Report for the Third Quarter of 2014 of Changchai Company, Limited
Short form of the Stock: Suchangchai A, Suchangchai B Stock Code: 000570, 200570 Notice Number: 2014-018
CHANGCHAI COMPANY, LIMITED
THE THIRD QUARTERLY REPORT 2014
Section I. Important Reminders, Contents & Definition
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.
Mr. Xue Guojun, company principal, Mr. He Jianguang, chief of the accounting work, and Mr. 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. 2014 31 Dec. 2013 Increase/decrease (%)
Total assets (RMB Yuan) 3,061,092,052.98 3,042,349,320.63 0.62%
Net assets attributable to
shareholders of the Company 1,891,680,741.60 1,809,577,062.45 4.54%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2014 Jan.-Sept. 2014
(%) (%)
Operating revenues (RMB Yuan) 596,251,102.70 -15.29% 1,936,127,304.42 -15.88%
Net profit attributable to
shareholders of the Company 16,740,470.13 -1.79% 51,043,900.62 -10.31%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
15,531,456.19 -5.26% 49,051,143.62 -13.32%
extraordinary gains and losses
(RMB Yuan)
1
Report for the Third Quarter of 2014 of Changchai Company, Limited
Net cash flows from operating
-- -- -76,182,458.65 ——
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.03 0.00% 0.09 -10.00%
Diluted EPS (RMB Yuan/share) 0.03 0.00% 0.09 -10.00%
Weighted average ROE (%) 0.91% -0.03% 2.76% -0.36%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2014 Note
Gains/losses on the disposal of non-current assets (including the
253,982.48
offset part of asset impairment provisions)
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
5,708,500.00
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
1,392,877.46
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 than the above -4,707,667.45
Less: Income tax effects 646,668.48
Minority interests effects (after tax) 8,267.01
Total 1,992,757.00 --
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
No such cases during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common shareholders at the
67,854
period-end
2
Report for the Third Quarter of 2014 of Changchai Company, Limited
Shareholdings of the top ten common shareholders
Number of 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 Supervision
and Administration Commission On behalf of the
30.02% 168,497,736 0
of Changzhou Municipal People’s State
Government
BNP PARIBAS WEALTH
Foreign
MANAGEMENT HONG KONG 2.03% 11,399,417 0
corporation
BRANCH
ING ASIA PRIVATE BANK Foreign
0.80% 4,489,901 0
LIMITED corporation
BCOH－Nongyin Huili Industry
Growth Equity Securities Other 0.61% 3,399,661 0
Investment Fund
Warburg Trust Co., Ltd.－Shijie
Haoyu No. 9 Assembled Funds Other 0.55% 3,085,898 0
Trust
Domestic
Jiang Xuezhen 0.46% 2,590,000 0
individual
Southwest Securities －CCB－
Southwest Securities Everest No.
Other 0.43% 2,434,915 0
1 Assembled Assets Management
Plan
Domestic
Cha Genlou 0.36% 2,004,884 0
individual
Domestic
Zhang Gengdi 0.32% 1,790,315 0
individual
Warburg Trust Co., Ltd.－Shijie
Haoyu No.21 Assembled Funds Other 0.29% 1,630,643 0
Trust
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted common Type of shares
Name of shareholder
shares held at the period-end Type Number
State-owned Assets Supervision and Administration
Commission of Changzhou Municipal People’s 168,497,736 RMB ordinary share 168,497,736
Government
BNP PARIBAS WEALTH MANAGEMENT 11,399,417 Domestically listed foreign 11,399,417
3
Report for the Third Quarter of 2014 of Changchai Company, Limited
HONG KONG BRANCH share
Domestically listed foreign
ING ASIA PRIVATE BANK LIMITED 4,489,901 4,489,901
share
BCOH － Nongyin Huili Industry Growth Equity
3,399,661 RMB ordinary share 3,399,661
Securities Investment Fund
Warburg Trust Co., Ltd.－Shijie Haoyu No. 9
3,085,898 RMB ordinary share 3,085,898
Assembled Funds Trust
Jiang Xuezhen 2,590,000 RMB ordinary share 2,590,000
Southwest Securities －CCB－Southwest
Securities Everest No. 1 Assembled Assets 2,434,915 RMB ordinary share 2,434,915
Management Plan
Cha Genlou 2,004,884 RMB ordinary share 2,004,884
Zhang Gengdi 1,790,315 RMB ordinary share 1,790,315
Warburg Trust Co., Ltd.－Shijie Haoyu No.21
1,630,643 RMB ordinary share 1,630,643
Assembled Funds Trust
It’s unknown whether there was any associated relationship among other
Explanation on associated relationship or persons
shareholders of the top ten shareholders, or whether there is any
acting in concert among the above-mentioned
action-in-concert among them regarding to Administrative Measures on
shareholders
Changes in Holdings.
Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed
buy-back in the reporting period?
□ Yes √ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the
period-end
□ Applicable √ Inapplicable
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
√ Applicable □ Inapplicable
(1) Monetary funds at the period-end decreased by RMB 213.3073 million from the amount at the year-beginning,
a decrease of 30.99%, mainly because the payments collected from customers decreased.
(2) Accounts receivable at the period-end increased by RMB 260.3269 million from the amount at the
year-beginning, an increase of 82.05%, mainly because we reinforced sales promotion and expanded sale on credit
4
Report for the Third Quarter of 2014 of Changchai Company, Limited
within a controllable scope.
(3) Prepayments at the period-end decreased by RMB 5.5043 million from the amount at the year-beginning, a
decrease of 37.55%, mainly because we reduced our payments to suppliers to control the stock.
(4) Other receivables at the period-end increased by RMB 15.1804 million from the amount at the year-beginning,
an increase of 119.31%, mainly because of the money on call from subsidiary Housheng Investment to Xuzhou
East China Foundry General Factory, etc.
(5) Construction in progress at the period-end increased by RMB 37.2757 million from the amount at the
year-beginning, an increase of 47.66%, mainly because the investments in the casting workshop alteration project,
etc. increased.
(6) Short-term borrowings at the period-end decreased by RMB 10 million from the amount at the year-beginning,
an increase of 33.33%, mainly because subsidiary Changchai Wanzhou repaid borrowings.
(7) Payroll payable at the period-end decreased by RMB 31.6439 million from the amount at the year-beginning, a
decrease of 55.40%, mainly because the salary and bonus provisions made in the last period were partially paid in
the current period.
(8) Taxes and fares payable at the period-end increased by RMB 16.1164 million from the amount at the
year-beginning, an increase of 68.00%, mainly because the stock of the Company decreased and the VAT input tax
decreased accordingly.
II. Progress and influence of significant events, as well as the analysis and explanation on
solutions
□Applicable √ Inapplicable
III. Commitments made by the Company or shareholders holding over 5% of the Company’s
shares in the reporting period or such commitments carried down into the reporting period
□ Applicable √ Inapplicable
No such commitments in the reporting period.
IV. Predict the 2014 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
V. Securities investment
□Applicable √Inapplicable
The Company did not invest in any securities in the reporting period.
Shareholdings in other listed companies
√Applicable □Inapplicable
5
Report for the Third Quarter of 2014 of Changchai Company, Limited
At the end of the reporting period, we held 72.25 million “Foton Motor” shares and 50,000 “Ninghu Expressway” shares measured as
available-for-sale financial assets.
VI. Investments in derivatives
□Applicable √Inapplicable
The Company did not invest in any derivative in the reporting period.
VII. Researches, visits and interviews received in the reporting period
√Applicable □Inapplicable
Main discussion and
Time Place Way of reception Visitor type Visitor materials provided by the
Company
The Shenzhen
The impact of reform of
Stock Exchange Individual
7 Jan. 2014 Other Individual state-owned assets on the
Interaction investor
Company's future
Platform
Operating situation and
Telephone Individual
18 Apr. 2014 The Company Individual future development of the
communication investor
Company
Operating situation and
Telephone Individual
28 Apr. 2014 The Company Individual future development of the
communication investor
Company
The Shenzhen
Operating situation and
Stock Exchange Individual
11 Jun. 2014 Other Individual future development of the
Interaction investor
Company
Platform
Operating situation and
Telephone Individual
23 Jun. 2014 The Company Individual future development of the
communication investor
Company
The Interaction
Storage progress of the
Easy Platform of Individual
1 Jul. 2014 Other Individual Company’s single-cylinder
Shenzhen Stock investor
engine base
Exchange
The Interaction
The Company’s
Easy Platform of Individual
10 Jul. 2014 Other Individual equity-holdings in other
Shenzhen Stock investor
companies
Exchange
The Interaction Particulars about
Individual
11 Jul. 2014 Easy Platform of Other Individual wholly-funded subsidiary
investor
Shenzhen Stock Housheng Investment
6
Report for the Third Quarter of 2014 of Changchai Company, Limited
Exchange
The Interaction
Easy Platform of Individual
11 Aug. 2014 Other Individual Future development plan
Shenzhen Stock investor
Exchange
The Interaction
Easy Platform of Individual
13 Aug. 2014 Other Individual Future development plan
Shenzhen Stock investor
Exchange
The Interaction
Easy Platform of Individual
15 Aug. 2014 Other Individual Operating status
Shenzhen Stock investor
Exchange
Influence of the reform of
the State-owned Assets
The Interaction
Supervision and
Easy Platform of Individual
24 Aug. 2014 Other Individual Administration
Shenzhen Stock investor
Commission of Jiangsu
Exchange
Provincial Government on
the Company
The Interaction
Easy Platform of Individual Human resources of the
9 Sept. 2014 Other Individual
Shenzhen Stock investor Company
Exchange
VIII. Influence of the newly promulgated or amended accounting standards on our
consolidated financial statements
√ Applicable □ Inapplicable
According to the amended , the other comprehensive incomes and the foreign-currency statement translation differences
formerly recorded under the capital reserve were restated under the “other comprehensive incomes” item. And the
year-beginning data were restated adopting the retrospective adjustment method, with details as follows:
31 Dec. 2013
Capital reserve（+/-） Other comprehensive Foreign-currency
incomes（+/-） statement translation
difference（+/-）
-277,847,575.00 277,780,844.33 66,730.67
7
