Abstract of the 2014 Semi-annual Report of Changchai Company, Limited
Stock code: 000570, 200570 Stock abbreviation: SCCA, SCCB Announcement No.:2014-015
Changchai Company, Limited
Abstract of the 2014 Semi-annual Report
1. Important reminders
This abstract is based on the full text of the semi-annual report. For more details, investors are suggested to read the full text
disclosed at the same time with this abstract on http://www.cninfo.com.cn, the website of Shenzhen Stock Exchange or any other
website designated by CSRC.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions, the Chinese version
shall prevail.
Company profile
Stock abbreviation SCCA, SCCB Stock code 000570, 200570
Stock exchange listed with Shenzhen Stock Exchange
Contact information Company Secretary Securities Affairs Representative
Name Shi Jianchun He Jianjiang
Tel. (86)519-86610041 (86)519-68683155
Fax (86)519-86630954 (86)519-86630954
E-mail ccsjc@changchai.com cchjj@changchai.com
2. Financial highlights and change of shareholders
（1）Financial highlights
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
Reporting period Same period of last year YoY +/-（％）
Operating revenues (RMB Yuan) 1,339,876,201.72 1,597,702,698.46 -16.14%
Net profit attributable to shareholders of
34,303,430.49 39,865,197.16 -13.95%
the Company (RMB Yuan)
Net profit attributable to shareholders of
the Company after extraordinary gains and 33,519,687.43 40,197,891.46 -16.61%
losses (RMB Yuan)
Net cash flows from operating activities
-30,355,787.85 86,671,315.58 ——
(RMB Yuan)
Basic EPS (RMB Yuan/share) 0.06 0.07 -14.29%
Diluted EPS (RMB Yuan/share) 0.06 0.07 -14.29%
Weighted average ROE (%) 1.88% 2.20% -0.32%
As at the end of the
As at the end of last year +/-（％）
reporting period
Total assets (RMB Yuan) 3,010,826,659.91 3,042,349,320.63 -1.04%
Net assets attributable to shareholders of
1,834,942,526.80 1,809,577,062.45 1.40%
the Company (RMB Yuan)
（2） Shareholdings of the top 10 common shareholders
Total number of common 66,476
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Abstract of the 2014 Semi-annual Report of Changchai Company, Limited
shareholders at the end of the
reporting period
Shareholdings of the top 10 common shareholders
Total shares Pledged or frozen shares
Name of Nature of Shareholding
held at the Number of restricted shares held Status of Number of
shareholder shareholder percentage (%)
period-end shares shares
State-owned
Assets
Supervision and
Administration
On behalf of the
Commission of 30.02% 168,497,736
State
Changzhou
Municipal
People’s
Government
BNP PARIBAS
WEALTH
MANAGEMEN Foreign
2.71% 15,199,417
T HONG corporation
KONG
BRANCH
China Foreign
Economic
Relations And
Trade Trust Co., Other 1.15% 6,458,000
Ltd. － New
share ＋ Interest
Arbitrage
Domestic
Wang Yuanquan 0.90% 5,040,000
individual
Chang Xin
Asset －
Industrial Bank
－ Block trade Other 0.86% 4,812,165
No. 1 Asset
Management
Plan
ING ASIA
PRIVATE Foreign
0.80% 4,489,901
BANK corporation
LIMITED
Chang Xin
Asset －
Industrial Bank
－ Block trade Other 0.78% 4,369,939
No. 3 Asset
Management
Plan
Nature Asset －
Shanghai Bank
－ Nature
Takewin
Flexible Other 0.69% 3,860,000
Configuration
No. 6 Asset
Management
Plan
Zhonghai Trust
Co., Ltd.– Other 0.67% 3,755,642
Zhonghai Jufa -
new share
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Abstract of the 2014 Semi-annual Report of Changchai Company, Limited
agreed purchase
1 money trust
Nature Asset －
Bank of
Communication
－ Nature
Takewin
Flexible Other 0.64% 3,580,000
Configuration
Grading No. 2
Asset
Management
Plan
Explanation on associated It is unknown whether there was any associated relationship among the top ten tradable
relationship or persons acting in shareholders and among the top ten shareholders not subject to trading moratorium, or whether
concert among the they are persons acting in concert as described by Measures for the Administrative of Disclosure
above-mentioned shareholders of Shareholder Equity Changes.
Because the shareholder--Mr. Wang Yuanquan had participated in the financing and securities
Shareholders taking part in
loans business during the reporting period, he held the shares of the Company of 5,040,000
margin financing and securities
shares through the securities guarantee account of the customer credit transactions provided by
lending
China Securities Co., Ltd with the proportion of the share holding of 0.90%.
（3）Shareholdings of the top 10 preferred share holders
□ Applicable √ Inapplicable
No preferred shares for the reporting period.
（4）Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Inapplicable
The controlling shareholder did not change in the reporting period.
Change of the actual controller in the reporting period
□ Applicable √ Inapplicable
The actual controller did not change in the reporting period.
3. Discussion and analysis by the management
For the first half of 2014, the Company totally sold 537,900 units of various diesel engines and generator sets,
down 18% over the same period of last year, including 459,100 units of single-cylinder diesel engines (a
year-on-year decrease of 19.63%), 73,100 units of multi-cylinder diesel engines (a year-on-year decrease of
16.36%), it achieved a sales income of RMB 1,339,876,200, down 16.14% from the same period of last year; and
net profit attributable to shareholders of the Company of RMB 34.3034 million, down 13.95% on the year-on-year
basis.
In the reporting period, competition in the diesel engine market became fiercer. We vigorously expanded markets
at home and abroad and maintained a stable development. Affected by the weak national economy, the decreasing
market demand brought down the production and sales volume of our single-cylinder diesel engines as compared
with the same period of last year, but we managed to maintain the first place in the industry. Meanwhile, affected
by the international emission restrictions, the market share of multi-cylinder diesel engines for automobile
decreased while that for agricultural machinery remained stable. In the first half of 2014, our sales volume and
income both decreased year on year. The prices of raw and auxiliary materials dropped slightly. We integrated
production resources with great effort, optimized management and strictly controlled the component cost. As a
result, the gross profit rate of products was higher than the same period of last year. The profits achieved in the
reporting period decreased to some extent when compared with the same period of last year.
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Abstract of the 2014 Semi-annual Report of Changchai Company, Limited
4. Matters related to financial reporting
(1) Explain change of the accounting policies, accounting estimates and measurement methods as compared
with the financial reporting of last year
□ Applicable √ Inapplicable
The accounting policies, accounting estimates or measurement methods did not change in the reporting period.
(2) Explain retrospective restatement due to correction of significant accounting errors in the reporting
period
□ Applicable √ Inapplicable
No correction of significant accounting errors in the reporting period.
(3) Explain change of the consolidation scope as compared with the financial reporting of last year
□ Applicable √ Inapplicable
The consolidation scope did not change in the reporting period.
(4) Explanation of the Board of Directors and the Supervisory Committee concerning the “non-standard
audit report” issued by the CPAs firm for the reporting period
□ Applicable √ Inapplicable
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