Stock code: 000570, 200570 Stock abbreviation: Su Changchai A, Su Changchai B Announcement No.: 2015-014
CHANGCHAI COMPANY, LIMITED
THE FIRST QUARTERLY REPORT FOR YEAR 2015
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.
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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. 2015 Jan.-Mar. 2014 +/- (%)
Operating revenues (RMB Yuan) 650,305,530.50 742,596,945.82 -12.43%
Net profit attributable to shareholders of the
17,279,138.61 19,532,558.06 -11.54%
Company (RMB Yuan)
Net profit attributable to shareholders of the
Company after extraordinary gains and losses 15,137,500.97 19,307,194.21 -21.60%
(RMB Yuan)
Net cash flows from operating activities
1,795,087.91 -44,717,639.28 ——
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.03 0.03 0.00%
Diluted EPS (RMB Yuan/share) 0.03 0.03 0.00%
Weighted average ROE (%) 0.87% 1.06% -0.19%
31 Mar. 2015 31 Dec. 2014 +/- (%)
Total assets (RMB Yuan) 3,326,512,662.98 3,166,783,758.18 5.04%
Net assets attributable to shareholders of the
2,033,456,798.88 1,936,936,835.27 4.98%
Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Unit: RMB Yuan
Item Jan.-Mar. 2015 Explanation
Gains/losses on the disposal of non-current assets (including the
-3,107.80
offset part of the asset impairment provisions)
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
2,256,000.00
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 1,055,860.52
financial liabilities and financial assets available for sales except
for effective hedging related with normal businesses of the
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Company
Non-operating income and expense other than the above -914,887.26
Less: Income tax effects 252,227.82
Total 2,141,637.64 --
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 in the reporting period.
II. Total number of shareholders at the period-end and shareholdings of top 10
shareholders
1. Total number of common shareholders at the period-end and shareholdings of top 10
common shareholders
Unit: share
Total number of common shareholders at the period-end 63,933
Shareholdings of top 10 common shareholders
Shareholdi Pledged or frozen
Number of
Nature of ng Number of shares
Name of shareholder restricted shares
shareholder percentage shares held Status of Number
held
(%) shares of shares
State-owned Assets Supervision and
On behalf of the
Administration Commission of Changzhou 30.02% 168,497,736
State
Municipal People’s Government
Domestic
Zhang Liming 1.54% 8,653,311
individual
Foreign
KGI ASIA LIMITED 0.92% 5,166,170
corporation
SUN HUNG KAI INVESTMENT SERVICES Foreign
0.66% 3,701,528
LTD-CUSTOMERS A/C corporation
Southwest Securities-CCB-Aggregate Asset
Management Plan of Zhufeng No. 1 of Other 0.63% 3,541,233
Southwest Securities
BNP PARIBAS WEALTH MANAGEMENT Foreign
0.55% 3,099,873
HONG KONG BRANCH corporation
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Domestic
Jiang Xuezhen 0.50% 2,800,000
individual
Southwest Securities-The Agricultural Bank
of China-Aggregate Asset Management Plan
Other 0.50% 2,800,000
of Shuangxi Huixin No.1 of Southwest
Securities
CORE PACIFIC-YAMAICHI Foreign
0.30% 1,672,400
INTERNATIONAL (H.K.) LIMITED corporation
Domestic
Sun Qingfu 0.28% 1,551,811
individual
Particulars about shares held by the top ten shareholders holding shares not subject to trading moratorium
Number of tradable shares Type of shares
Name of shareholder
held at the period-end Type Number
State-owned Assets Supervision and Administration Commission
168,497,736 RMB ordinary share 168,497,736
of Changzhou Municipal People’s Government
Zhang Liming 8,653,311 RMB ordinary share 8,653,311
Domestically listed
KGI ASIA LIMITED 5,166,170 5,166,170
foreign shares
SUN HUNG KAI INVESTMENT SERVICES Domestically listed
3,701,528 3,701,528
LTD-CUSTOMERS A/C foreign shares
Southwest Securities-CCB-Aggregate Asset Management Plan of
3,541,233 RMB ordinary share 3,541,233
Zhufeng No. 1 of Southwest Securities
BNP PARIBAS WEALTH MANAGEMENT HONG KONG Domestically listed
3,099,873 3,099,873
BRANCH foreign shares
Jiang Xuezhen 2,800,000 RMB ordinary share 2,800,000
Southwest Securities- The Agricultural Bank of China-Aggregate
Asset Management Plan of Shuangxi Huixin No.1 of Southwest 2,800,000 RMB ordinary share 2,800,000
Securities
CORE PACIFIC-YAMAICHI INTERNATIONAL (H.K.) Domestically listed
1,672,400 1,672,400
LIMITED foreign shares
Sun Qingfu 1,551,811 RMB ordinary share 1,551,811
It is unknown whether there was any associated
relationship among the top ten tradable shareholders and
Explanation on associated relationship or/and persons
among the top ten shareholders not subject to trading
acting in concert among the above-mentioned
moratorium, or whether they are persons acting in concert
shareholders:
as described by Measures for the Administrative of
Disclosure of Shareholder Equity Changes.
Explanation on the top 10 common shareholders participating in The shareholder, Zhang Liming, owning to participating in the
the financing and securities loans business (if any) financing and securities loans business during the reporting period,
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he hold 8,653,311 shares of the Company through the customer
credit collateral securities trading account of Huatai Securities Co.,
Ltd. with the shareholding proportion of 1.54%. The shareholder,
Sun Qingfu hold 1,551,811 shares of the Company through the
securities ordinary account and the customer credit collateral
securities trading account with the shareholding proportion of
0.28%, of which, owning to participating in the financing and
securities loans business during the reporting period, he hold
1,464,611 shares of the Company through the customer credit
collateral securities trading account of Guosen Securities Co., Ltd.
with the shareholding proportion of 0.26%.
Did any shareholder of the top 10 common shareholders and top 10 shareholders holding not subject to trading
moratorium the Company carries out an agreed buy-back in the reporting period?
□ Yes √ No
There was no shareholder of the top 10 common shareholders and top 10 shareholders holding not subject to
trading moratorium the Company carries out an agreed buy-back in the reporting period
2. Total number of preferred shareholders at the period-end and shareholdings of top 10
preferred shareholders
□ Applicable √ Inapplicable
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
√ Applicable □ Inapplicable
1. Accounts receivable increased 51.84% from the opening amount mainly because the Company
properly allowed customers’ buying on credit according to relevant agreements and marketing
plans to expand the market room.
2. Other receivables increased 121.02% from the opening amount mainly because of the
temporary lendings from subsidiary Housheng Investment to Xuzhou East China Casting General
Factory, etc.
3. Payroll payable decreased 30.64% from the opening amount mainly because some of the salary
and bonus provisions made last year were paid in the reporting period.
4. Taxes and fares payable increased 167.68% from the opening amount mainly because the
inventories of the Company (without subsidiaries) decreased and the input VAT decreased
accordingly.
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5. Investment gains increased 97.57% year on year mainly because subsidiary Housheng
Investment received bonuses from its investees.
II. Progress of significant events and analysis & explanations on their influence
and solutions
□ Applicable √ Inapplicable
III. Commitments made by the Company or any shareholder with a
shareholding over 5% in the reporting period or such commitments made in
previous period and carried down into the reporting period
□ Applicable √ Inapplicable
No such cases in the reporting period.
IV. Predict the operating results of Jan.-Jun. 2015
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
□ Applicable √ Inapplicable
No such cases in the reporting period.
VI. Shareholdings in other listed companies
√ Applicable □ Inapplicable
At the end of the reporting period, the available-for-sale financial assets held by the Company for
measurement, of which the “Foton Automobile” of 72,250,000 shares and “Jiangsu Expressway”
of 50,000 shares.
VII. Investments in derivatives
□ Applicable √ Inapplicable
No such cases in the reporting period.
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VIII. Researches, visits and interviews received in the reporting period
√ Applicable □ Inapplicable
VIII. Researches, visits and interviews received in the reporting period
√ Applicable □ Inapplicable
Main discussion and
Way of
Time of reception Place of reception Visitor type Visitor materials provided by
reception
the Company
The Shenzhen Stock The future
Individual
26 Mar. 2015 Exchange Interaction Other Individual development of the
investor
Platform Company
The Shenzhen Stock The future
Individual
23 Mar. 2015 Exchange Interaction Other Individual development of the
investor
Platform Company
The Shenzhen Stock The future
Individual
22 Mar. 2015 Exchange Interaction Other Individual development of the
investor
Platform Company
The Shenzhen Stock Situation of the
Individual
16 Mar. 2015 Exchange Interaction Other Individual shareholders in the
investor
Platform Company
The Shenzhen Stock Situation of the
Individual
15 Mar. 2015 Exchange Interaction Other Individual network of the
investor
Platform Company
The Shenzhen Stock The future
Individual
12 Mar. 2015 Exchange Interaction Other Individual development of the
investor
Platform Company
The Shenzhen Stock The future
Individual
12 Mar. 2015 Exchange Interaction Other Individual development of the
investor
Platform Company
The Shenzhen Stock Situation of the
Individual
12 Mar. 2015 Exchange Interaction Other Individual Company’s new
investor
Platform independent directors
The Shenzhen Stock Situation of mixed
Individual
8 Mar. 2015 Exchange Interaction Other Individual ownership reform of
investor
Platform the Company
The Shenzhen Stock Situation of
Individual
1 Mar. 2015 Exchange Interaction Other Individual agricultural
investor
Platform informatization
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The Shenzhen Stock Situation of the
Individual
27 Feb. 2015 Exchange Interaction Other Individual Company’s oversea
investor
Platform co-operation
The Shenzhen Stock Situation of the
Individual
27 Feb. 2015 Exchange Interaction Other Individual Company’s oversea
investor
Platform co-operation
The Shenzhen Stock Situation of mixed
Individual
25 Feb. 2015 Exchange Interaction Other Individual ownership reform of
investor
Platform the Company
The Shenzhen Stock Relevant situation of
Individual
16 Feb. 2015 Exchange Interaction Other Individual the products of the
investor
Platform Company
The Shenzhen Stock Number of the
Individual
9 Feb. 2015 Exchange Interaction Other Individual shareholders in the
investor
Platform Company
The Shenzhen Stock Situation of
Individual
21 Jan. 2015 Exchange Interaction Other Individual state-owned enterprise
investor
Platform reform
The Shenzhen Stock
Individual Agricultural
19 Jan. 2015 Exchange Interaction Other Individual
investor Modernization
Platform
The Shenzhen Stock
Individual Trend of stock prices
14 Jan. 2015 Exchange Interaction Other Individual
investor of the Company
Platform
The Shenzhen Stock Situation of the
Individual
13 Jan. 2015 Exchange Interaction Other Individual shareholders in the
investor
Platform Company
The Shenzhen Stock Situation of the
Individual
12 Jan. 2015 Exchange Interaction Other Individual shareholders in the
investor
Platform Company
The Shenzhen Stock Situation of the
Individual
1 Jan. 2015 Exchange Interaction Other Individual shareholders in the
investor
Platform Company
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