2013 First Quarter Report ofChongqing 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 Directors absent from the meeting.
Name of the Director Reasons for the absence Name of the consignee
Majun On Business
Wangkun On Business
1.3 The financial statements of this quarter have not been audited.
1.4 Chairman Mr. Xu 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.
1.5 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
This report term Same period last year Changed by (%)
Turnover 10,177,172,661.12 7,544,180,418.00 34.90%
Net profit attributable to the owners of
548,659,958.77 146,392,056.13 274.79%
parent company
Net profit attributable to the shareholders
of the listed company and after deducting 523,388,368.83 139,074,951.83 276.34%
of non-recurring gain/loss
Cash flow generated by business operation,
1,500,799,885.25 -245,812,599.83 710.55%
net
Basic gains per share 0.12 0.03 300%
Diluted gains per share 0.12 0.03 300%
Net earnings / asset 2.60% 0.94% 1.66%
Ended this report term Ended previous year Changed by (%)
Gross Assets 49,700,559,247.17 46,117,604,792.27 7.77%
Owners Equity Attributable to the Parent
16,053,466,233.67 15,512,935,348.07 3.48%
Company
Accidental gain/loss item and amount
Amount of the period
from the beginning of
Non-recurring gain and loss items
year to the end of
report term
Gain/loss of non-current assets 2,636,680.47
Government subsidies accounted into current gain/loss account, other than those closely related to the
Companys common business, comply with the national policy and continues to enjoy at certain fixed 22,575,295.87
rate or amount.
Investment income from the fair value changes of held for trading financial assets or liabilities, and the
-332,407.00
disposal of held for trading financial assets, liabilities or available for sale financial assets
Other non-business income and expenditures other than the above 5,575,428.67
Influenced amount of income tax 4,891,943.91
Influenced amount of miniority shareholders equity 291,464.16
1
Total 25,271,589.94
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
报告期末股东总数 Ttotaled 172,908, of which141,893 was A share shareholders and 31,015 were B share shareholders.
Top 10 Shareholders
Pledging or freezing
Properties of Shareholding Number of Conditional
Name of the shareholder Amou
shareholder (%) shares shares Share status
nt
State-owned
China Changan Automobile Co., Ltd. 44.93% 2,094,817,480 373,358,342
legal person
Foreign legal
ZhongHui Fortis Investment Co., Ltd 1.78% 82,849,911
person
Foreign legal
NORGES BANK 0.9% 41,922,600
person
Industrial and commercial bank of Domestic
China - hui tian fu growth equity non-state-owned 0.86% 40,000,000
securities investment fund legal person
Foreign legal
INVESCO FUNDS SERIES 5 0.81% 37,574,086
person
Agricultural bank of China - bocom Domestic
schroeder growth stock securities non-state-owned 0.79% 36,686,347
investment fund legal person
Domestic
Agricultural Bank of China- Fullgoal
non-state-owned 0.74% 34,555,618
Tianrui Strong Area Hybrid Fund
legal person
VALUE PARTNERS CLASSIC Foreign legal
0.64% 29,945,672
FUND person
BIAL/HSBC GLOBAL
Foreign legal
INVESTMENT FUNDS CHINESE 0.6% 27,984,651
person
EQUITY
Industrial and commercial bank of Domestic
China - peng hua quality governance
non-state-owned 0.58% 27,260,944
equity securities investment fund
(LOF) legal person
Top 10 holders of unconditional shares
Amount of shares Category of shares
Name of the shareholder without sales
restriction Category of shares Amount
RMB Ordinary
China Changan Automobile Co., Ltd. 1,721,459,138 1,721,459,138
share
Domestic listed
ZhongHui Fortis Investment Co., Ltd 82,849,911 82,849,911
foreign shares
Domestic listed
NORGES BANK 41,922,600 41,922,600
foreign shares
Industrial and commercial bank of China - hui tian fu growth equity RMB Ordinary
40,000,000 40,000,000
securities investment fund share
Domestic listed
INVESCO FUNDS SERIES 5 37,574,086 37,574,086
foreign shares
Agricultural bank of China - bocom schroeder growth stock securities RMB Ordinary
36,686,347 36,686,347
investment fund share
RMB Ordinary
Agricultural Bank of China- Fullgoal Tianrui Strong Area Hybrid Fund 34,555,618 34,555,618
share
2
Domestic listed
VALUE PARTNERS CLASSIC FUND 29,945,672 29,945,672
foreign shares
Domestic listed
BIAL/HSBC GLOBAL INVESTMENT FUNDS CHINESE EQUITY 27,984,651 27,984,651
foreign shares
Industrial and commercial bank of China - peng hua quality governance RMB Ordinary
27,260,944 27,260,944
equity securities investment fund (LOF) share
Among the largest ten share holders, China Changan
Automobile Co., Ltd., ZhongHui Fortis Investment Co.,
Ltd, who agreed to act alike as stipulated in
Explanation on the relationship and the action alike of above shareholders
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
Balance Sheet Items Mar. 31th 2012 Jan. 1th 2012 Changes
1 Monetary fund 2,609,727,858.26 4,871,199,806.77 -46.43%
2 Other account receivable 200,627,627.37 117,398,622.23 70.89%
3 Construction in process 3,864,763,785.86 2,795,536,908.98 38.25%
Income Statement Items Jan-Mar 2012 Jan-Mar 2011 Changes
4 Sales expense 590,490,261.27 399,034,334.52 47.98%
5 Administrative expense 475,587,216.19 334,074,430.34 42.36%
6 Investment gain 306,098,854.42 529,116,702.27 -42.15%
7 Operational profit 103,752,062.78 730,633,905.90 -85.80%
8 Gross profit 109,369,777.24 782,329,029.91 -86.02%
Net profit attributable to the owners of
9 parent company
146,392,056.13 722,338,338.70 -79.73%
Cash Flow Statement Items Jan-Mar 2012 Jan-Mar 2011 Changes
Cash flow generated by business
10 operation, net
-245,812,599.84 1,585,493,593.08 -115.50%
11 Net cash flow generated by investment -1,435,760,639.20 -1,099,393,537.69 -30.60%
12 Net cash flow generated by financing -580,321,368.51 3,745,963,681.14 -115.49%
13 Net increase of cash and cash equivalents -2,261,471,948.52 4,232,191,737.48 -153.44%
Balance Sheet Items Mar. 31th 2012 Jan. 1th 2012 Changes
1 Accounts receivable 585,294,272.15 438,384,320.58 33.51%
2 Other receivables 354,162,962.45 133,863,189.40 164.57%
3 Long-term deferred expenses 25,724,901.44 2,055,164.45 1151.72%
4 Payroll payable 265,026,873.68 427,915,773.96 -38.07%
5 Taxes payable 344,469,001.97 49,882,326.93 590.56%
6 Interest payables 102,756,591.67 77,316,091.67 32.90%
7 Other payables 1,276,044,734.05 1,918,249,420.66 -33.48%
Income Statement Items Jan-Mar 2012 Jan-Mar 2011 Changes
8 operating revenue 10,177,172,661.12 7,544,180,418.00 34.90%
9 Operating cost 8,564,981,591.61 6,531,763,201.16 31.13%
10 Business tax and surcharges 354,126,567.59 172,485,147.93 105.31%
3
11 Operating expenses 780,507,921.73 590,490,261.27 32.18%
12 Financial expenses 29,891,157.71 -25,324,416.54 218.03%
13 Investment income 635,318,795.87 306,098,854.42 107.55%
14 Operating profit 533,916,777.66 103,752,062.78 414.61%
15 Non-operating income 30,289,365.23 6,577,277.06 360.52%
16 Total profit 558,443,317.29 109,369,777.24 410.60%
17 Income tax expense 13,406,178.34 -18,814,809.35 171.25%
18 Net profit 545,037,138.95 128,184,586.59 325.20%
19 Net profit attributable to owners 548,659,958.77 146,392,056.13 274.79%
Cash Flow Statement Items Jan-Mar 2012 Jan-Mar 2011 Changes
Cash flow generated by business
20 operation, net 1,500,799,885.25 -245,812,599.83 710.55%
21 Net cash flow generated by investment -554,775,406.72 -1,435,760,639.20 61.36%
22 Net cash flow generated by financing -54,800,368.47 -580,321,368.51 90.56%
23 Net increase of cash and cash equivalents 891,135,752.41 -2,261,471,948.51 139.41%
By the end of report period, the company has total assets of 49.7 billion yuan, increased by 7.77% from the beginning of the year;
the total liability is 33.773 billion yuan, increased by 9.91% from the beginning of the year; the asset-liability ratio is 67.95%,
increased by 1.33% from the beginning of the year. And the accounts receivable increase from the beginning of the year originates
from the sales of Changan bus increase significantly during the report period; other accounts receivable increase from the beginning of
the year mainly originates from the advanced energy-saving incentives increase during the reporting period; the long-term prepaid
expenses increase from the beginning of the year mainly originates from Changan bus molds increase during the report period;
employee compensation payable is less than the beginning of the year mainly originates from the payment of provision for employee
compensation at the end of the first half year during the report period; taxes payable is more the beginning of the year mainly originates
from VAT payable increased; interest payable is more than the beginning of the year mainly originates from the provision for interest
on bonds payable during the report period; other payable is less than the beginning of the year mainly originates from payment on
projects under construction, transportation fee and advertising etc. during the reporting period.
During the report period, since the production and sales scale of the company expand year on year, the product structure has been
optimized, gross profits increase, and JV Changan Ford Automobiles profits greatly increase, so in the first quarter the revenues,
operating cost, business tax, additional and sales expenses, investment income, operating profit, total profit and the net profits
attributable to the parent company greatly increased. Financial cost rises sharply year on year mainly originates from the newly
increased corporate bond interest expense. Non-operating income increase greatly year on year mainly originates from the received
subsidies income increased sharply during the report period.
During the report period, the companys net increase of cash and cash equivalent is 3.153 billion yuan, up by 139.41% year on
year. The main reason is the cash flow of the company operating activities brought by sales increase and products gross profit increase
increases dramatically.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
□Applicable √Not Applicable
3.3 Commitments make within the report period or persisted to the period by the Company
or shareholder with over 5 percent shares held
√Applicable □Not Applicable
Promise Pormise
Commitment Item Promisee Promise content time time limit
Performance
1.Will abide by the laws, regulations and rules, By the end of
to perform the legal obligations.2. Held by the reporting term,
original non-tradable shares from obtaining the Limited conditions
right to list and trade date, At least 24 months is of the sale of shares
not publicly traded or transferred, The 24 of the company held
The commitments months after the expiration of the term of, by the shareholders
China Changan Non-tradable shareholders stock exchange of China Changan
of stock reform
through the sale of shares, The sale of shares of 2094817480 shares,
the company accounted for the proportion of the The 1721459138
total number of within 12 months and not more conditions for the
than five percent, In 24 months of no more than unlimited sale of
ten percent,3. Company in the shares changed shares, The
after the completion of According to the national remaining
4
related management systems and methods for 373358342 shares
implementing the management equity incentive for the limited
plan conditions of the
sale of shares,
According to the
commitments to the
management equity
incentive plan
implemented after
the lifting of
restrictions on sale
。n 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 Commitment
Other small and Harbin Hf Automobile Industry Group Co,
Item1.Y et to
shareholders China Changan With the continuous development ability and
fulfill the conditions
commitment management level is improved significantly
under the condition of, Proposed that two 2.It is fulfilling
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 Forecast of operation performance from Jan. – June of 2013
□Applicable √Not Applicable
3.5 Securities Investment
□Applicable √Not Applicable
3.6Derivative Investment
□Applicable √Not Applicable
3.7 Interviews and visits in the reporting period
√Applicable □Not Applicable
Date Location manner Reception object Content discussed and material offered
Meeting Room, On-Site Automotive Industry Development and
2013.1.16 Macquarie Securities
Changan Headquarters Survey Companys Business
GF Fund、Changjiang Securities、Orient
Meeting Room, On-Site Securities、Venus Investment、SMC China Automotive Industry Development and
2013.1.23
Changan Headquarters Survey Fund、Franklin Templeton Sealand Fund、 Companys Business
Yingda Asset
Meeting Room, On-Site Automotive Industry Development and
2013.1.24 Citic-Prudential Fund
Changan Headquarters Survey Companys Business
Galaxy Asset Management、China Life、
Standard Pacific Capital、Marco Polo Pure
Asset Management、Huashang Fund、
Meeting Room, Winnington Capital Limited、Morgan
On-Site Automotive Industry Development and
2013.1.30 Stanley Huaxin Funds、Changxin Asset
Changan Headquarters Survey Companys Business
Management、Taikang Asset Management、
Huatai Asset Management、HSBC Global
Asset Management、Keywise Capital、
China Merchants Fund、CITIC Securities、
5
CITIC Securities International、Advisory
Company for SAIF Funds、China Southern
Asset Management、Tianhong Asset
Management、Greewoods Asset
Management
Harvest Fund、Tianhong Asset
Management、Changxin Asset
Management、Pingan Asset Management、
Orient Fund、CCB Principal Asset
Management、Franklin Templeton Sealand
Meeting Room, On-Site Automotive Industry Development and
2013.1.31 Fund、Huatai Securities、China Merchants
Changan Headquarters Survey Companys Business
Fund、China International Fund
Management、China Asset Management、
Soochow Asset Management、New China
Trust、Nanjing Securities、GF Fund
Management、Haitong Securities
Meeting Room, On-Site Automotive Industry Development and
2013.2.4 China Asset Management、J.P.Morgan
Changan Headquarters Survey Companys Business
Meeting Room, On-Site Automotive Industry Development and
2013.2.4 Golden Nest Capital
Changan Headquarters Survey Companys Business
Meeting Room, On-Site China Merchants Securities、China Great Automotive Industry Development and
2013.2.6
Changan Headquarters Survey Wall Securities Companys Business
Meeting Room, On-Site Automotive Industry Development and
2013.2.20 Overlook Investment
Changan Headquarters Survey Companys Business
Meeting Room, On-Site Automotive Industry Development and
2013.2.21 Chang Jiang Securities
Changan Headquarters Survey Companys Business
Meeting Room, On-Site Automotive Industry Development and
2013.2.27 UBS Securities、Zexi Investment
Changan Headquarters Survey Companys Business
Meeting Room, On-Site Minsheng securities、First Capital Automotive Industry Development and
2013.3.7
Changan Headquarters Survey Securities、Golden Eagle Fund Companys Business
Meeting Room, On-Site Automotive Industry Development and
2013.3.7 Bosera Funds
Changan Headquarters Survey Companys Business
Meeting Room, On-Site Automotive Industry Development and
2013.3.12 Invesco HK Limited
Changan Headquarters Survey Companys Business
Meeting Room, On-Site Automotive Industry Development and
2013.3.13 First Capital Securities
Changan Headquarters Survey Companys Business
6
§4. Attachment
4.1 Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. Mar.31th 2013 in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 5,090,899,668.23 4,199,763,915.82
Deposit Reservation for Balance
Funds loaned to other financial institutions
Financial assets held for trading 332,407.00
Notes receivable 10,406,425,504.57 9,364,340,972.00
Accounts receivable 585,294,272.15 438,384,320.58
Prepayments 485,698,195.85 499,042,641.69
Premiums receivable
Reinsurance receivable
Reinsurance reserve receivable
Interest receivable
Dividend receivable 450,030.00 450,030.00
Other receivables 354,162,962.45 133,863,189.40
Reverse repurchase agreements
Inventories 5,501,573,472.96 4,911,029,980.66
Non-current assets within one year
Other current assets 4,774,719.12
Total current assets 22,424,504,106.21 19,551,982,176.27
Non-current assets:
Entrustment loans and advances
Available-for-sale financial assets 229,111,960.00 233,814,100.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 8,222,040,424.32 7,594,311,455.02
Investment properties 1,062,740.99 1,081,565.51
Fixed assets 11,340,001,710.32 11,627,068,108.78
Construction in progress 3,130,627,849.03 2,805,328,886.06
Construction materials 795,898.75 795,898.75
Liquidation of fixed assets 5,116,970.70 2,485,714.76
Productive biological assets
Oil and gas asset
Intangible assets 2,117,981,399.30 2,133,154,677.81
Development expenditure 388,830,194.31 373,059,730.66
Goodwill 9,804,394.00 9,804,394.00
Long-term deferred expenses 25,724,901.44 2,055,164.45
Deferred tax assets 867,746,539.00 859,267,186.20
7
Other non-current assets 937,210,158.80 923,395,734.00
Total non-current assets 27,276,055,140.96 26,565,622,616.00
TOTAL ASSETS 49,700,559,247.17 46,117,604,792.27
Current liabilities:
Short-term loans 1,220,000,000.00 1,250,000,000.00
Due to The Peoples Bank of China
Placements of deposits from other financial institutions
Funds borrowed from other financial institutions
Financial liabilities held for trading Notes payable
Accounts payable 7,953,170,976.09 7,201,763,448.62
Advances from customers 4,688,125,561.27 4,251,355,201.69
Repurchase agreements
Commission payable
Payroll payable 265,026,873.68 427,915,773.96
Taxes payable 344,469,001.97 49,882,326.93
Interest payables 102,756,591.67 77,316,091.67
Dividend payables 79,742.80 79,742.80
Other payables 1,276,044,734.05 1,918,249,420.66
Reinsurance payable
Reinsurance reserve payable
Commission of security trading
Commission of underwriting
Non-current liabilities within one year 18,000,000.00
Other current liabilities 1,882,708,222.96 1,518,516,938.67
Total current liabilities 27,489,579,826.39 24,522,077,037.99
Non-current liabilities:
Long-term loans 1,010,000,000.00 992,000,000.00
Bonds payable 1,963,348,839.97 1,963,348,839.97
Long-term payables 29,776,226.01 31,923,000.00
Special payables 136,397,376.42 131,053,523.96
Provisions 751,553,220.00 676,261,668.40
Deferred tax liabilities 38,713,098.58 37,741,632.06
Other non-current liabilities 2,353,354,871.04 2,372,271,366.91
Total non-current liabilities 6,283,143,632.02 6,204,600,031.30
Total liabilities 33,772,723,458.41 30,726,677,069.29
Owners equity (or Shareholders equity):
Paid up capital (or Share capital) 4,662,886,108.00 4,662,886,108.00
Capital reserves 3,084,258,235.43 3,088,935,360.43
Less: Treasury shares
Special reserves
Surplus reserves 1,441,483,901.07 1,441,483,901.07
General reserve
Retained earnings 6,884,450,488.63 6,335,790,529.86
8
Foreign currency reserve -19,612,499.46 -16,160,551.29
Equity attributable to owners 16,053,466,233.67 15,512,935,348.07
Minority interests -125,630,444.91 -122,007,625.09
Total Owners equity (or Shareholders equity) 15,927,835,788.76 15,390,927,722.98
TOTAL LIABILITIES AND OWNERS EQUITY( OR SHAREHOLDERS 49,700,559,247.17 46,117,604,792.27
EQUITY)
4.2 Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. Mar.31th 2013 in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 3,601,475,468.87 3,081,165,146.84
Financial assets held for trading
Notes receivable 9,003,961,705.07 7,803,725,888.00
Accounts receivable 869,828,352.58 1,071,345,619.44
Prepayments 447,301,243.61 397,342,870.76
Interest receivable
Dividend receivable 450,030.00 450,030.00
Other receivables 594,548,998.63 315,576,507.71
Inventories 3,672,499,593.26 3,396,111,119.31
Non-current assets within one year
Other current assets
Total current assets 18,190,065,392.02 16,065,717,182.06
Non-current assets:
Available-for-sale financial assets 153,005,000.00 158,507,500.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 9,517,871,313.05 8,885,998,867.75
Investment properties
Fixed assets 9,981,453,410.72 10,191,569,154.86
Construction in progress 2,862,452,017.00 2,571,337,326.77
Construction materials 795,898.75 795,898.75
Liquidation of fixed assets 2,485,714.76
Intangible assets 1,936,963,565.95 1,964,748,143.27
Development expenditure 367,588,635.85 354,257,952.32
Goodwill
Long-term deferred expenses 675,300.00 720,320.00
Deferred tax assets 744,567,226.73 740,904,515.31
Other non-current assets 937,210,158.80 923,395,734.00
Total non-current assets 26,502,582,526.85 25,794,721,127.79
TOTAL ASSETS 44,692,647,918.87 41,860,438,309.85
Current liabilities:
Short-term loans 1,170,000,000.00 1,170,000,000.00
Financial liabilities held for trading
Notes payable 7,575,835,248.92 6,066,445,485.27
9
Accounts payable 5,876,004,122.64 5,183,680,120.27
Advances from customers 3,652,019,230.80 3,466,741,620.70
Payroll payable 225,728,265.89 374,013,646.52
Taxes payable 518,582,593.32 290,496,103.52
Interest payable 102,756,591.67 77,316,091.67
Dividend payable
Other payables 1,037,097,434.31 1,607,748,312.60
Non-current liabilities within one year
Other current liabilities 1,308,818,045.95 1,068,916,123.41
Total current liabilities 21,466,841,533.50 19,305,357,503.96
Non-current liabilities:
Long-term loans 900,000,000.00 900,000,000.00
Bonds payable 1,963,348,839.97 1,963,348,839.97
Long-term payables
Special payables 70,811,006.04 69,225,925.06
Provisions 461,636,247.37 332,489,210.32
Deferred tax liabilities 19,518,750.00 20,344,125.00
Other non-current liabilities 2,293,532,222.92 2,308,856,151.75
Total non-current liabilities 5,708,847,066.30 5,594,264,252.10
Total liabilities 27,175,688,599.80 24,899,621,756.06
Owners’ equity (or Shareholders’ equity):
Paid up capital (or Share capital) 4,662,886,108.00 4,662,886,108.00
Capital reserves 3,346,958,642.87 3,351,635,767.87
Less: Treasury shares
Special reserves
Surplus reserves 1,441,483,901.07 1,441,483,901.07
General reserve
Retained earnings 8,065,630,667.13 7,504,810,776.85
Foreign currency reserve
Equity attributable to owners 17,516,959,319.07 16,960,816,553.79
44,692,647,918.87 41,860,438,309.85
TOTAL LIABILITIES AND OWNERS’ EQUITY( OR SHAREHOLDERS’ EQUITY)
10
4.3 Consolidated Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Mar 2013 in RMB yuan
Account Current Period Prior Period
I. Total operating revenue 10,177,172,661.12 7,544,180,418.00
Including: operating revenue 10,177,172,661.12 7,544,180,418.00
II. Total operating cost 10,278,242,272.33 7,745,001,410.01
Including: Operating cost 8,564,981,591.61 6,531,763,201.16
Business tax and surcharges 354,126,567.59 172,485,147.93
Operating expenses 780,507,921.73 590,490,261.27
General and administrative expenses 548,735,033.69 475,587,216.19
Financial expenses 29,891,157.71 -25,324,416.54
Impairment loss on assets
-332,407.00 -1,525,799.63
Add: Profit and loss from fair value changes (- represent loss)
635,318,795.87 306,098,854.42
Investment income (- represent loss)
627,728,969.30 3,060,988.54
Including: Investment income from associates and from joint venture
III. Operating profit (- represent loss) 533,916,777.66 103,752,062.78
Add: Non-operating income 30,289,365.23 6,577,277.06
Less: Non-operating expenses 5,762,825.60 959,562.60
3,048,050.91 116,611.97
Including: loss on disposal of non-current assets
IV. Total profit(- represent loss) 558,443,317.29 109,369,777.24
Less: Income tax expense 13,406,178.34 -18,814,809.35
V. Net profit (- represent net loss) 545,037,138.95 128,184,586.59
Including: The net profit of the combined parties before business
combination
Net profit attributable to owners 548,659,958.77 146,392,056.13
Minority interests -3,622,819.82 -18,207,469.54
VI. Earnings per share: -- --
I) Basic earnings per share 0.12 0.03
II) Diluted earnings per share 0.12 0.03
VII. Other comprehensive income -4,677,125.00 4,362,625.00
VIII. Total comprehensive income 540,360,013.95 132,547,211.59
543,982,833.77 150,754,681.13
Total comprehensive income attributable to owners
-3,622,819.82 -18,207,469.54
Total comprehensive income attributable to minority interest
11
4.4 Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Mar 2013 in RMB yuan
Account Current Period Prior Perid
I. Operating revenue 8,561,947,652.87 5,491,951,113.71
Less: Operating cost 7,258,831,372.32 4,683,804,973.81
Business tax and surcharges 311,169,762.91 131,646,607.03
Operating expenses 582,599,228.94 388,993,049.19
General and administrative expenses 477,292,529.33 472,662,930.89
Financial expenses 26,650,200.09 -16,990,542.78
Impairment loss on assets
Add: Profit and loss from fair value Changes (- represent loss)
635,451,445.30 306,098,854.42
Investment income (- represent loss)
627,728,969.30 306,098,854.42
Including: Investment income from associates and from joint venture
II. Operating profit (- represent loss) 540,856,004.58 137,932,949.99
Add: Non-operating income 27,457,914.10 2,183,431.48
Less: Non-operating expenses 4,720,168.97 663,852.68
Including: loss on disposal of non-current assets
563,593,749.71 139,452,528.79
III. Total profit(- represent loss)
Less: Non-operating expenses 2,773,859.43 -23,133,599.97
IV. Net profit (- represent net loss) 560,819,890.28 162,586,128.76
V. Earnings per share: -- --
I) Basic earnings per share 0.12 0.03
II) Diluted earnings per share 0.12 0.03
VI. Other comprehensive income -4,677,125.00 7,091,125.00
VII. Total comprehensive income 556,142,765.28 169,677,253.76
4.5 Consolidated Cash Flow Statement from the beginning of year to the end of report term.
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Mar 2013 in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
9,456,516,906.10 5,880,297,932.61
Cash received from sale of goods or rendering of services
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
Cash receipts from primary insurance contract
Net cash receipts from reinsurance agreement
12
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 10,048,351.20 11,682,702.56
Cash received relating to other operating activities 59,305,479.93 86,027,824.84
Sub-total of cash inflows 9,525,870,737.23 5,978,008,460.01
Cash paid for goods and services 5,427,325,583.98 4,373,974,228.81
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 803,739,293.46 650,298,079.34
Cash paid for all types of taxes 689,258,251.17 313,852,817.77
Cash paid relating to other operating activities 1,104,747,723.37 885,695,933.92
Sub-total of cash outflows 8,025,070,851.98 6,223,821,059.84
Net cash flows from operating activities 1,500,799,885.25 -245,812,599.83
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments
Cash received from return on investments 3,601,884.11
Net cash received from disposal of fixed assets, intangible assets and other 80,000.00 89,229.83
long-term assets
Cash and cash equivalents of subsidiary receipts upon a acquisition
Cash received relating to other investing activities 5,653,333.33 22,080,837.00
Sub-total of cash inflows 9,335,217.44 22,170,066.83
Cash paid for acquisition of fixed assets, intangible assets and other 561,864,624.16 1,446,936,869.03
long-term assets
Cash paid for acquisition of investments 2,246,000.00 9,000,000.00
Net increase in pledged loan
Cash paid for acquisition of subsidiary and other business units
Cash paid relating to other investing activities 1,993,837.00
Sub-total of cash outflows 564,110,624.16 1,457,930,706.03
Net cash flows from investing activities -554,775,406.72 -1,435,760,639.20
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment
13
Including: cash received from absorbing investment from minority interest
of subsidiary
Cash received from borrowings 30,000,000.00
Cash received from issuing bond
Cash received relating to other financing activities 6,318,045.63 11,270,706.73
Sub-total of cash inflows 36,318,045.63 11,270,706.73
Cash repayments of borrowings 60,000,000.00 80,000,000.00
30,760,883.99 14,359,656.64
Cash paid for distribution of dividends or profits and interest expenses
Including: cash paid for dividends or profits and interest expenses to
minority interest of subsidiary
Cash paid relating to other financing activities 357,530.11 497,232,418.60
Sub-total of cash outflows 91,118,414.10 591,592,075.24
Net cash flows from financing activities -54,800,368.47 -580,321,368.51
-88,357.65 422,659.03
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH
891,135,752.41 -2,261,471,948.51
V. NET INCREASE IN CASH AND CASH EQUIVALENTS
Add: Opening balance of cash and cash equivalents 4,199,763,915.82 4,871,199,806.77
5,090,899,668.23 2,609,727,858.26
VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT
4.6 Cash Flow Statement from the beginning of year to the end of report term.
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Mar 2013 in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
7,565,867,402.10 4,324,743,942.20
Cash received from sale of goods or rendering of services
Refunds of taxes 4,883,000.00
69,135,929.84 110,007,173.96
Cash received relating to other operating activities
Sub-total of cash inflows 7,639,886,331.94 4,434,751,116.16
Cash paid for goods and services 4,269,830,504.85 3,272,725,291.94
Cash paid to and on behalf of employees 641,718,057.16 489,472,593.66
Cash paid for all types of taxes 587,976,694.66 218,440,425.92
1,014,736,367.01 804,057,558.55
Cash paid relating to other operating activities
Sub-total of cash outflows 6,514,261,623.68 4,784,695,870.07
Net cash flows from operating activities 1,125,624,708.26 -349,944,753.91
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments
Cash received from return on investments 5,825,000.00
Net cash received from disposal of fixed assets, intangible assets and other 25,969.23
long-term assets
Cash received from disposal of subsidiary and other business units
14
87,000.00
Cash received relating to other investing activities
Sub-total of cash inflows 5,825,000.00 112,969.23
Cash paid for acquisition of fixed assets, intangible assets and other 531,195,136.23 1,415,597,386.02
long-term assets
Cash paid for acquisition of investments 2,246,000.00 9,000,000.00
Cash paid for acquisition of subsidiary and other business units
50,000,000.00
Cash paid relating to other investing activities
Sub-total of cash outflows 583,441,136.23 1,424,597,386.02
Net cash flows from investing activities -577,616,136.23 -1,424,484,416.79
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment
Cash received from borrowings
Cash received from issuing bond
Cash received relating to other financing activities
Sub-total of cash inflows
Cash repayments of borrowings
27,698,250.00 13,516,101.08
Cash paid for distribution of dividends or profits and interest expenses
496,928,515.34
Cash paid relating to other financing activities
Sub-total of cash outflows 27,698,250.00 510,444,616.42
Net cash flows from financing activities -27,698,250.00 -510,444,616.42
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH
520,310,322.03 -2,284,873,787.12
V. NET INCREASE IN CASH AND CASH EQUIVALENTS
3,081,165,146.84 3,748,480,642.89
Add: Opening balance of cash and cash equivalents
3,601,475,468.87 1,463,606,855.77
VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT
4.7 Auditors’Report Auditing Opinion: Unaudited
15
