Changchai Company, Limited Third Quarter Report 2016
CHANGCHAI COMPANY, LIMITED
THIRD QUARTER REPORT 2016
October 2016
Changchai Company, Limited Third Quarter Report 2016
Section I Important Statements
The Board of Directors, the Supervisory Committee, directors, supervisors
and senior management staff of Changchai Company, Limited (hereinafter
referred to as “the Company”) warrant that the information carried in 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.
Shi Xinkun, company principal, Zhang Xin, chief of the accounting work,
and 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.
Changchai Company, Limited Third Quarter Report 2016
Section II Financial Highlights & Shareholder Changes
I Highlights of accounting data and financial indicators
Whether the Company performs any retroactive adjustments to or restatements of its accounting data of last year
due to change in accounting policies or correction of accounting errors
□ Yes √ No
30 September 2016 31 December 2015 +/- (%)
Total assets (RMB) 3,565,066,772.23 3,232,406,102.20 10.29%
Net assets attributable to
shareholders of the Company 2,275,011,627.15 2,002,910,311.01 13.59%
(RMB)
July-September January-September
YoY +/- (%) YoY +/- (%)
2016
Operating revenues (RMB) 605,182,860.65 -25.77% 1,768,843,582.34 -18.68%
Net profit attributable to
shareholders of the Company 20,090,608.28 -44.48% 55,108,750.64 -25.27%
(RMB)
Net profit attributable to
shareholders of the Company
19,718,706.88 -44.53% 48,229,208.49 -32.32%
excluding exceptional profit
and loss (RMB)
Net cash flows from operating
-- -- 71,161,321.84 -25.60%
activities (RMB)
Basic earnings per share
0.04 -33.33% 0.10 -23.08%
(RMB/share)
Diluted earnings per share
0.04 -33.33% 0.10 -23.08%
(RMB/share)
Weighted average return on
0.95% -0.82% 2.58% -1.2%
equity
Exceptional profit and loss
√ Applicable □ Not applicable
Unit: RMB
Item January-September 2016 Note
Gains/losses on the disposal of non-current assets (including the
6,119,622.06
offset part of the asset impairment provisions)
Government grants recognized in the current period, except for
7,224,482.97
those acquired in the ordinary course of business or granted at
Changchai Company, Limited Third Quarter Report 2016
certain quotas or amounts according to the government’s unified
standards
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
1,237,244.73
financial liabilities and financial assets available for sales except
for effective hedging related with normal businesses of the
Company
Non-operating income and expense other than the above -6,147,404.55
Less: Income tax effects 1,367,290.18
Minority interests (after tax) 187,112.88
Total 6,879,542.15 --
Explanation of why the Company classified an item as exceptional profit/loss according to the definition in the
Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Exceptional Profit and Loss, or reclassified any exceptional profit/loss item given as an example in the
said explanatory announcement to recurrent profit/loss
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders and shareholdings of top 10 shareholders at the period-end
1. Total number of ordinary shareholders and preference shareholders who had resumed their voting right
& shareholdings of top 10 shareholders at the period-end
Unit: share
Total number of ordinary shareholders at the
55,425
end of the Reporting Period
Shareholdings of top 10 shareholders
Shareholdi Number of Pledged or frozen
Nature of Number of
Name of shareholder ng restricted shares shares
shareholder shares held
percentage held Status Number
State-owned Assets Supervision and
Administration Commission of On behalf of
30.43% 170,845,236
Changzhou Municipal People’s the State
Government
Bank of Communications Co.,
Ltd.-Changxin Quantified Core Other 1.03% 5,800,009
Pioneer Mixed Investment Fund
China Merchants Bank Company
Other 0.84% 4,699,919
Limited-Huitianfu Medical Service
Changchai Company, Limited Third Quarter Report 2016
Flexible Configuration Hybrid
Securities Investment Fund
Overseas
KGI ASIA LIMITED 0.59% 3,324,845
corporation
Mingsheng Tonghui Asset
Management-ICBC-Mingsheng
Other 0.58% 3,231,300
Tonghui No. 6 Juxin Asset
Management Product
BNP PARIBAS WEALTH
Overseas
MANAGEMENT HONG KONG 0.55% 3,099,873
corporation
BRANCH
Domestic
Huang Lihou 0.35% 1,949,700
individual
Domestic
Du Runsheng 0.31% 1,758,186
individual
VANGUARD TOTAL
Overseas
INTERNATIONAL STOCK 0.29% 1,626,592
corporation
INDEX FUND
Domestic
Li Min 0.29% 1,618,950
individual
Shareholdings of top 10 non-restricted shareholders
Number of non-restricted shares Type of shares
Name of shareholder
held at the period-end Type Number
State-owned Assets Supervision and
RMB ordinary
Administration Commission of Changzhou 170,845,236 170,845,236
share
Municipal People’s Government
Bank of Communications Co., Ltd.-Changxin
RMB ordinary
Quantified Core Pioneer Mixed Investment 5,800,009 5,800,009
share
Fund
China Merchants Bank Company
Limited-Huitianfu Medical Service Flexible RMB ordinary
4,699,919 4,699,919
Configuration Hybrid Securities Investment share
Fund
Domestically
KGI ASIA LIMITED 3,324,845 listed foreign 3,324,845
share
Mingsheng Tonghui Asset
RMB ordinary
Management-ICBC-Mingsheng Tonghui No. 6 3,231,300 3,231,300
share
Juxin Asset Management Product
Changchai Company, Limited Third Quarter Report 2016
Domestically
BNP PARIBAS WEALTH MANAGEMENT
3,099,873 listed foreign 3,099,873
HONG KONG BRANCH
share
RMB ordinary
Huang Lihou 1,949,700 1,949,700
share
RMB ordinary
Du Runsheng 1,758,186 1,758,186
share
Domestically
VANGUARD TOTAL INTERNATIONAL
1,626,592 listed foreign 1,626,592
STOCK INDEX FUND
share
RMB ordinary
Li Min 1,618,950 1,618,950
share
It is unknown whether there was any associated relationship among
the top ten tradable shareholders and among the top ten shareholders
Related or act-in-concert parties among the
not subject to trading moratorium, or whether they are persons acting
shareholders above
in concert as described by Measures for the Administrative of
Disclosure of Shareholder Equity Changes.
The shareholder Huang Lihou held the shares of the Company of
1,949,700 shares through the securities guarantee account of the
customer credit transactions provided by Guotai Junan Securities Co.,
Ltd., with the proportion of the share holding of 0.35%; the
shareholder Du Runsheng held the shares of the Company of
Top 10 ordinary shareholders conducting 1,758,186 shares through the securities guarantee account of the
securities margin trading customer credit transactions provided by Everbright Securties Co.,
Ltd., with the proportion of the share holding of 0.31%; the
shareholder Li Min held the shares of the Company of 1,618,950
shares through the securities guarantee account of the customer credit
transactions provided by Guosen Securities Co., Ltd., with the share
holding of 0.29%.
Did any of the top 10 ordinary shareholders or the top 10 non-restricted ordinary shareholders of the Company
conduct any promissory repo during the Reporting Period?
□ Yea √ No
No such cases in the Reporting Period.
2. Total number of preference shareholders and shareholdings of the top 10 of them at the period-end
□ Applicable √ Not applicable
Changchai Company, Limited Third Quarter Report 2016
Section III Significant Events
I Changes in main accounting statement items and financial indicators in the Reporting
Period, as well as reasons for the changes
√ Applicable □ Not applicable
(1) Notes receivable at the period-end decreased by RMB159.6052 million from the amount at the year-beginning,
a decrease of 32.02%, mainly because notes were adopted more often in settlement with customers before this
year to promote payment collection.
(2) Accounts receivable at the period-end increased by RMB377.4436 million from the amount at the
year-beginning, an increase of 122.31%, mainly because according to the characteristics in the production and
operation of the first nine months, credit sale was properly carried out to extend the market space; and the
proportion of multi-cylinder engines in the total sales increased, with most of the customers of multi-cylinder
engines being supporting manufacturers for bigger manufacturers, which means relatively long account ages for
the Company.
(3) Other accounts receivable at the period-end increased by RMB12.4013 million from the amount at the
year-beginning, an increase of 220.56%, mainly because of the temporary loans from the Company’s subsidiary
Changzhou Housheng Investment Co., Ltd. to Xuzhou East China Foundry General Factory, etc..
(4) Other current assets at the period-end decreased by RMB45.5696 million from the amount at the
year-beginning, a decrease of 75.57%, mainly because some bank wealth management products became due and
the overpaid VAT decreased.
(5) Available-for-sale financial assets at the period-end increased by RMB270.4755 million from the amount at the
year-beginning, an increase of 53.77%, mainly because the market value of the 38,000,000 shares held by the
Company in the Bank of Jiangsu increased as it went public in the period.
(6) Construction in progress at the period-end decreased by RMB39.3122 million from the amount at the
year-beginning, a decrease of 36.33%, mainly because some construction in progress turned into fixed assets.
(7) Short-term borrowings at the period-end decreased by RMB9.0000 million from the amount at the
year-beginning, a decrease of 52.94%, mainly because bank borrowings of controlled subsidiary Changchai
Wanzhou Diesel Engine Co., Ltd. decreased.
(8) Accounts received in advance at the period-end increased by RMB10.5532 million from the amount at the
year-beginning, an increase of 39.58%, mainly because advances from customers increased.
(9) Payroll payable at the period-end decreased by RMB29.6607 million from the amount at the year-beginning, a
decrease of 49.18%, mainly because the salaries and bonuses accrued before this year were partially paid in the
current period.
(10) Taxes and surtaxes payable at the period-end decreased by RMB5.9785 million from the amount at the
year-beginning, a decrease of 55.37%, mainly because some taxes and surtaxes for the current period were
provided for before this year.
(11) Return on investment in the current period decreased by RMB5.3965 million from the amount in the same
period of last year, a decrease of 60.71%, mainly because the Company received stock dividends from the Bank of
Jiangsu while there were no such events in the current period.
Changchai Company, Limited Third Quarter Report 2016
II Progress on significant events, as well as the influence and solutions
□ Applicable √ Not applicable
III Commitments of the Company, its shareholders, actual controller, acquirer, directors,
supervisors, senior management or other related parties fulfilled in the Reporting Period or
ongoing at the period-end
√ Applicable □ Not applicable
Date of Term of
Commitment Type of
Commitment Contents commitment commitm Fulfillment
maker commitment
making ent
Commitments made in
share reform
Commitments made in
acquisition documents or
shareholding alteration
documents
Commitments made in time
of asset restructuring
Commitments made in time
of IPO or refinancing
Commitments concerning
stock ownership incentive
Under the
conditions of in
future three
years
(2014-2016)
the attributable
profit (the
Changchai remaining
Other commitments made Company, Bonus profits after the Y2014-20 In normal
