2009 Third Quarter Report of
Chongqing Changan Automobile Company Limited
§1 Important Notes
1.1 The Board of Directors, the Supervisory Committee and directors, supervisors and senior management of
Chongqing Changan Automobile 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 demonstrated uncertainty or disagreement about
the truthfulness, accuracy, and completeness of this quarterly report.
1.3 All directors attended the Board meeting.
1.4 The financial statements of this quarter have not been audited.
1.5 Chairman Mr. xv Liuping, General Manager Mr. Zhang Baolin, Chief Accountants Mr. Cui Yunjiang and
Mr. Ni Erke guarantee the truthfulness and completeness of the financial statements of the quarter report.
1.6 The report shall be presented in both Chinese and English, and should there be any conflicting
understanding of the text, the Chinese version shall prevail.
§2 Company Profile
2.1 Main accounting data and financial indicators
In RMB Yuan
2009.9.30 2008.12.31 Increase/decrease (%)
Gross Assets 20,187,095,523.00 15,367,824,845.00 31.36%
Owners’ equity attributable to
shareholders of listed company 8,370,038,369.00 7,596,524,813.00 10.18%
Share capital 2,334,022,848.00 2,334,022,848.00 0.00%
Net asset per share attributable to
shareholders of listed company 3.59 3.25 10.46%
Jul-Sep. 2009
Changes of
Reporting Period on
the same Period last
year （％）
Jan.-Sep. 2009
Changes of
Reporting Period on
the same Period last
year （％）
operation total income 6,117,760,129.00 121.75% 17,400,466,686.00 63.56%
Net profit attributable to shareholders
of listed company 308,653,915.00 389.43% 841,455,695.00 144.93%
Net cash flow from operating activities - - 2,854,589,617.00 354.92%
Net cash flow from operating activities
per share - - 1.22 352.98%
Basic earnings per share 0.13 384.52% 0.36 144.90%
Diluted earning per share 0.13 384.52% 0.36 144.90%
Return rate on net assets 3.69% 5.03% 10.05% 5.71%
Return on equity after deducting
non-recurring gains and losses 3.63% 5.03% 10.01% 5.68%
Items and amounts of extraordinary gains and losses
Non-recurring gain and loss items Amount
Profit and loss arising from the disposal of non-current assets -1,189,857.00
Government grants 7,215,500.00
Donation expenditure on public welfare 1,717,183.00
The other -3,243,620.00
Non-recurring profit and loss effect on income tax -602,464.002
Net effect on the non-recurring profit and loss attributable to minority shareholders -695,506.00
Total 3,201,236.00
Reconciliation description under the PRC accounting standards and International Financial Reporting Standards
Sep30,2009 2009 Third
Accountant difference adjustment list Quarter
Net assets Net profits
Workout accountant according to the enterprise accounting rule and syatem under the PRC 8,370,038,369 841,455,695
Adjustment of according to international accounting rules
1.Reduce corporation income tax on the basis of purchasing national equipments -89,708,361 7,679,586
2.Payment to currency shareholders of A share cash opposite price -71,284,065
Workout accountant according to the international finance report rules 8,209,045,943 849,135,281
2.2 Total number of shareholders at the end of the report period and statement on shares held by the
top ten tradable shareholders
Unit: share
Total shareholders number 161,484
Top ten shareholders of stock without limited sale
Name of shareholders
Total number of shares
without condition of
limited sale
Share type
China Changan Auto Group.CO.LTD 233,402,285 Renminbi ordinary share
BONJOUR CHINA FUND 2 38,022,216 Foreign capital stock listed within China
China Constuction Bank－YinHua Core Value Equity Fund 31,808,158 Renminbi ordinary share
China Constuction Bank－First State Cinda Leaders Growth
Equity Securities Investment Fund 29,292,811 Renminbi ordinary share
China Constuction Bank－FullGoal Tianbo the theme of
innovative Securities Investment Fund 17,277,232 Renminbi ordinary share
Bank Of China－Yinhua Prime Growth Equity Fund 14,823,343 Renminbi ordinary share
China Life Insurance Company Limited– Dividend
Distribution–Individual Dividend- 005L-FH002 Shen 13,549,976 Renminbi ordinary share
China Constuction Bank－Bosera Thematic Sector Equity
Securities Investment Fund 13,344,519 Renminbi ordinary share
China Constuction Bank－Yinhua Prosperity Theme Equity
Fund 13,021,763 Renminbi ordinary share
JPMBLSA RE FTIF TEMPLETON CHINA FUND GTI 5497 11,804,280 Foreign capital stock listed within China
§3 Important Matters
3.1 Significant changes in major accounting data, financial highlight and reason of these changes.
√Applicable □Not Applicable
NO Balance Sheet Items Sep. 30 2009 Jan. 1th 2009 Changes
1 Monetary fund 4,012,003,260 1,624,164,159 147.02%
2 Notes receivable 4,299,979,889 1,934,083,075 122.33%
3 Construction in process 1,343,343,017 851,287,528 57.80%
4 Intangible assets 275,204,611 114,867,135 139.59%
5 Short-term loans 549,015,514 1,093,749,195 -49.80%3
6 Notes payable 2,941,786,697 2,196,879,137 33.91%
7 Account payable 4,579,391,372 2,275,651,448 101.23%
8 Tax payable 213,478,034 58,456,823 265.19%
9 Other account payable 486,452,060 367,301,503 32.44%
10 Non-current liability due in 1 year 962,996,182 345,932,573 178.38%
11 Long-term borrowings 542,000,000 0
12 Expected liabilities 368,559,088 213,392,485 72.71%
13 Differed income tax asset 234,908,430 139,533,458 68.35%
Income Statement Items Jan-Sep 2009 Jan-Sep 2008 Changes
14 Business income 17,400,466,686 10,638,491,230 63.56%
15 Business cost 13,870,778,401 8,894,802,052 55.94%
16 Business tax and surcharge 355,648,515 251,507,731 41.41%
17 Sales expense 1,752,581,442 984,568,483 78.01%
18 Administrative expense 872,632,072 620,562,698 40.62%
19 Financial expenses 2,928,514 48,947,606 -94.02%
20 Asset impairment loss 367,399,118 120,563,640 204.73%
21 Gross profit 785,625,856 344,347,645 128.15%
22 Income tax expenses -63,766,248 3,972,764 -1705.09%
23 Net profit attributable to the owners of parent
company 841,455,695 343,545,413 144.93%
Cash Flow Statement Items Jan-Sep 2009 Jan-Sep 2008 Changes
24 Cash flow generated by business operation, net 2,854,589,617 627,493,710 354.92%
25 Net cash flow generated by investment -303,378,683 -480,971,815 36.92%
26 Net cash flow generated by financing -161,428,067 300,360,704 -153.74%
27 Net increase of cash and cash equivalents 2,389,556,283 446,882,599 434.72%
During the report period, the company fully leveraged the state incentive policies such as spurring domestic demand and Auto
Industry Restructuring and Revitalization Plan, and substantially improved our economic scale and operation through enhanced
product quality, product mix and better marketing. From January to September 2009, 1,003,933 units of vehicle were sold, which
marks a historical record, with a year-on-year increase of 51.19%. Among these, 512124 minivans were sold, up 85.61% over the same
period of last year. 72,422 units of indigenous brand vehicles were sold, a year-on-year increase of 141.60%.
As we continue to expand production and sales network, the company’s total assets reached 20.187 billion yuan by the end of the
report period, 31.36% higher than the beginning of the year. Total debts stood at 11.697 billion yuan, up 52.72% from the beginning of
the year. Asset liability ratio was 57.94%, standing at a moderate level. Note receivable, notes payable, account payable, tax payable,
other forms of payable accounts, current liabilities due within one year, prospective liabilities increased by more than 30% over the
beginning of the year. With ongoing technology reformation, capacity expansion, and new product investment, the programs under
construction grew by 57.80% compared to the beginning of the year. As the land ownership and sedan program capitalization were
intangible assets, the company’s intangible assets grew by 139.59% compared to the beginning of the year. With changes in loan
structure, our short term loan decreased by 49.80% over the beginning of the year, and long term loan increased by 542 million RMB.
From January to September 2009, the company’s business revenue reached 17.4 billion RMB, a year-on-year increase of 63.56%.
Our operation cost was 13.87 billion RMB, up 55.94% over the same period of last year. Our revenue growth was bigger than our cost
increase, and there was a marked increase in gross profits. Profitability in our core business had increased. Total profits, parent
company’s net profits were up 128.15% and 144.93% respectively.
From January to September 2009, the company’s cash and cash-equivalent grew by 2.39 billion yuan, 434.72% higher over the
same period of last year. Our cash flow generated from operating activities amounted to 2.855 billion yuan, a year-on-year growth of
354.92%. By the end of the report period, money funds stood at 4.012 billion yuan, increasing 147.02% over the beginning of the year.
The cash and cash-equivalent’s net increase mainly come from operating activities, an indicator of the company’s marked improvement
in operation quality.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
□Applicable √Not Applicable
3.3 The fulfillment of the commitment made by the Company, shareholders and the actual controller4
√Applicable □Not Applicable
Commitments Content of commitments Implementation
Commitments made
when share merger
reform
(1) To comply with laws, rules and regulations,
and perform legal duty of commitment.
(2) Since the non-circulated shares are entitled to
be circulated, at least they can’t be dealt with or
transferred within 24 months. At the expiration of
24 months, the shareholders of non-circulated
shares can sell the shares in stock exchange in
amount of no more than 5% of total within 12
months, and no more than 10% of total within 24
months.
(3) After the reform of non-tradable shares, the
Company performs the scheme of incentive
share awards for the managements according to
relative government regulation.
The controlling shareholder of the Company,
China South Industry Automobile Co., Ltd. since
the reform program being implementation, strictly
compliance with the share-trading reform
commitments made by it. The Company
management has yet launch an equity incentive
plan. According to the "Statement on Changan
Automobile Co., Ltd. share structure reform of
the relevant commitments and the
implementation of that" issued by the Company’s
controlling shareholder, China South Industry
Automobile Co., Ltd., incentive plan will be
studied and implement timely according to
SASAC’s provisions."
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 √Not Applicable
3.5 Other significant events need to be explained
In March 3rd, 2009, the company held the 2nd Provisional General Meeting, which reviewed and passed the proposal to buy back
part of the China-listed foreign shares (B share). Under the bill, the company will spend up to HK$909 million to buy back its own
Hong Kong dollar-denominated B shares at up to HK$3.68 per share (should the company quoted ex-right and ex-interest, the upper
limit of share price would be adjusted accordingly). The number of shares to be bought back will be determined by the actual amount
of shares repurchased when the buy-back period expires, but will not exceed 423 million B shares, i.e. not exceeding 18.12 percent of
the company's total equity capital and 70% of B shares. Buy-back period is 12 months from the passing of the buy-back resolution in
the shareholder meeting. As of September, 30th 2009, the company had repurchased 8,365,233 B shares, 0.3584％ of its total equity. It
finally spent HK$30,814,148.43 (include tax) to purchase shares at up to HK$3.66 and down to HK$3.62 per share.
3.5.1 Interviews and visits in the reporting period
√Applicable □Not Applicable
Time/date Place Way Visitors Main content involved and material
provided
2009.7.8 Company video onference Japan Investment Management Co.,
Ltd
Automotive Industry Development,
Company’s Business
2009.8.26
Meeting Room,
Changan Headquarters
On-Site Survey Sumitomo Mitsui Asset Mgmt、
Nomura Internatilnal
Automotive Industry Development,
Company’s Business
2009.9.2
Meeting Room,
Changan Headquarters
On-Site Survey Mitsubishi UFJ Financial Group Automotive Industry Development,
Company’s Business
2009.9.8
Meeting Room,
Changan Headquarters
On-Site Survey Sinolink Securities、Taikang Asset
Management Co.,Ltd
Automotive Industry Development,
Company’s Business
2009.9.10
Meeting Room,
Changan Headquarters
On-Site Survey Templeton Found Automotive Industry Development,
Company’s Business
2009.9.11
Meeting Room,
Changan Headquarters
On-Site Survey Yinhua Found Automotive Industry Development,
Company’s Business
2009.9.16
Meeting Room,
Changan Headquarters
On-Site Survey Daishin Securities Automotive Industry Development,
Company’s Business
2009.9.18
Meeting Room,
Changan Headquarters
On-Site Survey HaiTong Securities Automotive Industry Development,
Company’s Business
2009.9.22
Meeting Room,
Changan Headquarters
On-Site Survey Okasan Securities Automotive Industry Development,
Company’s Business5
2009.9.25
Meeting Room,
Changan Headquarters
On-Site Survey KGI Securities Automotive Industry Development,
Company’s Business
3.6 Derivative products investment
□Applicable √Not Applicable
3.6.1 Positions of derivatives held by the Company at period-end
□Applicable √Not Applicable
§4. Attachment
4.1 Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. Sep.30 2009 in RMB yuan
Items ConsoliAdta ttehde end Poaf rteenrmt c ompany ConsoliBdeagteindn ing Poaf rteenrmt c ompany
Current asset:
Monetary fund 4,012,003,260 2,654,495,723 1,624,164,159 1,166,965,438
Settlement provision
Outgoing call loan
Trading financial assets
Notes receivable 4,299,979,889 3,352,258,697 1,934,083,075 1,257,028,330
Account receivable 453,190,563 998,991,251 398,665,914 959,777,773
Prepayment 234,165,782 204,147,241 264,265,866 202,933,850
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 98,530,859 203,738,158 94,522,596 166,274,867
Repurchasing of financial assets
Inventories 1,208,053,152 624,035,546 1,662,215,301 867,644,237
Non-current asset due in 1 year
Other current asset 202,460 29,914
Total of current asset 10,306,125,965 8,037,666,616 5,977,946,825 4,620,624,495
Non-current assets
Loans and payment on other’s behalf disbursed
Disposable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 4,601,862,851 5,506,987,790 4,556,089,383 5,459,914,322
Property investment 66,953,197 68,646,801
Fixed assets 3,108,448,928 2,611,848,712 3,333,111,102 2,805,942,755
Construction in process 1,343,343,017 1,215,759,838 851,287,528 805,436,097
Engineering material 1,303,902 1,303,902 3,147,070 3,147,070
Fixed asset disposal 28,695
Production physical assets
Gas & petrol
Intangible assets 275,204,611 199,567,584 114,867,135 34,930,6956
R&D expense 235,642,949 234,829,147 308,158,911 308,158,911
Goodwill 9,804,394 9,804,394
Long-term prepaid expenses 3,468,584 1,305,580 5,232,238 1,440,640
Differed income tax asset 234,908,430 175,410,139 139,533,458 97,843,265
Other non-current asset
Total of non-current assets 9,880,969,558 9,947,012,692 9,389,878,020 9,516,813,755
Total of assets 20,187,095,523 17,984,679,308 15,367,824,845 14,137,438,250
Current liabilities
Short-term loans 549,015,514 400,000,000 1,093,749,195 875,241,710
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities 8,056,225 9,773,408
Notes payable 2,941,786,697 2,921,746,329 2,196,879,137 2,117,879,137
Account payable 4,579,391,372 3,145,149,452 2,275,651,448 1,327,279,901
Prepayment received 812,701,867 364,501,547 909,476,065 383,616,593
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 141,758,279 115,120,864 110,874,454 85,737,760
Tax payable 213,478,034 189,798,276 58,456,823 138,292,989
Interest payable 1,577,000 1,010,000 1,200,000 1,200,000
Dividend payable 79,743 83,148
Other account payable 486,452,060 275,558,039 367,301,503 259,745,444
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 962,996,182 489,010,711 345,932,573 224,241,972
Other current liability
Total of current liability 10,697,292,973 7,901,895,218 7,369,377,754 5,413,235,506
Non-current liabilities
Long-term borrowings 542,000,000 400,000,000
Bond payable
Long-term payable
Special payable 52,098,580 52,098,579 37,939,993 37,939,993
Expected liabilities 368,559,088 227,299,911 213,392,485 156,363,111
Differed income tax liability
Other non-recurring liabilities 37,073,305 25,307,305 38,493,000 26,727,000
Total of non-current liabilities 999,730,973 704,705,795 289,825,478 221,030,104
Total of liability 11,697,023,946 8,606,601,013 7,659,203,232 5,634,265,610
Owners’ equity (or shareholders’ equity)
Practical capital collected (or share capital) 2,334,022,848 2,334,022,848 2,334,022,848 2,334,022,848
Capital reserves 1,500,256,685 1,676,524,426 1,499,260,948 1,675,528,689
Less: Shares in stock 26,925,731 26,925,731
Special reserves
Surplus reserves 1,042,968,948 1,042,968,948 1,042,968,948 1,042,968,9487
Common risk provision
Attributable profit 3,519,715,619 4,351,487,804 2,720,272,069 3,450,652,155
Different of foreign currency translation
Total of owner’s equity belong to the parent company 8,370,038,369 9,378,078,295 7,596,524,813 8,503,172,640
Minor shareholders’ equity 120,033,208 112,096,800
Total of owners’ equity 8,490,071,577 9,378,078,295 7,708,621,613 8,503,172,640
Total of liabilities and owners’ equity 20,187,095,523 17,984,679,308 15,367,824,845 14,137,438,2508
4.2 Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jul-Sep 2009 in RMB yuan
Items ConsolidaCteudrr ent Ptearrmen t company ConsSoalimdaet epde riodP laarset nyte caor mpany
I. Total business income 6,117,760,129 4,132,262,348 2,758,842,045 1,776,573,745
Incl. Business income 6,117,760,129 4,132,262,348 2,758,842,045 1,776,573,745
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 6,100,326,862 4,060,352,038 2,872,004,523 1,865,394,582
Incl. Business cost 4,867,686,550 3,250,557,391 2,339,552,721 1,488,332,613
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 125,948,382 89,828,932 58,400,234 43,191,308
Sales expense 612,553,834 305,465,108 273,598,363 182,600,492
Administrative expense 340,691,297 274,064,405 189,526,697 157,826,477
Financial expenses 4,238,192 -8,772,454 9,049,521 -8,473,777
Asset impairment loss 149,208,606 149,208,656 1,876,987
Plus: Gains from change of fair value (“-“ for loss) 857,880
Investment gain (“-“ for loss) 264,981,371 267,981,371 10,472,287 12,472,287
Incl. Investment gains from affiliates 263,169,761 263,169,760 10,234,840 10,472,288
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 283,272,518 339,891,681 -102,690,191 -76,348,550
Plus: Non business income 7,027,796 2,222,607 13,415,600 10,104,452
Less: Non-business expenses 2,807,023 953,237 8,947,053 8,533,779
Incl. Loss from disposal of non-current assets 593,237
IV. Gross profit (“-“ for loss) 287,493,291 341,161,051 -98,221,644 -74,777,877
Less: Income tax expenses -24,505,028 -28,989,213 5,846,483 257,382
V. Net profit (“-“ for net loss) 311,998,319 370,150,264 -104,068,127 -75,035,259
Net profit attributable to the owners of parent company 308,653,915 370,150,264 -106,642,144 -75,035,259
Minor shareholders’ equity 3,344,404 2,574,017
VI. Earnings per share:
(I) Basic earnings per share 0.13 0.16 -0.05 -0.03
(II) Diluted earnings per share 0.13 0.16 -0.05 -0.03
VII. Other misc. incomes -81,891 -81,891
VIII. Total of misc. incomes 311,916,428 370,068,373 -104,068,127 -75,035,259
Total of misc. incomes attributable to the owners of
the parent company 308,572,024 370,068,373 -106,642,144 -75,035,259
Total misc gains attributable to the minor shareholders 3,344,404 2,574,0179
4.3 Income Statement From Beginning of year to end of Reporting Period
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2009 in RMB yuan
Items ConsolidaCteudrr ent Ptearrmen t company ConsSoalimdaet epde riodP laarset nyte caor mpany
I. Total business income 17,400,466,686 11,591,452,816 10,638,491,230 6,969,227,933
Incl. Business income 17,400,466,686 11,591,452,816 10,638,491,230 6,969,227,933
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 17,221,968,062 11,336,920,211 10,920,952,210 7,098,535,905
Incl. Business cost 13,870,778,401 9,136,747,687 8,894,802,052 5,781,074,949
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 355,648,515 251,630,711 251,507,731 176,320,564
Sales expense 1,752,581,442 910,713,557 984,568,483 619,644,506
Administrative expense 872,632,072 699,817,104 620,562,698 519,987,854
Financial expenses 2,928,514 -30,343,084 48,947,606 -726,873
Asset impairment loss 367,399,118 368,354,236 120,563,640 2,234,905
Plus: Gains from change of fair value (“-“ for loss) 1,717,183
Investment gain (“-“ for loss) 602,628,026 612,974,641 625,318,309 607,068,388
Incl. Investment gains from affiliates 593,961,858 593,961,858 609,326,937 609,326,937
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 782,843,833 867,507,246 342,857,329 477,760,416
Plus: Non business income 12,892,832 4,807,105 21,075,098 16,867,156
Less: Non-business expenses 10,110,809 7,033,430 19,584,782 18,128,328
Incl. Loss from disposal of non-current assets 1,649,462 1,289,897 691,715 473,695
IV. Gross profit (“-“ for loss) 785,625,856 865,280,921 344,347,645 476,499,244
Less: Income tax expenses -63,766,248 -77,566,874 3,972,764 -13,104,014
V. Net profit (“-“ for net loss) 849,392,104 942,847,795 340,374,881 489,603,258
Net profit attributable to the owners of parent company 841,455,695 942,847,795 343,545,413 489,603,258
Minor shareholders’ equity 7,936,409 -3,170,532
VI. Earnings per share:
(I) Basic earnings per share 0.36 0.40 0.15 0.21
(II) Diluted earnings per share 0.36 0.40 0.15 0.21
VII. Other misc. incomes 995,738 995,738
VIII. Total of misc. incomes 850,387,842 943,843,533 340,374,881 489,603,258
Total of misc. incomes attributable to the owners of
the parent company 842,451,433 943,843,533 343,545,413 489,603,258
Total misc gains attributable to the minor shareholders 7,936,409 -3,170,53210
4.4 Cash Flow Statement from the beginning of year to the end of report term.
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2009 in RMB yuan
Items ConsolidaCteudrrentP taerremn t company ConsSoalimdaet epde riodP laarsetn yt ecaorm pany
I. Net cash flow from business operation
Cash received from sales of products and providing of
services 10,951,759,835 8,507,483,866 7,254,024,048 5,490,032,553
Net increase of customer deposits and capital kept for
brother company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Net increase of trade financial asset disposal
Cash received as interest, processing fee, and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 60,744,184 122,198,190 14,090,000
Other cash received from business operation 166,936,115 100,453,602 203,033,502 32,396,779
Sub-total of cash inflow from business activities 11,179,440,134 8,607,937,468 7,579,255,740 5,536,519,332
Cash paid for purchasing of merchandise and services 5,468,882,591 4,522,870,198 4,718,160,987 3,408,879,513
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 587,729,034 472,732,923 451,234,921 369,238,220
Taxes paid 1,104,435,708 763,699,839 588,349,255 387,266,703
Other cash paid for business activities 1,163,803,184 968,596,722 1,194,016,867 877,245,211
Sub-total of cash outflow from business activities 8,324,850,517 6,727,899,682 6,951,762,030 5,042,629,647
Cash flow generated by business operation, net 2,854,589,617 1,880,037,786 627,493,710 493,889,685
II. Cash flow generated by investing
Cash received from investment retrieving 3,250,000 3,250,000 5,637,000 5,068,403
Cash received as investment gains 555,520,168 567,201,173 851,070,032 862,547,648
Net cash retrieved from disposal of fixed assets, intangible
assets, and other long-term assets 931,634 467,681 779,414 526,995
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 90,000 12,876,262
Sub-total of cash inflow due to investment activities 559,791,802 570,918,854 870,362,708 868,143,046
Cash paid for construction of fixed assets, intangible assets
and other long-term assets 860,274,115 787,853,043 616,293,723 578,053,434
Cash paid as investment 2,896,370 2,896,370 735,040,800 772,522,600
Net increase of loan against pledge
Net cash received from subsidiaries and other operational
units
Other cash paid for investment activities
Sub-total of cash outflow due to investment activities 863,170,485 790,749,413 1,351,334,523 1,350,576,034
Net cash flow generated by investment -303,378,683 -219,830,559 -480,971,815 -482,432,98811
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor shareholders
Cash received as loans 1,098,581,154 450,000,000 2,125,393,613 1,675,241,710
Cash received from bond placing
Other financing-related cash received 2,929,866 626,297 -797,798
Subtotal of cash inflow from financing activities 1,101,511,020 450,626,297 2,124,595,815 1,675,241,710
Cash to repay debts 1,151,099,462 525,026,516 1,720,370,224 1,300,000,000
Cash paid as dividend, profit, or interests 82,642,345 71,111,564 71,430,769 66,904,388
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 29,197,280 27,165,159 32,434,118
Subtotal of cash outflow due to financing activities 1,262,939,087 623,303,239 1,824,235,111 1,366,904,388
Net cash flow generated by financing -161,428,067 -172,676,942 300,360,704 308,337,322
IV. Influence of exchange rate alternation on cash and cash
equivalents -226,584
V. Net increase of cash and cash equivalents 2,389,556,283 1,487,530,285 446,882,599 319,794,019
Plus: Balance of cash and cash equivalents at the beginning
of term 1,614,390,751 1,166,965,438 1,583,706,500 1,169,325,053
VI. Balance of cash and cash equivalents at the end of term 4,003,947,034 2,654,495,723 2,030,589,099 1,489,119,072
4.4 Auditors’Report Auditing Opinion: Unaudited
