2017 Third Quarter Report
Of
Chongqing Changan Automobile Company Limited
October, 2017
1
Chapter 1 Important Notes
The Board of Directors, the Supervisory Committee and directors, supervisors and senior management of
Chongqing Changan Automobile Company Limited (hereinafter referred to as “the Company”) hereby guarantee
that no false or misleading statement or major omission was made to the materials in this report and that they will
assume all the responsibilities, individually and jointly, for the truthfulness, accuracy and completeness of the
contents of this report.
All directors attended the board meeting for reviewing the third quarter report.
The Chairman of the Board Zhang Baolin, the Chief Financial Officer Wang Kun and the responsible person
of the accounting institution (Accountant in charge) Mr. Chen Jianfeng guarantee the truthfulness, accuracy and
completeness of the financial statements of the quarter report.
The report shall be presented in both Chinese and English, and should there be any conflicting understanding
of the text, the Chinese version shall prevail.
2
Chapter 2 Basic Information
1. Main accounting data and financial indicators
Does the company conduct the retrospective adjustment or restatement of previous years accounting data due to
changes in accounting policies or accounting errors?
□Yes √No
RMB Yuan
Increase/decrease
2017.9.30 2016.12.31
(%)
Total asset 104,378,966,918.19 106,510,473,733.93 -2.00%
Net asset attributable to the
46,337,877,033.36 43,573,812,403.87 6.34%
shareholders of the listed company
Changes of Reporting Changes of Reporting
Jul-Sep. 2017 Period in the same Jan.-Sep. 2017 Period in the same
Period last year （％） Period last year （％）
Operation total income 17,875,967,836.92 0.40% 51,431,180,946.38 -4.06%
Net profit attributable to
1,190,050,794.41 -47.07% 5,810,596,533.93 -24.92%
shareholders of the listed company
Net profit attributable to the
shareholders of the listed company
1,073,458,948.50 -51.74% 4,638,654,413.67 -36.25%
after deducting of non-recurring
gain/loss
Net cash flow generated by business
operation ╱ ╱ 747,699,887.02 -88.48%
Basic earnings per share 0.25 -47.92% 1.21 -27.11%
Diluted earnings per share 0.25 -47.92% 1.21 -27.11%
Return rate on net assets 2.60% Down 3.33% 12.93% Down 8.15%
Accidental gain/loss item and amount
√ Applicable □ Not applicable
In RMB Yuan
Amount of the period from the beginning of year
Item
to the end of report term
Gain/loss of non-current assets (including the writeoff part of the
7,924,271.06
impairment provision for the provision of assets)
Government subsidies accounted into current gain/loss account, other than
those closely related to the Company’s common business, comply with the 1,244,863,738.48
national policy and continues to enjoy at certain fixed rate or amount
Other non-business income and expenditures other than the above 99,900,096.25
Less: Influenced amount of income tax 79,153,867.72
Influenced amount of minority shareholders’ equity 101,592,117.81
Total 1,171,942,120.26
According to “Public offering of securities information disclosure of the company's information disclosure announcement No. 1 –
non-recurring gains and losses “Public offering of securities information disclosure of the company's information disclosure
announcement No. 1 – non-recurring gains and losses” defined non-recurring items ,and Public offering of securities information
disclosure of the company's information disclosure announcement No. 1 - non-recurring gains and losses “The items listed in the
non-recurring items defined as recurring items shall be explained .
□ Applicable √Not applicable
The company in the reporting period does not base on the definition and listing of “Public offering of securities information
disclosure of the company's information disclosure announcement No. 1 – non-recurring gains and losses” about non-recurring gains
and losses to define a case of recurring profit or loss.
2. Total number of shareholders at the end of the reporting period and statement on shares held by the top
ten shareholders
3
2.1 Total number of shareholders at the end of the reporting period and statement on shares held by the top ten
shareholders
Unit: share
As of the reporting period, the total Total number 196,960, of which 167,836 were A share shareholders and 29,124 were B share
number of shareholders shareholders.
Top 10 Shareholders
Nature of Shareholding Number of Conditional Pledging or freezing
Name of the shareholder
shareholder (%) shares shares Share status Amount
State-owned legal No pledge or
China Changan Automobile Co., Ltd. 40.88 1,963,357,619 139,762,403 -
person shares frozen
domestic general No pledge or
China securities finance Co, Ltd 2.97 142,671,560 -
legal person shares frozen
United Prosperity Investment Co., foreign legal No pledge or
1.95 93,416,043 -
Limited person shares frozen
foreign legal No pledge or
GIC PRIVATE LIMITED 1.86 89,325,104 -
person shares frozen
domestic general No pledge or
Central Huijin Investment Ltd. 1.15 55,393,100 -
legal person shares frozen
National Social Security Fund- fund, finance No pledge or
0.89 42,607,294 -
Portfolio 102 products, etc. frozen
VALUE PARTNERS foreign legal No pledge or
0.81 38,911,038 -
HIGH-DIVIDEND STOCKS FUNDS person shares frozen
Anbang AM-China Merchants Bank-
fund, finance No pledge or
Anbang Asset -Win - win No. 3 AM 0.67 32,070,942 -
products, etc. frozen
Product
Anbang AM-China Merchants Bank- fund, finance
No pledge or
Anbang Asset -Refined Mix No. 5 AM products, etc. 0.65 31,082,094 -
frozen
Product
foreign legal No pledge or
Monetary Authority of Singapore 0.58 27,816,295 -
person shares frozen
Top 10 holders of unconditional shares
Amount of shares Category of shares
Name of the shareholder without sales
restriction Category of shares Amount
China Changan Automobile Co., Ltd. 1,823,595,216 RMB Ordinary share 1,823,595,216
China securities finance Co, Ltd 142,671,560 RMB Ordinary share 142,671,560
Domestic listed foreign
United Prosperity Investment Co., Limited 93,416,043 93,416,043
shares
Domestic listed foreign
GIC PRIVATE LIMITED 89,325,104 89,325,104
shares
Central Huijin Investment Ltd. 55,393,100 RMB Ordinary share 55,393,100
National Social Security Fund- Portfolio 102 42,607,294 RMB Ordinary share 42,607,294
Domestic listed foreign
VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS 38,911,038 38,911,038
shares
Anbang AM-China Merchants Bank- Anbang Asset -Win - win
32,070,942 RMB Ordinary share 32,070,942
No. 3 AM Product
Anbang AM-China Merchants Bank- Anbang Asset -Refined Mix
31,082,094 RMB Ordinary share 31,082,094
No. 5 AM Product
Domestic listed foreign
Monetary Authority of Singapore 27,816,295 27,816,295
shares
Explanation on the relationship and the action alike of above Among the top 10 shareholders, China Changan Automobile
shareholders Group Co., Ltd., the controlling shareholder, and its wholly
owned subsidiary United Prosperity (Hong Kong) Investment
4
Co., Limited. belong to the concerted actor regulated by
“Disclosure Administration of Shares Change Information of The
Listed Company”.
Whether the company top 10 shareholders of ordinary shares, and the top 10 circulated shareholders agreed on the repurchase
transactions during the report period
□Applicable √Not Applicable
The top 10 shareholders of ordinary shares, and the top 10 circulated shareholders have not agreed on the repurchase transactions
during the report period
2.2 Total number of preferred shareholders at the end of the reporting period and statement on preferred shares
held by the top ten preferred shareholders
□Applicable √Not Applicable
5
Chapter 3 Important Matters
3.1 Significant changes & reasons in major accounting data, financial indicators
√Applicable □Not Applicable
In RMB Yuan
Sequence Balance Sheet Items September. 30st,2017 Jan. 1st, 2017 Changes (%)
1 Accounts receivable 1,996,493,767.72 1,498,837,041.54 33.20%
2 Prepayment 1,832,125,076.29 1,060,809,892.75 72.71%
3 Inventory 9,876,174,546.32 7,304,106,822.61 35.21%
4 Other current-asset 1,912,768,734.40 926,060,330.87 106.55%
5 Payroll payable 984,441,053.95 1,839,947,475.23 -46.50%
Non-current liabilities due within
6 one-year
13,151,946.67 1,992,341,127.81 -99.34%
Income Statement Items Jan-Sep 2017 Jan-Sep 2016 Changes (%)
7 Operating expenses 2,350,906,633.64 3,464,465,744.94 -32.14%
8 Financial expenses -392,120,666.68 -180,127,064.04 -117.69%
9 Income tax -11,234,378.96 219,308,695.76 -105.12%
Cash Flow Statement Items Jan-Sep 2017 Jan-Sep 2016 Changes (%)
Net Cash flow generated by
10 business operation
747,699,887.02 6,492,594,961.88 -88.48%
Net Cash flow generated by
11 Investment
3,644,310,547.25 1,542,565,707.82 136.25%
Net cash flow generated by
12 financing
-4,640,546,193.74 -1,431,182,526.28 -224.25%
Net increase of cash and cash
13 equivalents
-254,579,556.96 6,595,522,593.69 -103.86%
As at the end of reporting period, the Company’s total asset was 104.379 billion Yuan, with 2.00% decrease compared with the
beginning of the year; the total liability was 58.223 Billion Yuan, with 7.81% decrease compared with the beginning of the year; the
debt asset ratio was 55.78%, which was 3.52% lower than that at the beginning of the year. Compared with beginning of the year, the
increase of accounts receivable is mainly due to the growth of external credit sales; the increase of prepayments balance is mainly due
to the increasing payments to the imported transmission, steel and other goods; inventories increased compared with the beginning of
the year, mainly due to the increase in commodity stocks; the balance of other current assets increased compared with the beginning of
the year, mainly due to the reclassification of the prepayment value-added tax; the balance of the payroll payables was significantly
lower than that at the beginning of the year, which was mainly due to the reduction of accrued payroll payable by the company; The
balance of non-current liabilities maturing within one year was significantly lower than at the beginning of the year, mainly due to the
maturity of bonds payable.
During the reporting period, operating expenses were substantially reduced mainly due to a reduction in the cost of discounts.
The significant decrease of financial expenses was mainly caused by the increase of interest income from financial institutions and the
decrease of interest expense due to the repayment of bonds; the income tax costs substantially decreased mainly due to the increase of
deferred income tax assets.
During the reporting period, the cash and cash equivalent decreased by 88.48% on a year-on-year basis, mainly resulting from the
significant decrease in net cash flow from operating activities and financing activities. The net cash flow generated from operating
activities decreased mainly due to the growth rate of the cash recovery and the cash from other business activities growth rate was
lower than the purchase of goods and the payment of taxes and fees. The net cash flow from investment activities increased
significantly mainly due to the decrease in cash received from the acquisition and construction of fixed assets, intangible assets and
other long-term assets and the increase in cash received from investment income. The net cash flows from financing activities
decreased significantly on a year-on-year basis mainly due to the maturity and repayments of corporate bonds.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
□Applicable√Not Applicable
3.3 Commitments made within the reporting period by the controlling shareholders, shareholders, related
party, acquirer and the company overdue and not fulfilled
□Applicable√Not Applicable
6
3.4 Forecast of operation performance of 2017
The warning or a reason for a loss or a significant change of cumulative net profit from the beginning of the year to the end of the
next reporting period compared with the same period of last year
□Applicable √Not Applicable
3.5 Securities Investment
√Applicable □Non-applicable
Opening Gain/loss
Initial Opening Closing Closing in the
equity equity Closing book
Security Stock Stock investment equity equity reporting Accounting Equity
holding Holdings value (RMB
variety code name cost (RMB Holdings holdings period title source
ratio Yuan)
Yuan) (share) (share) （%） (RMB
(%) Yuan)
Tradable
Southwest Initial
Stock 600369 50,000,000 35,500,000 0.76% 35,500,000 0.76% 206,610,000 3,550,000 financial
Securities investment
assets
Total 50,000,000. 35,500,000 -- 35,500,000 -- 206,610,000 3,550,000 -- --
3.6 Derivative Investment
□Applicable √Not Applicable
During the reporting period, the Company did not have any derivative investment.
3.7 Interviews and visits in the reporting period
√Applicable □Not Applicable
Date Manner Object Content discussed and material offered
For details, see the January 13, 2017 Shenzhen stock exchange interactive
2017.1.11 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 11, 2017 investor
relations activities record sheet
For details, see the January 25, 2017 Shenzhen stock exchange interactive
2017.1.24 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 24, 2017 investor
relations activities record sheet
For details, see the January 25, 2017 Shenzhen stock exchange interactive
2017.1.25 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 25, 2017 investor
relations activities record sheet
For details, see the February10, 2017 Shenzhen stock exchange interactive
2017.2.9 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan automobile: February 9, 2017 investor
relations activities record sheet
For details, see the February16, 2017 Shenzhen stock exchange interactive
2017.2.15 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: February 15, 2017 investor
relations activities record sheet
For details, see the February 23, 2017 Shenzhen stock exchange interactive
2017.2.21 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: February 21, 2017 investor
relations activities record sheet
For details, see the February 23, 2017 Shenzhen stock exchange interactive
2017.2.22 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: February 22, 2017 investor
relations activities record sheet
For details, see the March 13, 2017 Shenzhen stock exchange interactive
2017.3.3 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 3, 2017 investor
relations activities record sheet
For details, see the March 13, 2017 Shenzhen stock exchange interactive
2017.3.7 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 7, 2017 investor
relations activities record sheet
For details, see the March 13, 2017 Shenzhen stock exchange interactive
2017.3.10 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 10 ,2017 investor
relations activities record sheet
2017.3.16 On-Site Survey Institution For details, see the March 20, 2017 Shenzhen stock exchange interactive
7
(http://irm.cninfo.com.cn) on the Changan Automobile: March 16,2017 investor
relations activities record sheet
For details, see the April 21, 2017 Shenzhen stock exchange interactive
2017.4.20 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: April 20, 2017 investor
relations activities record sheet
For details, see the April 26, 2017 Shenzhen stock exchange interactive
2017.4.24 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: April 24, 2017 investor
relations activities record sheet
For details, see the April 28, 2017 Shenzhen stock exchange interactive
2017.4.26 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: April 26, 2017 investor
relations activities record sheet
For details, see the April 28, 2017 Shenzhen stock exchange interactive
2017.4.27 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan automobile: April 27, 2017 investor
relations activities record sheet 1
For details, see the April 28, 2017 Shenzhen stock exchange interactive
2017.4.27 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan automobile: April 27, 2017 investor
relations activities record sheet 2
For details, see the May 3, 2017 Shenzhen stock exchange interactive
2017.4.28 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: April 28, 2017 investor
relations activities record sheet 1
For details, see the May 3, 2017 Shenzhen stock exchange interactive
2017.4.28 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: April 28, 2017 investor
relations activities record sheet 2
For details, see the May 4, 2017 Shenzhen stock exchange interactive
2017.5.3 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: May 3, 2017 investor
relations activities record sheet
For details, see the May 5, 2017 Shenzhen stock exchange interactive
2017.5.4 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: May 4, 2017 investor
relations activities record sheet
For details, see the May 16, 2017 Shenzhen stock exchange interactive
2017.5.12 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: May 12, 2017 investor
relations activities record sheet
For details, see the May 19, 2017 Shenzhen stock exchange interactive
2017.5.18 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: May 18, 2017 investor
relations activities record sheet
For details, see the May 30, 2017 Shenzhen stock exchange interactive
2017.5.26 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: May 26, 2017 investor
relations activities record sheet 1
For details, see the June 12, 2017 Shenzhen stock exchange interactive
2017.6.9 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: June 9, 2017 investor
relations activities record sheet 1
For details, see the June 12, 2017 Shenzhen stock exchange interactive
2017.6.9 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: June 9, 2017 investor
relations activities record sheet 2
For details, see the June 15, 2017 Shenzhen stock exchange interactive
2017.6.14 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: June 14, 2017 investor
relations activities record sheet
For details, see the July 6, 2017 Shenzhen stock exchange interactive
2017.7.4 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: July 4, 2017 investor
relations activities record sheet
For details, see the July 17, 2017 Shenzhen stock exchange interactive
2017.7.14 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: July 14, 2017 investor
relations activities record sheet
For details, see the September 1, 2017 Shenzhen stock exchange interactive
2017.8.31 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: August 31, 2017 investor
relations activities record sheet 2
2017.9.6 On-Site Survey Institution For details, see the September 8, 2017 Shenzhen stock exchange interactive
(http://irm.cninfo.com.cn) on the Changan Automobile: September 6, 2017 investor
8
relations activities record sheet
For details, see the September 14, 2017 Shenzhen stock exchange interactive
2017.9.12 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 12, 2017
investor relations activities record sheet
For details, see the September 29, 2017 Shenzhen stock exchange interactive
2017.9.27 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 27, 2017
investor relations activities record sheet
3.8 Illegal external guarantee
□Applicable √Not Applicable
During the reporting period, the Company did not have any illegal external guarantee.
3.9 Controlling shareholder and its related parties to the listing Corporation's non-operating funds
□Applicable √Not Applicable
During the reporting period, no controlling shareholder and its related parties occupied the non-operating capital of the listed
company.
3.10 The implementation of precise poverty alleviation social responsibility
The company carried out none of the precise poverty alleviation work in the reporting period. During the fourth quarter of 2017,
Changan Automobile will actively implement the poverty alleviation work, promote the precise poverty alleviation in Luxi County,
Yanshan County, Pengshui County , and conduct the social welfare relief and public welfare donation work.
9
Chapter 4 Financial Statements
4.1 Financial Statements
4.1.1 Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.
September 30, 2017
in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 23,992,054,116.41 24,782,504,552.44
Notes receivable 21,364,359,990.14 29,002,539,261.26
Accounts receivable 1,996,493,767.72 1,498,837,041.54
Prepayments 1,832,125,076.29 1,060,809,892.75
Interest receivable 28,195,326.38 19,318,138.89
Other receivables 1,185,689,608.04 1,403,399,178.49
Inventories 9,876,174,546.32 7,304,106,822.61
Other current assets 1,912,768,734.40 926,060,330.87
Total current assets 62,187,861,165.70 65,997,575,218.85
Non-current assets:
Available-for-sale financial assets 585,971,274.00 432,476,274.00
Long-term equity investments 14,733,766,287.67 14,743,367,010.03
Investment properties 7,612,950.73 7,782,984.40
Fixed assets 16,139,027,565.57 15,480,484,513.99
Construction in progress 4,286,339,440.70 3,821,703,830.78
Construction materials - 96,690.75
Liquidation of fixed assets 203,798.38 -
Intangible assets 4,071,393,778.88 3,444,950,675.03
Development expenditure 795,709,798.79 1,111,176,453.49
Goodwill 9,804,394.00 9,804,394.00
Long-term deferred expenses 13,901,562.88 13,448,409.63
Deferred tax assets 1,547,371,823.88 1,447,607,278.98
Other non-current assets 3,077.01 -
Total non-current assets 42,191,105,752.49 40,512,898,515.08
TOTAL ASSETS 104,378,966,918.19 106,510,473,733.93
Current liabilities:
Short-term loans 181,609,049.90 175,000,000.00
Notes payable 19,802,120,590.58 20,952,104,805.58
Accounts payable 17,781,233,893.68 19,880,580,102.39
Advances from customers 7,754,916,084.54 6,854,337,365.01
Payroll payable 984,441,053.95 1,839,947,475.23
Taxes payable 343,142,154.64 555,681,489.16
Interest payables - 73,458,000.00
Dividend payables 79,742.80 79,742.80
Other payables 1,730,407,229.29 1,449,028,595.97
10
Non-current liabilities within one year 13,151,946.67 1,992,341,127.81
Other current liabilities 3,055,580,975.28 4,211,570,198.88
Total current liabilities 51,646,682,721.33 57,984,128,902.83
Non-current liabilities:
Long-term loans 6,575,973.33 19,980,912.00
long-term payable 1,741,021.33 -
Long-term employee benefit payables 96,413,563.96 105,132,000.00
Special payables 288,260,137.50 217,497,540.80
Provisions 2,523,537,954.51 2,010,153,951.87
Deferred Revenue 3,630,456,955.46 2,785,885,626.37
Deferred tax liabilities 29,591,567.28 34,535,250.00
Total non-current liabilities 6,576,577,173.37 5,173,185,281.04
Total liabilities 58,223,259,894.70 63,157,314,183.87
Owners’ equity (or Shareholders’ equity):
Paid up capital (or Share capital) 4,802,648,511.00 4,802,648,511.00
Capital reserves 5,110,494,032.55 5,085,301,532.55
Other consolidated income 136,600,051.87 141,480,908.23
Special reserves 29,375,310.04 16,349,485.65
Surplus reserves 2,401,324,255.50 2,401,324,255.50
Retained earnings 33,857,434,872.40 31,126,707,710.94
Equity attributable to owners 46,337,877,033.36 43,573,812,403.87
Minority interests -182,170,009.87 -220,652,853.81
Total Owners’ equity (or Shareholders’ equity) 46,155,707,023.49 43,353,159,550.06
Liabilities and owners' equity (or shareholders' equity) in total 104,378,966,918.19 106,510,473,733.93
Legal person: Zhang Baolin Chief Financial Officer: Wang Kun The Head of accounting department: Chen Jianfeng
4.1.2 Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
September 30, 2017
Account Ending Balance Opening Balance
Current assets:
Cash 22,541,187,853.10 23,767,111,763.75
Notes receivable 20,973,691,130.94 28,699,756,422.50
Accounts receivable 5,273,897,351.91 4,328,886,769.78
Prepayments 1,608,256,891.65 905,659,820.16
Interest receivable 28,195,326.38 19,318,138.89
Dividend receivable - 5,900,371.55
Other receivables 1,058,062,378.26 1,456,016,984.91
Inventories 8,698,645,943.19 6,292,770,310.90
Other current assets 1,476,246,792.79 592,803,108.38
Total current assets 61,658,183,668.22 66,068,223,690.82
Non-current assets:
Available-for-sale financial assets 576,061,274.00 432,476,274.00
Long-term equity investments 16,422,388,637.75 16,425,513,619.11
11
Fixed assets 12,847,669,960.82 12,142,942,955.13
Construction in progress 4,021,029,786.93 3,613,887,112.73
Construction materials - 96,690.75
Intangible assets 3,367,045,457.19 2,799,021,341.24
Development expenditure 654,347,791.68 986,790,085.03
Long-term deferred expenses 12,781,189.19 12,729,576.00
Deferred tax assets 1,482,517,576.40 1,331,906,388.11
Other non-current assets - -
Total non-current assets 39,383,841,673.96 37,745,364,042.10
TOTAL ASSETS 101,042,025,342.18 103,813,587,732.92
Current liabilities:
Notes payable 18,744,247,001.68 20,344,635,258.93
Accounts payable 15,471,336,220.82 16,912,556,809.95
Advances from customers 7,551,185,568.72 6,563,904,714.60
Payroll payable 829,116,209.89 1,567,187,782.78
Taxes payable 407,584,535.84 470,185,940.53
Interest payable - 73,458,000.00
Other payables 2,178,976,132.74 1,922,286,938.56
Non-current liabilities within one year - 1,979,020,519.81
Other current liabilities 2,727,941,805.94 3,992,241,040.51
Total current liabilities 47,910,387,475.63 53,825,477,005.67
Non-current liabilities:
Long-term employee benefit payables 79,439,689.85 87,480,000.00
Special payables 232,909,428.10 162,146,831.40
Provisions 2,349,798,557.58 1,947,415,048.79
Deferred Revenue 2,892,656,590.00 2,164,751,690.28
Deferred tax liabilities 27,559,500.00 34,535,250.00
Total non-current liabilities 5,582,363,765.53 4,396,328,820.47
Total liabilities 53,492,751,241.16 58,221,805,826.14
Owners’ equity (or Shareholders’ equity):
Paid up capital (or Share capital) 4,802,648,511.00 4,802,648,511.00
Capital reserves 4,714,667,546.88 4,689,475,046.88
Other consolidated income 162,765,302.68 202,294,552.68
Special reserves 14,270,584.25 7,555,003.10
Surplus reserves 2,401,324,255.50 2,401,324,255.50
Retained earnings 35,453,597,900.71 33,488,484,537.62
Total Owners’ equity (or Shareholders’
47,549,274,101.02 45,591,781,906.78
equity)
TOTAL LIABILITIES AND OWNERS ’
101,042,025,342.18 103,813,587,732.92
EQUITY( OR SHAREHOLDERS’ EQUITY)
4.1.3 Consolidated Income Statement of the report term (July-September)
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Period
I. Total operating revenue 17,875,967,836.92 17,805,233,132.26
II. Total operating cost 18,622,936,928.98 17,953,860,281.79
Including: Operating cost 16,577,859,499.30 14,529,915,702.04
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Tax and surcharges 606,943,117.87 794,865,412.43
Operating expenses 346,730,591.63 1,343,757,191.61
General and administrative expenses 1,237,453,740.96 1,354,938,734.17
Financial expenses -145,299,064.53 -72,338,498.92
Impairment loss on assets -750,956.25 2,721,740.46
Add: Profit and loss from fair value changes (‘-‘ represent loss)
Investment income (‘-‘ represent loss) 1,719,330,298.97 2,357,398,389.73
Including: Investment income from associates and from joint venture 1,715,780,298.97 2,357,398,389.73
Other consolidated income 91,028,832.62 -
III. Operating profit (‘-’ represent loss) 1,063,390,039.53 2,208,771,240.20
Add: Non-operating income 69,606,856.66 48,460,591.77
Less: Non-operating expenses 3,610,603.49 20,092,692.50
Including: loss on disposal of non-current assets 796,297.30 321,030.05
IV. Total profit(‘-’ represent loss) 1,129,386,292.70 2,237,139,139.47
Less: Income tax expense -52,230,483.62 -10,237,803.40
V. Net profit (‘-’ represent net loss) 1,181,616,776.32 2,247,376,942.87
Net profit attributable to owners 1,190,050,794.41 2,248,359,745.89
Minority interests -8,434,018.09 -982,803.02
VI. Net income of other comprehensive income 44,390,673.50 306,804.47
VII. Other comprehensive income 1,226,007,449.82 2,247,683,747.34
Total income attributable to the owner of the parent company 1,234,441,467.91 2,248,666,550.36
Total comprehensive income attributable to minority shareholders -8,434,018.09 -982,803.02
VIII. Earnings per share:
I) Basic earnings per share 0.25 0.48
II) Diluted earnings per share 0.25 0.48
Legal person: Zhang Baolin Chief Financial Officer: Wang Kun The Head of accounting department: Chen Jianfeng
4.1.4 Income Statement of the report term (July-September)
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Period
I. Operating revenue 17,106,576,370.78 17,406,962,761.60
Less: Operating cost 16,033,795,445.11 14,597,266,068.79
Tax and surcharges 533,601,011.82 646,968,036.32
Operating expenses 278,413,026.49 1,278,755,364.31
General and administrative expenses 1,061,965,135.22 1,164,084,642.12
Financial expenses -151,813,407.79 -73,458,631.65
Impairment loss on assets 858,777.01 568,283.41
Add: Profit and loss from fair value Changes (‘-’ represent loss)
Investment income (‘-’ represent loss) 1,719,929,041.12 2,359,139,301.69
Including: Investment income from associates and from joint venture 1,715,780,298.97 2,357,398,389.73
Other consolidated income 70,318,609.40 -
II. Operating profit (‘-’ represent loss) 1,140,004,033.44 2,151,918,299.99
Add: Non-operating income 11,830,320.93 35,959,035.35
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Less: Non-operating expenses 10,402,982.20 19,689,284.01
Including: loss on disposal of non-current assets 745,989.14 286,284.01
III. Total profit(‘-’ represent loss) 1,141,431,372.17 2,168,188,051.33
Less: Income tax expense -72,079,441.96 -15,970,774.46
IV. Net profit (‘-’ represent net loss) 1,213,510,814.13 2,184,158,825.79
V. Net income of other comprehensive income 6,336,750.00 -1,508,750.00
VI. Other comprehensive income 1,219,847,564.13 2,182,650,075.79
VII. Earnings per share:
I) Basic earnings per share 0.25 0.47
II) Diluted earnings per share 0.25 0.47
4.1.5 Consolidated Income Statement of the report term (January-September)
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Period
I. Total operating revenue 51,431,180,946.38 53,606,996,053.51
II. Total operating cost 52,494,690,330.87 53,762,986,964.40
Including: Operating cost 45,370,615,189.62 44,397,253,887.72
Tax and surcharges 2,050,729,598.01 2,369,204,402.58
Operating expenses 2,350,906,633.64 3,464,465,744.94
General and administrative expenses 3,023,187,812.07 3,567,235,667.40
Financial expenses -392,120,666.68 -180,127,064.04
Impairment loss on assets 91,371,764.21 144,954,325.80
Add: Profit and loss from fair value changes (‘-‘ represent loss)
Investment income (‘-‘ represent loss) 5,550,949,277.61 7,566,389,659.71
Including: Investment income from associates and from joint venture 5,547,399,277.64 7,561,774,659.71
Foreign currency exchange loss
Other consolidated income 1,244,863,738.48 -
III. Operating profit (‘-’ represent loss) 5,732,303,631.60 7,410,398,748.82
Add: Non-operating income 123,552,018.78 586,883,853.65
Less: Non-operating expenses 18,010,651.47 53,845,363.46
Including: loss on disposal of non-current assets 2,331,199.26 6,377,975.60
IV. Total profit(‘-’ represent loss) 5,837,844,998.91 7,943,437,239.01
Less: Income tax expense -11,234,378.96 219,308,695.76
V. Net profit (‘-’ represent net loss) 5,849,079,377.87 7,724,128,543.25
Net profit attributable to owners 5,810,596,533.93 7,739,348,328.21
Minority interests 38,482,843.94 -15,219,784.96
VI. Net income of other comprehensive income -4,880,856.36 -93,933,964.78
VII. Other comprehensive income 5,844,198,521.51 7,630,194,578.47
Total income attributable to the owner of the parent company 5,805,715,677.57 7,645,414,363.43
Total comprehensive income attributable to minority shareholders 38,482,843.94 -15,219,784.96
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VIII. Earnings per share:
I) Basic earnings per share 1.21 1.66
II) Diluted earnings per share 1.21 1.66
4.1.6 Income Statement of the report term (January-September)
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Period
I. Operating revenue 49,946,098,600.48 52,700,126,709.47
Less: Operating cost 44,937,876,569.48 44,655,542,434.61
Tax and surcharges 1,668,642,765.04 1,963,080,655.72
Operating expenses 2,081,892,197.94 3,193,793,847.51
General and administrative expenses 2,498,035,873.75 3,015,006,969.23
Financial expenses -408,701,921.11 -171,745,384.72
Impairment loss on assets 134,498,613.87 135,252,115.77
Add: Profit and loss from fair value Changes (‘-’ represent loss)
Investment income (‘-’ represent loss) 5,550,576,927.03 7,571,712,258.63
Including: Investment income from associates and from joint venture 5,547,399,277.64 7,561,774,659.71
Other consolidated income 359,531,064.66 -
II. Operating profit (‘-’ represent loss) 4,943,962,493.20 7,480,908,329.98
Add: Non-operating income 45,477,155.50 334,760,790.06
Less: Non-operating expenses 24,569,216.82 49,512,638.92
Including: loss on disposal of non-current assets 1,886,423.41 3,211,959.82
III. Total profit(‘-’ represent loss) 4,964,870,431.88 7,766,156,481.12
Less: Income tax expense -80,112,303.68 139,319,401.73
IV. Net profit (‘-’ represent net loss) 5,044,982,735.56 7,626,837,079.39
V. Net income of other comprehensive income -39,529,250.00 -81,170,750.00
VI. Other comprehensive income 5,005,453,485.56 7,545,666,329.39
VII. Earnings per share:
I) Basic earnings per share 1.05 1.64
II) Diluted earnings per share 1.05 1.64
4.1.7 Consolidated Cash Flow Statement from the beginning of year to the end of report term.
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Period
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 64,567,191,647.13 60,072,026,644.24
Refunds of taxes 179,456,792.87 197,132,426.16
Cash received relating to other operating activities 3,118,917,830.77 1,234,520,980.10
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Sub-total of cash inflows 67,865,566,270.77 61,503,680,050.50
Cash paid for goods and services 54,247,422,400.97 42,165,783,883.07
Cash paid to and on behalf of employees 4,309,662,082.80 4,250,599,373.71
Cash paid for all types of taxes 3,980,862,710.78 3,856,639,572.91
Cash paid relating to other operating activities 4,579,919,189.20 4,738,062,258.93
Sub-total of cash outflows 67,117,866,383.75 55,011,085,088.62
Net cash flows from operating activities 747,699,887.02 6,492,594,961.88
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from return on investments 5,560,550,000.00 5,208,115,000.00
Net cash received from disposal of fixed assets, intangible assets and other
12,338,015.93 2,144,773.24
long-term assets
Cash received relating to other investing activities 629,600,000.00 -
Sub-total of cash inflows 6,202,488,015.93 5,210,259,773.24
Cash paid for acquisition of fixed assets, intangible assets and other
2,457,337,467.68 3,667,673,274.92
long-term assets
Cash paid for acquisition of investments 100,840,001.00 -
Cash paid relating to other investing activities - 20,790.50
Sub-total of cash outflows 2,558,177,468.68 3,667,694,065.42
Net cash flows from investing activities 3,644,310,547.25 1,542,565,707.82
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment - 1,984,000,000.00
Cash received from borrowings 195,545,335.27 162,940,510.00
Cash received relating to other financing activities 664,542,033.46 9,597,460.71
Sub-total of cash inflows 860,087,368.73 2,156,537,970.71
Cash repayments of borrowings 2,176,754,914.36 4,639,390.00
Cash paid for distribution of dividends or profits and interest expenses 3,195,206,702.60 3,101,033,262.29
Cash paid relating to other financing activities 128,671,945.51 482,047,844.70
Sub-total of cash outflows 5,500,633,562.47 3,587,720,496.99
Net cash flows from financing activities -4,640,546,193.74 -1,431,182,526.28
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH -6,043,797.49 -8,455,549.73
V. NET INCREASE IN CASH AND CASH EQUIVALENTS -254,579,556.96 6,595,522,593.69
Add: Opening balance of cash and cash equivalents 22,993,432,067.05 17,725,921,341.22
VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT 22,738,852,510.09 24,321,443,934.91
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4.1.8 Cash Flow Statement from the beginning of year to the end of report term.
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Period
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 61,184,129,674.42 56,967,820,983.81
Refunds of taxes - 50,000,000.00
Cash received relating to other operating activities 1,792,621,109.19 904,867,705.03
Sub-total of cash inflows 62,976,750,783.61 57,922,688,688.84
Cash paid for goods and services 52,167,086,686.92 41,760,134,242.36
Cash paid to and on behalf of employees 3,326,481,274.28 3,295,461,190.49
Cash paid for all types of taxes 3,201,708,303.04 3,144,629,198.82
Cash paid relating to other operating activities 4,413,700,158.73 4,353,559,176.17
Sub-total of cash outflows 63,108,976,422.97 52,553,783,807.84
Net cash flows from operating activities -132,225,639.36 5,368,904,881.00
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from return on investments 5,568,652,679.89 5,213,646,508.34
Net cash received from disposal of fixed assets, intangible assets and other
99,593,803.80 891,340.08
long-term assets
Cash received relating to other investing activities 791,000,000.00 50,000,000.00
Sub-total of cash inflows 6,459,246,483.69 5,264,537,848.42
Cash paid for acquisition of fixed assets, intangible assets and other
2,187,697,992.01 2,788,113,271.72
long-term assets
Cash paid for acquisition of investments 100,437,390.50 170,728,130.00
Cash paid relating to other investing activities 100,000,000.00 50,000,000.00
Sub-total of cash outflows 2,388,135,382.51 3,008,841,401.72
Net cash flows from investing activities 4,071,111,101.18 2,255,696,446.70
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment - 1,984,000,000.00
Cash received relating to other financing activities 664,542,033.46 -
Sub-total of cash inflows 664,542,033.46 1,984,000,000.00
Cash repayments of borrowings 1,980,000,000.00 -
Cash paid for distribution of dividends or profits and interest expenses 3,184,809,372.47 3,092,858,471.58
Cash paid relating to other financing activities - 451,230,787.86
Sub-total of cash outflows 5,164,809,372.47 3,544,089,259.44
Net cash flows from financing activities -4,500,267,339.01 -1,560,089,259.44
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IV. NET INCREASE IN CASH AND CASH EQUIVALENTS -561,381,877.19 6,064,512,068.26
Add: Opening balance of cash and cash equivalents 22,326,566,084.67 17,223,403,333.90
V. CLOSING BALANCE OF CASH AND CASH EQUIVLANT 21,765,184,207.48 23,287,915,402.16
4.2 Auditors’ Report
Whether the first quarter report has been audited
□ Yes √ No
The first quarter report has not been audited.
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