2018 Third Quarter Report
Of
Chongqing Changan Automobile Company Limited
October, 2018
1
Chapter 1 Important Notes
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”) hereby guarantee that no false or misleading statement or major omission was made to
the materials in this report and that they will assume all the responsibilities, individually and jointly,
for the truthfulness, accuracy and completeness of the contents of this report.
The Chairman of the Board Zhang Baolin, the Chief Financial Officer Zhang Deyong and the
responsible person of the accounting institution (Accountant in charge) Chen Jianfeng hereby
declare that the Financial Statements enclosed in this quarter report are true, accurate and complete.
Except the following directors, all the directors attended the board meeting for reviewing the
annual report.
The name of the directors
Positions Reasons for the absence Name of the consignee
absent
Zhou Zhiping Directors Business trip Zhang Dongjun
Independent
Tan Xiaosheng Business trip Li Qingwen
Directors
Independent
Wei Xinjiang Business trip Liu Jipeng
Directors
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
Chapter 2 Basic Information
I. Main accounting data and financial indicators
Does the company conduct the retrospective adjustment or restatement of previous years accounting data due to changes in
accounting policies or accounting errors?
□Yes √No
Increase/decrease
2018.9.30 2017.12.31
(%)
Total assets (RMB) 94,645,030,905.55 106,125,114,622.69 -10.82%
Net assets attributable to
shareholder of 46,890,834,517.49 47,598,690,942.28 -1.49%
the listed company(RMB)
Changes of Reporting Changes of Reporting
Jul-Sep.2018 Period in the same Jan.-Sep.2018 Period in the same
Period last year Period last year
Operating revenue (Yuan) 14,208,826,200.12 -20.51% 49,851,658,390.16 -3.07%
Net profit belonging to shareholders
-446,525,102.83 -137.52% 1,163,081,476.01 -79.98%
of the listed company (Yuan)
Net profit belonging to shareholders
of the listed company after
-711,470,154.01 -166.28% -15,753,465.60 -100.34%
deduction of non-recurring profit
and loss (Yuan)
Net cash flow arising from
╱ ╱ 923,849,319.05 23.56%
operating activities (Yuan)
Basic earnings per share
-0.09 -136.00% 0.24 -80.17%
(Yuan/Share)
Diluted earnings per share
-0.09 -136.00% 0.24 -80.17%
(Yuan/Share)
Return on equity (ROE) (%) -0.95% Down 3.55% 2.46% Down 10.47%
Accidental gain/loss item and amount
√ Applicable □ Not applicable
In RMB Yuan
Amount of the period from the beginning of year
Item
to the end of report term
Gain/loss of non-current assets (including the writeoff part of the
21,092,069.59
impairment provision for the provision of assets)
Government subsidies accounted into current gain/loss account, other than
those closely related to the Company’s common business, comply with the 1,411,214,619.50
national policy and continues to enjoy at certain fixed rate or amount
Other non-business income and expenditures other than the above -14,718,582.89
Interest on deferred payment of funds received by non-financial enterprises 16,489,749.32
Less: Influenced amount of income tax 219,605,808.12
Influenced amount of minority shareholders’ equity 35,637,105.79
Total 1,178,834,941.61
According to “Public offering of securities information disclosure of the company's information disclosure announcement No. 1 –
non-recurring gains and losses “Public offering of securities information disclosure of the company's information disclosure
announcement No. 1 – non-recurring gains and losses” defined non-recurring items ,and Public offering of securities information
disclosure of the company's information disclosure announcement No. 1 - non-recurring gains and losses “The items listed in the
non-recurring items defined as recurring items shall be explained .
□ Applicable √Not applicable
3
The company in the reporting period does not base on the definition and listing of “Public offering of securities information
disclosure of the company's information disclosure announcement No. 1 – non-recurring gains and losses” about non-recurring gains
and losses to define a case of recurring profit or loss.
II. Total number of shareholders at the end of the reporting period and statement on shares
held by the top ten shareholders
1. Total number of shareholders at the end of the reporting period and statement on shares held by the top
ten shareholders
Unit: share
As of the reporting period, the total Total number196,006, of which 167,499 were A share shareholders and 28,507 were B share
number of shareholders shareholders.
Top 10 Shareholders
Nature of Shareholding Number of Conditional Pledging or freezing
Name of the shareholder
shareholder (%) shares shares Share status Amount
China South Industries Group Co., State-owned legal No pledge or
21.56 1,035,312,673 -
Ltd. person shares freeze
State-owned legal No pledge or
China Changan Automobile Co., Ltd. 19.32 928,044,946 139,762,403 -
person shares freeze
domestic general No pledge or
China securities finance Co, Ltd 4.88 234,265,333 -
legal person shares freeze
United Prosperity (Hongkong) foreign legal No pledge or
2.88 138,502,185 -
Investment Co., Limited person shares freeze
foreign legal No pledge or
GIC PRIVATE LIMITED 1.65 79,395,550 -
person shares freeze
domestic general No pledge or
Central Huijin Investment Ltd. 1.15 55,393,100 -
legal person shares freeze
DRAGON BILLION SELECT foreign legal No pledge or
0.85 40,597,114 -
MASTER FUND person shares freeze
Anbang Asset Mgmt-China Merchants fund, finance No pledge or
0.67 32,070,942 -
Bank- Anbang Asset-China products, etc. freeze
Anbang Asset Mgmt－China fund, finance No pledge or
0.65 31,082,094 -
Minsheng Bank－Anbang Asset-China products, etc. freeze
MONETARY AUTHORITY OF foreign legal No pledge or
0.49 23,588,205 -
SINGAPORE person shares freeze
Top 10 holders of unconditional shares
Amount of shares Category of shares
Name of the shareholder without sales
restriction Category of shares Amount
China South Industries Group Co., Ltd. 1,035,312,673 RMB ordinary shares 1,035,312,673
China Changan Automobile Co., Ltd. 788,282,543 RMB ordinary shares 788,282,543
China securities finance Co, Ltd 234,265,333 RMB ordinary shares 234,265,333
Domestic listed foreign
United Prosperity (Hongkong) Investment Co., Limited 138,502,185 138,502,185
shares
Domestic listed foreign
GIC PRIVATE LIMITED 79,395,550 79,395,550
shares
Central Huijin Investment Ltd. 55,393,100 RMB ordinary shares 55,393,100
Domestic listed foreign
DRAGON BILLION SELECT MASTER FUND 40,597,114 40,597,114
shares
Anbang Asset Mgmt-China Merchants Bank- Anbang
32,070,942 RMB ordinary shares 32,070,942
Asset-China
Anbang Asset Mgmt － China Minsheng Bank － Anbang 31,082,094 RMB ordinary shares 31,082,094
4
Asset-China
Domestic listed foreign
MONETARY AUTHORITY OF SINGAPORE 23,588,205 23,588,205
shares
Among the top 10 shareholders, China South Industries Group Co., Ltd., the
actual controller; China Changan Automobile Group Co., Ltd., the controlling
Explanation on the relationship and the action alike of above shareholder, and its wholly owned subsidiary United Prosperity (Hong
shareholders Kong)Investment Co., Limited belong to the concerted actor regulated by
“Disclosure Administration of Shares Change Information of The Listed
Company”.
Whether the company top 10 shareholders of ordinary shares, and the top 10 circulated shareholders agreed on the repurchase
transactions during the report period
□Applicable √Not Applicable
The top 10 shareholders of ordinary shares, and the top 10 circulated shareholders have not agreed on the repurchase transactions
during the report period.
2. Total number of preferred shareholders at the end of the reporting period and statement on preferred
shares held by the top ten preferred shareholders
□Applicable √Not Applicable
5
Chapter 3 Important Matters
I. Significant changes & reasons in major accounting data, financial indicators
√Applicable □Not Applicable
In RMB Yuan
Sequence Balance Sheet Items September. 30st,2018 Jan. 1st, 2018 Changes (%)
1 Cash 15,640,593,034.03 22,631,536,496.53 -30.89%
Notes receivable and accounts
2 18,843,567,203.82 30,963,288,278.24 -39.14%
receivable
3 Other receivables 2,220,947,639.56 1,687,460,718.92 31.61%
4 Inventories 6,445,272,482.65 4,666,183,421.80 38.13%
5 Construction in process 6,018,738,388.23 3,234,173,155.52 86.10%
6 Advances from customers 2,484,704,374.79 3,878,382,556.43 -35.93%
7 Payroll payable 839,970,382.96 1,640,885,322.33 -48.81%
Income Statement Items Jan-Sep 2018 Jan-Sep 2017 Changes (%)
8 Operating expenses 3,912,993,343.98 2,350,906,633.64 66.45%
9 Investment income 1,232,775,886.06 5,550,949,277.61 -77.79%
Cash Flow Statement Items Jan-Sep 2018 Jan-Sep 2017 Changes (%)
Net cash flows from operating
10
activities
923,849,319.05 747,699,887.02 23.56%
Net cash flows from investing
11
activities
-5,753,482,959.66 3,644,310,547.25 -257.88%
Net cash flows from financing
12
activities
-1,401,416,537.03 -4,640,546,193.74 69.80%
Net increase of cash and cash
13
equivalents
-6,208,413,403.91 -254,579,556.96 -2338.69%
As at the end of reporting period, the company’s total asset was 94.645 billion Yuan, with 10.82% decrease compared with the
beginning of the year. The total liability was 47.882 billion Yuan, with 18.38% decrease compared with the beginning of the year. The
debt asset ratio was 50.59%, which was 4.69 percentage points lower than the beginning of the year. Compared with beginning of the
year, the decrease of cash was mainly due to the decrease of net cash flows from investing activities. The decrease of notes receivable
and accounts receivable was mainly due to the decrease of sales and credit sales. The increase of other receivables was mainly due to
the increase of new energy subsidies receivable. The increase of inventories compared with the beginning of the year was mainly due
to the increase of goods and raw materials. The increase of construction in process was mainly due to the increase in constructions of
factories and buildings. The decrease of advances from customers was mainly due to the decrease of advance payment from car
dealers. The balance of the payroll payable was lower than that at the beginning of the year, which was mainly due to the reduction of
accrued payroll payable by the company.
During the reporting period, operating expenses substantially increased mainly due to the increase of promotional activities. The
significant decrease of investment income was mainly due to the decrease of investment income from associates and joint venture.
During the reporting period, the cash and cash equivalents decreased by 2338.69% on a year-on-year basis, mainly due to the
significant decrease in net cash flows from investing activities. The net cash flows from investing activities decreased mainly due to the
6
decrease in cash dividends received from joint ventures. The net cash flows from financing activities increased significantly on a
year-on-year basis mainly due to the decrease of debt repayment and distribution of cash dividends compared to the same period last
year.
II. The progress and influence of significant events and the analysis and explanation on
resolving proposal
□Applicable √Not Applicable
III. Commitments made within the reporting period by the controlling shareholders,
shareholders, related party, acquirer and the company overdue and not fulfilled
□Applicable √Not Applicable
IV. Forecast of operation performance of 2018
The warning or a reason for a loss or a significant change of cumulative net profit from the beginning of the year to the end of the
next reporting period compared with the same period of last year
□Applicable √Not Applicable
V. Securities Investment
√Applicable □Non-applicable
Opening Closing
Initial Opening Closing Gain/loss in
equity equity Closing book
Security Stock Stock investment equity equity the reporting Accounting Equity
variety code name cost (RMB Holdings holding holdings Holdings value (RMB period (RMB title source
ratio Yuan)
Yuan) (share) (share) （%） Yuan)
(%)
Tradable
Southwest Initial
Stock 600369 50,000,000 35,500,000 0.63% 35,500,000 0.63% 126,735,000 1,775,001.20 financial
Securities investment
assets
Total 50,000,000 35,500,000 -- 35,500,000 -- 126,735,000 1,775,001.20 -- --
VI. Entrusted financial management
□Applicable √Not Applicable
During the reporting period, the company did not have any entrusted financial management.
VII. Derivative Investment
□Applicable √Not Applicable
During the reporting period, the company did not have any derivative investment.
VIII. Interviews and visits in the reporting period
√Applicable □Not Applicable
Date Manner Object Content discussed and material offered
2018.1.4 On-Site Survey Institution For details, see the January 5, 2018 Shenzhen stock exchange interactive
7
(http://irm.cninfo.com.cn) on the Changan Automobile: January 4, 2018 investor
relations activities record sheet
For details, see the January 15, 2018 Shenzhen stock exchange interactive
2018.1.11 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 11, 2018 investor
relations activities record sheet
For details, see the January 19, 2018 Shenzhen stock exchange interactive
2018.1.17 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 17, 2018 investor
relations activities record sheet
For details, see the January 19, 2018 Shenzhen stock exchange interactive
2018.1.18 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan automobile: January 18, 2018 investor
relations activities record sheet
For details, see the January 25, 2018 Shenzhen stock exchange interactive
2018.1.24 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 24, 2018 investor
relations activities record sheet
For details, see the January 30, 2018 Shenzhen stock exchange interactive
2018.1.26 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: January 26, 2018 investor
relations activities record sheet
For details, see the February 13, 2018 Shenzhen stock exchange interactive
2018.2.12 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: February 12, 2018 investor
relations activities record sheet
For details, see the March 8, 2018 Shenzhen stock exchange interactive
2018.3.6 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 6, 2018 investor
relations activities record sheet
For details, see the March 12, 2018 Shenzhen stock exchange interactive
2018.3.8 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 8, 2018 investor
relations activities record sheet
For details, see the March 16, 2018 Shenzhen stock exchange interactive
2018.3.13 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 13, 2018 investor
relations activities record sheet
For details, see the March 19, 2018 Shenzhen stock exchange interactive
2018.3.15 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: March 15, 2018 investor
relations activities record sheet
For details, see the July 23, 2018 Shenzhen stock exchange interactive
2018.7.19 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: July 19, 2018 investor
relations activities record sheet
For details, see the July 26, 2018 Shenzhen stock exchange interactive
2018.7.24 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: July 24, 2018 investor
relations activities record sheet
For details, see the September 3, 2018 Shenzhen stock exchange interactive
2018.8.31 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: August 31, 2018 investor
relations activities record sheet
For details, see the September 6, 2018 Shenzhen stock exchange interactive
2018.9.5 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 5, 2018 investor
relations activities record sheet
For details, see the September 11, 2018 Shenzhen stock exchange interactive
2018.9.10 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 10, 2018
investor relations activities record sheet
For details, see the September 14, 2018 Shenzhen stock exchange interactive
2018.9.13 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 13, 2018
investor relations activities record sheet
For details, see the September 17, 2018 Shenzhen stock exchange interactive
2018.9.14 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 14, 2018
investor relations activities record sheet
For details, see the September 19, 2018 Shenzhen stock exchange interactive
2018.9.18 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 18, 2018
investor relations activities record sheet
2018.9.19 On-Site Survey Institution For details, see the September 21, 2018 Shenzhen stock exchange interactive
(http://irm.cninfo.com.cn) on the Changan Automobile: September 19, 2018
8
investor relations activities record sheet
For details, see the September 27, 2018 Shenzhen stock exchange interactive
2018.9.25 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 25, 2018
investor relations activities record sheet(1)
For details, see the September 27, 2018 Shenzhen stock exchange interactive
2018.9.25 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 25, 2018
investor relations activities record sheet(2)
For details, see the September 28, 2018 Shenzhen stock exchange interactive
2018.9.26 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 26, 2018
investor relations activities record sheet(1)
For details, see the September 28, 2018 Shenzhen stock exchange interactive
2018.9.26 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 26, 2018
investor relations activities record sheet(2)
For details, see the September 28, 2018 Shenzhen stock exchange interactive
2018.9.27 On-Site Survey Institution (http://irm.cninfo.com.cn) on the Changan Automobile: September 27, 2018
investor relations activities record sheet
IX. Illegal external guarantee
□Applicable √Not Applicable
During the reporting period, the company did not have any illegal external guarantee.
X. Controlling shareholder and its related parties to the listing Corporation's non-operating
funds
□Applicable √Not Applicable
During the reporting period, no controlling shareholder and its related parties occupied the non-operating capital of the listed
company.
9
Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.
In RMB Yuan
Account Ending Balance Opening Balance
Current assets:
Cash 15,640,593,034.03 22,631,536,496.53
Notes receivable and accounts receivable 18,843,567,203.82 30,963,288,278.24
Notes receivable 16,479,324,159.57 29,156,481,085.20
Accounts receivable 2,364,243,044.25 1,806,807,193.04
Prepayments 1,077,714,553.31 1,102,239,931.33
Other receivables 2,220,947,639.56 1,687,460,718.92
Inventories 6,445,272,482.65 4,666,183,421.80
Holding assets for sale
Non-current assets due within one year
Other current assets 1,755,288,990.33 1,705,910,530.43
Total current assets 45,983,383,903.70 62,756,619,377.25
Non-current assets:
Available-for-sale financial assets 554,287,000.00 541,917,000.00
Long-term receivables
Long-term equity investments 16,221,883,561.62 14,098,523,896.97
Investment properties 7,386,239.17 7,556,272.84
Fixed assets 18,584,109,386.60 19,044,533,667.68
Construction in progress 6,018,738,388.23 3,234,173,155.52
Intangible assets 4,211,101,410.01 4,047,945,129.67
Development expenditure 929,897,320.81 836,638,328.10
Goodwill 9,804,394.00 9,804,394.00
Long-term deferred expenses 15,436,998.30 13,545,589.39
Deferred tax assets 1,574,814,926.23 1,533,857,811.27
Other non-current assets 534,187,376.88 -
Total non-current assets 48,661,647,001.85 43,368,495,245.44
TOTAL ASSETS 94,645,030,905.55 106,125,114,622.69
Current liabilities:
Short-term loans 186,000,000.00 185,000,000.00
Notes payable and accounts payable 31,592,884,154.18 39,905,752,773.96
Advances from customers 2,484,704,374.79 3,878,382,556.43
Payroll payable 839,970,382.96 1,640,885,322.33
Taxes payable 300,975,711.99 394,321,397.14
Other payables 1,831,131,279.91 2,599,093,153.78
10
Non-current liabilities within one year 6,594,120.00 13,151,946.67
Other current liabilities 4,085,757,742.31 3,562,154,645.82
Total current liabilities 41,328,017,766.14 52,178,741,796.13
Non-current liabilities:
Long-term loans - 6,575,973.33
Long-term payables 309,794,170.98 290,607,151.02
Long-term payroll payable 103,111,980.93 113,012,000.00
Estimated liabilities 2,548,010,533.00 2,423,958,274.70
Deferred Revenue 3,577,208,896.71 3,627,817,419.05
Deferred tax liabilities 15,578,250.00 21,222,750.00
Other non-current liabilities
Total non-current liabilities 6,553,703,831.62 6,483,193,568.10
Total liabilities 47,881,721,597.76 58,661,935,364.23
Owners’ equity (or Shareholders’ equity):
Share capital 4,802,648,511.00 4,802,648,511.00
Capital reserves 5,099,405,956.94 5,099,405,956.94
Other comprehensive income 347,428,824.82 82,959,423.84
Special reserves 50,662,714.94 28,279,733.06
Surplus reserves 2,401,324,255.50 2,401,324,255.50
Retained earnings 34,189,364,254.29 35,184,073,061.94
Equity attributable to owners 46,890,834,517.49 47,598,690,942.28
Minority interests -127,525,209.70 -135,511,683.82
Total Owners’ equity (or Shareholders’ equity) 46,763,309,307.79 47,463,179,258.46
Liabilities and owners' equity (or shareholders' equity) in total 94,645,030,905.55 106,125,114,622.69
Legal person: Zhang Baolin Chief financial officer: Zhang Deyong The head of accounting department: Chen Jianfeng
2. Balance Sheet
In RMB Yuan
Account Ending Balance Opening Balance
Current assets:
Cash 14,113,130,078.13 20,634,514,487.95
Notes receivable and accounts receivable 22,164,640,182.48 34,002,845,071.70
Notes receivable 15,921,947,401.00 29,010,848,480.70
Accounts receivable 6,242,692,781.48 4,991,996,591.00
Prepayments 971,858,753.10 960,555,695.17
Other receivables 2,347,393,399.75 1,765,907,866.77
Inventories 5,588,477,853.48 4,005,921,440.85
Holding assets for sale
Non-current assets due within one year
Other current assets 1,115,149,207.47 1,178,094,749.84
Total current assets 46,300,649,474.41 62,547,839,312.28
Non-current assets:
Available-for-sale financial assets 544,377,000.00 532,007,000.00
Long-term receivables
Long-term equity investments 18,064,882,120.32 15,786,743,636.55
11
Investment properties
Fixed assets 15,151,138,722.09 15,582,899,632.64
Construction in progress 4,786,688,452.95 2,763,521,275.98
Intangible assets 3,544,130,583.82 3,341,218,169.73
Development expenditure 748,691,134.07 733,947,670.46
Goodwill
Long-term deferred expenses 12,851,515.57 12,821,802.39
Deferred tax assets 1,465,518,480.06 1,421,165,907.17
Other non-current assets 534,187,376.88 -
Total non-current assets 44,852,465,385.76 40,174,325,094.92
TOTAL ASSETS 91,153,114,860.17 102,722,164,407.20
Current liabilities:
Short-term loans
Notes payable and accounts payable 28,226,623,499.46 36,351,223,966.94
Advances from customers 2,273,786,086.04 3,724,183,178.58
Payroll payable 634,368,563.14 1,377,250,229.66
Taxes payable 265,239,809.48 320,050,382.91
Other payables 1,782,700,819.70 3,181,207,281.30
Holding liabilities for sale
Non-current liabilities within one year
Other current liabilities 3,913,210,538.52 3,453,269,881.59
Total current liabilities 37,095,929,316.34 48,407,184,920.98
Non-current liabilities:
Long-term loans
Long-term payables 254,443,461.58 235,256,441.62
Long-term payroll payable 81,875,678.66 91,263,000.00
Estimated liabilities 2,495,263,231.49 2,380,971,255.26
Deferred Revenue 2,828,703,278.18 2,879,604,719.46
Deferred tax liabilities 15,578,250.00 21,222,750.00
Other non-current liabilities
Total non-current liabilities 5,675,863,899.91 5,608,318,166.34
Total liabilities 42,771,793,216.25 54,015,503,087.32
Owners’ equity (or Shareholders’ equity):
Share capital 4,802,648,511.00 4,802,648,511.00
Capital reserves 4,717,192,101.72 4,717,192,101.72
Other comprehensive income 380,599,378.87 132,520,410.88
Special reserves 24,901,617.08 12,013,706.73
Surplus reserves 2,401,324,255.50 2,401,324,255.50
Retained earnings 36,054,655,779.75 36,640,962,334.05
Total Owners’ equity (or Shareholders’ equity) 48,381,321,643.92 48,706,661,319.88
Liabilities and owners' equity (or shareholders' equity) in total 91,153,114,860.17 102,722,164,407.20
3. Consolidated Income Statement of the report term (July-September)
In RMB Yuan
Account Current Period Prior Period
12
I. Total operating income 14,208,826,200.12 17,875,967,836.92
Operating income 14,208,826,200.12 17,875,967,836.92
Interest income
Earned premium
Fee and commission income
II. Total operating cost 14,851,539,785.92 18,622,936,928.98
Including: Operating cost 11,649,373,012.29 16,577,859,499.30
Tax and surcharges 485,653,007.58 606,943,117.87
Operating expenses 1,369,530,915.47 346,730,591.63
General and administrative expenses 1,206,719,665.90 911,791,621.70
R&D expenses 256,006,612.90 325,662,119.26
Financial expenses -117,539,605.16 -145,299,064.53
Interest expense 162,925.67 4,294,510.99
Interest income 121,932,149.93 158,353,225.22
Impairment loss on assets 1,796,176.94 -750,956.25
Add: Other income 294,983,400.18 91,028,832.62
Investment income (‘-‘ represent loss) -129,235,929.05 1,719,330,298.97
Investment income from associates and from joint venture -130,437,799.33 1,715,780,298.97
Asset disposal income 2,320,259.90 515,748.18
III. Operating profit (‘-’ represent loss) -474,645,854.77 1,063,905,787.71
Add: Non-operating income 21,403,080.23 68,294,811.18
Less: Non-operating expenses 13,091,796.95 2,814,306.19
IV. Total profit(‘-’ represent loss) -466,334,571.49 1,129,386,292.70
Less: Income tax expense -19,920,848.15 -52,230,483.62
V. Net profit (‘-’ represent net loss) -446,413,723.34 1,181,616,776.32
I) Net profit from continuing operations -446,413,723.34 1,181,616,776.32
II) Net profit from discontinued operations
Net profit attributable to owners -446,525,102.83 1,190,050,794.41
Minority interests 111,379.49 -8,434,018.09
VI. Other comprehensive income, net of tax 17,439,867.39 44,639,315.30
Total comprehensive income attributable to owners, net of tax 17,439,867.39 44,639,315.30
I) Other comprehensive income not to be reclassified to profit or loss in
- 248,641.80
subsequent periods
Change from defined benefit plan
Other comprehensive income not to be reclassified to profit or loss
- 248,641.80
under equity method
II) Other comprehensive income to be reclassified to profit or loss in
17,439,867.39 44,390,673.50
subsequent periods
Other comprehensive income transferable to profit or loss under the
-9,692,020.90 -
equity method
Changes in fair value from available-for-sale financial assets -8,449,000.00 6,336,750.00
Foreign currency reserve 35,580,888.29 38,053,923.50
VII. Total comprehensive income -428,973,855.95 1,226,256,091.62
Total comprehensive income attributable to owners -429,085,235.44 1,234,690,109.71
Total comprehensive income attributable to minority interest 111,379.49 -8,434,018.09
VIII. Earnings per share:
13
I) Basic earnings per share -0.09 0.25
II) Diluted earnings per share -0.09 0.25
Legal person: Zhang Baolin Chief financial officer: Zhang Deyong The head of accounting department: Chen Jianfeng
4. Income Statement of the report term (July-September)
In RMB Yuan
Account Current Period Prior Period
I. Operating income 13,093,065,037.67 17,106,576,370.78
Less: Operating cost 10,883,881,181.83 16,033,795,445.11
Tax and surcharges 378,993,565.82 533,601,011.82
Operating expenses 1,266,350,051.18 278,413,026.49
General and administrative expenses 978,001,082.16 733,168,077.10
R&D expenses 281,359,134.12 328,797,058.12
Financial expenses -115,817,102.01 -151,813,407.79
Interest expense - -
Interest income 119,319,924.74 155,521,460.00
Impairment loss on assets 747,130.34 858,777.01
Add: Other income 46,580,913.63 70,318,609.40
Investment income (‘-‘ represent loss) -126,115,875.65 1,719,929,041.12
Investment income from associates and from joint venture -130,437,799.33 1,715,780,299.00
Asset disposal income 3,485,853.61 356,095.81
II. Operating profit (‘-’ represent loss) -656,499,114.18 1,140,360,129.25
Add: Non-operating income 15,865,485.40 10,728,235.98
Less: Non-operating expenses 12,646,697.02 9,656,993.06
III. Total profit(‘-’ represent loss) -653,280,325.80 1,141,431,372.17
Less: Income tax expense -12,512,741.46 -72,079,441.96
IV. Net profit (‘-’ represent net loss) -640,767,584.34 1,213,510,814.13
I) Net profit from continuing operations -640,767,584.34 1,213,510,814.13
II) Net profit from discontinued operations
V. Other comprehensive income, net of tax -18,141,020.90 6,336,750.00
I) Other comprehensive income not to be reclassified to profit or loss in
subsequent periods
Change from defined benefit plan
Other comprehensive income not to be reclassified to profit or loss
under equity method
II) Other comprehensive income to be reclassified to profit or loss in
-18,141,020.90 6,336,750.00
subsequent periods
Other comprehensive income transferable to profit or loss under the
-9,692,020.90 -
equity method
Changes in fair value from available-for-sale financial assets -8,449,000.00 6,336,750.00
Foreign currency reserve
VI. Total comprehensive income -658,908,605.24 1,219,847,564.13
VII. Earnings per share:
I) Basic earnings per share -0.13 0.25
II) Diluted earnings per share -0.13 0.25
14
5. Consolidated Income Statement of the report term (January-September)
In RMB Yuan
Account Current Period Prior Period
I. Total operating income 49,851,658,390.16 51,431,180,946.38
Operating income 49,851,658,390.16 51,431,180,946.38
Interest income
Earned premium
Fee and commission income
II. Total operating cost 51,335,586,962.61 52,494,690,330.87
Including: Operating cost 42,264,218,716.74 45,370,615,189.62
Tax and surcharges 1,772,568,209.15 2,050,729,598.01
Operating expenses 3,912,993,343.98 2,350,906,633.64
General and administrative expenses 2,912,226,138.75 2,251,689,667.31
R&D expenses 705,901,402.10 771,498,144.76
Financial expenses -343,058,447.47 -392,120,666.68
Interest expense 14,159,292.98 44,997,797.59
Interest income 385,655,025.71 461,863,500.63
Impairment loss on assets 110,737,599.36 91,371,764.21
Add: Other income 1,411,214,619.50 1,244,863,738.48
Investment income (‘-‘ represent loss) 1,232,775,886.06 5,550,949,277.61
Investment income from associates and from joint venture 1,231,574,015.78 5,547,399,277.64
Asset disposal income 21,092,069.59 9,430,234.25
III. Operating profit (‘-’ represent loss) 1,181,154,002.70 5,741,733,865.85
Add: Non-operating income 50,721,976.99 111,790,585.27
Less: Non-operating expenses 65,440,559.88 15,679,452.21
IV. Total profit(‘-’ represent loss) 1,166,435,419.81 5,837,844,998.91
Less: Income tax expense -4,632,530.32 -11,234,378.96
V. Net profit (‘-’ represent net loss) 1,171,067,950.13 5,849,079,377.87
I) Net profit from continuing operations 1,171,067,950.13 5,849,079,377.87
II) Net profit from discontinued operations
Net profit attributable to owners 1,163,081,476.01 5,810,596,533.93
Minority interests 7,986,474.12 38,482,843.94
VI. Other comprehensive income, net of tax 264,469,400.98 -4,880,856.36
Total comprehensive income attributable to owners, net of tax 264,469,400.98 -4,880,856.36
I) Other comprehensive income not to be reclassified to profit or loss in
subsequent periods
Change from defined benefit plan
Other comprehensive income not to be reclassified to profit or loss
under equity method
II) Other comprehensive income to be reclassified to profit or loss in
264,469,400.98 -4,880,856.36
subsequent periods
Other comprehensive income transferable to profit or loss under the
280,064,467.99 -
equity method
Changes in fair value from available-for-sale financial assets -31,985,500.00 -39,529,250.00
Foreign currency reserve 16,390,432.99 34,648,393.64
15
VII. Total comprehensive income 1,435,537,351.11 5,844,198,521.51
Total comprehensive income attributable to owners 1,427,550,876.99 5,805,715,677.57
Total comprehensive income attributable to minority interest 7,986,474.12 38,482,843.94
VIII. Earnings per share:
I) Basic earnings per share 0.24 1.21
II) Diluted earnings per share 0.24 1.21
6. Income Statement of the report term (January-September)
In RMB Yuan
Account Current Period Prior Period
I. Operating income 47,302,130,753.69 49,946,098,600.48
Less: Operating cost 40,610,368,755.55 44,937,876,569.48
Tax and surcharges 1,471,431,305.62 1,668,642,765.04
Operating expenses 3,564,786,417.55 2,081,892,197.94
General and administrative expenses 2,321,401,008.09 1,719,267,751.58
R&D expenses 742,492,781.56 778,768,122.17
Financial expenses -364,251,836.70 -408,701,921.11
Interest expense - 31,482,000.00
Interest income 375,529,402.19 455,031,575.49
Impairment loss on assets 114,762,129.78 134,498,613.87
Add: Other income 808,401,420.89 359,531,064.66
Investment income (‘-‘ represent loss) 1,869,023,010.80 5,550,576,927.03
Investment income from associates and from joint venture 1,231,574,015.78 5,547,399,277.64
Asset disposal income 27,458,836.63 -380,460.22
II. Operating profit (‘-’ represent loss) 1,546,023,460.56 4,943,582,032.98
Add: Non-operating income 38,466,685.40 43,971,192.31
Less: Non-operating expenses 57,358,989.48 22,682,793.41
III. Total profit(‘-’ represent loss) 1,527,131,156.48 4,964,870,431.88
Less: Income tax expense -44,352,572.88 -80,112,303.68
IV. Net profit (‘-’ represent net loss) 1,571,483,729.36 5,044,982,735.56
I) Net profit from continuing operations 1,571,483,729.36 5,044,982,735.56
II) Net profit from discontinued operations
V. Other comprehensive income, net of tax 248,078,967.99 -39,529,250.00
I) Other comprehensive income not to be reclassified to profit or loss in
subsequent periods
Change from defined benefit plan
Other comprehensive income not to be reclassified to profit or loss
under equity method
II) Other comprehensive income to be reclassified to profit or loss in
248,078,967.99 -39,529,250.00
subsequent periods
Other comprehensive income transferable to profit or loss under the
280,064,467.99 -
equity method
Changes in fair value from available-for-sale financial assets -31,985,500.00 -39,529,250.00
Foreign currency reserve
VI. Total comprehensive income 1,819,562,697.35 5,005,453,485.56
16
VII. Earnings per share:
I) Basic earnings per share 0.33 1.05
II) Diluted earnings per share 0.33 1.05
7. Consolidated Cash Flow Statement from the beginning of year to the end of report term
In RMB Yuan
Account Current Period Prior Period
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 64,290,961,489.90 64,567,191,647.13
Refunds of taxes 728,229,441.60 179,456,792.87
Cash received relating to other operating activities 2,686,402,763.17 3,118,917,830.77
Sub-total of cash inflows 67,705,593,694.67 67,865,566,270.77
Cash paid for goods and services 54,305,861,406.86 54,247,422,400.97
Cash paid to and on behalf of employees 4,782,070,413.71 4,309,662,082.80
Cash paid for all types of taxes 2,212,209,891.97 3,980,862,710.78
Cash paid relating to other operating activities 5,481,602,663.08 4,579,919,189.20
Sub-total of cash outflows 66,781,744,375.62 67,117,866,383.75
Net cash flows from operating activities 923,849,319.05 747,699,887.02
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from return on investments
Cash received from investment income 1,346,724,439.40 5,560,550,000.00
Net cash received from disposal of fixed assets, intangible assets and other
23,899,810.00 12,338,015.93
long-term assets
Net cash received from disposal of subsidiaries and other business units
Cash received relating to other investing activities 26,358,750.00 629,600,000.00
Sub-total of cash inflows 1,396,982,999.40 6,202,488,015.93
Cash paid for acquisition of fixed assets, intangible assets and other long-term
4,609,034,832.18 2,457,337,467.68
assets
Cash paid for acquisition of investments 2,541,431,126.88 100,840,001.00
Net cash paid for subsidiaries and other business units
Cash paid relating to other investing activities
Sub-total of cash outflows 7,150,465,959.06 2,558,177,468.68
Net cash flows from investing activities -5,753,482,959.66 3,644,310,547.25
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from borrowings 176,000,000.00 195,545,335.27
Cash received from the issuance of bonds
17
Cash received relating to other financing activities 782,530,058.59 664,542,033.46
Sub-total of cash inflows 958,530,058.59 860,087,368.73
Cash repayments of borrowings 188,130,000.00 2,176,754,914.36
Cash paid for distribution of dividends or profits and interest expenses 2,171,816,595.62 3,195,206,702.60
Cash paid relating to other financing activities - 128,671,945.51
Sub-total of cash outflows 2,359,946,595.62 5,500,633,562.47
Net cash flows from financing activities -1,401,416,537.03 -4,640,546,193.74
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH 22,636,773.73 -6,043,797.49
V. NET INCREASE IN CASH AND CASH EQUIVALENTS -6,208,413,403.91 -254,579,556.96
Add: Opening balance of cash and cash equivalents 21,451,305,090.53 22,993,432,067.05
VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT 15,242,891,686.62 22,738,852,510.09
8. Cash Flow Statement from the beginning of year to the end of report term.
In RMB Yuan
Account Current Period Prior Period
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 61,513,377,295.68 61,184,129,674.42
Refunds of taxes 383,815,314.26 -
Cash received relating to other operating activities 2,087,450,058.48 1,792,621,109.19
Sub-total of cash inflows 63,984,642,668.42 62,976,750,783.61
Cash paid for goods and services 51,657,866,443.31 52,167,086,686.92
Cash paid to and on behalf of employees 3,816,901,040.92 3,326,481,274.28
Cash paid for all types of taxes 1,612,304,463.01 3,201,708,303.04
Cash paid relating to other operating activities 5,541,806,425.37 4,413,700,158.73
Sub-total of cash outflows 62,628,878,372.61 63,108,976,422.97
Net cash flows from operating activities 1,355,764,295.81 -132,225,639.36
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from return on investments 839,201.56 -
Cash received from investment income 1,353,648,189.40 5,568,652,679.89
Net cash received from disposal of fixed assets, intangible assets and other
19,104,810.00 99,593,803.80
long-term assets
Net cash received from disposal of subsidiaries and other business units
Cash received relating to other investing activities 117,358,750.00 791,000,000.00
Sub-total of cash inflows 1,490,950,950.96 6,459,246,483.69
18
Cash paid for acquisition of fixed assets, intangible assets and other
4,310,287,332.16 2,187,697,992.01
long-term assets
Cash paid for acquisition of investments 2,696,187,376.88 100,437,390.50
Net cash paid for subsidiaries and other business units
Cash paid relating to other investing activities 200,000,000.00 100,000,000.00
Sub-total of cash outflows 7,206,474,709.04 2,388,135,382.51
Net cash flows from investing activities -5,715,523,758.08 4,071,111,101.18
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from investors
Cash received from borrowings
Cash received from the issuance of bonds
Cash received relating to other financing activities 461,856,503.42 664,542,033.46
Sub-total of cash inflows 461,856,503.42 664,542,033.46
Cash repayments of borrowings - 1,980,000,000.00
Cash paid for distribution of dividends or profits and interest expenses 2,161,624,947.55 3,184,809,372.47
Cash paid relating to other financing activities
Sub-total of cash outflows 2,161,624,947.55 5,164,809,372.47
Net cash flows from financing activities -1,699,768,444.13 -4,500,267,339.01
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH
V. NET INCREASE IN CASH AND CASH EQUIVALENTS -6,059,527,906.40 -561,381,877.19
Add: Opening balance of cash and cash equivalents 20,172,657,984.53 22,326,566,084.67
VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT 14,113,130,078.13 21,765,184,207.48
II. Auditors’ Report
Whether the first quarter report has been audited
□Yes √No
The third quarter report has not been audited.
19
