Short form of the Stock: Suchangchai A, Suchangchai B Stock Code: 000570, 200570 Notice Number: 2012-019
CHANGCHAI COMPANY, LIMITED
THE THIRD QUARTERLY REPORT 2012
I. Important Notes
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management of 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 will take individual and/or joint responsibility for the
authenticity, accuracy and completeness of all contents set forth herein.
All directors attended the board session for reviewing this report.
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 (Accounting principal) hereby confirm that the
Financial Report enclosed in the Quarterly Report is factual and complete.
II. Company Profile
(I) Major accounting data and financial indexes
Any retrospective adjustment in previous financial statements?
□ Yes √ No □ Inapplicable
30 Sept. 2012 31 Dec. 2011 Increase/decrease (%)
Total assets (RMB Yuan) 3,075,768,564.99 2,870,088,394.73 7.17
Owners’ equity attributable to shareholders of the
Company (RMB Yuan) 1,795,139,835.13 1,742,701,667.71 3.01
Share capital (share) 561,374,326.00 561,374,326.00 0.00
Net assets per share attributable to shareholders of
the Company (RMB Yuan/share) 3.20 3.10 3.23
YoY YoY
Jul.-Sept. 2012 increase/decreas Jan.-Sept. 2012 increase/decreas
e (%) e (%)
Gross operating revenues (RMB Yuan) 671,172,774.03 -6.44 2,270,652,986.78 -6.17
Net profit attributable to shareholders of the
Company (RMB Yuan) 13,019,902.39 14.77 42,822,340.86 -11.71
Net cash flow from operating activities (RMB
Yuan) -- -- 249,254,713.34 --
Net cash flow per share from operating activities
(RMB Yuan/share) -- -- 0.44 --
Basic EPS (RMB Yuan/share) 0.02 0.00 0.08 -11.11
Diluted EPS (RMB Yuan/share) 0.02 0.00 0.08 -11.11
Weighted average ROE (%) 0.71 0.09 2.42 -0.25
Weighted average ROE after deducting
non-recurring gains and losses (%) 0.59 0.00 2.04 -0.29
Items of non-recurring gains and losses
√Applicable □Inapplicable
1
Amount during
Item Jan.-Sept. 2012 (RMB Notes
Yuan)
Of which: RMB 2, 624,696.90 is the net
Gains and losses on disposal of non-current assets 2,624,696.90
gains on disposal of fixed assets.
Tax rebate, reduction or exemption due to un-authorized
approval or the lack of formal approval documents
Government grants recognized in the current year, except for
those acquired in the ordinary course of business or granted
3,200,000.00
at certain quotas or amounts according to the country’s
unified standards
Capital occupation fees received from non-financial
750,000.00
enterprises that are included in current gains and losses
Gains generated when the investment costs of the Company’s
acquiring subsidiaries, associates and joint ventures are less
than the fair value of identifiable net assets in the investees
attributable to the Company in the acquisition of the
investments
Exchange gains and losses of non-monetary assets
Gains and losses through entrusting others to invest or
manage assets
Various asset impairment provisions due to acts of God such
as natural disasters
Gains and losses on debt restructuring
Enterprise reorganization expenses, such as expenses on
employee settlement and integration
Gains and losses on the parts exceeding the fair value when
prices of transactions become unfair
Net current gains and losses from the period-begin to the
combination date of subsidiaries due to business
combinations under the same control
Gains and losses on contingent matters which are irrelevant
to the normal operation of the Company
Gains and losses on fair value changes of transactional
financial assets and liabilities, and investment gains on
Investment income gained from disposal of
disposal of transactional financial assets and liabilities and 248,634.25
transactional financial assets.
available-for-sale financial assets, except for the effective
hedging business related to the Company’s normal operation
Reversal of impairment provisions for accounts receivable
which are separately tested for impairment signs
Gains and losses on entrustment loans from external parties
Gains and losses on fair value changes of investing properties
for which the fair value method is adopted for subsequent
measurement
Current gain and loss effect due to a just-for-once adjustment
to current gains and losses according to requirements of
taxation and accounting laws and regulations
Custodian fee income from entrusted operations with the
Company
Other non-operating incomes and expenses besides the items
1,142,523.35
above
Other gain and loss items that meet the definition of
non-recurring gains and losses
Minority interests effects -13,308.64
Income tax effects -1,292,924.50
Total 6,659,621.36 --
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(II) Total number of shareholders and top 10 shareholders at the period-end
Total number of shareholders 88,789
Particulars about shares held by the top ten shareholders holding tradable shares
Number of tradable Type and number of shares
Name of shareholder shares held at
period-end Type Number
State-owned Assets Supervision and Administration
168,497,736 RMB ordinary shares 168,497,736
Commission of Changzhou Municipal Government
Liu Ying 1,607,144 RMB ordinary shares 1,607,144
Wang Zhinan 1,373,040 RMB ordinary shares 1,373,040
Xi Yanping 1,092,500 RMB ordinary shares 1,092,500
Dai Ge 885,247 RMB ordinary shares 885,247
GUOTAI JUNAN SECURITIES(HONGKONG) Domestically listed
883,450 883,450
LIMITED foreign shares
Domestically listed
Li Tao 838,391 838,391
foreign shares
Domestically listed
Sinoauto Company,Ltd. 820,000 820,000
foreign shares
Feng Yan 796,850 RMB ordinary shares 796,850
Li Weidong 747,299 RMB ordinary shares 747,299
Notes of particulars of shareholders Naught
III. Significant Events
(I) Significant changes in major accounting data, financial highlights and reasons for these changes
√Applicable □Inapplicable
1. Accounts receivable increased 36.88% over the year-begin, which was mainly because in the sale of the first
three quarters of the year, the Company properly extended credit to customers according to relevant agreements
and plans so as to attract more customers.
2.Other accounts receivable increased 102.37% over the year-begin, which was mainly because the Company’s
subsidiary—Changzhou Housheng Investment Co., Ltd. provided temporary loan to its supplier of Xuzhou East
China Casting General Factory.
3. Inventory decreased 102.37% over the year-begin, which was mainly because some stocks prepared by the
Company at the year-begin were sold during the first three quarters of the year.
4. Payroll payable decreased 61.68% over the year-begin, which was mainly because some of the salary
provisions made at the period-begin were paid during the reporting period.
(II) Progress of significant events and its influence, as well as the analysis and explanation on
solutions
1. About non-standard audit opinion
□Applicable √Inapplicable
2. The Company offers capital to the controlling shareholder or its related parties or provides external
guarantees in violation of the prescribed procedures.
□Applicable √Inapplicable
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3. Signing and execution of significant contracts concerning routine operation
□Applicable √Inapplicable
4. Others
□Applicable √Inapplicable
(III) Commitments of the Company or shareholders with an over 5% shareholding made in or carried
down into the reporting period
□Applicable √Inapplicable
(IV) Predict the 2012 annual operating results
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 reporting period compared with the same period of the last year
according to prediction, as well as explanations on the reasons
□Applicable √Inapplicable
(V) Other significant events that need to be explained
1. Securities investment
√Applicable □Inapplicable
Proportion in
Number of
Initial Closing the total Gain/loss in
shares held at
Serial Variety of Code of Abbr. of investment carrying closing the reporting
the
No. securities securities securities amount amount securities period (RMB
period-end
(RMB Yuan) (RMB Yuan) investment Yuan)
(Share)
amount (%)
Other securities investments held at the period-end 0 -- 0 0 0
Gain/loss on selling securities in the reporting period -- -- -- -- 248,634.25
Total 0 -- 0 100% 248,634.25
Disclosure date of the board announcement of securities
——
investment approval
Disclosure date of the general meeting announcement of
——
securities investment approval
Notes to securities investment: Securities investment gains during the reporting period came from the new shares
subscribed by Changzhou Housheng Investment Co., Ltd., the Company’s wholly-funded subsidiary.
2. Investments in derivatives
□Applicable √Inapplicable
3. Derivative investments held at the period-end
□Applicable √Inapplicable
4. Researches, visits and interviews received in the reporting period
Time of reception Place of reception Way of reception Visitor type Visitor Main discussion and
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materials provided by the
Company
Main situation of the
23 Feb. 2012 The Company By phone Individual Investor
Company’s operation
Main situation of the
18 Apr. 2012 The Company By phone Individual Investor
Company’s operation
Main situation of the
24 May 2012 The Company By phone Individual Investor
Company’s operation
5. Corporate bonds issued
Any corporate bonds issued?
□ Yes √ No
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