2016 First Quarter Report
Of
Chongqing Changan Automobile Company Limited
April, 2016
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”) 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.
All directors attended the board meeting for reviewing the first quarter report.
Chairman Mr. Xu Liuping, Chief Accountants Mr. Wang Kun and Mr.Hua Zhanbiao guarantee the
truthfulness and completeness of the financial statements of the quarter report.
2
Chapter 2 Changes in Key Financial Data and Shareholders
2.1 Main accounting financial data
During the reporting period the previous financial data whether the retroactive adjustment or restatement
□Yes √No
In RMB Yuan
The same period last Changed (%)
The reporting period
year
Operating income 19,337,756,565.65 18,197,185,337.09 6.27%
Net profit attributable to shareholders of
2,673,017,139.39 2,494,491,155.26 7.16%
the Company
Net profit excluding non-recurring gains
and losses attributable to shareholders of 2,529,388,182.32 2,349,996,871.48 7.63%
listed company
cash flow from operating activities 1,615,418,932.11 2,773,784,253.36 -41.76%
Basic earnings per share 0.57 0.53 7.55%
Diluted earnings per share N/A N/A N/A
Weighted average return on net assets 7.49% 9.28% -1.79%
This reporting period End of 2015 Changed (%)
Total assets 94,787,608,469.12 89,413,988,669.66 6.01%
Net assets attributable to shareholders of
37,025,759,117.77 34,385,189,070.36 7.68%
listed company
Accidental gain/loss item and amount
√ Applicable □ Not applicable
In RMB Yuan
Amount of the period from the
Item beginning of year to the end of Explanation
report term
Gain/loss of non-current assets -6,061,812.25
Government subsidies accounted into current gain/loss account, other than
those closely related to the Company’s common business, comply with the 186,834,715.50
national policy and continues to enjoy at certain fixed rate or amount.
Other non-business income and expenditures other than the above -2,373,865.80
Less: Influenced amount of income tax 34,413,043.02
Influenced amount of minority shareholders’ equity 357,037.36
Total 143,628,957.07
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
2.2.1 Total number of shareholders at the end of the report period and statement on shares held by the top ten
tradable shareholders
Unit: share
3
As of the reporting period, the total Totaled 157,575, of which 138,119 was A share shareholders and 19,456 were B share
number of shareholders shareholders.
Top 10 Shareholders
Properties of Shareholding Number of Conditional Pledging or freezing
Name of the shareholder
shareholder (%) shares shares Share status Amount
State-owned legal No pledge or
China Changan Automobile Co., Ltd. 39.11% 1,823,595,216 373,358,342 0
person shares frozen
domestic general No pledge or
China securities finance Co, Ltd 2.99% 139,422,848 0
legal person shares frozen
domestic general No pledge or
Central Huijin Investment Ltd. 1.19% 55,393,100 0
legal person shares frozen
United Prosperity Investment Co., foreign legal No pledge or
0.97% 45,195,100 0
Limited person shares frozen
foreign legal No pledge or
GIC PRIVATE LIMITED 0.91% 42,473,436 0
person shares frozen
HTHK-MANULIFE CHINA VALUE foreign legal No pledge or
0.74% 34,519,781 0
FUND person shares frozen
National Social Security Fund- domestic general No pledge or
0.64% 29,999,873 0
Portfolio 102 legal person shares frozen
VALUE PARTNERS domestic non-state No pledge or
0.62% 28,823,840 0
HIGH-DIVIDEND STOCKS FUNDS legal person shares frozen
National Social Security Fund- domestic general No pledge or
0.60% 28,099,961 0
Portfolio 103 legal person shares frozen
Northeast Securities Co. Ltd.- No pledge or
domestic general
customer guarantee of securities credit 0.54% 25,142,323 frozen 0
legal person shares
transactions security account
Top 10 holders of unconditional shares
Amount of shares Category of shares
Name of the shareholder without sales
restriction Category of shares Amount
China Changan Automobile Co., Ltd. 1,450,236,874 RMB Ordinary share 1,450,236,874
China securities finance Co, Ltd 139,422,848 RMB Ordinary share 139,422,848
Central Huijin Investment Ltd. 55,393,100 RMB Ordinary share 55,393,100
Domestic listed foreign
United Prosperity Investment Co., Limited 45,195,100 45,195,100
shares
Domestic listed foreign
GIC PRIVATE LIMITED 42,473,436 42,473,436
shares
Domestic listed foreign
HTHK-MANULIFE CHINA VALUE FUND 34,519,781 34,519,781
shares
National Social Security Fund- Portfolio 102 29,999,873 RMB Ordinary share 29,999,873
Domestic listed foreign
VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS 28,823,840 28,823,840
shares
National Social Security Fund- Portfolio 103 28,099,961 RMB Ordinary share 28,099,961
Northeast Securities Co. Ltd.- customer guarantee of securities
25,142,323 RMB Ordinary share 25,142,323
credit transactions security account
Among the top 10 shareholders, China Changan Automobile
Group Co., Ltd., the controlling shareholder, and its wholly
Explanation on the relationship and the action alike of above owned subsidiary United Prosperity Investment Co., Limited.
shareholders belong to the concerted actor regulated by “Disclosure
Administration of Shares Change Information of The Listed
Company”.
4
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
2.2.2 Total number of preferred shareholders at the end of the report period and statement on preferred shares held
by the top ten tradable shareholders
□Applicable √Not Applicable
5
Chapter 3 Important Matters
3.1 Significant changes&reasons in major accounting data, financial indicators
In RMB Yuan
st st
Balance Sheet Items Mar. 31 ,2016 Jan. 1 , 2016 Changes (%)
1 Accounts receivable 1,269,879,426.54 875,479,556.55 45.05%
2 Interest receivable 34,362,686.12 15,295,866.67 124.65%
3 Construction project 4,081,505,848.79 3,063,874,006.92 33.21%
4 Long-term deferred expenses 13,931,886.95 8,028,811.27 73.52%
5 Short-term loan 165,000,000.00 50,000,000.00 230.00%
6 Taxes payable 563,955,603.14 356,749,196.49 58.08%
7 Interest payable 99,693,000.00 73,458,000.00 35.71%
8 Special reserves 31,531,878.26 22,036,479.54 43.09%
Income Statement Items Jan-Mar 2016 Jan-Mar 2015 Changes (%)
1 Selling expenses 1,245,628,687.54 904,802,167.72 37.67%
2 Financial expenses -43,658,323.21 -9,831,149.81 -344.08%
3 Non-operating expenses 24,603,975.77 2,920,202.20 742.54%
4 Income tax 4,952,715.30 110,290,285.35 -95.51%
5 Profit for distribution 26,572,240,402.83 17,610,092,975.05 50.89%
Cash Flow Statement Items Jan-Mar 2016 Jan-Mar 2015 Changes (%)
Net Cash flow generated by business
1 1,615,418,932.11 2,773,784,253.36 -41.76%
operation
2 Net cash flow generated by investment -1,046,353,980.69 -530,913,758.99 -97.09%
3 Net cash flow generated by financing 123,093,161.14 47,504,723.04 159.12%
4 Net increase of cash and cash equivalents 692,249,507.90 2,295,470,823.30 -69.84%
As at the end of reporting period, the Company’s total asset is 94.8 Billion Yuan, with 6.01% growth compared with the beginning
of the year; the total liability is 58 Billion Yuan, with 4.97% growth compared with the beginning of the year; the debt asset ratio is
61.18%, which is 0.6% lower than that at the beginning of the year. Compared with beginning of the year, the increase of accounts
receivable is mainly due to the growth of car sales; the huge increase of interest receivables is mainly due to the interest on deposits of
the parent company; the increase of construction project is mainly due to new construction projects for passenger cars this year; the
huge increase of long-term deferred expenses is mainly due to the new car extended warranty costs; the huge increase of tax payable is
mainly due to the increase of VAT payable and business income taxes; the increase of interest payable is due to the increase of bond
interest payable; the huge increase of short-term loan is due to the increasingly borrowing of short-term loans from Boding Changan
Bus; the huge increase of special reserve is due to the increase of safety production cost.
During the reporting period, the increase of the selling expenses is due to the increasing of the accrued discount compared with
the same period of last year; the significant decrease of financial expenses is mainly caused by the decrease of loan interests from
financial institutions; the huge increase of non-operating expense was mainly caused by the loss of fixed assets disposal; the income
tax costs substantially reduced mainly due to the increase of deferred income tax assets.
During the reporting period, the cash and cash equivalent reduced by 1.603 billion Yuan, down by 69.84% on a year-on-year
basis, mainly resulting from the material decrease of net cash flow generated from operating activities. The net cash flow generated
from operating activities reduced by 1.158 billion Yuan mainly due to the sales growth rate smaller than that of the purchase of goods,
the tax paid in cash and the cash payments to employees. The cash flows from investing activities reduced by 0.515 billion Yuan,
adown by 97.09% on a year-on-year basis, due to the increase of cash for the purchase of fixed assets, intangible assets and other
long-term assets. The net cash flows from financing activities increased by 0.076 billion yuan, a year-on-year increase of 159.12%,
due to the decrease of cash repayments to the debts, and the increase of other cash related financing activities.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
√Applicable □Not Applicable
On March 7, 2016, the 42nd session of the sixth board of directors approved “On the general election for the seventh board of
directors”, and the company elected Xu Liuping, Zhang Baolin, Zhu Huarong, Zhou Zhiping, Tan Xiaogang, Wang Xiaoxiang, Wang
Kun as the candidate for the seventh session of the board of directors; at the same time, the board of directors nominated Shuai
Tianlong, Liu Jipeng, Li Xiang, Li Qingwen, Tan Xiaosheng, Hu Yu, Pang Yong, and Chen Quanshi as the independent directors
6
candidate for the seventh session of the board of directors. On March 7, 2016, the 19th session of the sixth board of supervisors
reviewed and approved the “On the general election for the seventh board of supervisors”, and the company elected Xiaoyong, Sun
Dahong, Zhao Huixia as the candidate for the board of supervisors, and the company workers congress elected Zhang Anguo, Luo
Yan as the employee supervisor candidate for the board of supervisors. On March 23, 2016, the company held its first extraordinary
general meeting in 2016 and approved “On the general election for the seventh board of directors”, and “On the general election for
the seventh board of supervisors”.
On March 30, 2016, the 2nd session of the seventh board of directors approved “The company's stock option incentive plan
(Draft) ”, and the incentive plan intended to grant 31.22 million shares of stock options to the incentive objects, accounting for about
0.67% of 4.66 billion shares at the signing time for the incentive plan. During the reporting period, the stock options incentive plan
and its related matters still waited for the approval from State-owned Assets Supervision and Administration Commission (SASAC)
and the approval of the general meeting of shareholders.
On March 30, 2016, the 2nd session of the seventh board of directors approved “The withdrawal of the application documents for
2015 non-public offering of shares”, “The Preplan for 2016 non-public offering of shares" and other related bills. The 2016 non
public offering of shares is issued for China Changan Automobile Group Co., Ltd., with the subscription amount of 2 billion yuan.
From the end of reporting period to the disclosure date, the withdrawal of the application documents for 2015 non-public offering of
shares was approved by the China Securities Regulation Commission (CSRC), and the Preplan for 2016 non-public offering of shares
and its related matters acquired the approval from SASAC and the general meeting of shareholders (Bulletin No.-51). The Preplan
for 2016 non-public offering of shares and its related matters still needs to acquire the approval from CSRC.
For details, please refer to relevant announcements of tidal wave in the web of www.cninfo.com.cn.
Description of the Important Items Disclosure Date Interim reports disclosure Web Query
Announcement of the forty-second http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
2016.3.8
meeting of the sixth board of directors etin_detail/true/1202028232?announceTime=2016-03-08
Announcement of the nineteenth meeting http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
2016.3.8
of the sixth board of supervisors etin_detail/true/1202028234?announceTime=2016-03-08
2016 first extraordinary general meeting http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
2016.3.24
resolution announcement etin_detail/true/1202071712?announceTime=2016-03-24
Announcement of the second meeting of http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
2016.3.31
the seventh board of directors etin_detail/true/1202113167?announceTime=2016-03-31
Notice on the risk of non - public offering
http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
of shares in diluted spot returns and the 2016.3.31
etin_detail/true/1202113157?announceTime=2016-03-31
measures taken to fill
A signed conditional share subscription
http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
agreement with China Changan 2016.3.31
etin_detail/true/1202113158?announceTime=2016-03-31
Automobile Group Limited by
Announcement on the stock option
http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
incentive related to the related party 2016.3.31
etin_detail/true/1202113170?announceTime=2016-03-31
transactions
Notice on the withdrawal of the application http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
2016.3.31
for non - public issuance of shares in 2015 etin_detail/true/1202113155?announceTime=2016-03-31
The non-public offering of shares related http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
2016.3.31
to the related party transactions etin_detail/true/1202113156?announceTime=2016-03-31
Announcement on receiving the approval
http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
notice of CSRC on ending the 2016.4.23
etin_detail/true/1202227166?announceTime=2016-04-23
administrative license
Announcement on receiving the approval
http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull
notice of SASAC on non - public issuance 2016.4.29
etin_detail/true/1202265962?announceTime=2016-04-29
of shares in 2016
3.3 Commitments make within the report period or persisted to the period by the Company
or shareholder with over 5 percent shares held
Commitment Item Promise Promise content Performance
1.Will abide by the laws, regulations and rules, to By the end of reporting term, Limited
perform the legal obligations.2. Held by the original conditions of the sale of shares of the
The commitments of non-tradable shares from obtaining the right to list and company held by the shareholders of
China Changan trade date, At least 24 months is not publicly traded or China Changan 1,913,557,480shares,
stock reform
transferred, The 24 months after the expiration of the The 1,538,287,238conditions for the
term of, Non-tradable shareholders stock exchange unlimited sale of shares, The
through the sale of shares, The sale of shares of the remaining 373,358,342 shares for the
7
company accounted for the proportion of the total limited conditions of the sale of shares,
number of within 12 months and not more than five According to the commitments to the
percent, In 24 months of no more than ten percent,3. management equity incentive plan
Company in the shares changed after the completion implemented after the lifting of
of According to the national related management restrictions on sale. During the
systems and methods for implementing the reporting period, the 2nd session of the
management equity incentive plan seventh board of directors examined
and approved the "The company stock
option incentive plan (Draft)", and the
stock options incentive plan and its
related matters still waited for the
approval from SASAC and the
approval of the general meeting of
shareholders.
order to avoid and eventually solve the possible
competition or potential competitors, Better maintain
the interests of investors, the company controlling The Harbin HF Automobile Industry
Other small shareholder China Changan commitment: In two Group Company Ltd. at present is still
shareholders China Changan consecutive years profit of Harbin HF Automobile running at a loss, The conditions have
commitment Industry Group Company Ltd. With the continuous not yet reached the profitable for two
development ability and management level is consecutive years.
improved significantly under the condition of,
Proposed that enterprise into the company.
3.4 Forecast of operation performance from Jan. – June of 2016
□Applicable √Not Applicable
3.5 Securities Investment
√Applicable □Non-applicable
Opening Opening Closing Closing
Gain/loss in
Company Company equity equity equity equity Closing book the reporting Equity
value (RMB Accounting title
name variety Holdings holding ratio holdings Holdings period (RMB source
Yuan)
(%) Yuan)
(share) (share) （%）
Southwest Securities Tradable
17,750,000 0.76% 35,500,000 0.76% 302,105,000 0 Initial investment
Securities Firm financial assets
Total 17,750,000 0.76% 35,500,000 0.76% 302,105,000 0
3.6 Derivative Investment
□Applicable √Not Applicable
3.7 Interviews and visits in the reporting period
√Applicable □Not Applicable
Date Manner Object Reception object Content discussed and material offered
For details, see the January 15, 2016 Shenzhen stock
exchange interactive (http://irm.cninfo.com.cn) on the
2016.1.14 On-Site Survey Institution First State Investments
Changan Automobile: January 14, 2016 investor
relations activities record sheet
For details, see the January 18, 2016 Shenzhen stock
Invesco investment、Macquarie exchange interactive (http://irm.cninfo.com.cn) on the
2016.1.15 On-Site Survey Institution
Securities Changan Automobile: January 15, 2016 investor
relations activities record sheet
For details, see the January 19, 2016 Shenzhen stock
exchange interactive (http://irm.cninfo.com.cn) on the
2016.1.18 On-Site Survey Institution Mingji Investment Company
Changan Automobile: January 18, 2016 investor
relations activities record sheet
For details, see the January 21, 2016 Shenzhen stock
CICC 、 Norway's sovereign exchange interactive (http://irm.cninfo.com.cn) on the
2016.1.20 On-Site Survey Institution
investment funds Changan automobile: January 20 2016 investor
relations activities record sheet
8
GuoTaiJunAn.、China Universal For details, see the January 25, 2016 Shenzhen stock
Asset Management 、 Ping’an exchange interactive (http://irm.cninfo.com.cn) on the
asset management 、 Xingye Changan Automobile: January 21, 2016 investor
2016.1.21 On-Site Survey Institution relations activities record sheet
Fund 、 CICC 、 Huarong
Securities、Harvest Fund、China
Securities
Guotai Junan Securities、 For details, see the February 15, 2016 Shenzhen stock
exchange interactive (http://irm.cninfo.com.cn) on the
2016.1.29 On-Site Survey Institution Western securities、Huarong Changan Automobile: January 29, 2016 investor
Securities、Tianan Insurance relations activities record sheet
Southwest Securities、Tianan For details, see the February 4, 2016 Shenzhen stock
exchange interactive (http://irm.cninfo.com.cn) on the
2016.2.3 On-Site Survey Institution Insurance、HSBC Jinxin Fund、Changan Automobile: February 3, 2016 investor
Nanfang Fund、UBS SDIC relations activities record sheet
For details, see the February 23, 2016 Shenzhen stock
Yuandian Asset Management、 exchange interactive (http://irm.cninfo.com.cn) on the
2016.2.19 On-Site Survey Institution
CITICS Changan Automobile: February 19, 2016 investor
relations activities record sheet
For details, see the February 26, 2016 Shenzhen stock
Shanghai Zhengxiang
exchange interactive (http://irm.cninfo.com.cn) on the
2016.2.24 On-Site Survey Institution investment management co.,
Changan Automobile: February 24, 2016 investor
LTD
relations activities record sheet
Zeal Asset、The Bank of China For details, see the March 1, 2016 Shenzhen stock
Asset Management 、 Yingfeng exchange interactive (http://irm.cninfo.com.cn) on the
2016.2.26 On-Site Survey Institution Investment 、 Yin Hua Fund, Changan Automobile: February 26, 2016 investor
Hong Sang Assets, ICBC Credit relations activities record sheet
Suisse, Jianan Fund, CICC,
Guoxin securities
For details, see the March 3, 2016 Shenzhen stock
Ontario Teachers' Pension Plan exchange interactive (http://irm.cninfo.com.cn) on the
2016.3.2 On-Site Survey Institution
Changan Automobile: March 2 ,2016 investor
relations activities record sheet
Xingye General Global, For details, see the March 7, 2016 Shenzhen stock
Truvalue Asset Management, exchange interactive (http://irm.cninfo.com.cn) on the
2016.3.3 On-Site Survey Institution
Fosun group, China Post Fund, Changan Automobile: March 3,2016 investor
Ping An Securities relations activities record sheet
For details, see the March 7, 2016 Shenzhen stock
Northeast Securities exchange interactive (http://irm.cninfo.com.cn) on the
2016.3.3 On-Site Survey Institution
Changan Automobile: March 3 ,2016 investor
relations activities record sheet
3.8 Illegal external guarantee
□Applicable √Not Applicable
3.9 Controlling shareholder and its related parties to the listing Corporation's non operating funds
□Applicable √Not Applicable
9
Chapter 4 Financial Statements
4.1 Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash
18,717,327,462.55 18,035,109,674.21
Notes receivable
22,871,620,405.87 22,683,096,211.46
Accounts receivable
1,269,879,426.54 875,479,556.55
Prepayments
670,045,561.03 852,071,794.54
Interest receivable
34,362,686.12 15,295,866.67
Dividend receivable
23,684,883.31 23,684,883.31
Other receivables
1,299,731,870.88 1,001,485,245.40
Inventories
8,934,950,658.28 8,129,075,131.92
Non-current assets within one year - -
Other current assets
10,476,526.96 8,909,736.44
Total current assets
53,832,079,481.54 51,624,208,100.50
Non-current assets: .
Available-for-sale financial assets
481,466,274.00 530,811,274.00
Held-to-maturity investments - -
Long-term receivables - -
Long-term equity investments
17,324,214,367.00 14,906,500,436.50
Investment properties
7,953,018.07 8,009,695.96
Fixed assets
13,630,448,037.59 13,910,237,530.81
Construction in progress
4,081,505,848.79 3,063,874,006.92
Construction materials
96,690.75 96,690.75
Liquidation of fixed assets
285,633.54 12,412.53
Intangible assets
2,974,807,190.90 2,843,331,742.67
Development expenditure
1,007,469,133.92 1,093,462,382.64
Goodwill
9,804,394.00 9,804,394.00
Long-term deferred expenses
13,931,886.95 8,028,811.27
10
Deferred tax assets
1,423,546,512.07 1,415,611,191.11
Other non-current assets - -
Total non-current assets
40,955,528,987.58 37,789,780,569.16
TOTAL ASSETS
94,787,608,469.12 89,413,988,669.66
Current liabilities:
Short-term loans
165,000,000.00 50,000,000.00
Notes payable
20,130,081,720.28 18,662,900,601.34
Accounts payable
15,768,403,475.73 14,973,826,566.55
Advances from customers
7,446,602,252.11 7,326,612,631.20
Payroll payable
1,318,753,778.01 1,499,613,879.78
Taxes payable
563,955,603.14 356,749,196.49
Interest payables
99,693,000.00 73,458,000.00
Dividend payables
79,742.80 79,742.80
Other payables
1,854,709,430.09 1,762,874,858.05
Non-current liabilities within one year - -
Other current liabilities
3,706,002,148.01 3,930,898,961.15
Total current liabilities
51,053,281,150.17 48,637,014,437.36
Non-current liabilities:
Long-term loans - -
Bonds payable
1,976,082,079.84 1,975,102,599.85
long-term payable - -
Long-term employee benefit payables
124,128,324.01 106,622,000.00
Special payables
158,587,617.76 164,121,780.05
Provisions
1,993,466,501.90 1,641,676,220.15
Deferred Revenue
2,637,398,014.38 2,666,543,408.82
Deferred tax liabilities
43,255,135.73 49,285,500.00
Other non-current liabilities - -
Total non-current liabilities
6,932,917,673.62 6,603,351,508.87
Total liabilities
57,986,198,823.79 55,240,365,946.23
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 - -
Other consolidated income
200,168,353.85 242,110,844.54
11
Special reserves
31,531,878.26 22,036,479.54
Surplus reserves
2,331,443,054.00 2,331,443,054.00
General reserve - -
Retained earnings
26,572,240,402.83 23,899,223,263.45
Equity attributable to owners
37,025,759,117.77 34,385,189,070.36
Minority interests
-224,349,472.44 -211,566,346.93
Total Owners’ equity (or Shareholders’ equity)
36,801,409,645.33 34,173,622,723.43
Liabilities and owners' equity (or shareholders' equity) in total
94,787,608,469.12 89,413,988,669.66
4.2 Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
Account Ending Balance Opening Balance
Current assets:
Cash 17,548,639,510.70 17,223,403,333.90
Notes receivable 22,543,685,684.00 22,362,236,477.47
Accounts receivable 4,043,033,087.05 3,395,349,268.28
Prepayments 528,264,820.60 671,459,087.20
Interest receivable 34,362,686.12 15,295,866.67
Dividend receivable 23,684,883.31 23,684,883.31
Other receivables 1,124,614,054.64 1,020,947,609.25
Inventories 7,946,404,860.98 7,034,843,877.19
Other current assets - -
Total current assets 53,792,689,587.40 51,747,220,403.27
Non-current assets:
Available-for-sale financial assets 481,466,274.00 530,811,274.00
Held-to-maturity investments - -
Long-term receivables - -
Long-term equity investments 18,652,354,192.33 16,234,640,261.83
Investment properties - -
Fixed assets 11,312,775,724.80 11,439,456,287.51
Construction in progress 3,659,285,774.72 2,694,046,285.96
Construction materials 96,690.75 96,690.75
Intangible assets 2,688,113,234.63 2,549,877,967.28
Development expenditure 832,576,731.17 973,680,610.53
Goodwill - -
Long-term deferred expenses 12,864,636.00 5,734,664.00
Deferred tax assets 1,361,226,868.56 1,311,976,033.85
Other non-current assets 184,595,895.00 184,595,895.00
Total non-current assets 39,185,356,021.96 35,924,915,970.71
12
TOTAL ASSETS 92,978,045,609.36 87,672,136,373.98
Current liabilities:
Short-term loans - -
Notes payable 19,369,539,995.38 17,867,862,639.24
Accounts payable 13,483,561,573.01 12,261,927,977.59
Advances from customers 7,451,588,652.06 7,244,681,597.34
Payroll payable 1,202,343,360.43 1,340,616,604.42
Taxes payable 814,980,465.98 685,518,624.02
Interest payable 99,693,000.00 73,458,000.00
Dividend payable - -
Other payables 1,440,807,318.33 1,715,127,488.12
Non-current liabilities within one year - -
Other current liabilities 3,485,869,625.35 3,751,184,504.59
Total current liabilities 47,348,383,990.54 44,940,377,435.32
Non-current liabilities:
Long-term loans
Bonds payable 1,976,082,079.84 1,975,102,599.85
Long-term payanles - -
Long-term employee benefit payables 95,439,110.72 87,565,000.00
Special payables 103,228,369.52 103,856,111.50
Provisions 1,840,497,262.03 1,610,185,432.44
Deferred Revenue 2,191,938,201.82 2,212,002,396.55
Deferred tax liabilities 41,883,750.00 49,285,500.00
Other non-current liabilities - -
Total non-current liabilities 6,249,068,773.93 6,037,997,040.34
Total liabilities 53,597,452,764.47 50,978,374,475.66
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 - -
Other consolidated income 239,835,531.91 281,190,781.91
Special reserves 19,581,432.14 12,723,372.00
Surplus reserves 2,331,443,054.00 2,331,443,054.00
General reserve 29,295,183,883.68 26,573,855,747.25
Foreign currency reserve 39,380,592,844.89 36,693,761,898.32
TOTAL LIABILITIES AND OWNERS ’
92,978,045,609.36 87,672,136,373.98
EQUITY( OR SHAREHOLDERS’ EQUITY)
13
4.3 Consolidated Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Period
I. Total operating revenue 19,337,756,565.65 18,197,185,337.09
Including: operating revenue 19,001,051,834.52 17,932,804,269.75
II. Total operating cost 19,268,801,804.42 18,110,329,632.78
Including: Operating cost 16,274,941,124.73 15,455,790,245.73
Business tax and surcharges 878,762,709.46 862,134,686.68
Operating expenses 1,245,628,687.54 904,802,167.72
General and administrative expenses 906,143,346.43 897,295,094.06
Financial expenses -43,658,323.21 -9,831,149.81
Impairment loss on assets 6,984,259.47 138,588.40
Add: Profit and loss from fair value changes (‘-‘ represent loss) - -
Investment income (‘-‘ represent loss) 2,417,713,930.50 2,321,428,518.93
Including: Investment income from associates and from joint venture 2,417,713,930.50 2,321,428,518.93
III. Operating profit (‘-’ represent loss) 2,486,668,691.73 2,408,284,223.24
Add: Non-operating income 203,122,013.22 183,195,663.93
Less: Non-operating expenses 24,603,975.77 2,920,202.20
Including: loss on disposal of non-current assets 5,969,162.67 2,328,357.86
IV. Total profit(‘-’ represent loss) 2,665,186,729.18 2,588,559,684.97
Less: Income tax expense 4,952,715.30 110,290,285.35
V. Net profit (‘-’ represent net loss) 2,660,234,013.88 2,478,269,399.62
Net profit attributable to owners 2,673,017,139.39 2,494,491,155.26
Minority interests -12,783,125.51 -16,221,755.64
VI. Earnings per share: - -
I) Basic earnings per share 2,660,234,013.88 2,478,269,399.62
II) Diluted earnings per share 2,673,017,139.39 2,494,491,155.26
VII. Other comprehensive income -12,783,125.51 -16,221,755.64
VIII. Total comprehensive income
Total comprehensive income attributable to owners 0.57 0.53
Total comprehensive income attributable to minority interest 不适用 不适用
14
4.4 Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Perid
I. Operating revenue 18,708,427,128.79 18,072,108,418.41
Less: Operating cost 15,913,768,734.07 15,567,957,070.56
Business tax and surcharges 807,178,522.27 789,943,702.12
Operating expenses 1,154,216,546.29 822,964,978.40
General and administrative expenses 752,849,402.16 758,285,096.77
Financial expenses -37,401,767.97 -6,022,146.20
Impairment loss on assets 2,278,397.46 138,588.40
Add: Profit and loss from fair value Changes (‘-’ represent loss) - -
Investment income (‘-’ represent loss) 2,419,554,705.50 2,321,428,518.93
Including: Investment income from associates and from joint venture 2,417,713,930.50 2,321,428,518.93
II. Operating profit (‘-’ represent loss) 2,535,092,000.01 2,460,269,647.29
Add: Non-operating income 190,290,365.04 161,996,478.10
Less: Non-operating expenses 20,997,835.55 2,600,739.31
Including: loss on disposal of non-current assets 2,574,926.45 2,049,321.27
III. Total profit(‘-’ represent loss) 2,704,384,529.50 2,619,665,386.08
Less: Non-operating expenses -16,943,606.93 94,405,465.58
IV. Net profit (‘-’ represent net loss) 2,721,328,136.43 2,525,259,920.50
VI. Other comprehensive income - -
VII. Total comprehensive income 2,721,328,136.43 2,525,259,920.50
V. Earnings per share:
I) Basic earnings per share 0.58 0.54
II) Diluted earnings per share 不适用 不适用
4.5 Consolidated Cash Flow Statement from the beginning of year to the end of report term.
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 20,795,370,881.16 17,381,085,430.68
Refunds of taxes 97,491,096.85 42,093,983.86
Cash received relating to other operating activities 555,567,965.52 175,255,971.54
Sub-total of cash inflows 21,448,429,943.53 17,598,435,386.08
Cash paid for goods and services 14,340,956,800.90 10,255,698,680.16
Cash paid to and on behalf of employees 2,012,301,025.20 1,705,646,117.44
Cash paid for all types of taxes 1,774,832,778.46 1,648,207,479.16
15
Cash paid relating to other operating activities 1,704,920,406.86 1,215,098,855.96
Sub-total of cash outflows 19,833,011,011.42 14,824,651,132.72
Net cash flows from operating activities 1,615,418,932.11 2,773,784,253.36
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash received from disposal of fixed assets, intangible assets and other
57,227.53 502,729.67
long-term assets
Cash received relating to other investing activities - 380,000.00
Sub-total of cash inflows 57,227.53 882,729.67
Cash paid for acquisition of fixed assets, intangible assets and other
1,046,411,208.22 531,734,753.40
long-term assets
Cash paid for acquisition of investments - 16,735.26
Cash paid relating to other investing activities - 45,000.00
Sub-total of cash outflows 1,046,411,208.22 531,796,488.66
Net cash flows from investing activities -1,046,353,980.69 -530,913,758.99
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from borrowings 115,000,000.00 60,000,000.00
Cash received relating to other financing activities 31,766,793.24 77,956,494.33
Sub-total of cash inflows 146,766,793.24 137,956,494.33
Cash repayments of borrowings - 60,000,000.00
Cash paid for distribution of dividends or profits and interest expenses 1,938,558.42 522,633.34
Cash paid relating to other financing activities 21,735,073.68 29,929,137.95
Sub-total of cash outflows 23,673,632.10 90,451,771.29
Net cash flows from financing activities 123,093,161.14 47,504,723.04
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH 91,395.34 5,095,605.89
V. NET INCREASE IN CASH AND CASH EQUIVALENTS 692,249,507.90 2,295,470,823.30
Add: Opening balance of cash and cash equivalents - -
VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT 692,249,507.90 2,295,470,823.30
4.6 Cash Flow Statement from the beginning of year to the end of report term.
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
Account Current Period Prior Perid
I. CASH FLOWS FROM OPERATING ACTIVITIES:
16
Cash received from sale of goods or rendering of services 19,763,794,780.34 16,693,919,274.93
Refunds of taxes 50,000,000.00 -
Cash received relating to other operating activities 294,545,645.18 158,127,825.48
Sub-total of cash inflows 20,108,340,425.52 16,852,047,100.41
Cash paid for goods and services 13,855,112,175.44 10,051,876,365.65
Cash paid to and on behalf of employees 1,656,501,846.98 1,427,856,381.76
Cash paid for all types of taxes 1,653,469,804.23 1,543,448,015.36
Cash paid relating to other operating activities 1,638,939,812.20 1,129,574,904.09
Sub-total of cash outflows 18,804,023,638.85 14,152,755,666.86
Net cash flows from operating activities 1,304,316,786.67 2,699,291,433.55
II. CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received from disposal of investments - -
Cash received from return on investments 1,840,775.00 -
Net cash received from disposal of fixed assets, intangible assets and other
25,227.53 70,031,309.30
long-term assets
Cash received from disposal of subsidiary and other business units - -
Cash received relating to other investing activities 50,000,000.00 -
Sub-total of cash inflows 51,866,002.53 70,031,309.30
Cash paid for acquisition of fixed assets, intangible assets and other
980,946,612.40 488,537,412.11
long-term assets
Cash paid for acquisition of investments - 16,735.26
Cash paid for acquisition of subsidiary and other business units - -
Cash paid relating to other investing activities 50,000,000.00 -
Sub-total of cash outflows 1,030,946,612.40 488,554,147.37
Net cash flows from investing activities -979,080,609.87 -418,522,838.07
III. CASH FLOWS FROM FINANCING ACTIVITIES:
Cash received from absorbing investment - -
Cash received from borrowings - -
Cash received from issuing bond - -
Cash received relating to other financing activities - -
Sub-total of cash inflows - -
Cash repayments of borrowings - -
Cash paid for distribution of dividends or profits and interest expenses - -
17
Cash paid relating to other financing activities - -
Sub-total of cash outflows - -
Net cash flows from financing activities - -
IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH - -
V. NET INCREASE IN CASH AND CASH EQUIVALENTS 325,236,176.80 2,280,768,595.48
Add: Opening balance of cash and cash equivalents
VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT 325,236,176.80 2,280,768,595.48
4.7 Auditors’Report Auditing Opinion: Unaudited
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