2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
2019 Third Quarter Report
Of
Chongqing Changan Automobile Company Limited
October, 2019
1
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
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 trueness, 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 Zhang Deyong and the
responsible person of the accounting institution (Accountant in charge) Chen Jianfeng hereby
declare that the Financial Statements enclosed in this report are true, accurate and complete.
2
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Chapter 2 Basic Information
I. 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
In RMB Yuan
The reporting period The same period of last year Variance (%)
Total assets 92,946,725,363.81 93,488,854,098.95 -0.58%
Net assets attributable to shareholders
43,567,997,650.66 46,244,958,676.52 -5.79%
of listed company
Amount of the
period from the
The reporting period Variance (%) beginning of year to Variance (%)
the end of report
term
Operating income 15,239,641,870.97 7.25% 45,115,421,967.81 -9.50%
Net profit attributable to shareholders
-421,470,641.21 5.61% -2,661,510,402.32 -328.83%
of the Company
Net profit excluding non-recurring
gains and losses attributable to -621,493,786.91 12.65% -3,533,261,383.35 -22,328.47%
shareholders of listed company
cash flow from operating activities - - 3,757,823,903.36 306.76%
Basic earnings per share -0.08 11.11% -0.55 -329.17%
Diluted earnings per share - - - -
Decrease by 0.01 Decrease by 8.39
Weighted average return on net assets -0.96% -5.93%
percentage points percentage points
Accidental gain/loss item and amount
√ Applicable □ Not applicable
In RMB Yuan
Amount of the period from the beginning
Item
of year to the end of report term
Gain/loss of non-current assets 14,557,748.80
Government subsidies accounted into current gain/loss account, other than those
closely related to the Company’s common business, comply with the national policy 762,226,068.65
and continues to enjoy at certain fixed rate or amount.
3
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
In addition to the effective hedging business related to the normal business of the
company, the gains and losses from changes in fair value arising from the holding of
trading financial assets, derivative financial assets, trading financial liabilities,
127,407,169.45
derivative financial liabilities, and disposal of transactional financial assets, derivative
finance Investment income from assets, trading financial liabilities, derivative financial
liabilities and other debt investments
Other non-business income and expenditures other than the above -9,009,286.44
Interest on deferred payment of funds received by non financial enterprises 23,336,168.02
Less: Influenced amount of income tax 34,721,308.93
Influenced amount of minority shareholders’ equity 12,045,578.52
Total 871,750,981.03
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.
II. Total number of shareholders at the end of the reporting period and statement on shares
held by the top ten tradable shareholders
1. Total number of shareholders at the end of the reporting period and statement on shares held by the top
ten shareholders
Unit: share
Total number of preferred
As of the reporting period, the shareholders with voting rights
170,799 0
total number of shareholders restored at the end of the
reporting period (if any)
Top 10 Shareholders
Percentage of Pledging or freezing
Properties of Number of Conditional
Name of the shareholder total shares Amou
shareholder shares shares Share status
（%） nt
China South Industries Group Co., State-owned legal person No pledge or
21.56% 1,035,312,673 -
Ltd. shares frozen
China Changan Automobile Co., State-owned legal person No pledge or
19.32% 928,044,946 139,762,403 -
Ltd. shares frozen
4
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
domestic general legal No pledge or
China securities finance Co, Ltd 4.88% 234,265,333 -
person shares frozen
United Prosperity (Hong Kong) foreign legal person No pledge or
3.21% 154,120,237 -
Investment Co., Limited. shares frozen
domestic general legal No pledge or
Central Huijin Investment Ltd. 1.15% 55,393,100 -
person shares frozen
DRAGON BILLION SELECT foreign legal person No pledge or
0.85% 40,597,114 -
MASTER FUND shares frozen
National Social Security Fund 107 fund, finance products, No pledge or
0.76% 36,489,867
combination etc. frozen
foreign legal person No pledge or
GIC PRIVATE LIMITED 0.73% 35,283,393 -
shares frozen
Hong Kong Central Clearing foreign legal person No pledge or
0.63% 30,458,221 -
Company Limited shares frozen
National Social Security Fund 116 fund, finance products, No pledge or
0.45% 21,707,388 -
combination etc. frozen
Top 10 holders of unconditional shares
Amount of shares Category of shares
Name of the shareholder without sales
Category of shares Category of shares
restriction
China South Industries Group Co., Ltd. 1,035,312,673 RMB ordinary shares 1,035,312,673
China Changan Automobile Co., Ltd. 788,282,543 RMB ordinary shares 788,282,543
China securities finance Co, Ltd 234,265,333 RMB ordinary shares 234,265,333
Domestic listed foreign
United Prosperity (Hong Kong) Investment Co., Limited. 154,120,237 154,120,237
shares
Central Huijin Investment Ltd. 55,393,100 RMB ordinary shares 55,393,100
Domestic listed foreign
DRAGON BILLION SELECT MASTER FUND 40,597,114 40,597,114
shares
National Social Security Fund 107 combination 36,489,867 RMB ordinary shares 36,489,867
Domestic listed foreign
GIC PRIVATE LIMITED 35,283,393 35,283,393
shares
Hong Kong Central Clearing Company Limited 30,458,221 RMB ordinary shares 30,458,221
National Social Security Fund 116 combination 21,707,388 RMB ordinary shares 21,707,388
Among the top 10 shareholders, China South Industries Group Co., Ltd., the
actual controller; China Changan Automobile Group Co., Ltd., the
Explanation on the relationship and the action alike of above
controlling shareholder, and its wholly owned subsidiary United Prosperity
shareholders
(Hong Kong) Investment Co., Limited. belong to the concerted actor
regulated by “Disclosure Administration of Shares Change Information of
5
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
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. Total number of preferred shareholders at the end of the reporting period and statement on preferred
shares held by the top ten tradable shareholders
□Applicable √Not Applicable
6
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Chapter 3 Important Matters
I. Significant changes & reasons in major accounting data, financial indicators
√Applicable □Not Applicable
In RMB Yuan
Number Balance Sheet Items Sep. 30th,2019 Jan. 1st, 2019 Changes (%)
1 Transactional financial assets 1,657,728,480.75 - -
2 Other equity investment 504,572,800.00 - -
3 Available for sale financial assets - 1,957,873,311.31 -
4 Advances from customers 3,366,892,439.12 1,556,482,278.92 116.31%
5 Payroll payable 774,352,946.07 1,362,995,277.56 -43.19%
6 Taxes payable 329,908,762.40 669,316,487.25 -50.71%
7 Other payables 4,694,200,184.74 3,079,749,015.80 52.42%
Income Statement Items Jan-Sep 2019 Jan-Sep 2018 Changes (%)
8 Investment gains and losses -522,405,370.82 1,232,775,886.06 -142.38%
Profits belong to the parent company's
9 -2,661,510,402.32 1,163,081,476.01 -328.83%
owner
Cash Flow Statement Items Jan-Sep 2019 Jan-Sep 2018 Changes (%)
Net cash flows from operating
10 3,757,823,903.36 923,849,319.05 306.76%
activities
Net cash flows from investing
11 -3,172,586,837.66 -5,753,482,959.66 44.86%
activities
Net cash flows from financing
12 -413,937,943.57 -1,401,416,537.03 70.46%
activities
Net increase of cash and cash
13 202,190,712.04 -6,208,413,403.91 103.26%
equivalents
As at the end of reporting period, the company’s total asset was 92.991 billion Yuan，with 0.53% decrease compared with the
beginning of the year；The total liability was 49.520 billion Yuan, with 4.61% increase compared with the beginning of the year.
The debt asset ratio was 53.25%，which was 2.62 percentage points higher than that at the beginning of the year. The huge variance
of transactional financial assets、other equity investment and Available for sale financial assets mainly result from the
reclassification of available-for-sale financial assets；The balance of advances from customers increased compared with the
beginning of the year, mainly due to the increase in on-transit vehicles that the company had invoiced but did not reach the dealers
at the end of the quarter；The balance of payroll payables decreased mainly due to the reduction of the accrued payment；The
balance of taxes payable decreased mainly due to the decrease in the consumption tax payable; The balance of other payables
7
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
increased compared with the beginning of the year, mainly due to the increase in the deposit of the dealer acceptance bill received.
During the reporting period, the investment profit and loss decreased significantly, mainly due to the decrease in investment
income of joint ventures and joint ventures；Net profit attributable to owners of the parent company decreased significantly, mainly
due to the decline in sales of the company.
During the reporting period, the net increase of cash and cash equivalents rised significantly，mainly due to the significant
decrease in net cash flows from investing activities and the significant increase in net cash flows from operating activities；the net
cash flow from operating activities increased significantly, mainly due to the decrease span of cash paid for goods and services
purchased greater than that received for goods sold and services provided；the net cash flows from investing activities decreased on
a year-on-year basis, mainly due to the decrease in cash paid for investing and the purchase and construction of fixed assets,
intangible assets and other long-term assets. The net cash flow from financing activities increased significantly compared with the
same period of last year, mainly due to the decrease in debt repayment and cash dividend distribution as compared with the same
period of last year.
II. The progress and influence of significant events and the analysis and explanation on
resolving proposal
□Applicable √Not Applicable
III. Commitments made within the reporting period by the controlling shareholders,
shareholders, related party, acquirer and the company overdue and not fulfilled
□Applicable √Not Applicable
During the reporting period, the company's actual controllers, shareholders, related parties, purchasers and companies and other
commitment parties don’t have any overdue unfulfilled commitments.
IV. Forecast of operation performance of 2019
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
V. Securities investment
√Applicable □Not Applicable
Number of Percentage Number of Percentage Acc Sou
Securit Securitie Initial Book value at Reporting period
Securitie shares held of shares shares held of shares ount rce
ies s short investment cost the end of the profit and loss
s code at the held at the at the end of held at the ing of
variety name （Yuan） period （Yuan）
beginning of beginning the period end of the acco shar
8
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
the period of the （Share） period （Yuan） unt es
（Share） period
Tran
sacti Initi
Southwe
onal al
st
Stock 600369 50,000,000 35,500,000 0.63% 35,500,000 0.63% 160,105,000 31,080,250.00 fina inve
Securitie
ncial stm
s
asset ent
s
Tran
sacti Initi
onal al
1,052,930,406.3 1,497,623,480.
Stock 300750 CATL 22,999,575 1.05% 22,999,575 1.04% 77,215,844.03 fina inve
6 75
ncial stm
asset ent
s
1,102,930,406.3 1,657,728,480.
Total 58,499,575 -- 58,499,575 -- 108,296,094.03 -- --
6 75
VI. Entrusted financial management
□Applicable √Not Applicable
During the reporting period, there is no entrusted financial management.
VII. Derivative Investment
□Applicable √Not Applicable
During the company's reporting period, there is no derivative investment.
VIII. Interviews and visits in the reporting period
√Applicable □Not Applicable
Date Manner Object Content discussed and material offered
For details, see the January 4, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.02 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 2, 2019 investor
Survey
relations activities record sheet
For details, see the January 14, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.10 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 10, 2019 investor
Survey
relations activities record sheet(1)
For details, see the January 14, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.10 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 10, 2019 investor
Survey
relations activities record sheet(2)
9
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
For details, see the January 14, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.10 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 10, 2019 investor
Survey
relations activities record sheet(3)
For details, see the January 14, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.11 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 11, 2019 investor
Survey
relations activities record sheet(1)
For details, see the January 14, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.11 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 11, 2019 investor
Survey
relations activities record sheet(2)
For details, see the January 17, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.15 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 15, 2019 investor
Survey
relations activities record sheet
For details, see the January 18, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.15 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 15, 2019 investor
Survey
relations activities record sheet(2)
For details, see the January 18, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.16 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 16, 2019 investor
Survey
relations activities record sheet
For details, see the January 22, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.18 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 18, 2019 investor
Survey
relations activities record sheet
For details, see the January 24, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.22 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 22, 2019 investor
Survey
relations activities record sheet(1)
For details, see the January 24, 2019 Shenzhen stock exchange interactive
On-Site
2019.01.22 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 22, 2019 investor
Survey
relations activities record sheet(2)
For details, see the February 27, 2019 Shenzhen stock exchange interactive
On-Site
2019.02.26 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: February 26, 2019 investor
Survey
relations activities record sheet
For details, see the March 1, 2019 Shenzhen stock exchange interactive
On-Site
2019.02.28 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: February 28, 2019 investor
Survey
relations activities record sheet
For details, see the March 7, 2019 Shenzhen stock exchange interactive
On-Site
2019.03.05 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 5, 2019 investor
Survey
relations activities record sheet
For details, see the March 18, 2019 Shenzhen stock exchange interactive
On-Site
2019.03.14 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 14, 2019 investor
Survey
relations activities record sheet(1)
2019.03.14 On-Site Institution For details, see the March 18, 2019 Shenzhen stock exchange interactive
10
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Survey (http://irm.cninfo.com.cn) on the Changan Automobile: March 14, 2019 investor
relations activities record sheet
For details, see the March 20, 2019 Shenzhen stock exchange interactive
On-Site
2019.03.19 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 19, 2019 investor
Survey
relations activities record sheet
For details, see the March 25, 2019 Shenzhen stock exchange interactive
On-Site
2019.03.22 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 22, 2019 investor
Survey
relations activities record sheet
For details, see the May 7, 2019 Shenzhen stock exchange interactive
On-Site
2019.04.30 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: April 30, 2019 investor
Survey
relations activities record sheet
For details, see the May 7, 2019 Shenzhen stock exchange interactive
On-Site
2019.05.06 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: May 6, 2019 investor relations
Survey
activities record sheet
For details, see the May 13, 2019 Shenzhen stock exchange interactive
On-Site
2019.05.10 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: May 10, 2019 investor
Survey
relations activities record sheet
For details, see the May 16, 2019 Shenzhen stock exchange interactive
On-Site
2019.05.14 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: May 14, 2019 investor
Survey
relations activities record sheet
For details, see the May 7, 2019 Shenzhen stock exchange interactive
On-Site
2019.06.12 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: May 6, 2019 investor relations
Survey
activities record sheet
For details, see the June 14, 2019 Shenzhen stock exchange interactive
On-Site
2019.06.12 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: June 12, 2019 investor
Survey
relations activities record sheet
For details, see the June 25, 2019 Shenzhen stock exchange interactive
On-Site
2019.06.21 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: June 21, 2019 investor
Survey
relations activities record sheet
For details, see the July 2, 2019 Shenzhen stock exchange interactive
On-Site
2019.06.28 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: June 28, 2019 investor
Survey
relations activities record sheet
For details, see the July 5, 2019 Shenzhen stock exchange interactive
On-Site
2019.07.03 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: July 3, 2019 investor relations
Survey
activities record sheet
For details, see the July 10, 2019 Shenzhen stock exchange interactive
On-Site
2019.07.05 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: July 5, 2019 investor relations
Survey
activities record sheet
For details, see the July 23, 2019 Shenzhen stock exchange interactive
On-Site
2019.07.19 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: July 19, 2019 investor relations
Survey
activities record sheet
On-Site For details, see the July 24, 2019 Shenzhen stock exchange interactive
2019.07.23 Institution
Survey (http://irm.cninfo.com.cn) on the Changan Automobile: July 23, 2019 investor relations
11
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
activities record sheet
For details, see the July 26, 2019 Shenzhen stock exchange interactive
On-Site
2019.07.24 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: July 24, 2019 investor relations
Survey
activities record sheet (1)
For details, see the July 26, 2019 Shenzhen stock exchange interactive
On-Site
2019.07.24 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: July 24, 2019 investor relations
Survey
activities record sheet (2)
For details, see the September 11, 2019 Shenzhen stock exchange interactive
On-Site
2019.09.09 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 9, 2019 investor
Survey
relations activities record sheet
For details, see the September 11, 2019 Shenzhen stock exchange interactive
On-Site
2019.09.10 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 10, 2019 investor
Survey
relations activities record sheet
For details, see the September 12, 2019 Shenzhen stock exchange interactive
On-Site
2019.09.11 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 11, 2019 investor
Survey
relations activities record sheet (1)
For details, see the September 12, 2019 Shenzhen stock exchange interactive
On-Site
2019.09.11 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 11, 2019 investor
Survey
relations activities record sheet (2)
For details, see the September 18, 2019 Shenzhen stock exchange interactive
On-Site
2019.09.18 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 18, 2019 investor
Survey
relations activities record sheet
For details, see the September 29, 2019 Shenzhen stock exchange interactive
On-Site
2019.09.26 Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 26, 2019 investor
Survey
relations activities record sheet
IX. Illegal external guarantee
□Applicable √Not Applicable
The company doesn’t violate the rules of external guarantee during the reporting period.
X. Controlling shareholder and its related parties to the listing Corporation's non-operating
funds
□Applicable √Not Applicable
During the reporting period, there is no non-operating capital occupied by the controlling shareholder and its related parties to the
listed company.
12
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.
September 30, 2019
In RMB Yuan
Account Ending Balance Opening Balance
Current assets:
Cash 10,510,594,343.29 9,980,544,526.14
Tradable financial assets 1,657,728,480.75
Notes receivable 17,685,913,990.69 20,561,625,805.24
Accounts receivable 2,062,766,851.13 1,409,419,600.50
Prepayments 933,110,268.67 866,249,749.51
Other receivables 3,619,079,956.70 3,250,452,923.70
Inventories 5,795,866,531.08 4,917,420,457.19
Other current assets 2,220,766,320.17 2,227,565,353.23
Total current assets 44,485,826,742.48 43,213,278,415.51
Non-current assets:
Long-term equity investments 12,239,728,020.92 13,275,170,118.83
Investment in other equity
504,572,800.00
instruments
Available-for-sale financial assets 1,957,873,311.31
Investment properties 7,159,527.61 7,329,561.28
Fixed assets 22,999,637,127.21 22,161,054,058.31
Construction in progress 5,163,264,798.79 5,383,844,030.75
Intangible assets 5,371,286,282.00 5,018,243,552.80
Development expenditure 583,825,055.99 789,597,615.60
Goodwill 9,804,394.00 9,804,394.00
Long-term deferred expenses 16,857,185.20 17,104,601.67
Deferred tax assets 1,564,763,429.61 1,655,554,438.89
Total non-current assets 48,460,898,621.33 50,275,575,683.44
TOTAL ASSETS 92,946,725,363.81 93,488,854,098.95
13
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Current liabilities:
Short-term loans 229,580,000.00 190,000,000.00
Notes payable 13,442,200,071.34 14,807,862,262.39
Accounts payable 14,670,597,516.17 13,916,201,276.95
Advances from customers 3,366,892,439.12 1,556,482,278.92
Payroll payable 774,352,946.07 1,362,995,277.56
Taxes payable 329,908,762.40 669,316,487.25
Other payables 4,694,200,184.74 3,079,749,015.81
Non-current liabilities within one
6,594,120.00
year
Other current liabilities 3,773,050,469.49 4,325,441,152.61
Total current liabilities 41,280,782,389.33 39,914,641,871.49
Non-current liabilities:
Long-term payables 290,124,611.27 303,590,824.69
Long-term payroll payable 49,511,133.37 53,837,000.00
Estimated liabilities 3,578,683,047.90 3,245,322,744.12
Deferred Revenue 4,138,018,290.99 3,683,308,534.73
Deferred tax liabilities 138,768,628.97 135,231,170.59
Total non-current liabilities 8,195,105,712.50 7,421,290,274.13
Total liabilities 49,475,888,101.83 47,335,932,145.62
Owners’ equity (or Shareholders’
equity):
Share capital 4,802,648,511.00 4,802,648,511.00
Capital reserves 5,057,242,440.17 5,057,242,440.17
Other comprehensive income 271,377,450.64 235,509,930.44
Special reserves 76,351,898.56 41,222,369.10
Surplus reserves 2,401,324,255.50 2,401,324,255.50
Retained earnings 30,959,053,094.79 33,707,011,170.31
Equity attributable to owners 43,567,997,650.66 46,244,958,676.52
Minority interests -97,160,388.68 -92,036,723.19
Total Owners’ equity (or Shareholders’
43,470,837,261.98 46,152,921,953.33
equity)
Liabilities and owners' equity (or
92,946,725,363.81 93,488,854,098.95
shareholders' equity) in total
Legal person: Zhang Baolin Chief financial officer: Zhang Deyong The head of accounting department: Chen Jianfeng
14
2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
2. Balance Sheet
In RMB Yuan
Account Ending Balance Opening Balance
Current assets:
Cash 6,783,904,476.19 7,310,973,018.99
Tradable financial assets 160,105,000.00
Notes receivable 16,657,797,746.42 19,391,160,283.70
Accounts receivable 6,540,857,455.37 5,679,160,679.69
Prepayments 674,680,338.75 671,849,711.04
Other receivables 2,444,558,642.88 2,344,318,158.83
Inventories 4,137,293,209.04 3,851,783,233.12
Other current assets 1,249,781,601.52 1,355,155,749.21
Total current assets 38,648,978,470.17 40,604,400,834.58
Non-current assets:
Long-term equity investments 17,340,580,410.69 18,017,137,600.72
Investment in other equity
494,662,800.00
instruments
Available-for-sale financial assets 541,182,000.00
Fixed assets 17,844,661,368.98 16,795,537,563.35
Construction in progress 3,911,485,504.04 4,114,409,774.13
Intangible assets 4,099,740,569.71 4,054,893,372.88
Development expenditure 408,355,613.79 559,309,970.45
Long-term deferred expenses 10,675,460.63 12,555,353.69
Deferred tax assets 1,441,970,444.78 1,533,057,523.95
Other non-current assets 250,000,000.00
Total non-current assets 45,552,132,172.62 45,878,083,159.16
TOTAL ASSETS 84,201,110,642.79 86,482,483,993.75
Current liabilities:
Short-term loans 29,580,000.00
Notes payable 11,730,268,174.84 13,572,757,870.72
Accounts payable 12,072,292,829.88 10,690,985,635.15
Advances from customers 2,942,458,998.75 1,208,631,011.05
Payroll payable 476,373,239.33 1,001,765,362.99
Taxes payable 205,806,523.67 604,525,457.30
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Other payables 3,165,452,017.82 3,219,909,047.22
Other current liabilities 3,040,696,181.76 3,923,419,042.37
Total current liabilities 33,662,927,966.05 34,221,993,426.80
Non-current liabilities:
Long-term payables 221,150,961.51 248,240,115.29
Long-term payroll payable 20,403,675.82 24,315,000.00
Estimated liabilities 2,630,952,805.02 2,372,512,543.49
Deferred Revenue 2,836,480,796.10 2,827,208,446.74
Deferred tax liabilities 32,168,492.04 26,683,742.04
Total non-current liabilities 5,741,156,730.49 5,498,959,847.56
Total liabilities 39,404,084,696.54 39,720,953,274.36
Owners’ equity (or Shareholders’
equity):
Share capital 4,802,648,511.00 4,802,648,511.00
Capital reserves 4,705,917,638.38 4,705,917,638.38
Other comprehensive income 149,525,803.58 149,525,803.58
Special reserves 26,350,160.93 19,835,367.61
Surplus reserves 2,401,324,255.50 2,401,324,255.50
Retained earnings 32,711,259,576.86 34,682,279,143.32
Total Owners’ equity (or Shareholders’
44,797,025,946.25 46,761,530,719.39
equity)
Liabilities and owners' equity (or
84,201,110,642.79 86,482,483,993.75
shareholders' equity) in total
3. Consolidated Income Statement of the reporting term
In RMB Yuan
Account Current Period Prior Period
1. Total operating income 15,239,641,870.97 14,208,826,200.12
2. Total operating cost 15,436,958,851.52 14,849,743,608.98
Including: Operating cost 12,377,295,658.38 11,649,373,012.29
Tax and surcharges 499,570,118.20 485,653,007.58
Operating expenses 1,373,059,373.36 1,369,530,915.47
General and administrative expenses 878,020,881.02 1,206,719,665.90
R&D expenses 344,466,229.22 256,006,612.90
Financial expenses -35,453,408.66 -117,539,605.16
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Add: Other income 141,492,994.54 294,983,400.18
Investment income (‘-‘ represent
-414,068,660.88 -129,235,929.05
loss)
Including: Investment income
-469,708,441.67 -130,437,799.33
from associates and joint venture
Gains from changes in fair value 87,070,018.18
Credit impairment loss -4,361,637.66
Asset impairment loss -1,796,176.94
Gain on disposal of assets 5,165,289.52 2,320,259.90
3.Operating profit -382,018,976.85 -474,645,854.77
Add: Non-operating income 5,135,954.79 21,403,080.23
Less: Non-operating expenses 20,336,854.47 13,091,796.95
4.Total profit -397,219,876.53 -466,334,571.49
Less: Income tax expense 25,352,762.93 -19,920,848.15
5.Net profit -422,572,639.46 -446,413,723.34
Classification by going concern
Net profit attributable to owners -421,470,641.21 -446,525,102.83
Minority interests -1,101,998.25 111,379.49
6.Other comprehensive income, net of tax 13,299,672.07 17,439,867.39
Net after-tax net of other
comprehensive income attributable to the 13,299,672.07 17,439,867.39
parent company owner
Other comprehensive income that
13,299,672.07 17,439,867.39
will be reclassified into profit or loss
Other comprehensive income of
convertible gains and losses under the -9,692,020.90
equity method
Gains and losses from changes in
fair value of available-for-sale financial -8,449,000.00
assets
Foreign currency financial
13,299,672.07 35,580,888.29
statement translation difference
7.Total comprehensive income -409,272,967.39 -428,973,855.95
Total comprehensive income
-408,170,969.14 -429,085,235.44
attributable to owners
Total comprehensive income
-1,101,998.25 111,379.49
attributable to minority interest
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
8.Earnings per share
Basic earnings per share -0.08 -0.09
Diluted earnings per share N/A N/A
Legal person: Zhang Baolin Chief financial officer: Zhang Deyong The head of accounting department: Chen Jianfeng
4. Income Statement of the reporting term
In RMB Yuan
Account Current Period Prior Period
1.Operating revenue 14,120,637,727.72 13,093,065,037.67
Less: Operating cost 12,031,564,713.41 10,883,881,181.83
Tax and surcharges 358,002,714.07 378,993,565.82
Operating expenses 968,592,956.55 1,266,350,051.18
General and administrative
690,004,773.64 978,001,082.16
expenses
Research and development
244,023,383.38 281,359,134.12
expenses
Financial expenses -32,976,211.68 -115,817,102.01
Add: Other income 34,022,327.37 46,580,913.63
Investment income -384,329,858.65 -126,115,875.65
Including: Investment income
-431,385,259.48 -130,437,799.33
from associates and joint venture
Gains from changes in fair value -15,265,000.00
Credit impairment loss -2,514,873.36
Asset impairment loss -747,130.34
Gain on disposal of assets 3,009,509.76 3,485,853.61
2.Operating profit -503,652,496.53 -656,499,114.18
Add: Non-operating income 3,122,855.88 15,865,485.40
Less: Non-operating expenses 18,753,563.34 12,646,697.02
3.Total profit -519,283,203.99 -653,280,325.80
Less: Income tax expense -3,216,467.13 -12,512,741.46
4.Net profit -516,066,736.86 -640,767,584.34
5、Consolidated Income Statement from 1st January to 30th September
In RMB Yuan
项目 本期发生额 上期发生额
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
1. Total operating income 45,115,421,967.81 49,851,658,390.16
2. Total operating cost 47,846,343,996.87 51,224,849,363.25
Including: Operating cost 39,796,706,285.30 42,264,218,716.74
Tax and surcharges 1,579,840,592.98 1,772,568,209.15
Operating expenses 2,816,275,914.66 3,912,993,343.98
General and administrative expenses 2,138,385,000.99 2,255,596,087.56
R&D expenses 1,647,422,320.75 1,362,531,453.29
Financial expenses -132,286,117.81 -343,058,447.47
Add: Other income 762,226,068.65 1,411,214,619.50
Investment income -522,405,370.82 1,232,775,886.06
Including: Investment income from
-578,045,151.61 1,231,574,015.78
associates and joint venture
Gains from changes in fair value 127,407,169.45
Credit impairment loss -13,891,371.32
Asset impairment loss -152,676,538.06 -110,737,599.36
Gain on disposal of assets 14,557,748.80 21,092,069.59
3.Operating profit -2,515,704,322.36 1,181,154,002.70
Add: Non-operating income 23,972,635.23 50,721,976.99
Less: Non-operating expenses 32,981,921.67 65,440,559.88
4.Total profit -2,524,713,608.80 1,166,435,419.81
Less: Income tax expense 141,920,459.01 -4,632,530.32
5.Net profit -2,666,634,067.81 1,171,067,950.13
Net profit attributable to owners -2,661,510,402.32 1,163,081,476.01
Minority interests -5,123,665.49 7,986,474.12
6.Other comprehensive income, net of tax 35,867,520.20 264,469,400.98
Net after-tax net of other
comprehensive income attributable to the 35,867,520.20 264,469,400.98
parent company owner
Other comprehensive income that will
35,867,520.20 264,469,400.98
be reclassified into profit or loss
Other comprehensive income of
convertible gains and losses under the 280,064,467.99
equity method
Gains and losses from changes in
fair value of available-for-sale financial -31,985,500.00
assets
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Foreign currency financial
35,867,520.20 16,390,432.99
statement translation difference
Net after-tax net of other
comprehensive income attributable to the
minority
7.Total comprehensive income -2,630,766,547.61 1,435,537,351.11
Total comprehensive income
-2,625,642,882.12 1,427,550,876.99
attributable to owners
Total comprehensive income
-5,123,665.49 7,986,474.12
attributable to minority interest
8.Earnings per share
Basic earnings per share -0.55 0.24
Diluted earnings per share N/A N/A
Legal person: Zhang Baolin Chief financial officer: Zhang Deyong The head of accounting department: Chen Jianfeng
6、Income Statement from 1st January to 30th September
In RMB Yuan
Account Current Period Prior Period
1.Operating revenue 40,925,746,049.94 47,302,130,753.69
Less: Operating cost 36,669,471,484.36 40,610,368,755.55
Tax and surcharges 1,213,169,611.10 1,471,431,305.62
Operating expenses 1,870,809,533.03 3,564,786,417.55
General and administrative
1,360,825,568.19 1,693,916,179.04
expenses
Research and development
1,591,300,039.24 1,369,977,610.61
expenses
Financial expenses -121,729,573.14 -364,251,836.70
Add: Other income 440,862,305.46 808,401,420.89
Investment income -458,228,680.98 1,869,023,010.80
Including: Investment income
-509,433,452.89 1,231,574,015.78
from associates and joint venture
Gains from changes in fair value 36,565,000.00
Credit impairment loss -6,896,127.61
Asset impairment loss -141,818,001.51 -114,762,129.78
Gain on disposal of assets 9,756,936.37 27,458,836.63
2.Operating profit -1,777,859,181.11 1,546,023,460.56
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Add: Non-operating income 17,355,197.17 38,466,685.40
Less: Non-operating expenses 27,472,289.72 57,358,989.48
3.Total profit -1,787,976,273.66 1,527,131,156.48
Less: Income tax expense 96,571,829.17 -44,352,572.88
4.Net profit -1,884,548,102.83 1,571,483,729.36
5.Other comprehensive income, net of
- 248,078,967.99
tax
Other comprehensive income that
- 248,078,967.99
will be reclassified into profit or loss
Other comprehensive income of
convertible gains and losses under the - 280,064,467.99
equity method
Gains and losses from changes in
fair value of available-for-sale financial - -31,985,500.00
assets
6.Total comprehensive income -1,884,548,102.83 1,819,562,697.35
7、Consolidated cash flow statement
In RMB Yuan
Account Current Period Prior Period
1.Cash flows from operating activities:
Cash received from sale of goods
52,195,863,813.18 64,290,961,489.90
or rendering of services
Refunds of taxes 370,518,656.33 728,229,441.60
Cash received relating to other
4,051,700,128.82 2,686,402,763.17
operating activities
Subtotal of cash inflows 56,618,082,598.33 67,705,593,694.67
Cash paid for goods and services 41,039,472,205.53 54,305,861,406.86
Cash paid to and on behalf of
4,256,843,195.40 4,782,070,413.71
employees
Cash paid for all types of taxes 2,275,961,263.72 2,212,209,891.97
Cash paid relating to other
5,287,982,030.32 5,481,602,663.08
operating activities
Subtotal of cash outflows 52,860,258,694.97 66,781,744,375.62
Net cash flows from operating activities 3,757,823,903.36 923,849,319.05
2.Cashflows from investing activities:
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Cash received from investment
1,382,556,705.95 1,346,724,439.40
income
Net cash received from disposal of
fixed assets, intangible assets and other 9,246,980.58 23,899,810.00
long-term assets
Cash received relating to other
2,198,000.00 26,358,750.00
investing activities
Subtotal of cash inflows 1,394,001,686.53 1,396,982,999.40
Cash paid for acquisition of fixed
assets, intangible assets and other 3,313,861,816.59 4,609,034,832.18
long-term assets
Cash paid for acquisition of
936,788,517.00 2,541,431,126.88
investments
Cash paid relating to other
315,938,190.60
investing activities
Subtotal of cash outflows 4,566,588,524.19 7,150,465,959.06
Net cash flows from investing activities -3,172,586,837.66 -5,753,482,959.66
3.Cash flows from financing activities:
Cash received from borrowings 85,580,000.00 176,000,000.00
Cash received relating to other
6,166,032.98 782,530,058.59
financing activities
Subtotal of cash inflows 91,746,032.98 958,530,058.59
Cash repayments of borrowings 52,708,100.00 188,130,000.00
Cash paid for distribution of
dividends or profits and interest 119,340,285.40 2,171,816,595.62
expenses
Cash paid relating to other
333,635,591.15
financing activities
Subtotal of cash outflows 505,683,976.55 2,359,946,595.62
Net cash flows from financing activities -413,937,943.57 -1,401,416,537.03
4.Effect of changes in exchange rate on
30,891,589.91 22,636,773.73
cash
5.Net increase in cash and cash
202,190,712.04 -6,208,413,403.91
equivalents
Add: Opening balance of cash and cash
9,648,153,614.80 21,451,305,090.53
equivalents
6.Closing balance of cash and cash
9,850,344,326.84 15,242,891,686.62
equivalents
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
8、Cash Flow Statement
单位：元
项目 本期发生额 上期发生额
1. CASH FLOWS FROM
OPERATING ACTIVITIES:
Cash received from sale of goods
47,436,005,517.08 61,513,377,295.68
or rendering of services
Refunds of taxes 383,815,314.26
Cash received relating to other
2,387,245,384.10 2,087,450,058.48
operating activities
Sub-total of cash inflows 49,823,250,901.18 63,984,642,668.42
Cash paid for goods and services 37,783,862,965.51 51,657,866,443.31
Cash paid to and on behalf of
2,963,826,773.83 3,816,901,040.92
employees
Cash paid for all types of taxes 1,594,920,019.03 1,612,304,463.01
Cash paid relating to other
4,938,851,025.43 5,541,806,425.37
operating activities
Sub-total of cash outflows 47,281,460,783.80 62,628,878,372.61
Net cash flows from operating activities 2,541,790,117.38 1,355,764,295.81
2. CASH FLOWS FROM
INVESTING ACTIVITIES:
Cash received from return on
839,201.56
investments
Cash received from investment
1,389,178,372.61 1,353,648,189.40
income
Net cash received from disposal of
fixed assets, intangible assets and other 19,104,810.00
long-term assets
Cash received relating to other
117,358,750.00
investing activities
Sub-total of cash inflows 1,389,178,372.61 1,490,950,950.96
Cash paid for acquisition of fixed
assets, intangible assets and other 3,084,777,049.44 4,310,287,332.16
long-term assets
Cash paid for acquisition of
997,294,972.55 2,696,187,376.88
investments
Cash paid relating to other
300,000,000.00 200,000,000.00
investing activities
Sub-total of cash outflows 4,382,072,021.99 7,206,474,709.04
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Net cash flows from investing activities -2,992,893,649.38 -5,715,523,758.08
3. CASH FLOWS FROM FINANCING
ACTIVITIES:
Cash received from borrowings 29,580,000.00
Cash received relating to other
461,856,503.42
financing activities
Sub-total of cash inflows 29,580,000.00 461,856,503.42
Cash paid for distribution of
dividends or profits and interest 105,545,010.80 2,161,624,947.55
expenses
Sub-total of cash outflows 105,545,010.80 2,161,624,947.55
Net cash flows from financing activities -75,965,010.80 -1,699,768,444.13
4. EFFECT OF CHANGES IN
EXCHANGE RATE ON CASH
5. NET INCREASE IN CASH AND
-527,068,542.80 -6,059,527,906.40
CASH EQUIVALENTS
Add: Opening balance of cash and
7,310,973,018.99 20,172,657,984.53
cash equivalents
6. CLOSING BALANCE OF CASH
6,783,904,476.19 14,113,130,078.13
AND CASH EQUIVLANT
II. Notes on financial statement adjustments
1. Relevant situations of adjustment in financial statement at the beginning of the year when the new
financial instrument standards, new income standards and new lease standards are first implemented
√Applicable □Not Applicable
Consolidated Balance Sheet
In RMB Yuan
Account 2018.12.31 2019.1.1 Adjustment
Current assets:
Cash 9,980,544,526.14 9,980,544,526.14
Notes receivable and accounts receivable 21,971,045,405.74 21,971,045,405.74
Notes receivable 20,561,625,805.24 20,561,625,805.24
Accounts receivable 1,409,419,600.50 1,409,419,600.50
Prepayments 866,249,749.51 866,249,749.51
Other receivables 3,250,452,923.70 3,250,452,923.70
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Inventories 4,917,420,457.19 4,917,420,457.19
Holding assets for sale
Non-current assets due within one year
Other current assets 2,227,565,353.23 2,227,565,353.23
Total current assets 43,213,278,415.51 43,213,278,415.51
Non-current assets:
Available-for-sale financial assets 1,957,873,311.31 not applicable -1,957,873,311.31
Long-term receivables
Long-term equity investments 13,275,170,118.83 13,275,170,118.83
Investment in other equity instruments not applicable 1,957,873,311.31 1,957,873,311.31
Investment properties 7,329,561.28 7,329,561.28
Fixed assets 22,161,054,058.31 22,161,054,058.31
Construction in progress 5,383,844,030.75 5,383,844,030.75
Intangible assets 5,018,243,552.80 5,018,243,552.80
Development expenditure 789,597,615.60 789,597,615.60
Goodwill 9,804,394.00 9,804,394.00
Long-term deferred expenses 17,104,601.67 17,104,601.67
Deferred tax assets 1,655,554,438.89 1,655,554,438.89
Other non-current assets
Total non-current assets 50,275,575,683.44 50,275,575,683.44
TOTAL ASSETS 93,488,854,098.95 93,488,854,098.95
Current liabilities:
Short-term loans 190,000,000.00 190,000,000.00
Notes payable and accounts payable 28,724,063,539.34 28,724,063,539.34
Advances from customers 1,556,482,278.92 1,556,482,278.92
Payroll payable 1,362,995,277.56 1,362,995,277.56
Taxes payable 669,316,487.25 669,316,487.25
Other payables 3,079,749,015.81 3,079,749,015.81
Non-current liabilities within one year 6,594,120.00 6,594,120.00
Other current liabilities 4,325,441,152.61 4,325,441,152.61
Total current liabilities 39,914,641,871.49 39,914,641,871.49
Non-current liabilities:
Long-term loans
Long-term payables 303,590,824.69 303,590,824.69
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Long-term payroll payable 53,837,000.00 53,837,000.00
Estimated liabilities 3,245,322,744.12 3,245,322,744.12
Deferred Revenue 3,683,308,534.73 3,683,308,534.73
Deferred tax liabilities 135,231,170.59 135,231,170.59
Other non-current liabilities
Total non-current liabilities 7,421,290,274.13 7,421,290,274.13
Total liabilities 47,335,932,145.62 47,335,932,145.62
Owners’ equity (or Shareholders’ equity):
Share capital 4,802,648,511.00 4,802,648,511.00
Capital reserves 5,057,242,440.17 5,057,242,440.17
Other comprehensive income 235,509,930.44 235,509,930.44
Special reserves 41,222,369.10 41,222,369.10
Surplus reserves 2,401,324,255.50 2,401,324,255.50
Retained earnings 33,707,011,170.31 33,707,011,170.31
Equity attributable to owners 46,244,958,676.52 46,244,958,676.52
Minority interests -92,036,723.19 -92,036,723.19
Total Owners’ equity (or Shareholders’ equity) 46,152,921,953.33 46,152,921,953.33
Liabilities and owners' equity (or shareholders' equity) in
93,488,854,098.95 93,488,854,098.95
total
Statement of adjustment
In 2017, the Ministry of Finance revised and issued the “Accounting Standard for Business Enterprise No.22- Recognition of
financial instrument and measurement”, “Accounting Standard for Business Enterprise No.23- Transfer of Financial assets”,
“Accounting Standard for Business Enterprise No.24- Hedge Accounting” and “Accounting Standard for Business Enterprise No.37-
Presentation of financial instruments”, and the enterprises listed in China are required to implementing relevant accounting rules of
new financial instruments since 1 Jan. 2019.
In accordance with the requirement, the company carries out above mentioned accounting rules since 1 Jan. 2019 and reclassify
“Available-for-sale financial assets” into “Investment in other equity instruments” for presenting.
Balance Sheet
In RMB Yuan
Account 2018.12.31 2019.1.1 Adjustment
Current assets:
Cash 7,310,973,018.99 7,310,973,018.99
Notes receivable and accounts receivable 25,070,320,963.39 25,070,320,963.39
Notes receivable 19,391,160,283.70 19,391,160,283.70
Accounts receivable 5,679,160,679.69 5,679,160,679.69
Prepayments 671,849,711.04 671,849,711.04
Other receivables 2,344,318,158.83 2,344,318,158.83
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Inventories 3,851,783,233.12 3,851,783,233.12
Holding assets for sale
Non-current assets due within one year
Other current assets 1,355,155,749.21 1,355,155,749.21
Total current assets 40,604,400,834.58 40,604,400,834.58
Non-current assets:
Available-for-sale financial assets 541,182,000.00 not applicable -541,182,000.00
Long-term receivables
Long-term equity investments 18,017,137,600.72 18,017,137,600.72
Investment in other equity instruments not applicable 541,182,000.00 541,182,000.00
Investment properties
Fixed assets 16,795,537,563.35 16,795,537,563.35
Construction in progress 4,114,409,774.13 4,114,409,774.13
Intangible assets 4,054,893,372.88 4,054,893,372.88
Development expenditure 559,309,970.45 559,309,970.45
Goodwill
Long-term deferred expenses 12,555,353.69 12,555,353.69
Deferred tax assets 1,533,057,523.95 1,533,057,523.95
Other non-current assets 250,000,000.00 250,000,000.00
Total non-current assets 45,878,083,159.17 45,878,083,159.17
TOTAL ASSETS 86,482,483,993.75 86,482,483,993.75
Current liabilities:
Short-term loans
Notes payable 13,572,757,870.72 13,572,757,870.72
Accounts payable 10,690,985,635.15 10,690,985,635.15
Advances from customers 1,208,631,011.05 1,208,631,011.05
Payroll payable 1,001,765,362.99 1,001,765,362.99
Taxes payable 604,525,457.30 604,525,457.30
Other payables 3,219,909,047.22 3,219,909,047.22
Holding liabilities for sale
Non-current liabilities within one year
Other current liabilities 3,923,419,042.37 3,923,419,042.37
Total current liabilities 34,221,993,426.80 34,221,993,426.80
Non-current liabilities:
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2019 Third Quarter Report of Chongqing Changan Automobile Company Limited
Long-term loans
Long-term payables 248,240,115.29 248,240,115.29
Long-term payroll payable 24,315,000.00 24,315,000.00
Estimated liabilities 2,372,512,543.49 2,372,512,543.49
Deferred Revenue 2,827,208,446.74 2,827,208,446.74
Deferred tax liabilities 26,683,742.04 26,683,742.04
Other non-current liabilities
Total non-current liabilities 5,498,959,847.56 5,498,959,847.56
Total liabilities 39,720,953,274.36 39,720,953,274.36
Owners’ equity (or Shareholders’ equity):
Share capital 4,802,648,511.00 4,802,648,511.00
Capital reserves 4,705,917,638.38 4,705,917,638.38
Other comprehensive income 149,525,803.58 149,525,803.58
Special reserves 19,835,367.61 19,835,367.61
Surplus reserves 2,401,324,255.50 2,401,324,255.50
Retained earnings 34,682,279,143.32 34,682,279,143.32
Total Owners’ equity (or Shareholders’ equity) 46,761,530,719.39 46,761,530,719.39
Liabilities and owners' equity (or shareholders' equity) in
86,482,483,993.75 86,482,483,993.75
total
Statement of adjustment
In 2017, the Ministry of Finance revised and issued the “Accounting Standard for Business Enterprise No.22- Recognition of
financial instrument and measurement”, “Accounting Standard for Business Enterprise No.23- Transfer of Financial assets”,
“Accounting Standard for Business Enterprise No.24- Hedge Accounting” and “Accounting Standard for Business Enterprise No.37-
Presentation of financial instruments”, and the enterprises listed in China are required to implementing relevant accounting rules of
new financial instruments since 1 Jan. 2019.
In accordance with the requirement, the company carries out above mentioned accounting rules since 1 Jan. 2019 and reclassify
“Available-for-sale financial assets” into “Investment in other equity instruments” for presenting.
2. Explanation on retrospective adjustments in the previous comparison data for the first implementation
of new financial instrument standards and new lease standards
□Applicable √Not Applicable
III. Auditors’ Report
Whether the third quarter report has been audited
□ Yes √No
The third quarter report has not been audited.
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