Report for the Third Quarter of 2014 of Changchai Company, Limited
Changchai Company, Limited
Report for the Third Quarter of 2014
October 2014
1
Report for the Third Quarter of 2014 of Changchai Company, Limited
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.
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Report for the Third Quarter of 2014 of Changchai Company, Limited
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)
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
1,392,877.46
assets and tradable financial liabilities, as well as investment
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Report for the Third Quarter of 2014 of Changchai Company, Limited
income from disposal of tradable financial assets and tradable
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
67,854
shareholders at the period-end
Shareholdings of the top ten common shareholders
Number of Pledged or frozen shares
Name of Nature of Shareholding Number of the
restricted shares
shareholder shareholder percentage (%) shares held Status of shares Number of shares
held
State-owned Assets
Supervision and
Administration
On behalf of the
Commission of 30.02% 168,497,736 0
State
Changzhou
Municipal People’s
Government
BNP PARIBAS
WEALTH
Foreign
MANAGEMENT 2.03% 11,399,417 0
corporation
HONG KONG
BRANCH
ING ASIA Foreign
0.80% 4,489,901 0
PRIVATE BANK corporation
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Report for the Third Quarter of 2014 of Changchai Company, Limited
LIMITED
BCOH － Nongyin
Huili Industry
Growth Equity Other 0.61% 3,399,661 0
Securities
Investment Fund
Warburg Trust Co.,
Ltd.－Shijie
Haoyu No. 9 Other 0.55% 3,085,898 0
Assembled Funds
Trust
Domestic
Jiang Xuezhen 0.46% 2,590,000 0
individual
Southwest
Securities －CCB
－Southwest
Securities Everest Other 0.43% 2,434,915 0
No. 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 Other 0.29% 1,630,643 0
Assembled Funds
Trust
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted common shares held at the Type of shares
Name of shareholder
period-end Type Number
State-owned Assets Supervision and
Administration Commission of RMB ordinary
168,497,736 168,497,736
Changzhou Municipal People’s share
Government
BNP PARIBAS WEALTH Domestically
MANAGEMENT HONG KONG 11,399,417 listed foreign 11,399,417
BRANCH share
ING ASIA PRIVATE BANK 4,489,901 Domestically 4,489,901
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Report for the Third Quarter of 2014 of Changchai Company, Limited
listed foreign
LIMITED
share
BCOH － Nongyin Huili Industry
RMB ordinary
Growth Equity Securities Investment 3,399,661 3,399,661
share
Fund
Warburg Trust Co., Ltd.－Shijie RMB ordinary
3,085,898 3,085,898
Haoyu No. 9 Assembled Funds Trust share
RMB ordinary
Jiang Xuezhen 2,590,000 2,590,000
share
Southwest Securities －CCB－
RMB ordinary
Southwest Securities Everest No. 1 2,434,915 2,434,915
share
Assembled Assets Management Plan
RMB ordinary
Cha Genlou 2,004,884 2,004,884
share
RMB ordinary
Zhang Gengdi 1,790,315 1,790,315
share
Warburg Trust Co., Ltd.－Shijie RMB ordinary
1,630,643 1,630,643
Haoyu No.21 Assembled Funds Trust share
Explanation on associated
It’s unknown whether there was any associated relationship among other shareholders of the
relationship or persons acting in
top ten shareholders, or whether there is any action-in-concert among them regarding to
concert among the above-mentioned
Administrative Measures on Changes in Holdings.
shareholders
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,
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Report for the Third Quarter of 2014 of Changchai Company, Limited
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
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
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Report for the Third Quarter of 2014 of Changchai Company, Limited
The Company did not invest in any securities in the reporting period.
Shareholdings in other listed companies
√Applicable □Inapplicable
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
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Report for the Third Quarter of 2014 of Changchai Company, Limited
The Interaction
Particulars about
Easy Platform of Individual
11 Jul. 2014 Other Individual wholly-funded subsidiary
Shenzhen Stock investor
Housheng Investment
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
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Report for the Third Quarter of 2014 of Changchai Company, Limited
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item 30 Sept. 2014 31 Dec. 2013
Current Assets:
Monetary funds 474,990,149.43 688,297,469.30
Settlement reserves
Intra-group lendings
Financial assets measured at fair
value and of which changes are
recorded into current gains and losses
Notes receivable 246,631,070.18 257,845,729.93
Accounts receivable 577,622,248.07 317,295,375.34
Accounts paid in advance 9,154,769.17 14,659,048.00
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 27,903,745.57 12,723,300.47
Financial assets purchased under
agreements to resell
Inventories 398,260,462.41 473,238,876.29
Assets held for sale
Non-current assets due within 1 year
Other current assets
Total current assets 1,734,562,444.83 1,764,059,799.33
Non-current assets:
Loans by mandate and advances
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Report for the Third Quarter of 2014 of Changchai Company, Limited
granted
Available-for-sale financial assets 415,742,500.00 368,754,000.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 63,014,885.73 64,748,325.73
Investing property 60,041,456.03 61,697,711.63
Fixed assets 587,261,955.63 619,468,246.18
Construction in progress 115,483,091.62 78,207,347.80
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 83,789,728.88 84,217,899.70
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 1,195,990.26 1,195,990.26
Other non-current assets
Total of non-current assets 1,326,529,608.15 1,278,289,521.30
Total assets 3,061,092,052.98 3,042,349,320.63
Current liabilities:
Short-term borrowings 20,000,000.00 30,000,000.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Financial liabilities measured at fair
value and of which changes are
recorded into current gains and losses
Notes payable 210,290,000.00 246,300,000.00
Accounts payable 25,478,121.46 577,327,834.60
Accounts received in advance -7,645,470.06 38,090,958.80
Financial assets sold for repurchase
Handling charges and commissions
3,891,433.83
payable
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Report for the Third Quarter of 2014 of Changchai Company, Limited
Employee’s compensation payable 222,477,933.97 57,122,045.12
Tax payable -7,645,470.06 -23,761,875.83
Interest payable
Dividend payable 3,891,433.83 3,891,433.83
Other accounts payable 216,477,933.97 174,454,382.17
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Liabilities held for sale
Non-current liabilities due within 1
year
Other current liabilities 3,017,491.68 1,939,407.40
Total current liabilities 1,037,416,887.81 1,105,364,186.09
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Other comprehensive incomes
Estimated liabilities
Deferred income tax liabilities 56,080,200.00 49,031,925.00
Other non-current liabilities 58,411,552.94 61,894,052.94
Total non-current liabilities 114,491,752.94 110,925,977.94
Total liabilities 1,151,908,640.75 1,216,290,164.03
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 561,374,326.00 561,374,326.00
Capital reserves 171,016,154.25 171,016,154.25
Less: Treasury stock
Specific reserves 6,996,256.56 6,996,256.56
Surplus reserves 317,814,637.75 277,780,844.33
Provisions for general risks 289,629,574.39 289,629,574.39
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Report for the Third Quarter of 2014 of Changchai Company, Limited
Retained profits 544,849,792.65 502,779,906.92
Total equity attributable to owners of
1,891,680,741.60 1,809,577,062.45
the Company
Minority interests 17,502,670.63 16,482,094.15
Total owners’ (or shareholders’) equity 1,909,183,412.23 1,826,059,156.60
Total liabilities and owners’ (or
3,061,092,052.98 3,042,349,320.63
shareholders’) equity
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
2. Balance sheet of the Company
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item 30 Sept. 2014 31 Dec. 2013
Current Assets:
Monetary funds 451,085,358.55 649,755,641.89
Financial assets measured at fair
value and of which changes are
recorded into current gains and losses
Notes receivable 244,111,070.18 257,695,729.93
Accounts receivable 545,113,801.99 287,405,670.66
Accounts paid in advance 5,261,042.26 10,821,513.13
Interest receivable
Dividend receivable
Other accounts receivable 11,598,359.16 10,397,443.72
Inventories 331,056,262.95 401,992,702.79
Assets held for sale
Non-current assets due within 1 year
Other current assets
Total current assets 1,588,225,895.09 1,618,068,702.12
Non-current assets:
Available-for-sale financial assets 415,742,500.00 368,754,000.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 211,559,825.73 188,666,565.73
Investing property 60,041,456.03 61,697,711.63
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Report for the Third Quarter of 2014 of Changchai Company, Limited
Fixed assets 468,038,231.31 496,473,706.65
Construction in progress 113,525,187.50 77,785,739.64
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 81,775,506.60 82,161,279.41
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 1,195,990.26 1,195,990.26
Other non-current assets
Total of non-current assets 1,351,878,697.43 1,276,734,993.32
Total assets 2,940,104,592.52 2,894,803,695.44
Current liabilities:
Short-term borrowings
Financial liabilities measured at fair
value and of which changes are
recorded into current gains and losses
Notes payable 198,290,000.00 239,300,000.00
Accounts payable 504,089,282.92 534,436,105.73
Accounts received in advance 43,989,038.78 48,173,277.25
Employee’s compensation payable 21,445,272.77 52,616,431.17
Tax payable -622,696.31 -16,220,685.07
Interest payable
Dividend payable 3,243,179.97 3,243,179.97
Other accounts payable 216,214,179.86 167,758,011.92
Liabilities held for sale
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 986,648,257.99 1,029,306,320.97
Non-current liabilities:
Long-term borrowings
Bonds payable
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Report for the Third Quarter of 2014 of Changchai Company, Limited
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 56,080,200.00 49,031,925.00
Other non-current liabilities 58,411,552.94 61,894,052.94
Total non-current liabilities 114,491,752.94 110,925,977.94
Total liabilities 1,101,140,010.93 1,140,232,298.91
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 561,374,326.00 561,374,326.00
Capital reserves 183,044,309.95 183,044,309.95
Less: Treasury stock
Specific reserves 6,996,256.56 6,996,256.56
Other comprehensive incomes 317,814,637.75 277,847,575.00
Surplus reserves 289,629,574.39 289,629,574.39
Provisions for general risks
Retained profits 480,105,476.94 435,679,354.63
Total owners’ (or shareholders’) equity 1,838,964,581.59 1,754,571,396.53
Total liabilities and owners’ (or
2,940,104,592.52 2,894,803,695.44
shareholders’) equity
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
3. Consolidated income statement for the reporting period
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total operating revenues 596,251,102.70 703,876,673.50
Including: Sales income 596,251,102.70 703,876,673.50
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 583,601,181.96 684,786,271.72
Including: Cost of sales 526,155,740.49 627,000,282.35
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Report for the Third Quarter of 2014 of Changchai Company, Limited
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 262,580.46 77,709.39
Selling and distribution expenses 29,413,885.37 32,197,292.46
Administrative expenses 27,416,496.91 27,636,536.53
Financial expenses -1,047,390.27 -2,125,549.01
Asset impairment loss 1,399,869.00
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
7,852,349.51 719,889.97
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-”
means loss)
III. Business profit (“-” means loss) 20,502,270.25 19,810,291.75
Add: non-operating income 710,371.45 1,249,478.58
Less: non-operating expense 1,069,978.47 1,068,029.49
Including: loss from non-current
asset disposal
IV. Total profit (“-” means loss) 20,142,663.23 19,991,740.84
Less: Income tax expense 3,228,271.47 2,923,301.36
V. Net profit (“-” means loss) 16,914,391.76 17,068,439.48
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
16,740,470.13 17,044,723.04
Company
Minority shareholders’ income 173,921.63 23,716.44
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Report for the Third Quarter of 2014 of Changchai Company, Limited
VI. Earnings per share -- --
(I) Basic earnings per share 0.03 0.03
(II) Diluted earnings per share 0.03 0.03
Ⅶ. Other comprehensive incomes 39,997,744.67 12,338,508.12
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting 39,997,744.67 12,338,508.12
periods as relevant requirements are
met
Ⅷ. Total comprehensive incomes 56,912,136.43 29,406,947.60
Attributable to owners of the
56,738,214.80 29,383,231.16
Company
Attributable to minority shareholders 173,921.63 23,716.44
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
4. Income statement of the Company for the reporting period
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Jul.-Sept. 2014 Jul.-Sept. 2013
I. Total sales 601,452,898.73 710,804,975.97
Less: cost of sales 536,307,945.22 640,127,395.09
Business taxes and surcharges
Distribution expenses 28,600,872.12 31,351,340.28
Administrative expenses 23,247,390.37 23,995,526.79
Financial costs -1,450,261.90 -2,678,190.22
Impairment loss 1,399,869.00
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
6,215,908.66
means loss)
Including: income form investment
on associates and joint ventures
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Report for the Third Quarter of 2014 of Changchai Company, Limited
II. Business profit (“-” means loss) 19,562,992.58 18,008,904.03
Add: non-business income 534,059.39 1,040,592.41
Less: non-business expense 1,038,571.44 1,068,029.49
Including: loss from non-current
17,207.16
asset disposal
III. Total profit (“-” means loss) 19,058,480.53 17,981,466.95
Less: income tax expense 3,035,821.48 2,583,560.34
IV. Net profit (“-” means loss) 16,022,659.05 15,397,906.61
V. Earnings per share -- --
(I) Basic earnings per share 0.03 0.03
(II) Diluted earnings per share 0.03 0.03
VI. Other comprehensive income 39,968,762.75 12,293,125.00
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting 39,968,762.75 12,293,125.00
periods as relevant requirements are
met
VII. Total comprehensive income 55,991,421.80 27,691,031.61
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
5. Consolidated income statement for Jan.-Sept. 2014
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total operating revenues 1,936,127,304.42 2,301,579,371.96
Including: Sales income 1,936,127,304.42 2,301,579,371.96
Interest income
Premium income
Handling charge and commission
income
II. Total operating cost 1,884,318,838.47 2,247,354,386.78
Including: Cost of sales 1,711,640,499.12 2,059,961,179.87
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Report for the Third Quarter of 2014 of Changchai Company, Limited
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 577,867.86 355,059.52
Selling and distribution expenses 87,937,699.44 96,398,030.31
Administrative expenses 90,299,073.75 101,733,682.68
Financial expenses -8,179,953.05 -9,738,342.49
Asset impairment loss 2,043,651.35 -1,355,223.11
Add: Gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
9,325,019.68 13,072,696.77
means loss)
Including: share of profits in
associates and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 61,133,485.63 67,297,681.95
Add: non-operating income 7,928,834.07 3,693,757.88
Less: non-operating expense 6,675,426.07 3,777,259.74
Including: loss from non-current
61,479.60 17,207.16
asset disposal
IV. Total profit (“-” means loss) 62,386,893.63 67,214,180.09
Less: Income tax expense 10,322,416.53 10,276,942.77
V. Net profit (“-” means loss) 52,064,477.10 56,937,237.32
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
51,043,900.62 56,909,920.20
Company
Minority shareholders’ income 1,020,576.48 27,317.12
19
Report for the Third Quarter of 2014 of Changchai Company, Limited
VI. Earnings per share -- --
(I) Basic earnings per share 0.09 0.1
(II) Diluted earnings per share 0.09 0.1
VII. Other comprehensive incomes 40,033,793.42 -87,801,600.00
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting 40,033,793.42 -87,801,600.00
periods as relevant requirements are
met
VIII. Total comprehensive incomes 92,098,270.52 -30,864,362.68
Attributable to owners of the
-30,891,679.80
Company 91,077,694.04
Attributable to minority shareholders 1,020,576.48 27,317.12
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
6. Income statement of the Company for Jan.-Sept. 2014
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Total sales 1,956,450,412.84 2,322,130,140.25
Less: cost of sales 1,748,726,671.54 2,099,970,095.94
Business taxes and surcharges
Distribution expenses 84,281,274.85 92,491,096.15
Administrative expenses 78,652,824.64 90,191,726.51
Financial costs -10,240,790.06 -11,471,022.16
Impairment loss 2,043,651.35 -1,355,223.11
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
9,276,302.33 12,133,439.60
means loss)
Including: income form investment
on associates and joint ventures
20
Report for the Third Quarter of 2014 of Changchai Company, Limited
II. Business profit (“-” means loss) 62,263,082.85 64,436,906.52
Add: non-business income 6,750,419.19 2,213,178.67
Less: non-business expense 6,597,872.75 3,777,146.24
Including: loss from non-current
61,479.60 17,207.16
asset disposal
III. Total profit (“-” means loss) 62,415,629.29 62,872,938.95
Less: income tax expense 9,568,892.09 9,505,940.84
IV. Net profit (“-” means loss) 52,846,737.20 53,366,998.11
V. Earnings per share -- --
(I) Basic earnings per share 0.09 0.1
(II) Diluted earnings per share 0.09 0.1
VI. Other comprehensive income 39,967,062.75 -87,801,600.00
Including: Other comprehensive
incomes items that cannot be
reclassified as gains and losses in the
subsequent accounting periods
Other comprehensive incomes items
that will be reclassified as gains and
losses in the subsequent accounting 39,967,062.75 -87,801,600.00
periods as relevant requirements are
met
VII. Total comprehensive income 92,813,799.95 -34,434,601.89
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
7. Consolidated cash flow statement for Jan.-Sept. 2014
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating activities:
Cash received from sale of
1,957,387,089.38 2,390,257,724.31
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
21
Report for the Third Quarter of 2014 of Changchai Company, Limited
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
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 27,929,664.35 36,808,418.49
Other cash received relating to
22,276,735.86 33,432,303.86
operating activities
Subtotal of cash inflows from operating
2,007,593,489.59 2,460,498,446.66
activities
Cash paid for goods and services 1,795,061,598.18 2,137,926,501.00
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 198,752,708.68 215,945,086.79
Various taxes paid 39,705,485.13 32,358,056.43
Other cash payment relating to
50,256,156.25 63,953,430.12
operating activities
Subtotal of cash outflows from
2,083,775,948.24 2,450,183,074.34
operating activities
Net cash flows from operating activities -76,182,458.65 10,315,372.32
22
Report for the Third Quarter of 2014 of Changchai Company, Limited
II. Cash flows from investing activities:
Cash received from withdrawal of
0.00
investments
Cash received from return on
7,423,437.46 11,778,757.17
investments
Net cash received from disposal of
fixed assets, intangible assets and other 253,982.43 514,087.16
long-term assets
Net cash received from disposal of
1,027,642.33
subsidiaries or other business units
Other cash received relating to
1,500,000.00 5,000,000.00
investing activities
Subtotal of cash inflows from investing
10,205,062.22 17,292,844.33
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 75,880,276.25 70,457,843.34
assets
Cash paid for investment 0.00
Net increase of pledged loans
Net cash paid to acquire subsidiaries
23,850,000.00
and other business units
Other cash payments relating to
14,500,000.00 21,000,000.00
investing activities
Subtotal of cash outflows from
114,230,276.25 91,457,843.34
investing activities
Net cash flows from investing activities -104,025,214.03 -74,164,999.01
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
Cash received from borrowings 20,000,000.00 60,000,000.00
Cash received from issuance of
bonds
Other cash received relating to
4,955.77
financing activities
23
Report for the Third Quarter of 2014 of Changchai Company, Limited
Subtotal of cash inflows from financing
20,000,000.00 60,004,955.77
activities
Repayment of borrowings 30,000,000.00 50,000,000.00
Cash paid for interest expenses and
9,329,628.74 14,214,780.86
distribution of dividends or profit
Including: dividends or profit paid
553,400.00
by subsidiaries to minority shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from
39,329,628.74 64,214,780.86
financing activities
Net cash flows from financing activities -19,329,628.74 -4,209,825.09
IV. Effect of foreign exchange rate
-16,651.17
changes on cash and cash equivalents
V. Net increase in cash and cash
-199,537,301.42 -68,076,102.95
equivalents
Add: Opening balance of cash and
610,882,216.18 637,004,823.27
cash equivalents
VI. Closing balance of cash and cash
411,344,914.76 568,928,720.32
equivalents
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
8. Cash flow statement of the Company for Jan.-Sept. 2014
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Jan.-Sept. 2014 Jan.-Sept. 2013
I. Cash flows from operating activities:
Cash received from sale of
1,976,754,861.03 2,381,526,332.96
commodities and rendering of service
Tax refunds received 27,929,664.35 36,808,418.49
Other cash received relating to
19,897,990.45 32,531,113.46
operating activities
Subtotal of cash inflows from operating
2,024,582,515.83 2,450,865,864.91
activities
Cash paid for goods and services 1,859,470,070.77 2,163,371,698.51
Cash paid to and for employees 183,443,698.38 191,311,098.27
24
Report for the Third Quarter of 2014 of Changchai Company, Limited
Various taxes paid 32,335,971.13 27,990,532.66
Other cash payment relating to
44,244,209.96 55,818,356.32
operating activities
Subtotal of cash outflows from
2,119,493,950.24 2,438,491,685.76
operating activities
Net cash flows from operating activities -94,911,434.41 12,374,179.15
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
9,527,100.00 11,560,000.00
investments
Net cash received from disposal of
fixed assets, intangible assets and other 253,982.43 488,087.16
long-term assets
Net cash received from disposal of
1,027,642.33
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from investing
10,808,724.76 12,048,087.16
activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 69,850,240.35 64,712,772.03
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
24,626,700.00
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
94,476,940.35 64,712,772.03
investing activities
Net cash flows from investing activities -83,668,215.59 -52,664,684.87
III. Cash Flows from Financing
Activities:
Cash received from capital
contributions
Cash received from borrowings
Cash received from issuance of
bonds
25
Report for the Third Quarter of 2014 of Changchai Company, Limited
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
0.00
activities
Repayment of borrowings 0.00
Cash paid for interest expenses and
8,420,614.89 14,214,780.86
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
8,420,614.89 14,214,780.86
financing activities
Net cash flows from financing activities -8,420,614.89 -14,214,780.86
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-187,000,264.89 -54,505,286.58
equivalents
Add: Opening balance of cash and
574,440,388.77 605,259,198.95
cash equivalents
VI. Closing balance of cash and cash
387,440,123.88 550,753,912.37
equivalents
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
26