2014 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 is true, accurate and complete.
1.2 Directors absent from the meeting.
Name of the Director Reasons for the absence Name of the consignee
Zhang Baolin On Business
Lian Gang On Business
Dong Yang On Business
1.3 Chairman Mr. Xu Liuping, Chief Accountants Mr. Wang Kun and Mr. Hua ZhanBiao guarantee the
truthfulness and completeness of the financial statements of the quarter report.
1.4 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 Financial Highlight and Changes in Shareholders
2.1 Main accounting data and financial indicators
In RMB Yuan
Increase/decrease
2014.9.30 2013.12.31
(%)
Before Adjustment After Adjustment After Adjustment
Total asset 65,065,769,454.42 53,364,694,275.91 54,512,107,747.02 19.36%
Net asset attributable to the
23,414,786,455.60 18,778,354,427.87 18,863,616,684.11 24.13%
shareholders of the listed company
Changes of
Changes of Reporting
Reporting Period on
Jul-Sep. 2014 Jan.-Sep. 2014 Period on the same
the same Period last
Period last year （％）
year （％）
operation total income 12,544,777,769.25 48.81% 36,751,508,411.20 28.32%
Net profit attributable to
1,824,763,530.91 101.43% 5,452,856,529.84 155.23%
shareholders of the listed company
Net profit attributable to the
shareholders of the listed company
1,790,455,561.83 101.35% 5,353,432,332.82 156.36%
after deducting of non-recurring
gain/loss
Net cash flow generated by business
-- -- 4,760,340,830.36 84.86%
operation
Basic earnings per share 0.39 105.26% 1.17 154.35%
Diluted earning per share 0.39 105.26% 1.17 154.35%
Return rate on net assets 7.89% 2.30% 25.50% 11.78%
Items and amounts of extraordinary gains and losses
Project Amount
Gain/loss of non-current assets (including the write-off of assets impairment reserves) -4,472,323.57
The government subsidies included in the current profits and losses (except government subsidies closely
65,212,358.47
related to corporate business, entitled in fixed quota or quantity)
Current net gain/loss generated by the enterprise merger under common control from the year beginning to
-43,588,252.13
the merger date
1
Profit and loss from contingency items irrelevant with normal business of the Company profit and loss
from fair value changes by holding of transaction financial assets and liabilities, except effective hedging
55,187,888.36
business related to normal business of the Company, and investment income from disposal of transaction
financial assets and liabilities as well as financial assets available for sale
Other non-business income and expenditures other than the above items 43,167,876.30
Subtract: Influenced amount of income tax 11,779,163.34
Influenced amount of miniority shareholders equity (after tax) 4,304,187.07
Total 99,424,197.02
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 amount of shareholders at the The total amount of shareholders is 106,739, and A shareholder is 91,288 ,B shareholder
end of report period is 15,451.
Top 10 Shareholder Information
Shareholding Share amount of infinite share
Share amount
Nature of amount at the condition
Shareholder Name stake（%） of limited sale
shareholders end of report
condition share status amount
period
China Changan Automobile Group state owned legal no pledge or
39.11% 1,823,595,216 373,358,342
Co., Ltd. person freeze
National Social Security Fund- domestic non-state no pledge or
1.29% 60,014,324
Portfolio 102 legal person share freeze
VALUE PARTNERS CLASSIC foreign legal no pledge or
0.99% 46,372,107
FUND person shares freeze
Zhonghui Fortis Investment Co., foreign legal no pledge or
0.97% 45,195,100
Ltd. person shares freeze
HTHK-MANULIFE CHINA foreign legal no pledge or
0.87% 40,410,827
VALUE FUND person shares freeze
Bank of China－Dacheng Blue chip domestic non-state no pledge or
0.78% 36,303,923
securites investment fund legal person share freeze
Bank of Communications－Huaan no pledge or
domestic non-state
Strategy stock securites investment legal person share 0.77% 35,714,239 freeze
fund
DRAGON BILLION CHINA foreign legal no pledge or
0.74% 34,302,861
MASTER FUND person shares freeze
Industrial and Commercial Bank of no pledge or
domestic non-state
China－Guangfa Strategy Hybrid 0.72% 33,659,670 freeze
legal person share
securites investment fund
HSBC Global Investment Funds- foreign legal no pledge or
0.72% 33,433,626
Chinese equity person shares freeze
Top 10 Shareholder Information of Infinite Sale Condition
股份种类
股东名称 持有无限售条件股份数量
股份种类 数量
China Changan Automobile Group Co., Ltd. 1,450,236,874 RMB Common Stock 1,450,236,874
National Social Security Fund- Portfolio 102 60,014,324 RMB Common Stock 60,014,324
VALUE PARTNERS CLASSIC FUND 46,372,107 domestic foreign share 46,372,107
Zhonghui Fortis Investment Co., Ltd. 45,195,100 domestic foreign share 45,195,100
HTHK-MANULIFE CHINA VALUE FUND 40,410,827 domestic foreign share 40,410,827
Bank of China－Dacheng Blue chip securites
36,303,923 RMB Common Stock 36,303,923
investment fund
Bank of Communications－Huaan Strategy stock 35,714,239 RMB Common Stock 35,714,239
2
securites investment fund
DRAGON BILLION CHINA MASTER FUND 34,302,861 domestic foreign share 34,302,861
Industrial and Commercial Bank of China－Guangfa
33,659,670 RMB Common Stock 33,659,670
Strategy Hybrid securites investment fund
HSBC Global Investment Funds- Chinese equity 33,433,626 domestic foreign share 33,433,626
Among the top 10 shareholders, China Changan Automobile Group Co.,
Correlation or concerted action among top 10 infinite Ltd., the controlling shareholder, and its wholly owned subsidiary
sale tradable share holders, and between top 10 infinite Zhonghui Futong Investment Co., Ltd. belong to the concerted actor
sale tradable share holders and top 10 shareholders. regulated by “Disclosure Administration of Shares Change Information of
The Listed Company”.
§3 Important Matters
3.1 Significant changes in major accounting data, financial highlight and reason of these changes.
√Applicable □Not Applicable
Balance Sheet Items Sep. 30 2014 Jan. 1th 2013 Changes
1 Cash 8,260,303,395.09 4,535,825,972.55 82.11%
2 Prepayment 1,067,590,133.59 698,944,852.07 52.74%
3 Other receivables 289,812,434.26 211,810,998.81 36.83%
4 Inventory 6,576,496,245.22 4,735,051,726.57 38.89%
5 Short-term loans 298,000,000.00 1,398,000,000.00 -78.68%
6 Notes payable 13,351,489,798.62 9,577,654,675.13 39.40%
7 Accounts payable 11,007,020,162.63 7,963,798,219.72 38.21%
8 Tax payables 570,622,156.04 113,689,600.15 401.91%
Non-current liabilities due within
- 520,000,000.00 -100.00%
9 one year
10 Other current liabilities 2,498,864,380.98 1,900,629,102.12 31.48%
11 Long-term loans - 1,270,000,000.00 -100.00%
12 Provisions 1,678,076,310.79 1,117,167,286.59 50.21%
13 Retained earnings 13,529,050,750.78 8,543,591,148.40 58.35%
Income Statement Items Jan-Sep 2014 Jan-Sep 2013 Changes
14 Business tax and surcharges 1,426,977,822.94 917,782,937.50 55.48%
15 Financial expenses 97,280,409.78 74,092,526.38 31.30%
16 Impairment loss on assets 32,979,029.43 125,275,943.79 -73.67%
17 Investment income 6,000,333,310.21 3,119,847,794.75 92.33%
18 Financial expenses 5,321,486,924.82 2,030,869,553.49 162.03%
19 Operating profit 5,469,873,899.69 2,091,708,156.88 161.50%
20 Net profit 5,438,840,956.15 2,104,538,393.58 158.43%
21 Net profit attributable to owners 5,452,856,529.84 2,136,428,302.39 155.23%
Cash Flow Statement Items Jan-Sep 2014 Jan-Sep 2013 Changes
Net cash flows from operating
22 4,760,340,830.36 2,575,077,920.05 84.86%
activities
Net cash flow generated by
23 2,459,307,747.23 -258,503,291.58 1051.36%
investment
3
Net increase of cash and cash
24 3,794,871,113.61 1,803,426,811.39 110.43%
equivalents
Net cash flow generated by
25 -3,420,407,288.46 -512,079,352.34 -567.94%
financing
In the reporting period, the Company took the initiative to change and innovate, in face of the slowdown of the industrial growth,
the sluggish demand during the slack season and the downward trend of the market shares from Chinese-owned brands. The
production, and sales growth rate of the Company kept outpacing the industry growth rate, the profit growth maintained higher than the
revenue growth, while the income growth was higher than the sales growth. As of the reporting period, the Company had total assets of
65.065 billion Yuan, with an increase of 19.36% over the beginning of the year; the total liabilities of 41.803 billion Yuan, with an
increase of 16.81% over the beginning of the year; the asset-liability ratio is 64.25%, decreased by 1.4% than the beginning of the year.
Among the items in the balance sheet, the monetary funds highly increased over the beginning of the year mainly due to the increase of
the share out bonus from JV Changan Ford Automobile; Taxes payable was higher the beginning of the year mainly due to the sales
growth; Notes payable increased significantly over the beginning of the year mainly due to the expansion of the production and sales
scale with more self-owned notes issued; The inventory increased due to the larger balance of automobile stock; accounts payable
increased significantly over the beginning of the year mainly due to the larger volume of purchase resulting from the expansion of the
production and sales scale; Development expenditure increased over the beginning of the year mainly due to the increase capitalization
of the research and development projects; The short-term borrowings decreased than the beginning of the year mainly due to the
repayment of bank borrowings; Taxes payable was less than the beginning of the year mainly due to the final settlement of the
corporate income tax; Payable interest was less than the beginning of the year mainly due to the payment of the interest on corporate
bonds; Other receivables increased significantly over the beginning of the year due to the rising of the tax reimbursement for export;
the balance of short-term loan decreased due to the repayment of bank loans and the balance of long-term loan and the non-current
liabilities within one year decreased due to the repayment of loans; Other current liabilities increased over the beginning of the year
mainly due to the prepayment of the transportation costs caused by the increase of the production and sales; Provisions increased over
the beginning of the year mainly due to the prepayment of the "three guarantees" expense caused by the increase of the sales; Retained
earnings increased over the beginning of the year mainly due to the increase in earnings from joint venture.
From January to September, 2014, on account of the expansion of automobile production and sales, the optimization of product
structure and a significant increase in profit of the JV Changan Ford Automobile, the business tax and surcharges, the investment
income, operating income, operating profit , total profit and net profit attributable to the parent company increased substantially; the
business tax and surcharges increased substantially mainly due to the sales growth and the larger proportion of vehicles charged with
higher consumption duty; Financial expenses rose significantly due to the increase of the interest income and the decrease of the
interest expense; Asset impairment losses decreased significantly mainly due to the provision of impairment loss for the fixed asset and
intangible asset last year.
From January to September, 2014, the Company has achieved the net increase of 3.794 billion in cash and cash equivalents with
an increase of 110.43% on year-on-year basis. The cash flow generated from operating activities was 4.76 billion Yuan, with an
increase of 2.185 billion Yuan of inflow Y-o-y, mainly due to the increase of the cash received from car sales Y-o-y; Net cash flow
generated from investment activities was 2.459 billion Yuan, with a increase of 2.717 billion Yuan of inflow Y-o-y, mainly due to the
increase of the receipt of the cash dividends from Changan Ford; Net cash flow generated from financing activities was -3.42 billion
Yuan, with a decrease of 2.908 billion Yuan of inflow, mainly due to more repayment of loans over the same period of last year.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
According to the “On transfer of Chongqing Changan Suzuki Automobile Co., Ltd. 1% Shares” through the 21st meeting of the 6th
the board of directors. To accelerate the development of Chongqing Changan Suzuki Automobile Co., Ltd.s (“Changan Suzuki”), the
company planned to transfer 1% shares of Changan Suzuki in Chongqing United Assets and Equity Exchange by single public trade.
As of the date of this report, the company has received 28.4598 million yuan from the transferee Suzuki Corporation ,
which acquired 1% share of Chongqing Changan Suzuki Automobile, and has completed the registration formalities
related to equity transaction. At present the company holds 50% share in Chongqing Changan Suzuki Automobile Co.
Details. For details, please refer to the relevant announcements disclosed at CNINF www.cninfo.com.cn.
Disclosure
Description of the Important Items Interim reports disclosure Web Query
Date
On transfer of Chongqing Changan Suzuki
Jul.1,2014 http://www.cninfo.com.cn/finalpage/2014-07-01/1200020522.PDF
Automobile Co., Ltd. 1% Shares
The Progress On transfer of Chongqing Changan
Oct.15,2012 http://www.cninfo.com.cn/finalpage/2014-10-15/1200299369.PDF
Suzuki Automobile Co., Ltd. 1% Shares
3.3 The fulfillment of the commitment made by the Company, shareholders and the actual controller
√Applicable □Not Applicable
period
Commitment Commitment for
commitments Commitment content Performance
entity time commitm
ent
4
As of the end of the reporting period,
1.Will abide by the laws, regulations and
CCAG, the Companys shareholder
rules, to perform the legal obligations.2.
with share selling restrictions, held
Held by the original non-tradable shares
373,358,342 shares with selling
from obtaining the right to list and trade
restrictions, which will be lifted after
date, At least 24 months is not publicly
the implementation of management
traded or transferred, The 24 months after
share incentive plan according to the
the expiration of the term of, Non-tradable
commitments of shareholding
shareholders stock exchange through the
reform. During the reporting period,
The commitments China sale of shares, The sale of shares of the
May, 2006 according to CCAGs document “A
of stock reform Changan company accounted for the proportion of
Supplementary Explanation to
the total number of within 12 months and
Participating in the Share Split
not more than five percent, In 24 months
Reform of Chongqing Changan
of no more than ten percent,3. Company in
Automobile Co., Ltd.”, the Company
the shares changed after the completion of
confirmed that it will implement the
According to the national related
management share incentive plan
management systems and methods for
before June 30, 2016, according to
implementing the management equity
relevant national regulations and
incentive plan
measures.
In order to avoid and eventually solve the
possible competition or potential
competitors, Better maintain the interests
of investors, the company controlling
The Harbin Hf Automobile Industry
shareholder China Changan commitment:
Other small Group Co at present is still running
China In two consecutive years profit of Harbin September,
shareholders at a loss, The conditions have not yet
Changan Hf Automobile Industry Group Co, With 2010
commitment reached the profitable for two
the continuous development ability and
consecutive years.
management level is improved
significantly under the condition of,
Proposed that enterprises into the
company.
If the Changan Peugeot Citroen in
2013 for listing Corporation contributio In 2013, Changan Peugeot Citroen
n to investment income lower than -12 for the company contribution to
500.,(ten thousand Yuan), investment income of RMB -5058
Other small ten thousand yuan, Not less than
China December,
shareholders 2014 investment listing Corporation 2 Years Chinese Changan promised lowest
Changan 2012
commitment contributions earn less than -17500 (ten return on investment of -12500 ten
thousand Yuan), China Changan thousand yuan.
promised to make up the difference in
cash.
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
3.5Particular about security investment
Holding other listing Corporation ownership situation description
√Applicable □Non-applicable
Initial Opening Opening Closing Closing
Company Company investment equity equity equity equity Equity
Accounting title
name variety cost (RMB Holdings holding ratio holdings Holdings source
Yuan) (share) (%) (share) （%）
Southwest Securities Tradable financial
50,000,000 17,750,000 0.76% 17,750,000 0.76% Initial investment
Securities Firm assets
Hua Xia Commercial
8,149,714 7,276,000 0.11% 8,658,800 0.10% Tradable financial 2The 2011 merger
Bank bank assets Financial of Changan bus
5
assets for trade investment
Total 58,149,714 -- --
3.6 Investments in derivatives
□Applicable √Not Applicable
No Investments in derivatives in the reporting period.
3.7 Interviews and visits in the reporting period
Main content involved and
Time/date Place Way Visitor type Visitors
material provided
Gouxin Securities、Wanjia
Fund、Baoying Fund、Minsen Automotive Industry
Meeting Room,
2014.7.16 On-Site Survey Institution Investments、CITIPCE、 Development and Companys
Changan Headquarters Business
Dacheng Fund、Xingtai
Investments
Meeting Room, Automotive Industry
2014,7.17 On-Site Survey Institution CITIC Securities Development and Companys
Changan Headquarters Business
Meeting Room, Automotive Industry
2014.7.24 On-Site Survey Institution Guotai Fund Development and Companys
Changan Headquarters Business
Meeting Room, Automotive Industry
2014.9.5 On-Site Survey Institution Haitong Securities Development and Companys
Changan Headquarters Business
Meeting Room, Automotive Industry
2014.9.15 On-Site Survey Institution China Securitities Development and Companys
Changan Headquarters Business
Meeting Room, Automotive Industry
2014.9.16 On-Site Survey Institution China AMC、Fullgoal Fund Development and Companys
Changan Headquarters Business
Meeting Room, Automotive Industry
CICC、Industrial Securities
2014.9.16 On-Site Survey Institution Development and Companys
Changan Headquarters Asset Management Co., Ltd
Business
Meeting Room, Automotive Industry
2014.9.19 On-Site Survey Institution J Capital Research Development and Companys
Changan Headquarters Business
Meeting Room, Automotive Industry
2014.9.19 On-Site Survey Institution BNP Paribas China Development and Companys
Changan Headquarters Business
Meeting Room, Automotive Industry
2014.9.22 On-Site Survey Institution Binyuan Capital Development and Companys
Changan Headquarters Business
J.P. Morgan Asset Automotive Industry
Meeting Room,
2014.9.24 On-Site Survey Institution Mannagment、BNP Paribas Development and Companys
Changan Headquarters Business
Securities
3.8 Effect of new or revised accounting standards on the consolidated financial statements
1、According to the "Notice on the Issuance and Revision of Accounting Standards for Enterprises No.2 - Long Term Equity
Investment "(Accounting Standard No.14 [2014]), the company does not have control, joint control and significant influence over the
equity investment whose fair value can not be reliably measured, the equity investment should be measured at the cost of available
for sale financial assets, not measured as a long-term equity investment, and the retroactive adjustment method should be adopted.
Specific adjustments are as follows:
RMB：Yuan
6
Affected account and amount (2013.12.31)
Adjustment Issue long-term equity available for sale
investments financial assets
Reclass the equity investment under "long-term equity
investment" whose fair value can not be reliably measured and
the company does not have control, joint control and significant
influence over as "available for sale financial assets" -108,809,274.00 108,809,274.00
2 、 According to the "Notice on the Issuance and Revision of Accounting Standards for Enterprises No.9 – Staff
Welfare"(Accounting Standard No.8 [2014]), the Company recalculates the changes of net liabilities or net assets from the benefit
plan and includes the changes in other comprehensive income. Based on preliminary estimate, the effect of changes in accounting
policy on financial statements at the beginning of the period is not significant, and the effect will be presented in the Annual Report.
3、Since July 1st, 2014, the company has adopted the following revised accounting standards "Accounting Standards for Enterprises
No.30- Presentation of Financial Statements", "Enterprise Accounting Standards No. 33-Consolidated Financial Statements" and
"Accounting Standards for Enterprises No.37 - Presentation of Financial Instruments", "Enterprise Accounting Standards No.39 -
Fair Value Measurement", "Enterprise Accounting Standards No.40 - Joint Venture Arrangement", "Enterprise Accounting Standards
No. 41 – Disclosure of Equity in Other Subjects".
The change in accounting policy has no significant impact on the company financial status, operating results and cash flow.
§4. Attachment
1. Financial statements
1、Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. Sep. 30 2014 in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 8,260,303,395.09 4,535,825,972.55
Deposit Reservation for Balance
Funds loaned to other financial institutions
Financial assets held for trading
Notes receivable 13,754,317,802.36 11,272,212,347.84
Accounts receivable 644,534,799.15 604,638,231.06
Prepayments 1,067,590,133.59 698,944,852.07
Premiums receivable
Reinsurance receivable
Reinsurance reserve receivable
Interest receivable
Dividend receivable 3,650,000,000.00
Other receivables 289,812,434.26 211,810,998.81
Reverse repurchase agreements
Inventories 6,576,496,245.22 4,735,051,726.57
Classified as assets held for sale
Non-current assets within one year
Other current assets 2,642,266.86 2,585,737.57
Total current assets 34,245,697,076.53 22,061,069,866.47
7
Non-current assets:
Entrustment loans and advances
Available-for-sale financial assets 318,467,486.00 366,128,690.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 10,540,910,850.05 12,357,672,514.64
Investment properties 9,565,817.80 9,490,627.13
Fixed assets 14,454,547,550.90 14,372,992,511.16
Construction in progress 1,140,742,790.60 1,328,773,757.05
Construction materials 96,690.75 96,690.75
Liquidation of fixed assets 4,618,937.92 8,696.53
Productive biological assets
Oil and gas asset
Intangible assets 2,425,598,251.59 2,076,220,482.54
Development expenditure 663,506,628.82 685,666,604.48
Goodwill 9,804,394.00 9,804,394.00
Long-term deferred expenses 1,062,401.88 1,410,228.76
Deferred tax assets 1,182,498,596.79 998,435,801.99
Other non-current assets 68,651,980.79 244,336,881.52
Total non-current assets 30,820,072,377.89 32,451,037,880.55
TOTAL ASSETS 65,065,769,454.42 54,512,107,747.02
Current liabilities:
Short-term loans 298,000,000.00 1,398,000,000.00
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 13,351,489,798.62 9,577,654,675.13
Accounts payable 11,007,020,162.63 7,963,798,219.72
Advances from customers 5,319,735,522.91 4,260,282,749.23
Repurchase agreements
Commission payable
Payroll payable 745,206,211.83 825,803,375.99
Taxes payable 570,622,156.04 113,689,600.15
Interest payables 47,496,333.33 78,113,712.49
Dividend payables 79,742.80 79,742.80
Other payables 1,395,632,065.99 1,786,024,577.49
Reinsurance payable
Reinsurance reserve payable
Commission of security trading
Commission of underwriting
8
Liabilities classified as held for sale
Non-current liabilities within one year 520,000,000.00
Other current liabilities 2,498,864,380.98 1,900,629,102.12
Total current liabilities 35,234,146,375.13 28,424,075,755.12
Non-current liabilities:
Long-term loans 1,270,000,000.00
Bonds payable 1,970,205,199.90 1,967,266,759.93
Long-term payables 24,215,822.74 24,587,000.00
Special payables 179,399,960.26 213,630,202.50
Estimated liabilities 1,678,076,310.79 1,117,167,286.59
Deferred tax liabilities 30,330,520.88 41,842,961.06
Other non-current liabilities 2,687,026,225.00 2,728,322,939.90
Total non-current liabilities 6,569,254,039.57 7,362,817,149.98
Total liabilities 41,803,400,414.70 35,786,892,905.10
Owners equity(or shareholders equity)
Paid up capital (or Share capital) 4,662,886,108.00 4,662,886,108.00
Capital reserves 3,204,855,037.07 3,611,380,385.08
Less: Treasury shares
Special reserves 5,568,725.35 1,670,967.02
Other comprehensive income 196,152,857.87 227,815,099.08
Surplus reserves 1,816,272,976.53 1,816,272,976.53
General reserve
Undistributed profit 13,529,050,750.78 8,543,591,148.40
Equity attributable to owners 23,414,786,455.60 18,863,616,684.11
Minority interests -152,417,415.88 -138,401,842.19
Total Owners equity (or Shareholdersequity) 23,262,369,039.72 18,725,214,841.92
TOTAL LIABILITIES AND OWNERS EQUITY( OR
65,065,769,454.42 54,512,107,747.02
SHAREHOLDERS EQUITY)
2、Balance Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. Sep. 30 2014 in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 7,281,528,644.72 3,290,584,684.00
Financial assets held for trading
Notes receivable 13,272,445,500.66 10,612,070,124.82
Accounts receivable 2,518,476,426.37 1,393,930,437.57
Prepayments 965,098,949.99 1,006,257,953.21
Interest receivable
Dividend receivable 3,650,000,000.00
Other receivables 300,241,330.69 550,745,735.30
9
Inventories 5,789,815,988.28 3,995,173,686.02
Classified as assets held for sale
Non-current assets within one year
Other current assets 153,040.80
Total current assets 33,777,759,881.51 20,848,762,620.92
Non-current assets:
Available-for-sale financial assets 295,894,274.00 285,066,774.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 11,883,300,266.88 13,658,387,927.37
Investment properties
Fixed assets 12,174,546,787.56 11,991,246,390.25
Construction in progress 996,105,647.53 1,227,441,848.35
Construction materials 96,690.75 96,690.75
Liquidation of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 2,155,624,599.41 1,854,137,128.97
Development expenditure 611,080,206.10 612,487,126.25
Goodwill
Long-term deferred expenses 405,180.00 540,240.00
Deferred tax assets 1,099,003,150.45 897,445,610.07
Other non-current assets 68,651,980.79 244,336,881.52
Total non-current assets 29,284,708,783.47 30,771,186,617.53
TOTAL ASSETS 63,062,468,664.98 51,619,949,238.45
Current liabilities:
Short-term loans 200,000,000.00 1,200,000,000.00
Financial liabilities held for trading
Notes payable 12,213,713,804.85 7,579,635,615.92
Accounts payable 9,237,229,328.79 6,807,637,925.32
Advances from customers 5,372,595,405.11 4,277,575,537.45
Payroll payable 668,108,095.48 710,331,644.30
Taxes payable 919,180,402.91 478,169,294.18
Interest payable 47,496,333.33 77,672,045.84
Dividend payable
Other payables 1,049,485,909.74 1,404,722,740.89
Liabilities classified as held for sale
Non-current liabilities within one year 520,000,000.00
Other current liabilities 2,383,006,923.61 1,677,944,402.50
Total current liabilities 32,090,816,203.82 24,733,689,206.40
Non-current liabilities:
Long-term loans 1,270,000,000.00
10
Bonds payable 1,970,205,199.90 1,967,266,759.93
Long-term payables 24,215,822.74 24,587,000.00
Special payables 118,758,053.18 129,901,302.92
Estimated liabilities 1,364,639,768.69 761,596,810.09
Deferred tax liabilities 24,630,750.00 23,006,625.00
Other non-current liabilities 2,175,359,734.55 2,218,891,199.06
Total non-current liabilities 5,677,809,329.06 6,395,249,697.00
Total liabilities 37,768,625,532.88 31,128,938,903.40
Owners’ equity (or Shareholders’ equity):
Paid up capital (or Share capital) 4,662,886,108.00 4,662,886,108.00
Capital reserves 2,808,618,786.16 3,206,920,753.13
Less: Treasury shares
Special reserves 513,566.35
Other comprehensive income
Surplus reserves 1,816,272,976.53 1,816,272,976.53
General reserve
Retained earnings 15,836,627,157.19 10,645,127,982.64
Foreign currency reserve
Equity attributable to owners 25,293,843,132.10 20,491,010,335.05
TOTAL LIABILITIES AND OWNERS EQUITY( OR 63,062,468,664.98 51,619,949,238.45
SHAREHOLDERS EQUITY)
3、Consolidated Income Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jul-Sep 2014 in RMB yuan
Account Current Period Prior Period
I. Total operating revenue 12,544,777,769.25 8,429,923,121.91
Including: operating revenue 12,544,777,769.25 8,429,923,121.91
Interest income
Earned premium
Fee and commission income
II. Total operating cost 12,669,682,099.02 8,920,111,779.37
Including: Operating cost 10,086,674,608.63 7,053,154,226.90
Interest expenses
Fee and commission expenses
Surrender value
Compensation expenses
Net insurance contract reserve
Policy dividend expenses
Reinsurance expenses
Business tax and surcharges 501,882,319.90 276,004,557.85
Operating expenses 1,034,896,118.03 828,022,477.20
11
General and administrative expenses 1,037,674,080.88 741,692,671.52
Financial expenses 8,130,849.57 21,237,845.90
Impairment loss on assets 424,122.01
Add: Profit and loss from fair value changes (- represent loss)
Investment income (- represent loss) 1,916,293,063.73 1,315,076,179.17
Including: Investment income from associates and from 1,912,506,547.56 1,311,656,179.17
joint venture
Net foreign exchange differences(- means loss)
III. Operating profit (- represent loss) 1,791,388,733.96 824,887,521.71
Add: Non-operating income 74,091,651.63 21,888,285.81
Less: Non-operating expenses 10,903,624.47 1,649,638.37
Including: loss on disposal of non-current assets 7,512,147.05 28,023.25
IV. Total profit(- represent loss) 1,854,576,761.12 845,126,169.15
Less: Income tax expense 31,563,620.08 -41,899,845.33
V. Net profit (- represent net loss) 1,823,013,141.04 887,026,014.48
Including: The net profit of the combined parties before business
combination
Net profit attributable to owners 1,824,763,530.91 905,924,934.73
Minority interests -1,750,389.87 -18,898,920.25
VI. Earnings per share: -- --
I) Basic earnings per share 0.39 0.19
II) Diluted earnings per share 0.39 0.19
VII. Other comprehensive income 29,804,503.37 24,318,912.00
Where: Other comprehensive income items can not be reclassified
into profit or loss in future accounting periods
other comprehensive income items satisfied predetermined
condition will be reclassified to profit or loss in the future accounting
period
VIII. Total comprehensive income 1,852,817,644.41 911,344,926.48
Total comprehensive income attributable to owners 1,854,568,034.28 930,243,846.73
-1,750,389.87 -18,898,920.25
Total comprehensive income attributable to minority interest
4、Income Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jul-Sep 2014 in RMB yuan
Account Current Period Prior Period
I. Operating revenue 12,368,730,785.87 7,408,717,050.78
Less: Operating cost 10,055,370,633.02 6,060,887,715.35
Business tax and surcharges 451,123,681.12 250,196,296.64
Operating expenses 952,887,539.52 792,961,493.69
General and administrative expenses 917,664,800.01 611,431,748.38
Financial expenses 1,586,113.81 16,077,085.42
Impairment loss on assets 424,122.01
12
Add: Profit and loss from fair value Changes (- represent loss)
Investment income (- represent loss) 1,915,347,319.06 1,314,522,845.84
Including: Investment income from associates and from
1,912,506,547.56 1,311,656,179.17
joint venture
II. Operating profit (- represent loss) 1,905,021,215.44 991,685,557.14
Add: Non-operating income 91,981,227.67 16,042,918.42
Less: Non-operating expenses 41,227,870.30 1,142,698.09
Including: loss on disposal of non-current assets 38,652,697.08 16,403.75
III. Total profit(- represent loss) 1,955,774,572.81 1,006,585,777.47
Less: Non-operating expenses 32,430,772.67 -44,420,782.23
IV. Net profit (- represent net loss) 1,923,343,800.14 1,051,006,559.70
V. Earnings per share: -- --
I) Basic earnings per share 0.41 0.23
II) Diluted earnings per share 0.41 0.23
VI. Other comprehensive income 29,942,773.12, 20,268,125.00
Where: Other comprehensive income items can not be reclassified
into profit or loss in future accounting periods
other comprehensive income items satisfied predetermined
condition will be reclassified to profit or loss in the future accounting
period
VII. Total comprehensive income 1,953,286,573.26 1,071,274,684.70
5、Consolidated Income Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2014 in RMB yuan
Account Current Period Prior Period
I. Total operating revenue 36,751,508,411.20 28,640,989,715.25
Including: operating revenue 36,751,508,411.20 28,640,989,715.25
Interest income
Earned premium
Fee and commission income
II. Total operating cost 37,430,354,796.59 29,729,635,549.51
Including: Operating cost 30,082,157,100.79 24,057,219,746.49
Interest expenses
Fee and commission expenses
Surrender value
Compensation expenses
Net insurance contract reserve
Policy dividend expenses
Reinsurance expenses
Business tax and surcharges 1,426,977,822.94 917,782,937.50
Operating expenses 3,149,926,143.70 2,498,595,749.34
General and administrative expenses 2,641,034,289.95 2,056,668,646.01
Financial expenses 97,280,409.78 74,092,526.38
13
Impairment loss on assets 32,979,029.43 125,275,943.79
-332,407.00
Add: Profit and loss from fair value changes (- represent loss)
Investment income (- represent loss) 6,000,333,310.21 3,119,847,794.75
Including: Investment income from associates and from 5,911,263,048.22 3,085,797,974.51
joint venture
Net foreign exchange differences(- means loss)
III. Operating profit (- represent loss) 5,321,486,924.82 2,030,869,553.49
Add: Non-operating income 164,545,237.67 80,538,111.53
Less: Non-operating expenses 16,158,262.80 19,699,508.14
Including: loss on disposal of non-current assets 9,632,111.62 4,162,103.62
IV. Total profit(- represent loss) 5,469,873,899.69 2,091,708,156.88
Less: Income tax expense 31,032,943.54 -12,830,236.70
V. Net profit (- represent net loss) 5,438,840,956.15 2,104,538,393.58
Including: The net profit of the combined parties before business -43,588,252.13 -100,466,458.67
combination
Net profit attributable to owners 5,452,856,529.84 2,136,428,302.39
Minority interests -14,015,573.69 -31,889,908.81
VI. Earnings per share: -- --
I) Basic earnings per share 1.17 0.46
II) Diluted earnings per share 1.17 0.46
VII. Other comprehensive income -31,662,241.21 -2,129,148.00
Where: Other comprehensive income items can not be reclassified
into profit or loss in future accounting periods
other comprehensive income items satisfied predetermined
condition will be reclassified to profit or loss in the future accounting
period
VIII. Total comprehensive income 5,407,178,714.94 2,102,409,245.58
Total comprehensive income attributable to owners 5,421,194,288.63 2,134,299,154.39
-14,015,573.69 -31,889,908.81
Total comprehensive income attributable to minority interest
6、Income Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2014 in RMB yuan
Account Current Period Prior Perid
I. Operating revenue 36,531,504,293.67 23,424,783,845.30
Less: Operating cost 30,451,785,175.65 19,479,633,047.69
Business tax and surcharges 1,266,021,661.93 800,541,790.04
Operating expenses 2,824,148,467.73 2,073,050,712.76
General and administrative expenses 2,241,541,783.18 1,711,581,294.41
Financial expenses 80,666,771.69 62,919,475.13
Impairment loss on assets 37,651,812.28 93,368,086.68
Add: Profit and loss from fair value Changes (- represent loss)
Investment income (- represent loss) 5,951,181,255.18 3,121,485,444.18
14
Including: Investment income from associates and from 5,911,263,048.22 3,085,797,974.51
joint venture
II. Operating profit (- represent loss) 5,580,869,876.39 2,325,174,882.77
Add: Non-operating income 142,672,576.70 61,021,128.65
Less: Non-operating expenses 45,921,672.51 17,331,702.13
Including: loss on disposal of non-current assets 40,525,925.75 3,705,722.03
III. Total profit(- represent loss) 5,677,620,780.58 2,368,864,309.29
Less: Non-operating expenses 18,724,678.57 -41,768,786.00
IV. Net profit (- represent net loss) 5,658,896,102.01 2,410,633,095.29
V. Earnings per share: -- --
I) Basic earnings per share 1.21 0.52
II) Diluted earnings per share 1.21 0.52
VI. Other comprehensive income 9,122,023.12 22,178,625.00
Where: Other comprehensive income items can not be reclassified
into profit or loss in future accounting periods
other comprehensive income items satisfied predetermined
condition will be reclassified to profit or loss in the future accounting
period
VII. Total comprehensive income 5,668,018,125.13 866,741,491.82
7、Consolidated cash flow statement
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2014 in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 34,603,553,486.27 29,126,416,525.49
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
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 88,390,158.10 28,269,313.27
Cash received relating to other operating activities 348,217,331.95 667,398,464.41
Sub-total of cash inflows 35,040,160,976.32 29,822,084,303.17
Cash paid for goods and services 21,451,435,766.56 19,867,729,439.41
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
15
Cash payments for interest and fee and commission expenses
Cash payments for policy dividend
Cash paid to and on behalf of employees 2,929,734,006.61 1,981,195,033.62
Cash paid for all types of taxes 2,727,712,499.51 2,010,840,490.53
Cash paid relating to other operating activities 3,170,937,873.28 3,387,241,419.56
Sub-total of cash outflows 30,279,820,145.96 27,247,006,383.12
Net cash flows from operating activities 4,760,340,830.36 2,575,077,920.05
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments 9,299,199.77 8,232,153.38
Cash received from return on investments 4,161,840,637.96 1,632,693,160.50
Net cash received from disposal of fixed assets, intangible assets 4,220,942.31 1,175,300.58
and other long-term assets
Cash and cash equivalents of subsidiary receipts upon a
acquisition
Cash received relating to other investing activities 39,692,452.00
Sub-total of cash inflows 4,175,360,780.04 1,681,793,066.46
Cash paid for acquisition of fixed assets, intangible assets and 1,274,206,756.19 1,934,916,625.36
other long-term assets
Cash paid for acquisition of investments 441,846,276.62 5,299,732.68
Net increase in pledged loan
Cash paid for acquisition of subsidiary and other business units
Cash paid relating to other investing activities 80,000.00
Sub-total of cash outflows 1,716,053,032.81 1,940,296,358.04
Net cash flows from investing activities 2,459,307,747.23 -258,503,291.58
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment 3,038.44 100,000,000.00
Including: cash received from absorbing investment from minority
interest of subsidiary
Cash received from borrowings 80,000,000.00 988,000,000.00
Cash received from issuing bond
Cash received relating to other financing activities 422,871,817.29 39,878,401.46
Sub-total of cash inflows 502,874,855.73 1,127,878,401.46
Cash repayments of borrowings 2,970,000,000.00 1,231,000,000.00
Cash paid for distribution of dividends or profits and interest 655,453,955.49 408,153,461.89
expenses
Including: cash paid for dividends or profits and interest expenses
to minority interest of subsidiary
Cash paid relating to other financing activities 297,828,188.70 804,291.91
Sub-total of cash outflows 3,923,282,144.19 1,639,957,753.80
Net cash flows from financing activities -3,420,407,288.46 -512,079,352.34
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON -4,370,175.52 -1,068,464.74
CASH
V. NET INCREASE IN CASH AND CASH 3,794,871,113.61 1,803,426,811.39
EQUIVALENTS
Add: Opening balance of cash and cash equivalents 3,942,941,861.56 4,643,494,705.55
16
VI. CLOSING BALANCE OF CASH AND CASH 7,737,812,975.17 6,446,921,516.94
EQUIVALENT
8、Cash flow statement
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2014 in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 32,747,931,951.09 22,934,437,905.20
Refunds of taxes 4,883,000.00
Cash received relating to other operating activities 186,160,080.81 574,221,089.77
Sub-total of cash inflows 32,934,092,031.90 23,513,541,994.97
Cash paid for goods and services 20,930,616,009.18 14,884,416,266.64
Cash paid to and on behalf of employees 2,322,976,387.19 1,488,277,887.61
Cash paid for all types of taxes 2,441,084,316.53 1,723,404,129.27
Cash paid relating to other operating activities 2,646,768,158.58 2,928,900,896.33
Sub-total of cash outflows 28,341,444,871.48 21,024,999,179.85
Net cash flows from operating activities 4,592,647,160.42 2,488,542,815.12
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments 5,189,514.86 8,232,153.38
Cash received from return on investments 4,112,688,582.93 1,636,421,276.39
Net cash received from disposal of fixed assets, intangible assets 1,487,831.98 536,432.49
and other long-term assets
Cash received from disposal of subsidiary and other business units
Cash received relating to other investing activities 250,000,000.00 150,000,000.00
Sub-total of cash inflows 4,369,365,929.77 1,795,189,862.26
Cash paid for acquisition of fixed assets, intangible assets and 1,097,495,278.06 1,669,745,624.29
other long-term assets
Cash paid for acquisition of investments 441,846,276.62 5,299,732.68
Cash paid for acquisition of subsidiary and other business units
Cash paid relating to other investing activities 250,000,000.00
Sub-total of cash outflows 1,539,341,554.68 1,925,045,356.97
Net cash flows from investing activities 2,830,024,375.09 -129,855,494.71
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment 3,038.44
Cash received from borrowings 790,000,000.00
Cash received from issuing bond
Cash received relating to other financing activities 990.49
Sub-total of cash inflows 4,028.93 790,000,000.00
Cash repayments of borrowings 2,790,000,000.00 1,020,000,000.00
Cash paid for distribution of dividends or profits and interest
641,731,603.72 395,798,352.90
expenses
Cash paid relating to other financing activities
Sub-total of cash outflows 3,431,731,603.72 1,415,798,352.90
17
Net cash flows from financing activities -3,431,727,574.79 -625,798,352.90
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON
CASH
V. NET INCREASE IN CASH AND CASH
3,990,943,960.72 1,732,888,967.51
EQUIVALENTS
Add: Opening balance of cash and cash equivalents 3,290,584,684.00 3,081,165,146.84
VI. CLOSING BALANCE OF CASH AND CASH 7,281,528,644.72 4,814,054,114.35
EQUIVLANT
2. Auditor’s report
The 3rd quarterly report has not been audited.
18
