Report for the First Quarter of 2014 of Changchai Company, Limited
Changchai Company, Limited
Report for the First Quarter of 2014
April 2014
1
Report for the First Quarter of 2014 of Changchai Company, Limited
Section I. Important Reminders
The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of
Changchai Company, Limited (hereinafter referred to as “the Company”) warrant that the information carried in
this report is factual, accurate and complete, without any false record, misleading statement or material omission.
And they shall be jointly and severally liable for that.
Xue Guojun, company principal, He Jianguang, chief of the accounting work, and Jiang He, chief of the
accounting organ (chief of accounting), hereby confirm that the financial statements enclosed in this report are
factual, accurate and complete.
All directors have attended the board session for reviewing this report.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
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Report for the First Quarter of 2014 of Changchai Company, Limited
Section II. Financial Highlights & Change of Shareholders
I. Main accounting data and financial indicators
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
Jan.-Mar. 2014 Jan.-Mar. 2013 +/- (%)
Operating revenues (RMB Yuan) 742,596,945.82 814,251,387.30 -8.8%
Net profit attributable to shareholders of
19,532,558.06 18,934,558.56 3.16%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains 19,307,194.21 18,619,519.27 3.69%
and losses (RMB Yuan)
Net cash flows from operating activities
-44,717,639.28 71,419,143.58 -162.61%
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.03 0.03 0%
Diluted EPS (RMB Yuan/share) 0.03 0.03 0%
Weighted average ROE (%) 1.06% 1.02% 0.04%
31 Mar. 2014 31 Dec. 2013 +/- (%)
Total assets (RMB Yuan) 3,092,696,635.89 3,042,349,320.63 1.65%
Net assets attributable to shareholders of
1,843,956,967.72 1,809,577,062.45 1.9%
the Company (RMB Yuan)
Items and amounts of extraordinary gains and losses
√ Applicable □ Inapplicable
Item 1 Jan. 2014-31 Mar. 2014 Explanation
Gains/losses on the disposal of non-current assets
(including the offset part of the asset impairment 158,173.02
provisions)
Government grants recognized in the current period,
except for those acquired in the ordinary course of
124,000.00
business or granted at certain quotas or amounts
according to the government’s unified standards
Capital occupation charges on non-financial enterprises
296,666.67
that are recorded into current gains and losses
Gains and losses on change in fair value from tradable
financial assets and tradable financial liabilities, as well 526,224.94
as investment income from disposal of tradable financial
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Report for the First Quarter of 2014 of Changchai Company, Limited
assets and tradable financial liabilities and financial
assets available for sales except for effective hedging
related with normal businesses of the Company
Non-operating income and expense other than the above -699,077.09
Less: Income tax effects 159,439.66
Minority interests effects (after tax) 21,184.03
Total 225,363.85 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
II. Total number of shareholders at the period-end and shareholdings of top 10 shareholders
Unit: share
Total number of shareholders at the
66,815
period-end
Total number of shareholders at the period-end
Shareholding Number of Pledged or frozen shares
Nature of Number of
Name of shareholder percentage restricted Status of Number of
shareholder shares held
(%) shares held shares shares
State-owned Assets
Supervision and
Administration On behalf of
30.02% 168,497,736 0
Commission of the State
Changzhou Municipal
People’s Government
BNP PARIBAS WEALTH
Foreign
MANAGEMENT HONG 2.71% 15,199,417 0
corporation
KONG BRANCH
China Foreign Economy
And Trade Trust Co.,Ltd－
Other 1.06% 5,952,348 0
New Share+ Interest
Arbitrage
Changxin Funds -
Industrial Bank -Block
Other 0.96% 5,369,939 0
Trade No. 3 Asset
Management Plan
ING ASIA PRIVATE Foreign 0.92% 5,189,901 0
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Report for the First Quarter of 2014 of Changchai Company, Limited
BANK LIMITED corporation
Domestic
Wang Yuanquan natural 0.91% 5,100,000 0
person
Changxin Funds -
Industrial Bank -Block
Other 0.86% 4,812,165 0
Trade No. 3 Asset
Management Plan
Zhongrong International
Trust Co., Ltd.-08 Other 0.73% 4,120,501 0
Rongxin NO. 83
Zhonghai Trust Co., Ltd－
Zhonghai Jufa－the
agreed subscription of the Other 0.65% 3,655,642 0
Money Trust 1 of the new
share
Ping An Trust Co., Ltd-
Ping An BBK Assembled Other 0.59% 3,311,504 0
Funds Trust
Shareholdings of top 10 non-restricted shareholders
Number of non-restricted Variety of shares
Name of shareholder
shares held Variety Number
State-owned Assets Supervision and Administration
RMB ordinary
Commission of Changzhou Municipal People’s 168,497,736 168,497,736
share
Government
Domestically
BNP PARIBAS WEALTH MANAGEMENT HONG
15,199,417 listed foreign 15,199,417
KONG BRANCH
shares
China Foreign Economy And Trade Trust Co.,Ltd－ RMB ordinary
5,952,348 5,952,348
New Share+ Interest Arbitrage share
Changxin Funds - Industrial Bank -Block Trade No. 3 RMB ordinary
5,369,939 5,369,939
Asset Management Plan share
Domestically
ING ASIA PRIVATE BANK LIMITED 5,189,901 listed foreign 5,189,901
shares
RMB ordinary
Wang Yuanquan 5,100,000 5,100,000
share
Changxin Funds - Industrial Bank -Block Trade No. 3 RMB ordinary
4,812,165 4,812,165
Asset Management Plan share
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Report for the First Quarter of 2014 of Changchai Company, Limited
Zhongrong International Trust Co., Ltd.-08 Rongxin RMB ordinary
4,120,501 4,120,501
NO. 83 share
Zhonghai Trust Co., Ltd－Zhonghai Jufa－the agreed RMB ordinary
3,655,642 3,655,642
subscription of the Money Trust 1 of the new share share
Ping An Trust Co., Ltd- Ping An BBK Assembled RMB ordinary
3,311,504 3,311,504
Funds Trust share
It is unknown whether there was any associated relationship
among the top ten tradable shareholders and among the top
Explanation on associated relationship or/and persons
ten shareholders not subject to trading moratorium, or
acting in concert among the above-mentioned
whether they are persons acting in concert as described by
shareholders:
Measures for the Administrative of Disclosure of
Shareholder Equity Changes.
Because the shareholder--Mr. Wang Yuanquan had
participated in the financing and securities loans business
during the reporting period, he held the shares of the
Explanation on the top 10 shareholders participating in
Company of 5,100,000shares through the securities
the financing and securities loans business (if any)
guarantee account of the customer credit transactions
provided by China Securities Co., Ltd. with the proportion of
the share holding of 0.27%.
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
Section III. Significant Events
I. Significant changes of the major accounting statement items and financial indicators for the
reporting period, as well as the reasons for these changes
1. Accounts receivable increased 61.27% from the opening amount mainly because the Company properly
allowed customers’ buying on credit according to relevant agreements and plans to expand the market room.
2. Prepayments decreased 37.07% from the opening amount mainly because the prepayments for materials
decreased.
3. Other receivables increased 76.47% from the opening amount mainly because subsidiary Housheng Investment
granted a temporary loan to an external party.
4. Payroll payable decreased 45.00% from the opening amount mainly because some of the salary and bonus
provisions made last year were paid in the reporting period.
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Report for the First Quarter of 2014 of Changchai Company, Limited
5. Net cash flows from operating activities decreased from the opening amount mainly because the Company
enhanced sales promotion and the accounts receivable increased.
II. Predict the operating results of Jan.-Jun. 2014
Warning of possible loss or considerable YoY change of the accumulated net profit made during the period-begin
to the end of the next reporting period according to prediction, as well as explanations on the reasons:
□ Applicable √ Inapplicable
V. Securities investments
Number Shareho Number Shareho Gain/los
Initial Closing
Variety of lding of lding s for Source
Code of Name of investm book
of shares percenta shares percenta reportin Account of
securitie securitie ent cost value
securitie held at ge at held at ge at g period ing title securitie
s s (RMB (RMB
s period-b period-b period-e period-e (RMB s
Yuan) Yuan)
egin egin nd nd Yuan)
Total 0.00 0 -- 0 -- 0.00 0.00 -- --
Shareholdings in other listed companies
√Applicable □ Inapplicable
At the end of the reporting period, the Company held a number of 72.25 million “Foton Motor” shares and 50,000
“Ninghu Expressway” shares measured as available-for-sale financial assets.
IV. Researches, visits and interviews received in the reporting period
Main discussion
Way of and materials
Time of reception Place of reception Visitor type Visitor
reception provided by the
Company
The impact of
The Shenzhen Stock reform of
Individual
7 Jan. 2014 Exchange Other Individual state-owned assets
investor
Interaction Platform on the Company's
future
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Report for the First Quarter of 2014 of Changchai Company, Limited
Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 604,502,317.58 688,297,469.30
Settlement reserves
Intra-group lendings
Transactional financial assets
Notes receivable 237,968,924.48 257,845,729.93
Accounts receivable 511,689,367.14 317,295,375.34
Accounts paid in advance 9,225,605.26 14,659,048.00
Premiums receivable
Reinsurance premiums receivable
Receivable reinsurance contract
reserves
Interest receivable
Dividend receivable
Other accounts receivable 22,452,214.04 12,723,300.47
Financial assets purchased under
agreements to resell
Inventories 402,065,523.72 473,238,876.29
Non-current assets due within 1 year
Other current assets
Total current assets 1,787,903,952.22 1,764,059,799.33
Non-current assets:
Loans by mandate and advances
granted
Available-for-sale financial assets 380,300,500.00 368,754,000.00
Held-to-maturity investments
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Report for the First Quarter of 2014 of Changchai Company, Limited
Long-term accounts receivable
Long-term equity investment 69,498,325.73 64,748,325.73
Investing property 61,145,626.43 61,697,711.63
Fixed assets 618,747,202.38 619,468,246.18
Construction in progress 90,296,182.40 78,207,347.80
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 83,608,856.47 84,217,899.70
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 1,195,990.26 1,195,990.26
Other non-current assets
Total of non-current assets 1,304,792,683.67 1,278,289,521.30
Total assets 3,092,696,635.89 3,042,349,320.63
Current liabilities:
Short-term borrowings 27,000,000.00 30,000,000.00
Borrowings from Central Bank
Customer bank deposits and due to
banks and other financial institutions
Intra-group borrowings
Transactional financial liabilities
Notes payable 268,330,000.00 246,300,000.00
Accounts payable 569,774,723.04 577,327,834.60
Accounts received in advance 40,426,674.17 38,090,958.80
Financial assets sold for repurchase
Handling charges and commissions
payable
Employee’s compensation payable 31,476,345.36 57,122,045.12
Tax payable -12,334,614.30 -23,761,875.83
Interest payable
Dividend payable 4,263,814.61 3,891,433.83
Other accounts payable 188,514,821.79 174,454,382.17
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Report for the First Quarter of 2014 of Changchai Company, Limited
Reinsurance premiums payable
Insurance contract reserves
Payables for acting trading of
securities
Payables for acting underwriting of
securities
Non-current liabilities due within 1
year
Other current liabilities 1,939,407.40
Total current liabilities 1,117,451,764.67 1,105,364,186.09
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 50,763,900.00 49,031,925.00
Other non-current liabilities 63,694,052.94 61,894,052.94
Total non-current liabilities 114,457,952.94 110,925,977.94
Total liabilities 1,231,909,717.61 1,216,290,164.03
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 561,374,326.00 561,374,326.00
Capital reserves 464,200,092.65 448,863,729.25
Less: Treasury stock
Specific reserves 6,996,256.56 6,996,256.56
Surplus reserves 289,629,574.39 289,629,574.39
Provisions for general risks
Retained profits 521,786,240.04 502,779,906.92
Foreign exchange difference -29,521.92 -66,730.67
Total equity attributable to owners of
1,843,956,967.72 1,809,577,062.45
the Company
Minority interests 16,829,950.56 16,482,094.15
Total owners’ (or shareholders’) equity 1,860,786,918.28 1,826,059,156.60
Total liabilities and owners’ (or
3,092,696,635.89 3,042,349,320.63
shareholders’) equity
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Report for the First Quarter of 2014 of Changchai Company, Limited
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
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Report for the First Quarter of 2014 of Changchai Company, Limited
2. Balance sheet of the Company
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Closing balance Opening balance
Current Assets:
Monetary funds 580,438,353.38 649,755,641.89
Transactional financial assets
Notes receivable 236,868,924.48 257,695,729.93
Accounts receivable 474,469,629.58 287,405,670.66
Accounts paid in advance 8,504,225.35 10,821,513.13
Interest receivable
Dividend receivable
Other accounts receivable 10,119,394.95 10,397,443.72
Inventories 329,629,729.94 401,992,702.79
Non-current assets due within 1 year
Other current assets
Total current assets 1,640,030,257.68 1,618,068,702.12
Non-current assets:
Available-for-sale financial assets 380,300,500.00 368,754,000.00
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investment 192,166,565.73 188,666,565.73
Investing property 61,145,626.43 61,697,711.63
Fixed assets 497,007,022.32 496,473,706.65
Construction in progress 88,710,366.04 77,785,739.64
Engineering materials
Disposal of fixed assets
Production biological assets
Oil-gas assets
Intangible assets 81,566,368.85 82,161,279.41
R&D expense
Goodwill
Long-term deferred expenses
Deferred income tax assets 1,195,990.26 1,195,990.26
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Report for the First Quarter of 2014 of Changchai Company, Limited
Other non-current assets
Total of non-current assets 1,302,092,439.63 1,276,734,993.32
Total assets 2,942,122,697.31 2,894,803,695.44
Current liabilities:
Short-term borrowings
Transactional financial liabilities
Notes payable 268,330,000.00 239,300,000.00
Accounts payable 523,980,642.99 534,436,105.73
Accounts received in advance 40,125,298.29 48,173,277.25
Employee’s compensation payable 29,051,930.51 52,616,431.17
Tax payable -4,502,617.56 -16,220,685.07
Interest payable
Dividend payable 3,243,179.97 3,243,179.97
Other accounts payable 177,569,886.83 167,758,011.92
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 1,037,798,321.03 1,029,306,320.97
Non-current liabilities:
Long-term borrowings
Bonds payable
Long-term payables
Specific payables
Estimated liabilities
Deferred income tax liabilities 50,763,900.00 49,031,925.00
Other non-current liabilities 63,694,052.94 61,894,052.94
Total non-current liabilities 114,457,952.94 110,925,977.94
Total liabilities 1,152,256,273.97 1,140,232,298.91
Owners’ equity (or shareholders’
equity)
Paid-up capital (or share capital) 561,374,326.00 561,374,326.00
Capital reserves 474,875,497.68 460,891,884.95
Less: Treasury stock
Specific reserves 6,996,256.56 6,996,256.56
Surplus reserves 289,629,574.39 289,629,574.39
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Report for the First Quarter of 2014 of Changchai Company, Limited
Provisions for general risks
Retained profits 456,990,768.71 435,679,354.63
Foreign exchange difference
Total owners’ (or shareholders’) equity 1,789,866,423.34 1,754,571,396.53
Total liabilities and owners’ (or
2,942,122,697.31 2,894,803,695.44
shareholders’) equity
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
3. Consolidated income statement
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Operating revenues 742,596,945.82 814,251,387.30
Including: Sales income 742,596,945.82 814,251,387.30
Interest income
Premium income
Handling charge and
commission income
II. Total operating cost 718,974,544.23 792,240,834.74
Including: Cost of sales 658,509,746.25 722,423,947.13
Interest expenses
Handling charge and
commission expenses
Surrenders
Net claims paid
Net amount withdrawn for the
insurance contract reserve
Expenditure on policy dividends
Reinsurance premium
Taxes and associate charges 209,031.38 143,557.89
Selling and distribution expenses 27,228,368.05 29,454,345.37
Administrative expenses 34,984,302.76 42,694,660.07
Financial expenses -1,956,904.21 -2,475,675.72
Asset impairment loss
Add: Gain/(loss) from change in fair
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Report for the First Quarter of 2014 of Changchai Company, Limited
value (“-” means loss)
Gain/(loss) from investment (“-”
526,224.94 77,588.11
means loss)
Including: share of profits in associates
and joint ventures
Foreign exchange gains (“-” means
loss)
III. Business profit (“-” means loss) 24,148,626.53 22,088,140.67
Add: non-operating income 1,065,169.47 1,775,940.49
Less: non-operating expense 1,289,209.96 1,194,598.39
Including: loss from
non-current asset disposal
IV. Total profit (“-” means loss) 23,924,586.04 22,669,482.77
Less: Income tax expense 4,044,171.57 3,788,312.93
V. Net profit (“-” means loss) 19,880,414.47 18,881,169.84
Including: Net profit achieved by
combined parties before the
combinations
Attributable to owners of the
19,532,558.06 18,934,558.56
Company
Minority shareholders’ income 347,856.41 -53,388.72
VI. Earnings per share -- --
(I) Basic earnings per share 0.03 0.03
(II) Diluted earnings per share 0.03 0.03
Ⅶ. Other comprehensive incomes 15,336,363.40 -27,013,682.28
Ⅷ. Total comprehensive incomes 35,216,777.87 -8,132,512.44
Attributable to owners of the
34,868,921.46 -8,079,123.72
Company
Attributable to minority
347,856.41 -53,388.72
shareholders
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
4. Income statement of the Company
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
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Report for the First Quarter of 2014 of Changchai Company, Limited
I. Operating revenues 744,681,372.60 817,249,880.91
Less: operating costs 667,845,757.35 732,184,980.34
Business taxes and surcharges
Distribution expenses 25,657,024.17 27,591,970.45
Administrative expenses 31,028,879.23 38,206,517.83
Financial costs -3,091,376.45 -2,984,442.00
Impairment loss
Add: gain/(loss) from change in fair
value (“-” means loss)
Gain/(loss) from investment (“-”
2,446,600.00
means loss)
Including: income form investment
on associates and joint ventures
II. Business profit (“-” means loss) 25,687,688.30 22,250,854.29
Add: non-business income 628,773.51 672,397.21
Less: non-business expense 1,244,209.96 1,194,484.89
Including: loss from non-current
asset disposal
III. Total profit (“-” means loss) 25,072,251.85 21,728,766.61
Less: income tax expense 3,760,837.77 3,409,314.99
IV. Net profit (“-” means loss) 21,311,414.08 18,319,451.62
V. Earnings per share -- --
(I) Basic earnings per share 0.04 0.03
(II) Diluted earnings per share 0.04 0.03
VI. Other comprehensive income 13,983,612.73 -27,012,575.00
VII. Total comprehensive income 35,295,026.81 -8,693,123.38
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
5. Consolidated cash flow statement
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Cash flows from operating activities:
Cash received from sale of
633,248,454.62 809,467,550.66
commodities and rendering of service
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Report for the First Quarter of 2014 of Changchai Company, Limited
Net increase of deposits from
customers and dues from banks
Net increase of loans from the central
bank
Net increase of funds borrowed from
other financial institutions
Cash received from premium of
original insurance contracts
Net cash received from reinsurance
business
Net increase of deposits of policy
holders and investment fund
Net increase of disposal of tradable
financial assets
Cash received from interest, handling
charges and commissions
Net increase of intra-group
borrowings
Net increase of funds in repurchase
business
Tax refunds received 12,207,933.66 14,771,186.10
Other cash received relating to
3,986,052.18 4,027,490.48
operating activities
Subtotal of cash inflows from operating
649,442,440.46 828,266,227.24
activities
Cash paid for goods and services 593,122,072.37 648,268,258.31
Net increase of customer lendings
and advances
Net increase of funds deposited in the
central bank and amount due from
banks
Cash for paying claims of the original
insurance contracts
Cash for paying interest, handling
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 80,343,377.26 81,987,302.47
Various taxes paid 11,153,867.39 10,113,491.21
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Report for the First Quarter of 2014 of Changchai Company, Limited
Other cash payment relating to
9,540,762.72 16,478,031.67
operating activities
Subtotal of cash outflows from
694,160,079.74 756,847,083.66
operating activities
Net cash flows from operating activities -44,717,639.28 71,419,143.58
II. Cash flows from investing activities:
Cash received from withdrawal of
0.00 0.00
investments
Cash received from return on
176,244.94 77,588.11
investments
Net cash received from disposal of
fixed assets, intangible assets and other 158,173.02 197,020.04
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
20,000.00 5,179,450.00
investing activities
Subtotal of cash inflows from
354,417.96 5,454,058.15
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 32,774,332.39 27,916,821.47
assets
Cash paid for investment 1,250,000.00 0.00
Net increase of pledged loans
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
11,512,486.41 16,000,000.00
investing activities
Subtotal of cash outflows from
45,536,818.80 43,916,821.47
investing activities
Net cash flows from investing activities -45,182,400.84 -38,462,763.32
III. Cash flows from financing
Activities:
Cash received from capital
contributions
Including: Cash received from
minority shareholder investments by
subsidiaries
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Report for the First Quarter of 2014 of Changchai Company, Limited
Cash received from borrowings 17,000,000.00
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
0.00 17,000,000.00
activities
Repayment of borrowings 3,000,000.00 10,000,000.00
Cash paid for interest expenses and
0.00 254,655.94
distribution of dividends or profit
Including: dividends or profit paid
by subsidiaries to minority shareholders
Other cash payments relating to
financing activities
Sub-total of cash outflows from
3,000,000.00 10,254,655.94
financing activities
Net cash flows from financing activities -3,000,000.00 6,745,344.06
IV. Effect of foreign exchange rate
-62,201.92 -1,007.36
changes on cash and cash equivalents
V. Net increase in cash and cash
-92,962,242.04 39,700,716.96
equivalents
Add: Opening balance of cash and
610,882,216.18 744,494,588.07
cash equivalents
VI. Closing balance of cash and cash
517,919,974.14 784,195,305.03
equivalents
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
6. Cash flow statement of the Company
Prepared by Changchai Company, Limited
Unit: RMB Yuan
Item Jan.-Mar. 2014 Jan.-Mar. 2013
I. Cash flows from operating activities:
Cash received from sale of
635,031,653.87 806,717,049.56
commodities and rendering of service
Tax refunds received 12,207,933.66 14,771,186.10
Other cash received relating to
3,657,949.42 3,549,610.74
operating activities
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Report for the First Quarter of 2014 of Changchai Company, Limited
Subtotal of cash inflows from operating
650,897,536.95 825,037,846.40
activities
Cash paid for goods and services 617,029,101.59 655,750,607.03
Cash paid to and for employees 70,381,645.71 72,118,774.59
Various taxes paid 9,514,379.15 9,942,021.71
Other cash payment relating to
8,244,209.96 11,248,564.85
operating activities
Subtotal of cash outflows from
705,169,336.41 749,059,968.18
operating activities
Net cash flows from operating activities -54,271,799.46 75,977,878.22
II. Cash flows from investing activities:
Cash received from retraction of
investments
Cash received from return on
2,446,600.00 0.00
investments
Net cash received from disposal of
fixed assets, intangible assets and other 158,173.02 197,020.04
long-term assets
Net cash received from disposal of
subsidiaries or other business units
Other cash received relating to
investing activities
Subtotal of cash inflows from
2,604,773.02 197,020.04
investing activities
Cash paid to acquire fixed assets,
intangible assets and other long-term 28,917,352.39 24,018,015.52
assets
Cash paid for investment
Net cash paid to acquire subsidiaries
and other business units
Other cash payments relating to
investing activities
Subtotal of cash outflows from
28,917,352.39 24,018,015.52
investing activities
Net cash flows from investing activities -26,312,579.37 -23,820,995.48
III. Cash flows from financing
activities:
Cash received from capital
20
Report for the First Quarter of 2014 of Changchai Company, Limited
contributions
Cash received from borrowings
Cash received from issuance of
bonds
Other cash received relating to
financing activities
Subtotal of cash inflows from financing
0.00 0.00
activities
Repayment of borrowings 0.00 0.00
Cash paid for interest expenses and
0.00
distribution of dividends or profit
Other cash payments relating to
financing activities
Sub-total of cash outflows from
0.00 0.00
financing activities
Net cash flows from financing activities 0.00 0.00
IV. Effect of foreign exchange rate
changes on cash and cash equivalents
V. Net increase in cash and cash
-80,584,378.83 52,156,882.74
equivalents
Add: Opening balance of cash and
574,440,388.77 708,748,963.75
cash equivalents
VI. Closing balance of cash and cash
493,856,009.94 760,905,846.49
equivalents
Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He
II. Audit report
Is this report audited?
□ Yes √ No
This report is not audited.
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