Report for the Third Quarter of 2015 of Changchai Company, Limited
Changchai Company, Limited
Report for the Third Quarter of 2015
October 2015
Report for the Third Quarter of 2015 of Changchai Company, Limited
Section I. Important Reminders, Contents & Definition
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior
management staff of Changchai Company, Limited (hereinafter referred to as “the Company”)
warrant that this report is factual, accurate and complete without any false record, misleading
statement or material omission. And they shall be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Mr. Xue Guojun, company principal, Mr. He Jianguang, chief of the accounting work, and Mr. Jiang
He, chief of the accounting organ (chief of accounting), hereby confirm that the Financial
Statements enclosed in this report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the
two versions, the Chinese version shall prevail.
Section II. Financial Highlights & Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the
accounting policy or correction of any accounting error?
□ Yes √ No
30 Sept. 2015 31 Dec. 2014 Increase/decrease (%)
Total assets (RMB Yuan) 3,346,383,519.67 3,166,783,758.18 5.67%
Net assets attributable to
shareholders of the Company 1,970,007,385.88 1,936,936,835.27 1.71%
(RMB Yuan)
YoY increase/decrease YoY increase/decrease
Jul.-Sept. 2015 Jan.-Sept. 2015
(%) (%)
Operating revenues (RMB Yuan) 815,273,308.97 36.73% 2,175,169,209.66 12.35%
Net profit attributable to
shareholders of the Company 36,184,587.95 116.15% 73,747,987.13 44.48%
(RMB Yuan)
Net profit attributable to
shareholders of the Company after
35,546,486.10 128.87% 71,257,105.38 45.27%
extraordinary gains and losses
(RMB Yuan)
Net cash flows from operating
-- -- 95,644,083.47 ——
activities (RMB Yuan)
Basic EPS (RMB Yuan/share) 0.06 100.00% 0.13 44.44%
Report for the Third Quarter of 2015 of Changchai Company, Limited
Diluted EPS (RMB Yuan/share) 0.06 100.00% 0.13 44.44%
Weighted average ROE 1.77% 0.86% 3.78% 1.02%
Items and amounts of extraordinary gains and losses
√Applicable □Inapplicable
Unit: RMB Yuan
Item Amount as of Jan.-Sept. 2015 Note
Gains/losses on the disposal of non-current assets (including the
60,283.84
offset part of the asset impairment provisions)
Government grants recognized in the current period, except for
those acquired in the ordinary course of business or granted at
5,649,480.22
certain quotas or amounts according to the government’s unified
standards
Capital occupation charges on non-financial enterprises that
1,042,635.82
recorded into current gains and losses
Gains and losses on change in fair value from tradable financial
assets and tradable financial liabilities, as well as investment
income from disposal of tradable financial assets and tradable
834,000.00
financial liabilities and financial assets available for sales except
for effective hedging related with normal businesses of the
Company
Other non-operating income and expenses than the above -4,583,881.87
Less: Income tax effects 522,620.67
Minority interests effects (after tax) -10,984.41
Total 2,490,881.75 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item
□ Applicable √ Inapplicable
No such cases during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the
period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the
period-end
Unit: share
Total number of common shareholders at the period-end 61,219
Shareholdings of the top ten common shareholders
Report for the Third Quarter of 2015 of Changchai Company, Limited
Shareholdin Number of Pledged or frozen shares
Nature of Number of the
Name of shareholder g percentage restricted shares Status of Number of
shareholder shares held
(%) held shares shares
State-owned Assets Supervision and
Administration Commission of On behalf of
30.43% 170,845,236
Changzhou Municipal People’s the State
Government
Domestic
Huang Lihou 1.02% 5,705,000
individual
Domestic
Ye Tingshe 0.78% 4,362,300
individual
Lhasa Ruida Investment Advisory
Other 0.69% 3,890,333
Management Co., Ltd.
CHINA SECURITIES FINANCE
Other 0.59% 3,305,900
CORPORATION LIMITED
Foreign
KGI ASIA LIMITED 0.57% 3,224,845
corporation
BNP PARIBAS WEALTH
Foreign
MANAGEMENT HONG KONG 0.55% 3,099,873
corporation
BRANCH
Domestic
Chen Jinhong 0.51% 2,849,100
individual
China Everbright Bank Co., Ltd. - UBS
SDIC Innovation Power Equity Other 0.44% 2,458,000
Securities Investment Fund
Domestic
Li Min 0.34% 1,918,950
individual
Shareholdings of the top ten non-restricted common shareholders
Number of non-restricted Type of shares
Name of shareholder common shares held at
Type Number
the period-end
State-owned Assets Supervision and Administration
Commission of Changzhou Municipal People’s 170,845,236 RMB ordinary share 170,845,236
Government
Huang Lihou 5,705,000 RMB ordinary share 5,705,000
Ye Tingshe 4,362,300 RMB ordinary share 4,362,300
Lhasa Ruida Investment Advisory Management Co., Ltd. 3,890,333 RMB ordinary share 3,890,333
CHINA SECURITIES FINANCE CORPORATION
3,305,900 RMB ordinary share 3,305,900
LIMITED
Report for the Third Quarter of 2015 of Changchai Company, Limited
Domestically listed foreign
KGI ASIA LIMITED 3,224,845 3,224,845
share
BNP PARIBAS WEALTH MANAGEMENT HONG Domestically listed foreign
3,099,873 3,099,873
KONG BRANCH share
Chen Jinhong 2,849,100 RMB ordinary share 2,849,100
China Everbright Bank Co., Ltd. - UBS SDIC Innovation
2,458,000 RMB ordinary share 2,458,000
Power Equity Securities Investment Fund
Li Min 1,918,950 RMB ordinary share 1,918,950
It’s unknown whether there was any associated relationship among other
Explanation on associated relationship or persons acting shareholders of the top ten shareholders, or whether there is any
in concert among the above-mentioned shareholders action-in-concert among them regarding to Administrative Measures on
Changes in Holdings.
The shareholder, Huang Lihou hold 5,705,000 shares of the Company
through the securities ordinary account and the customer credit collateral
securities trading account with the shareholding proportion of 1.02%, of
which, owning to participating in the financing and securities loans
Explanation on the top 10 common shareholders
business during the reporting period, he hold 5,600,000 shares of the
participating in the financing and securities loans
Company through the customer credit collateral securities trading account
business (if any)
of Guotai Junan Co., Ltd. with the shareholding proportion of 1.00%. The
shareholder, Li Min hold 1,918,950 shares of the Company through the
customer credit collateral securities trading account of Guosen Securities
Co., Ltd. with the shareholding proportion of 0.34%.
Did any shareholder of the top 10 common shareholders and top 10 shareholders holding not subject to trading
moratorium the Company carries out an agreed buy-back in the reporting period?
□ Yes √ No
There was no shareholder of the top 10 common shareholders and top 10 shareholders holding not subject to
trading moratorium the Company carries out an agreed buy-back in the reporting period
2. Total number of preferred shareholders at the period-end and shareholdings of top 10 preferred
shareholders
□ Applicable √ Inapplicable
Report for the Third Quarter of 2015 of Changchai Company, Limited
Section III. Significant Events
I. Major changes in main accounting statement items and financial indicators in the reporting
period, as well as reasons for the changes
√ Applicable □ Inapplicable
(1) Accounts receivable at the period-end increased by RMB 482.5145 million from the amount at the
year-beginning, an increase of 128.90%, mainly because destocking measures such as marketing enhancement
were taken to reduce the inventories for product upgrade.
(2) Prepayments at the period-end decreased by RMB 8.4595 million from the amount at the year-beginning, a
decrease of 56.05%, mainly because we reduced the prepayments to our suppliers to control the stock.
(3) Other receivables at the period-end increased by RMB 8.8694 million from the amount at the year-beginning,
an increase of 102.39%, mainly because of the money on call from subsidiary Housheng Investment to Xuzhou
East China Foundry General Factory, etc.
(4) Inventories at the period-end decreased by RMB 244.6116 million from the amount at the year-beginning, a
decrease of 49.16%, mainly because we enhanced sales to meet customers’ needs.
(5) Payroll payable at the period-end decreased by RMB 29.7223 million from the amount at the year-beginning, a
decrease of 48.48%, mainly because the salary and bonus provisions made in the last period were partially paid in
the current period.
(6) Taxes and fares payable at the period-end increased by RMB 30.5937 million from the amount at the
year-beginning, an increase of 210.82%, mainly because the VAT payable increased as the sales income increased.
(7) Other payables at the period-end increased by RMB 95.6121 million from the amount at the year-beginning,
an increase of 48.64%, mainly because the selling concessions, discounts and allowances increased as the sales
income increased.
(8) Asset impairment losses in the reporting period increased by RMB 14.2784 million from the amount in the
same period of last year, an increase of 698.67%, mainly because ordinary bad-debt provisions increased as
accounts receivable increased.
(9) Net profits attributable to the owners of the Company in the reporting period increased by RMB 22.7041
million from the amount in the same period of last year, an increase of 44.48%, mainly because destocking
measures such as marketing enhancement were taken, resulting in a significant increase in the sales income and
profits, with a larger proportion of multi-cylinder diesel engines in the total sales income; meanwhile, the gross
profits increased as a result of the falling prices of raw and auxiliary materials as well as our excellent cost
control.
II. Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Inapplicable
Report for the Third Quarter of 2015 of Changchai Company, Limited
III. Commitments made by the Company or any shareholder with a shareholding over 5% in
the reporting period or such commitments made in previous period and carried down into the
reporting period
√ Applicable □ Inapplicable
Commitment Time of making Period of
Commitment Contents Fulfillment
maker commitment commitment
Commitment on share
reform
Commitment in the
acquisition report or the
report on equity changes
Commitments made upon
the assets reorganization
Commitments made upon
IPO or refinancing
1. Committed not to decrease the
shareholding of the stocks of “Su
Changchai A” within 6 months
since 10 Jul. 2015 and to
maintain the market stabilization
by practical action as well as to
practically protect the interests of
the investors. The
2. According to the market shareholding
State-owned situation, within the allowable increase
Assets range of the laws and regulations, commitment
Supervision and committed to contribute of had completed
Other commitments made to Administration RMB20 million for increasing the 10 Jul. 2015 to 9 the execution
