2015 First Quarter Report
Of
Chongqing Changan Automobile Company Limited
April, 2015
1
Chapter 1 Important Notes
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.
Other directors attended the board meeting for reviewing the first quarter report except for the following
director:
Name of the Director The position for the Reasons for the absence Name of the consignee
absent director
Peng Shaobing Independent Peng On Health Reasons N/A
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.
2
Chapter 2 Changes in Key Financial Data and Shareholders
2.1 Main accounting financial data
During the reporting period the previous financial data whether the retroactive adjustment or restatement
√Yes □ No
In RMB Yuan
The reporting The same period last year Changed (%)
period Before adjustment Adjusted Adjusted
Operating income 18,197,185,337.09 12,190,744,951.20 12,192,042,572.79 49.25%
Net profit attributable to shareholders of
2,494,491,155.26 1,972,655,941.55 1,927,643,120.49 29.41%
the Company
Net profit excluding non-recurring gains
and losses attributable to shareholders of 2,349,996,871.48 1,913,375,369.83 1,868,362,548.77 25.78%
listed company
cash flow from operating activities 2,773,784,253.36 406,079,486.24 355,294,998.59 680.70%
Basic earnings per share 0.53 0.42 0.41 29.27%
Diluted earnings per share Not applicable Not applicable Not applicable Not applicable
0.48percentage points
Weighted average return on net assets 9.28% 9.98% 9.76%
decreased
This reporting End of 2014 Changed (%)
period Before Adjustment Adjusted Adjusted
Total assets 75,471,232,470.04 69,687,352,890.82 69,687,352,890.82 8.30%
Net assets attributable to shareholders of
28,107,948,242.20 25,637,298,549.80 25,637,298,549.80 9.64%
listed company
Accidental gain/loss item and amount
√ Applicable □ Not applicable
In RMB Yuan
Amount of the period from the
Item beginning of year to the end of Explanation
report term
Gain/loss of non-current assets -2,329,321.27
Government subsidies accounted into current gain/loss account, other than
those closely related to the Company’s common business, comply with the 152,436,563.17
national policy and continues to enjoy at certain fixed rate or amount.
Other non-business income and expenditures other than the above 30,158,496.89
Less: Influenced amount of income tax 33,767,147.76
Influenced amount of minority shareholders’ equity 2,004,307.25
Total 144,494,283.78
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for
Companies Offering their Securities to the Public-Non-recurring Gains and Losses and its non-recurring gain/loss items as illustrated
in the Explanatory Announcement No.1 on information Disclosure for Companies offering their securities to the public-non-recurring
Gains and losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
In reporting period, the Company has no particular items defined as recurring profit (gain)/loss according to the lists of extraordinary
profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public ---
Extraordinary Profit/loss.
3
2.2 Total number of shareholders at the end of the report period and statement on shares held by the top ten
tradable shareholders
2.2.1 Total number of shareholders at the end of the report period and statement on shares held by the top ten
tradable shareholders
Unit: share
As of the reporting period, the total Totaled 97,447 , of which 84,151 was A share shareholders and 13,296 were B share
number of shareholders shareholders.
Top 10 Shareholders
Properties of Shareholding Number of Conditional Pledging or freezing
Name of the shareholder
shareholder (%) shares shares Share status Amount
State-owned legal No pledge or
China Changan Automobile Co., Ltd. 39.11% 1,823,595,216 373,358,342 0
person shares frozen
National Social Security Fund- domestic non-state No pledge or
1.29% 60,014,324 0
Portfolio 102 legal person shares frozen
United Prosperity Investment Co., foreign legal No pledge or
0.97% 45,195,100 0
Limited person shares frozen
VALUE PARTNERS CLASSIC foreign legal No pledge or
0.87% 40,648,810 0
FUND person shares frozen
China Life Insurance Co., Ltd - No pledge or
domestic non-state
dividend - personal dividend 0.80% 37,366,989 frozen 0
legal person shares
-005L-FH002 Shen
HTHK-MANULIFE CHINA VALUE foreign legal No pledge or
0.74% 34,519,781 0
FUND person shares frozen
Agricultural Bank of China Dacheng No pledge or
domestic non-state
innovation growth of hybrid securities 0.67% 31,308,806 frozen 0
legal person shares
investment fund (LOF)
Bank of Communications－Hua’an No pledge or
domestic non-state
Strategy stock securites investment 0.66% 30,844,129 frozen 0
legal person shares
fund
Bank of China－Dacheng Blue chip domestic non-state No pledge or
0.62% 28,991,103 frozen 0
securites investment fund legal person shares
DRAGON BILLION CHINA foreign legal No pledge or
0.59% 27,507,564 0
MASTER FUND person shares frozen
Top 10 holders of unconditional shares
Amount of shares Category of shares
Name of the shareholder without sales
restriction Category of shares Amount
China Changan Automobile Co., Ltd. 1,450,236,874 RMB Ordinary share 1,450,236,874
National Social Security Fund- Portfolio 102 60,014,324 RMB Ordinary share 60,014,324
Domestic listed foreign
United Prosperity Investment Co., Limited 45,195,100 45,195,100
shares
Domestic listed foreign
VALUE PARTNERS CLASSIC FUND 40,648,810 40,648,810
shares
China Life Insurance Co., Ltd - dividend - personal dividend
37,366,989 RMB Ordinary share 37,366,989
-005L-FH002 Shen
Domestic listed foreign
HTHK-MANULIFE CHINA VALUE FUND 34,519,781 34,519,781
shares
Agricultural Bank of China Dacheng innovation growth of hybrid
31,308,806 RMB Ordinary share 31,308,806
securities investment fund (LOF)
Bank of Communications－Hua’an Strategy stock securites
30,844,129 RMB Ordinary share 30,844,129
investment fund
4
Bank of China－Dacheng Blue chip securites investment fund 28,991,103 RMB Ordinary share 28,991,103
Domestic listed foreign
DRAGON BILLION CHINA MASTER FUND 27,507,564 27,507,564
shares
Among the top 10 shareholders, China Changan Automobile
Group Co., Ltd., the controlling shareholder, and its wholly
Explanation on the relationship and the action alike of above owned subsidiary United Prosperity Investment Co., Limited.
shareholders belong to the concerted actor regulated by “Disclosure
Administration of Shares Change Information of The Listed
Company”.
Whether the company top 10 shareholders of ordinary shares, and the top 10 circulated shareholders agreed on the repurchase
transactions during the report period
□Available √Non available
2.2.2 Total number of preferred shareholders at the end of the report period and statement on preferred shares held
by the top ten tradable shareholders
□Available √Non available
Chapter 3 Important Matters
3.1 Significant changes&reasons in major accounting data, financial indicators
In RMB Yuan
Balance Sheet Items Mar. 31st,2015 Jan. 1st, 2015 Changes (%)
1 Accounts receivable 1,548,140,513.10 758,876,190.82 104.00%
2 Other receivables 425,789,800.84 260,457,285.50 63.48%
3 Other current assets 2,143,319.45 3,370,219.83 -36.40%
4 Long-term deferred expenses 2,603,829.10 1,687,863.32 54.27%
5 Other non-current assets 220,777,273.92 60,901,712.09 262.51%
6 Payroll payable 546,717,874.07 1,022,369,664.80 -46.52%
7 Taxes payable 807,661,171.39 36,024,006.54 2142.01%
8 Interest payables 99,693,000.00 73,458,000.00 35.71%
9 Other payables 1,140,229,266.68 2,007,416,635.58 -43.20%
10 Special reserves 12,187,995.06 7,864,849.94 54.97%
Income Statement Items Jan-Mar 2015 Jan-Mar 2014 Changes (%)
11 Operating revenue 18,197,185,337.09 12,192,042,572.79 49.25%
12 Operating cost 15,455,790,245.73 10,289,165,280.48 50.21%
13 Business tax and surcharges 862,134,686.68 472,436,596.04 82.49%
14 General and administrative expenses 897,295,094.06 590,584,107.09 51.93%
15 Financial expenses -9,831,149.81 55,846,970.48 -117.60%
16 Impairment loss on assets 138,588.40 873,662.79 -84.14%
17 Non-operating income 183,195,663.93 37,895,842.68 383.42%
18 Income tax expense 110,290,285.35 -5,659,865.06 2048.64%
Cash Flow Statement Items Jan-Mar 2015 Jan-Mar 2014 Changes (%)
Net Cash flow generated by business
19 operation 2,773,784,253.36 355,294,998.59 681.00%
5
20 Net cash flow generated by investment -530,913,758.99 -852,944,951.40 38.00%
21 Net cash flow generated by financing 47,504,723.04 -52,325,815.51 191.00%
22 Net increase of cash and cash equivalents 2,295,470,823.30 -549,030,242.32 518.00%
As at the end of reporting period, the Company’s total asset is 75.5 Billion Yuan, with 8.11% growth compared with the beginning
of the year; the total liability is 47.6 Billion Yuan, with 7.53% growth compared with the beginning of the year; the debt asset ratio is
63.02%, which is 0.45% lower than that at the beginning of the year. Compared with beginning of the year, the huge increase of
accounts receivable is mainly due to the substantial growth on car sales; huge increase of other receivables is mainly due to the
expansion of business scale; huge increase of other non-current assets is mainly due to the newly received land this year; huge
reduction of Employees' salary and benefits payable is mainly due to the payment of salary and bonus accrued last year; increase of tax
payable is mainly due to the increase of VAT payable and business income taxes; increase of interest payable is due to the increase of
bond interest payable; the decrease of other payable is due to the payment of expense, such as construction expense, processing
expense and advertising expense et al; increase of special reserve is due to the increase of safety production cost.
During the reporting period, as the sales volume of Changan automobile increased sharply, the operation revenue and
operating costs increased accordingly. The increase of business tax and surcharges was due to the increase of consumption tax resulting
from the growth of sales and the increased portion of cars charged with higher tax rate; the increase of administration expenses results
in the increase of employees' salary and benefits; the decrease of financial expense is due to the repayment of loans to financial
institutions and the increase of interest return; the huge increase of non-operating income is due to the increase of government
subsidies; the increase of income tax expense is due to the decrease of the deferred income tax assets.
During the reporting period, the cash and cash equivalent increased by 2.29 billion Yuan, a year-on-year increase of 518.00%,
mainly resulting from the net cash flow generated from operating activities increasing by 2.42 billion Yuan. And the increase of net
cash flow generated from operating activities is mainly due to the sales growth rate much greater than that of the purchase of goods, the
tax paid in cash and the cash payments to employees. The increase in amounts of cash flows from investing activities is 0.32 Billion
Yuan, a year-on-year increase of 38.00%, which is due to the decrease of cash paid for investment. Net cash flows from
financing activities increase by 0.1 billion yuan, a year-on-year increase 191.00%, which is due to the decrease of the distribution of
dividends, profits or the cash payments for interests and the increase of debt repayment in cash..
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
√Applicable □Not Applicable
In March 6, 2015, the 29th meeting of the sixth board of directors of the company discussed and passed the bill of taking a stake
in Chongqing Automobile Financing Company, and the company will invest 1.155 Billion Yuan, accounting for 35% of the equity. In
March 25, 2015, in the 1st Extraordinary Shareholders’ General Meeting of 2015 discussed and passed the bill of taking a stake in
Chongqing Automobile Financing Company.
In April 22, 2015,the 33rd meeting of the sixth board of directors of the company discussed and passed the plan on private
placing in 2015.The private placement is 0.321 billion shares, with the fundraising 6 billion Yuan.
Details please refer to relevant announcements of tidal wave in the web of www.cninfo.com.cn.
Description of the Important Items Disclosure Date Interim reports disclosure Web Query
1. Announcement of Related Transactions
http://www.cninfo.com.cn/finalpage/2015-03-07/1200676764.P
on taking a stake in Chongqing 2015.3.7
DF
Automobile Financing Company
2. Public Notice on Resolution of 1st
http://www.cninfo.com.cn/finalpage/2015-03-26/1200742339.P
Extraordinary Shareholders’ General 2015.3.26
DF
Meeting of 2015
http://www.cninfo.com.cn/finalpage/2015-04-23/1200890058.P
3.Plan on private placing in 2015 2015.4.23
DF
3.3 Commitments make within the report period or persisted to the period by the Company
or shareholder with over 5 percent shares held
Commitment Item Promise Promise content Performance
1.Will abide by the laws, regulations and rules, to By the end of reporting term, Limited
perform the legal obligations.2. Held by the original conditions of the sale of shares of the
non-tradable shares from obtaining the right to list and company held by the shareholders of
The commitments of trade date, At least 24 months is not publicly traded or China Changan 1,913,557,480shares,
China Changan transferred, The 24 months after the expiration of the The 1,538,287,238conditions for the
stock reform
term of, Non-tradable shareholders stock exchange unlimited sale of shares, The
through the sale of shares, The sale of shares of the remaining 373,358,342 shares for the
company accounted for the proportion of the total limited conditions of the sale of shares,
number of within 12 months and not more than five According to the commitments to the
6
percent, In 24 months of no more than ten percent,3. management equity incentive plan
Company in the shares changed after the completion implemented after the lifting of
of According to the national related management restrictions on sale
systems and methods for implementing the
management equity incentive plan
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
Other small shareholder China Changan commitment: In two Group Company Ltd. at present is still
shareholders China Changan consecutive years profit of Harbin HF Automobile running at a loss, The conditions have
commitment Industry Group Company Ltd. With the continuous not yet reached the profitable for two
development ability and management level is consecutive years.
improved significantly under the condition of,
Proposed that enterprise into the company.
3.4 Forecast of operation performance from Jan. – June of 2015
□Applicable √Not Applicable
3.5 Securities Investment
√Applicable □Non-applicable
Opening Opening Closing Closing
Gain/loss in
Company Company equity equity equity equity Closing book the reporting Equity
value (RMB Accounting title
name variety Holdings holding ratio holdings Holdings Yuan) period (RMB source
(%) Yuan)
(share) (share) （%）
Southwest Securities Tradable
17,750,000 0.76% 17,750,000 0.76% 384,642,500 0 Initial investment
Securities Firm financial assets
Total 17,750,000 0.76% 17,750,000 0.76% 384,642,500 0
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
2015.1.4 Zealustre Assets
Changan Headquarters Survey Company’s Business
Meeting Room, On-Site Automotive Industry Development and
2015.2.4 Guotai Junan Securities、Mirae Asset
Changan Headquarters Survey Company’s Business
CITIC Securities、Huaan Funds、
CITIC-Prudential Fund Management Co.、
Meeting Room, On-Site Automotive Industry Development and
2015.2.6 Harvest Fund、PICC Asset Management Company’s Business
Changan Headquarters Survey
Co.、Changsheng Fund Management Co.、
Value Partners
Meeting Room, On-Site Automotive Industry Development and
2015.3.6 China Minzu Securities
Changan Headquarters Survey Company’s Business
Meeting Room, On-Site Angel Incestment Co.、CITIC Securities Automotive Industry Development and
2015.3.13
Changan Headquarters Survey International Company’s Business
7
§4. Attachment
4.1 Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 11,930,658,153.41 9,693,083,497.78
Deposit Reservation for Balance
Funds loaned to other financial institutions
Financial assets held for trading
Notes receivable 18,222,216,420.03 17,780,161,662.94
Accounts receivable 1,548,140,513.10 758,876,190.82
Prepayments 903,689,774.20 839,752,551.46
Premiums receivable
Reinsurance receivable
Reinsurance reserve receivable
Interest receivable 22,083,194.44 22,083,194.44
Dividend receivable
Other receivables 425,789,800.84 260,457,285.50
Reverse repurchase agreements
Inventories 6,406,084,411.81 6,572,186,481.51
Non-current assets within one year
Other current assets 2,143,319.45 3,370,219.83
Total current assets 39,460,805,587.28 35,929,971,084.28
Non-current assets:
Entrustment loans and advances
Available-for-sale financial assets 533,451,774.00 544,456,774.00
Held-to-maturity investments 0.00
Long-term receivables 281,717.65 280,450.40
Long-term equity investments 14,508,867,764.43 12,466,481,788.64
Investment properties 987,442.85 1,006,267.37
Fixed assets 14,020,088,607.30 14,565,579,796.38
Construction in progress 1,506,471,155.44 1,273,996,965.24
Construction materials 96,690.75 96,690.75
Liquidation of fixed assets 4,447,680.76 12,412.53
Productive biological assets
Oil and gas asset
Intangible assets 2,797,196,327.72 2,878,965,225.15
Development expenditure 723,075,778.81 627,845,455.00
Goodwill 9,804,394.00 9,804,394.00
Long-term deferred expenses 2,603,829.10 1,687,863.32
8
Deferred tax assets 1,237,617,262.79 1,160,584,772.58
Other non-current assets 220,777,273.92 60,901,712.09
Total non-current assets 36,010,426,882.76 33,757,381,806.54
TOTAL ASSETS 75,471,232,470.04 69,687,352,890.82
Current liabilities:
Short-term loans 90,000,000.00 90,000,000.00
Due to The People’s Bank of China
Placements of deposits from other financial institutions
Funds borrowed from other financial institutions
Financial liabilities held for trading Notes payable
Notes payable 14,964,002,526.84 13,108,623,397.32
Accounts payable 15,425,255,613.50 13,038,793,688.31
Advances from customers 5,015,450,288.42 5,802,717,284.79
Repurchase agreements
Commission payable
Payroll payable 546,717,874.07 1,022,369,664.80
Taxes payable 807,661,171.39 36,024,006.54
Interest payables 99,693,000.00 73,458,000.00
Dividend payables 79,742.80 79,742.80
Other payables 1,140,229,266.68 2,007,416,635.58
Reinsurance payable
Reinsurance reserve payable
Commission of security trading
Commission of underwriting
Non-current liabilities within one year
Other current liabilities 3,038,137,733.00 2,921,898,971.68
Total current liabilities 41,127,227,216.70 38,101,381,391.82
Non-current liabilities:
Long-term loans
Bonds payable 1,972,164,159.88 1,971,184,679.89
Long-term employee benefit payables 45,398,717.92 48,317,000.00
Special payables 132,594,166.31 146,635,935.13
Provisions 1,575,337,776.92 1,221,114,880.50
Deferred Revenue 2,653,880,626.78 2,687,392,181.26
Deferred tax liabilities 54,790,171.55 55,915,125.00
Other non-current liabilities
Total non-current liabilities 6,434,165,619.36 6,130,559,801.78
Total liabilities 47,561,392,836.06 44,231,941,193.60
Owners’ equity (or Shareholders’ equity):
Paid up capital (or Share capital) 4,662,886,108.00 4,662,886,108.00
Capital reserves 3,227,489,320.83 3,227,489,320.83
Less: Treasury shares
Other consolidated income 263,848,789.26 292,013,397.24
9
Special reserves 12,187,995.06 7,864,849.94
Surplus reserves 2,331,443,054.00 2,331,443,054.00
General reserve
Retained earnings 17,610,092,975.05 15,115,601,819.79
Foreign currency reserve -44,205,335.71 -25,394,977.73
Equity attributable to owners 28,107,948,242.20 25,637,298,549.80
Minority interests -198,108,608.22 -181,886,852.58
Total Owners’ equity (or Shareholders’ equity) 27,909,839,633.98
25,455,411,697.22
4.2 Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 11,108,921,459.83 8,828,152,864.35
Financial assets held for trading
Notes receivable 17,835,861,971.50 17,437,167,211.16
Accounts receivable 4,224,170,339.31 2,761,909,831.22
Prepayments 809,084,308.13 718,818,105.48
Interest receivable 22,083,194.44 22,083,194.44
Dividend receivable
Other receivables 601,708,914.69 668,159,856.84
Inventories 5,570,359,759.65 5,742,492,948.04
Non-current assets within one year
Other current assets
Total current assets 40,172,189,947.55 36,178,784,011.53
Non-current assets:
Available-for-sale financial assets 533,451,774.00 544,456,774.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 16,283,193,477.71 13,961,764,958.78
Investment properties
Fixed assets 11,760,713,180.77 12,096,357,952.31
Construction in progress 1,267,947,185.24 1,104,857,686.48
Construction materials 96,690.75 96,690.75
Liquidation of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 2,540,770,201.25 2,609,607,273.08
Development expenditure 627,047,960.29 553,114,237.90
Goodwill
Long-term deferred expenses 315,140.00 360,160.00
Deferred tax assets 1,187,302,796.11 1,074,871,906.67
Other non-current assets 220,777,273.92 60,901,712.09
10
Total non-current assets 34,421,615,680.04 32,006,389,352.06
TOTAL ASSETS 74,593,805,627.59 68,185,173,363.59
Current liabilities:
Short-term loans
Financial liabilities held for trading
Notes payable 14,324,843,905.34 12,543,099,927.12
Accounts payable 13,569,436,892.38 10,740,190,881.58
Advances from customers 5,103,551,394.38 5,759,636,471.07
Payroll payable 467,719,121.29 880,808,485.74
Taxes payable 1,112,221,009.66 377,767,827.46
Interest payable 99,693,000.00 73,458,000.00
Dividend payable 0.00
Other payables 879,557,231.66 1,689,613,940.30
Non-current liabilities within one year
Other current liabilities 2,872,421,461.46 2,699,580,446.95
Total current liabilities 38,429,444,016.17 34,764,155,980.22
Non-current liabilities:
Long-term loans
Bonds payable 1,972,164,159.88 1,971,184,679.89
Long-term employee benefit payables 24,859,717.92 27,778,000.00
Special payables 67,042,998.24 76,263,426.13
Provisions 1,463,141,513.98 1,203,676,749.38
Deferred Revenue 2,174,173,793.15 2,195,144,515.81
Deferred tax liabilities 54,264,375.00 55,915,125.00
Other non-current liabilities
Total non-current liabilities 5,755,646,558.17 5,529,962,496.21
Total liabilities 44,185,090,574.34 40,294,118,476.43
Owners’ equity (or Shareholders’ equity):
Paid up capital (or Share capital) 4,662,886,108.00 4,662,886,108.00
Capital reserves 2,831,662,835.16 2,831,662,835.16
Less: Treasury shares
Other consolidated income 308,086,125.00 317,440,375.00
Special reserves 4,882,360.09 3,127,864.50
Surplus reserves 2,331,443,054.00 2,331,443,054.00
General reserve
Retained earnings 20,269,754,571.00 17,744,494,650.50
Foreign currency reserve
Equity attributable to owners 30,408,715,053.25 27,891,054,887.16
TOTAL LIABILITIES AND OWNERS’ EQUITY( OR SHAREHOLDERS’
74,593,805,627.59
EQUITY) 68,185,173,363.59
11
4.3 Consolidated Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Period
I. Total operating revenue 18,197,185,337.09 12,192,042,572.79
Including: operating revenue 18,197,185,337.09 12,192,042,572.79
II. Total operating cost 18,110,329,632.78 12,388,663,004.11
Including: Operating cost 15,455,790,245.73 10,289,165,280.48
Business tax and surcharges 862,134,686.68 472,436,596.04
Operating expenses 904,802,167.72 979,756,387.23
General and administrative expenses 897,295,094.06 590,584,107.09
Financial expenses -9,831,149.81 55,846,970.48
Impairment loss on assets 138,588.40 873,662.79
Add: Profit and loss from fair value changes (‘-‘ represent loss)
Investment income (‘-‘ represent loss) 2,321,428,518.93 2,074,039,126.10
Including: Investment income from associates and from joint venture 2,321,428,518.93 2,042,385,975.79
III. Operating profit (‘-’ represent loss) 2,408,284,223.24 1,877,418,694.78
Add: Non-operating income 183,195,663.93 37,895,842.68
Less: Non-operating expenses 2,920,202.20 1,929,355.94
Including: loss on disposal of non-current assets 2,328,357.86 182,973.40
IV. Total profit(‘-’ represent loss) 2,588,559,684.97 1,913,385,181.52
Less: Income tax expense 110,290,285.35 -5,659,865.06
V. Net profit (‘-’ represent net loss) 2,478,269,399.62 1,919,045,046.58
Including: The net profit of the combined parties before business
combination
Net profit attributable to owners 2,494,491,155.26 1,927,643,120.49
Minority interests -16,221,755.64 -8,598,073.91
VI. Earnings per share: -- --
I) Basic earnings per share 0.54 0.41
II) Diluted earnings per share 不适用 不适用
VII. Other comprehensive income -28,164,607.98 -30,632,608.14
VIII. Total comprehensive income 2,450,104,791.64 1,888,412,438.44
Total comprehensive income attributable to owners 2,466,326,547.28 1,897,010,512.35
Total comprehensive income attributable to minority interest -16,221,755.64 -8,598,073.91
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4.4 Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Perid
I. Operating revenue 18,072,108,418.41 12,315,254,511.69
Less: Operating cost 15,567,957,070.56 10,572,890,792.21
Business tax and surcharges 789,943,702.12 418,062,217.84
Operating expenses 822,964,978.40 879,500,629.11
General and administrative expenses 758,285,096.77 483,118,705.16
Financial expenses -6,022,146.20 50,395,412.06
Impairment loss on assets 138,588.40 873,662.79
Add: Profit and loss from fair value Changes (‘-’ represent loss)
Investment income (‘-’ represent loss) 2,321,428,518.93 2,046,169,309.12
Including: Investment income from associates and from joint venture 2,321,428,518.93 2,042,385,975.79
II. Operating profit (‘-’ represent loss) 2,460,269,647.29 1,956,582,401.64
Add: Non-operating income 161,996,478.10 29,757,655.06
Less: Non-operating expenses 2,600,739.31 1,529,259.11
Including: loss on disposal of non-current assets 2,049,321.27 0.00
III. Total profit(‘-’ represent loss) 2,619,665,386.08 1,984,810,797.59
Less: Non-operating expenses 94,405,465.58 -18,075,119.37
IV. Net profit (‘-’ represent net loss) 2,525,259,920.50 2,002,885,916.96
V. Earnings per share: -- --
I) Basic earnings per share
II) Diluted earnings per share
VI. Other comprehensive income -9,354,250.00 -23,536,500.00
VII. Total comprehensive income 2,515,905,670.50 1,979,349,416.96
4.5 Consolidated Cash Flow Statement from the beginning of year to the end of report term.
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
17,381,085,430.68 10,404,510,477.25
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
Net increase in saving from incident and investment deposit
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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 42,093,983.86 6,616,148.84
Cash received relating to other operating activities 175,255,971.54 84,639,813.84
Sub-total of cash inflows 17,598,435,386.08 10,495,766,439.93
Cash paid for goods and services 10,255,698,680.16 6,698,481,082.36
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 1,705,646,117.44 1,276,410,217.12
Cash paid for all types of taxes 1,648,207,479.16 1,058,409,580.58
Cash paid relating to other operating activities 1,215,098,855.96 1,107,170,561.28
Sub-total of cash outflows 14,824,651,132.72 10,140,471,441.34
Net cash flows from operating activities 2,773,784,253.36 355,294,998.59
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments
Cash received from return on investments - 31,653,150.31
Net cash received from disposal of fixed assets, intangible assets and other 502,729.67 212,147.07
long-term assets
Cash and cash equivalents of subsidiary receipts upon a acquisition
Cash received relating to other investing activities 380,000.00 -
Sub-total of cash inflows 882,729.67 31,865,297.38
Cash paid for acquisition of fixed assets, intangible assets and other 531,734,753.40 444,610,248.78
long-term assets
Cash paid for acquisition of investments 16,735.26 440,200,000.00
Net increase in pledged loan
Cash paid for acquisition of subsidiary and other business units
Cash paid relating to other investing activities 45,000.00 -
Sub-total of cash outflows 531,796,488.66 884,810,248.78
Net cash flows from investing activities -530,913,758.99 -852,944,951.40
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment
Including: cash received from absorbing investment from minority interest
of subsidiary
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Cash received from borrowings 60,000,000.00 60,000,000.00
Cash received from issuing bond
Cash received relating to other financing activities 77,956,494.33 -38,919,224.10
Sub-total of cash inflows 137,956,494.33 21,080,775.90
Cash repayments of borrowings 60,000,000.00 30,000,000.00
522,633.34 43,397,958.45
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 29,929,137.95 8,632.96
Sub-total of cash outflows 90,451,771.29 73,406,591.41
Net cash flows from financing activities 47,504,723.04 -52,325,815.51
5,095,605.89 945,526.00
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH
2,295,470,823.30 -549,030,242.32
V. NET INCREASE IN CASH AND CASH EQUIVALENTS
Add: Opening balance of cash and cash equivalents 9,362,853,917.71 4,535,825,972.55
11,658,324,741.01 3,986,795,730.23
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.. in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
16,693,919,274.93 9,751,719,727.42
Cash received from sale of goods or rendering of services
Refunds of taxes
158,127,825.48 90,137,804.08
Cash received relating to other operating activities
Sub-total of cash inflows 16,852,047,100.41 9,841,857,531.50
Cash paid for goods and services 10,051,876,365.65 6,242,486,955.04
Cash paid to and on behalf of employees 1,427,856,381.76 1,037,531,311.65
Cash paid for all types of taxes 1,543,448,015.36 969,831,710.09
1,129,574,904.09 981,071,100.58
Cash paid relating to other operating activities
Sub-total of cash outflows 14,152,755,666.86 9,230,921,077.36
Net cash flows from operating activities 2,699,291,433.55 610,936,454.14
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments
Cash received from return on investments - 3,783,333.33
Net cash received from disposal of fixed assets, intangible assets and other 70,031,309.30 32,797.42
long-term assets
Cash received from disposal of subsidiary and other business units
- 95,000,000.00
Cash received relating to other investing activities
15
Sub-total of cash inflows 70,031,309.30 98,816,130.75
Cash paid for acquisition of fixed assets, intangible assets and other 488,537,412.11 376,943,822.58
long-term assets
Cash paid for acquisition of investments 16,735.26 440,200,000.00
Cash paid for acquisition of subsidiary and other business units
Cash paid relating to other investing activities
Sub-total of cash outflows 488,554,147.37 817,143,822.58
Net cash flows from investing activities -418,522,838.07 -718,327,691.83
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
- 38,500,375.00
Cash paid for distribution of dividends or profits and interest expenses
Cash paid relating to other financing activities
Sub-total of cash outflows - 38,500,375.00
Net cash flows from financing activities - -38,500,375.00
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH
2,280,768,595.48 -145,891,612.69
V. NET INCREASE IN CASH AND CASH EQUIVALENTS
8,828,152,864.35 3,290,584,684.00
Add: Opening balance of cash and cash equivalents
11,108,921,459.83 3,144,693,071.31
VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT
4.7 Auditors’Report Auditing Opinion: Unaudited
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