Stock Code：000625、200625 Stock abbreviation：Changan Automobile 、Changan B Bulletin No.：2019-54
Chongqing Changan Automobile Co., Ltd.Summary of 2019 Semi-Annual Report
I、Important NoticeThis summary comes from the 2019 semi-annual report. If investors want to understand the Company's operating results, financialcondition and future development plans, they should carefully read the semi-annual report published on the Shenzhen StockExchange and other sites assigned by China Securities Regulatory Commission.Statement of Objections of Directors, supervisors and senior management
□ Applicable √ Not applicable
All the directors attended the board meeting for reviewing the semi-annual report.Prompt of non-standard audit report
□ Applicable √ Not applicable
The preplan of profit distribution or reserve capitalization deliberated by the Board
□ Applicable √ Not applicable
The company doesn't have the plan of the cash dividends, the bonus shares, and the transference of the common reserve fund.The preplan profit distribution of preferred shareholdings approved by the Board
□ Applicable √ Not applicable
II、Company Profile
1. Basic Information
| Stock abbreviation | Changan Automobile 、Changan B | Stock Code | 000625、200625 | ||
| Listed on | Shenzhen Stock Exchange | ||||
| Contact Person | Secretary of the Board of Directors | Securities affairs representative | |||
| Name | Lijun | ||||
| Contact address | No. 260, East Jianxin Road, Jiangbei District, Chongqing | ||||
| TEL: | 023-67594008 | ||||
| FAX: | 023-67866055 | ||||
| E-mail address | cazqc@changan.com.cn | ||||
2. Major accounting data and financial indicators
Does the company conduct the retrospective adjustment or restatement over previous years accounting data due to changes ofaccounting policies or accounting errors?
□ Yes √ No
| Report period | Same period of last year | Increase/decrease y-o-y (%) | |
| Operating revenue (Yuan) | 29,875,780,096.84 | 35,642,832,190.04 | -16.18% |
| Net profit belonging to shareholders of the listed company (Yuan) | -2,240,039,761.11 | 1,609,606,578.84 | -239.17% |
| Net profit belonging to shareholders of the listed company after deduction of non-recurring profit and loss (Yuan) | -2,911,767,596.44 | 695,716,688.41 | -518.53% |
| Net cash flow arising from operating activities (Yuan) | 4,220,263,630.95 | 4,401,401,760.15 | -4.12% |
| Basic earnings per share (Yuan/Share) | -0.47 | 0.34 | -238.24% |
| Diluted earnings per share (Yuan/Share) | N/A | N/A | N/A |
| Return on equity (ROE) (%) | -4.97% | 3.39% | Down 8.36 points |
| Report period | Same period of last year | Increase/decrease y-o-y (%) | |
| Total assets (Yuan) | 92,648,982,677.77 | 93,488,854,098.95 | -0.90% |
| Net assets attributable to shareholder of the listed company (Yuan) | 43,972,470,820.42 | 46,244,958,676.52 | -4.91% |
3. Shareholding and shareholders of the company
Unit: one share
| At the end of the report period, the total number of shareholders | 180,066 | At the end of the report period, the total number of preferred shareholders | 0 | |||||||
| Holding more than 5% of the shareholders, or top 10 shareholders situation | ||||||||||
| Name of shareholders | Nature of Shareholders | Percentage of total shares （%） | Shares held at the year-end | Increases and decreases during the report period | Non-circulated shares held at the year-end | Circulated shares held at the year-end | Pledged/ Frozen cases | |||
| Share status | amount | |||||||||
| China South Industries Group Co., Ltd. | State-owned legal person shares | 21.56% | 1,035,312,673 | - | - | - | No pledge or freeze | |||
| China Changan Automobile Co., Ltd. | State-owned legal person shares | 19.32% | 928,044,946 | - | 139,762,403 | 788,282,543 | No pledge or freeze | |||
| China securities finance Co, Ltd | domestic general legal person shares | 4.88% | 234,265,333 | - | - | - | No pledge or freeze | |||
| United Prosperity (Hongkong) Investment Co., Limited | foreign legal person shares | 3.21% | 154,120,237 | - | - | - | No pledge or freeze | |||
| Central Huijin Investment Ltd. | domestic general legal person shares | 1.15% | 55,393,100 | - | - | - | No pledge or freeze | |||
| DRAGON BILLION SELECT MASTER FUND | foreign legal person shares | 0.85% | 40,597,114 | - | - | - | No pledge or freeze | |||
| GIC PRIVATE LIMITED | foreign legal person shares | 0.73% | 35,283,393 | -9,519,830 | - | - | No pledge or freeze | |||
| Hong Kong Central Settlement Co., Ltd. | foreign legal person shares | 0.73% | 34,925,042 | 11,276,995 | - | - | No pledge or freeze | |||
| National Social Security Fund 107 Portfolio | fund, finance products, etc. | 0.57% | 27,581,041 | 27,581,041 | - | - | No pledge or freeze | |||
| China Life Insurance Co., Ltd. - Dividend - Individual Dividend - 005L - FH002 Deep | fund, finance products, etc. | 0.57% | 27,309,067 | 27,309,067 | - | - | No pledge or freeze | |||
| Explanation on the relationship and the action alike of above shareholders | Among the top 10 shareholders, China South Industries Group Co., Ltd., the actual controller; China Changan Automobile Group Co., Ltd., the controlling shareholder, and its wholly owned subsidiary United Prosperity (Hong Kong) Investment Co., Limited. belong to the concerted actor regulated by “Disclosure Administration of Shares Change Information of The Listed Company”. | |||||||||
4. The change of the controlling shareholders and the actual controllers
During the reporting period the change of controlling shareholders
□ Applicable √ Not applicable
No changes in controlling shareholders during the reporting period.The change of the actual controllers during the reporting period
□ Applicable √ Not applicable
No changes in the actual controllers during the reporting period.
5. Total number of Preferred Shareholders and top 10 Preferred shareholders
□ Applicable √ Not applicable
There are no preferred stock shareholders during the reporting period.
6. Corporate Bonds
Is there a corporate bond that is publicly issued and listed on the stock exchange and fails to be fully paid up or not due on maturityuntil the approval of the semi-annual report ?
□ Yes √ No
III、Management Discussion and Analysis
1. Business briefing in reporting period
Does the Company need to comply with the disclosure requirements of special industry
□ Yes √ No
During the reporting period, the company's main business is the R&D, manufacturing and sale of cars, the R&D and productionof automobile engine products. Besides, the company integrates advantageous resources to actively develop travel services, newretail and so on and carry out multi-dimensional industrial layout.Changan automobile always adheres to the mission of "leading the car civilization for the benefit of human life", and theconcept of "energy conservation, environmental protection, scientific and technological intelligence", vigorously develops newenergy and smart cars, guides the automobile civilization by the use of scientific and technological innovation, and providescustomers with high quality products and services. After years of development, the company now owns many famous brands such asChangan passenger car, Oushang automobile, Kaicheng automobile, Changan Ford, Changan Mazda and so on. Up to now, thecompany has successfully launched a series of classic brands such as CS series, Eado series, Raeton series, Honor and Oushangseries; a series of famous JV products such as all new Focus, new Mondeo, Kuga, Edge, Axela, CX-5, CX-8, DS7 and so on. At thesame time, we have launched new energy vehicles such as Eado EV, new Benben EV and CS15EV, which are admired by the marketand loved by the consumers.
2. Matters related to financial reporting
(1) Explanation about the change that compared with last year's financial statements, accounting policies,accounting estimate and accounting methods
√Applicable □ Not applicable
For details, please refer to "Note 32 the Change of Important Accounting Policies and Accounting Estimates" of “Section 5 ImportantAccounting Policies and Accounting Estimates” in the "Company's 2019 Semi-annual Report.
(2) During the reporting period, big accounting errors correction and the need for retrospectiverestatement
□ Applicable √ Not applicable
During the reporting period the company did not have any tracing restatement due to the significant accounting error.
(3) Compared with last year's financial report, the explanation for the scope change of consolidated report
√ Applicable □ Not applicable
During the reporting period, the Company newly established one wholly owned subsidiaries, Chongqing Chehe Mei Technology Co.,Ltd., which is included in the consolidated statements in 2019.
Board of Directors ofChongqing Changan Automobile Co., Ltd.
31 Aug., 2019