Report for the First Quarter of 2014 of Changchai Company, Limited
Stock code: 000570, 200570 Stock abbreviation: Su Changchai A, Su Changchai B Announcement No.: 2014-007
CHANGCHAI COMPANY, LIMITED
THE FIRST QUARTERLY REPORT FOR YEAR 2014
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.
All directors have 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.
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Report for the First Quarter of 2014 of Changchai Company, Limited
Section II. Financial Highlights & Change of Shareholders
I. Main accounting data and financial indicators
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
Jan.-Mar. 2014 Jan.-Mar. 2013 +/- (%)
Operating revenues (RMB Yuan) 742,596,945.82 814,251,387.30 -8.8%
Net profit attributable to shareholders of
19,532,558.06 18,934,558.56 3.16%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains 19,307,194.21 18,619,519.27 3.69%
and losses (RMB Yuan)
Net cash flows from operating activities
-44,717,639.28 71,419,143.58 -162.61%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.03 0.03 0%
Diluted EPS (RMB Yuan/share) 0.03 0.03 0%
Weighted average ROE (%) 1.06% 1.02% 0.04%
31 Mar. 2014 31 Dec. 2013 +/- (%)
Total assets (RMB Yuan) 3,092,696,635.89 3,042,349,320.63 1.65%
Net assets attributable to shareholders of
1,843,956,967.72 1,809,577,062.45 1.9%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Item 1 Jan. 2014-31 Mar. 2014 Explanation
Gains/losses on the disposal of non-current assets
(including the offset part of the asset impairment 158,173.02
provisions)
Government grants recognized in the current period,
except for those acquired in the ordinary course of
124,000.00
business or granted at certain quotas or amounts
according to the government’s unified standards
Capital occupation charges on non-financial enterprises
296,666.67
that are recorded into current gains and losses
Gains and losses on change in fair value from tradable
financial assets and tradable financial liabilities, as well 526,224.94
as investment income from disposal of tradable financial
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Report for the First Quarter of 2014 of Changchai Company, Limited
assets and tradable 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 -699,077.09
Less: Income tax effects 159,439.66
Minority interests effects (after tax) 21,184.03
Total 225,363.85 --
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 shareholdings of top 10 shareholders
Unit: share
Total number of shareholders at the
66,815
period-end
Total number of shareholders at the period-end
Shareholding Number of Pledged or frozen shares
Nature of Number of
Name of shareholder percentage restricted Status of Number of
shareholder shares held
(%) shares held shares shares
State-owned Assets
Supervision and
Administration On behalf of
30.02% 168,497,736 0
Commission of the State
Changzhou Municipal
People’s Government
BNP PARIBAS WEALTH
Foreign
MANAGEMENT HONG 2.71% 15,199,417 0
corporation
KONG BRANCH
China Foreign Economy
And Trade Trust Co.,Ltd－
Other 1.06% 5,952,348 0
New Share+ Interest
Arbitrage
Changxin Funds -
Industrial Bank -Block
Other 0.96% 5,369,939 0
Trade No. 3 Asset
Management Plan
ING ASIA PRIVATE Foreign 0.92% 5,189,901 0
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Report for the First Quarter of 2014 of Changchai Company, Limited
BANK LIMITED corporation
Domestic
Wang Yuanquan natural 0.91% 5,100,000 0
person
Changxin Funds -
Industrial Bank -Block
Other 0.86% 4,812,165 0
Trade No. 3 Asset
Management Plan
Zhongrong International
Trust Co., Ltd.-08 Other 0.73% 4,120,501 0
Rongxin NO. 83
Zhonghai Trust Co., Ltd－
Zhonghai Jufa－the
agreed subscription of the Other 0.65% 3,655,642 0
Money Trust 1 of the new
share
Ping An Trust Co., Ltd-
Ping An BBK Assembled Other 0.59% 3,311,504 0
Funds Trust
Shareholdings of top 10 non-restricted shareholders
Number of non-restricted Variety of shares
Name of shareholder
shares held Variety Number
State-owned Assets Supervision and Administration
RMB ordinary
Commission of Changzhou Municipal People’s 168,497,736 168,497,736
share
Government
Domestically
BNP PARIBAS WEALTH MANAGEMENT HONG
15,199,417 listed foreign 15,199,417
KONG BRANCH
shares
China Foreign Economy And Trade Trust Co.,Ltd－ RMB ordinary
5,952,348 5,952,348
New Share+ Interest Arbitrage share
Changxin Funds - Industrial Bank -Block Trade No. 3 RMB ordinary
5,369,939 5,369,939
Asset Management Plan share
Domestically
ING ASIA PRIVATE BANK LIMITED 5,189,901 listed foreign 5,189,901
shares
RMB ordinary
Wang Yuanquan 5,100,000 5,100,000
share
Changxin Funds - Industrial Bank -Block Trade No. 3 RMB ordinary
4,812,165 4,812,165
Asset Management Plan share
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Report for the First Quarter of 2014 of Changchai Company, Limited
Zhongrong International Trust Co., Ltd.-08 Rongxin RMB ordinary
4,120,501 4,120,501
NO. 83 share
Zhonghai Trust Co., Ltd－Zhonghai Jufa－the agreed RMB ordinary
3,655,642 3,655,642
subscription of the Money Trust 1 of the new share share
Ping An Trust Co., Ltd- Ping An BBK Assembled RMB ordinary
3,311,504 3,311,504
Funds Trust share
It is unknown whether there was any associated relationship
among the top ten tradable shareholders and among the top
Explanation on associated relationship or/and persons
ten shareholders not subject to trading moratorium, or
acting in concert among the above-mentioned
whether they are persons acting in concert as described by
shareholders:
Measures for the Administrative of Disclosure of
Shareholder Equity Changes.
Because the shareholder--Mr. Wang Yuanquan had
participated in the financing and securities loans business
during the reporting period, he held the shares of the
Explanation on the top 10 shareholders participating in
Company of 5,100,000shares through the securities
the financing and securities loans business (if any)
guarantee account of the customer credit transactions
provided by China Securities Co., Ltd. with the proportion of
the share holding of 0.27%.
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
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. Accounts receivable increased 61.27% from the opening amount mainly because the Company properly
allowed customers’ buying on credit according to relevant agreements and plans to expand the market room.
2. Prepayments decreased 37.07% from the opening amount mainly because the prepayments for materials
decreased.
3. Other receivables increased 76.47% from the opening amount mainly because subsidiary Housheng Investment
granted a temporary loan to an external party.
4. Payroll payable decreased 45.00% from the opening amount mainly because some of the salary and bonus
provisions made last year were paid in the reporting period.
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Report for the First Quarter of 2014 of Changchai Company, Limited
5. Net cash flows from operating activities decreased from the opening amount mainly because the Company
enhanced sales promotion and the accounts receivable increased.
II. Predict the operating results of Jan.-Jun. 2014
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
V. Securities investments
Number Shareho Number Shareho Gain/los
Initial Closing
Variety of lding of lding s for Source
Code of Name of investm book
of shares percenta shares percenta reportin Account of
securitie securitie ent cost value
securitie held at ge at held at ge at g period ing title securitie
s s (RMB (RMB
s period-b period-b period-e period-e (RMB s
Yuan) Yuan)
egin egin nd nd Yuan)
Total 0.00 0 -- 0 -- 0.00 0.00 -- --
Shareholdings in other listed companies
√Applicable □ Inapplicable
At the end of the reporting period, the Company held a number of 72.25 million “Foton Motor” shares and 50,000
“Ninghu Expressway” shares measured as available-for-sale financial assets.
IV. Researches, visits and interviews received in the reporting period
Main discussion
Way of and materials
Time of reception Place of reception Visitor type Visitor
reception provided by the
Company
The impact of
The Shenzhen Stock reform of
Individual
7 Jan. 2014 Exchange Other Individual state-owned assets
investor
Interaction Platform on the Company's
future
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