Stock Code: 000625(200625) Abbreviated name of the stock: Changan Automobile(Changan B) Bulletin No.：2010-44
2010 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 Directors absent from the meeting
Name of the Director Reasons for the absence Name of the consignee
Lian Gang On Business
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. Hua ZhanBiao 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
2010.9.30 2009.12.31 Increase/decrease (%)
Gross Assets 27,703,372,370.38 25,241,314,645.21 9.75%
Owners’ equity attributable to
shareholders of listed company 10,306,656,939.29 8,895,667,191.69 15.86%
Share capital 2,325,657,615.00 2,334,022,848.00 -0.36%
Net asset per share attributable to
shareholders of listed company 4.43 3.81 16.27%
Jul-Sep. 2010
Changes of
Reporting Period on
the same Period last
year （％）
Jan.-Sep. 2010
Changes of
Reporting Period on
the same Period last
year （％）
operation total income 6,227,268,727.00 -0.01% 22,854,723,660.07 28.91%
Net profit attributable to shareholders
of listed company 352,591,435.41 15.78% 1,719,156,787.02 107.75%
Net cash flow from operating activities - - 4,152,627,442.06 31.34%
Net cash flow from operating activities
per share - - 1.79 31.82%
Basic earnings per share 0.15 15.38% 0.74 105.56%
Diluted earning per share 0.15 15.38% 0.74 105.56%
Return rate on net assets 3.50% Increase 0.13
percentage points 17.62% Increase 7.25
percentage points
Return on equity after deducting
non-recurring gains and losses 3.47% Increase 0.16
percentage points 17.58% Increase7.30
percentage points
Items and amounts of extraordinary gains and losses
Non-recurring gain and loss items Amount2
Profit and loss arising from the disposal of non-current assets -1,881,356.64
Government grants 2,547,361.37
Donation expenditure on public welfare 4,563,744.00
The other -333,924.88
Non-recurring profit and loss effect on income tax -1,350,912.29
Net effect on the non-recurring profit and loss attributable to minority shareholders 251,411.84
Total 3,796,323.40
Reconciliation description under the PRC accounting standards and International Financial Reporting Standards
Sep30,2010 2010 Third
Accountant difference adjustment list Quarter
Net assets Net profits
Workout accountant according to the enterprise accounting rule and syatem under the PRC 10,306,656,939.29 1,719,156,787.02
Adjustment of according to international accounting rules
Payment to currency shareholders of A share cash opposite price -71,284,065
Workout accountant according to the international finance report rules 10,164,088,809.29 1,719,156,787.02
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 225,989
Top ten shareholders of stock without limited sale
Name of shareholders
Total number of shares
without condition of
limited sale
Share type
CHINA CHANGAN AUTOMOBILE COMPANY LIMITED 1,063,087,489 Renminbi ordinary share
DREYFUS PREMIER INVESTMENT FDS INC.-DREYFUS
GREATER CHINA FD 26,292,615 Foreign capital stock listed within China
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 17,139,211 Foreign capital stock listed within China
BONJOUR CHINA FUND 2 16,568,176 Foreign capital stock listed within China
Bank Of China－E Fund Shenzhen Stock Exchange 100
Exchange-Traded Fund 12,478,394 Renminbi ordinary share
China Construction Bank- FullGoal Tianbo the theme of
innovative Securities Investment Fund 12,159,488 Renminbi ordinary share
JPMBLSA RE FTIF TEMPLETON CHINA FUND GTI 5497 9,239,280 Foreign capital stock listed within China
Tokai Securities - Bank of Communications - Dongfeng 5 Asset
Management Plan sets 8,810,049 Renminbi ordinary share
Rongtong Shenzhen Stock Exchange
100 Index Securities Investment Fund
7,770,546 Renminbi ordinary share
TEMPLETON CHINA WORLD FUND INC 7,507,924 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 2010 Jan. 1th 2010 Changes
1 Monetary fund 6,592,375,424.26 3,658,380,928.50 80.20%3
2 Notes receivable 4,630,788,469.83 7,022,333,591.84 -34.06%
3 Account receivable 540,191,888.67 182,991,180.86 195.20%
4 Construction in process 1,842,427,364.08 1,316,169,651.80 39.98%
5 Intangible assets 868,138,434.09 378,030,601.16 129.65%
6 Notes payable 5,631,947,535.77 2,797,030,532.62 101.35%
7 Prepayment received 1,224,548,267.61 3,031,972,501.29 -59.61%
8 Other current liability 1,995,282,518.28 842,516,160.16 136.82%
9 Expected liabilities 592,604,951.74 416,077,626.26 42.43%
Income Statement Items Jan-Sep 2010 Jan-Sep 2009 Changes
10 Business income 22,854,723,660.07 17,728,850,449.62 28.91%
11 Business cost 18,601,887,186.00 14,156,146,307.52 31.41%
12 Business tax and surcharge 471,360,783.11 358,338,301.39 31.54%
13 Sales expense 2,443,426,050.52 1,766,710,651.71 38.30%
14 Asset impairment loss -9,564,005.91 367,399,118.16 -102.60%
15 Investment gain 1,438,547,642.61 602,727,242.00 138.67%
16 Operational profit 1,700,988,014.73 766,971,234.33 121.78%
17 Gross profit 1,700,682,312.79 771,710,361.17 120.38%
18 Net profit attributable to the owners of parent
company 1,719,156,787.02 827,527,441.41 107.75%
Cash Flow Statement Items Jan-Sep 2010 Jan-Sep 2009 Changes
19 Cash flow generated by business operation, net 4,152,627,442.06 3,161,639,427.19 31.34%
20 Net cash flow generated by investment -588,375,720.22 -364,946,303.79 -61.22%
21 Net cash flow generated by financing -629,846,291.68 -263,822,866.05 -138.74%
22 Net increase of cash and cash equivalents 2,933,994,495.76 2,532,643,673.83 15.85%
During reporting period the Company continued to take “Course Leading Plan” as command, tightly centers on target of the
whole year and takes charge of sale management; the Company also continued to intensify cost-control and product line-up
optimization. The Company’s production & sale volume had new record, and its scale & profit still kept growth. From January to
September, 2010, car sale volume reached 1,337,658 units with year-on-year increase of 33.24%. Among them mini passenger car &
truck sold 625,814 with increase of 22.18% and Changan Brand sedan sold 132,017 units with increase of 82.29%.
Due to production expansion and sale growth Company’s total assets reached 27.703 billion yuan with increase 9.75% comparing
with beginning year until the end of the reporting period. Its total debt was 17.319 billion yuan with increase 6.89% in comparison with
beginning year. Assets debt ratio was 62.51%, 1.68% lower than beginning year. Among them the receivables, the notes payable, other
current liabilities and expected debt averagely increased by over 30% than beginning year. Because of new C and H Series engine
project investment, Company’s on-going construction increased by 39.98% than beginning year. Because land-use right and sedan
project capitalization were switched into intangible assets, intangible assets increase were 129.65% higher than beginning year. During
reporting period because car credit sale increased, the notes payable & advance collections balance relatively decreased, and amount
payable balance ratio grew.
From January to September, 2010 due to car sale growth Company’s income, operation cost, business tax & VAT, and sale cost
increased comparing with the same period of last year. During reporting period invest profit reached 1.439 billion yuan with
year-on-year growth of 138.67%, and its Joint venture business grew to contribute in large scale to Company’s profit. Its total Profit
and net profit attributed to its parent company respectively grew by 120.38% and 107.75% more than last year. Company achieved a
better business income.
From January to September, 2010 Company achieved net cash and cash equivalent growth up into 2.934 billion yuan with year-on-year
increase 15.85%. Among them net cash flow from business was 4.153 billion yuan with year-on-year growth of 31.34%, which
indicated net cash and cash equivalent acquired during business operation. At the end of reporting period monetary fund was 6.592
billion yuan and 80.20% higher than beginning year. Net cash flow accrued from Company’s investment was 0.223 billion yuan more
than last year, which reflected expenditure increase for equity-type investment such as Company’s fixed assets purchase and
investment payment. Net cash flow accrued from financing was 0.366 billion yuan more than last year mainly because banking loans
decreased and dividend paying increased.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
□Applicable √Not Applicable
3.2.1Qualified opinion4
□Applicable √Non-applicable
3.2.2Particular about fund offers to controlling shareholders and associated parties, and external guarantee that against the regulation.
□Applicable √Non-applicable
3.2.3Particular about signing and implementation on significant contracts of ordinary management
□Applicable √Non-applicable
3.2.4Others
√Applicable □Non-applicable
According to the related proposal to issue additional A shares to raise funds, which was examined and approved on the first time
temporary General Shareholders’ Meeting on March 8, 2010 meeting, the Company will issue share less than 20% of total capital stock
before the issuance, to raise not more than RMB 4 billion yuan (including issuance costs) which will be used for Changan car
production line expansion, technological transformation projects, small-displacement engine upgrading projects, and its own brand
R&D capacity-building projects. The current application materials have been submitted to the China Securities Regulatory
Commission.
3.3 The fulfillment of the commitment made by the Company, shareholders and the actual controller
√Applicable □Not Applicable
Commitments Promisee Content of commitments Implementation
Commitments
made when
share merger
reform
CHINA CHANGAN
AUTOMOBILE
COMPANY LIMITED
(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 CHANGAN
AUTOMOBILE COMPANY
LIMITED. 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."
Other
Commitment
CHINA CHANGAN
AUTOMOBILE
COMPANY LIMITED
In order to better protect investors’ interest,
and prevent or finally settle possible
&potential trade competition, the Company’s
controlling shareholders-China Changan
Automobile Company made commitment: 1.
Jiangxi Changhe Automobile Liability Co.
and HARBIN Hafei Automobile Liability Co.
will be merged into Chongqing Changan as
these two companies in two consecutive years
annually make profits, occupy sustainable
development capacity and have improved
management level. 2. As Changan-PSA J.V is
established and put into production, China
Changan proposes to transfer its total shares
of J.V. to Chongqing Changan.
Still waiting to fulfill some
conditions
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
3.5.1Particular about security investment5
□Applicable √Non-applicable
3.5.2 Interviews and visits in the reporting period
√Applicable □Not Applicable
Time/date Place Way Visitors Main content involved and material
provided
2010.7.9
Meeting Room,
Changan
Headquarters
On-Site Survey UG Investment Automotive Industry Development,
Company’s Business
2010.7.21
Meeting Room,
Changan
Headquarters
On-Site Survey J.P.Morgan Chase Investment Automotive Industry Development,
Company’s Business
2010.7.22
Meeting Room,
Changan
Headquarters
On-Site Survey GSI Management LLC Automotive Industry Development,
Company’s Business
2010.8.23
Meeting Room,
Changan
Headquarters
On-Site Survey Korea Investment Securities Automotive Industry Development,
Company’s Business
2010.9.2
Meeting Room,
Changan
Headquarters
On-Site Survey Artisan Management LLC Automotive Industry Development,
Company’s Business
2010.9.8
Meeting Room,
Changan
Headquarters
On-Site Survey Tiger Asia Fund Automotive Industry Development,
Company’s Business
2010.9.10
Meeting Room,
Changan
Headquarters
On-Site Survey INVESCO Funds( Hong Kong) Automotive Industry Development,
Company’s Business
2010.9.15
Meeting Room,
Changan
Headquarters
On-Site Survey Kingdon Capital Automotive Industry Development,
Company’s Business
2010.9.17
Meeting Room,
Changan
Headquarters
On-Site Survey People's Insurance Asset
Management
Automotive Industry Development,
Company’s Business
2010.9.17
Meeting Room,
Changan
Headquarters
On-Site Survey Soros Fund Management LLC 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 2010 in RMB yuan
Items ConsoliAdta ttehde end Poaf rteenrmt c ompany ConsoliBdeagteindn ing Poaf rteenrmt c ompany
Current asset:
Monetary fund 6,592,375,424.26 4,764,821,175.79 3,658,380,928.50 1,973,263,003.71
Settlement provision
Outgoing call loan
Trading financial assets
Notes receivable 4,630,788,469.83 3,944,561,330.88 7,022,333,591.84 5,372,680,455.666
Account receivable 540,191,888.67 875,833,361.43 182,991,180.86 581,698,017.44
Prepayment 399,361,434.29 289,935,552.76 503,479,133.38 329,644,151.89
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable 450,030.00 450,030.00 450,030.00 450,030.00
Other account receivable 166,514,746.67 193,833,274.86 63,636,373.59 129,910,087.06
Repurchasing of financial assets
Inventories 2,630,284,246.47 1,668,582,178.73 2,701,131,615.71 1,438,979,289.27
Non-current asset due in 1 year
Other current asset 13,124.00 20,508.87
Total of current asset 14,959,979,364.19 11,738,016,904.45 14,132,423,362.75 9,826,625,035.03
Non-current assets
Loans and payment on other’s behalf disbursed
Disposable financial asset 176,612,500.00 176,612,500.00 238,205,000.00 238,205,000.00
Expired investment in possess
Long-term receivable
Long-term share equity investment 5,470,789,198.88 6,502,382,130.85 4,787,860,441.63 5,856,668,740.78
Property investment 63,404,600.65 65,563,825.59
Fixed assets 3,540,861,198.86 3,040,602,240.75 3,347,742,796.93 2,572,674,562.93
Construction in process 1,842,427,364.08 1,439,016,717.09 1,316,169,651.80 1,226,791,383.39
Engineering material 1,570,278.35 795,898.75 838,718.75 838,718.75
Fixed asset disposal 869,564.07
Production physical assets
Gas & petrol
Intangible assets 868,138,434.09 664,277,881.44 378,030,601.16 250,935,419.01
R&D expense 239,402,724.23 239,222,831.51 200,849,901.80 199,526,282.03
Goodwill 9,804,394.00 9,804,394.00
Long-term prepaid expenses 32,959,445.22 1,125,500.00 33,495,141.27 1,260,560.00
Differed income tax asset 367,422,867.83 272,862,357.91 322,381,245.46 204,563,633.47
Other non-current asset 130,000,000.00 130,000,000.00 407,080,000.00 407,080,000.00
Total of non-current assets 12,743,393,006.19 12,466,898,058.30 11,108,891,282.46 10,958,544,300.36
Total of assets 27,703,372,370.38 24,204,914,962.75 25,241,314,645.21 20,785,169,335.39
Current liabilities
Short-term loans 155,000,000.00 350,270,268.00 50,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities 4,563,744.00
Notes payable 5,631,947,535.77 5,249,118,177.77 2,797,030,532.62 2,716,438,173.31
Account payable 5,797,779,121.07 3,865,697,512.80 6,559,948,368.16 3,988,443,774.45
Prepayment received 1,224,548,267.61 1,071,244,897.70 3,031,972,501.29 1,718,105,586.42
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 167,244,114.83 141,696,386.27 177,703,190.75 145,719,031.197
Tax payable 207,873,414.27 243,633,762.82 246,689,891.89 289,396,852.43
Interest payable 60,000.00 60,000.00 420,000.00 420,000.00
Dividend payable 79,742.80 79,742.80
Other account payable 757,805,059.64 283,904,648.40 683,865,744.49 416,328,996.78
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 50,000,000.00 50,000,000.00 15,000,000.00
Other current liability 1,995,282,518.28 943,119,509.97 842,516,160.16 465,475,119.91
Total of current liability 15,987,619,774.27 11,848,474,895.73 14,710,060,144.16 9,790,327,534.49
Non-current liabilities
Long-term borrowings 148,000,000.00 499,000,000.00 300,000,000.00
Bond payable
Long-term payable 20,409,725.66 20,409,725.66 30,081,000.00 22,216,000.00
Special payable 546,895,595.98 532,455,283.98 515,089,405.79 515,089,405.79
Expected liabilities 592,604,951.74 347,067,842.26 416,077,626.26 222,800,775.48
Differed income tax liability 23,059,875.00 23,059,875.00 32,298,750.00 32,298,750.00
Other non-recurring liabilities
Total of non-current liabilities 1,330,970,148.38 922,992,726.90 1,492,546,782.05 1,092,404,931.27
Total of liability 17,318,589,922.65 12,771,467,622.63 16,202,606,926.21 10,882,732,465.76
Owners’ equity (or shareholders’ equity)
Practical capital collected (or share capital) 2,325,657,615.00 2,325,657,615.00 2,334,022,848.00 2,334,022,848.00
Capital reserves 1,621,938,539.76 1,712,971,582.86 1,797,604,215.47 1,859,502,088.33
Less: Shares in stock 26,925,731.38 26,925,731.38
Special reserves
Surplus reserves 1,167,011,424.00 1,167,011,424.00 1,167,011,424.00 1,167,011,424.00
Common risk provision
Attributable profit 5,192,049,360.53 6,227,806,718.26 3,623,954,435.60 4,568,826,240.68
Different of foreign currency translation
Total of owner’s equity belong to the parent company 10,306,656,939.29 11,433,447,340.12 8,895,667,191.69 9,902,436,869.63
Minor shareholders’ equity 78,125,508.44 143,040,527.31
Total of owners’ equity 10,384,782,447.73 11,433,447,340.12 9,038,707,719.00 9,902,436,869.63
Total of liabilities and owners’ equity 27,703,372,370.38 24,204,914,962.75 25,241,314,645.21 20,785,169,335.398
4.2 Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jul-Sep 2010 in RMB yuan
Items ConsolidaCteudr rent Ptearrmen t company ConsoSlaidmaete pde riodP laarset nyte caor mpany
I. Total business income 6,227,268,727.00 4,489,063,069.00 6,228,199,734.00 4,132,262,348.00
Incl. Business income 6,227,268,727.00 4,489,063,069.00 6,228,199,734.00 4,132,262,348.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 6,336,075,018.00 4,519,905,432.00 6,213,164,441.00 4,060,352,038.00
Incl. Business cost 5,214,035,160.88 3,797,517,771.26 4,958,210,718.99 3,250,557,390.22
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 113,383,487.14 78,732,294.10 126,380,381.27 89,828,932.49
Sales expense 632,447,388.70 337,025,230.78 620,992,998.99 305,465,108.42
Administrative expense 387,694,728.01 320,687,766.31 350,782,146.43 274,064,404.51
Financial expenses -19,007,328.47 -21,699,400.00 7,589,588.98 -8,772,453.29
Asset impairment loss 7,521,581.90 7,641,769.41 149,208,606.14 149,208,655.85
Plus: Gains from change of fair value (“-“ for loss) 0.00 0.00 857,879.34 0.00
Investment gain (“-“ for loss) 435,051,903.36 429,722,921.88 265,058,101.59 267,981,370.44
Incl. Investment gains from affiliates 435,051,903.23 429,722,921.88 265,058,101.67 267,981,370.86
Gains from currency exchange (“-“ for loss) 0.00 0.00 0.00 0.00
III. Operational profit (“-“ for loss) 326,245,612.36 398,880,558.88 280,951,273.93 339,891,680.44
Plus: Non business income 4,160,044.91 1,868,431.23 8,826,318.48 2,222,607.19
Less: Non-business expenses 1,351,818.80 1,023,799.00 2,807,582.21 953,237.25
Incl. Loss from disposal of non-current assets 206,994.62 0.00 593,237.26 358,897.26
IV. Gross profit (“-“ for loss) 329,053,838.47 399,725,191.11 286,970,010.20 341,161,050.38
Less: Income tax expenses -45,201,145.32 -50,865,312.77 -24,505,028.42 -28,989,213.57
V. Net profit (“-“ for net loss) 374,254,983.79 450,590,503.88 311,475,038.62 370,150,263.95
Net profit attributable to the owners of parent company 352,591,435.41 450,590,503.88 304,533,448.01 370,150,263.95
Minor shareholders’ equity 21,663,548.38 0.00 6,941,590.61 0.00
VI. Earnings per share:
(I) Basic earnings per share 0.15 0.19 0.13 0.16
(II) Diluted earnings per share 0.15 0.19 0.13 0.16
VII. Other misc. incomes 23,509,715.95 23,509,715.95 -81,890.00 -81,890.34
VIII. Total of misc. incomes 397,764,699.74 474,100,219.83 311,393,148.62 370,068,373.61
Total of misc. incomes attributable to the owners of
the parent company 376,101,151.36 474,100,219.83 304,451,558.01 370,068,373.61
Total misc gains attributable to the minor shareholders 21,663,548.38 0.00 6,941,590.61 0.009
4.3 Income Statement From Beginning of year to end of Reporting Period
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. Jan-Sep 2010 in RMB yuan
Items ConsolidaCteudr rent Ptearrmen t company ConsoSlaidmaete pde riodP laarset nyte caor mpany
I. Total business income 22,854,723,660.07 15,731,567,689.61 17,728,850,449.62 11,591,452,815.70
Incl. Business income 22,854,723,660.07 15,731,567,689.61 17,728,850,449.62 11,591,452,815.70
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 22,596,847,031.95 15,383,629,128.34 17,566,323,639.83 11,336,920,211.28
Incl. Business cost 18,601,887,186.00 12,837,874,168.89 14,156,146,307.52 9,136,747,686.53
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 471,360,783.11 338,000,397.14 358,338,301.39 251,630,711.23
Sales expense 2,443,426,050.52 1,420,746,271.49 1,766,710,651.71 910,713,557.42
Administrative expense 1,109,310,077.37 864,081,104.23 902,804,533.88 699,817,103.63
Financial expenses -19,573,059.14 -57,610,895.01 14,924,727.17 -30,343,083.51
Asset impairment loss -9,564,005.91 -19,461,918.40 367,399,118.16 368,354,235.98
Plus: Gains from change of fair value (“-“ for loss) 4,563,744.00 1,717,182.54
Investment gain (“-“ for loss) 1,438,547,642.61 1,421,995,954.79 602,727,242.00 612,974,640.97
Incl. Investment gains from affiliates 595,872,684.70 1,371,034,966.50 595,773,468.05 1,365,459,985.83
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 1,700,988,014.73 1,769,934,516.06 766,971,234.33 867,507,245.39
Plus: Non business income 11,744,017.94 5,893,767.97 14,850,754.77 4,807,105.16
Less: Non-business expenses 12,049,719.88 7,533,538.05 10,111,627.93 7,033,429.79
Incl. Loss from disposal of non-current assets 3,268,771.70 1,649,462.41 1,289,897.26
IV. Gross profit (“-“ for loss) 1,700,682,312.79 1,768,294,745.98 771,710,361.17 865,280,920.76
Less: Income tax expenses -22,550,229.29 -41,747,593.69 -63,766,248.62 -77,566,874.47
V. Net profit (“-“ for net loss) 1,723,232,542.08 1,810,042,339.67 835,476,609.79 942,847,795.23
Net profit attributable to the owners of parent company 1,719,156,787.02 1,810,042,339.67 827,527,441.41 942,847,795.23
Minor shareholders’ equity 4,075,755.06 7,949,168.38
VI. Earnings per share:
(I) Basic earnings per share 0.74 0.78 0.36 0.41
(II) Diluted earnings per share 0.74 0.78 0.36 0.41
VII. Other misc. incomes -52,353,625.00 -52,353,625.00 995,738.00 995,738.00
VIII. Total of misc. incomes 1,670,878,917.08 1,757,688,714.67 836,472,347.79 943,843,533.23
Total of misc. incomes attributable to the owners of
the parent company 1,666,803,162.02 1,757,688,714.67 828,523,179.41 943,843,533.23
Total misc gains attributable to the minor shareholders 4,075,755.06 7,949,168.3810
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 2010 in RMB yuan
Items ConsolidaCteudr rent Ptearrmen t company ConsSoalimdaet epde riodP laarset nyte caor mpany
I. Net cash flow from business operation
Cash received from sales of products and providing of
services 18,349,010,085.11 16,227,943,375.95 11,835,888,394.61 8,507,483,865.88
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 37,167,169.09 60,772,180.64
Other cash received from business operation 261,197,369.24 126,563,363.61 185,086,904.82 100,453,602.05
Sub-total of cash inflow from business activities 18,647,374,623.44 16,354,506,739.56 12,081,747,480.07 8,607,937,467.93
Cash paid for purchasing of merchandise and services 9,925,862,272.93 9,066,309,136.38 5,953,985,540.69 4,522,870,198.18
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 1,007,038,022.06 781,161,178.31 627,752,154.37 472,732,922.79
Taxes paid 1,441,686,650.24 993,348,543.90 1,141,018,591.97 763,699,839.25
Other cash paid for business activities 2,120,160,236.15 1,870,206,682.83 1,197,351,765.85 968,596,721.61
Sub-total of cash outflow from business activities 14,494,747,181.38 12,711,025,541.42 8,920,108,052.88 6,727,899,681.83
Cash flow generated by business operation, net 4,152,627,442.06 3,643,481,198.14 3,161,639,427.19 1,880,037,786.10
II. Cash flow generated by investing
Cash received from investment retrieving 68,954,825.00 61,994,825.00 3,250,000.00 3,250,000.00
Cash received as investment gains 832,868,390.91 832,155,290.91 555,520,167.70 567,201,172.92
Net cash retrieved from disposal of fixed assets,
intangible assets, and other long-term assets 15,996,432.11 10,839,935.84 5,461,633.79 467,681.39
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 190,000.00
Sub-total of cash inflow due to investment activities 917,819,648.02 904,990,051.75 564,421,801.49 570,918,854.31
Cash paid for construction of fixed assets, intangible
assets and other long-term assets 1,172,605,208.24 972,371,332.33 926,471,735.13 787,853,043.18
Cash paid as investment 333,590,160.00 282,990,160.00 2,896,370.15 2,896,370.15
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 1,506,195,368.24 1,255,361,492.33 929,368,105.28 790,749,413.3311
Net cash flow generated by investment -588,375,720.22 -350,371,440.58 -364,946,303.79 -219,830,559.02
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor
shareholders
Cash received as loans 616,774,858.73 1,303,581,154.00 450,000,000.00
Cash received from bond placing 10,499,048.41
Other financing-related cash received 2,355,897.72 44,155.76 2,929,865.87 626,297.00
Subtotal of cash inflow from financing activities 619,130,756.45 44,155.76 1,317,010,068.28 450,626,297.00
Cash to repay debts 1,065,375,951.00 339,000,000.00 1,454,892,280.61 525,026,516.42
Cash paid as dividend, profit, or interests 177,499,955.28 162,517,456.59 83,000,870.16 71,111,563.67
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 6,101,141.85 78,284.65 42,939,783.56 27,165,158.68
Subtotal of cash outflow due to financing activities 1,248,977,048.13 501,595,741.24 1,580,832,934.33 623,303,238.77
Net cash flow generated by financing -629,846,291.68 -501,551,585.48 -263,822,866.05 -172,676,941.77
IV. Influence of exchange rate alternation on cash and
cash equivalents -410,934.40 -226,583.52
V. Net increase of cash and cash equivalents 2,933,994,495.76 2,791,558,172.08 2,532,643,673.83 1,487,530,285.31
Plus: Balance of cash and cash equivalents at the
beginning of term 3,658,380,928.50 1,973,263,003.71 1,661,738,524.68 1,166,965,437.50
VI. Balance of cash and cash equivalents at the end of
term 6,592,375,424.26 4,764,821,175.79 4,194,382,198.51 2,654,495,722.81
4.4 Auditors’Report Auditing Opinion: Unaudited
