Short form of the Stock: Suchangchai A, Suchangchai B Stock Code: 000570, 200570 Notice Number: 2011-008
CHANGCHAI COMPANY, LIMITED
THE FIRST QUARTERLY REPORT FOR YEAR 2011
§1 Important Notice
1.1 The Board of Directors, the Supervisory Committee, directors, supervisors and senior
executives of the Changchai Company, Limited (hereinafter referred to as the Company) warrant
that this report does not contain any false or misleading statements or omit any material facts and
all information set forth herein are true, accurate and complete.
1.2 None of the directors, supervisors, senior management staffs demonstrated uncertainty or
disagreement about the truthfulness, 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
Shen ningwu Independent Director On business trip Cao huiming
1.4 The first quarterly financial report has not been audited.
1.5 Person in charge of the Company Mr. Xue guojun, person in charge of the accounting Mr. He
Jianguang and person in charge of accounting organizations Mr. Jiang He hereby confirm that the
Financial Report enclosed in the Quarterly Report is true and complete.
§2 Company Profile
2.1 Main accounting data and financial indicators
Unit: RMB
Increase/decrease
As at 31 Mar. 2010 As at 31 Dec. 2009
(%)
Total assets 3,399,879,946.81 3,422,525,753.79 -0.66
Owners’ equity (shareholders’
2,073,500,110.75 2,078,644,128.64 -0.25
equity)
Share capital 561,374,326.00 561,374,326.00 0.00
Net assets per share 3.69 3.70 -0.27
Increase/decrease
Jan.-Mar. 2010 Jan.-Mar. 2009
(%)
Total sales 937,452,656.78 769,300,023.37 21.86
Net profit 25,251,344.61 39,894,552.73 -36.70
Net cash flow arising from
-19,733,974.68 -4,050,892.81 ——
operating activities
Net cash flow per share arising -0.04 -0.01 ——
from operating activities
Basic earnings per share 0.04 0.07 -42.86%
Diluted earnings per share 0.04 0.07 -42.86%
Return on equity (%) 1.22 2.12 Down 0.90
Return on equity after deducting
1.30 2.54 Down 1.24
extraordinary gains and losses(%)
Items of extraordinary gains and losses
Unit: RMB
Amount from the year-begin to
Items of extraordinary gains and losses
the end of reporting period
Net non-operating income and expenses 2,864,750.84
Impact on income tax -4,474,229.06
Total -1,609,478.22
2.2 Total number of shareholders as at the end of reporting period and shares held by the top ten
shareholders not subject to trading moratorium
Unit: Share
Total shareholders at the end
100,051
of report period
Shares held by the top ten tradable shareholders
Number of shares not
Name of shareholder (full name) subject to trading Type of share
moratorium
1. State-owned Assets Supervision &
Management Committee of Changzhou 168,497,736 Renminbi Ordinary Shares
Municipal People's Government
2 、 LIM CHN MSTR FD SPC
LTD-ABSOLUTE RETURN 1,358,800 Domestically listed foreign share
SEGREGATED PORT
3、Xu Jing 960,710 Renminbi Ordinary Shares
4、NORGES BANK 898,350 Domestically listed foreign shares
5 、 LIM ASIA MULTI-STRATEGY
853,400 Domestically listed foreign shares
FUND INC
6、Li Tao 838,391 Domestically listed foreign shares
7、Sinoauto Company,Ltd. 820,000 Domestically listed foreign shares
8、Shenzhen Huarong Century Investment
789,811 Renminbi Ordinary Shares
Co., Ltd.
9、Ma Ze Qi 712,500 Domestically listed foreign shares
10、Zhen Hen 702,604 Domestically listed foreign shares
§3 Significant Events
3.1 Particular about large-margin change of main accounting statement item and financial index
and its reason
√Applicable □Inapplicable
1. Notes receivable were down 32.14% as compared to the beginning of the year, which was
mainly because the Company adopted acceptance bills more often in its payment for material
purchases in the reporting period.
2. Accounts receivable were up 44.67% as compared to the beginning of the year, which was
mainly because the Company properly extended credit to customers according to relevant
agreements and plans in the reporting period so as to attract more customers.
3. Administrative expense was down 47.23% from a year earlier, which was mainly because
the Company enhanced internal management and strictly controlled its expenses in the
reporting period.
4. Financial expense was down from a year earlier, which was mainly because the Company
advanced some payments and received relevant rebates.
5. Net profit was down 36.70% from a year earlier, which was mainly because the
Company’s gross profit rate decreased as a result of the price rise of raw and auxiliary
materials purchased in the reporting period.
3.2 The progress and influence of significant events and the analysis and explanation on
resolving proposal
□Applicable √Inapplicable
3.3 The fulfillment of the commitment made by the Company, shareholders and the actual
controller
□Applicable √Inapplicable
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 √Inapplicable
3.5 Other significant events that need to be explained
3.5.1 Whether there is the capital provided by the Company to the controlling shareholders or
other related parties, or external guarantee in violation of established procedure
□Applicable √Inapplicable
3.5.2 Plan to the Share Holdings proposed or implemented by the shareholders holding over 30%
equities of the Company in the reporting period
□Applicable √Inapplicable
3.5.3 Securities investment
√Applicable □Inapplicable
Unit: RMB Yuan
Initial Proportion of
Type of Securities Short form investment Holding Book value in total securities Gains/losses in
No.
securities code of securities amount number period-end in period-end the report period
(Yuan) (%)
Shengjingsh
1 Stock 002525 17,100.00 500 17,100.00 7.88% 0.00
anhe
Dongfeng
2 Fund A00007 200,000.00 200,000 199,977.05 92.12 -817.06
No.6
Other securities investments held in period-end 0.00 - 0.00 0.00% 0.00
Securities investment gain/loss sold out in the
- - - - 83,936.46
period
Total 217,100.00 - 217,077.05 100% 83,119.40
3.5.4 Equity of other listed companies held by the Company
√Applicable □Inapplicable
Unit: RMB Yuan
Equity
Profit and Change in the
Initial proportion Subject for
Short form of Book value at loss in the owners’ equity Source of
Stock code investment in that of accounting
stock the period-end report in the report shares
amount this calculation
period period
company
Exchange
Financial ass assets of
600166 Foton Motor 41,784,000.00 3.42% 841,351,250.00 0 -35,763,750.00 ets available Changcha
for sale i Group
in 1999
Financial ass Agreeme
Ninghu
600377 90,500.00 336,500.00 0 4,500.00 ets available nt
Expressway
for sale transfer
Total 41,874,500.00 841,687,750.00 0 -35,759,250.00
3.5.5Equity of non-listed financial enterprises held by the Company
√Applicable □Inapplicable
Unit: RMB Yuan
Equity
Profit and Change in the
Initial proportion Book value at Subject for
Number of loss in the owners’ Source of
Name investment in that of the accounting
shares held report equity in the shares
amount this period-end calculation
period report period
company
long-term
Bank of sponsor
38,000,000.00 38,000,000 0.48% 38,000,000.00 0.00 0.00 equity
Jiangsu shares
investment
Total 38,000,000.00 38,000,000 - 38,000,000.00 0.00 0.00 - -
3.5.6 Significant Contract in the reporting period
□Applicable √Inapplicable
3.5.7 Particulars about reception of researches, communications and interviews in the report
period
□Applicable √Inapplicable
3.6 Investment on derivative products
□Applicable √Inapplicable
3.6.1 Quantity of invested derivative products at the period-end
□Applicable √Inapplicable
