2011 Third Quarter Report of
Chongqing Changan Automobile Company Limited
§1 Important Notes
1.1 The Board of Directors, the Supervisory Committee and directors, supervisors and senior management of
Chongqing Changan Automobile Company Limited (hereinafter referred to as “the Company”) warrant that this
report does not contain any false or misleading statements or omit any material facts and all information set forth
herein are true, accurate and complete.
1.2 None of the directors, supervisors, senior management demonstrated uncertainty or disagreement about
the truthfulness, accuracy, and completeness of this quarterly report.
1.3 Directors absent from the meeting
Name of the Director Reasons for the absence Name of the consignee
Zou Wenchao On Business
Zhu Huarong On Business
Ma Junpo On Business
1.4 The financial statements of this quarter have not been audited.
1.5 Chairman Mr. xv Liuping, General Manager Mr. Zhang Baolin, Chief Accountants Mr. Cui Yunjiang and
Mr. Hua ZhanBiao guarantee the truthfulness and completeness of the financial statements of the quarter report.
1.6 The report shall be presented in both Chinese and English, and should there be any conflicting
understanding of the text, the Chinese version shall prevail.
§2 Company Profile
2.1 Main accounting data and financial indicators
In RMB Yuan
2011.9.30 2010.12.31 Increase/decrease (%)
Gross Assets 33,363,644,596.47 30,456,426,127.88 9.55%
Owners’ equity attributable to
14,751,614,018.70 10,625,542,446.62 38.83%
shareholders of listed company
Share capital 4,834,482,546.00 2,325,657,615.00 107.88%
Net asset per share attributable to
3.05 4.57 -33.26%
shareholders of listed company
Changes of Changes of
Reporting Period on Reporting Period on
Jul-Sep. 2011 the same Period last Jan.-Sep. 2011 the same Period last
year （％） year （％）
operation total income 5,069,434,148.79 -18.59% 19,606,549,988.69 -14.21%
Net profit attributable to shareholders
-142,446,404.31 -140.40% 897,613,828.70 -47.79%
of listed company
Net cash flow from operating activities - - 1,392,284,403.16 -66.47%
Net cash flow from operating activities
- - 0.29 -83.87%
per share
Basic earnings per share -0.03 -137.50% 0.19 -47.22%
Diluted earning per share -0.03 -137.50% 0.19 -47.22%
Return rate on net assets -1.05% -4.55% 6.37% -11.25%
Return on equity after deducting
-1.05% -4.52% 5.75% -11.83%
non-recurring gains and losses
Items and amounts of extraordinary gains and losses
Non-recurring gain and loss items Amount
Profit and loss arising from the disposal of non-current assets 935,101.09
1
Government grants 90,636,112.51
The other 14,030,943.45
Non-recurring profit and loss effect on income tax -1,177,714.58
Net effect on the non-recurring profit and loss attributable to minority shareholders -17,492,330.54
Total 86,932,111.93
Reconciliation description under the PRC accounting standards and International Financial Reporting Standards
Sep30,2011 2011 Third
Accountant difference adjustment list Quarter
Net assets Net profits
Workout accountant according to the enterprise accounting rule and syatem under the
PRC 14,751,614,018.70 897,613,828.70
Adjustment of according to international accounting rules
Payment to currency shareholders of A share cash opposite price -71,284,065.00
Workout accountant according to the international finance report rules 14,680,329,953.70 897,613,828.70
2.2 Total number of shareholders at the end of the report period and statement on shares held by the
top ten tradable shareholders
Unit: share
Total shareholders number 274,088
Top ten shareholders of stock without limited sale
Name of shareholders Total number of shares
without condition of Share type
limited sale
CHINA CHANGAN AUTOMOBILE COMPANY LIMITED 1,721,459,138 Renminbi ordinary share
Agricultural Bank of China- Fullgoal Tianrui Strong Area Renminbi ordinary share
79,961,848
Hybrid Fund
Beijing North Jingji Investment Consultant CompanyLimited 73,800,000 Renminbi ordinary share
China South Industries Group Finance CompanyLimited 63,000,000 Renminbi ordinary share
PING AN TRUST CO., LTD. 36,000,000 Renminbi ordinary share
BONJOUR CHINA FUND 2 29,822,717 Foreign capital stock listed within China
JPMBLSA RE FTIF TEMPLETON CHINA FUND GTI 5497 29,338,596 Foreign capital stock listed within China
FTIF TEMPLETON BRIC FUND 25,296,552 Foreign capital stock listed within China
Bank Of China－E Fund SSE100ETF Fund 23,621,438 Renminbi ordinary share
East Sea Securities-Bank of Communications-Dongfeng 5
19,140,319 Renminbi ordinary share
collective assets management plan
§3 Important Matters
3.1 Significant changes in major accounting data, financial highlight and reason of these changes.
√Applicable □Not Applicable
NO Balance Sheet Items Sep. 30 2011 Jan. 1th 2011 Changes
1 Monetary fund 6,013,120,664.16 4,391,990,049.72 36.91%
2 Notes receivable 4,626,070,096.19 8,821,828,759.39 -47.56%
3 Account receivable 611,734,132.42 404,008,999.71 51.42%
4 Other account receivable 519,422,239.59 117,659,705.04 341.46%
2
5 Inventories 3,432,535,920.63 2,536,336,767.24 35.33%
6 Construction in process 3,547,226,930.70 1,997,902,631.46 77.55%
7 Intangible assets 1,317,474,139.22 922,184,553.37 42.86%
8 R&D expense 321,000,839.52 204,312,934.30 57.11%
9 Short-term loans 51,063,680.00 30,000,000.00 70.21%
10 Notes payable 7,676,973,683.96 4,887,600,348.93 57.07%
11 Account payable 5,132,555,034.13 7,666,813,508.07 -33.05%
12 Long-term borrowings 76,000,000.00 -100.00%
13 share capital 4,834,482,546.00 2,325,657,615.00 107.88%
14 Capital reserves 3,547,006,410.41 1,538,178,253.07 130.60%
Total of owner’s equity belong to the
15 14,751,614,018.70 10,625,542,446.62 38.83%
parent company
Income Statement Items Jan-Sep 2011 Jan-Sep 2010 Changes
16 Sales expense 1,496,214,104.15 2,443,426,050.52 -38.77%
17 Financial expenses -133,686,308.86 -19,573,059.14 -583.01%
18 Operational profit 825,140,807.81 1,700,988,014.73 -51.49%
19 Non business income 125,766,323.00 11,744,017.94 970.90%
20 Gross profit 931,143,351.97 1,700,682,312.79 -45.25%
Net profit attributable to the owners of
21 897,613,828.70 1,719,156,787.02 -47.79%
parent company
Cash Flow Statement Items Jan-Sep 2011 Jan-Sep 2010 Changes
Cash flow generated by business
22 1,392,284,403.16 4,152,627,442.06 -66.47%
operation, net
23 Net cash flow generated by investment -2,913,594,477.67 -588,375,720.22 -395.19%
24 Net cash flow generated by financing 3,143,180,010.05 -629,846,291.68 599.04%
25 Net increase of cash and cash equivalents 1,621,130,614.44 2,933,994,495.76 -44.75%
From January to September, 2011, the Company totally sold 1,257,154 vehicles, down 6.02% year-on-year. Among them 469,647
units are mini cars which dropped 24.95% year-on-year and 155,816 units are own-brand cars which with an increase of 18.03%.
By the end of reporting period, the total asset of Company is 33.364 billion Yuan, comparing with the beginning of this year, up
9.55%. Total liability is 18.667 billion Yuan, comparing with the beginning of this year, down 6.07%; liability rate is 55.95%,
comparing with the beginning of this year, down 9.30%.Monetary fund, capital surplus and owner’s equity increased comparing with
the beginning of this year due to 3.446 billion Yuan of raised fund through A share additional issuance; total equity increased
comparing with the beginning of this year due to additional issued shares and annual distribution of profits of 2010. The increase of
notes receivable, payables, receivables, inventories is mainly due to the decrease in the scale of mini-car sales; the increase of other
receivables is mainly due to advance payments of energy saving subsidies and expenses for acquisition of Baoding Changan bus; the
increase of projects in construction is mainly due to the investment for Yuzui base project and automotive proving ground project; the
increase of intangible assets comparing with the beginning of this year is mainly due to the land use right of automobile proving
ground project and lets of the transferring of Changan trademark; the increase of notes receivable than the beginning of the year is
mainly due to the proportion incensement of issuing payment acceptance; the change of short-term borrowings, long-term loans
omparing with the beginning of this year is mainly due to the structural adjustment of long and short term loans of Nanjing Changan.
From January to September, 2011, due to the decrease in sales of mini cars, marketing expenses, operation taxes and add-ons
sharply reduced. Significantly reduce of the financial cost is mainly attributable to the increase interest income from deposits of the
raised funds. An increase in operating income is mainly due to the increase of the government subsidies.
From January to September, 2011, the Company achieved 1.621 billion yuan in cash and cash equivalents, a decrease of 44.75%,
of which cash flow from operating activities net 1.392 billion yuan, 2.760 billion yuan more has been out flowed year-on-year, mainly
due to the drop of car sales volume and sales income; cash flow from investing activities net -2.914 billion yuan, 2.325 RMB billion
yuan more has been out flowed year-on-year, mainly due to new Yuzui base, Beijing Changan project investment and purchasing of
Changan trademark; net cash flow generated in financing activities is 3.143 billion yuan, mainly due to the raised money from the
additional share issuance at the beginning of this year.
3
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
□Applicable √Not Applicable
3.2.1Qualified opinion
□Applicable √Non-applicable
3.2.2Particular about fund offers to controlling shareholders and associated parties, and external guarantee that against the regulation.
□Applicable √Non-applicable
3.2.3Particular about signing and implementation on significant contracts of ordinary management
□Applicable √Non-applicable
3.2.4Others
√Applicable □Non-applicable
At president, the Company is planning and preparing the repurchase of B-share，the proceeding progress is uncertainty, the Company
will disclose the significant proceeding progress bulletin regularly，and normal transaction will be resumed till the corresponding
proceeding planning being published.
3.3 The fulfillment of the commitment made by the Company, shareholders and the actual controller
√Applicable □Not Applicable
commitm
Promisee Contents Fulfillments
ents
1. Comply with laws, regulations and rules, promises to
fulfill the statutory obligations. ⒉ The original Up to the end of reporting period, China
non-tradable shares can not be traded or transfered within Changan holds 2,094,817,480shares,
Share at least 24 months after getting tradable right; After the whose1,721,459,138 shares is unlimited
reform expiration of 24 months, non-tradable shares can be sold tradable shares, the remaining
commitmen Changan China through the Stock Exchange, the number of total shares in 207,421,301 shares are limited condition
t 12 months does not exceed five per cent of the company's sale shares, according to the share reform
total shares, and in 24 months does not exceed 10%.⒊ management commitment will be lifted
The Companywill implement management equity incentive after the implementation of equity
plan, according to state related managing regulation and incentive plans Restricted.
method after share reform.
According to the company's business
development needs, on February 28 of
To avoid possible future potential competition in the
2011, the 18th meeting of the fifth Board
industry, and support Changan Automobile development,
of Directors approved the acquisition of
South Group promises "Changan Automobile intend to acquire Baoding
Baoding Changan Bus and Changan
Changan Bus or Changan Kuayue, the Company agreed to
Kuayue’s equity (Announcement No. :
promote the transfer at fair prices."
2011-15). The related transfer work is
ongoing.
To improve the integrity of the company's assets and On April 14 of 2011, the 19th meeting of
Chongqing reduce the related party transactions, Changan industry on the fifth Board of Directors passed a bill
June 2, 2010 issued the commitment about changing on the trademark transfer contract
Changan
CHANGAN trademark to Chongqing Changan (Announcement No. :2011-20). The
Other Industrial Automobile Co., Ltd. It’s committed the Companyis the contract decided total amount of
commitmen (Group) Co., only transferee of related licensing trademark, and actively trademark transfer is 175 million Yuan.
t LTD. consulting trademark transfer. Currently, the related work of trademark
transfer has bee n completed.
To avoid possible competition with the industry and better
safeguard the interests of corporate investors, the
controlling shareholder of China's Changan promises: ⒈
in Jiangxi Changhe Automobile Co., Ltd. and Harbin Hafei
Automobile Industry Group Co., Ltd. are continuous two Performance conditions have not yet
Changan China years of profitability, with sustained development and reached.
management capacity has improved significantly in the
case, so it’s proposed the two companies into the
Company; ⒉ When Changan Peugeot Citroen
Automobile Co., Ltd. was completed and put into
operation, it’s proposed to transfer all the joint venture
4
equity to the Company.
3.4 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 report period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Not Applicable
3.5.Other significant events need to be explained
3.5.1Particular about security investment
□Applicable √Non-applicable
3.5.2 Interviews and visits in the reporting period
√Applicable □Not Applicable
Main content involved and material
Time/date Place Way Visitors
provided
2011.7.5 Grand Hyatt Shenzhen The award ceremony STCN The award ceremony
Meeting Room, Automotive Industry Development and
2011.7.13 On-Site Survey CLSA Asia-Pacific Markets
Changan Headquarters Company’s Business
Meeting Room, Automotive Industry Development and
2011.8.23 On-Site Survey CSC、AMC、Schroders、PAM
Changan Headquarters Company’s Business
Meeting Room, Automotive Industry Development and
2011.8.25 On-Site Survey Morgan Stanley
Changan Headquarters Company’s Business
Meeting Room, Automotive Industry Development and
2011.9.1 On-Site Survey Mitsubishi UFJ
Changan Headquarters Company’s Business
Meeting Room, Automotive Industry Development and
2011.9.13 On-Site Survey Okasan Securities
Changan Headquarters Company’s Business
Meeting Room, Automotive Industry Development and
2011.9.14 On-Site Survey Ping An Trust
Changan Headquarters Company’s Business
Meeting Room, Automotive Industry Development and
2011.9.19 On-Site Survey Daiwa Securities
Changan Headquarters Company’s Business
3.6 Derivative products investment
□Applicable √Not Applicable
3.6.1 Positions of derivatives held by the Company at period-end
□Applicable √Not Applicable
§4. Attachment
4.1 Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. Sep.30 2011 in RMB yuan
At the end of term Beginning of term
Items
Consolidated Parent company Consolidated Parent company
Current asset:
Monetary fund 6,013,120,664.16 4,166,491,586.31 4,391,990,049.72 3,087,748,588.31
Settlement provision
Outgoing call loan
Trading financial assets
Notes receivable 4,626,070,096.19 3,722,604,046.19 8,821,828,759.39 6,655,403,907.26
Account receivable 611,734,132.42 682,471,590.96 404,008,999.71 574,746,914.49
Prepayment 325,171,937.80 328,368,106.54 297,803,710.77 268,250,546.15
Insurance receivable
5
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable 450,030.00 450,030.00 450,030.00 450,030.00
Other account receivable 519,422,239.59 640,075,551.34 117,659,705.04 101,280,817.11
Repurchasing of financial assets
Inventories 3,432,535,920.63 2,265,586,675.98 2,536,336,767.24 1,624,101,164.89
Non-current asset due in 1 year
Other current asset 19,913.70 6,429,293.38
Total of current asset 15,528,524,934.49 11,806,047,587.32 16,576,507,315.25 12,311,981,968.21
Non-current assets
Loans and payment on other’s behalf disbursed
Disposable financial asset 174,305,000.00 174,305,000.00 176,967,500.00 176,967,500.00
Expired investment in possess
Long-term receivable
Long-term share equity investment 6,884,846,357.95 7,866,625,477.50 5,670,022,934.61 6,644,437,964.01
Property investment 60,835,732.01 62,762,382.76
Fixed assets 4,929,269,232.39 4,254,090,190.72 4,267,885,829.43 3,813,955,308.29
Construction in process 3,547,226,930.70 3,105,260,326.99 1,997,902,631.46 1,562,928,324.61
Engineering material 795,898.75 795,898.75 795,898.75 795,898.75
Fixed asset disposal 5,109,968.18 3,180.57
Production physical assets
Gas & petrol
Intangible assets 1,317,474,139.22 1,193,425,171.09 922,184,553.37 779,656,835.85
R&D expense 321,000,839.52 320,776,425.01 204,312,934.30 204,121,260.99
Goodwill 9,804,394.00 9,804,394.00
Long-term prepaid expenses 4,416,251.16 945,420.00 2,484,457.43 1,080,480.00
Differed income tax asset 466,496,937.10 312,453,075.95 434,792,115.95 262,939,586.62
Other non-current asset 113,537,981.00 113,537,981.00 130,000,000.00 130,000,000.00
Total of non-current assets 17,835,119,661.98 17,342,214,967.01 13,879,918,812.63 13,576,883,159.12
Total of assets 33,363,644,596.47 29,148,262,554.33 30,456,426,127.88 25,888,865,127.33
Current liabilities
Short-term loans 51,063,680.00 30,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 7,676,973,683.96 5,770,187,242.80 4,887,600,348.93 4,284,851,347.89
Account payable 5,132,555,034.13 3,293,152,345.89 7,666,813,508.07 4,848,629,265.23
Prepayment received 2,177,667,314.53 1,536,784,894.15 2,600,698,490.62 1,905,053,220.84
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 146,180,327.91 121,872,808.36 200,359,830.91 149,604,731.81
Tax payable -109,320,401.41 66,069,426.69 424,842,866.22 351,735,935.41
Interest payable 60,000.00 60,000.00
Dividend payable 79,742.80 79,742.80
6
Other account payable 758,885,146.36 625,098,595.26 1,117,041,448.96 766,343,334.06
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 50,000,000.00 50,000,000.00
Other current liability 1,489,211,870.67 744,729,789.15 1,541,945,721.07 857,611,927.80
Total of current liability 17,323,296,398.95 12,157,895,102.30 18,519,441,957.58 13,213,889,763.04
Non-current liabilities
Long-term borrowings 76,000,000.00
Bond payable
Long-term payable 18,104,406.58 18,104,406.58 19,167,000.00 19,167,000.00
Special payable 551,835,620.74 528,155,023.94 503,601,091.39 503,601,091.38
Expected liabilities 638,239,983.61 350,984,800.20 619,547,105.86 325,719,615.32
Differed income tax liability 22,713,750.00 22,713,750.00 23,113,125.00 23,113,125.00
Other non-recurring liabilities 111,973,000.00 91,970,000.00 111,973,000.00 91,970,000.00
Total of non-current liabilities 1,342,866,760.93 1,011,927,980.72 1,353,401,322.25 963,570,831.70
Total of liability 18,666,163,159.88 13,169,823,083.02 19,872,843,279.83 14,177,460,594.74
Owners’ equity (or shareholders’ equity)
Practical capital collected (or share capital) 4,834,482,546.00 4,834,482,546.00 2,325,657,615.00 2,325,657,615.00
Capital reserves 3,547,006,410.41 3,717,101,490.20 1,538,178,253.07 1,708,273,332.86
Less: Shares in stock
Special reserves
Surplus reserves 1,167,011,424.00 1,167,011,424.00 1,167,011,424.00 1,167,011,424.00
Common risk provision
Attributable profit 5,203,113,638.29 6,259,844,011.11 5,594,695,154.55 6,510,462,160.73
Different of foreign currency translation
Total of owner’s equity belong to the parent company 14,751,614,018.70 15,978,439,471.31 10,625,542,446.62 11,711,404,532.59
Minor shareholders’ equity -54,132,582.11 -41,959,598.57
Total of owners’ equity 14,697,481,436.59 15,978,439,471.31 10,583,582,848.05 11,711,404,532.59
Total of liabilities and owners’ equity 33,363,644,596.47 29,148,262,554.33 30,456,426,127.88 25,888,865,127.33
7
4.2 Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jul-Sep 2011 in RMB yuan
Current term Same period last year
Items
Consolidated Parent company Consolidated Parent company
I. Total business income 5,069,434,148.79 3,640,498,867.49 6,227,268,727.29 4,489,063,068.86
Incl. Business income 5,069,434,148.79 3,640,498,867.49 6,227,268,727.29 4,489,063,068.86
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 5,438,483,356.97 3,941,953,522.89 6,336,075,018.16 4,519,905,431.86
Incl. Business cost 4,521,082,267.17 3,098,764,261.37 5,214,035,160.88 3,797,517,771.26
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 108,766,882.57 77,221,787.54 113,383,487.14 78,732,294.10
Sales expense 479,634,638.80 307,462,504.02 632,447,388.70 337,025,230.78
Administrative expense 378,552,988.65 499,336,051.20 387,694,728.01 320,687,766.31
Financial expenses -49,553,420.22 -40,831,081.24 -19,007,328.47 -21,699,400.00
Asset impairment loss 7,521,581.90 7,641,769.41
Plus: Gains from change of fair value (“-“ for loss)
Investment gain (“-“ for loss) 180,175,242.71 180,175,242.71 435,051,903.23 429,722,921.88
Incl. Investment gains from affiliates 180,175,242.71 180,175,242.71 395,940,517.35 390,365,536.68
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) -188,873,965.47 -121,279,412.69 326,245,612.36 398,880,558.88
Plus: Non business income 6,405,337.36 3,533,223.03 4,160,044.91 1,868,431.23
Less: Non-business expenses 5,888,704.46 5,157,033.32 1,351,818.80 1,023,799.00
Incl. Loss from disposal of non-current assets 217,928.50 206,994.62
IV. Gross profit (“-“ for loss) -188,357,332.57 -122,903,222.98 329,053,838.47 399,725,191.11
Less: Income tax expenses -39,058,054.12 -42,028,982.41 -45,201,145.32 -50,865,312.77
V. Net profit (“-“ for net loss) -149,299,278.45 -80,874,240.57 374,254,983.79 450,590,503.88
Net profit attributable to the owners of parent company -142,446,404.31 -80,874,240.57 352,591,435.41 450,590,503.88
Minor shareholders’ equity -6,852,874.14 21,663,548.38
VI. Earnings per share:
(I) Basic earnings per share -0.03 0.08
(II) Diluted earnings per share -0.03 0.08
VII. Other misc. incomes -14,634,875.00 -14,634,875.00 23,509,715.95 23,509,715.95
VIII. Total of misc. incomes -163,934,153.45 -95,509,115.57 397,764,699.74 474,100,219.83
Total of misc. incomes attributable to the owners of
-157,081,279.31 -95,509,115.57 376,101,151.36 474,100,219.83
the parent company
Total misc gains attributable to the minor shareholders -6,852,874.14 21,663,548.38
8
4.3 Income Statement From Beginning of year to end of Reporting Period
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2011 in RMB yuan
Current term Same period last year
Items
Consolidated Parent company Consolidated Parent company
I. Total business income 19,606,549,988.69 14,709,219,982.07 22,854,723,660.07 15,731,567,689.61
Incl. Business income 19,606,549,988.69 14,709,219,982.07 22,854,723,660.07 15,731,567,689.61
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 20,002,232,604.22 14,952,539,137.36 22,596,847,031.95 15,383,629,128.34
Incl. Business cost 17,022,216,669.29 12,537,676,865.30 18,601,887,186.00 12,837,874,168.89
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 383,934,076.35 278,050,728.11 471,360,783.11 338,000,397.14
Sales expense 1,496,214,104.15 916,168,900.26 2,443,426,050.52 1,420,746,271.49
Administrative expense 1,227,607,584.44 1,339,513,266.93 1,109,310,077.37 864,081,104.23
Financial expenses -133,686,308.860 -124,817,102.090 -19,573,059.140 -57,610,895.010
Asset impairment loss 5,946,478.85 5,946,478.85 -9,564,005.910 -19,461,918.400
Plus: Gains from change of fair value (“-“ for loss) 4,563,744.00
Investment gain (“-“ for loss) 1,220,823,423.34 1,209,559,506.67 1,438,547,642.61 1,421,995,954.79
Incl. Investment gains from affiliates 1,214,823,423.34 1,214,823,423.34 1,371,034,966.50 1,365,459,985.83
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 825,140,807.81 966,240,351.38 1,700,988,014.73 1,769,934,516.06
Plus: Non business income 125,766,323.00 108,980,002.41 11,744,017.94 5,893,767.97
Less: Non-business expenses 19,763,778.84 16,453,276.63 12,049,719.88 7,533,538.05
Incl. Loss from disposal of non-current assets 1,876,910.14 10,552.97 3,268,771.70
IV. Gross profit (“-“ for loss) 931,143,351.97 1,058,767,077.16 1,700,682,312.79 1,768,294,745.98
Less: Income tax expenses 45,702,506.81 20,189,881.82 -22,550,229.290 -41,747,593.690
V. Net profit (“-“ for net loss) 885,440,845.16 1,038,577,195.34 1,723,232,542.08 1,810,042,339.67
Net profit attributable to the owners of parent company 897,613,828.70 1,038,577,195.34 1,719,156,787.02 1,810,042,339.67
Minor shareholders’ equity -12,172,983.540 4,075,755.06
VI. Earnings per share:
(I) Basic earnings per share 0.19 0.36
(II) Diluted earnings per share 0.19 0.36
VII. Other misc. incomes -2,263,125.00 -2,263,125.00 -52,353,625.00 -52,353,625.00
VIII. Total of misc. incomes 883,177,720.16 1,036,314,070.34 1,670,878,917.08 1,757,688,714.67
Total of misc. incomes attributable to the owners of
895,350,703.70 1,036,314,070.34 1,666,803,162.02 1,757,688,714.67
the parent company
Total misc gains attributable to the minor shareholders -12,172,983.54 4,075,755.06
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4.4 Cash Flow Statement from the beginning of year to the end of report term.
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2011 in RMB yuan
Current term Same period last year
Items
Consolidated Parent company Consolidated Parent company
I. Net cash flow from business operation
Cash received from sales of products and providing of
19,774,851,606.89 16,691,003,295.30 18,349,010,085.11 16,227,943,375.95
services
Net increase of customer deposits and capital kept for
brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial
bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Net increase of trade financial asset disposal
Cash received as interest, processing fee, and
commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 96,649,119.69 39,404,000.00 37,167,169.09
Other cash received from business operation 484,754,029.78 300,238,070.15 261,197,369.24 126,563,363.61
Sub-total of cash inflow from business activities 20,356,254,756.36 17,030,645,365.45 18,647,374,623.44 16,354,506,739.56
Cash paid for purchasing of merchandise and services 13,791,736,816.63 12,255,830,185.20 9,925,862,272.93 9,066,309,136.38
Net increase of client trade and advance
Net increase of savings in central bank and brother
company
Cash paid for original contract claim
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 1,395,226,391.94 1,070,896,875.33 1,007,038,022.06 781,161,178.31
Taxes paid 1,149,393,602.10 811,044,289.90 1,441,686,650.24 993,348,543.90
Other cash paid for business activities 2,627,613,542.53 2,274,896,071.03 2,120,160,236.15 1,870,206,682.83
Sub-total of cash outflow from business activities 18,963,970,353.20 16,412,667,421.46 14,494,747,181.38 12,711,025,541.42
Cash flow generated by business operation, net 1,392,284,403.16 617,977,943.99 4,152,627,442.06 3,643,481,198.14
II. Cash flow generated by investing
Cash received from investment retrieving 68,954,825.00 61,994,825.00
Cash received as investment gains 6,000,000.00 6,000,000.00 832,868,390.91 832,155,290.91
Net cash retrieved from disposal of fixed assets,
4,442,856.66 697,875.23 15,996,432.11 10,839,935.84
intangible assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 472,717,494.00 462,604,170.00
Sub-total of cash inflow due to investment activities 483,160,350.66 469,302,045.23 917,819,648.02 904,990,051.75
Cash paid for construction of fixed assets, intangible
2,699,537,273.33 2,518,538,172.05 1,172,605,208.24 972,371,332.33
assets and other long-term assets
Cash paid as investment 207,961,355.00 209,279,075.00 333,590,160.00 282,990,160.00
Net increase of loan against pledge
Net cash received from subsidiaries and other
operational units
Other cash paid for investment activities 489,256,200.00 489,256,200.00
Sub-total of cash outflow due to investment activities 3,396,754,828.33 3,217,073,447.05 1,506,195,368.24 1,255,361,492.33
10
Net cash flow generated by investment -2,913,594,477.67 -2,747,771,401.82 -588,375,720.22 -350,371,440.58
III. Cash flow generated by financing
Cash received as investment 3,453,885,759.63 3,445,586,919.48
Incl. Cash received as investment from minor
shareholders
Cash received as loans 520,046,880.00 488,983,200.00 616,774,858.73
Cash received from bond placing
Other financing-related cash received 6,223,532.28 1,933,678.86 2,355,897.72 44,155.76
Subtotal of cash inflow from financing activities 3,980,156,171.91 3,936,503,798.34 619,130,756.45 44,155.76
Cash to repay debts 616,558,000.00 510,558,000.00 1,065,375,951.00 339,000,000.00
Cash paid as dividend, profit, or interests 216,805,168.85 215,407,248.08 177,499,955.28 162,517,456.59
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 3,612,993.01 2,002,094.43 6,101,141.85 78,284.65
Subtotal of cash outflow due to financing activities 836,976,161.86 727,967,342.51 1,248,977,048.13 501,595,741.24
Net cash flow generated by financing 3,143,180,010.05 3,208,536,455.83 -629,846,291.68 -501,551,585.48
IV. Influence of exchange rate alternation on cash and
-739,321.10 -410,934.40
cash equivalents
V. Net increase of cash and cash equivalents 1,621,130,614.44 1,078,742,998.00 2,933,994,495.76 2,791,558,172.08
Plus: Balance of cash and cash equivalents at the
4,391,990,049.72 3,087,748,588.31 3,658,380,928.50 1,973,263,003.71
beginning of term
VI. Balance of cash and cash equivalents at the end of
6,013,120,664.16 4,166,491,586.31 6,592,375,424.26 4,764,821,175.79
term
4.4 Auditors’Report Auditing Opinion: Unaudited
11
