The Third Quarterly Report 2010 of Changchai Company Limited
1
CHANGCHAI COMPANY, LIMITED
THE THIRD QUARTERLY REPORT 2010
Oct. 2010The Third Quarterly Report 2010 of Changchai Company Limited
2
CHANGCHAI COMPANY, LIMITED
THE THIRD QUARTERLY REPORT 2010
§ 1 Important Notes
1.1 The Board of Directors, the Supervisory Board, directors, supervisors and senior management
staff of Changchai Company, Limited (hereinafter referred to as “the Company”) hereby confirm
that this report contains no false information, misleading statements or material omission, and
accept, individually and collectively, the responsibilities for the factuality, accuracy and
completeness of the contents of this report.
1.2 None of the directors, supervisors, or senior management demonstrated uncertainty or
disagreement about the factuality, accuracy, and completeness of this quarterly report.
1.3 All directors attended the board meeting in person except the following director.
Name Title Reason Name of consigner
Lu Jiaxiang Director On business trip Shi jianchun
Zhu jianming Independent
Director On business trip Xue guojun
1.4 The Financial Report of this quarterly report has not been audited by a CPA firm.
1.5 Mr. Xue Guojun, Person-in-charge of the Company, Mr. He Jianguang, Person-in-charge of the
accounting work and Mr. Jiang He, Person-in-charge of the accounting department hereby confirm
that the Financial Report enclosed in the Quarterly Report is factual and complete.
§2 Company Profile
2.1 Major accounting data and financial indexes
Unit: (RMB) Yuan
30 Sep. 2010 31 Dec. 2009 Increase/decrease (%)
Total assets (Yuan) 3,174,516,942.30 2,940,087,431.89 7.97%
Owners’ equity attributable to shareholders of listed
company (Yuan)
1,927,086,213.10 1,797,529,734.74 7.21%
Share capital (share) 561,374,326.00 561,374,326.00 0.00%
Net assets per share attributable to shareholders of listed
company (Yuan/share) 3.43 3.20 7.19%
Jul.-Sep. 2010 Increase/decrease
year-on-year (%) Jan.-Sep. 2010 Increase/decrease
year-on-year (%)
Total operating income (Yuan) 651,371,008.34 1.75 2,138,046,463.99 13.26
Net profit attributable to shareholders of listed company
(Yuan) 26,161,938.98 53.47 88,722,265.86 -56.88
Net cash flows generated from operating activities (Yuan) - - 78,466,424.14 -78.29
Net cash flows per share generated from operating activities
(Yuan/share)
- - 0.14 -78.13
Basic earnings per share (Yuan/share) 0.05 66.67 0.16 -56.40
Diluted return on net assets (Yuan/share) 0.05 66.67 0.16 -56.40
Return on equity (%) 1.36% 0.29 4.60% -8.30
Return on equity after deducting non-recurring gains and
losses (%) 1.23% 0.19 4.39% -0.73The Third Quarterly Report 2010 of Changchai Company Limited
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Items of non-recurring gains and losses
From year-begin to the end
of report period
Note
Gains and losses from disposal of non-current assets 6,050,730.16
Including: a net income of RMB
6,050,730.16 from fixed asset
disposal
Government subsidies recorded into current gains and losses,
excluding government subsidies with close relationship with the
Company’s business and rationed government grants in line with the
united standard and the state policy
830,030.84
Gains and losses from changes in fair value due to transaction
financial assets and liabilities, and investment income from disposal
of transaction financial assets, transaction financial liabilities and
financial assets available for sale, excluding valid hedging related to
routine operation of the Company
391,272.39
Other non-operating income and expense except the aforesaid items -2,255,070.11
Impact on income tax -813,330.34
Effect on minority interests (after tax) -113,973.46
Total 4,089,659.48 -
2. Total number of shareholders at period-end and shareholding of top ten shareholders holding
tradable shares
Unit: share
Total number of shareholders at period-end 108538
The top ten shareholders holding shares not subject to trading moratorium
Full name of shareholders
Number of shares not subject
to trading moratorium held at
the period-end
Type of share
State-owned Assets Supervision and Administration Commission of
Changzhou Municipal Government 168,497,736 RMB ordinary shares
China Construction Bank-ICBC Credit Suisse Selected Balanced
Mixed Fund 3,999,911 RMB ordinary shares
UBS CUSTODY SERVICES SINGAPORE PTE. LTD. 999,908 Domestically listed foreign share
Sinoauto Company, Ltd. 908,510 Domestically listed foreign share
NORGES BANK 898,350 Domestically listed foreign share
Li Tao 838,391 Domestically listed foreign share
Yu Xiaoping 790,000 Domestically listed foreign share
Shenzhen Huarong Century Investment Co., Ltd. 740,250 RMB ordinary shares
Ma Zeqi 712,500 Domestically listed foreign share
Ningxia Computer Software and Technical Service Co., Ltd 672,675 RMB ordinary shares
§ 3 Significant Events
3.1 Particulars about major changes of main accounting statement items and financial indicators, as
well as reasons for the changes
√Applicable □Inapplicable
1. Accounts receivable increased over that at the year-begin mainly because in the report period, the
Company moderately allowed postponed payments in sales according to relevant agreements andThe Third Quarterly Report 2010 of Changchai Company Limited
4
plans so as to expand market space.
2. Inventories decreased over that at the year-begin mainly because some of the inventories that the
Company prepared at the year-begin were sold in the report period.
3. Payroll payable decreased considerably over that at the year-begin mainly because some salary
reserves were withdrawn at the period-begin and spent in the current period.
4. Other accounts payable increased greatly over that at the year-begin mainly because the
Company raised the anticipated expenses on selling concession and repair services so as to expand
the market and strengthen the after-sales service.
5. Investment income decreased significantly over last year mainly because in the same period of
last year, the Company sold the 4.5 million shares of “Foton Motor” (recognized as transactional
financial assets) and transferred the 35,117,105 shares of “Kama B”, at the price of RMB 5.33 per
share, to China Hi-tech Group Corporation, which generated a non-recurring income, while there
was no such an income in the current year.
6. Net profit showed a considerable fall as compared with last year mainly because: (1) In the first
half of 2009, the Company sold the 4.5 million shares of “Foton Motor” (recognized as
transactional financial assets), which accumulatively generated a pre-tax income of RMB
14,805,000 for the first three quarters of the year; and (2) In the first half of 2009, the Company
transferred the 35,117,105 shares of “Kama B”, at the price of RMB 5.33 per share, to China
Hi-tech Group Corporation, generating a non-recurring pre-tax income of RMB 155,467,758.02.
But there has not been any non-recurring income in 2010.
3.2 Progress and influence of significant events, as well as the analysis on solutions
3.2.1 None-standard opinions
□Applicable √Inapplicable
3.2.2 The Company provided funds to its controlling shareholder or related parties and provided
guarantees in violation of established procedures.
□Applicable √Inapplicable
3.2.3 Signing and performance of significant contracts for daily operation
□Applicable √Inapplicable
3.2.4 Other
□Applicable √Inapplicable
3.3 Fulfillment of commitments made by the Company, shareholders and the actual controller
√Applicable □Inapplicable
Commitment Commitment maker Specific contents of the commitment Execution
Commitment concerning
share reform State-owned Assets
Supervision and
Administration
Commission of
Changzhou Municipal
Government
1. The non-tradable shares held by the Commission
shall not be listed for trading or transferred within
12 months since the execution date of the reform
plan; and
2. Upon expiration of the said commitment period,
the originally non-tradable shares sold via listing
and trading in Shenzhen Stock Exchange shall not
exceed 5% of the Company’s total shares within 12
months or 10% within 24 months.
Accomplished
Commitment concerning
share trading moratorium Inapplicable
Commitment as stated in the
acquisition report or the
InapplicableThe Third Quarterly Report 2010 of Changchai Company Limited
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report on owners’ equity
change
Commitments concerning
significant asset
reorganization
Inapplicable
Commitment concerning
issuance Inapplicable
Other commitments
(including supplementary
ones)
Inapplicable
3.4 Warnings of possible losses or major changes of the accumulative net profit achieved during the
period from year-begin to the end of the next report period compared with the same period of last
year, as well as explanation on reasons
□Applicable √Inapplicable
3.5 Other significant events that need to be explained
3.5.1 Securities investment
√Applicable □Inapplicable
Seque
nce
No.
Securities
variety
Stock code
Short form of
stock
Initial investment
amount (RMB)
Number of
shares held
(share)
Book value at
period-end
Proportion in
total
securities
investment at
period-end
(%)
Profits or losses in
report period
1 Stock 002485 Sinoer 39,900.00 1,500 39,900.00 14.18% 0.00
2 Stock 002487 DHI Corp 19,300.00 500 19,300.00 6.86% 0.00
3 Stock 300126 Shanghai Ken
Tools 17,000.00 500 17,000.00 6.04% 0.00
4 Stock 300127
Chengdu
Galaxy
Magnets
9,000.00 500 9,000.00 3.20% 0.00
5 Fund Dongfeng
No.6 200,000.00 200,000.00 196,186.31 69.72% -3,813.69
Other securities investment held at period-end 0.00 - 0.00 0.00% 0.00
Profits or losses from securities investment sold
in report period
- - - - 395,086.08
Total 285,200.00 281,386.31 391,272.39
3.5.2 Equity of other listed companies held by the Company
√Applicable □Inapplicable
Stock code Short form of
stock
Initial
investment
amount
Proportion in
equity of this
company
Book value at
the period-end
Profits or
losses for
the report
period
Changes in
owners’ equity
in the report
period
Accounting item Equity
sourceThe Third Quarterly Report 2010 of Changchai Company Limited
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600166 Foton Motor 41,784,000.00 3.94% 736,227,500.00 0 48,046,250.00 Available-for-sale
financial assets
Via an asset
exchange
with the
Changchai
Group in
1999
600377
Ninghu
Expressway
90,500.00 351,000.00 0 -6,000.00 Available-for-sale
financial assets
Via an
transfer
upon
agreement
Total 41,874,500.00 736,578,500.00 0 48,040,250.00
3.5.3 Equities of non-listed financial enterprises and to-be-listed enterprises held by the Company
√Applicable □Inapplicable
Name of the
entity
Initial
investment
amount
Number of
equities
held by the
Company
Proportion
in the
entity’s
total
equities
Closing book
value
Gains/losses
for report
period
Changes in
owners’
equity in the
report period
Accounting
item
Equity
source
Bank of Jiangsu 38,000,000.00 38,000,000 0.48% 38,000,000.00 0.00 0.00
Long-term
equity
investment
Promoter’s
stock
Total 38,000,000.00 38,000,000 - 38,000,000.00 0.00 0.00 - -
3.5.4 Researches, interviews and visits received during the report period
□Applicable √Inapplicable
3.6 Derivatives investment
□Applicable √Inapplicable
3.6.1 Derivatives investment held at the period-end
□Applicable √InapplicableThe Third Quarterly Report 2010 of Changchai Company Limited
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§ 4 Attachments
4.1 Balance Sheet
Prepared by Changchai Company, Limited 30 Sep. 2010 Unit: RMB Yuan
Closing balance Opening balance
Items
Consolidation Parent company Consolidation Parent company
Current Assets:
Cash and cash equivalents 807,500,408.19 757,903,525.99 770,721,154.44 732,773,854.30
Settlement fund
Outgoing call loan
Trading financial assets 281,386.31 0.00
Notes receivable 84,954,016.74 76,304,016.74 83,834,240.00 76,174,240.00
Accounts receivable 424,475,128.92 408,396,346.57 255,668,271.46 218,589,252.04
Prepayment 18,947,710.27 17,636,431.32 23,512,432.19 24,502,835.32
Insurance receivables
Reinsurance Receivable
Provision of reinsurance
contract reserve receivable
Interests receivable
Dividend receivable
Other receivables 16,268,517.42 14,923,371.38 15,656,250.31 14,418,443.89
Financial assets purchased
under agreement to resell
Inventories 303,021,813.86 244,018,020.25 370,423,764.66 312,897,677.55
Non-current assets due within
1-year 0.00 0.00
Other current assets 215,431.63 0.00 133,419.55
Total current assets 1,655,664,413.34 1,519,181,712.25 1,519,949,532.61 1,379,356,303.10
Non-current assets:
Loan and payment on other's
behalf disbursed
Available-for-sale financial
assets 736,578,500.00 736,578,500.00 688,538,250.00 688,538,250.00
Investment held to maturity 0.00 0.00
Long-term receivables 0.00 0.00
Long-term equity investment 60,708,368.14 137,048,168.14 60,708,368.14 112,048,168.14
Investment property 68,874,819.23 68,874,819.23 70,531,074.83 70,531,074.83
Fixed assets 435,690,851.18 381,461,576.25 430,555,693.45 374,070,571.63
Project in construction 112,936,669.27 111,375,199.27 65,803,686.54 65,543,304.34
Engineering material
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 103,480,812.82 101,241,227.76 103,418,318.00 101,134,909.93
R&D expenses 0.00 0.00
Goodwill 0.00 0.00
Long-term deferred expenses 0.00 0.00
Deferred tax assets 582,508.32 582,508.32 582,508.32 582,508.32
Other non-current assets 0.00 0.00The Third Quarterly Report 2010 of Changchai Company Limited
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Total non-current assets 1,518,852,528.96 1,537,161,998.97 1,420,137,899.28 1,412,448,787.19
Total assets 3,174,516,942.30 3,056,343,711.22 2,940,087,431.89 2,791,805,090.29
Current liabilities:
Short-term loans 29,000,000.00 0.00 41,500,000.00
Loans from central bank
Deposits received and hold for
others
Call loan received
Trading financial liabilities
Notes payable 304,303,900.00 289,600,000.00 323,666,300.00 294,380,000.00
Accounts payable 485,135,931.18 471,206,749.40 459,360,350.72 422,014,864.70
Advance from customers 57,732,541.44 54,785,131.46 37,892,215.77 36,868,917.59
Financial assets sold under
agreements to repurchase
Fees and commissions payable
Payroll payable 27,530,687.32 23,862,413.88 49,743,183.62 44,412,398.41
Taxes payable -8,791,680.18 -4,601,462.90 -6,934,188.05 -1,294,677.52
Interests payable 0.00 0.00
Dividend payable 3,891,433.83 3,243,179.97 3,891,433.83 3,243,179.97
Other payables 166,589,972.33 153,210,611.02 119,130,766.55 120,169,477.26
Amount due to reinsurance
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liabilities due
within 1-year
Other current liabilities 1,504,100.36 0.00 334,297.88
Total current liabilities: 1,066,896,886.28 991,306,622.83 1,028,584,360.32 919,794,160.41
Non-current liabilities:
Long-term loans 30,000,000.00 30,000,000.00
Bonds payable
Long-term payables
Specific payables 27,838,000.00 27,838,000.00
Provision for liabilities
Deferred taxes liabilities 104,205,600.00 104,205,600.00 96,999,562.50 96,999,562.50
Other non-current liabilities 6,673,000.00 6,673,000.00 6,060,000.00 6,060,000.00
Total non-current liabilities: 168,716,600.00 168,716,600.00 103,059,562.50 103,059,562.50
Total liabilities 1,235,613,486.28 1,160,023,222.83 1,131,643,922.82 1,022,853,722.91
Owner’s equity (or Shareholders'
equity):
Share capital 561,374,326.00 561,374,326.00 561,374,326.00 561,374,326.00
Capital surplus 763,863,523.76 773,542,709.95 723,029,311.26 732,708,497.45
Less: Treasury Stock
Special reserved
Surplus reserve 262,059,351.41 262,059,351.41 262,059,351.41 262,059,351.41
General risk provision 0.00 0.00
Retained earnings 339,789,011.93 299,344,101.03 251,066,746.07 212,809,192.52The Third Quarterly Report 2010 of Changchai Company Limited
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Foreign exchange difference
Total owners' equity attributable
to holding company 1,927,086,213.10 1,896,320,488.39 1,797,529,734.74 1,768,951,367.38
Minority interest 11,817,242.92 10,913,774.33
Total owner’s equity 1,938,903,456.02 1,896,320,488.39 1,808,443,509.07 1,768,951,367.38
Total liabilities and owner’s
equity 3,174,516,942.30 3,056,343,711.22 2,940,087,431.89 2,791,805,090.29The Third Quarterly Report 2010 of Changchai Company Limited
10
4.2 Income Statement during the reporting period
Prepared by Changchai Company, Limited Jul.-Sep. 2010 Unit: RMB Yuan
This period Same period of last year
Items
Consolidation Parent company Consolidation Parent company
I. Total revenue 651,371,008.34 643,751,587.34 640,188,106.36 647,329,074.01
Including: revenue 651,371,008.34 643,751,587.34 640,188,106.36 647,329,074.01
Interests income
Insurance fee income
Fee and commission
income
II. Total cost of sales 623,942,038.48 617,112,861.58 609,883,644.37 615,518,208.44
Including: Cost of sales 573,146,440.84 570,718,632.73 549,402,165.52 560,889,465.92
Interests expenses
Service charge and
commission income
Insurance discharge
payment
Claim expenses-net
Provision for insurance
contract reserve-net
Insurance policy
dividend paid
Reinsurance expense
Business taxes and
surcharges 195,554.89 0.00 126,102.63 0.00
Distribution expenses 19,724,057.26 18,989,998.79 18,069,508.24 17,452,840.92
Administrative expenses 30,869,466.57 27,641,372.89 47,215,390.69 43,844,611.58
Financial costs 6,518.92 -237,142.83 -1,139,970.79 -2,769,885.86
Assets impairment loss 0.00 0.00 -3,789,551.92 -3,898,824.12
Plus: gain/loss on change in fair
value (“-”for loss) -9,347.79 0.00 0.00 0.00
Gain/loss on
investment(“-”for loss) 178,023.20 20,250.29 -1,000,000.00 0.00
Including: income from
investment on associates and
jointly ventures
Gain or loss on foreign
exchange difference (“-”for loss)
III. Operating profit(“-”for loss) 27,597,645.27 26,658,976.05 29,304,461.99 31,810,865.57
Plus: non-operating income 6,672,845.71 6,599,466.94 1,909,443.03 1,845,715.27
Less: non-operating expense 3,852,246.55 3,852,246.55 7,935,351.30 7,935,351.30
Including: loss from
disposal of non-current asset
IV. Total profit (“-”for loss) 30,418,244.43 29,406,196.44 23,278,553.72 25,721,229.54
Less: income tax expense 4,058,164.11 3,810,929.46 7,002,095.45 7,471,483.20
V. Net profit (“-”for loss) 26,360,080.32 25,595,266.98 16,276,458.27 18,249,746.34
Including: Attributable to
equity holders of the parent
company
26,161,938.98 25,595,266.98 17,046,937.86 18,249,746.34
Minority interest 198,141.34 -770,479.59 0.00The Third Quarterly Report 2010 of Changchai Company Limited
11
VI. Earnings per share
(I) basic earnings per share 0.05 0.03
(II) diluted earnings per share 0.05 0.03
VII. Other comprehensive income 97,992,462.50 97,992,462.50 42,794,374.50 42,790,874.50
VIII. Total comprehensive income 124,352,542.82 123,587,729.48 59,070,832.77 61,040,620.84
-Attributable to owner of parent
company
124,154,401.48 123,587,729.48 59,841,312.36 61,040,620.84
-Attributable to minority
shareholders
198,141.34 0.00 -770,479.59 0.00The Third Quarterly Report 2010 of Changchai Company Limited
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4.3 Income statement from the beginning of year to the end of reporting period
Prepared by Changchai Company, Limited Jan.-Sep. 2010 Unit: RMB Yuan
Amount of this period Amount of last period
Items
Consolidation Parent company Consolidation Parent company
I. Total revenue 2,138,046,463.99 2,142,379,949.07 1,887,700,868.96 1,902,649,332.62
Including: revenue 2,138,046,463.99 2,142,379,949.07 1,887,700,868.96 1,902,649,332.62
Interests income
Insurance fee income
Fee and commission
income
II. Total cost of sales 2,043,115,609.53 2,051,504,039.90 1,810,971,490.73 1,829,521,194.23
Including: Cost of sales 1,860,874,118.56 1,886,004,288.31 1,633,240,414.63 1,667,308,966.07
Interests expenses
Service charge and
commission income
Insurance discharge
payment
Claim expenses-net
Provision for insurance
contract reserve-net
Insurance policy
dividend paid
Reinsurance expense
Business taxes and
surcharges 370,448.44 0.00 237,724.82 0.00
Distribution expenses 70,918,588.48 66,493,046.57 73,608,800.72 70,930,172.60
Administrative expenses 112,253,309.56 101,777,657.30 108,242,288.34 98,585,141.11
Financial costs -1,300,855.51 -2,770,952.28 -4,357,737.78 -7,303,085.55
Assets impairment loss 0.00 0.00 0.00 0.00
Plus: gain/loss on change in fair
value (“-”for loss) -3,813.69 0.00 -16,440,300.00 -16,440,300.00
Gain/loss on
investment(“-”for loss) 6,917,836.37 6,522,750.29 186,636,611.33 187,636,611.33
Including: income from
investment on associates and
jointly ventures
Gain or loss on foreign
exchange difference (“-”for loss)
III. Operating profit(“-”for loss) 101,844,877.14 97,398,659.46 246,925,689.56 244,324,449.72
Plus: non-operating income 12,656,902.95 12,132,007.29 8,078,835.13 5,223,256.91
Less: non-operating expense 8,031,212.06 7,960,296.46 13,102,407.92 13,102,407.92
Including: loss from
disposal of non-current asset
IV. Total profit (“-”for loss) 106,470,568.03 101,570,370.29 241,902,116.77 236,445,298.71
Less: income tax expense 16,844,833.58 15,506,316.19 34,911,677.23 34,911,677.23
V. Net profit (“-”for loss) 89,625,734.45 86,064,054.10 206,990,439.54 201,533,621.48
Including: Attributable to
equity holders of the parent
company
88,722,265.86 86,064,054.10 205,767,404.12 201,533,621.48
Minority interest 903,468.59 1,223,035.42The Third Quarterly Report 2010 of Changchai Company Limited
13
VI. Earnings per share
(I) basic earnings per share 0.16 0.367
(II) diluted earnings per share 0.16 0.367
VII. Other comprehensive income 40,834,212.50 40,834,212.50 271,485,750.00 271,496,250.00
VIII. Total comprehensive income 130,459,946.95 126,898,266.60 478,476,189.54 473,029,871.48
-Attributable to owner of parent
company
129,556,478.36 126,898,266.60 477,256,654.12 473,029,871.48
-Attributable to minority
shareholders
903,468.59 1,219,535.42The Third Quarterly Report 2010 of Changchai Company Limited
14
4.4 Cash flow statement from the beginning of year to the end of reporting period
Prepared by Changchai Company, Limited Jan.-Sep. 2010 Unit: RMB Yuan
Amount of this period Amount of last period
Items
Consolidation Parent company Consolidation Parent company
1. Cash flows from operating
activities
Cash received from sales of
goods or rending of services 2,097,872,603.63 2,140,906,278.92 2,103,147,059.06 2,052,107,399.67
Net increase of deposits
received and held for others
Net increase of loans from
central bank
Net increase of inter-bank
loans from other financial assets
Cash received against
original insurance contract
Net Cash received from
reinsurance
Net increase of client deposit
and investment
Net increase from disposal of
trading financial assets
Cash received as Interests,
fees and commissions received
Net increase of inter-bank
fund received
Cash received under
repurchasing, net
Tax returned 0.00 0.00 2,402,342.35
Other cash received from
operating activities 16,762,162.12 15,750,752.97 8,814,589.32 7,985,654.68
Sub-total of cash inflow 2,114,634,765.75 2,156,657,031.89 2,114,363,990.73 2,060,093,054.35
Cash paid for goods and
services 1,742,689,455.75 1,817,960,703.44 1,524,978,341.69 1,536,870,058.15
Net increase of loans and
advances
Net increase of deposit in
central bank, banks and other
financial institutions
Cash paid for original
contract claim
Cash paid for interests, fees
and commission
Cash paid for policy
dividend
Cash paid to and for
employees 169,272,235.18 150,831,067.52 139,579,439.02 125,182,969.62
Cash paid for all types of
taxes 61,077,516.35 55,064,371.83 44,199,585.48 38,901,672.50
Other cash paid relating to
operating activities 63,129,134.33 56,240,224.60 44,254,801.58 36,505,974.90
Sub-total of cash outflows 2,036,168,341.61 2,080,096,367.39 1,753,012,167.77 1,737,460,675.17The Third Quarterly Report 2010 of Changchai Company Limited
15
Net cash outflow in
operating activities 78,466,424.14 76,560,664.50 361,351,822.96 322,632,379.18
2. Cash Flows from Investing
Activities
Cash received from return of
investments 20,646,682.89 0.00 36,911,141.63 36,911,141.63
Cash received from
investment income 6,897,586.08 6,502,500.00 187,339,903.02 187,339,903.02
Net cash received from
disposal of fixed assets, intangible
assets and other long-term assets
44,564,014.23 44,399,614.23 177,877.01 177,877.01
Net cash received from
disposal of subsidiaries and other
operating units
Other cash received relating
to investing activities
Sub-total of cash inflows 72,108,283.20 50,902,114.23 224,428,921.66 224,428,921.66
Cash paid for acquisition of
fixed assets, intangible assets and
other long-term assets
106,367,881.79 100,658,657.40 84,188,018.39 79,028,599.50
Cash paid for acquisition of
investments 20,928,069.10 30,000,000.00
Net increase of pledge loans
Net cash paid for acquisition
of subsidiaries and other operating
units
Other cash paid relating to
investing activities
Sub-total of cash outflows 127,295,950.89 130,658,657.40 84,188,018.39 79,028,599.50
Net cash inflow from
investing activities -55,187,667.69 -79,756,543.17 140,240,903.27 145,400,322.16
3. Cash Flows from Financing
Activities:
Cash received from
investment
Including: Cash received
from minority shareholders of
subsidiaries
Cash received from
borrowings 64,000,000.00 30,000,000.00 74,200,000.00 20,000,000.00
Cash received from bonds
issuing
Other cash received relating
to financing activities 70,911.77 0.00
Sub-total of cash inflows 64,070,911.77 30,000,000.00 74,200,000.00 20,000,000.00
Cash paid for repayments of
borrowings 46,500,000.00 0.00 122,900,000.00 62,000,000.00
Cash paid for dividends,
profit distribution or interest 4,070,414.47 1,674,449.64 34,605,793.14 32,504,964.36
Including: dividends or
profits paid to minority
shareholders by subsidiaries
Other cash paid relating to
financing activities 1,112,800.00
Sub-total of cash outflows 50,570,414.47 1,674,449.64 158,618,593.14 94,504,964.36The Third Quarterly Report 2010 of Changchai Company Limited
16
Net cash inflow from
financing activities 13,500,497.30 28,325,550.36 -84,418,593.14 -74,504,964.36
4. Effect of foreign exchange
rate changes
5. Net decrease in cash and cash
equivalents 36,779,253.75 25,129,671.69 417,174,133.09 393,527,736.98
Add : Opening balance of
cash and cash equivalents 770,721,154.44 732,773,854.30 402,778,967.15 378,820,707.08
6. Closing balance of cash and
cash equivalents 807,500,408.19 757,903,525.99 819,953,100.24 772,348,444.06
4.5 Auditors’ Report
Audit opinion: Un-audited
