Short Form of the Stock: Su Changchai A, Su Changchai B Stock Code: 000570, 200570 Public Notice No.: 2010-017
CHANGCHAI COMPANY, LIMITED
SUMMARY OF SEMI-ANNUAL REPORT 2010
§1. Important Notice
1.1 The Board of Directors, the Supervisory Committee as well as Directors, Supervisors and
Senior Executives of 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 shall take individual and joint responsibility for the accuracy,
truth and completeness of its contents.
The Summary of Semi-Annual Report 2010 is abstracted from the full text of the
Semi-annual Report 2010, which is published on the internet website http://www.cninfo.com.cn
in the mean time. The investors are suggested to read the full text to understand more details.
1.2 No directors, supervisors or senior executives have declared uncertainty or disagreement
about the truthfulness, accuracy and completeness of this report.
1.3 Director He jianguang were absent from the Board meeting due to some reasons, and
respectively entrusted Director Shi Jianchun to vote on his behalf.
1.4 The financial report for the first half of 2010 has not been audited.
1.5 Person in charge of the Company Mr. Xue Guojun, person in charge of the accounting
work Mr. He Jianguang and person in charge of accounting organization Mr. Jiang He hereby
confirm that the Financial Report enclosed in this Semi-Annual Report is true and complete.
§2 Company Profile
2.1 Basic information
Short form of the stock Su Changchai A, Su Changchai B
Stock code 000570, 200570
Listed stock exchange Shenzhen Stock Exchange
Secretary to the Board Securities Affairs Representative
Name Shi Jianchun He Jianjiang
Contact address
No. 123, Huaide Middle Road, Changzhou,
Jiangsu
No. 123, Huaide Middle Road, Changzhou,
Jiangsu
Tel. （86）519-86610041 （86）519-86603656-3155
Fax （86）519-86630954 （86）519-86630954
E-mail ccsjc@changchai.com cchjj@changchai.com
2.2 Major financial data and indices
2.2.1 Major accounting data and financial indices
Unit: RMB Yuan
At the end of this report At the period-end of Increase/decrease ofperiod last year the end of this report
period compared with
the period-end of last
year (%)
Total assets 3,007,912,252.62 2,940,087,431.89 2.31
Owners’ equity attributable to shareholders of the listed
company
1,802,931,811.62 1,797,529,734.74 0.30
Share capital 561,374,326.00 561,374,326.00 0.00
Net assets per share attributable to shareholders of the
listed company (Yuan/share)
3.21 3.20 0.31
The report period (Jan.
-Jun.)
The same period of last
year
Increase/decrease of
current period
year-on-year (%)
Total operating income 1,486,675,455.65 1,247,512,762.60 19.17
Operating profit 74,247,231.87 217,621,227.57 -65.88
Total profit 76,052,323.60 218,623,563.05 -65.21
Net profit attributable to shareholders of the listed
company
62,560,326.88 188,720,466.26 -66.85
Net profit attributable to shareholders of the listed
company after deducting non-recurring gains and losses
60,930,569.42 60,359,887.38 0.95
Basic EPS (Yuan/share) 0.11 0.50 -78.00
Diluted EPS (Yuan/share) 0.11 0.50 -78.00
ROE (%) 3.47% 12.06% -8.59
Net cash flows from operating activities 73,577,854.63 279,337,848.92 -73.66
Net cash flows per share from operating activities
(Yuan/share)
0.13 0.75 -82.67
2.2.2 Items of non-recurring gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount Remark
Gains and losses from non-current asset disposal 1,579,785.08
Including: a net income of RMB
1,579,785.08 from fixed asset
disposal
Government subsidies recognized into current gains and losses
(excluding those subsidies which are closely related to the
Company’s business and are enjoyed at fixed amounts or proportions
according to unified state standards)
623,730.84
Gains and losses from fair value changes in transactional financial 242,847.27assets and liabilities, and investment incomes from disposing
transactional financial assets and liabilities and financial assets
available for sale, excluding the effective hedging business related to
the normal operation of the Company
Other non-operating incomes and expenses besides the items above -398,424.19
Effect on income tax -345,796.31
Effect on minority interests (after tax) -72,385.23
Total 1,629,757.46
2.2.3 Difference between PRC GAAP and IFRS
√Applicable □Inapplicable
Unit: RMB Yuan
PRC GAAP IFRS
Net profit 62,560,326.88 62,560,326.88
Net assets 1,802,931,811.62 1,802,931,811.62
Explanation on
difference
No difference
§3 Changes in Share Capital and Particulars about Shareholders
3.1 Statement on changes in shares
□Applicable √Inapplicable
3.2 Shares held by the top ten shareholders and the top ten shareholders of tradable shares
Unit: Share
Total number of shareholders 114,543
Particulars about shares held by the top ten shareholders
Name of shareholder
Nature of
shareholder
Proportion in
total shares
Total number of
shares held
Shares subject to
moratorium held
Shares pledged
or frozen
1. State-owned Assets Supervision and
Administration Commission of
Changzhou Municipal Government
State-owned
shareholder
30.02% 168,497,736 0 28,068,716
2. NORGES BANK
Foreign
corporation
0.16% 898,350 0
3. Li Tao
Domestic natural
person
0.15% 838,391 0
4. Tong Chunxia
Domestic natural
person
0.15% 821,900 0
5. Wei Xianming
Domestic natural
person
0.15% 820,000 0
6. GUOTAI JUNAN
SECURITIES(HONGKONG) Foreign 0.15% 817,350 0LIMITED corporation
7. Yu Xiaoping
Domestic natural
person
0.14% 790,000 0
8. Shenzhen Huarong Century
Investment Co., Ltd.
Domestic
corporation
0.13% 740,250 0
9. Ma Zeqi
Domestic natural
person
0.13% 712,500 0
10. Zhou Nan
Domestic natural
person
0.12% 670,141 0
Particulars about shares held by the top ten shareholders not subject to trading moratorium
Name of shareholders
Number of shares not subject to
trading moratorium held by the
shareholder
Type of shares
1. State-owned Assets Supervision and Administration
Commission of Changzhou Municipal Government
168,497,736 Renminbi ordinary shares
2. NORGES BANK 898,350
Domestically listed foreign
shares
3. Li Tao 838,391
Domestically listed foreign
shares
4. Tong Chunxia 821,900
Domestically listed foreign
shares
5. Wei Xianming 820,000 Renminbi ordinary shares
6. GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 817,350
Domestically listed foreign
shares
7. Yu Xiaoping 790,000
Domestically listed foreign
shares
8. Shenzhen Huarong Century Investment Co., Ltd. 740,250 Renminbi ordinary shares
9. Ma Zeqi 712,500
Domestically listed foreign
shares
10. Zhou Nan 670,141 Renminbi ordinary shares
Explanation on associated relationship
and action-in-concert among the top
ten shareholders
It is unknown whether there was any associated relationship among the top ten tradable
shareholders and among the top ten shareholders not subject to moratorium, or whether
there is any action-in-concert among them as described by Measures for the Administrative
of Disclosure of Shareholder Equity Changes.
3.3 Changes in controlling shareholder and actual controller of the Company
□Applicable √Inapplicable
§4 Particulars about Directors, Supervisors and Senior Executives
4.1 Particulars about changes in shares held by directors, supervisors and senior executives
□Applicable √Inapplicable
The number of stock option and limited stock held by the above directors, supervisors and
senior management□Applicable √Inapplicable
§5 Report of the Board of Directors
5.1 Main operations classified according to industries or products
Unit: RMB Ten thousand
Main operation classified according to industries
Industries or products
Operating
income
Operating
cost
Gross
profit rate
(%)
Increase or
decrease of
operating income
year-on-year (%)
Increase or
decrease of
operating cost
year-on-year (%)
Increase or
decrease of gross
profit rate
year-on-year (%)
Diesels engines and fittings 147318.52 128056.36 13.08 19.41 19.78 -0.27
Main operation classified according to products
Diesels engines and fittings 147318.52 128056.36 13.08 19.41 19.78 -0.27
Of which: total amount of related transactions that listed company sold products and provide
labor service to its controlling shareholder and subsidiaries was zero in the report period.
5.2 Main operations classified according to areas
Unit: RMB Ten thousand
Area Operating income (RMB) Year-on-year increase/decrease (%)
East China 65036.94 12.18
Northeast 8216.90 10.86
Southwest 15266.37 13.22
Central China 16459.60 34.65
North China 8310.90 -6.47
Northwest 4581.81 11.61
South China 10552.40 31.71
Export 9459.74 59.22
5.3 Reasons for significant changes in main operations and its structure
□Applicable √Inapplicable
5.4 Explanation on reasons for significant changes in profitability of main operations (gross
profit ratio) than that in the last year
□Applicable √Inapplicable
5.5 Analysis to reasons for significant changes in profit breakdown compared with the
previous year
√Applicable □Inapplicable
In the first half of 2009, the Company sold 4,500,000 “Foton Motor” shares held by it as
transactional financial assets, which generated a before-tax income amounting to RMB
14,805,000. And the Company also sold 35,117,105 shares of “*ST Kama B” and gained a
before-tax investment income reaching RMB 155,467,800. But there occurred no such
just-for-once investment incomes in the first six months of 2010.
5.6 Utilization of the raised proceeds
5.6.1 Utilization of the raised proceeds
□Applicable √Inapplicable
5.6.2 Change of projects
□Applicable √Inapplicable5.7 Business plan revised by the Board of Directors for the second half year of 2010
□Applicable √Inapplicable
5.8 Estimation on accumulative net profit from the beginning of the year to the end of next
report period to be loss probably or the warning of its significant change compared with the
corresponding period of the last year and explanation on reason
□Applicable √Inapplicable
5.9 Explanation of the Management Team on “Non-standard Auditors’ Opinion” from the
Certified Public Accountants in the report period
□Applicable √Inapplicable
5.10 Explanation of the Board of Directors on changes and solutions of the issues involved in
“Non-standard Auditors’ Opinion” from the Certified Public Accountants in the last year
□Applicable √Inapplicable
§6 Significant Events
6.1 Acquisition and sales of assets and assets restructure
6.1.1 Assets acquired
□Applicable √Inapplicable
6.1.2 Assets sold
□Applicable √Inapplicable
6.1.3 Progress of these events and its influence on the operating results and financial status in
the report period after the report on assets restructure or public notice on acquisition and
sales of assets being published
□Applicable √Inapplicable
6.2 Guarantees
√Applicable □Inapplicable
Unit: RMB’0000 Yuan
External guarantee of the Company (excluding the guarantee for the shareholding subsidiaries)
Name of the
company guaranteed
Date of occurrence (date of
signing relevant agreement)
Amount of
guarantee
Guarantee
type
Guarantee
term
Accomplishe
d or not
Guarantee for related
party (yes or not)
Total guarantee amount in the report period 0.00
Total guarantee balance at the end of the report period
(A)
0.00
Guarantee for the subsidiaries from the Company
Total guarantee amount for the subsidiaries in the
report period
0.00
Total guarantee balance for the subsidiaries at the end
of the report period (B)
1,150.00
Total guarantee amount from the Company（including the guarantee for the subsidiaries）
Total guarantee amount (A+B) 1,150.00
The proportion of the total guarantee amount in the
net asset of the Company
0.64%
Including:
Guarantee amount offered to shareholders, actual 0.00controllers and related parties (C)
Guarantee amount for debt offered to the guarantee
party whose asset-liability ratio was over 70%
directly or indirectly (D)
0.00
Part of the amount of the total guarantee over 50%
(E)
0.00
Total guarantee for the above*（C+D+E） 0.00
Explanation on joint responsibility of for undue
guarantee
Naught
6.3 Non-operating current related credits and liabilities
□Applicable √Inapplicable
In the report period, the accumulative capital in relation to the lawsuits and arbitrations in
which the Company was involved reached RMB 14.36 million. And the said lawsuits and
arbitrations were all cases carried down from the previous years to the report period. For
more details, please refer to the notes of the financial statements in this report.
6.4 Material lawsuits and arbitrations
√Applicable □Inapplicable
6.5 Other significant events and explanation on analysis to their influences and solutions
□Applicable √Inapplicable
6.5.1 Securities investment
√Applicable □Inapplicable
Unit: RMB Yuan
Sequ
ence
No.
Securities
variety
Stock
code
Short form
of stock
Initial
investment
amount (RMB)
Number of
shares held
(share)
Book value at
period-end
(RMB)）
Proportion in
total securities
investment at
period-end (%)
Profits or
losses in
report period
(RMB)
1
Convertibl
e debt
113001
Convertible
debt from
BOC
473000.00 4730 478534.10 83.61 5534.10
2 Stock 601000
Tangshan
Port
16400.00 2000 16400.00 2.87 0.00
3 Stock 002441
Zhong
Yeda
19950.00 500 19950.00 3.49 0.00
4 Stock 002440 Runtu 31200.00 1000 31200.00 5.45 0.00
5 Stock 300094
Guolian
Aquatic
Products
7190.00 500 7190.00 1.26 0.006 Stock 300093
Golden
glass
8100.00 500 8100.00 1.42 0.00
7 Stock 002443
Kingland
Pipeline
11000.00 500 11000.00 1.92 0.00
Other securities investment held at period-end 0 0 0 0 0
Profits or losses from securities investment
sold in report period
— — — — 237313.17
Total 566840.00 — 572374.10 242847.27
6.5.2 Equity of other listed companies held by the Company
√Applicable □Inapplicable
Unit: RMB Yuan
Stock code
Short form of
stock
Initial investment
amount (RMB)
Proportion in
equity of this
company
Book value at the
period-end
(RMB)
Profits or losses
for the report
period (RMB)
Changes in owners’
equity in the report
period
600166 Foton Motor 41784000.00 3.94% 620988750.00 0.00 -67192500.00
600377 Ninghu
Expressway
90500.00 304500.00 0.00 -52500.00
Total 41874500.00 — 621293250.00 0.00 -67245000.00
6.5.3 Non-operating capital occupation by principal shareholders and its affiliated enterprises
and progress of debt repayment
□Applicable √Inapplicable
6.5.4 Implementation of commitments made by the Company, as well as its shareholders and
actual controller
√Applicable □Inapplicable
Commitment Promisee Contents of commitment Implementation
Commitment made in the share
reform
the State-owned
Assets
Supervision and
Administration
Commission of
Changzhou
People’s
Government
1. No trading or transfer of the held
non-tradable shares shall be conducted within
12 months since the date when the share
merger reform was implemented.
2. After the expiration of the aforesaid
commitment period, the original non-tradable
shares could be sold through listing and
trading on Shenzhen Stock Exchange, but the
proportion of number of shares sold in total
shares of the Company shall not exceed 5
percent within 12 months, as well as not
exceed 10 percent within 24 months.
All the said shares
have been released
from trading
moratorium
according to
regulations.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
6.5.5 Pre-plan of the Board of Directors for profit distribution or turning capital reserves into
share capital
□Applicable √Inapplicable
6.5.6 Items of other comprehensive income
Unit: RMB Yuan
Items
Occurred amount
in this period
Occurred amount
in the last period
1. Profits/(losses) from available-for-sale financial assets -67,245,000.00 269,048,677.05
Less: Effects on income tax generating from available-for-sale financial assets -10,086,750.00 40,357,301.55
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
Subtotal -57,158,250.00 228,691,375.50
2. Interests in the investee entities’ other comprehensive income as per equity
method
Less: Effects on income tax generating from the interests in the investee
entities’ other comprehensive income as per equity method
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
Subtotal
3. Profits/(losses) from cash flow hedging instrument
Less: Effects on income tax generating from cash flow hedging instrument
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
The adjustment value that is the converted initial recognition amount of
arbitrage project
Subtotal
4. Converted amount of foreign currency financial statements
Less: Net value of disposal of oversea operations that recognized into current
profit and loss
Subtotal5. Other
Less: Effects on income tax generating from the others that included into other
comprehensive income
Net amount transferred into profit and loss in the current period that
recognized into other comprehensive income in prior period
Subtotal
Total -57,158,250.00 228,691,375.50
6.6 Particulars about reception of research, communication and interview in this report period
□Applicable √Inapplicable
§7 Financial Report
7.1 Auditing opinions
Financial Report √Un-audited □Audited
7.2 Financial statement
7.2.1 Balance Sheet
Prepared by Changchai Company, Limited 30 Jun. 2010 Unit: RMB Yuan
Closing balance Beginning balance
Items
Consolidation Parent company Consolidation Parent company
Current assets:
Monetary funds 800,969,743.08 773,682,332.19 770,721,154.44 732,773,854.30
Settlement fund reserve
Dismantle fund
Transaction financial asset 572,374.10
Notes receivable 67,834,743.30 60,004,743.30 83,834,240.00 76,174,240.00
Account receivable 403,658,371.80 369,873,054.48 255,668,271.46 218,589,252.04
Account paid in advance 16,886,791.62 15,069,974.73 23,512,432.19 24,502,835.32
Premium receivables
Receivables from reinsurers
Reinsurance contract reserve receivables
Interest receivable
Dividend receivable
Other account receivable 18,799,047.07 7,408,289.89 15,656,250.31 14,418,443.89
Financial assets purchased under
agreements to resell
Inventories 307,865,529.22 234,977,061.34 370,423,764.66 312,897,677.55
Non-current assets due within 1 year
Other current assets 135,131.40 133,419.55
Total current assets 1,616,721,731.59 1,461,015,455.93 1,519,949,532.61 1,379,356,303.10
Non-current assets:
Loans and advanceAvailable for sale financial assets 621,293,250.00 621,293,250.00 688,538,250.00 688,538,250.00
Held to maturity investments 10,000,000.00
Long-term account receivable
Long-term equity investment 60,708,368.14 142,048,168.14 60,708,368.14 112,048,168.14
Investing property 69,426,904.43 69,426,904.43 70,531,074.83 70,531,074.83
Fixed asset 432,064,197.53 377,628,125.73 430,555,693.45 374,070,571.63
Project in construction 105,999,675.85 105,358,344.12 65,803,686.54 65,543,304.34
Engineering material
Fixed asset disposal
Bearer biological asset
Oil assets
Intangible assets 91,115,616.76 88,861,899.03 103,418,318.00 101,134,909.93
Development expense
Goodwill
Long-term expense to be apportioned
Deferred tax assets 582,508.32 582,508.32 582,508.32 582,508.32
Other non-current assets
Total of non-current assets 1,391,190,521.03 1,405,199,199.77 1,420,137,899.28 1,412,448,787.19
Total assets 3,007,912,252.62 2,866,214,655.70 2,940,087,431.89 2,791,805,090.29
Current liabilities:
Short-term borrowings 31,500,000.00 41,500,000.00
Borrowing from Central Bank
Deposits and due to banks and other
financial institutions
Placements from banks and other financial
institutions
Transaction financial liabilities
Notes payable 335,289,100.00 318,170,000.00 323,666,300.00 294,380,000.00
Account payable 445,489,176.80 407,098,751.50 459,360,350.72 422,014,864.70
Account received in advance 60,493,742.68 57,546,332.70 37,892,215.77 36,868,917.59
Financial assets sold under agreements to
repurchase
Handling charges and commission payable
Employee’s compensation payable 28,512,794.67 24,560,704.13 49,743,183.62 44,412,398.41
Tax payable -3,849,824.71 213,550.77 -6,934,188.05 -1,294,677.52
Interest payable
dividend payable 3,891,433.83 3,243,179.97 3,891,433.83 3,243,179.97
Other account payable 167,061,268.94 159,874,419.63 119,130,766.55 120,169,477.26
Due to reinsurers
Insurance contract reserve
Customer deposits
Amount payables under security
underwritingNon-current liabilities due within 1 year
Other current liabilities 1,727,834.71 334,297.88
Total current liabilities 1,070,115,526.92 970,706,938.70 1,028,584,360.32 919,794,160.41
Non-current liabilities:
Long-term borrowings 30,000,000.00 30,000,000.00
Debentures payable
Long-term payables
Specific purpose account payables
Provisions for contingent liabilities
Deferred tax liabilities 86,912,812.50 86,912,812.50 96,999,562.50 96,999,562.50
Other non-current liabilities 6,333,000.00 6,333,000.00 6,060,000.00 6,060,000.00
Total non-current liabilities 123,245,812.50 123,245,812.50 103,059,562.50 103,059,562.50
Total liabilities 1,193,361,339.42 1,093,952,751.20 1,131,643,922.82 1,022,853,722.91
Owner’s equity (or shareholders’ equity)
Paid-in capital (or share capital) 561,374,326.00 561,374,326.00 561,374,326.00 561,374,326.00
Capital surplus 665,871,061.26 675,550,247.45 723,029,311.26 732,708,497.45
Less: Treasury Stock
Specific reserves
Reserved fund 262,059,351.41 262,059,351.41 262,059,351.41 262,059,351.41
General risk provision
Retained earnings 313,627,072.95 273,277,979.64 251,066,746.07 212,809,192.52
Foreign exchange difference
Total owners' equity attributable to holding
company
1,802,931,811.62 1,772,261,904.50 1,797,529,734.74 1,768,951,367.38
Minority interest 11,619,101.58 10,913,774.33
Total owner’s equity 1,814,550,913.20 1,772,261,904.50 1,808,443,509.07 1,768,951,367.38
Total liabilities and owner’s equity 3,007,912,252.62 2,866,214,655.70 2,940,087,431.89 2,791,805,090.29
7.2.2 Income Statement
Prepared by Changchai Company, Limited Jan.-Jun. 2010 Unit: RMB Yuan
In current period The same period of last year
Items
Consolidation Parent company Consolidation Parent company
I. Total operation income 1,486,675,455.65 1,498,628,361.73 1,247,512,762.60 1,255,320,258.61
Including: Sales income 1,486,675,455.65 1,498,628,361.73 1,247,512,762.60 1,255,320,258.61
Interest income
Premium income
Handling charges and commission
income
II. Total operation cost 1,419,173,571.05 1,434,391,178.32 1,201,087,846.36 1,214,002,985.79
Including: Cost of sales 1,287,727,677.72 1,315,285,655.58 1,083,838,249.11 1,106,419,500.15
Interest expenses
Handling charges and commission
expensesSurrender value
Net amount of claims
Net amount of insurance contract
reserve withdrawn
Expenditure on policy dividends
Reinsurance premium expenses
Taxes and associate charges 174,893.55 111,622.19
Selling expenses 51,194,531.22 47,503,047.78 55,539,292.48 53,477,331.68
Administrative expenses 81,383,842.99 74,136,284.41 61,026,897.65 54,740,529.53
Financial expenses -1,307,374.43 -2,533,809.45 -3,217,766.99 -4,533,199.69
Impairment loss 3,789,551.92 3,898,824.12
Add: gain from change in fair value (“-”
means loss)
5,534.10 -16,440,300.00 -16,440,300.00
Gain from investment (“-” means loss) 6,739,813.17 6,502,500.00 187,636,611.33 187,636,611.33
Including: income form
investment in affiliated enterprise and joint
ventures
Foreign exchange difference (“-” means
loss)
III. Operation profit (“-” means loss) 74,247,231.87 70,739,683.41 217,621,227.57 212,513,584.15
Add: non-operation income 5,984,057.24 5,532,540.35 6,169,392.10 3,377,541.64
Less: non-business expense 4,178,965.51 4,108,049.91 5,167,056.62 5,167,056.62
Including: loss from non-current asset
disposal
IV. Total profit (“-” means loss) 76,052,323.60 72,164,173.85 218,623,563.05 210,724,069.17
Less: income tax expense 12,786,669.47 11,695,386.73 27,909,581.78 27,440,194.03
V. Net profit (“-” means loss) 63,265,654.13 60,468,787.12 190,713,981.27 183,283,875.14
Attributable to owners of parent
company
62,560,326.88 60,468,787.12 188,720,466.26 183,283,875.14
Minority interest 705,327.25 1,993,515.01
VI. Earnings per share
(I) Basic earnings per share 0.11 0.50
(II) Diluted earnings per share 0.11 0.50
VII. Other composite income -57,158,250.00 -57,158,250.00 228,691,375.50 228,705,375.50
VIII. Total composite income 6,107,404.13 3,310,537.12 419,405,356.77 411,989,250.64
Attributable to owners of parent
company
5,402,076.88 3,310,537.12 417,415,341.76 411,989,250.64
Minority interest 705,327.25 1,990,015.01
7.2.3 Cash Flow Statement
Prepared by Changchai Company, Limited Jan.-Jun. 2010 Unit: RMB Yuan
In current period The same period of last year
Items
Consolidation Parent company Consolidation Parent companyI. Cash flows from operating activities:
Cash received from sale of commodities
and rendering of service
1,505,587,808.41 1,503,082,113.31
1,381,845,211.2
0
1,362,060,681.8
6
Net increase of deposits from customers
and due from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of original
insurance contracts
Net cash received from reinsurance
business
Net increase of savings of policy holders
and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of borrowed inter-bank
funds
Net increase of buy-back funds
Tax refunds received 8,197,024.83 5,794,682.48
Other cash received relating to operating
activities
12,585,252.55 11,928,811.41 3,436,274.54 2,970,907.40
Subtotal of cash inflows from operating
activities
1,518,173,060.96 1,515,010,924.72
1,393,478,510.5
7
1,370,826,271.7
4
Cash paid for purchase of commodities
and reception of service
1,254,234,969.24 1,257,962,515.57 975,548,726.70
1,006,219,223.9
5
Net increase of customer lending and
advance
Net increase of funds deposited in the
central bank and amount due from banks
Cash for paying claims of the original
insurance contract
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 121,374,684.34 108,737,449.09 99,411,807.47 89,838,515.04
Various taxes paid 23,288,817.95 19,871,179.06 9,855,748.36 4,997,007.37
Other cash paid relating to operating
activities
45,696,734.80 40,822,295.89 29,324,379.12 24,909,039.56
Subtotal of cash outflows from operating 1,444,595,206.33 1,427,393,439.61 1,114,140,661.6 1,125,963,785.9activities 5 2
Net cash flows from operating activities 73,577,854.63 87,617,485.11 279,337,848.92 244,862,485.82
II. Cash Flows from investment activities:
Cash received from disposal of
investments
36,911,141.63 36,911,141.63
Cash received from investment income 6,739,813.17 6,502,500.00 187,339,903.02 187,339,903.02
Net cash received from disposal of fixed
assets, intangible assets and other long-term
assets
26,045,985.49 26,031,054.23 177,877.01 177,877.01
Net cash received from disposal of
subsidiary or other business units
Other cash received relating to
investment activities
Subtotal of cash inflows from
investment activities
32,785,798.66 32,533,554.23 224,428,921.66 224,428,921.66
Cash paid to acquire fixed assets,
intangible assets and other long-term assets
82,785,627.24 78,162,015.84 67,712,080.24 63,680,764.75
Cash paid for investment 10,566,840.00 30,000,000.00
Net increase of pledged loans
Net cash paid to acquire subsidiaries and
other business units
Other cash paid relating to investment
activities
Subtotal of cash outflows from investment
activities
93,352,467.24 108,162,015.84 67,712,080.24 63,680,764.75
Net cash flows from investment activities -60,566,668.58 -75,628,461.61 156,716,841.42 160,748,156.91
III. Cash flows from financing activities:
Cash received from absorbing
investment
Including: Cash received by
subsidiaries from investment of minority
interest
Cash received from borrowings 51,500,000.00 30,000,000.00 57,700,000.00 20,000,000.00
Cash received from issuance of bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
activities
51,500,000.00 30,000,000.00 57,700,000.00 20,000,000.00
Cash paid to repay loans 31,500,000.00 41,400,000.00
Cash paid for interest expenses and
distribution of dividends or profit
2,762,597.41 1,080,545.61 4,033,686.23 2,213,344.50
Including: dividends or profit paid to
minority shareholders by subsidiariesOther cash payments relating to
financing activities
1,112,800.00
Sub-total of cash outflows from financing
activities
34,262,597.41 1,080,545.61 46,546,486.23 2,213,344.50
Net cash flows from financing activities 17,237,402.59 28,919,454.39 11,153,513.77 17,786,655.50
IV. Effect of foreign exchange rate changes
on cash and cash equivalents
V. Net increase in cash and cash
equivalents
30,248,588.64 40,908,477.89 447,208,204.11 423,397,298.23
Add: beginning balance of cash and
cash equivalents
770,721,154.44 732,773,854.30 400,278,967.15 378,820,707.08
VI. Closing balance of cash and cash
equivalents
800,969,743.08 773,682,332.19 847,487,171.26 802,218,005.317.2.4 Consolidated Statement of Changes in Owners’ Equity
Prepared by Changchai Company, Limited For the first half year of 2010 Unit: RMB Yuan
Amount for the current period Amount for the previous period
Owners’ equity attributable to parent company Owners’ equity attributable to parent company
Items Paid-in
capital
(or share
capital)
Capital
reserve
Less:
treasur
y stock
Specifi
c
reserve
s
Surplus
public
reserve
Genera
l risk
reserve
Retaine
d profit
Other
s
Minority
interests
Total
owners
’ equity
Paid-in
capital
(or share
capital)
Capital
reserve
Less:
treasur
y stock
Specifi
c
reserve
s
Surplus
public
reserve
Genera
l risk
reserve
Retaine
d profit
Others
Minorit
y
interest
s
Total
owners
’ equity
I. Balance at the end of last year
561,374,
326.00
723,02
9,311.2
6
262,05
9,351.4
1
251,06
6,746.0
7
10,913,7
74.33
1,808,4
43,509.
07
374,249,
551.00
272,484,1
86.26
240,36
9,344.9
2
260,78
3,005.9
4
7,335,0
74.29
1,155,2
21,162.
41
Add: change of accounting policy
Correction of errors in previous
periods
Others
II. Balance at the beginning of this
year
561,374,
326.00
723,02
9,311.2
6
262,05
9,351.4
1
251,06
6,746.0
7
10,913,7
74.33
1,808,4
43,509.
07
374,249,
551.00
272,484,1
86.26
240,36
9,344.9
2
260,78
3,005.9
4
7,335,0
74.29
1,155,2
21,162.
41
III. Increase/ decrease of amount in
this year (“-” means decrease)
-57,158
,250.00
62,560,
326.88
705,327.
25
6,107,4
04.13
228,694,8
75.50
188,72
0,466.2
6
1,990,0
15.01
419,40
5,356.7
7
(I) Net profit
62,560,
326.88
705,327.
25
63,265,
654.13
188,72
0,466.2
6
1,993,5
15.01
190,71
3,981.2
7
(II) Gain/loss recorded in owners’
equity directly
-57,158
,250.00
-57,158
,250.00
228,694,8
75.50
-3,500.
00
228,69
1,375.50
1. Net amount on changes in
fair value of financial assets
available for sale
-57,158
,250.00
-57,158
,250.00
304,940,5
00.50
304,94
0,500.5
0
2. Effect on changes in other
owners’ equity of invested units
under equity method
-10,500.0
0
-10,500
.00
3. Effect of income tax
recorded in owners’ equity
-76,235,1
25.00
-76,235
,125.00
4. Other
-3,500.
00
-3,500.
00
Subtotal of (I) and (II)
-57,158
,250.00
62,560,
326.88
705,327.
25
6,107,4
04.13
228,694,8
75.50
188,72
0,466.2
6
1,990,0
15.01
419,40
5,356.7
7
（III）Input and reduced capital
of owners
1. Capital input by owners
2. Amount of shares-based
payment recorded in owner’s equity
3. Other
(IV) Profit distribution
1. Appropriating surplus
reserve
2. Appropriating general risk
reserve
3. Distribution to owners(shareholders)
4. Other
(V) Internal carry-over of
owner’s equity
1. Transferring capital reserve
into capital (share capital)
2. Transferring surplus reserve
into capital (share capital)
3. Making up losses with
surplus reserve
4. Other
IV. Balance as at the period-end
561,374,
326.00
665,87
1,061.2
6
262,05
9,351.4
1
313,62
7,072.9
5
11,619,1
01.58
1,814,5
50,913.
20
374,249,
551.00
501,179,0
61.76
240,36
9,344.9
2
449,50
3,472.2
0
9,325,0
89.30
1,574,6
26,519.
18
7.2.5 Statement of Change in Owners’ Equity of Parent Company
Prepared by Changchai Company, Limited For the first half year of 2010 Unit: RMB Yuan
Amount for the current period Amount for the previous period
Items Paid-in
capital (or
share capital)
Capital
reserve
Less:
treasury
stock
Specific
reserves
Surplus
public
reserve
General
risk
reserve
Retained
profit
Total
owners’
equity
Paid-in capital
(or share
capital)
Capital
reserve
Less:
treasury
stock
Specific
reserves
Surplus
public
reserve
General
risk reserve
I. Balance at the end of last year
561,374,326.
00
732,708,49
7.45
262,059,35
1.41
212,809,19
2.52
1,768,951,3
67.38
374,249,55
1.00
282,163,372.4
5
240,369,34
4.92
234,663,87
3.15
1,131,446,1
41.52
Add: change of accountingpolicy
Correction of errors in previous
periods
Others
II. Balance at the beginning of
this year
561,374,326.
00
732,708,49
7.45
262,059,35
1.41
212,809,19
2.52
1,768,951,3
67.38
374,249,55
1.00
282,163,372.4
5
240,369,34
4.92
234,663,87
3.15
1,131,446,1
41.52
III. Increase/ decrease of amount
in this year (“-” means decrease)
-57,158,25
0.00
60,468,787
.12
3,310,537.1
2
228,705,375.5
0
183,283,87
5.14
411,989,25
0.64
(I) Net profit
60,468,787
.12
60,468,787.
12
183,283,87
5.14
183,283,87
5.14
(II) Gain/loss recorded in
owners’ equity directly
-57,158,25
0.00
-57,158,250
.00
228,705,375.5
0
228,705,37
5.50
1. Net amount on changes in
fair value of financial assets
available for sale
-57,158,25
0.00
-57,158,250
.00
304,940,500.5
0
304,940,50
0.50
2. Effect on changes in other
owners’ equity of invested units
under equity method
3. Effect of income tax
recorded in owners’ equity
-76,235,125.0
0
-76,235,125
.00
4. Other
Subtotal of (I) and (II)
-57,158,25
0.00
60,468,787
.12
3,310,537.1
2
228,705,375.5
0
183,283,87
5.14
411,989,25
0.64
（III）Input and reduced capital
of owners
1. Capital input by owners2. Amount of shares-based
payment recorded in owner’s
equity
3. Other
(IV) Profit distribution
1. Appropriating surplus
reserve
2. Distribution to owners
(shareholders)
3. Other
(V) Internal carry-over of
owner’s equity
1. Transferring capital
reserve into capital (share capital)
2. Transferring surplus
reserve into capital (share capital)
3. Making up losses with
surplus reserve
4. Other
IV. Balance as at the period-end
561,374,326.
00
675,550,24
7.45
262,059,35
1.41
273,277,97
9.64
1,772,261,9
04.50
374,249,55
1.00
510,868,747.9
5
240,369,34
4.92
417,947,74
8.29
1,543,435,3
92.167.3 Notes to financial statement
7.3.1 Should there be any changes in accounting policies, accounting estimates and
accounting errors, give the relevant contents, reasons and the amount influenced.
□Applicable √Inapplicable
7.3.2 Significant changes in consolidation scope for the reporting period and reasons
□Applicable √Inapplicable
7.3.3 If the financial report of the Company is produced as “Non-standard Opinion”,
the Company should make the relevant matters and notes.
□Applicable √Inapplicable
Board of Directors of
Changchai Company, Limited
19 Aug. 2010
