Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Annual Report 2017
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Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Annual Report 2017 Stock code: 200054 Stock Abbreviation: Jianmo B Announcement No.: 2018-007 Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Annual Report 2017 1。 Important notes The summary is abstract from full-text of summary of the semi-annual report, for more details information , investors should found in the full-text of annual report that published on website of Shenzhen Stock Exchange and other website appointed by CSRC. Objection statement of directors, supervisors and senior executives Name Position Content and reason Statement Other directors attending the Meeting for annual report deliberation except for the followed: The name of director who did The name of director who was Positions Reason not attend the meeting in person authorized Wang Jun Independent director Business trip Li Dingqing Non-standard auditor’s opinion □ Applicable √ Not applicable Plans for profit distribution on ordinary shares or conversion of capital reserves into share capital proposed to the Board during the reporting period. □ Applicable √ Not applicable The Company will not distribute ash dividend or bonus shares, neither capitalizing of common reserves for the report period. Plans for profit distribution on preference shares for the reporting period approved by the Board □ Applicable √ Not applicable II. Basic information about the company 1. Company profile Stock ID Jianshe Vehicle B Stock Code 200054 Stock Exchange Listed in Shenzhen Stock Exchange Abbreviations for stocks before Jianmo B change( If any) Contact person and contact manner Board secretary Securities affairs Representative Name Lu Hongxian Liu Hongyu No.1 Jianshe Road, Huaxi Industrial Zone, No.1 Jianshe Road, Huaxi Industrial Zone, Office address Ba’nan District , Chongqing Ba’nan District , Chongqing Fax 023-66295333 023-66295333 Tel 023-66295333 023-66295333 E-mail [email protected] [email protected] 1 Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Annual Report 2017 2. Brief introduction to the main business or products in the reporting period The company engages mainly in production and sales of the vehicle air compressor including the vane iron and aluminous compressor, piston swash-plate fixed discharge rate compressor, piston swash-plate variable discharge rate compressor and motor compressor (with the discharge rate from 32cc to 480cc), has been awarded “China Famous Brand”, “High-quality Product of French Technological Quality Surveillance Evaluation Commission” and “China Recommended Product for Entry into WTO”, etc. for products and has the strategical cooperative partners including the leading production and sales volume in terms of finished automobile such as Chanan Auto, PEUGEOT, Dongfeng Nissan, Changan Suzuki and Great Wall Automobile, etc. 3.Major accounting data and financial indicators (1)Major accounting data and financial indicators for the last three years Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data. □ Yes √ No In RMB Changed over last year 2017 2016 2015 (%) Operating Gross income(Yuan) 1,009,531,078.68 873,286,486.75 15.60% 1,341,331,910.93 Net profit attributable to the shareholders of the listed company 14,375,111.84 12,267,006.14 17.19% 240,735,112.20 (Yuan) Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed 13,866,734.69 12,908,428.98 -4.40% -255,602,553.80 company(Yuan) Cash flow generated by business 62,980,107.16 108,619,119.02 -42.02% 82,306,010.61 operation, net(Yuan) Basic earning per 0.120 0.103 16.50% 2.017 share(Yuan/Share) Diluted gains per 0.120 0.103 16.50% 2.017 share(Yuan/Share)(Yuan/Share) Net asset earning ratio(%) 5.22% 4.68% 0.54% 175.35% End of Changed over last year End of 2017 End of 2015 2016 (%) Gross assets(Yuan) 1,302,238,427.15 1,559,334,881.03 -16.49% 1,550,615,831.44 Net assets attributable to shareholders of the listed company 282,758,203.49 268,383,091.65 5.36% 256,116,085.51 (Yuan) (2)Main Financial Index by Quarters In RMB First quarter Second quarter Third quarter Fourth quarter Operating income 304,027,257.44 246,047,000.40 213,507,572.24 245,949,248.60 Net profit attributable to the 9,821,043.23 1,597,276.13 3,184,880.64 -228,088.16 shareholders of the listed company Net profit after deducting of non-recurring gain/loss attributable 9,038,679.96 2,103,249.75 2,624,001.74 247,571.72 to the shareholders of listed company Net Cash flow generated by 42,677,534.79 20,457,560.12 19,834,730.29 -19,989,718.04 business operation Whether significant variances exist between the above financial index or the index with its sum and the financial index of the quarterly report as well as semi-annual report index disclosed by the Company. 2 Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Annual Report 2017 □ Yes √No 4.Share capital and shareholders (1)Number of holders of ordinary shares and preference shares with restored voting right and Top 10 shareholders In shares Total number Total Total The total number of common shareholders at preferred sharehold of preferred shar shareholders at the end of the ers at the end of the 8,270 8,173 eholders voting ri 0 0 the end of the month from the month from the date ghts restored at p reporting date of disclosing of disclosing the eriod-end period the annual report annual report Shareholdings of Top 10 shareholders Number of Number or share Shareholders Nature of Proportion of shares held pledged/frozen ( ) Amount of restricted shares held shareholder shares held % at period -end State of share Amount Chongqing Jianshe State-owned Mechanical and 71.13% 84,906,250 84,906,250 Freeze 6,900,000 legal person Electric Co., Ltd. Domestic Gu Zuocheng natural 1.89% 2,261,000 2,218,750 person Anhui Domestic Hengsheng non-state-ow Economic 1.47% 1,750,000 1,750,000 ned legal Development person Group Co., Ltd. Domestic Liu Dan natural 0.86% 1,032,201 0 person Domestic Yu Lingfeng natural 0.52% 623,621 0 person Domestic Chen Xinqiang natural 0.51% 612,400 0 person Domestic Xu Yuanhui natural 0.51% 610,789 0 person Domestic Zhang Meilan natural 0.43% 513,560 0 person Domestic Feng Yonghui natural 0.42% 500,000 500,000 person CORE PACIFIC-YAM AICHI Overseas 0.36% 424,550 0 INTERNATION legal person AL (H.K.) LIMITED There isn’t any associated relationship between the sponsoring shareholder and the other Explanation on associated shareholders among the top-10 list. None of them are regarded as ‘Acting in concert’ in accordance relationship among the with ‘The rules of information disclosure on change of shareholding.’ Foreign shareholders are aforesaid shareholders unknown for their condition of ‘Associated relationship’ and ‘Acting in concert’. (2)Total preference shareholders and the shares held by the Top 10 Preference shareholders □ Applicable √ Not applicable 3 Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Annual Report 2017 Nil (3)Block diagram of the ownership and control relations between the Company and the actual controller 国务院国有资产监督管理委员会 100% 中国兵器装备集团有限公司 100% 重庆建设机电有限责任公司 71.13% 重庆建设摩托车股份有限公司 5. Corporation bonds Whether the company has corporate bonds that have been publicly issued and listed on the stock exchange, and not yet due or due butnot folly cashed on the approval date of annual report No III. Discussion and Analysis of the Management 1. Business Operation summary in the reporting period Whether the company needs to comply with the disclosure requirements of the particular industry No For the year, the company planned the sales volume of the vehicle air compressors 2.3 million with the sales revenue of 880 million yuan. It completed the actual sales volume 2.316 million accounting for 101% of that planned at the beginning of the year and realized the actual operation revenue 909 million yuan accounting for 103% of that planned at the beginning of the year. 1. Industrial structure adjustment. In the current year, the company transfers shares of Shanghai Construction and exits from the motorbike industry; purchases the automobile part processing equipment and integrates the automobile air condition compressor supporting processing business; establishes Han’ang Joint Venture and fills up the product and technology vacancy thereof. 2. Market structure optimization. Firstly, the company strengthens management and development of large clients. The company has cultivated 11 large clients including the top three automobile proprietary brands in China (Chana, Geely Auto and Great Wall Automobile), which accounts for 91.2% of the sales volume. Secondly, the company has been focusing on the international market development. The international market key points include PSA market development strengthening, Iranian market recovery, the market deep development in Malaysia and South America and the new market development in India for the purpose of its rapid development. The sales amount in 2017 hit 582,500 with 293% increase compared with that in the last year. Thirdly, the company develops the new energy market positively. It entered into Levdeo low-speed electrocar project smoothly, won Chana A002EV project, realized the bulk supply for the pure electric logistic vehicle of Taichang (Dongfeng Special Vehicle) and Jiangxi Xindian (Foton) and finished the power-driven products design for passenger cars basically. 4 Chongqing Jianshe Vehicle System Co., Ltd. Summary of the Annual Report 2017 3. Strengthening R&D capacity. Firstly, it finished the testing capacity construction project wholly, put semi-anechoic room for finished automobile into usage and obtained the low-temperature capacity approval by CNAS.