ChongqingChanganAutomobile
CompanyLimited
2024Semi-AnnualReport
August2024
Chapter1ImportantNotice,Contents,andDefinitions
1.TheBoardofDirectors(orthe“Board”),theSupervisoryBoardaswellasthedirectors,supervisorsandseniormanagersofChongqingChanganAutomobileCo.,Ltd.herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReportanditssummary,andshallbejointlyandseverallyliableforanymisrepresentations,misleadingstatementsormaterialomissionstherein.
2.ZhuHuarong,theCompany’slegalrepresentative,ZhangDeyong,theCompany’sChiefFinancialOfficerandShiHaifeng,theperson-in-chargeoftheaccountingorganherebyguaranteethatthefinancialstatementscarriedinthisReportarefactual,accurateandcomplete.
3.Exceptthefollowingdirectors,allthedirectorshaveattendedtheboardmeetingforreviewingthisReport.
| Nameofthedirectorsabsent | Positions | Reasonsfortheabsence | NameoftheTrustees |
| WangJun | Director | Workreasons | ZhuHuarong |
4.AnyprospectivedescriptionsuchasfuturebusinessplansanddevelopmentstrategiesinthisReportshallnotbeconsideredastheCompany’scommitmenttoinvestors.Investorsandrelevantpersonsshallbesufficientlymindfulofrisks,andundertakethedifferenceinplans,predictionsandcommitment.
5.ChapterIII“ManagementDiscussionandAnalysis”ofthisReportdescribesthepossiblerisksandcountermeasuresoftheCompany,andinvestorsshallpayattentiontotherelevantcontent.
6.Forthefirsthalfof2024,theCompanyhasnoplansofcashdividend,nobonussharesandnoshareconvertedfromcapitalreserve.ThisReporthasbeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionshallprevail.
CONTENTS
Chapter1ImportantNotice,Contents,andDefinitions ...... 1
Chapter2CompanyProfileandMainFinancialIndexes ...... 4
Chapter3ManagementDiscussionandAnalysis ...... 7
Chapter4CorporateGovernance ...... 20
Chapter5EnvironmentandSocialResponsibility ...... 23
Chapter6ImportantMatters ...... 32
Chapter7ChangesintheShareholdingoftheCompanyandShareholders ...... 36
Chapter8PreferredShares ...... 40
Chapter9Bonds ...... 41
Chapter10TheFinancialStatements ...... 43
DocumentsAvailableforReferenceI.FinancialstatementscarryingthesignaturesandsealsoftheCompany’slegalrepresentative,theChiefFinancialOfficer,andtheperson-in-chargeoftheaccountingorgan.Ⅱ.Duringthereportingperiod,theoriginalcopiesofallcompanydocumentsandannouncementspubliclydisclosedbytheCompanyinChinaSecuritiesJournal,SecuritiesTimes,SecuritiesDaily,ShanghaiSecuritiesNews,andHongKongCommercialDaily.
Definitions
| Items | Definitions | |
| ChanganAuto,ChanganAutomobile,theCompany | Refersto | ChongqingChanganAutomobileCo.,Ltd. |
| ChanganFord | Refersto | ChanganFordAutomobileCo.,Ltd.,aJVoftheCompany |
| ChanganMazda | Refersto | ChanganMazdaAutomobileCo.,Ltd.,aJVoftheCompany |
| DeepalAuto | Refersto | DeepalAutomobileTechnologyCo.,Ltd.,asubsidiarycompanyoftheCompany |
| Avatr | Refersto | AvatrTechnology(Chongqing)Co.,Ltd.,anassociateoftheCompany |
| CustomerServiceCompany | Refersto | ChongqingChanganAutomobileCustomerServiceCo.,Ltd.,asubsidiarycompanyoftheCompany |
| CIC | Refersto | ChongqingChanganAutomobileInternationalSaleServiceCo.,Ltd.,asubsidiarycompanyoftheCompany |
Chapter2CompanyProfileandMainFinancialIndexes
I.BasicInformation
| Stockabbreviation | ChanganAutomobile,ChanganB | StockCode | 000625、200625 |
| Listedon | ShenzhenStockExchange | ||
| CompanyinChinesename | 重庆长安汽车股份有限公司 | ||
| CompanyabbreviationinChinesename | 长安汽车 | ||
| CompanynameinEnglish | ChongqingChanganAutomobileCompanyLimited | ||
| Legalrepresentative | ZhuHuarong | ||
II.ContactInformation
| SecretaryoftheBoardofDirectors | SecuritiesAffairsRepresentative | |
| Name | ZhangDeyong | JieZhonghua |
| Contactaddress | BuildingT2,No.2,FinancialCity,No.61DongshengmenRoad,JiangbeiDistrict,Chongqing | BuildingT2,No.2,FinancialCity,No.61DongshengmenRoad,JiangbeiDistrict,Chongqing |
| TEL | 023-67594008 | 023-67594008 |
| FAX | 023-67870261 | 023-67870261 |
| E-mailaddress | cazqc@changan.com.cn | jiezh@changan.com.cn |
III.Others
1.ContactinformationWhetherregistrationaddress,officeaddressanditspostcodeaswellaswebsiteandemailoftheCompanychangedinthereportingperiodornot
□Applicable√NotapplicableTheregistrationaddress,officeaddressandpostcodeaswellaswebsiteandemailoftheCompanydidnotchangeinthereportingperiod.SeemoredetailsinAnnualReport2023.
2.Informationdisclosureandpreparationplace
Whetherinformationdisclosureandpreparationplacechangedinreportingperiodornot
□Applicable√Notapplicable
Therearenochangesinthewebsiteofthestockexchange,mediaandotherwebsiteswheretheCompanydisclosesitssemi-annualreport,aswellasthepreparationlocationoftheCompany'ssemi-annualreportduringthereportingperiod.Fordetails,pleaserefertothe2023AnnualReport.
3.OtherrelevantinformationWhetherotherrelevantinformationchangedinthereportingperiodornot
□Applicable√Notapplicable
IV.KeyAccountingDataandFinancialIndexesDoestheCompanyneedtoretrospectivelyadjustorrestatetheaccountingdataofpreviousyears?
√Yes□NoReason:Changesinaccountingpolicies,Others
| Thereportingperiod | Thesameperiodoflastyear | YoYchange(%) | ||
| Original | Restated | Restated | ||
| Operatingrevenue(RMB) | 76,722,649,723.79 | 65,492,098,869.01 | 65,492,098,869.01 | 17.15% |
| NetprofitattributabletoshareholdersoftheCompany(RMB) | 2,831,743,111.82 | 7,652,979,346.80 | 7,652,979,346.80 | -63.00% |
| Netprofitafterdeductionofnon-recurringgainsorlossesattributabletoshareholdersoftheCompany(RMB) | 1,168,680,056.87 | 1,509,058,024.00 | 1,241,854,200.49 | -5.89% |
| Netcashflowfromoperatingactivities(RMB) | 3,435,100,740.53 | 6,955,456,713.59 | 6,955,456,713.59 | -50.61% |
| Basicearningspershare(RMB/share) | 0.29 | 0.78 | 0.78 | -62.82% |
| Dilutedearningspershare(RMB/share) | 0.28 | 0.76 | 0.76 | -63.16% |
| WeightedaverageROE(%) | 3.94% | 11.70% | 11.70% | -7.76% |
| 30June2024 | 31December2023 | YoYchange(%) | ||
| Original | Restated | Restated | ||
| Totalassets(RMB) | 187,321,694,926.71 | 190,171,127,138.27 | 190,171,127,138.27 | -1.50% |
| NetassetsattributabletoshareholdersoftheCompany(RMB) | 71,740,279,992.28 | 71,853,119,985.49 | 71,853,119,985.49 | -0.16% |
ExplanationofReasonsforAccountingPolicyChangesandOthers:
(1)TheMinistryofFinancereleasedthe"CompilationofApplicationGuidelinesforEnterpriseAccountingStandards2024"inMarch2024,whichstipulatesthatwarrantyfeesshouldbeincludedinoperatingcosts.ThecompanywillimplementthisregulationfromJanuary1st,2024,asdetailedintheannouncementonchangesinaccountingpolicies(AnnouncementNo.2024-52).
(2)DuetotheimplementationofInterpretationAnnouncementNo.1onInformationDisclosureofCompaniesthatOfferSecuritiestothePublic-NonrecurringGainsandLosses,adjustmentshavebeenmadetothenonrecurringgainsandlossesoftheinvesteeenjoyedbysharesintheinvestmentincomeaccountedforusingtheequitymethodduringcomparableperiods.
V.TheDifferencesbetweenChineseAccountingStandardsandInternationalFinancialReportingStandards
1.DifferencesinnetprofitandnetassetattributabletoshareholdersinfinancialreportdisclosedinaccordancewithInternationalFinancialReportingStandardsandChineseAccountingStandards.
□Applicable√Notapplicable
Nodifferenceduringthereportingperiod.
2.DifferencesofnetprofitandnetassetsdisclosedinfinancialreportspreparedunderOverseasFinancialReportingStandardsandChineseAccountingStandards.
□Applicable√Notapplicable
Nodifferenceduringthereportingperiod.
3.ReasonsfordifferencesinaccountingdataunderChineseAccountingStandardsandInternationalFinancialReportingStandards.
□Applicable√Notapplicable
VI.ItemsandAmountsofNon-RecurringGainsandLosses
√Applicable□Notapplicable
Unit:RMB
| Item | Amount | Illustration |
| Non-recurringitemsandamounts(includingaccruedreversalassetsimpairmentpart) | 4,959,452.69 | |
| Governmentsubsidiesincludedintheprofitandlossofthecurrentperiod(Exceptcloselyrelatedtobusinessoperations,inaccordancewiththenationalunifiedstandardquotaorquantitativeenjoymentofgovernmentsubsidies) | 1,470,786,451.16 | |
| Inadditiontotheeffectivehedgingbusinessrelatedtothenormalbusinessofthecompany,thegainsandlossesfromchangesinfairvaluearisingfromtheholdingoftradingfinancialassets,derivativefinancialassets,tradingfinancialliabilities,derivativefinancialliabilities,anddisposaloftransactionalfinancialassets,derivativefinanceInvestmentincomefromassets,tradingfinancialliabilities,derivativefinancialliabilitiesandotherdebtinvestments | -27,836,943.34 | |
| Capitaloccupationfeeschargedtonon-financialenterprisesincludedinthecurrentprofitandloss | 35,416,356.91 | |
| Reversalofimpairmentprovisionforaccountsreceivableseparatelytestedforimpairment | 8,614,937.00 | |
| Othernon-operatingincomeandexpensesotherthantheaboveitems | 27,056,373.59 | |
| Otherprofitandlossitemsthatmeetthedefinitionofnonrecurringgainsandlosses | 215,878,122.13 | |
| Subtract:Influencedamountofincometax | 37,405,904.07 | |
| Influencedamountofminorityshareholders’equity(aftertax) | 34,405,791.12 | |
| Total | 1,663,063,054.95 | -- |
Thespecificsituationofotherprofitandlossitemsthatmeetthedefinitionofnonrecurringgainsandlosses：
√Applicable□NotapplicableDuetotheimplementationofInterpretationAnnouncementNo.1onInformationDisclosureofCompaniesthatOfferSecuritiestothePublic-NonrecurringGainsandLosses,thenonrecurringgainsandlossesoftheinvestedentityenjoyedbysharesintheinvestmentincomeaccountedforbytheequitymethodarerecognized.ExplanationofwhytheCompanyreclassifiesnon-recurrentgain/lossasarecurrentgain/lossitemlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExtraordinaryGain/LossItems
□Applicable√Notapplicable
Nosuchcasesforthereportingperiod.
Chapter3ManagementDiscussionandAnalysis
I.ThemainbusinessoftheCompanyinthereportingperiod
1.Businessoverview
TheCompanyisanautomobilemanufacturingcompany,anditsmainbusinessesincludevehicleR&D,manufacturingandsales,aswellasengineR&Dandproduction.Atthesametime,theCompanyactivelydevelopsthree-electrictechnologiesrepresentedbybatteries,motorsandelectroniccontrols,intelligenttechnologiessuchassmartcockpitsandsmartdriving,aswellasnewbusinessessuchasautomotivelifeservices,newmarketing,andbatteryswapservices,andacceleratestheexplorationofindustrialfinance,usedcarsandotherfieldstobuildacompleteindustrialcomplex.
TheCompanyhasalwaysadheredtothemissionof"LeadingAutoCultureforaBetterLife",firmlypromotedChanganAutomobile's"ThirdEntrepreneurship-InnovationandEntrepreneurshipPlan",acceleratedthetransformationtoanintelligentlow-carbonmobilitytechnologycompany,andmovedtowardsaworld-classautomobilebrand.TheCompanyactivelydevelopsintelligentconnectednewenergyvehicles,andhasbuiltthreemajorbrands:theChanganBrand,DeepalAutomobile,andAvatr.Amongthem,theChanganBrandhasbuiltthreemajorbrandsequences:ChanganUni,NEVO,andChanganKaicheng,formingamatrixofdifferentiatedandindependentbrands;atthesametime,itproducesandsellsjointventurebrandmodelsthroughjointventuresChanganFordandChanganMazda.Inthefieldofinternalcombustionenginevehicles,thecompanyhaslaunchedaseriesofclassicself-brandedmodelsincludingtheCSseries,Eadoseries,andUNIseries;itsjointventureshaveanumberofwell-knownproductssuchasthenewgenerationMondeo,thenewgenerationNavigator,CX-5,andAxela.Inthefieldofnewenergy,ithascreatednewenergymodelssuchasNEVOQ05,A05andA07,DeepalSL03,G318andS07,Avatr11and12,Lumin,andChanganHunter,andiscommittedtoprovidingconsumerswithbetterproductsandserviceexperience.
Thecompanyfirmlyadherestothecoordinateddevelopmentofindependentresearchanddevelopment,andjointventurecooperation,operatesitsownautomobilebusinessessuchasChanganUni,NEVO,DeepalAutomobile,andChanganKaicheng,andfirmlybuildsindependentclassicbrands;itconductsinvestmentcontroloverjointventuressuchasChanganFordandChanganMazda,andcontinuestodeepenmutualtrustandcooperationwithpartners.
2.Industrysituation
Inthefirsthalfof2024,facingthesevereandcomplexinternationalanddomesticsituation,Chinafullyandaccuratelyimplementedthenewdevelopmentconcept,adheredtotherequirementofseekingprogresswhilemaintainingstability,acceleratedtheconstructionofanewdevelopmentpattern,focusedonpromotinghigh-qualitydevelopment,andcontinuouslystrengthenedeconomicresilience.Throughcounter-cyclicaladjustmentsofmacroeconomicpolicies,thedomesticeconomycontinuedtorecoverandimproveinthefirsthalfof2024,newqualityproductivitywascultivatedandstrengthened,growthofnewmomentumaccelerated,andpositivemarketfactorsincreased.
Inthefirsthalfoftheyear,drivenbythegrowthofnewenergyvehiclesandoverallautomobileexports,theautomobilemarketmaintainedatrendofyear-on-yeargrowth.Atthesametime,thestateintroducedaseriesofmacroeconomicpoliciessuchasconsumergoodstrade-inandautomobileforruralareastofurthertapthepotentialofautomobilespendingbyconsumers.Thespecificsituationoftheindustryduringthereportingperiodisasfollows:
Inthefirsthalfof2024,theautomobileindustrygrewinastablemanner,withatotalof14.047millionvehiclessold,markingayear-on-yearincreaseof6.1%.Intermsofmarketsegments,11.979millionpassengercarsweresoldinthefirsthalfoftheyear,ayear-on-yearincreaseof6.3%;2.068millioncommercialvehiclesweresold,ayear-on-yearincreaseof4.9%.Thenewenergyvehiclemarketcontinuestomaintainitsgrowthmomentum,with4.944millionunitssoldinthefirsthalfof2024,ayear-on-yearincreaseof32.0%.Newenergypassengercarsachievedsalesof4.702millionunits,ayear-on-yearincreaseof31.5%andaccountingfor39.2%ofthepassengercarmarket,ofwhichplug-inhybridmodelsgrewfasterthanbatteryelectricmodels.Automobileexportscontinuedtogrow,with2.793millionvehiclesexportedinthefirsthalfoftheyear,ayear-on-yearincreaseof
30.5%.Internalcombustionenginemodelsaccountedfor78.3%ofthetotalexports,andthatofplug-inhybridmodelsincreasedby
179.3%year-on-year.Theinternationalinfluenceofnewenergyvehicleshasgraduallyexpanded.Chineseautomakershaveseizedthedevelopmentopportunitiesofnewenergyvehiclesandautomobileexports,promotedelectrificationandoverseasmarketdevelopment,andfurtherimprovedmarketconcentration.
(Theabovedata/informationcomesfromthe"ChinaAutomobileIndustryProductionandSalesExpress"publishedbytheChinaAssociationofAutomobileManufacturersanditsindustryinformationrelease)
3.Enterprisemarketperformance
Inthefirsthalfof2024,facingthesevereandcomplexinternationalenvironmentandarduousreformanddevelopmenttasks,ChanganadheredtotheguidanceofXiJinpingThoughtonSocialismwithChineseCharacteristicsforaNewEra,andunswervinglypromotedthe"ThirdEntrepreneurship-InnovationandEntrepreneurshipPlan".Inthefiercecompetition,Changanmadesteadyprogressandmaintainedtheoverallstabilityofproductionandoperation.Inthefirsthalfof2024,theCompanyachievedsalesof
1.334millionvehicles,anincreaseof9.7%year-on-year,anditsmarketsharewasstableandrising;salesofnewenergyvehiclesandoverallexportsperformedwell.299,065newenergyvehiclesofourownbrandsweresold,increasingby69.9%year-on-year,andourbrandssold203,207vehiclesoverseas,anincreaseof74.9%.
Duringtheperiod,theCompanyestablishedthestrategicdirection,acceleratedtheimplementationof"TheThirdBusinessVenture—Innovation&EntrepreneurshipProgram",andfocusedonthe"ThreeMajorPlans"tostartnewbusinessandbuildnewachievements.Intermsofnewenergy,theCompanypromotedthe"MissionofShangri-La",hassecuredcoretechnologies.Itlaunchedthe"NewBlueCorePower2.0"toimprovetheintegrationofengine,motor,electroniccontrol,rangeextenderandother
innovationstocreateapowersolutionforallscenesacrosstheglobe;andtheDeepalsuperrangeextensiontechnologytofurtherincreasetheleveloftherangeextensiontechnologies;participatedintheestablishmentofajointventurecompanyforbatteryrecycling,realizingtheindustriallayoutofretiredbatteryrecycling.Intermsofintelligence,theCompanypromotedthe"DubhePlan",willfullypromotetheresearch,developmentandapplicationofintelligenttechnology.WiththeLevel-3trafficJamPilot(TJP)equippedwithSL03i,itisamongthefirstofL3-levelintelligentconnectedvehicletogoonpilotinthecountry;SDA-Sadvancedintelligentdrivingisprogressingaccordingtoplanandwillsoonbemass-producedwithChanganNEVOE07.Intermsofglobalization,theCompanyfocusedonthe"VastOceanPlan"forglobalization,andacceleratedthelocalizationeffortsoverseas..InThailand,ChanganshowroomsandservicestationshavecoveredkeyprovincessuchasBangkok.TheCompanyalsobuiltregionalwarehousesofsparepartstoeffectivelyenhanceoverseasservicecapabilities.Inthefaceoffiercemarketcompetition,theCompanyrespondedquicklyandstartedtofullyreformthemarketingsystem.Intermsofnetworks,NEVOandUNIkeepexpanding,withtheDeepalordercentercoveringover90%ofmajorbusinessdistricts,andthetransformationofAVATRnetworkshasbeenadvanced.Forpromotion,allemployeeshaveparticipatedinathree-dimensionalcommunicationmatrixtospreadtheCompany’sbrandsonmultipleplatforms.Retaildatashowsthatsalesofthethird-generationCS75PLUSrankedfirstamongcompactSUVs(ICE)fromChinesebrandsinthefirsthalfof2024,andsalesofEADOseriesmaintainedtheforefrontcompactcar(ICE)marketamongChinesebrands.Inthefirsthalfoftheyear,theCompanylaunchedanumberofnewenergymodels,suchasDeepalG318,anintelligentoff-roadSUV,salescontinuetorisesinceitslaunch;ordersofUNI-Z,thefirstmodelwiththenewBlueCorepowersystem,quicklyexceeded10,000afterlaunch;Hunter,superextendedrangepickuptruck,continuedtoleadthemarketfornewenergypickuptruck.Inthenexthalfyear,theCompanywillaccelerateproductslaunchbyreleasingNEVOE07,DeepalS05,DeepalL07,AVATR07,thefourthgenerationCS75PLUSandotherneworredesigned.
II.CoreCompetenceAnalysis
(1)Strategicmanagementcapability.TheCompanyhasbuiltastrategymanagementsystemtoimplementthecompany'sstrategythroughanintegratedsystemofprocesses,toolsandmethodologies.First,theCompanyhasstrengthenedstrategicresearchandjudgement,gainedakeeninsightintotrends,routinizeddaily,weekly,monthlyandannualreports,aswellasregularresearchandjudgementreportstoadvisetheCompany'sdecision-making.Second,dynamiciterationofstrategicplanningisensuredbyanumberofstrategicseminarsorganizedeachyear,aswellasconsensusformedonindustrytrends,strategicdirectiontoupdatetheCompany's"TheThirdBusinessVenture—Innovation&EntrepreneurshipProgram."Third,theCompanystrengthenedthebreakdownandimplementationofstrategythroughaclosed-loopmanagementbyfocusingonthekeybusinesssegmentsofthethreemajorplans,"breakingdownthebusinessstrategy,formingstrategictasks,andregularlymonitoring,correctingandevaluatingthestrategy.
(2)Culturalleadershipcapability.TheCompanyhasdeepeneditsprevailingculture,activelyfulfilleditssocialresponsibilities,anddisplayedanewcorporateimage.TheCompanyhasbeenselectedasoneofthe"ChinaESGListedCompaniesPioneer100(2024)"byvirtueofitsoutstandingperformanceinESG.TheCompanyvigorouslyboostedconfidenceininnovationandentrepreneurship,heldaconferenceonthehonoursystemandorganizedaseriesofactivitiessuchas"40YearsofCarManufacturing"tofurtherstimulatetheenthusiasmandcreativityofallemployees.TheCompanyimplementeddoublecare,carriedoutthe"EmployeeHealthCareProgramme"tocreateawarm,caringandpositiveculturalatmosphere.TheCompanywillfullyassistinruralrevitalisation,fulfilitssocialresponsibility,continuetopromoteitsmodelofassistanceasithelpedYouyangTeaOiltoimproveitsbusinessoperationsandincreasesales,disbursedCNY10.6millionintargetedassistancefundstoLuxiandYanshaninthefirsthalfoftheyear,andimprovedthequalityandeffectivenessofitsassistance.
(3)ScientificandtechnologicalR&Dcapability.TheCompanyinsistsonindependentinnovation,securingkeycoretechnologies,andcultivatingnewproductivity.Inthefieldofnewenergy,theCompanyhasbeenploughingintothecoretechnologyof"threeelectrics"andreleasedthe"NewBlueCorePower2.0",combiningplug-inhybridandrangeextension,earningitselffourtechnologicallabels:highefficiency,lowcarbon,strongpowerandquietride,aseachliterofpetroleumgenerates3.63kilowattsofelectricity.Inthefieldofintelligence,theCompanyfocusesonautonomousdriving,investsinscientificandtechnologicalresearchaswellasbreakthroughsinmanykeytechnologiessuchasintelligentdrivinglightweightNOAandlargeinteractionmodels.ItjoinedhandswithHuawei'sQianKunIntelligentDrivingSystem,lendingstrengthtothenewmodel'sintelligentdriving.TheCompanywasoneofthefirsttotestL3intelligentconnectedvehiclesinChinaandactivelyexploredthesystemdesignarchitectureof"vehicle,roadandcloudintegration"aswellasitsapplicationinvariousscenarios,whileacceleratingtheresearchanddevelopmentofautonomousdrivingtechnology.ThenewgenerationofintelligentdrivingtechnologyhaswontheTechnologyInnovationAwardatthe2024AutonomousDrivingInternationalChallenge.TheCompanywilladheretoscientificandtechnologicalinnovationtoleaddevelopmentintheautoindustry,andwidelyapplydigitaltechnologyandgreentechnologytocontinuouslyimproveproduct,serviceandinnovation.
(4)Talentorganizationcapability.TheCompanyinsistsonstrengtheningitselfwithtalentsandimprovingtheorganisationalstructuretopreservetalentandincreaseefficiency.Thetalentstructureisconstantlytransformed.TheCompanyunswervinglypromotedthehumanresourcereformthatismarket-based,professionalandcareer-oriented;itacceleratedthecultivationofcompositetalents,andbroughtseniortalentstothefieldsofmodelling,smartdriving,battery,etc.,soastosupporttheCompany'sstrategictransformation.Organisationalvitalityisconstantlystimulated.Themanagementteamisconstantlyreviewedtomakesurethecadresandtalentsweremoremarket-oriented,andthereformsystemofmerit-basedappointment;itadjustedandimprovedthefiveoverseasregionalbusinessunitsandotherorganizationstocreateorganizationsandtalentteamsthatmatchthestrategy.Theincentivemechanismhasbeenconstantlyinnovated.TheCompanyhasimprovedincentivemechanismssuchas"ProjectFollow-up"andtask-basedappointment,improvedmedium-andlong-termincentivesandmarketdelivery,andsetgoalstoboostperformance.
(5)Brandupwardcapability.TheCompanyhasbuiltavaluesystemarounditsbrandandinnovatedbrandpromotionand
communicationtohelpthebrandmoveupward.TheCompanyimprovedthevaluesystemofeachbrandunderthebrandstructureofChanganAutomobile,focusedonNEVO,sharpenedthebrandpositioning,clarifiedthebrandvalue,andhelpedtoformthebrandimageof"DigitalandIntelligentEvolutionaryNewAutomobile";andreleasedthe"NewBlueCorePower,"anewenergypowersystemforthesubsequentlaunchofnewproducts.Thenewenergypowersystem"NewBlueCorePower"wasreleasedtoprovidetechnicalempowermentforthesubsequentlaunchofnewproducts.Intermsofbrandpromotionandcommunication,NEVOE07,atransformablenewcar,wontheGoldAwardintheAdvertisingWorkCategoryofthe24thIAIAWARDSwithitscreativeadvertisement;NEVOstartedacollaborationcampaign,andNEVOadoptedthegiantpandaMangchanchan,gainingmorethan10millioncommentsandinteractionsin72hours;itchangeditscommunicationmodeandlaunchedacompany-widecampaigncalled"EveryoneisaBrandOfficer",andtookallemployeesonboardinacommunicationmatrixtoincreaseimpressionsofthebrand.Globally,ChanganAutomobilewaslistedonthe"BrandZ2024Top50ChineseGlobalisedBrands"forthefirsttime,andtheinternationalrecognitionofthecompany'sbrandisrapidlyrising.
(6)Globaldeploymentcapability.TheCompanyhasbeenfirmlycommittedtoglobaldevelopment,graspedtheopportunitiesintheoverseasmarket,andcomprehensivelypushedforwardthe"VastOceanplan".TheCompanyhasmadeprogressonitsglobaloperationsystem,andhavepushedforwardtheconstructionofourproductionfacilityinThailandanditsmarketingteaminMexicoinanorderlymanner.Throughaseriesofinitiativessuchassettingupoverseassubsidiaries,launchingnewenergybrandsandintroducingnewenergymodels,theCompanycontinuedtoexpandanddeepenthelayoutoftheglobalmarket.TheCompanysignedamemorandumofunderstandingwiththeDepartmentofValueAddedTaxofThailandandsuccessfullyobtainedapprovalforthe"EV3.5"policy;theCompanypresentedtwokeymodels,theDEEPALS7andtheNEVOA05,attheUnitedArabEmiratesExhibition,completingthedebutofthenewenergybrandintheMiddleEastregion;theDEEPALS7toppedthesaleslistofBEVsamongallbrandsavailableinThailandinApril.TheCompanyfocusedonbuildingtheoverseassystem,increasedtheallocationofoverseasresources,improvedthegloballogisticssystem,builtaglobalsupplychainwithitspartners,andacceleratedtheimplementationofthe"VastOceanplan".
III.AnalysisofMainBusiness
OverviewWhetheritisthesameasthecompany’smainbusinessdisclosureduringthereportingperiod
√Yes□No
Pleaserefertotherelevantcontentof"I.ThemainbusinessoftheCompanyinthereportingperiod"inchapter3ofthisreport.
Y-o-Ychangesinkeyfinancialdata
Unit:RMB
| Thereportingperiod | Thesameperiodoflastyear | YoYchange(%) | Reasonsforchanges | |
| Operatingrevenue | 76,722,649,723.79 | 65,492,098,869.01 | 17.15% | |
| Operatingcost | 66,134,307,155.12 | 54,790,036,298.76 | 20.70% | |
| Salesexpense | 3,077,988,414.27 | 2,280,397,591.19 | 34.98% | Mainlyduetotheincreaseinsalesvolume,theimpactofincreasedexpensesforsalesservices,transportation,warehousing,etc |
| Generalandadministrativeexpenses | 2,426,863,860.79 | 2,271,960,408.55 | 6.82% | |
| R&Dexpenses | 2,912,092,313.40 | 2,964,604,104.48 | -1.77% | |
| Financialexpenses | -549,385,364.01 | -453,268,104.89 | -21.21% | |
| Impairmentloss | -146,269,535.60 | -397,274,160.99 | 63.18% | Mainlyduetotheprovisionforimpairmentoffixedassetsandintangibleassetsinthesameperiodlastyear,whiletherewasnoprovisionforimpairmentinthisperiod |
| Investmentincome | 350,711,425.33 | 5,023,108,819.32 | -93.02% | MainlyduetotheconfirmationofinvestmentreturnsfromtheacquisitionofDeepBlueAutomotiveinthesameperiodlastyear |
| Otherincome | 1,442,510,651.32 | 657,988,649.18 | 119.23% | Mainlyduetotheadvancedmanufacturingvalue-addedtaxdeductionpolicyenjoyedinthisperiodandtheimpact |
| ofgovernmentsubsidiesreceived | ||||
| Incometaxexpense | 65,628,900.78 | 176,620,825.19 | -62.84% | |
| Subtotalofcashinflowfromoperatingactivities | 3,435,100,740.53 | 6,955,456,713.59 | -50.61% | Mainlyaffectedbyanincreaseinpaymentstosuppliers |
| Subtotalofcashinflowfrominvestmentactivities | 5,675,407,284.92 | 5,259,673,991.67 | 7.90% | |
| Netcashflowfromfinancingactivities | -3,308,164,902.30 | -566,158,268.81 | -484.32% | Mainlyduetothefactthattheequitydistributionfor2023hasbeenpaidinthisperiod,andtheimpactofunpaidequitydistributionforthesameperiodlastyear |
| Netincreaseincashandcashequivalents | 5,623,797,868.72 | 11,662,231,001.80 | -51.78% | Mainlyduetoincreasedpaymentstosuppliersandtheimpactofequitydistributionin2023 |
Majorchangesonprofitcompositionorprofitresourcesinreportingperiod
√Applicable□NotapplicableThecompany'sprofitduringthereportingperiodisgreatlyaffectedbynonrecurringgainsandlosses.Fordetails,pleasereferto“VI.NonrecurringGainsandLossesItemsandAmounts”inChapter2ofthisreport.Compositionoftheoperatingrevenue
| Thereportingperiod | Thesameperiodoflastyear | YoYchange(%) | |||
| Amount(RMB) | Proportionofoperatingrevenue（%） | Amount(RMB) | Proportionofoperatingrevenue(%) | ||
| Operatingrevenue | 76,722,649,723.79 | 100% | 65,492,098,869.01 | 100% | 17.15% |
| Byindustry | |||||
| Automotivebusiness | 76,722,649,723.79 | 100% | 65,492,098,869.01 | 100% | 17.15% |
| Byproduct | |||||
| Vehicles | 72,857,083,609.60 | 94.96% | 61,803,014,700.65 | 94.37% | 17.89% |
| Servicesandothers | 3,865,566,114.19 | 5.04% | 3,689,084,168.36 | 5.63% | 4.78% |
| Byregion | |||||
| China | 59,820,525,384.76 | 77.97% | 57,602,185,093.44 | 87.95% | 3.85% |
| Overseas | 16,902,124,339.03 | 22.03% | 7,889,913,775.57 | 12.05% | 114.22% |
Thebusiness,productsandregionsaccountingforover10%oftheCompany’soperatingrevenueoroperatingprofit
√Applicable□Notapplicable
| OperatingRevenue(RMB) | OperatingCost(RMB) | Grossmargin(%) | YoYincrease/decreaseofoperatingincome(%) | YoYincrease/decreaseofoperatingcost(%) | YoYincrease/decreaseofgrossmargin(%) | |
| Bybusiness | ||||||
| Automotivebusiness | 76,722,649,723.79 | 66,134,307,155.12 | 13.80% | 17.15% | 20.70% | -2.54% |
| Byproduct | ||||||
| Vehicles | 72,857,083,609.60 | 63,046,214,800.88 | 13.47% | 17.89% | 21.98% | -2.90% |
| Byregion | ||||||
| China | 59,820,525,384.76 | 53,779,905,917.25 | 10.10% | 3.85% | 9.70% | -4.79% |
| Overseas | 16,902,124,339.03 | 12,354,401,237.87 | 26.91% | 114.22% | 114.24% | 0.00% |
WherethestatisticalcaliberofthemainbusinessdataoftheCompanyisadjusted,thedataissubjecttothemainbusinessdataafteradjustmentaccordingtothecaliberoftheendofthereportperiodinthelatestyear.
□Applicable√NotapplicableIV.AnalysisofNon-MainBusiness
√Applicable□Notapplicable
| Amount(RMB) | Proportionofprofits(%) | Explanation | Whetheritissustainableornot | |
| Investmentincome | 350,711,425.33 | 15.17% | PleaserefertotheItem56,Note7“Investmentincome”intheInChapter10ofthisreport. | Yes |
| Profitsorlossesoffairvaluechange | -35,024,179.42 | -1.51% | No | |
| Impairmentlossesonassets | -146,269,535.60 | -6.33% | PleaserefertotheItem58,Note7“Impairmentlossesonassets”intheInChapter10ofthisreport. | No |
| Non-operatingincome | 46,291,779.69 | 2.00% | No | |
| Non-operatingexpenses | 19,101,827.75 | 0.83% | No |
V.AnalysisofAssetsandLiabilities
1.MajorChangesinAssetComposition
| 30June2024 | 31December2023 | Increase/DecreaseinProportion(%) | Descriptionofsignificantchanges | |||
| Amount(RMB) | Proportionoftotalassets(%) | Amount(RMB) | Proportionoftotalassets(%) | |||
| Monetaryfund | 70,939,136,071.24 | 37.87% | 64,871,042,747.88 | 34.11% | 3.76% | |
| Receivables | 2,989,231,105.41 | 1.60% | 2,411,796,419.07 | 1.27% | 0.33% | |
| Contractassets | 822,694,699.90 | 0.44% | 1,442,876,966.30 | 0.76% | -0.32% | |
| Inventories | 13,792,862,498.94 | 7.36% | 13,465,847,696.93 | 7.08% | 0.28% | |
| Investmentproperty | 6,082,647.70 | 0.00% | 6,196,003.48 | 0.00% | 0.00% | |
| Long-termequityinvestment | 14,109,162,499.18 | 7.53% | 13,787,391,985.47 | 7.25% | 0.28% | |
| Fixedassets | 19,515,251,831.25 | 10.42% | 19,994,084,908.14 | 10.51% | -0.09% | |
| Constructioninprogress | 2,294,576,852.63 | 1.22% | 1,914,345,359.83 | 1.01% | 0.21% | |
| Right-of-useassets | 217,698,854.98 | 0.12% | 209,480,676.04 | 0.11% | 0.01% | |
| Short-termloans | 54,056,333.40 | 0.03% | 30,039,416.74 | 0.02% | 0.01% | |
| Contractliabilities | 5,996,592,698.42 | 3.20% | 7,923,792,852.77 | 4.17% | -0.97% | |
| Long-termloans | 36,000,000.00 | 0.02% | 72,000,000.00 | 0.04% | -0.02% | |
| Leaseliabilities | 124,713,350.60 | 0.07% | 134,254,398.07 | 0.07% | 0.00% | |
2.Majoroverseasassets
□Applicable√Notapplicable
3.Assetsandliabilitiesmeasuredatfairvalue
√Applicable□Notapplicable
Unit:RMB
| Item | OpeningBalance | ChangesinFairValueGainsandLossesinCurrentPeriod | AccumulatedFairValueChangesIncludedinEquity | ProvisionforImpairmentinCurrentPeriod | AmountofPurchaseinCurrentPeriod | AmountofSalesinCurrentPeriod | OtherChanges | ClosingBalance |
| Financialassets | ||||||||
| 1.Financialassetsheldfortrading(excludingderivativefinancialassets) | 167,519,347.29 | -13,487,271.96 | 1,363,657.67 | 152,668,417.66 | ||||
| 2.Investmentsinotherequityinstruments | 504,190,082.71 | 504,190,082.71 | ||||||
| Subtotalfinancialassets | 671,709,430.00 | -13,487,271.96 | 1,363,657.67 | 656,858,500.37 | ||||
| Total | 671,709,430.00 | -13,487,271.96 | 1,363,657.67 | 656,858,500.37 | ||||
| Financialliabilities | -21,536,907.46 | 8,595,393.75 | 12,941,513.71 |
Note:Thetradingfinancialassetsandinvestmentsinotherequityinstrumentsinthetableabovearedetailedin“2.TradingFinancialAssets”and“10.InvestmentsinOtherEquityInstruments”inNote7oftheFinancialStatements.WhethertherearemajorchangesonmeasurementattributesformainassetsoftheCompanyinreportingperiod
□Yes√No
4.Propertyrightslimitsbytheendofreportperiod
Unit:RMB
| Item | BookValueattheEndofThisYear | LimitedReason |
| Monetaryfund | 1,389,380,301.41 | AcceptanceBillDeposit |
| Notesreceivable | 5,897,473,036.76 | Pledgeisusedtoissuepayablebills |
| Total | 7,286,853,338.17 |
VI.AnalysisofInvestment
1.Overallsituation
√Applicable□Notapplicable
| Investmentinthereportingperiod(RMB) | Investmentamountinthesameperiodoflastyear(RMB) | YoYChange(%) |
| 2,143,011,243.97 | 3,065,537,536.52 | -30.09% |
2.Themajorequityinvestmentobtainedinreportingperiod
□Applicable√Notapplicable
3.Theongoingmajornon-equityinvestmentinreportingperiod
□Applicable√Notapplicable
4.InvestmentofFinancialAssets
(1)Securityinvestments
√Applicable□Notapplicable
| Securitytype | Stockcode | Abbreviation | Initialinvestmentcost（RMB） | Accountingmeasurementmodel | Bookvalueatthebeginningofthereportingperiod（RMB） | Gainsandlossesfromchangesinfairvalueduringtheperiod（RMB） | Accumulatedfairvaluechangesincludedinequity（RMB） | Purchaseamountduringthereportingperiod（RMB） | Salesamountduringthereportingperiod（RMB） | Gainsandlossesofthereportingperiod（RMB） | Bookvalueattheendofthereportingperiod（RMB） | Accountingsubject | Sourceoffunds |
| Stock | 301215 | CPGSecurities | 98,999,997.80 | Fairvaluemeasurement | 160,744,733.27 | -8,076,315.61 | 0.00 | 0.00 | 0.00 | -6,096,315.66 | 152,668,417.66 | Tradingfinancialassets | Self-ownedfunds |
| Total | 98,999,997.80 | -- | 160,744,733.27 | -8,076,315.61 | 0.00 | 0.00 | 0.00 | -6,096,315.66 | 152,668,417.66 | -- | -- | ||
(2)Derivativeinvestments
√Applicable□Notapplicable
（1）Derivativeinvestmentsforhedgingpurposesduringthereportingperiod
√Applicable□Notapplicable
Unit:10,000RMB
| Investmenttypeofderivatives | Initialderivativesinvestmentamount | Initialinvestmentamount | Profitandlossfromchangesinfairvalueinthecurrentperiod | Accumulatedchangesinfairvalueincludedinequity | Amountofpurchaseinthereportingperiod | Amountofsalesinthereportingperiod | Investmentamountattheendofthereportingperiod | ProportionofinvestmentamountattheendofthereportingperiodtonetassetsoftheCompany |
| Forwardforeignexchange-USD | 91,973 | 91,973 | -2,622 | -1,903 | 35,586 | 63,921 | 63,638 | 0.89% |
| Forwardforeignexchange-JPY | - | - | -73 | -73 | 2,176 | - | 2,176 | 0.03% |
| Total | 91,973 | 91,973 | -2,695 | -1,976 | 37,762 | 63,921 | 65,814 | 0.92% |
| Explanationoftheaccountingpoliciesandspecificprinciplesofaccountingforhedgingoperationsduringthereportingperiod,aswellaswhethertherehavebeensignificantchangescomparedwiththepreviousreportingperiod | Notapplicable | |||||||
| Descriptionofactualgains/lossesduringthereportingperiod | Duringthereportingperiod,RMB639.21millionwassold,andtheactualtransactionprofitwasRMB7.19million. | |||||||
| Descriptionofhedgingeffect | ChanganAutomobileadherestotheprincipleofriskneutralityincarryingoutforwardforeignexchangesettlementandsalesbusiness,basedonnormalproductionandoperation,locksinincomeandcostthroughforwardforeignexchangetransactions,avoidstheriskofexchangeratefluctuations,reducestheuncertaintyofoperatingprofits,andensurestherealizationofannualoperatingobjectives. | |||||||
| Sourceoffunds | Self-ownedfunds | |||||||
| Riskanalysisandcontrolmeasuresforderivativesinvestmentduringthereportingperiod(includingbutnotlimitedtomarketrisk,liquidityrisk,creditrisk,operationalrisk,legalrisk,etc.) | Riskanalysis1.Marketrisk:Inthecaseoflargechangesintheexchangerate,thedifferencebetweentheexchangerateoftheforwardexchangecontractandtheactualexchangerateontheexpirationdatemaycausethecompany'sexchangeloss.2.Liquidityrisk:Duetoinaccuratepredictions,thedeliverydatesignedforforeignexchangehedgingbusinessisinconsistentwiththeactualdeliverydate,resultingininsufficientfundsavailablefordelivery,leadingtoliquidityrisksandinabilitytodeliveronschedule.3.Defaultrisk:Duetoinaccurateforecasts,thedeliverydatesignedbytheforwardexchangetransactionisinconsistentwiththeactualdeliveryperiod,resultinginthedelayeddeliveryriskcausedbythefailureoftheforwardexchangetransactiontobedeliveredattheagreedtime.4.Operationalrisk:Risksmayariseduetoinadequateinternalcontrolmechanismsandunprofessionaloperators.5.Legalrisks:Ifthetermsofthetransactioncontractarenotclear,theCompanymayfacelegalrisks.Riskcontrolmeasures1.TheCompanyanditssubsidiarieswillpayattentiontothechangesintheexchangeratemarket,strengthenthestudyofexchangerates,studythefutureexchangeratetrends,improvetheforecastingabilityofexchangerates,andreducetheimpactofexchangeratefluctuationsontheCompany.2.Inordertopreventdelayedtransactionsettlementofforwardexchange,thebusinessmanagementdepartmentsoftheCompanyanditssubsidiarieswilltracktheprogressofpaymentandcollection,avoidoverduepayments,andtrytoreducetherisktotheminimum.3.Thecompanyanditssubsidiarieshavesetupaforeignexchangeresearchteamandaforeignexchangetransactionriskcontrolteam,andestablishedaforwardforeignexchangetradingworkingmechanismforforeign | |||||||
| exchangeresearch,transactionriskcontrolandplanapproval.Thesettingofforeignexchangetradingpositionsistoseparatethefront,middleandbackofficepositionsandpersonnel,androtatethemregularly.4.TheCompanyhasformulatedthe“MeasuresfortheAdministrationofForwardExchangeTradingBusiness(Trial)”,whichclearlystipulatesthebusinessoperationprinciples,approvalauthority,internaloperationprocessesandrequirements,riskhandlingprocedures,etc.,andtheoperationmustbehandledinstrictaccordancewiththerequirementsofthemeasurements.5.Thecounterpartiesofthecompanyanditssubsidiariestocarryoutforwardforeignexchangetradingbusinessarefinancialinstitutionswithlegalqualifications,goodcreditandlong-termbusinessdealingswiththecompany,andtheriskofdefaultislow. | |
| Changesinmarketpriceorfairvalueofinvestedderivativesduringthereportingperiod(thespecificmethods,relevantassumptionsandparametersusedintheanalysisofthefairvalueshouldbedisclosed) | TheCompany’smeasurementofFinancialInstrumentsfollowsthe“AccountingStandardforBusinessEnterprisesArticle22-RecognitionandMeasurementofFinancialInstruments”,andthefairvalueisbasicallymeasuredandrecognizedwithreferencetobankpricing.Duringthereportingperiod,thegainonthechangeinfairvalueofforwardexchangecontractswasRMB-26.95million. |
| Whetheritisinvolvedinalawsuit | Notapplicable |
| Disclosuredateofderivativesinvestmentapprovalboardannouncement | February23rd,2024 |
| Disclosuredateofderivativesinvestmentapprovalshareholdersmeetingannouncement | May11th,2024 |
（2）Derivativeinvestmentforthepurposeofspeculationduringthereportingperiod
□Applicable√NotapplicableDuringthereportingperiod,therewasnoderivativeinvestmentforthepurposeofspeculation.
5.Useofraisedfunds
√Applicable□Notapplicable
(1)Overalluseofraisedfunds
√Applicable□Notapplicable
Unit:10,000RMB
| Year | Typesofraise | Totalfundsraised | Netamountofraisedfunds | Theusedamountoftotalfundsraisedinthecurrentperiod | Totalaccumulateduseoffundsraised | Thetotalamountofraisedfundswithpurposechangedinreportingperiod | Cumulativetotalamountofraisedfundswithpurposechanged | Proportionoftotalraisedfundswithpurposechanged | Thetotalamountofunusedfunds | Thepurposeandplacementoftheunusedfunds | Amountoffundsraisedidleformorethantwoyears |
| 2020 | Non-publicofferingofshares | 600,000.00 | 598,608.41 | 1,270.40 | 598,397.09 | 0 | 160,545.86 | 26.82% | 9,738.75 | Depositedinadedicatedaccountforraisedfunds | 0 |
| Total | -- | 600,000.00 | 598,608.41 | 1,270.40 | 598,397.09 | 0 | 160,545.86 | 26.82% | 9,738.75 | - | 0 |
| Descriptionoftheoveralluseofraisedfunds | |||||||||||
| 1.TheboardofdirectorsoftheCompanybelievesthattheCompanyhasdisclosedthestorageandactualuseoftheCompany’sraisedfundsinatimely,true,accurateandcompletemannerinaccordancewiththe“Self-RegulatoryGuidelinesforListedCompaniesontheShenzhenStockExchangeNo.1-StandardizedOperationofListedCompaniesontheMainBoard”andrelevantformatguidelines.Therearenoviolationsinthemanagementofraisedfunds.TheCompanyhasfaithfullyfulfilleditsobligationtodisclosetheinvestmentdirectionandprogressoftheraisedfunds.2.ThenetamountofraisedfundsafterdeductingotherissuanceexpensesisRMB5,986.08million,theactualnetamountofraisedfundsafteradjustmentisRMB6,039.30million.TheCompanyusedtheraisedfundsofRMB3,252.08million,RMB747.22million,RMB693.30million,RMB1,278.67millionandRMB12.70millionrespectivelyin2020,2021,2022,2023andthefirsthalfof2024.AsofJune30th,2024,theCompanyhasusedatotalofRMB5,983.97millionoftheraisedfunds. | |||||||||||
(2)Useoftheraisedfundsincommittedprojects
√Applicable□Notapplicable
Unit:10,000RMB
| Committedprojectsandplacementofextrafundsraised | Whethertheprojecthasbeenchanged | Totalcommittedinvestmentofraisedfunds | Adjustedtotalinvestment(1) | Amountinvestedthisyear | Cumulativeinvestmentamountasoftheendoftheperiod(2) | Investmentprogressasoftheendoftheperiod%(3)=(2)/(1) | Whethertheprojecthasreachedtheintendedusablestate | Benefitsrealizedthisyear | Whetheritmeetstheexpectedreturn | Whetherthefeasibilityoftheprojecthaschangedsignificantly |
| Committedprojects | ||||||||||
| Hseriesfifthphase,NE1seriesfirstphaseengineproductioncapacityconstructionproject | Yes | 141,568.38 | 103,313.68 | 1191.62 | 103,698.13 | 100.37% | Yes | 172,048.56 | Notapplicable | No |
| CrashLaboratoryCapacityUpgradeProject | Yes | 11,505.75 | 8,251.85 | - | 8,342.63 | 101.10% | Yes | Notapplicable | Notapplicable | No |
| CD569productionlineconstructionproject | Yes | 15,576.22 | 9,418.59 | - | 9,616.70 | 102.10% | Yes | 18,954.51 | Notapplicable | No |
| HefeiChanganAutomobileCo.,Ltd.adjustmentandupgradeproject | Yes | 249,958.06 | 142,399.78 | 78.78 | 133,980.50 | 94.09% | Yes | 21,328.40 | Notapplicable | No |
| Supplementaryworkingcapital | No | 180,000.00 | 180,000.00 | - | 180,000.00 | 100.00% | No | - | - | No |
| Newgenerationenergy-savingproducttransformationandupgradingproject | No | - | 160,545.86 | - | 162,759.13 | 101.38% | No | Notapplicable | Notapplicable | No |
| Total | 598,608.41 | 603,929.76 | 1,270.40 | 598,397.09 | 99.08% | - | - | - | - | |
| Explainthesituationandreasonsfornotreachingtheplannedscheduleandexpectedbenefits(includingthereasonsfor"whethertheexpectedbenefitshavebeenachieved"andforselecting"notapplicable") | ThecalculationperiodoftheeconomicbenefitsrealizedinthereportingperiodisfromJanuarytoJune2024,andthecalculationperiodislessthanonefullyear;Consideringtheobviousseasonalfluctuationcharacteristicsofautomobilesales.Therefore,the"whethertheexpectedbenefitshavebeenachieved"oftheprojectinthereportingperiodisnotapplicable. | |||||||||
| Descriptionofmajorchangesinthefeasibilityoftheproject | N/A | |||||||||
| Theamount,useandprogressofextraraisedfunds | Notapplicable | |||||||||
| Changeinimplementationlocationofthecommittedprojects | N/A | |||||||||
| Adjustmenttoimplementationmethodofcommittedproject | N/A | |||||||||
| Upfrontinvestmentandreplacementofcommittedprojects | OnNovember18th,2020,theNinthMeetingoftheEighthSessionoftheBoardofDirectorsoftheCompanyreviewedandapprovedthe“ProposalontheUseofRaisedFundstoReplaceEarlyInvestmentinSelf-OwnFunds”,andagreedtouseraisedfundsofRMB1,378,818,553.05toreplacepre-investedsell-raisedfundsfortheproject.ThereplacementoftheraisedfundshasbeenverifiedbytheErnst&YoungHuaMing(2020)SpecialZiNo.60662431_D05specialreportissuedbyErnst&YoungHuaMingCertifiedPublicAccountants(specialgeneralpartnership). | |||||||||
| Useofidleraisedfundsfortemporarysupplementofworkingcapital | N/A | |||||||||
| Amountandcauseofsurplusoffundsraisedforprojectimplementation | Thecompany'soriginalplanforfourfundraisingprojects,includingtheH-seriesPhaseVandNE1seriesPhaseIengineproductioncapacityconstructionproject,collisiontestinglaboratorycapacityupgradingconstructionproject,CD569productionlineconstructionproject,andHefeiChanganAutomobileCo.,Ltd.adjustmentandupgradingproject,resultedinsomesavingscomparedtothepreviousplan.Themainreasonisthatthecompanyreducedtheactualinvestmentamountthroughthelocalizationofimportedequipmentduringtheprojectimplementationprocess;Atthesametime,inordertocontinuouslyimprovethequalityofoperation,thecompanyhascontinuouslyoptimizedtheplanduringtheprojectconstructionprocessandimplementedleaninvestmentprocessmanagement,achievingcontroloverinvestmentscaleandpace.Basedonthecompany'slong-termstrategicplanningandcurrentdevelopmentneeds,andaftercomprehensiveanalysis,inordertofurtherimprovetheefficiencyoftheuseofraisedfunds,thecompanyhasadjustedtheinvestmentscaleoftheoriginalraisedfundsinvestmentprojectandallocatedtheremainingfundsofRMB1,605.46milliontothecompany'snewgenerationenergy-savingproducttransformationandupgradingproject. | |||||||||
| Thepurposeandplacementoftheunusedraisedfunds | DepositedinadedicatedaccountbytheCompanyforunusedraisedfunds. |
| Defectsandotherproblemsinutilizationanddisclosureoftheraisedfunds | N/A |
(3)Changesofprojectssupportedbyraisedfunds
√Applicable□Notapplicable
Unit:10,000RMB
| Changedproject | Thecommitmentoftheoriginalproject | Totalamountoffundstobeinvestedintheprojectafterthechange(1) | Theamountactuallyinvestedduringthereportingperiod | Actualcumulativeinvestmentamountasoftheendoftheperiod(2) | Investmentprogressasoftheendoftheperiod(%)(3)=(2)/(1) | Thedatewhentheprojectreachedtheintendedavailabilitystatus | Benefitsachievedduringthereportingperiod | Whethertheexpectedbenefitshavebeenachieved | Significantchangesinthefeasibilityoftheprojectafterthechange |
| Anewgenerationofenergy-savingproductstransformationandupgradingprojects | 1.Hseriesfifthphase,NE1seriesfirstphaseengineproductioncapacityconstructionproject2.CrashLaboratoryCapacityUpgradeConstructionProject3.CD569productionlineconstructionproject4.HefeiChanganAutomobileCo.,Ltd.adjustmentandupgradeproject | 160,545.86 | - | 162,759.13 | 101.38% | Intheyearof2024 | Notapplicable | Notapplicable | No |
| Total | -- | 160,545.86 | - | 162,759.13 | 101.38% | -- | -- | -- | -- |
| Reasonsforchange,decision-makingproceduresandinformationdisclosure(byspecificproject) | 1.Thecompany'soriginalplanforfourfundraisingprojects,includingtheH-seriesPhaseVandNE1seriesPhaseIengineproductioncapacityconstructionproject,collisiontestinglaboratorycapacityupgradingconstructionproject,CD569productionlineconstructionproject,andHefeiChanganAutomobileCo.,Ltd.adjustmentandupgradingproject,resultedinsomesavingscomparedtothepreviousplan.Themainreasonisthatthecompanyreducedtheactualinvestmentamountthroughthelocalizationofimportedequipmentduringtheprojectimplementationprocess;Atthesametime,inordertocontinuouslyimprovethequalityofoperation,thecompanyhascontinuouslyoptimizedtheplanduringtheprojectconstructionprocessandimplementedleaninvestmentprocessmanagement,achievingcontroloverinvestmentscaleandpace.Basedonthecompany'slong-termstrategicplanningandcurrentdevelopmentneeds,andaftercomprehensiveanalysis,inordertofurtherimprovetheefficiencyoftheuseofraisedfunds,thecompanyhasadjustedtheinvestmentscaleoftheoriginalraisedfundsinvestmentprojectandallocatedtheremainingfundsofRMB1,605.46milliontothecompany'snewgenerationenergy-savingproducttransformationandupgradingproject.2.Decision-makingprocedure:TheCompanyheldthe38thmeetingofthe8thBoardofDirectorsonApril26th,2022,andapprovedtheproposalof“AdjustingandChangingtheUseofPartoftheRaisedFunds”.TheproposalhasyettobesubmittedtotheCompany’sGeneralMeetingofShareholdersforconsideration.3.Informationdisclosure:Pleaserefertotheannouncementof“AdjustingandChangingtheUseofPartoftheRaisedFunds”onhttp://www.cninfo.com.cn(AnnouncementNumber:2022-23). | ||||||||
| Reasonsforfailuretomeettheplannedscheduleorprojectedbenefits(byproject) | Notapplicable | ||||||||
| Descriptionofsignificantchangesinthefeasibilityoftheprojectafterthechange | Notapplicable | ||||||||
VII.SaleofsignificantAssetsandEquity
1.Saleofsignificantassets
□Applicable√Notapplicable
2.Saleofsignificantequity
□Applicable√Notapplicable
VIII.AnalysisofMajorShareholdingandJointStockCompanies
√Applicable□NotapplicableMajorsubsidiariesandshareholdingcompaniesthathaveanimpactofmorethan10%onthecompany'snetprofit
Unit:10,000RMB
| Name | Type | Mainbusinesses | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
| ChongqingChanganAutomobileCustomerServiceCo.,Ltd. | Subsidiary | Automotivespareparts | 3,000 | 201,583 | 77,915 | 241,446 | 55,366 | 47,208 |
| DeepalAutomobileTechnologyCo.,Ltd. | Subsidiary | Produceandsellautoandparts | 32,811 | 2,336,640 | -267,540 | 1,398,138 | -74,209 | -73,861 |
| ChanganFordAutomobileCo.,Ltd. | JointStockCompany | Produceandsellautoandparts | 24,100USD | 2,695,950 | 139,871 | 2,270,745 | 181,351 | 182,115 |
| AvatrTechnology(Chongqing)Co.Ltd. | JointStockCompany | Produceandsellautoandparts | 199,497 | 1,274,627 | 70,598 | 615,167 | -139,551 | -139,547 |
| ChongqingChanganAutomobileInternationalSalesServiceCo.,Ltd. | Subsidiary | Exportsandservicesofautomobiles,components,andtechnology | 118,276 | 1,338,973 | 300,003 | 1,541,340 | 105,413 | 99,779 |
Subsidiariesacquiredandsoldinthereportingperiod
□Applicable√NotapplicableDescriptionofmajorholdingandparticipatingcompaniesDuringthereportingperiod,CustomerServiceCompanysawagradualincreaseincarsalesinrecentyears,anincreaseinterminalownership,andasynchronousincreaseincarrepair,maintenance,andrelatedaftermarketbusinesses,whichledtoanoverallincreaseinsparepartssalesandfurtherimprovedthecompany'sprofitability.Duetotheimprovementofproductstructureandthepromotionofcostreductionandefficiencyimprovement,DeepalAutomobile'sprofitlossdecreasedyear-on-year.ChanganFord'ssalesincreasedyear-on-yearduetoexportgrowthdrivenbytheLincolnbrand,whilesalesexpensesweresavedandnetprofitincreasedyear-on-year.Avatrbenefitedfromthegradualenrichmentofitsproductlineandimprovedproductefficiency,resultinginayear-on-yeardecreaseinprofitlosses.CIChaveseenayear-on-yearincreaseinprofitsduetothegrowthoftheirexportbusiness.
IX.Structuralmainbusinessunderthecompanycontrol
□Applicable√NotapplicableX.Possiblerisksandcorrespondingmeasures
1.RisksofMarketcompetitionThecompetitionintheautoindustryisbecomingincreasinglyfierce,andthecompetitivefactorsareconstantlybeingrestructured.Intermsofproductdemand,theincreasinglydiverseconsumerdemandshaveledtotheemergenceofmoresegmentedproductmarkets,andnumerouscompetingproductshaveintensifiedmarketcompetition.Intermsoftechnologicalresearchanddevelopment,withthedevelopmentofintelligentconnectednewenergyvehicles,theautomotiveindustryisfacingunprecedentedtechnologicalchangesandchallenges.Intermsofindustrialdevelopment,theindustrialpatternisacceleratingitstransformationundertheinfluenceofnewentrants,withchangesinproductsandbusinessmodels.Theautomotiveindustryisformingnewformsofcompetitionthroughintegrationwithotherindustries.Inaddition,therearestillriskssuchasrestrictionsintheindustrialsupplychain.
Countermeasures:Thecompanyfirmlyadherestothestrategicgoalsofthe"ThreeMajorPlans",acceleratesproductinnovationandtechnologicalupgrading,andpromotessustainableandhigh-qualitydevelopment.Continuouslyimprovingtheproductspectrum,coveringmultiplepowertypes,providingconsumerswithdiversifiedandallscenariotravelchoices.Acceleratetheiterationandbreakthroughsofcoretechnologiessuchasnewenergyandintelligencethroughselfresearchandjointdevelopmentoftechnology.Atthesametime,activelyintegratingintoindustrialinnovation,buildingacomplete,smooth,andsustainablenewsupplyecosystem,achievingtheintegrationoftheentireindustrychain,andreducingsupplychainrisks.
2.RisksofOverseasBusiness
GlobaltraderelationsarebecomingstrainedbyincreasingchallengesforChineseautoexports,withsomecountriesadoptingstrictertradepolicies,highertariffsandimposingnon-tariffbarriers.
Countermeasures:Changanhasformedacomprehensivedaily,weeklyandmonthlytrackingandresearchmechanismforthepolitics,economy,society,environment,regulations,etc.ofthetargetmarkets,andremained"steadyandbrave"asitmaximizedcontrolofoverseasbusinessrisks.Atthesametime,theCompanyacceleratedtransformation,seizedstrategicopportunities,comprehensivelypromotethe"VastOceanPlan"forglobalization,acceleratetheconstructionofoverseasproductionfacilities,
helpingtheindustrialchaintogooverseastoenhancetheoverallcompetitivenessinoverseasmarkets.
XI.Implementationofthe“ParallelImprovementofQualityandReturn”InitiativeWhetherthecompanyhasdisclosedtheannouncementoftheactionplanof“ParallelImprovementofQualityandReturn”.
√Yes□NoInordertoimplementtheguidingideologyof“revitalizingthecapitalmarketandboostinginvestorconfidence”proposedbythePolitburomeetingoftheCommunistPartyofChinaCentralCommittee,betterplaythe"threeroles"ofcentralenterprisesinscientificandtechnologicalinnovation,industrialcontrol,andsecuritysupport,safeguardtheinterestsofallshareholders,enhanceinvestorconfidence,andpromotethelong-termhealthyandsustainabledevelopmentofthecompany,thecompanyhasformulatedthe"Parallelimprovementofqualityandreturn"actionplan.Thespecificmeasuresincludefirmlyguidingthestrategytoacceleratethetransformationintoanintelligentlow-carbontraveltechnologycompany,improvingthestandardoperationlevelofcorporategovernance,strengtheninginformationdisclosuretoenhancetransparency,andvaluingshareholderreturnstoimproveinvestorsatisfaction.Fordetails,pleaserefertotheAnnouncementon“theActionPlanforParallelImprovementofQualityandReturn”(AnnouncementNo.2024-13)disclosedbythecompanyonJuchaoInformationNetwork(www.cninfo.com.cn)onMarch7,2024.Inaddition,onApril18,2024,theCompanydisclosedtheAnnouncementon"theProgressoftheActionPlanforParallelImprovementofQualityandReturn"(AnnouncementNo.2024-26).
Duringthereportingperiod,thecompanyactivelytookpracticalandeffectivemeasurestocontinuouslyimprovethequalityofoperationsandpromotehigh-qualitydevelopmentofthecompanyinallaspects.Firstly,wewillsteadfastlypromotetheimprovementofbusinessquality,focusingonmultipleaspectssuchasincreasingincome,reducingcosts,improvingefficiency,andenhancingoperationalcashflow,continuousimprovementinbusinessquality.Secondly,wevigorouslyimplementthe"Nirvana"actiontoimprovethecostofnewenergyproducts,continuouslycreateclassicnewenergyproducts,improvetheprofitabilityofnewenergyproducts,andenhancemarketcompetitiveness.Thirdly,wepromotestrictthriftandeliminatewaste,createtheawarenessthateveryoneisabusinessoperator,promotetheexcellentstyleofhardwork,diligenceandthrift,continuouslyimprovethequalityofthecompany'soperationandmanagementlevel,andassistintheimprovementofthecompany'soperationquality.
Thecompanyrespectsshareholdersandrespectsinvestors,andactivelymaintainsapositiverelationshipbetweenthecompanyandinvestorsbyestablishingamulti-levelpositiveinteractionmechanism.Firstly,weenhanceinvestors'understandingandrecognitionofthecompany'simportantstrategicareassuchasoverseasandnewenergythroughvariousinteractiveexchangessuchasinstitutionalstrategymeetings,on-sitereceptions,visitsandresearch,andconferencecalls.Secondly,throughourcompany'smajorbrandevents,weorganizeinvestorstoconductspecialexchanges,testdrives,andexperienceactivities,whichhelpsinvestorsunderstandthelong-terminvestmentvalueofthecompany.Thirdly,weholdperformancebriefingmeetingsregularly,the2023annualperformancebriefinghasfullybroadcastedusingdigitaltechnology,showcasedthesteadyprogressofthecompany'stransformationanddevelopment,aswellastheimprovementofbusinessqualityandotheroperationalhighlights,effectivelyconveyingthecompany'svalue.Thecompanywillholda2024semiannualperformancebriefingonSeptember2ndfrom3:00pmto4:00pmthroughthe"PanoramicRoadshow".Welcomeinvestorstoactivelyparticipate.
XII.ReceptionResearch,Communication,InterviewsandOtherActivitiesduringtheReportingPeriod
| Date | Receptionplace | ResearchType | TypeofResearchObject | Index |
| February2nd,2024 | Chongqing | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonFebruary2nd,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onFebruary2nd,2024 |
| February22nd,2024 | Chongqing | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonFebruary22nd,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onFebruary22nd,2024 |
| March14th,2024 | Chongqing | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonMarch14th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onMarch14th,2024 |
| March15th,2024 | Chongqing | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonMarch15th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onMarch15th,2024 |
| April19th,2024 | ChongqingandOnline | FieldresearchandOnlinecommunication | Allinvestors | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonApril19th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onApril19th,2024 |
| May9th,2024 | Chongqing | Fieldresearch | Institution |
Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonMay9th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onMay9th,2024
| May16th,2024 | Chongqing | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonMay16th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onMay16th,2024 |
| May30th,2024 | Chongqing | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonMay30th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onMay30th,2024 |
| June5th,2024 | Chongqing | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonJune5th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onJune5th,2024 |
| June7th,2024 | Thailand | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonJune7th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onJune7th,2024 |
| June19th,2024 | Chongqing | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonJune19th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onJune19th,2024 |
| June20th,2024 | Chongqing | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonJune20th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onJune20th,2024 |
| June27th,2024 | Chongqing | Fieldresearch | Institution | Fordetails,pleaserefertothe"ChanganAutomobile:RecordofInvestorRelationsActivitiesonJune27th,2024"publishedontheShenzhenStockExchangeInteractiveEasyPlatform(http://irm.cninfo.com.cn)onJune27th,2024 |
Chapter4CorporateGovernance
I.AnnualShareholdersMeetingandExtraordinaryGeneralMeetingduringtheReportingPeriod
1.Shareholdersmeetingduringthereportingperiod
| MeetingSession | Type | Investors’participationRatio | OpeningTime | DisclosureTime | MeetingDecision |
| 2024TheFirstExtraordinaryGeneralMeeting | EGM | 41.201% | January5th,2024 | January6th,2024 | http//www.cninfo.com.cn2024TheFirstExtraordinaryGeneralMeetingResolutionAnnouncement(AnnouncementNumber:2024-01) |
| 2024TheSecondExtraordinaryGeneralMeeting | EGM | 41.254% | January30th,2024 | January31st,2024 | http//www.cninfo.com.cn2024TheSecondExtraordinaryGeneralMeetingResolutionAnnouncement(AnnouncementNumber:2024-05) |
| 2023AnnualShareholdersMeeting | Annual | 48.395% | May10th,2024 | May11th,2024 | http//www.cninfo.com.cn2023AnnualShareholdersMeetingResolutionAnnouncement(AnnouncementNumber:2024-32) |
2.Theshareholdersofpreferredshareswithvotingrightrestoredrequesttoconveneanextraordinarygeneralmeeting
□Applicable√Notapplicable
II.DepartureandHiringinformationofthedirectors,supervisorsandseniormanager
√Available□Notavailable
| Name | Position | Type | Date | Reason |
| ShiYaoxiang | Director | Elected | January30th,2024 | Appointment |
| LiJun | SecretaryoftheBoardofDirectors | DismissalfromEmployment | July12th,2024 | Retirement |
| ChenWei | ExecutiveVicePresident,GeneralCounsel | DismissalfromEmployment | August15th,2024 | Jobchange |
III.PreplanforCompanycommonstockprofitdistributionandcapitalreservesconvertingintosharecapitalinthereportingperiod
□Applicable√Notapplicable
Thecompanyplansnottodistributecashdividends,nottosendbonusshares,nottoincreaseequitybyprovidentfundinthefirsthalfoftheyear.IV.Implementationofcompanyequityincentiveplans,employeestockincentiveplansorotherincentivemeasures
√Applicable□Notapplicable
1.Equityincentive
OnJuly13th,2020,the2ndmeetingofthe8thSessionofBoardofDirectorsandthe2ndmeetingofthe8thSessionofBoardofSupervisorsreviewedandapprovedproposalssuchas“Proposalon<TheCompany’sA-ShareRestrictedStockIncentivePlan(Draft)>anditsSummary”and“Proposalon<TheCompany'sA-ShareRestrictedStockIncentivePlanImplementationAssessmentManagementMeasures>”.Theindependentdirectorsexpressedtheirindependentagreementontheincentiveplan.
OnFebruary1st,2021,the11thmeetingofthe8thSessionofBoardofDirectorsandthe7thmeetingofthe8thSessionofBoardofSupervisorsreviewedandapprovedproposalssuchas“Proposalon<TheCompany'sA-ShareRestrictedStockIncentivePlan(RevisedDraft)>anditsSummary”and“Proposalon<TheCompany'sA-ShareRestrictedStockIncentivePlanImplementationAssessmentManagementMeasures>(Revision)”.Theindependentdirectorsexpressedtheirindependentagreementontheincentiveplanrevision.
OnFebruary18th,2021,thecompanyheldthefirstextraordinarygeneralmeetingin2021,andreviewedandapprovedproposalssuchas“Proposalon<TheCompany'sA-ShareRestrictedStockIncentivePlan(RevisedDraft)>anditsSummary”,“Proposalon<TheCompany'sA-ShareRestrictedStockIncentivePlanImplementationAssessmentManagementMeasures(Revision)>”and“ProposalonGeneralMeetingGrantingFullAuthoritytotheBoardofDirectorstoHandleMattersRelatedtoEquityIncentives”.
OnFebruary22nd,2021,thecompanyheldthetwelfthmeetingoftheSessionofBoardofDirectorsandthe8thmeetingoftheSessionofBoardofSupervisors,whichreviewedandapprovedproposalssuchas“ProposalonAdjustingtheListofIncentiveObjectsandIncentiveQuantityoftheA-ShareRestrictedStockIncentivePlanunderInitialGranting”and"”ProposalonGrantingRestrictedStocksfortheFirstTimetoIncentiveObjectsofA-ShareRestrictedStockIncentivePlan”.Theindependentdirectorsexpressedtheirindependentagreement.
OnMarch3rd,2021,thecompanycompletedtheregistrationofrestrictedstocksanddisclosedthe“AnnouncementontheCompletionoftheRegistrationoftheInitialGrantingoftheA-ShareRestrictedStockIncentivePlan”.1,247peoplewereactuallygrantedwith76,195,400restrictedshares.ThelistingdateofrestrictedshareswasMarch5,2021.
OnAugust30th,2021,thecompanyheldthe25thmeetingofthe8thSessionofBoardofDirectorsandthe12thmeetingofthe8thSessionofBoardofSupervisors,whichreviewedandapprovedthe“ProposalonAdjustingtheRepurchasePriceofA-ShareRestrictedStockIncentivePlan”and“ProposalonRepurchaseandCancellationofCertainRestrictedSharesGrantedtoIncentiveObjectsbutstillwithSalesRestriction”.Theindependentdirectorsexpressedindependentagreement.
OnSeptember17th,2021,thecompanyheldthesecondextraordinarygeneralmeetingin2021,andreviewedandapprovedthe“ProposalonRepurchaseandCancellationofCertainRestrictedSharesGrantedtoIncentiveObjectsbutstillwithSalesRestriction”.
OnNovember19th,2021,thecompanyheldthe29thmeetingofthe8thSessionofBoardofDirectorsandthe15thmeetingofthe8thSessionofBoardofSupervisors,andreviewedandapprovedthe“ProposalonAdjustingtheAmountofReservedA-ShareRestrictedStockIncentivePlan”and“ProposalonGrantingReservedRestrictedStockstotheIncentiveObjectsoftheA-ShareRestrictedStockIncentivePlan”.Theindependentexpressedindependentagreement.
OnDecember21th,2021,thecompanyhascompletedtherepurchaseandcancellationofatotalof1.036millionrestrictedsharesthathadbeengrantedtosomeoftheoriginalincentiverecipientsbuthavenotyetbeenreleased.
OnDecember30th,2021,thecompanycompletedtheregistrationofthereservedrestrictedstockanddisclosedthe“AnnouncementontheCompletionoftheGrantoftheReservedA-ShareRestrictedStockoftheIncentivePlan”;356peopleweregrantedwith17,761,200reservedrestrictedstocks.ThelistingdateofreservedrestrictedstockswasDecember31th,2021.
OnAugust2nd,2022,thecompanyheldthe43rdmeetingofthe8thBoardofDirectorsandthe18thmeetingofthe8thBoardofSupervisors,andreviewedandapprovedtheProposalonAdjustingtheRepurchasePriceofA-shareRestrictedStockIncentivePlanandRepurchasingandCancellingSomeRestrictedStocks.Theindependentdirectorsofthecompanyhaveexpressedindependentopinionsthattheyagreewith.
OnAugust18th,2022,thecompanyheldthethirdextraordinarygeneralmeetingofshareholdersin2022,andreviewedandapprovedtheProposalonAdjustingtheRepurchasePriceoftheA-shareRestrictedStockIncentivePlanandRepurchaseandCancellationofSomeRestrictedStocks.
OnFebruary17th,2023,thecompanyheldthe52ndmeetingofthe8thBoardofDirectorsandthe21stmeetingofthe8thBoardofSupervisors,andreviewedandapprovedtheProposalontheAchievementsoftheFirstReleaseofRestrictionConditionsduringtheFirstGrantPeriodoftheA-shareRestrictedStockIncentivePlan.Theindependentdirectorsofthecompanyhaveexpressedindependentopinionsthattheyagreewith.
OnMarch3rd,2023,thecompanydisclosedthe"IndicativeAnnouncementontheReleaseofRestrictedSharesfromListingandCirculationduringtheFirstReleasePeriodoftheFirstGrantPartoftheA-shareRestrictedStockIncentivePlan",andthedateofreleaseofrestrictedsharesfromlistingandcirculationwasMarch6th,2023.
OnJune20th,2023,thecompanyhascompletedtherepurchaseandcancellationofatotalof2.476millionrestrictedsharesthathadbeengrantedtosomeoftheoriginalincentiverecipientsbuthavenotyetbeenreleased.
OnJuly27th,2023,thecompanyheldthe1stmeetingofthe9thBoardofDirectorsandthe1stmeetingofthe9thBoardofSupervisors,andreviewedandapprovedtheProposalonAmendingtheCompany'sA-shareRestrictedStockIncentivePlan.Theindependentdirectorsofthecompanyissuedaconcurringindependentopinion.
OnAugust30th,2023,thecompanyheldthe3rdmeetingofthe9thBoardofDirectorsandthe2ndmeetingofthe9thBoardofSupervisors,andreviewedandapprovedthe"ProposalonAdjustingtheRepurchasePriceoftheA-shareRestrictedStockIncentivePlanandRepurchasingandCancelingPartoftheRestrictedShares".Theindependentdirectorsofthecompanyissuedaconcurringindependentopinion.
OnSeptember15th,2023,thecompanyheldthesecondextraordinarygeneralmeetingofshareholdersin2023,andreviewed
andapprovedthe"ProposalonAmendingtheCompany'sA-shareRestrictedStockIncentivePlan"and"ProposalonAdjustingtheRepurchasePriceoftheA-shareRestrictedStockIncentivePlanandRepurchasingandCancelingPartoftheRestrictedShares".OnDecember5th,2023,thecompanyhascompletedtherepurchaseandcancellationofatotalof2.034millionrestrictedsharesthathadbeengrantedtosomeoftheoriginalincentiverecipientsbuthavenotyetbeenreleased.OnDecember8th,2023,thecompanyheldthe12thmeetingofthe9thBoardofDirectorsandthe4thmeetingofthe9thBoardofSupervisors,andreviewedandapprovedthe"ProposalontheAchievementoftheLiftingoftheRestrictedStockRestrictionConditionsoftheA-shareRestrictedStockIncentivePlan".Thecompany'sNominationandRemunerationCommitteeissuedaconcurringopinion.
OnDecember27th,2023,thecompanydisclosedthe"IndicativeAnnouncementontheLiftingoftheListingandCirculationofRestrictedSharesundertheA-shareRestrictedStockIncentivePlan",andthedateofreleaseofrestrictedsharesfromlistingandcirculationwasJanuary2th,2024.
OnFebruary22nd,2024,thecompanyheldthe17thmeetingofthe9thBoardofDirectorsandthe5thmeetingofthe9thBoardofSupervisors,andreviewedandapprovedthe"ProposalontheAchievementoftheLiftingoftheRestrictionConditionsduringtheSecondLiftingPeriodoftheA-shareRestrictedStockIncentivePlan".Thecompany'sNominationandRemunerationCommitteeissuedaconcurringopinion.
OnMarch2nd,2024,thecompanydisclosedthe"IndicativeAnnouncementontheReleaseofRestrictedSharesfromListingandCirculationduringtheFirstReleasePeriodoftheSecondGrantPartoftheA-shareRestrictedStockIncentivePlan",andthedateofreleaseofrestrictedsharesfromlistingandcirculationwasMarch5th,2024.
OnAugust30th,2024,theCompanyheldthe26thmeetingofthe9thBoardofDirectorsandthe8thmeetingofthe9thBoardofSupervisors,andreviewedandapprovedthe"ProposalonAdjustingtheRepurchasePriceoftheA-shareRestrictedStockIncentivePlanandRepurchasingandCancelingPartoftheRestrictedShares".Thecompany'sNominationandRemunerationCommitteeissuedaconcurringopinion.
2.Implementationofemployeestockownershipplans
□Applicable√Notapplicable
3.Otheremployeeincentives
□Applicable√Notapplicable
Chapter5EnvironmentandSocialResponsibility
Ⅰ.MajorEnvironmentConcerns
Whetherthelistedcompanyanditssubsidiariesarereckonedasmajorpollutantdischargingunitsbyenvironmentprotectiondepartmentornot
√Yes□No
Environmentalprotection-relatedpoliciesandindustrystandardsThecompanystrictlyimplementsthelaws,regulations,standardsandrequirementsforenvironmentalprotectioninitsprThecompanystrictlyabidesbythelaws,regulations,standardsandrequirementsforenvironmentalprotectioninitsproductionandoperation.ThelawsincludeEnvironmentalProtectionLawofthePeople’sRepublicofChina,LawonAirPollutionPreventionandControl,LawofthePeople’sRepublicofChinaonPreventionandControlofWaterPollution,LawofthePeople’sRepublicofChinaonPreventionandControlofEnvironmentalPollutionbySolidWaste,LawofPeople’sRepublicofChinaonEnvironmentalImpactAssessment,etc.
AdministrativeregulationsorrulesincludeMeasuresfortheAdministrationofEnvironmentalMonitoring,MeasuresfortheAdministrationoftheListofKeyUnitsofEnvironmentalSupervision,AdministrativeMeasuresfortheLegalDisclosureofEnterpriseEnvironmentalInformation,ContingencyPlanforEnvironmentalEmergencies,etc.NationalstandardsincludeIntegratedWastewaterDischargeStandard,IntegratedEmissionStandardofAirPollutants,StandardforFugitiveEmissionofVolatileOrganicCompounds,TechnicalRequirementforLow-Volatile-Organic-Compound-ContentCoatingsProduct,etc,Technicalspecificationforoperationofwastewateronlinemonitoringsystem(CODCr,NH3-Netc.),TechnicalSpecificationforContinuousMonitoringofNonMethaneTotalHydrocarbonsinWasteGasfromFixedPollutionSources,Technicalguideforleakdetectionandrepairofvolatileorganiccompoundsinindustries,Technicalspecificationsforsettinghazardouswasteidentificationsigns,IndustrystandardsincludeTechnicalSpecificationforApplicationandIssuanceofPollutantPermitAutomotiveIndustry,EmissionStandardofAirPollutantsforFoundryIndustry,Self-MonitoringTechnologyGuidelinesforPollutionSources,etc.
LocalstandardsincludeEmissionstandardofAirPollutantsforSurfaceCoatingofAutomobileManufacturingIndustry,EmissionStandardofAirPollutantsforCateringIndustry,EmissionStandardofAirPollutantsforBoilers,etc.TheCompanycollectsandinterpretstheallnewregulationsandstandardsonaquarterlybasisandconductscomplianceevaluationstoensurethattheCompany’sproductionandoperationarealwayslegallycompliant.EnvironmentalProtectionAdministrativeLicense
——AdministrativeLicenseInformationforConstructionProjects
Inthefirsthalfof2024,therewillbeatotalof3EIAapprovaldocumentsforconstructionprojects,asfollows:
| Nameofconstructionproject | Nameanddocumentnumberofenvironmentalimpactassessmentapprovaldocument | ApprovalAuthority | Approvalacquisitiontime |
| ChongqingLingyaoProductionLineLevelingandCompletingTechnicalRenovationProject | ChongqingConstructionProjectEnvironmentalImpactAssessmentDocumentApprovalLetter(YSHZ[2024]No.003) | ChongqingEcologyandEnvironmentBureau | January5th,2024 |
| JiangbeiEngineFactoryCapacityAdjustmentEfficiencyImprovementProject | ChongqingConstructionProjectEnvironmentalImpactAssessmentDocumentApprovalLetter(YLJHZ[2024]No.013) | ChongqingEcologyandEnvironmentBureau(LiangjiangNewAreaBranch) | January25th,2024 |
| ChanganAutomobileHESeriesEngineProductionLineTechnicalRenovationProject(PhaseII) | ChongqingConstructionProjectEnvironmentalImpactAssessmentDocumentApprovalLetter(YLJHZ[2024]No.057) | ChongqingEcologyandEnvironmentBureau(LiangjiangNewAreaBranch) | May10th,2024 |
——Informationonadministrativepermissionforpollutantdischarge
Inthefirsthalfof2024,eachbaseinvolvedatotalof10pollutiondischargelicensedocuments,including1application,7reapplications,2changes,andnoextensions.Fordetails,seetheNationalPollutionDischargeLicenseManagementInformationPlatformathttp://permit.mee.gov.cn.
——Otheradministrativelicensinginformation
None.
Industryemissionstandardsandspecificconditionsofpollutantemissionsinvolvedinproductionandbusinessactivities
| Nameofthecompanyorsubsidiary | Mainpollutantsandspecificpollutants | Dischargemeans | Numberofdischargeoutlets | Distributionofdischargeoutlets | Dischargeconcentration(mg/L) | Pollutantdischargestandards | Totaldischarge(Tons/year) | Totalapproveddischarge(Tons/year) | Excessiveemissions | |
| ChongqingChanganAutomobileCo.,Ltd.YubeiPlant | Wastewater | COD | Intermittentemissions | 3 | Twooutletsforworkshopfacilities,andonemainoutletforthePlant | 56.38 | IntegratedWastewaterDischargeStandard（GB8978-1996);TheInfluentWaterQualityRequirementssetbytheYubeiDistrictSewageTreatmentPlantinChongqing | 14.61 | 111.21 | — |
| Ammonianitrogen | 1.84 | 0.48 | 2.32 | — | ||||||
| Totalnickel | 0.07 | 0.002 | - | — | ||||||
| Totalzinc | 0.03 | 0.01 | - | — | ||||||
| Phosphate | 0.28 | 0.07 | 1.13 | — | ||||||
| Exhaustgas | Sulfurdioxide | Organizedemissions | 34 | OutletsaroundthePlant | 0.08 | EmissionStandardofAirPollutantsforSurfaceCoatingofAutomobileManufacturingIndustry（DB50/577-2015);EmissionStandardsofAirPollutantsforIndustrialKilnandFurnace（DB50/659-2016);IntegratedEmissionStandardsofAirPollutants（DB50/418-2016);EmissionStandardsofAirPollutantsforBoiler（DB50/658-2016) | 1.50 | 5.15 | — | |
| Nitrogenoxides | 0.34 | 6.30 | 45.63 | — | ||||||
| Particulatematter | 0.00005 | 0.001 | - | — | ||||||
| Volatileorganiccompounds | 0.90 | 20.72 | 111.30 | — | ||||||
| Toluene+Xylene | 0.15 | 2.80 | — | — | ||||||
| Soil | Duringthereportingperiod,ChongqingChanganAutomobileCo.,Ltd.YubeiPlantwasincludedinthelistofkeyenvironmentalsupervisionunits(atmosphericenvironment,environmentalriskmonitoring)inYubeiDistrict,Chongqingfor2024,withatotalof1,370.76tonsofhazardouswastegeneratedinthisperiod.The1,370.76tonshavebeenlegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermits,produced9,397.832tonsofgeneralindustrialsolidwasteand9,208.322tonsofutilizationanddisposal. | — | ||||||||
| ChongqingChanganAutomobileCo.,Ltd.YubeiPlantNewPlantArea | Wastewater | COD | Intermittentemissions | 1 | OnemainoutletforthePlant | 32.95 | IntegratedWastewaterDischargeStandard(GB8978-1996);RequirementsforInletWaterQualityofShipingSewageTreatmentPlant | 0.85 | 29.58 | — |
| Ammonianitrogen | 1.35 | 0.04 | 0.62 | — | ||||||
| Exhaustgas | Sulfurdioxide | Organizedemissions | 40 | OutletsaroundthePlant | 0.65 | EmissionStandardofAirPollutantsforSurfaceCoatingofAutomobileManufacturingIndustry（DB50/577-2015);EmissionStandardsofAirPollutantsforIndustrialKilnandFurnace（DB50/659-2016);IntegratedEmissionStandardsofAirPollutants（DB50/418-2016);EmissionStandardsofAirPollutantsforBoiler（DB50/658-2016) | 0.47 | 1.38 | — | |
| Nitrogenoxides | 2.18 | 1.60 | 12.17 | — | ||||||
| VOCs | 0.23 | 0.17 | 29.67 | — | ||||||
| Soil | Duringthereportingperiod,thenewplantareaofChongqingChanganAutomobileCo.,Ltd.YubeiPlantobtaineditspollutantdischargepermitforthefirsttimeonFebruary24th,2024,andhasnotyetbeenincludedinthelistofkeyenvironmentalsupervisionunits.Withatotalof371.7tonsofhazardouswastegeneratedinthisperiod.The371.7tonshavebeenlegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermits,produced456.8tonsofgeneralindustrialsolidwasteand456.8tonsofutilizationanddisposal. | |||||||||
| ChongqingChanganAutomobileCo.,Ltd.(LiangjiangPlant,cc) | Wastewater | COD | Intermittentemissions | 2 | Anoutletforworkshopfacilities,andonemainoutletforthePlant | 107 | IntegratedWastewaterDischargeStandard（GB8978-1996);TheInfluentWaterQualityRequirementssetbyGuoyuangangSewageTreatmentPlantinChongqing | 4.43 | 14.02 | — |
| Ammonianitrogen | 4.35 | 0.44 | 1.4 | — | ||||||
| Totalnickel | 0.08 | 0.004 | 0.04 | — | ||||||
| Totalzinc | 0.12 | 0.01 | 0.28 | — | ||||||
| Exhaustgas | Sulfurdioxide | Organizedemissions | 31 | OutletsaroundthePlant | 0 | EmissionstandardofAirPollutantsforSurfaceCoatingofAutomobileManufacturingIndustry（DB50/577-2015);EmissionStandardsofAirPollutantsforIndustrialKilnandFurnace（DB50/659-2016);IntegratedEmissionStandardsofAirPollutants（DB50/418-2016);EmissionStandardsofAirPollutantsforBoiler（DB50/658-2016) | 0 | 1.23 | — | |
| Nitrogenoxides | 46.95 | 11.00 | 18.23 | — | ||||||
| Particulatematter | 0 | 0 | 36.14 | — | ||||||
| Volatileorganiccompounds | 5.87 | 2.49 | 63.06 | — | ||||||
| Toluene+xylene | 0.42 | 0.14 | 2.68 | — | ||||||
| Soil | Duringthereportingperiod,ChongqingChanganAutomobileCo.,Ltd.(LiangjiangPlantCampusNo.1)wasincludedinthelistofkeyenvironmentalsupervisionunits(waterenvironment,atmosphericenvironment,environmentalriskmonitoring)inLiangjiangNewArea,Chongqingfor2024,withatotalof1,040.91tonsofhazardouswasteinthisperiod.Atotalof1,032.412tonswerelegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermits,produced8,985.1tonsofgeneralindustrialsolidwasteand8,985.1tonsofutilizationanddisposal. | — | ||||||||
| ChongqingChanganAutomobileCo.,Ltd.(LiangjiangPlant,CampusNo.2) | Wastewater | COD | Intermittentemissions | 2 | Anoutletforworkshopfacilities,andonemainoutletforthePlant | 61.33 | IntegratedWastewaterDischargeStandard（GB8978-1996);TheInfluentWaterQualityRequirementssetbytheGuoyuangangSewageTreatmentPlantinChongqing | 19.24 | 46.00 | — |
| Ammonianitrogen | 3.76 | 1.20 | 4.60 | — | ||||||
| Totalnickel | 0.03 | 0.0002 | 0.14 | — | ||||||
| Totalzinc | 0.05 | 0.02 | 1.38 | — | ||||||
| Exhaustgas | Sulfurdioxide | Organizedemissions | 47 | OutletsaroundthePlant | 1.26 | EmissionstandardofAirPollutantsforSurfaceCoatingofAutomobileManufacturingIndustry（DB50/577-2015);EmissionStandardsofAirPollutantsforIndustrialKilnandFurnace（DB50/659-2016);IntegratedEmissionStandardsofAirPollutants（DB50/418-2016);EmissionStandardsofAirPollutantsforBoiler（DB50/658-2016) | 0.06 | 4.12 | — | |
| Nitrogenoxides | 57.59 | 17.84 | 34.72 | — | ||||||
| Particulatematter | 2.76 | 1.10 | 50.61 | — | ||||||
| Volatileorganiccompounds | 1.19 | 1.04 | 543.23 | — | ||||||
| Toluene+xylene | 0.15 | 0.26 | 5.49 | — | ||||||
| Soil | Duringthereportingperiod,ChongqingChanganAutomobileCo.,Ltd.(LiangjiangPlantCampusNo.2)wasincludedinthelistofkeyenvironmentalsupervisionunits(waterenvironment,atmosphericenvironment,environmentalriskmonitoring)inLiangjiangNewArea,Chongqingfor2024,withatotalof1,490.5tonsofhazardouswasteinthisperiod.Atotalof1,462.62tonswerelegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermits,produced16,669.61tonsofgeneralindustrialsolidwasteand16,669.61tonsofutilizationanddisposal. | — | ||||||||
| ChongqingChanganAutomobileCo.,Ltd.(LiangjiangPlant,CampusNo.3) | Wastewater | COD | Intermittentemissions | 2 | Anoutletforworkshopfacilities,andonemainoutletforthePlant | 61.29 | IntegratedWastewaterDischargeStandard（GB8978-1996);TheInfluentWaterQualityRequirementssetbytheGuoyuangangSewageTreatmentPlantinChongqing | 6.04 | 148.68 | — |
| Totalnickel | 0.06 | 0.001 | 0.16 | — | ||||||
| Ammonianitrogen | 4.17 | 0.42 | 6.68 | — | ||||||
| Phosphate | 0.4 | 0.04 | 1.87 | — | ||||||
| Totalzinc | 0.11 | 0.01 | 0.8 | — | ||||||
| Exhaustgas | Particulatematter | Organizedemissions | 38 | OutletsaroundthePlant | 0 | EmissionstandardofAirPollutantsforSurfaceCoatingofAutomobileManufacturingIndustry（DB50/577-2015);EmissionStandardsofAirPollutantsforIndustrialKilnandFurnace（DB50/659-2016);IntegratedEmissionStandardsofAirPollutants（DB50/418-2016);EmissionStandardsofAirPollutantsforBoiler（DB50/658-2016) | 0 | 26.68 | — | |
| VOCs | 0.69 | 0.52 | 169.27 | — | ||||||
| SO2 | 0 | 0 | 1.85 | — | ||||||
| Toluene+xylene | 0.05 | 0.0001 | 0.32 | — | ||||||
| NOx | 58.6 | 4.79 | 23.92 | — | ||||||
| Soil | Duringthereportingperiod,ChongqingChanganAutomobileCo.,Ltd.((LiangjiangPlantCampusNo.3)wasincludedinthelistofkeyenvironmentalsupervisionunits(waterenvironment,atmosphericenvironment,environmentalriskmonitoring)inLiangjiangNewArea,Chongqingfor2024,withatotalof618.807tonsofhazardouswasteinthisperiod.Atotalof611.564tonswerelegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermits,produced7,931.49tonsof | — | ||||||||
| generalindustrialsolidwasteand7,931.49tonsofutilizationanddisposal. | ||||||||||
| ChongqingChanganAutomobileCo.,Ltd.(JiangbeiEnginePlant,CampusNo.1） | Wastewater | COD | Intermittentemissions | 2 | MainoutletforthePlant | 50 | IntegratedWastewaterDischargeStandard（GB8978-1996);TheInfluentWaterQualityRequirementssetbytheGuoyuangangSewageTreatmentPlantinChongqing | 5.38 | 22.50 | — |
| Ammonianitrogen（NH3-N） | 5 | 0.54 | 2.25 | — | ||||||
| Exhaustgas | Particulatematter | Organizedemissions | 93 | OutletsaroundthePlant | 13.59 | EmissionStandardsofAirPollutantsforIndustrialKilnandFurnace（DB50/659-2016);IntegratedEmissionStandardsofAirPollutants（DB50/418-2016) | 4.94 | — | — | |
| SO2 | 5.44 | 1.98 | — | — | ||||||
| Non-methanetotalhydrocarbons | 4.99 | 1.82 | — | — | ||||||
| NOx | 6.98 | 2.54 | — | — | ||||||
| Soil | Duringthereportingperiod,ChongqingChanganAutomobileCo.,Ltd.(JiangbeiEnginePlant,CampusNo.1）wasincludedinthelistofkeyenvironmentalsupervisionunits(environmentalriskmonitoring)inLiangjiangNewArea,Chongqingfor2024,withatotalof2,525.52tonsofhazardouswastewasgeneratedinthisperiod.2,525.52tonswerelegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermitsorexemptioncertificates,produced1,254.06tonsofgeneralindustrialsolidwasteand1,254.06tonsofutilizationanddisposal. | — | ||||||||
| ChongqingChanganAutomobileCo.,Ltd.(JiangbeiEnginePlant,CampusNo.2） | Wastewater | COD | Intermittentemissions | 1 | MainoutletforthePlant | 50 | IntegratedWastewaterDischargeStandard（GB8978-1996);TheInfluentWaterQualityRequirementssetbyGuoyuangangSewageTreatmentPlantinChongqing | 3.67 | 11.08 | — |
| Ammonianitrogen（NH3-N） | 5 | 0.37 | 1.11 | — | ||||||
| Exhaustgas | Non-methanetotalhydrocarbons | Organizedemissions | 37 | Outletsaroundthefactory | 13.89 | EmissionStandardsofAirPollutantsforIndustrialKilnandFurnace（DB50/659-2016);IntegratedEmissionStandardsofAirPollutants（DB50/418-2016) | 1.88 | — | — | |
| Nitrogenoxides | 11.3 | 1.53 | — | — | ||||||
| Particulatematter | 57.98 | 7.85 | — | — | ||||||
| Sulfurdioxide | 6.36 | 0.86 | — | — | ||||||
| Soil | Duringthereportingperiod,ChongqingChanganAutomobileCo.,Ltd.(JiangbeiEnginePlant,CampusNo.2）wasincludedinthelistofkeyenvironmentalsupervisionunits(environmentalriskmonitoring)inLiangjiangNewArea,Chongqingfor2024,withatotalof3,444.56tonsofhazardouswastewasgeneratedinthisperiod.3,444.56tonswerelegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermitsorexemptioncertificates,produced261.41tonsofgeneralindustrialsolidwasteand261.41tonsofutilizationanddisposal. | — | ||||||||
| ChongqingLingyaoAutomobileCo.,Ltd. | Wastewater | COD | Intermittentemissions | 3 | Anoutletforworkshopfacilities,andtwomainoutletsforthePlant | 31.09 | IntegratedWastewaterDischargeStandard（GB8978-1996);TheInletWaterQualityRequirementssetbyGuoyuangangSewageTreatmentPlantinChongqing | 2.83 | 25.76 | — |
| Ammonianitrogen | 3.56 | 0.32 | 3.48 | — | ||||||
| Totalnickel | 0 | 0 | 0.03 | — | ||||||
| Totalzinc | 0.03 | 0.003 | — | — | ||||||
| Phosphate | 0.11 | 0.01 | 0.13 | — | ||||||
| Exhaustgas | Particulatematter | Organizedemissions | 40 | OutletsaroundthePlant | 0.58 | EmissionstandardofAirPollutantsforSurfaceCoatingofAutomobileManufacturingIndustry（DB50/577-2015);IntegratedEmissionStandardsofAirPollutants（DB50/418-2016);EmissionStandardsofAirPollutantsforBoiler（DB50/658-2016) | 4.91 | 38.03 | — | |
| Volatileorganiccompounds | 0.23 | 2.04 | 111.40 | — | ||||||
| Toluene+xylene | 0.03 | 0.19 | 6.46 | — | ||||||
| Sulfurdioxide | 0 | 0 | 7.12 | — | ||||||
| Nitrogenoxides | 17.5 | 0.37 | 16.26 | — | ||||||
| Soil | Duringthereportingperiod,ChongqingLingyaoAutomobileCo.,Ltd.wasincludedinthelistofkeyenvironmentalsupervisionunits(atmosphericenvironment,environmentalriskmonitoring)inBananArea,Chongqingfor2024,withatotalof1,163.45tonsofhazardouswastewasgeneratedinthisperiod,1,163.45tonswerelegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermitsorexemptioncertificates,produced7,887.43tonsofgeneralindustrialsolidwasteand7,887.43tonsofutilizationanddisposal. | — | ||||||||
| ChongqingChanganAutomobileCo.,Ltd.BeijingChanganAutomobileCompany | Wastewater | COD | Intermittentemissions | 2 | Anoutletforworkshopfacilities,andamainoutletforthePlant | 55.57 | IntegratedDischargeStandardofWaterPollutants(DB11/307-2013) | 5.12 | 63.68 | — |
| Ammonianitrogen | 6.96 | 0.53 | 3.81 | — | ||||||
| Totalnickel | 0.06 | 0.001 | 0.01 | — | ||||||
| Phosphate | 1.72 | 0.18 | — | — | ||||||
| Exhaustgas | Nitrogenoxides | Organizedemissions | 52 | OutletsaroundthePlant | 9.67 | EmissionstandardofAirPollutantsforSurfaceCoatingofAutomobileManufacturingIndustry(DB11/1227-2015);IntegratedEmissionStandardsofAirPollutants（DB11/501-2017） | 0.18 | 3.18 | — | |
| Volatileorganiccompounds | 2.66 | 2.10 | 458.76 | — | ||||||
| Sulfurdioxide | 3 | 0.55 | — | — | ||||||
| Particulatematter | 1.76 | 1.95 | — | — | ||||||
| Soil | Duringthereportingperiod,ChongqingChanganAutomobileCo.,Ltd.BeijingChanganAutomobileCompanywasincludedinthelistofkeyenvironmentalsupervisionunits(waterenvironment,atmosphericenvironment,environmentalriskmonitoring)inBeijingfor2024,withatotalof243.036tonsofhazardouswastewasgeneratedinthisperiod,243.036tonswerelegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermitsorexemptioncertificates,produced3,788.25tonsofgeneralindustrialsolidwasteand3,788.25tonsofutilizationanddisposal. | — | ||||||||
| HefeiChanganAutomobileCo.,Ltd. | Wastewater | COD | Intermittentemissions | 3 | Twooutletsforworkshopfacilities,andamainoutletforthePlant | 50.00 | IntegratedWastewaterDischargeStandard（GB8978-1996);ThePipeStandardssetbyHefeiWestGroupSewageTreatmentPlant | 13.27 | 169.55 | — |
| Totalnitrogen | 10.26 | 4.06 | 43.98 | — | ||||||
| Totalnickel | 0.02 | 0.00 | 0.09 | — | ||||||
| Totalphosphorus | 0.20 | 0.08 | — | — | ||||||
| Ammonianitrogen | 5.00 | 0.37 | 16.96 | — | ||||||
| Exhaustgas | Non-methanetotalhydrocarbons | Organizedemissions | 76 | OutletsaroundthePlant | 0.002 | EmissionControlStandardforIndustrialEnterprisesVolatileOrganicCompoundsofTianjin（DB12/524-2020） | 3.67 | 65.03 | — | |
| Sulfurdioxide | 0.02 | 2.55 | — | — | ||||||
| Particulatematter | 0.03 | 15.48 | — | — | ||||||
| Nitrogenoxides | 0.02 | 14.34 | — | — | ||||||
| Soil | Duringthereportingperiod,HefeiChanganAutomobileCo.,Ltdwasincludedinthelistofkeyenvironmentalsupervisionunits(waterenvironment,atmosphericenvironment,environmentalriskmonitoring)inHefeifor2024,withatotalof910.39tonsofhazardouswastewasgeneratedinthisperiod,911.8tonswerelegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermitsorexemptioncertificates,produced13,062.06tonsofgeneralindustrialsolidwasteand13,062.06tonsofutilizationanddisposal. | — | ||||||||
| NanjingChanganAutomobileCo.,Ltd. | Wastewater | COD | Intermittentemissions | 1 | AmainoutletforthePlant | 33.57 | IntegratedWastewaterDischargeStandard（GB8978-1996);ThePipeStandardssetbyNanjingLishuiQinyuanSewageTreatmentCo.,Ltd. | 2.21 | 43.08 | — |
| Totalnitrogen | 4.38 | 0.28 | 1.20 | — | ||||||
| Totalphosphorus | 0.58 | 0.03 | 0.39 | — | ||||||
| Ammonianitrogen（NH3-N） | 0.83 | 0.16 | 0.86 | — | ||||||
| Exhaustgas | NOx | Organizedemissions | 6 | OutletsaroundthePlant | 8 | EmissionstandardofAirPollutantsforSurfaceCoatingofAutomobileManufacturingIndustry(DB32/2862–2016);IntegratedEmissionStandardsofAirPollutants(GB16297-1996);EmissionStandardsofAirPollutantsforBoiler(GB13271-2014) | 0.08 | — | — | |
| Particulatematter | 2.2 | 1.10 | — | — | ||||||
| VOCs | 8.74 | 9.84 | 31.57 | — | ||||||
| Sulfurdioxide | 0 | 0.00 | — | — | ||||||
| Soil | Duringthereportingperiod,NanjingChanganAutomobileCo.,Ltd.wasincludedinthelistofkeyenvironmentalsupervisionunits(waterenvironment,atmosphericenvironment,environmentalriskmonitoring)inJiangsuProvincefor2024,withatotal | — | ||||||||
| of436tonsofhazardouswastewasgeneratedinthisperiod,436tonswerelegallyutilizedanddisposedofbymanufacturerswithhazardouswasteoperationpermitsorexemptioncertificates,produced3,160tonsofgeneralindustrialsolidwasteand3,160tonsofutilizationanddisposal. | ||||||||||
| HebeiChanganAutomobileCo.,Ltd. | Wastewater | Ammonianitrogen（NH3-N） | Intermittentemissions | 4 | BothcampusNO.1andNO.2haveoneoutletforworkshopfacility,andamainoutletforthePlant | 2.54 | Integratedwastewaterdischargestandard（GB8978-1996);TheInfluentWaterQualityRequirementsSetbyGezhoubaWaterDingzhouBranch | 0.27 | 8.94 | — |
| COD | 84.98 | 8.90 | 136.42 | — | ||||||
| Totalnitrogen | 10.89 | 1.14 | 12.83 | — | ||||||
| Totalphosphorus | 1.85 | 0.19 | 1.92 | |||||||
| Totalnickel | 0.02 | 0.002 | 0.09 | — | ||||||
| Exhaustgas | Sulfurdioxide | Organizedemissions | 142 | Outletsaroundtheplant | 0.002 | IntegratedEmissionStandardsofAirPollutantsGB16297-1996;EmissionStandardsofAirPollutantsforIndustrialKilnandFurnaceDB1640-2012;EmissionControlStandardsforVolatileOrganicCompoundsbyIndustrialEnterprisesDB13/2322-2016;EmissionStandardsofAirPollutantsforBoiler（DB13/5161-2020) | 0.01 | 118.24 | — | |
| Non-methanetotalhydrocarbons | 5.60 | 51.15 | 1450.96 | — | ||||||
| Particulatematter | 0.73 | 6.41 | 904.2 | — | ||||||
| Nitrogenoxides | 0.19 | 1.20 | 65.22 | — | ||||||
| Soil | Duringthereportingperiod,HebeiChanganAutomobileCo.,Ltd.wasincludedinthelistofkeyenvironmentalsupervisionunits(waterenvironment,atmosphericenvironment,environmentalriskmonitoring)inDingzhoufor2024,withatotalof724.221tonsofhazardouswastegeneratedinthisperiod,ofwhich750.38tonshavebeenlegallyutilizedanddisposedofbysupplierswithhazardouswasteoperationpermits,produced13,197.185tonsofgeneralindustrialsolidwasteand13,197.185tonsofutilizationanddisposal. | — | ||||||||
Duringthereportingperiod,theenvironmentalinformationofeachunitofthecompanywasdisclosedonthe"EnvironmentalInformationDisclosureSystem"invariousprovincesandcities.Thepublicwebsiteisdetailedinthetablebelow.
| Thenameoftheorganization | Enterpriseenvironmentalinformationdisclosuresysteminaccordancewiththelaw | Publicwebsite |
| YubeiPlant,LiangjiangPlant,JiangbeiEnginePlant,ChongqingLingyao | Enterpriseenvironmentalinformationdisclosuresysteminaccordancewiththelaw（Chongqing） | http://183.66.66.47:10001/eps/index/enterprise-search |
| BeijingChanganAutomobileCompany | Enterpriseenvironmentalinformationdisclosuresysteminaccordancewiththelaw（Beijing） | https://hjxxpl.bevoice.com.cn:8002/home |
| HefeiChanganAutomobileCo.,Ltd | Enterpriseenvironmentalinformationdisclosuresysteminaccordancewiththelaw（Anhui） | http://112.27.211.30:18900/st_yfpl_html/dist/#/home |
| NanjingChanganAutomobileCo.,Ltd | Enterpriseenvironmentalinformationdisclosuresysteminaccordancewiththelaw（Jiangsu） | http://ywxt.sthjt.jiangsu.gov.cn:18181/spsarchive-webapp/web/viewRunner.html?viewId=http://ywxt.sthjt.jiangsu.gov.cn:18181/spsarchive-webapp/web/sps/views/yfpl/views/yfplHomeNew/index.js |
| HebeiChanganAutomobileCo.,Ltd | Enterpriseenvironmentalinformationdisclosuresysteminaccordancewiththelaw（Hebei） | http://121.29.48.71:8080/#/guide |
Treatmentofpollutants
| Pollutanttype | Mainprocessingtechnology | Processingmethod | |
| Exhaustgas | SprayingVOCsexhaustgas | Venturiwetpaintmisttreatment+zeoliterotaryadsorptionconcentration+TNVincineration;Activatedcarbonadsorption;Lowtemperatureplasma | Dealwithbyoneselforthemselves |
| DryingVOCsexhaustgas | TNVorRTOincineration | Dealwithbyoneselforthemselves | |
| OtherVOCsexhaustgas | Activatedcarbonadsorption | Dealwithbyoneselforthemselves | |
| Testexhaustgas(nitrogen | Automotivethree-waycatalyticconverter | Dealwithbyoneselfor | |
| oxide) | themselves | ||
| Foundrydust | Bagtypedustremoval | Dealwithbyoneselforthemselves | |
| Foundrystench | Alkaliadsorptionorbiosorption | Dealwithbyoneselforthemselves | |
| Refuelingmist | Mechanicalfiltration | Dealwithbyoneselforthemselves | |
| Wastewater | Phosphatingwastegas | Coagulationsedimentation | Selfprocessingoroutsourcingoperations |
| Oilywastewater | Oilseparation+airflotation | Selfprocessingoroutsourcingoperations | |
| Comprehensivewastewater | Coagulationsedimentation+aerobicbiochemistry | Selfprocessingoroutsourcingoperations | |
| Solidwaste | Wastesolvent | Utilizationorincineration | Outsourcingutilizationanddisposal |
| Wetmetalchips | Utilize | Outsourcingutilizationanddisposal | |
| Aluminumash,packagingdrum | Utilize | Outsourcingutilizationanddisposal | |
| Wastewatertreatmentsludge | Landfill | Outsourcingutilizationanddisposal | |
| Recyclablegeneralindustrialsolidwaste | Utilize | Outsourcingutilizationanddisposal | |
| Others | Incinerationorlandfill | Outsourcingutilizationanddisposal | |
| Noise | Mechanicalnoise | Dampingandsoundinsulation | Dealwithbyoneselforthemselves |
Inthefirsthalfof2024,twosetsofactivatedcarbonadsorptionwastegastreatmentfacilitieshavebeenaddedtothehazardouswasteroomofLiangjiangPlant.Pollutioncontrolfacilitiesareincludedinthepreventivemaintenancemanagementofequipmentlikeproductionequipment,andthereareledgers,operatingproceduresorworkinstructions,preventivemaintenanceprocedures,preventivemaintenanceplansandimplementationrecords,equipmentspotchecks,dosing,slagremoval,consumablesreplacementandotheroperationrecords,andthefacilitiesareoperatingnormally.Thekeyunitsofenvironmentalsupervision(waterenvironmentandatmosphericenvironment)areinstalledwithautomaticmonitoringfacilitiesforwastewaterandwastegasinaccordancewiththerequirementsofthelocalecologicalandenvironmentalauthorities,andentrusttheoperationandmaintenanceofthethird-partyprofessionalcompanies,andthefacilitiesareoperatingnormally.Duringthereportingperiod,therewasnoabnormaloperationofpollutioncontrolfacilitiesandautomaticmonitoringfacilities.
ContingencyPlanforenvironmentalemergencies
Themanufacturingsites,asrequired,carriesoutriskassessmentofenvironmentalemergencies,emergencyresourcesurveys,formulatedorrevisedcontingencyplansforenvironmentalemergencies,preparedon-siteresponseplansforunitswithenvironmentalrisk,andcontinuouslycarriedouthiddendangerinvestigationandtreatment.Inthefirsthalfof2024,noneworrevisedemergencyresponseplansforenvironmentalemergencieshavebeenadded.
Allbasesformulateemergencydrillplansinaccordancewiththerequirementsoflawsandregulations,andcarryoutemergencydrillsasplanned,soastocontinuouslyimprovethepracticalityofemergencyplansandtheemergencyhandlingabilityofemployees.Noenvironmentalemergenciesoccurredinthefirsthalfof2024.
Investmentinenvironmentaltreatmentandprotectionandpaymentofenvironmentalprotectiontax
Thecompany’senvironmentalprotectioninvestmentmainlyincludes:theconstructionofenvironmentalprotectionfacilities,operationandmaintenanceofenvironmentalprotectionfacilities,solidwastetransportationanddisposal(hazardouswasteincluded),sewagetreatment,monitoring,revisionofcontingencyplans,purchaseofemergencymaterials,environmentalprotectiontax,etc.
ThecompanypaidenvironmentalprotectiontaxofRMB564,200inthefirsthalfof2024.
Environmentalself-monitoringplan
Inthefirsthalfof2024,keyunitsresponsibleforpollutiondischargeofthecompanypreparedself-monitoringplansandcarriedoutself-monitoringinaccordancewiththerequirementsoflawsandregulations,anddisclosedmonitoringinformationonself-monitoringdatareleaseplatformsofvariousprovincesasrequiredbylocalecologicalenvironmentauthorities.Seethefollowingtableforthepublicwebsites.
| Units | EnvironmentalSelf-MonitoringPlanDisclosurePlatform | Website |
| YubeiPlant,LiangjiangPlant,JiangbeiEnginePlant,ChongqingLingyao | KeyPollutionSourceMonitoringDataReleasePlatform | http://119.84.149.34:20003/publish2/dataSearchPub/entList.aspx |
| BeijingChanganAutomobileCompany | BeijingEnvironmentalInformationDisclosurePlatformforEnterprisesandInstitutions | https://xxgk.bevoice.com.cn/index.do |
| NationalPollutantDischargePermitManagementInformationPlatform | https://permit.mee.gov.cn/perxxgkinfo/syssb/xkgg/xkgg!licenseInformation.action | |
| HefeiChanganAutomobileCo.,Ltd | AnhuiProvinceDischargeUnitsSelf-MonitoringInformationDisclosurePlatform | https://wryjc.cnemc.cn/gkpt/mainZxjc/340000 |
| NanjingChanganAutomobileCo.,Ltd. | JiangsuProvinceDischargeUnitsSelf-MonitoringInformationDisclosurePlatform | http://ywxt.sthjt.jiangsu.gov.cn:18181/spsarchive-webapp/web/viewRunner.html?viewId=http://218.94.78.91:18181/spsarchive-webapp/web/sps/views/yfpl/views/home/index.js |
| HebeiChanganAutomobileCo.,Ltd. | NationalPollutionSourceMonitoringInformationManagementandSharingPlatform | https://wryjc.cnemc.cn/gkpt/mainZxjc/130000 |
Administrativepenaltiesimposedforenvironmentalreasonsduringthereportingperiodareshownbelow
None.
Measurestakentoreducecarbonemissionsduringthereportingperiodandeffects
√Applicable□Notapplicable
Inthefirsthalfof2024,ChanganAutomobilecontinuedtoadvancetowardstheCompany'sgoalsof"carbonpeakingby2027andcarbonneutralityby2045".
Tofulfillthedualcarboncommitmentsandreducecarbonemissions,Changan'smanufacturingsystemactivelypromotedenergyconservationandcarbonreductioninthefirsthalfof2024,achievingremarkableresults.Thecarbonemissionintensityinthevehiclemanufacturingprocessdecreasedby7%comparedtothepreviousyear.Changanhasreachedamilestoneinthegreentransitionandenergystructureupgrades.140MWphotovoltaicpowerstationshavebeenputintooperationinfacilitiesinChongqing,Hefei,Hebei,Nanjing,andotherregions,generatinggreenelectricityforitsownuse.Inthefirsthalfoftheyear,atotalofapproximately41millionkWhofgreenelectricitywasconsumed,reducingcarbonby37,000tons.Atthesametime,variousmanufacturingfacilitiescontinuedtotapcarbonreductionpotentialandmakeimprovementinenergy-savingaswellascarbonreductionthrough"energyefficiencyimprovement,processimprovement,efficientstart-stop,andproductionschedulingoptimization."Inthefirsthalfoftheyear,29measureswereimplemented,reducingcarbonby5,000tonsinallprocesses.
Changanexploredcarbonreductionpathwaysinproductdevelopmentin-depthandcontinuouslypromotedlow-carbontechnologyresearch.Inthefieldofnewpower,theNewBlueCorepowersystemwasreleased.TheproductionthermalefficiencyandreservethermalefficiencyoftheNewBlueCorehybridenginereached44.28%and47.03%respectively.Thepetro-to-electricityconversionrateoftheNewBlueCoreextended-range/electricplatformis3.63kWh/L,andthemaximumefficiencyofthedigitalintelligentelectricmotoris97.80%.Inthefieldofnewenergy,theCompany’sCTVbatterycompleteditsfirsttrialproductiononboardavehicle,andthe4Cfast-chargingbatterycompletedexperimentalsimulation.Inthefieldofvehicleenergyconservation,keytechnologiessuchasultra-lowwindresistance,low-dragcalipers,andlowrollingresistancetiresweredeveloped,andahigh-precisionfull-fieldenergyflowsimulationandtestdecompositioncapabilitysystemhasbeencreated.Inthefieldofnewmaterials,industrialapplicationsofbio-basedPUand30%recycledPPmaterialswereachieved,andtheimpactofrecyclingonmaterialpropertiesandcontrolmethodsweregraspedandacquired.Additionally,15typesoflow-carbonandlightweighttechnologies,suchas30%recycledaluminumalloywheels,weredeveloped.AsofJune30,theaveragecarbonfootprintpervehicleofChangan'snewmodelslaunchedin2024decreasedby2.22%comparedto2023.
Otherenvironmentalprotection-relatedinformation
Inthefirsthalfof2024,LiangjiangPlant,JiangbeiEnginePlant,YubeiPlant,ChongqingLingyaoandotherproductionbaseswillcarryoutthe2023environmentalcreditevaluationworkinaccordancewiththerequirementsofthelocalecologicalandenvironmentalauthorities.II.SocialResponsibility
GuidedbyXiJinpingThoughtonSocialismwithChineseCharacteristicsintheNewEra,ChanganhasthoroughlyimplementedtheimportantexpositionsofGeneralSecretaryXiJinpingonagriculture,ruralareas,andfarmers,conscientiouslyimplementedthedecisionsofthePartyCentralCommitteeandtheStateCouncilaswellasgovernmentarrangements,strictlymettherequirementsthatpovertyreliefresponsibilities,policies,assistance,andmonitoringcontinueevenafteracountyisremovedfromthepovertylist,
learnedandadoptedtheexperienceofthe"ThousandVillagesDemonstrationProject",continuouslytappedthedevelopmentpotentialoftargetedassistanceareasandthemotivationofpeoplewhohadbeenliftedoutofpoverty,focusedonenhancingtheeffectivenessofassistance,madeassistanceworkhigherinquality,moreefficient,andmoresustainable,andcontributedwisdomandstrengthtoall-roundruralrevitalization.
1.StrengthenOrganizationalLeadershipConvenedonemeetingoftheleadershipgroupontargetedsupportworktoidentifykeysupportprojects,studyprogrammes,formulatemeasuresandmakeprogress.
2.EnsureAssistanceFundsAtotalof10.6millionyuaninassistancefundswasallocated,including2.5millionyuanforLuxiCounty,YunnanProvince,and8.1millionyuanforYanshanCounty,YunnanProvince,tosupporttheoverallrevitalizationofruralindustries,workforce,culture,ecology,andorganizationsinthetwocounties,helpingtoachieveboomingruralindustries,abeautifulecologicalenvironment,civilizedruralcustoms,effectivegovernance,andadequatelivingstandards.
3.InnovateIndustrialAssistanceImplementedthegovernment'soverallplanforruralrevitalizationandcontinuouslymadeprogressonthetargetedassistanceprojectforYouyangCamelliaOil.First,theCompanyassistedinmarketingandnetworks,leveragingitssalesnetworktohelpChongqingYouzhouCamelliaOilTechnologyCompanyachievesalesof15.19millionyuan.Second,theCompanyenhancedthebrandandcorporateimagebybringingYouyangCamelliaOiltotheChanganPartnerConference,ChongqingMarathon,andChongqingAutoShow,expandingtheinfluenceofcross-sectornewpublicwelfareinitiativesandcreatinganexampleofcorporatesocialresponsibility.Third,theCompanyestablishedamanagementsystemandalong-termmechanismforgoodgovernancecenteredaroundthegoalsandobjectivesofChongqingYouzhouCamelliaOilTechnologyCompanyfor2024,andhasbeencomprehensivelypushingfortheimplementationofManagementSystem2.0.Fourth,theCompanyresearchedcarbonsinktechnologiesincollaborationwithBeijingForestryUniversitytocompletethedesigndocumentforcamelliaoilcarbonsinktechnologiesandestablishedanevaluationsystem.
4.StrengthenConsumerAssistanceInresponsetothegovernment'scall,theCompanyencouragedallemployeestodirectlypurchasespecialtyagriculturalproductsfromassistedareasandactivelyparticipateinthe"CentralEnterpriseConsumerAssistanceforAgriculturalRevitalizationWeek"event.Inthefirsthalfoftheyear,theCompanydisbursedconsumerassistancetotaling1.568millionyuan,promotingindustrialdevelopmentinpoverty-strickenareasandstableincomegrowthforthelocalpopulationthroughconcreteactions.
Chapter6ImportantMatters
I.Theactualcontroller,shareholders,relatedparties,acquirersandotherrelevantpartiesoftheCompanyhavefulfilledthecommitmentsduringthereportingperiodandhavenotbeenfulfilledbytheendofthereportingperiod
√Applicable□Notapplicable
| Undertakings | Undertakingparty | Typeofundertaking | Description | Date | Duration | Performance |
| Othercommitments | ChinaSouthIndustriesGroupCo.,Ltd.;ChinaChanganAutomobileGroupCo.,Ltd.;SouthernIndustryAssetManagementCo.,Ltd. | Salesrestrictionsforshares | FromNovember7th,2023,within6months,thecompanywillnotreduceitsholdingsthroughcentralizedbiddingorbulktradinginthesecondarymarket. | November2023 | 6Months | Fulfillmentcompleted |
| Whetherthepromiseisfulfilledasscheduled | Yes | |||||
II.Non-operatingfundsthelistedcompanyoccupiedbycontrollingshareholdersandtheirrelatedparties
□Applicable√Notapplicable
Duringthereportingperiod,therewasnonon-operatingfundsofthelistedcompanyoccupiedbythecontrollingshareholderandrelatedparties.III.Irregularexternalguarantee
□Applicable√Notapplicable
TheCompanyhasnoirregularexternalguaranteeduringthereportingperiod.IV.AppointmentanddismissaloftheaccountingfirmIsthesemi-annualfinancialreportaudited?
□Yes√No
Thecompany'ssemi-annualreporthasnotbeenaudited.V.Theboardofdirectors,andsupervisorsexplainingthe"nonstandardauditreport"fromtheaccountingfirmduringthereportingperiod
□Applicable√Not-applicable
VI.Theboardofdirectorsexplainingthe"nonstandardauditreport"oflastyear
□Applicable√Not-applicableVII.Bankruptcyandrestructuring
□Applicable√Notapplicable
Duringthereportperiod,thereisnobankruptcyorrestructuring.
VIII.CruciallitigationeventsCruciallitigationandarbitrationevents
□Applicable√Not-applicable
Duringthereportperiod,thecompanyhasnocruciallitigationorarbitrationevents.Otherlitigationevents
□Applicable√Not-applicable
IX.Punishmentandrectification
□Applicable√Notapplicable
Duringthereportperiod,therewerenopenaltiesandrectifications.
X.Theintegrityofcompany,itscontrollingshareholderandactualcontroller
□Applicable√Notapplicable
XI.Significantrelated-partytransactions
1.Related-partytransactionsrelatedtodailyoperation
√Applicable□Not-applicable
Fordetails,pleaserefertoNote14“RelatedPartyRelationshipsandTransactions”underChapter10.
2.Related-partytransactionofacquisitionorsalesofassetsorequity
□Applicable√Notapplicable
Duringthereportperiod,thecompanydidnothaveanyrelatedpartytransactionsfortheacquisitionorsaleofassetsorequity.
3.Related-partytransactionsofcommonforeigninvestment
□Applicable√Notapplicable
4.Relatedrightsanddebtrelations
√Applicable□Not-applicable
Fordetails,pleaserefertoNote14“RelatedPartyRelationshipsandTransactions”underChapter10.Whetherthereisanynon-business-relatedcreditsanddebts
□Yes√No
Thereisnonon-operatingassociatedcreditsanddebtsduringthereportingperiod.
5.Transactionswithassociatedfinancialcompanies
√Applicable□NotapplicableDeposit
| Relatedparty | Relationship | Maximumdailydepositlimit(RMB:10,000) | Interestrate | Beginningbalance(RMB:10,000) | Amountincurredinthecurrentperiod | Endingbalance(RMB:10,000) | |
| Totaldepositamount(RMB:10,000) | Totalwithdrawalamount(RMB:10,000) | ||||||
| ChinaSouthIndustries | Acompanycontrolledby | 2,000,000 | 0.2%-3.5% | 1,992,602 | 6,399,718 | 6,397,330 | 1,994,990 |
| GroupFinanceCo.,Ltd. | theactualcontrollerofChanganAutomobile | ||||||
| ChanganAutomobileFinanceCo.,LTD | AcompanycontrolledbytheactualcontrollerofChanganAutomobile | 2,000,000 | 1.85%-2.25% | 1,499,000 | 855,000 | 855,000 | 1,499,000 |
Loan
| Relatedparty | Relationship | Loanamount(RMB:10,000) | Interestrate | Beginningbalance(RMB:10,000) | Amountincurredinthecurrentperiod | Endingbalance(RMB:10,000) | |
| Totalamountofloan(RMB:10,000) | Totalrepaymentamount(RMB:10,000) | ||||||
| ChinaSouthIndustriesGroupFinanceCo.,Ltd. | AcompanycontrolledbytheactualcontrollerofChanganAutomobile | 50,000 | 1.00% | 7,600 | 0 | 0 | 7,600 |
Creditgrantingorotherfinancialbusiness
| Relatedparty | Relationship | Business | Totalamount(RMB:10,000) | Actualamountincurred(RMB:10,000) |
| ChinaSouthIndustriesGroupFinanceCo.,Ltd. | AcompanycontrolledbytheactualcontrollerofChanganAutomobile | Creditgranting | 1,150,000 | 280,853 |
6.Transactionsbetweenthefinancialcompanycontrolledbythecompanyandrelatedparties
□Applicable√Notapplicable
7.Othersignificantrelated-partytransactions
√Applicable□Not-applicableInterimannouncementofmajorrelated-partytransactionsonthewebsite
XII.Majorcontractsandtheirperformance
1.Custody,contractingandleasing
（1）Custody
□Applicable√Not-applicableThereisnocustodyduringthereportingperiod.（
）Contracting
□Applicable√Not-applicableThereisnocontractingduringthereportingperiod.
| Interimannouncement | Interimannouncementdate | Website |
| AnnouncementonRelated-partyTransactionsofChinaSouthIndustriesGroupFinanceCo.,Ltd.ProvidingFinancialServicesforChanganAutomobile | April18th,2024 | http://www.cninfo.com.cn |
| AnnouncementonRelated-partyTransactionsofChanganAutomobileFinanceCo.,Ltd.ProvidingFinancialServicesforChanganAutomobile | April18th,2024 |
（3）Leasing
√Applicable□Not-applicable
LeasingofrelatedpartiescanbefoundinItem5(2)ofNote14ofFinancialStatements“RelatedPartyandRelatedTransactions”.Projectswhoseprofitandlosstothecompanyaccountformorethan10%oftotalprofitsduringthereportingperiod.
□Applicable√Not-applicable
Therewasnoprojectwhoseprofitandlosstothecompanyaccountedformorethan10%oftotalprofitsduringthereportingperiod.
2.Guarantee
□Applicable√Not-applicable
There’snoguaranteeduringthereportperiod.
3.Entrustwealthmanagement
□Applicable√Not-applicable
There’snoentrustingwealthmanagementduringthereportingperiod.
4.Othermajorcontracts
□Applicable√Notapplicable
TherearenoothermajorcontractsoftheCompanyduringthereportingperiod.
XIII.Otherimportantevents
□Applicable√NotapplicableXIV.ImportantmattersoftheCompany'ssubsidiary
□Applicable√Notapplicable
Chapter7ChangesintheShareholdingoftheCompanyand
Shareholders
I.Changeinshareholdings
1.Changeinshareholdings
Unit:Oneshare
| Beforechange | Changes（+，-） | Afterchange | |||||||
| Quantity | Ratio | Additionalissued | Stockdividend | Providentfundtransfer | Other | Subtotal | Quantity | Ratio | |
| Shareswithsalesrestrictions | 104,805,899 | 1.06% | -41,715,574 | -41,715,574 | 63,090,325 | 0.64% | |||
| 1.State-ownedlegalpersonshares | |||||||||
| 2.Otherdomesticshares | 104,192,889 | 1.05% | -41,715,574 | -41,715,574 | 62,477,315 | 0.63% | |||
| Including:domesticlegalpersonshares | |||||||||
| domesticnaturalpersonshares | 104,192,889 | 1.05% | -41,715,574 | -41,715,574 | 62,477,315 | 0.63% | |||
| 3.Foreignshares | 613,010 | 0.01% | 613,010 | 0.01% | |||||
| Including:foreignlegalpersonsshares | |||||||||
| foreignnaturalpersonshares | 613,010 | 0.01% | 613,010 | 0.01% | |||||
| Shareswithoutsalesrestrictions | 9,812,483,134 | 98.94% | 41,715,574 | 41,715,574 | 9,854,198,708 | 99.36% | |||
| 1.OrdinarysharesdenominatedinRMB | 8,170,868,357 | 82.39% | 41,715,574 | 41,715,574 | 8,212,583,931 | 82.81% | |||
| 2.Domesticlistedforeignshares | 1,641,614,777 | 16.55% | 1,641,614,777 | 16.55% | |||||
| Totalshares | 9,917,289,033 | 100.00% | 0 | 0 | 9,917,289,033 | 100.00% | |||
Reasonsforsharechange
√Applicable□Notapplicable
(1)TheA-sharerestrictedstockincentiveplanisreleasedfromthelistingandcirculationofrestrictedsharesOnMarch5th,2024,thecompanyliftedthelistingandcirculationofrestrictedshares,withanumberof43,135,948shares,asdetailedinthe"ReminderAnnouncementontheListingandCirculationofRestrictedSharesReleasedintheSecondLiftingPeriodoftheFirstGrantoftheA-shareRestrictedStockIncentivePlan".Someofthecompany'sdirectorsandseniormanagersareincludedintheincentiveobjectsoftheliftingoftherestrictionthistime,andthesharesobtainedwillbelockedinaccordancewithrelevantlawsandregulations.
(2)OtherreasonsforchangeOtherchangesinthecompany'srestrictedsharesarecausedbychangesinthelocked-insharesofseniorexecutives.Approvalofsharechange
√Applicable□Notapplicable
OnFebruary22nd,2024,TheA-sharerestrictedstockincentiveplanliftsthelistingandcirculationofrestrictedshareswasapprovedbythe17thmeetingofthe9thboardofdirectorsandthe5thmeetingofthe9thboardofsupervisors.Transferofshares
√Applicable□Notapplicable
SeeChapter7,I,1,"Reasonsforsharechange"fordetails.Implementationprogressofsharerepurchase
□Applicable√NotapplicableImplementationprogressofreducingandrepurchasingsharesbymeansofcentralizedbidding
□Applicable√NotapplicableImpactofsharechangesonfinancialindicatorssuchasbasicearningspershareanddilutedearningspershareinthelatestyearandthelatestperiod,andnetassetspershareattributabletoordinaryshareholdersofthecompany
√Applicable□Notapplicable
Changesinshareshavenomaterialimpactonfinancialindicatorssuchasbasicearningspershareanddilutedearningspershareinthemostrecentyearandthelatestperiod,andnetassetspershareattributabletoordinaryshareholdersoftheCompany.Otherinformationdeemednecessarybythecompanyorrequiredbysecuritiesregulatorstodisclose
□Applicable√Notapplicable
2.Changesinrestrictedshares
√Applicable□Notapplicable
Unit:share(s)
| Nameofshareholders | Numberofrestrictedsharesatthebeginningoftheperiod | Numberofshareswithsalesrestrictionremovedduringthereportingperiod | Increaseduringthereportingperiod | Numberofrestrictedsharesattheendoftheperiod | Reasonsforrestrictions | Dateofremovalofsalesrestriction |
| A-sharerestrictedstock | 104,266,260 | 43,135,948 | 61,130,312 | Equityincentive | From2024,therestrictedsharesgrantedforthefirsttimeandreservedtotheincentiverecipientswillbeliftedintwobatches,andtherestrictionperiodofeachbatchwillbe36monthsand48monthsrespectivelyfromthedateofcompletionofthecorrespondinggrantregistration,andthereleaserestrictionratiowillbe33%and34%ofthetotalnumberofsharesgrantedtotheincentiverecipientsrespectively.Amongthem,atotalof43,135,948shareshavebeenlistedandcirculatedonMarch5th,2024. | |
| Othershareholders | 539,639 | 375 | 1,420,749 | 1,960,013 | Executivelock-inshares | Liftthesalerestrictionaccordingtotherelevantrules |
| Total | 104,805,899 | 43,136,323 | 1,420,749 | 63,090,325 | -- | -- |
II.Issuingandlistingofsecurities
□Applicable√Not-applicableIII.Shareholdingandshareholdersofthecompany
Unit:share(s)
| Attheendofthereportperiod,thetotalnumberofshareholders | 655,768 | Numberofshareholdersholdingpreferenceshareswithrestoredvotingrightsattheendofthereportingperiod | 0 | ||||||
| Shareholdingsofordinaryshareholdersholdingmorethan5%ofthesharesortop10ordinaryshareholders(excludingshareslentthroughrefinancing) | |||||||||
| Name | Nature | Percentage | Numberofsharesheldasoftheendofthereportingperiod | Increase/decreaseduringtheReportingPeriod | Numberofsharesheldwithsalesrestrictions | Numberofsharesheldwithoutsalesrestrictions | Conditionofshares(pledged,labeledorfrozen) | ||
| Status | Amount | ||||||||
| ChinaChanganAutomobileGroupCo.,Ltd. | State-ownedlegalperson | 17.98% | 1,783,090,143 | 1,783,090,143 | Notpledged,labeledorfrozen | ||||
| ChinaSouthIndustriesGroupCo.,Ltd. | State-ownedlegalperson | 14.23% | 1,410,747,155 | 1,410,747,155 | |||||
| SouthernIndustryAssetManagementCo.,Ltd. | State-ownedlegalperson | 4.60% | 456,253,257 | 456,253,257 | |||||
| ChinaSecuritiesFinanceCo.,Ltd. | Domesticgenerallegalperson | 4.30% | 426,362,905 | 426,362,905 | |||||
| UnitedProsperityInvestmentCo., | Foreignlegal | 2.83% | 280,498,832 | 280,498,832 | |||||
| Ltd. | person | |||||||
| HongKongSecuritiesClearingCo.,Ltd. | Foreignlegalperson | 1.50% | 148,626,405 | -86,760,549 | 148,626,405 | |||
| IndustrialandCommercialBankofChinaCo.,Ltd.-HuataiPinebridgeCSI300ETFSecuritiesInvestmentFund | Funds,wealthmanagementproducts,etc | 0.59% | 58,745,244 | 24,458,700 | 58,745,244 | |||
| FangWenyan | Domesticnaturalpersons | 0.57% | 56,989,500 | 43,061,920 | 56,989,500 | |||
| ChinaMerchantsSecurities(HongKong)Limited | Foreignlegalperson | 0.49% | 48,788,559 | -4,838,763 | 48,788,559 | |||
| ChinaConstructionBankCorporation-EFundCSI300ETFOriginatedSecuritiesInvestmentFund | Funds,wealthmanagementproducts,etc | 0.39% | 38,820,336 | 26,132,500 | 38,820,336 | |||
| Descriptionoftherelatedpartyrelationshiporactinginconcertamongtheaboveshareholders | Amongthetop10shareholders,theactualcontrollerChinaSouthIndustriesGroupCo.,Ltd.anditswholly-ownedsubsidiarySouthernIndustryAssetManagementCo.,Ltd.,thecontrollingshareholderChinaChanganAutomobileGroupCo.,Ltd.anditswholly-ownedsubsidiaryUnitedProsperityInvestmentCo.,Ltd.arepartiesactinginconcertby“MeasuresfortheAdministrationofTakeoverofListedCompanies”. | |||||||
| Descriptionoftheabove-mentionedshareholdersentrusting/beingentrustedwithvotingrightsandwaiverofvotingrights | None | |||||||
| Shareholdingsofthetop10ordinaryshareholdersofunrestrictedshares | ||||||||
| Shareholders | Numberofshareswithoutsalesrestrictionsattheendofthereportingperiod | Sharestype | ||||||
| Type | Number | |||||||
| ChinaChanganAutomobileGroupCo.,Ltd. | 1,783,090,143 | RMBordinaryshares | 1,783,090,143 | |||||
| ChinaSouthIndustriesGroupCo.,Ltd. | 1,410,747,155 | RMBordinaryshares | 1,410,747,155 | |||||
| SouthernIndustryAssetManagementCo.,Ltd. | 456,253,257 | RMBordinaryshares | 456,253,257 | |||||
| ChinaSecuritiesFinanceCo.,Ltd. | 426,362,905 | RMBordinaryshares | 426,362,905 | |||||
| UnitedProsperityInvestmentCo.,Ltd. | 280,498,832 | Domesticlistedforeignshares | 280,498,832 | |||||
| HongKongSecuritiesClearingCo.,Ltd. | 148,626,405 | RMBordinaryshares | 148,626,405 | |||||
| IndustrialandCommercialBankofChinaCo.,Ltd.-HuataiPinebridgeCSI300ETFSecuritiesInvestmentFund | 58,745,244 | RMBordinaryshares | 58,745,244 | |||||
| FangWenyan | 56,989,500 | RMBordinaryshares | 56,989,500 | |||||
| ChinaMerchantsSecurities(HongKong)Limited | 48,788,559 | Domesticlistedforeignshares | 48,788,559 | |||||
| ChinaConstructionBankCorporation-EFundCSI300ETFOriginatedSecuritiesInvestmentFund | 38,820,336 | RMBordinaryshares | 38,820,336 | |||||
| Descriptionoftherelatedrelationshiporactinginconcertamongthetop10shareholdersofunrestrictedcirculatingshares,andbetweenthetop10shareholdersofunrestrictedtradablesharesandthetop10shareholders | Amongthetop10shareholders,theactualcontrollerChinaSouthIndustriesGroupCo.,Ltd.anditswholly-ownedsubsidiarySouthernIndustryAssetManagementCo.,Ltd.,thecontrollingshareholderChinaChanganAutomobileGroupCo.,Ltd.anditswholly-ownedsubsidiaryUnitedProsperityInvestmentCo.,Ltd.arepartiesactinginconcertasstipulatedinthe“MeasuresfortheAdministrationofTakeoverofListedCompanies”. | |||||||
| Descriptionofthetop10ordinaryshareholdersparticipatinginthemargintradingandsecuritieslendingbusiness | Inadditiontoholding0sharesthroughtheordinarysecuritiesaccount,FangWenyan,ashareholder,alsoholds56,989,500sharesthroughthecustomercredittransactionguaranteesecuritiesaccountofGuotaiJunanSecuritiesCo.,Ltd.,andactuallyholdsatotalof56,989,500shares. | |||||||
Participationofshareholdersholdingmorethan5%oftheshares,top10shareholders,andtop10shareholderswithunlimitedtradablesharesinthelendingofsharesthroughtherefinancingbusiness
√Applicable□Notapplicable
Unit:share(s)
| Participationofshareholdersholdingmorethan5%oftheshares,top10shareholders,andtop10shareholderswithunlimitedtradablesharesinthelendingofsharesthroughtherefinancingbusiness | ||||||||
| ShareholderName | Initialordinaryaccountandcreditaccountholdings | Theshareslentatthebeginningoftheperiodwererefinancedandhavenotbeenreturned | Ordinaryaccountandcreditaccountholdingsattheendoftheperiod | Attheendoftheperiod,theshareswereloanedandhavenotbeenreturned | ||||
| Total | Proportion | Total | Proportion | Total | Proportion | Total | Proportion | |
| quantity | oftotalsharecapital | quantity | oftotalsharecapital | quantity | oftotalsharecapital | quantity | oftotalsharecapital | |
| IndustrialandCommercialBankofChinaCo.,Ltd.-HuataiPinebridgeCSI300ETFSecuritiesInvestmentFund | 34,286,544 | 0.35% | 2,795,700 | 0.03% | 58,745,244 | 0.59% | 0 | 0.00% |
| ChinaConstructionBankCorporation-EFundCSI300ETFOriginatedSecuritiesInvestmentFund | 12,687,836 | 0.13% | 1,251,500 | 0.01% | 38,820,336 | 0.39% | 263,800 | 0.00% |
Thetop10shareholderschangedfromthepreviousperiod
□Applicable√NotapplicableWhetherthetop10shareholdersofordinaryshares,andthetop10shareholdersofordinaryshareswithoutsalesrestrictionsagreedontherepurchasetransactionsduringthereportperiod
□Yes√No
Thetop10shareholdersofordinaryshares,andthetop10shareholdersofordinaryshareswithoutsalesrestrictionsdidnotagreeontherepurchasetransactionsduringthereportingperiod.IV.Changesintheshareholdingofdirectors,supervisorsandseniormanagement
□Applicable√Not-applicableV.ThechangeofthecontrollingshareholdersandtheactualcontrollersDuringthereportingperiodthechangeofcontrollingshareholders
□Applicable√Not-applicable
Nochangesincontrollingshareholdersduringthereportingperiod.Thechangeoftheactualcontrollersduringthereportingperiod
□Applicable√Not-applicable
Nochangesintheactualcontrollersduringthereportingperiod.
Chapter8PreferredShares
□Applicable√Not-applicable
Duringthereportingperiod,therewerenopreferredsharesinthecompany.
Chapter9Bonds
√Applicable□NotapplicableI.EnterpriseBonds
□Applicable√Notapplicable
NoenterprisebondsintheReportingPeriod
II.CorporateBonds
√Applicable□Notapplicable
1.BasicInformationoftheCorporateBonds
Unit:10,000RMB
| BondName | Abbreviation | BondCode | Dateofissue | Valuedate | Maturity | Bondsbalance | Interestrate | Wayofredemption | Tradingplace |
| ChongqingChanganAutomobileCo.,Ltd.publiclyissuedscienceandtechnologyinnovationcorporatebondstoprofessionalinvestorsin2022(PhaseI) | 22ChanganK1 | 148147.SZ | December19th,2022 | December20th,2022 | December20th,2027 | 100,000 | 3.00% | Singleinterestiscalculatedonanannualbasis,excludingcompoundinterest.Theinterestispaidonceayear,andtheprincipalisrepaidoncedue.Thelastinterestispaidwiththepaymentoftheprincipal. | ShenzhenStockExchange |
| Appropriatearrangementoftheinvestors(ifany) | ThisbondisissuedtoprofessionalinstitutionalinvestorswhoopenA-sharesecuritiesaccountsinShenzhenBranchofChinaSecuritiesDepositoryandClearingCo.,Ltd.(excludingpurchasersprohibitedbylawsandregulations). | ||||||||
| Applicabletradingmechanism | Centralizedbiddingtradeandblocktrading | ||||||||
| Riskofterminationoflistingtransactions(ifany)andcountermeasures | None | ||||||||
Overduebonds
□Applicable√Notapplicable
2.TheTriggerandExecutionoftheOptionClauseoftheIssuersorInvestorsandtheInvestorProtectionClause
□Applicable√Notapplicable
3.AdjustmentofCreditRatingResultsduringtheReportingPeriod
□Applicable√Notapplicable
4.ExecutionandChangesofGuarantee,RepaymentPlanandOtherRepaymentGuaranteeMeasuresaswellasInfluenceonEquityofBondInvestorsduringtheReportingPeriod
□Applicable√NotapplicableIII.DebtFinancingInstrumentsofNon-financialEnterprises
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IV.ConvertibleCorporateBonds
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.V.LossesofScopeofConsolidatedFinancialStatementsduringtheReportingPeriodExceeding10%ofNetAssetsupthePeriod-endofLastYear
□Applicable√Notapplicable
VI.TheMajorAccountingDataandtheFinancialIndicatorsoftheRecent2YearsoftheCompanyupthePeriod-end
Unit:10,000RMB
| Items | 30June2024 | 31December2023 | Increase/decrease |
| Currentratio | 1.26 | 1.27 | -0.79% |
| Debt/assetratio | 60.49% | 60.73% | -0.24% |
| Quickratio | 1.12 | 1.14 | -1.75% |
| Thereportingperiod | Sameperiodlastyear | Increase/decrease | |
| Netprofitafterdeductingnon-recurringprofitorloss | 116,868.01 | 124,185.42 | -5.89% |
| Debt/EBITDAratio | 4.46% | 9.04% | -4.58% |
| Interestcover(times) | 44.61 | 181.73 | -75.45% |
| Cash-to-interestcover(times) | 86.92 | 188.93 | -53.99% |
| EBITDA-to-interestcover(times) | 127.78 | 252.97 | -49.49% |
| Loanrepaymentrate | 100% | 100% | 0 |
| Interestcoverage | 100% | 100% | 0 |
Chapter10TheFinancialStatements
I.AuditingReportNoauditonthesemi-annualfinancialreport.II.Financialstatements
Financialinnotestothestatementsoftheunitis:RMByuan
1.ConsolidatedBalanceSheet
InRMBYuan
| Account | 30June2024 | 1January2024 |
| Currentassets: | ||
| Cash | 70,939,136,071.24 | 64,871,042,747.88 |
| Tradingfinancialassets | 152,668,417.66 | 167,519,347.29 |
| Notesreceivable | 33,995,528,463.15 | 37,658,391,214.01 |
| Accountsreceivable | 2,989,231,105.41 | 2,411,796,419.07 |
| Prepayments | 582,581,159.41 | 287,711,010.62 |
| Otherreceivables | 455,008,697.40 | 894,268,431.82 |
| Including:dividendsreceivable | 22,469,320.00 | |
| Inventories | 13,792,862,498.94 | 13,465,847,696.93 |
| Contractassets | 822,694,699.90 | 1,442,876,966.30 |
| Othercurrentassets | 2,234,734,568.60 | 9,735,453,361.32 |
| Totalcurrentassets | 125,964,445,681.71 | 130,934,907,195.24 |
| Non-currentassets: | ||
| Long-termequityinvestments | 14,109,162,499.18 | 13,787,391,985.47 |
| Investmentinotherequityinstruments | 504,190,082.71 | 504,190,082.71 |
| Investmentproperties | 6,082,647.70 | 6,196,003.48 |
| Fixedassets | 19,515,251,831.25 | 19,994,084,908.14 |
| Constructioninprogress | 2,294,576,852.63 | 1,914,345,359.83 |
| Right-of-useasset | 217,698,854.98 | 209,480,676.04 |
| Intangibleassets | 14,317,477,866.82 | 15,045,563,649.79 |
| Developmentexpenditure | 3,295,839,663.04 | 2,241,820,556.70 |
| Goodwill | 1,810,730,443.16 | 1,810,730,443.16 |
| Long-termdeferredexpenses | 21,185,944.41 | 24,162,220.06 |
| Deferredtaxassets | 3,410,080,327.14 | 3,248,254,057.65 |
| Othernon-currentassets | 1,854,972,231.98 | 450,000,000.00 |
| Totalnon-currentassets | 61,357,249,245.00 | 59,236,219,943.03 |
| TOTALASSETS | 187,321,694,926.71 | 190,171,127,138.27 |
| Currentliabilities: | ||
| Short-termloans | 54,056,333.40 | 30,039,416.74 |
| Tradingfinancialliabilities | 12,941,513.71 | - |
| Notespayable | 40,811,542,603.74 | 37,456,669,928.07 |
| Accountspayable | 34,274,539,923.58 | 38,289,947,321.45 |
| Advancereceipts | 686,755.00 | |
| Contractliability | 5,996,592,698.42 | 7,923,792,852.77 |
| Payrollpayable | 3,570,705,685.96 | 2,750,661,337.26 |
| Taxespayable | 865,791,188.25 | 1,928,723,907.38 |
| Otherpayables | 5,307,800,744.02 | 5,880,882,512.97 |
| Non-currentliabilitieswithinoneyear | 123,760,356.87 | 80,077,042.88 |
| Othercurrentliabilities | 9,158,544,800.54 | 8,897,936,399.92 |
| Totalcurrentliabilities | 100,176,275,848.49 | 103,239,417,474.44 |
| Non-currentliabilities: | ||
| Long-termloans | 36,000,000.00 | 72,000,000.00 |
| Bondspayable | 999,656,603.76 | 999,607,547.16 |
| Leaseliability | 124,713,350.60 | 134,254,398.07 |
| Long-termpayables | 957,892,237.43 | 952,446,118.57 |
| Long-termpayrollpayable | 27,195,616.49 | 30,414,000.00 |
| Estimatedliabilities | 7,004,273,980.79 | 6,277,041,416.79 |
| DeferredRevenue | 676,551,823.49 | 718,840,543.52 |
| Deferredtaxliabilities | 1,585,558,534.51 | 1,566,074,982.00 |
| Othernon-currentliabilities | 1,719,954,719.90 | 1,497,773,818.69 |
| Totalnon-currentliabilities | 13,131,796,866.97 | 12,248,452,824.80 |
| Totalliabilities | 113,308,072,715.46 | 115,487,870,299.24 |
| Owners’equity(orShareholders’equity): | ||
| Sharecapital | 9,917,289,033.00 | 9,917,289,033.00 |
| Capitalreserves | 8,443,323,719.70 | 8,251,287,637.70 |
| Less:treasuryshares | 228,624,172.79 | 382,277,095.96 |
| Othercomprehensiveincome | 200,717,168.37 | 118,318,784.04 |
| Specialreserves | 94,130,498.99 | 54,323,330.34 |
| Surplusreserves | 4,276,245,864.64 | 4,276,245,864.64 |
| Retainedearnings | 49,037,197,880.37 | 49,617,932,431.73 |
| Equityattributabletoowners | 71,740,279,992.28 | 71,853,119,985.49 |
| Minorityinterests | 2,273,342,218.97 | 2,830,136,853.54 |
| TotalOwners’equity(orShareholders’equity) | 74,013,622,211.25 | 74,683,256,839.03 |
| Liabilitiesandowners'equity(orshareholders'equity)intotal | 187,321,694,926.71 | 190,171,127,138.27 |
Legalperson:ZhuHuarongChieffinancialofficer:ZhangDeyongTheheadofaccountingdepartment:ShiHaifeng
2.Balancesheet
InRMBYuan
| Account | 30June2024 | 1January2024 |
| Currentassets: | ||
| Cash | 43,872,608,287.07 | 44,029,520,088.62 |
| Tradingfinancialassets | 152,668,417.66 | 160,744,733.27 |
| Notesreceivable | 29,239,357,023.79 | 33,788,748,503.90 |
| Accountsreceivable | 13,256,145,398.51 | 8,579,504,025.23 |
| Prepayments | 248,679,818.62 | 112,547,088.73 |
| Otherreceivables | 461,694,766.87 | 237,247,787.26 |
| Including:dividendsreceivable | 22,469,320.00 | - |
| Inventories | 4,642,954,960.30 | 5,615,873,258.35 |
| Contractassets | 85,341,261.61 | 128,498,871.61 |
| Othercurrentassets | 224,524,115.71 | 5,522,797,370.57 |
| Totalcurrentassets | 92,183,974,050.14 | 98,175,481,727.54 |
| Non-currentassets: | ||
| Long-termequityinvestments | 19,784,344,631.78 | 19,435,450,021.37 |
| Investmentinotherequityinstruments | 504,190,082.71 | 504,190,082.71 |
| Fixedassets | 13,319,877,774.18 | 13,453,515,476.81 |
| Constructioninprogress | 1,544,281,630.52 | 1,407,521,918.44 |
| Right-of-useasset | 127,846,115.74 | 168,093,468.85 |
| Intangibleassets | 3,274,175,149.92 | 3,312,017,680.07 |
| Developmentexpenditure | 2,531,535,772.05 | 2,017,011,508.06 |
| Long-termdeferredexpenses | 18,777,059.34 | 21,709,036.17 |
| Deferredtaxassets | 2,825,475,532.51 | 2,774,652,958.37 |
| Othernon-currentassets | 1,850,000,000.00 | 450,000,000.00 |
| Totalnon-currentassets | 45,780,503,748.75 | 43,544,162,150.85 |
| TOTALASSETS | 137,964,477,798.89 | 141,719,643,878.39 |
| Currentliabilities: | ||
| Notespayable | 27,067,980,763.07 | 25,950,782,831.24 |
| Accountspayable | 22,070,303,341.95 | 23,842,258,668.42 |
| Contractliability | 2,949,612,898.96 | 4,606,921,633.17 |
| Payrollpayable | 2,560,749,341.58 | 1,919,102,689.66 |
| Taxespayable | 224,754,037.01 | 1,300,178,990.13 |
| Otherpayables | 2,871,795,581.74 | 3,236,371,408.79 |
| Non-currentliabilitieswithinoneyear | 85,324,798.98 | 56,170,742.39 |
| Othercurrentliabilities | 6,241,141,829.11 | 6,286,218,965.50 |
| Totalcurrentliabilities | 64,071,662,592.40 | 67,198,005,929.30 |
| Non-currentliabilities: | ||
| Long-termloans | 36,000,000.00 | 72,000,000.00 |
| Bondspayable | 999,656,603.76 | 999,607,547.16 |
| Leaseliability | 79,310,093.24 | 117,490,288.82 |
| Long-termpayables | 115,900,337.55 | 120,081,551.85 |
| Long-termpayrollpayable | 14,676,656.79 | 17,659,000.00 |
| Estimatedliabilities | 4,623,843,903.17 | 4,402,025,046.54 |
| DeferredRevenue | 563,864,707.05 | 603,864,707.08 |
| Deferredtaxliabilities | 195,239,883.03 | 197,625,245.62 |
| Othernon-currentliabilities | 1,503,921,144.12 | 1,287,646,146.69 |
| Totalnon-currentliabilities | 8,132,413,328.71 | 7,817,999,533.76 |
| Totalliabilities | 72,204,075,921.11 | 75,016,005,463.06 |
| Owners’equity(orShareholders’equity): | ||
| Sharecapital | 9,917,289,033.00 | 9,917,289,033.00 |
| Capitalreserves | 8,590,735,699.46 | 8,406,226,198.82 |
| Less:treasuryshares | 228,624,172.79 | 382,277,095.96 |
| Othercomprehensiveincome | 168,865,473.51 | 169,049,829.02 |
| Specialreserves | 42,073,086.49 | 19,514,786.95 |
| Surplusreserves | 4,276,245,864.64 | 4,276,245,864.64 |
| Retainedearnings | 42,993,816,893.47 | 44,297,589,798.86 |
| TotalOwners’equity(orShareholders’equity) | 65,760,401,877.78 | 66,703,638,415.33 |
| Liabilitiesandowners'equity(orshareholders'equity)intotal | 137,964,477,798.89 | 141,719,643,878.39 |
3.ConsolidatedIncomeStatement
InRMBYuan
| Account | CurrentPeriod | PriorPeriod |
| 1.Operatingrevenue | 76,722,649,723.79 | 65,492,098,869.01 |
| Less:Operatingcost | 66,134,307,155.12 | 54,790,036,298.76 |
| Taxandsurcharges | 2,053,229,071.41 | 2,186,174,248.99 |
| Operatingexpenses | 3,077,988,414.27 | 2,280,397,591.19 |
| Generalandadministrativeexpenses | 2,426,863,860.79 | 2,271,960,408.55 |
| Researchanddevelopmentexpenses | 2,912,092,313.40 | 2,964,604,104.48 |
| Financialexpenses | (549,385,364.01) | (453,268,104.89) |
| Interestexpense | 39,521,477.44 | 36,814,471.44 |
| Interestincome | 520,495,393.22 | 532,594,819.89 |
| Add:Otherincome | 1,442,510,651.32 | 657,988,649.18 |
| Investmentincome | 350,711,425.33 | 5,023,108,819.32 |
| Including:Investmentincomefromassociatesandjointventure | 252,582,688.73 | (180,436,966.53) |
| Gainsfromchangesinfairvalue | (35,024,179.42) | (23,334,661.15) |
| Creditimpairmentloss | 759,129.40 | (15,513,488.10) |
| Assetimpairmentloss | (146,269,535.60) | (397,274,160.99) |
| Gainondisposalofassets | 4,959,452.69 | 366,667,730.28 |
| 2.Operatingprofit | 2,285,201,216.53 | 7,063,837,210.47 |
| Add:Non-operatingincome | 46,291,779.69 | 93,295,575.81 |
| Less:Non-operatingexpenses | 19,101,827.75 | 13,498,961.02 |
| 3.Totalprofit | 2,312,391,168.47 | 7,143,633,825.26 |
| Less:Incometaxexpense | 65,628,900.78 | 176,620,825.19 |
| 4.Netprofit | 2,246,762,267.69 | 6,967,013,000.07 |
| Classificationbygoingconcern | ||
| Netprofitfromcontinuingoperations | 2,246,762,267.69 | 6,967,013,000.07 |
| Netprofitfromdiscontinuedoperations | ||
| Classificationbyownershipattribution | ||
| Netprofitattributabletoowners | 2,831,743,111.82 | 7,652,979,346.80 |
| Minorityinterests | (584,980,844.13) | (685,966,346.73) |
| 5.Othercomprehensiveincome,netoftax | 82,398,384.33 | 47,734,187.34 |
| Netafter-taxnetofothercomprehensiveincomeattributabletotheparentcompanyowner | 82,398,384.33 | 47,734,187.34 |
| (1)Othercomprehensiveincomethatcannotbereclassifiedintoprofitorloss | 2.89 | |
| Othercomprehensiveincomethatcannotbeconvertedtoprofitorlossundertheequitymethod | 2.89 | |
| (2)Othercomprehensiveincomethatwillbereclassified | 82,398,381.44 | 47,734,187.34 |
| intoprofitorloss | ||
| Othercomprehensiveincomethatcanbetransferredtoprofitorlossundertheequitymethod | (184,358.40) | |
| Foreigncurrencyfinancialstatementtranslationdifference | 82,582,739.84 | 47,734,187.34 |
| 6.Totalcomprehensiveincome | 2,329,160,652.02 | 7,014,747,187.41 |
| Totalcomprehensiveincomeattributabletoowners | 2,914,141,496.15 | 7,700,713,534.14 |
| Totalcomprehensiveincomeattributabletominorityinterest | (584,980,844.13) | (685,966,346.73) |
| 7.Earningspershare | ||
| Basicearningspershare | 0.29 | 0.78 |
| Dilutedearningspershare | 0.28 | 0.76 |
Legalperson:ZhuHuarongChieffinancialofficer:ZhangDeyongTheheadofaccountingdepartment:ShiHaifeng
4.IncomeStatement
InRMBYuan
| Account | CurrentPeriod | PriorPeriod |
| 1.Operatingrevenue | 54,820,842,795.87 | 54,376,375,197.21 |
| Less:Operatingcost | 49,023,998,757.68 | 46,041,110,508.89 |
| Taxandsurcharges | 1,250,733,898.43 | 1,453,554,280.40 |
| Operatingexpenses | 929,133,285.59 | 869,903,070.69 |
| Generalandadministrativeexpenses | 1,732,583,485.14 | 1,686,722,665.70 |
| Researchanddevelopmentexpenses | 1,968,586,574.98 | 2,538,873,301.65 |
| Financialexpenses | -333,400,647.01 | -368,021,413.76 |
| Interestexpense | 19,451,693.91 | 22,584,078.19 |
| Interestincome | 362,660,793.06 | 399,510,519.70 |
| Add:Otherincome | 1,224,353,991.64 | 657,920,000.00 |
| Investmentincome | 650,013,874.65 | 585,161,578.54 |
| Including:Investmentincomefromassociatesandjointventure | 279,687,665.28 | -141,552,078.57 |
| Gainsfromchangesinfairvalue | -8,076,315.61 | 32,897,781.54 |
| Creditimpairmentloss | 1,991,215.03 | 949,935.35 |
| Assetimpairmentloss | -61,110,316.71 | -288,325,731.15 |
| Gainondisposalofassets | 2,326,113.93 | 365,125,023.58 |
| 2.Operatingprofit | 2,058,706,003.99 | 3,507,961,371.50 |
| Add:Non-operatingincome | 27,829,161.89 | 81,107,919.29 |
| Less:Non-operatingexpenses | 11,262,143.58 | 11,520,621.79 |
| 3.Totalprofit | 2,075,273,022.30 | 3,577,548,669.00 |
| Less:Incometaxexpense | -33,431,735.49 | 173,767,038.35 |
| 4.Netprofit | 2,108,704,757.79 | 3,403,781,630.65 |
| Netprofitfromcontinuingoperations | 2,108,704,757.79 | 3,403,781,630.65 |
| Netprofitfromdiscontinuedoperations | ||
| 5.Othercomprehensiveincome,netoftax | -184,355.51 | |
| 6.Totalcomprehensiveincome | 2,108,520,402.28 | 3,403,781,630.65 |
5.Consolidatedcashflowstatement
InRMBYuan
| Account | CurrentPeriod | PriorPeriod |
| 1.Cashflowsfromoperatingactivities: | ||
| Cashreceivedfromsaleofgoodsorrenderingofservices | 87,402,094,857.95 | 73,931,703,144.09 |
| Refundsoftaxes | 2,283,448,047.92 | 1,199,246,444.10 |
| Cashreceivedrelatingtootheroperatingactivities | 2,197,893,615.37 | 1,753,218,395.89 |
| Subtotalofcashinflows | 91,883,436,521.24 | 76,884,167,984.08 |
| Cashpaidforgoodsandservices | 72,075,595,167.36 | 55,650,532,027.02 |
| Cashpaidtoandonbehalfofemployees | 5,227,942,331.33 | 4,415,366,034.62 |
| Cashpaidforalltypesoftaxes | 6,484,391,928.94 | 5,442,991,004.83 |
| Cashpaidrelatingtootheroperatingactivities | 4,660,406,353.08 | 4,419,822,204.02 |
| Subtotalofcashoutflows | 88,448,335,780.71 | 69,928,711,270.49 |
| Netcashflowsfromoperatingactivities | 3,435,100,740.53 | 6,955,456,713.59 |
| 2.Cashflowsfrominvestingactivities: | ||
| Cashreceivedfrominvestmentincome | 1,431,899.95 | 1,406,842.07 |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 270,398,351.71 | 35,915,330.45 |
| Cashreceivedrelatingtootherinvestingactivities | 8,070,357,180.56 | 6,216,944,276.29 |
| Subtotalofcashinflows | 8,342,187,432.22 | 6,254,266,448.81 |
| Cashpaidforacquisitionoffixedassets,intangibleassetsandotherlong-termassets | 1,198,526,301.30 | 857,592,457.14 |
| Cashpaidforacquisitionofinvestments | 68,253,846.00 | 137,000,000.00 |
| Cashpaidrelatingtootherinvestingactivities | 1,400,000,000.00 | |
| Subtotalofcashoutflows | 2,666,780,147.30 | 994,592,457.14 |
| Netcashflowsfrominvestingactivities | 5,675,407,284.92 | 5,259,673,991.67 |
| 3.Cashflowsfromfinancingactivities: | ||
| Absorbcashreceivedfrominvestment | 30,957,178.38 | 35,190,000.00 |
| Cashreceivedfromborrowing | 34,000,000.00 | 90,000,000.00 |
| Cashreceivedrelatingtootherfinancingactivities | 234,346,997.19 | 362,339,945.61 |
| Subtotalofcashinflows | 299,304,175.57 | 487,529,945.61 |
| Cashrepaymentsofborrowings | 10,000,000.00 | 629,000,000.00 |
| Cashpaidfordistributionofdividendsorprofitsandinterestexpenses | 3,416,455,425.29 | 6,163,524.40 |
| Cashpaidrelatingtootherfinancingactivities | 181,013,652.58 | 418,524,690.02 |
| Subtotalofcashoutflows | 3,607,469,077.87 | 1,053,688,214.42 |
| Netcashflowsfromfinancingactivities | (3,308,164,902.30) | (566,158,268.81) |
| 4.Effectofchangesinexchangerateoncash | (178,545,254.43) | 13,258,565.35 |
| 5.Netincreaseincashandcashequivalents | 5,623,797,868.72 | 11,662,231,001.80 |
| Add:Openingbalanceofcashandcashequivalents | 63,925,957,901.11 | 52,491,435,047.74 |
| 6.Closingbalanceofcashandcashequivalents | 69,549,755,769.83 | 64,153,666,049.54 |
6.Cashflowstatement
InRMBYuan
| Account | CurrentPeriod | PriorPeriod |
| 1.Cashflowsfromoperatingactivities: |
| Cashreceivedfromsaleofgoodsorrenderingofservices | 57,231,280,855.81 | 57,757,311,678.85 |
| Cashreceivedrelatingtootheroperatingactivities | 727,850.00 | 30,303,650.49 |
| Cashreceivedrelatingtootheroperatingactivities | 1,380,231,417.17 | 1,828,991,752.50 |
| Subtotalofcashinflows | 58,612,240,122.98 | 59,616,607,081.84 |
| Cashpaidforgoodsandservices | 49,289,218,463.82 | 43,276,597,110.68 |
| Cashpaidtoandonbehalfofemployees | 3,276,956,936.68 | 2,826,100,179.04 |
| Cashpaidforalltypesoftaxes | 2,785,805,002.92 | 3,421,770,360.23 |
| Cashpaidrelatingtootheroperatingactivities | 3,011,019,964.46 | 2,844,007,616.91 |
| Subtotalofcashoutflows | 58,363,000,367.88 | 52,368,475,266.86 |
| Netcashflowsfromoperatingactivities | 249,239,755.10 | 7,248,131,814.98 |
| 2.Cashflowsfrominvestingactivities: | ||
| Cashreceivedfrominvestmentrecovery | 298,979,999.95 | 1,556,842.07 |
| Cashreceivedfromreturnoninvestments | 12,748,015.59 | 8,857,134.39 |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 5,550,500,000.00 | |
| Subtotalofcashinflows | 5,862,228,015.54 | 10,413,976.46 |
| Cashpaidforacquisitionoffixedassets,intangibleassetsandotherlong-termassets | 1,020,364,923.37 | 723,218,813.52 |
| Cashpaidforacquisitionofinvestments | 308,253,846.00 | 1,069,135,009.18 |
| Subtotalofcashoutflows | 1,490,000,000.00 | |
| Netcashflowsfrominvestingactivities | 2,818,618,769.37 | 1,792,353,822.70 |
| 3.Cashflowsfromfinancingactivities: | ||
| Cashreceivedfromborrowings | 40,000,000.00 | |
| Subtotalofcashinflows | 40,000,000.00 | |
| Cashpaidfordebtrepayment | 600,000,000.00 | |
| Cashpaidfordistributionofdividendsorprofitsandinterestexpenses | 3,412,863,996.51 | 3,470,000.00 |
| Cashpaidrelatingtootherfinancingactivities | 40,217,966.73 | 32,666,733.27 |
| Subtotalofcashoutflows | 3,453,081,963.24 | 636,136,733.27 |
| Netcashflowsfromfinancingactivities | (3,453,081,963.24) | (596,136,733.27) |
| 4.Effectofchangesinexchangerateoncash | ||
| 5.Netincreaseincashandcashequivalents | (160,232,961.97) | 4,870,055,235.47 |
| Add:Openingbalanceofcashandcashequivalents | 44,023,772,482.14 | 44,732,418,327.28 |
| 6.Closingbalanceofcashandcashequivalents | 43,863,539,520.17 | 49,602,473,562.75 |
7.Consolidatedstatementofchangesinshareholders’equityCurrentPeriod
InRMBYuan
| Items | Currentperiod | ||||||||
| Equityattributabletoowners | Minorityinterest | Totalequity | |||||||
| Sharecapital | Capitalreserves | Less:Treasuryshares | Othercomprehensiveincome | Specialreserve | Surplusreserve | Retainedearnings | |||
| I.Atendoflastyear | 9,917,289,033.00 | 8,251,287,637.70 | 382,277,095.96 | 118,318,784.04 | 54,323,330.34 | 4,276,245,864.64 | 49,617,932,431.73 | 2,830,136,853.54 | 74,683,256,839.03 |
| II.Atbeginningofyear | 9,917,289,033.00 | 8,251,287,637.70 | 382,277,095.96 | 118,318,784.04 | 54,323,330.34 | 4,276,245,864.64 | 49,617,932,431.73 | 2,830,136,853.54 | 74,683,256,839.03 |
| III.Changesduringtheyear | 192,036,082.00 | (153,652,923.17) | 82,398,384.33 | 39,807,168.65 | (580,734,551.36) | (556,794,634.57) | (669,634,627.78) | ||
| 1.Totalcomprehensiveincome | 82,398,384.33 | 2,831,743,111.82 | (584,980,844.13) | 2,329,160,652.02 | |||||
| 2.Capitalcontributedbyownersandcapitaldecreases | 192,036,082.00 | (132,685,226.16) | 23,433,418.96 | 348,154,727.12 | |||||
| (1)Ordinarysharesinvestedbyowners | 30,960,000.00 | 30,960,000.00 | |||||||
| (2)Theamountofshare-basedpaymentincludedinowner'sequity | 181,288,200.00 | 181,288,200.00 | |||||||
| (3)Others | 10,747,882.00 | (132,685,226.16) | (7,526,581.04) | 135,906,527.12 | |||||
| 3.Distributionofprofit | (20,967,697.01) | (3,412,477,663.18) | (3,391,509,966.17) | ||||||
| (1)Distributiontoowners | (20,967,697.01) | (3,412,477,663.18) | (3,391,509,966.17) | ||||||
| 4.Internalcarryforwardofowner'sequity | |||||||||
| 5.Specialreserves | 39,807,168.65 | 4,752,790.60 | 44,559,959.25 | ||||||
| (1)Pick-upincurrentperiod | 63,437,107.75 | 5,888,705.99 | 69,325,813.74 | ||||||
| (2)Usedincurrentperiod | (23,629,939.10) | (1,135,915.39) | (24,765,854.49) | ||||||
| 6.Others | |||||||||
| IV.Atendofcurrentperiod | 9,917,289,033.00 | 8,443,323,719.70 | 228,624,172.79 | 200,717,168.37 | 94,130,498.99 | 4,276,245,864.64 | 49,037,197,880.37 | 2,273,342,218.97 | 74,013,622,211.25 |
Priorperiod
InRMBYuan
| Items | Priorperiod | ||||||||
| Equityattributabletoowners | Minorityinterest | Totalequity | |||||||
| Sharecapital | Capitalreserves | Less:Treasuryshares | Othercomprehensiveincome | Specialreserve | Surplusreserve | Retainedearnings | |||
| I.Atendoflastyear | 9,921,799,422.00 | 8,532,806,685.77 | 627,060,416.52 | 98,841,615.42 | 24,090,898.05 | 3,528,137,635.53 | 41,379,489,865.45 | 90,698,855.79 | 62,948,804,561.49 |
| II.Atbeginningofyear | 9,921,799,422.00 | 8,532,806,685.77 | 627,060,416.52 | 98,841,615.42 | 24,090,898.05 | 3,528,137,635.53 | 41,379,489,865.45 | 90,698,855.79 | 62,948,804,561.49 |
| III.Changesduringtheyear | (2,476,422.00) | (477,465,238.31) | (184,193,941.80) | 47,734,187.34 | 29,475,687.52 | 5,311,564,478.68 | 3,888,515,629.87 | 8,981,542,264.90 | |
| 1.Totalcomprehensiveincome | 47,734,187.34 | 7,652,979,346.80 | (685,966,346.73) | 7,014,747,187.41 | |||||
| 2.Capitalcontributedbyownersandcapitaldecreases | (2,476,422.00) | (477,465,238.31) | (157,449,592.97) | (322,492,067.34) | |||||
| (1)Theamountofshare-basedpaymentincludedinowner'sequity | |||||||||
| (2)Amountofsharebasedpaymentrecognizedinowner'sequity | 187,899,000.00 | 187,899,000.00 | |||||||
| (3)Others | (2,476,422.00) | (665,364,238.31) | (157,449,592.97) | (510,391,067.34) | |||||
| 3.Distributionofprofit | (26,744,348.83) | (2,341,414,868.12) | (150,000.00) | (2,314,820,519.29) | |||||
| (1)Distributiontoowners | (26,744,348.83) | (2,341,414,868.12) | (150,000.00) | (2,314,820,519.29) | |||||
| (2)Others | |||||||||
| 4.Internalcarryforwardofowner'sequity | |||||||||
| 5.Specialreserves | 29,475,687.52 | 29,475,687.52 | |||||||
| (1)Pick-upincurrentperiod | 64,708,453.30 | 64,708,453.30 | |||||||
| (2)Usedincurrentperiod | (35,232,765.78) | (35,232,765.78) | |||||||
| 6.Others | 4,574,631,976.60 | 4,574,631,976.60 | |||||||
| IV.Atendofcurrentperiod | 9,919,323,000.00 | 8,055,341,447.46 | 442,866,474.72 | 146,575,802.76 | 53,566,585.57 | 3,528,137,635.53 | 46,691,054,344.13 | 3,979,214,485.66 | 71,930,346,826.39 |
8.Statementofchangesinshareholders’equity
CurrentPeriod
InRMBYuan
| Items | Currentperiod | |||||||
| Sharecapital | Capitalreserves | Less:Treasuryshares | Othercomprehensiveincome | Specialreserve | Surplusreserve | Retainedearnings | Totalequity | |
| I.Atendoflastyear | 9,917,289,033.00 | 8,406,226,198.82 | 382,277,095.96 | 169,049,829.02 | 19,514,786.95 | 4,276,245,864.64 | 44,297,589,798.86 | 66,703,638,415.33 |
| II.Atbeginningofyear | 9,917,289,033.00 | 8,406,226,198.82 | 382,277,095.96 | 169,049,829.02 | 19,514,786.95 | 4,276,245,864.64 | 44,297,589,798.86 | 66,703,638,415.33 |
| III.Changesduringtheyear | 184,509,500.64 | (153,652,923.17) | (184,355.51) | 22,558,299.54 | (1,303,772,905.39) | (943,236,537.55) | ||
| 1.Totalcomprehensiveincome | (184,355.51) | 2,108,704,757.79 | 2,108,520,402.28 | |||||
| 2.Capitalcontributedbyownersandcapitaldecreases | 184,509,500.64 | (132,685,226.16) | 317,194,726.80 | |||||
| (1)Theamountofshare-basedpaymentincludedinowner'sequity | 181,288,200.00 | 181,288,200.00 | ||||||
| (2)Others | 3,221,300.64 | (132,685,226.16) | 135,906,526.80 | |||||
| 3.Distributionofprofit | (20,967,697.01) | (3,412,477,663.18) | (3,391,509,966.17) | |||||
| (1)Distributiontoowners | (20,967,697.01) | (3,412,477,663.18) | (3,391,509,966.17) | |||||
| 4.Internalcarryforwardofowner'sequity | ||||||||
| 5.Specialreserves | 22,558,299.54 | 22,558,299.54 | ||||||
| (1)Pick-upincurrentperiod | 36,217,694.10 | 36,217,694.10 | ||||||
| (2)Usedincurrentperiod | (13,659,394.56) | (13,659,394.56) | ||||||
| 6.Disposalofsubsidiaries | ||||||||
| IV.Atendofcurrentperiod | 9,917,289,033.00 | 8,590,735,699.46 | 228,624,172.79 | 168,865,473.51 | 42,073,086.49 | 4,276,245,864.64 | 42,993,816,893.47 | 65,760,401,877.78 |
Priorperiod
InRMBYuan
| Items | Priorperiod | |||||||
| Sharecapital | Capitalreserves | Less:Treasuryshares | Othercomprehensiveincome | Specialreserve | Surplusreserve | Retainedearnings | Totalequity | |
| I.Atendoflastyear | 9,921,799,422.00 | 8,047,195,325.61 | 627,060,416.52 | 157,416,810.63 | 10,285,640.79 | 3,528,137,635.53 | 39,906,030,604.91 | 60,943,805,022.95 |
| II.Atbeginningofyear | 9,921,799,422.00 | 8,047,195,325.61 | 627,060,416.52 | 157,416,810.63 | 10,285,640.79 | 3,528,137,635.53 | 39,906,030,604.91 | 60,943,805,022.95 |
| III.Changesduringtheyear | (2,476,422.00) | 180,705,090.69 | (184,193,941.80) | 13,850,533.06 | 1,062,366,762.53 | 1,438,639,906.08 | ||
| 1.Totalcomprehensiveincome | 3,403,781,630.65 | 3,403,781,630.65 | ||||||
| 2.Capitalcontributedbyownersandcapitaldecreases | (2,476,422.00) | 180,705,090.69 | (157,449,592.97) | 335,678,261.66 | ||||
| (1)Theamountofshare-basedpaymentincludedinowner'sequity | 187,899,000.00 | 187,899,000.00 | ||||||
| (2)Others | (2,476,422.00) | (7,193,909.31) | (157,449,592.97) | 147,779,261.66 | ||||
| 3.Distributionofprofit | (26,744,348.83) | (2,341,414,868.12) | (2,314,670,519.29) | |||||
| Distributiontoowners | (26,744,348.83) | (2,341,414,868.12) | (2,314,670,519.29) | |||||
| 4.Internalcarryforwardofowner'sequity | ||||||||
| 5.Specialreserves | 13,850,533.06 | 13,850,533.06 | ||||||
| (1)Pick-upincurrentperiod | 32,871,513.66 | 32,871,513.66 | ||||||
| (2)Usedincurrentperiod | (19,020,980.60) | (19,020,980.60) | ||||||
| 6.Disposalofsubsidiaries | ||||||||
| IV.Atendofcurrentperiod | 9,919,323,000.00 | 8,227,900,416.30 | 442,866,474.72 | 157,416,810.63 | 24,136,173.85 | 3,528,137,635.53 | 40,968,397,367.44 | 62,382,444,929.03 |
III.CORPORATEINFORMATIONChongqingChanganAutomobileCo.,Ltd.(hereinafterreferredtoas"theCompany"or"theCompany")isalimitedliabilitycompanyregisteredinChongqinginOctober1996.ListedontheShenzhenStockExchangeinJune1997.AsofJune30th,2024,thetotalissuedsharecapitaloftheCompanyis9917289033shares,registeredat260JianxinEastRoad,JiangbeiDistrict,Chongqing,China,withanofficeaddressatBuildingT2,FinancialCity2,No.61DongshengmenRoad,JiangbeiDistrict,Chongqing,China.Themainbusinessactivitiesengagedinbyourcompanyincludethemanufacturingandsalesofautomobiles(includingsedans),automobileengineseriesproducts,andsupportingcomponents.TheparentcompanyofourcompanyisChinaChanganAutomobileGroupCo.,Ltd.,andtheultimatecontrollingpartyofourcompanyisChinaOrdnanceEquipmentGroupCo.,Ltd.IV.BASISOFPREPARATION
1.BasisofcompilationThisfinancialstatementhasbeenpreparedinaccordancewiththe"EnterpriseAccountingStandards-BasicStandards"issuedbytheMinistryofFinance,variousspecificaccountingstandards,applicationguidelinesforenterpriseaccountingstandards,interpretationsofenterpriseaccountingstandards,andotherrelevantregulations(hereinafterreferredtoas"EnterpriseAccountingStandards"),aswellastherelevantprovisionsofthe"InformationDisclosureandReportingRulesforCompaniesthatPubliclyIssueSecuritiesNo.15-GeneralProvisionsonFinancialReports"issuedbytheChinaSecuritiesRegulatoryCommission.
2.Going-concernThefinancialstatementsarepresentedonagoingconcernbasis.
V.SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES
1.StatementofcompliancewithAccountingStandardsforBusinessEnterprisesThefinancialstatementspresentfairlyandfully,thefinancialpositionofthecompanyon30thJune2024andthefinancialresultsandthecashflowsinthehalfyearof2024thenendedinaccordancewithAccountingStandardsforBusinessEnterprises.
2.AccountingyearTheaccountingyearoftheGroupisfrom1Januaryto31Decemberofeachcalendaryear.
3.FunctionalcurrencyTheGroup’sfunctionalandreportingcurrencyistheRenminbi(“RMB”).Unlessotherwisestated,theunitofthecurrencyisYuan.EachentityintheGroupdeterminesitsownfunctionalcurrencyinaccordancewiththeoperatingcircumstances.Attheendofthereportingperiod,theforeigncurrencyfinancialstatementsaretranslatedintothereportingcurrencyoftheCompanyofRMB.
4.AccountingtreatmentmethodsformergersofenterprisesunderthesamecontrolandthosenotunderthesamecontrolBusinesscombinationinvolvingentitiesundercommoncontrolTheassetsandliabilitiesacquiredbythemergingpartyinabusinessmerger(includinggoodwillformedbytheultimatecontrollingparty'sacquisitionofthemergedparty)shallbemeasuredbasedonthecarryingamountofthemergedparty'sassetsandliabilitiesintheconsolidatedfinancialstatementsoftheultimatecontrollingpartyonthemergerdate.Thedifferencebetweenthebookvalueofnetassetsobtainedinthemergerandthebookvalueofthemergerconsiderationpaid(orthetotalfacevalueoftheissuedshares)shallbeadjustedtothesharepremiuminthecapitalreserve.Ifthesharepremiuminthecapitalreserveisinsufficienttooffset,theretainedearningsshallbeadjusted.BusinesscombinationinvolvingentitiesnotundercommoncontrolThemergercostisthefairvalueoftheassets,liabilities,andequitysecuritiesissuedbytheacquirerontheacquisitiondatetoobtaincontroloftheacquiredparty.Thedifferencebetweenthemergercostandthefairvalueoftheidentifiablenetassetsacquiredfrom
theacquiredpartyinthemergerisrecognizedasgoodwill;Thedifferencebetweenthemergercostandthefairvalueoftheidentifiablenetassetsacquiredfromtheacquiredpartyinthemergershallberecognizedinthecurrentperiod'sprofitandloss.Theidentifiableassets,liabilities,andcontingentliabilitiesacquiredfromtheacquiredpartyinthemergerthatmeettherecognitioncriteriashallbemeasuredatfairvalueontheacquisitiondate.Thedirectlyrelatedexpensesincurredforthemergerofenterprisesshallbeincludedinthecurrentperiod'sprofitandlossatthetimeofoccurrence;Thetransactioncostsofissuingequitysecuritiesordebtsecuritiesforcorporatemergersshallbeincludedintheinitialrecognitionamountofequitysecuritiesordebtsecurities.
5.JudgmentcriteriaforcontrolandpreparationmethodsforconsolidatedfinancialstatementsJudgmentcriteriaforcontrolTheconsolidationscopeoftheconsolidatedfinancialstatementsisdeterminedbasedoncontrol,whichincludesthecompanyandallitssubsidiaries.Controlreferstothecompanyhavingthepowerovertheinvestee,enjoyingvariablereturnsthroughparticipationinrelatedactivitiesoftheinvestee,andhavingtheabilitytouseitspowerovertheinvesteetoinfluenceitsreturnamount.MergeProgramOurcompanyregardstheentireenterprisegroupasanaccountingentityandpreparesconsolidatedfinancialstatementsinaccordancewithunifiedaccountingpolicies,reflectingtheoverallfinancialcondition,operatingresults,andcashflowsofourenterprisegroup.Theimpactofinternaltransactionsbetweenourcompanyanditssubsidiaries,aswellasbetweensubsidiariesthemselves,shallbeoffset.Ifinternaltransactionsindicateimpairmentlossesonrelatedassets,thefullamountofsuchlossesshallberecognized.Iftheaccountingpoliciesandaccountingperiodsadoptedbythesubsidiaryareinconsistentwiththoseofthecompany,necessaryadjustmentsshallbemadeinaccordancewiththeaccountingpoliciesandaccountingperiodsofthecompanywhenpreparingtheconsolidatedfinancialstatements.Theequityofsubsidiaryowners,currentnetprofitandloss,andcurrentcomprehensiveincomebelongingtominorityshareholdersareseparatelylistedundertheequityitem,netprofititem,andtotalcomprehensiveincomeitemintheconsolidatedbalancesheet.Ifthecurrentlossessharedbyminorityshareholdersofasubsidiaryexceedthebalanceformedbytheminorityshareholders'shareofthesubsidiary'sinitialowner'sequity,theminorityshareholders'equityshallbeoffset.
(1)AddsubsidiariesorbusinessesDuringthereportingperiod,ifasubsidiaryorbusinessisaddedduetoamergerofenterprisesunderthesamecontrol,theoperatingresultsandcashflowsofthesubsidiaryorbusinessfromthebeginningofthecurrentperiodtotheendofthereportingperiodshallbeincludedintheconsolidatedfinancialstatements.Atthesametime,adjustmentsshallbemadetotheopeningbalanceoftheconsolidatedfinancialstatementsandrelevantitemsinthecomparativestatements,asifthemergedreportingentityhadexistedsincethetimewhentheultimatecontrollingpartybegantocontrolit.Forequityinvestmentsheldbeforeobtainingcontroloftheinvesteeunderthesamecontrolduetoadditionalinvestmentsorotherreasons,therelevantgainsandlosses,othercomprehensiveincome,andotherchangesinnetassetsrecognizedbetweenthedateofacquisitionoftheoriginalequityandthedatewhenboththeacquirerandtheinvesteeareunderthesamecontroluntilthemergerdateshallbeoffsetagainstthebeginningretainedearningsorcurrentperiodgainsandlossesduringthecomparativereportingperiod.Duringthereportingperiod,ifasubsidiaryorbusinessisaddedduetoamergerofenterprisesnotunderthesamecontrol,thefairvalueofidentifiableassets,liabilities,andcontingentliabilitiesdeterminedontheacquisitiondateshallbeincludedintheconsolidatedfinancialstatementsfromtheacquisitiondateonwards.Ifitispossibletoexercisecontroloveraninvesteethatisnotunderthesamecontrolduetoadditionalinvestmentorotherreasons,theequityheldintheinvesteebeforethepurchasedateshallberemeasuredatitsfairvalueonthepurchasedate,andthedifferencebetweenthefairvalueanditsbookvalueshallbeincludedinthecurrentinvestmentincome.Theequityofthepurchasedpartyheldbeforethepurchasedate,whichcanbereclassifiedintoprofitorlossinthefuture,andotherchangesinowner'sequityaccountedforundertheequitymethod,shallbeconvertedintoinvestmentincomeforthecurrentperiodtowhichthepurchasedatebelongs.
(2)Disposalofsubsidiaries
①GeneralhandlingmethodWhencontrolovertheinvesteeislostduetothedisposalofsomeequityinvestmentsorotherreasons,theremainingequityinvestmentsafterdisposalshallberemeasuredattheirfairvalueonthedateoflossofcontrol.Thedifferencebetweentheconsiderationobtainedfromthedisposalofequityandthefairvalueoftheremainingequity,minustheshareofnetassetsoftheoriginalsubsidiarythatshouldbeenjoyedcontinuouslyfromthepurchasedateormergerdateandthesumofgoodwillcalculatedbasedontheoriginalshareholdingratio,shallbeincludedintheinvestmentincomeofthecurrentperiodwhencontrolislost.Othercomprehensiveincomerelatedtoequityinvestmentsinexistingsubsidiariesthatcanbereclassifiedintoprofitorlossinthefuture,aswellaschangesinotherowner'sequityaccountedforundertheequitymethod,areconvertedintocurrentinvestmentincomeupon
lossofcontrol.②StepbystepdisposalofsubsidiariesIftheequityinvestmentinasubsidiaryisdisposedofthroughmultipletransactionsuntilcontrolislost,andtheterms,conditions,andeconomicimpactofeachtransactionfordisposingoftheequityinvestmentinthesubsidiarymeetoneormoreofthefollowingsituations,itusuallyindicatesthatthemultipletransactionsareapackagedeal:
I.Thesetransactionswereenteredintosimultaneouslyortakingintoaccounttheirmutualinfluence;II.Thesetransactionsasawholearenecessarytoachieveacompletebusinessoutcome;III.Theoccurrenceofatransactiondependsontheoccurrenceofatleastoneothertransaction;IV.Whenviewedalone,atransactionmaynotbeeconomical,butwhenconsideredtogetherwithothertransactions,itiseconomical.Ifeachtransactionbelongstoapackagedeal,itshallbeaccountedforasatransactionfordisposingofasubsidiaryandlosingcontrol;Beforelosingcontrol,thedifferencebetweenthedisposalpriceandtheshareofnetassetsofthesubsidiarycorrespondingtothedisposalinvestmentisrecognizedasothercomprehensiveincomeintheconsolidatedfinancialstatements,andistransferredtothecurrentperiod'sprofitorlossuponlossofcontrol.Ifthevarioustransactionsdonotbelongtoapackagedeal,accountingtreatmentshallbecarriedoutforthepartialdisposalofequityinvestmentsinsubsidiarieswithoutlosingcontrolbeforelosingcontrol;Whenlosingcontrol,accountingtreatmentshouldbecarriedoutaccordingtothegeneraltreatmentmethodfordisposingofsubsidiaries.
(3)PurchaseminorityequityofsubsidiaryThedifferencebetweenthelong-termequityinvestmentacquiredthroughthepurchaseofminorityequityandthenetassetshareofthesubsidiarythatshouldbecontinuouslycalculatedfromthedateofpurchaseormergerbasedonthenewlyaddedshareholdingratioshallbeadjustedbyadjustingthesharepremiuminthecapitalreserveintheconsolidatedbalancesheet.Ifthesharepremiuminthecapitalreserveisinsufficienttooffset,theretainedearningsshallbeadjusted.
(4)PartialdisposalofequityinvestmentsinsubsidiarieswithoutlosingcontrolThedifferencebetweenthedisposalpriceandtheshareofnetassetsofthesubsidiarythatcorrespondstothedisposaloflong-termequityinvestments,calculatedcontinuouslyfromthedateofpurchaseormerger,shallbeadjustedbyadjustingthesharepremiuminthecapitalreserveintheconsolidatedbalancesheet.Ifthesharepremiuminthecapitalreserveisinsufficienttooffset,theretainedearningsshallbeadjusted.
6.CashandcashequivalentsCashcomprisescashonhandandbankdepositswhichcanbeusedforpaymentatanytime;Cashequivalentsareshort-term,highlyliquidinvestmentsheldbytheGroup,thatarereadilyconvertibletoknownamountsofcashandwhicharesubjecttoaninsignificantriskofchangesinvalue.
7.ForeigncurrencytranslationForeigncurrencytransactionsForeigncurrencytransactionsusethespotexchangerateonthetransactiondateastheconversionratetoconvertforeigncurrencyamountsintoRMBforaccountingpurposes.Thebalanceofforeigncurrencymonetaryitemsonthebalancesheetdateistranslatedatthespotexchangerateonthebalancesheetdate.Anyexchangedifferencesarisingfromthisarerecognizedinthecurrentperiod'sprofitorloss,exceptforthoserelatedtoforeigncurrencyborrowingsfortheacquisitionandconstructionofassetsthatmeetcapitalizationcriteria,whicharetreatedinaccordancewiththeprincipleofcapitalizingborrowingcosts.TranslationofforeigncurrencyfinancialstatementsTheassetandliabilityitemsinthebalancesheetaretranslatedusingthespotexchangerateonthebalancesheetdate;Exceptforthe"undistributedprofits"item,allotherowner'sequityitemsareconvertedatthespotexchangerateatthetimeofoccurrence.Theincomeandexpenseitemsintheincomestatementareconvertedusingthespotexchangerateonthetransactiondate.Whendisposingofoverseasoperations,theforeigncurrencyfinancialstatementtranslationdifferencesrelatedtotheoverseasoperationsshallbetransferredfromtheowner'sequityitemtothecurrentprofitandlossfordisposal.
8.FinancialinstrumentsWhenthecompanybecomesapartytoafinancialinstrumentcontract,itrecognizesafinancialasset,financialliability,orequity
instrument.Theowner'sequityitemsaretransferredtothecurrentperiod'sprofitandlossfordisposal.ClassificationoffinancialinstrumentsBasedonthebusinessmodelofmanagingfinancialassetsandthecontractualcashflowcharacteristicsoffinancialassets,financialassetsareclassifiedatinitialrecognitionasfollows:financialassetsmeasuredatamortizedcost,financialassetsmeasuredatfairvaluewithchangesinfairvaluerecognizedinothercomprehensiveincome,andfinancialassetsmeasuredatfairvaluewithchangesinfairvaluerecognizedincurrentprofitorloss.Ourcompanyclassifiesfinancialassetsthatmeetthefollowingconditionsandhavenotbeendesignatedasmeasuredatfairvaluewithchangesrecognizedincurrentprofitorlossasfinancialassetsmeasuredatamortizedcost:
-Thebusinessmodelaimstocollectcontractualcashflows;-Thecashflowofthecontractisonlyforthepaymentofprincipalandinterestbasedontheunpaidprincipalamount.TheCompanywillclassifyfinancialassets(debtinstruments)thatmeetthefollowingconditionsandhavenotbeendesignatedasmeasuredatfairvaluewithchangesinfairvaluerecognizedincurrentprofitorlossasfinancialassetsmeasuredatfairvaluewithchangesinfairvaluerecognizedinothercomprehensiveincome:
-Thebusinessmodelaimstobothcollectcontractualcashflowsandsellthefinancialasset;-Thecashflowofthecontractisonlyforthepaymentofprincipalandinterestbasedontheunpaidprincipalamount.Fornontradingequityinstrumentinvestments,theCompanymayirrevocablydesignatethemasfinancialassets(equityinstruments)measuredatfairvaluewithchangesrecognizedinothercomprehensiveincomeuponinitialrecognition.Thisdesignationismadeonthebasisofasingleinvestment,andtherelatedinvestmentmeetsthedefinitionofanequityinstrumentfromtheissuer'sperspective.Exceptforthefinancialassetsmeasuredatamortizedcostandmeasuredatfairvaluewithchangesinfairvaluerecognizedinothercomprehensiveincomementionedabove,theCompanyclassifiesallotherfinancialassetsasfinancialassetsmeasuredatfairvaluewithchangesinfairvaluerecognizedincurrentprofitorloss.Financialliabilitiesareclassifiedatinitialrecognitionasfollows:financialliabilitiesmeasuredatfairvaluewithchangesrecognizedinprofitorlossandfinancialliabilitiesmeasuredatamortizedcost.Recognitioncriteriaandmeasurementmethodsforfinancialinstruments
(1)FinancialassetsmeasuredatamortizedcostFinancialassetsmeasuredatamortizedcostincludenotesreceivable,accountsreceivable,otherreceivables,long-termreceivables,debtinvestments,etc.Theyareinitiallymeasuredatfairvalue,andrelatedtransactioncostsareincludedintheinitialrecognitionamount;Accountsreceivablethatdonotincludesignificantfinancingcomponentsandaccountsreceivableforwhichthecompanyhasdecidednottoconsiderfinancingcomponentsthatdonotexceedoneyearshallbeinitiallymeasuredatthecontracttransactionprice.Theinterestcalculatedusingtheeffectiveinterestratemethodduringtheholdingperiodisincludedinthecurrentperiod'sprofitandloss.Whenrecoveringordisposingof,thedifferencebetweentheproceedsobtainedandthebookvalueofthefinancialassetshallberecognizedinthecurrentperiod'sprofitandloss.
(2)Financialassets(debtinstruments)measuredatfairvaluewithchangesrecognizedinothercomprehensiveincomeFinancialassets(debtinstruments)measuredatfairvaluewithchangesinfairvaluerecognizedinothercomprehensiveincome,includingaccountsreceivablefinancing,otherdebtinvestments,etc.,areinitiallymeasuredatfairvalueandrelatedtransactioncostsareincludedintheinitialrecognitionamount.Thefinancialassetissubsequentlymeasuredatfairvalue,andchangesinfairvaluearerecognizedinothercomprehensiveincome,exceptforinterest,impairmentlossesorgains,andexchangegainsorlossescalculatedusingtheeffectiveinterestratemethod.Whenterminatingrecognition,thecumulativegainsorlossespreviouslyrecognizedinothercomprehensiveincomearetransferredfromothercomprehensiveincomeandrecognizedinthecurrentperiod'sprofitorloss.
(3)Financialassets(equityinstruments)measuredatfairvaluewithchangesrecognizedinothercomprehensiveincomeFinancialassets(equityinstruments)measuredatfairvaluewithchangesinfairvaluerecognizedinothercomprehensiveincome,includingotherequityinstrumentinvestments,areinitiallymeasuredatfairvalueandrelatedtransactioncostsareincludedintheinitialrecognitionamount.Thefinancialassetissubsequentlymeasuredatfairvalue,andchangesinfairvaluearerecognizedinothercomprehensiveincome.Thedividendsobtainedarerecognizedinthecurrentperiod'sprofitandloss.Whenterminatingrecognition,thecumulativegainsorlossespreviouslyrecognizedinothercomprehensiveincomearetransferredfromothercomprehensiveincomeandrecordedinretainedearnings.
(4)FinancialassetsmeasuredatfairvaluewithchangesrecognizedincurrentprofitorlossFinancialassetsmeasuredatfairvaluewithchangesrecognizedincurrentprofitorlossincludetradingfinancialassets,derivativefinancialassets,othernoncurrentfinancialassets,etc.Theyareinitiallymeasuredatfairvalue,andrelatedtransactioncostsarerecognizedincurrentprofitorloss.Thefinancialassetissubsequentlymeasuredatfairvalue,andchangesinfairvaluearerecognizedinthecurrentperiod'sprofitorloss.
(5)FinancialliabilitiesmeasuredatfairvaluewithchangesrecognizedincurrentprofitorlossFinancialliabilitiesmeasuredatfairvaluewithchangesrecognizedincurrentprofitorloss,includingtradingfinancialliabilities,derivativefinancialliabilities,etc.,areinitiallymeasuredatfairvalueandrelatedtransactioncostsarerecognizedincurrentprofitorloss.Thefinancialliabilityissubsequentlymeasuredatfairvalue,andchangesinfairvaluearerecognizedinthecurrentperiod'sprofitorloss.Whenterminatingrecognition,thedifferencebetweenitsbookvalueandtheconsiderationpaidisrecognizedinthecurrentperiod'sprofitorloss.
(6)FinancialliabilitiesmeasuredatamortizedcostFinancialliabilitiesmeasuredatamortizedcostincludeshort-termborrowings,notespayable,accountspayable,otherpayables,long-termborrowings,bondspayable,andlong-termpayables,whichareinitiallymeasuredatfairvalueandrelatedtransactioncostsareincludedintheinitialrecognitionamount.Theinterestcalculatedusingtheeffectiveinterestratemethodduringtheholdingperiodisincludedinthecurrentperiod'sprofitandloss.Whenterminatingrecognition,thedifferencebetweentheconsiderationpaidandthecarryingamountofthefinancialliabilityshallberecognizedinthecurrentperiod'sprofitorloss.RecognitioncriteriaandmeasurementmethodsforderecognitionoffinancialassetsandtransferoffinancialassetsWhenoneofthefollowingconditionsismet,thecompanywillterminatetherecognitionoffinancialassets:
-Terminationofcontractualrightstoreceivecashflowsfromfinancialassets;-Thefinancialassetshavebeentransferredandalmostallrisksandrewardsofownershipofthefinancialassetshavebeentransferredtothetransferee;-Thefinancialassetshavebeentransferred,althoughthecompanyhasneithertransferrednorretainedalmostalltherisksandrewardsofownershipofthefinancialassets,ithasnotretainedcontroloverthefinancialassets.IftheCompanymodifiesorrenegotiatesacontractwithacounterpartythatconstitutesasubstantialmodification,therecognitionoftheoriginalfinancialassetshallbeterminated,andanewfinancialassetshallberecognizedinaccordancewiththemodifiedterms.Whenafinancialassettransferoccurs,ifalmostalltherisksandrewardsofownershipofthefinancialassetareretained,therecognitionofthefinancialassetshallnotbeterminated.Whendeterminingwhetherthetransferoffinancialassetsmeetstheaboveconditionsforterminationofrecognitionoffinancialassets,theprincipleofsubstanceoverformisadopted.Thecompanydividesthetransferoffinancialassetsintooveralltransferandpartialtransfer.Iftheoveralltransferoffinancialassets
meetstheconditionsforterminationofrecognition,thedifferencebetweenthefollowingtwoamountsshallberecognizedinthecurrentperiod'sprofitandloss:
(1)Thebookvalueofthetransferredfinancialassets;
(2)Thesumoftheconsiderationreceivedasaresultofthetransferandthecumulativeamountoffairvaluechangesoriginallyrecognizeddirectlyinowner'sequity(inthecaseoffinancialassets(debtinstruments)measuredatfairvaluewithchangesrecognizedinothercomprehensiveincome).Ifthepartialtransferoffinancialassetsmeetstheterminationrecognitionconditions,theoverallbookvalueofthetransferredfinancialassetsshallbeamortizedbetweentheterminatedrecognitionportionandthenonterminatedrecognitionportionbasedontheirrespectiverelativefairvalues,andthedifferencebetweenthefollowingtwoamountsshallberecognizedinthecurrentperiod'sprofitandloss:
(1)Terminatethebookvalueoftheconfirmedportion;
(2)Theconsiderationforthederecognizedportionisthesumoftheamountcorrespondingtothederecognizedportionofthecumulativefairvaluechangesthatwereoriginallydirectlyrecognizedinowner'sequity(inthecaseoffinancialassets(debtinstruments)thataremeasuredatfairvalueandwhosechangesarerecognizedinothercomprehensiveincome).Ifthetransferoffinancialassetsdoesnotmeettheterminationrecognitioncriteria,thefinancialassetsshallcontinuetoberecognized,andtheconsiderationreceivedshallberecognizedasafinancialliability.TerminationofrecognitionoffinancialliabilitiesIfthecurrentobligationsofafinancialliabilityhavebeenfullyorpartiallyreleased,therecognitionofthatfinancialliabilityoraportionthereofshallbeterminated;Ifourcompanysignsanagreementwithcreditorstoreplaceexistingfinancialliabilitiesbyassumingnewfinancialliabilities,andthecontracttermsofthenewfinancialliabilitiesaresubstantiallydifferentfromthoseoftheexistingfinancialliabilities,wewillterminatetherecognitionoftheexistingfinancialliabilitiesandrecognizethenewfinancialliabilitiesatthesametime.Ifsubstantialmodificationsaremadetoallorpartofthecontractualtermsofanexistingfinancialliability,therecognitionoftheexistingfinancialliabilityoraportionthereofshallbeterminated,andthemodifiedfinancialliabilityshallberecognizedasanewfinancialliability.Whenallorpartofafinancialliabilityisderecognized,thedifferencebetweenthecarryingamountofthederecognizedfinancialliabilityandtheconsiderationpaid(includingnoncashassetstransferredoutornewfinancialliabilitiesassumed)isrecognizedinthecurrentperiod'sprofitorloss.Ifthecompanyrepurchasesaportionofitsfinancialliabilities,theoverallbookvalueofthefinancialliabilitiesshallbeallocatedontherepurchasedatebasedontherelativefairvalueofthecontinuingrecognitionportionandthederecognizedportion.Thedifferencebetweenthebookvalueallocatedtothederecognizedportionandtheconsiderationpaid(includingnoncashassetstransferredoutornewfinancialliabilitiesassumed)isrecognizedinthecurrentperiod'sprofitorloss.MethodfordeterminingthefairvalueoffinancialassetsandfinancialliabilitiesFinancialinstrumentswithanactivemarketaredeterminedatfairvaluebasedontheirquotedpricesintheactivemarket.Financialinstrumentswithoutanactivemarketarevaluedusingvaluationtechniquestodeterminetheirfairvalue.Invaluation,ourcompanyadoptsvaluationtechniquesthatareapplicableinthecurrentsituationandsupportedbysufficientavailabledataandotherinformation,selectsinputvaluesthatareconsistentwiththeassetorliabilitycharacteristicsconsideredbymarketparticipantsintransactionsrelatedtotheassetorliability,andprioritizestheuseofrelevantobservableinputvalues.Onlywhentherelevantobservableinputvaluescannotbeobtainedorarenotfeasibletoobtain,shouldunobservableinputvaluesbeused.TestingandaccountingtreatmentmethodsforimpairmentoffinancialinstrumentsOurcompanyperformsimpairmentaccountingtreatmentonfinancialassetsmeasuredatamortizedcost,financialassetsmeasuredatfairvaluewithchangesinfairvaluerecognizedinothercomprehensiveincome(debtinstruments),andfinancialguaranteecontractsbasedonexpectedcreditlosses.Ourcompanyconsidersreasonableandevidence-basedinformationregardingpastevents,currentconditions,andpredictionsoffutureeconomicconditions,andusestheriskofdefaultasaweighttocalculatetheprobabilityweightedamountofthepresentvalueofthedifferencebetweenthecashflowsreceivableunderthecontractandtheexpectedcashflowstobereceived,inorderto
recognizeexpectedcreditlosses.ForaccountsreceivableandcontractassetsformedbytransactionsregulatedbytheAccountingStandardsforBusinessEnterprisesNo.14-Revenue,regardlessofwhethertheycontainsignificantfinancingcomponents,theCompanyalwaysmeasuresitslossprovisionatanamountequivalenttotheexpectedcreditlossthroughouttheentireexistenceperiod.ForleasereceivablesarisingfromtransactionsregulatedbyAccountingStandardsforBusinessEnterprisesNo.21-Leases,theCompanychoosestoalwaysmeasureitslossprovisionatanamountequivalenttotheexpectedcreditlossovertheentireduration.Forotherfinancialinstruments,theCompanyevaluatesthechangesincreditriskoftherelevantfinancialinstrumentssinceinitialrecognitiononeachbalancesheetdate.Ourcompanycomparestheriskofdefaultoffinancialinstrumentsonthebalancesheetdatewiththeriskofdefaultontheinitialrecognitiondatetodeterminetherelativechangeindefaultriskduringtheexpectedlifespanoffinancialinstruments,inordertoassesswhetherthecreditriskoffinancialinstrumentshassignificantlyincreasedsinceinitialrecognition.Usually,iftheoverdueperiodexceeds30days,ourcompanyconsidersthatthecreditriskofthefinancialinstrumenthassignificantlyincreased,unlessthereisconclusiveevidencetoprovethatthecreditriskofthefinancialinstrumenthasnotsignificantlyincreasedsinceinitialrecognition.Ifthecreditriskofafinancialinstrumentonthebalancesheetdateislow,theCompanyconsidersthatthecreditriskofthefinancialinstrumenthasnotsignificantlyincreasedsinceinitialrecognition.Ifthecreditriskofthefinancialinstrumenthassignificantlyincreasedsinceitsinitialrecognition,theCompanyshallmeasureitslossprovisionbasedonanamountequivalenttotheexpectedcreditlossofthefinancialinstrumentthroughoutitsentirelifecycle;Ifthecreditriskofthefinancialinstrumenthasnotsignificantlyincreasedsinceinitialrecognition,theCompanymeasuresitslossprovisionbasedonanamountequivalenttotheexpectedcreditlossofthefinancialinstrumentinthenext12months.Theincreaseorreversalamountoflossprovisionresultingfromthisshallberecognizedasimpairmentlossorgaininthecurrentperiod'sincomestatement.Forfinancialassets(debtinstruments)measuredatfairvaluewithchangesrecognizedinothercomprehensiveincome,aprovisionforlossesisrecognizedinothercomprehensiveincomeandimpairmentlossesorgainsarerecognizedinthecurrentperiod'sprofitorloss,withoutreducingthecarryingvalueofthefinancialassetasshowninthebalancesheet.
9.ContractassetsConfirmationmethodsandstandardsforcontractassetsOurcompanylistscontractassetsorcontractliabilitiesinthebalancesheetbasedontherelationshipbetweenfulfillingperformanceobligationsandcustomerpayments.Therightofourcompanytoreceiveconsiderationforthetransferofgoodsorprovisionofservicestocustomers(subjecttofactorsotherthanthepassageoftime)islistedasacontractualasset.Thecontractassetsandcontractliabilitiesunderthesamecontractarepresentedonanetbasis.Theunconditional(subjectonlytothepassageoftime)rightofourcompanytocollectconsiderationfromcustomersisseparatelylistedasaccountsreceivable.DeterminationmethodandaccountingtreatmentmethodforexpectedcreditlossesofcontractassetsThedeterminationmethodandaccountingtreatmentmethodforexpectedcreditlossesofcontractassetsaredetailedinNote8,FinancialInstruments.
10.InventoriesClassificationandcostofinventoryInventoryclassificationincludes:intransitmaterials,rawmaterials,turnovermaterials,inventorygoods,workinprogress,shippedgoods,commissionedprocessingmaterials,etc.Inventoryisinitiallymeasuredatcost,whichincludesprocurementcosts,processingcosts,andotherexpensesincurredtobringinventorytoitscurrentlocationandcondition.ValuationmethodforissuinginventoryAdopttheweightedaveragemethod.InventorysystemforinventoryAdoptingperpetualinventorysystem.
Amortizationmethodforlowvalueconsumablesandpackagingmaterials
(1)Lowvalueconsumablesaresoldusingaone-timeturnovermethod;
(2)Thepackagingadoptsaone-timeresalemethod.RecognitioncriteriaandprovisionmethodforinventorydepreciationreservesOnthebalancesheetdate,inventoryshouldbemeasuredatthelowerofcostandnetrealizablevalue.Whenthecostofinventoryishigherthanitsnetrealizablevalue,aprovisionforinventoryimpairmentshouldbemade.Netrealizablevaluereferstotheestimatedsellingpriceofinventoryindailyactivities,minustheestimatedcoststobeincurreduntilcompletion,estimatedsalesexpenses,andrelatedtaxesandfees.Thenetrealizablevalueofgoodsinventorydirectlyusedforsale,suchasfinishedproducts,inventorygoods,andmaterialsforsale,isdeterminedbysubtractingestimatedsalesexpensesandrelatedtaxesfromtheestimatedsellingpriceoftheinventoryinthenormalprocessofproductionandoperation;Thenetrealizablevalueofinventoryofmaterialsthatrequireprocessingisdeterminedbysubtractingtheestimatedcoststobeincurreduntilcompletion,estimatedsalesexpenses,andrelatedtaxesfromtheestimatedsellingpriceofthefinishedproductsproducedduringnormalproductionandoperationprocesses;Thenetrealizablevalueofinventoryheldforthepurposeofexecutingsalesorservicecontractsiscalculatedbasedonthecontractprice.Ifthequantityofinventoryheldexceedsthequantityorderedinthesalescontract,thenetrealizablevalueoftheexcessinventoryiscalculatedbasedonthegeneralsalesprice.Aftertheprovisionforinventoryimpairmenthasbeenmade,iftheinfluencingfactorsthatpreviouslyreducedthevalueofinventoryhavedisappeared,resultinginthenetrealizablevalueofinventorybeinghigherthanitsbookvalue,itshallbereversedwithintheoriginalprovisionforinventoryimpairment,andthereversedamountshallbeincludedinthecurrentperiod'sprofitandloss.
11.AssetsheldforsaleIfthebookvalueofanoncurrentassetismainlyrecoveredthroughsale(includingexchangeofnonmonetaryassetswithcommercialsubstance)ratherthancontinuoususeordisposaloftheasset,itisclassifiedasheldforsale.Ourcompanycategorizesnoncurrentassetsordisposalgroupsthatmeetthefollowingconditionsasheldforsale:
(1)Accordingtotheconventionofsellingsuchassetsordisposingofgroupsinsimilartransactions,theycanbesoldimmediatelyinthecurrentsituation;
(2)Thesaleishighlylikelytooccur,asourcompanyhasalreadymadearesolutiononasaleplanandobtainedadefinitepurchasecommitment.Itisexpectedthatthesalewillbecompletedwithinoneyear.Iftherelevantregulationsrequireapprovalfromtherelevantauthoritiesorregulatorydepartmentsofourcompanybeforeitcanbesold,approvalhasalreadybeenobtained.Ifnoncurrentassets(excludingfinancialassets,deferredtaxassets,andassetsformedbyemployeecompensation)ordisposalgroupsareclassifiedasheldforsale,andtheirbookvalueishigherthanthenetamountoffairvalueminussellingexpenses,thebookvalueshallbereducedtothenetamountoffairvalueminussellingexpenses,andthereducedamountshallberecognizedasassetimpairmentlossandincludedinthecurrentperiod'sprofitandloss.Atthesametime,provisionforimpairmentofheldforsaleassetsshallbemade.
12.Long-termequityinvestmentsJudgmentcriteriaforjointcontrolandsignificantinfluenceJointcontrolreferstothesharedcontroloveracertainarrangementinaccordancewithrelevantagreements,andtherelatedactivitiesofthearrangementmustbeunanimouslyagreeduponbythepartiessharingcontrolrightsbeforemakingdecisions.Ifourcompanyandotherjointventurepartnersjointlycontroltheinvestedentityandhaverightstothenetassetsoftheinvestedentity,theinvestedentityisourcompany'sjointventure.Significantimpactreferstohavingthepowertoparticipateinthefinancialandoperationaldecisionsoftheinvestedentity,butnotbeingabletocontrolorjointlycontroltheformulationofthesepolicieswithotherparties.Ifourcompanyisabletoexertsignificantinfluenceontheinvestedentity,theinvestedentityisourjointventure.Determinationofinitialinvestmentcost
(1)Longtermequityinvestmentsformedbycorporatemergers
Forlong-termequityinvestmentsinsubsidiariesformedbythemergerofenterprisesunderthesamecontrol,theinitialinvestmentcostofthelong-termequityinvestmentshallbedeterminedonthemergerdatebasedontheshareofthebookvalueoftheacquiredowner'sequityinthefinalcontrollingparty'sconsolidatedfinancialstatements.Thedifferencebetweentheinitialinvestmentcostoflong-termequityinvestmentandthebookvalueoftheconsiderationpaidshallbeadjustedfortheequitypremiuminthecapitalreserve;Whenthesharepremiuminthecapitalreserveisinsufficienttooffset,adjusttheretainedearnings.Ifitispossibletoexercisecontrolovertheinvestedentityunderthesamecontrolduetoadditionalinvestmentorotherreasons,thedifferencebetweentheinitialinvestmentcostofthelong-termequityinvestmentrecognizedaccordingtotheaboveprinciplesandthebookvalueofthelong-termequityinvestmentbeforethemergerplusthebookvalueofthenewlypaidconsiderationforthesharesacquiredonthemergerdateshallbeadjustedforthesharepremium.Ifthesharepremiumisinsufficienttooffset,itshallbeoffsetagainstretainedearnings.Forlong-termequityinvestmentsinsubsidiariesformedbymergersofenterprisesnotunderthesamecontrol,theinitialinvestmentcostofthelong-termequityinvestmentshallbedeterminedbasedonthemergercostdeterminedonthepurchasedate.Ifitispossibletoexercisecontroloveraninvesteethatisnotunderthesamecontrolduetoadditionalinvestmentorotherreasons,theinitialinvestmentcostshallbethesumofthebookvalueoftheequityinvestmentoriginallyheldandthecostoftheadditionalinvestment.
(2)LongtermequityinvestmentsacquiredthroughmeansotherthancorporatemergersLongtermequityinvestmentsacquiredthroughcashpaymentshallhavetheactualpurchasepricepaidastheinitialinvestmentcost.Longtermequityinvestmentsobtainedthroughtheissuanceofequitysecuritiesshallhavethefairvalueoftheissuedequitysecuritiesastheinitialinvestmentcost.Subsequentmeasurementandprofitandlossrecognitionmethods
(1)LongtermequityinvestmentsaccountedforusingthecostmethodThelong-termequityinvestmentofacompanyinasubsidiaryisaccountedforusingthecostmethod,unlesstheinvestmentmeetstheconditionofbeingheldforsale.Thecompanyrecognizescurrentinvestmentincomebasedonthecashdividendsorprofitsdeclaredbutnotyetdistributedbytheinvestee,exceptfortheactualpaymentoftheinvestmentpriceorconsiderationatthetimeofacquisition.
(2)LongtermequityinvestmentsaccountedforusingtheequitymethodLongtermequityinvestmentsinjointventuresandassociatesareaccountedforusingtheequitymethod.Iftheinitialinvestmentcostisgreaterthanthedifferenceinthefairvalueshareoftheidentifiablenetassetsoftheinvesteethatshouldbeenjoyedatthetimeofinvestment,theinitialinvestmentcostofthelong-termequityinvestmentshallnotbeadjusted;Thedifferencebetweentheinitialinvestmentcostandthefairvalueshareoftheidentifiablenetassetsoftheinvesteethatshouldbeenjoyedatthetimeofinvestmentshallberecognizedinthecurrentperiod'sprofitandloss,andthecostoflong-termequityinvestmentshallbeadjustedaccordingly.Thecompanyrecognizesinvestmentincomeandothercomprehensiveincomeseparatelybasedontheshareofnetprofitorlossandothercomprehensiveincomerealizedbytheinvestedentitythatshouldbeenjoyedorshared,andadjuststhebookvalueoflong-termequityinvestments;Calculatetheportionthatshouldbeenjoyedbasedontheprofitsorcashdividendsdeclaredbytheinvestedentity,andcorrespondinglyreducethebookvalueoflong-termequityinvestments;Forotherchangesinowner'sequityoftheinvestedentityotherthannetprofitorloss,othercomprehensiveincome,andprofitdistribution(referredtoas"otherchangesinowner'sequity"),adjustthebookvalueoflong-termequityinvestmentsandincludetheminowner'sequity.Whenrecognizingtheshareofnetprofitorloss,othercomprehensiveincome,andotherchangesinowner'sequitythatshouldbeenjoyedbytheinvestee,thefairvalueoftheinvestee'sidentifiablenetassetsatthetimeofacquisitionoftheinvestmentshallbeusedasthebasis,andthenetprofitandothercomprehensiveincomeoftheinvesteeshallbeadjustedinaccordancewiththecompany'saccountingpoliciesandaccountingperiodsbeforerecognition.Unrealizedinternaltransactiongainsandlossesbetweenthecompanyanditsaffiliatedorjointventuresshallbecalculatedbasedontheproportionattributabletothecompany,offset,andrecognizedasinvestmentincomeonthisbasis,exceptforassetsinvestedorsoldthatconstitutebusiness.Unrealizedinternaltransactionlossesincurredwiththeinvestedentity,whichbelongtoassetimpairmentlosses,shallbefullyrecognized.Thenetlossesincurredbythecompanyinjointventuresorassociatedenterprises,exceptfortheobligationtobearadditionallosses,shallbelimitedtothereductionofthebookvalueoflong-termequityinvestmentsandotherlong-termequitythatessentially
constitutenetinvestmentsinjointventuresorassociatedenterprisestozero.Ifajointventureorassociatedenterpriserealizesnetprofitsinthefuture,thecompanyshallrestoretherecognitionoftheprofitsharingamountafteroffsettingtheunrecognizedlosssharingamountwiththeprofitsharingamount.
(3)Disposaloflong-termequityinvestmentsThedifferencebetweenthebookvalueandtheactualacquisitionpriceoflong-termequityinvestmentsshallberecognizedinthecurrentperiod'sprofitandloss.Forlong-termequityinvestmentsthatarepartiallydisposedofandaccountedforusingtheequitymethod,iftheremainingequityisstillaccountedforusingtheequitymethod,othercomprehensiveincomerecognizedusingtheoriginalequitymethodshallbecarriedforwardonthesamebasisasthedirectdisposalofrelatedassetsorliabilitiesbytheinvesteeinproportion,andchangesinotherowner'sequityshallbecarriedforwardtothecurrentperiod'sprofitandlossinproportion.Ifthejointcontrolorsignificantinfluenceovertheinvesteeislostduetothedisposalofequityinvestmentsorotherreasons,othercomprehensiveincomerecognizedbytheequitymethodfortheoriginalequityinvestmentshallbeaccountedforonthesamebasisasthedirectdisposalofrelatedassetsorliabilitiesbytheinvesteewhentheequitymethodisterminated,andallotherchangesinowner'sequityshallbetransferredtothecurrentperiod'sprofitandlosswhentheequitymethodisterminated.Ifthecontrolovertheinvesteeislostduetothedisposalofsomeequityinvestmentsorotherreasons,andtheremainingequitycanexercisejointcontrolorsignificantinfluenceovertheinvesteewhenpreparingindividualfinancialstatements,itshallbeaccountedforusingtheequitymethod,andtheremainingequityshallbeadjustedasifitwereaccountedforusingtheequitymethodfromthetimeofacquisition.Othercomprehensiveincomerecognizedbeforeobtainingcontroloftheinvesteeshallbecarriedforwardproportionallyonthesamebasisasthedirectdisposalofrelevantassetsorliabilitiesbytheinvestee,andotherchangesinowner'sequityrecognizedbyusingtheequitymethodshallbecarriedforwardtothecurrentperiod'sprofitandlossinproportion;Iftheremainingequitycannotexercisejointcontrolorsignificantinfluenceovertheinvestee,itshallberecognizedasafinancialasset,andthedifferencebetweenitsfairvalueandbookvalueonthedateoflossofcontrolshallberecognizedinthecurrentperiod'sprofitandloss.Allothercomprehensiveincomeandotherchangesinowner'sequityrecognizedbeforeobtainingcontroloftheinvesteeshallbecarriedforward.Ifthedisposalofequityinvestmentinasubsidiarythroughmultipletransactionsuntilthelossofcontrolisconsideredapackagedeal,eachtransactionshallbeaccountedforasadisposalofequityinvestmentinthesubsidiaryandthelossofcontrol;Thedifferencebetweenthedisposalpriceandthebookvalueofthelong-termequityinvestmentcorrespondingtothedisposedequitybeforelosingcontrolisrecognizedasothercomprehensiveincomeinindividualfinancialstatements,andthentransferredtothecurrentperiod'sprofitandlossuponlosingcontrol.Fortransactionsthatarenotpartofapackagedeal,accountingtreatmentshallbeappliedseparatelyforeachtransaction.
13.InvestmentpropertyInvestmentrealestatereferstorealestateheldforthepurposeofearningrentorcapitalappreciation,orboth,includingleasedlanduserights,landuserightsheldandpreparedfortransferafterappreciation,andleasedbuildings(includingbuildingsbuiltordevelopedforleasingaftercompletionofselfconstructionordevelopmentactivities,aswellasbuildingsunderconstructionordevelopmentthatwillberentedoutinthefuture).Subsequentexpensesrelatedtoinvestmentrealestateareincludedinthecostofinvestmentrealestatewhentherelatedeconomicbenefitsarelikelytoflowinandtheircostscanbereliablymeasured;Otherwise,itwillberecordedinthecurrentperiod'sprofitandlosswhenitoccurs.Ourcompanyadoptsthecostmodelformeasuringexistinginvestmentproperties.Forinvestmentpropertiesmeasuredunderthecostmodel-rentalbuildings,thesamedepreciationpolicyasthecompany'sfixedassetsisadopted,andtheamortizationpolicyforrentallanduserightsisimplementedinthesamemannerasintangibleassets.
14.FixedassetsRecognitionandinitialmeasurementoffixedassetsFixedassetsrefertotangibleassetsheldfortheproductionofgoods,provisionofservices,rentalorbusinessmanagement,withausefullifeexceedingoneaccountingyear.Fixedassetsarerecognizedwhentheymeetthefollowingconditionssimultaneously:
(1)Theeconomicbenefitsrelatedtothefixedassetarelikelytoflowintotheenterprise;
(2)Thecostofthefixedassetcanbereliablymeasured.Fixedassetsareinitiallymeasuredatcost(takingintoaccounttheimpactofexpecteddisposalcosts).Subsequentexpensesrelatedtofixedassetsareincludedinthecostoffixedassetswhentheeconomicbenefitsassociatedwiththemarelikelytoflowinandtheircostscanbereliablymeasured;Terminatetherecognitionofthebookvalueofthereplacedparts;Allothersubsequentexpensesarerecognizedinthecurrentperiod'sprofitorlossatthetimeofoccurrence.DepreciationmethodDepreciationoffixedassetsiscalculatedusingthestraight-linemethod,andthedepreciationrateisdeterminedbasedonthefixedassetcategory,expectedusefullife,andexpectednetresidualvaluerate.Forfixedassetsforwhichimpairmentprovisionshavebeenmade,thedepreciationamountshallbedeterminedinfutureperiodsbasedonthebookvalueafterdeductingtheimpairmentprovisionsandtheremainingusefullife.Iftheservicelifeofeachcomponentoffixedassetsisdifferentortheyprovideeconomicbenefitstotheenterpriseindifferentways,differentdepreciationratesordepreciationmethodsshouldbeselectedanddepreciationshouldbeaccruedseparately.Thedepreciationmethods,depreciationperiods,residualvaluerates,andannualdepreciationratesforvarioustypesoffixedassetsareasfollows:
| Category | Deprecationperiod | Residualrate(%) | Yearlydeprecationrate(%) |
| Buildings | 20to35years | 3% | 2.77-4.85% |
| Machinery(Note) | 5to20years | 3% | 4.85-19.40% |
| Vehicles | 4to10years | 3% | 9.70-24.25% |
| Others | 3to21years | 3% | 4.62-32.33% |
| Note:themoldsinmachineryshouldbedepreciatedinunits-of-productionmethod. | |||
DisposaloffixedassetsWhenfixedassetsaredisposedoforexpectedtogeneratenoeconomicbenefitsthroughuseordisposal,therecognitionofsuchfixedassetsshallbeterminated.Thedisposalincomefromthesale,transfer,scrappingordamageoffixedassets,afterdeductingtheirbookvalueandrelatedtaxes,shallbeincludedinthecurrentperiod'sprofitandloss.
15.ConstructioninprogressConstructioninprogressismeasuredbasedontheactualcostincurred.Theactualcostsincludeconstructioncosts,installationcosts,borrowingcoststhatmeetcapitalizationcriteria,andothernecessaryexpensesincurredtobringtheconstructioninprogresstoitsintendedusablestate.Whentheconstructioninprogressreachesthepredeterminedusablestate,itistransferredtofixedassetsanddepreciationisaccruedfromthefollowingmonth.
16.BorrowingcostsRecognitionprincipleforcapitalizationofborrowingcostsTheborrowingcostsincurredbythecompany,whichcanbedirectlyattributedtotheacquisition,constructionorproductionofassetsthatmeetthecapitalizationcriteria,shallbecapitalizedandincludedintherelevantassetcosts;Otherborrowingcostsarerecognizedasexpensesbasedontheiramountincurredandrecordedinthecurrentperiod'sprofitandloss.Assetseligibleforcapitalizationrefertofixedassets,investmentrealestate,inventoriesandotherassetsthatrequireaconsiderableperiodoftimeforacquisitionandconstructionorproductionactivitiestoreachtheirintendedserviceableormarketablestatus.DuringthecapitalizationperiodofborrowingcostsThecapitalizationperiodreferstotheperiodfromthestartofcapitalizationofborrowingcoststotheendofcapitalization,excludingtheperiodwhencapitalizationofborrowingcostsissuspended.Thecapitalizationofborrowingcostsbeginswhenthefollowingconditionsaremetsimultaneously:
(1)Assetexpenditureshavealreadyoccurred,includingexpensesincurredintheformofcashpayments,transferofnoncashassets,orassumptionofinterestbearingdebtsforthepurchase,construction,orproductionofassetsthatmeetcapitalizationcriteria;
(2)Theborrowingcosthasalreadybeenincurred;
(3)Thenecessarypurchasing,construction,orproductionactivitiestobringtheassetstotheirintendedusableorsaleablestatehavealreadybegun.Whentheassetsthatmeetthecapitalizationcriteriaforpurchase,construction,orproductionreachthepredeterminedusableorsaleablestate,thecapitalizationofborrowingcostsshallcease.DuringthesuspensionofcapitalizationperiodIfassetsthatmeetthecapitalizationcriteriaexperienceabnormalinterruptionsduringtheacquisition,construction,orproductionprocess,andtheinterruptionlastsformorethan3consecutivemonths,thecapitalizationofborrowingcostsshallbesuspended;Iftheinterruptionisnecessaryfortheacquisition,constructionorproductionofassetsthatmeetthecapitalizationconditionstoreachthepredeterminedusableorsaleablestate,theborrowingcostswillcontinuetobecapitalized.Theborrowingcostsincurredduringtheinterruptionperiodarerecognizedascurrentprofitorloss,andcontinuetobecapitalizeduntiltheacquisitionorproductionactivitiesoftheassetresume.CalculationmethodforcapitalizationrateandcapitalizationamountofborrowingcostsForspecializedloansborrowedforthepurchase,construction,orproductionofassetsthatmeetthecapitalizationcriteria,thecapitalizationamountoftheborrowingcostsshallbedeterminedbysubtractingtheinterestincomeobtainedfromtheunusedborrowingfundsdepositedinthebankortheinvestmentincomeobtainedfromtemporaryinvestmentsfromtheactualborrowingcostsincurredinthecurrentperiod.Forgeneralborrowingsusedforthepurchase,construction,orproductionofassetsthatmeetthecapitalizationcriteria,theamountofborrowingcoststhatshouldbecapitalizedforgeneralborrowingsiscalculatedbymultiplyingtheweightedaverageofassetexpendituresexceedingthespecialborrowingportionbythecapitalizationrateofthegeneralborrowingsused.Thecapitalizationrateisdeterminedbasedontheweightedaverageactualinterestrateofgeneralborrowings.Duringthecapitalizationperiod,theexchangedifferencebetweentheprincipalandinterestofforeigncurrencyborrowingsshallbecapitalizedandincludedinthecostofassetseligibleforcapitalization.Theexchangedifferencesarisingfromtheprincipalandinterestofforeigncurrencyborrowingsotherthanthosespecificallyborrowedinforeigncurrenciesarerecognizedinthecurrentperiod'sprofitandloss.
17.IntangibleassetsValuationmethodofintangibleassets
(1)Whenthecompanyacquiresintangibleassets,theyareinitiallymeasuredatcost;Thecostofpurchasingintangibleassetsincludesthepurchaseprice,relatedtaxesandfees,andotherexpensesdirectlyattributabletoachievingtheintendeduseoftheasset.
(2)SubsequentmeasurementAnalyzeanddeterminetheusefullifeofintangibleassetswhenacquiringthem.Forintangibleassetswithlimitedusefullife,theyshouldbeamortizedwithintheperiodthatbringseconomicbenefitstotheenterprise;Ifitisimpossibletoforeseetheperiodinwhichintangibleassetswillbringeconomicbenefitstotheenterprise,theyshallberegardedasintangibleassetswithanuncertainusefullifeandshallnotbeamortized.Estimationoftheusefullifeofintangibleassetswithlimitedusefullife
| Item | Expectedservicelife | Amortizationmethod |
| Landuserights | 43to50years | Straight-linemethod |
| Softwareusagerights | 2years | Straight-linemethod |
| Trademarkusagerights | 10years | Straight-linemethod |
| Nonpatentedtechnology | 5to11years | Straight-linemethod |
| Patenttechnology | 10years | Straight-linemethod |
SpecificcriteriafordividingresearchanddevelopmentstagesTheexpensesforinternalresearchanddevelopmentprojectswithinthecompanyaredividedintoresearchstageexpensesanddevelopmentstageexpenses.Researchstage:Thestageoforiginalplannedinvestigationsandresearchactivitiesaimedatacquiringandunderstandingnewscientificortechnologicalknowledge.Developmentstage:Thestageinwhichresearchresultsorotherknowledgeareappliedtoaplanordesigntoproduceneworsubstantiallyimprovedmaterials,devices,products,andotheractivitiesbeforecommercialproductionoruse.SpecificconditionsforcapitalizingexpendituresduringthedevelopmentphaseTheexpensesincurredduringtheresearchphasearerecognizedinthecurrentperiod'sprofitandloss.Expendituresduringthedevelopmentphasethatmeetthefollowingconditionsarerecognizedasintangibleassets.Expendituresduringthedevelopmentphasethatdonotmeetthefollowingconditionsarerecognizedinthecurrentperiod'sprofitandloss:
(1)Completetheintangibleassettomakeittechnicallyfeasibleforuseorsale;
(2)Havingtheintentiontocompletetheintangibleassetanduseorsellit;
(3)Thewaysinwhichintangibleassetsgenerateeconomicbenefitsincludebeingabletoprovetheexistenceofamarketfortheproductsproducedusingtheintangibleassetsortheexistenceofamarketfortheintangibleassetsthemselves.Iftheintangibleassetswillbeusedinternally,theirusefulnesscanbeproven;
(4)Havingsufficienttechnical,financial,andotherresourcestosupportthedevelopmentoftheintangibleasset,andhavingtheabilitytouseorselltheintangibleasset;
(5)Theexpensesattributabletothedevelopmentstageoftheintangibleassetcanbereliablymeasured.Ifitisimpossibletodistinguishbetweenresearchstageexpensesanddevelopmentstageexpenses,allR&Dexpensesincurredwillbeincludedinthecurrentperiod'sprofitandloss.
18.Long-termassetsimpairmentLongtermequityinvestments,investmentpropertiesmeasuredusingthecostmodel,fixedassets,constructioninprogress,rightofuseassets,intangibleassetswithlimitedusefullives,andotherlong-termassetsthatshowsignsofimpairmentonthebalancesheetdateshallbesubjecttoimpairmenttesting.Iftheimpairmenttestresultsindicatethattherecoverableamountofanassetislowerthanitsbookvalue,animpairmentprovisionshallbemadebasedonthedifferenceandincludedintheimpairmentloss.Therecoverableamountisthehigherofthenetamountofthefairvalueoftheassetminusdisposalexpensesandthepresentvalueoftheexpectedfuturecashflowsoftheasset.Theprovisionforimpairmentofassetsiscalculatedandrecognizedbasedonindividualassets.Ifitisdifficulttoestimatetherecoverableamountofanindividualasset,therecoverableamountoftheassetgrouptowhichtheassetbelongsshallbedetermined.Anassetgroupisthesmallestcombinationofassetsthatcanindependentlygeneratecashinflows.Forgoodwillformedbybusinessmergers,intangibleassetswithuncertainusefullives,andintangibleassetsthathavenotyetreachedausablestate,regardlessofwhethertherearesignsofimpairment,impairmenttestsshouldbeconductedatleastattheendofeachfiscalyear.Ourcompanyconductsimpairmenttestsongoodwill,andthebookvalueofgoodwillformedbybusinesscombinationsisallocatedtorelevantassetgroupsinareasonablemannerfromthedateofpurchase;Ifitisdifficulttoallocatetotherelevantassetgroup,allocateittotherelevantassetgroupcombination.Therelevantassetgrouporcombinationofassetgroupsreferstotheassetgrouporcombinationofassetgroupsthatcanbenefitfromthesynergisticeffectsofcorporatemergers.
Whenconductingimpairmenttestsonrelevantassetgroupsorcombinationsofassetgroupsthatincludegoodwill,iftherearesignsofimpairmentintheassetgroupsorcombinationsofassetgroupsrelatedtogoodwill,impairmenttestsshouldbeconductedontheassetgroupsorcombinationsofassetgroupsthatdonotincludegoodwillfirst,therecoverableamountshouldbecalculated,andcomparedwiththerelevantbookvaluetoconfirmthecorrespondingimpairmentloss.Then,impairmenttestsareconductedonassetgroupsorcombinationsofassetgroupsthatcontaingoodwill,comparingtheirbookvaluewiththeirrecoverableamount.Iftherecoverableamountislowerthanthebookvalue,theimpairmentlossamountisfirstoffsetagainstthebookvalueofgoodwillallocatedtotheassetgrouporcombinationofassetgroups.Then,basedontheproportionofthebookvalueofassetsotherthangoodwillintheassetgrouporcombinationofassetgroups,thebookvalueofotherassetsisoffsetproportionally.Oncetheimpairmentlossoftheabove-mentionedassetsisrecognized,itshallnotbereversedinfutureaccountingperiods..
19.Long-termdeferredexpensesLongtermdeferredexpensesrefertovariousexpensesthathavealreadyoccurredbutshouldbebornebythecurrentandfutureperiodswithanamortizationperiodofmorethanoneyear.
20.ContractliabilitiesOurcompanylistscontractassetsorcontractliabilitiesinthebalancesheetbasedontherelationshipbetweenfulfillingperformanceobligationsandcustomerpayments.Theobligationofourcompanytotransfergoodsorprovideservicestocustomersforconsiderationreceivedorreceivableislistedasacontractualliability.Thecontractassetsandcontractliabilitiesunderthesamecontractarepresentedonanetbasis.
21.EmployeebenefitsAccountingtreatmentmethodsforshort-termcompensationDuringtheaccountingperiodwhenemployeesprovideservicestothecompany,theactualshort-termcompensationincurredisrecognizedasaliabilityandincludedinthecurrentperiod'sprofitorlossorrelatedassetcosts.Thesocialinsurancepremiumsandhousingprovidentfundpaidbyourcompanyforemployees,aswellastheunionfundsandemployeeeducationfundsextractedaccordingtoregulations,shallbecalculatedanddeterminedbasedontheprescribedprovisionbasisandprovisionratioduringtheaccountingperiodwhenemployeesprovideservicestoourcompany.Theemployeewelfareexpensesincurredbyourcompanyarerecognizedinthecurrentperiod'sprofitorlossorrelatedassetcostsbasedontheactualamountincurred.Nonmonetarybenefitsaremeasuredatfairvalue.Accountingtreatmentmethodforpostemploymentbenefits
(1)EstablishawithdrawalplanOurcompanypaysbasicpensioninsuranceandunemploymentinsuranceforemployeesinaccordancewithrelevantregulationsofthelocalgovernment.Duringtheaccountingperiodwhenemployeesprovideservicestoourcompany,thepayableamountiscalculatedbasedonthelocalprescribedpaymentbaseandproportion,recognizedasaliability,andincludedinthecurrentprofitandlossorrelatedassetcosts.Inaddition,ourcompanyalsoparticipatesinenterpriseannuityplansapprovedbyrelevantnationaldepartments.Ourcompanycontributesacertainproportionofthetotalemployeesalarytothepensionplan,andthecorrespondingexpensesarerecordedinthecurrentperiod'sprofitandlossorrelatedassetcosts.
(2)EstablishabenefitplanAccordingtotheformuladeterminedbytheexpectedcumulativewelfareunitmethod,thewelfareobligationsarisingfromthedefinedbenefitplanareattributedtotheperiodduringwhichtheemployeesprovideservices,andarerecordedinthecurrentperiod'sprofitandlossorrelatedassetcosts.Thedeficitorsurplusformedbysubtractingthefairvalueofthedefinedbenefitplanassetsfromthepresentvalueofthedefinedbenefitplanobligationsisrecognizedasanetliabilityornetassetofthedefinedbenefitplan.Ifthereisasurplusinthedefinedbenefitplan,thecompanymeasuresthenetassetsofthedefinedbenefitplanbasedonthelowerofthesurplusandassetlimitofthedefinedbenefitplan.Alldefinedbenefitplanobligations,includingthoseexpectedtobepaidwithin12monthsaftertheendoftheannualreportperiod
whenemployeesprovideservices,arediscountedaccordingtothemarketyieldoftreasurybondorhigh-qualitycorporatebondsintheactivemarketthatmatchthedefinedbenefitplanobligationperiodandcurrencyonthebalancesheetdate.Theservicecostsgeneratedbythedefinedbenefitplanandthenetinterestonthenetliabilitiesorassetsofthedefinedbenefitplanarerecognizedinthecurrentperiod'sprofitorlossorrelatedassetcosts;Thechangesarisingfromtheremeasurementofnetliabilitiesornetassetsofthedefinedbenefitplanshallberecognizedinothercomprehensiveincomeandshallnotbereversedtoprofitorlossinsubsequentaccountingperiods.Uponterminationoftheoriginaldefinedbenefitplan,theportionoriginallyrecognizedinothercomprehensiveincomeshallbefullycarriedforwardtoundistributedprofitwithinthescopeofequity.Whensettlingadefinedbenefitplan,thedifferencebetweenthepresentvalueofthedefinedbenefitplanobligationandthesettlementpricedeterminedonthesettlementdateshallbeusedtorecognizesettlementgainsorlosses.AccountingtreatmentmethodsforterminationbenefitsIfthecompanyprovidesterminationbenefitstoemployees,theemployeecompensationliabilityarisingfromterminationbenefitsshallberecognizedandincludedinthecurrentperiod'sprofitandlossattheearlierofthefollowingtwodates:whenthecompanycannotunilaterallywithdrawtheterminationbenefitsprovidedduetotheterminationoflaborrelationsplanorlayoffproposal;Whenthecompanyconfirmsthecostsorexpensesrelatedtotherestructuringinvolvingthepaymentofterminationbenefits.
22.EstimatedliabilitiesWhenobligationsrelatedtocontingenciesmeetthefollowingconditionssimultaneously,theCompanyrecognizesthemasestimatedliabilities:
(1)Thisobligationisacurrentobligationundertakenbyourcompany;
(2)Fulfillingthisobligationislikelytoresultintheoutflowofeconomicbenefitsfromthecompany;
(3)Theamountofthisobligationcanbereliablymeasured.Theestimatedliabilitiesareinitiallymeasuredbasedonthebestestimateoftheexpensesrequiredtofulfilltherelevantcurrentobligations.Whendeterminingthebestestimate,comprehensiveconsiderationshouldbegiventofactorssuchasrisks,uncertainties,andtimevalueofmoneyrelatedtocontingencies.Forthosethathaveasignificantimpactonthetimevalueofmoney,thebestestimateisdeterminedbydiscountingtherelevantfuturecashoutflows.Ifallorpartoftheexpensesrequiredtosettletheestimatedliabilitiesareexpectedtobecompensatedbyathirdparty,thecompensationamountshallbeseparatelyrecognizedasanassetwhenitisbasicallycertainthatitcanbereceived,andtherecognizedcompensationamountshallnotexceedthebookvalueoftheestimatedliabilities.Ourcompanyreviewsthebookvalueofestimatedliabilitiesonthebalancesheetdate.Ifthereisconclusiveevidencethatthebookvaluedoesnotreflectthecurrentbestestimate,thebookvalueshallbeadjustedaccordingtothecurrentbestestimate.
23.Share-basedpaymentsOurcompany'ssharebasedpaymentsaretransactionsinwhichequityinstrumentsaregrantedorliabilitiesdeterminedbasedonequityinstrumentsareassumedinordertoobtainservicesfromemployeesorotherparties.Ourcompany'ssharebasedpaymentsaredividedintoequitysettledsharebasedpaymentsandcashsettledsharebasedpayments.EquitysettledsharebasedpaymentsandequityinstrumentsForequitysettledsharebasedpaymentsexchangedforservicesprovidedbyemployees,thefairvalueofequityinstrumentsgrantedtoemployeesshallbemeasured.Forsharebasedpaymenttransactionsthatareimmediatelyexercisableupongrant,thefairvalueoftheequityinstrumentshallberecognizedasrelevantcostsorexpensesonthegrantdate,andthecorrespondingcapitalreserveshallbeincreased.Forsharebasedpaymenttransactionsthatrequirecompletionofservicesduringthewaitingperiodormeetingspecifiedperformanceconditionsbeforeexercise,oneachbalancesheetdateduringthewaitingperiod,theCompanywillrecognizetheservicesobtainedinthecurrentperiodasrelevantcostsorexpensesbasedonthebestestimateofthenumberoffeasibleequityinstrumentsandthefairvalueonthegrantdate,andincreasethecapitalreserveaccordingly.Ifthetermsofequitysettledsharebasedpaymentsaremodified,atleasttheservicesobtainedshallbeconfirmedasifthetermswerenotmodified.Inaddition,anymodificationthatincreasesthefairvalueoftheequityinstrumentsgranted,oranychangethatbenefits
employeesonthemodificationdate,shallberecognizedasanincreaseintheacquisitionofservices.Duringthewaitingperiod,ifthegrantedequityinstrumentsarecancelled,theCompanywilltreatthecancellationofthegrantedequityinstrumentsasacceleratedexerciseandimmediatelyrecognizetheremainingamountthatshouldberecognizedduringthewaitingperiodinthecurrentperiod'sprofitandloss,whilerecognizingcapitalreserves.However,ifanewequityinstrumentisgrantedanditisdeterminedonthedateofgrantthatthenewequityinstrumentisintendedtoreplacethecancelledequityinstrument,thereplacementequityinstrumentgrantedshallbetreatedinthesamemannerasthemodificationofthetermsandconditionsoftheoriginalequityinstrument.CashsettledsharebasedpaymentsandequityinstrumentsCashsettledsharebasedpaymentsshallbemeasuredatthefairvalueoftheliabilitiesassumedbytheCompanybasedonsharesorotherequityinstruments.Forsharebasedpaymenttransactionswithimmediateexerciseofrightsupongrant,theCompanyshallrecognizetherelevantcostsorexpensesatthefairvalueoftheliabilityassumedonthegrantdate,andcorrespondinglyincreasetheliability.Forsharebasedpaymenttransactionsthatrequirecompletionofservicesduringthewaitingperiodorfulfillmentofspecifiedperformanceconditionsbeforeexercise,oneachbalancesheetdateduringthewaitingperiod,theCompanywillrecognizetheservicesobtainedinthecurrentperiodasrelevantcostsorexpensesbasedonthebestestimateofthefeasibleoptionsituationandthefairvalueoftheliabilityassumedbytheCompany,andcorrespondinglyrecognizethemasliabilities.Oneachbalancesheetdateandsettlementdatepriortothesettlementoftherelevantliabilities,thefairvalueoftheliabilitiesshallberemeasuredandanychangesshallberecognizedinthecurrentperiod'sprofitorloss.Ourcompanyhasmodifiedthetermsandconditionsofthecashsettledsharebasedpaymentagreementtobecomeanequitysettledsharebasedpayment.Onthedateofmodification(whetheroccurringduringorafterthewaitingperiod),ourcompanywillmeasuretheequitysettledsharebasedpaymentatthefairvalueoftheequityinstrumentgrantedonthedayofmodification,andrecognizetheservicesobtainedascapitalreserve.Atthesametime,therecognizedliabilitiesofthecashsettledsharebasedpaymentonthemodificationdatewillbeterminated,andthedifferencebetweenthetwowillberecognizedinthecurrentperiod'sprofitandloss.Ifthewaitingperiodisextendedorshortenedduetomodifications,ourcompanywillaccountforitbasedonthemodifiedwaitingperiod.
24.RevenueAccountingpoliciesadoptedforrevenuerecognitionandmeasurementOurcompanyhasfulfilleditscontractualobligationsbyrecognizingrevenuewhenthecustomerobtainscontroloftherelevantgoodsorservices.Acquiringcontroloverrelevantgoodsorservicesreferstobeingabletodominatetheuseofsuchgoodsorservicesandobtainalmostalleconomicbenefitsfromthem.Ifthecontractcontainstwoormoreperformanceobligations,thecompanyshallallocatethetransactionpricetoeachindividualperformanceobligationonthecommencementdateofthecontractbasedontherelativeproportionoftheindividualsellingpricesofthepromisedgoodsorservicesforeachindividualperformanceobligation.Ourcompanymeasuresrevenuebasedonthetransactionpriceallocatedtoeachindividualperformanceobligation.Thetransactionpricereferstotheexpectedamountofconsiderationthatthecompanyisentitledtoreceivefortransferringgoodsorservicestocustomers,excludingpaymentscollectedonbehalfofthirdpartiesandexpectedrefundstocustomers.Ourcompanydeterminesthetransactionpricebasedonthetermsofthecontractanditspastpractices,takingintoaccountfactorssuchasvariableconsideration,significantfinancingelementsinthecontract,noncashconsideration,andpayablecustomerconsiderationwhendeterminingthetransactionprice.TheCompanydeterminesthetransactionpriceincludingvariableconsiderationbasedonanamountthatdoesnotexceedthecumulativerecognizedincomethatishighlyunlikelytoexperienceasignificantreversalatthetimeoftherelevantuncertaintybeingeliminated.Ifthereisasignificantfinancingcomponentinthecontract,thecompanydeterminesthetransactionpricebasedontheassumedpayableamountpaidincashbythecustomeruponobtainingcontrolofthegoodsorservices,andamortizesthedifferencebetweenthetransactionpriceandthecontractconsiderationusingtheeffectiveinterestratemethodduringthecontractperiod.Ifoneofthefollowingconditionsismet,itisconsideredtohavefulfilledtheperformanceobligationwithinacertainperiodoftime;otherwise,itisconsideredtohavefulfilledtheperformanceobligationatacertainpointintime:
Thecustomerobtainsandconsumestheeconomicbenefitsbroughtbythecompany'sperformanceatthesametimeasfulfillingthecontract.Customersareabletocontrolthegoodsunderconstructionduringtheperformanceprocessofourcompany.Thegoodsproducedbyourcompanyduringtheperformanceprocesshaveirreplaceableuses,andourcompanyhastherightto
collectpaymentsforthecompletedperformanceportionthroughouttheentirecontractperiod.Forperformanceobligationsfulfilledduringacertainperiodoftime,ourcompanyrecognizesrevenuebasedontheprogressofperformanceduringthatperiod,exceptforsituationswheretheprogressofperformancecannotbereasonablydetermined.Ourcompanyconsidersthenatureofgoodsorservicesandusesoutputorinputmethodstodeterminetheprogressofperformance.Whentheprogressofperformancecannotbereasonablydeterminedandthecostsalreadyincurredareexpectedtobecompensated,ourcompanyrecognizesrevenuebasedontheamountofcostsalreadyincurreduntiltheprogressofperformancecanbereasonablydetermined.Forperformanceobligationsfulfilledatacertainpointintime,thecompanyrecognizesrevenueatthepointwhenthecustomerobtainscontroloftherelevantgoodsorservices.Whendeterminingwhetherthecustomerhasobtainedcontrolofthegoodsorservices,thecompanyconsidersthefollowingsigns:
Ourcompanyhastherighttoreceivepaymentforthegoodsorservicesatpresent,whichmeansthatthecustomerhasacurrentpaymentobligationforthegoodsorservices.Ourcompanyhastransferredthelegalownershipoftheproducttothecustomer,meaningthatthecustomeralreadyownsthelegalownershipoftheproduct.Ourcompanyhastransferredthephysicalitemtothecustomer,meaningthatthecustomerhastakenpossessionoftheitem.Thecompanyhastransferredthemainrisksandrewardsofownershipoftheproducttothecustomer,meaningthatthecustomerhasacquiredthemainrisksandrewardsofownershipoftheproduct.Thecustomerhasacceptedtheproductorservice,etc.Ourcompanydetermineswhetherwearetheprimaryresponsiblepartyoragentwhenengagingintransactionsbasedonwhetherwehavecontroloverthegoodsorservicesbeforetransferringthemtocustomers.Ifourcompanyisabletocontrolthegoodsorservicesbeforetransferringthemtocustomers,wearethemainresponsiblepartyandrecognizerevenuebasedonthetotalamountofconsiderationreceivedorreceivable;Otherwise,ourcompanyactsasanagentandrecognizesrevenuebasedontheexpectedcommissionorhandlingfeeamountthatweareentitledtoreceive.DisclosespecificrevenuerecognitionandmeasurementmethodsbybusinesstypeOurcompanyhasfulfilleditscontractualobligationsbyrecognizingrevenuewhenthecustomerobtainscontroloftherelevantgoodsorservices.Acquiringcontroloverrelatedgoodsorservicesreferstobeingabletodominatetheuseofthegoodsortheprovisionoftheservicesandobtainalmostalleconomicbenefitsfromthem.
(1)SalesContractforGoodsThesalescontractbetweenourcompanyandcustomersusuallyincludesperformanceobligationssuchastransferringgoods.Ourcompanyusuallyrecognizesrevenueatthetimeoffulfillingeachindividualperformanceobligation,takingintoaccountthefollowingfactors:thecurrentrighttoreceivepaymentforthegoods,thetransferofmajorrisksandrewardsofownershipofthegoods,thetransferoflegalownershipofthegoods,thetransferofphysicalassetsofthegoods,andthecustomer'sacceptanceofthegoods.
(2)ProvideservicecontractTheperformanceobligationsthatshouldbefulfilledintheservicecontractbetweenourcompanyandthecustomer,asthecustomerobtainsandconsumestheeconomicbenefitsbroughtbyourcompany'sperformanceatthesametimeasourcompany'sperformance,andourcompanyhastherighttocollectpaymentfortheaccumulatedperformanceportioncompletedsofarduringtheentirecontractperiod,ourcompanywillrecognizeitasaperformanceobligationfulfilledduringacertainperiodoftimeandrecognizetheincomeaccordingtotheperformanceprogress,exceptforsituationswheretheperformanceprogresscannotbereasonablydetermined.Ourcompanydeterminestheperformancescheduleofprovidingservicesbasedonthecompletedordeliveredproductsusingtheoutputmethod.Whentheprogressofperformancecannotbereasonablydeterminedandthecostsalreadyincurredbyourcompanyareexpectedtobecompensated,revenueshallberecognizedbasedontheamountofcostsalreadyincurreduntiltheprogressofperformancecanbereasonablydetermined.
(3)VariableconsiderationSomeofourcompany'scontractswithcustomersinvolvesalesrebatearrangements,resultinginvariableconsideration.Ourcompanydeterminesthebestestimateofvariableconsiderationbasedonexpectedvaluesorthemostlikelyamounttooccur,butthetransactionpricethatincludesvariableconsiderationdoesnotexceedtheamountthatishighlyunlikelytoresultinasignificantreversalofcumulativerecognizedrevenuewhentherelevantuncertaintyiseliminated.
(4)WarrantyobligationsAccordingtothecontractagreement,legalprovisions,etc.,ourcompanyprovidesqualityassurancefortheproductssold.Forservicequalityassurancethatprovidesaseparateservicebeyondtheestablishedstandardstoensurethesaleofgoodstocustomers,ourcompanyregardsitasasingleperformanceobligation,andallocatesaportionofthetransactionpricetotheservicequalityassurancebasedontherelativeproportionoftheseparatesellingpriceofthegoodsandservicesprovided,andrecognizesrevenuewhenthecustomerobtainscontroloftheservice.Whenevaluatingwhetherqualityassuranceprovidesaseparateservicebeyondensuringthattheproductssoldmeetestablishedstandardstocustomers,thecompanyconsidersfactorssuchaswhetherthequalityassuranceisalegalrequirement,thequalityassuranceperiod,andthenatureofthetasksthatthecompanypromisestofulfill.
(5)RewardPointsProgramOurcompanyawardsrewardpointstocustomerswhilesellinggoodsorprovidingservices,andcustomerscanusetheserewardpointstoexchangeforfreeordiscountedgoodsorservices.Thisrewardpointsprogramprovidescustomerswithasignificantright,whichthecompanyconsidersasasingleperformanceobligation.Basedontherelativeproportionoftheseparatesellingpriceofthegoodsorservicesprovidedandtherewardpoints,aportionofthetransactionpriceisallocatedtotherewardpoints,andrevenueisrecognizedwhencustomersgaincontrolofthepointsredeemedgoodsorservicesorwhenthepointsbecomeinvalid.
(6)Mainresponsibleperson/agentForourcompany'sabilitytoleadthird-partyrepresentativestoprovideservicestocustomers,wehavetherighttoindependentlydeterminethepriceofthetradedgoodsorservices.Thismeansthatourcompanycancontroltherelevantgoodsbeforetransferringthemtocustomers.Therefore,ourcompanyisthemainresponsiblepersonandrecognizesrevenuebasedonthetotalamountofconsiderationreceivedorreceivable.Otherwise,asanagent,ourcompanyshallrecognizerevenuebasedontheexpectedamountofcommissionorhandlingfeesthatweareentitledtoreceive.Thisamountshallbedeterminedbydeductingthetotalamountofconsiderationreceivedorreceivablefromtheamountpayabletootherrelevantparties,orbytheestablishedcommissionamountorproportion.Discloseaccountingpoliciesusedforrevenuerecognitionandmeasurementbasedonbusinesstype.
25.ContractCostContractcostsincludecontractperformancecostsandcontractacquisitioncosts.Thecostsincurredbyourcompanyinfulfillingcontractsthatdonotfallwithinthescopeofrelevantstandardsandregulationssuchasinventory,fixedassets,orintangibleassetsshallberecognizedascontractperformancecostswhenthefollowingconditionsaremet:
Thecostisdirectlyrelatedtoacurrentorexpectedcontracttobeobtained.Thiscostincreasestheresourcesthatourcompanywillhavetofulfillitscontractualobligationsinthefuture.Thecostisexpectedtoberecovered.Theincrementalcostsincurredbyourcompanytoobtaincontractsthatareexpectedtoberecoveredarerecognizedascontractacquisitioncostsasanasset.Assetsrelatedtocontractcostsareamortizedonthesamebasisastherecognitionofrevenuefromgoodsorservicesassociatedwiththeasset;However,forcontractswithanamortizationperiodoflessthanoneyear,thecompanywillincludeitinthecurrentperiod'sprofitandlosswhenitoccurs.Ifthebookvalueofassetsrelatedtocontractcostsishigherthanthedifferencebetweenthefollowingtwoitems,theCompanyshallmakeanimpairmentprovisionfortheexcessandrecognizeitasanassetimpairmentloss:
(1)Theremainingconsiderationexpectedtobeobtainedfromthetransferofgoodsorservicesrelatedtotheasset;
(2)Estimatethecostthatwillbeincurredforthetransferoftherelevantgoodsorservices.Ifthefactorsthatcausedimpairmentinpreviousperiodshavechanged,resultinginthedifferencebeinghigherthanthecarryingamountoftheasset,theCompanyshallreversetheimpairmentprovisionthathasalreadybeenmadeandincludeitinthecurrentperiod'sprofitandloss.However,thereversedcarryingamountoftheassetshallnotexceedthecarryingamountoftheassetonthedateofreversalassumingnoimpairmentprovisionismade.
26.GovernmentgrantsTypeGovernmentsubsidiesrefertomonetaryornonmonetaryassetsobtainedbyourcompanyfromthegovernmentfreeofcharge,whicharedividedintoassetrelatedgovernmentsubsidiesandincomerelatedgovernmentsubsidies.Governmentsubsidiesrelatedtoassetsrefertothegovernmentsubsidiesobtainedbythecompanyforthepurposeofpurchasing,constructing,orotherwiseforminglong-termassets.Governmentsubsidiesrelatedtoincomerefertogovernmentsubsidiesotherthanthoserelatedtoassets.ConfirmtimepointGovernmentsubsidiesarerecognizedwhenthecompanyisabletomeettheconditionsattachedandreceivethem.accountingtreatmentOurcompanyadoptsthenetmethodtoaccountforgovernmentsubsidies.Governmentsubsidiesrelatedtoassetsareoffsetagainstthebookvalueofrelatedassetsorrecognizedasdeferredincome.Ifrecognizedasdeferredincome,itshallberecordedinthecurrentperiod'sprofitandlossinareasonableandsystematicmannerovertheusefullifeoftherelevantassets.Governmentsubsidiesrelatedtorevenue,usedtocompensateforfuturecosts,expenses,orlossesofthecompany,shallberecognizedasdeferredincomeandincludedinthecurrentperiod'sprofitorlossoroffsetagainstrelatedcosts,expenses,orlossesduringtheperiodinwhichtherelatedcosts,expenses,orlossesarerecognized;Forcompensationofrelatedcosts,expensesorlossesincurredbythecompany,theyshallbedirectlyrecordedinthecurrentperiod'sprofitandlossoroffsetagainstrelatedcosts,expensesorlosses.Thepolicybasedpreferentialloaninterestsubsidiesobtainedbyourcompanyareclassifiedintothefollowingtwosituationsandaccountedforseparately:
(1)Thefinancedepartmentwillallocatetheinterestsubsidyfundstothelendingbank.Ifthelendingbankprovidesaloantoourcompanyatapolicypreferentialinterestrate,ourcompanywillusetheactualloanamountreceivedastheentryvalueoftheloan,andcalculatetherelevantloancostsbasedontheloanprincipalandthepolicypreferentialinterestrate.
(2)Ifthefinancedepartmentdirectlydisbursestheinterestsubsidyfundstoourcompany,wewilloffsetthecorrespondinginterestsubsidyagainsttherelevantborrowingcosts.
27.Deferredtaxassets/deferredtaxliabilitiesIncometaxincludescurrentincometaxanddeferredincometax.Exceptforincometaxarisingfrombusinessmergersandtransactionsoreventsdirectlyrecognizedinowner'sequity(includingothercomprehensiveincome),theCompanyrecognizescurrentincometaxanddeferredincometaxinthecurrentperiod'sprofitandloss.Deferredincometaxassetsanddeferredincometaxliabilitiesarerecognizedbasedonthedifference(temporarydifference)betweenthetaxbaseoftheassetsandliabilitiesandtheircarryingamounts.Fortherecognitionofdeferredtaxassetsfordeductibletemporarydifferences,theamountoftaxableincomethatislikelytobeobtainedinfutureperiodstooffsetthedeductibletemporarydifferencesshallbelimited.Fordeductiblelossesandtaxdeductionsthatcanbecarriedforwardtofutureyears,correspondingdeferredincometaxassetsshallberecognizeduptothefuturetaxableincomethatislikelytobeobtainedtooffsetthedeductiblelossesandtaxdeductions.Fortemporarydifferencesintaxableincome,exceptinspecialcircumstances,deferredincometaxliabilitiesarerecognized.Specialcircumstanceswheredeferredtaxassetsordeferredtaxliabilitiesarenotrecognizedinclude:
Initialrecognitionofgoodwill;Transactionsoreventsthatareneitherabusinessmergernoraffectaccountingprofitsandtaxableincome(ordeductiblelosses)atthe
timeofoccurrence,andwheretheinitiallyrecognizedassetsandliabilitiesdonotresultinequaltaxabletemporarydifferencesordeductibletemporarydifferences.Deferredincometaxliabilitiesshallberecognizedfortaxabletemporarydifferencesrelatedtoinvestmentsinsubsidiaries,associates,andjointventures,unlesstheCompanyisabletocontrolthetimingofthereversalofsuchtemporarydifferencesanditisprobablethattheywillnotreverseintheforeseeablefuture.Deferredincometaxassetsarerecognizedfordeductibletemporarydifferencesrelatedtoinvestmentsinsubsidiaries,associates,andjointventureswhenthetemporarydifferencesarelikelytoreverseintheforeseeablefutureandtaxableincomeislikelytobeobtainedinthefuturetooffsetthedeductibletemporarydifferences.Onthebalancesheetdate,deferredincometaxassetsanddeferredincometaxliabilitiesshallbemeasuredattheapplicabletaxrateduringtheexpectedperiodofrecoveryofrelatedassetsorsettlementofrelatedliabilitiesinaccordancewithtaxlaws.Onthebalancesheetdate,theCompanyreviewsthecarryingamountofdeferredtaxassets.Ifitislikelythatsufficienttaxableincomewillnotbeavailableinthefuturetooffsetthebenefitsofdeferredtaxassets,thecarryingamountofdeferredtaxassetsshallbereduced.Whenitislikelytoobtainsufficienttaxableincome,thereducedamountshallbereversed.Whenhavingthelegalrighttosettleonanetbasisandintendingtosettleonanetbasisoracquireassetsandsettleliabilitiessimultaneously,thecurrentincometaxassetsandcurrentincometaxliabilitiesarereportedatthenetamountafteroffsetting.Onthebalancesheetdate,deferredincometaxassetsanddeferredincometaxliabilitiesarepresentedatthenetamountafteroffsettingwhenbothofthefollowingconditionsaremet:
Thetaxpayerhasthelegalrighttosettlecurrentincometaxassetsandcurrentincometaxliabilitiesonanetbasis;Deferredincometaxassetsanddeferredincometaxliabilitiesarerelatedtoincometaxleviedbythesametaxcollectionandmanagementdepartmentonthesametaxpayerorondifferenttaxpayers,butinthefuture,duringeachsignificantperiodofreversalofdeferredincometaxassetsandliabilities,thetaxpayersinvolvedintendtosettlethecurrentincometaxassetsandliabilitiesonanetbasisoracquireassetsandsettleliabilitiessimultaneously.
28.LeasesLeasingreferstoacontractinwhichthelessortransferstherighttouseanassettothelesseeforconsiderationduringacertainperiodoftime.Onthecommencementdateofthecontract,ourcompanyevaluateswhetherthecontractisaleaseorincludesalease.Ifonepartyinacontractrelinquishestherighttocontroltheuseofoneormoreidentifiedassetsforacertainperiodoftimeinexchangeforconsideration,thenthecontractisaleaseorincludesalease.Ifthecontractincludesmultipleseparateleases,thecompanywillsplitthecontractandaccountforeachseparateleaseseparately.Ifthecontractincludesbothleaseandnonleaseparts,thelesseeandlessorshallseparatetheleaseandnonleaseparts.Asthelessee
(1)RightofUseAssetsOnthecommencementdateoftheleaseterm,theCompanyrecognizestherightofuseassetsforleasesotherthanshort-termleasesandleasesoflowvalueassets.Therightofuseassetsareinitiallymeasuredatcost.Thecostincludes:
Theinitialmeasurementamountofleaseliabilities;Ifthereisaleaseincentivefortheleasepaymentmadeonorbeforethestartdateoftheleaseterm,therelevantamountoftheleaseincentivealreadyenjoyedshallbededucted;Theinitialdirectexpensesincurredbyourcompany;Thecostexpectedtobeincurredbyourcompanyfordismantlingandremovingleasedassets,restoringthelocationofleasedassets,orrestoringleasedassetstothestateagreeduponintheleaseterms,butdoesnotincludecostsincurredforproducinginventory.Ourcompanywillusethestraight-linemethodtodepreciatetherightofuseassetsinthefuture.Forleasedassetsthatcanbereasonablydeterminedtoacquireownershipuponexpirationoftheleaseterm,theCompanyshalldepreciatetheleasedassetsovertheirremainingusefullife;Otherwise,theleasedassetshallbedepreciatedduringtheshorteroftheleasetermortheremainingusefullifeoftheleasedasset.
(2)LeaseliabilitiesOnthecommencementdateoftheleaseterm,theCompanyrecognizesleaseliabilitiesforleasesotherthanshort-termleasesandleasesoflowvalueassets.Leaseliabilitiesareinitiallymeasuredatthepresentvalueofunpaidleasepayments.Theleasepaymentamountincludes:
Fixedpaymentamount(includingsubstantialfixedpaymentamount),ifthereareleaseincentives,deducttherelevantamountofleaseincentives;Variableleasepaymentsbasedonindicesorratios;Theestimatedamounttobepaidbasedontheresidualvalueoftheguaranteeprovidedbythecompany;Theexercisepriceforpurchasingtheoption,providedthatthecompanyreasonablydeterminesthattheoptionwillbeexercised;Thepaymentrequiredtoexercisetheoptiontoterminatethelease,providedthattheleasetermreflectsthatthecompanywillexercisetheoptiontoterminatethelease.Ourcompanyusestheleaseimplicitinterestrateasthediscountrate,butiftheleaseimplicitinterestratecannotbereasonablydetermined,weuseourincrementalborrowingrateasthediscountrate.Ourcompanycalculatestheinterestexpensesofleaseliabilitiesduringeachperiodoftheleasetermbasedonafixedperiodicinterestrate,andincludestheminthecurrentperiod'sprofitandlossorrelatedassetcosts.Variableleasepaymentsthatarenotincludedinthemeasurementofleaseliabilitiesarerecognizedinthecurrentperiod'sprofitorlossorrelatedassetcostswhentheyactuallyoccur.Afterthecommencementdateoftheleaseterm,ifanyofthefollowingsituationsoccur,theCompanyshallremeasuretheleaseliabilityandadjustthecorrespondingrightofuseasset.Ifthebookvalueoftherightofuseassethasbeenreducedtozero,buttheleaseliabilitystillneedstobefurtherreduced,thedifferenceshallberecognizedinthecurrentperiod'sprofitandloss:
Whentheevaluationresultsofthepurchaseoption,renewaloption,orterminationoptionchange,ortheactualexerciseoftheaforementionedoptionsisinconsistentwiththeoriginalevaluationresults,theCompanyshallremeasuretheleaseliabilitybasedonthepresentvaluecalculatedbythemodifiedleasepaymentamountandthereviseddiscountrate;Whenthereisachangeintheactualfixedpaymentamount,achangeintheexpectedpayableamountoftheguaranteedresidualvalue,orachangeintheindexorratiousedtodeterminetheleasepaymentamount,theCompanyremeasurestheleaseliabilitybasedonthepresentvaluecalculatedusingthechangedleasepaymentamountandtheoriginaldiscountrate.However,ifthechangeinleasepaymentsisduetofluctuationsinfloatinginterestrates,thereviseddiscountrateshouldbeusedtocalculatethepresentvalue.
(3)ShorttermleasingandlowvalueassetleasingIfthecompanychoosesnottorecognizerightofuseassetsandleaseliabilitiesforshort-termleasesandlowvalueassetleases,therelevantleasepaymentswillberecognizedinthecurrentperiod'sprofitorlossorrelatedassetcostsusingthestraight-linemethodforeachperiodduringtheleaseterm.Shorttermleasereferstoaleasethatstartsontheleaseterm,hasaleasetermofnomorethan12months,anddoesnotincludepurchaseoptions.Lowvalueassetleasingreferstotheleasingofasingleleasedassetwithalowervaluewhenitisabrandnewasset.Ifacompanysubleasesoranticipatessubleasingleasedassets,theoriginalleasedoesnotbelongtoalowvalueassetlease.
(4)LeasechangeIfthereisachangeintheleaseandthefollowingconditionsaremetsimultaneously,thecompanywilltreattheleasechangeasaseparateleaseforaccountingpurposes:
Theleasechangeexpandstheleasescopebyaddingtherighttouseoneormoreleasedassets;Theincreasedconsiderationisequivalenttotheindividualpriceoftheexpandedleasescopeadjustedaccordingtothecontract
situation.Iftheleasechangeisnotaccountedforasaseparatelease,ontheeffectivedateoftheleasechange,thecompanyshallreallocatetheconsiderationofthecontractafterthechange,redeterminetheleaseterm,andremeasuretheleaseliabilitybasedonthepresentvaluecalculatedbythemodifiedleasepaymentamountandthereviseddiscountrate.Iftheleasechangeleadstoareductioninthescopeoftheleaseorashortenedleaseterm,theCompanyshallcorrespondinglyadjustthebookvalueoftherightofuseassetsandincludetherelatedgainsorlossesfrompartialorcompleteterminationoftheleaseinthecurrentperiod'sprofitandloss.Ifotherleasechangesresultintheremeasurementofleaseliabilities,theCompanyshalladjustthecarryingamountoftherightofuseassetsaccordingly.AsthelessorOnthecommencementdateofthelease,ourcompanydividestheleaseintofinancingleaseandoperatinglease.Financialleasingreferstoaleasethat,regardlessofwhetherownershipisultimatelytransferredornot,essentiallytransfersalmostallrisksandrewardsrelatedtotheownershipoftheleasedasset.Operatingleasereferstoleasesotherthanfinancingleases.Whenourcompanyactsasasublessor,weclassifysubleasebasedontherightofuseassetsgeneratedfromtheoriginallease.
(1)AccountingtreatmentforoperatingleasesTheleasereceiptsfromoperatingleasesarerecognizedasrentalincomeusingthestraight-linemethodduringeachperiodoftheleaseterm.Thecompanywillcapitalizetheinitialdirectexpensesrelatedtooperatingleasesandallocatethemtothecurrentperiod'sprofitandlossonthesamebasisasrentalincomerecognitionduringtheleaseterm.Variableleasepaymentsthatarenotincludedinleasereceiptsarerecognizedinthecurrentperiod'sprofitorlosswhentheyactuallyoccur.Ifthereisachangeintheoperatinglease,thecompanyshalltreatitasanewleaseforaccountingpurposesfromtheeffectivedateofthechange,andtheprepaidorreceivableleasereceiptsrelatedtotheleasebeforethechangeshallberegardedasthereceiptsofthenewlease.
(2)AccountingtreatmentforfinancialleasingOnthecommencementdateofthelease,theCompanyrecognizesthereceivablefinancingleasepaymentsandterminatestherecognitionoffinancingleaseassets.Whenthecompanyinitiallymeasuresthereceivablefinancingleasepayments,thenetleaseinvestmentisrecognizedastheentryvalueofthereceivablefinancingleasepayments.Thenetamountofleaseinvestmentisthesumoftheunguaranteedresidualvalueandthepresentvalueofleasereceiptsnotyetreceivedattheleasecommencementdate,discountedattheleaseimplicitinterestrate.Ourcompanycalculatesandrecognizesinterestincomeforeachperiodoftheleasetermbasedonafixedperiodicinterestrate.TheterminationrecognitionandimpairmentoffinancingleasereceivablesshallbeaccountedforinaccordancewithNote8,FinancialInstruments.Variableleasepaymentsthatarenotincludedinthemeasurementofnetleaseinvestmentsarerecognizedinthecurrentperiod'sprofitorlosswhentheyactuallyoccur.Ifthereisachangeinthefinancingleaseandthefollowingconditionsaremetsimultaneously,thecompanywilltreatthechangeasaseparateleaseforaccountingpurposes:
Thechangeexpandstheleasescopebyaddingtherighttouseoneormoreleasedassets;Theincreasedconsiderationisequivalenttotheindividualpriceoftheexpandedleasescopeadjustedaccordingtothecontractsituation.Ifthechangeoffinancingleaseisnotaccountedforasaseparatelease,thecompanywillhandlethechangedleaseinthefollowingsituations:
Ifthechangetakeseffectontheleasecommencementdate,theleasewillbeclassifiedasanoperatinglease.Thecompanywilltreatitasanewleasefromtheeffectivedateoftheleasechangeandusethenetleaseinvestmentbeforetheeffectivedateoftheleasechangeasthebookvalueoftheleasedasset;Ifthechangetakeseffectontheleasecommencementdate,theleasewillbeclassifiedasafinancelease,andourcompanywillaccountforitinaccordancewiththepolicyof"8.FinancialInstruments"regardingthemodificationorrenegotiationofcontracts.
SaleandleasebacktransactionThecompanyevaluatesanddetermineswhethertheassettransferinthesaleleasebacktransactionconstitutesasalebasedontheprinciplesdescribedinNote24,Revenue.
(1)AsatenantThetransferofassetsinasaleleasebacktransactionisconsideredasale,andthecompany,asthelessee,measurestherightofuseassetsformedbythesaleleasebackbasedontheportionoftheoriginalassetbookvaluerelatedtotherightofuseobtainedfromtheleaseback,andonlyrecognizesgainsorlossesrelatedtotherightstransferredtothelessor.Ifthetransferofassetsinasaleleasebacktransactionisnotconsideredasale,thecompany,asthelessee,continuestorecognizethetransferredassetsandalsorecognizesafinancialliabilityequaltothetransferincome.TheaccountingtreatmentoffinancialliabilitiesisdetailedinNote8,FinancialInstruments.
(2)AsalessorTheassettransferinthesaleleasebacktransactionbelongstosales,andthecompanyactsasthelessortoaccountfortheassetpurchase,andaccordingtotheaforementionedpolicyof"thecompanyactsasthelessor"toaccountfortheassetleasing;Thetransferofassetsinasaleleasebacktransactionisnotconsideredasale,andthecompany,asthelessor,doesnotrecognizethetransferredassets,butrecognizesafinancialassetequaltothetransferincome.TheaccountingtreatmentoffinancialassetsisdetailedinNote8,FinancialInstruments.
29.Methodsfordeterminingimportancecriteriaandselectioncriteria
| Item | Importancecriteria |
| Importantnonwhollyownedsubsidiaries | Subsidiary'snetassetsaccountformorethan5%ofthecompany'sconsolidatednetassetsornetprofitaccountsformorethan10%ofthecompany'sconsolidatednetprofit. |
| Importantjointventureenterprises | Investmentgainsandlossesundertheequitymethodoflong-termequityinvestmentsaccountformorethan10%ofthecompany'sconsolidatednetprofit. |
| Writeoffofimportantaccountsreceivable | Thesinglewriteoffamountaccountsformorethan5%ofthetotalbaddebtprovisionforvariousreceivablesortheamountisgreaterthan15millionyuan. |
| Significantreversalorrecoveryofbaddebtprovisionsforaccountsreceivable | Theamountofsinglerecoveryorreversalaccountsformorethan5%ofthetotalbaddebtprovisionforvariousreceivablesortheamountisgreaterthan15millionyuan. |
| Importantprepaymentswithanagingofover1year | Theindividualamountaccountsformorethan5%ofthetotalprepaidaccountsortheamountisgreaterthan15millionyuan. |
| Importantaccountspayablewithanagingofover1yearoroverdue | Theindividualamountaccountsformorethan5%ofthetotalaccountspayableorexceeds15millionyuan. |
| Importantongoingconstructionprojects | Thefinalbalanceoftheprojectisover50millionyuan. |
30.Significantaccountingjudgmentsandestimates
(1)Significantaccountingpolicychanges
√Applicable□NotapplicableTheMinistryofFinancereleasedthe"CompilationofApplicationGuidelinesforEnterpriseAccountingStandards2024"inMarch2024,whichstipulatesthatwarrantyfeesshouldbeincludedinoperatingcosts.Themainimpactsofourcompany'simplementationofthisregulationareasfollows:
| Thecontentandreasonsforchangesinaccountingpolicies | Affectedreportitems | Merge | Parentcompany | ||
| CurrentPeriod | PriorPeriod | CurrentPeriod | PriorPeriod | ||
| Accordingtothe"Compilationof | Operatingcosts | 1,198,507,902.94 | 788,037,030.18 | 607,136,813.52 | 724,716,121.58 |
| Thecontentandreasonsforchangesinaccountingpolicies | Affectedreportitems | Merge | Parentcompany | ||
| CurrentPeriod | PriorPeriod | CurrentPeriod | PriorPeriod | ||
| ApplicationGuidelinesforEnterpriseAccountingStandards2024",thecompanywillclassifyqualityassuranceasoperatingcosts. | Sellingexpenses | -1,198,507,902.94 | -788,037,030.18 | -607,136,813.52 | -724,716,121.58 |
(2)Changesinsignificantaccountingestimates
□Applicable√Notapplicable
(3)Startingfrom2024,thefirstimplementationofthenewaccountingstandardswilladjustthefinancialstatementsrelatedtotheitemsatthebeginningoftheyear
□Applicable√NotapplicableVI.TAXES
1.Maintaxesandtaxrates
| Categoriesoftaxes | taxbasis | taxrate(%) |
| Valueaddedtax(“VAT”) | Theoutputtaxiscalculatedbasedonthesalesofgoodsandtaxableserviceincomecalculatedaccordingtotaxlaws.Afterdeductingtheinputtaxthatcanbedeductedinthecurrentperiod,thedifferenceisthepayablevalue-addedtax. | 6、7、9、13 |
| Consumptiontax | Calculatedandpaidbasedontaxablesalesrevenue. | 1、3、5 |
| Citymaintenanceandconstructiontax | Calculatedandpaidbasedontheactualvalue-addedtaxandconsumptiontaxpaid. | 5、7 |
| Corporateincometax | Calculatedandpaidbasedontaxableincome. | 15-41 |
| Educationalsurcharge | Calculatedandpaidbasedontheactualvalue-addedtaxandconsumptiontaxpaid. | 3 |
| Localeducationalsurcharge | Calculatedandpaidbasedontheactualvalue-addedtaxandconsumptiontaxpaid. | 2 |
2.Taxbenefits
1.Accordingtotherelevantregulationsofnationalhigh-techrecognitionandrelevanttaxpreferentialpolicies,thefollowingsubsidiariesofourcompanyhavebeenrecognizedashigh-techenterprisesandenjoyapreferentialcorporateincometaxrateof15%duringtheprescribedperiod:ourcompany(November2021toNovember2024),HebeiChanganAutomobileCo.,Ltd.(2023to2025),andDeepBlueAutomotiveTechnologyCo.,Ltd.(2023to2025).
2.AccordingtotheAnnouncementonContinuingtheEnterpriseIncomeTaxPolicyforWesternDevelopmentjointlyissuedbytheMinistryofFinance,theStateAdministrationofTaxation,andtheNationalDevelopmentandReformCommission(AnnouncementNo.23of2020oftheMinistryofFinance,theStateAdministrationofTaxation,andtheNationalDevelopmentandReformCommission),fromJanuary1,2021toDecember31,2030,encouragedindustrialenterpriseslocatedinthewesternregionwillbesubjecttoareducedcorporateincometaxrateof15%.Oursubsidiaries,ChongqingChanganAutomobileInternationalSalesServiceCo.,Ltd.,ChongqingChanganSpecialPurposeVehicleCo.,Ltd.,ChongqingChanganAutomobileCustomerServiceCo.,Ltd.,ChongqingLingyaoAutomobileCo.,Ltd.,ChongqingChemeimeiTechnologyCo.,Ltd.,ChongqingChanganAutomobileSoftwareTechnologyCo.,Ltd.,andChongqingChanganTechnologyCo.,Ltd.,meettheaboverequirementsandaresubjecttocorporateincometaxatarateof15%.
3.AccordingtotheAnnouncementoftheMinistryofFinanceandtheStateAdministrationofTaxationonFurtherSupportingtheDevelopmentofSmallandMicroEnterprisesandIndividualIndustrialandCommercialHouseholdsandRelatedTaxPolicies
(AnnouncementNo.12of2023oftheMinistryofFinanceandtheStateAdministrationofTaxation),thetaxableincomeofsmallandmicroprofitenterprisesshallbereducedby25%,andtheenterpriseincometaxshallbepaidatarateof20%.Oursubsidiaries,ChongqingXingzhiTechnologyCo.,Ltd.,GuangzhouChang'anNewEnergyVehicleSalesandServiceCo.,Ltd.,NanjingChang'anNewEnergyVehicleSalesandServiceCo.,Ltd.,XiamenChang'anNewEnergyVehicleSalesandServiceCo.,Ltd.,ShenlanAutomobileNanjingResearchInstituteCo.,Ltd.,andShenlanAutomobileMarketingService(Shenzhen)Co.,Ltd.,meettheprescribedconditionsandenjoytaxpreferentialpoliciesforsmallandmicroprofitenterprises.
4.AccordingtotheAnnouncementoftheMinistryofFinanceandtheStateAdministrationofTaxationonthePolicyofValueaddedTaxDeductionforAdvancedManufacturingEnterprises(AnnouncementNo.43of2023oftheMinistryofFinanceandtheStateAdministrationofTaxation),fromJanuary1,2023toDecember31,2027,advancedmanufacturingenterprisesareallowedtodeductanadditional5%ofthedeductibleinputtaxforthecurrentperiodtooffsetthepayablevalue-addedtax.OurcompanyanditssubsidiaryHebeiChanganAutomobileCo.,Ltd.meettheprescribedconditionsin2024andareeligiblefortheadditionaldeductionpolicy.
VII.Notestotheconsolidatedfinancialstatements
1.Cash
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Cash | 4,998.00 | 35,257.05 |
| Cashatbank | 34,854,105,125.40 | 29,493,854,273.50 |
| Othercash | 1,145,129,617.91 | 461,131,970.31 |
| Cashatfinancialcompany | 34,939,896,329.93 | 34,916,021,247.02 |
| Total | 70,939,136,071.24 | 64,871,042,747.88 |
| Amongthem:totalamountoffundsstoredoverseas | 3,482,035,375.40 | 1,797,894,384.53 |
Note:ThemonetaryfundsdepositedbyourcompanywithaffiliatedfinancialcompaniesaredetailedinNote14,Section5
2.Transactionalfinancialassets
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Financialassetsmeasuredatfairvaluewithchangesrecognizedincurrentprofitorloss | ||
| Amongthem:Equityinstrumentinvestment | 152,668,417.66 | 160,744,733.27 |
| Others | 6,774,614.02 | |
| Total | 152,668,417.66 | 167,519,347.29 |
3.Notesreceivable
(1)Classificationofnotesreceivable
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Bankacceptancebill | 24,414,869,176.41 | 28,588,687,367.75 |
| Commercialacceptancebill | 9,580,659,286.74 | 9,069,703,846.26 |
| Total | 33,995,528,463.15 | 37,658,391,214.01 |
(2)Disclosureofaccountsreceivableclassifiedbybaddebtprovisionmethod
InRMBYuan
| Item | Endingbalance |
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Provisionforbaddebtsbasedonthecombinationofcreditriskcharacteristics | 33,995,528,463.15 | 100.00 | 33,995,528,463.15 | ||
| Total | 33,995,528,463.15 | 100.00 | 33,995,528,463.15 | ||
Item
| Item | Beginningbalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Provisionforbaddebtsbasedonthecombinationofcreditriskcharacteristics | 37,658,391,214.01 | 100.00 | 37,658,391,214.01 | ||
| Total | 37,658,391,214.01 | 100.00 | 37,658,391,214.01 | ||
Provisionforbaddebtsbasedonthecombinationofcreditriskcharacteristics：
InRMBYuan
| Item | Endingbalance | ||
| Bookbalance | Baddebtreserves | Provisionratio(%) | |
| Bankacceptancebill | 24,414,869,176.41 | ||
| Commercialacceptancebill | 9,580,659,286.74 | ||
| Total | 33,995,528,463.15 | ||
(3)Notesreceivablepledged
InRMBYuan
| Item | Pledgedamount |
| Bankacceptancebill | 5,897,473,036.76 |
| Commercialacceptancebill | |
| Total | 5,897,473,036.76 |
(4)Endorsedordiscountedbutunexpirednotesreceivableasattheendofreportingperiod
InRMBYuan
| Item | Amountderecognizedattheendoftheperiod | Amountnotderecognizedattheendoftheperiod |
| Bankacceptancebill | 1,904,671,080.90 | |
| Commercialacceptancebill | ||
| Total | 1,904,671,080.90 |
4.Accountsreceivable
(1)Aginganalysisoftheaccountsreceivable
InRMBYuan
| Aging | Endingbalance | Beginningbalance |
| Within1year | 3,003,576,409.95 | 2,455,130,606.98 |
| 1to2years | 43,807,168.03 | 9,231,834.37 |
| 2to3years | 179,086.17 | 436,370.13 |
| Over3years | 190,347,427.76 | 196,256,136.33 |
| Total | 3,237,910,091.91 | 2,661,054,947.81 |
| Less:Provision | 248,678,986.50 | 249,258,528.74 |
| Total | 2,989,231,105.41 | 2,411,796,419.07 |
(2)Accountsreceivableareclassifiedanddisclosedaccordingtothebaddebtprovisionmethod
InRMBYuan
| Category | Endingbalance | ||||
| Balance | Provision | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Individuallyanalyzedforprovision | 1,717,957,980.28 | 53.06 | 139,066,311.49 | 8.09 | 1,578,891,668.79 |
| Accountsreceivableanalyzedasgroupsforprovision | 1,519,952,111.63 | 46.94 | 109,612,675.01 | 7.21 | 1,410,339,436.62 |
| Total | 3,237,910,091.91 | 100.00 | 248,678,986.50 | 2,989,231,105.41 | |
Category
| Category | Beginningbalance | ||||
| Balance | Provision | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Individuallyanalyzedforprovision | 1,155,752,310.55 | 43.43 | 139,066,311.49 | 12.03 | 1,016,685,999.06 |
| Accountsreceivableanalyzedasgroupsforprovision | 1,505,302,637.26 | 56.57 | 110,192,217.25 | 7.32 | 1,395,110,420.01 |
| Total | 2,661,054,947.81 | 100.00 | 249,258,528.74 | 2,411,796,419.07 | |
Provisionforbaddebtsbasedoncreditriskcharacteristics:
InRMBYuan
| Aging | Endingbalance | ||
| Estimatedfacevaluefordefault | Expectedcreditlossrate(%) | Expectedcreditlossfortheentireduration | |
| Within1year | 1,380,421,113.86 | 0.07 | 954,519.49 |
| 1to2years | 11,080,482.89 | 1.67 | 185,470.95 |
| 2to3years | |||
| Over3years | 128,450,514.88 | 84.45 | 108,472,684.57 |
| Total | 1,519,952,111.63 | 109,612,675.01 | |
(3)Provisionforbaddebtsaccrued,recoveredorreversedinthisperiod
InRMBYuan
| Category | Beginningbalance | Currentperiodchangeamount | Endingbalance | |
| Provision | Withdrawalorreversal | |||
| Individuallyanalyzedforprovision | 139,066,311.49 | 139,066,311.49 | ||
| Accountsreceivableanalyzedasgroupsforprovision | 110,192,217.25 | 10,487,313.94 | 11,066,856.18 | 109,612,675.01 |
| Total | 249,258,528.74 | 10,487,313.94 | 11,066,856.18 | 248,678,986.50 |
(4)Accountsreceivableandcontractassetsofthetopfiveendingbalancescollectedbydebtor
AsofJune30,2024,thetopfiveaccountsreceivablehadatotalbalanceof1438032537.33yuan,accountingfor44.41%ofthetotalendingbalanceofaccountsreceivable.
5.Contractassets
(1)Contractassetsituation
InRMBYuan
| Item | Endingbalance | Beginningbalance | ||||
| Bookbalance | Provisionforimpairment | Bookvalue | Bookbalance | Provisionforimpairment | Bookvalue | |
| Contractassets | 1,492,931,270.28 | 670,236,570.38 | 822,694,699.90 | 2,104,221,673.68 | 661,344,707.38 | 1,442,876,966.30 |
| Total | 1,492,931,270.28 | 670,236,570.38 | 822,694,699.90 | 2,104,221,673.68 | 661,344,707.38 | 1,442,876,966.30 |
(2)DisclosureofContractAssetsClassifiedbyBadDebtProvisionMethod
InRMBYuan
| Item | Endingbalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Individuallyanalyzedforprovision | 1,492,931,270.28 | 100.00 | 670,236,570.38 | 44.89 | 822,694,699.90 |
| Total | 1,492,931,270.28 | 100.00 | 670,236,570.38 | 822,694,699.90 | |
Item
| Item | Beginningbalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Individuallyanalyzedforprovision | 2,104,221,673.68 | 100.00 | 661,344,707.38 | 31.43 | 1,442,876,966.30 |
| Total | 2,104,221,673.68 | 100.00 | 661,344,707.38 | 1,442,876,966.30 | |
Provisionforbaddebtsbasedonindividualitems：
InRMBYuan
| Item | Endingbalance | ||
| Bookbalance | Baddebtreserves | Provisionratio(%) | |
| Contractassets | 1,492,931,270.28 | 670,236,570.38 | 44.89 |
| Total | 1,492,931,270.28 | 670,236,570.38 | |
(3)Provisionforimpairmentofcontractassetsinthisperiod
InRMBYuan
| Item | Beginningbalance | Provisionforthisperiod | Withdrawalorreversalinthisperiod | Endingbalance |
| Contractassets | 661,344,707.38 | 17,506,800.00 | 8,614,937.00 | 670,236,570.38 |
| Total | 661,344,707.38 | 17,506,800.00 | 8,614,937.00 | 670,236,570.38 |
6.Otherreceivables
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Dividendreceivable | 22,469,320.00 | |
| Otherreceivables | 432,539,377.40 | 894,268,431.82 |
| Total | 455,008,697.40 | 894,268,431.82 |
(1)Dividendreceivable
InRMBYuan
| Project(orinvestee) | Endingbalance | Beginningbalance |
| ChongqingChang'anKuayueVehicleCo.,Ltd | 3,430,000.00 | |
| ZhongfaLianInvestmentCo.,Ltd | 19,039,320.00 | |
| Total | 22,469,320.00 |
(2)Otherreceivables
1)Aginganalysisofotherreceivables
InRMBYuan
| Aging | Endingbalance | Beginningbalance |
| Within1year | 366,712,847.70 | 832,441,463.15 |
| 1to2years | 11,024,391.63 | 7,857,497.78 |
| 2to3years | 3,555,131.73 | 50,952,225.85 |
| Over3years | 58,836,843.69 | 10,686,669.55 |
| Total | 440,129,214.75 | 901,937,856.33 |
| Less:Provision | 7,589,837.35 | 7,669,424.51 |
| Total | 432,539,377.40 | 894,268,431.82 |
2)Classifieddisclosurebasedonbaddebtprovisionmethod
InRMBYuan
| Item | Beginningbalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Individuallyanalyzedforprovision | 233,971,501.63 | 53.16 | 7,256,494.25 | 3.10 | 226,715,007.38 |
| Accountsreceivableanalyzedasgroupsforprovision | 206,157,713.12 | 46.84 | 333,343.10 | 0.16 | 205,824,370.02 |
| Total | 440,129,214.75 | 100.00 | 7,589,837.35 | 432,539,377.40 | |
Item
| Item | Beginningbalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Individuallyanalyzedforprovision | 720,811,020.18 | 79.92 | 7,256,494.25 | 1.01 | 713,554,525.93 |
| Accountsreceivableanalyzedasgroupsforprovision | 181,126,836.15 | 20.08 | 412,930.26 | 0.23 | 180,713,905.89 |
| Total | 901,937,856.33 | 100.00 | 7,669,424.51 | 894,268,431.82 | |
3)Provisionforbaddebts
InRMBYuan
| Baddebtreserves | Phase1 | Phase2 | Phase3 | Total |
| Expectedcreditlossforthenext12months | Expectedcreditlossfortheentireduration(nocreditimpairmenthasoccurred) | Expectedcreditlossfortheentireduration(creditimpairmentalreadyoccurred) | ||
| Yearendbalanceofthepreviousyear | 412,930.26 | 7,256,494.25 | 7,669,424.51 | |
| Lastyear'syear-endbalanceinthecurrentperiod | ||||
| ——Enteringthesecondstage | ||||
| ——Enteringthethirdstage | ||||
| ——Returntothesecondstage | ||||
| ——Returntothefirststage | ||||
| Provisionforthisperiod | 15,545.96 | 15,545.96 | ||
| Currentperiodreversal | 195,133.12 | 195,133.12 | ||
| Thisperiod'sresale | ||||
| Verificationinthisperiod | ||||
| Otherchanges | -100,000.00 | -100,000.00 | ||
| Total | 333,343.10 | - | 7,256,494.25 | 7,589,837.35 |
Thechangesinthebookbalanceofotherreceivablesareasfollows:
InRMBYuan
| Baddebtreserves | Phase1 | Phase2 | Phase3 | Total |
| Expectedcreditlossforthenext12months | Expectedcreditlossfortheentireduration(nocreditimpairmenthasoccurred) | Expectedcreditlossfortheentireduration(creditimpairmentalreadyoccurred) | ||
| Yearendbalanceofthepreviousyear | 894,681,362.08 | 7,256,494.25 | 901,937,856.33 | |
| Lastyear'syear-endbalanceinthecurrentperiod | ||||
| ——Enteringthesecondstage | ||||
| ——Enteringthethirdstage | ||||
| ——Returntothesecondstage | ||||
| ——Returntothefirst |
| stage | ||||
| Newlyaddedinthisperiod | 3,020,554,950.02 | 3,020,554,950.02 | ||
| Terminationconfirmationforthisperiod | 3,482,363,591.60 | 3,482,363,591.60 | ||
| Otherchanges | ||||
| Total | 432,872,720.50 | 7,256,494.25 | 440,129,214.75 |
4)Provisionforbaddebtsaccrued,recoveredorreversedinthisperiod
InRMBYuan
| Category | Beginningbalance | Changeamountinthecurrentperiod | Endingbalance | ||
| Provision | Otheradditions | Write-off | |||
| Individuallyanalyzedforprovision | 7,256,494.25 | 7,256,494.25 | |||
| Accountsreceivableanalyzedasgroupsforprovision | 412,930.26 | 15,545.96 | 100,000.00 | 195,133.12 | 333,343.10 |
| Total | 7,669,424.51 | 15,545.96 | 100,000.00 | 195,133.12 | 7,589,837.35 |
5)Otherreceivablesareclassifiedbynature
InRMBYuan
| Nature | Endingbalance | Beginningbalance |
| Subsidiesreceivable | 103,070,000.00 | 586,119,720.60 |
| Prepaidequityinvestmentfunds | 93,753,846.00 | 95,100,000.00 |
| Reservefund | 14,290,880.49 | 74,416,322.72 |
| Depositandearnestmoney | 13,955,872.42 | 15,176,743.46 |
| Others | 215,058,615.84 | 131,125,069.55 |
| Total | 440,129,214.75 | 901,937,856.33 |
6)OtherreceivableswiththetopfiveendingbalancescollectedbydebtorAsofJune30,2024,thetopfiveendingbalancesofotherreceivablesamountedtoRMB268,755,223.16,accountingfor61.06%ofthetotalendingbalanceofotherreceivables.
7.Prepayments
(1)Prepaymentslistedbyaging
InRMBYuan
| Aging | Endingbalance | Beginningbalance | ||
| Amount | Ratio(%) | Amount | Ratio(%) | |
| Within1year | 580,422,457.73 | 99.63 | 281,522,043.69 | 97.86 |
| 1to2years | 1,698,426.16 | 0.29 | 1,248,976.74 | 0.43 |
| 2to3years | 161,358.87 | 0.03 | 128,513.87 | 0.04 |
| Over3years | 298,916.65 | 0.05 | 4,811,476.32 | 1.67 |
| Total | 582,581,159.41 | 100.00 | 287,711,010.62 | 100.00 |
(2)PrepaymentsofthetopfiveendingbalancescollectedbyprepaymentobjectOnJune30,2024,thetopfiveprepaidaccountsamountedto351,100,301.86yuan,accountingfor60.27%ofthetotalprepaidaccounts
8.Inventory
(1)Classificationofinventory
InRMBYuan
| Item | Endingbalance | Beginningbalance | ||||
| Balance | Provisionforinventorydepreciation/provisionforimpairmentofcontractperformancecosts | Netvalue | Balance | Provisionforinventorydepreciation/provisionforimpairmentofcontractperformancecosts | Netvalue | |
| Commoditystock | 12,382,359,309.93 | 167,078,148.59 | 12,215,281,161.34 | 11,890,690,577.52 | 202,418,376.89 | 11,688,272,200.63 |
| Workinprogress | 1,198,938,919.87 | 68,095,900.34 | 1,130,843,019.53 | 1,291,990,811.53 | 63,870,083.00 | 1,228,120,728.53 |
| Rawmaterials | 678,385,842.33 | 320,486,654.84 | 357,899,187.49 | 748,776,600.96 | 378,040,520.19 | 370,736,080.77 |
| Workintransit | 60,000,715.74 | 60,000,715.74 | 81,586,613.21 | 81,586,613.21 | ||
| Consignedprocessingmaterial | 5,067,865.00 | 5,067,865.00 | 27,617,777.37 | 27,617,777.37 | ||
| Ohers | 23,770,549.84 | 23,770,549.84 | 69,514,296.42 | 69,514,296.42 | ||
| Total | 14,348,523,202.71 | 555,660,703.77 | 13,792,862,498.94 | 14,110,176,677.01 | 644,328,980.08 | 13,465,847,696.93 |
(2)Provisionforinventorydepreciation/provisionforimpairmentofcontractperformancecosts
InRMBYuan
| Item | Beginningbalance | Currentprovisionamount | Currentreversalorcancellationamount | Endingbalance |
| Rawmaterials | 378,040,520.19 | 19,020,475.09 | 76,574,340.44 | 320,486,654.84 |
| Workinprogress | 63,870,083.00 | 23,917,940.57 | 19,692,123.23 | 68,095,900.34 |
| Commoditystock | 202,418,376.89 | 94,627,939.52 | 129,968,167.82 | 167,078,148.59 |
| Total | 644,328,980.08 | 137,566,355.18 | 226,234,631.49 | 555,660,703.77 |
Ourcompanymakesprovisionsforinventoryimpairmentbasedonwhetherthecostexceedsthenetrealizablevalue.Netrealizablevaluereferstotheestimatedsellingpriceofinventoryindailyactivities,minustheestimatedcoststobeincurreduntilcompletion,estimatedsalesexpenses,andrelatedtaxesandfees.Thereasonforthereversalorcancellationofinventoryimpairmentprovisionsinthisyearisthatthenetrealizablevalueofinventoryforwhichinventoryimpairmentprovisionsweremadeinpreviousyearshasincreasedorsaleshavebeenrealizedinthecurrentyear.
9.Othercurrentassets
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Accrualinputtax | 1,410,064,211.95 | 1,393,763,691.38 |
| Prepaidtaxes | 820,109,176.93 | 336,795,620.72 |
| Fixeddepositsandothers | 4,561,179.72 | 8,004,894,049.22 |
| Total | 2,234,734,568.60 | 9,735,453,361.32 |
10.Investmentinotherequityinstruments
InRMBYuan
| Item | Endingbalance | Beginningbalance | Gainsrecognizedinothercomprehensiveincomeforthecurrentperiod | Lossesincludedinothercomprehensiveincomeforthisperiod | Accumulatedgainsrecognizedinothercomprehensiveincomeattheendofthisperiod | Accumulatedlossesrecognizedinothercomprehensiveincomeattheendofthisperiod | Dividendincomerecognizedinthisperiod | Reasonforbeingdesignatedasfairvaluethroughothercomprehensiveincome |
| ZhongFaLianInvestmentCo.,Ltd. | 14,801,858.72 | 14,801,858.72 | 6,198,141.28 | 19,039,320.00 | Unlistedequityinstruments | |||
| ChinaSouthIndustryGroupFinanceCo.,Ltd. | 335,540,000.00 | 335,540,000.00 | 178,519,200.00 | Unlistedequityinstruments | ||||
| Guoqi(Beijing)IntelligentNetworkAssociationAutomotiveResearchInstituteCo.,Ltd. | 2,958,223.99 | 2,958,223.99 | 41,776.01 | Unlistedequityinstruments | ||||
| GuoqiAutomobilePowerCellResearchCo.,Ltd. | 39,590,000.00 | 39,590,000.00 | 410,000.00 | Unlistedequityinstruments | ||||
| ChinaSouthIndustryGroupFinancialLeasingCo.,Ltd. | 28,300,000.00 | 28,300,000.00 | 2,252,000.00 | Unlistedequityinstruments | ||||
| Guoqi(Beijing)IntelligentConnectedVehicleResearchInstituteCo.,Ltd | 83,000,000.00 | 83,000,000.00 | 33,000,000.00 | Unlistedequityinstruments | ||||
| Total | 504,190,082.71 | 504,190,082.71 | 211,519,200.00 | 8,901,917.29 | 19,039,320.00 |
11.Long-termequityinvestments
InRMBYuan
| Investee | Beginningbalance | Changesinthisperiod | Endingbalance | Provisionendingbalance | ||||
| Addition | Investmentincomeunderequitymethod | Othercomprehensiveincomeadjustments | Otherequitychanges | Declarethedistributionofcashdividendsorprofits | ||||
| I.JointVenture | ||||||||
| NanchangJianglingHoldingCo.,Ltd. | 2,106,206,520.20 | 181,840,492.72 | 2.89 | 2,288,047,015.81 | ||||
| ChanganMazdaAutomobileCo.,Ltd. | 878,239,492.13 | (102,147,632.24) | 776,091,859.89 | |||||
| ChanganMazdaEngineCo.,Ltd. | 805,005,706.40 | 1,138,226.54 | 806,143,932.94 | |||||
| ChanganFordAutomobileCo.,Ltd. | 618,761,192.06 | 618,761,192.06 | ||||||
| Subtotal | 3,789,451,718.73 | 699,592,279.08 | 2.89 | 4,489,044,000.70 | ||||
| II.Associates | ||||||||
| ChanganAutomobileFinancingCo.,Ltd | 3,041,392,973.86 | 201,365,024.22 | 3,242,757,998.08 | |||||
| NanjingLeadingEquityInvestmentManagementCo.,Ltd.(LimitedPartnership) | 2,645,793,326.69 | (7,834,395.32) | 2,637,958,931.37 | |||||
| ZhongqiChuangzhiTechnologyCo.,Ltd. | 448,515,220.54 | (8,958,355.14) | 439,556,865.40 | |||||
| ChongqingChanganKuayueAutomobileCo.,Ltd. | 228,765,251.64 | 2,148,873.70 | (3,430,000.00) | 227,484,125.34 | ||||
| ChongqingChangxinZhiqiPrivateEquityInvestmentFundPartnership(LimitedPartnership) | 204,518,396.38 | 8,011,212.22 | 212,529,608.60 | |||||
| ShidaiChanganPowerBatteryCo.,Ltd | 342,065,472.72 | (95,914,775.21) | 246,150,697.51 | |||||
| ChongqingChangxianIntelligentTechnologyCo.,Ltd | 105,033,367.07 | 649,948.26 | 105,683,315.33 | |||||
| ChongqingChanganInnovationPrivateEquityInvestmentFundPartnershipEnterprise(LimitedPartnership) | 70,104,473.99 | 308.14 | 70,104,782.13 | |||||
| Investee | Beginningbalance | Changesinthisperiod | Endingbalance | Provisionendingbalance | ||||
| Addition | Investmentincomeunderequitymethod | Othercomprehensiveincomeadjustments | Otherequitychanges | Declarethedistributionofcashdividendsorprofits | ||||
| ChanganFordNewEnergyVehicleTechnologyCo.,Ltd | 67,713,664.93 | (17,113,068.64) | 50,600,596.29 | |||||
| AnheChongqingDingfengAutomobileContractPrivateEquityInvestmentFund | 61,692,352.41 | 370,450.00 | 62,062,802.41 | |||||
| HunanGuoxinSemiconductorTechnologyCo.,Ltd. | 28,502,232.09 | 161,981.13 | 28,664,213.22 | |||||
| NanjingLeadingEquityInvestmentPartnership | 1,107,400.12 | (6,888.58) | 1,100,511.54 | |||||
| NanjingChelaiTravelTechnologyCo.,Ltd. | 584,824.65 | (251,725.81) | 333,098.84 | |||||
| AvatrTechnology(Chongqing)Co.,Ltd | 2,295,710,259.79 | (590,923,775.44) | (184,358.40) | 3,221,300.64 | 1,707,823,426.59 | |||
| ChongqingChanganKuayueAutomobileSalesCo.,Ltd. | 69,600,000.00 | (578,713.15) | 69,021,286.85 | |||||
| ChongqingChanganKuayueVehicleMarketingCo.,Ltd | 1,018,842.33 | 1,018,842.33 | ||||||
| HangzhouCheliziIntelligentTechnologyCo.,Ltd. | 1,111,663.20 | (22,553.03) | 1,089,110.17 | |||||
| Anhe(Chongqing)EquityInvestmentFundManagementCo.,Ltd. | 5,970,815.86 | (260,289.22) | 5,710,526.64 | |||||
| MasterChanganAutomobileCo.,Ltd. | 43,377,199.66 | 13,827,379.83 | (5,967,137.61) | 51,237,441.88 | ||||
| TimeFAWPowerBatteryCo.,Ltd. | 276,006,999.87 | 51,497,228.69 | 327,504,228.56 | |||||
| ChongqingWutongChelianTechnologyCo.,Ltd. | 79,781,303.57 | 1,774,491.91 | 81,555,795.48 | |||||
| WesternCarNetwork(Chongqing)Co.,Ltd. | 5,183,910.52 | (112,511.72) | 5,071,398.80 | |||||
| ChongqingAndaSemiconductor | 45,009,157.18 | 89,737.94 | 45,098,895.12 | |||||
| Investee | Beginningbalance | Changesinthisperiod | Endingbalance | Provisionendingbalance | ||||
| Addition | Investmentincomeunderequitymethod | Othercomprehensiveincomeadjustments | Otherequitychanges | Declarethedistributionofcashdividendsorprofits | ||||
| Co.,Ltd | ||||||||
| Subtotal | 9,997,940,266.74 | 69,600,000.00 | (441,061,572.89) | (6,151,496.01) | 3,221,300.64 | (3,430,000.00) | 9,620,118,498.48 | |
| Total | 13,787,391,985.47 | 69,600,000.00 | 258,530,706.19 | (6,151,493.12) | 3,221,300.64 | (3,430,000.00) | 14,109,162,499.18 | |
12.Investmentproperty
(1)InvestmentrealestateusingcostmeasurementmodelCostModel
InRMBYuan
| Item | Buildings | Total |
| I.Originalcost | ||
| 1.Openingbalance | 10,050,100.00 | 10,050,100.00 |
| 2.Increaseincurrentperiod | ||
| 3.Decreaseincurrentperiod | ||
| 4.Endingbalance | 10,050,100.00 | 10,050,100.00 |
| II.Accumulateddepreciationandamortization | ||
| 1.Openingbalance | 3,854,096.52 | 3,854,096.52 |
| 2.Increaseincurrentperiod | 113,355.78 | 113,355.78 |
| (1)Provisionoramortization | 113,355.78 | 113,355.78 |
| 3.Decreaseincurrentperiod | ||
| 4.Endingbalance | 3,967,452.30 | 3,967,452.30 |
| III.Impairmentprovision | ||
| 1.Openingbalance | ||
| 2.Increaseincurrentperiod | ||
| 3.Decreaseincurrentperiod | ||
| 4.Endingbalance | ||
| IV.NetValue | ||
| 1.Ending | 6,082,647.70 | 6,082,647.70 |
| 2.Beginning | 6,196,003.48 | 6,196,003.48 |
13.Fixedassets
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Fixedassets | 19,515,251,831.25 | 19,994,084,908.14 |
| Total | 19,515,251,831.25 | 19,994,084,908.14 |
(1)Detailsoffixedassets
InRMBYuan
| Item | Buildings | Machinery | Vehicles | OtherEquipment | Total |
| 1.Originalbookvalue: | |||||
| Openingbalance | 10,402,849,881.70 | 28,090,256,805.16 | 1,669,155,485.79 | 10,398,235,511.86 | 50,560,497,684.51 |
| purchase | 6,947,419.08 | 30,268,855.34 | 342,511.77 | 9,559,380.24 | 47,118,166.43 |
| Transferofongoingconstructionprojects | 59,811,701.10 | 797,829,206.62 | 4,125,707.20 | 283,210,721.10 | 1,144,977,336.02 |
| Disposalorscrapping | 1,102,004.53 | 587,091,101.53 | 461,381,244.23 | 61,225,592.30 | 1,110,799,942.59 |
| Decreaseinexchange | 848,949.59 | 11,264,599.66 | 12,113,549.25 |
| ratefluctuations | |||||
| Closingbalance | 10,468,506,997.35 | 28,330,414,816.00 | 1,212,242,460.53 | 10,618,515,421.24 | 50,629,679,695.12 |
| 2.Accumulateddepreciation | |||||
| Openingbalance | 3,252,045,432.73 | 17,904,036,679.47 | 770,934,918.45 | 5,827,737,532.10 | 27,754,754,562.75 |
| Provision | 173,016,577.99 | 876,874,872.98 | 124,174,688.28 | 291,953,340.10 | 1,466,019,479.35 |
| Disposalorscrapping | 340,561.98 | 543,273,493.12 | 237,736,912.80 | 55,900,526.51 | 837,251,494.41 |
| Decreaseinexchangeratefluctuations | 1,120,727.04 | 724,512.21 | 1,845,239.25 | ||
| Closingbalance | 3,423,600,721.70 | 18,236,913,547.12 | 657,372,693.93 | 6,063,790,345.69 | 28,381,677,308.44 |
| 3.Provisionforimpairment | |||||
| Openingbalance | 63,168,825.18 | 2,319,193,144.50 | 33,357,247.40 | 395,938,996.54 | 2,811,658,213.62 |
| Increasedamountinthisperiod | |||||
| Disposalorscrapping | 514,180.92 | 42,797,195.17 | 30,456,280.26 | 5,140,001.84 | 78,907,658.19 |
| Closingbalance | 62,654,644.26 | 2,276,395,949.33 | 2,900,967.14 | 390,798,994.70 | 2,732,750,555.43 |
| 4.Bookvalue | |||||
| Closingbookvalue | 6,982,251,631.39 | 7,817,105,319.55 | 551,968,799.46 | 4,163,926,080.85 | 19,515,251,831.25 |
| Initialbookvalue | 7,087,635,623.79 | 7,867,026,981.19 | 864,863,319.94 | 4,174,558,983.22 | 19,994,084,908.14 |
(2)FixedassetsthataretemporarilyunusedOnJune30,2024,fixedassetswithabookvalueofRMB148,776,035.09(December31,2023:RMB187074047.38)weretemporarilyidleduetoproductupgradesandotherreasons.
(3)Thefixedassetswhicharerentedoutunderoperatingleases
InRMBYuan
| Item | Ending |
| Buildings | 113,748,399.06 |
| Machinery | |
| Vehicles | 415,340,505.59 |
| OtherEquipment | |
| Total | 529,088,904.65 |
(4)FixedassetswithincompletepropertyrightscertificatesAsofJune30,2024,ourcompanydoesnothaveanyfixedassetswithoutpropertyownershipcertificates.
14.Constructioninprogress
(1)Detailsofconstructioninprogress
InRMBYuan
| Item | Endingbalance | Beginningbalance | ||||
| Balance | Provision | Carryingamount | Balance | Provision | Carryingamount | |
| Engineeringconstruction | 1,097,713,624.86 | 1,097,713,624.86 | 750,986,351.54 | 750,986,351.54 | ||
| project | ||||||
| Productionlineconstructionandtechnologicalrenovationprojects | 678,432,023.02 | 678,432,023.02 | 626,139,410.60 | 626,139,410.60 | ||
| EngineTechnicalRenovationProject | 104,880,824.53 | 20,921,684.06 | 83,959,140.47 | 204,550,269.22 | 20,921,684.06 | 183,628,585.16 |
| Environmentalrelocationproject | 17,147,783.12 | 17,147,783.12 | 59,586,596.48 | 59,586,596.48 | ||
| Otherprojects | 426,165,420.83 | 8,841,139.67 | 417,324,281.16 | 302,845,555.72 | 8,841,139.67 | 294,004,416.05 |
| Total | 2,324,339,676.36 | 29,762,823.73 | 2,294,576,852.63 | 1,944,108,183.56 | 29,762,823.73 | 1,914,345,359.83 |
(2)Movementsofsignificantconstructioninprogress
InRMBYuan
| Item | Budget(In1,000RMB) | Beginningbalance | Addition | Transferredtofixedassets | Endingbalance | Theprojectinvestments’proportionofbudget(%) | Progressofconstruction(%) | Sourceoffunds |
| Engineeringconstructionproject | 831,204.00 | 750,986,351.54 | 352,473,744.75 | 5,746,471.43 | 1,097,713,624.86 | 53.47 | 53.47 | Selfraised |
| Productionlineconstructionandtechnologicalrenovationprojects | 683,360.77 | 626,139,410.60 | 632,925,898.19 | 580,633,285.77 | 678,432,023.02 | 55.78 | 55.78 | Selfraisedandadditionalissuance |
| EngineTechnicalRenovationProject | 44,276.00 | 204,550,269.22 | 80,167,707.44 | 179,837,152.13 | 104,880,824.53 | 69.81 | 69.81 | Selfraised |
| Environmentalrelocationproject | 182,476.00 | 59,586,596.48 | 39,251,976.96 | 81,690,790.32 | 17,147,783.12 | 78.08 | 78.08 | Selfraised |
| Otherprojects | 302,845,555.72 | 420,389,501.48 | 297,069,636.37 | 426,165,420.83 | Selfraisedandadditionalissuance | |||
| Total | 1,944,108,183.56 | 1,525,208,828.82 | 1,144,977,336.02 | 2,324,339,676.36 |
(3)Themovementofimpairmentforconstructioninprogressisasfollows:
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance | Reason |
| EngineTechnicalRenovationProject | 20,921,684.06 | 20,921,684.06 | |||
| Otherprojects | 8,841,139.67 | 8,841,139.67 | |||
| Total | 29,762,823.73 | 29,762,823.73 | -- |
15.Right-of-useassets
InRMBYuan
| Item | Buildings | Total |
| 1.Originalbookvalue | ||
| Openingbalance | 338,339,110.19 | 338,339,110.19 |
| Increasedamountinthisperiod | 68,030,394.59 | 68,030,394.59 |
| Decreasedamountinthisperiod | 36,048,483.65 | 36,048,483.65 |
| Closingbalance | 370,321,021.13 | 370,321,021.13 |
| 2.Accumulateddepreciation | ||
| Openingbalance | 128,858,434.15 | 128,858,434.15 |
| Increasedamountinthisperiod | 46,388,885.07 | 46,388,885.07 |
| Decreasedamountinthisperiod | 22,625,153.07 | 22,625,153.07 |
| Closingbalance | 152,622,166.15 | 152,622,166.15 |
| 3.Provisionforimpairment | ||
| Openingbalance | ||
| Increasedamountinthisperiod | ||
| Decreasedamountinthisperiod | ||
| Closingbalance | ||
| 4.Bookvalue | ||
| Closingbookvalue | 217,698,854.98 | 217,698,854.98 |
| Initialbookvalue | 209,480,676.04 | 209,480,676.04 |
16.Intangibleassets
InRMBYuan
| Item | Landuserights | Patent | Non-patenttechnology | Softwareuserights | Trademarkuserights | Total |
| 1.Originalbookvalue | ||||||
| Openingbalance | 2,337,635,635.46 | 85,581,514.70 | 18,444,521,672.27 | 882,238,600.76 | 2,624,669,183.78 | 24,374,646,606.97 |
| Purchase | 1,537,434.26 | 13,452,389.23 | 14,989,823.49 | |||
| Internalresearchanddevelopment | 486,094,425.23 | 486,094,425.23 | ||||
| Exchangeratefluctuationsincrease | 2,489.73 | 2,489.73 |
| Management | 103,488.02 | 103,488.02 | ||||
| Closingbalance | 2,337,635,635.46 | 85,581,514.70 | 18,932,153,531.76 | 895,587,501.97 | 2,624,671,673.51 | 24,875,629,857.40 |
| 2.Accumulatedamortization | ||||||
| Openingbalance | 513,880,306.26 | 15,685,994.98 | 7,107,014,737.05 | 762,030,686.88 | 432,976,863.44 | 8,831,588,588.61 |
| Provision | 21,736,268.40 | 4,282,675.74 | 1,062,805,960.74 | 20,805,182.88 | 119,544,243.72 | 1,229,174,331.48 |
| Decreaseinexchangeratefluctuations | 1,810.06 | 1,810.06 | ||||
| Management | 103,488.02 | 103,488.02 | ||||
| Closingbalance | 535,616,574.66 | 19,968,670.72 | 8,169,820,697.79 | 782,730,571.68 | 552,521,107.16 | 10,060,657,622.01 |
| 3.Provisionforimpairment | ||||||
| Openingbalance | 453,960,028.77 | 23,617,923.17 | 19,916,416.63 | 497,494,368.57 | ||
| Increasedamountinthisperiod | ||||||
| Decreasedamountinthisperiod | ||||||
| Closingbalance | 453,960,028.77 | 23,617,923.17 | 19,916,416.63 | 497,494,368.57 | ||
| 4.Bookvalue | ||||||
| Closingbookvalue | 1,802,019,060.80 | 65,612,843.98 | 10,308,372,805.20 | 89,239,007.12 | 2,052,234,149.72 | 14,317,477,866.82 |
| Initialbookvalue | 1,823,755,329.20 | 69,895,519.72 | 10,883,546,906.45 | 96,589,990.71 | 2,171,775,903.71 | 15,045,563,649.79 |
OnJune30,2024,theproportionofintangibleassetsformedthroughinternalresearchanddevelopmenttotheyear-endbookvalueofintangibleassetswas72.00%(December31,2023:72.34%)AsofJune30,2024,therewerenooutstandinglanduserightscertificates(asofDecember31,2023:none)
17.Goodwill
(1)Originalbookvalueofgoodwill
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| HebeiChanganAutomobileCo.,Ltd | 9,804,394.00 | 9,804,394.00 | ||
| NanjingChanganAutomobileCo.,Ltd | 73,465,335.00 | 73,465,335.00 | ||
| DeepalAutomobileTechnologyCo.,Ltd | 1,800,926,049.16 | 1,800,926,049.16 | ||
| Total | 1,884,195,778.16 | 1,884,195,778.16 |
(2)Provisionforgoodwill
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| NanjingChanganAutomobileCo.,Ltd. | 73,465,335.00 | 73,465,335.00 | ||
| Total | 73,465,335.00 | 73,465,335.00 |
18.Long-termdeferredexpenses
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| Extendedinsurancepremium | 21,709,036.17 | 1,579,704.48 | 20,129,331.69 | |
| other | 2,453,183.89 | 1,396,571.17 | 1,056,612.72 | |
| Total | 24,162,220.06 | 2,976,275.65 | 21,185,944.41 |
19.Deferredtaxassetsandliabilities
(1)Deferredincometaxassetsthatarenotoffset:
InRMBYuan
| Item | Endingbalance | Beginningbalance | ||
| Deductibletemporarydifferences | Deferredtaxassets | Deductibletemporarydifferences | Deferredtaxassets | |
| Assetsprovision | 3,275,891,936.80 | 498,479,912.80 | 3,326,010,289.07 | 505,667,423.10 |
| Accruedexpensesandcontingentliabilities | 9,883,630,392.44 | 1,498,837,537.38 | 9,745,432,595.40 | 1,478,634,793.00 |
| Unpaidtechdevelopmentexpenseandadvertisementexpense | 151,580,931.46 | 22,737,139.72 | 108,882,829.52 | 16,332,424.43 |
| Deferredincome | 3,017,975,989.26 | 495,126,557.40 | 3,143,730,047.41 | 516,280,314.00 |
| Unpaidsalaryandbonusandothers | 6,132,578,466.67 | 919,886,770.00 | 5,069,078,308.78 | 762,158,961.20 |
| Total | 22,461,657,716.63 | 3,435,067,917.30 | 21,393,134,070.18 | 3,279,073,915.73 |
(2)Deferredincometaxliabilitiesthatarenotoffset:
InRMBYuan
| Item | Endingbalance | Beginningbalance | ||
| Taxabletemporarydifferences | Deferredtaxliabilities | Taxabletemporarydifferences | Deferredtaxliabilities | |
| Changesinfairvalueoftradingfinancialassets | 256,285,702.59 | 38,442,855.38 | 271,136,632.22 | 40,670,494.83 |
| Fairvalueadjustmentofbusinesscombinationnotundercommoncontrol | 8,615,125,913.67 | 1,292,268,887.05 | 9,077,843,422.40 | 1,361,676,513.36 |
| Long-termequityinvestment | 1,045,313,517.71 | 156,797,027.65 | 1,053,139,619.28 | 157,970,942.89 |
| Other | 820,249,030.60 | 123,037,354.59 | 234,662,947.29 | 36,576,889.00 |
| Total | 10,736,974,164.57 | 1,610,546,124.67 | 10,636,782,621.19 | 1,596,894,840.08 |
(3)Deferredtaxassetsorliabilitiespresentedasnetamountafteroffsetting
InRMBYuan
| Item | Deferredtaxassetsandliabilitiesoffsetattheendoftheperiod | Closingbalanceofdeferredincometaxassetsorliabilitiesafteroffsetting | Deferredtaxassetsandliabilitiesoffsetamountatthebeginningoftheperiod | Openingbalanceofdeferredincometaxassetsorliabilitiesafteroffsetting |
| Deferredtaxassets | 24,987,590.16 | 3,410,080,327.14 | 30,819,858.08 | 3,248,254,057.65 |
| Deferredtaxliabilities | 24,987,590.16 | 1,585,558,534.51 | 30,819,858.08 | 1,566,074,982.00 |
(4)Detailsofunrecognizeddeferredtaxassets
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Thedeductibletemporarydifference | 840,705,561.08 | 1,764,330,466.02 |
| Thedeductibletaxloss | 9,649,464,641.06 | 10,207,352,860.58 |
| Total | 10,490,170,202.14 | 11,971,683,326.60 |
(5)Maturityperiodforunrecognizeddeductibletaxlosses:
InRMBYuan
| Year | Endingbalance | Beginningbalance | Notes |
| 2024 | 943,008,433.37 | 1,026,714,782.44 | |
| 2025 | 1,414,119,466.19 | 1,484,227,541.07 | |
| 2026 | 2,597,065,395.18 | 2,622,637,735.99 | |
| 2027 | 2,195,399,362.36 | 2,162,063,388.55 | |
| 2028andbeyond | 2,499,871,983.96 | 2,911,709,412.53 | |
| Total | 9,649,464,641.06 | 10,207,352,860.58 |
20.Othernon-currentassets
InRMBYuan
| Item | Endingbalance | Beginningbalance | ||||
| Bookbalance | Provisionforimpairment | Bookvalue | Bookbalance | Provisionforimpairment | Bookvalue | |
| Prepaidprojectfunds | 454,756,000.00 | 454,756,000.00 | 450,000,000.00 | 450,000,000.00 | ||
| Fixeddepositsandothers | 1,400,216,231.98 | 1,400,216,231.98 | ||||
| Total | 1,854,972,231.98 | 1,854,972,231.98 | 450,000,000.00 | 450,000,000.00 | ||
21Assetswithrestrictedownershiporuserights
InRMBYuan
| Item | Endingbalance | |||
| Bookbalance | Bookvalue | limitedtype | Restrictedsituation | |
| Monetaryfunds | 1,389,380,301.41 | 1,389,380,301.41 | Marginandother | Marginandother |
| Accountsreceivable | 5,897,473,036.76 | 5,897,473,036.76 | BillPledge | BillPledge |
| Total | 7,286,853,338.17 | 7,286,853,338.17 | ||
| Item | Beginningbalance | |||
| Bookbalance | Bookvalue | limitedtype | Restrictedsituation | |
| Monetaryfunds | 945,084,846.77 | 945,084,846.77 | Marginandother | Marginandother |
| Accountsreceivable | 7,309,419,058.87 | 7,309,419,058.87 | BillPledge | BillPledge |
| Total | 8,254,503,905.64 | 8,254,503,905.64 | ||
22.Short-termloans
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Guaranteedloan | 54,056,333.40 | 30,039,416.74 |
| Total | 54,056,333.40 | 30,039,416.74 |
Note:AsofJune30,2024,theannualinterestratefortheaforementionedloanis3.30%-4.50%(December31,2023:3.90%-4.50%).OnJune30,2024,therewerenooverdueshort-termloans(December31,2023:none).
23.Tradingfinancialliabilities
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Tradingfinancialliabilities | 12,941,513.71 | |
| Total | 12,941,513.71 |
24.Notespayable
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Commercialacceptancebill | 2,500,012,398.15 | 2,943,672,886.95 |
| Bankacceptancebill | 38,311,530,205.59 | 34,512,997,041.12 |
| Total | 40,811,542,603.74 | 37,456,669,928.07 |
25.Accountspayable
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Accountspayable | 34,274,539,923.58 | 38,289,947,321.45 |
| Total | 34,274,539,923.58 | 38,289,947,321.45 |
AsofJune30,2024,therearenosignificantaccountspayablewithanagingofoveroneyear.
26.Otherpayables
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Otherpayables | 5,307,800,744.02 | 5,880,882,512.97 |
| Total | 5,307,800,744.02 | 5,880,882,512.97 |
(1)Otherpayables
）Listedbynatureofpayment
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Purchaseandconstructionoffixedassets,intangibleassets,andprojectguaranteedeposits | 1,329,509,916.07 | 1,550,681,604.04 |
| Customerandsupplierguaranteedeposits | 816,298,813.46 | 874,043,416.71 |
| Advertisingexpenses | 688,245,554.39 | 648,229,494.43 |
| Storageandshippingfees | 491,482,593.10 | 488,072,948.00 |
| Repairandprocessingfees | 302,513,491.29 | 295,480,247.86 |
| Treasurystockrepurchaseobligation | 228,624,172.79 | 382,277,095.96 |
| Nationalsubsidypreallocation | 183,954,150.00 | 138,398,550.00 |
| Advancepaymentforlandandfactorydisposal | 150,000,000.00 | 150,000,000.00 |
| Others | 1,117,172,052.92 | 1,353,699,155.97 |
| Total | 5,307,800,744.02 | 5,880,882,512.97 |
27.Advancereceipts
(1)Listofadvancereceipts
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Unearnedrent | 686,755.00 | |
| Total | 686,755.00 |
28.Contractliabilities
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Advancepayment | 4,827,700,376.12 | 6,780,177,101.71 |
| Advanceservicepayment | 1,168,892,322.30 | 1,143,615,751.06 |
| Total | 5,996,592,698.42 | 7,923,792,852.77 |
29.Payrollpayable
(1)Payrollpayable
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| Shorttermsalarybenefits | 2,645,581,324.21 | 5,731,387,936.46 | 4,925,702,505.45 | 3,451,266,755.22 |
| Definedcontributionplans | 87,255,844.66 | 521,203,732.21 | 508,061,843.24 | 100,397,733.63 |
| Earlyretirementbenefits | 17,824,168.39 | 35,467,165.49 | 34,250,136.77 | 19,041,197.11 |
| Total | 2,750,661,337.26 | 6,288,058,834.16 | 5,468,014,485.46 | 3,570,705,685.96 |
(2)Shorttermsalarybenefits：
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| 1.Salary,bonus,allowanceandsubsidy | 2,170,965,985.99 | 4,701,463,267.89 | 3,881,089,785.77 | 2,991,339,468.11 |
| 2.Employeebenefit | 20,125,393.92 | 132,886,506.91 | 150,210,174.88 | 2,801,725.95 |
| 3.Socialinsurance | 32,862,900.03 | 388,916,286.58 | 374,207,840.72 | 47,571,345.89 |
| Medicalinsurance | 20,183,997.44 | 357,138,155.14 | 341,031,841.88 | 36,290,310.70 |
| Industrialinjuryinsurance | 10,754,834.26 | 31,778,131.44 | 31,268,084.82 | 11,264,880.88 |
| Maternityinsurance | 1,924,068.33 | 1,907,914.02 | 16,154.31 | |
| Supplementarymedicalinsurance | 22,920,911.36 | 302,942,993.87 | 306,402,301.58 | 19,461,603.65 |
| 4.Housingaccumulationfund | 398,706,132.91 | 205,178,881.21 | 213,792,402.50 | 390,092,611.62 |
| 5.Laborfundandemployeeeducationfund | 2,645,581,324.21 | 5,731,387,936.46 | 4,925,702,505.45 | 3,451,266,755.22 |
| Total | 2,170,965,985.99 | 4,701,463,267.89 | 3,881,089,785.77 | 2,991,339,468.11 |
(3)Definedcontributionplans：
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| 1.Basicretirementsecurity | 77,888,132.00 | 505,111,458.01 | 492,453,461.57 | 90,546,128.44 |
| 2.Unemploymentinsurance | 9,367,712.66 | 16,092,274.20 | 15,608,381.67 | 9,851,605.19 |
| Total | 87,255,844.66 | 521,203,732.21 | 508,061,843.24 | 100,397,733.63 |
30.Taxespayable
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Value-addedtax | 390,107,324.07 | 366,815,941.84 |
| Consumptiontax | 314,588,062.10 | 307,949,880.80 |
| Corporateincometax | 77,516,433.13 | 1,136,075,075.53 |
| Citymaintenanceandconstructiontax | 37,916,535.31 | 51,726,243.42 |
| Others | 45,662,833.64 | 66,156,765.79 |
| Total | 865,791,188.25 | 1,928,723,907.38 |
31.Non-currentliabilitywithin1year
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Leaseliabilitiesduewithinoneyear | 83,760,356.87 | 74,887,042.88 |
| Longtermloansduewithinoneyear | 40,000,000.00 | 4,000,000.00 |
| Definedbenefitplansthatexpirewithinoneyear | 1,190,000.00 | |
| Total | 123,760,356.87 | 80,077,042.88 |
32.Othercurrentliabilities
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Accruedcommercialdiscountpayable | 5,714,368,347.23 | 5,277,859,952.56 |
| Accruedtransportationfee | 830,318,163.53 | 428,540,512.92 |
| Accruedmarketdevelopmentexpense | 701,497,074.01 | 1,229,871,896.85 |
| Accruedtechnologyroyalty | 503,093,753.27 | 712,779,170.48 |
| Accruedlaborservicefee | 88,008,794.01 | 52,021,714.94 |
| Accruednegativepointsforfuelconsumption | 47,548,100.11 | 76,611,049.98 |
| Others | 1,273,710,568.38 | 1,120,252,102.19 |
| Total | 9,158,544,800.54 | 8,897,936,399.92 |
33.Long-termLoan
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Creditloan | 36,000,000.00 | 72,000,000.00 |
| Total | 36,000,000.00 | 72,000,000.00 |
Note:AsofJune30,2024,theinterestratefortheaforementionedloanis1.00%(December31,2023:1.00%).
34.Bondspayable
(1)Bondspayable
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Corporatebonds | 999,656,603.76 | 999,607,547.16 |
| Total | 999,656,603.76 | 999,607,547.16 |
(2)Changesinpayablebonds
InRMBYuan
BondName
| Parvalue | Couponrate(%) | Releasedate | Term | Issuanceamount | Openingbalance | Interestaccruedatfacevalue | Excessdiscountamortization | Beginningbalance | Defaultsituation |
TechnologyInnovationBond
| 1,000,000,000.00 | 3.00 | 2022.12 | 5years | 1,000,000,000.00 | 999,607,547.16 | 15,166,666.66 | 49,056.60 | 999,656,603.76 | No |
Total
| 1,000,000,000.00 | 999,607,547.16 | 15,166,666.66 | 49,056.60 | 999,656,603.76 |
35.Leaseliabilities
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Leaseliabilities | 208,473,707.47 | 209,141,440.95 |
| Less：Reclassifynoncurrentliabilitiesduewithinoneyear | 83,760,356.87 | 74,887,042.88 |
| Total | 124,713,350.60 | 134,254,398.07 |
36.Long-termpayables
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Long-termpayables | 816,282,263.75 | 804,264,787.97 |
| Specialpayables | 141,609,973.68 | 148,181,330.60 |
| Total | 957,892,237.43 | 952,446,118.57 |
(1)Long-termpayables
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Accountspayableforconstructionprojects | 816,282,263.75 | 804,264,787.97 |
| Total | 816,282,263.75 | 804,264,787.97 |
(2)Specialpayables
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| Intelligentmanufacturingproject | 79,118,517.26 | 5,958,812.00 | 10,220,100.85 | 74,857,228.41 |
| Lightweightdesignofautomobilestructure | 6,769,952.63 | 2,513,619.83 | 4,256,332.80 | |
| Others | 62,292,860.71 | 24,037,064.59 | 23,833,512.83 | 62,496,412.47 |
| Total | 148,181,330.60 | 29,995,876.59 | 36,567,233.51 | 141,609,973.68 |
37.Long-termpayrollpayable
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| 1.Postemploymentbenefits-netliabilitiesfordefinedbenefitplans | 23,661,616.49 | 26,880,000.00 |
| 2.Dismissalbenefits | 3,534,000.00 | 3,534,000.00 |
| Total | 27,195,616.49 | 30,414,000.00 |
38.Contingentliabilities
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Warranty | 6,707,961,419.04 | 5,976,561,810.09 |
| Contingentliabilitiesofcontractperformance | 296,312,561.75 | 300,479,606.70 |
| Total | 7,004,273,980.79 | 6,277,041,416.79 |
39.Deferredincome
InRMBYuan
| Liability | Beginningbalance | Addition | Deduction | Endingbalance |
| Relatedtoassets: | 610,407,171.08 | 104,408,720.03 | 505,998,451.05 | |
| Productionandconstructionsubsidies | 610,407,171.08 | 104,408,720.03 | 505,998,451.05 | |
| Relatedtogains: | 108,433,372.44 | 115,308,720.03 | 53,188,720.03 | 170,553,372.44 |
| R&Dtechnologysubsidies | 77,651,164.12 | 77,651,164.12 | ||
| Othergovernmentsubsidies | 30,782,208.32 | 115,308,720.03 | 53,188,720.03 | 92,902,208.32 |
| Total | 718,840,543.52 | 115,308,720.03 | 157,597,440.06 | 676,551,823.49 |
40.Othernon-currentliabilities
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Advanceservicepayment | 1,719,954,719.90 | 1,497,773,818.69 |
| Netothernon-currentliabilities | 1,719,954,719.90 | 1,497,773,818.69 |
41.Sharecapital
InRMBYuan
| Beginningbalance | Changes（+，-） | Endingbalance | |||||
| Additionalissued | Stockdividend | Providentfundtransfer | Others | Subtotal | |||
| Totalshares | 9,919,323,000.00 | 9,919,323,000.00 | |||||
42.Capitalreserves
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| Sharepremium | 6,804,368,521.99 | 6,804,368,521.99 | ||
| Capitalreservetransferredarisingfromtheoldstandards | 44,496,899.00 | 44,496,899.00 | ||
| reserveofequityinvestments | 17,015,985.20 | 17,015,985.20 | ||
| Share-basedpayments | 678,067,785.52 | 181,288,200.00 | 859,355,985.52 | |
| Othercapitalreserves(Note) | 707,338,445.99 | 10,747,882.00 | 718,086,327.99 | |
| Total | 8,251,287,637.70 | 192,036,082.00 | 8,443,323,719.70 |
43.Treasurystock
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| Treasurystock | 382,277,095.96 | 153,652,923.17 | 228,624,172.79 | |
| Total | 382,277,095.96 | 153,652,923.17 | 228,624,172.79 |
Note:Theannualchangeinstockcapitalisduetotheunlockingofincentiveequityandthedistributionofdividendstoincentiverecipientsbyourcompany.
44.Othercomprehensiveincome
InRMBYuan
| Item | Beginningbalance | Amountforthisreportingperiod | Endingbalance | |||||
| Amountbeforetax | Deduct:amountstransferredtoincomestatementwhichwererecognizedinothercomprehensiveincomeinpriorperiod | Deduct:othercomprehensiveincomeinthepreviousperiodandtransferredtoretainedearningsinthecurrentperiod | Deduct:Incometax | Amountattributabletoowners | Amountattributabletominorityinterests | |||
| I.Othercomprehensiveincomethatcannotbetransferredtoprofitorlossundertheequitymethod | 168,360,416.57 | 2.89 | 2.89 | 168,360,419.46 | ||||
| Changeinnetliabilityorassetsfromdefinedbenefitplan | 355,000.00 | 355,000.00 | ||||||
| Othercomprehensiveincomethatcannotbetransferredtoprofitorlossundertheequitymethod | (4,219,273.73) | 2.89 | 2.89 | (4,219,270.84) | ||||
| Changesinthefairvalueofotherequityinstrumentinvestments | 172,224,690.30 | 172,224,690.30 | ||||||
| II.Othercomprehensiveincomewillbereclassifiedtoprofitorlossinsubsequentperiod | (50,041,632.53) | 82,398,381.44 | 82,398,381.44 | 32,356,748.91 | ||||
| Othercomprehensiveincomethatcanbetransferredtoprofitorlossundertheequitymethod | (75,815.98) | (184,358.40) | (184,358.40) | (260,174.38) | ||||
| Foreigncurrencytranslationdifference | (49,965,816.55) | 82,582,739.84 | 82,582,739.84 | 32,616,923.29 | ||||
| Total | 118,318,784.04 | 82,398,384.33 | 82,398,384.33 | 200,717,168.37 | ||||
45.Specialreserves
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| Safetyfund | 54,323,330.34 | 63,437,107.75 | 23,629,939.10 | 94,130,498.99 |
| Total | 54,323,330.34 | 63,437,107.75 | 23,629,939.10 | 94,130,498.99 |
46.Surplusreserves
InRMBYuan
| Item | Beginningbalance | Addition | Deduction | Endingbalance |
| Statutorysurplus | 4,276,245,864.64 | 4,276,245,864.64 | ||
| Total | 4,276,245,864.64 | 4,276,245,864.64 |
47.Retainedearnings
InRMBYuan
| Item | Currentperiod | Priorperiod |
| Retainedearningsatbeginningoftheyear | 49,617,932,431.73 | 41,379,489,865.45 |
| Add:Profitsattributabletoparentcompanyforthecurrentyear | 2,831,743,111.82 | 7,652,979,346.80 |
| Less:Ordinarysharedividendofcash | 3,412,477,663.18 | 2,341,414,868.12 |
| Retainedearningsattheendofyear | 49,037,197,880.37 | 46,691,054,344.13 |
48.Operatingrevenueandcost
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Mainbusiness | 75,031,549,290.98 | 65,087,923,270.42 | 64,198,056,038.61 | 54,041,063,818.77 |
| Otherbusiness | 1,691,100,432.81 | 1,046,383,884.70 | 1,294,042,830.40 | 748,972,479.99 |
| Total | 76,722,649,723.79 | 66,134,307,155.12 | 65,492,098,869.01 | 54,790,036,298.76 |
49.Taxandsurcharges
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Consumptiontax | 1,592,006,613.71 | 1,666,317,085.12 |
| Citymaintenanceandconstructiontax | 171,545,523.51 | 208,432,679.24 |
| Educationalsurcharge | 118,956,790.32 | 140,534,177.17 |
| Others | 170,720,143.87 | 170,890,307.46 |
| Total | 2,053,229,071.41 | 2,186,174,248.99 |
50.Generalandadministrativeexpenses
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Payrollandwelfare | 1,892,090,590.24 | 1,787,629,699.79 |
| Depreciationandamortization | 281,069,352.60 | 231,626,256.31 |
| Trafficexpensesandtravellingexpenses | 30,730,486.17 | 34,511,835.46 |
| Share-basedPayment | 181,288,200.00 | 187,899,000.00 |
| Others | 41,685,231.78 | 30,293,616.99 |
| Total | 2,426,863,860.79 | 2,271,960,408.55 |
51.Operatingexpenses
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Promotion,advertisingfee | 1,074,267,528.42 | 1,084,798,251.79 |
| Salesservicefee | 1,010,007,195.86 | 460,817,474.16 |
| Payrollandwelfare | 489,933,234.61 | 430,787,399.64 |
| Transportationandstoragefees | 343,523,615.84 | 220,838,227.15 |
| Travellingexpenses | 74,258,106.92 | 47,325,735.92 |
| Packageexpenses | 28,828,727.45 | 11,749,644.92 |
| Others | 57,170,005.17 | 24,080,857.61 |
| Total | 3,077,988,414.27 | 2,280,397,591.19 |
52.Researchanddevelopmentexpenses
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Payrollandwelfare | 1,392,005,346.65 | 1,349,892,332.55 |
| Depreciationandamortization | 1,214,228,193.17 | 1,015,646,669.62 |
| Subcontractfee | 129,875,960.49 | 287,631,512.09 |
| Materialfee | 100,893,665.34 | 173,948,774.18 |
| Testfee | 36,371,652.96 | 64,510,633.02 |
| Others | 38,717,494.79 | 72,974,183.02 |
| Total | 2,912,092,313.40 | 2,964,604,104.48 |
53.Financialexpenses
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Interestexpenses | 39,521,477.44 | 36,814,471.44 |
| Less:Interestincome | 520,495,393.22 | 532,594,819.89 |
| Netexchangeloss(netincomeindicatedbya"-"sign) | (93,277,656.33) | 24,815,219.82 |
| Others | 24,866,208.10 | 17,697,023.74 |
| Total | (549,385,364.01) | (453,268,104.89) |
54.Otherincome
Governmentsubsidiesrelatedtodailyactivities
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Governmentsubsidiesrelatedtodailyactivities | ||
| Amongthem:Industrysupportsubsidies | 1,185,343,468.12 | 657,988,649.18 |
| Othergovernmentsubsidies | 257,167,183.20 | |
| Total | 1,442,510,651.32 | 657,988,649.18 |
55.Fairvaluechange
InRMBYuan
| Sourceofincomefromchangesinfairvalue | Amountforthisperiod | Amountforpriorperiod |
| Financialassetsheldfortrading | (13,487,271.96) | 14,575,284.30 |
| Financialliabilitiesheldfortrading | (21,536,907.46) | (37,909,945.45) |
| Total | (35,024,179.42) | (23,334,661.15) |
56.Investmentincome
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Long-termequityinvestmentlossesaccountedforbytheequitymethod | 252,582,688.73 | (180,436,966.53) |
| Investmentincomefromdisposaloflong-termequityinvestments | 1.00 | |
| Theinvestmentincomeoffinancialassetheldfortradingduringitsholdingperiod | 1,979,999.95 | 1,406,842.07 |
| Dividendincomefromremaininginvestmentsinotherequityinstruments | 19,039,320.00 | 180,656,814.04 |
| Investmentincomeobtainedfromdisposingoftradingfinancialassets | 7,187,236.08 | |
| Investmentincomegeneratedfrommergersofenterprisesnotunderthesamecontrol | 5,021,482,128.74 | |
| Others | 69,922,180.57 | |
| Total | 350,711,425.33 | 5,023,108,819.32 |
57.Impairmentlossofcredit
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Baddebtforaccountreceivable | (579,542.24) | 15,463,066.50 |
| Baddebtforotherreceivables | (179,587.16) | 50,421.60 |
| Total | (759,129.40) | 15,513,488.10 |
58.Impairmentlossonassets
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Inventoryimpairmentlossesandcontractperformancecostimpairmentlosses | 137,377,672.60 | 110,345,479.11 |
| Impairmentoffixedassets | 184,845,379.29 | |
| Impairmentofintangibleassets | 41,460,645.81 | |
| Impairmentofcontractassets | 8,891,863.00 | 60,622,656.78 |
| Total | 146,269,535.60 | 397,274,160.99 |
59.Gainondisposalofassets
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Gainondisposaloffixed-assets | 4,819,641.19 | 366,667,730.28 |
| Gainondisposalofotherassets | 139,811.50 | |
| Total | 4,959,452.69 | 366,667,730.28 |
60.Non-operatingincome
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod | Amountrecognizedincurrentperiodasnon-recurringprofitandloss |
| Penaltyincomeandothers | 46,291,779.69 | 93,295,575.81 | 46,291,779.69 |
| Total | 46,291,779.69 | 93,295,575.81 | 46,291,779.69 |
61.Non-operatingexpenses
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod | Amountrecognizedincurrentperiodasnon-recurringprofitandloss |
| Externaldonation | 10,600,000.00 | 10,600,000.00 | 10,600,000.00 |
| Finesandlatefees | 5,489,501.82 | 52,548.37 | 5,489,501.82 |
| Others | 3,012,325.93 | 2,846,412.65 | 3,145,904.28 |
| Total | 19,101,827.75 | 13,498,961.02 | 19,235,406.10 |
62.Incometaxexpense
(1)Tableofincometaxexpense
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Currentincometaxexpense | 207,971,617.76 | 429,737,792.88 |
| Deferredincometaxexpense | (142,342,716.98) | (253,116,967.69) |
| Total | 65,628,900.78 | 176,620,825.19 |
(2)Therelationshipbetweenprofitbeforetaxandincometaxexpense
InRMBYuan
| Item | Amountforthisperiod |
| Totalprofit | 2,312,391,168.47 |
| Taxattheapplicabletaxrate | 346,858,675.27 |
| Impactofdifferenttaxratesofsubsidiaries | 53,083,760.33 |
| Adjustmentstocurrentincometaxofpreviousperiod | 15,871,174.52 |
| Non-taxableincome | (97,502,081.20) |
| Usagepreviousdeductiblelosses | (3,849,024.07) |
| Theimpactofdeductibletemporarydifferencesordeductiblelossesonunrecognizeddeferredtaxassetsinthisperiod | (26,697,076.08) |
| Utilizepreviousdeductiblelosses | (30,776,334.43) |
| Additionaldeduction | (191,360,193.56) |
| Incometaxexpense | 65,628,900.78 |
63.Othercomprehensiveincome
PleaserefertonotesVII,44.
64.Notestocashflowstatement
(1)CashrelatedtooperatingactivitiesItemsofcashreceivedrelatingtootheroperatingactivities
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Interestincome | 520,495,393.22 | 527,001,902.34 |
| Governmentgrants | 1,288,500,364.75 | 863,412,085.63 |
| Others | 388,897,857.40 | 362,804,407.92 |
| Total | 2,197,893,615.37 | 1,753,218,395.89 |
Itemsofcashpaidrelatingtootheroperatingactivities
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Sellingexpense | 1,636,259,495.32 | 1,490,941,650.90 |
| Administrativeexpense | 710,380,390.84 | 617,746,243.11 |
| Researchanddevelopmentexpenses | 1,260,318,906.77 | 1,384,809,950.23 |
| Others | 1,053,447,560.15 | 926,324,359.78 |
| Total | 4,660,406,353.08 | 4,419,822,204.02 |
(2)CashrelatedtoinvestmentactivitiesItemsofcashreceivedrelatingtootherinvestingactivities
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| MergeDeepalMotorsunderdifferentcontrol | 6,216,944,276.29 | |
| Fixeddepositsandinterest | 8,070,357,180.56 | |
| Total | 8,070,357,180.56 | 6,216,944,276.29 |
Itemsofcashpaidrelatingtootherinvestingactivities
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Deposit | 1,400,000,000.00 | |
| Total | 1,400,000,000.00 |
(3)CashrelatedtofundraisingactivitiesItemsofcashreceivedrelatingtootherfinancingactivities
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Withdrawfordepositofbill | 204,348,367.20 | 362,339,945.61 |
| Others | 29,998,629.99 | |
| Total | 234,346,997.19 | 362,339,945.61 |
Itemsofcashpaidrelatingtootherfinancingactivities
InRMBYuan
| Item | Amountforthisperiod | Amountforpriorperiod |
| Paymentfordepositofbill | 127,516,036.02 | 377,810,786.49 |
| Others | 53,497,616.56 | 40,713,903.53 |
| Total | 181,013,652.58 | 418,524,690.02 |
65.Supplementaryinformationofcashflowstatement
(1)Supplementaryinformationofcashflowstatement
InRMBYuan
| Supplementaryinformation | Amountforthisperiod | Amountforpriorperiod |
| 1.Cashflowsfromoperatingactivitiescalculatedbyadjustingthenetprofit | ||
| Netprofit | 2,246,762,267.69 | 6,967,013,000.07 |
| Add:Creditimpairmentloss | (759,129.40) | 15,513,488.10 |
| Impairmentprovisionforassets | 146,269,535.60 | 397,274,160.99 |
| Depreciationoffixedassets | 1,466,019,479.35 | 1,492,472,007.62 |
| Right-of-useassetsdepreciation | 46,388,885.07 | 32,246,838.71 |
| Depreciationandamortizationofinvestmentrealestate | 113,355.78 | 113,355.78 |
| Amortizationofintangibleassets | 1,229,174,331.48 | 638,535,490.78 |
| Amortizationoflong-termdeferredexpense | 2,976,275.65 | 1,468,484.08 |
| Disposalincomeonfixedassets,intangibleassetsandothers | (4,959,452.69) | (366,667,730.28) |
| Incomeoffairvaluemovement | 35,024,179.42 | 23,334,661.15 |
| Financialexpense | 39,521,477.44 | 36,814,471.44 |
| Investmentincome | (350,711,425.33) | (5,023,108,819.32) |
| Increaseindeferredtaxassets | (161,826,269.49) | (182,617,869.82) |
| Decreaseindeferredtaxliabilities | 19,483,552.51 | 1,404,707,710.78 |
| Decreaseininventory | (238,346,525.70) | (4,429,633,070.54) |
| Decreaseinoperatingpayables | 3,849,999,916.55 | 1,025,339,747.77 |
| Increaseinoperatingpayables | (4,890,306,327.68) | 4,918,863,583.73 |
| Others | 276,614.28 | 3,787,202.55 |
| Netcashflowsfromoperatingactivities | 3,435,100,740.53 | 6,955,456,713.59 |
| 2．Movementofcashandcashequivalents: | ||
| Endingbalanceofcash | 69,549,755,769.83 | 64,153,666,049.54 |
| Less:beginningbalanceofcash | 63,925,957,901.11 | 52,491,435,047.74 |
| Increaseincashandcashequivalents | 5,623,797,868.72 | 11,662,231,001.80 |
(2)Cashandcashequivalents
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| I.Cash | 69,549,755,769.83 | 63,925,957,901.11 |
| Including:Cash | 4,998.00 | 35,257.05 |
| Bankdepositsthatcanbereadilyused | 69,524,354,728.43 | 63,902,699,987.48 |
| Othermonetaryfundsthatcanbeusedforpaymentatanytime | 25,396,043.40 | 23,222,656.58 |
| II.Endingbalanceofcashandcashequivalents | 69,549,755,769.83 | 63,925,957,901.11 |
66.ForeignMonetaryItem
InRMBYuan
| Item | OriginalCurrency | ExchangeRate | TranslatedtoRMB |
| Cash | |||
| Including:USD | 36,127,533.31 | 7.1268 | 257,473,704.39 |
| EUR | 1,398,640.50 | 7.6500 | 10,699,599.83 |
| GBP | 3,320,521.04 | 9.0706 | 30,119,118.15 |
| JPY | 184,517,456.00 | 0.0450 | 8,303,285.52 |
| RUB | 15,595,802,372.85 | 0.0838 | 1,306,928,238.84 |
| MXN | 59,832,149.70 | 2.3600 | 141,203,873.29 |
| THB | 2,029,117,935.15 | 0.1952 | 396,083,820.94 |
| Accountsreceivable | |||
| Including:USD | 62,659,531.87 | 7.1268 | 446,561,951.73 |
| Otherreceivables |
| Including:JPY | 17,408,320.00 | 0.0450 | 783,374.40 |
| THB | 18,129,869.90 | 0.1952 | 3,538,950.60 |
| AccountsPayable | |||
| Including:USD | 78,577.88 | 7.1268 | 560,008.84 |
| EUR | 3,320,521.04 | 9.0706 | 30,119,118.15 |
| JPY | 184,517,456.00 | 0.0450 | 8,303,285.52 |
| RUB | 4,477,199,215.15 | 0.0838 | 375,189,294.23 |
67.Lease
(1)Asthelessee
InRMBYuan
| Item | Currentamount |
| Interestexpensesonleaseliabilities | 8,326,218.00 |
| Simplifiedtreatmentofshort-termleaseexpensesincludedinrelevantassetcostsorcurrentprofitandloss | 15,949,559.83 |
| Simplifiedtreatmentoflowvalueassetleasingexpensesincludedinrelevantassetcostsorcurrentprofitandloss(excludingshort-termleasingexpensesforlowvalueassets) | 292,613.20 |
| Totalcashoutflowrelatedtoleasing | 56,008,720.71 |
(2)AsthelessorOperatingleaseasalessor
√Applicable□Notapplicable
InRMBYuan
| Item | Currentamount |
| RentalIncome | 175,898,356.02 |
| Total | 175,898,356.02 |
Theundiscountedleasereceiptsreceivedafterthebalancesheetdateareasfollows:
InRMBYuan
| Item | Endingbalance | Beginningbalance |
| Within1year | 271,710,550.60 | 388,255,072.48 |
| 1to2years | 262,506,229.88 | 260,689,384.89 |
| 2to3years | 131,816,053.61 | 130,967,274.89 |
| 3to4years | 35,129,298.25 | 34,577,303.73 |
| 4to5years | 32,867,502.54 | 26,810,816.32 |
| Morethan5years | 237,874.86 | 1,506,050.47 |
| Total | 734,267,509.74 | 842,805,902.78 |
VIII.R&Dexpenditure
1.R&Dexpenditure
InRMBYuan
| Item | Currentamountincurred | Amountincurredinthepreviousperiod |
| Payrollandwelfare | 1,847,480,590.73 | 1,831,037,974.12 |
| Depreciationandamortization | 1,215,792,215.05 | 1,015,663,481.63 |
| Subcontractfee | 869,620,089.13 | 563,448,725.54 |
| Materialfee | 280,411,158.30 | 280,999,970.17 |
| Testfee | 126,874,613.69 | 186,684,209.51 |
| Others | 269,541,531.16 | 149,978,855.77 |
| Total | 4,609,720,198.06 | 4,027,813,216.74 |
| Amongthem:ExpensedR&Dexpenses | 2,912,092,313.40 | 2,964,604,104.48 |
| CapitalizedR&Dexpenses | 1,697,627,884.66 | 1,063,209,112.26 |
2.Developmentexpenditure
InRMBYuan
| Item | Beginningbalance | Increased | Decreased | Endingbalance | |
| Internaldevelopmentexpenses | Confirmedasintangibleassets | Others | |||
| Automotivedevelopment | 2,241,820,556.70 | 1,697,627,884.66 | 486,094,425.23 | 157,514,353.09 | 3,295,839,663.04 |
| Total | 2,241,820,556.70 | 1,697,627,884.66 | 486,094,425.23 | 157,514,353.09 | 3,295,839,663.04 |
IX.Thechangeofconsolidationscope
None.
X.Stakeinotherentities
1.Rightsinsubsidiaries
(1)CompositionofEnterpriseGroups
| Companyname | Registeredcapital(tenthousand) | Mainoperatingplace | Registeredplace | Natureofbusiness | Totalproportionofshareholders(%) | Acquisitionmethod |
Direct
| Direct | Indirect | ||||||
| ChongqingChanganInternationalAutomobileSalesCo.,Ltd. | 118,275.64 | Chongqing | Chongqing | Sale | 100.00 | Establish | |
| ChongqingChanganVehicleNetworkingTechnologyCo.,Ltd. | 8,850.00 | Chongqing | Chongqing | Lease | 100.00 | Establish | |
| ChongqingChanganSpecialAutomobileSalesCo.,Ltd(Note1) | 2,000.00 | Chongqing | Chongqing | Sale | 50.00 | Establish | |
| ChongqingChanganAutomobileSupportingServiceCo.,Ltd. | 3,000.00 | Chongqing | Chongqing | Sale | 99.00 | 1.00 | Establish |
| ChongqingZhilaidadaoNewEnergyVehicleCo.,Ltd | 2,900.00 | Chongqing | Chongqing | Researchanddevelopment | 100.00 | Establish | |
| ChongqingChanganEuropeDesignCenterCo.,Ltd. | EUR1,738 | Turin,Italy | Turin,Italy | Researchanddevelopment | 100.00 | Establish | |
| ChanganUnitedKingdomR&DCenterCo.,Ltd. | GBP2,639 | Nottingham,UK | Nottingham,UK | Researchanddevelopment | 100.00 | Establish | |
| BeijingChanganR&DCenterCo.,Ltd. | 100.00 | Beijing | Beijing | Researchanddevelopment | 100.00 | Establish | |
| ChanganJapanDesigningCenterCo.,Ltd | JYP1,000 | Yokohama,Japan | Yokohama,Japan | Researchanddevelopment | 100.00 | Establish | |
| ChanganUnitedStatesR&DCenterCo.,Ltd. | USD154 | Novi,USA | Novi,USA | Researchanddevelopment | 100.00 | Establish | |
| ChanganAutomobileRussiaCo.,Ltd. | RUB220,382 | Moscow,Russia | Moscow,Russia | Sale | 100.00 | Establish | |
| ChanganAutomobileInvestment(Shenzhen)Co.,Ltd. | 23,789.00 | Shenzhen | Shenzhen | Sale | 100.00 | Establish | |
| NanjingChanganNewEnergyAutomobileSales&ServiceCo.,Ltd. | 5,000.00 | Nanjing | Nanjing | Sale | 100.00 | Establish | |
| ChongqingAnyiAutomotiveTechnologyServiceCo.,Ltd. | 200.00 | Chongqing | Chongqing | Sale | 100.00 | Establish | |
| XiamenChanganNewEnergyAutomobileSales&ServiceCo.,Ltd. | 200.00 | Xiamen | Xiamen | Sale | 100.00 | Establish | |
| GuangzhouChanganNewEnergyAutomobileSales&ServiceCo.,Ltd. | 400.00 | Guangzhou | Guangzhou | Sale | 100.00 | Establish | |
| ChongqingChehemeiTechnologyCo.,Ltd. | 1,000.00 | Chongqing | Chongqing | Sale | 100.00 | Establish | |
| ChongqingChanganKaichengAutomobileTechnologyCo.,Ltd. | 100,000.00 | Chongqing | Chongqing | Sale | 83.64 | Establish | |
| ChongqingChanganAutomobileSoftwareTechnologyCo.,Ltd. | 9,900.00 | Chongqing | Chongqing | Researchanddevelopment | 100.00 | Establish | |
| ChongqingChehemeiTechnologyCo.,Ltd. | 4,900.00 | Chongqing | Chongqing | Sale | 100.00 | Establish | |
| ChongqingChanganTechnologyCo.,Ltd | 9,000.00 | Chongqing | Chongqing | Researchanddevelopment | 100.00 | Establish | |
| ChongqingChanganXingAutomobileCo.,Ltd | 2,000.00 | Chongqing | Chongqing | Lease | 100.00 | Establish | |
| NanjingChanganAutomobileCo.,Ltd.(Note2) | 60,181.00 | Nanjing | Nanjing | Manufacturing | 84.73 | Mergerofenterprisesnotunderthesamecontrol | |
| ChongqingLingyaoAutomobileCo.,Ltd. | 133,764.00 | Chongqing | Chongqing | Manufacturing | 100.00 | Mergerofenterprisesnotunderthesamecontrol | |
| DeepalAutomobileTechnologyCo.,Ltd | 32,810.83 | Chongqing | Chongqing | Manufacturing | 51.00 | Mergerofenterprisesnotunderthesamecontrol | |
| HefeiChanganAutomobileCo.,Ltd. | 227,500.00 | Hefei | Hefei | Manufacturing | 100.00 | Mergerofenterprisesunderthesamecontrol |
Note1:TheremainingshareholdersofChongqingChanganSpecialPurposeVehicleCo.,Ltd.havesignedconcertedactionagreementswiththecompany,agreeingtovoteaccordingtothecompany'svotingintentions.Therefore,thecompanycanexercisecontroloverthemandincludetheminthescopeoftheconsolidatedfinancialstatements.Note2:Ourcompanyholds91.53%ofthevotingrightsinNanjingChanganAutomobileCo.,Ltd.Thereasonfortheinconsistencybetweenourshareholdingandvotingrightsisthatsomeminorityshareholdershaveentrustedourcompanytoexercisetheirvotingrights.
(2)Importantnonwhollyownedsubsidiaries
InRMBYuan
| Name | Minorityshareholdershareholdingratio | Profitandlossattributabletominorityshareholdersinthisperiod | Dividendsdeclaredfordistributiontominorityshareholdersinthisperiod | Closingbalanceofminorityshareholders'equity |
| DeepalAutomotiveTechnologyCo.,Ltd | 49% | (361,949,218.62) | (1,311,051,621.86) |
(3)Mainfinancialinformationofimportantnonwhollyownedsubsidiaries
InRMBYuan
| Name | Endingbalance | |||||
| Currentassets | Noncurrentassets | Totalassets | Currentliabilities | Noncurrentliabilities | Totalliabilities | |
| DeepalAutomotive | 19,587,530,651.25 | 3,778,868,303.07 | 23,366,398,954.32 | 24,213,841,701.44 | 1,827,954,407.92 | 26,041,796,109.36 |
InRMBYuan
| Name | Beginningbalance | |||||
| Currentassets | Noncurrentassets | Totalassets | Currentliabilities | Noncurrentliabilities | Totalliabilities | |
| DeepalAutomotive | 19,532,107,979.29 | 3,335,776,374.16 | 22,867,884,353.45 | 23,372,178,834.61 | 1,464,812,108.74 | 24,836,990,943.35 |
InRMBYuan
| Name | Currentamountincurred | |||
| Operatingincome | Netprofit | Totalcomprehensiveincome | Cashflowfromoperatingactivities | |
| DeepalAutomotive | 13,981,380,535.82 | (738,611,579.92) | (738,611,579.92) | 188,860,877.54 |
InRMBYuan
| Name | Amountincurredinthepreviousperiod | |||
| Operatingincome | Netprofit | Totalcomprehensiveincome | Cashflowfromoperatingactivities | |
| DeepalAutomotive | 8,828,401,817.81 | (1,058,521,570.86) | (1,058,521,570.86) | (2,577,925,021.38) |
2.Stakesinjointventuresandassociates
(1)Significantjointventuresorassociates
| Nameofjointventureorassociatedenterprise | Mainoperatingplace | Registeredplace | Natureofbusiness | Totalproportionofshareholders(%) | Accountingtreatment | |
| Direct | Indirect | |||||
| ChanganFordAutomobileCo.,Ltd. | Chongqing | Chongqing | Manufactureandsaleofautomobiles,andcomponents | 50.00 | Equity | |
| Avatr.Co.,Ltd | Chongqing | Chongqing | Newenergyvehiclemanufacturing | 40.9940 | Equity |
(2)Keyfinancialinformationofsignificantjointventures
InRMBYuan
| Endingbalance/Amountforthisperiod | Beginningbalance/Amountforpriorperiod | |
| ChanganFord | ChanganFord | |
| Currentassets | 14,419,604,004.16 | 12,331,898,432.45 |
| Non-currentassets | 12,539,894,934.86 | 13,881,353,746.59 |
| Totalassets | 26,959,498,939.02 | 26,213,252,179.04 |
| Currentliabilities | 16,426,704,017.90 | 21,314,464,718.72 |
| Non-currentliabilities | 9,134,085,691.47 | 5,328,845,420.37 |
| Totalliabilities | 25,560,789,709.37 | 26,643,310,139.09 |
| Minorityinterests | 50,600,596.35 | 67,713,664.93 |
| Equityattributabletoowners | 1,348,108,633.30 | (497,771,624.98) |
| Netassetownedaccordingtoshareproportion | 674,054,316.65 | (248,885,812.49) |
| Adjustment | (55,293,124.59) | 248,885,812.49 |
| Bookvalueofinvestment | 618,761,192.06 | - |
| Fairvalueofequityinvestmentsinjointventureswithpubliclyquotedprices | ||
| Netprofit | 1,821,149,735.52 | 799,233,915.94 |
| Netprofitfromdiscontinuedoperations | ||
| Othercomprehensiveincome | ||
| Totalcomprehensiveincome | 1,821,149,735.52 | 799,233,915.94 |
| Dividendsreceivedfromjointventuresthisyear |
(3)Keyfinancialinformationofsignificantassociatedventures
InRMBYuan
| Endingbalance/Amountforthisperiod | Beginningbalance/Amountforpriorperiod | |
| Avatr | Avatr | |
| Currentassets | 9,669,463,056.62 | 10,513,768,163.43 |
| Non-currentassets | 3,076,806,130.71 | 2,130,278,114.28 |
| Totalassets | 12,746,269,187.33 | 12,644,046,277.71 |
| Currentliabilities | 11,020,047,720.58 | 9,864,279,866.61 |
| Non-currentliabilities | 1,020,245,511.52 | 685,987,794.52 |
| Totalliabilities | 12,040,293,232.10 | 10,550,267,661.13 |
| Minorityinterests | ||
| Equityattributabletoowners | 705,975,955.23 | 2,093,778,616.58 |
| Netassetownedaccordingtoshareproportion | 289,407,783.09 | 858,321,512.30 |
| Adjustment | 1,418,415,643.50 | 1,437,388,747.49 |
| Bookvalueofinvestment | 1,707,823,426.59 | 2,295,710,259.79 |
| Fairvalueofequityinvestmentsinjointventureswithpubliclyquotedprices | ||
| Netprofit | (1,395,466,105.15) | (1,756,458,646.69) |
| Netprofitfromdiscontinuedoperations | ||
| Othercomprehensiveincome | ||
| Totalcomprehensiveincome | (1,395,466,105.15) | (1,756,458,646.69) |
| Dividendsreceivedfromjointventuresthisyear |
(4)Thefinancialstatusofthelessimportantjointventuresandassociates
InRMBYuan
| Endingbalance | Beginningbalance | |
| Jointventure: | ||
| Totalbookvalueoftheinvestment | 3,870,282,808.64 | 3,789,451,718.73 |
| Totalamountcalculatedbyshareholdingproportion | ||
| --Netprofit | 80,831,087.02 | 50,249,613.41 |
| --Othercomprehensiveincome | 2.89 | |
| --Totalcomprehensiveincome | 80,831,089.91 | 50,249,613.41 |
| Associates: | ||
| Totalbookvalueoftheinvestment | 7,912,295,071.89 | 7,702,230,006.95 |
| Totalamountcalculatedbyshareholdingproportion | ||
| --Netprofit | 149,862,202.55 | 119,453,284.98 |
| --Othercomprehensiveincome | (5,967,137.61) | |
| --Totalcomprehensiveincome | 143,895,064.94 | 119,453,284.98 |
(5)ExcessivelossesincurredbyjointventuresorassociatesOurcompanyhasnoobligationtobearadditionallossestoJianglingHoldingsLimited.Therefore,whenitincursexcesslosses,weonlywritedownlong-termequityinvestmentstozeroanddonotrecognizeexcesslossesrelatedtoinvestmentsintheaforementionedcompanies.
XI.Governmentsubsidies
1.Debtprojectsinvolvinggovernmentsubsidies
InRMBYuan
| LedgerAccount | Beginningbalance | Newlyaddedsubsidyamountduringtheperiod | Transferofotherincomeamountinthisperiod | Costdeductionamountforthisperiod | Otherdecreasesinthisperiod | Endingbalance | Relatedtoassets/earnings |
| Deferredincome | 610,407,171.08 | 104,408,720.03 | 505,998,451.05 | Assetrelated | |||
| Deferredincome | 108,433,372.44 | 115,308,720.03 | 50,000,000.00 | 3,188,720.03 | 170,553,372.44 | Incomerelated |
2.Governmentsubsidiesincludedincurrentprofitandloss
Grantsrelatedtoincome
InRMBYuan
| Projectsthatoffsetrelatedcostandexpenselosses | Theamountofoffsettingrelatedcostandexpenselosses | |
| Currentamountincurred | Amountincurredinthepreviousperiod | |
| Operatingcosts | 133,204,096.39 | 23,614,843.48 |
| sellingexpenses | 1,746,029.54 | 6,763,467.92 |
| Managementexpenses | 7,743,252.52 | 8,254,895.38 |
| R&Dexpenses | 5,000,000.00 | 12,334,313.00 |
| Total | 147,693,378.45 | 50,967,519.78 |
XII.Risksassociatedwithfinancialinstruments
1.Variousrisksarisingfromfinancialinstruments
Ourcompanyfacesvariousfinancialrisksintheprocessofoperation,includingcreditrisk,liquidityrisk,andmarketrisk(includingexchangeraterisk,interestraterisk,andotherpricerisks).Theabovefinancialrisksandtheriskmanagementpoliciesadoptedbyourcompanytoreducetheserisksareasfollows:
Theoverallgoalofourcompany'sriskmanagementistodevelopriskmanagementpoliciesthatminimizerisksasmuchaspossiblewithoutexcessivelyaffectingthecompany'scompetitivenessandadaptability.CreditrisksCreditriskreferstotheriskoffinanciallossesincurredbythecompanyduetothecounterparty'sfailuretofulfillcontractualobligations.Thecreditriskofourcompanymainlyarisesfrommonetaryfunds,accountsreceivable,accountsreceivablefinancing,otherreceivables,aswellasdebtinstrumentinvestmentsmeasuredatfairvaluewithchangesrecognizedincurrentprofitorlossthatarenotincludedinthescopeofimpairmentassessment.Ourcompany'smonetaryfundsaremainlydepositedinstate-ownedbankswithgoodreputationandhighcreditratings,affiliatedfinancecompaniesandautomotivefinancecompanies,aswellasotherlargeandmedium-sizedlistedbanks.Webelievethatthereisnosignificantcreditriskandtherewillbealmostnosignificantlossescausedbybankdefaults.Inaddition,thecompanyhasestablishedrelevantpoliciestocontrolcreditriskexposureforaccountsreceivable,accountsreceivable,accountsreceivablefinancing,contractassets,andotherreceivables.Ourcompanyevaluatescustomers'creditqualificationsandsetscorrespondingcreditperiodsbasedontheirfinancialstatus,thepossibilityofobtainingguaranteesfromthirdparties,creditrecords,andotherfactorssuchascurrentmarketconditions.Ourcompanywillregularlymonitorcustomercreditrecords.Forcustomerswithpoorcreditrecords,wewillusewrittenreminders,shortencreditperiods,orcancelcreditperiodstoensurethatouroverallcreditriskiswithinacontrollablerange.LiquidityriskLiquidityriskreferstotheriskofashortageoffundswhenanenterprisefulfillsitsobligationtosettlebydeliveringcashorotherfinancialassets.Ourcompany'spolicyistoensuresufficientcashtorepaymaturingdebts.Liquidityriskiscentrallycontrolledbythefinancedepartmentofourcompany.Thefinancedepartmentensuresthatthecompanyhassufficientfundstorepayitsdebtsunderallreasonableforecastsbymonitoringcashbalances,convertiblesecurities,androllingforecastsofcashflowsforthenext12months.Atthesametime,continuouslymonitorwhetherthecompanycomplieswiththeprovisionsoftheloanagreementandobtaincommitmentsfrommajorfinancialinstitutionstoprovidesufficientreservefundstomeetshort-termandlong-termfundingneeds.Marketrisk
Themarketriskoffinancialinstrumentsreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsduetochangesinmarketprices,includingexchangeraterisk,interestraterisk,andotherpricerisks.
(1)InterestrateriskInterestrateriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsduetochangesinmarketinterestrates.Fixedrateandfloatingrateinterestbearingfinancialinstrumentsexposeourcompanytofairvalueinterestrateriskandcashflowinterestraterisk,respectively.Ourcompanydeterminestheratiooffixedrateandfloatingrateinstrumentsbasedonmarketconditions,andmaintainsanappropriatecombinationoffixedandfloatingrateinstrumentsthroughregularreviewandsupervision.Whennecessary,ourcompanywilluseinterestrateswaptoolstohedgeinterestraterisk.Ourcompany'srevenueandoperatingcashflowarebasicallyunaffectedbyfluctuationsinmarketinterestrates.OnJune30,2024,allbankloansandpayablebondsofourcompanywillaccrueinterestatafixedrate.Ourcompanycurrentlydoesnothedgeagainstinterestraterisk.
(2)ExchangerateriskExchangerateriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsduetochangesinforeignexchangerates.Ourcompanycontinuouslymonitorsforeigncurrencytransactionsandthescaleofforeigncurrencyassetsandliabilitiestominimizetheforeignexchangerisksweface.Inaddition,thecompanymayalsosignforwardforeignexchangecontractsorcurrencyswapcontractstoavoidexchangeraterisks.
(3)OtherpricerisksOtherpriceriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsduetomarketpricechangesotherthanexchangerateriskandinterestraterisk.Ourcompany'sotherpricerisksmainlyarisefromvariousequityinstrumentinvestments,andthereisariskofchangesinequityinstrumentprices.OnJune30,2024,assumingallothervariablesremainconstant,ifthevalueofequityinstrumentsincreasesordecreasesby5%,theCompanywillincreaseordecreaseitsnetprofitby6488407.75yuan.Themanagementbelievesthat5%reasonablyreflectsthereasonablerangewithinwhichthevalueofequityinstrumentsmaychangeinthenextyear.XIII.Disclosureoffairvalue
1.Closingfairvalueofassetsandliabilitiesmeasuredatfairvalue
InRMBYuan
| Items | Fairvalueattheendoftheperiod | |||
| Firstlevelfairvaluemeasuremen | Secondlevelfairvaluemeasuremen | Thirdlevelfairvaluemeasuremen | Total | |
| Tradingfinancialassets | 152,668,417.66 | 152,668,417.66 | ||
| Otherequityinstrumentinvestments | 504,190,082.71 | 504,190,082.71 | ||
| Tradingfinancialliabilities | 12,941,513.71 | 12,941,513.71 | ||
XIV.Relatedpartyrelationshipsandtransactions
1.ParentcompanyoftheCompany
| Parentcompany | Placeofregistration | Natureofthebusiness | Registeredcapital | ProportionofsharesintheCompany(%) | Proportionofvotingrightsinthecompany(%) |
| ChinaChanganAutomobileGroupCo,Ltd. | Beijing | Manufactureandsaleofautomobiles,engine,andcomponents | 6,092,273,400.00 | 20.81% | 20.81% |
TheFinalcontrollingpartyisChinaSouthIndustriesGroupcorporation
2.SubsidiariesSeesubsidiariesinX（1）.Stakeinotherentities.
3.Jointventuresandassociates
SeeJointventuresandassociatesinX（2）Stakeinotherentities.
4.Otherrelatedparties
| Relatedparties | Relationship |
| AnhuiWanyouAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChengduHuachuanElectricEquipmentCo.,Ltd | Controlledbythesameultimateholdingcompany |
| Chenzhi(Chengdu)IntelligentSuspensionCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChengduWanyouTradingCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChengduWanyouAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChengduWanyouAutomobileTradingServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChengduWanyouXiangyuAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| GuizhouWanyouAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| HarbinDonganAutomotivePowerCo.,Ltd | Controlledbythesameultimateholdingcompany |
| HarbinDonganAutomotiveEngineManufacturingCo.,Ltd | Controlledbythesameultimateholdingcompany |
| HunanTianyanMachineryCo.,Ltd | Controlledbythesameultimateholdingcompany |
| JiangsuWanyouAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| LuzhouWanyouAutomobileServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| CSMFaureciaAutomotivePartsCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| Chenzhi(Chongqing)BrakeSystemCo.,Ltd | Controlledbythesameultimateholdingcompany |
| SouthInterAir-conditionerCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| PanzhihuaWanyouAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| SichuanJiananIndustrialCo.,Ltd | Controlledbythesameultimateholdingcompany |
| SichuanNingjiangShanchuanMachineryCo.,Ltd | Controlledbythesameultimateholdingcompany |
| YaanWanyouAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| YunnanWanyouAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChinaChanganAutomobileGroupTianjinSalesCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingQingshanIndustrialCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingWanyouDuchengAutoSalesServiceCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingWanyouXingjianAutoSales&ServiceCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingWanyouEconomicDevelopmentCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingWanyouZundaAutomobileSales&ServiceCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingChanganMinshengLogisticsCo.Ltd. | Controlledbythesameultimateholdingcompany |
| BeijingBeijiElectromechanicalIndustryCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChengduZhongziGuangmingCatalyticTechnologyCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChengduJialingHuaxiOpticalPrecisionMachineryCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChengduLingchuanAutomotiveFuelTankCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChengduWanyouFilterCo.,Ltd | Controlledbythesameultimateholdingcompany |
| HubeiHuazhongMarelliAutomotiveLightingCo.,Ltd | Controlledbythesameultimateholdingcompany |
| Relatedparties | Relationship |
| HubeiXiaoganHuazhongCarLampCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ConstructionIndustryGroup(Yunnan)Co.,Ltd | Controlledbythesameultimateholdingcompany |
| ChinaOrdnanceEquipmentGroupHumanResourcesDevelopmentCenter | Controlledbythesameultimateholdingcompany |
| ChinaOrdnanceEquipmentGroupCommercialFactoringCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingDajiangJiexinForgingCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingJiansheAutomobileAir-conditionerCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingConstructionTongdaIndustrialCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingShangfangAutomobileFittingsCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingQingshanTransmissionSalesCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingYihongEngineeringPlasticProductsCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingChanganindustry(Group)Co.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingChanganPropertyManagementCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| BeijingZhongbingInsuranceBrokerageCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingChanganIntelligentIndustrialTechnologyServiceCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| LongchangShanchuanPrecisionWeldedTubeCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| NanyangLidaOptoelectronicsCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingChangrongMachineryCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| SouthwestOrdnanceIndustryChongqingEnvironmentalProtectionResearchInstituteCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChinaOrdnanceNews | Controlledbythesameultimateholdingcompany |
| ChongqingWanyouZhichengAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingWanyouChengxingAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingChangxiangSupplyChainTechnologyCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChinaOrdnanceEquipmentGroupAutomationResearchInstituteCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingSouthwestInspectionandTestingCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChinaSouthIndustriesGroupCommercialFactoringCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| WanyouAutomobileInvestmentCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChinaOrdnanceEquipmentGroupFinanceLeasingCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingAnfuAutomobileCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingFujiSupplyChainManagementCo.,Ltd | Controlledbythesameultimateholdingcompany |
| OrdnanceEquipmentGroupFinanceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| DaliWanfuAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| HubeiHuazhongChangjiangOptoelectronicsTechnologyCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChenzhiTechnologyCo.,Ltd | Controlledbythesameultimateholdingcompany |
| BeijingNorthChangfuAutomobileSalesCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChinaChanganAutomobileGroupHefeiInvestmentCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingConstructionIndustry(Group)Co.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingJialingYiminSpecialEquipmentCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingJiansheMechanical&ElectricalEquipmentCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| ChongqingXiyiAutomobileConnectingRodCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| OrdnanceEquipmentResearchInstituteofChinaOrdnanceEquipmentGroup | Controlledbythesameultimateholdingcompany |
| BazhongWanyouAutomobileSalesandServiceCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingChanganConstructionCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| HunanTianyanMachineryCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChengduLingchuanSpecialIndustryCo.,Ltd | Controlledbythesameultimateholdingcompany |
| Relatedparties | Relationship |
| YunnanWanxingAutoSalesServiceCo.,Ltd. | Controlledbythesameultimateholdingcompany |
| HubeiXiaoganHuazhongCarLampCo.,Ltd | Controlledbythesameultimateholdingcompany |
| ChongqingDajiangXindaVehicleCo.,Ltd | Controlledbythesameultimateholdingcompany |
| HafeiAutomobileCo.,Ltd | Companiesinwhichthecompanyparticipates |
| ChongqingDajiangYuqiangPlasticCo.,Ltd. | Companiesinwhichthecompanyparticipates |
| ChongqingNexteerSteeringSystemCo.,Ltd. | Companiesinwhichthecompanyparticipates |
| LearChangan(Chongqing)AutomotiveSystemCo.,Ltd | Companiesinwhichthecompanyparticipates |
| UnitedAutomotiveElectronics(Chongqing)Co.,Ltd | Companiesinwhichthecompanyparticipates |
| GKNHUAYUDrivelineSystems(Chongqing)Co.,Ltd | Companiesinwhichthecompanyparticipates |
| TiannakLingchuan(Chongqing)exhaustsystemCo.,Ltd | Companiesinwhichthecompanyparticipates |
| ChongqingDajiangTongyangPlasticsCo.,Ltd. | Companiesinwhichthecompanyparticipates |
| ChongqingDajiangGuoliPrecisionMachineryManufacturingCo.,Ltd. | Companiesinwhichthecompanyparticipates |
| DajiangYappAutomotiveSystemsCo.,Ltd. | Companiesinwhichthecompanyparticipates |
| ChongqingHanonJiansheAutomotiveThermalSystemsCo.,Ltd. | Companiesinwhichthecompanyparticipates |
| ChongqingLingchuanAutoPartsManufacturingTechnologyCo.,Ltd. | Companiesinwhichthecompanyparticipates |
| ChongqingWanyouTalentServiceCo.,Ltd | Companiesinwhichthecompanyparticipates |
| ChanganLaisi(Chongqing)robotintelligentequipmentCo.,Ltd | Companiesinwhichthecompanyparticipates |
5.Related-partytransaction
(1)TransactionsofgoodsandservicesGoodspurchasedandservicesreceived
InRMBYuan
| Relatedparties | Natureofthetransaction | Currentamount | Approvedtransactionamount | Whetheritexceedsthetransactionamount | Prior-periodamount |
| ChongqingQingshanIndustrialCo.,Ltd | Purchasingpartsandacceptinglaborservices | 4,493,367,383.45 | 11,425,588,256.20 | No | 4,247,550,166.24 |
| JianglingHoldingsCo.,Ltd. | Purchasingpartsandacceptinglaborservices | 2,169,860,345.56 | 12,995,016,030.33 | No | 514,070,488.27 |
| ChongqingChanganMinshengLogisticsCo.Ltd. | Purchasingpartsandacceptinglaborservices | 2,098,821,621.39 | 7,997,202,114.58 | No | 2,685,849,489.33 |
| TimesChanganPowerBatteryCo.,Ltd. | Procurementofparts | 821,368,168.15 | 7,704,110,383.18 | No | - |
| Chenzhi(Chongqing)BrakeSystemCo.,Ltd | Procurementofparts | 624,315,030.21 | 748,646,684.89 | No | 547,250,941.45 |
| SichuanJian'anIndustrialCo.,Ltd | Purchasingpartsandacceptinglaborservices | 548,125,486.31 | 1,951,122,305.64 | No | 569,748,423.73 |
| Relatedparties | Natureofthetransaction | Currentamount | Approvedtransactionamount | Whetheritexceedsthetransactionamount | Prior-periodamount |
| UnitedAutomotiveElectronics(Chongqing)Co.,Ltd | Purchasingpartsandacceptinglaborservices | 511,597,954.64 | 1,478,445,956.29 | No | 489,858,832.36 |
| HarbinDonganAutomotiveEngineManufacturingCo.,Ltd. | Procurementofparts | 500,527,166.71 | 761,922,037.96 | No | 286,555,317.12 |
| ChongqingNexteerSteeringSystemCo.,Ltd. | Procurementofparts | 477,982,649.73 | 1,551,409,889.43 | No | 482,284,076.02 |
| HubeiHuazhongMarelliAutomobileLightingCo.,Ltd. | Purchasingpartsandacceptinglaborservices | 461,129,146.14 | 1,633,883,190.34 | No | 425,498,458.56 |
| SichuanNingjiangShanchuanMachineryCo,Ltd. | Procurementofparts | 433,060,404.47 | 961,859,835.88 | No | 250,225,299.36 |
| ChengduHuachuanElectricEquipmentCo.,Ltd. | Procurementofparts | 392,829,660.89 | 821,874,569.68 | No | 265,398,399.77 |
| SouthInterAir-conditionerCo.,Ltd. | Procurementofparts | 359,507,403.70 | 1,917,170,046.97 | No | 324,599,906.01 |
| ChongqingDajiangTongyangPlasticsCo.,Ltd. | Procurementofparts | 343,273,903.25 | 795,342,283.36 | No | 251,637,351.95 |
| CSMFaureciaAutomotivePartsCo.,Ltd. | Procurementofparts | 278,100,304.72 | 996,492,651.38 | No | 293,507,822.63 |
| ChongqingDajiangGuoliPrecisionMachineryManufacturingCo.,Ltd. | Procurementofparts | 200,516,763.71 | 922,918,313.76 | No | 243,266,094.33 |
| DajiangYappAutomotiveSystemsCo.,Ltd. | Procurementofparts | 189,047,680.99 | 568,179,277.18 | No | 218,898,950.45 |
| ChongqingWutongChelianTechnologyCo.,Ltd. | Purchasingpartsandacceptinglaborservices | 171,231,816.16 | 682,869,759.95 | No | 157,766,418.74 |
| GKNHUAYUDrivelineSystems(Chongqing)Co.,Ltd. | Procurementofparts | 168,940,531.23 | 517,379,244.64 | No | 175,750,765.78 |
| LearChangan(Chongqing)AutomotiveSystemCo.,Ltd | Procurementofparts | 157,811,927.34 | 408,322,221.59 | No | 186,552,716.15 |
| HarbinDonganAutoEngineCo.,Ltd. | Procurementofparts | 151,227,473.28 | 490,421,895.83 | No | 201,477,650.66 |
| ChengduZhongziGuangmingCatalyticTechnologyCo.,Ltd | Procurementofparts | 135,729,566.81 | 1,001,172,941.16 | No | 277,552,589.96 |
| ChongqingChangrongMachineryCo.,Ltd. | Procurementofparts | 111,907,956.90 | 424,994,542.10 | No | 136,845,945.08 |
| ChongqingChangxianIntelligentTechnologyCo.,Ltd | Acceptlabor | 99,626,120.31 | 1,106,539,793.14 | No | - |
| ChanganAutoFinanceCo.,Ltd. | Acceptlabor | 96,613,789.13 | 71,878,099.63 | Yes | 40,003,766.38 |
| ChongqingLingchuanAutoPartsManufacturingTechnologyCo.,Ltd. | Procurementofparts | 95,858,621.77 | 252,436,715.62 | No | 101,723,761.38 |
| HubeiXiaoganHuazhongCarLampCo.,Ltd | Purchasingpartsandacceptinglaborservices | 89,196,328.09 | 192,786,397.56 | No | 62,177,934.16 |
| ConstructionIndustryGroup | Procurementof | 84,007,141.90 | 18,958,146.72 | Yes | 65,386,027.01 |
| Relatedparties | Natureofthetransaction | Currentamount | Approvedtransactionamount | Whetheritexceedsthetransactionamount | Prior-periodamount |
| (Yunnan)Co.,Ltd | parts | ||||
| ChongqingShangfangAutomobileFittingsCo.,Ltd. | Procurementofparts | 66,085,066.45 | 195,574,217.92 | No | 56,847,951.59 |
| ChongqingJiansheAutomobileAir-conditionerCo.,Ltd. | Procurementofparts | 63,029,494.51 | 66,707,582.27 | No | 30,929,139.50 |
| ChengduWanyouFilterCo.,Ltd. | Procurementofparts | 62,558,707.43 | 170,247,389.42 | No | 60,828,232.32 |
| HunanTianyanMachineryCo.,Ltd | Procurementofparts | 57,921,928.22 | 183,259,652.11 | No | 59,035,655.33 |
| ChongqingHanonJiansheAutomotiveThermalSystemsCo.,Ltd. | Procurementofparts | 53,751,899.29 | 221,965,490.53 | No | 75,943,637.67 |
| TiannakLingchuan(Chongqing)exhaustsystemCo.,Ltd | Procurementofparts | 52,478,337.69 | 95,197,423.91 | No | 23,033,580.78 |
| BeijingWutongChelianTechnologyCo.,Ltd. | Procurementofparts | 29,697,349.74 | 80,644,096.51 | No | 32,740,169.65 |
| ChongqingYihongEngineeringPlasticProductsCo.,Ltd. | Procurementofparts | 28,672,849.28 | 89,793,888.52 | No | 35,614,480.95 |
| ChongqingQingshanTransmissionSalesCo.,Ltd. | Procurementofparts | 26,758,385.18 | 84,535,268.03 | No | 29,495,148.15 |
| ChengduLingchuanVehicleOilTankCo.,Ltd. | Procurementofparts | 25,621,052.62 | 59,766,079.02 | No | 22,896,846.34 |
| ChongqingChanganIntelligentIndustrialTechnologyServiceCo.,Ltd | Acceptlabor | 21,919,338.63 | 44,322,749.40 | No | 11,279,433.62 |
| ChongqingConstructionTongdaIndustrialCo.,Ltd. | Procurementofparts | 20,559,686.91 | 75,862,450.69 | No | 27,756,255.26 |
| ChongqingWanyouEconomicDevelopmentCo.,Ltd. | Purchasingpartsandacceptinglaborservices | 16,725,120.28 | 48,860,186.86 | No | 14,785,490.80 |
| YunnanWanyouAutoSalesandServiceCo.,Ltd. | Acceptlabor | 14,694,568.91 | 40,301,439.80 | No | 10,507,634.88 |
| ChongqingWanyouTalentServiceCo.,Ltd | Acceptlabor | 10,534,775.09 | 15,055,678.38 | No | - |
| ChengduWanyouXiangyuAutoSalesandServiceCo.,Ltd. | Acceptlabor | 10,504,081.34 | 21,072,352.03 | No | 8,781,051.72 |
| LongchangShanchuanPrecisionWeldedTubeCo.,Ltd. | Procurementofparts | 10,384,036.29 | 31,679,559.84 | No | 12,373,330.60 |
| GuizhouWanyouAutoSalesandServiceCo.,Ltd. | Acceptlabor | 9,659,028.54 | 22,139,865.33 | No | 6,496,124.73 |
| SouthwestOrdnanceIndustryChongqingEnvironmentalProtectionResearchInstituteCo.,Ltd. | Acceptlabor | 9,504,544.41 | 14,958,443.14 | No | 445,897.62 |
| ChinaChanganAutomobileGroupCo.,Ltd | Procurementofparts | 8,977,833.80 | 15,896,254.80 | No | - |
| ChongqingDajiangJiexinForgingCo.,Ltd | Procurementofparts | 6,826,450.87 | 1,661,216.45 | Yes | 916,320.42 |
| ChongqingChanganindustry(Group)Co.,Ltd | Acceptlabor | 6,673,053.09 | 128,952,000.00 | No | 6,981,144.30 |
| JiangsuWanyouAutomobileSales | Acceptlabor | 6,374,830.46 | 10,836,359.06 | No | 3,530,670.99 |
| Relatedparties | Natureofthetransaction | Currentamount | Approvedtransactionamount | Whetheritexceedsthetransactionamount | Prior-periodamount |
| ServiceCo.,Ltd. | |||||
| ChengduWanyouAutoTradeServiceCo.,Ltd. | Acceptlabor | 4,990,765.15 | 13,194,208.49 | No | 3,136,714.77 |
| ChongqingChanganPropertyManagementCo.,Ltd. | Acceptlabor | 4,582,907.88 | 25,788,000.00 | No | 5,556,152.45 |
| AnhuiWanyouAutomobileSalesServiceCo.,Ltd. | Acceptlabor | 3,213,766.01 | 7,610,801.88 | No | 2,622,805.44 |
| ChanganMazdaEngineCo.,Ltd. | Acceptlabor | 3,041,536.34 | 3,000,000.00 | Yes | - |
| ChinaChanganAutomobileGroupTianjinSalesCo.,Ltd. | Acceptlabor | 2,677,994.00 | 7,360,976.57 | No | 2,515,157.69 |
| AvatrTechnology(Chongqing)Co.,Ltd | Acceptlabor | 2,204,245.81 | 5,503,506.90 | No | 928,938.06 |
| ChongqingWanyouDuchengAutoSalesServiceCo.,Ltd. | Acceptlabor | 1,910,254.33 | 6,306,041.23 | No | 973,308.83 |
| AVATR(Chongqing)AutomobileSales&ServiceCo.,Ltd | Procurementofparts | 1,269,407.08 | 2,548,184.93 | No | 61,949,625.77 |
| ChanganFordAutomobileCo.,Ltd. | Acceptlabor | 1,247,217.12 | 2,778,558.26 | No | - |
| Ya'anWanyouAutoSalesandServiceCo.,Ltd. | Acceptlabor | 1,075,093.34 | 3,246,310.23 | No | 1,014,389.55 |
| ChongqingWanyouXingjianAutoSales&ServiceCo.,Ltd. | Acceptlabor | 1,034,919.72 | 2,601,495.41 | No | 810,225.03 |
| ChengduWanyouAutomobileSalesandServiceCo.,Ltd | Acceptlabor | 937,608.29 | 2,558,212.92 | No | 826,173.26 |
| Chenzhi(Chengdu)IntelligentSuspensionCo.,Ltd | Procurementofparts | 579,769.55 | 1,644,152.77 | No | 303,637.08 |
| ChongqingWanyouChengxingAutomobileSalesandServiceCo.,Ltd | Acceptlabor | 559,717.94 | 1,320,000.00 | No | - |
| NanyangLidaOptoelectronicsCo.,Ltd | Procurementofparts | 482,340.66 | 652,566.85 | No | - |
| PanzhihuaWanyouAutoSales&ServiceCo.,Ltd. | Acceptlabor | 375,355.46 | 829,087.31 | No | 148,176.37 |
| ChongqingChangxiangSupplyChainTechnologyCo.,Ltd | Acceptlabor | 268,899.07 | 678,505.91 | No | - |
| ChanganMazdaAutomobileCo.,Ltd | Acceptlabor | 212,576.11 | 36,000.00 | Yes | 1,270,637.36 |
| ChengduJialingHuaxiOptical&PrecisionMachineryCo.,Ltd. | Procurementofparts | 126,726.31 | 1,193,438.96 | No | 501,828.63 |
| LuzhouWanyouAutomobileServiceCo.,Ltd. | Acceptlabor | 122,798.52 | 773,578.75 | No | 208,109.30 |
| ChongqingWanyouAdvertisingCo.,Ltd. | Acceptlabor | 88,650.00 | 180,000.00 | No | - |
| ChongqingDajiangYuqiangPlasticCo.,Ltd. | Procurementofparts | 87,580.04 | 321,227.54 | No | 196,038.83 |
| ChinaOrdnanceEquipmentGroupCommercialFactoringCo.,Ltd | Acceptlabor | 66,037.74 | 96,000.00 | No | - |
| ChongqingSouthwestInspectionandTestingCo.,Ltd | Acceptlabor | 56,112.31 | 90,000.00 | No | - |
| NanjingLingHangTechnologyCo.,Ltd. | Acceptlabor | 51,413.41 | 43,200.00 | Yes | 33,388.14 |
| Relatedparties | Natureofthetransaction | Currentamount | Approvedtransactionamount | Whetheritexceedsthetransactionamount | Prior-periodamount |
| BeijingBeijiMechanicalandElectricalIndustryCo.,Ltd. | Procurementofparts | 24,494.80 | 232,339.15 | No | 55,471.89 |
| ChinaOrdnanceEquipmentGroupHumanResourcesDevelopmentCenter | Acceptlabor | 20,783.02 | 26,366.04 | No | 5,377.35 |
| BeijingZhongbingInsuranceBrokerageCo.,Ltd. | Acceptlabor | 20,505.30 | 54,000.00 | No | 179,456.11 |
| ChengduWanyouTradingCo.,Ltd | Acceptlabor | 19,700.27 | 142,442.82 | No | 44,034.79 |
| ChinaOrdnanceNewsAgency | Acceptlabor | 12,311.32 | 28,718.48 | No | 18,555.76 |
| AldFortuneAutoLeasing&Renting(Shanghai)Co.,Ltd. | Acceptlabor | 11,151.69 | 25,387.34 | No | - |
| ChongqingWanyouZundaAutomobileSales&ServiceCo.,Ltd. | Procurementofparts | 5,879.99 | 13,482.54 | No | 38,252.00 |
| ChinaOrdnanceEquipmentGroupAutomationResearchInstituteCo.,Ltd | Acceptlabor | 1,698.11 | 3,854.53 | No | - |
| ChanganLaisi(Chongqing)robotintelligentequipmentCo.,Ltd | Procurementofparts | - | - | No | 1,756,066.31 |
| ZhongqiChuangzhiTechnologyCo.,Ltd | Purchasingpartsandacceptinglaborservices | - | - | No | 480,000.94 |
| ChinaOrdnanceEquipmentGroupCommercialFactoringCo.,Ltd | Acceptlabor | - | - | No | 76,040.43 |
| NanjingChelaiTravelTechnologyCo.,Ltd | Acceptlabor | - | - | No | 15,222.66 |
| Total: | 16,916,874,982.66 | 62,209,113,874.82 | 14,118,319,574.90 | ||
Goodssoldandservicesoffered
InRMBYuan
| Relatedparties | Natureofthetransaction | Currentamount | Prior-periodAmount |
| AvatrTechnology(Chongqing)Co.,Ltd. | Sellingpartsandprovidinglaborservices | 1,885,583,221.76 | 966,811,840.03 |
| ChongqingWanyouZundaAutomobileSales&ServiceCo.,Ltd. | Sellingparts | 1,570,508,038.16 | 1,211,267,157.57 |
| ChengduWanyouXiangyuAutoSalesandServiceCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 1,288,701,497.02 | 697,109,803.93 |
| ChongqingWanyouEconomicDevelopmentCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 965,905,313.45 | 895,356,870.07 |
| YunnanWanyouAutoSalesandServiceCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 869,877,002.41 | 555,923,788.70 |
| GuizhouWanyouAutoSalesandServiceCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 860,548,335.60 | 565,501,997.62 |
| ChongqingWanyouZhichengAutomobileSalesandServiceCo.,Ltd | Sellingcompletevehicles | 557,004,163.49 | - |
| JiangsuWanyouAutomobileSalesServiceCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 534,796,227.54 | 314,630,817.93 |
| Relatedparties | Natureofthetransaction | Currentamount | Prior-periodAmount |
| PakistanMasterAutomobileCo.,Ltd. | Sellingcompletevehiclesandcomponents | 218,606,093.69 | 109,372,901.50 |
| AnhuiWanyouAutomobileSalesServiceCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 186,786,950.91 | 140,376,222.36 |
| ChanganMazdaAutomobileCo.,Ltd | Sellingpartsandprovidinglaborservices | 166,764,218.31 | 7,133,803.72 |
| ChongqingFujiSupplyChainManagementCo.,Ltd | Sellingcompletevehicles | 99,552,970.82 | 69,216,929.01 |
| ChinaChanganAutomobileGroupTianjinSalesCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 93,391,397.85 | 131,130,406.12 |
| ChanganAutomobileFinancingCo.,Ltd. | Providinglaborservices | 42,002,363.94 | 174,835,059.92 |
| ChengduWanyouAutoTradeServiceCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 36,309,737.11 | 329,514,962.73 |
| ChongqingChanganKuayueAutomobileCo.,Ltd. | Sellingpartsandprovidinglaborservices | 31,208,393.21 | 105,713,055.00 |
| WanyouAutomobileInvestmentCo.,Ltd. | Sellingcompletevehiclesandprovidinglaborservices | 27,888,149.01 | 291,309,672.29 |
| ChongqingAnfuAutomobileCo.,Ltd. | Sellingcompletevehiclesandcomponents | 19,682,566.45 | 29,676,902.67 |
| JianglingHoldingsCo.,Ltd. | Providinglaborservices | 17,825,828.22 | 207,500.00 |
| ChinaSouthIndustriesGroupFinancialLeasingCo.,Ltd. | Providinglaborservices | 9,463,220.25 | 16,343,690.21 |
| ChanganFordAutomobileCo.,Ltd. | Sellingpartsandprovidinglaborservices | 3,987,960.57 | 2,017,778.68 |
| ChongqingWanyouDuchengAutoSalesServiceCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 3,013,592.37 | 2,029,066.92 |
| ChengduWanyouAutoSalesandServiceCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 1,475,407.45 | 832,930.32 |
| ChongqingChang'anIntelligentIndustrialTechnologyServiceCo.,Ltd | Providinglaborservices | 1,105,193.12 | - |
| ChongqingWanyouChengxingAutomobileSalesandServiceCo.,Ltd | Sellingpartsandprovidinglaborservices | 949,738.94 | - |
| Ya'anWanyouAutoSalesandServiceCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 924,928.43 | 1,523,835.89 |
| ChongqingWanyouXingjianAutoSales&ServiceCo.,Ltd. | Sellingvehiclepartsandprovidinglaborservices | 919,302.67 | 914,070.23 |
| BeijingNorthChangfuAutomobileSalesCo.,Ltd | Sellingcompletevehiclesandprovidinglaborservices | 895,852.60 | - |
| ChinaSouthIndustryGroupFinanceCo.,Ltd. | Providinglaborservices | 747,706.78 | 667,592.00 |
| HarbinDonganAutoEngineCo.,Ltd. | Sellinggoods | 745,500.00 | - |
| PanzhihuaWanyouAutoSales&ServiceCo.,Ltd. | Sellingcompletevehiclesandcomponents | 565,261.39 | 329,795.23 |
| ChongqingChanganMinshengLogisticsCo.,Ltd. | Sellingpartsandprovidinglaborservices | 439,453.69 | 1,389,240.00 |
| ChongqingTsingshanIndustrialCo.,Ltd. | Providinglaborservices | 264,150.94 | 470,541.17 |
| BeijingZhongbingInsuranceBrokerageCo.,Ltd | Providinglaborservices | 228,379.97 | - |
| ChongqingChanganKuayueAutomobileSalesCo.,Ltd. | Sellingparts | 172,047.23 | 129,155.26 |
| ChinaOrdnanceEquipmentGroupCommercialFactoringCo.,Ltd | Providinglaborservices | 141,509.43 | - |
| Relatedparties | Natureofthetransaction | Currentamount | Prior-periodAmount |
| ChengduWanyouTradingCo.,Ltd. | Sellingcompletevehiclesandcomponents | 136,003.77 | 95,348.42 |
| NanjingLingHangTechnologyCo.,Ltd. | Providinglaborservices | 129,618.84 | 850,308.10 |
| TimesChanganPowerBatteryCo.,Ltd. | Providinglaborservices | 112,400.00 | - |
| DaliWanfuAutomobileSalesandServiceCo.,Ltd | Sellingparts | 108,186.19 | 11,752.21 |
| ChenzhiTechnologyCo.,Ltd | Providinglaborservices | 108,018.87 | - |
| HubeiHuazhongChangjiangOptoelectronicsTechnologyCo.,Ltd | Providinglaborservices | 84,905.66 | - |
| SichuanJian'anIndustryCo.,Ltd | Providinglaborservices | 73,962.26 | - |
| ChongqingDajiangGuoliPrecisionMachineryManufacturingCo.,Ltd. | Providinglaborservices | 62,135.77 | 5,757,279.81 |
| LuzhouWanyouAutomobileServiceCo.,Ltd. | Sellingcompletevehiclesandcomponents | 54,476.22 | 592,242.82 |
| ChongqingShangfangAutomotivePartsCo.,Ltd | Sellinggoods | 22,373.31 | - |
| ChinaOrdnanceEquipmentGroupHumanResourcesDevelopmentCenter | Providinglaborservices | 12,452.83 | - |
| Chenzhi(Chongqing)BrakeSystemCo.,Ltd | Providinglaborservices | 9,433.96 | - |
| HubeiXiaoganHuazhongCarLampCo.,Ltd | Providinglaborservices | 9,433.96 | - |
| Avatr(Chongqing)AutomobileSales&ServiceCo.,Ltd | Providinglaborservices | 3,886.80 | 660.38 |
| ChongqingLingchuanAutoPartsManufacturingTechnologyCo.,Ltd. | Providinglaborservices | 2,588.62 | 765,342.53 |
| ChongqingNexteerSteeringSystemCo.,Ltd. | Sellingparts | - | 5,921,500.00 |
| UnitedAutomotiveElectronics(Chongqing)Co.,Ltd | Sellingparts | - | 4,577,309.74 |
| HarbinDonganAutomotiveEngineManufacturingCo.,Ltd. | Sellingparts | - | 1,993,518.61 |
| TiannakLingchuan(Chongqing)exhaustsystemCo.,Ltd | Sellingparts | - | 937,224.65 |
| ChinaChanganAutomobileGroupHefeiInvestmentCo.,Ltd. | Sellingcompletevehicles | - | 201,106.20 |
| HunanTianyanMachineryCo.,Ltd | Providinglaborservices | - | 169,811.32 |
| ChengduHuachuanElectricEquipmentCo.,Ltd. | Sellingcompletevehiclesandprovidinglaborservices | - | 99,293.70 |
| AldFortuneAutoLeasing&Renting(Shanghai)Co.,Ltd. | Providinglaborservices | - | 91,754.87 |
| ChinaChanganAutomobileGroupCo.,Ltd | Providinglaborservices | - | 23,760.00 |
| ChongqingJiansheAutomobileAir-conditionerCo.,Ltd. | Sellingparts | - | 7,964.60 |
| ChinaSouthIndustriesGroupCommercialFactoringCo.,Ltd. | Provideservices | - | 5,913.36 |
| HubeiHuazhongMarelliAutomotiveLightingCo.,Ltd | Sellinggoods | - | 1,313.00 |
| ChongqingWutongChelianTechnologyCo.,Ltd | Sellinggoods | - | 271.68 |
| ZhongqiChuangzhiTechnologyCo.,Ltd | Sellinggoods | - | 0.94 |
| Relatedparties | Natureofthetransaction | Currentamount | Prior-periodAmount |
| Total: | 9,499,911,551.84 | 6,643,841,064.02 | |
(2)Related-partyleasingRentassetstorelatedparties
InRMBYuan
| Lessee | Typeofleasedassets | ReportperiodAmount | SameperiodoflastperiodAmount |
| AldFortuneAutoLeasing&Renting(Shanghai)Co.,Ltd. | Vehicle | 8,597,721.53 | 22,935,079.52 |
| ChongqingChanganMinshengLogisticsCo.Ltd. | Buildingandland | 575,019.02 | 348,266.98 |
| ChongqingWanyouEconomicDevelopmentCo.,Ltd. | Buildingandland | 337,155.96 | 321,100.92 |
| AvatrTechnology(Chongqing)Co.,Ltd. | Vehicle | 145,119.12 | - |
| ChongqingChanganindustry(Group)Co.,Ltd | Building | - | 3,283,373.71 |
| NanjingLingHangTechnologyCo.,Ltd. | Vehicle | - | 2,624,149.56 |
| SouthernInterAirConditioningCo.,Ltd | Vehicle | - | 48,849.56 |
| ChongqingChanganRealEstateDevelopmentCo.,Ltd | Vehicle | - | 24,424.78 |
| Total | 9,655,015.63 | 29,585,245.03 | |
Rentassetsfromrelatedparties
InRMBYuan
| Lessor | Typeofleasedassets | Simplifiedrentalfeesforshort-termleasesandlowvalueassetleases | Variableleasepaymentsnotincludedinthemeasurementofleaseliabilities | Rentpaid | Interestexpensesonleaseliabilitiesassumed | Increasedusagerightsassets | |||||
| ReportperiodAmount | SameperiodoflastperiodAmount | ReportperiodAmount | SameperiodoflastperiodAmount | ReportperiodAmount | SameperiodoflastperiodAmount | ReportperiodAmount | SameperiodoflastperiodAmount | ReportperiodAmount | SameperiodoflastperiodAmount | ||
| ChongqingChanganMinshengLogisticsCo.Ltd. | Warehouse | 13,594,921.94 | 8,133,557.01 | 9,212,947.56 | 8,133,557.01 | ||||||
| ChongqingWanyouZhichengAutomobileSalesandServiceCo.,Ltd | Vehicle | 88,650.00 | - | - | - | ||||||
| ChongqingChanganPropertyManagementCo.,Ltd | Land | - | 2,977,660.00 | - | 2,977,660.00 | ||||||
| Total | 13,683,571.94 | 11,111,217.01 | 9,212,947.56 | 11,111,217.01 | |||||||
(3)OtherrelatedtransactionsIntegratedservicecharges
InRMBYuan
| Relatedparties | Natureofthetransaction | ReportperiodAmount | SameperiodoflastperiodAmount |
| ChongqingChang'anIndustrial(Group)Co.,Ltd | PayElectricityfee | 36,939,118.17 | 37,806,926.34 |
| Total | 36,939,118.17 | 37,806,926.34 | |
Purchaseofprojectmaterials
InRMBYuan
| Relatedparties | ReportperiodAmount | SameperiodoflastperiodAmount |
| ChongqingChanganIntelligentIndustrialTechnologyServiceCo.,Ltd | - | 2,743,362.86 |
| Total | - | 2,743,362.86 |
Staffexpensesfortechnicalsupporting
InRMBYuan
| Relatedparties | ReportperiodAmount | SameperiodoflastperiodAmount |
| ChanganMazdaAutomobileCo.,Ltd | 14,208,018.59 | 9,131,656.92 |
| ChanganFordAutomobileCo.,Ltd | 6,985,634.92 | 5,605,674.97 |
| ChanganMazdaEngineCo.,Ltd. | 6,670,928.95 | 6,703,950.04 |
| ChanganFordNewEnergyVehicleCo.,Ltd. | 3,808,404.04 | - |
| ChongqingChanganCrossingVehicleCo.,Ltd | 1,561,751.27 | 1,212,194.63 |
| JianglingAutomobileCo.,Ltd | 1,029,577.45 | 826,370.83 |
| ChongqingChang'anMinshengLogisticsCo.,Ltd | 557,728.26 | - |
| ChongqingWutongChelianTechnologyCo.,Ltd | 550,738.60 | 208,063.02 |
| TimeFAWPowerBatteryCo.,Ltd | 450,000.00 | - |
| ChongqingAndaSemiconductorCo.,Ltd | 291,666.67 | - |
| JianglingHoldingsLimited | 81,058.58 | 7,343,774.35 |
| AvatrTechnology(Chongqing)Co.,Ltd | - | 682,780.43 |
| ChinaChanganAutomobileGroupCo.,Ltd | - | 169,811.32 |
| ChongqingShangshangAutomotivePartsCo.,Ltd | - | 37,002.00 |
| ChongqingConstructionTransmissionTechnologyCo.,Ltd | - | 27,872.04 |
| ChongqingNaishiteSteeringSystemCo.,Ltd | - | 18,026.66 |
| ChongqingDajiangNationalPrecisionMachineryManufacturingCo.,Ltd | - | 2,520.00 |
| Total | 36,195,507.33 | 31,969,697.21 |
Techonologydevelopmentservicecharges
InRMBYuan
| Relatedparties | ReportperiodAmount | SameperiodoflastperiodAmount |
| JianglingAutomobileCo.,Ltd | 54,439,370.43 | - |
| ChanganMazdaAutomobileCo.,Ltd | 9,055,248.00 | 397,572.54 |
| ChongqingTsingshanIndustrialCo.,Ltd. | 4,277,407.02 | 10,144,721.22 |
| ChanganFordAutomobileCo.,Ltd | 2,153,000.00 | - |
| ChongqingChangxianIntelligentTechnologyCo.,Ltd | 571,900.50 | - |
| WesternCarNetwork(Chongqing)Co.,Ltd | 297,054.72 | - |
| ChongqingwutongChelianTechnologyCo.,Ltd | 126,450.47 | - |
| SichuanNingjiangShanchuanMachineryCo.,Ltd | 122,641.51 | - |
| Total | 71,043,072.65 | 10,542,293.76 |
Collectionoftrademarkuserightsfees
InRMBYuan
| Relatedparties | ReportperiodAmount | SameperiodoflastperiodAmount |
| ChongqingChanganKuayueAutomobileCo.,Ltd. | 4,477,600.00 | 6,009,433.96 |
Relatedpartymonetaryfunds
InRMBYuan
| Relatedparties | EndingAmount | BeginningAmount |
| ChinaSouthIndustriesGroupFinanceCo.,Ltd | 19,949,896,329.93 | 19,926,021,247.02 |
| ChanganAutomobileFinanceCo.,Ltd | 14,990,000,000.00 | 14,990,000,000.00 |
| Total | 34,939,896,329.93 | 34,916,021,247.02 |
Firsthalfof2024,theannualinterestrateofdepositsdepositedwithrelatedpartiesis0.2%-3.5%,andthetermis0-36months.BorrowingLong-termborrowing
InRMBYuan
| Relatedparties | EndingAmount | BeginningAmount |
| ChinaSouthIndustriesGroupFinanceCo.,Ltd | 76,000,000.00 | 76,000,000.00 |
| Total | 76,000,000.00 | 76,000,000.00 |
Interestincomeofdeferredpayment
InRMBYuan
| Relatedparties | ReportperiodAmount | SameperiodoflastperiodAmount |
| JiangsuWanyouAutomobileSalesServiceCo.,Ltd | 88,348.67 | 1,380.53 |
| ChongqingWanyouEconomicDevelopmentCo.,Ltd | 72,585.96 | - |
| GuizhouWanyouAutomobileSalesandServiceCo.,Ltd | 53,243.80 | - |
| ChengduWanyouXiangyuAutomobileSalesand | 41,558.41 | - |
| ServiceCo.,Ltd | ||
| AnhuiWanyouAutomobileSalesandServiceCo.,Ltd | 29,850.44 | - |
| ChengduWanyouAutoTradeServiceCo.,Ltd | 21,363.77 | - |
| ChengduLingchuanAutomotiveFuelTankCo.,Ltd | 17,969.51 | - |
| YunnanWanyouAutomobileSalesandServiceCo.,Ltd | 10,661.28 | - |
| WanyouAutomobileInvestmentCo.,Ltd | 4,141.59 | - |
| Total | 339,723.43 | 1,380.53 |
6.Paymentandreceivablesofrelatedparties
(1)Paymentreceivablesofrelatedlistedcompanies
InRMBYuan
| Items | Relatedparties | Endingbalance | Beginningbalance |
| Notesreceivable | WanyouAutomobileInvestmentCo.,Ltd. | 2,547,150,000.00 | 2,618,900,000.00 |
| Notesreceivable | AvatrTechnology(Chongqing)Co.,Ltd. | 1,502,804,705.57 | 1,162,667,212.07 |
| Notesreceivable | ChongqingChanganKuayueAutomobileSalesCo.,Ltd. | 18,770,000.00 | - |
| Notesreceivable | YunnanWanyouAutoSalesandServiceCo.,Ltd. | 15,000,000.00 | 46,000,000.00 |
| Notesreceivable | ChongqingWanyouEconomicDevelopmentCo.,Ltd. | 13,000,000.00 | 31,000,000.00 |
| Notesreceivable | ChengduWanyouAutoTradeServiceCo.,Ltd. | 11,200,000.00 | 22,500,000.00 |
| Notesreceivable | ChongqingTsingshanIndustrialCo.,Ltd. | 7,545,451.11 | 48,163,692.11 |
| Notesreceivable | GuizhouWanyouAutoSalesandServiceCo.,Ltd. | 3,280,000.00 | 14,200,000.00 |
| Notesreceivable | ChongqingFujiSupplyChainManagementCo.,Ltd | - | 70,015,971.00 |
| Notesreceivable | ChongqingChanganKuayueVehicleCo.,Ltd | - | 37,033,400.00 |
| Notesreceivable | HarbinDonganAutomotiveEngineManufacturingCo.,Ltd. | - | 272,292.05 |
| Subtotal | 4,118,750,156.68 | 4,050,752,567.23 | |
| Accountreceivable | AvatrTechnology(Chongqing)Co.,Ltd. | 548,405,543.30 | 674,602,846.19 |
| Accountreceivable | ChanganMazdaAutomobileCo.,Ltd | 263,911,957.50 | 177,061,948.01 |
| Accountreceivable | PakistanMasterAutomobileCo.,Ltd. | 36,464,365.66 | 16,553,872.36 |
| Accountreceivable | ChongqingChanganKuayueVehicleCo.,Ltd | 16,298,457.21 | 23,099,903.46 |
| Accountreceivable | ChanganMazdaEngineCo.,Ltd. | 7,032,000.00 | 15,886,858.18 |
| Accountreceivable | ChanganFordAutomobileCo.,Ltd. | 4,435,896.87 | 9,976,923.10 |
| Accountreceivable | JianglingHoldingsCo.,Ltd. | 2,947,212.54 | 9,791,503.74 |
| Accountreceivable | ChanganAutoFinanceCo.,Ltd. | 2,599,736.68 | 21,019,909.48 |
| Accountreceivable | ChanganFordNewEnergyVehicleCo.,Ltd. | 1,607,364.58 | - |
| Accountreceivable | AldFortuneAutoLeasing&Renting(Shanghai)Co.,Ltd. | 853,200.00 | 4,300,560.00 |
| Accountreceivable | ChongqingChanganMinshengLogisticsCo.Ltd. | 615,597.74 | 3,269,852.16 |
| Accountreceivable | ChongqingChangxianIntelligentTechnologyCo.,Ltd | 606,214.53 | - |
| Accountreceivable | NanjingLingHangTechnologyCo.,Ltd. | 458,959.44 | 321,563.47 |
| Accountreceivable | ChinaSouthIndustriesGroupFinancialLeasingCo.,Ltd. | 411,813.47 | 5,186,975.56 |
| Accountreceivable | WesternCarNetwork(Chongqing)Co.,Ltd | 314,878.00 | - |
| Accountreceivable | ChongqingAndaSemiconductorCo.,Ltd | 309,166.67 | - |
| Accountreceivable | ChongqingChanganindustry(Group)Co.,Ltd | 192,632.17 | 7,139,838.45 |
| Accountreceivable | ChengduWanyouXiangyuAutomobileSalesandServiceCo.,Ltd | 159,900.00 | 368 |
| Accountreceivable | ChengduWanyouAutoTradeServiceCo.,Ltd. | 135,900.00 | - |
| Accountreceivable | ChongqingwutongChelianTechnologyCo.,Ltd | 134,037.50 | 1,210,700.00 |
| Accountreceivable | TimesChanganPowerBatteryCo.,Ltd. | 119,144.00 | - |
| Accountreceivable | ChenzhiTechnologyCo.,Ltd | 114,500.00 | - |
| Accountreceivable | ChongqingChanganKuayueAutomobileSalesCo.,Ltd. | 51,407.64 | 26,019.30 |
| Accountreceivable | ChongqingTsingshanIndustrialCo.,Ltd. | 40,000.00 | - |
| Accountreceivable | AnhuiWanyouAutomobileSalesandServiceCo.,Ltd | 39,265.70 | - |
| Accountreceivable | ChinaChanganAutomobileGroupTianjinSalesCo.,Ltd. | 31,380.00 | - |
| Accountreceivable | ChengduLingchuanAutomotiveFuelTankCo.,Ltd | 2,743.94 | - |
| Accountreceivable | ChongqingFujiSupplyChainManagementCo.,Ltd | - | 13,934,855.12 |
| Accountreceivable | JiangsuWanyouAutomobileSalesServiceCo.,Ltd | - | 6,117,845.18 |
| Accountreceivable | Chenzhi(Chengdu)IntelligentSuspensionCo.,Ltd | 497,845.97 | |
| Accountreceivable | ChongqingAnfuAutomobileMarketingCo.,Ltd | - | 278,200.00 |
| Accountreceivable | YunnanWanyouAutoSalesandServiceCo.,Ltd. | 121,200.00 | |
| Subtotal | 888,293,275.14 | 990,399,587.73 | |
| Other | ChongqingChanganInnovationPrivate | 68,253,846.00 | - |
| receivable | EquityInvestmentFundPartnershipEnterprise(LimitedPartnership) | ||
| Otherreceivable | ChongqingChangxinZhiqiPrivateEquityInvestmentFundPartnership(LimitedPartnership) | 25,500,000.00 | 25,500,000.00 |
| Otherreceivable | ChongqingChanganKuayueVehicleCo.,Ltd | 3,430,000.00 | - |
| Otherreceivable | ChinaSouthIndustryGroupFinanceCo.,Ltd. | 200,118.29 | - |
| Otherreceivable | ChongqingChanganMinshengLogisticsCo.Ltd. | 84.97 | - |
| Otherreceivable | ChongqingChangyuPrivateEquityInvestmentFundPartnershipEnterprise(LimitedPartnership) | - | 69,600,000.00 |
| Otherreceivable | JianglingHoldingsCo.,Ltd. | - | 70 |
| Subtotal | 97,384,049.26 | 95,100,070.00 | |
| Advancedpayment | HarbinDonganAutoEngineCo.,Ltd. | 842,415.00 | - |
| Advancedpayment | BeijingZhongbingInsuranceBrokerageCo.,Ltd | 242,082.77 | - |
| Advancedpayment | ChongqingWanyouEconomicDevelopmentCo.,Ltd. | 192,590.00 | - |
| Advancedpayment | ChongqingShangfangAutomotivePartsCo.,Ltd | 25,281.84 | - |
| Advancedpayment | ChinaOrdnanceEquipmentGroupHumanResourcesDevelopmentCenter | 13,200.00 | - |
| Advancedpayment | ChongqingWanyouZundaAutomobileSalesandServiceCo.,Ltd | 5,862.00 | - |
| Subtotal | 1,321,431.61 | - | |
(2)Accountspayabletorelatedpartiesoflistedcompanies
InRMBYuan
| Items | Relatedparties | Endingbalance | Beginningbalance |
| Notespayable | JianglingHoldingsCo.,Ltd. | 2,136,874,765.21 | 1,047,608,994.41 |
| Notespayable | ChongqingTsingshanIndustrialCo.,Ltd. | 1,690,409,282.84 | 1,723,679,349.53 |
| Notespayable | ChongqingChanganMinshengLogisticsCo.Ltd. | 404,421,728.79 | 443,503,065.10 |
| Notespayable | ChongqingNexteerSteeringSystemCo.,Ltd. | 344,128,811.22 | 403,879,297.14 |
| Notespayable | ChongqingDajiangTongyangPlasticsCo.,Ltd. | 308,929,970.11 | 241,360,000.00 |
| Notespayable | TimesChanganPowerBatteryCo.,Ltd. | 267,263,260.05 | - |
| Notespayable | HarbinDonganAutomotiveEngineManufacturingCo.,Ltd. | 261,190,000.00 | 234,620,000.00 |
| Notespayable | SouthInterAir-conditionerCo.,Ltd. | 218,167,370.68 | 243,848,518.33 |
| Notespayable | DajiangYappAutomotiveSystemsCo.,Ltd. | 186,280,711.23 | 215,540,000.00 |
| Notes | SichuanNingjiangShanchuanMachineryCo,Ltd. | 173,433,371.73 | 80,902,422.85 |
| payable | |||
| Notespayable | HarbinDonganAutoEngineCo.,Ltd. | 170,000,000.00 | 11,090,000.00 |
| Notespayable | HubeiHuazhongMarelliAutomobileLightingCo.,Ltd. | 140,210,000.00 | 122,400,000.00 |
| Notespayable | CDGMTanakaEnvironmentalCatalystCo.,Ltd. | 127,320,711.30 | 102,880,000.00 |
| Notespayable | GKNHUAYUDrivelineSystems(Chongqing)Co.,Ltd | 120,250,754.61 | 122,855,842.38 |
| Notespayable | CSMFaureciaAutomotivePartsCo.,Ltd. | 116,296,520.81 | 107,251,528.51 |
| Notespayable | ChongqingLingchuanAutoPartsManufacturingTechnologyCo.,Ltd. | 79,480,000.00 | 113,510,000.00 |
| Notespayable | HunanTianyanMachineryCo.,Ltd | 73,850,000.00 | - |
| Notespayable | Chenzhi(Chongqing)BrakeSystemCo.,Ltd | 67,903,664.67 | 73,980,457.72 |
| Notespayable | TiannakLingchuan(Chongqing)exhaustsystemCo.,Ltd | 61,790,000.00 | 44,930,000.00 |
| Notespayable | HubeiXiaoganHuazhongAutomobileLightCo.,Ltd. | 52,210,327.25 | 35,788,907.01 |
| Notespayable | ChongqingShangfangAutomobileFittingsCo.,Ltd. | 46,353,548.24 | 41,023,156.32 |
| Notespayable | ChongqingJiansheAutomobileAir-conditionerCo.,Ltd. | 41,810,000.00 | 14,260,000.00 |
| Notespayable | ChongqingHanonJiansheAutomotiveThermalSystemsCo.,Ltd. | 40,310,000.00 | 77,160,000.00 |
| Notespayable | ChongqingYihongEngineeringPlasticProductsCo.,Ltd. | 29,944,335.73 | 26,870,000.00 |
| Notespayable | ChengduWanyouFilterCo.,Ltd. | 21,370,000.00 | 51,120,000.00 |
| Notespayable | SichuanJian'anIndustrialCo.,Ltd. | 15,820,000.00 | 4,757,300.00 |
| Notespayable | ChongqingConstructionTongdaIndustrialCo.,Ltd. | 15,796,711.86 | 15,579,467.79 |
| Notespayable | ChinaSouthIndustryGroupFinanceCo.,Ltd. | 12,450,000.00 | - |
| Notespayable | ChongqingChangrongMachineryCo.,Ltd. | 9,640,073.64 | 5,667,059.25 |
| Notespayable | ChengduLingchuanVehicleOilTankCo.,Ltd. | 9,520,000.00 | 2,640,000.00 |
| Notespayable | SouthwestOrdnanceIndustryChongqingEnvironmentalProtectionResearchInstituteCo.,Ltd. | 9,074,966.47 | 10,355,405.72 |
| Notespayable | ChengduHuachuanElectricEquipmentCo.,Ltd. | 8,520,000.00 | - |
| Notespayable | LongchangShanchuanPrecisionWeldedTubeCo.,Ltd. | 6,960,000.00 | 6,670,000.00 |
| Notespayable | ChongqingDajiangJiexinForgingCo.,Ltd. | 2,990,000.00 | 340,000.00 |
| Notespayable | ChongqingChanganIntelligentIndustrialTechnologyServiceCo.,Ltd | 1,427,604.24 | - |
| Notespayable | ChongqingQingshanTransmissionSalesCo.,Ltd. | 30,000.00 | - |
| Notespayable | HunanTianyanMachineryCo.,Ltd. | - | 97,750,000.00 |
| Subtotal | 7,272,428,490.68 | 5,723,820,772.06 | |
| Accountpayable | JianglingHoldingsCo.,Ltd. | 1,797,280,504.24 | 1,354,996,530.62 |
| Accountpayable | ChongqingTsingshanIndustrialCo.,Ltd. | 882,955,222.20 | 1,161,486,369.43 |
| Accountpayable | ChongqingNexteerSteeringSystemCo.,Ltd. | 369,590,620.19 | 460,868,914.97 |
| Accountpayable | Chenzhi(Chongqing)BrakeSystemCo.,Ltd | 179,516,185.64 | 146,361,112.11 |
| Accountpayable | HubeiHuazhongMarelliAutomobileLightingCo.,Ltd. | 158,141,385.62 | 304,497,612.19 |
| Accountpayable | DajiangYappAutomotiveSystemsCo.,Ltd. | 145,416,430.04 | 188,849,804.56 |
| Accountpayable | SouthInterAir-conditionerCo.,Ltd. | 140,937,227.43 | 218,167,579.17 |
| Accountpayable | ChongqingDajiangTongyangPlasticsCo.,Ltd. | 129,292,020.43 | 160,704,720.85 |
| Accountpayable | SichuanJian'anIndustrialCo.,Ltd. | 124,200,216.89 | 209,471,637.23 |
| Accountpayable | HarbinDonganAutomotiveEngineManufacturingCo.,Ltd. | 120,799,931.15 | 112,601,705.64 |
| Accountpayable | ChongqingDajiangGuoliPrecisionMachineryManufacturingCo.,Ltd. | 115,836,205.55 | 80,230,007.07 |
| Accountpayable | CDGMTanakaEnvironmentalCatalystCo.,Ltd. | 97,688,910.97 | 288,969,832.65 |
| Accountpayable | LearChangan(Chongqing)AutomotiveSystemCo.,Ltd | 93,683,471.39 | 41,271.92 |
| Accountpayable | CSMFaureciaAutomotivePartsCo.,Ltd. | 92,039,586.13 | 133,412,554.27 |
| Accountpayable | HarbinDonganAutoEngineCo.,Ltd. | 82,578,904.46 | 82,269,854.10 |
| Accountpayable | UnitedAutomotiveElectronics(Chongqing)Co.,Ltd | 63,495,236.60 | 175,204,866.08 |
| Accountpayable | GKNHUAYUDrivelineSystems(Chongqing)Co.,Ltd | 62,988,650.63 | 131,979,852.57 |
| Accountpayable | ChengduHuachuanElectricEquipmentCo.,Ltd. | 56,306,690.89 | 133,533,197.37 |
| Accountpayable | HunanTianyanMachineryCo.,Ltd | 52,385,063.07 | 62,751,647.18 |
| Accountpayable | ChongqingChangrongMachineryCo.,Ltd. | 46,306,272.20 | 53,190,098.24 |
| Accountpayable | SichuanNingjiangShanchuanMachineryCo,Ltd. | 39,620,939.17 | 217,032,427.38 |
| Accountpayable | ChongqingJiansheAutomobileAir-conditionerCo.,Ltd. | 37,332,675.88 | 15,466,830.30 |
| Accountpayable | HubeiXiaoganHuazhongAutomobileLightCo.,Ltd. | 36,104,638.63 | 30,315,072.22 |
| Accountpayable | ChongqingLingchuanAutoPartsManufacturingTechnologyCo.,Ltd. | 34,870,845.88 | 44,644,512.83 |
| Accountpayable | ChongqingChanganMinshengLogisticsCo.Ltd. | 27,430,966.56 | 12,682,710.95 |
| Account | ChongqingShangfangAutomobileFittingsCo.,Ltd. | 27,039,767.01 | 32,922,573.42 |
| payable | |||
| Accountpayable | ChengduWanyouFilterCo.,Ltd. | 21,626,491.55 | 23,915,398.04 |
| Accountpayable | ConstructionIndustryGroup(Yunnan)Co.,Ltd | 20,984,974.87 | 327,412.94 |
| Accountpayable | ChongqingHanonJiansheAutomotiveThermalSystemsCo.,Ltd. | 20,123,010.47 | 5,633,908.16 |
| Accountpayable | ChengduLingchuanVehicleOilTankCo.,Ltd. | 16,119,198.40 | 18,306,736.20 |
| Accountpayable | ChongqingConstructionTongdaIndustrialCo.,Ltd. | 16,079,337.46 | 21,293,902.87 |
| Accountpayable | TiannakLingchuan(Chongqing)exhaustsystemCo.,Ltd | 11,730,407.33 | 93,157.04 |
| Accountpayable | ChongqingWanyouEconomicDevelopmentCo.,Ltd. | 5,049,141.72 | 7,393,900.62 |
| Accountpayable | ChongqingQingshanTransmissionSalesCo.,Ltd. | 4,933,395.59 | 11,834,165.78 |
| Accountpayable | ChongqingYihongEngineeringPlasticProductsCo.,Ltd. | 4,823,040.79 | 22,446,756.72 |
| Accountpayable | ChongqingDajiangJiexinForgingCo.,Ltd. | 4,650,255.00 | 421,518.30 |
| Accountpayable | BeijingWutongChelianTechnologyCo.,Ltd. | 4,582,954.79 | 1,781,815.70 |
| Accountpayable | LongchangShanchuanPrecisionWeldedTubeCo.,Ltd. | 3,062,086.17 | 4,292,608.83 |
| Accountpayable | ChinaChanganAutomobileGroupCo.,Ltd. | 1,954,952.24 | 1,040,003.18 |
| Accountpayable | ChongqingChanganIntelligentIndustrialTechnologyServiceCo.,Ltd | 1,443,978.00 | 1,443,978.00 |
| Accountpayable | AVATR(Chongqing)AutomobileSales&ServiceCo.,Ltd | 1,100,769.80 | 587,070.80 |
| Accountpayable | Chenzhi(Chengdu)IntelligentSuspensionCo.,Ltd | 779,332.12 | 1,220,521.72 |
| Accountpayable | AvatrTechnology(Chongqing)Co.,Ltd | 643,755.00 | 914,385.00 |
| Accountpayable | ChongqingChangxianIntelligentTechnologyCo.,Ltd | 558,742.05 | - |
| Accountpayable | NanyangLidaOptoelectronicsCo.,Ltd | 545,044.95 | - |
| Accountpayable | ChongqingWutongChelianTechnologyCo.,Ltd | 311,014.83 | 3,636,473.60 |
| Accountpayable | ChongqingChanganindustry(Group)Co.,Ltd | 154,239.51 | 601,675.65 |
| Accountpayable | ChengduJialingHuaxiOptical&PrecisionMachineryCo.,Ltd. | 139,598.40 | 242,083.74 |
| Accountpayable | ChongqingJialingYiminSpecialEquipmentCo.,Ltd. | 104,496.50 | 104,496.50 |
| Accountpayable | TimesChanganPowerBatteryCo.,Ltd. | 99,460.00 | 95,181,872.65 |
| Accountpayable | ChongqingJiansheMechanical&ElectricalEquipmentCo.,Ltd. | 94,531.82 | 47,265.91 |
| Accountpayable | ChongqingConstructionIndustry(Group)Co.,Ltd | 90,189.67 | 575,587.79 |
| Account | ChongqingXiyiautomobileconnectingrodCo.,Ltd | 38,422.14 | 38,422.14 |
| payable | |||
| Accountpayable | ChongqingChanganPropertyManagementCo.,Ltd. | 12,402.00 | - |
| Accountpayable | HangzhouCheliziIntelligentTechnologyCo.,Ltd. | 12,350.00 | 12,350.00 |
| Accountpayable | AldFortuneAutoLeasing&Renting(Shanghai)Co.,Ltd. | 11,820.79 | 32,771.36 |
| Accountpayable | ChongqingDajiangYuqiangPlasticCo.,Ltd. | 7,068.48 | 3,588,068.59 |
| Accountpayable | HafeiAutomobileCo.,Ltd | 344.04 | 344.04 |
| Accountpayable | BeijingBeijiMechanicalandElectricalIndustryCo.,Ltd. | - | 141,911.64 |
| Accountpayable | ChengduLingchuanSpecialIndustryCo.,Ltd. | - | 101,585.16 |
| Accountpayable | ChongqingWanyouXingjianAutoSales&ServiceCo.,Ltd. | - | 20,842.80 |
| Subtotal | 5,155,705,375.33 | 6,039,926,286.79 | |
| Contractliabilities | ChengduWanyouXiangyuAutoSalesandServiceCo.,Ltd. | 124,978,443.85 | 110,584,225.04 |
| Contractliabilities | JiangsuWanyouAutomobileSalesServiceCo.,Ltd. | 69,459,070.92 | 26,589,072.67 |
| Contractliabilities | ChongqingWanyouEconomicDevelopmentCo.,Ltd. | 54,366,075.62 | 62,975,674.47 |
| Contractliabilities | GuizhouWanyouAutoSalesandServiceCo.,Ltd. | 35,493,993.56 | 68,070,242.12 |
| Contractliabilities | AnhuiWanyouAutomobileSalesServiceCo.,Ltd. | 26,674,923.57 | 9,994,433.27 |
| Contractliabilities | YunnanWanyouAutoSalesandServiceCo.,Ltd. | 22,211,744.68 | 55,836,423.36 |
| Contractliabilities | WanyouAutomobileInvestmentCo.,Ltd. | 17,659,822.55 | 23,183,182.96 |
| Contractliabilities | ChinaChanganAutomobileGroupTianjinSalesCo.,Ltd. | 7,981,217.13 | 8,118,237.92 |
| Contractliabilities | PakistanMasterAutomobileCo.,Ltd. | 7,326,740.89 | 6,452,463.66 |
| Contractliabilities | NanchangJianglingGroupTianrenAutoPartsCo.,Ltd | 6,854,200.00 | - |
| Contractliabilities | ChongqingFujiSupplyChainManagementCo.,Ltd | 6,467,467.30 | - |
| Contractliabilities | ChengduWanyouAutoTradeServiceCo.,Ltd. | 5,853,128.95 | 16,498,448.61 |
| Contractliabilities | ChanganMazdaEngineCo.,Ltd. | 3,256,185.92 | - |
| Contractliabilities | OrdnanceEquipmentResearchInstituteofChinaOrdnanceEquipmentGroup | 759,366.75 | - |
| Contractliabilities | ChanganAutomobileFinanceCo.,Ltd | 685,200.00 | 606,371.68 |
| Contractliabilities | HafeiAutomobileCo.,Ltd | 471,942.49 | 417,648.22 |
| Contractliabilities | ChengduWanyouAutoSalesandServiceCo.,Ltd. | 275,094.97 | 345,372.38 |
| Contractliabilities | ChongqingChanganMinshengLogisticsCo.Ltd. | 202,904.23 | 271,047.12 |
| Contractliabilities | ChongqingAnfuAutomobileCo.,Ltd. | 178,600.00 | - |
| Contractliabilities | ChongqingWanyouDuchengAutoSalesServiceCo.,Ltd. | 91,336.65 | 207,654.20 |
| Contractliabilities | DaliWanfuAutomobileSalesandServiceCo.,Ltd | 45,130.22 | 46,416.87 |
| Contractliabilities | BeijingNorthChangfuAutomobileSalesCo.,Ltd | 10,000.00 | - |
| Contractliabilities | ChongqingShangfangAutomobileFittingsCo.,Ltd. | 3,980.00 | 3,522.12 |
| Contractliabilities | LuzhouWanyouAutomobileServiceCo.,Ltd. | 121 | 54,775.96 |
| Contractliabilities | ChongqingWanyouZundaAutomobileSales&ServiceCo.,Ltd. | - | 89,057,725.73 |
| Contractliabilities | ChongqingWanyouZhichengAutomobileSalesandServiceCo.,Ltd | - | 9,803,782.94 |
| Contractliabilities | AvatrTechnology(Chongqing)Co.,Ltd | - | 970,882.61 |
| Contractliabilities | Ya'anWanyouAutoSalesandServiceCo.,Ltd. | - | 112,302.96 |
| Contractliabilities | ChongqingWanyouXingjianAutoSales&ServiceCo.,Ltd. | - | 66,275.60 |
| Contractliabilities | BazhongWanyouAutoSales&ServiceCo.,Ltd. | - | 44,625.20 |
| Contractliabilities | PanzhihuaWanyouAutoSales&ServiceCo.,Ltd. | - | 32,689.44 |
| Contractliabilities | ChengduWanyouTradingCo.,Ltd. | - | 15,049.38 |
| Contractliabilities | ChinaChanganAutomobileGroupHefeiInvestmentCo.,Ltd. | - | 9,091.15 |
| Contractliabilities | YunnanWanxingAutoSalesServiceCo.,Ltd. | - | 87.61 |
| Contractliabilities | ChanganFordAutomobileCo.,Ltd. | - | 0.32 |
| Subtotal | 391,306,691.25 | 490,367,725.57 | |
| Otherpayables | ChongqingChanganMinshengLogisticsCo.Ltd. | 647,744,953.55 | 500,998,344.99 |
| Otherpayables | HafeiAutomobileCo.,Ltd | 66,824,300.00 | - |
| Otherpayables | ChinaChanganAutomobileGroupCo.,Ltd. | 9,825,445.99 | - |
| Otherpayables | ChongqingTsingshanIndustrialCo.,Ltd. | 9,240,873.90 | 18,225,258.51 |
| Otherpayables | ChongqingChanganConstructionCo.,Ltd. | 7,762,873.49 | 7,120,158.39 |
| Otherpayables | ChanganReis(Chongqing)RoboticIntelligentEquipmentCo.,Ltd. | 7,439,420.93 | 7,439,420.93 |
| Otherpayables | AldFortuneAutoLeasing&Renting(Shanghai)Co.,Ltd. | 7,088,464.83 | 10,098,882.10 |
| Otherpayables | ChongqingDajiangGuoliPrecisionMachineryManufacturingCo.,Ltd. | 6,015,690.35 | 99,087.65 |
| Otherpayables | SouthwestOrdnanceIndustryChongqingEnvironmentalProtectionResearchInstituteCo.,Ltd. | 5,544,649.34 | 6,567,229.16 |
| Otherpayables | ChongqingWanyouTalentServiceCo.,Ltd | 5,428,594.36 | - |
| Otherpayables | ChongqingChanganPropertyManagementCo.,Ltd. | 4,167,170.61 | 4,291,910.22 |
| Otherpayables | ChongqingWanyouEconomicDevelopmentCo.,Ltd. | 4,097,100.00 | 9,733,185.00 |
| Otherpayables | ChinaChanganAutomobileGroupTianjinSalesCo.,Ltd. | 3,861,800.00 | 4,967,547.10 |
| Otherpayables | JiangsuWanyouAutomobileSalesServiceCo.,Ltd. | 3,632,500.00 | 12,433,698.10 |
| Otherpayables | HubeiHuazhongMarelliAutomobileLightingCo.,Ltd. | 3,085,295.00 | 411,875.16 |
| Otherpayables | ChongqingChanganIntelligentIndustrialTechnologyServiceCo.,Ltd | 2,789,214.26 | 4,000,701.62 |
| Otherpayables | YunnanWanyouAutoSalesandServiceCo.,Ltd. | 2,723,100.00 | 7,847,297.00 |
| Otherpayables | TimesChanganPowerBatteryCo.,Ltd. | 2,181,917.60 | - |
| Otherpayables | SichuanJian'anIndustrialCo.,Ltd. | 2,124,179.80 | 1,670,420.64 |
| Otherpayables | SouthInterAir-conditionerCo.,Ltd. | 1,703,953.02 | 3,885,605.94 |
| Otherpayables | CSMFaureciaAutomotivePartsCo.,Ltd. | 1,408,964.50 | 2,292,829.98 |
| Otherpayables | Chenzhi(Chongqing)BrakeSystemCo.,Ltd | 1,192,027.46 | 81,873.02 |
| Otherpayables | ChengduWanyouAutoTradeServiceCo.,Ltd. | 983,340.00 | 2,041,261.84 |
| Otherpayables | GuizhouWanyouAutoSalesandServiceCo.,Ltd. | 803,436.32 | 4,854,300.00 |
| Otherpayables | ChongqingChanganindustry(Group)Co.,Ltd | 791,056.30 | 875,856.10 |
| Otherpayables | ChengduWanyouXiangyuAutoSalesandServiceCo.,Ltd. | 634,500.00 | 9,558,725.84 |
| Otherpayables | AnhuiWanyouAutomobileSalesServiceCo.,Ltd. | 627,800.00 | 938,180.00 |
| Otherpayables | JianglingHoldingsCo.,Ltd. | 487,269.56 | - |
| Otherpayables | ChongqingSouthwestInspectionandTestingCo.,Ltd | 348,157.54 | - |
| Otherpayables | ChanganFordAutomobileCo.,Ltd. | 315,404.16 | 752,549.61 |
| Otherpayables | AvatrTechnology(Chongqing)Co.,Ltd | 232,238.36 | - |
| Otherpayables | ChongqingWanyouXingjianAutoSales&ServiceCo.,Ltd. | 200,000.00 | 441,740.00 |
| Otherpayables | Ya'anWanyouAutoSalesandServiceCo.,Ltd. | 163,900.00 | 2,100,513.14 |
| Otherpayables | DajiangYappAutomotiveSystemsCo.,Ltd. | 156,286.40 | 17,514.74 |
| Otherpayables | ChongqingWanyouDuchengAutoSalesServiceCo.,Ltd. | 136,100.00 | 737,780.00 |
| Otherpayables | ChengduWanyouFilterCo.,Ltd. | 120,000.00 | 939,532.50 |
| Otherpayables | ChengduWanyouAutoSalesandServiceCo.,Ltd. | 120,000.00 | 3,200,000.00 |
| Otherpayables | ChenzhiTechnologyCo.,Ltd | 107,350.00 | - |
| Otherpayables | SichuanNingjiangShanchuanMachineryCo,Ltd. | 104,511.20 | 84,283.54 |
| Otherpayables | ChongqingWanyouZhichengAutomobileSalesandServiceCo.,Ltd | 100,174.50 | - |
| Otherpayables | GKNHUAYUDrivelineSystems(Chongqing)Co.,Ltd | 68,873.50 | 89,598.75 |
| Otherpayables | ChengduHuachuanElectricEquipmentCo.,Ltd. | 65,356.32 | 237,375.50 |
| Otherpayables | HarbinDonganAutomotiveEngineManufacturingCo.,Ltd. | 45,263.28 | 12,665.04 |
| Otherpayables | HubeiXiaoganHuazhongAutomobileLightCo.,Ltd. | 44,971.36 | - |
| Otherpayables | ChongqingNexteerSteeringSystemCo.,Ltd. | 6,518.69 | 1,238,092.98 |
| Otherpayables | UnitedAutomotiveElectronics(Chongqing)Co.,Ltd | 4,746.00 | 159,089.20 |
| Otherpayables | ChongqingShangfangAutomobileFittingsCo.,Ltd. | 2,457.06 | 215,604.00 |
| Otherpayables | ChongqingChangrongMachineryCo.,Ltd. | 250.59 | 88,358.88 |
| Otherpayables | ChongqingLingchuanAutoPartsManufacturingTechnologyCo.,Ltd. | - | 681,921.10 |
| Otherpayables | CDGMTanakaEnvironmentalCatalystCo.,Ltd. | - | 229,627.31 |
| Otherpayables | LuzhouWanyouAutomobileServiceCo.,Ltd. | - | 221,800.00 |
| Otherpayables | ChongqingWanyouZundaAutomobileSales&ServiceCo.,Ltd. | - | 213,235.41 |
| Otherpayables | BeijingNorthChangfuAutomobileSalesCo.,Ltd | - | 200,000.00 |
| Otherpayables | ChongqingWanyouChengxingAutomobileSalesandServiceCo.,Ltd | - | 120,000.00 |
| Otherpayables | ChongqingDajiangXindaVehiclesSharesCo.,Ltd. | - | 100,000.00 |
| Otherpayables | ChinaOrdnanceNews | - | 44,850.00 |
| Otherpayables | HunanTianyanMachineryCo.,Ltd. | - | 21,696.00 |
| Otherpayables | DaliWanfuAutomobileSalesandServiceCo.,Ltd | - | 1,691.00 |
| Otherpayables | ChongqingConstructionTongdaIndustrialCo.,Ltd. | - | 1,343.94 |
| Otherpayables | ChongqingYihongEngineeringPlasticProductsCo.,Ltd. | - | 159.91 |
| Subtotal | 812,552,450.13 | 632,584,671.84 | |
XV.Share-basedpayments
1.Generalinformation
InRMBYuan
| Grantobjectcategory | Grantincurrentperiod | Exerciserightsincurrentperiod | Unlockincurrentperiod | Loseefficacyincurrentperiod | ||||
| Number | Amount | Number | Amount | Number | Amount | Number | Amount | |
| Staff | 43,135,948.00 | 132,685,226.16 | ||||||
| Total | 43,135,948.00 | 132,685,226.16 | ||||||
2.Equitysettledsharebasedpayment
InRMBYuan
| Determinationmethodoffairvalueofequityinstrumentsonthegrantdate | Marketpricemethodmodelcalculation |
| Basisfordeterminingthenumberofexercisableequityinstruments | Basedonthebestestimateofthenumberofexercisableequityinstruments,therelevantexpensesandcostsarecalculatedaccordingtothefairvalueoftheequityinstrumentsonthegrantdate |
| Cumulativeamountofequitysettledsharebasedpaymentincludedincapitalreserve | 1,192,614,367.92 |
3.Sharebasedpaymentexpensesforcurrentperiod
| Grantobjectcategory | Equitysettledsharebasedpaymentfees | Sharebasedpaymentfeessettledincash |
| Staff | 181,288,200.00 | |
| Total | 181,288,200.00 |
XVI.CommitmentsandContingencies
1.ImportantcommitmentsexistingonthebalancesheetdateContracted,butnotprovidedfor
InRMBYuan
| endingbalance | Beginningbalance | |
| Capitalcommitments | 10,101,161,476.92 | 11,619,677,925.31 |
| Investmentcommitments | 894,050,000.00 | 1,132,500,000.00 |
| Total | 10,995,211,476.92 | 12,752,177,925.31 |
XVII.Eventsafterthebalancesheetdate
NoneXVIII.Otherimportantevents
None
XIX.Notestothemainitemsoftheparentcompany’sfinancialstatements
1.AccountReceivables
(1)Accountsreceivabledisclosedbyaging
InRMBYuan
| Accountreceivableage | Endingbalance | Beginningbalance |
| Lessthan1year(including1year) | 12,185,535,712.57 | 7,757,039,345.74 |
| 1to2years(including2years) | 247,784,277.93 | 4,629,777.82 |
| 2to3years(including3years) | 222,236,659.88 | 713,934,590.78 |
| Over3years | 667,087,783.22 | 172,295,427.89 |
| Subtotal | 13,322,644,433.60 | 8,647,899,142.23 |
| Minus：Provision | 66,499,035.09 | 68,395,117.00 |
| Total | 13,256,145,398.51 | 8,579,504,025.23 |
(2)Accountsreceivableareclassifiedanddisclosedaccordingtothebaddebtprovisionmethod
InRMBYuan
| Item | Endingbalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Individuallyanalyzedforprovision | 12,892,811,222.50 | 96.77 | 37,652,846.20 | 0.29 | 12,855,158,376.30 |
| Accountsreceivableanalyzedasgroupsforprovision | 429,833,211.10 | 3.23 | 28,846,188.89 | 6.71 | 400,987,022.21 |
| Total | 13,322,644,433.60 | 100.00 | 66,499,035.09 | 13,256,145,398.51 | |
InRMBYuan
| Item | Beginningbalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Individuallyanalyzedforprovision | 8,521,036,971.35 | 98.53 | 37,652,846.20 | 0.44 | 8,483,384,125.15 |
| Accountsreceivableanalyzedasgroupsforprovision | 126,862,170.88 | 1.47 | 30,742,270.80 | 24.23 | 96,119,900.08 |
| Total | 8,647,899,142.23 | 100.00 | 68,395,117.00 | 8,579,504,025.23 | |
Provisionforbaddebtsbasedoncreditriskcharacteristics:
InRMBYuan
| Item | Endingbalance | ||
| Estimatedbookbalanceofdefault | Expectedcreditlossrate(%) | Expectedcreditlossfortheentireduration | |
| Within1year(including1year) | 389,060,540.22 | 0.01 | 30,910.34 |
| 1to2years | 9,189,589.19 | 0.16 | 14,272.48 |
| 2to3years | |||
| Morethan3years | 31,583,081.69 | 91.19 | 28,801,006.07 |
| Total | 429,833,211.10 | 28,846,188.89 |
(3)Provisionforbaddebtsaccrued,recoveredorreversedinthisperiod
InRMBYuan
| Items | Beginningbalance | ReportperiodAmount | Endingbalance | |
| Accrual | Withdrawalorreversal | |||
| Individuallyanalyzedforprovision | 37,652,846.20 | 37,652,846.20 | ||
| Accountsreceivableanalyzedasgroupsforprovision | 30,742,270.80 | 1,896,081.91 | 28,846,188.89 | |
| Total | 68,395,117.00 | 1,896,081.91 | 66,499,035.09 | |
(4)AccountsreceivableofthetopfiveendingbalancescollectedbythedebtorAsofJune30,2024,thetopfiveaccountsreceivablehadatotalbalanceof9852015270.32yuan,accountingfor73.95%ofthetotalendingbalanceofaccountsreceivable.
2.Otherreceivables
InRMBYuan
| Items | Endingbalance | Beginningbalance |
| Dividendsreceivable | 22,469,320.00 | |
| Otherreceivables | 439,225,446.87 | 237,247,787.26 |
| Total | 461,694,766.87 | 237,247,787.26 |
(1)Dividendsreceivable
1)Classificationofdividendsreceivable
InRMBYuan
| Items(orinvestedunits) | Endingbalance | Beginningbalance |
| ChongqingChanganKuayueVehicleCo.,Ltd | 3,430,000.00 | |
| ZhongfaLianInvestmentCo.,Ltd | 19,039,320.00 | |
| Total | 22,469,320.00 |
(2)Otherreceivables
1)Disclosurebyaging
InRMBYuan
| Aging | Endingbalance | Beginningbalance |
| Lessthan1year(including1year) | 429,857,858.95 | 231,794,668.72 |
| 1to2years(including2years) | 7,545,438.39 | 3,543,202.13 |
| 2to3years(including3years) | 1,804,946.67 | 1,987,846.67 |
| Over3years | 6,930,932.77 | 6,930,932.77 |
| Subtotal | 446,139,176.78 | 244,256,650.29 |
| Minus：Provision | 6,913,729.91 | 7,008,863.03 |
| Total | 439,225,446.87 | 237,247,787.26 |
2)Classifieddisclosurebasedonbaddebtprovisionmethod
InRMBYuan
| Item | Endingbalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Individuallyanalyzedforprovision | 361,296,709.51 | 80.98 | 6,842,932.77 | 1.89 | 354,453,776.74 |
| Accountsreceivableanalyzedasgroupsforprovision | 84,842,467.27 | 19.02 | 70,797.14 | 0.08 | 84,771,670.13 |
| Total | 446,139,176.78 | 100.00 | 6,913,729.91 | 439,225,446.87 | |
InRMBYuan
| Item | Beginningbalance | ||||
| Bookbalance | Baddebtreserves | Bookvalue | |||
| Amount | Ratio(%) | Amount | Ratio(%) | ||
| Individuallyanalyzedforprovision | 173,323,245.26 | 70.96 | 6,842,932.77 | 3.95 | 166,480,312.49 |
| Accountsreceivableanalyzedasgroupsforprovision | 70,933,405.03 | 29.04 | 165,930.26 | 0.23 | 70,767,474.77 |
| Total | 244,256,650.29 | 100.00 | 7,008,863.03 | 237,247,787.26 | |
3)Provisionforbaddebts
InRMBYuan
| Baddebts | Phase1 | Phase2 | Phase3 | Total |
| Expectedcreditlossforthenext12months | Expectedcreditlossfortheentireduration(nocreditimpairmenthasoccurred) | Expectedcreditlossfortheentireduration(creditimpairmentalreadyoccurred) |
| Endingbalanceofthepreviousyear | 165,930.26 | 6,842,932.77 | 7,008,863.03 | |
| Lastyear'sendingbalanceinthecurrentperiod | ||||
| ——EnteringthePhase2 | ||||
| ——EnteringthePhase3 | ||||
| ——ReturntothePhase2 | ||||
| ——ReturntothePhase1 | ||||
| Provisionforthisperiod | ||||
| Currentperiodreversal | 95,133.12 | 95,133.12 | ||
| Thisperiod'sresale | ||||
| Verificationinthisperiod | ||||
| Otherchanges | ||||
| Endingbalance | 70,797.14 | 6,842,932.77 | 6,913,729.91 |
Thechangesinthebookbalanceofotherreceivablesareasfollows:
InRMBYuan
| Baddebts | Phase1 | Phase2 | Phase3 | Total |
| Expectedcreditlossforthenext12months | Expectedcreditlossfortheentireduration(nocreditimpairmenthasoccurred) | Expectedcreditlossfortheentireduration(creditimpairmentalreadyoccurred) | ||
| Endingbalanceofthepreviousyear | 237,413,717.52 | 6,842,932.77 | 244,256,650.29 | |
| Lastyear'sendingbalanceinthecurrentperiod | ||||
| ——EnteringthePhase2 | ||||
| ——EnteringthePhase3 | ||||
| ——ReturntothePhase2 | ||||
| ——ReturntothePhase1 | ||||
| Newlyaddedinthisperiod | 645,616,722.76 | 645,616,722.76 | ||
| Terminationconfirmationforthisperiod | 443,734,196.27 | 443,734,196.27 | ||
| Otherchanges | ||||
| Endingbalance | 439,296,244.01 | 6,842,932.77 | 446,139,176.78 |
4)Provisionforbaddebtsaccrued,recoveredorreversedinthisperiod
InRMBYuan
| Item | Beginningbalance | Currentperiodchangeamount | Endingbalance | |
| Provision | Withdrawalorreversal | |||
| Individuallyanalyzedforprovision | 6,842,932.77 | 6,842,932.77 | ||
| Accountsreceivableanalyzedas | 165,930.26 | 95,133.12 | 70,797.14 | |
| groupsforprovision | ||||
| Total | 7,008,863.03 | 95,133.12 | 6,913,729.91 |
5)Classificationofotherreceivablesbynatureofpayment
InRMBYuan
| NatureofPayment | Endingbookbalance | Beginningbookbalance |
| Prepaidequityinvestmentfunds | 347,940,427.45 | 109,286,581.45 |
| Reservefund | 13,796,543.91 | 69,048,305.62 |
| Internalcommunication | 6,513,349.29 | 25,410,795.04 |
| Subsidiesreceivable | 31,782,936.00 | |
| Others | 77,888,856.13 | 8,728,032.18 |
| Total | 446,139,176.78 | 244,256,650.29 |
6)OtherreceivableswiththetopfiveendingbalancescollectedbydebtorAsofJune30,2024,thetopfiveendingbalancesofotherreceivablesamountedtoRMB381,521,764.61,accountingfor85.52%ofthetotalendingbalanceofotherreceivables.
3.Long-termequityinvestment
InRMBYuan
| Items | Endingbalance | Beginningbalance | ||||
| Bookbalance | Provisionforimpairment | Bookvalue | Bookbalance | Provisionforimpairment | Bookvalue | |
| Investmentinsubsidiaries | 7,722,549,139.12 | 49,194,195.00 | 7,673,354,944.12 | 7,722,549,139.12 | 49,194,195.00 | 7,673,354,944.12 |
| Investmentinjointventuresandassociates | 12,110,989,687.66 | 12,110,989,687.66 | 11,762,095,077.25 | 11,762,095,077.25 | ||
| Total | 19,833,538,826.78 | 49,194,195.00 | 19,784,344,631.78 | 19,484,644,216.37 | 49,194,195.00 | 19,435,450,021.37 |
(1)Investmentinsubsidiaries
InRMBYuan
| Investee | OpeningBalance | Changesduringreportperiod | EndingBalance | EndingBalanceofprovision | |||
| Addition | reduceinvestment | Provisionforimpairment | Others | ||||
| HefeiChanganAutomobileCo.,Ltd. | 1,535,367,765.23 | 1,535,367,765.23 | |||||
| ChongqingChanganInternationalAutomobileSalesCo.,Ltd. | 1,182,068,581.00 | 1,182,068,581.00 | |||||
| ChongqingChanganKaichengAutomobileTechnologyCo.,Ltd. | 977,793,971.55 | 977,793,971.55 | |||||
| ChongqingChanganLingyaoAutomobileCo.,Ltd. | 594,949,059.30 | 594,949,059.30 | |||||
| NanjingChanganAutomobileCo.,Ltd. | 422,533,259.00 | 422,533,259.00 | |||||
| ChanganAutomobileRussiaCo.,Ltd. | 251,242,589.15 | 251,242,589.15 | |||||
| ChanganUnitedKingdomR&DCenterCo.,Ltd. | 250,093,850.95 | 250,093,850.95 | |||||
| ChanganAutomobileInvestment(Shenzhen)Co.,Ltd | 237,889,511.00 | 237,889,511.00 | |||||
| ChongqingChanganEuropeDesignCenter | 155,469,913.50 | 155,469,913.50 | |||||
| Co.,Ltd. | ||||
| ChongqingChanganAutomobileSoftwareTechnologyCo.,Ltd. | 99,000,000.00 | 99,000,000.00 | ||
| ChongqingChanganTechnologyCo.,Ltd | 90,000,000.00 | 90,000,000.00 | ||
| ChongqingChanganConnectedCarTechnologyCo.,Ltd. | 88,500,000.00 | 88,500,000.00 | ||
| NanjingChanganNewEnergyAutomobileSales&ServiceCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | ||
| ChongqingZhilaidadaoNewEnergyCo.,Ltd | 49,194,195.00 | 49,194,195.00 | 49,194,195.00 | |
| ChongqingChanganAutomobileSupportingServiceCo.,Ltd. | 29,700,000.00 | 29,700,000.00 | ||
| ChongqingChanganXingAutomobileCo.,Ltd | 20,000,000.00 | 20,000,000.00 | ||
| DeepalAutomobileTechnologyCo.,Ltd | 1,655,606,604.29 | 1,655,606,604.29 | ||
| ChanganUnitedStatesR&DCenterCo.,Ltd. | 10,243,460.00 | 10,243,460.00 | ||
| ChongqingChehemeiTechnologyCo.,Ltd. | 10,000,000.00 | 10,000,000.00 | ||
| GuangzhouChanganNewEnergyAutomobileCo.Ltd. | 4,000,000.00 | 4,000,000.00 | ||
| ChongqingChanganSpecialAutomobileCo.,Ltd. | 2,500,000.00 | 2,500,000.00 | ||
| XiamenChanganNewEnergyAutomobileCo.Ltd. | 2,000,000.00 | 2,000,000.00 | ||
| ChongqingAnyiAutomobileTechnicalServiceCo.,Ltd. | 2,000,000.00 | 2,000,000.00 | ||
| ChanganJapanDesigningCenterCo.,Ltd. | 1,396,370.15 | 1,396,370.15 | ||
| BeijingChanganR&DCenterCo.,Ltd. | 1,000,000.00 | 1,000,000.00 | ||
| ChanganAutomobileSoutheastAsiaCo.,Ltd | 3.00 | 3.00 | ||
| ChanganAutomotiveParts(Thailand)Co.,Ltd | 3.00 | 3.00 | ||
| ChanganAutomobileSales(Thailand)Co.,Ltd | 3.00 | 3.00 | ||
| Total | 7,722,549,139.12 | 7,722,549,139.12 | 49,194,195.00 |
(2)Investmentinassociatesandjointventures
InRMBYuan
| Investee | OpeningBalance | Changesduringreportperiod | EndingBalance | Closingbalanceofimpairmentprovision | ||||
| Addition | Investmentincome/lossunderequitymethod | Othercomprehensiveincomeadjustments | Otherequitychanges | Declarethedistributionofcashdividendsorprofits | ||||
| 1.Jointventures | ||||||||
| NanchangJianglingInvestmentCo.,Ltd. | 2,106,206,520.20 | 181,840,492.72 | 2.89 | 2,288,047,015.81 | ||||
| ChanganMazdaAutomobileCo.,Ltd. | 878,239,492.13 | (102,147,632.24) | 776,091,859.89 | |||||
| ChanganMazdaEngineCo.,Ltd. | 805,005,706.40 | 1,138,226.54 | 806,143,932.94 | |||||
| ChanganFordAutomobileCo.,Ltd. | 618,761,192.06 | 618,761,192.06 | ||||||
| Subtotal | 3,789,451,718.73 | 699,592,279.08 | 2.89 | 4,489,044,000.70 | ||||
| 2.Associates | ||||||||
| ChanganAutomobileFinancingCo.,Ltd. | 3,041,392,973.86 | 201,365,024.22 | 3,242,757,998.08 | |||||
| NanjingLeadingEquityInvestmentPartnership(LimitedPartnership) | 2,645,793,326.69 | (7,834,395.32) | 2,637,958,931.37 | |||||
| ZhongqiChuangzhiTechnologyCo.,Ltd. | 448,515,220.54 | (8,958,355.14) | 439,556,865.40 | |||||
| ChongqingChanganKuayueAutomobileCo.,Ltd. | 228,765,251.64 | 2,148,873.70 | (3,430,000.00) | 227,484,125.34 | ||||
| ChongqingChangxinZhiqiPrivateEquityInvestmentFundPartnership(LimitedPartnership) | 204,518,396.38 | 8,011,212.22 | 212,529,608.60 | |||||
| EraChang'anPowerBatteryCo.,Ltd | 132,637,632.28 | (37,137,975.00) | 95,499,657.28 | |||||
| ChongqingChangxian | 103,217,635.38 | 524,784.92 | 103,742,420.30 | |||||
| IntelligentTechnologyCo.,Ltd | |||||||
| ChongqingChanganInnovationPrivateEquityInvestmentFundPartnershipEnterprise(LimitedPartnership) | 70,104,473.99 | 308.14 | 70,104,782.13 | ||||
| ChanganFordNewEnergyVehicleTechnologyCo.,Ltd | 67,713,664.93 | (17,113,068.64) | 50,600,596.29 | ||||
| AnheChongqingDingfengAutomobileContractPrivateEquityInvestmentFund | 61,692,352.41 | 370,450.00 | 62,062,802.41 | ||||
| CoresingSemiconductorTechnologyCo.,Ltd. | 28,502,232.09 | 161,981.13 | 28,664,213.22 | ||||
| NanjingLeadingEquityInvestmentManagementCo.,Ltd. | 1,107,400.12 | (6,888.58) | 1,100,511.54 | ||||
| NanjingChelaiTravelTechnologyCo.,Ltd. | 584,824.65 | (251,725.81) | 333,098.84 | ||||
| AvatrTechnology(Chongqing)Co.,Ltd. | 938,097,973.56 | (561,624,968.82) | (184,358.40) | 3,221,300.64 | 379,509,946.98 | ||
| ChongqingChangyuPrivateEquityInvestmentFundPartnershipEnterprise(LimitedPartnership) | 69,600,000.00 | (578,713.15) | 69,021,286.85 | ||||
| ChongqingChanganKuayueVehicleMarketingCo.,Ltd | 1,018,842.33 | 1,018,842.33 | |||||
| Subtotal | 7,972,643,358.52 | 69,600,000.00 | (419,904,613.80) | (184,358.40) | 3,221,300.64 | (3,430,000.00) | 7,621,945,686.96 |
| Total | 11,762,095,077.25 | 69,600,000.00 | 279,687,665.28 | (184,355.51) | 3,221,300.64 | (3,430,000.00) | 12,110,989,687.66 |
4.Operatingrevenueandcost
InRMBYuan
| Items | Reportperiod | Sameperiodoflastyear | ||
| Revenue | Cost | Revenue | Cost | |
| Mainbusiness | 51,569,910,876.74 | 47,417,805,945.42 | 51,607,236,773.22 | 44,981,068,323.56 |
| Otherbusiness | 3,250,931,919.13 | 1,606,192,812.26 | 2,769,138,423.99 | 1,060,042,185.33 |
| Total | 54,820,842,795.87 | 49,023,998,757.68 | 54,376,375,197.21 | 46,041,110,508.89 |
5.Investmentincome
InRMBYuan
| Items | Currentamount | Prior-periodamount |
| Long-termequityinvestmentlossesaccountedforbythecostmethod | 297,000,000.00 | 544,650,000.00 |
| Long-termequityinvestmentlossesaccountedforbytheequitymethod | 279,687,665.28 | (141,552,078.57) |
| Investmentincomefromdisposaloflong-termequityinvestments | 1.00 | |
| Theinvestmentincomeoffinancialassetheldfortradingduringitsholdingperiod | 1,979,999.95 | 1,406,842.07 |
| Dividendincomefromremaininginvestmentsinotherequityinstruments | 19,039,320.00 | 180,656,814.04 |
| Others | 52,306,889.42 | |
| Total | 650,013,874.65 | 585,161,578.54 |
XX.Additionalinformation
1.Non-recurringprofitandlossstatementofcurrentperiod
InRMBYuan
| Item | Amount | Illustration |
| Non-recurringitemsandamounts | 4,959,452.69 | |
| Governmentsubsidiesincludedintheprofitandlossofthecurrentperiod(Exceptcloselyrelatedtobusinessoperations,inaccordancewiththenationalunifiedstandardquotaorquantitativeenjoymentofgovernmentsubsidies) | 1,470,786,451.16 | |
| Inadditiontotheeffectivehedgingbusinessrelatedtothenormalbusinessofthecompany,thegainsandlossesfromchangesinfairvaluearisingfromtheholdingoftradingfinancialassets,derivativefinancialassets,tradingfinancialliabilities,derivativefinancialliabilities,anddisposaloftransactionalfinancialassets,derivativefinanceInvestmentincomefromassets,tradingfinancialliabilities,derivativefinancialliabilitiesandotherdebtinvestments | (27,836,943.34) | |
| Capitaloccupationfeeschargedtonon-financialenterprisesincludedinthecurrentprofitandloss | 35,416,356.91 | |
| Reversalofimpairmentprovisionforaccountsreceivableseparatelytestedforimpairment | 8,614,937.00 | |
| Othernon-operatingincomeandexpensesotherthantheaboveitems | 27,056,373.59 | |
| Otherprofitandlossitemsthatmeetthedefinitionofnonrecurringgainsandlosses | 215,878,122.13 | |
| Subtotal | 1,734,874,750.14 |
| Subtract:Influencedamountofincometax | 37,405,904.07 | |
| Influencedamountofminorityshareholders’equity(aftertax) | 34,405,791.12 | |
| Total | 1,663,063,054.95 | -- |
2.Returnonequityandearningspershare
| Profitinreportperiod | Weightedaveragereturnonequity（%） | Earningspershare(yuan/share) | |
| BasicEPS | DilutedEPS | ||
| NetprofitbelongingtotheCompany’scommonstockholders | 3.94 | 0.29 | 0.28 |
| NetprofitbelongingtotheCompany’scommonstockholdersafterdeductingnon-recurringprofitandloss | 1.63 | 0.12 | 0.12 |