The Third Quarterly Report 2011 of Changchai Company Limited
CHANGCHAI COMPANY, LIMITED
THE THIRD QUARTERLY REPORT 2011
Oct. 2011
1
The Third Quarterly Report 2011 of Changchai Company Limited
CHANGCHAI COMPANY, LIMITED
THE THIRD QUARTERLY REPORT 2011
§ 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
Xue Guojun Director On business trip He Jianguang
Independent
Zhu jianming On business trip Shen Ninwu
Director
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. 2011 31 Dec. 2010 Increase/decrease (%)
Total assets (Yuan) 3,015,902,359.84 3,422,525,753.79 -11.88%
Owners’ equity attributable to shareholders of listed
1,837,834,967.29 2,078,644,128.64 -11.58%
company (Yuan)
Share capital (share) 561,374,326.00 561,374,326.00 0.00%
Net assets per share attributable to shareholders of listed
3.27 3.70 -11.62%
company (Yuan/share)
Increase/decrease Increase/decrease
Jul.-Sep. 2011 Jan.-Sep. 2011
year-on-year (%) year-on-year (%)
Total operating income (Yuan) 717,404,575.83 10.14% 2,419,952,685.07 13.19%
Net profit attributable to shareholders of listed company
11,344,048.95 -56.64% 48,500,663.65 -45.33%
(Yuan)
Net cash flows generated from operating activities (Yuan) - - -174,210,793.03 ——
Net cash flows per share generated from operating activities
- - -0.31 ——
(Yuan/share)
Basic earnings per share (Yuan/share) 0.02 -60.00% 0.09 -43.75%
Diluted return on net assets (Yuan/share) 0.02 -60.00% 0.09 -43.75%
Return on equity (%) 0.62 -0.74 2.67 -1.93
Return on equity after deducting non-recurring gains and
0.59 -0.64 2.33 -2.06
losses (%)
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The Third Quarterly Report 2011 of Changchai Company Limited
From year-begin to the end
Items of non-recurring gains and losses Note
of report period
Including: a net income of RMB
Gains and losses from disposal of non-current assets 277,337.81 277,337.81 from fixed asset
disposal
Government subsidies recorded into current gains and losses,
excluding government subsidies with close relationship with the
5,922,000.00
Company’s business and rationed government grants in line with the
united standard and the state policy
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 329,941.80
financial assets available for sale, excluding valid hedging related to
routine operation of the Company
Other non-operating income and expense except the aforesaid items 937,666.01
Impact on income tax -1,177,428.49
Effect on minority interests (after tax) -45,735.88
Total 6,243,781.25 -
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 98353
The top ten shareholders holding shares not subject to trading moratorium
Number of shares not subject
Full name of shareholders to trading moratorium held at Type of share
the period-end
State-owned Assets Supervision and Administration Commission of
168,497,736 RMB ordinary shares
Changzhou Municipal Government
Li Tao 838,391 Domestically listed foreign share
Sinoauto Company,Ltd. 820,000 Domestically listed foreign share
Liu Guoshen 814,262 Domestically listed foreign share
Guosen Securities Co., Ltd. - Guarantee Account for Customer
Credit Transaction 779,300 RMB ordinary shares
Ma Zeqi 712,500 Domestically listed foreign share
Ying Juping 606,600 RMB ordinary shares
Zhu Shuanglian 585,715 RMB ordinary shares
Shanghai Hongkong Wanguo Securities 551,550 Domestically listed foreign share
Song Miaofang 510,000 RMB ordinary shares
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The Third Quarterly Report 2011 of Changchai Company Limited
§ 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 the year-begin mainly because the Company properly extended
credit to customers according to relevant agreements and plans in the first three quarters of this year so as
to attract more customers.
2. Inventory decreased over the year-begin mainly because some products prepared by the Company at
the year-begin were sold in the first three quarters of this year.
3. Notes receivable increased over the year-begin mainly because the Company paid for its purchases
more frequently with its bank savings.
4. Available-for-sale financial assets decreased over the year-begin mainly because the price of Foton
Motor shares held by the Company dropped in the secondary market.
5. Accounts received in advance decreased over the year-begin mainly because in the report period,
retailers took delivery of the goods for which they had prepaid.
6. Payroll payable decreased significantly over the year-begin mainly because the Company made some
salary provisions at the year-begin, which were paid during the first nine months of this year.
7. Tax and fare refunds increased year on year mainly because the export tax rebates increased on the
back of more exports in the report period.
8. Investment income increased year on year mainly due to more bonuses in the report period from the
Foton Motor shares held by the Company.
9. Net profit decreased year on year mainly because the gross profit rate dropped obviously due to the
rising prices of raw&auxiliary materials, the increasing labor cost, etc.
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
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
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The Third Quarterly Report 2011 of Changchai Company Limited
□Applicable √Inapplicable
3.5 Other significant events that need to be explained
3.5.1 Securities investment
√Applicable □Inapplicable
Proportion in
total
Seque Number of
Securities Short form of Initial investment Book value at securities Profits or losses in
nce Stock code shares held
variety stock amount (RMB) (share) period-end investment at report period
No.
period-end
(%)
Other securities investment held at period-end 0.00 - 0.00 0.00% 0.00
Profits or losses from securities investment sold
- - - - 351,148.01
in report period
Total 0.00 - 0.00 351,148.01
3.5.2 Equity of other listed companies held by the Company
√Applicable □Inapplicable
Profits or Changes in
Initial Proportion in
Short form of Book value at losses for owners’ equity Equity
Stock code investment equity of this Accounting item
stock the period-end the report in the report source
amount company
period period
Via an asset
exchange
-340,297,500. Available-for-sale with the
600166 Foton Motor 41,784,000.00 3.42% 536,817,500.00 0.00
00 financial assets Changchai
Group in
1999
Via an
Ninghu Available-for-sale transfer
600377 90,500.00 265,000.00 0.00 -67,000.00
Expressway financial assets upon
agreement
-340,364,500.
Total 41,874,500.00 537,082,500.00 0.00
00
3.5.3 Equities of non-listed financial enterprises and to-be-listed enterprises held by the Company
√Applicable □Inapplicable
Proportion
Number of Changes in
Initial in the Gains/losses
Name of the equities Closing book owners’ Accounting Equity
investment entity’s for report
entity held by the value equity in the item source
amount total period
Company report period
equities
Long-term
Promoter’s
Bank of Jiangsu 38,000,000.00 38,000,000 0.48% 38,000,000.00 0.00 0.00 equity
stock
investment
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The Third Quarterly Report 2011 of Changchai Company Limited
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
Main discussion and information
Time Place Way of reception Visitor
provided by the Company
Main situation of the Company’s
2011.4.9 The Company By phone Individual investor
operation
The Company’s
Main situation of the Company’s
2011.5.18 Conference Room Field research Huatai Securities
operation and its future development
No. 3
The Company’s
Main situation of the Company’s
2011.6.14 Conference Room Field research CITIC Securities
operation and its future development
No. 3
The Company’s
Main situation of the Company’s
2011.9.20 Conference Room Field research Everbright Securities
operation and its future development
No. 3
3.6 Derivatives investment
□Applicable √Inapplicable
3.6.1 Derivatives investment held at the period-end
□Applicable √Inapplicable
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The Third Quarterly Report 2011 of Changchai Company Limited
§ 4 Attachments
4.1 Balance Sheet
Prepared by Changchai Company, Limited 30 Sep. 2011 Unit: RMB Yuan
Closing balance Opening balance
Items
Consolidation Parent company Consolidation Parent company
Current Assets:
Cash and cash equivalents 524,677,192.90 482,232,932.12 763,106,649.01 727,580,790.13
Settlement fund
Outgoing call loan
Trading financial assets 292,091.61
Notes receivable 210,780,818.22 204,520,818.22 142,352,378.25 142,018,290.85
Accounts receivable 520,781,949.12 477,289,955.47 381,350,829.22 338,138,200.12
Prepayment 31,953,287.19 40,029,325.84 26,774,287.46 26,207,238.46
Insurance receivables
Reinsurance Receivable
Provision of reinsurance
contract reserve receivable
Interests receivable
Dividend receivable
Other receivables 20,997,734.50 8,723,478.16 26,169,152.47 14,379,561.94
Financial assets purchased
under agreement to resell
Inventories 363,910,631.66 284,080,957.43 421,623,254.40 360,914,154.92
Non-current assets due within
1-year
Other current assets 299,997.41
Total current assets 1,673,401,611.00 1,496,877,467.24 1,761,668,642.42 1,609,238,236.42
Non-current assets:
Loan and payment on other's
behalf disbursed
Available-for-sale financial
537,082,500.00 537,082,500.00 877,447,000.00 877,447,000.00
assets
Investment held to maturity
Long-term receivables
Long-term equity investment 63,007,887.47 140,626,127.47 63,007,887.47 139,347,687.47
Investment property 66,666,478.43 66,666,478.43 68,322,734.03 68,322,734.03
Fixed assets 428,247,600.20 374,554,023.77 426,833,093.03 371,065,554.46
Project in construction 157,674,121.15 148,896,726.99 125,825,846.40 125,772,036.03
Engineering material
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 88,897,275.92 86,709,510.59 98,495,664.77 96,270,212.38
R&D expenses
Goodwill
Long-term deferred expenses
Deferred tax assets 924,885.67 924,885.67 924,885.67 924,885.67
Other non-current assets
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The Third Quarterly Report 2011 of Changchai Company Limited
Total non-current assets 1,342,500,748.84 1,355,460,252.92 1,660,857,111.37 1,679,150,110.04
Total assets 3,015,902,359.84 2,852,337,720.16 3,422,525,753.79 3,288,388,346.46
Current liabilities:
Short-term loans 37,000,000.00 26,000,000.00
Loans from central bank
Deposits received and hold for
others
Call loan received
Trading financial liabilities
Notes payable 283,460,000.00 269,460,000.00 281,272,700.00 268,580,000.00
Accounts payable 489,149,709.92 446,075,331.71 561,406,743.51 525,392,317.83
Advance from customers 64,382,489.23 61,802,274.34 97,326,286.93 97,179,884.05
Financial assets sold under
agreements to repurchase
Fees and commissions payable
Payroll payable 18,397,643.33 13,551,152.75 51,491,411.51 46,464,096.56
Taxes payable -33,000,861.85 -28,017,871.75 -18,752,267.69 -15,988,487.82
Interests payable
Dividend payable 3,891,433.83 3,243,179.97 3,891,433.83 3,243,179.97
Other payables 155,528,099.98 147,861,276.78 136,395,687.65 132,339,997.54
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 3,115,018.83 1,034,108.52
Total current liabilities: 1,021,923,533.27 913,975,343.80 1,140,066,104.26 1,057,210,988.13
Non-current liabilities:
Long-term loans 30,000,000.00 30,000,000.00 30,000,000.00 30,000,000.00
Bonds payable
Long-term payables
Specific payables
Provision for liabilities
Deferred taxes liabilities 74,281,200.00 74,281,200.00 125,335,875.00 125,335,875.00
Other non-current liabilities 38,545,603.44 38,545,603.44 36,185,416.63 36,185,416.63
Total non-current liabilities: 142,826,803.44 142,826,803.44 191,521,291.63 191,521,291.63
Total liabilities 1,164,750,336.71 1,056,802,147.24 1,331,587,395.89 1,248,732,279.76
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 594,291,923.76 603,971,109.95 883,601,748.76 893,280,934.95
Less: Treasury Stock
Special reserved
Surplus reserve 273,072,577.59 273,072,577.59 273,072,577.59 273,072,577.59
General risk provision
Retained earnings 409,096,139.94 357,117,559.38 360,595,476.29 311,928,228.16
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The Third Quarterly Report 2011 of Changchai Company Limited
Foreign exchange difference
Total owners' equity attributable
1,837,834,967.29 1,795,535,572.92 2,078,644,128.64 2,039,656,066.70
to holding company
Minority interest 13,317,055.84 12,294,229.26
Total owner’s equity 1,851,152,023.13 1,795,535,572.92 2,090,938,357.90 2,039,656,066.70
Total liabilities and owner’s
3,015,902,359.84 2,852,337,720.16 3,422,525,753.79 3,288,388,346.46
equity
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The Third Quarterly Report 2011 of Changchai Company Limited
4.2 Income Statement during the reporting period
Prepared by Changchai Company, Limited Jul.-Sep. 2011 Unit: RMB Yuan
This period Same period of last year
Items
Consolidation Parent company Consolidation Parent company
I. Total revenue 717,404,575.83 701,132,650.12 651,371,008.34 643,751,587.34
Including: revenue 717,404,575.83 701,132,650.12 651,371,008.34 643,751,587.34
Interests income
Insurance fee income
Fee and commission
income
II. Total cost of sales 704,121,102.81 688,647,708.28 623,942,038.48 617,112,861.58
Including: Cost of sales 658,013,282.50 648,525,159.87 573,146,440.84 570,718,632.73
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
39,732.82 0.00 195,554.89 0
surcharges
Distribution expenses 21,292,914.25 19,694,458.28 19,724,057.26 18,989,998.79
Administrative expenses 29,973,163.76 25,925,361.25 30,869,466.57 27,641,372.89
Financial costs -5,313,911.20 -5,688,860.58 6,518.92 -237,142.83
Assets impairment loss 115,920.68 191,589.46 0 0
Plus: gain/loss on change in fair
66,665.37 0.00 -9,347.79 0
value (“-”for loss)
Gain/loss on
662,630.60 0.00 178,023.20 20,250.29
investment(“-”for loss)
Including: income from
investment on associates and
jointly ventures
Gain or loss on foreign
exchange difference (“-”for loss)
III. Operating profit(“-”for loss) 14,012,768.99 12,484,941.84 27,597,645.27 26,658,976.05
Plus: non-operating income 1,597,650.72 1,501,816.70 6,672,845.71 6,599,466.94
Less: non-operating expense 1,087,204.64 907,204.64 3,852,246.55 3,852,246.55
Including: loss from
disposal of non-current asset
IV. Total profit (“-”for loss) 14,523,215.07 13,079,553.90 30,418,244.43 29,406,196.44
Less: income tax expense 2,926,708.23 2,546,977.59 4,058,164.11 3,810,929.46
V. Net profit (“-”for loss) 11,596,506.84 10,532,576.31 26,360,080.32 25,595,266.98
Including: Attributable to
equity holders of the parent 11,344,048.95 10,532,576.31 26,161,938.98 25,595,266.98
company
Minority interest 252,457.89 0.00 198,141.34 0.00
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The Third Quarterly Report 2011 of Changchai Company Limited
VI. Earnings per share
(I) basic earnings per share 0.02 0.05
(II) diluted earnings per share 0.02 0.05
VII. Other comprehensive income -76,770,300.00 -76,770,300.00 97,992,462.50 97,992,462.50
VIII. Total comprehensive income -65,173,793.16 -66,237,723.69 124,352,542.82 123,587,729.48
-Attributable to owner of parent
-65,426,251.05 -66,237,723.69 124,154,401.48 123,587,729.48
company
-Attributable to minority
252,457.89 0.00 198,141.34 0.00
shareholders
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The Third Quarterly Report 2011 of Changchai Company Limited
4.3 Income statement from the beginning of year to the end of reporting period
Prepared by Changchai Company, Limited Jan.-Sep. 2011 Unit: RMB Yuan
Amount of this period Amount of last period
Items
Consolidation Parent company Consolidation Parent company
I. Total revenue 2,419,952,685.07 2,399,918,675.77 2,138,046,463.99 2,142,379,949.07
Including: revenue 2,419,952,685.07 2,399,918,675.77 2,138,046,463.99 2,142,379,949.07
Interests income
Insurance fee income
Fee and commission
income
II. Total cost of sales 2,375,953,265.63 2,361,160,887.92 2,043,115,609.53 2,051,504,039.90
Including: Cost of sales 2,221,767,267.72 2,225,054,409.25 1,860,874,118.56 1,886,004,288.31
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
352,978.07 370,448.44 0.00
surcharges
Distribution expenses 74,474,811.16 69,751,471.22 70,918,588.48 66,493,046.57
Administrative expenses 89,803,118.94 77,631,247.87 112,253,309.56 101,777,657.30
Financial costs -10,989,371.65 -11,773,361.58 -1,300,855.51 -2,770,952.28
Assets impairment loss 544,461.39 497,121.16 0.00 0.00
Plus: gain/loss on change in fair
-3,813.69 0.00
value (“-”for loss)
Gain/loss on
10,944,941.80 10,115,000.00 6,917,836.37 6,522,750.29
investment(“-”for loss)
Including: income from
investment on associates and
jointly ventures
Gain or loss on foreign
exchange difference (“-”for loss)
III. Operating profit(“-”for loss) 54,944,361.24 48,872,787.85 101,844,877.14 97,398,659.46
Plus: non-operating income 10,600,239.05 10,335,983.27 12,656,902.95 12,132,007.29
Less: non-operating expense 3,463,235.23 3,267,411.49 8,031,212.06 7,960,296.46
Including: loss from
disposal of non-current asset
IV. Total profit (“-”for loss) 62,081,365.06 55,941,359.63 106,470,568.03 101,570,370.29
Less: income tax expense 12,557,874.83 10,752,028.41 16,844,833.58 15,506,316.19
V. Net profit (“-”for loss) 49,523,490.23 45,189,331.22 89,625,734.45 86,064,054.10
Including: Attributable to
equity holders of the parent 48,500,663.65 45,189,331.22 88,722,265.86 86,064,054.10
company
Minority interest 1,022,826.58 903,468.59
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The Third Quarterly Report 2011 of Changchai Company Limited
VI. Earnings per share
(I) basic earnings per share 0.09 0.16
(II) diluted earnings per share 0.09 0.16
VII. Other comprehensive income -289,309,825.00 -289,309,825.00 40,834,212.50 40,834,212.50
VIII. Total comprehensive income -239,786,334.77 -244,120,493.78 130,459,946.95 126,898,266.60
-Attributable to owner of parent
-240,809,161.35 -244,120,493.78 129,556,478.36 126,898,266.60
company
-Attributable to minority
1,022,826.58 903,468.59
shareholders
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The Third Quarterly Report 2011 of Changchai Company Limited
4.4 Cash flow statement from the beginning of year to the end of reporting period
Prepared by Changchai Company, Limited Jan.-Sep. 2011 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
2,383,560,332.63 2,381,649,837.76 2,072,945,760.02 2,115,979,435.31
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 32,867,492.58 32,000,570.49 24,926,843.61 24,926,843.61
Other cash received from
operating activities
15,249,503.37 14,276,155.80 16,762,162.12 15,750,752.97
Sub-total of cash inflow 2,431,677,328.58 2,427,926,564.05 2,114,634,765.75 2,156,657,031.89
Cash paid for goods and
services
2,302,191,554.95 2,353,504,480.19 1,742,689,455.75 1,817,960,703.44
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
202,548,309.30 178,631,425.91 169,272,235.18 150,831,067.52
Cash paid for all types of
taxes
40,581,167.79 33,111,496.23 61,077,516.35 55,064,371.83
Other cash paid relating to
operating activities
60,567,089.57 55,425,007.34 63,129,134.33 56,240,224.60
Sub-total of cash outflows 2,605,888,121.61 2,620,672,409.67 2,036,168,341.61 2,080,096,367.39
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The Third Quarterly Report 2011 of Changchai Company Limited
Net cash outflow in
operating activities
-174,210,793.03 -192,745,845.62 78,466,424.14 76,560,664.50
2. Cash Flows from Investing
Activities
Cash received from return of
investments
301,022.70 20,646,682.89
Cash received from
investment income
11,117,165.30 10,115,000.00 6,897,586.08 6,502,500.00
Net cash received from
disposal of fixed assets, intangible 20,489,503.33 20,143,379.50 44,564,014.23 44,399,614.23
assets and other long-term assets
Net cash received from
disposal of subsidiaries and other
operating units
Other cash received relating
to investing activities
5,190,000.00 5,190,000.00
Sub-total of cash inflows 37,097,691.33 35,448,379.50 72,108,283.20 50,902,114.23
Cash paid for acquisition of
fixed assets, intangible assets and 108,903,627.66 85,295,916.52 106,367,881.79 100,658,657.40
other long-term assets
Cash paid for acquisition of
investments
1,278,440.00 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 108,903,627.66 86,574,356.52 127,295,950.89 130,658,657.40
Net cash inflow from
investing activities
-71,805,936.33 -51,125,977.02 -55,187,667.69 -79,756,543.17
3. Cash Flows from Financing
Activities:
Cash received from
investment
Including: Cash received
from minority shareholders of
subsidiaries
Cash received from
borrowings
53,000,000.00 64,000,000.00 30,000,000.00
Cash received from bonds
issuing
Other cash received relating
70,911.77
to financing activities
Sub-total of cash inflows 53,000,000.00 0.00 64,070,911.77 30,000,000.00
Cash paid for repayments of
borrowings
42,000,000.00 46,500,000.00
Cash paid for dividends,
profit distribution or interest
3,407,268.67 1,476,035.37 4,070,414.47 1,674,449.64
Including: dividends or
profits paid to minority
shareholders by subsidiaries
Other cash paid relating to
financing activities
0.00
Sub-total of cash outflows 45,407,268.67 1,476,035.37 50,570,414.47 1,674,449.64
15
The Third Quarterly Report 2011 of Changchai Company Limited
Net cash inflow from
financing activities
7,592,731.33 -1,476,035.37 13,500,497.30 28,325,550.36
4. Effect of foreign exchange
rate changes
-5,458.08
5. Net decrease in cash and cash
equivalents
-238,429,456.11 -245,347,858.01 36,779,253.75 25,129,671.69
Add : Opening balance of
cash and cash equivalents
763,106,649.01 727,580,790.13 770,721,154.44 732,773,854.30
6. Closing balance of cash and
cash equivalents
524,677,192.90 482,232,932.12 807,500,408.19 757,903,525.99
4.5 Auditors’ Report
Audit opinion: Un-audited
16
