CHANGCHAI COMPANY, LIMITED
THE FIRST QUARTERLY REPORT FOR YEAR 2012
§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 Director Xue Guojun was not present at the board session for reviewing this quarterly report
due to business reasons and entrusted Director He Jianguang to vote on his behalf.
1.3 The first quarterly financial report for 2012 has not been audited by an accounting firm.
1.4 Person in charge of the Company Mr. Xue Guojun, person in charge of the accounting Mr.
He Jianguang and person in charge of the accounting organization Mr. Jiang He hereby confirm
that the Financial Report enclosed in the Quarterly Report is true and complete.
English Translation for Reference Only. Should there be any discrepancy between the two
versions, the Chinese version shall prevail.
§2 Company Profile
2.1 Main accounting data and financial indicators
Unit: RMB
31 Mar. 2012 31 Dec. 2011 Increase/decrease (%)
Total assets 3,017,128,191.00 2,870,088,394.73 5.12%
Equity attributable to owners of
1,818,209,931.26 1,742,701,667.71 4.33%
the Company
Share capital 561,374,326.00 561,374,326.00 0.00%
Net assets per share attributable
3.24 3.10 4.52%
to owners of the Company
Jan.-Mar. 2012 Jan.-Mar. 2011 Increase/decrease (%)
Total sales 845,226,165.76 937,452,656.78 -9.84%
Net profit attributable to owners
13,475,393.55 25,251,344.61 -46.63%
of the Company
Net cash flow arising from
77,207,351.21 -19,733,974.68 ——
operating activities
Net cash flow per share arising
0.14 -0.04 ——
from operating activities
Basic earnings per share 0.03 0.04 -25.00%
Diluted earnings per share 0.03 0.04 -25.00%
Return on equity (%) 0.76 1.22 -0.46
Return on equity after deducting 0.83 1.30 -0.47
extraordinary gains and losses
(%)
Amount from the
Items of extraordinary gains and losses year-begin to the end of
the reporting period
Net non-operating incomes and expenses -186,779.33
Impact on income tax -1,067,001.09
Total -1,253,780.42
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 the reporting 94,607
period
Shares held by the top ten tradable share holders
Number of tradable
Name of shareholder Type of share
shares held
1. State-owned Assets Supervision & Management
Committee of Changzhou Municipal People's 168,497,736 Renminbi ordinary shares
Government
Domestically listed foreign
2. Li Tao 838,391
share
Domestically listed foreign
3. Sinoauto Company, Ltd. 820,000
share
4. Feng Yan 796,550 Renminbi ordinary shares
5. Ying Juping 745,300 Renminbi ordinary shares
Domestically listed foreign
6. Ma Zeqi 712,500
share
7. Shenzhen Huarong Century Investment Co., Ltd. 692,921 Renminbi ordinary shares
8. Zhu Yixuan 637,888 Renminbi ordinary shares
Domestically listed foreign
9. Guotai Junan Securities (Hong Kong) Limited 616,450
shares
10. Zhu Shuanglian 585,715 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
1. Accounts receivable were up 33.19% as compared to the beginning of the year, which was
mainly because the Company properly extended credit to customers according to relevant
agreements and plans in the reporting period so as to attract more customers.
2. Inventories were down 20.85 % as compared to the beginning of the year, which was
mainly some stock products prepared by the Company at the year-begin were sold in the
reporting period.
3.Investment income increased RMB8,785,819.08 over the last period, mainly because the
cash dividends from the equities of Foton Motor held by the Company increased RMB
8,670,000.00.
4. Net profit was down 46.63% from a year earlier, which was mainly because market
competition was fierce, selling prices dropped and labor cost rose.
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
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 reporting period compared with
the same period of the last year according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
3.5 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
Initial Proportion of
Gains/losses in
Type of Securities Short form investment Holding Book value in total securities
No. the reporting
securities code of securities amount number period-end in period-end
period
(Yuan) (%)
LONGi
1 Stock 601012 21,000.00 1000 21,000.00 29.16% 0.00
Stock
Stock YuXing
2 300305 42,000.00 1000 35,360.00 49.10% -6,640.00
Stock
3 Stock 300307 Cixing Stock 17,500.00 500 15,650.00 21.73% -1,850.00
Other securities investments held at the
0.00 - 0.00 0.00% 0.00
period-end
Securities investment gain/loss sold out in the
- - - - 37,505.03
period
Total 80,500.00 - 72,010.00 100% 29,015.03
3.5.4 Equity of other listed companies held by the Company
√Applicable □Inapplicable
Unit: RMB Yuan
Equity
Profit and Change in the
Initial proportion Subject for
Short form of Book value at loss in the owners’ equity Source of
Stock code investment in that of accounting
stock the period-end reporting in the reporting shares
amount this calculation
period period
company
Exchange
Financial ass assets of
600166 Foton Motor 41,784,000.00 3.42% 492,745,000.00 0 72,972,500.00 ets available Changcha
for sale i Group
in 1999
Financial ass Agreeme
Ninghu
600377 90,500.00 293,000.00 0 8,500.00 ets available nt
Expressway
for sale transfer
Total 41,874,500.00 493,038,000.00 0 72,981,000.00
3.5.5 Equity of non-listed financial enterprises held by the Company
√Applicable □Inapplicable
Unit: RMB Yuan
Equity Change in the
Profit and
Initial proportion Book value at owners’ Subject for
Number of loss in the Source of
Name investment in that of the equity in the accounting
shares held reporting shares
amount this period-end reporting calculation
period
company period
long-term
Bank of sponsor
38,000,000.00 38,000,000 0.48% 38,000,000.00 0.00 0.00 equity
Jiangsu shares
investment
Total 38,000,000.00 38,000,000 - 38,000,000.00 0.00 0.00 - -
3.5.6 Significant contracts in the reporting period
□Applicable √Inapplicable
3.5.7 Particulars about reception of researches, communications and interviews in the reporting
period
√Applicable □Inapplicable
Main discussion and the materials
Time Place Way of reception Visitor
provided by the Company
The main operation status of the
23 Feb. 2012 The Company By telephone Individual investor
Company
3.6 Investment on derivative products
□Applicable √Inapplicable
3.6.1 Quantity of invested derivative products at the period-end
□Applicable √Inapplicable