2016 First Quarter Report
Of
Chongqing Changan Automobile Company Limited
April, 2016
Chapter 1 Important Notes
The Board of Directors, the Supervisory Committee and directors, supervisors and senior management of Chongqing Changan Automobile Company Limited (hereinafter referred to as “the Company”) warrant that this report does not contain any false or misleading statements or omit any material facts and all information set forth herein is true, accurate and complete.
All directors attended the board meeting for reviewing the first quarter report.
Chairman Mr. Xu Liuping, Chief Accountants Mr. Wang Kun and Mr.Hua Zhanbiao guarantee the truthfulness and completeness of the financial statements of the quarter report.
Chapter 2 Changes in Key Financial Data and Shareholders 2.1 Main accounting financial data
During the reporting period the previous financial data whether the retroactive adjustment or restatement□Yes√No
In RMB Yuan
|||||
|-|-|-|-|
|||The same period last|Changed (%)|
||The reporting period|||
|||year||
|Operating income|19,337,756,565.65|18,197,185,337.09|6.27%|
|Net profit attributable to shareholders of|2,673,017,139.39|2,494,491,155.26||
||||7.16%|
|the Company||||
|Net profit excluding non-recurring gains||||
|and losses attributable to shareholders of|2,529,388,182.32|2,349,996,871.48|7.63%|
|listed company||||
|cash flow from operating activities|1,615,418,932.11|2,773,784,253.36|-41.76%|
|Basic earnings per share|0.57|0.53|7.55%|
|Diluted earnings per share|N/A|N/A|N/A|
|Weighted average return on net assets|7.49%|9.28%|-1.79%|
||This reporting period|End of 2015|Changed (%)|
|Total assets|94,787,608,469.12|89,413,988,669.66|6.01%|
|Net assets attributable to shareholders of|37,025,759,117.77|34,385,189,070.36||
||||7.68%|
|listed company||||

Accidental gain/loss item and amount
√ Applicable□ Not applicable
In RMB Yuan
|||||
|-|-|-|-|
|||Amount of the period from the||
||Item|beginning of year to the end of|Explanation|
|||report term||
|Gain/loss of non-current assets||-6,061,812.25||
|Government subsidies accounted into current gain/loss account, other thanthose closely related to the Company’s common business, comply with thenational policy and continues to enjoy at certain fixed rate or amount.||||
|||186,834,715.50||
|Other non-business income and expenditures other than the above||-2,373,865.80||
|Less: Influenced amount of income tax||34,413,043.02||
|Influenced amount of minority shareholders’ equity||357,037.36||
||Total|143,628,957.07||

For theCompany’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
In reporting period, the Company has no particular items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss.
2.2 Total number of shareholders at the end of the report period and statement on shares held by the top ten tradable shareholders
2.2.1 Total number of shareholders at the end of the report period and statement on shares held by the top ten
tradable shareholders
Unit: share
||||||||||
|-|-|-|-|-|-|-|-|-|
|As of the reporting period, the total|Totaled 157,575, of which 138,119 was A share shareholders and 19,456 were B share||||||||
|number of shareholders|shareholders.||||||||
|Top 10 Shareholders|||||||||
||Properties of|Shareholding||Number of|Conditional|Pledging or freezing|||
|Name of the shareholder|||||||||
||shareholder|(%)||shares|shares|Share status||Amount|
|China Changan Automobile Co., Ltd.|State-owned legalperson shares|39.11%||1,823,595,216|373,358,342|No pledge or|||
|||||||||0|
|||||||frozen|||
|China securities finance Co, Ltd|domestic generallegal person shares|2.99%||139,422,848||No pledge or|||
|||||||||0|
|||||||frozen|||
|Central Huijin Investment Ltd.|domestic generallegal person shares|1.19%||55,393,100||No pledge or|||
|||||||||0|
|||||||frozen|||
|United Prosperity Investment Co.,Limited|foreign legalperson shares|0.97%||45,195,100||No pledge or|||
|||||||||0|
|||||||frozen|||
|GIC PRIVATE LIMITED|foreign legalperson shares|0.91%||42,473,436||No pledge or|||
|||||||||0|
|||||||frozen|||
|HTHK-MANULIFE CHINA VALUEFUND|foreign legalperson shares|0.74%||34,519,781||No pledge or|||
|||||||||0|
|||||||frozen|||
|National Social Security Fund-Portfolio 102|domestic generallegal person shares|0.64%||29,999,873||No pledge or|||
|||||||||0|
|||||||frozen|||
|VALUE PARTNERSHIGH-DIVIDEND STOCKS FUNDS|domestic non-statelegal person shares|0.62%||28,823,840||No pledge or|||
|||||||||0|
|||||||frozen|||
|National Social Security Fund-Portfolio 103|domestic generallegal person shares|0.60%||28,099,961||No pledge or|||
|||||||||0|
|||||||frozen|||
|Northeast Securities Co. Ltd.-customer guarantee of securities credittransactions security account|domestic generallegal person shares|0.54%||25,142,323||No pledge or|||
|||||||frozen||0|
|Top 10 holders of unconditional shares|||||||||
||||Amount of shares||Category of shares||||
|Name of the shareholder|||without sales||Category of shares||Amount||
||||restriction||||||
|China Changan Automobile Co., Ltd.|||1,450,236,874||R MB Ordinary share||1,450,236,874||
|China securities finance Co, Ltd|||139,422,848||RMB Ordinary share||139,422,848||
|Central Huijin Investment Ltd.|||55,393,100||RMB Ordinary share||55,393,100||
|United Prosperity Investment Co., Limited|||45,195,100||Domestic listed foreign||45,195,100||
||||||shares||||
|GIC PRIVATE LIMITED|||42,473,436||Domestic listed foreign||42,473,436||
||||||shares||||
|HTHK-MANULIFE CHINA VALUE FUND|||34,519,781||Domestic listed foreign||34,519,781||
||||||shares||||
|National Social Security Fund- Portfolio 102|||29,999,873||RMB Ordinary share||29,999,873||
|VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS|||28,823,840||Domestic listed foreign||28,823,840||
||||||shares||||
|National Social Security Fund- Portfolio 103|||28,099,961||RMB Ordinary share||28,099,961||
|Northeast Securities Co. Ltd.- customer guarantee of securitiescredit transactions security account|||25,142,323||||25,142,323||
||||||RMB Ordinary share||||
||||Among the top 10 shareholders, China Changan Automobile||||||
||||Group Co., Ltd., the controlling shareholder, and its wholly||||||
|Explanation on the relationship and the action alike of above|||owned subsidiary United Prosperity Investment Co., Limited.||||||
|shareholders|||belong to the concerted actor regulated by “Disclosure||||||
||||Administration of Shares Change Information of The Listed||||||
||||Company”.||||||

Whether the company top 10 shareholders of ordinary shares, and the top 10 circulated shareholders agreed on the repurchase transactions during the report period
□Applicable√Not Applicable
2.2.2 Total number of preferred shareholders at the end of the report period and statement on preferred shares held by the top ten tradable shareholders
□Applicable√Not Applicable
Chapter 3 Important Matters
3.1 Significantchanges&reasons in major accounting data, financial indicators
In RMB Yuan
||||||
|-|-|-|-|-|
||Balance Sheet Items|Mar. 31st,2016|Jan. 1st, 2016|Changes (%)|
|1|Accounts receivable|1,269,879,426.54|875,479,556.55|45.05%|
|2|Interest receivable|34,362,686.12|15,295,866.67|124.65%|
|3|Construction project|4,081,505,848.79|3,063,874,006.92|33.21%|
|4|Long-term deferred expenses|13,931,886.95|8,028,811.27|73.52%|
|5|Short-term loan|165,000,000.00|50,000,000.00|230.00%|
|6|Taxes payable|563,955,603.14|356,749,196.49|58.08%|
|7|Interest payable|99,693,000.00|73,458,000.00|35.71%|
|8|Special reserves|31,531,878.26|22,036,479.54|43.09%|
||Income Statement Items|Jan-Mar 2016|Jan-Mar 2015|Changes (%)|
|1|Selling expenses|1,245,628,687.54|904,802,167.72|37.67%|
|2|Financial expenses|-43,658,323.21|-9,831,149.81|-344.08%|
|3|Non-operating expenses|24,603,975.77|2,920,202.20|742.54%|
|4|Income tax|4,952,715.30|110,290,285.35|-95.51%|
|5|Profit for distribution|26,572,240,402.83|17,610,092,975.05|50.89%|
||Cash Flow Statement Items|Jan-Mar 2016|Jan-Mar 2015|Changes (%)|
|1|Net Cash flow generated by businessoperation|1,615,418,932.11|2,773,784,253.36|-41.76%|
|2|Net cash flow generated by investment|-1,046,353,980.69|-530,913,758.99|-97.09%|
|3|Net cash flow generated by financing|123,093,161.14|47,504,723.04|159.12%|
|4|Net increase of cash and cash equivalents|692,249,507.90|2,295,470,823.30|-69.84%|

 As at the end of reporting period, theCompany’s total asset is 94.8 Billion Yuan, with6.01% growth compared with the beginning of the year; the total liability is 58 Billion Yuan, with4.97% growth compared with the beginning of the year; the debt asset ratio is61.18%, which is0.6% lower than that at the beginning of the year. Compared with beginning of the year, the increase of accounts receivable is mainly due to the growth of car sales; the huge increase of interest receivables is mainly due to the interest on deposits of the parent company; the increase of construction project is mainly due to new construction projects for passenger cars this year; the huge increase of long-term deferred expenses is mainly due to the new car extended warranty costs; the huge increase of tax payable is mainly due to the increase of VAT payable and business income taxes; the increase of interest payable is due to the increase of bond interest payable; the huge increase of short-term loan is due to the increasingly borrowing of short-term loans from Boding Changan Bus; the huge increase of special reserve is due to the increase of safety production cost.
During the reporting period, the increase of the selling expenses is due to the increasing of the accrued discount compared with the same period of last year; the significant decrease of financial expenses is mainly caused by the decrease of loan interests from financial institutions; the huge increase of non-operating expense was mainly caused by the loss of fixed assets disposal; the income tax costs substantially reduced mainly due to the increase of deferred income tax assets.
During the reporting period, the cash and cash equivalent reduced by 1.603 billion Yuan, down by69.84% on a year-on-year basis, mainly resulting from the material decrease of net cash flow generated from operating activities. The net cash flow generated from operating activities reduced by 1.158 billion Yuan mainly due to the sales growth rate smaller than that of the purchase of goods, the tax paid in cash and the cash payments to employees. The cash flows from investing activities reduced by 0.515 billion Yuan, adown by97.09% on a year-on-year basis, due to the increase of cash for the purchase of fixed assets, intangible assets and other long-term assets. The net cash flows from financing activities increased by 0.076 billion yuan, a year-on-year increase of159.12%, due to the decrease of cash repayments to the debts, and the increase of other cash related financing activities.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal√Applicable□Not Applicable
On March 7, 2016, the 42nd session of the sixth board of directors approved “On the general election for the seventh board of
directors”, and the company elected Xu Liuping, Zhang Baolin, Zhu Huarong, Zhou Zhiping, Tan Xiaogang, Wang Xiaoxiang, Wang
Kun as the candidate for the seventh session of the board of directors; at the same time, the board of directors nominated Shuai
Tianlong, Liu Jipeng, Li Xiang, Li Qingwen, Tan Xiaosheng, Hu Yu, Pang Yong, and Chen Quanshi as the independent directors
candidate for the seventh session of the board of directors. On March 7, 2016, the 19th session of the sixth board of supervisors reviewed and approved the “On the general election for the seventh board of supervisors”, and the company elected Xiaoyong, Sun Dahong, Zhao Huixia as the candidate for the board of supervisors, and the company workers congress elected Zhang Anguo, Luo Yan as the employee supervisor candidate for the board of supervisors. On March 23, 2016, the company held its first extraordinary general meeting in 2016 and approved “On the general election for the seventh board of directors”, and “On the general election for the seventh board of supervisors”.
On March 30, 2016, the 2nd session of the seventh board of directors approved “The company's stock option incentive plan (Draft) ”, and the incentive plan intended to grant 31.22 million shares of stock options to the incentive objects, accounting for about0.67% of 4.66 billion shares at the signing time for the incentive plan. During the reporting period, the stock options incentive plan and its related matters still waited for the approval from State-owned Assets Supervision and Administration Commission (SASAC) and the approval of the general meeting of shareholders.
On March 30, 2016, the 2nd session of the seventh board of directors approved “The withdrawal of the application documents for 2015 non-public offering of shares”, “The Preplan for 2016 non-public offering of shares" and other related bills. The 2016 non public offering of shares is issued for China Changan Automobile Group Co., Ltd., with the subscription amount of 2 billion yuan. From the end of reporting period to the disclosure date, the withdrawal of the application documents for 2015 non-public offering of shares was approved by the China Securities Regulation Commission (CSRC), and the Preplan for 2016 non-public offering of shares and its related matters acquired the approval from SASAC and the general meeting of shareholders (Bulletin No.-51). The Preplan for 2016 non-public offering of shares and its related matters still needs to acquire the approval from CSRC.
For details, please refer to relevant announcements of tidal wave in the web of www.cninfo.com.cn.
||||
|-|-|-|
|Description of the Important Items|Disclosure Date|Interim reports disclosure Web Query|
|Announcement of the forty-secondmeeting of the sixth board of directors||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.3.8||
|||etin_detail/true/1202028232?announceTime=2016-03-08|
|Announcement of the nineteenth meetingof the sixth board of supervisors||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.3.8||
|||etin_detail/true/1202028234?announceTime=2016-03-08|
|2016 first extraordinary general meetingresolution announcement||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.3.24||
|||etin_detail/true/1202071712?announceTime=2016-03-24|
|Announcement of the second meeting ofthe seventh board of directors||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.3.31||
|||etin_detail/true/1202113167?announceTime=2016-03-31|
|Notice on the risk of non - public offeringof shares in diluted spot returns and themeasures taken to fill|||
|||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.3.31||
|||etin_detail/true/1202113157?announceTime=2016-03-31|
|A signed conditional share subscriptionagreement with China ChanganAutomobile Group Limited by|||
|||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.3.31||
|||etin_detail/true/1202113158?announceTime=2016-03-31|
|Announcement on the stock optionincentive related to the related partytransactions|||
|||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.3.31||
|||etin_detail/true/1202113170?announceTime=2016-03-31|
|Notice on the withdrawal of the applicationfor non - public issuance of shares in 2015||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.3.31||
|||etin_detail/true/1202113155?announceTime=2016-03-31|
|The non-public offering of shares relatedto the related party transactions||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.3.31||
|||etin_detail/true/1202113156?announceTime=2016-03-31|
|Announcement on receiving the approvalnotice of CSRC on ending theadministrative license|||
|||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.4.23||
|||etin_detail/true/1202227166?announceTime=2016-04-23|
|Announcement on receiving the approvalnotice of SASAC on non - public issuanceof shares in 2016|||
|||http://www.cninfo.com.cn/cninfo-new/disclosure/szse_main/bull|
||2016.4.29||
|||etin_detail/true/1202265962?announceTime=2016-04-29|

3.3 Commitments make within the report period or persisted to the period by the Company
or shareholder with over 5 percent shares held
|||||
|-|-|-|-|
|Commitment Item|Promise|Promise content|Performance|
|||1.Will abide by the laws, regulations and rules, to|By the end of reporting term, Limited|
|||perform the legal obligations.2. Held by the original|conditions of the sale of shares of the|
|The commitments of||non-tradable shares from obtaining the right to list and|company held by the shareholders of|
||China Changan|trade date, At least 24 months is not publicly traded or|China Changan 1,913,557,480shares,|
|stock reform||||
|||transferred, The 24 months after the expiration of the|The 1,538,287,238conditions for the|
|||term of, Non-tradable shareholders stock exchange|unlimited sale of shares, The|
|||through the sale of shares, The sale of shares of the|remaining 373,358,342 shares for the|

|||||||||
|-|-|-|-|-|-|-|-|
|||company accounted for the proportion of the total|||limited conditions of the sale of shares,|||
|||number of within 12 months and not more than five|||According to the commitments to the|||
|||percent, In 24 months of no more than ten percent,3.|||management equity incentive plan|||
|||Company in the shares changed after the completion|||implemented after the lifting of|||
|||of According to the national related management|||restrictions on sale. During the|||
|||systems and methods for implementing the|||reporting period, the 2nd session of the|||
|||management equity incentive plan|||seventh board of directors examined|||
||||||and approved the "The company stock|||
||||||option incentive plan (Draft)", and the|||
||||||stock options incentive plan and its|||
||||||related matters still waited for the|||
||||||approval from SASAC and the|||
||||||approval of the general meeting of|||
||||||shareholders.|||
|||order to avoid and eventually solve the possible||||||
|||competition or potential competitors, Better maintain||||||
|||the interests of investors, the company controlling|||The|Harbin HF Automobile Industry||
|Other small||shareholder China Changan commitment: In two|||Group Company Ltd.||at present is still|
|shareholders|China Changan|consecutive years profit of|Harbin HF Automobile||running at a loss, The conditions have|||
|commitment||Industry Group Company Ltd.||With the continuous|not yet reached the profitable for two|||
|||development ability and management level is|||consecutive years.|||
|||improved significantly under the condition of,||||||
|||Proposed that enterprise into the company.||||||

3.4 Forecast of operation performance from Jan.– June of 2016
□Applicable √Not Applicable
3.5 Securities Investment
√Applicable □Non-applicable
|||||||||||
|-|-|-|-|-|-|-|-|-|-|
|||Opening|Opening|Closing|Closing||Gain/loss in|||
|Company|Company|e quity|equity|equity|equity|Closing bookvalue (RMBYuan)|the reporting|Accounting title|Equity|
|name|variety|Holdings|holding ratio|holdings|Holdings||period (RMB||source|
|||(share)|(%)|(share)|（%）||Yuan)|||
|Southwest|Securities|||||||Tradable||
|||17,750,000|0.76%|35,500,000|0.76%|302,105,000|0||Initial investment|
|Securities|Firm|||||||financial assets||
|Total||17,750,000|0.76%|35,500,000|0.76%|302,105,000|0|||

3.6 Derivative Investment
□Applicable√Not Applicable
3.7 Interviews and visits in the reporting period
√Applicable□Not Applicable
||||||
|-|-|-|-|-|
|Date|Manner|Object|Reception object|Content discussed and material offered|
|2016.1.14|On-Site Survey|Institution|First State Investments|For details, see the January 15, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: January 14, 2016 investorrelations activities record sheet|
|2016.1.15|On-Site Survey|Institution|Invesco investment、MacquarieSecurities|For details, see the January 18, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: January 15, 2016 investorrelations activities record sheet|
|2016.1.18|On-Site Survey|Institution|Mingji Investment Company|For details, see the January 19, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: January 18, 2016 investorrelations activities record sheet|
|2016.1.20|On-Site Survey|Institution|CICC 、 Norway's sovereigninvestment funds|For details, see the January 21, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan automobile: January 20 2016 investorrelations activities record sheet|

||||||
|-|-|-|-|-|
|2016.1.21|On-Site Survey|Institution|GuoTaiJunAn.、China UniversalAsset Management 、Ping’anasset management 、 XingyeFund 、 CICC 、 HuarongSecurities、Harvest Fund、ChinaSecurities|For details, see the January 25, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: January 21, 2016 investorrelations activities record sheet|
|2016.1.29|On-Site Survey|Institution|Guotai Junan Securities、Western securities、HuarongSecurities、Tianan Insurance|For details, see the February 15, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: January 29, 2016 investorrelations activities record sheet|
|2016.2.3|On-Site Survey|Institution|Southwest Securities、TiananInsurance、HSBC Jinxin Fund、Nanfang Fund、UBS SDIC|For details, see the February 4, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: February 3, 2016 investorrelations activities record sheet|
|2016.2.19|On-Site Survey|Institution|Yuandian Asset Management、CITICS|For details, see the February 23, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: February 19, 2016 investorrelations activities record sheet|
|2016.2.24|On-Site Survey|Institution|Shanghai Zhengxianginvestment management co.,LTD|For details, see the February 26, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: February 24, 2016 investorrelations activities record sheet|
|2016.2.26|On-Site Survey|Institution|Zeal Asset、The Bank of ChinaAsset Management、YingfengInvestment、Yin Hua Fund,Hong Sang Assets, ICBC CreditSuisse, Jianan Fund, CICC,Guoxin securities|For details, see the March 1, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: February 26, 2016 investorrelations activities record sheet|
|2016.3.2|On-Site Survey|Institution|Ontario Teachers' Pension Plan|For details, see the March 3, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: March 2 ,2016 investorrelations activities record sheet|
|2016.3.3|On-Site Survey|Institution|Xingye General Global,Truvalue Asset Management,Fosun group, China Post Fund,Ping An Securities|For details, see the March 7, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: March 3,2016 investorrelations activities record sheet|
|2016.3.3|On-Site Survey|Institution|Northeast Securities|For details, see the March 7, 2016 Shenzhen stockexchange interactive (http://irm.cninfo.com.cn) on theChangan Automobile: March 3 ,2016 investorrelations activities record sheet|

3.8 Illegal external guarantee
□Applicable√Not Applicable
3.9 Controlling shareholder and its related parties to the listing Corporation's non operating funds
□Applicable√Not Applicable
Chapter 4 Financial Statements
4.1 Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
||||
|-|-|-|
|Account|Ending Balance|Opening Balance|
|Current assets:|||
|Cash|||
||18,717,327,462.55|18,035,109,674.21|
|Notes receivable|||
||22,871,620,405.87|22,683,096,211.46|
|Accounts receivable|||
||1,269,879,426.54|875,479,556.55|
|Prepayments|||
||670,045,561.03|852,071,794.54|
|Interest receivable|||
||34,362,686.12|15,295,866.67|
|Dividend receivable|||
||23,684,883.31|23,684,883.31|
|Other receivables|||
||1,299,731,870.88|1,001,485,245.40|
|Inventories|||
||8,934,950,658.28|8,129,075,131.92|
|Non-current assets within one year|-|-|
|Other current assets|||
||10,476,526.96|8,909,736.44|
|Total current assets|||
||53,832,079,481.54|51,624,208,100.50|
|Non-current assets:||.|
|Available-for-sale financial assets|||
||481,466,274.00|530,811,274.00|
|Held-to-maturity investments|-|-|
|Long-term receivables|-|-|
|Long-term equity investments|||
||17,324,214,367.00|14,906,500,436.50|
|Investment properties|||
||7,953,018.07|8,009,695.96|
|Fixed assets|||
||13,630,448,037.59|13,910,237,530.81|
|Construction in progress|||
||4,081,505,848.79|3,063,874,006.92|
|Construction materials|||
||96,690.75|96,690.75|
|Liquidation of fixed assets|||
||285,633.54|12,412.53|
|Intangible assets|||
||2,974,807,190.90|2,843,331,742.67|
|Development expenditure|||
||1,007,469,133.92|1,093,462,382.64|
|Goodwill|||
||9,804,394.00|9,804,394.00|
|Long-term deferred expenses|||
||13,931,886.95|8,028,811.27|

||||
|-|-|-|
|Deferred tax assets|||
||1,423,546,512.07|1,415,611,191.11|
|Other non-current assets|-|-|
|Total non-current assets|||
||40,955,528,987.58|37,789,780,569.16|
|TOTAL ASSETS|||
||94,787,608,469.12|89,413,988,669.66|
|Current liabilities:|||
|Short-term loans|||
||165,000,000.00|50,000,000.00|
|Notes payable|||
||20,130,081,720.28|18,662,900,601.34|
|Accounts payable|||
||15,768,403,475.73|14,973,826,566.55|
|Advances from customers|||
||7,446,602,252.11|7,326,612,631.20|
|Payroll payable|||
||1,318,753,778.01|1,499,613,879.78|
|Taxes payable|||
||563,955,603.14|356,749,196.49|
|Interest payables|||
||99,693,000.00|73,458,000.00|
|Dividend payables|||
||79,742.80|79,742.80|
|Other payables|||
||1,854,709,430.09|1,762,874,858.05|
|Non-current liabilities within one year|-|-|
|Other current liabilities|||
||3,706,002,148.01|3,930,898,961.15|
|Total current liabilities|||
||51,053,281,150.17|48,637,014,437.36|
|Non-current liabilities:|||
|Long-term loans|-|-|
|Bonds payable|||
||1,976,082,079.84|1,975,102,599.85|
|long-term payable|-|-|
|Long-term employee benefit payables|||
||124,128,324.01|106,622,000.00|
|Special payables|||
||158,587,617.76|164,121,780.05|
|Provisions|||
||1,993,466,501.90|1,641,676,220.15|
|Deferred Revenue|||
||2,637,398,014.38|2,666,543,408.82|
|Deferred tax liabilities|||
||43,255,135.73|49,285,500.00|
|Other non-current liabilities|-|-|
|Total non-current liabilities|||
||6,932,917,673.62|6,603,351,508.87|
|Total liabilities|||
||57,986,198,823.79|55,240,365,946.23|
|Owners’ equity (or Shareholders’ equity):|||
|Paid up capital (or Share capital)|||
||4,662,886,108.00|4,662,886,108.00|
|Capital reserves|||
||3,227,489,320.83|3,227,489,320.83|
|Less: Treasury shares|-|-|
|Other consolidated income|||
||200,168,353.85|242,110,844.54|

||||
|-|-|-|
|Special reserves|||
||31,531,878.26|22,036,479.54|
|Surplus reserves|||
||2,331,443,054.00|2,331,443,054.00|
|General reserve|-|-|
|Retained earnings|||
||26,572,240,402.83|23,899,223,263.45|
|Equity attributable to owners|||
||37,025,759,117.77|34,385,189,070.36|
|Minority interests|||
||-224,349,472.44|-211,566,346.93|
|Total Owners’ equity (or Shareholders’ equity)|||
||36,801,409,645.33|34,173,622,723.43|
|Liabilities and owners' equity (or shareholders' equity) in total|||
||94,787,608,469.12|89,413,988,669.66|

 4.2 Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
||||
|-|-|-|
|Account|Ending Balance|Opening Balance|
|Current assets:|||
|Cash|17,548,639,510.70|17,223,403,333.90|
|Notes receivable|22,543,685,684.00|22,362,236,477.47|
|Accounts receivable|4,043,033,087.05|3,395,349,268.28|
|Prepayments|528,264,820.60|671,459,087.20|
|Interest receivable|34,362,686.12|15,295,866.67|
|Dividend receivable|23,684,883.31|23,684,883.31|
|Other receivables|1,124,614,054.64|1,020,947,609.25|
|Inventories|7,946,404,860.98|7,034,843,877.19|
|Other current assets|-|-|
|Total current assets|53,792,689,587.40|51,747,220,403.27|
|Non-current assets:|||
|Available-for-sale financial assets|481,466,274.00|530,811,274.00|
|Held-to-maturity investments|-|-|
|Long-term receivables|-|-|
|Long-term equity investments|18,652,354,192.33|16,234,640,261.83|
|Investment properties|-|-|
|Fixed assets|11,312,775,724.80|11,439,456,287.51|
|Construction in progress|3,659,285,774.72|2,694,046,285.96|
|Construction materials|96,690.75|96,690.75|
|Intangible assets|2,688,113,234.63|2,549,877,967.28|
|Development expenditure|832,576,731.17|973,680,610.53|
|Goodwill|-|-|
|Long-term deferred expenses|12,864,636.00|5,734,664.00|
|Deferred tax assets|1,361,226,868.56|1,311,976,033.85|
|Other non-current assets|184,595,895.00|184,595,895.00|
|Total non-current assets|39,185,356,021.96|35,924,915,970.71|

||||
|-|-|-|
|TOTAL ASSETS|92,978,045,609.36|87,672,136,373.98|
|Current liabilities:|||
|Short-term loans|-|-|
|Notes payable|19,369,539,995.38|17,867,862,639.24|
|Accounts payable|13,483,561,573.01|12,261,927,977.59|
|Advances from customers|7,451,588,652.06|7,244,681,597.34|
|Payroll payable|1,202,343,360.43|1,340,616,604.42|
|Taxes payable|814,980,465.98|685,518,624.02|
|Interest payable|99,693,000.00|73,458,000.00|
|Dividend payable|-|-|
|Other payables|1,440,807,318.33|1,715,127,488.12|
|Non-current liabilities within one year|-|-|
|Other current liabilities|3,485,869,625.35|3,751,184,504.59|
|Total current liabilities|47,348,383,990.54|44,940,377,435.32|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|1,976,082,079.84|1,975,102,599.85|
|Long-term payanles|-|-|
|Long-term employee benefit payables|95,439,110.72|87,565,000.00|
|Special payables|103,228,369.52|103,856,111.50|
|Provisions|1,840,497,262.03|1,610,185,432.44|
|Deferred Revenue|2,191,938,201.82|2,212,002,396.55|
|Deferred tax liabilities|41,883,750.00|49,285,500.00|
|Other non-current liabilities|-|-|
|Total non-current liabilities|6,249,068,773.93|6,037,997,040.34|
|Total liabilities|53,597,452,764.47|50,978,374,475.66|
|Owners’ equity (or Shareholders’ equity):|||
|Paid up capital (or Share capital)|4,662,886,108.00|4,662,886,108.00|
|Capital reserves|2,831,662,835.16|2,831,662,835.16|
|Less: Treasury shares|-|-|
|Other consolidated income|239,835,531.91|281,190,781.91|
|Special reserves|19,581,432.14|12,723,372.00|
|Surplus reserves|2,331,443,054.00|2,331,443,054.00|
|General reserve|29,295,183,883.68|26,573,855,747.25|
|Foreign currency reserve|39,380,592,844.89|36,693,761,898.32|
|TOTAL LIABILITIES AND OWNERS ’|||
||92,978,045,609.36|87,672,136,373.98|
|EQUITY( OR SHAREHOLDERS’ EQUITY)|||

4.3 Consolidated Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
|||||||
|-|-|-|-|-|-|
||Account||Current Period||Prior Period|
||I. Total operating revenue||19,337,756,565.65||18,197,185,337.09|
||Including: operating revenue||19,001,051,834.52||17,932,804,269.75|
||II. Total operating cost||19,268,801,804.42||18,110,329,632.78|
||Including: Operating cost||16,274,941,124.73||15,455,790,245.73|
||Business tax and surcharges||878,762,709.46||862,134,686.68|
||Operating expenses||1,245,628,687.54||904,802,167.72|
||General and administrative expenses||906,143,346.43||897,295,094.06|
||Financial expenses||-43,658,323.21||-9,831,149.81|
||Impairment loss on assets||6,984,259.47||138,588.40|
||Add: Profit and loss from fair value changes (‘-‘ represent loss)||-||-|
||Investment income (‘-‘ represent loss)||2,417,713,930.50||2,321,428,518.93|
||Including: Investment income from associates and from joint venture||2,417,713,930.50||2,321,428,518.93|
||III. Operating profit (‘-’ represent loss)||2,486,668,691.73||2,408,284,223.24|
||Add: Non-operating income||203,122,013.22||183,195,663.93|
||Less: Non-operating expenses||24,603,975.77||2,920,202.20|
||Including: loss on disposal of non-current assets||5,969,162.67||2,328,357.86|
||IV. Total profit(‘-’ represent loss)||2,665,186,729.18||2,588,559,684.97|
||Less: Income tax expense||4,952,715.30||110,290,285.35|
||V. Net profit (‘-’ represent net loss)||2,660,234,013.88||2,478,269,399.62|
|Net profit attributable to owners||2,673,017,139.39||2,494,491,155.26||
||Minority interests||-12,783,125.51||-16,221,755.64|
||VI. Earnings per share:||-||-|
||I) Basic earnings per share||2,660,234,013.88||2,478,269,399.62|
||II) Diluted earnings per share||2,673,017,139.39||2,494,491,155.26|
||VII. Other comprehensive income||-12,783,125.51||-16,221,755.64|
||VIII. Total comprehensive income|||||
||Total comprehensive income attributable to owners||0.57||0.53|
||Total comprehensive income attributable to minority interest||不适用||不适用|

4.4 Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
||||
|-|-|-|
|Account|Current Period|Prior Perid|
|I. Operating revenue|18,708,427,128.79|18,072,108,418.41|
|Less: Operating cost|15,913,768,734.07|15,567,957,070.56|
|Business tax and surcharges|807,178,522.27|789,943,702.12|
|Operating expenses|1,154,216,546.29|822,964,978.40|
|General and administrative expenses|752,849,402.16|758,285,096.77|
|Financial expenses|-37,401,767.97|-6,022,146.20|
|Impairment loss on assets|2,278,397.46|138,588.40|
|Add: Profit and loss from fair value Changes (‘-’ represent loss)|-|-|
|Investment income (‘-’ represent loss)|2,419,554,705.50|2,321,428,518.93|
|Including: Investment income from associates and from joint venture|2,417,713,930.50|2,321,428,518.93|
|II. Operating profit (‘-’ represent loss)|2,535,092,000.01|2,460,269,647.29|
|Add: Non-operating income|190,290,365.04|161,996,478.10|
|Less: Non-operating expenses|20,997,835.55|2,600,739.31|
|Including: loss on disposal of non-current assets|2,574,926.45|2,049,321.27|
|III. Total profit(‘-’ represent loss)|2,704,384,529.50|2,619,665,386.08|
|Less: Non-operating expenses|-16,943,606.93|94,405,465.58|
|IV. Net profit (‘-’ represent net loss)|2,721,328,136.43|2,525,259,920.50|
|VI. Other comprehensive income|-|-|
|VII. Total comprehensive income|2,721,328,136.43|2,525,259,920.50|
|V. Earnings per share:|||
|I) Basic earnings per share|0.58|0.54|
|II) Diluted earnings per share|不适用|不适用|

 4.5 Consolidated Cash Flow Statement from the beginning of year to the end of report term.
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
||||
|-|-|-|
|Account|Current Period|Prior Perid|
|I. CASH FLOWS FROM OPERATING ACTIVITIES:|||
|Cash received from sale of goods or rendering of services|20,795,370,881.16|17,381,085,430.68|
|Refunds of taxes|97,491,096.85|42,093,983.86|
|Cash received relating to other operating activities|555,567,965.52|175,255,971.54|
|Sub-total of cash inflows|21,448,429,943.53|17,598,435,386.08|
|Cash paid for goods and services|14,340,956,800.90|10,255,698,680.16|
|Cash paid to and on behalf of employees|2,012,301,025.20|1,705,646,117.44|
|Cash paid for all types of taxes|1,774,832,778.46|1,648,207,479.16|

||||
|-|-|-|
|Cash paid relating to other operating activities|1,704,920,406.86|1,215,098,855.96|
|Sub-total of cash outflows|19,833,011,011.42|14,824,651,132.72|
|Net cash flows from operating activities|1,615,418,932.11|2,773,784,253.36|
|II. CASH FLOWS FROM INVESTING ACTIVITIES:|||
|Net cash received from disposal of fixed assets, intangible assets and other|||
||57,227.53|502,729.67|
|long-term assets|||
|Cash received relating to other investing activities|-|380,000.00|
|Sub-total of cash inflows|57,227.53|882,729.67|
|Cash paid for acquisition of fixed assets, intangible assets and other|||
||1,046,411,208.22|531,734,753.40|
|long-term assets|||
|Cash paid for acquisition of investments|-|16,735.26|
|Cash paid relating to other investing activities|-|45,000.00|
|Sub-total of cash outflows|1,046,411,208.22|531,796,488.66|
|Net cash flows from investing activities|-1,046,353,980.69|-530,913,758.99|
|III. CASH FLOWS FROM FINANCING ACTIVITIES:|||
|Cash received from borrowings|115,000,000.00|60,000,000.00|
|Cash received relating to other financing activities|31,766,793.24|77,956,494.33|
|Sub-total of cash inflows|146,766,793.24|137,956,494.33|
|Cash repayments of borrowings|-|60,000,000.00|
|Cash paid for distribution of dividends or profits and interest expenses|1,938,558.42|522,633.34|
|Cash paid relating to other financing activities|21,735,073.68|29,929,137.95|
|Sub-total of cash outflows|23,673,632.10|90,451,771.29|
|Net cash flows from financing activities|123,093,161.14|47,504,723.04|
|IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH|91,395.34|5,095,605.89|
|V. NET INCREASE IN CASH AND CASH EQUIVALENTS|692,249,507.90|2,295,470,823.30|
|Add: Opening balance of cash and cash equivalents|-|-|
|VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT|692,249,507.90|2,295,470,823.30|

 4.6 Cash Flow Statement from the beginning of year to the end of report term.
Prepared by: Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
||||
|-|-|-|
|Account|Current Period|Prior Perid|
|I. CASH FLOWS FROM OPERATING ACTIVITIES:|||

|||||
|-|-|-|-|
||Cash received from sale of goods or rendering of services|19,763,794,780.34|16,693,919,274.93|
||Refunds of taxes|50,000,000.00|-|
||Cash received relating to other operating activities|294,545,645.18|158,127,825.48|
||Sub-total of cash inflows|20,108,340,425.52|16,852,047,100.41|
||Cash paid for goods and services|13,855,112,175.44|10,051,876,365.65|
||Cash paid to and on behalf of employees|1,656,501,846.98|1,427,856,381.76|
||Cash paid for all types of taxes|1,653,469,804.23|1,543,448,015.36|
||Cash paid relating to other operating activities|1,638,939,812.20|1,129,574,904.09|
||Sub-total of cash outflows|18,804,023,638.85|14,152,755,666.86|
||Net cash flows from operating activities|1,304,316,786.67|2,699,291,433.55|
||II. CASH FLOWS FROM INVESTING ACTIVITIES:|||
||Cash received from disposal of investments|-|-|
||Cash received from return on investments|1,840,775.00|-|
||Net cash received from disposal of fixed assets, intangible assets and other|||
|||25,227.53|70,031,309.30|
||long-term assets|||
||Cash received from disposal of subsidiary and other business units|-|-|
||Cash received relating to other investing activities|50,000,000.00|-|
||Sub-total of cash inflows|51,866,002.53|70,031,309.30|
|Cash paid for acquisition of fixed assets, intangible assets and otherlong-term assets||||
|||980,946,612.40|488,537,412.11|
||Cash paid for acquisition of investments|-|16,735.26|
||Cash paid for acquisition of subsidiary and other business units|-|-|
||Cash paid relating to other investing activities|50,000,000.00|-|
||Sub-total of cash outflows|1,030,946,612.40|488,554,147.37|
||Net cash flows from investing activities|-979,080,609.87|-418,522,838.07|
||III. CASH FLOWS FROM FINANCING ACTIVITIES:|||
||Cash received from absorbing investment|-|-|
||Cash received from borrowings|-|-|
||Cash received from issuing bond|-|-|
||Cash received relating to other financing activities|-|-|
||Sub-total of cash inflows|-|-|
||Cash repayments of borrowings|-|-|
||Cash paid for distribution of dividends or profits and interest expenses|-|-|

||||
|-|-|-|
|Cash paid relating to other financing activities|-|-|
|Sub-total of cash outflows|-|-|
|Net cash flows from financing activities|-|-|
|IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH|-|-|
|V. NET INCREASE IN CASH AND CASH EQUIVALENTS|325,236,176.80|2,280,768,595.48|
|Add: Opening balance of cash and cash equivalents|||
|VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT|325,236,176.80|2,280,768,595.48|

 4.7Auditors’Report Auditing Opinion: Unaudited