2012Third 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
Xv Liuping On Business
Zhu Huarong 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
2012.9.30 2011.12.31 Increase/decrease (%)
Gross Assets 39,937,459,511.46 36,532,118,115.54 9.32%
Owners’ equity attributable to
14,851,947,559.07 14,739,231,462.02 0.76%
shareholders of listed company
Share capital 4,662,886,108.00 4,834,482,546.00 -3.55%
Net asset per share attributable to
3.19 3.05 4.59%
shareholders of listed company
Changes of Changes of
Reporting Period on Reporting Period on
Jul-Sep. 2012 the same Period last Jan.-Sep. 2012 the same Period last
year （％） year （％）
operation total income 6,177,156,765.94 21.85% 20,221,387,319.78 3.14%
Net profit attributable to shareholders
185,075,400.86 229.93% 755,104,840.81 -15.88%
of listed company
Net cash flow from operating activities -- -- 795,948,990.40 -42.83%
Net cash flow from operating activities
-- -- 0.17 -40.73%
per share
Basic earnings per share 0.04 233.33% 0.16 -15.79%
Diluted earning per share 0.04 233.33% 0.16 -15.79%
Return rate on net assets 0.86% 1.91% 3.46% -2.91%
Return on equity after deducting
0.31% 1.36% 2.36% -3.39%
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 -1,799,567.95
1
Government grants 212,649,880.48
Other non-operating incomes and expenses besides the items above 25,997,453.68
Non-recurring profit and loss effect on income tax 1,412,065.36
Net effect on the non-recurring profit and loss attributable to minority shareholders 1,430,397.51
Total 239,690,229.08
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 205,595
Top ten shareholders of stock without limited sale
Total number of shares Type and number of shares
Name of shareholders without condition of limited
sale Share type number
CHINA CHANGAN AUTOMOBILE COMPANY Renminbi ordinary
1,721,459,138 1,721,459,138
LIMITED share
Foreign capital stock
ZhongHui Fortis Investment Co., Ltd 82,849,911 82,849,911
listed within China
Beijing North Jingji Investment Consultant Renminbi ordinary
73,800,000 73,800,000
CompanyLimited share
China South Industries Group Finance Renminbi ordinary
63,000,000 63,000,000
CompanyLimited share
Agricultural Bank of China- Fullgoal Tianrui Strong Renminbi ordinary
50,385,352 50,385,352
Area Hybrid Fund share
Foreign capital stock
BONJOUR CHINA FUND 2 29,822,717 29,822,717
listed within China
Renminbi ordinary
Bank Of China－E Fund SSE100ETF Fund 27,204,816 27,204,816
share
Industrial and Commercial Bank of Chin－securities Renminbi ordinary
investment fund 25,915,682 share 25,915,682
of Chinese bank sustained growth stock type
China Construction Bank ---- Prosperity Fund of Renminbi ordinary
25,243,672 25,243,672
CHINAAMC share
Renminbi ordinary
Growth F und of CHINAAMC 24,718,925 24,718,925
share
Among the largest ten share holders, CHINA CHANGAN
AUTOMOBILE COMPANY LIMITED, Beijing North Jingji Investment
Consultant Company Limited and China South Industries Group Finance
Explanation on the relationship and the action alike of
CompanyLimited are controlled by one final controlling shareholder
above shareholders
China South Industrries Group, who agreed to act alike as stipulated in
Administrative Measures on Information Disclosure Concerning Changes
in Shareholdings of Listed Companies.
§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 2012 Jan. 1th 2012 Changes
1 Accounts receivable 686,091,192.39 505,707,438.05 35.67%
2 Prepayments 493,382,683.71 320,623,972.68 53.88%
2
3 Construction in progress 5,403,279,221.42 2,795,536,908.98 93.28%
4 Long-term deferred expenses 21,791,071.95 2,069,156.74 953.14%
5 Interest payables 48,011,398.48 1,485,285.83 3132.47%
6 Long-term loans 110,000,000.00 0
7 Bonds payable 1,960,410,400.00 0
Cash Flow Statement Items Jan-Sep 2012 Jan-Sep 2011 Changes
8 General and administrative expenses 1,618,021,968.83 1,227,607,584.44 31.80%
9 Financial expenses 9,598,248.77 -133,686,308.86 107.18%
10 Operating profit 394,921,832.76 825,140,807.81 -52.14%
11 Non-operating income 243,486,124.17 125,766,323.00 93.60%
12 Total profit 631,769,598.97 931,143,351.97 -32.15%
13 Income tax expense -94,661,873.35 45,702,506.81 -307.13%
Cash Flow Statement Items Jan-Sep 2012 Jan-Sep 2011 Changes
Cash flow generated by business
14 795,948,990.40 1,392,284,403.16 -42.83%
operation, net
15 Net cash flow generated by investment -3,442,903,892.86 -2,913,594,477.67 -18.17%
16 Net cash flow generated by financing 1,245,667,849.54 3,143,180,010.05 -60.37%
Net increase of cash and cash
17 -1,400,455,236.48 1,621,130,614.44 -186.39%
equivalents
Up to the end of the reporting period, the company has a total asset of RMB 39.9 billion yuan, up by 9.32% compared with the
beginning of the year; total debt of RMB 25.2 billion, up by 15.18% compared with the beginning of the year; asset-liability ratio of
63.11%, up by 3.21% compared with the beginning of the year. During this reporting period, the company’s mini vehicle and
indigenous brand product structure has been greatly optimized, with HONOR and EADO and other new products rising continuously
in sales proportion, and overall gross profit margin rising. In terms of indigenous brand passenger vehicles, apart from EADO, Alsvin
V3, and Alsvin V5 which have been launched this year, it is expected to launch a high-end indigenous braend passenger car RAETON
and an SUV CS35, with product range improved and structure further optimized; in terms of mini vehicles, in the first half of the year
the company has launched a new model HONOR with great market response, and also Hebei Changan will launch updated STAR
within this year.
In the balance sheet, accounts receivable increased compared with year beginning because of higher proportion of high value
products in product mix of the company; prepayment increased compared with year beginning because of raw material prepayment;
projects in construction increased compared with year beginning because of investment in building Yuzui Base, Dianjiang proving
ground and Beijing Changan passenger vehicle project; long term deferred expenses increased compared with year beginning because
of higher amortization for tooling expenses of Baoding Changan Bus Co.; interests payable increased compared with year beginning
because of higher interest expenses for corporate bond issuance; long term borrowing changed compared with year beginning because
Nanjing Changan adjusted long and short term borrowing structure; bonds payable changed compared with year beginning because of
issuance of corporate bonds in the first half of the year.
During the reporting period, the administrative expenses increased year on year because of employee salary rise as a result of
company expansion; sharp rise of financial expenses is due mainly to coping with bond acrrued interest and bank account interest
income drop; sharp drop of business profit and total profit is mainly due to sales volume drop, expenses increase and JV investment
gain reduction; year-on-year increase of non-operating revenue is mainly due to increase of government subsidies on R&D projects;
year-on-year drop of income tax expense is due to parent company loss and confirmation of deferred income tax assets within the
reporting period.
From January to September of 2012, company has realized net increase of cash and cash equivalent of RMB-1.4billion yuan,
down by 186.39% year on year. Among them, net cash flow incurred from business operations is RMB 796 million yuan, RMB 596
million yuan higher year on year, mainly due to drop of received cash from car sales year on year; net cash flow from investment is
RMB-3.443 billion yuan, RMB 470 million higher year on year, mainly due to investment in engine project of Yuzui base, proving
ground and Beijing Changan passenger vehicle project; net cash flow from funding is RMB 1.246 billion yuan, RMB 1.897 billion
yuan lower year on year, mainly due to the fact that the company’s funding from last year’s increased issuance of stocks was higher
than the funding from this period’s corporate bond issuance.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
□Applicable √Not Applicable
3
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
3.3 The fulfillment of the commitment made by the Company, shareholders and the actual controller
√Applicable □Not Applicable
The
Commitment Item Item Action
promise
1.Will abide by the laws, regulations and rules,
By the end of reporting term,
to perform the legal obligations.2. Held by the
Limited conditions of the sale
original non-tradable shares from obtaining the
of shares of the company held
right to list and trade date, At least 24 months is
by the shareholders of China
not publicly traded or transferred, The 24
Changan 2094817480 shares,
months after the expiration of the term of,
The 1721459138 conditions
Non-tradable shareholders stock exchange
for the unlimited sale of
China through the sale of shares, The sale of shares of
The commitments of stock reform Changan the company accounted for the proportion of the
shares, The remaining
373358342 shares for the
total number of within 12 months and not more
limited conditions of the sale
than five percent, In 24 months of no more than
of shares, According to the
ten percent,3. Company in the shares changed
commitments to the
after the completion of According to the
management equity incentive
national related management systems and
plan implemented after the
methods for implementing the management
lifting of restrictions on sale.
equity incentive plan
In order to avoid and eventually solve the
possible competition or potential competitors,
Better maintain the interests of investors, the
company controlling shareholder China
Changan commitment:1 In two consecutive
years profit of Jiangxi Changhe Auto.CO.Ltd
and Harbin Hf Automobile Industry Group Co,
Other small shareholders China
With the continuous development ability and Yet to fulfill the conditions
commitment Changan
management level is improved significantly
under the condition of, Proposed that two
enterprises into the company,2. ]In Changan
Peugeot Citroen Automobile Company Limited
built and put into operation, Proposal will hold
its joint venture company equity in all
transferred 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
3.5.2Investments in derivatives
□Applicable √Non-applicable
3.5.3Derivative investments held at the period-end
4
□Applicable √Not Applicable
3.5.4 Interviews and visits in the reporting period
√Applicable □Not Applicable
Main content involved and
Time/date Place Way Visitor type Visitors
material provided
2012.07.03 Grand Hyatt Shenzhen Field research Institution Minsheng Securities The award ceremony
Meeting Room, Automotive Industry
TX Investment Consulting
2012.07.18 Field research Institution Development and Company’s
Changan Headquarters Co.Ltd.、Harvest Fund
Business
Meeting Room, Automotive Industry
2012.07.19 Field research Institution CSC Development and Company’s
Changan Headquarters Business
Guotai Junan Securities、
Meeting Room, Automotive Industry
Wanjia Asset Management
2012.07.20 Field research Institution Development and Company’s
Changan Headquarters Co.Ltd.、Sinolink Securities、
Business
SMC、Southwest Securities
Meeting Room, Automotive Industry
Mirae Asset、Bank of
2012.07.25 Field research Institution Development and Company’s
Changan Headquarters America Business
CITIC Securities、Cephei
Investments、AXA SPDB
Investment Managers、China
Taiping、HSHD-asset、
Meeting Room, Automotive Industry
2012.07.27 Field research Institution Elegant Investment、 Development and Company’s
Changan Headquarters First-Trust Fund Business
Management、AIA、Zexi
Investment、Manulife Teda
Fund Management、
Greenwoods Asset
Meeting Room, Automotive Industry
2012.08.15 Field research Institution Hua An Fund Development and Company’s
Changan Headquarters Business
Meeting Room, Automotive Industry
Conference
2012.08.31 Institution Orient Securities Development and Company’s
Changan Headquarters call Business
Meeting Room, Automotive Industry
China Life Asset
2012.09.05 Field research Institution Development and Company’s
Changan Headquarters Management Co., Ltd. Business
Huatai Securities, Qilu
Meeting Room, Securities, Fidelity Fund, the Automotive Industry
2012.09.24 Field research Institution Chamber Foundation, Development and Company’s
Changan Headquarters Dacheng Fund, Great Wall Business
Fund, Celestica Fund
3.5.5 Corporate bonds issued
Any corporate bonds issued?
□ Yes √ No
§4. Attachment
Consolidated statements or not?
√ Yes □ No □ Inapplicable
The currency unit for data of the financial statements below is RMB Yuan unless otherwise specified.
5
1、Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. Sep. 30 2012 in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 3,470,744,570.29 4,871,199,806.77
Deposit Reservation for Balance
Funds loaned to other financial institutions
Financial assets held for trading 1,525,799.63
Notes receivable 5,847,746,297.40 5,691,518,013.21
Accounts receivable 686,091,192.39 505,707,438.05
Prepayments 493,382,683.71 320,623,972.68
Premiums receivable
Reinsurance receivable
Reinsurance reserve receivable
Interest receivable
Dividend receivable 450,030.00 450,030.00
Other receivables 163,762,775.48 117,398,622.23
Reverse repurchase agreements
Inventories 4,416,708,794.48 4,143,618,347.47
Non-current assets within one year 0
Other current assets 223,880.47 7,463,166.98
Total current assets 15,079,110,224.22 15,659,505,197.02
Non-current assets:
Entrustment loans and advances
Available-for-sale financial assets 228,011,540.00 225,129,480.00
Held-to-maturity investments 0
Long-term receivables 0
Long-term equity investments 8,415,682,068.32 7,407,367,574.54
Investment properties 59,414,675.80 61,350,378.25
Fixed assets 7,701,923,331.77 7,542,137,587.89
Construction in progress 5,403,279,221.42 2,795,536,908.98
Construction materials 795,898.75 795,898.75
Liquidation of fixed assets 5,114,011.90 17,688.00
Productive biological assets
Oil and gas asset
Intangible assets 1,936,242,666.13 1,822,099,425.28
Development expenditure 417,840,690.66 426,379,528.16
Goodwill 9,804,394.00 9,804,394.00
Long-term deferred expenses 21,791,071.95 2,069,156.74
Deferred tax assets 658,449,716.54 579,924,897.93
Other non-current assets 0
Total non-current assets 24,858,349,287.24 20,872,612,918.52
TOTAL ASSETS 39,937,459,511.46 36,532,118,115.54
Current liabilities:
Short-term loans 901,361,702.24 976,890,000.00
Due to The People’s Bank of China
6
Placements of deposits from other financial institutions
Funds borrowed from other financial institutions
Financial liabilities held for trading 0
Notes payable 7,856,519,915.77 6,671,345,457.57
Accounts payable 5,934,196,068.60 5,946,877,115.16
Advances from customers 2,760,346,829.10 3,105,626,115.15
Repurchase agreements
Commission payable
Payroll payable 316,962,568.76 278,808,694.00
Taxes payable -282,660,611.69 -189,619,697.33
Interest payables 48,011,398.48 1,485,285.83
Dividend payables 79,742.80 79,742.80
Other payables 1,620,474,652.22 1,677,747,135.32
Reinsurance payable
Reinsurance reserve payable
Commission of security trading
Commission of underwriting
Non-current liabilities within one year
Other current liabilities 1,657,794,413.32 1,294,435,509.96
Total current liabilities 20,813,086,679.60 19,763,675,358.46
Non-current liabilities:
Long-term loans 110,000,000.00 0
Bonds payable 1,960,410,400.00 0
Long-term payables
Special payables 136,112,534.20 113,474,486.52
Provisions 590,824,730.82 589,154,705.34
Deferred tax liabilities 37,033,820.76 37,079,227.06
Other non-current liabilities 1,557,322,844.52 1,380,108,565.16
Total non-current liabilities 4,391,704,330.30 2,119,816,984.08
Total liabilities 25,204,791,009.90 21,883,492,342.54
Owners’ equity(or shareholders’ equity)
Paid up capital (or Share capital) 4,662,886,108.00 4,834,482,546.00
Capital reserves 3,103,091,770.42 3,406,243,605.93
Less: Treasury shares
Special reserves
Surplus reserves 1,279,333,001.49 1,279,333,001.49
General reserve
Retained earnings 5,806,636,679.16 5,238,240,172.61
Foreign currency reserve -19,067,864.01
Equity attributable to owners 14,851,947,559.07 14,739,231,462.02
Minority interests -119,279,057.51 -90,605,689.02
Total Owners’ equity (or Shareholders’ equity) 14,732,668,501.56 14,648,625,773.00
TOTAL LIABILITIES AND OWNERS ’ EQUITY( OR
39,937,459,511.46 36,532,118,115.54
SHAREHOLDERS’ EQUITY)
7
2、Balance Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. Sep. 30 2012 in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 2,254,672,731.35 3,748,480,642.89
Financial assets held for trading
Notes receivable 4,889,425,225.90 4,629,815,917.34
Accounts receivable 1,224,815,881.40 709,962,322.23
Prepayments 417,666,825.22 275,607,524.99
Interest receivable
Dividend receivable 450,030.00 450,030.00
Other receivables 181,579,758.05 155,166,949.83
Inventories 2,829,569,425.95 2,509,720,521.60
Non-current assets within one year 0
Other current assets 202,512.47 0
Total current assets 11,798,382,390.34 12,029,203,908.88
Non-current assets:
Available-for-sale financial assets 169,512,500.00 143,420,000.00
Held-to-maturity investments 0
Long-term receivables 0
Long-term equity investments 9,707,369,481.05 8,699,054,987.27
Investment properties 0
Fixed assets 6,515,179,894.32 6,411,720,208.04
Construction in progress 4,974,425,134.14 2,521,725,163.27
Construction materials 795,898.75 795,898.75
Liquidation of fixed assets 0
Productive biological assets
Oil and gas asset
Intangible assets 1,820,147,302.14 1,677,524,545.00
Development expenditure 408,539,329.38 426,140,086.24
Goodwill 0
Long-term deferred expenses 765,340.00 900,400.00
Deferred tax assets 546,793,890.94 441,652,853.36
Other non-current assets 0
Total non-current assets 24,143,528,770.72 20,322,934,141.93
TOTAL ASSETS 35,941,911,161.06 32,352,138,050.81
Current liabilities:
Short-term loans 831,361,702.24 896,890,000.00
Financial liabilities held for trading 0.00
Notes payable 6,270,833,724.10 5,330,352,103.56
Accounts payable 4,142,154,852.55 4,001,734,598.60
Advances from customers 2,064,458,461.20 2,186,573,040.05
Payroll payable 280,926,906.60 222,376,277.25
Taxes payable -62,455,812.46 5,941,651.42
Interest payable 48,014,560.00 1,485,285.83
Dividend payable 0
8
Other payables 1,216,780,209.42 1,326,244,785.79
Non-current liabilities within one year 0
Other current liabilities 1,107,837,331.93 727,112,996.22
Total current liabilities 15,899,911,935.58 14,698,710,738.72
Non-current liabilities:
Long-term loans 0
Bonds payable 1,960,410,400.00 0
Long-term payables
Special payables 74,466,776.63 76,030,162.60
Provisions 330,657,780.92 269,786,181.12
Deferred tax liabilities 21,994,875.00 18,081,000.00
Other non-current liabilities 1,461,244,719.82 1,279,411,554.31
Total non-current liabilities 3,848,774,552.37 1,643,308,898.03
Total liabilities 19,748,686,487.95 16,342,019,636.75
Owners’ equity (or Shareholders’ equity):
Paid up capital (or Share capital) 4,662,886,108.00 4,834,482,546.00
Capital reserves 3,360,990,017.87 3,664,141,853.38
Less: Treasury shares 0
Special reserves
Surplus reserves 1,279,333,001.49 1,279,333,001.49
General reserve
Retained earnings 6,890,015,545.75 6,232,161,013.19
Foreign currency reserve
Equity attributable to owners 16,193,224,673.11 16,010,118,414.06
TOTAL LIABILITIES AND OWNERS’ EQUITY( OR
SHAREHOLDERS’ EQUITY) 35,941,911,161.06 32,352,138,050.81
3、Consolidated Income Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jul-Sep 2012 in RMB yuan
Account Current Period Prior Period
I. Total operating revenue 6,177,156,765.94 5,069,434,148.79
Including: operating revenue 6,177,156,765.94 5,069,434,148.79
Interest income
Earned premium
Fee and commission income
II. Total operating cost 6,451,399,545.34 5,438,483,356.97
Including: Operating cost 5,039,812,793.79 4,521,082,267.17
Interest expenses
Fee and commission expenses
Surrender value
Compensation expenses
Net insurance contract reserve
Policy dividend expenses
Reinsurance expenses
Business tax and surcharges 159,885,811.73 108,766,882.57
Operating expenses 566,077,683.47 479,634,638.80
9
General and administrative expenses 667,111,584.18 378,552,988.65
Financial expenses 18,511,672.17 -49,553,420.22
Impairment loss on assets
Add: Profit and loss from fair value changes (‘-‘ represent
loss)
Investment income (‘-‘ represent loss) 283,392,021.05 180,175,242.71
Including: Investment income from associates and
from joint venture 277,392,021.05 180,175,242.71
Net foreign exchange differences(‘-’ means loss)
III. Operating profit (‘-’ represent loss) 9,149,241.65 -188,873,965.47
Add: Non-operating income 117,344,626.59 6,405,337.36
Less: Non-operating expenses 2,630,360.51 5,888,704.46
Including: loss on disposal of non-current assets 904,598.36 217,928.50
IV. Total profit(‘-’ represent loss) 123,863,507.73 -188,357,332.57
Less: Income tax expense -51,800,863.46 -39,058,054.12
V. Net profit (‘-’ represent net loss) 175,664,371.19 -149,299,278.45
Including: The net profit of the combined parties before
business combination
Net profit attributable to owners 185,075,400.86 -142,446,404.31
Minority interests -9,411,029.67 -6,852,874.14
VI. Earnings per share: -- --
I) Basic earnings per share 0.04 -0.03
II) Diluted earnings per share 0.04 -0.03
VII. Other comprehensive income -34,357,510.00 -14,634,875.00
VIII. Total comprehensive income 141,306,861.19 -163,934,153.45
Total comprehensive income attributable to owners 150,717,890.86 -157,081,279.31
Total comprehensive income attributable to minority interest -9,411,029.67 -6,852,874.14
4、Income Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jul-Sep 2012 in RMB yuan
Account Current Period Prior Perid
I. Operating revenue 5,272,270,523.10 3,640,498,867.49
Less: Operating cost 4,211,112,410.71 3,098,764,261.37
Business tax and surcharges 133,395,232.18 77,221,787.54
Operating expenses 431,292,548.87 307,462,504.02
General and administrative expenses 621,366,279.33 499,336,051.20
Financial expenses 21,358,871.61 -40,831,081.24
Impairment loss on assets
Add: Profit and loss from fair value Changes (‘-’ represent
loss)
Investment income (‘-’ represent loss) 283,392,021.05 180,175,242.71
Including: Investment income from associates and
from joint venture 277,392,021.05 180,175,242.71
II. Operating profit (‘-’ represent loss) 137,137,201.45 -121,279,412.69
Add: Non-operating income 114,196,900.34 3,533,223.03
Less: Non-operating expenses 1,618,949.59 5,157,033.32
Including: loss on disposal of non-current assets 805,817.79
10
III. Total profit(‘-’ represent loss) 249,715,152.20 -122,903,222.98
Less: Non-operating expenses -59,636,403.39 -42,028,982.41
IV. Net profit (‘-’ represent net loss) 309,351,555.59 -80,874,240.57
V. Earnings per share: -- --
I) Basic earnings per share 0.06112449 -0.005173039
II) Diluted earnings per share 0.06112449 -0.005173039
VI. Other comprehensive income -26,554,000.00 -14,634,875.00
VII. Total comprehensive income 282,797,555.59 -95,509,115.57
5、Consolidated Income Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2012 in RMB yuan
Account Current Period Prior Period
I. Total operating revenue 20,221,387,319.78 19,606,549,988.69
Including: operating revenue 20,221,387,319.78 19,606,549,988.69
Interest income
Earned premium
Fee and commission income
II. Total operating cost 20,841,073,181.17 20,002,232,604.22
Including: Operating cost 16,863,063,104.97 17,022,216,669.29
Interest expenses
Fee and commission expenses
Surrender value
Compensation expenses
Net insurance contract reserve
Policy dividend expenses
Reinsurance expenses
Business tax and surcharges 497,057,985.18 383,934,076.35
Operating expenses 1,862,322,470.92 1,496,214,104.15
General and administrative expenses 1,618,021,968.83 1,227,607,584.44
Financial expenses 9,598,248.77 -133,686,308.86
Impairment loss on assets -8,990,597.50 5,946,478.85
Add: Profit and loss from fair value changes (‘-‘ represent
loss) -1,525,799.63
Investment income (‘-‘ represent loss) 1,016,133,493.78 1,220,823,423.34
Including: Investment income from associates and
from joint venture 1,008,314,493.78 1,214,823,423.34
Net foreign exchange differences(‘-’ means loss)
III. Operating profit (‘-’ represent loss) 394,921,832.76 825,140,807.81
Add: Non-operating income 243,486,124.17 125,766,323.00
Less: Non-operating expenses 6,638,357.96 19,763,778.84
Including: loss on disposal of non-current assets 2,700,078.27 1,876,910.14
IV. Total profit(‘-’ represent loss) 631,769,598.97 931,143,351.97
Less: Income tax expense -94,661,873.35 45,702,506.81
V. Net profit (‘-’ represent net loss) 726,431,472.32 885,440,845.16
Including: The net profit of the combined parties before
business combination
Net profit attributable to owners 755,104,840.81 897,613,828.70
11
Minority interests -28,673,368.49 -12,172,983.54
VI. Earnings per share: -- --
I) Basic earnings per share 0.16 0.19
II) Diluted earnings per share 0.16 0.19
VII. Other comprehensive income 4,770,795.00 -2,263,125.00
VIII. Total comprehensive income 731,202,267.32 883,177,720.16
Total comprehensive income attributable to owners 759,875,635.81 895,350,703.70
Total comprehensive income attributable to minority interest -28,673,368.49 -12,172,983.54
6、Income Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2012 in RMB yuan
Account Current Period Prior Perid
I. Operating revenue 15,467,417,149.64 14,709,219,982.07
Less: Operating cost 12,634,180,979.98 12,537,676,865.30
Business tax and surcharges 395,980,145.40 278,050,728.11
Operating expenses 1,336,713,661.98 916,168,900.26
General and administrative expenses 1,598,837,634.05 1,339,513,266.93
Financial expenses 19,217,393.06 -124,817,102.09
Impairment loss on assets -8,990,597.50 5,946,478.85
Add: Profit and loss from fair value Changes (‘-’ represent
loss)
Investment income (‘-’ represent loss) 1,014,314,493.78 1,209,559,506.67
Including: Investment income from associates and
from joint venture 1,008,314,493.78 1,214,823,423.34
II. Operating profit (‘-’ represent loss) 505,792,426.45 966,240,351.38
Add: Non-operating income 227,771,848.32 108,980,002.41
Less: Non-operating expenses 3,058,205.45 16,453,276.63
Including: loss on disposal of non-current assets 1,190,127.82 10,552.97
III. Total profit(‘-’ represent loss) 730,506,069.32 1,058,767,077.16
Less: Non-operating expenses -114,056,797.50 20,189,881.82
IV. Net profit (‘-’ represent net loss) 844,562,866.82 1,038,577,195.34
V. Earnings per share: -- --
I) Basic earnings per share 0.18112449 0.214826961
II) Diluted earnings per share 0.18112449 0.214826961
VI. Other comprehensive income 22,178,625.00 -2,263,125.00
VII. Total comprehensive income 866,741,491.82 1,036,314,070.34
7、Consolidated cash flow statement
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2012 in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 18,569,538,792.16 19,774,851,606.89
Net increase in customer deposits and placements of deposits
from other financial institutions
Net increase in amounts due to the Central Bank
Net decrease in funds loaned to other financial institutions
12
Cash receipts from primary insurance contract
Net cash receipts from reinsurance agreement
Net increase in saving from incident and investment deposit
Net increase in disposal of financial assets held for trading
Cash receipts from interest and fee and commission income
Net increase in funds borrowed from other financial
institutions
Net increase in repurchase agreements
Refunds of taxes 37,792,091.40 96,649,119.69
Cash received relating to other operating activities 434,746,659.36 484,754,029.78
Sub-total of cash inflows 19,042,077,542.92 20,356,254,756.36
Cash paid for goods and services 13,034,046,744.81 13,791,736,816.63
Net increase in loans and advances
Net increase in amounts due from the Central Bank and
placements of deposits with other financial institutions
Cash payments for primary insurance contract
Cash payments for interest and fee and commission expenses
Cash payments for policy dividend
Cash paid to and on behalf of employees 1,667,322,109.11 1,395,226,391.94
Cash paid for all types of taxes 902,899,475.62 1,149,393,602.10
Cash paid relating to other operating activities 2,641,860,222.98 2,627,613,542.53
Sub-total of cash outflows 18,246,128,552.52 18,963,970,353.20
Net cash flows from operating activities 795,948,990.40 1,392,284,403.16
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments
Cash received from return on investments 7,819,000.00 6,000,000.00
Net cash received from disposal of fixed assets, intangible
assets and other long-term assets 1,133,427.85 4,442,856.66
Cash and cash equivalents of subsidiary receipts upon a
acquisition
Cash received relating to other investing activities 222,160,218.00 472,717,494.00
Sub-total of cash inflows 231,112,645.85 483,160,350.66
Cash paid for acquisition of fixed assets, intangible assets and
other long-term assets 3,662,749,801.71 2,699,537,273.33
Cash paid for acquisition of investments 9,000,000.00 207,961,355.00
Net increase in pledged loan
Cash paid for acquisition of subsidiary and other business
units
Cash paid relating to other investing activities 2,266,737.00 489,256,200.00
Sub-total of cash outflows 3,674,016,538.71 3,396,754,828.33
Net cash flows from investing activities -3,442,903,892.86 -2,913,594,477.67
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment 3,453,885,759.63
Including: cash received from absorbing investment from
minority interest of subsidiary
Cash received from borrowings 985,374,424.63 520,046,880.00
Cash received from issuing bond 1,960,700,000.00
Cash received relating to other financing activities 3,771,788.20 6,223,532.28
Sub-total of cash inflows 2,949,846,212.83 3,980,156,171.91
13
Cash repayments of borrowings 973,864,424.63 616,558,000.00
Cash paid for distribution of dividends or profits and interest
expenses 232,441,191.41 216,805,168.85
Including: cash paid for dividends or profits and interest
expenses to minority interest of subsidiary
Cash paid relating to other financing activities 497,872,747.25 3,612,993.01
Sub-total of cash outflows 1,704,178,363.29 836,976,161.86
Net cash flows from financing activities 1,245,667,849.54 3,143,180,010.05
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON
CASH 831,816.44 -739,321.10
V. NET INCREASE IN CASH AND CASH
EQUIVALENTS -1,400,455,236.48 1,621,130,614.44
Add: Opening balance of cash and cash equivalents 4,871,199,806.77 4,391,990,049.72
VI. CLOSING BALANCE OF CASH AND CASH
EQUIVLANT 3,470,744,570.29 6,013,120,664.16
8、Cash flow statement
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2012 in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 14,108,209,583.11 16,691,003,295.30
Refunds of taxes 39,404,000.00
Cash received relating to other operating activities 356,776,079.15 300,238,070.15
Sub-total of cash inflows 14,464,985,662.26 17,030,645,365.45
Cash paid for goods and services 9,748,119,398.25 12,255,830,185.20
Cash paid to and on behalf of employees 1,252,326,631.21 1,070,896,875.33
Cash paid for all types of taxes 617,691,412.14 811,044,289.90
Cash paid relating to other operating activities 2,182,545,163.18 2,274,896,071.03
Sub-total of cash outflows 13,800,682,604.78 16,412,667,421.46
Net cash flows from operating activities 664,303,057.48 617,977,943.99
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments
Cash received from return on investments 6000000 6,000,000.00
Net cash received from disposal of fixed assets, intangible
assets and other long-term assets 72,233.27 697,875.23
Cash received from disposal of subsidiary and other business
units
Cash received relating to other investing activities 200,166,381.00 462,604,170.00
Sub-total of cash inflows 206,238,614.27 469,302,045.23
Cash paid for acquisition of fixed assets, intangible assets and
other long-term assets 3,512,991,771.15 2,518,538,172.05
Cash paid for acquisition of investments 9,000,000.00 209,279,075.00
Cash paid for acquisition of subsidiary and other business
units
Cash paid relating to other investing activities 272,900.00 489,256,200.00
Sub-total of cash outflows 3,522,264,671.15 3,217,073,447.05
Net cash flows from investing activities -3,316,026,056.88 -2,747,771,401.82
III. CASH FLOWS FROM FINANCING ACTIVITIES:
14
Cash received from absorbing investment 3,445,586,919.48
Cash received from borrowings 815,374,424.63 488,983,200.00
Cash received from issuing bond 1,960,700,000.00 0
Cash received relating to other financing activities 1,933,678.86
Sub-total of cash inflows 2,776,074,424.63 3,936,503,798.34
Cash repayments of borrowings 893,864,424.63 510,558,000.00
Cash paid for distribution of dividends or profits and interest
expenses 227,104,373.60 215,407,248.08
Cash paid relating to other financing activities 497,190,538.54 2,002,094.43
Sub-total of cash outflows 1,618,159,336.77 727,967,342.51
Net cash flows from financing activities 1,157,915,087.86 3,208,536,455.83
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON
CASH
V. NET INCREASE IN CASH AND CASH
EQUIVALENTS -1,493,807,911.54 1,078,742,998.00
Add: Opening balance of cash and cash equivalents 3,748,480,642.89 3,087,748,588.31
VI. CLOSING BALANCE OF CASH AND CASH
EQUIVLANT 2,254,672,731.35 4,166,491,586.31
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