2014 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 Directors absent from the meeting.
Name of the Director Reasons for the absence Name of the consignee
Zhang Baolin On Business
Lian Gang On Business
Dong Yang On Business
1.3 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.
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
2014.9.30 2013.12.31
(%)
Before Adjustment After Adjustment After Adjustment
Total asset 65,065,769,454.42 53,364,694,275.91 54,512,107,747.02 19.36%
Net asset attributable to the
23,414,786,455.60 18,778,354,427.87 18,863,616,684.11 24.13%
shareholders of the listed company
Changes of
Changes of Reporting
Reporting Period on
Jul-Sep. 2014 Jan.-Sep. 2014 Period on the same
the same Period last
Period last year （％）
year （％）
operation total income 12,544,777,769.25 48.81% 36,751,508,411.20 28.32%
Net profit attributable to
1,824,763,530.91 101.43% 5,452,856,529.84 155.23%
shareholders of the listed company
Net profit attributable to the
shareholders of the listed company
1,790,455,561.83 101.35% 5,353,432,332.82 156.36%
after deducting of non-recurring
gain/loss
Net cash flow generated by business
-- -- 4,760,340,830.36 84.86%
operation
Basic earnings per share 0.39 105.26% 1.17 154.35%
Diluted earning per share 0.39 105.26% 1.17 154.35%
Return rate on net assets 7.89% 2.30% 25.50% 11.78%
Items and amounts of extraordinary gains and losses
Project Amount
Gain/loss of non-current assets (including the write-off of assets impairment reserves) -4,472,323.57
The government subsidies included in the current profits and losses (except government subsidies closely
65,212,358.47
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
-43,588,252.13
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
55,187,888.36
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 43,167,876.30
Subtract: Influenced amount of income tax 11,779,163.34
Influenced amount of miniority shareholders equity (after tax) 4,304,187.07
Total 99,424,197.02
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 total amount of shareholders is 106,739, and A shareholder is 91,288 ,B shareholder
end of report period is 15,451.
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
National Social Security Fund- domestic non-state no pledge or
1.29% 60,014,324
Portfolio 102 legal person share freeze
VALUE PARTNERS CLASSIC foreign legal no pledge or
0.99% 46,372,107
FUND person shares freeze
Zhonghui Fortis Investment Co., foreign legal no pledge or
0.97% 45,195,100
Ltd. person shares freeze
HTHK-MANULIFE CHINA foreign legal no pledge or
0.87% 40,410,827
VALUE FUND person shares freeze
Bank of China－Dacheng Blue chip domestic non-state no pledge or
0.78% 36,303,923
securites investment fund legal person share freeze
Bank of Communications－Huaan no pledge or
domestic non-state
Strategy stock securites investment legal person share 0.77% 35,714,239 freeze
fund
DRAGON BILLION CHINA foreign legal no pledge or
0.74% 34,302,861
MASTER FUND person shares freeze
Industrial and Commercial Bank of no pledge or
domestic non-state
China－Guangfa Strategy Hybrid 0.72% 33,659,670 freeze
legal person share
securites investment fund
HSBC Global Investment Funds- foreign legal no pledge or
0.72% 33,433,626
Chinese equity person shares freeze
Top 10 Shareholder Information of Infinite Sale Condition
股份种类
股东名称 持有无限售条件股份数量
股份种类 数量
China Changan Automobile Group Co., Ltd. 1,450,236,874 RMB Common Stock 1,450,236,874
National Social Security Fund- Portfolio 102 60,014,324 RMB Common Stock 60,014,324
VALUE PARTNERS CLASSIC FUND 46,372,107 domestic foreign share 46,372,107
Zhonghui Fortis Investment Co., Ltd. 45,195,100 domestic foreign share 45,195,100
HTHK-MANULIFE CHINA VALUE FUND 40,410,827 domestic foreign share 40,410,827
Bank of China－Dacheng Blue chip securites
36,303,923 RMB Common Stock 36,303,923
investment fund
Bank of Communications－Huaan Strategy stock 35,714,239 RMB Common Stock 35,714,239
securites investment fund
DRAGON BILLION CHINA MASTER FUND 34,302,861 domestic foreign share 34,302,861
Industrial and Commercial Bank of China－Guangfa
33,659,670 RMB Common Stock 33,659,670
Strategy Hybrid securites investment fund
HSBC Global Investment Funds- Chinese equity 33,433,626 domestic foreign share 33,433,626
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 Important Matters
3.1 Significant changes in major accounting data, financial highlight and reason of these changes.
√Applicable □Not Applicable
Balance Sheet Items Sep. 30 2014 Jan. 1th 2013 Changes
1 Cash 8,260,303,395.09 4,535,825,972.55 82.11%
2 Prepayment 1,067,590,133.59 698,944,852.07 52.74%
3 Other receivables 289,812,434.26 211,810,998.81 36.83%
4 Inventory 6,576,496,245.22 4,735,051,726.57 38.89%
5 Short-term loans 298,000,000.00 1,398,000,000.00 -78.68%
6 Notes payable 13,351,489,798.62 9,577,654,675.13 39.40%
7 Accounts payable 11,007,020,162.63 7,963,798,219.72 38.21%
8 Tax payables 570,622,156.04 113,689,600.15 401.91%
Non-current liabilities due within
- 520,000,000.00 -100.00%
9 one year
10 Other current liabilities 2,498,864,380.98 1,900,629,102.12 31.48%
11 Long-term loans - 1,270,000,000.00 -100.00%
12 Provisions 1,678,076,310.79 1,117,167,286.59 50.21%
13 Retained earnings 13,529,050,750.78 8,543,591,148.40 58.35%
Income Statement Items Jan-Sep 2014 Jan-Sep 2013 Changes
14 Business tax and surcharges 1,426,977,822.94 917,782,937.50 55.48%
15 Financial expenses 97,280,409.78 74,092,526.38 31.30%
16 Impairment loss on assets 32,979,029.43 125,275,943.79 -73.67%
17 Investment income 6,000,333,310.21 3,119,847,794.75 92.33%
18 Financial expenses 5,321,486,924.82 2,030,869,553.49 162.03%
19 Operating profit 5,469,873,899.69 2,091,708,156.88 161.50%
20 Net profit 5,438,840,956.15 2,104,538,393.58 158.43%
21 Net profit attributable to owners 5,452,856,529.84 2,136,428,302.39 155.23%
Cash Flow Statement Items Jan-Sep 2014 Jan-Sep 2013 Changes
Net cash flows from operating
22 4,760,340,830.36 2,575,077,920.05 84.86%
activities
Net cash flow generated by
23 2,459,307,747.23 -258,503,291.58 1051.36%
investment
Net increase of cash and cash
24 3,794,871,113.61 1,803,426,811.39 110.43%
equivalents
Net cash flow generated by
25 -3,420,407,288.46 -512,079,352.34 -567.94%
financing
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 market shares from Chinese-owned brands. The
production, and sales growth rate of the Company kept outpacing the industry growth rate, the profit growth maintained higher than the
revenue growth, while the income growth was higher than the sales growth. As of the reporting period, the Company had total assets of
65.065 billion Yuan, with an increase of 19.36% over the beginning of the year; the total liabilities of 41.803 billion Yuan, with an
increase of 16.81% over the beginning of the year; the asset-liability ratio is 64.25%, decreased by 1.4% than the beginning of the year.
Among the items in the balance sheet, the monetary funds highly increased over the beginning of the year mainly due to the increase of
the share out bonus from JV Changan Ford Automobile; Taxes payable was higher the beginning of the year mainly due to the sales
growth; 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; The inventory increased due to the larger balance of automobile stock; accounts payable
increased significantly over the beginning of the year mainly due to the larger volume of purchase resulting from the expansion of the
production and sales scale; Development expenditure increased over the beginning of the year mainly due to the increase 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; Taxes payable was less than the beginning of the year mainly due to the final settlement of the
corporate income tax; Payable interest was less than the beginning of the year mainly due to the payment of the interest on corporate
bonds; Other receivables increased significantly over the beginning of the year due to the rising of the tax reimbursement for export;
the balance of short-term loan decreased due to the repayment of bank loans and the balance of long-term loan and the non-current
liabilities within one year decreased due to the repayment of loans; Other current liabilities increased over the beginning of the year
mainly due to the prepayment of the transportation costs caused by the increase of the production and sales; 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 joint venture.
From January to September, 2014, on account of the expansion of automobile pro
