2016 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
2016.9.30 2015.12.31
(%)
Total asset 100,618,255,680.56 89,413,988,669.66 12.53%
Net asset attributable to the
39,047,121,146.68 34,385,189,070.36 13.56%
shareholders of the listed company
Changes of
Changes of Reporting
Reporting Period in
Jul-Sep. 2016 Jan.-Sep. 2015 Period in the same
the same Period last
Period last year （％）
year （％）
Operation total income 17,805,233,132.26 18.27% 53,606,996,053.51 11.43%
Net profit attributable to
2,248,359,745.89 35.81% 7,739,348,328.21 14.81%
shareholders of the listed company
Net profit attributable to the
shareholders of the listed company
2,224,467,585.50 43.83% 7,275,779,037.42 13.04%
after deducting of non-recurring
gain/loss
Net cash flow generated by business
- - 6,492,594,961.88 -19.28%
operation
Basic earnings per share 0.48 33.33% 1.66 14.48%
Diluted earning per share 0.48 33.33% 1.66 14.48%
Return rate on net assets 5.93% Up 0.47% 21.08% Down 2.68%
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) -6,219,432.05
The government subsidies included in the current profits and losses (except government subsidies closely
535,730,216.91
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 3,528,642.59
Subtract: Influenced amount of income tax 66,477,548.47
Influenced amount of minority shareholders’ equity (after tax) 2,992,588.19
Total 463,569,290.79
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 143,113; and A shareholders is 120,966; B shareholders is
end of report period 22,147.
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% 139,422,927
legal person share freeze
foreign legal no pledge or
GIC PRIVATE LIMITED 1.42% 66,205,633
person shares freeze
domestic non-state no pledge or
Central Huijin Investment Co., Ltd. 1.19% 55,393,100
legal person share freeze
United Prosperity Investment Co., foreign legal no pledge or
0.97% 45,195,100
Ltd. person shares freeze
VALUE PARTNERS
foreign legal no pledge or
HIGH-DIVIDEND STOCKS 0.83% 38,911,038
person shares freeze
FUNDS
National Social Security Fund- domestic non-state no pledge or
0.77% 36,009,961
Portfolio 103 legal person share freeze
National Social Security Fund- domestic non-state no pledge or
0.75% 34,999,794
Portfolio 102 legal person share freeze
HTHK-MANULIFE CHINA foreign legal no pledge or
0.66% 30,750,475
VALUE FUND person shares freeze
National Social Security Fund- domestic non-state no pledge or
0.60% 27,967,061
Portfolio 113 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. 139,422,927 RMB Common Stock 139,422,927
GIC PRIVATE LIMITED 66,205,633 domestic foreign share 66,205,633
Central Huijin Investment Co., Ltd. 55,393,100 RMB Common Stock 55,393,100
United Prosperity Investment Co., Ltd. 45,195,100 domestic foreign share 45,195,100
VALUE PARTNERS HIGH-DIVIDEND STOCKS
38,911,038 domestic foreign share 38,911,038
FUNDS
National Social Security Fund- Portfolio 103 36,009,961 RMB Common Stock 36,009,961
National Social Security Fund- Portfolio 102 34,999,794 RMB Common Stock 34,999,794
HTHK-MANULIFE CHINA VALUE FUND 30,750,475 domestic foreign share 30,750,475
National Social Security Fund- Portfolio 113 27,967,061 RMB Common Stock 27,967,061
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 United
sale tradable share holders, and between top 10 infinite Prosperity Investment Co., Ltd. belong to the concerted actor regulated by
sale tradable share holders and top 10 shareholders. “Disclosure Administration of Shares Change Information of The Listed
Company”.
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 2016 Jan. 1th 2016 Changes
1 Cash 25,102,977,486.61 18,035,109,674.21 39.19%
2 Receivables 1,518,410,066.81 875,479,556.55 73.44%
3 Interest Receivable 6,849,088.90 15,295,866.67 -55.22%
4 Investment properties 50,068,675.20 8,009,695.96 525.10%
5 Long-term deferred expenses 14,117,354.08 8,028,811.27 75.83%
6 Short-term loans 175,000,000.00 50,000,000.00 250.00%
7 Tax payables 946,844,537.21 356,749,196.49 165.41%
8 Interest payables 47,223,000.00 73,458,000.00 -35.71%
9 Account payable special funds 249,001,771.31 164,121,780.05 51.72%
10 Other Comprehensive Income 148,176,879.76 242,110,844.54 -38.80%
Income Statement Items Jan-Sep 2016 Jan-Sep 2015 Changes
11 Financial expenses -180,127,064.04 -116,457,346.01 -54.67%
12 Non-operating income 586,883,853.65 399,484,232.27 46.91%
13 Non- operating expenditure 53,845,363.46 28,740,067.59 87.35%
Cash Flow Statement Items Jan-Sep 2016 Jan-Sep 2015 Changes
Net cash flows from operating
14 6,492,594,961.88 8,043,051,911.61 -19.28%
activities
Net cash flow generated from
15 1,542,565,707.82 1,962,609,745.71 -21.40%
investing
Net cash flow generated by
16 -1,431,182,526.28 -1,271,063,006.66 -12.60%
financing
Net increase of cash and cash
17 6,595,522,593.69 8,727,338,441.08 -24.43%
equivalents
During the reporting period, the Company actively responded to the challenges of macro-economic downturn and intensified
market competition, and achieved a new high in production and operation. As of the reporting period, the Company had total assets of
100.618 billion Yuan, with an increase of 25.10% over the beginning of the year; the total liabilities of 61.798 billion Yuan, with an
increase of 11.87% over the beginning of the year; the asset-liability ratio is 61.42%, decreased by 0.36% than the beginning of the
year. In the balance sheet items, the significant increase in monetary funds over the beginning of the year was mainly due to the net
cash inflow from operating activities. The significant increase in accounts receivable from the beginning of the year was mainly due to
the increase in credit sales; The decrease in interest receivable as compared with the beginning of the year was mainly due to the
decrease in the interest receivable from time deposits. The increase in the investment real estate balance over the beginning of the year
was mainly due to the increase in overseas R & D subsidiaries. The increase in long-term deferred expenses was mainly due to the
increase in vehicle insurance premium; The increase in short-term borrowings than the beginning of the year increase attributed to
Baoding Changan and Changan special borrowings; the increase in tax payable than the beginning of the year was mainly due to the
increasing sales revenue; the decrease of other comprehensive income than was mainly due to downward changes in the fair value of
the shares held by Southwest Securities Company.
During the reporting period, due to the expansion of automobile production and sales scale of the Company, the product structure
optimization resulted in the increase of operating income and operating cost. The decrease of financial expenses was mainly due to the
increase of interest income of financial institutions. The increase of non-operating income was mainly due to the increase of
government subsidy; the large increase of non-operating expenditure was mainly due to the increase of donation expenses of the
company.
From January to September, 2016, the Company has achieved the net increase of 6.596 billion in cash and cash equivalents with a
decrease of 24.43% on year-on-year basis. The decrease in net cash flow from operating activities is mainly due to the cash paid for the
purchase of goods, the cash paid to employees and other cash paid relating to operating activities, which is greater than the increase in
sales growth; the decrease in net cash flows from investing activities is mainly affected by the increase in cash paid for the acquisition
of fixed assets, intangible assets and other long-term assets; the decrease in the net cash flows from financing activities is mainly
affected by the increase in cash paid for the distribution of dividends, profits or interest payments.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal
√Applicable □Non-applicable
On 7 March 2016, at the 42nd meeting of the 6th Board of Directors, the Company examined and approved the Proposal o
