on the research phase and expenditures on the development phase.
Research phase: Research is original and planned investigation, undertaken with the prospect of gaining new scientific or technical knowledge and understanding.
Development phase: Development is the application of research findings or other knowledge to a plan or design for the production of new or substantially improved materials, devices, or products before the start of commercial production or use.
5.Criteria for capitalization of qualifying expenditures during the development phase
Expenditures arising from development phase on internal research and development projects must be capitalized if the Company can satisfy all of the following criteria:
(1) It is technically feasible to finish intangible assets for use or sale;
(2) It is intended to finish and use or sell the intangible assets;
(3) the method that the intangible assets generate economic benefits, including existence of a market for products produced by the intangible assets or for the intangible assets themselves, shall be proved. Or, if to be used internally, the usefulness of the assets shall be proved;
(4) adequate technical, financial, and other resources are available to complete the assets, and the Company has the ability to use or sell the assets; and
(5) The expenditures attributable to the intangible assets during their development phase can be reliably measured.
If the above conditions are not satisfied, expenditures on the development phase shall be included in current profit and loss when they occur. Expenditures on the research phase shall be included in current profit and loss when they occur.
According to the Accounting Standards for Enterprises in combination with the actual situation of the Company, the period between the report on pre-study of project to the issuance of project assessment and examination report is defined as the research state, in which the expenditures incurred are expensed when incurred and charged to the current profit or loss.
In the development stage, research findings or other knowledge is applied to a plan or design for the production of new or substantially improved materials, devices, or products before the start of commercial production or use. This phase is equipped with the basic conditions for the formation of a new product or technology to a greater extent.
According to the actual situation of the Company, the period between the adoption of project assessment and examination with the assessment and examination report issued to the batched production is defined as the development stage. The project development expenditures will be capitalized, if the conditions for capitalization of development expenditures are met.
All expenditures incurred on research of application of basic techniques are classified as research stage expenditures and charged to the current profit or loss when incurred.
（2）Internal research and development expenditure accounting policy
22. Impairment of long-term assets
The Company will conduct the impairment test if any evidence suggests that the long assets, such as the long-term equity investment and the investment property, fixed assets, construction in progress and intangible assets, are impaired on the balance sheet date. If impairment test results indicate that the recoverable amounts of the assets
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 are lower than their carrying amounts, the provision for impairment is made based on the differences which are recognized as impairment losses. The recoverable amounts of intangible assets are the higher of their fair values less costs to sell and the present values of the future cash flows expected to be derived from the assets. The provision for assets impairment is calculated and recognized by the individual asset. If it is difficult to estimate the intangible amount of an individual asset, the Company shall estimate the recoverable amount of the asset portfolio that the individual asset belongs to. The asset portfolio is the minimum asset group that can independently generate the cash inflow.
At least the goodwill impairment test is conducted at the year-end.
The Company conducts an impairment test for the goodwill. The book value of goodwill arising from business combinations is amortized to relevant asset groups with a reasonable method since the date of acquisition; or amortized to relevant combination of asset groups if it is difficult to be amortized to relevant asset groups. The book value of goodwill is amortized to relevant asset groups or combinations of asset groups according to the proportion of the fair value of such asset groups or combinations of asset groups in the total fair value of relevant asset groups or combinations of asset groups. Where the fair value cannot be reliably measured, it should be amortized according to proportion of the book value of each asset group or combination of asset group in the total book value of relevant asset groups or combinations of asset groups.
When making an impairment test on the relevant asset groups or combination of asset groups containing goodwill, if any indication shows that the asset groups or combinations of asset groups related to the goodwill may be impaired, the Company shall first conduct an impairment test on the asset groups or combinations of asset groups not containing goodwill, calculate the recoverable amount and compare it with the relevant book value to recognize the corresponding impairment loss. Then the Company shall conduct an impairment test on the asset groups or combinations of asset groups containing goodwill, and compare the book value of these asset groups or combinations of asset groups (including the book value of the goodwill apportioned thereto) with the recoverable amount. Where the recoverable amount of the relevant asset groups or combinations of asset groups is lower than the book value thereof, the Company shall recognize the impairment loss of the goodwill.
The above impairment loss is not reversed in the future accounting period once recognized.
23.Long-term deferred expenses
Long-term deferred expenses refer to the expenses which have been already incurred but will be borne in the current period and in the future with an amortization period of over 1 year. Long-term deferred expenses are evenly amortized over the benefit period.
24.Employee compensation
1.Accounting treatment of short-term remuneration
During the accounting period in which employees provide service to the Company, the short-term remuneration actually incurred is recognized as liabilities and charged to the current profit or loss or the relevant assets cost. The medical insurance premium, work-related injury insurance premium and the housing provident fund paid by the Company for its employees, together with the labor union expenditures and employee education are used to calculate and determine the relevant employee compensation amount based on the prescribed accrual basis and accrual proportion.
The non-monetary benefits for employees that can be measured reliably are measured at fair value.
2.Accounting treatment of benefits paid after departure
The basic endowment insurance premium and unemployment insurance premium paid by the Company for its employees in accordance with relevant provisions of the local government are recognized as liabilities and charged to the current profit or loss or the relevant assets cost, with the payable amount calculated based on the local prescribed payment base and percentage, during the accounting period in which the employees provide services to the Company.
In addition to the basic endowment insurance, the Company also build the enterprise annuity payment system (supplementary pension insurance) in accordance with relevant national policies established a pension payment system / corporate pension plans. The Company pays a certain percentage of the total
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 employee compensation to the local social institution for the payment/payment under annuity plan, and record the relevant expenditures into the current profit or loss or the relevant assets cost.
3.Accounting treatment of dismissal welfare
Where the Company cannot unilaterally withdraw when termination benefits due to termination of employment or layoff proposal offered, or confirm the reorganization involves the payment of termination benefits when associated costs or expenses (both what early), confirm termination benefits employees pay liabilities, and profit or loss.
4 .Accounting treatment of other long term employee benefits
25.Estimated liabilities
1.Recognition criteria for estimated liabilities
The Company recognizes the estimated liabilities when the obligations relating to litigation, debt-guarantee, loss contract, restructuring and other contingencies satisfy the following conditions simultaneously:
(1)That obligation is a present obligation of the Company;
(2)The performance of such obligation is likely to result in outflow of economic benefits from the Company; and (3)The amount of the obligation can be measured reliably.
2.Measurement of a variety of estimated liabilities
The estimated liabilities of the Company are initially measured as the best estimate of expenses required for the performance of relevant present obligations.
When determining the best estimate, the Company shall comprehensively consider the risks, uncertainties, time value of money, and other factors relating to the contingencies. If the time value of money is significant, the best estimates shall be determined after discount of relevant future cash outflows.
The best estimates shall be treated as follows in different circumstances:
If there is continuous range (or interval) for the necessary expenses, and probabilities of occurrence of all the outcomes within this range are equal, the best estimate shall be determined at the average amount of upper and lower limits within the range.
Given the fact that there is no continuous range (or interval) for the necessary expenses, or probabilities of occurrence of all the outcomes within this range are unequal despite such a range exists, in case that the contingency involves a single item, the best estimate shall be determined at the most likely outcome; if the contingency involves two or more items, the best estimate should be determined according to all the possible outcomes with their relevant probabilities.
When all or part of the expenses necessary for the settlement of an estimated liabilities are expected to be compensated by a third party or other parties, the compensation shall be separately recognized as an asset only when it is virtually certain that the compensation will be received. The amount recognized for the compensation shall not exceed the book value of the estimated liabilities.
26.Share-based payment
The share-based payment is the transaction the Company has to grant the equity instrument to employees or assume the liability determined based on the equity instrument, for the service provided by the employees[or otherparties]. The share-based payments of the Company can be divided into the equity-settled share-based 1.Equity-settled share-based payments and equity instruments
In case of the equity-settled share-based payment for the service provided by employees, the measurement is based on the fair value of the equity instruments granted to employees. Where the Company carries out a
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 restricted share-based payment, the employees subscribe shares by contributing capital, and the shares cannot be traded or transferred in the market until they satisfy the conditions for removing the freeze; if the conditions for removing the freeze as prescribed by the ultimate stock stimulating plan fail to be satisfied, the Company shall repurchase the shares as previously agreed. When the Company receives the payments for subscription of restricted shares from the employees, it shall recognize the share capital and capital reserves (share capital premiums) according to the payments for subscription received, and recognize a liability and treasury shares with respect to the repurchase obligation. On every balance sheet date during the waiting period, the Company estimates the quantity of the exercisable equity instruments in light of the latest subsequent information, such as the change in the number of employees obtaining the exercisable equity instrument or whether the specified performance requirements are met, based on which the services obtained in the current period are charge to the relevant costs or expenses at the fair value on the grant date, with the capital reserves added correspondingly. Those payments which are exercisable immediately after the grant are charged to the relevant costs or expenses, with the capital reserves added correspondingly. After the vesting date, the recognized relevant costs or expenses or total amount of owners' equity shall not be adjusted any more.
No cost or expense is recognized for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition, which are treated as vesting irrespective of whether or not the market condition is satisfied, provided that all other performance conditions are satisfied.
Where the terms of an equity-settled award are modified, as a minimum an expense is recognized as if the terms had not been modified. In addition, an expense is recognized for any modification which increases the total fair value of the share-based payment arrangement, or is otherwise beneficial to the employee as measured at the date of modification.
Where an equity-settled share-based payment is cancelled, it is treated as if it had vested on the date of cancellation, and any expense not yet recognized for the award is recognized immediately. Where employees or other parties are permitted to choose to fulfill non-vesting conditions but have not fulfilled during the pending period, equity-settled share-based payments are deemed cancelled. However, if a new equity instrument is substituted for the cancelled award, and designated as a replacement award on the date that it is granted, the new equity instrument are treated as if they were a modification of the original award.
2.Cash-settled share-based payments and equity instruments
The cash-settled share-based payment is measured in accordance with the fair value of liability calculated and confirmed based on the shares or other equity instruments undertaken by the Company. The cash-settled share-based payment is initially measured in accordance with the fair value on the vesting date, in consideration of the terms and conditions for granting the equity instruments. If the right may be exercised immediately after the grant, the fair value of the liabilities shall, on the vesting date, be included in the costs or expenses, together with a corresponding increase in the liabilities; if the right cannot be exercised until the vesting period comes to an end or until the prescribed performance conditions are met, then within the vesting period, the services obtained in the current period shall, based on the best estimate of the number of vested equity instruments, be included in the relevant costs or expenses at the fair value of the liabilities on the vesting date, together with a corresponding increase in the liabilities. On each balance sheet date and on each account date prior to the settlement of the relevant liabilities, the fair values of the liabilities are re-measured and the changes.
27. Other financial instruments such as preferred shares and perpetual capital securities
28.Revenues
Whether the company needs to comply with the disclosure requirements of the particular industry
No
1 General principles for recognition of revenues from sales of goods:
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (1) The Company has transferred to the buyer the significant risks and rewards of ownership relevant to the goods in question;
(2) The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
(3) The relevant amount of revenue can be measured reliably;
(4) It is probable that the economic benefits related to the transaction will flow into the Company; and
(5) The relevant costs incurred or to be incurred can be measured reliably.
2 Concrete principles for revenues from primary businesses
Sales of automobile air-conditioner: the Air-conditioner Company deliveries goods according to the customers' production plans and safty stock; after the customers use the products, the salesmen issue a notification of making out an invoice according to the customers' monthly usage amounts and contracted prices, the finance department issues an invoice and the revenues from sales shall be recognized.
29.Government grants
(1) Judgment basis and accounting treatment of government subsidies related to assets
Government subsidies related to assets refer to the subsidies obtained by the Company from the government and used to form long-term assets through acquisition and construction or otherwise, including the financial appropriation for purchase of fixed assets or intangible assets and the finance discounts for special borrowings of fixed assets.
Government grants related to assets are recognized as deferred income and included in non-operating income over the useful lives of the assets constructed or purchased by stages;
(2) Judgment basis and accounting treatment of government subsidies related to profits
Government grants related to assets are recognized as deferred income and included in non-operating income over the useful lives of the assets constructed or purchased by stages;
If government subsidies related to income are used to compensate theCompany’s relevant expenses or losses in future periods, such government subsidies should be recognized as deferred income on acquisition and be included into the current non-operating income in the period of recognizing relevant expenses; if government subsidies related to income are used to compensate theenterprise’s relevant expenses or losses incurred, such government subsidies are directly included into the current non-operating income on acquisition.
30.Deferred income tax assets and deferred income tax liabilities
Deferred income tax assets shall be recognized for deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary differences can be utilized. As for any deductible loss or tax deduction that can be carried forward to the next year, the corresponding deferred income tax assets shall be determined to the extent that the amount of future taxable income to be offset by the deductible loss or tax deduction to be likely obtained.
Taxable temporary differences are recognized as deferred income tax liabilities except in special circumstances. Special circumstances in which deferred income tax assets or deferred income tax liabilities shall not be recognized include: the initial recognition of goodwill; other transactions or events excluding business combinations, which affect neither accounting profits nor the taxable income (or deductible losses) when occurred.
If the Company has the legal right of netting and intends to settle in net amount or to obtain assets and discharge liabilities simultaneously, the income tax assets and income tax liabilities of the Company for the current period shall be presented based on the net amount after offset.
When the Company has the legal rights to balance income tax assets and income tax liabilities for the current
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 period with net settlement, and deferred income tax assets and deferred income tax liabilities are related to the income tax which are imposed on the same taxpaying subject by the same tax collection authority or on different taxpaying subjects, but, in each important future period in connection with the reverse of deferred income tax assets and liabilities, the involved taxpaying subject intends to balance income tax assets and liabilities for the current period with net settlement at the time of obtaining assets and discharging liabilities, deferred income tax assets and deferred income tax liabilities shall be presented based on the net amount after offset.
31.Leases
1.Accounting treatment of operating lease
(1) Lease fees paid by the Company for leased asset shall be amortized at straight-line method over the whole lease period (including rent-free period) and shall be included in the current expenses. Initial direct costs relating to lease transactions incurred by the Company shall be recognized as the current expenses.
If the expense related to the lease which shall be paid by the Company is assumed by the lessor of the asset, then such expenses shall be deducted from total lease fees, and the balances shall be amortized over the lease term s and charged to the current expenses.
(2) Lease fees received by the Company from leasing assets shall be amortized at straight-line method over the whole lease period (including rent-free period), and shall be recognized as lease income. Initial direct costs relating to lease transactions incurred by the Company shall be recognized as the current expenses; if the amounts are material, they shall be capitalized and included in the current income on the same basis as the recognition of lease income.
If expenses relating to leases which should be borne by the lessee of the assets are paid by the Company, they shall be deducted from the total lease income and the balances shall be amortized over the lease terms by the Company.
2.Accounting treatment of financing lease
(1) Assets acquired under financing leases: At the commencement of the lease terms, assets acquired under financing leases shall be recorded at the lower of their fair values and the present values of the minimum lease payments, and the Company shall recognize the long-term payables at amounts equal to the minimum lease payments, and shall record the differences between book value of the leased assets and the long-term payables as unrecognized finance charges. The Company adopts the effective interest rate method for unrecognized financing charges, which shall be amortized over the lease terms and included in financial expenses. Initial direct costs incurred by the Company shall be included in the value of leased assets.
(2) Assets rented out under financing leases: At the commencement of the lease terms, the Company shall recognize the differences between the undiscounted rents receivable plus unguaranteed residual values and their present values as unrealized financing income, and shall recognize them as lease income during each period when rents are received. Initial direct costs associated with the lease transactions and incurred by the Company shall be included in the initial measurement of the financing lease receivable and lease income recognized over the lease terms shall be reduced accordingly.
32. Main accounting policies and accounting estimates
Termination of operation refers to any integral part that satisfies any of the following conditions, has been disposed or classified into assets held for sale by the Company and that is able to be separately distinguished upon operation and preparation of the financial statements:
(1) the integral part represents an independent primary business or a key operation region;
(2) the integral part is an element of the plan of proposing to dispose an independent primary business or a key operation region; or
(3) the integral part is a subsidiary acquired only for the resale purpose.
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 33.Change of main accounting policies and estimations
(1)Change of main accounting policies
√ Applicable□Not applicable
||||
|-|-|-|
||Approval||
|The content and reasons of accounting policy changes||Remarks|
||process||
|||There was adjustment on the financial|
|||statements presentation of the semi-annual|
||Examined and|report, and it adjusted the received|
|On May 10, 2017, the Ministry of Finance promulgated the Notice on|||
||approved at the|government finance interest subsidies to|
|Issuing the Amendment to Accounting Standards for Business|||
||2nd meeting of|the financial expenses-interest expenses|
|Enterprises No. 16-Government Grants (Accounting [2017] No. 15),|||
||the 8th Board of|from the non-operating revenue and|
|which came into effect on June 12, 2017.|||
||Directors|expenses. This change has no significant|
|||impact on the financial condition,|
|||operating results and the cash flow.|

 Enforce Value - added Tax Accounting Regulations.The Ministry of Finance released Value - added Tax Accounting Regulations (Financial Accounting[2016] No:22 ) on December 3, 2016, which is appropriate for related transacrions form May 1, 2016. (2) Change of main accounting estimations
□ Applicable√ Not applicable
34.Other
Not applicable
VI. Taxation
1. Main categories and rates of taxes
||||
|-|-|-|
|Class of tax|Tax basis|Tax rate|
||Calculated on tax law from selling goods and taxable services based on the||
|VAT|calculation of output tax, after deduction of input tax deductibility of the|17%、11%、6%|
||current period, the balance part of VAT payable||
|Consumption tax|Revenue of taxable consumables|3%|
|City maintenance and|||
||Value-added tax, operating tax and consumption tax paid|7%|
|construction tax|||
|Enterprise income tax|Taxable income|25%、15%|
||Levied based on the taxable income (Since May 1, 2016, the Business tax||
|Operational tax||5%|
||changes to Value-added tax)||

The disclosure on the rate of income tax of taxpayers in different enterprises is stated below
|||
|-|-|
|Name of Taxpayer|Rate of Income Tax|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||
|-|-|
|Chongqing Jianshe Motorcycle Co., Ltd.|15%|
|Shanghai Jianshe Motorcycle Co., Ltd.|25%|
|Chongqing Jianshe Automobile A/C Co., Ltd.|15%|

2. Preferential tax treatment
The company is subject to the enterprise income tax rate of15% in 2016, as a result of the preferential enterprise income tax policies to promote the large-scale development of the western region in accordance with the Announcement on Issues of Enterprise Income Tax concerning In-depth Implementation of Western Region Large-scale Development Strategy (Announcement of the State Administration of Taxation[2012] No.12) Chongqing Jianshe Automobile A/C Co., Ltd. by high and new technology enterprise qualification on November 8, 2013, acquire the qualification of new high-tech enterprises, Certificate No. GR201351100081, valid for three years. Chongqing Jianshe Automobile A/C Co., Ltd. calculates and pay enterprise income tax shall be levied at the reduced tax rate15% from 2014 to 2016. The Company and other subsidiaries pay the enterprise income tax at a tax rate of25%.
3.Other
VII. Notes on major items in consolidated financial statements of the Company
1. Monetary funds
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
||24,628.87|31,205.34|
|Cash on hand|||
||167,475,250.51|273,737,553.12|
|Bank deposits|||
||127,778,538.50|240,646,064.11|
|Other cash and cash equivalents|||
||295,278,417.88|514,414,822.57|
|Total|||

 Other notes
2. Financial assets measured at fair value through current profit and loss
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening|

Othernotes：
3. Derivative financial assets
□ Applicable√Not applicable
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 4. Notes receivable
(1) Notes receivable listed by category
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Bank acceptance bill|62,644,057.09|14,907,890.35|
|Total|62,644,057.09|14,907,890.35|

 (2) Notes receivable pledged by the Company at the period-end
In RMB
|||
|-|-|
|Items|Amount|

(3) 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 at the|Amount of not terminated recognition at|
|Items|||
||period-end|the period-end|
|Bank acceptance bill|331,556,355.38||
|Total|331,556,355.38||

(4) 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 theperiod-end|
|Items||

Other notes
5. Accounts receivable
(1) Accounts receivable disclosed by category
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance|||||Opening balance|||||
|Category|Book balance||Bad debt provision||Book|Book balance||Bad debt provision|||
|||||||||||Book value|
||Amount|Proportio|Amount|Proportio|value|Amount|P roportio|Amount|Proportion||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||n %||n %|||n %||%||
|Accounts receivable||||5.97%|||||||
|with provision for|||||||||||
||271,313,||16,207,8||255,105,6|270,302||14,715,22||255,587,43|
|bad debt made on a||100.00%|||||100.00%||5.44%||
|portfolio with similar|510.41||40.55||69.86|,666.49||6.57||9.92|
|risk credit|||||||||||
|characteristics basis|||||||||||
||271,313,||16,207,8|5.97%|255,105,669.86|270,302||14,715,22||255,587,439.92|
|||100.00%|||||100.00%||5.44%||
|Total|510.41||40.55|||,666.49||6.57|||

 Accounts receivable with significant single amount for which bad debt provision separately accrued at the period-end
□ Applicable√ Not applicable
In the groups, accounts receivable adopting aging analysis method to accrue bad debt provision:
√ Applicable□ Not applicable
In RMB
|||||
|-|-|-|-|
||Closing balance|||
|Aging||||
||Accounts receivable|Provision for bad debts|Proportion of provision (%)|
|Subitem within 1 year||||
|Within 6 months(Including 6||||
||254,250,801.38|||
|months)||||
|6－12 months||||
|Subtotal within 1 year|254,250,801.38||5.00%|
|1-2 years|726,608.71|365,593.83|10.00%|
|2-3 years|1,971,790.47|1,522,136.87|30.00%|
|Over 3 years|14,364,309.85|14,320,109.85||
|3-4 years|2,329,000.00|2,329,000.00|50.00%|
|4-5 years|257,359.38|213,159.38|80.00%|
|Over 5 years|11,777,950.47|11,777,950.47|100.00%|
|Total|271,313,510.41|16,207,840.55||

Notes of the basis of recognizing the group:
In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision
□ Applicable√ Not applicable
In the groups, accounts receivable adopting other methods to accrue bad debt provision:
(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision during the reporting period was of RMB0.00; the amount of the
reversed or collected part during the reporting period was of RMB 0.00.
Of which the significant amount of the reversed or collected part during the reporting period
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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|

 Notes of the write-off the accounts receivable:
(4) Top 5 of the closing balance of the accounts receivable colleted according to the arrears party
The top five accounts receivable by the credit balance as at June 30, 2017 total RMB 154,005,291.23, accounting for56.76% of total amount of balance as at June 30, 2017 of accounts receivable, and the balance as at June 30, 2017 of provision for bad debts provided correspondingly totals RMB9,245,739.19.
(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 notes:
6.Prepayments
(1) List by aging analysis:
In RMB
||||||
|-|-|-|-|-|
||Closing balance||Opening balance||
|Aging|||||
||Amount|Proportion %|Amount|Proportion %|
|Within 1 year|8,098,996.10|98.44%|10,729,869.21|98.51%|
|1-2 years|59,823.65|0.73%|73,792.01|0.68%|
|2-3 years|51,254.50|0.62%|71,862.00|0.66%|
|Over 3 years|17,229.80|0.21%|16,409.80|0.15%|
|Total|8,227,304.05|--|10,891,933.02|--|

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 colleted according to the prepayment target
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 Oter notes:
7. 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|

 Othernotes：
8. 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|

 Othernotes：
9. Other accounts receivable
(1) Other accounts receivable disclosed by category
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance|||||Opening balance|||||
||Book balance||Bad debt provision|||Book balance||Bad debt provision|||
|Category|||||Book||||||
|||Proportio||Proportion %|||Proportio||Proportion|Book value|
||Amount||Amount||value|Amount||Amount|||
|||n %|||||n %||%||
|Other receivables|||||||||||
||12,671,7|97.23%|4,529,36|35.74%|8,142,426|13,109,|97.32%|4,529,364|34.55%|8,579,890.0|
|with provision for|||||||||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|bad debt made on a|91.41||4.68||.73|254.76||.68||8|
|portfolio with similar|||||||||||
|risk credit|||||||||||
|characteristics basis|||||||||||
|Other receivables|||||||||||
|with insignificant|||||||||||
||361,125.||361,125.|||361,125||361,125.3|||
|single amount and||2.77%||100.00%|0.00||2.68%||100.00%||
|provision for bad|35||35|||.35||5|||
|debt made on an|||||||||||
|individual basis|||||||||||
||13,032,9||4,890,49||8,142,426.73|13,470,||4,890,490||8,579,890.08|
||||||||100.00%||36.31%||
|Total|16.76||0.03|||380.11||.03|||

 Other accounts receivable with significant single amount for which bad debt provision separately accrued at the period-end
□ Applicable√ Not applicable
In the groups, other accounts receivable adopting aging analysis method to accrue bad debt provision:
√Applicable□ Not applicable
In RMB
|||||
|-|-|-|-|
||Closing balance|||
|Aging||||
||Other receivables|Provision for bad debts|Proportion of provision (%)|
|Subitem within 1 year||||
|Within 6 months(including 6||||
||4,718,647.09|||
|months)||||
|6－12 months|1,534,749.60|76,737.48|5.00%|
|Subtotal within 1 year|6,253,396.69|76,737.48|1.23%|
|1-2 years|2,184,186.13|218,418.61|10.00%|
|Over 3 years|0|0|0|
|Over 5 years|4,234,208.59|4,234,208.59|100.00%|
|Total|12,671,791.41|4,529,364.68|35.74%|

 Notes of the basis of recognizing the group:
In the groups, other accounts receivable adopting balance percentage method to withdraw bad debt provision□ Applicable√ Not applicable
In the groups, other accounts receivable adopting other methods to accrue bad debt provision:
□ Applicable√ Not applicable
2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision during the reporting period was of RMB0.00；the amount of the reversed or collected part during the reporting period was of RMB 000.
Of which the significant amount of the reversed or collected part during the reporting period
In RMB
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Name|Reversed or collected amount|Method|

(3) The actual write-off other accounts receivable
In RMB
|||
|-|-|
|Items|Amount|

Of which the significant write-off other accounts receivable:
In RMB
|||||||
|-|-|-|-|-|-|
||||||Whether occurred|
|Name|Nature|Amount|Reason|Process|from the related|
||||||transactions|

 Notes of write-off other accounts receivable:
(4) Other accounts receivable classified by the nature of accounts
In RMB
||||
|-|-|-|
|Nature|Closing book balance|Opening book balance|
|Petty cash and borrowings with small|||
||8,437,582.82|8,875,046.17|
|amount|||
|Margins and others|||
|Fully provided provision for bad debts|||
||4,595,333.94|4,595,333.94|
|regarding long-term receivables and|||
|payables|||
|Export rebates receivable|||
|Current account|||
|Total|13,032,916.76|13,470,380.11|

 (5) Top 5 of the closing balance of the other accounts receivable colleted according to the arrears party
In RMB
|||||||
|-|-|-|-|-|-|
|||||Proportion of the||
|||Closing||total year end|Closing balance of|
|Name|Nature||Aging|||
|||balance||balance of the|bad debt provision|
|||||accounts receivable||
|Top 5 of the closing balance of the other||||||
|accounts receivable colleted according||8,098,507.84||62.14%|4,244,328.04|
|to the arrears party||||||
|Total||8,098,507.84||62.14%|4,244,328.04|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (6) Accounts receivable involved with government subsidies
In RMB
||||||
|-|-|-|-|-|
|||||Estimated received time,|
|Name|Project of government|Opening balance|Closing balance||
|||||amount and 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 notes:
10. Inventory
Whether the company needs to comply with the disclosure requirements of the particular industry
No
(1) Category of inventory
In RMB
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|||Provision for|||Provision for||
|Items|||||||
||Book balance|inventory|Book value|Book balance|inventory|Book value|
|||impairment|||impairment||
||41,244,392.73|4,618,914.59|36,625,478.14|47,168,260.45|4,618,914.59|42,549,345.86|
|Raw materials|||||||
||12,286,422.18||12,286,422.18|1,931,391.64||1,931,391.64|
|Goods in progress|||||||
|Stock goods|105,954,671.59|174,210.57|105,780,461.02|156,900,503.61|174,210.57|156,726,293.04|
|Total|159,485,486.50|4,793,125.16|154,692,361.34|206,000,155.70|4,793,125.16|201,207,030.54|

 Whether the company is required to comply with the "Shenzhen Stock Exchange Industry Information Disclosure Guidelines No. 4 - listed companies engaged in seed industry, planting business" disclosure requirements
(2) Falling price reserves of inventory
In RMB
||||||||
|-|-|-|-|-|-|-|
|||Increased amount||Decreased amount|||
|Items|Opening balance|||Reverse or||Closing balance|
|||Withdrawal|Other||Other||
|||||write-off|||
|Raw materials|4,618,914.59|||||4,618,914.59|
|Stock goods|174,210.57|||||174,210.57|
|Total|4,793,125.16|||||4,793,125.16|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (3) Notes of the closing balance of the inventory which includes capitalized borrowing expenses
(4) Completed unsettled assets formed from the construction contact at the period-end
In RMB
|||
|-|-|
|Items|Amount|

Other notes:
11. Assets divided as held-to-sold
In RMB
||||||
|-|-|-|-|-|
||||Estimated disposal||
|Items|Closing book value|Fair value||Estimated disposal time|
||||expense||

Othernotes：
12. Non-current assets due within 1 year
In RMB
||||
|-|-|-|
|Itmes|Closing balance|Opening balance|

Othernotes：
13. Other current assets
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Overpaid tax for offsetting the future tax|||
||1,836,709.63|1,734,063.70|
|payable|||
|Total|1,836,709.63|1,734,063.70|

 Othernotes：
14. Available-for-sale financial assets
(1) List of available-for-sale financial assets
In RMB
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Items||Provision for|||Provision for||
||Book balance||Book value|Book balance||Book value|
|||impairment|||impairment||
|Available-for-sale equity|||||||
||1,140,915.04|1,140,915.04||1,140,915.04|1,140,915.04||
|instruments|||||||
||1,140,915.04|1,140,915.04||1,140,915.04|1,140,915.04||
|Measured at cost|||||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||
|-|-|-|-|-|
||1,140,915.04|1,140,915.04|1,140,915.04|1,140,915.04|
|Total|||||

(2) Available-for-sale financial assets measured by fair value at the period-end
In RMB
|||||
|-|-|-|-|
|Category of the||||
||Available –for-sale|Available-for-sale||
|available-for –sale|||Total|
||equity instruments|liabilities instruments||
|financial assets||||

(3) Available-for-sale financial assets measured by cost at the period-end
In RMB
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
||Book balance|||Impairment provision||||Shareholdi|Cash|
|||||||||ng|bonus of|
|Investee|Period-beg|||Period-beg||||proportion|the|
|||Increase|||Increase|Decrease|Period-end|||
||in|||in||||among the|reporting|
|||||||||investees|period|
|Ningbo||||||||||
|Jianshe||||||||||
|Motorcycl||||||||||
||1,140,915.||1,140,915.|1,140,915.|||1,140,915.04|||
|e||||||||51.00%||
||04||04|04||||||
|Manufactu||||||||||
|ring Co.,||||||||||
|Ltd.||||||||||
||1,140,915.||1,140,915.|1,140,915.|||1,140,915.04|||
|Total||||||||--||
||04||04|04||||||

(4) Changes of the impairment of the available-for-sale financial assets during the reporting period
In RMB
|||||
|-|-|-|-|
|Cagegory of the||||
||Available-for-sale equity|Available-for-sale||
|avalable-for-sale|||Total|
||instruments|liabilities instruments||
|financial assets||||

(5) Relevant notes of the fair value of the available-for-sale equity instruments which seriously fell or temporarily fell but not withdrawn the impairment provision
||||||||
|-|-|-|-|-|-|-|
|Items sof||||Continued fallingtime(month)|||
||||Falling range of||Withdrawn|Reason of not|
|available-for-sale||Fair value of the|||||
||Investment cost||the fair value||amount of|with drawn the|
|equity||period-end|||||
||||against the cost||impairment|impairment|
|instruments|||||||

Other notes
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 15. Investment held-to-maturity
(1) List of investment held-to-maturity
In RMB
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Items||Impairment|||Impairment||
||Book balance||Book value|Book balance||Book value|
|||provision|||provision||

(2) Significant held-to-maturity investment at the period-end
In RMB
||||||
|-|-|-|-|-|
|Bond item|Par value|Norminal interest rate|Actual interest rate|Due date|

 (3) Re-classified held-to-maturity investment during the reporting period
Other notes
16. Long-term accounts receivable
(1) List of long-term accounts receivable
In RMB
|||||
|-|-|-|-|
||||Discount rate|
|Items|Closing balance|Opening balance||
||||range|

 (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 notes
17. Long-term equity investment
In RMB
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||Increase /decrease|||||||||Closing|
|||||Gains and|Adjustme||Cash|Withdraw|||balance|
|Investees|Opening|Additioal|Reduced|losses|nt of|Chinges|bonus or|al of||Closing|of|
||balance|investmen|investmen|recognize|other|of other|profits|impairme|Other|balance|impairme|
|||t|t|d under|comprehe|equity|announce|nt|||nt|
|||||the equity|nsive||d to issue|provision|||provision|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||||||
|-|-|-|-|-|-|
|||mithod|incme|||
|I. Joint ventures||||||
|Chongqin||||||
|g||||||
|Pingshan||||||
||83,178,11|2,071,582||4,000,000|81,252,69|
|TK||||||
||2.31|.10||.00|4.41|
|Carburett||||||
|or Co.,||||||
|Ltd.||||||
||83,178,11|2,071,582||4,000,000|81,252,69|
|Subtoal||||||
||2.31|.10||.00|4.41|
|II. Associates||||||
||83,178,11|2,071,582||4,000,000|81,252,69|
|Total||||||
||2.31|.10||.00|4.41|

Other notes
18. Investment property
(1) Investment property adopted the cost measurement mode
√Applicable□ Not applicable
In RMB
||||||
|-|-|-|-|-|
||||Construction||
|Items|House, Building|Land use right||Total|
||||in process||
|I. Original price|||||
|1. Balance at period-beginning|131,695,310.84|20,902,264.96||152,597,575.80|
|2.Increase in the current period|||||
|(1) Purchase|||||
|(2)Inventory\Fixed|||||
|assets\ Transferred from construction in prog|||||
|ress|||||
|(3)Increased of Enterprise Combination|||||
|3.Decreased amount of the period|0|0|0|0|
|（1）Dispose|||||
|（2）Other out|||||
|Transfer to fixed assets, intangible assets|||||
||0|0|0|0|
|accounting|||||
|4. Balance at period-end|131,695,310.84|20,902,264.96||152,597,575.80|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||
|-|-|-|-|-|
|II.Accumulated amortization|||||
|1.Opening balance|32,213,005.48|5,058,544.71||37,271,550.19|
|2.Increased amount ofthe period|2,130,812.94|209,022.66||2,339,835.60|
|(1) Withdrawal|2,130,812.94|209,022.66||2,339,835.60|
|3.Decreased amount of the period|||||
|（1）Dispose|||||
|（2）Other out|||||
|Transfer to fixed assets, intangible assets|||||
||0|0|0|0|
|accounting|||||
|4. Balance at period-end|34,343,818.42|5,267,567.37||39,611,385.79|
|III. Impairment provision|||||
|1. Balance at period-beginning|||||
|2.Increased amount of the period|||||
|(1) Withdrawal|||||
|3.Decreased amount of the period|||||
|（1）Dispose|||||
|（2）Other out|||||
|4. Balance at period-end|||||
|IV.Book value|||||
|1.Book value at period -end|97,351,492.42|15,634,697.59|-|112,986,190.01|
|2.Book value at period-beginning|99,482,305.36|15,843,720.25||115,326,025.61|

 (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 notes
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 19. Fixed assets
(1) List of fixed assets
In RMB
|||||||
|-|-|-|-|-|-|
|||||Electronic and office||
|Items|House and Buildings|Machinery equipment|Vehicles||Total|
|||||equipment||
|I. Original book||||||
|value：||||||
|1. Opening balance|89,165,656.22|633,299,247.37|8,924,256.63|15,777,854.39|747,167,014.61|
|2.Increased||||||
|amountof the|0|5,721,170.96|0.00|34,223.94|5,755,394.90|
|period||||||
|（1）Purchase||5,721,170.96||34,223.94|5,755,394.90|
|（2）Transfer of||||||
|project under||||||
|Construction||||||
|（3）Increased||||||
|fromenterprise||||||
|merger||||||
|—-Into the||||||
|investment|0||||0|
|properties||||||
|3.Decreased amount||||||
||0.00|19,182,856.12|0.00|0.00|19,182,856.12|
|of the period||||||
|（1）Disposal||||||
|||19,182,856.12|||19,182,856.12|
|orscrap||||||
|4.Closing balance|89,165,656.22|619,837,562.21|8,924,256.63|15,812,078.33|733,739,553.39|
|II. Accumulative||||||
|depreciation||||||
|1.Opening balance|25,974,085.30|376,877,571.47|7,159,133.06|11,312,363.07|421,323,152.90|
|2.Increased||||||
|amountof the|1,032,800.08|12,002,355.97|1,457,973.25|1,933,992.46|16,427,121.76|
|period||||||
|（1）Withdrawal|1,032,800.08|12,002,355.97|1,457,973.25|1,933,992.46|16,427,121.76|
|—Into the||||||
|investment|0||||0|
|properties||||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||||||
|-|-|-|-|-|-|
|3.Decreased||||||
|amountof the|0.00|19,070,085.16|0.00|0.00|19,070,085.16|
|period||||||
|（1）Disposalor||||||
|||19,070,085.16|||19,070,085.16|
|scrap||||||
|4.Closing balance|27,006,885.38|369,809,842.28|8,617,106.31|13,246,355.53|418,680,189.50|
|III. Depreciation||||||
|reserves||||||
|1. Opening||||||
|balance||||||
|2.Increased||||||
|amount of the period||||||
|（1）Withdrawal||||||
|3.Decreased||||||
|amount of the period||||||
|（1）Disposalor||||||
|scrap||||||
|4.Closing balance||||||
|IV. Book Value||||||
|1.Closing book value|62,158,770.84|250,027,719.93|307,150.32|2,565,722.80|315,059,363.89|
|2.Opening book||||||
||63,191,570.92|256,421,675.90|1,765,123.57|4,465,491.32|325,843,861.71|
|value||||||

(2) List of temporarily idle fixed assets
In RMB
|||||||
|-|-|-|-|-|-|
|||Accumulative|Impairment|||
|Items|Original book value|||Book value|Notes|
|||depreciation|provision|||

(3) Fixed assets leased in from financing lease
In RMB
||||||
|-|-|-|-|-|
|||Accumulative|||
|Items|Original book value||Impairment provision|Book value|
|||depreciation|||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (4) Fixed assets leased out from operation lease
In RMB
|||
|-|-|
|Items||
|Machinery equipment|41,913,560.74|

 (5) Details of fixed assets failed to accomplish certification of property
In RMB
||||
|-|-|-|
|Items|Book value|Reason|
|Buildings and constructions|42,288,815.25|Waiting for final acceptance|

Other notes
20. Construction in progress
(1) List of construction in progress
In RMB
||||||||
|-|-|-|-|-|-|-|
||Closing balance|||Opening balance|||
|Items||Provision for|||Provision for|Book value|
||Book balance||Book value|Book balance|||
|||impairment|||impairment||
|Replacement ofequipment|||||||
||4,045,781.97||4,045,781.97|2,252,455.05||2,252,455.05|
|Other|130,580.87||130,580.87|186,377.38||186,377.38|
|Total|4,176,362.84||4,176,362.84|2,438,832.43||2,438,832.43|

 (2) Changes of significant construction in progress
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||Openingbalance||||||||Ofwhich：|||
|||||Amount|||Proporti||||||
||||||||||Accumul||||
|||||that|||on|||The|Capitaliz||
||||||Other||||ative||||
||||Increase|transferr|||estimate|||amount|ation rate||
||Estimate||||decrease||||amount||||
|Name of|||d amount|ed to||Closing|d of the|Project||of the|of the|Capital|
||d||||d amount||||of||||
|items|||of the|fixed||balance|project|progress||capitaliz|interests|resources|
||number||||of the||||capitaliz||||
||||period|assets of|||accumul|||ed|of the||
||||||period||||ed||||
|||||the|||ative|||interests|period||
||||||||||interests||||
|||||period|||input|||of theperiod|||
|Capacity||2,252,455.05|1,729,01|||||||||Loans of|
|expansion|||1.54|||||||||financial|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||||||
|-|-|-|-|-|-|
|of|||||institutio|
|air-conditi|||||ns|
|oner||||||
||||||Loans of|
||186,377.||||financial|
|Other||8,518.87||||
||38||||institutio|
||||||ns|
||2,438,83|1,737,53||||
|Total|||--|--|--|
||2.43|0.41||||

(3) List of the withdrawal of the impairment provision of the construction in progress
In RMB
||||
|-|-|-|
|Items|Withdrawn amount|Reason|

Other notes
21. Engineering material
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|

Othernotes：
22. Liquidation of fixed assets
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|

Othernotes：
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
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 25. Intangible assets
(1) Information
In RMB
||||||
|-|-|-|-|-|
|Items|Land use right|Patent|Non-patents|Total|
|I. Total original book value|||||
|1. Opening balance|15,768,620.49|||15,768,620.49|
|2. Increase in the reporting period|||||
|（1）Purchase|||||
|（2）Internal R&D|||||
|（3）Increase fromenterprise combination|||||
|—Into the investment properties|0|||0|
|3.Decrease in thereporting period|||||
|（1）Disposal|||||
|4.Closing balance|15,768,620.49|||15,768,620.49|
|II. Total accoruedamortization|||||
|1.Opening balance|4,072,315.23|||4,072,315.23|
|2.Increased in the reporting period|||||
|（1）Withdrawal|156,161.40|||156,161.40|
|—Into the investment properties|0|||0|
|3.Decrease in the reporting period|||||
|（1）Disposal|||||
|4.Closing balance|4,228,476.63|||4,228,476.63|
|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|||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|IV. Book value|||
|1.Book value of theperiod-end|11,540,143.86|11,540,143.86|
|2.Book value of theperiod-begin|11,696,305.26|11,696,305.26|

 The proportion the intangible assets formed from the internalR&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
||||
|-|-|-|
|Items|Book value|Reason|

Othernotes：
26.R&D expenses
In RMB
||||||
|-|-|-|-|-|
||Opening|||Closing|
|Items||Increase|Decrease||
||balance|||balance|

 Other notes
27. Goodwill
(1) Original book value of goodwill
In RMB
||||||
|-|-|-|-|-|
|Name of the|||||
|investees or the|||||
||Opening balance|Increase|Decrease|Closing balance|
|events formed|||||
|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
impairment losses:
Other notes
28. Long-term unamortized expenses
In RMB
|||||||
|-|-|-|-|-|-|
|Items|Opening balance|Increase|Amortization|Decrease|Closing balance|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||||
|-|-|-|-|
|||amount||
|83 Aluminum machine||||
||1,962,087.22|691,705.36|1,270,381.86|
|entry fee||||
|96 Aluminum machine||||
||509,501.43|35,546.64|473,954.79|
|technology transfer fee||||
|Total|2,471,588.65|727,252.00|1,744,336.65|

 Other notes
29. Deferred income tax assets/deferred income tax liabilities
(1) Deferred income tax assets had not been off-set
In RMB
||||||
|-|-|-|-|-|
||Closing balance||Opening balance||
|Items|Deductible temporary|Deferred income tax|Deductible temporary|Deferred income tax|
||difference|assets|difference|assets|
|Assets impairment|||||
||12,112,504.63|1,816,875.69|12,112,504.63|1,816,875.69|
|provision|||||
|Total|12,112,504.63|1,816,875.69|12,112,504.63|1,816,875.69|

 (2) Deferred income tax liabilities had not been off-set
In RMB
||||||
|-|-|-|-|-|
||Closing balance||Opening balance||
|Items|Deductible temporary|Deferred income tax|Deductible temporary|Deferred income tax|
||difference|liabilities|difference|liabilities|

 (3) Deferred income tax assets or liabilities listed by net amount after off-set
In RMB
||||||
|-|-|-|-|-|
||Mutual set-off amount of|Amount of deferred|Mutual set-off amount of|Amount of deferred|
||deferred income tax|income tax assets or|deferred income tax|income tax assets or|
|Items|||||
||assets and liabilities at|liabilities after off-set at|assets and liabilities at|liabilities after off-set at|
||the period-end|the period-end|the period-begin|the period-begin|
|Deferred income tax||1,816,875.69||1,816,875.69|

 (4) List of unrecognized deferred income tax assets
In RMB
||||
|-|-|-|
|Items|Closing amount|Opening amount|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Deductible temporary difference|13,427,252.17|13,427,252.17|
|Deductible losses|329,995,380.72|329,995,380.72|
|Total|343,422,632.89|343,422,632.89|

 (5) Deductible losses of unrecognized deferred income tax assets will due the following years
In RMB
|||||
|-|-|-|-|
|Year|Closing balance|Opening balance|Notes|
|2017|197,428,928.73|197,428,928.73||
|2018|25,332,418.05|25,332,418.05||
|2019|98,496,222.54|98,496,222.54||
|2020|7,561,009.01|7,561,009.01||
|2021|1,176,802.39|1,176,802.39||
|Total|329,995,380.72|329,995,380.72|--|

Othernotes：
30. Other non-current assets
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Advance purchase of long-term assets|6,908,228.33|9,240,209.19|
|Total|6,908,228.33|9,240,209.19|

 Othernotes：
31. Short-term loans
(1) Category of short-term loans
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Mortgage loan|2,500,000.00|2,500,000.00|
|Guarantee loan|202,000,000.00|202,000,000.00|
|Credit loan|80,000,000.00|20,000,000.00|
|Total|284,500,000.00|224,500,000.00|

 Notes of short-term loans category
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (2) List of the short-term loans 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
||||||
|-|-|-|-|-|
|Borrower|Closing balance|Borrowing rate|Overdue time|Overdue rate|

 Other notes:
32. Financial liabilities measured by fair value and the changes included in the current gains and losses
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|

Other notes:
33. Derivative financial liabilities
□ Applicable√ Inapplicable
34. Notes payabl
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Bank acceptance bill|425,710,000.00|718,560,000.00|
|Total|425,710,000.00|718,560,000.00|

 The total amount of the due but not pay notes payable at the period-end was of RMB 000.
35. Accounts payable
(1) List of accounts payable
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Within 1 year|178,797,185.90|185,057,014.26|
|1-2 years|550,471.95|550,471.95|
|2-3 years|2,527,491.73|2,527,491.73|
|Over 3 years|8,147,612.85|5,233,507.51|
|Total|190,022,762.43|193,368,485.45|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (2) Notes of the accounts payable aging over one year
In RMB
||||
|-|-|-|
|Items|Closing balance|Unpaid/un-carry-over reason|

 Other notes:
36. Advance from customers
(1) List of advance from customers
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Within 1 year|2,239,303.12|8,453,280.37|
|1-2 years|109,280.19|492,125.78|
|2-3 years|34,866.60|34,866.60|
|Over 3 years|145,853.56|145,853.56|
|Total|2,529,303.47|9,126,126.31|

 (2) Significant advance from customers aging over one year
In RMB
||||
|-|-|-|
|Items|Closing balance|Unpaid/un-carry-over reason|

 (3) Particulars of settled but unfinished projects formed by construction contract at period-end.
In RMB
|||
|-|-|
|Items|Amount|

Other notes:
37. Payroll payable
(1) List of Payroll payable
In RMB
||||||
|-|-|-|-|-|
|Items|Opening balance|Increase|Decrease|Closing balance|
||1,589,014.02|32,736,835.37|32,075,462.33|2,250,387.06|
|Short-term compensation|||||
|Post-employment benefits - defined|||||
||1,040,798.52|5,095,797.87|4,586,967.16|1,549,629.23|
|contribution plans|||||
|||3,363,195.80|3,363,195.80||
|Dismissal welfare|||||
||2,629,812.54|41,195,829.04|40,025,625.29|3,800,016.29|
|Total|||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (2) List of Short-term salary
In RMB
||||||
|-|-|-|-|-|
|Items|Opening balance|Increase|Decrease|Closing balance|
|(1)Salary, bonus, allowance and|||||
||804,210.48|25,227,607.93|25,003,431.52|1,028,386.89|
|subsidy|||||
|||1,641,475.74|1,639,975.74|1,500.00|
|(2)Employee benefits|||||
||96,254.84|2,312,848.91|2,084,134.34|324,969.41|
|(3) Social insurance expenses|||||
|Including: medical insurance|||||
||71,138.21|2,029,789.80|1,816,664.67|284,263.34|
|premium|||||
|Work-related injury insurance|||||
||8,165.84|188,699.28|183,297.08|13,568.04|
|premium|||||
||16,950.79|94,359.83|84,172.59|27,138.03|
|Maternity insurance premium|||||
|(4) Housing fund|356,102.00|3,050,832.00|3,019,945.65|386,988.35|
|(5) Labor union expenditures|||||
|and employee education|332,446.70|490,501.59|314,405.88|508,542.41|
|expenses|||||
|8. Other short-term salary||13,569.20|13,569.20||
|Total|1,589,014.02|32,736,835.37|32,075,462.33|2,250,387.06|

 (3) List of drawing scheme
In RMB
||||||
|-|-|-|-|-|
|Items|Opening balance|Increase|Decrease|Closing balance|
|Basic endowment|||||
||889,602.65|4,930,238.78|4,437,850.80|1,381,990.63|
|insurance premium|||||
|Unemployment insurance|||||
||151,195.87|165,559.09|149,116.36|167,638.60|
|premium|||||
|Total|1,040,798.52|5,095,797.87|4,586,967.16|1,549,629.23|

 Othernotes：
38. Taxes payable
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|VAT|624,781.08|73,009.55|
|Enterprise income tax|-196,278.30|134,270.95|
|Individual income tax|672,571.51|1,005,278.13|
|Urban maintenance and construction tax|3,158,297.77|3,119,147.99|
|Business tax|490,583.43|393,030.84|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Educational surtax|2,018,882.33|1,988,736.03|
|property tax|3,727,900.64|3,727,900.64|
|Land royalities||1,808,215.20|
|Other taxes and surcharges|5,946,793.55|3,913,601.37|
|Total|16,443,532.01|16,163,190.70|

 Othernotes：
39. Interest payable
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|

Particulars of significant overdue unpaidinteres：
In RMB
||||
|-|-|-|
|Unit|Overdue amount|Overdue reason|

Other notes:
40. 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:
41. Other accounts payable
(1) Other accounts payable listed by nature of the account
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Within 1 year|34,722,137.29|36,135,896.36|
|1-2 years|1,238,802.40|1,238,802.40|
|2-3 years|480,300.00|480,300.00|
|Over 3 years|2,838,889.77|2,838,889.88|
|Total|39,280,129.46|40,693,888.64|

 (2) Other significant accounts payable with aging over one year
In RMB
||||
|-|-|-|
|Items|Closing balance|Unpaid/un-carry-over reason|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 Other notes:
42. Liabilities classified as holding for sale
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|

Other notes:
43. Non-current liabilities due within 1 year
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Long-term loans due within 1 year|53,400,000.00|36,100,000.00|
|Total|53,400,000.00|36,100,000.00|

 Other notes:
44. Other current-liabilities
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|

Changes on short term bonds payable:
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
|||||||||Overflow|||
|||||||The|Withdraw||Pay in||
|Name of|Book|||Issue|Opening|||discount||Closing|
|||Issue date|period|||current|interest at||current||
|the bond|value|||amount|balance|||amortizati||balance|
|||||||issue|par||period||
|||||||||on|||

Other notes:
45. Long-term loan
(1) Category of long-term loan
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|Credit loans|24,490,000.00|48,590,000.00|
|Total|24,490,000.00|48,590,000.00|

 Notes：
Othernotes，including interest raterange：
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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)
(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
||||||||||
|-|-|-|-|-|-|-|-|-|
|Financial|Opening period||Increase||Decrease||Closing period||
|instruments|||||||||
|outstanding|Amount|Book value|Amount|Book value|Amount|Book value|Amount|Book value|
|issued|||||||||

Notes to the basis of other financial instrument classified as financial liabilities
Other notes:
47. Long-term payable
(1) Long-term payable listed by nature of the account
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|

Other notes:
48. Long term payroll payable
(1) List of long term payroll payable
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (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:
49. Special payable
In RMB
|||||||
|-|-|-|-|-|-|
|Items|Opening balance|Increase|Decrease|Closing balance|Formation reasons|

 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
|||||||
|-|-|-|-|-|-|
|Items|Opening balance|Increase|Decrease|Closing balance|Formation reasons|

 Items involved in governmentsubsidies:：
In RMB
||||||||
|-|-|-|-|-|-|-|
|||Amount of newly|Amount accrued|||Related to the|
|Items|Opening balance|||Other changes|Closing balance||
|||subsidy|in non-business|||assets/income|

Other notes:
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 52. Other non-current liabilities
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|

Other notes:
53. Share capital
In RMB
|||||||||
|-|-|-|-|-|-|-|-|
|||Increase ("+") /decrease ("-") for the current year||||||
||Opening|||Share|||Closing|
||balance|Issuance of|Share donation|converted from|Others|Sub-total|balance|
|||new shares||public reserve||||
|||||funds||||
|Total shares|119,375,000.00|0.00|0.00|0.00|0.00|0.00|119,375,000.00|

 Oter notes
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:
Notes:
55. Capital reserves
In：RMB
||||||
|-|-|-|-|-|
|Items|Opening balance|Increase|Decrease|Closing balance|
|Capital premium|344,407,741.07|||344,407,741.07|
|Other capital reserves|614,167,353.22|||614,167,353.22|
|Total|958,575,094.29|||958,575,094.29|

 Other notes, including changes and reason of change:
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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
|||||||||
|-|-|-|-|-|-|-|-|
|||Reporting period||||||
||||Less：Amount|||||
||||transferred|||||
||||into profit and|||||
|||Amountincurredbeforeincome tax|loss in the||After-tax|After-tax||
||Opening|||Less：|||Closing|
|Items||||||||
||||current period||attribute to|attribute to||
||balance|||Income tax|||balance|
||||that recognied||the parent|minority||
|||||expenses||||
||||into other||company|shareholder||
||||comprehensive|||||
||||income in|||||
||||prior period|||||

Other notes, including the adjustment of the recognition of initial amount of effective part of the cash flow hedging gains and losses transfer into arbitraged items:
58. Special reserves
In RMB
||||||
|-|-|-|-|-|
|Items|Opening balance|Increase|Decrease|Closing balance|

 Other notes, including changes and reason of change:
59. Surplus reserves
In RMB
||||||
|-|-|-|-|-|
|Items|Opening balance|Increase|Decrease|Closing balance|
|Statutory surplus|||||
||56,724,000.00|||56,724,000.00|
|reserves|||||
|Discretionary surplus|||||
||68,962,000.00|||68,962,000.00|
|reserves|||||
|Total|125,686,000.00|||125,686,000.00|

Other note, including changes and reason of change
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 60. Retained profits
In RMB
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
|Opening balance of retained profits afteradjustments|-935,253,002.64||
|||-1,015,153,268.99|
|Add: Net profit attributable to owners of theParent company|||
||11,418,319.36|-1,176,802.39|
|Closing retained profits|-923,834,683.28|-1,016,330,071.38|

 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. Revenue and Cost of Sales
In RMB
||||||
|-|-|-|-|-|
||Amount of the Current Term||Amount of the Previous Term||
|Items|||||
||Income|Cost|Income|Cost|
|Main business|503,087,025.50|411,899,437.65|426,970,591.77|355,926,496.01|
|Other business|46,987,232.34|44,641,497.15|41,206,700.11|38,525,651.32|
|Total|550,074,257.84|456,540,934.80|468,177,291.88|394,452,147.33|

 62. Business tax and surcharges
In RMB
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
|Urban maintenance and construction tax|1,875,078.50|927,815.98|
|Educational surtax|882,957.36|494,062.79|
|House tax|874,874.27||
|Business tax|3,636.58|77,605.24|
|Other|822,603.29||
|Total|4,459,150.00|1,499,484.01|

Other notes:
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 63. Sales expenses
In RMB
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
||2,887,786.88|1,990,950.83|
|Employee compensation payable|||
||32,592.77|32,025.64|
|Depreciation costs|||
||103,780.01|123,985.01|
|Office costs|||
|||13,646.99|
|Loading and unloading expenses|||
||3,135,452.31|3,672,205.43|
|Transportation cost|||
||40,746.56|35,884.13|
|Insurance premium|||
||7,397.70|10,205.80|
|Operating funds|||
||80,776.70|32,715.57|
|Exhibition fees|||
||100,164.87|26,600.00|
|Advertising expenses|||
||669,615.71|636,794.69|
|Travel expenses|||
||763,063.83|794,896.71|
|Sale service fees|||
||2,899,469.01|3,244,922.22|
|Repair charges|||
|Warehousing custodian fees|1,580,550.42|1,342,686.29|
|Other expenses|57,439.23|333,884.93|
|Total|12,358,836.00|12,291,404.24|

 Other notes:
64. Administrative expenses
In RMB
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
||25,278,939.52|15,276,005.52|
|Employee compensation payable|||
||6,998,453.47|2,169,131.93|
|Depreciation costs|||
||349,863.66|570,834.88|
|Office costs|||
|Water and electric charge|||
||458,888.14|309,697.62|
|Travel expenses|||
||115,461.79|45,211.30|
|Transportation cost|||
||10,915.68|5,398.59|
|Insurance premium|||
||1,146,810.29|723,998.55|
|Repair charges|||
||346,813.37|328,172.92|
|Consumption of goods and materials|||
||5,548,061.06|5,275,038.66|
|Technological development expenses|||
||1,378,061.53|1,284,863.67|
|Technological transfer fees|||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
||0|2,062,876.53|
|Taxes|||
||365,184.06|365,184.06|
|Amortization of intangible assets|||
||165,266.91|162,536.00|
|Entertainment expenses|||
||4,000.00|86,094.22|
|Conference fees|||
||629,874.75|738,601.23|
|Intermediary service expenses|||
||96,348.77|39,499.88|
|Board meeting fees|||
|Other|3,751,074.51|7,001,809.46|
|Total|46,644,017.51|36,444,955.02|

 Othernotes：
65. Financial expenses
In RMB
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
||19,436,793.78|17,843,846.03|
|Interest expenses|||
||29,113.82|2,464,248.32|
|Less: Interest income|||
||83,667.69|-115,884.16|
|Gains or losses on exchange|||
|Other|-874,278.16|757,378.85|
|Total|18,617,069.49|16,021,092.40|

 Other notes:
66. Asset impairment loss
In RMB
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
|I. Bad debt loss|1,492,613.98|-255,000.99|
|Total|1,492,613.98|-255,000.99|

 Other notes
67. Gains on the changes in the fair value
In RMB
||||
|-|-|-|
|Source|Amount of the Current Term|Amount of the Previous Term|

 Other notes
68. Investment income
In RMB
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
|Long-term equity investment income|||
||1,994,582.10|1,216,436.70|
|calculated by equity method|||
|Total|1,994,582.10|1,216,436.70|

 Othernotes：
69. Other income
In RMB
||||
|-|-|-|
|Source|Amount of current period|Amount of previous period|

70. Non-operating gains
In RMB
|||||
|-|-|-|-|
||Amount of the Current Term|Amount of the Previous Term|Recorded in the amount of the|
|Items||||
||||non-recurring gains and losses|
|Total gains from disposal of|200,962.58|||
|non-current assets||||
|Government Subsidy|36,900.00|449,200.00||
|Other|205,685.17|10,309.47||
|Total|443,547.75|459,509.47||

Government subsidies recorded into current profits andlosses：
In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Whether the||Amount of|Amount of||
|||||impact of|||||
||||||Whhether|||Assets-relate|
|||||||current|previous||
|||Issuing||subsidies on|||||
|Items|Issuing body||Nature||special|||d/income|
|||Reason||the current|||||
||||||subsidies|period|period|-related|
|||||profit and|||||
|||||loss|||||
|Recruitment|||||||||
|subsidy of|||||||||
|Humanreso|||||||||
|urce and|||||||||
|social|||||||||
|bureau|||||||||
|industrial|||||||||
|enterprises|||||||||
|The funds for|||||||||
|international|||||||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||||||
|-|-|-|-|-|-|-|-|-|
|market|||||||||
|development|||||||||
|Industrial|||||||||
|supporting||||||36,900.00|449,200.00||
|funds|||||||||
|Special funds|||||||||
|of foreign|||||||||
|trade and|||||||||
|economic|||||||||
|development|||||||||
|Other|||||||||
|Total|--|--|--|--|--|36,900.00|449,200.00|--|

 Othernotes：
71. Non-operational expenditures
In RMB
|||||
|-|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|Carried to current contingent|
||||gain/loss|
|Total loss from disposal of|142,770.96|||
|non-current assets||||
|Other|24,387.14|318,470.87||
|Total|167,158.10|318,470.87||

Othernotes：
72. Income tax expense
(1) Lists of income tax expense
In RMB
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
|Current income tax expense|600,586.60|300,493.66|
|Total|600,586.60|300,493.66|

 (2) Adjustment process of accounting profit and income tax expense
In RMB
|||
|-|-|
|Items|June 30, 2017|
|Total profit|12,232,607.81|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||
|-|-|
|Income tax expenses|600,586.60|

 Oter notes
73. Other comprehensive income
Refer to the notes
74. 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|86,602.67|2,177,892.38|
|Other|8,468,864.10|2,394,286.13|
|Total|8,555,466.77|4,572,178.51|

 Othernotes：
(2) Other cash paid related to operation
In RMB
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
|Operation fees such as freight,|||
||9,411,628.27|4,032,335.96|
|warehousing fees|||
|Administrative expenses such as office|||
||6,652,129.80|3,662,631.23|
|expenses and traveling expenses|||
|Others|14,562,818.38|1,593,360.76|
|Total|30,626,576.45|9,288,327.95|

 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
(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
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (5) Other cash received related to financing
In RMB
||||
|-|-|-|
|Items|Amount of the Current Term|Amount of the Previous Term|
|Financial note discount received|548,004,868.94|1,338,108,850.64|
|Total|548,004,868.94|1,338,108,850.64|

 Statement on other cash received related to financing
(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|554,303,615.40|1,051,057,474.94|
|Decrease of note deposit|112,867,525.61|38,416,143.30|
|Total|667,171,141.01|1,089,473,618.24|

 Othernotes：
75. Supplementary information to cash flow statement
(1) Information of net profit to net cash flows generated from operating activities
In RMB
||||
|-|-|-|
|Items|Amount of the Current|Amount of the Previous|
||Term|Term|
||--|--|
|1. Net profit adjusted to cash flows from operating activities|||
||11,632,021.21|8,780,191.51|
|Net profits|||
|Add：Provision for assets impairment|1,492,613.98|-255,000.99|
|Depreciation of fixed assets, oil and gas assets and consumable biological|||
||18,527,934.70|16,439,201.10|
|assets|||
||365,184.06|365,184.06|
|Amortization of intangible assets|||
|Amortization of Long-term deferred expenses|727,252.00|727,251.60|
|Loss on disposal of fixed assets, intangible assets and other long-term|||
||142,770.96||
|deferred assets|||
|Financial expenses ("-" for income)|19,057,069.49|16,021,092.40|
||-1,994,582.10|-1,216,436.70|
|Investments losses ("-" for gains)|||
|Decreases in inventories ("-" for increases)|46,514,669.20|-7,793,356.21|
||-51,840,966.48|53,946,293.67|
|Decreases in operating payables ("-" for increases)|||
||18,511,127.89|-25,074,682.65|
|Increases in operating payables ("-" for decreases)|||
||63,135,094.91|61,939,737.79|
|Net cash flows from operating activities|||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|2. Investing and financing activities that do not involving cash receipts|||
||--|--|
|and payment:|||
|3. Net increase in cash and cash equivalents|--|--|
|Closing balance of cash|167,499,879.38|116,473,397.62|
|Less: Opening balance of cash|273,768,758.46|23,643,515.81|
|Net increase in cash and cash equivalents|-106,268,879.08|92,829,881.81|

 (2) Net Cash paid of obtaining the subsidiary
In RMB
|||
|-|-|
||Amount|
|Of which|--|
|Of which|--|
|Of which|--|

Notes:
(3) Net Cash receive of disposal of the subsidiary
In RMB
|||
|-|-|
||金额|
|Of which|--|
|Of which|--|
|Of which|--|

Notes:
(4) Cash and cash equivalents
In RMB
||||
|-|-|-|
|Items|Closing balance|Opening balance|
|I.Cash|167,499,879.38|273,768,758.46|
|Including ：Cash on hand|24,628.87|31,205.34|
|Bank deposit on demand|167,475,250.51|273,737,553.12|
|III. Closing balance of cash and cash|167,499,879.38|273,768,758.46|
|equivalents|||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 Notes:
76. Note of statement of changes in the owner's equity
Explain "other" project name and adjustment amount of the adjustment of closing balance in previous year, etc.: 77. The assets with the ownership or use right restricted
In RMB
||||
|-|-|-|
|Items|Closing book value|Restricted reason|
|||Provide a guarantee for issuance of bank|
|Monetary capital|127,778,538.50||
|||acceptance bills|
|Total|127,778,538.50|--|

Notes:
78. Foreign currency monetary items
(1) Foreign currency monetary items
In RMB
|||||
|-|-|-|-|
||Closing foreign currency||Closing convert to RMB|
|Items||Exchange rate||
||balance||balance|
|Including :USD|456.27|6.9688|3,179.66|

 Notes:
(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
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 79. Arbitrage
Arbitrage According to arbitrage category to disclose arbitrage item, relevant arbitrage tools and the arbitraged risk qualitative and quantitative information:
80.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 of|
||Time and||||||||
|||Cost of||Way to gain||Recognition|acquiree|acquiree|
||place of||Proportion of||||||
|Name||gaining the||the stock|Pruchase date|basis of|during the|during the|
||gaining the||stock rights||||||
|||stock rights||rights||purchase date|purchase date|purchase date|
||stock right||||||||
||||||||to period-end|to period-end|

 Othernotes：
(2) Combined cost and goodwill
In RMB
||
|-|
|Combined cost|

Notes to determination method, consideration and changes of fair value of combined cost:
The main formation reason for the large goodwill:
Other notes:
(3) The identifiable assets and liabilities of acquiree at purchase date
In RMB
|||
|-|-|
|Fair value on purchase date|Book value on purchase date|

 The recognition method of the fair value of identifiable assets and liabilities
Contingent liability of acquiree undertaken by business merger
Other notes:
(4) The profit or loss from equity held by the date before acquisition in accordance with the fair value measuredagain、
Whether there is a transaction that through multiple transaction step by step to realize enterprises merger and
gaining the control during the reorting period
□ Yes√ No
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (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 notes:
2. Business combination under the same control
(1) Business combination under the same control during the reporting period
In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||||||Income from|Net profits|||
||||||the|from the|||
|||||Recognition|||Income|Net profits|
||||||period-begin|reporting|||
||Proportion of||Combination|basis of|||during the|during the|
|Name||Basis|||to the|period to the|||
||the profits||date|combination|||period of|period of|
||||||combination|combination|||
|||||date|||comparison|comparison|
||||||date of the|date of the|||
||||||combination|combination|||

Notes:
(2) Combination cost
In RMB
||
|-|
|Combination cost|

Notes to contingent consideration or other changes:
Other notes:
(3) The book value of the assets and liabilities of the merged party on the date of consolidatio
In RMB
|||
|-|-|
|Combination date|Last closing period|

Contingent liabilities of the combined party undertaken in combination
Other notes:
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 amount and calculation of adjusted rights and interests in accordance with the equity transaction process.
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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. Other reasons for the changes in combination scope
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||||||
|||Registration||shareholding|||
|Name|operating||Nature of business|||Way of gaining|
|||place|||Indirectl||
||place|||Directly|||
||||||y||
||||Production and||||
|Air Conditioner Co.|Chongqing|Chongqing|sale of automotive|100.00%||Investment|
||||air-conditioners||||
||||Domestic sales of|||Business|
||||motorcycles and|||combination|
|Shanghai Jianshe Motorcycle|Shanghai|Shanghai||51.00%|||
||||the relevant|||under common|
||||accessories|||control|

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 notes:
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (2) Significant not wholly owned subsidiary
In RMB
||||||
|-|-|-|-|-|
|||The profits and losses|Declaring dividends|Balance of minority|
||Shareholding proportion||||
|Name||arbitrate to the minority|distribute to minority|shareholder at closing|
||of minority shareholder||||
|||shareholders|shareholder|period|
|Shanghai Jianshe|||||
||49.00%|213,701.85||1,433,987.59|
|Motorcycle Co., Ltd.|||||

Holding proportion of minority shareholder in subsidiary different from voting proportion:
Other notes:
(3) The main financial information of significant not wholly owned subsidiary
In RMB
||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance||||||Opening balance||||||
||||||Non-curr||||||Non-curr||
|||Non-curr||Current||Total||Non-curr||Current||Total|
|Name|Current||Totalassets||ent||Current||Totalassets||ent||
|||ent||Liabilitie||Liabilitie||ent||Liabilitie||Liabilitie|
||assets||||Liabilitie||assets||||Liabilitie||
|||assets||s||s||assets||s||s|
||||||s||||||s||
|Shanghai|||||||||||||
|Jianshe|||||||||||||
||8,711,62|7,174,15|15,885,7|12,959,2||12,959,2|5,982,24|7,443,92|13,426,1|10,935,7||10,935,7|
|Motorcy|||||||||||||
||9.61|8.45|88.06|82.77||82.77|1.44|8.95|70.39|91.32||91.32|
|cle Co.,|||||||||||||
|Ltd.|||||||||||||

In RMB
||||||||||
|-|-|-|-|-|-|-|-|-|
||June 30, 2017||||June 30, 2016||||
||||Total||||Total||
|Name|Operationrevenue|||Operating|Operation|||Operating|
|||Net profit|comprehensi|||Net profit|comprehensi||
|||||cash flow|revenue|||cash flow|
||||ve income||||ve income||
|Shanghai|||||||||
|Jianshe|||||||||
||6,169,703.82|436,126.22|436,126.22|1,814,015.77|7,505,633.73|566,012.42|566,012.42|1,754,089.07|
|Motorcycle|||||||||
|Co., Ltd.|||||||||

Other notes:
(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 notes:
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 2. The transaction of the Company with itsowner’s equity share changed but still controlling the subsidiary (1) Note toowner’s equity share changed in subsidiary
(2) Thetransaction’s influence to equity of minority shareholders and attributable to the owner's equity of the parent company
In RMB
 Other notes
3. Equity in joint venture arrangement or associated enterprise
(1) Significant joint venture arrangement or associated enterprise
||||||||
|-|-|-|-|-|-|-|
|||||Shareholding ratio (%)||Accounting|
|||||||treatment|
|Name of joint|||||||
||Domicile of|||||methods for the|
|venture or||Registered place|Business nature||||
||primary operation|||Directly|Indirectly|investments in|
|associate|||||||
|||||||joint ventures or|
|||||||associates|
||||Production and||||
|Chongqing|||sales of||||
|||||49.00%||Equity method|
|Pingshan TK|||motorcycles and||||
|Carburettor Co.,|||the relevant||||
|Ltd.|Chongqing|Chongqing|accessories||||

Notes to holding proportion of joint venture or associated enterprise different from voting proportion:
Basis of holding less than20% of the voting rights but has a significant impact or holding20% or more voting rights but does not have a significant impact:
（2）Major joint ventures and associates
In RMB
||||
|-|-|-|
||Closing balance/June 30, 2017|Opening balance/June 30, 2016|
|Current assets|168,577,815.92|171,159,279.38|
|Including：Cashand cash equivalents|102,666,236.99|98,235,139.01|
|Not-current assets|23,137,339.55|24,433,588.43|
|Total assets|191,715,155.47|195,592,867.81|
|Current Liabilities|26,082,019.34|25,841,618.24|
|Total Liabilities|26,082,019.34|25,841,618.24|
|Equity attributable to the shareholders of|||
||165,633,136.13|169,751,249.57|
|parent company|||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||
|-|-|-|
|Operating income|64,818,695.71|60,652,899.25|
|Financial expenses|-435,670.01|-724,443.07|
|Income tax expenses|1,007,753.29|557,822.50|
|Net profit|4,070,575.72|2,482,523.87|
|Total comprehensive income|4,070,575.72|2,482,523.87|
|Dividends received from joint ventures for|||
||4,000,000.00|3,400,000.00|
|the current year|||

Other notes
(3) Main financial information of significant associated enterprise
In RMB
|||
|-|-|
|Closing balance/June 30, 2017|Opening balance/June 30, 2016|

 Other notes
(4) Summary financial information of insignificant joint venture or associated enterprise
In RMB
||||
|-|-|-|
||Closing balance/June 30, 2017|Opening balance/June 30, 2016|
|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 notes:
(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|The noncumulative|
|Name|losses in proevious|share of net profit in reporting|unrecognized losses in reporting|
||accumulatively derecognized|period|period|

Other notes:
(7) The unrecognized commitment related to joint venture investment
(8) Contingent liabilities related to joint venture or associated enterprise investment
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 4. Significant common operation
|||||||
|-|-|-|-|-|-|
||Main operating|||Proportion /share portion||
|Name|plance 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 notes
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
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||||
|Items|Fair value measurement|Fair value measurement|Fair value measurement||
|||||Total|
||items at level 1|items at level 2|items at level 3||
|I. Consistent fair value|||||
||--|--|--|--|
|measurement|||||
|II Inconsistent fair|||||
||--|--|--|--|
|valuemeasuement|||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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
|||||||
|-|-|-|-|-|-|
||Registered||Registered|Shareholding ratio in|Voting ratio in the|
|Name of the parent company||Business nature||||
||place||capital|the Company (%)|Company (%)|
|||Production and||||
|chongqing construction mechanical|Chongqin|sales of||||
||||180.30 million|71.13%|71.13%|
|and electrical Co. Ltd.|g|motorcycles and||||
|||parts||||

Notes
The ultimate controller of the Company is
Other notes
2. Subsidiaries of the Company
See notes
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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|
|Chongqing Pingshan TK Carburettor Co., Ltd.("Pingshan TK")|Joint venture|
|Chongqing Tongsheng Machinery Co., Ltd.("Tongsheng||
||Original associates venture, now associates of parent company|
|Jianshe")||
|Chongqing Fuyeda Property Management Co., Ltd.("Fuyeda")|Original associates venture, now associates of parent company|

 Other notes
4.Other related parties of the Company
|||
|-|-|
|Name of other related parties|Relationship with the Company|
|Chongqing Jianshe Industrial (Group) Co., Ltd. ("Jianshe industry ")|Under the common control of the same party|
|China South Industries Group Finance Co., Ltd. ("South Finance Company ")|Under the common control of the same party|
|Chongqing Changan Motor Joint Stock Limited Company ("Changan Motor ")|Under the common control of the same party|
|Chongqing Changan Automobile Co., Ltd. Beijing Changan Automobile Company||
||Under the common control of the same party|
|(“Beijing Changan“)||
||An Joint venture a subsidiary of a controlling|
|Chongqing Changan Suzuki Motor Co., Ltd. ("Changan Suzuki ")||
||shareholder|
|Hebei Changan Motor Co., Ltd. ("Hebei Changan ")|Under the common control of the same party|
|Nanjing Changan Motor Co., Ltd. ("Nanjing Changan ")|Under the common control of the same party|
|Baoding Changan Bus Manufacturing Co., Ltd (“Baoding Changan“)|Under the common control of the same party|
|Hefei Changan Motor Co.Ltd (“Hefei Changan’)|Under the common control of the same party|
|Chongqing Changan Motor Customer Service Co., Ltd. ("Changan Motor Customer||
||Under the common control of the same party|
|Service ")||
|Chongqing Changan Automobile International Sales & Service Co., Ltd（“Changan||
||Under the common control of the same party|
|Automobile sales “）||
|Chongqing North Construction import and export trade co.ltd (“import and export||
||Under the common control of the same party|
|company”)||
|Chongqing jianshe sales co. Ltd(“the sales company”)|Under the common control of the same party|
|Hafei Motor share company(“Hafei motor”)|Under the common control of the same party|
||An Joint venture a subsidiary of a controlling|
|Changan Ford Motor Co.Ltd Harbin branch (“Changan Ford Harbin branch”)||
||shareholder|
|Harbin dongan Motor Power shares Co. Ltd(“Harbin dongan power”)|Under the common control of the same party|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 Other notes
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 current|Trading limit|Over the trading limit|Occurred in previous|
|Related party|Content|||||
|||term|approved|or not?|term|
||Purchasing parts|27,450,000.00|80,000,000.00|No|971,500.42|
|Jianshe Machinery||||||
||and others|||||
||Purchasing parts|||||
|Import & export Co||15,250,000.00|32,000,000.00|No|42,304,131.95|
||and others|||||
||Lease production|||||
|Jianshe Machinery||0.00|2,500,000.00|No||
||site|||||
|Jianshe Industry|Part test|830,000.00|2,000,000.00|No||
|Chongqing Jianya|Part test|4,000.00|20,000.00|No||
|Fuyeda|Transportion|254,000.00|600,000.00|No||
||Accepta nce of|||||
|Cbangan Group and||||||
||repairin g service|1,030,000.00|5,000,000.00|No||
|its Subsidiaries||||||

Sales of goods and services
In RMB
|||||
|-|-|-|-|
||Subjects of the related|Occurred current|Occurred in previous|
|Related parties||||
||transactions|term|term|
|Cbangan Group and its Subsidiaries|Sales of goods|91,070,000.00|181,578,578.06|
|Jianshe Machinery|Lease storeouse|0.00||

Notes
(2) Related trusteeship/contract
Lists of related trusteeship/contract
In RMB
||||||||
|-|-|-|-|-|-|-|
|Name of the|Name of the|||||Income|
|entruster/Contract|entrustee/Contrac|Type|Initial date|Due date|Pricing basis|recognized in the|
|ee|tor|||||reporting period|

Notes
Lists ofentrust/contractee：
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 In RMB
||||||||
|-|-|-|-|-|-|-|
|Name eof the|Name of the|||||Charge|
|entruster/Contract|entrustee/Contrac|Type|Initial date|Due date|Pricing basis|recognized in the|
|ee|tor|||||reporting period|

 Notes:
(3) Information of related lease
The Company was lessor:
In RMB
|||||
|-|-|-|-|
|||The lease income confirmed in|The lease income confirmed in|
|Name of lessee|Category of leased assets|||
|||this year|last year|
|Jianshe mechanical and||||
||Workshop Equipment|1,844,995.60||
|electrical||||

The Company waslessee：
In RMB
|||||
|-|-|-|-|
|||The lease income confirmed in||
|Lessor|Category of leased assets||Category of leased assets|
|||this year||
|Jianshe mechanical and||||
||Workshop|1,131,405.41||
|electrical||||

Notes:
(4) Related-party guarantee
The Company was guarantor
In RMB
||||||
|-|-|-|-|-|
|||||Execution accomplished|
|Secured party|Guarantee amount|Start date|End date||
|||||or not|

The Company was secured party
In RMB
||||||
|-|-|-|-|-|
|||||Execution accomplished|
|Guarantor|Guarantee amount|Start date|End date||
|||||or not|
|Vehicle air conditioner|2,000.00|August 24,2016|February 24,2017|Yes|
|Vehicle air conditioner|1,453.00|October 18,2016|April 18,2017|Yes|
|Vehicle air conditioner|1,097.00|October 18,2016|April 18,2017|Yes|
|Vehicle air conditioner|2,500.00|November 29,2016|May 28,2017|Yes|
|Vehicle air conditioner|2,500.00|December 6,2016|June 6,2017|Yes|
|Vehicle air conditioner|2,450.00|January 17,2017|July 17,2017|No|
|Vehicle air conditioner|5,000.00|August 25,2016|August 24,2017|No|
|Vehicle air conditioner|2,000.00|February 10,2017|August 10,2017|No|
|Vehicle air conditioner|1,453.00|April 7,2017|October 7,2017|No|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||
|-|-|-|-|-|
|Vehicle air conditioner|1,097.00|April 11,2017|October 11,2017|No|
|Vehicle air conditioner|2,500.00|May 5,2017|November 5,2017|No|
|Vehicle air conditioner|2,500.00|June 7,2017|December 7,2017|No|

Notes
The above acceptance of the controlling shareholder- Jianshe Mechanical and Electric 's guarantee has been approved by the shareholders' general meeting. For details, please refer to the announcements published on Securities Times, Hong Kong Commercial Daily and Cninfo website on April 28, 2017 and on May 26, 2017.
(Announcement No.2017-07and 2017-042).
(5) Inter-bank lending of capital of relatedparties：
In RMB
||||||
|-|-|-|-|-|
||Amount borrowed and||||
|Related party||Initial date|Due date|Notes|
||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||
|Projects|Related parties|||||
|||Book balance|Bad debt provision|Book balance|Bad debt provision|

（2）Payables
In RMB
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||||
|-|-|-|-|
|Items|Related party|Closing book value|Openting book value|

 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
As of June 30, 2017, the company does not need to discourse
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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 estimate|
|Items|Conternt|Financial position and operating||
||||influence number|
|||results||

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 report||
|Content|Processing program||Accumulative impact|
|||items during comparison period||

（2）Prospective application
||||
|-|-|-|
|Content|Processing program|Reason of adopting prospective application|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 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|
|||||Income tax||profits|
|Items|Income|Expenses|Total profit||Net profit||
|||||expenses||attributable to the|
|||||||parent company|
|||||||owner|

 Other notes:
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|

(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 oninvestors’ 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
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance|||||Opening balance|||||
||Book balance||Bad debt provision|||Book balance||Bad debt provision|||
|Category|||||Book||||||
|||Proportio||Proportion %|||Proportio||Proportion|Book value|
||Amount||Amount||value|Amount||Amount|||
|||n %|||||n %||%||
|Accounts receivable|||||||||||
|with provision for|||||||||||
||1,733,097.58||1,728,79|||1,733,0||1,728,790|||
|bad debt made on a||100.00%||99.75%|4,307.10||100.00%||99.75%|4,307.10|
|portfolio with similar|||0.48|||97.58||.48|||
|risk credit|||||||||||
|characteristics basis|||||||||||
||1,733,097.58||1,728,79||4,307.10|1,733,0||1,728,790||4,307.10|
|||100.00%||99.75%|||100.00%||99.75%||
|Total|||0.48|||97.58||.48|||

Accounts receivable with significant single amount for which bad debt provision separately accrued at the period-end
□ Applicable√ Not applicable
In the groups, accounts receivable adopting aging analysis method to accrue bad debt provision:
√ Applicable□ Not applicable
In RMB
|||||
|-|-|-|-|
||Closing balance|||
|Aging||||
||Accounts receivable|Provision for bad debts|Proportion of provision (%)|
|Subitem within 1 year||||
|2-3 years|6,153.00|1,845.90|30.00%|
|Over 5 years|1,726,944.58|1,726,944.58|100.00%|
|Total|1,733,097.58|1,728,790.48||

Notes of the basis of recognizing the group:
In the groups, accounts receivable adopting balance percentage method to withdraw bad debt provision
□Applicable√ Not applicable
In the groups, accounts receivable adopting other methods to accrue bad debt provision:
(2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision during the reporting period was of RMB0.00; the amount of the reversed or collected part during the reporting period was of RMB 0.00.
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
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
|||
|-|-|
|Items|Amount|

Of which the significant actual write-off accounts receivable:
In RMB
|||||||
|-|-|-|-|-|-|
||||||Whether occurred|
|Name|Nature|Amount|Reason|Process|from the related|
||||||transactions|

 Notes of the write-off the accounts receivable:
(4) Top 5 of the closing balance of the accounts receivable colleted according to the arrears party
The top five accounts receivable by the credit balance as at June 30, 2017 total RMB 1,561,146.14, accounting for90.08% of total amount of balance as at June 30, 2017 of accounts receivable, and the balance as at June 30, 2017 of provision for bad debts provided correspondingly totals RMB1,561,146.14.
(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 notes:
2. Other accounts receivable
(1) Other accounts receivable disclosed by category
In RMB
||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|
||Closing balance|||||Opening balance|||||
||Book balance||Bad debt provision|||Book balance||Bad debt provision|||
|Category|||||Book||||||
|||Proportio||Proportio|||Proportio||Proportion|Book value|
||Amount||Amount||value|Amount||Amount|||
|||n %||n %|||n %||%||
|Other receivables|||||||||||
|with provision for|||||||||||
||9,685,79||4,403,82||5,281,967|9,425,1||4,403,827||5,021,347.0|
|bad debt made on a||96.41%||45.47%|||96.31%||46.72%||
|portfolio with similar|5.05||7.20||.85|74.24||.20||4|
|risk credit|||||||||||
|characteristics basis|||||||||||
|Other receivables|||||||||||
|with insignificant|||||||||||
||361,125.||361,125.|||361,125||361,125.3|||
|single amount and||3.59%||100.00%|0.00||3.69%||100.00%||
|provision for bad|35||35|||.35||5|||
|debt made on an|||||||||||
|individual basis|||||||||||

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||||||
|-|-|-|-|-|-|-|-|-|
||10,046,920.40|4,764,95|5,281,967.85|9,786,2||4,764,952||5,021,347.04|
||||||100.00%||48.69%||
|Total||2.55||99.59||.55|||

 Other accounts receivable with significant single amount for which bad debt provision separately accrued at the period-end
□ Applicable√ Not applicable
In the groups, other accounts receivable adopting aging analysis method to accrue bad debt provision:
√Applicable□ Not applicable
In RMB
|||||
|-|-|-|-|
||Closing balance|||
|Aging||||
||Other receivables|Provision for bad debts|Proportion of provision (%)|
|Subitem within 1 year||||
|1-6 months|3,755,400.33|||
|Subtotal within 1 year|3,755,400.33|||
|1-2 years|1,696,186.13|169,618.61|10.00%|
|Over 5 years|4,234,208.59|4,234,208.59|100.00%|
|Total|9,685,795.05|4,403,827.20||

Notes of the basis of recognizing the group:
In the groups, other accounts receivable adopting balance percentage method to withdraw bad debt provision□Applicable√ Not applicable
In the groups, other accounts receivable adopting other methods to accrue bad debt provision:
□Applicable√ Not applicable
2) Accounts receivable withdraw, reversed or collected during the reporting period
The withdrawal amount of the bad debt provision during the reporting period was of RMB0.00；the amount of the reversed or collected part during the reporting period was of RMB 000.
Of which the significant amount of the reversed or collected part during the reporting period
In RMB
||||
|-|-|-|
|Name|Reversed or collected amount|Method|

(3) The actual write-off other accounts receivable
In RMB
|||
|-|-|
|Items|Amount|

Of which the significant write-off other accounts receivable:
In RMB
|||||||
|-|-|-|-|-|-|
||||||Whether occurred|
|Name|Nature|Amount|Reason|Process||
||||||from the related|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||
|-|
|transactions|

 Notes of write-off other accounts receivable:
(4) Other accounts receivable classified by the nature of accounts
In RMB
||||
|-|-|-|
|Nature|Closing book balance|Opening book balance|
|Current account|44,037.12|667,041.51|
|Petty cash and borrowings with small amount|5,407,549.34|4,523,924.14|
|Fully provided provision for bad debts|||
||4,595,333.94|4,595,333.94|
|regarding long-term receivables and payables|||
|Other|||
|Total|10,046,920.40|9,786,299.59|

 (5) Top 5 of the closing balance of the other accounts receivable colleted according to the arrears party
In RMB
|||||||
|-|-|-|-|-|-|
||||Aging|Proportion of the||
|||||total year end|Closing balance of|
|Name|Nature|Closing balance||||
|||||balance of the|bad debt provision|
|||||accounts receivable||
|Top 5 of the closing||||||
|balance of the other||||||
|accounts receivable||5,132,834.93|Over 5 years|51.09%|4,244,328.04|
|colleted according to||||||
|the arrears party||||||
|Total|--|5,132,834.93|--|51.09%|4,244,328.04|

 (6) Accounts receivable involved with government subsidies
In RMB
||||||
|-|-|-|-|-|
|||||Estimated received time,|
|Name|Project of government|Opening balance|Closing balance||
|||||amount and basis|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 (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 notes:
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 insubsidiaries|||||||
||168,160,000.00||168,160,000.00|168,160,000.00||168,160,000.00|
|Investments inassociates andjoint ventures|||||||
||81,252,694.41||81,252,694.41|83,178,112.31||83,178,112.31|
||249,412,694.41||249,412,694.41|251,338,112.31||251,338,112.31|
|Total|||||||

（1） Investments in subsidiaries
In RMB
||||||||
|-|-|-|-|-|-|-|
||||||Provision for|Balance as at June|
|Investee|Opening balance|Increase|Decrease|Closing balance|impairment in the|30, 2015 of|
|||||||provision for|
||||||period|impairment|
|Shanghai Jianshe|||||||
|Motorcycle Co.,|8,160,000.00|||8,160,000.00|||
|Ltd.|||||||
|Chongqing Jianshe|||||||
|Automobile A/C|160,000,000.00|||160,000,000.00|||
|Co., Ltd.|||||||
|Total|168,160,000.00|||168,160,000.00|||

（2）Investments in associates and joint ventures
In RMB
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||Increases/decreases in the current year|||||||Balance|
||||||Declaration of cashdividendsor profits||||as at June|
||||||||||30, 2017|
||Opening|Additiona|Other|||Impairme||Closing|of|
|Investee||||Changes||||||
||Balance|l|comprehe|in other||nt|Other|balance|provision|
|||investmen|nsive|||||||
|||t|income|equity||provision|||for|
||||||||||impairme|
||||||||||nt|

Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017
||||||
|-|-|-|-|-|
|1. Joint ventures|||||
|Chongqin|||||
|g|||||
|Pingshan|||||
||83,178,11|2,074,582|4,000,000|81,252,69|
|TK|||||
||2.31|.10|.00|4.41|
|Carburett|||||
|or Co.,|||||
|Ltd.|||||
||83,178,11|2,074,582|4,000,000|81,252,69|
|Subtotal|||||
||2.31|.10|.00|4.41|
|2．Associates|||||
||83,178,112.31|2,074,582|4,000,000|81,252,694.41|
|Total|||||
|||.10|.00||

（3）Other Notes
4. Operation income and operation cost
In RMB
||||||
|-|-|-|-|-|
||Occurred current term||Occurred in previous term||
|Items|||||
||Income|Cost|Income|Cost|
|||||182,250.38|
|Major business turnover|||||
||339,527,118.70|305,125,226.46|336,824,318.43|313,368,020.89|
|Other business income|||||
||339,527,118.70|305,125,226.46|336,824,318.43|313,550,271.27|
|Total|||||

 Othernotes：
5. Investment income
In RMB
||||
|-|-|-|
|Items|Occurred current term|Occurred in previous term|
|Long-term equity investment gains on equity|||
||1,994,582.10|1,216,436.70|
|basis|||
|Total|1,994,582.10|1,216,436.70|

 6.Other
XVIII. Supplementary Information
1. Details of non-recurring gain/loss of the term
√ Applicable□ Not applicable
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 In RMB
||||
|-|-|-|
|Items|Amount|Notes|
|Non-current asset disposal gain/loss|58,191.62||
|Govemment subsidy recognized in current gain and loss(excluding those closely related to the|||
||36,900.00||
|Company’s business and granted under the state’s policies)|||
|Other non-business income and expenditures other than the above|181,298.03||
|Total|276,389.65|--|

 Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item
□ Applicable√Not applicable
2. Net income on asset ratio and earning per share
In RMB
|||||
|-|-|-|-|
|||Earnings per share||
|Profit of the report period|||Diluted earnings per|
||Net income on asset, weighted|Basic earnings per share||
||||share|
|Net profit attributable to common|4.17%|0.0957|0.0957|
|shareholders of the Company||||
|Net profit attributable to the||||
|common owners of the PLC after|4.05%|0.0933|0.0933|
|deducting of non-recurring||||
|gains/losses||||

3. 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√ Notapplicable
(2) Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards
□ Applicable√ Not applicable
(3) Explain reasons for the differences between accounting data under domestic and overseas accounting standards, for audit data adjusting differences had been foreign audited, should indicate the name of the foreign institutions
4.Other
Chongqing Jianshe Motorcycle Co., Ltd. The Semi-annual Report 2017 XI. 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 theCompany’s documents and public notices publicized by the presses designated by China Securities Regulatory Commission in the report period;
Chongqing Jianshe Motorcycle Co., Ltd. Board chairman:Lv Hongxian August 29,2017