Short form of the Stock: Suchangchai A, Suchangchai B Stock Code: 000570, 200570 Notice Number: 2010-008
CHANGCHAI COMPANY, LIMITED
THE FIRST QUARTERLY REPORT FOR YEAR 2010
§1 Important Notice
1.1 The Board of Directors, the Supervisory Committee, directors, supervisors and senior
executives of the Changchai Company, Limited (hereinafter referred to as the Company) warrant
that this report does not contain any false or misleading statements or omit any material facts and
all information set forth herein are true, accurate and complete.
1.2 None of the directors, supervisors, senior management staffs demonstrated uncertainty or
disagreement about the truthfulness, accuracy, and completeness of this quarterly report.
1.3 All directors of the Company attended the Board meeting.
1.4 The first quarterly financial report has not been audited.
1.5 Person in charge of the Company Mr. Xue guojun, person in charge of the accounting Mr. He
Jianguang and person in charge of accounting organizations Mr. Jiang He hereby confirm that the
Financial Report enclosed in the Quarterly Report is true and complete.
§2 Company Profile
2.1 Main accounting data and financial indicators
Unit: RMB
As at 31 Mar. 2010 As at 31 Dec. 2009
Increase/decrease
(%)
Total assets 3,019,331,501.89 2,940,087,431.89 2.70
Owners’ equity (shareholders’
equity)
1,879,223,887.47 1,797,529,734.74 4.54
Share capital 561,374,326.00 561,374,326.00 0.00
Net assets per share 3.35 3.20 4.69
Jan.-Mar. 2010 Jan.-Mar. 2009
Increase/decrease
(%)
Total sales 769,300,023.37 623,404,066.93 23.40
Net profit 39,894,552.73 33,923,390.49 17.60
Net cash flow arising from
operating activities
-4,050,892.81 176,366,986.69 -102.30
Net cash flow per share arising
from operating activities
-0.01 0.47 -102.13
Basic earnings per share 0.07 0.09 -22.22
Diluted earnings per share 0.07 0.09 -22.22Return on equity (%) 2.12 2.58 Down 0.46
Return on equity after deducting
extraordinary gains and losses(%)
2.54 1.59 Up 0.95
Items of extraordinary gains and losses
Unit: RMB
Explanation on significant items of non-recurring gains and losses
Naught
2.2 Total number of shareholders as at the end of reporting period and shares held by the top ten
shareholders not subject to trading moratorium
Unit: Share
Total shareholders at the end
of report period 119017
Shares held by the top ten tradable shareholders
Name of shareholder (full name)
Number of shares not
subject to trading
moratorium
Type of share
1. State-owned Assets Supervision &
Management Committee of Changzhou
Municipal People's Government
168,497,736 Renminbi Ordinary Shares
2. Beijing Zhongji Hongli Assets
Management Co., Ltd
977,690 Renminbi Ordinary Shares
3. NORGES BANK 898,350 Domestically listed foreign shares
4. Li Tao 838,391 Domestically listed foreign shares
5. Yu Xiaoping 790,000 Domestically listed foreign shares
6. Ma Zeqi 712,500 Domestically listed foreign shares
7. Shenzhen Huarong Century Investment
Co., Ltd
640,250 Renminbi Ordinary Shares
8. NIHK-CUSTOMERS’ SEGREGATED
ACCOUNT
582,000 Domestically listed foreign shares
9. Shanghai Hongkong Wanguo Securities 568,490 Domestically listed foreign shares
10. Zhou Nan 528,241 Renminbi Ordinary Shares
§3 Significant Events
3.1 Particular about large-margin change of main accounting statement item and financial index
and its reason
√Applicable □Inapplicable
Items of extraordinary gains and losses
Amount from the year-begin to
the end of reporting period
Net non-operating income and expenses 461,181.07
Impact on income tax -8,320,558.36
Total -7,859,377.291. Receivable accounts increased71.45% over the year-begin, mainly because the Company
sold goods on credit appropriately in the 1st quarter of 2009 according to agreement and plan
to extend market.
2. Inventories reduced 40.14% over the year-begin, mainly because some inventories
prepared for this quarter has been sold out in this period.
3、Account received in advance increased 66.54% over the year-begin, because the Company
prepaid the part of payment for goods due to upward tendency in the price of raw materials.
4. Other accounts payable increased 42.43% over the year-begin, because the Company
proposed sales favor in advance according to marketing policy of the Company.
5. Investment income decreased over the year-begin, because the Company sold 4,500,000
shares of Foton Motor held and gained RMB 14.71 million at the same period of last year.
3.2 The progress and influence of significant events and the analysis and explanation on
resolving proposal
□Applicable √Inapplicable
3.3 The fulfillment of the commitment made by the Company, shareholders and the actual
controller
√Applicable □Inapplicable
Commitments Promisee Content of commitments Implementation
Commitment made when share
merger reform
State-owned Assets
Supervision and
Administration
Commission of
Changzhou Municipal
People’s Government
1. No trading and transfer may be taken within
12 months as of the date when the share
merger reform was implemented.
2. After expiration of the aforesaid
undertaking, original non-tradable shares
could be sold through listing and trading on
Shenzhen Stock Exchange, but proportion of
number of shares in total shares of the
Company shall not exceed 5 percent within 12
months, as well as not exceed 10 percent
within 24 months.
The
Committment
has been
implemented.
Commitment concerning share
trading moratorium
Inapplicable
Commitment in the acquisition
report or the report on equity
changes
Inapplicable
Commitment made in the significant
asset reorganization
Inapplicable
Commitment made in the issuance Inapplicable
Other commitments (including
supplementary ones)
Inapplicable
3.4 Warnings of possible loss or large-margin change of the accumulated net profit made during
the period from the beginning of the year to the end of the next report period compared with the
same period of the last year according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable3.5 Other significant events that need to be explained
3.5.1 Whether there is the capital provided by the Company to the controlling shareholders or
other related parties, or external guarantee in violation of established procedure
□Applicable √Inapplicable
3.5.2 Plan to the Share Holdings proposed or implemented by the shareholders holding over 30%
equities of the Company in the reporting period
□Applicable √Inapplicable
3.5.3 Securities investment
√Applicable □Inapplicable
Unit: RMB Yuan
No.
Type of
securities
Securities
code
Short form
of securities
Initial
investment
amount
(Yuan)
Holding
number
Book value in
period-end
Proportion of
total securities
in period-end
(%)
Gains/losses in
the report period
1 Stock 002384
Dongshan
Precision
13,000.00 500 13,000.00 100.00% 0.00
Other securities investments held in period-end 0.00 - 0.00 0.00 -
Securities investment gain/loss sold out in the
period
- - - - -
Total 13,000.00 500 13,000.00 100.00% 0.00
3.5.4 Equity of other listed companies held by the Company
√Applicable □Inapplicable
Unit: RMB Yuan
Stock code
Short form of
stock
Initial
investment
amount
Equity
proportion
in that of
this
company
Book value at
the period-end
Profit and
loss in the
report
period
Change in the
owners’ equity
in the report
period
Subject for
accounting
calculation
Source of
shares
600166 Foton Motor 41,784,000.00 3.94% 737,311,250.00 0 32,873,750.00
Financial ass
ets available
for sale
Exchange
assets of
Changcha
i Group
in 1999
600377
Ninghu
Expressway
90,500.00 403,000.00 0 46,000.00
Financial ass
ets available
for sale
Agreeme
nt
transfer
Total 41,874,500.00 737,714,250.00 0 32,919,750.00
3.5.5Equity of non-listed financial enterprises held by the Company√Applicable □Inapplicable
Unit: RMB Yuan
Name
Initial
investment
amount
Number of
shares held
Equity
proportion
in that of
this
company
Book value at
the
period-end
Profit and
loss in the
report
period
Change in the
owners’
equity in the
report period
Subject for
accounting
calculation
Source of
shares
Bank of
Jiangsu
38,000,000.00 38,000,000 0.48% 38,000,000.00 0.00 0.00
long-term
equity
investment
sponsor
shares
Total 38,000,000.00 38,000,000 - 38,000,000.00 0.00 0.00 - -
3.5.6 Significant Contract in the reporting period
□Applicable √Inapplicable
3.5.7 Particulars about reception of researches, communications and interviews in the report
period
□Applicable √Inapplicable
3.6 Investment on derivative products
□Applicable √Inapplicable
3.6.1 Quantity of invested derivative products at the period-end
□Applicable √Inapplicable
