Report for the Third Quarter of 2013 of Changchai Company, Limited
Changchai Company, Limited
Report for the Third Quarter of 2013
October 2013
1
Report for the Third Quarter of 2013 of Changchai Company, Limited
Section I. Important Reminders
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Changchai Company, Limited (hereinafter referred to as “the Company”)
warrant that 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.
All directors attended the board session for reviewing this report.
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.
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. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
30 Sept. 2013 31 Dec. 2012 Increase/decrease (%)
Total assets (RMB Yuan) 3,135,312,717.82 3,116,489,064.01 0.60%
Net assets attributable to
shareholders of the Company 1,800,250,511.53 1,845,193,200.65 -2.44%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2013 Jan.-Sept. 2013
(%) (%)
Operating revenues (RMB Yuan) 703,876,673.50 4.87% 2,301,579,371.96 1.36%
Net profit attributable to
shareholders of the Company 17,044,723.04 30.91% 56,909,920.20 32.90%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
16,393,804.39 52.67% 56,591,695.85 56.49%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 10,315,372.32 -95.86%
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.03 50.00% 0.10 25.00%
2
Report for the Third Quarter of 2013 of Changchai Company, Limited
Diluted EPS (RMB Yuan/share) 0.03 50.00% 0.10 25.00%
Weighted average ROE (%) 0.94% 0.23% 2.35% -0.07%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2013 Note
Gains/losses on the disposal of non-current assets (including the Net gain on disposal of fixed
403,649.65
offset part of asset impairment provisions) assets
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
790,000.00
certain quotas or amounts according to the country’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
939,257.17
financial liabilities and financial assets available for sales, except
for effective hedging related with normal businesses of the
Company
Other non-operating income and expenses other than the above -1,277,151.51
Less: Income tax effects 368,190.53
Minority interests effects (after tax) 169,340.43
Total 318,224.35 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
II. Total number of shareholders at the period-end and shares held by the top ten
shareholders
Unit: share
Total number of shareholders at the
77,532
period-end
Shares held by the top ten shareholders
Number of the Pledged or frozen shares
Nature of Shareholding Number of the
Name of shareholder restricted shares Status of Number of
shareholder percentage (%) shares held
held shares shares
STATE-OWNED ASSETS On behalf of 30.02% 168,497,736 0
3
Report for the Third Quarter of 2013 of Changchai Company, Limited
SUPERVISION AND the State
ADMINISTRATION
COMMISSION OF
CHANGZHOU MUNICIPAL
PEOPLE’S GOVERNMENT
BNP PARIBAS WEALTH
Foreign
MANAGEMENT HONG 1.36% 7,619,573 0
corporation
KONG BRANCH
CHINA FOREIGN
ECONOMY AND TRADE
TRUST CO., LTD. － NEW Other 0.64% 3,568,200 0
SHARE ＋ INTEREST
ARBITRAGE
CORE PACIFIC-YAMAICHI
Foreign
INTERNATIONAL (H.K.) 0.52% 2,900,062 0
corporation
LIMITED
HUABAO TRUST CO., LTD.
–SINGLE FUND TRUST Other 0.46% 2,569,807 0
R2007ZX103
ZHONGHAI TRUST CO.,
LTD.– ZHONGHAI JUFA –
NEW SHARE AGREED Other 0.42% 2,382,890 0
SUBSCRIPTION FUND
TRUST 19
GUANGDONG FINANCE
TRUST CO., LTD. －JIEKAI Other 0.41% 2,300,000 0
PHASE I
ZHONGHAI TRUST CO.,
LTD.– ZHONGHAI JUFA –
NEW SHARE AGREED Other 0.41% 2,291,309 0
SUBSCRIPTION 1 FUND
TRUST
ING ASIA PRIVATE BANK Foreign
0.41% 2,290,000 0
LIMITED corporation
ZHONGHAI TRUST CO.,
LTD.–NEW SHARE AGREED
Other 0.40% 2,265,460 0
SUBSCRIPTION FUND
TRUST (9)
Shares held by the top ten non-restricted share holders
Type of shares
Name of shareholder Number of non-restricted shares held
Type Number
4
Report for the Third Quarter of 2013 of Changchai Company, Limited
STATE-OWNED ASSETS SUPERVISION AND
ADMINISTRATION COMMISSION OF
168,497,736 RMB ordinary shares 168,497,736
CHANGZHOU MUNICIPAL PEOPLE’S
GOVERNMENT
BNP PARIBAS WEALTH MANAGEMENT HONG Domestically listed
7,619,573 7,619,573
KONG BRANCH foreign shares
CHINA FOREIGN ECONOMY AND TRADE
TRUST CO., LTD.－NEW SHARE＋INTEREST 3,568,200 RMB ordinary shares 3,568,200
ARBITRAGE
CORE PACIFIC-YAMAICHI INTERNATIONAL Domestically listed
2,900,062 2,900,062
(H.K.) LIMITED foreign shares
HUABAO TRUST CO., LTD. –SINGLE FUND
2,569,807 RMB ordinary shares 2,569,807
TRUST R2007ZX103
ZHONGHAI TRUST CO., LTD.– ZHONGHAI JUFA
– NEW SHARE AGREED SUBSCRIPTION FUND 2,382,890 RMB ordinary shares 2,382,890
TRUST 19
GUANGDONG FINANCE TRUST CO., LTD. －
2,300,000 RMB ordinary shares 2,300,000
JIEKAI PHASE I
ZHONGHAI TRUST CO., LTD.– ZHONGHAI JUFA
– NEW SHARE AGREED SUBSCRIPTION 1 2,291,309 RMB ordinary shares 2,291,309
FUND TRUST
Domestically listed
ING ASIA PRIVATE BANK LIMITED 2,290,000 2,290,000
foreign shares
ZHONGHAI TRUST CO., LTD.–NEW SHARE
2,265,460 RMB ordinary shares 2,265,460
AGREED SUBSCRIPTION FUND TRUST (9)
It is unknown whether there was any associated relationship among the top ten
Explanation on associated relationship or/and persons tradable share holders and among the top ten non-restricted tradable share
acting in concert among the above-mentioned holders or whether they are persons acting in concert as described by
shareholders Measures for the Administrative of Disclosure of Shareholder Equity
Changes.
Shareholders taking part in margin financing and
Naught
securities lending (if any)
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
5
Report for the Third Quarter of 2013 of Changchai Company, Limited
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
1. Accounts receivable increased 78.13% over the year-begin mainly because the Company enhanced market
expansion and allowed more contractual buying on credit.
2. Other receivables increased 78.94% over the year-begin mainly because of the temporary borrowings from the
subsidiary Housheng Investment to Huachi Machinery Co., Ltd. and other units.
3. Short-term borrowings increased 50.00% over the period-begin mainly because the subsidiary Chuangzhou
Changchai Benniu Diesel Engine Fittings Co., Ltd. secured more bank borrowings.
4. Investment gains increased 39.89% over the last period mainly because the bonus from the stock of Foton
Motor increased.
5. Net cash flows from operating activities decreased 95.86% from the last period mainly because the Company
allowed more buying on credit and the accounts receivable increased.
II. Predict the 2013 annual operating results
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
III. Securities investment
Shareholdings in other listed companies
√Applicable □Inapplicable
At the end of the reporting period, the Company held 72.25 million “Foton Motor” shares and 50,000 “Ninghu
Expressway” shares measured as measured as available-for-sale financial assets.
IV. Researches, visits and interviews received in the reporting period
Place of Way of Main discussion and materials
Time of reception Visitor type Visitor
reception reception provided by the Company
The interaction
Individual The dividend arrangements of the
6 Jul. 2013 platform of Other Individual
investor Company for 2012
Shenzhen Stock
6
Report for the Third Quarter of 2013 of Changchai Company, Limited
Exchange
The interaction
platform of Individual About the B-share of the
17 Jul. 2013 Other Individual
Shenzhen Stock investor Company
Exchange
The interaction
platform of Individual About the shareholdings of the
26 Jul. 2013 Other Individual
Shenzhen Stock investor Company’s shareholders
Exchange
The interaction
platform of Individual About the share price of the
11 Aug. 2013 Other Individual
Shenzhen Stock investor Company
Exchange
The interaction
platform of Individual The monthly sales data of the
3 Sept. 2013 Other Individual
Shenzhen Stock investor Company
Exchange
7
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Changchai Company Limited.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 690,354,334.52 744,494,588.07
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable 233,258,965.25 205,845,568.10
Accounts receivable 532,990,622.66 299,208,278.88
Accounts paid in advance 13,990,912.16 15,111,761.78
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 23,070,130.60 12,892,742.09
Financial assets purchased under
agreements to resell
Inventories 344,299,782.97 452,271,304.37
Non-current assets due within 1 year
Other current assets 63,508.59
Total current assets 1,838,028,256.75 1,729,824,243.29
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 383,207,000.00 486,503,000.00
Held-to-maturity investments
8
Long-term accounts receivable
Long-term equity investment 64,392,095.43 63,818,655.83
Investing property 62,249,796.83 63,906,052.43
Fixed assets 574,458,684.26 566,044,962.19
Construction in progress 127,398,121.59 119,576,338.33
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 84,826,562.96 86,063,611.94
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 752,200.00 752,200.00
Other non-current assets
Total of non-current assets 1,297,284,461.07 1,386,664,820.72
Total assets 3,135,312,717.82 3,116,489,064.01
Current liabilities:
Short-term borrowings 30,000,000.00 20,000,000.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable 320,563,160.00 346,039,002.00
Accounts payable 599,612,432.44 599,455,800.00
Accounts received in advance 54,658,325.20 31,650,567.34
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 37,018,133.82 44,726,018.55
Tax payable -19,303,345.86 -57,736,771.71
Interest payable
Dividend payable 3,891,433.83 3,891,433.83
Other accounts payable 174,633,734.65 135,442,533.37
9
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1
year
Other current liabilities 3,579,031.21 2,430,896.10
Total current liabilities 1,204,652,905.29 1,125,899,479.48
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 51,199,875.00 66,694,275.00
Other non-current liabilities 63,038,726.56 62,558,726.56
Total non-current liabilities 114,238,601.56 129,253,001.56
Total liabilities 1,318,891,506.85 1,255,152,481.04
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 561,374,326.00 561,374,326.00
Capital reserves 461,148,779.25 548,950,379.25
Less: Treasury stock
Specific reserves 4,169,087.73 4,169,087.73
Surplus reserves 282,364,917.36 282,364,917.36
Provisions for general risks
Retained profits 491,242,123.11 448,366,561.06
Foreign exchange difference -48,721.92 -32,070.75
Total equity attributable to owners of
1,800,250,511.53 1,845,193,200.65
the Company
Minority interests 16,170,699.44 16,143,382.32
Total owners’ (or shareholders’) equity 1,816,421,210.97 1,861,336,582.97
Total liabilities and owners’ (or
3,135,312,717.82 3,116,489,064.01
shareholders’) equity
10
Legal representative: Xue Guojun Person-in-charge of the accounting work: He Jianguang
Chief of the accounting division: Jiang He
2. Balance sheet of the Company
Prepared by Changchai Company Limited.
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 672,179,526.57 708,748,963.75
Transactional financial assets
Notes receivable 225,868,965.25 204,145,568.10
Accounts receivable 488,242,197.54 270,792,908.11
Accounts paid in advance 8,383,540.09 5,262,544.00
Interest receivable
Dividend receivable
Other accounts receivable 4,674,965.59 10,649,609.55
Inventories 275,346,913.74 394,078,425.44
Non-current assets due within 1 year
Other current assets
Total current assets 1,674,696,108.78 1,593,678,018.95
Non-current assets:
Available-for-sale financial assets 383,207,000.00 486,503,000.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 184,810,335.43 184,236,895.83
Investing property 62,249,796.83 63,906,052.43
Fixed assets 504,070,647.19 514,896,287.55
Construction in progress 76,306,935.60 54,016,629.18
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 82,756,189.97 83,950,840.94
R&D expense
11
Goodwill
Long-term deferred expenses
Deferred income tax assets 752,200.00 752,200.00
Other non-current assets
Total of non-current assets 1,294,153,105.02 1,388,261,905.93
Total assets 2,968,849,213.80 2,981,939,924.88
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable 313,563,160.00 342,039,002.00
Accounts payable 548,586,425.23 550,360,525.50
Accounts received in advance 54,439,292.02 41,410,038.64
Employee’s compensation payable 32,950,720.12 40,928,015.45
Tax payable -12,516,169.42 -50,279,283.71
Interest payable
Dividend payable 3,243,179.97 3,243,179.97
Other accounts payable 169,594,298.79 131,766,779.90
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 1,109,860,906.71 1,059,468,257.75
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 51,199,875.00 66,694,275.00
Other non-current liabilities 63,038,726.56 62,558,726.56
Total non-current liabilities 114,238,601.56 129,253,001.56
Total liabilities 1,224,099,508.27 1,188,721,259.31
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 561,374,326.00 561,374,326.00
Capital reserves 473,176,934.95 560,978,534.95
12
Less: Treasury stock
Specific reserves 4,169,087.73 4,169,087.73
Surplus reserves 282,364,917.36 282,364,917.36
Provisions for general risks
Retained profits 423,664,439.49 384,331,799.53
Foreign exchange difference
Total owners’ (or shareholders’) equity 1,744,749,705.53 1,793,218,665.57
Total liabilities and owners’ (or
2,968,849,213.80 2,981,939,924.88
shareholders’) equity
Legal representative: Xue Guojun Person-in-charge of the accounting work: He Jianguang
Chief of the accounting division: Jiang He
3. Consolidated income statement for the reporting period
Prepared by Changchai Company Limited.
Unit: RMB Yuan
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total operating revenues 703,876,673.50 671,172,774.03
Including: Sales income 703,876,673.50 671,172,774.03
Interest income 0.00
Premium income 0.00
Handling charge and
0.00
commission income
II. Total operating cost 684,786,271.72 659,159,825.77
Including: Cost of sales 627,000,282.35 606,064,417.86
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 77,709.39 122,595.54
13
Selling and distribution expenses 32,197,292.46 29,155,061.50
Administrative expenses 27,636,536.53 29,230,879.36
Financial expenses -2,125,549.01 -5,413,128.49
Asset impairment loss
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
719,889.97 391,280.02
means loss)
Including: share of profits in associates
and joint ventures
III. Business profit (“-” means loss) 19,810,291.75 12,404,228.28
Add: non-operating income 1,249,478.58 3,548,061.58
Less: non-operating expense 1,068,029.49 849,480.87
IV. Total profit (“-” means loss) 19,991,740.84 15,102,808.99
Less: Income tax expense 2,923,301.36 2,248,761.65
V. Net profit (“-” means loss) 17,068,439.48 12,854,047.34
Attributable to owners of the
17,044,723.04 13,019,902.39
Company
Minority shareholders’ income 23,716.44 -165,855.05
VI. Earnings per share -- --
(I) Basic earnings per share 0.03 0.02
(II) Diluted earnings per share 0.03 0.02
Ⅶ. Other comprehensive incomes 12,338,508.12 -61,473,445.00
Ⅷ. Total comprehensive incomes 29,406,947.60 -48,619,397.66
Attributable to owners of the
29,383,231.16 -48,453,542.61
Company
Attributable to minority
23,716.44 -165,855.05
shareholders
Legal representative: Xue Guojun Person-in-charge of the accounting work: He Jianguang
Chief of the accounting division: Jiang He
4. Income statement of the Company for the reporting period
Prepared by Changchai Company Limited.
Unit: RMB Yuan
14
Item Jul.-Sept. 2013 Jul.-Sept. 2012
I. Total sales 710,804,975.97 672,295,030.38
Less: cost of sales 640,127,395.09 612,557,291.91
Distribution expenses 31,351,340.28 28,410,037.87
Administrative expenses 23,995,526.79 25,069,050.95
Financial costs -2,678,190.22 -6,052,706.17
Impairment loss
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-” means
loss)
Including: income form investment on
associates and joint ventures
II. Business profit (“-” means loss) 18,008,904.03 12,311,355.82
Add: non-business income 1,040,592.41 3,485,979.08
Less: non-business expense 1,068,029.49 849,480.87
Including: loss from non-current asset
17,207.16 0.00
disposal
III. Total profit (“-” means loss) 17,981,466.95 14,947,854.03
Less: income tax expense 2,583,560.34 2,341,622.96
IV. Net profit (“-” means loss) 15,397,906.61 12,606,231.07
V. Earnings per share -- --
(I) Basic earnings per share 0.03 0.02
(II) Diluted earnings per share 0.03 0.02
VI. Other comprehensive income 12,293,125.00 -61,457,343.08
VII. Total comprehensive income 27,691,031.61 -48,851,112.01
Legal representative: Xue Guojun Person-in-charge of the accounting work: He Jianguang
Chief of the accounting division: Jiang He
5. Consolidated income statement for Jan.-Sept. 2013
Prepared by Changchai Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total operating revenues 2,301,579,371.96 2,270,652,986.78
15
Including: Sales income 2,301,579,371.96 2,270,652,986.78
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 2,247,354,386.78 2,236,396,291.76
Including: Cost of sales 2,059,961,179.87 2,079,015,811.58
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 355,059.52 284,569.97
Selling and distribution expenses 96,398,030.31 87,571,361.21
Administrative expenses 101,733,682.68 77,372,786.60
Financial expenses -9,738,342.49 -12,070,987.91
Asset impairment loss -1,355,223.11 4,222,750.31
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
13,072,696.77 9,345,269.21
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 67,297,681.95 43,601,964.23
Add: non-operating income 3,693,757.88 10,658,002.42
Less: non-operating expense 3,777,259.74 3,628,699.67
Including: loss from non-current asset
17,207.16 601,158.15
disposal
IV. Total profit (“-” means loss) 67,214,180.09 50,631,266.98
Less: Income tax expense 10,276,942.77 7,755,691.56
16
V. Net profit (“-” means loss) 56,937,237.32 42,875,575.42
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
56,909,920.20 42,822,340.86
Company
Minority shareholders’ income 27,317.12 53,234.56
VI. Earnings per share -- --
(I) Basic earnings per share 0.1 0.08
(II) Diluted earnings per share 0.1 0.08
Ⅶ. Other comprehensive incomes -87,801,600.00 20,825,473.08
Ⅷ. Total comprehensive incomes -30,864,362.68 63,701,048.50
Attributable to owners of the
-30,891,679.80 63,647,813.94
Company
Attributable to minority
27,317.12 53,234.56
shareholders
Legal representative: Xue Guojun Person-in-charge of the accounting work: He Jianguang
Chief of the accounting division: Jiang He
6. Income statement of the Company for Jan.-Sept. 2013
Prepared by Changchai Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Total sales 2,322,130,140.25 2,279,355,189.12
Less: cost of sales 2,099,970,095.94 2,109,491,494.48
Business taxes and surcharges
Distribution expenses 92,491,096.15 83,359,214.53
Administrative expenses 90,191,726.51 66,420,036.70
Financial costs -11,471,022.16 -14,208,899.98
Impairment loss -1,355,223.11 2,873,555.97
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-” means
12,133,439.60 8,723,526.00
loss)
Including: income form investment on
17
associates and joint ventures
II. Business profit (“-” means loss) 64,436,906.52 40,143,313.42
Add: non-business income 2,213,178.67 10,358,441.19
Less: non-business expense 3,777,146.24 3,598,699.67
Including: loss from non-current asset
17,207.16
disposal
III. Total profit (“-” means loss) 62,872,938.95 46,903,054.94
Less: income tax expense 9,505,940.84 7,099,636.41
IV. Net profit (“-” means loss) 53,366,998.11 39,803,418.53
V. Earnings per share -- --
(I) Basic earnings per share 0.1 0.07
(II) Diluted earnings per share 0.1 0.07
VI. Other comprehensive income -87,801,600.00 20,841,575.00
VII. Total comprehensive income -34,434,601.89 60,644,993.53
Legal representative: Xue Guojun Person-in-charge of the accounting work: He Jianguang
Chief of the accounting division: Jiang He
7. Consolidated cash flow statement for Jan.-Sept. 2013
Prepared by Changchai Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
2,390,257,724.31 2,479,975,403.78
commodities and rendering of service
Net increase of deposits from
customers and dues 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 deposits of policy
18
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received 36,808,418.49 35,367,420.36
Other cash received relating to
33,432,303.86 22,976,306.45
operating activities
Subtotal of cash inflows from operating
2,460,498,446.66 2,538,319,130.59
activities
Cash paid for goods and services 2,137,926,501.00 2,002,703,541.64
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 215,945,086.79 210,280,450.37
Various taxes paid 32,358,056.43 18,164,480.31
Other cash payment relating to
63,953,430.12 57,915,944.93
operating activities
Subtotal of cash outflows from
2,450,183,074.34 2,289,064,417.25
operating activities
Net cash flows from operating activities 10,315,372.32 249,254,713.34
II. Cash flows from investing activities:
Cash received from withdrawal of
0.00 25,411,478.96
investments
Cash received from return on
11,778,757.17 9,291,743.21
investments
Net cash received from disposal of 514,087.16 3,919,173.12
19
fixed assets, intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
5,000,000.00
investing activities
Subtotal of cash inflows from
17,292,844.33 38,622,395.29
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 70,457,843.34 110,045,831.74
assets
Cash paid for investment 0.00 25,314,584.51
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
21,000,000.00 10,000,000.00
investing activities
Subtotal of cash outflows from
91,457,843.34 145,360,416.25
investing activities
Net cash flows from investing activities -74,164,999.01 -106,738,020.96
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings 60,000,000.00 38,000,000.00
Cash received from issuance of
bonds
Other cash received relating to
4,955.77 0.00
financing activities
Subtotal of cash inflows from financing
60,004,955.77 38,000,000.00
activities
Repayment of borrowings 50,000,000.00 65,000,000.00
Cash paid for interest expenses and
14,214,780.86 15,140,354.74
distribution of dividends or profit
Including: dividends or profit paid
20
by subsidiaries to minority shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from
64,214,780.86 80,140,354.74
financing activities
Net cash flows from financing activities -4,209,825.09 -42,140,354.74
IV. Effect of foreign exchange rate
-16,651.17 -16,101.92
changes on cash and cash equivalents
V. Net increase in cash and cash
-68,076,102.95 100,360,235.72
equivalents
Add: Opening balance of cash and
637,004,823.27 470,293,043.20
cash equivalents
VI. Closing balance of cash and cash
568,928,720.32 570,653,278.92
equivalents
Legal representative: Xue Guojun Person-in-charge of the accounting work: He Jianguang
Chief of the accounting division: Jiang He
8. Cash flow statement of the Company for Jan.-Sept. 2013
Prepared by Changchai Company Limited.
Unit: RMB Yuan
Item Jan.-Sept. 2013 Jan.-Sept. 2012
I. Cash flows from operating activities:
Cash received from sale of
2,381,526,332.96 2,468,469,003.67
commodities and rendering of service
Tax refunds received 36,808,418.49 33,832,517.49
Other cash received relating to
32,531,113.46 21,697,903.64
operating activities
Subtotal of cash inflows from operating
2,450,865,864.91 2,523,999,424.80
activities
Cash paid for goods and services 2,163,371,698.51 2,020,830,436.91
Cash paid to and for employees 191,311,098.27 187,784,743.36
Various taxes paid 27,990,532.66 14,261,545.55
Other cash payment relating to
55,818,356.32 48,763,109.45
operating activities
Subtotal of cash outflows from
2,438,491,685.76 2,271,639,835.27
operating activities
21
Net cash flows from operating activities 12,374,179.15 252,359,589.53
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
11,560,000.00 8,670,000.00
investments
Net cash received from disposal of
fixed assets, intangible assets and other 488,087.16 3,876,030.24
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
12,048,087.16 12,546,030.24
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 64,712,772.03 88,643,351.47
assets
Cash paid for investment 50,000,000.00
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
64,712,772.03 138,643,351.47
investing activities
Net cash flows from investing activities -52,664,684.87 -126,097,321.23
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
0.00 0.00
activities
Repayment of borrowings 0.00 30,000,000.00
22
Cash paid for interest expenses and
14,214,780.86 12,584,658.12
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
14,214,780.86 42,584,658.12
financing activities
Net cash flows from financing activities -14,214,780.86 -42,584,658.12
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-54,505,286.58 83,677,610.18
equivalents
Add: Opening balance of cash and
605,259,198.95 440,239,150.22
cash equivalents
VI. Closing balance of cash and cash
550,753,912.37 523,916,760.40
equivalents
Legal representative: Xue Guojun Person-in-charge of the accounting work: He Jianguang
Chief of the accounting division: Jiang He
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
23
