2015 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 is true, accurate and complete.
1.2 All the directors attend the meeting.
1.3 Chairman Mr. Xu Liuping, Chief Accountants Mr. Wang Kun and Mr. Hua ZhanBiao guarantee the
accuracy, truthfulness and completeness of the financial statements of the quarter report.
1.4 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 Financial Highlight and Changes in Shareholders
2.1 Main accounting data and financial indicators
In RMB Yuan
Increase/decrease
2015.9.30 2014.12.31
(%)
Total asset 81,496,245,224.69 69,687,352,890.82 16.95%
Net asset attributable to the
31,095,460,670.58 25,637,298,549.80 21.29%
shareholders of the listed company
Changes of
Changes of Reporting
Reporting Period on
Jul-Sep. 2015 Jan.-Sep. 2015 Period on the same
the same Period last
Period last year （％）
year （％）
Operation total income 15,055,000,317.76 20.01% 48,107,955,495.25 30.90%
Net profit attributable to
1,655,576,666.88 -9.27% 6,740,843,194.01 23.62%
shareholders of the listed company
Net profit attributable to the
shareholders of the listed company
1,546,606,695.03 -13.62% 6,436,517,954.72 20.23%
after deducting of non-recurring
gain/loss
Net cash flow generated by business
-- -- 8,043,051,911.61 68.96%
operation
Basic earnings per share 0.36 -7.69% 1.45 23.93%
Diluted earning per share 0.36 -7.69% 1.45 23.93%
Return rate on net assets 5.46% Down 2.43% 23.76% Down 1.74%
Items and amounts of extraordinary gains and losses
√Applicable □Not Applicable
Items Amount
Gain/loss of non-current assets (including the write-off of assets impairment reserves) -7,858,086.26
The government subsidies included in the current profits and losses (except government subsidies closely
345,642,788.19
related to corporate business, entitled in fixed quota or quantity)
Current net gain/loss generated by the enterprise merger under common control from the year beginning to
the merger date
Profit and loss from contingency items irrelevant with normal business of the Company profit and loss
from fair value changes by holding of transaction financial assets and liabilities, except effective hedging
business related to normal business of the Company, and investment income from disposal of transaction
financial assets and liabilities as well as financial assets available for sale
Other non-business income and expenditures other than the above items 32,959,462.75
Subtract: Influenced amount of income tax 63,475,860.10
Influenced amount of miniority shareholders’ equity (after tax) 2,943,065.29
Total 304,325,239.29
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for
Companies Offering their Securities to the Public-Non-recurring Gains and Losses and its non-recurring gain/loss items as illustrated
in the Explanatory Announcement No.1 on information Disclosure for Companies offering their securities to the public-non-recurring
Gains and losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
In reporting period, the Company has no particular items defined as recurring profit (gain)/loss according to the lists of extraordinary
profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public ---
Extraordinary Profit/loss.
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 amount of shareholders at the The number of shareholders is 173,270, and A shareholders is 152,517, B shareholders is
end of report period 20,753.
Top 10 Shareholder Information
Shareholding Share amount of infinite share
Share amount
Nature of amount at the condition
Shareholder Name stake（%） of limited sale
shareholders end of report
condition share status amount
period
China Changan Automobile Group state owned legal no pledge or
39.11% 1,823,595,216 373,358,342
Co., Ltd. person freeze
domestic non-state no pledge or
China Securities Finance Co., Ltd. 2.99% 139,422,848
legal person share freeze
domestic non-state no pledge or
Central Huijin Investment Co., Ltd. 1.19% 55,393,100
legal person share freeze
Zhonghui Fortis Investment Co., foreign legal no pledge or
0.97% 45,195,100
Ltd. person shares freeze
foreign legal no pledge or
GIC PRIVATE LIMITED 0.88% 41,122,768
person shares freeze
HTHK-MANULIFE CHINA foreign legal no pledge or
0.74% 34,519,781
VALUE FUND person shares freeze
MORGAN STANLEY & CO. foreign legal no pledge or
0.69% 31,961,073
INTERNATIONAL PLC person shares freeze
CITIGROUP GLOBAL MARKETS foreign legal no pledge or
0.64% 29,666,192
LIMITED person shares freeze
foreign legal no pledge or
GAOLING FUND,L.P. 0.58% 26,839,458
person shares freeze
National Social Security Fund- domestic non-state no pledge or
0.54% 25,099,985
Portfolio 103 legal person share freeze
Top 10 Shareholder Information of Infinite Sale Condition
Type and amount of shares
Shareholder Name Shares at the year end
Type Amount
China Changan Automobile Group Co., Ltd. 1,450,236,874 RMB Common Stock 1,450,236,874
China Securities Finance Co., Ltd. 139,422,848 RMB Common Stock 139,422,848
Central Huijin Investment Co., Ltd. 55,393,100 RMB Common Stock 55,393,100
Zhonghui Fortis Investment Co., Ltd. 45,195,100 domestic foreign share 45,195,100
GIC PRIVATE LIMITED 41,122,768 domestic foreign share 41,122,768
HTHK-MANULIFE CHINA VALUE FUND 34,519,781 domestic foreign share 34,519,781
MORGAN STANLEY & CO. INTERNATIONAL PLC 31,961,073 domestic foreign share 31,961,073
CITIGROUP GLOBAL MARKETS LIMITED 29,666,192 RMB Common Stock 29,666,192
GAOLING FUND,L.P. 26,839,458 domestic foreign share 26,839,458
National Social Security Fund- Portfolio 103 25,099,985 RMB Common Stock 25,099,985
Among the top 10 shareholders, China Changan Automobile Group Co.,
Correlation or concerted action among top 10 infinite Ltd., the controlling shareholder, and its wholly owned subsidiary
sale tradable share holders, and between top 10 infinite Zhonghui Futong Investment Co., Ltd. belong to the concerted actor
sale tradable share holders and top 10 shareholders. regulated by “Disclosure Administration of Shares Change Information of
The Listed Company”.
3
Whether the company top 10 shareholders of ordinary shares, and the top 10 circulated shareholders
agreed on the repurchase transactions during the report period
□Available √Non available
§3 Important Matters
3.1 Significant changes in major accounting data, financial highlight and reason of these changes.
□Available √Non available
Balance Sheet Items Sep. 30 2015 Jan. 1th 2015 Changes
1 Cash 18,363,418,341.99 9,693,083,497.78 89.45%
2 Construction in progress 2,672,203,918.86 1,273,996,965.24 109.75%
3 Development expenditure 899,012,570.04 627,845,455.00 43.19%
4 Short-term loans 60,000,000.00 90,000,000.00 -33.33%
5 Notes payable 18,480,971,309.83 13,108,623,397.32 40.98%
6 Tax payables 709,965,313.77 36,024,006.54 1870.81%
7 Provisions 1,733,552,405.24 1,221,114,880.50 41.96%
8 Retained earnings 20,687,352,289.37 15,115,601,819.79 36.86%
Income Statement Items Jan-Sep 2015 Jan-Sep 2014 Changes
9 Operating revenue 48,107,955,495.25 36,751,508,411.20 30.90%
10 Operating cost 39,456,464,606.28 30,082,157,100.79 31.16%
11 Business tax and surcharges 2,143,673,854.61 1,426,977,822.94 50.22%
12 Financial expenses -116,457,346.01 97,280,409.78 -219.71%
13 Impairment loss on assets 124,376,195.78 32,979,029.43 277.14%
Cash Flow Statement Items Jan-Sep 2015 Jan-Sep 2014 Changes
Net cash flows from operating
14 8,043,051,911.61 4,760,340,830.36 68.96%
activities
Net cash flow generated by
15 -1,271,063,006.66 -3,420,407,288.46 62.84%
financing
Net increase of cash and cash
16 8,727,338,441.09 3,794,871,113.61 129.98%
equivalents
In the reporting period, the Company took the initiative to change and innovate, in face of the slowdown of the industrial growth,
the sluggish demand during the slack season and the downward trend of the macro-economy. The production, and sales growth rate of
the Company kept outpacing the industry growth rate. As of the reporting period, the Company had total assets of 81.496 billion Yuan,
with an increase of 16.95% over the beginning of the year; the total liabilities of 50.623 billion Yuan, with an increase of 14.45% over
the beginning of the year; the asset-liability ratio is 62.12%, decreased by 1.35% than the beginning of the year. Among the items in the
balance sheet, the monetary fund increased hugely over the beginning of the year mainly due to the increase of the share out bonus
from JV Changan Ford Automobile and the increase of net cash flow from operating activities; Balance of construction in progress
hugely increased mainly attributed to the amount of new construction projects greater than the amount of construction projects
transferred into fixed assets; Development expenditure increased over the beginning of the year mainly due to the increasing
capitalization of the research and development projects; The short-term borrowings decreased than the beginning of the year mainly
due to the repayment of bank borrowings; Notes payable increased significantly over the beginning of the year mainly due to the
expansion of the production and sales scale with more self-owned notes issued; Taxes payable increased over the beginning of the year
mainly due to the increase of operating revenue; Provisions increased over the beginning of the year mainly due to the prepayment of
the "three guarantees" expense caused by the increase of the sales; Retained earnings increased over the beginning of the year mainly
due to the increase in earnings from Chongqing Changan and the joint venture.
From January to September, 2015, on account of the expansion of automobile production and sales, the optimization of product
structure and a significant increase in profit of the JV Changan Ford Automobile, the operating income, the operating cost increased
substantially; the business tax and surcharges increased substantially mainly due to the sales growth and the larger proportion of
4
vehicles charged with higher consumption duty; Financial expenses dropped significantly due to the increase of the interest income and
the decrease of the interest expense; Asset impairment losses decreased significantly mainly due to the provision of impairment loss for
the fixed asset and inventory this year.
From January to September, 2015, the Company has achieved the net increase of 8.727 billion in cash and cash equivalents with
an increase of 129.98% on year-on-year basis. The cash flow generated from operating activities was 8.043 billion Yuan, with an
increase of 3.283 billion Yuan of inflow Y-o-y, mainly due to the increase of the cash received from car sales Y-o-y; Net cash flow
generated from financing activities was -1.271 billion Yuan, with a increase of 2.149 billion Yuan of inflow, mainly due to more
repayment of loans over the same period of last year.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
√Applicable □Non-applicable
On March 6, 2015, the company's twenty-ninth session of the sixth board of directors meeting reviewed and approved “The
proposal of purchasing shares of the Chongqing automotive finance co., LTD.”，the company offered 1.155 billion, accounting for
35% share. On March 25, 2015, the Company held the first extraordinary shareholders' general meeting in 2015 to pass the “The
proposal of purchasing shares of the Chongqing automotive finance co., LTD.”.
On April 22, 2015, the Company 's thirty-third session of the sixth board of directors meeting reviewed and approved “Preplan
of 2015 Non-public Offering” and other motion files, the scale of non-public offering is 321 million shares with the total amount of 6
billion yuan. On May 20, 2015 the company received the SASAC’s notice on “Announcement about the Company's Non-public
Offering of A Shares Approved by SASAC” (state owned property rights [2015] No. 350). On May 26, 2015, the second
extraordinary shareholders' general meeting is held for reviewing and approving “Preplan of 2015 Non-public Offering”. On June 10,
2015, the company received the administrative licensing application acceptance notice no. 151479 from China securities regulatory
commission.
Details please refer to the disclosure in the cninfo net of www.cninfo.com.cn, a related announcement.
Description of the Important Items Disclosure Date Interim reports disclosure Web Query
Special Announcement on RPT
Transactions with Chongqing Auto March 7, 2015 http://www.cninfo.com.cn/finalpage/2015-03-07/1200676764.PDF
Finance Ltd.
Announcement on 2015 First
Extraordinary Shareholders' General March 26, 2015 http://www.cninfo.com.cn/finalpage/2015-03-26/1200742339.PDF
Meeting
Preplan of 2015 Non-public Offering April 23, 2015 http://www.cninfo.com.cn/finalpage/2015-04-23/1200890058.PDF
Announcement about the Company's
Non-public Offering of A Shares May 21, 2015 http://www.cninfo.com.cn/finalpage/2015-05-21/1201040214.PDF
Approved by SASAC
Announcement on 2015 Second
Extraordinary Shareholders' General May 27, 2015 http://www.cninfo.com.cn/finalpage/2015-05-27/1201067398.PDF
Meeting
Announcement about the Company's
Non-public Offering of A Shares June 27, 2015 http://www.cninfo.com.cn/finalpage/2015-06-11/1201133491.PDF
Accepted by by CSRC
3.3 The fulfillment of the commitment made by the Company, shareholders and the actual controller
√Applicable □Not Applicable
period
Commitment Commitment for
commitments Commitment content Performance
entity time commitm
ent
1.Aabide by the laws, regulations and As of the end of the reporting period,
rules, and perform the legal obligations.2. CCAG, the Company’s shareholder
Hold by the original non-tradable shares with share selling restrictions, held
from obtaining the right to list and trade 373,358,342 shares with selling
date, At least 24 months is not publicly restrictions, which will be lifted after
The commitments China traded or transferred, The 24 months after May, 2006 the implementation of management
of stock reform Changan the expiration of the term of, Non-tradable share incentive plan according to the
shareholders stock exchange through the commitments of shareholding
sale of shares, The sale of shares of the reform. During the reporting period,
company accounted for the proportion of according to CCAG’s document “A
the total number of within 12 months and Supplementary Explanation to
not more than five percent, in 24 months Participating in the Share Split
5
of no more than ten percent. 3. After the Reform of Chongqing Changan
completion of stock reform, according to Automobile Co., Ltd.”, the Company
the national related management systems confirmed that it will implement the
and methods the company will implement management share incentive plan
the management equity incentive plan. before June 30, 2016, according to
relevant national regulations and
measures.
In order to avoid and eventually solve the
possible competition or potential
competitors, better maintain the interests
of investors, the company controlling
shareholder China Changan makes the
The Harbin Hafei Automobile
Other small commitment: In two consecutive years
China September, Industry Group Co at present is still
shareholders Harbin Hafei Automobile Industry Group
Changan 2010 running at a loss, and don’t record
commitment Co, records the net profit with the
the profit for two consecutive years.
continuous development ability and
improving management level. Under such
condition, the Company proposes that the
enterprises shall be merged into the
company.
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
3.5Particular about security investment
Holding other listing Corporation ownership situation description
√Applicable □Non-applicable
Initial Opening Opening Closing Closing
Company Company investment equity equity equity equity Equity
Holdings Accounting title
name variety cost (RMB Holdings holding ratio holdings source
Yuan) (share) (%) (share) （%）
Southwest Securities Tradable financial
50,000,000 17,750,000 0.76% 35,500,000 0.76% Initial investment
Securities Firm assets
Total 50,000,000 17,750,000 -- 35,500,000 --
3.6 Investments in derivatives
□Applicable √Not Applicable
No Investments in derivatives in the reporting period.
3.7 Interviews and visits in the reporting period
Content discussed and material
Date Location Manner Reception object
offered
Meeting Room, On-Site Automotive Industry Development
2015.1.4 Zealustre Assets
Changan Headquarters Survey and Company’s Business
Meeting Room, On-Site Guotai Junan Securities、Mirae Automotive Industry Development
2015.2.4
Changan Headquarters Survey Asset and Company’s Business
CITIC Securities、Huaan
Meeting Room, On-Site Funds、CITIC-Prudential Fund Automotive Industry Development
2015.2.6
Changan Headquarters Survey Management Co.、Harvest and Company’s Business
Fund、PICC Asset Management
6
Co.、Changsheng Fund
Management Co.、Value
Partners
Meeting Room, On-Site Automotive Industry Development
2015.3.6 China Minzu Securities
Changan Headquarters Survey and Company’s Business
Meeting Room, On-Site Angel Investment Co.、CITIC Automotive Industry Development
2015.3.13
Changan Headquarters Survey Securities International and Company’s Business
Meeting Room, Telephone China Securities Co. Automotive Industry Development
2015.4.17
Changan Headquarters conference and Company’s Business
Meeting Room, On-Site Automotive Industry Development
2015.5.6 Tiger Pacific Capital L.P.
Changan Headquarters Survey and Company’s Business
Meeting Room, On-Site Automotive Industry Development
2015.5.12 Fubon Securities
Changan Headquarters Survey and Company’s Business
China Merchants Securities、
Meeting Room, On-Site Everyoung Capital Automotive Industry Development
2015.5.14
Changan Headquarters Survey Management、Shenzhen and Company’s Business
Tangrong Investment
Meeting Room, On-Site JPMorgan Asset Management、Automotive Industry Development
2015.5.27
Changan Headquarters Survey Credit Suisse and Company’s Business
Meeting Room, On-Site AllianceBernstein (Singapore) Automotive Industry Development
2015.6.1
Changan Headquarters Survey Ltd.、Deutsche Bank and Company’s Business
Meeting Room, On-Site Automotive Industry Development
2015.6.5 Huatai Securities
Changan Headquarters Survey and Company’s Business
Meeting Room, On-Site Citibank、Janchor Partners Automotive Industry Development
2015.6.8
Changan Headquarters Survey Limited and Company’s Business
Meeting Room, On-Site Automotive Industry Development
2015.6.10 Guolian Securities
Changan Headquarters Survey and Company’s Business
Meeting Room, On-Site CI Global Investments Asia Automotive Industry Development
2015.6.11
Changan Headquarters Survey Ltd.、Macquarie Securities and Company’s Business
Meeting Room, On-Site 3W Fund Management、 Automotive Industry Development
2015.6.25
Changan Headquarters Survey Greewoods Asset Management and Company’s Business
Meeting Room, On-Site BNP Paribas Equities(Asia) Automotive Industry Development
2015.6.30
Changan Headquarters Survey Ltd. and Company’s Business
Meeting Room, On-Site Automotive Industry Development
2015.6.30 China Securities Co.
Changan Headquarters Survey and Company’s Business
Meeting Room, On-Site Zheshang Securities、CIB Fund Automotive Industry Development
2015.7.2
Changan Headquarters Survey Management and Company’s Business
Meeting Room, On-Site Automotive Industry Development
2015.7.7 Foresea Life Insurance
Changan Headquarters Survey and Company’s Business
Meeting Room, On-Site BOC International (China) Automotive Industry Development
2015.7.9
Changan Headquarters Survey Limited and Company’s Business
Meeting Room, On-Site Automotive Industry Development
2015.7.22 Hillhouse Capital
Changan Headquarters Survey and Company’s Business
Meeting Room, On-Site Longquan Investment Automotive Industry Development
2015.7.24
Changan Headquarters Survey Management and Company’s Business
Meeting Room, On-Site Automotive Industry Development
2015.7.27 HSBC
Changan Headquarters Survey and Company’s Business
Meeting Room, On-Site Automotive Industry Development
2015.7.29 China Securities Co.
Changan Headquarters Survey and Company’s Business
Meeting Room, China Securities Co.、Harvest
On-Site Automotive Industry Development
2015.8.31 Fund、UBS SDIC、CCB
Changan Headquarters Survey and Company’s Business
Principal Asset Management
7
Co.、ICBC Credit Suisse Asset
Management、China Life AMP
Asset Management、Sunshine
Asset Management、
Commando Capital、Tianan
Property Insurance、CICC
Fund、Bank Of Beijing
Scotiabank Asset
Management、Desheng
Capital、Hope Asset、Hillhouse
Capital、Golden Resources、
Gaohua Securities、Heng An
Standard Life、Tianjun
Investment、China Life
Pension、Anbang Insurance
Group、New China Fund
Management、JT Asset
Management
Meeting Room, On-Site Southwest Securities、China Automotive Industry Development
2015.9.15
Changan Headquarters Survey Southern Asset Management and Company’s Business
Meeting Room, On-Site Founder Securities、Bosera Automotive Industry Development
2015.9.18
Changan Headquarters Survey Funds and Company’s Business
Meeting Room, On-Site Automotive Industry Development
2015.9.28 Red Horse Capital
Changan Headquarters Survey and Company’s Business
3.8 Illegal external guarantees
□ applicable √ not applicable
The Company has no illegal external guarantees during the reporting period.
3.9 The controlling shareholder and its related parties occupying the non-operating capital of the listed company
□ applicable √ not applicable
During the reporting period, no controlling shareholder and its related parties occupied the non-operating capital
of the listed company.
§4. Attachment
I Financial statements
1.Consolidated Balance Sheet Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 18,363,418,341.99 9,693,083,497.78
Deposit Reservation for Balance
Funds loaned to other financial institutions
Financial assets held for trading
Notes receivable 16,679,471,350.16 17,780,161,662.94
Accounts receivable 853,853,931.19 758,876,190.82
Prepayments 959,829,351.09 839,752,551.46
Premiums receivable
8
Reinsurance receivable
Reinsurance reserve receivable
Interest receivable 38,639,791.67 22,083,194.44
Dividend receivable 2,130,000.00 -
Other receivables 333,318,785.95 260,457,285.50
Reverse repurchase agreements
Inventories 6,982,670,585.30 6,572,186,481.51
Classified as assets held for sale
Non-current assets within one year
Other current assets 3,003,255.65 3,370,219.83
Total current assets 44,216,335,393.00 35,929,971,084.28
Non-current assets:
Entrustment loans and advances
Available-for-sale financial assets 410,091,101.12 544,456,774.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 15,097,382,977.60 12,623,989,600.46
Investment properties 9,247,048.34 9,460,145.04
Fixed assets 13,690,181,640.44 14,565,579,796.38
Construction in progress 2,672,203,918.86 1,273,996,965.24
Construction materials 96,690.75 96,690.75
Liquidation of fixed assets 962,786.36 12,412.53
Productive biological assets
Oil and gas asset
Intangible assets 2,917,264,352.83 2,878,965,225.15
Development expenditure 899,012,570.04 627,845,455.00
Goodwill 9,804,394.00 9,804,394.00
Long-term deferred expenses 2,407,811.42 1,687,863.32
Deferred tax assets 1,356,101,764.93 1,160,584,772.58
Other non-current assets 215,152,775.00 60,901,712.09
Total non-current assets 37,279,909,831.69 33,757,381,806.54
TOTAL ASSETS 81,496,245,224.69 69,687,352,890.82
Current liabilities:
Short-term loans 60,000,000.00 90,000,000.00
Due to The People’s Bank of China
Placements of deposits from other financial institutions
Funds borrowed from other financial institutions
Financial liabilities held for trading
Notes payable 18,480,971,309.83 13,108,623,397.32
Accounts payable 13,402,781,203.47 13,038,793,688.31
Advances from customers 5,725,339,858.07 5,802,717,284.79
9
Repurchase agreements
Commission payable
Payroll payable 992,583,423.85 1,022,369,664.80
Taxes payable 709,965,313.77 36,024,006.54
Interest payables 47,223,000.00 73,458,000.00
Dividend payables 79,742.80 79,742.80
Other payables 1,359,759,787.48 2,007,416,635.58
Reinsurance payable
Reinsurance reserve payable
Commission of security trading
Commission of underwriting
Liabilities classified as held for sale
Non-current liabilities within one year
Other current liabilities 3,296,637,882.32 2,921,898,971.68
Total current liabilities 44,075,341,521.59 38,101,381,391.82
Non-current liabilities:
Long-term loans
Bonds payable 1,974,123,119.86 1,971,184,679.89
Long-term employee compensation 39,767,730.24 48,317,000.00
Special payables 159,333,328.18 146,635,935.13
Deferred income 2,604,336,537.56 2,687,392,181.26
Estimated liabilities 1,733,552,405.24 1,221,114,880.50
Deferred tax liabilities 36,810,763.75 55,915,125.00
Other non-current liabilities
Total non-current liabilities 6,547,923,884.83 6,130,559,801.78
Total liabilities 50,623,265,406.42 44,231,941,193.60
Owners’ equity(or shareholders’ equity)
Paid up capital (or Share capital) 4,662,886,108.00 4,662,886,108.00
Capital reserves 3,227,489,320.83 3,227,489,320.83
Less: Treasury shares
Special reserves 20,525,263.99 7,864,849.94
Other comprehensive income 165,764,634.39 292,013,397.24
Surplus reserves 2,331,443,054.00 2,331,443,054.00
General reserve
Undistributed profit 20,687,352,289.37 15,115,601,819.79
Equity attributable to owners 31,095,460,670.58 25,637,298,549.80
Minority interests -222,480,852.31 -181,886,852.58
Total Owners’ equity (or Shareholders’equity) 30,872,979,818.27 25,455,411,697.22
TOTAL LIABILITIES AND OWNERS’ EQUITY( OR
SHAREHOLDERS’ EQUITY) 81,496,245,224.69 69,687,352,890.82
10
2、Balance Sheet Statement
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 17,387,653,138.13 8,828,152,864.35
Financial assets held for trading -
Notes receivable 16,387,776,760.63 17,437,167,211.16
Accounts receivable 4,055,177,423.13 2,761,909,831.22
Prepayments 1,109,632,048.55 718,818,105.48
Interest receivable 38,639,791.67 22,083,194.44
Dividend receivable 2,130,000.00 -
Other receivables 419,977,561.47 668,159,856.84
Inventories 6,125,464,191.86 5,742,492,948.04
Classified as assets held for sale
Non-current assets within one year
Other current assets
Total current assets 45,526,450,915.44 36,178,784,011.53
Non-current assets:
Available-for-sale financial assets 410,091,101.12 544,456,774.00
Held-to-maturity investments
Long-term receivables
Long-term equity investments 16,435,158,335.92 13,961,764,958.78
Investment properties
Fixed assets 11,339,119,594.84 12,096,357,952.31
Construction in progress 2,375,917,046.50 1,104,857,686.48
Construction materials 96,690.75 96,690.75
Liquidation of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 2,637,725,233.10 2,609,607,273.08
Development expenditure 787,161,595.03 553,114,237.90
Goodwill
Long-term deferred expenses 225,100.00 360,160.00
Deferred tax assets 1,304,692,226.31 1,074,871,906.67
Other non-current assets 215,152,775.00 60,901,712.09
Total non-current assets 35,505,339,698.57 32,006,389,352.06
TOTAL ASSETS 81,031,790,614.01 68,185,173,363.59
Current liabilities:
Short-term loans
Financial liabilities held for trading
Notes payable 17,710,761,492.13 12,543,099,927.12
11
Accounts payable 12,157,032,106.86 10,740,190,881.58
Advances from customers 5,818,622,297.57 5,759,636,471.07
Payroll payable 890,611,636.94 880,808,485.74
Taxes payable 1,020,034,435.19 377,767,827.46
Interest payable 47,223,000.00 73,458,000.00
Dividend payable
Other payables 1,068,322,783.18 1,689,613,940.30
Liabilities classified as held for sale
Non-current liabilities within one year
Other current liabilities 3,122,646,926.56 2,699,580,446.95
Total current liabilities 41,835,254,678.43 34,764,155,980.22
Non-current liabilities:
Long-term loans
Bonds payable 1,974,123,119.86 1,971,184,679.89
Long-term employee compensation 20,736,881.19 27,778,000.00
Special payables 93,383,627.93 76,263,426.13
Deferred income 2,133,164,325.58 2,195,144,515.81
Estimated liabilities 1,577,102,243.45 1,203,676,749.38
Deferred tax liabilities 35,760,000.00 55,915,125.00
Other non-current liabilities
Total non-current liabilities 5,834,270,198.01 5,529,962,496.21
Total liabilities 47,669,524,876.44 40,294,118,476.43
Owners’ equity (or Shareholders’ equity):
Paid up capital (or Share capital) 4,662,886,108.00 4,662,886,108.00
Capital reserves 2,831,662,835.16 2,831,662,835.16
Less: Treasury shares
Special reserves 10,011,201.93 3,127,864.50
Other comprehensive income 203,228,000.00 317,440,375.00
Surplus reserves 2,331,443,054.00 2,331,443,054.00
General reserve
Retained earnings 23,323,034,538.48 17,744,494,650.50
Foreign currency reserve
Ownership of the parent company's total equity 33,362,265,737.57 27,891,054,887.16
Minority shareholders' rights and interests
Equity attributable to owners 33,362,265,737.57 27,891,054,887.16
TOTAL LIABILITIES AND OWNERS’ EQUITY( OR
SHAREHOLDERS’ EQUITY) 81,031,790,614.01 68,185,173,363.59
3、Consolidated Income Statement (The reporting period)
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Period
12
I. Total operating revenue 15,055,000,317.76 12,544,777,769.25
Including: operating revenue 15,055,000,317.76 12,544,777,769.25
Interest income
Earned premium
Fee and commission income
II. Total operating cost 15,008,661,279.50 12,669,682,099.02
Including: Operating cost 12,206,530,406.06 10,086,674,608.63
Interest expenses
Fee and commission expenses
Surrender value
Compensation expenses
Net insurance contract reserve
Policy dividend expenses
Reinsurance expenses
Business tax and surcharges 598,046,983.09 501,882,319.90
Operating expenses 1,193,108,408.17 1,034,896,118.03
General and administrative expenses 1,055,440,120.45 1,037,674,080.88
Financial expenses -40,687,482.85 8,130,849.57
Impairment loss on assets -3,777,155.42 424,122.01
Add: Profit and loss from fair value changes (‘-‘ represent loss)
Investment income (‘-‘ represent loss) 1,517,987,797.70 1,916,293,063.73
Including: Investment income from associates and from 1,512,662,797.70 1,912,506,547.56
joint venture
Net foreign exchange differences(‘-’ means loss)
III. Operating profit (‘-’ represent loss) 1,564,326,835.96 1,791,388,733.96
Add: Non-operating income 146,174,434.47 74,091,651.63
Less: Non-operating expenses 11,735,051.48 10,903,624.47
Including: loss on disposal of non-current assets 5,482,074.41 7,512,147.05
IV. Total profit(‘-’ represent loss) 1,698,766,218.95 1,854,576,761.12
Less: Income tax expense 56,253,263.86 31,563,620.08
V. Net profit (‘-’ represent net loss) 1,642,512,955.09 1,823,013,141.04
Including: The net profit of the combined parties before business
combination
Net profit attributable to owners 1,655,576,666.88 1,824,763,530.91
Minority interests -1,3,063,711.79 -1,750,389.87
VI. Earnings per share: -- --
I) Basic earnings per share 0.36 0.39
II) Diluted earnings per share 0.36 0.39
VII. Other comprehensive income -70,787,299.33 29,804,503.37
Where: Other comprehensive income items can not be reclassified
into profit or loss in future accounting periods
other comprehensive income items satisfied predetermined
-70,787,299.33 29,804,503.37
condition will be reclassified to profit or loss in the future accounting
13
period
VIII. Total comprehensive income 1,571,725,655.76 1,852,817,644.41
Total comprehensive income attributable to owners 1,584,789,367.55 1,854,568,034.28
-13,063,711.79 -1,750,389.87
Total comprehensive income attributable to minority interest
4、Income Statement (The reporting period)
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Period
I. Operating revenue 14,373,367,136.50 12,368,730,785.87
Less: Operating cost 11,744,507,563.38 10,055,370,633.02
Business tax and surcharges 566,969,922.30 451,123,681.12
Operating expenses 1,095,314,766.52 952,887,539.52
General and administrative expenses 922,905,618.06 917,664,800.01
Financial expenses -47,968,438.14 1,586,113.81
Impairment loss on assets -529,644.56 424,122.01
Add: Profit and loss from fair value Changes (‘-’ represent loss)
Investment income (‘-’ represent loss) 1,517,987,797.70 1,915,347,319.06
Including: Investment income from associates and from
1,512,662,797.70 1,912,506,547.56
joint venture
II. Operating profit (‘-’ represent loss) 1,610,155,146.64 1,905,021,215.44
Add: Non-operating income 133,144,611.33 91,981,227.67
Less: Non-operating expenses 8,949,387.46 41,227,870.30
Including: loss on disposal of non-current assets 4,547,055.50 38,652,697.08
III. Total profit(‘-’ represent loss) 1,734,350,370.51 1,955,774,572.81
Less: Non-operating expenses 49,599,973.17 32,430,772.67
IV. Net profit (‘-’ represent net loss) 1,684,750,397.34 1,923,343,800.14
V. Earnings per share: -- --
I) Basic earnings per share 0.36 0.41
II) Diluted earnings per share 0.36 0.41
VI. Other comprehensive income -74,381,375.00 29,942,773.12
Where: Other comprehensive income items can not be reclassified
into profit or loss in future accounting periods
other comprehensive income items satisfied predetermined
condition will be reclassified to profit or loss in the future accounting -74,381,375.00 29,942,773.12
period
VII. Total comprehensive income 1,610,369,022.34 1,953,286,573.26
5、Consolidated Income Statement（The beginning of the year to the reporting period income statement）
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
14
Account Current Period Prior Period
I. Total operating revenue 48,107,955,495.25 36,751,508,411.20
Including: operating revenue 48,107,955,495.25 36,751,508,411.20
Interest income
Earned premium
Fee and commission income
II. Total operating cost 48,031,669,736.05 37,430,354,796.59
Including: Operating cost 39,456,464,606.28 30,082,157,100.79
Interest expenses
Fee and commission expenses
Surrender value
Compensation expenses
Net insurance contract reserve
Policy dividend expenses
Reinsurance expenses
Business tax and surcharges 2,143,673,854.61 1,426,977,822.94
Operating expenses 3,328,259,040.06 3,149,926,143.70
General and administrative expenses 3,095,353,385.33 2,641,034,289.95
Financial expenses -116,457,346.01 97,280,409.78
Impairment loss on assets 124,376,195.78 32,979,029.43
Add: Profit and loss from fair value changes (‘-‘ represent loss)
Investment income (‘-‘ represent loss) 6,480,937,592.45 6,000,333,310.21
Including: Investment income from associates and from 5,911,263,048.22
joint venture 6,423,393,377.14
Net foreign exchange differences(‘-’ means loss)
III. Operating profit (‘-’ represent loss) 6,557,223,351.65 5,321,486,924.82
Add: Non-operating income 399,484,232.27 164,545,237.67
Less: Non-operating expenses 28,740,067.59 16,158,262.80
Including: loss on disposal of non-current assets 7,902,292.09 9,632,111.62
IV. Total profit(‘-’ represent loss) 6,927,967,516.33 5,469,873,899.69
Less: Income tax expense 227,718,322.05 31,032,943.54
V. Net profit (‘-’ represent net loss) 6,700,249,194.28 5,438,840,956.15
Including: The net profit of the combined parties before business - -43,588,252.13
combination
Net profit attributable to owners 6,740,843,194.01 5,452,856,529.84
Minority interests -40,593,999.73 -14,015,573.69
VI. Earnings per share: -- --
I) Basic earnings per share 1.45 1.17
II) Diluted earnings per share 1.45 1.17
VII. Other comprehensive income -126,248,762.85 -31,662,241.21
Where: Other comprehensive income items can not be reclassified
into profit or loss in future accounting periods
15
other comprehensive income items satisfied predetermined
condition will be reclassified to profit or loss in the future accounting -126,248,762.85 -31,662,241.21
period
VIII. Total comprehensive income 6,574,000,431.43 5,407,178,714.94
Total comprehensive income attributable to owners 6,614,594,431.16 5,421,194,288.63
-14,015,573.69
Total comprehensive income attributable to minority interest -40,593,999.73
6、Income Statement（The beginning of the year to the reporting period income statement）
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Perid
I. Operating revenue 46,889,180,993.55 36,531,504,293.67
Less: Operating cost 38,977,865,565.47 30,451,785,175.65
Business tax and surcharges 1,985,636,892.44 1,266,021,661.93
Operating expenses 3,053,403,384.86 2,824,148,467.73
General and administrative expenses 2,707,637,319.04 2,241,541,783.18
Financial expenses -111,578,616.35 80,666,771.69
Impairment loss on assets 130,776,658.24 37,651,812.28
Add: Profit and loss from fair value Changes (‘-’ represent loss)
Investment income (‘-’ represent loss) 6,480,937,592.45 5,951,181,255.18
Including: Investment income from associates and from 5,911,263,048.22
joint venture 6,423,393,377.14
II. Operating profit (‘-’ represent loss) 6,626,377,382.30 5,580,869,876.39
Add: Non-operating income 328,679,467.15 142,672,576.70
Less: Non-operating expenses 24,173,733.64 45,921,672.51
Including: loss on disposal of non-current assets 6,674,722.91 40,525,925.75
III. Total profit(‘-’ represent loss) 6,930,883,115.81 5,677,620,780.58
Less: Income tax expenses 183,250,503.40 18,724,678.57
IV. Net profit (‘-’ represent net loss) 6,747,632,612.41 5,658,896,102.01
V. Earnings per share: -- --
I) Basic earnings per share 1.45 1.21
II) Diluted earnings per share 1.45 1.21
VI. Other comprehensive income -114,212,375.00 9,122,023.12
Where: Other comprehensive income items can not be reclassified
into profit or loss in future accounting periods
other comprehensive income items satisfied predetermined
condition will be reclassified to profit or loss in the future accounting -114,212,375.00 9,122,023.12
period
VII. Total comprehensive income 6,633,420,237.41 5,668,018,125.13
16
7、Consolidated cash flow statement
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 51,702,837,976.00 34,603,553,486.27
Net increase in customer deposits and placements of deposits from
other financial institutions
Net increase in amounts due to the Central Bank
Net decrease in funds loaned to other financial institutions
Cash receipts from primary insurance contract
Net cash receipts from reinsurance agreement
Net increase in saving from incident and investment deposit
Net increase in disposal of financial assets held for trading
Cash receipts from interest and fee and commission income
Net increase in funds borrowed from other financial institutions
Net increase in repurchase agreements
Refunds of taxes 117,854,027.25 88,390,158.10
Cash received relating to other operating activities 749,700,681.63 348,217,331.95
Sub-total of cash inflows 52,570,392,684.88 35,040,160,976.32
Cash paid for goods and services 33,098,712,289.69 21,451,435,766.56
Net increase in loans and advances
Net increase in amounts due from the Central Bank and
placements of deposits with other financial institutions
Cash payments for primary insurance contract
Cash payments for interest and fee and commission expenses
Cash payments for policy dividend
Cash paid to and on behalf of employees 3,657,503,343.25 2,929,734,006.61
Cash paid for all types of taxes 4,002,176,936.84 2,727,712,499.51
Cash paid relating to other operating activities 3,768,948,203.49 3,170,937,873.28
Sub-total of cash outflows 44,527,340,773.27 30,279,820,145.96
Net cash flows from operating activities 8,043,051,911.61 4,760,340,830.36
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments - 9,299,199.77
Cash received from return on investments 4,005,414,215.31 4,161,840,637.96
Net cash received from disposal of fixed assets, intangible assets 618,582.25 4,220,942.31
and other long-term assets
Cash and cash equivalents of subsidiary receipts upon a
acquisition
Cash received relating to other investing activities 5,680,000.00 -
Sub-total of cash inflows 4,011,712,797.56 4,175,360,780.04
Cash paid for acquisition of fixed assets, intangible assets and 1,833,892,501.59 1,274,206,756.19
other long-term assets
Cash paid for acquisition of investments 215,165,550.26 441,846,276.62
17
Net increase in pledged loan
Cash paid for acquisition of subsidiary and other business units
Cash paid relating to other investing activities 45,000.00 -
Sub-total of cash outflows 2,049,103,051.85 1,716,053,032.81
Net cash flows from investing activities 1,962,609,745.71 2,459,307,747.23
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment - 3,038.44
Including: cash received from absorbing investment from minority
interest of subsidiary
Cash received from borrowings 60,000,000.00 80,000,000.00
Cash received from issuing bond
Cash received relating to other financing activities 67,961,859.16 422,871,817.29
Sub-total of cash inflows 127,961,859.16 502,874,855.73
Cash repayments of borrowings 90,000,000.00 2,970,000,000.00
Cash paid for distribution of dividends or profits and interest 1,280,936,977.31 655,453,955.49
expenses
Including: cash paid for dividends or profits and interest expenses
to minority interest of subsidiary
Cash paid relating to other financing activities 28,087,888.51 297,828,188.70
Sub-total of cash outflows 1,399,024,865.82 3,923,282,144.19
Net cash flows from financing activities -1,271,063,006.66 -3,420,407,288.46
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON -7,260,209.58 -4,370,175.52
CASH
V. NET INCREASE IN CASH AND CASH 8,727,338,441.08 3,794,871,113.61
EQUIVALENTS
Add: Opening balance of cash and cash equivalents 9,362,853,917.71 3,942,941,861.56
VI. CLOSING BALANCE OF CASH AND CASH 18,090,192,358.79 7,737,812,975.17
EQUIVALENT
8、Cash flow statement
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from sale of goods or rendering of services 49,361,291,578.69 32,747,931,951.09
Refunds of taxes
Cash received relating to other operating activities 776,126,534.85 186,160,080.81
Sub-total of cash inflows 50,137,418,113.54 32,934,092,031.90
Cash paid for goods and services 32,408,586,970.29 20,930,616,009.18
Cash paid to and on behalf of employees 2,959,054,842.89 2,322,976,387.19
Cash paid for all types of taxes 3,674,450,623.69 2,441,084,316.53
Cash paid relating to other operating activities 3,506,222,314.51 2,646,768,158.58
Sub-total of cash outflows 42,548,314,751.38 28,341,444,871.48
Net cash flows from operating activities 7,589,103,362.16 4,592,647,160.42
18
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments - 5,189,514.86
Cash received from return on investments 4,005,414,215.31 4,112,688,582.93
Net cash received from disposal of fixed assets, intangible assets 70,290,041.88 1,487,831.98
and other long-term assets
Cash received from disposal of subsidiary and other business units
Cash received relating to other investing activities 5,380,000.00 250,000,000.00
Sub-total of cash inflows 4,081,084,257.19 4,369,365,929.77
Cash paid for acquisition of fixed assets, intangible assets and 1,619,485,414.11 1,097,495,278.06
other long-term assets
Cash paid for acquisition of investments 215,165,550.26 441,846,276.62
Cash paid for acquisition of subsidiary and other business units
Cash paid relating to other investing activities
Sub-total of cash outflows 1,834,650,964.37 1,539,341,554.68
Net cash flows from investing activities 2,246,433,292.82 2,830,024,375.09
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment - 3,038.44
Cash received from borrowings
Cash received from issuing bond
Cash received relating to other financing activities - 990.49
Sub-total of cash inflows - 4,028.93
Cash repayments of borrowings - 2,790,000,000.00
Cash paid for distribution of dividends or profits and interest
1,276,036,381.20 641,731,603.72
expenses
Cash paid relating to other financing activities
Sub-total of cash outflows 1,276,036,381.20 3,431,731,603.72
Net cash flows from financing activities -1,276,036,381.20 -3,431,727,574.79
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON
CASH
V. NET INCREASE IN CASH AND CASH
8,559,500,273.78 3,990,943,960.72
EQUIVALENTS
Add: Opening balance of cash and cash equivalents 8,828,152,864.35 3,290,584,684.00
VI. CLOSING BALANCE OF CASH AND CASH 17,387,653,138.13 7,281,528,644.72
EQUIVLANT
II. Auditor’s report
The 3rd quarterly report has not been audited.
19
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