2017 First Quarter Report
Of
Chongqing Changan Automobile Company Limited
April, 2017
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”) hereby guarantee
that no false or misleading statement or major omission was made to the materials in this report and that they will
assume all the responsibilities, individually and jointly, for the trueness, accuracy and completeness of the
contents of this report.
All directors attended the board meeting for reviewing the first quarter report.
The Chairman of the Board Xu Liuping, the Chief Financial Officer Wang Kun and the responsible person of
the accounting institution (Accountant in charge) Mr. Chen Tianyong guarantee the truthfulness and completeness
of the financial statements of the quarter report.
2
Chapter 2 Basic Information
1. Main accounting data and financial indicators
Does the company conduct the retrospective adjustment or restatement of previous years accounting data due to
changes in accounting policies or accounting errors?
□Yes √No
RMB Yuan
The same period of last
The reporting period Variance (%)
year
Operating income 17,667,498,708.59 19,337,756,565.65 -8.64%
Net profit attributable to shareholders of
2,401,344,788.39 2,673,017,139.39 -10.16%
the Company
Net profit excluding non-recurring gains
and losses attributable to shareholders of 2,271,469,057.47 2,529,388,182.32 -10.20%
listed company
cash flow from operating activities 4,326,402,675.44 1,615,418,932.11 167.82%
Basic earnings per share 0.5 0.57 -12.28%
Diluted earnings per share - - -
Weighted average return on net assets 5.36% 7.49% Down 2.13%
The reporting period End of 2016 Variance (%)
Total assets 111,693,930,084.11 106,510,473,733.93 4.87%
Net assets attributable to shareholders of
45,971,402,564.93 43,573,812,403.87 5.50%
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 -1,042,072.84
Government subsidies accounted into current gain/loss account, other than
those closely related to the Company’s common business, comply with the 145,814,963.04
national policy and continues to enjoy at certain fixed rate or amount.
Other non-business income and expenditures other than the above 12,223,879.55
Less: Influenced amount of income tax 26,560,087.66
Influenced amount of minority shareholders’ equity 560,951.17
Total 129,875,730.92
According to “Public offering of securities information disclosure of the company's information disclosure announcement No. 1 –
non-recurring gains and losses “Public offering of securities information disclosure of the company's information disclosure
announcement No. 1 – non-recurring gains and losses” defined non-recurring items ,and Public offering of securities information
disclosure of the company's information disclosure announcement No. 1 - non-recurring gains and losses “The items listed in the
non-recurring items defined as recurring items shall be explained .
□ Applicable √Not applicable
The company in the reporting period does not base on the definition and listing of “Public offering of securities information
disclosure of the company's information disclosure announcement No. 1 – non-recurring gains and losses” about non-recurring gains
and losses to define a case of recurring profit or loss.
2. Total number of shareholders at the end of the reporting period and statement on shares held by the top
ten tradable shareholders
2.1 Total number of shareholders at the end of the reporting period and statement on shares held by the top ten
shareholders
Unit: share
3
As of the reporting period, the total Totaled 176,468, of which 147,180 were A share shareholders and 29,288 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. 40.88 1,963,357,619 139,762,403 0
person shares frozen
domestic general No pledge or
China securities finance Co, Ltd 2.90 139,422,927 0
legal person shares frozen
foreign legal No pledge or
GIC PRIVATE LIMITED 1.82 87,470,365 0
person shares frozen
domestic general No pledge or
Central Huijin Investment Ltd. 1.15 55,393,100 0
legal person shares frozen
United Prosperity Investment Co., foreign legal No pledge or
0.94 45,195,100 0
Limited person shares frozen
National Social Security Fund- fund, finance No pledge or
0.89 42,607,294 0
Portfolio 102 products, etc. frozen
National Social Security Fund- fund, finance No pledge or
0.83 40,004,899 0
Portfolio 103 products, etc. frozen
VALUE PARTNERS foreign legal No pledge or
0.81 38,911,038 0
HIGH-DIVIDEND STOCKS FUNDS person shares frozen
National Social Security Fund- fund, finance No pledge or
0.73 35,111,160 0
Portfolio 113 products, etc. frozen
Anbang AM-China Merchants Bank-
fund, finance No pledge or
Anbang Asset -Win - win No. 3 AM 0.67 32,070,942 0
products, etc. frozen
Product
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. 1,823,595,216 RMB Ordinary share 1,823,595,216
China securities finance Co, Ltd 139,422,927 RMB Ordinary share 139,422,927
Domestic listed foreign
GIC PRIVATE LIMITED 87,470,365 87,470,365
shares
Central Huijin Investment Ltd. 55,393,100 RMB Ordinary share 55,393,100
Domestic listed foreign
United Prosperity Investment Co., Limited 45,195,100 45,195,100
shares
National Social Security Fund- Portfolio 102 42,607,294 RMB Ordinary share 42,607,294
National Social Security Fund- Portfolio 103 40,004,899 RMB Ordinary share 40,004,899
Domestic listed foreign
VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS 38,911,038 38,911,038
shares
National Social Security Fund- Portfolio 113 35,111,160 RMB Ordinary share 35,111,160
Anbang AM-China Merchants Bank- Anbang Asset -Win - win
32,070,942 RMB Ordinary share 32,070,942
No. 3 AM Product
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 (Hong Kong) Investment
shareholders Co., Limited. belong to the concerted actor regulated by
“Disclosure Administration of Shares Change Information of The
Listed Company”.
4
Whether the company top 10 shareholders of ordinary shares, and the top 10 circulated shareholders agreed on the repurchase
transactions during the report period
□Applicable √Not Applicable
The top 10 shareholders of ordinary shares, and the top 10 circulated shareholders have not agreed on the repurchase transactions
during the report period
2.2 Total number of preferred shareholders at the end of the reporting period and statement on preferred shares
held by the top ten tradable shareholders
□Applicable √Not Applicable
5
Chapter 3 Important Matters
3.1 Significant changes & reasons in major accounting data, financial indicators
In RMB Yuan
Balance Sheet Items Mar. 31st,2017 Jan. 1st,
2017 Changes (%)
1 Accounts receivable 2,427,419,115.68 1,498,837,041.54 61.95%
2 Inventories 9,970,957,160.80 7,304,106,822.61 36.51%
3 Other current-asset 1,344,096,729.87 926,060,330.87 45.14%
4 Payroll payable 818,195,148.01 1,839,947,475.23 -55.53%
Income Statement Items Jan-Mar 2017 Jan-Mar 2016 Changes (%)
1 Financial expenses -116,396,575.66 -43,658,323.21 -166.61%
2 Income tax 57,720,351.87 4,952,715.30 1065.43%
Cash Flow Statement Items Jan-Mar 2017 Jan-Mar 2016 Changes (%)
Net Cash flow generated by business
1 4,326,402,675.44 1,615,418,932.11 167.82%
operation
2 Net cash flow generated by financing 460,306,863.08 123,093,161.14 273.95%
3 Net increase of cash and cash equivalents 3,982,739,412.19 692,249,507.90 475.33%
As at the end of reporting period, the Company’s total asset was 111.694 billion Yuan, with 4.87% growth compared with the
beginning of the year; the total liability was 65.954 Billion Yuan, with 4.43% growth compared with the beginning of the year; the debt
asset ratio was 59.05%, which was 0.25% lower than that at the beginning of the year. Compared with beginning of the year, the
increase of accounts receivable is mainly due to the growth of external credit sales; the balance of inventories increased compared with
the beginning of the year, mainly due to the increase in commodity stocks; the balance of other current assets increased compared with
the beginning of the year, mainly due to the reclassification of the prepayment value-added tax; the balance of the remuneration of the
employees was significantly lower than that at the beginning of the year, which was mainly due to the reduction of accrued
remuneration payable by the company.
During the reporting period, the significant decrease of financial expenses was mainly caused by the increase of interests from
financial institutions; the income tax costs substantially increased mainly due to the decrease of deferred income tax assets.
During the reporting period, the cash and cash equivalent increased by 3.983 billion Yuan, up by 475.33% on a year-on-year basis,
mainly resulting from the significant increase in net cash flow from operating activities and substantial increase in net cash flow from
financing activities. The net cash flow generated from operating activities was 4.326 billion Yuan, up by 167.82%, the main reason was
the growth rate of the cash recovery and the cash from other business activities growth rate was greater than the purchase of goods
and the payment of taxes and fees. The net cash flows from financing activities was 0.46 billion yuan, a year-on-year increase of
273.95%, mainly due to the increase in cash received from other cash-related activities and more debt repayments.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
□Applicable√Not Applicable
3.3 Commitments made within the reporting period by the controlling shareholders, shareholders, related
party, acquirer and the company overdue and not fulfilled
□Applicable√Not Applicable
3.4 Forecast of operation performance from Jan. – June of 2017
The warning or a reason for a loss or a significant change of cumulative net profit from the beginning of the year to the end of the
next reporting period compared with the same period of last year
□Applicable √Not Applicable
3.5 Securities Investment
√Applicable □Non-applicable
Opening Gain/loss
Initial Opening Closing Closing in the
equity equity Closing book
Security Stock Stock investment equity equity reporting Accounting Equity
variety code name cost (RMB Holdings holding holdings Holdings value (RMB period title source
ratio Yuan)
Yuan) (share) (share) （%） (RMB
(%) Yuan)
6
Tradable
Southwest Initial
Stock 600369 50,000,000 35,500,000 0.76% 35,500,000 0.76% 220,455,000 / financial
Securities investment
assets
Total 50,000,000. 35,500,000 -- 35,500,000 -- 220,455,000 / -- --
3.6 Derivative Investment
□Applicable √Not Applicable
3.7 Interviews and visits in the reporting period
√Applicable □Not Applicable
Date Manner Object Content discussed and material offered
For details, see the January 13, 2017 Shenzhen stock exchange interactive
2017.1.11 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 11, 2017 investor
relations activities record sheet
For details, see the January 25, 2017 Shenzhen stock exchange interactive
2017.1.24 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 24, 2017 investor
relations activities record sheet
For details, see the January 25, 2017 Shenzhen stock exchange interactive
2017.1.25 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 25, 2017 investor
relations activities record sheet
For details, see the February10, 2017 Shenzhen stock exchange interactive
2017.2.9 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan automobile: February 9, 2017 investor
relations activities record sheet
For details, see the February16, 2017 Shenzhen stock exchange interactive
2017.2.15 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: February 15, 2017 investor
relations activities record sheet
For details, see the February 23, 2017 Shenzhen stock exchange interactive
2017.2.21 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: February 21, 2017 investor
relations activities record sheet
For details, see the February 23, 2017 Shenzhen stock exchange interactive
2017.2.22 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: February 22, 2017 investor
relations activities record sheet
For details, see the March 13, 2017 Shenzhen stock exchange interactive
2017.3.3 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 3, 2017 investor
relations activities record sheet
For details, see the March 13, 2017 Shenzhen stock exchange interactive
2017.3.7 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 7, 2017 investor
relations activities record sheet
For details, see the March 13, 2017 Shenzhen stock exchange interactive
2017.3.10 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 10 ,2017 investor
relations activities record sheet
For details, see the March 20, 2017 Shenzhen stock exchange interactive
2017.3.16 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 16,2017 investor
relations activities record sheet
3.8 Illegal external guarantee
□Applicable √Not Applicable
3.9 Controlling shareholder and its related parties to the listing Corporation's non-operating funds
□Applicable √Not Applicable
7
Chapter 4 Financial Statements
4.1 Financial Statements
4.1.1 Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.
April 30, 2017
in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 28,328,334,474.11 24,782,504,552.44
Notes receivable 23,452,083,912.84 29,002,539,261.26
Accounts receivable 2,427,419,115.68 1,498,837,041.54
Prepayments 1,322,691,199.85 1,060,809,892.75
Interest receivable 37,065,861.11 19,318,138.89
Dividend receivable -
Other receivables 1,834,911,570.82 1,403,399,178.49
Buying back the sale of financial assets
Inventories 9,970,957,160.80 7,304,106,822.61
Divided into assets held for sale
Non-current assets within one year
Other current assets 1,344,096,729.87 926,060,330.87
Total current assets 68,717,560,025.08 65,997,575,218.85
Non-current assets:
Loans and advances
Available-for-sale financial assets 399,816,274.00 432,476,274.00
Held-to-maturity investments - -
Long-term receivables - -
Long-term equity investments 16,966,512,560.07 14,743,367,010.03
Investment properties 49,746,953.01 7,782,984.40
Fixed assets 15,340,212,961.81 15,480,484,513.99
Construction in progress 3,848,604,315.34 3,821,703,830.78
Construction materials - 96,690.75
Liquidation of fixed assets 178,422.93 -
Intangible assets 3,776,460,646.36 3,444,950,675.03
Development expenditure 903,962,120.84 1,111,176,453.49
Goodwill 9,804,394.00 9,804,394.00
Long-term deferred expenses 13,529,069.50 13,448,409.63
Deferred tax assets 1,566,699,264.16 1,447,607,278.98
Other non-current assets 100,843,077.01 -
Total non-current assets 42,976,370,059.03 40,512,898,515.08
TOTAL ASSETS 111,693,930,084.11 106,510,473,733.93
Current liabilities:
Short-term loans 201,478,814.66 175,000,000.00
Notes payable 22,739,872,715.43 20,952,104,805.58
8
Accounts payable 19,272,184,945.47 19,880,580,102.39
Advances from customers 9,064,143,124.80 6,854,337,365.01
Payroll payable 818,195,148.01 1,839,947,475.23
Taxes payable 460,693,175.51 555,681,489.16
Interest payables 99,693,000.00 73,458,000.00
Dividend payables 79,742.80 79,742.80
Other payables 1,482,410,726.17 1,449,028,595.97
Non-current liabilities within one year 1,986,461,808.00 1,992,341,127.81
Other current liabilities 4,265,460,720.23 4,211,570,198.88
Total current liabilities 60,390,673,921.08 57,984,128,902.83
Non-current liabilities:
Long-term loans 19,980,912.00 19,980,912.00
long-term payable 3,290,925.63 -
Long-term employee benefit payables 101,384,110.09 105,132,000.00
Special payables 272,720,324.96 217,497,540.80
Provisions 2,401,461,083.18 2,010,153,951.87
Deferred Revenue 2,755,392,370.04 2,785,885,626.37
Deferred tax liabilities 8,742,594.48 34,535,250.00
Other non-current liabilities - -
Total non-current liabilities 5,562,972,320.38 5,173,185,281.04
Total liabilities 65,953,646,241.46 63,157,314,183.87
Owners’ equity (or Shareholders’ equity):
Paid up capital (or Share capital) 4,802,648,511.00 4,802,648,511.00
Capital reserves 5,085,301,532.55 5,085,301,532.55
Less: Treasury shares
Other consolidated income 131,422,918.12 141,480,908.23
Special reserves 22,652,848.43 16,349,485.65
Surplus reserves 2,401,324,255.50 2,401,324,255.50
General reserve
Retained earnings 33,528,052,499.33 31,126,707,710.94
Equity attributable to owners 45,971,402,564.93 43,573,812,403.87
Minority interests -231,118,722.28 -220,652,853.81
Total Owners’ equity (or Shareholders’ equity) 45,740,283,842.65 43,353,159,550.06
Liabilities and owners' equity (or shareholders' equity) in total 111,693,930,084.11 106,510,473,733.93
4.1.2 Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 27,360,229,460.77 23,767,111,763.75
Financial assets at fair value through profit
or loss
Derivative financial assets
9
Notes receivable 23,169,669,403.95 28,699,756,422.50
Accounts receivable 6,612,672,243.35 4,328,886,769.78
Prepayments 1,131,529,507.54 905,659,820.16
Interest receivable 37,065,861.11 19,318,138.89
Dividend receivable - 5,900,371.55
Other receivables 1,339,255,893.02 1,456,016,984.91
Inventories 9,189,277,512.81 6,292,770,310.90
Divided into assets held for sale
Non-current assets within one year
Other current assets 1,234,548,952.06 592,803,108.38
Total current assets 70,074,248,834.61 66,068,223,690.82
Non-current assets:
Available-for-sale financial assets 399,816,274.00 432,476,274.00
Held-to-maturity investments - -
Long-term receivables - -
Long-term equity investments 18,656,084,909.15 16,425,513,619.11
Investment properties - -
Fixed assets 12,146,504,308.54 12,142,942,955.13
Construction in progress 3,661,709,300.56 3,613,887,112.73
Construction materials - 96,690.75
Intangible assets 3,072,976,329.02 2,799,021,341.24
Development expenditure 786,284,398.42 986,790,085.03
Goodwill - -
Long-term deferred expenses 12,729,576.00 12,729,576.00
Deferred tax assets 1,487,270,317.14 1,331,906,388.11
Other non-current assets 100,840,000.00 -
Total non-current assets 40,324,215,412.83 37,745,364,042.10
TOTAL ASSETS 110,398,464,247.44 103,813,587,732.92
Current liabilities:
Short-term loans
Financial liabilities at fair value through
profit or loss
Derivative financial liabilities
Notes payable 21,999,570,916.58 20,344,635,258.93
Accounts payable 17,699,924,871.85 16,912,556,809.95
Advances from customers 8,917,824,722.29 6,563,904,714.60
Payroll payable 697,197,238.97 1,567,187,782.78
Taxes payable 640,177,278.32 470,185,940.53
Interest payable 99,693,000.00 73,458,000.00
Dividend payable - -
Other payables 1,917,691,268.49 1,922,286,938.56
Divided into liabilities held for sale - -
Non-current liabilities within one year 1,980,000,000.00 1,979,020,519.81
Other current liabilities 3,883,541,866.23 3,992,241,040.51
Total current liabilities 57,835,621,162.73 53,825,477,005.67
Non-current liabilities:
Long-term loans
Long-term payables
Long-term employee benefit payables 84,141,351.26 87,480,000.00
10
Special payables 217,369,615.56 162,146,831.40
Provisions 2,204,587,652.56 1,947,415,048.79
Deferred Revenue 2,147,697,821.24 2,164,751,690.28
Deferred tax liabilities 6,774,250.00 34,535,250.00
Other non-current liabilities - -
Total non-current liabilities 4,660,570,690.62 4,396,328,820.47
Total liabilities 62,496,191,853.35 58,221,805,826.14
Owners’ equity (or Shareholders’ equity):
Paid up capital (or Share capital) 4,802,648,511.00 4,802,648,511.00
Other equity instruments
Among them: Preferred Stock
Permanent debt
Capital reserves 4,689,475,046.88 4,689,475,046.88
Less: Treasury shares
Other consolidated income 197,395,552.68 202,294,552.68
Special reserves 11,135,633.46 7,555,003.10
Surplus reserves 2,401,324,255.50 2,401,324,255.50
Retained earnings 35,800,293,394.57 33,488,484,537.62
Total Owners’ equity (or Shareholders’
47,902,272,394.09 45,591,781,906.78
equity)
TOTAL LIABILITIES AND OWNERS ’
110,398,464,247.44 103,813,587,732.92
EQUITY( OR SHAREHOLDERS’ EQUITY)
4.1.3 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 17,667,498,708.59 19,337,756,565.65
II. Total operating cost 17,599,041,756.59 19,268,801,804.42
Including: Operating cost 14,990,645,640.09 16,274,941,124.73
Tax and surcharges 821,999,049.49 878,762,709.46
Operating expenses 1,261,065,351.21 1,245,628,687.54
General and administrative expenses 642,428,393.22 906,143,346.43
Financial expenses -116,396,575.66 -43,658,323.21
Impairment loss on assets -700,101.76 6,984,259.47
Add: Profit and loss from fair value changes (‘-‘ represent loss)
Investment income (‘-‘ represent loss) 2,223,145,550.04 2,417,713,930.50
Including: Investment income from associates and from joint venture 2,223,145,550.04 2,417,713,930.50
III. Operating profit (‘-’ represent loss) 2,291,602,502.04 2,486,668,691.73
Add: Non-operating income 159,701,322.14 203,122,013.22
Including: Profit on disposal of non-current assets
Less: Non-operating expenses 2,704,552.39 24,603,975.77
Including: loss on disposal of non-current assets 1,044,406.97 5,969,162.67
IV. Total profit(‘-’ represent loss) 2,448,599,271.79 2,665,186,729.18
Less: Income tax expense 57,720,351.87 4,952,715.30
11
V. Net profit (‘-’ represent net loss) 2,390,878,919.92 2,660,234,013.88
Net profit attributable to owners 2,401,344,788.39 2,673,017,139.39
Minority interests -10,465,868.47 -12,783,125.51
VI. Earnings per share:
I) Basic earnings per share 0.50 0.57
II) Diluted earnings per share
4.1.4 Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Perid
I. Operating revenue 17,259,709,545.44 18,708,427,128.79
Less: Operating cost 15,084,595,268.80 15,913,768,734.07
Tax and surcharges 646,712,905.45 807,178,522.27
Operating expenses 1,154,460,309.36 1,154,216,546.29
General and administrative expenses 485,366,088.42 752,849,402.16
Financial expenses -104,592,074.84 -37,401,767.97
Impairment loss on assets 195,913.03 2,278,397.46
Add: Profit and loss from fair value Changes (‘-’ represent loss)
Investment income (‘-’ represent loss) 2,222,264,079.92 2,419,554,705.50
Including: Investment income from associates and from joint venture 2,223,145,550.04 2,417,713,930.50
II. Operating profit (‘-’ represent loss) 2,215,235,215.14 2,535,092,000.01
Add: Non-operating income 134,921,737.64 190,290,365.04
Including: profit on disposal of non-current assets
Less: Non-operating expenses 2,315,192.69 20,997,835.55
Including: loss on disposal of non-current assets 654,751.74 2,574,926.45
III. Total profit(‘-’ represent loss) 2,347,841,760.09 2,704,384,529.50
Less: Income tax expense 36,032,903.14 -16,943,606.93
IV. Net profit (‘-’ represent net loss) 2,311,808,856.95 2,721,328,136.43
4.1.5 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 Period
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 26,591,192,519.62 20,795,370,881.16
Refunds of taxes 29,727,148.91 97,491,096.85
Cash received relating to other operating activities 616,874,915.76 555,567,965.52
Sub-total of cash inflows 27,237,794,584.29 21,448,429,943.53
Cash paid for goods and services 16,962,116,204.28 14,340,956,800.90
12
Cash paid to and on behalf of employees 2,072,824,939.33 2,012,301,025.20
Cash paid for all types of taxes 2,206,703,031.58 1,774,832,778.46
Cash paid relating to other operating activities 1,669,747,733.66 1,704,920,406.86
Sub-total of cash outflows 22,911,391,908.85 19,833,011,011.42
Net cash flows from operating activities 4,326,402,675.44 1,615,418,932.11
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments
Cash received from return on investments
Net cash received from disposal of fixed assets, intangible assets and other
217,308.66 57,227.53
long-term assets
Sub-total of cash inflows 217,308.66 57,227.53
Cash paid for acquisition of fixed assets, intangible assets and other
703,911,563.76 1,046,411,208.22
long-term assets
Cash paid for acquisition of investments 100,840,000.00
Net increase in pledged loans
Acquisition of net cash from subsidiaries and other business units
Cash paid relating to other investing activities 13,279.00
Sub-total of cash outflows 804,764,842.76 1,046,411,208.22
Net cash flows from investing activities -804,547,534.10 -1,046,353,980.69
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment
Including: Cash received from absorbing investment of the minority by
subsidiaries
Cash received from borrowings 186,305,492.56 115,000,000.00
Cash received from the issue of bonds
Cash received relating to other financing activities 439,474,284.28 31,766,793.24
Sub-total of cash inflows 625,779,776.84 146,766,793.24
Cash repayments of borrowings 160,000,000.00
Cash paid for distribution of dividends or profits and interest expenses 3,110,483.09 1,938,558.42
Including: Cash paid for distribution of dividends or profits by subsidiaries
Cash paid relating to other financing activities 2,362,430.67 21,735,073.68
Sub-total of cash outflows 165,472,913.76 23,673,632.10
Net cash flows from financing activities 460,306,863.08 123,093,161.14
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH 577,407.77 91,395.34
V. NET INCREASE IN CASH AND CASH EQUIVALENTS 3,982,739,412.19 692,249,507.90
13
Add: Opening balance of cash and cash equivalents 22,993,432,067.05 17,725,921,341.22
VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT 26,976,171,479.24 18,418,170,849.12
4.1.6 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 Period
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 25,055,900,799.22 19,763,794,780.34
Refunds of taxes 50,000,000.00
Cash received relating to other operating activities 406,946,568.95 294,545,645.18
Sub-total of cash inflows 25,462,847,368.17 20,108,340,425.52
Cash paid for goods and services 16,272,671,362.91 13,855,112,175.44
Cash paid to and on behalf of employees 1,672,255,248.98 1,656,501,846.98
Cash paid for all types of taxes 1,876,545,799.33 1,653,469,804.23
Cash paid relating to other operating activities 1,494,007,438.26 1,638,939,812.20
Sub-total of cash outflows 21,315,479,849.48 18,804,023,638.85
Net cash flows from operating activities 4,147,367,518.69 1,304,316,786.67
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments
Cash received from return on investments 6,556,013.22 1,840,775.00
Net cash received from disposal of fixed assets, intangible assets and other
209,743.59 25,227.53
long-term assets
Cash received from disposal of subsidiary and other business units
Cash received relating to other investing activities 166,000,000.00 50,000,000.00
Sub-total of cash inflows 172,765,756.81 51,866,002.53
Cash paid for acquisition of fixed assets, intangible assets and other
626,578,188.98 980,946,612.40
long-term assets
Cash paid for acquisition of investments 100,437,389.50
Cash paid for acquisition of subsidiary and other business units
Cash paid relating to other investing activities 50,000,000.00
Sub-total of cash outflows 727,015,578.48 1,030,946,612.40
Net cash flows from investing activities -554,249,821.67 -979,080,609.87
III. CASH FLOWS FROM FINANCING ACTIVITIES:
14
Cash received from absorbing investment
Cash received from borrowings
Cash received from issuing bond
Cash received relating to other financing activities 410,604,947.92
Sub-total of cash inflows 410,604,947.92
Cash repayments of borrowings
Cash paid for distribution of dividends or profits and interest expenses
Cash paid relating to other financing activities
Sub-total of cash outflows
Net cash flows from financing activities 410,604,947.92
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH
V. NET INCREASE IN CASH AND CASH EQUIVALENTS 4,003,722,644.94 325,236,176.80
Add: Opening balance of cash and cash equivalents 22,326,566,084.67 17,223,403,333.90
VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT 26,330,288,729.61 17,548,639,510.70
4.2 Auditors’ Report
Whether the first quarter report has been audited
□ Yes √ No
The first quarter report has not been audited.
15
