Report for the First Quarter of 2013 of Changchai Company, Limited
Stock code: 000570, 200570 Stock abbreviation: Su Changchai A, Su Changchai B Announcement No.: 2013-002
CHANGCHAI COMPANY, LIMITED
THE FIRST QUARTERLY REPORT FOR YEAR 2013
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of
Changchai Company, Limited (hereinafter referred to as “the Company”) warrant that the information carried in
this report is factual, accurate and complete, without any false record, misleading statement or material omission.
And they shall be jointly and severally liable for that.
Xue Guojun, company principal, He Jianguang, chief of the accounting work, and Jiang He, chief of the
accounting organ (chief of accounting), hereby confirm that the financial statements enclosed in this report are
factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
Section II. Financial Highlights & Change of Shareholders
I. Financial highlights
Does the Company adjust retrospectively or restate any accounting data of previous years?
□ Yes √No
Jan.-Mar. 2013 Jan.-Mar. 2012 +/- (%)
Operating revenues (RMB Yuan) 814,251,387.30 845,226,165.76 -3.66%
Net profit attributable to shareholders of
18,934,558.56 13,475,393.55 40.51%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 18,619,519.27 14,729,173.97 26.41%
losses (RMB Yuan)
Net cash flows from operating activities
71,419,143.58 77,207,351.21 -7.5%
(RMB Yuan)
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Report for the First Quarter of 2013 of Changchai Company, Limited
Basic EPS (RMB Yuan/share) 0.03 0.02 50%
Diluted EPS (RMB Yuan/share) 0.03 0.02 50%
Weighted average ROE (%) 1.02% 0.76% 0.26%
31 Mar. 2013 31 Dec. 2012 +/- (%)
Total assets (RMB Yuan) 3,189,117,089.02 3,116,489,064.01 2.33%
Net assets attributable to shareholders of
1,837,114,076.93 1,845,193,200.65 -0.44%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item 1 Jan. 2013-31 Mar. 2013 Explanation
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
780,000.00
certain quotas or amounts according to the government’s unified
standards
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
income from disposal of tradable financial assets and tradable
77,588.11
financial liabilities and financial assets available for sales except
for effective hedging related with normal businesses of the
Company
Non-operating income and expense other than the above -198,657.90
Income tax effects 216,941.32
Minority interests effects (after tax) 126,949.60
Total 315,039.29 --
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
Unit: share
Total number of shareholders at the
81,608
period-end
Shareholdings of top 10 shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Total shares held
restricted shares
shareholder shareholder percentage (%) at the period-end Status of shares Number of shares
held
State-owned
Assets On behalf of the
30.02% 168,497,736 0
Supervision and State
Administration
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Report for the First Quarter of 2013 of Changchai Company, Limited
Commission of
Changzhou
Municipal
People’s
Government
Domestic natural
Yu Meiyan 0.57% 3,209,791 0
person
Domestic natural
Li Xiang 0.45% 2,522,584 0
person
BNP PARIBAS
WEALTH
Foreign
MANAGEMENT 0.43% 2,439,917 0
corporation
HONG KONG
BRANCH
Domestic natural
Meng Huijuan 0.42% 2,355,935 0
person
Domestic natural
Zhao Shijun 0.4% 2,271,731 0
person
Domestic natural
Wang Jinshan 0.35% 1,956,189 0
person
Domestic natural
Tang Zijiang 0.34% 1,893,867 0
person
Domestic natural
Li Xin 0.34% 1,886,681 0
person
Foreign natural
Meng Qingjun 0.29% 1,624,184 0
person
Shareholdings of top 10 non-restricted shareholders
Variety of shares
Name of shareholder Number of non-restricted shares held
Variety Number
State-owned Assets Supervision and
Administration Commission of RMB ordinary
168,497,736 168,497,736
Changzhou Municipal People’s shares
Government
RMB ordinary
Yu Meiyan 3,209,791 3,209,791
shares
RMB ordinary
Li Xiang 2,522,584 2,522,584
shares
BNP PARIBAS WEALTH Domestically
2,439,917 2,439,917
MANAGEMENT HONG KONG listed foreign
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Report for the First Quarter of 2013 of Changchai Company, Limited
BRANCH shares
RMB ordinary
Meng Huijuan 2,355,935 2,355,935
shares
RMB ordinary
Zhao Shijun 2,271,731 2,271,731
shares
RMB ordinary
Wang Jinshan 1,956,189 1,956,189
shares
RMB ordinary
Tang Zijiang 1,893,867 1,893,867
shares
RMB ordinary
Li Xin 1,886,681 1,886,681
shares
RMB ordinary
Meng Qingjun 1,624,184 1,624,184
shares
Explanation on associated It is unknown whether there was any associated relationship among the top ten tradable
relationship or persons acting in shareholders and among the top ten shareholders not subject to trading moratorium, or
concert among the above-mentioned whether they are persons acting in concert as described by Measures for the Administrative of
shareholders Disclosure of Shareholder Equity Changes.
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Report for the First Quarter of 2013 of Changchai Company, Limited
Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
1. Notes receivable were down 48.44% as compared to the beginning of the year, which was mainly because the
Company increased the payment for purchased goods by way of acceptance bills during the reporting period.
2. Accounts receivable were up 82.57% 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.
3. Prepayments were down 38.10% as compared to the beginning of the year, which was mainly because the
Company’s prepayments for materials decreased in the reporting period.
4. Accounts received in advance were up 93.42% as compared to the beginning of the year, which was mainly
because the vendors prepaid partial payment for goods to prepare the inventories for peak season of production
during the reporting period.
5. Employee’s compensation payable were down 41.31% as compared to the beginning of the year, which was
mainly because partial provision for salaries accrued at the period-begin was paid in the reporting period.
6. Investment income was down by RMB 8,708,230.97 from a year earlier, which was mainly because the
Company gained RMB 8670,000.00 as dividends from holding the shares of Foton Motor at the same period of
last year, but no such event happened in the year.
7. Administrative expenses were up 66.51% from a year earlier, which was mainly because the Company’s
regulation fees, depreciation fees and other fees increased in the reporting period.
II. Predict the operating results of Jan.-Jun. 2013
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin
to the end of the next reporting period according to prediction, as well as explanations on the reasons:
□Applicable √Inapplicable
III. Securities investments
Variety of Code of Name of Initial Number Sharehold Number Sharehold Closing Gain/loss Accounti Source of
securities securities securities investmen of shares ing of shares ing book for ng title securities
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Report for the First Quarter of 2013 of Changchai Company, Limited
t cost held at percentag held at percentag value reporting
(RMB period-be e at period-en e at (RMB period
Yuan) gin period-be d (Share) period-en Yuan) (RMB
(Share) gin (10%) d (%) Yuan)
Total 0.00 0 -- 0 -- 0.00 0.00 -- --
Explain shareholdings in other listed companies:
At the end of the reporting period, the Company held 72.25 million “Foton Motor” shares and 50,000 “Ninghu
Expressway” shares measured as available-for-sale financial asset
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