2017 Third Quarter Report
Of
Chongqing Changan Automobile Company Limited
October, 2017
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”) hereby guarantee that no false or misleading statement or major omission was made to the materials in this report and that they will assume all the responsibilities, individually and jointly, for the truthfulness, accuracy and completeness of the contents of this report.
All directors attended the board meeting for reviewing the third quarter report.
The Chairman of the Board Zhang Baolin, the Chief Financial Officer Wang Kun and the responsible person of the accounting institution (Accountant in charge) Mr. Chen Jianfeng guarantee the truthfulness, accuracy and completeness of the financial statements of the quarter report.
The report shall be presented in both Chinese and English, and should there be any conflicting understanding of the text, the Chinese version shall prevail.
Chapter 2 Basic Information
1. Main accounting data and financial indicators
Does the company conduct the retrospective adjustment or restatement of previous years accounting data due to changes in accounting policies or accounting errors?
□Yes√No
RMB Yuan
||||||
|-|-|-|-|-|
|||||Increase/decrease|
||2017.9.30|2016.12.31|||
|||||(%)|
|Total asset|104,378,966,918.19|106,510,473,733.93||-2.00%|
|Net asset attributable to the|46,337,877,033.36||||
|||43,573,812,403.87||6.34%|
|shareholders of the listed company|||||
|||Changes of Reporting||Changes of Reporting|
||Jul-Sep. 2017|Period in the same|Jan.-Sep. 2017|Period in the same|
|||Period last year （％）||Period last year （％）|
|Operation total income|17,875,967,836.92|0.40%|51,431,180,946.38|-4.06%|
|Net profit attributable to|1,190,050,794.41||5,810,596,533.93||
|||-47.07%||-24.92%|
|shareholders of the listed company|||||
|Net profit attributable to the|1,073,458,948.50||4,638,654,413.67|-36.25%|
|shareholders of the listed company|||||
|||-51.74%|||
|after deducting of non-recurring|||||
|gain/loss|||||
|Net cash flow generated by business|╱||747,699,887.02||
|||╱||-88.48%|
|operation|||||
|Basic earnings per share|0.25|-47.92%|1.21|-27.11%|
|Diluted earnings per share|0.25|-47.92%|1.21|-27.11%|
|Return rate on net assets|2.60%|Down 3.33%|12.93%|Down 8.15%|

 Accidental gain/loss item and amount
√ Applicable□ Not applicable
In RMB Yuan
||||
|-|-|-|
|||Amount of the period from the beginning of year|
||Item||
|||to the end of report term|
|Gain/loss of non-current assets (including the writeoff part of theimpairment provision for the provision of assets)|||
|||7,924,271.06|
|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|||
|||1,244,863,738.48|
|Other non-business income and expenditures other than the above||99,900,096.25|
|Less: Influenced amount of income tax||79,153,867.72|
|Influenced amount of minority shareholders’ equity||101,592,117.81|
||Total|1,171,942,120.26|

 According to “Public offering of securities information disclosure of the company's information disclosure announcement No. 1– non-recurring gains and losses “Public offering of securities information disclosure of the company's information disclosure announcement No. 1– non-recurring gains and losses” defined non-recurring items ,and Public offering of securities information disclosure of the company's information disclosure announcement No. 1 - non-recurring gains and losses “The items listed in the non-recurring items defined as recurring items shall be explained .
□ Applicable√Not applicable
The company in the reporting period does not base on the definition and listing of “Public offering of securities information disclosure of the company's information disclosure announcement No. 1– non-recurring gains and losses” about non-recurring gains
and losses to define a case of recurring profit or loss.
2. Total number of shareholders at the end of the reporting period and statement on shares held by the top
ten shareholders
2.1 Total number of shareholders at the end of the reporting period and statement on shares held by the top ten shareholders
Unit: share
||||||||||
|-|-|-|-|-|-|-|-|-|
|As of the reporting period, the total|Total number 196,960, of which 167,836 were A share shareholders and 29,124 were B share||||||||
|number of shareholders|shareholders.||||||||
|Top 10 Shareholders|||||||||
||Nature 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|40.88||1,963,357,619|139,762,403|No pledge or|||
|||||||||-|
|||||||frozen|||
|China securities finance Co, Ltd|domestic generallegal person shares|2.97||142,671,560||No pledge or|||
|||||||||-|
|||||||frozen|||
|United Prosperity Investment Co.,Limited|foreign legalperson shares|1.95||93,416,043||No pledge or|||
|||||||||-|
|||||||frozen|||
|GIC PRIVATE LIMITED|foreign legalperson shares|1.86||89,325,104||No pledge or|||
|||||||||-|
|||||||frozen|||
|Central Huijin Investment Ltd.|domestic generallegal person shares|1.15||55,393,100||No pledge or|||
|||||||||-|
|||||||frozen|||
|National Social Security Fund-Portfolio 102|fund, financeproducts, etc.|0.89||42,607,294||No pledge or|||
|||||||||-|
|||||||frozen|||
|VALUE PARTNERSHIGH-DIVIDEND STOCKS FUNDS|foreign legalperson shares|0.81||38,911,038||No pledge or|||
|||||||||-|
|||||||frozen|||
|Anbang AM-China Merchants Bank-Anbang Asset -Win - win No. 3 AMProduct|fund, financeproducts, etc.|0.67||32,070,942|||||
|||||||No pledge or|||
|||||||||-|
|||||||frozen|||
|Anbang AM-China Merchants Bank-Anbang Asset -Refined Mix No. 5 AMProduct|fund, financeproducts, etc.|0.65||31,082,094|||||
|||||||No pledge or|||
|||||||||-|
|||||||frozen|||
|Monetary Authority of Singapore|foreign legalperson shares|0.58||27,816,295||No pledge or|||
|||||||||-|
|||||||frozen|||
|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.|||1,823,595,216||R MB Ordinary share||1,823,595,216||
|China securities finance Co, Ltd|||142,671,560||RMB Ordinary share||142,671,560||
|United Prosperity Investment Co., Limited|||93,416,043||Domestic listed foreign||93,416,043||
||||||shares||||
|GIC PRIVATE LIMITED|||89,325,104||Domestic listed foreign||89,325,104||
||||||shares||||
|Central Huijin Investment Ltd.|||55,393,100||RMB Ordinary share||55,393,100||
|National Social Security Fund- Portfolio 102|||42,607,294||RMB Ordinary share||42,607,294||
|VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS|||38,911,038||Domestic listed foreign||38,911,038||
||||||shares||||
|Anbang AM-China Merchants Bank- Anbang Asset -Win - winNo. 3 AM Product|||32,070,942||||32,070,942||
||||||RMB Ordinary share||||
|Anbang AM-China Merchants Bank- Anbang Asset -Refined MixNo. 5 AM Product|||31,082,094||||31,082,094||
||||||RMB Ordinary share||||
|Monetary Authority of Singapore|||27,816,295||Domestic listed foreign||27,816,295||
||||||shares||||
||||Among the top 10 shareholders, China Changan Automobile||||||
|Explanation on the relationship and the action alike of above|||||||||
||||Group Co., Ltd., the controlling shareholder, and its wholly||||||
|shareholders|||||||||
||||owned subsidiary United Prosperity (Hong Kong) Investment||||||

||
|-|
|Co., Limited. belong to the concerted actor regulated by|
|“Disclosure Administration of Shares Change Information of The|
|Listed Company”.|

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
The top 10 shareholders of ordinary shares, and the top 10 circulated shareholders have not agreed on the repurchase transactions during the report period
2.2 Total number of preferred shareholders at the end of the reporting period and statement on preferred shares held by the top ten preferred shareholders
□Applicable√Not Applicable
Chapter 3 Important Matters
3.1 Significant changes& reasons in major accounting data, financial indicators
√Applicable□Not Applicable
In RMB Yuan
|||||||||
|-|-|-|-|-|-|-|-|
|Sequence|Balance Sheet Items|September. 30st,2017||Jan. 1st, 2017||Changes (%)||
|1|Accounts receivable||1,996,493,767.72||1,498,837,041.54|33.20%||
|2|Prepayment||1,832,125,076.29||1,060,809,892.75|72.71%||
|3|Inventory||9,876,174,546.32||7,304,106,822.61|35.21%||
|4|Other current-asset||1,912,768,734.40||926,060,330.87|106.55%||
|5|Payroll payable||984,441,053.95||1,839,947,475.23|-46.50%||
|6|Non-current liabilities due withinone-year|||||-99.34%||
||||13,151,946.67||1,992,341,127.81|||
||Income Statement Items|Jan-Sep 2017||Jan-Sep 2016||Changes (%)||
|7|Operating expenses|2,350,906,633.64||3,464,465,744.94||-32.14%||
|8|Financial expenses|-392,120,666.68||-180,127,064.04|||-117.69%|
|9|Income tax|-11,234,378.96||219,308,695.76|||-105.12%|
||Cash Flow Statement Items|Jan-Sep 2017||Jan-Sep 2016||Changes (%)||
|10|Net Cash flow generated bybusiness operation|747,699,887.02||6,492,594,961.88||-88.48%||
|11|Net Cash flow generated byInvestment|||||||
||||3,644,310,547.25||1,542,565,707.82||136.25%|
|12|Net cash flow generated byfinancing|||||||
||||-4,640,546,193.74||-1,431,182,526.28||-224.25%|
|13|Net increase of cash and cashequivalents|||||||
||||-254,579,556.96||6,595,522,593.69||-103.86%|

As at the end of reporting period, theCompany’s total asset was 104.379 billion Yuan, with2.00% decrease compared with the beginning of the year; the total liability was 58.223 Billion Yuan, with7.81% decrease compared with the beginning of the year; the debt asset ratio was55.78%, which was3.52% 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 external credit sales; the increase of prepayments balance is mainly due to the increasing payments to the imported transmission, steel and other goods; inventories increased compared with the beginning of the year, mainly due to the increase in commodity stocks; the balance of other current assets increased compared with the beginning of the year, mainly due to the reclassification of the prepayment value-added tax; the balance of the payroll payables was significantly lower than that at the beginning of the year, which was mainly due to the reduction of accrued payroll payable by the company; The balance of non-current liabilities maturing within one year was significantly lower than at the beginning of the year, mainly due to the maturity of bonds payable.
During the reporting period, operating expenses were substantially reduced mainly due to a reduction in the cost of discounts. The significant decrease of financial expenses was mainly caused by the increase of interest income from financial institutions and the decrease of interest expense due to the repayment of bonds; the income tax costs substantially decreased mainly due to the increase of deferred income tax assets.
During the reporting period, the cash and cash equivalent decreased by88.48% on a year-on-year basis, mainly resulting from the significant decrease in net cash flow from operating activities and financing activities. The net cash flow generated from operating activities decreased mainly due to the growth rate of the cash recovery and the cash from other business activities growth rate was lower than the purchase of goods and the payment of taxes and fees. The net cash flow from investment activities increased significantly mainly due to the decrease in cash received from the acquisition and construction of fixed assets, intangible assets and other long-term assets and the increase in cash received from investment income. The net cash flows from financing activities decreased significantly on a year-on-year basis mainly due to the maturity and repayments of corporate bonds.
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal□Applicable√Not Applicable
3.3 Commitments made within the reporting period by the controlling shareholders, shareholders, related
party, acquirer and the company overdue and not fulfilled
□Applicable√Not Applicable
3.4 Forecast of operation performance of 2017
The warning or a reason for a loss or a significant change of cumulative net profit from the beginning of the year to the end of the next reporting period compared with the same period of last year
□Applicable √Not Applicable
3.5 Securities Investment
√Applicable □Non-applicable
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
||||||||||Gain/loss|||
||||||Opening|||||||
||||Initial|Opening||Closing|Closing||in the|||
||||||equity|||Closing book||||
|Security|Stock|Stock|investment|equity||equity|equity||reporting|Accounting|Equity|
||||||holding|||value (RMB||||
|variety|code|name|cost (RMB|Holdings||holdings|Holdings||period|title|source|
||||||ratio|||Yuan)||||
||||Yuan)|(share)||(share)|（%）||(RMB|||
||||||(%)|||||||
||||||||||Yuan)|||
|||||||||||Tradable||
|||Southwest|||||||||Initial|
|Stock|600369||50,000,000|35,500,000|0.76%|35,500,000|0.76%|206,610,000|3,550,000|financial||
|||Securities|||||||||investment|
|||||||||||assets||
|Total|||50,000,000.|35,500,000|--|35,500,000|--|206,610,000|3,550,000|--|--|

 3.6 Derivative Investment
□Applicable√Not Applicable
During the reporting period, the Company did not have any derivative investment.
3.7 Interviews and visits in the reporting period
√Applicable□Not Applicable
|||||
|-|-|-|-|
|Date|Manner|Object|Content discussed and material offered|
|2017.1.11|On-Site Survey|Institution|For details, see the January 13, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: January 11, 2017 investorrelations activities record sheet|
|2017.1.24|On-Site Survey|Institution|For details, see the January 25, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: January 24, 2017 investorrelations activities record sheet|
|2017.1.25|On-Site Survey|Institution|For details, see the January 25, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: January 25, 2017 investorrelations activities record sheet|
|2017.2.9|On-Site Survey|Institution|For details, see the February10, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan automobile: February 9, 2017 investorrelations activities record sheet|
|2017.2.15|On-Site Survey|Institution|For details, see the February16, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: February 15, 2017 investorrelations activities record sheet|
|2017.2.21|On-Site Survey|Institution|For details, see the February 23, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: February 21, 2017 investorrelations activities record sheet|
|2017.2.22|On-Site Survey|Institution|For details, see the February 23, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: February 22, 2017 investorrelations activities record sheet|
|2017.3.3|On-Site Survey|Institution|For details, see the March 13, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: March 3, 2017 investorrelations activities record sheet|
|2017.3.7|On-Site Survey|Institution|For details, see the March 13, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: March 7, 2017 investorrelations activities record sheet|
|2017.3.10|On-Site Survey|Institution|For details, see the March 13, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: March 10 ,2017 investorrelations activities record sheet|
|2017.3.16|On-Site Survey|Institution|For details, see the March 20, 2017 Shenzhen stock exchange interactive|

|||||
|-|-|-|-|
||||(http://irm.cninfo.com.cn) on the Changan Automobile: March 16,2017 investorrelations activities record sheet|
|2017.4.20|On-Site Survey|Institution|For details, see the April 21, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: April 20, 2017 investorrelations activities record sheet|
|2017.4.24|On-Site Survey|Institution|For details, see the April 26, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: April 24, 2017 investorrelations activities record sheet|
|2017.4.26|On-Site Survey|Institution|For details, see the April 28, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: April 26, 2017 investorrelations activities record sheet|
|2017.4.27|On-Site Survey|Institution|For details, see the April 28, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan automobile: April 27, 2017 investorrelations activities record sheet 1|
|2017.4.27|On-Site Survey|Institution|For details, see the April 28, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan automobile: April 27, 2017 investorrelations activities record sheet 2|
|2017.4.28|On-Site Survey|Institution|For details, see the May 3, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: April 28, 2017 investorrelations activities record sheet 1|
|2017.4.28|On-Site Survey|Institution|For details, see the May 3, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: April 28, 2017 investorrelations activities record sheet 2|
|2017.5.3|On-Site Survey|Institution|For details, see the May 4, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: May 3, 2017 investorrelations activities record sheet|
|2017.5.4|On-Site Survey|Institution|For details, see the May 5, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: May 4, 2017 investorrelations activities record sheet|
|2017.5.12|On-Site Survey|Institution|For details, see the May 16, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: May 12, 2017 investorrelations activities record sheet|
|2017.5.18|On-Site Survey|Institution|For details, see the May 19, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: May 18, 2017 investorrelations activities record sheet|
|2017.5.26|On-Site Survey|Institution|For details, see the May 30, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: May 26, 2017 investorrelations activities record sheet 1|
|2017.6.9|On-Site Survey|Institution|For details, see the June 12, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: June 9, 2017 investorrelations activities record sheet 1|
|2017.6.9|On-Site Survey|Institution|For details, see the June 12, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: June 9, 2017 investorrelations activities record sheet 2|
|2017.6.14|On-Site Survey|Institution|For details, see the June 15, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: June 14, 2017 investorrelations activities record sheet|
|2017.7.4|On-Site Survey|Institution|For details, see the July 6, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: July 4, 2017 investorrelations activities record sheet|
|2017.7.14|On-Site Survey|Institution|For details, see the July 17, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: July 14, 2017 investorrelations activities record sheet|
|2017.8.31|On-Site Survey|Institution|For details, see the September 1, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: August 31, 2017 investorrelations activities record sheet 2|
|2017.9.6|On-Site Survey|Institution|For details, see the September 8, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: September 6, 2017 investor|

|||||
|-|-|-|-|
||||relations activities record sheet|
|2017.9.12|On-Site Survey|Institution|For details, see the September 14, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: September 12, 2017investor relations activities record sheet|
|2017.9.27|On-Site Survey|Institution|For details, see the September 29, 2017 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: September 27, 2017investor relations activities record sheet|

3.8 Illegal external guarantee
□Applicable√Not Applicable
During the reporting period, the Company did not have any illegal external guarantee.
3.9 Controlling shareholder and its related parties to the listing Corporation's non-operating funds
□Applicable√Not Applicable
During the reporting period, no controlling shareholder and its related parties occupied the non-operating capital of the listed company.
3.10 The implementation of precise poverty alleviation social responsibility
The company carried out none of the precise poverty alleviation work in the reporting period. During the fourth quarter of 2017, Changan Automobile will actively implement the poverty alleviation work, promote the precise poverty alleviation in Luxi County, Yanshan County, Pengshui County , and conduct the social welfare relief and public welfare donation work.
Chapter 4 Financial Statements
4.1 Financial Statements
4.1.1 Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.
September 30, 2017
in RMB yuan
||||
|-|-|-|
|Account|Ending Balance|Opening Balance|
|Current assets:|||
|Cash|23,992,054,116.41|24,782,504,552.44|
|Notes receivable|21,364,359,990.14|29,002,539,261.26|
|Accounts receivable|1,996,493,767.72|1,498,837,041.54|
|Prepayments|1,832,125,076.29|1,060,809,892.75|
|Interest receivable|28,195,326.38|19,318,138.89|
|Other receivables|1,185,689,608.04|1,403,399,178.49|
|Inventories|9,876,174,546.32|7,304,106,822.61|
|Other current assets|1,912,768,734.40|926,060,330.87|
|Total current assets|62,187,861,165.70|65,997,575,218.85|
|Non-current assets:|||
|Available-for-sale financial assets|585,971,274.00|432,476,274.00|
|Long-term equity investments|14,733,766,287.67|14,743,367,010.03|
|Investment properties|7,612,950.73|7,782,984.40|
|Fixed assets|16,139,027,565.57|15,480,484,513.99|
|Construction in progress|4,286,339,440.70|3,821,703,830.78|
|Construction materials|-|96,690.75|
|Liquidation of fixed assets|203,798.38|-|
|Intangible assets|4,071,393,778.88|3,444,950,675.03|
|Development expenditure|795,709,798.79|1,111,176,453.49|
|Goodwill|9,804,394.00|9,804,394.00|
|Long-term deferred expenses|13,901,562.88|13,448,409.63|
|Deferred tax assets|1,547,371,823.88|1,447,607,278.98|
|Other non-current assets|3,077.01|-|
|Total non-current assets|42,191,105,752.49|40,512,898,515.08|
|TOTAL ASSETS|104,378,966,918.19|106,510,473,733.93|
|Current liabilities:|||
|Short-term loans|181,609,049.90|175,000,000.00|
|Notes payable|19,802,120,590.58|20,952,104,805.58|
|Accounts payable|17,781,233,893.68|19,880,580,102.39|
|Advances from customers|7,754,916,084.54|6,854,337,365.01|
|Payroll payable|984,441,053.95|1,839,947,475.23|
|Taxes payable|343,142,154.64|555,681,489.16|
|Interest payables|-|73,458,000.00|
|Dividend payables|79,742.80|79,742.80|
|Other payables|1,730,407,229.29|1,449,028,595.97|

|||||
|-|-|-|-|
||Non-current liabilities within one year|13,151,946.67|1,992,341,127.81|
||Other current liabilities|3,055,580,975.28|4,211,570,198.88|
||Total current liabilities|51,646,682,721.33|57,984,128,902.83|
||Non-current liabilities:|||
||Long-term loans|6,575,973.33|19,980,912.00|
||long-term payable|1,741,021.33|-|
||Long-term employee benefit payables|96,413,563.96|105,132,000.00|
||Special payables|288,260,137.50|217,497,540.80|
||Provisions|2,523,537,954.51|2,010,153,951.87|
||Deferred Revenue|3,630,456,955.46|2,785,885,626.37|
||Deferred tax liabilities|29,591,567.28|34,535,250.00|
||Total non-current liabilities|6,576,577,173.37|5,173,185,281.04|
||Total liabilities|58,223,259,894.70|63,157,314,183.87|
|Owners’ equity (or Shareholders’ equity):||||
||Paid up capital (or Share capital)|4,802,648,511.00|4,802,648,511.00|
||Capital reserves|5,110,494,032.55|5,085,301,532.55|
||Other consolidated income|136,600,051.87|141,480,908.23|
||Special reserves|29,375,310.04|16,349,485.65|
||Surplus reserves|2,401,324,255.50|2,401,324,255.50|
||Retained earnings|33,857,434,872.40|31,126,707,710.94|
||Equity attributable to owners|46,337,877,033.36|43,573,812,403.87|
||Minority interests|-182,170,009.87|-220,652,853.81|
|Total Owners’ equity (or Shareholders’ equity)||46,155,707,023.49|43,353,159,550.06|
||Liabilities and owners' equity (or shareholders' equity) in total|104,378,966,918.19|106,510,473,733.93|

 Legal person: Zhang Baolin Chief Financial Officer: Wang Kun The Head of accounting department: Chen Jianfeng 4.1.2 Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan September 30, 2017
||||
|-|-|-|
|Account|Ending Balance|Opening Balance|
|Current assets:|||
|Cash|22,541,187,853.10|23,767,111,763.75|
|Notes receivable|20,973,691,130.94|28,699,756,422.50|
|Accounts receivable|5,273,897,351.91|4,328,886,769.78|
|Prepayments|1,608,256,891.65|905,659,820.16|
|Interest receivable|28,195,326.38|19,318,138.89|
|Dividend receivable|-|5,900,371.55|
|Other receivables|1,058,062,378.26|1,456,016,984.91|
|Inventories|8,698,645,943.19|6,292,770,310.90|
|Other current assets|1,476,246,792.79|592,803,108.38|
|Total current assets|61,658,183,668.22|66,068,223,690.82|
|Non-current assets:|||
|Available-for-sale financial assets|576,061,274.00|432,476,274.00|
|Long-term equity investments|16,422,388,637.75|16,425,513,619.11|

||||
|-|-|-|
|Fixed assets|12,847,669,960.82|12,142,942,955.13|
|Construction in progress|4,021,029,786.93|3,613,887,112.73|
|Construction materials|-|96,690.75|
|Intangible assets|3,367,045,457.19|2,799,021,341.24|
|Development expenditure|654,347,791.68|986,790,085.03|
|Long-term deferred expenses|12,781,189.19|12,729,576.00|
|Deferred tax assets|1,482,517,576.40|1,331,906,388.11|
|Other non-current assets|-|-|
|Total non-current assets|39,383,841,673.96|37,745,364,042.10|
|TOTAL ASSETS|101,042,025,342.18|103,813,587,732.92|
|Current liabilities:|||
|Notes payable|18,744,247,001.68|20,344,635,258.93|
|Accounts payable|15,471,336,220.82|16,912,556,809.95|
|Advances from customers|7,551,185,568.72|6,563,904,714.60|
|Payroll payable|829,116,209.89|1,567,187,782.78|
|Taxes payable|407,584,535.84|470,185,940.53|
|Interest payable|-|73,458,000.00|
|Other payables|2,178,976,132.74|1,922,286,938.56|
|Non-current liabilities within one year|-|1,979,020,519.81|
|Other current liabilities|2,727,941,805.94|3,992,241,040.51|
|Total current liabilities|47,910,387,475.63|53,825,477,005.67|
|Non-current liabilities:|||
|Long-term employee benefit payables|79,439,689.85|87,480,000.00|
|Special payables|232,909,428.10|162,146,831.40|
|Provisions|2,349,798,557.58|1,947,415,048.79|
|Deferred Revenue|2,892,656,590.00|2,164,751,690.28|
|Deferred tax liabilities|27,559,500.00|34,535,250.00|
|Total non-current liabilities|5,582,363,765.53|4,396,328,820.47|
|Total liabilities|53,492,751,241.16|58,221,805,826.14|
|Owners’ equity (or Shareholders’ equity):|||
|Paid up capital (or Share capital)|4,802,648,511.00|4,802,648,511.00|
|Capital reserves|4,714,667,546.88|4,689,475,046.88|
|Other consolidated income|162,765,302.68|202,294,552.68|
|Special reserves|14,270,584.25|7,555,003.10|
|Surplus reserves|2,401,324,255.50|2,401,324,255.50|
|Retained earnings|35,453,597,900.71|33,488,484,537.62|
|Total Owners’ equity (or Shareholders’|||
||47,549,274,101.02|45,591,781,906.78|
|equity)|||
|TOTAL LIABILITIES AND OWNERS ’|||
||101,042,025,342.18|103,813,587,732.92|
|EQUITY( OR SHAREHOLDERS’ EQUITY)|||

4.1.3 Consolidated Income Statement of the report term (July-September)
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
||||
|-|-|-|
|Account|Current Period|Prior Period|
|I. Total operating revenue|17,875,967,836.92|17,805,233,132.26|
|II. Total operating cost|18,622,936,928.98|17,953,860,281.79|
|Including: Operating cost|16,577,859,499.30|14,529,915,702.04|

|||||
|-|-|-|-|
||Tax and surcharges|606,943,117.87|794,865,412.43|
||Operating expenses|346,730,591.63|1,343,757,191.61|
||General and administrative expenses|1,237,453,740.96|1,354,938,734.17|
||Financial expenses|-145,299,064.53|-72,338,498.92|
||Impairment loss on assets|-750,956.25|2,721,740.46|
||Add: Profit and loss from fair value changes (‘-‘ represent loss)|||
||Investment income (‘-‘ represent loss)|1,719,330,298.97|2,357,398,389.73|
||Including: Investment income from associates and from joint venture|1,715,780,298.97|2,357,398,389.73|
||Other consolidated income|91,028,832.62|-|
|III. Operating profit (‘-’ represent loss)||1,063,390,039.53|2,208,771,240.20|
|Add: Non-operating income||69,606,856.66|48,460,591.77|
||Less: Non-operating expenses|3,610,603.49|20,092,692.50|
|Including: loss on disposal of non-current assets||796,297.30|321,030.05|
|IV. Total profit(‘-’ represent loss)||1,129,386,292.70|2,237,139,139.47|
|Less: Income tax expense||-52,230,483.62|-10,237,803.40|
|V. Net profit (‘-’ represent net loss)||1,181,616,776.32|2,247,376,942.87|
|Net profit attributable to owners||1,190,050,794.41|2,248,359,745.89|
||Minority interests|-8,434,018.09|-982,803.02|
||VI. Net income of other comprehensive income|44,390,673.50|306,804.47|
||VII. Other comprehensive income|1,226,007,449.82|2,247,683,747.34|
||Total income attributable to the owner of the parent company|1,234,441,467.91|2,248,666,550.36|
||Total comprehensive income attributable to minority shareholders|-8,434,018.09|-982,803.02|
||VIII. Earnings per share:|||
||I) Basic earnings per share|0.25|0.48|
||II) Diluted earnings per share|0.25|0.48|

 Legal person: Zhang Baolin Chief Financial Officer: Wang Kun The Head of accounting department: Chen Jianfeng 4.1.4 Income Statement of the report term (July-September)
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
|||||
|-|-|-|-|
||Account|Current Period|Prior Period|
||I. Operating revenue|17,106,576,370.78|17,406,962,761.60|
||Less: Operating cost|16,033,795,445.11|14,597,266,068.79|
||Tax and surcharges|533,601,011.82|646,968,036.32|
||Operating expenses|278,413,026.49|1,278,755,364.31|
||General and administrative expenses|1,061,965,135.22|1,164,084,642.12|
||Financial expenses|-151,813,407.79|-73,458,631.65|
||Impairment loss on assets|858,777.01|568,283.41|
|Add: Profit and loss from fair value Changes (‘-’ represent loss)||||
|Investment income (‘-’ represent loss)||1,719,929,041.12|2,359,139,301.69|
||Including: Investment income from associates and from joint venture|1,715,780,298.97|2,357,398,389.73|
|Other consolidated income||70,318,609.40|-|
|II. Operating profit (‘-’ represent loss)||1,140,004,033.44|2,151,918,299.99|
||Add: Non-operating income|11,830,320.93|35,959,035.35|

|||||
|-|-|-|-|
||Less: Non-operating expenses|10,402,982.20|19,689,284.01|
|Including: loss on disposal of non-current assets||745,989.14|286,284.01|
|III. Total profit(‘-’ represent loss)||1,141,431,372.17|2,168,188,051.33|
|Less: Income tax expense||-72,079,441.96|-15,970,774.46|
|IV. Net profit (‘-’ represent net loss)||1,213,510,814.13|2,184,158,825.79|
|V. Net income of other comprehensive income||6,336,750.00|-1,508,750.00|
|VI. Other comprehensive income||1,219,847,564.13|2,182,650,075.79|
||VII. Earnings per share:|||
|I) Basic earnings per share||0.25|0.47|
|II) Diluted earnings per share||0.25|0.47|

 4.1.5 Consolidated Income Statement of the report term (January-September)
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
|||||
|-|-|-|-|
||Account|Current Period|Prior Period|
||I. Total operating revenue|51,431,180,946.38|53,606,996,053.51|
||II. Total operating cost|52,494,690,330.87|53,762,986,964.40|
||Including: Operating cost|45,370,615,189.62|44,397,253,887.72|
||Tax and surcharges|2,050,729,598.01|2,369,204,402.58|
||Operating expenses|2,350,906,633.64|3,464,465,744.94|
||General and administrative expenses|3,023,187,812.07|3,567,235,667.40|
||Financial expenses|-392,120,666.68|-180,127,064.04|
||Impairment loss on assets|91,371,764.21|144,954,325.80|
||Add: Profit and loss from fair value changes (‘-‘ represent loss)|||
||Investment income (‘-‘ represent loss)|5,550,949,277.61|7,566,389,659.71|
|Including: Investment income from associates and from joint venture||5,547,399,277.64|7,561,774,659.71|
|Foreign currency exchange loss||||
||Other consolidated income|1,244,863,738.48|-|
|III. Operating profit (‘-’ represent loss)||5,732,303,631.60|7,410,398,748.82|
|Add: Non-operating income||123,552,018.78|586,883,853.65|
||Less: Non-operating expenses|18,010,651.47|53,845,363.46|
|Including: loss on disposal of non-current assets||2,331,199.26|6,377,975.60|
|IV. Total profit(‘-’ represent loss)||5,837,844,998.91|7,943,437,239.01|
|Less: Income tax expense||-11,234,378.96|219,308,695.76|
|V. Net profit (‘-’ represent net loss)||5,849,079,377.87|7,724,128,543.25|
|Net profit attributable to owners||5,810,596,533.93|7,739,348,328.21|
||Minority interests|38,482,843.94|-15,219,784.96|
||VI. Net income of other comprehensive income|-4,880,856.36|-93,933,964.78|
||VII. Other comprehensive income|5,844,198,521.51|7,630,194,578.47|
||Total income attributable to the owner of the parent company|5,805,715,677.57|7,645,414,363.43|
||Total comprehensive income attributable to minority shareholders|38,482,843.94|-15,219,784.96|

||||
|-|-|-|
|VIII. Earnings per share:|||
|I) Basic earnings per share|1.21|1.66|
|II) Diluted earnings per share|1.21|1.66|

 4.1.6 Income Statement of the report term (January-September)
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
|||||
|-|-|-|-|
||Account|Current Period|Prior Period|
||I. Operating revenue|49,946,098,600.48|52,700,126,709.47|
||Less: Operating cost|44,937,876,569.48|44,655,542,434.61|
||Tax and surcharges|1,668,642,765.04|1,963,080,655.72|
||Operating expenses|2,081,892,197.94|3,193,793,847.51|
||General and administrative expenses|2,498,035,873.75|3,015,006,969.23|
||Financial expenses|-408,701,921.11|-171,745,384.72|
||Impairment loss on assets|134,498,613.87|135,252,115.77|
|Add: Profit and loss from fair value Changes (‘-’ represent loss)||||
|Investment income (‘-’ represent loss)||5,550,576,927.03|7,571,712,258.63|
||Including: Investment income from associates and from joint venture|5,547,399,277.64|7,561,774,659.71|
|Other consolidated income||359,531,064.66|-|
|II. Operating profit (‘-’ represent loss)||4,943,962,493.20|7,480,908,329.98|
||Add: Non-operating income|45,477,155.50|334,760,790.06|
||Less: Non-operating expenses|24,569,216.82|49,512,638.92|
|Including: loss on disposal of non-current assets||1,886,423.41|3,211,959.82|
|III. Total profit(‘-’ represent loss)||4,964,870,431.88|7,766,156,481.12|
|Less: Income tax expense||-80,112,303.68|139,319,401.73|
|IV. Net profit (‘-’ represent net loss)||5,044,982,735.56|7,626,837,079.39|
|V. Net income of other comprehensive income||-39,529,250.00|-81,170,750.00|
|VI. Other comprehensive income||5,005,453,485.56|7,545,666,329.39|
||VII. Earnings per share:|||
|I) Basic earnings per share||1.05|1.64|
|II) Diluted earnings per share||1.05|1.64|

 4.1.7 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 Period|
|I. CASH FLOWS FROM OPERATING ACTIVITIES:|||
|Cash received from sale of goods or rendering of services|64,567,191,647.13|60,072,026,644.24|
|Refunds of taxes|179,456,792.87|197,132,426.16|
|Cash received relating to other operating activities|3,118,917,830.77|1,234,520,980.10|

|||||
|-|-|-|-|
||Sub-total of cash inflows|67,865,566,270.77|61,503,680,050.50|
||Cash paid for goods and services|54,247,422,400.97|42,165,783,883.07|
||Cash paid to and on behalf of employees|4,309,662,082.80|4,250,599,373.71|
||Cash paid for all types of taxes|3,980,862,710.78|3,856,639,572.91|
||Cash paid relating to other operating activities|4,579,919,189.20|4,738,062,258.93|
||Sub-total of cash outflows|67,117,866,383.75|55,011,085,088.62|
||Net cash flows from operating activities|747,699,887.02|6,492,594,961.88|
||II. CASH FLOWS FROM INVESTING ACTIVITIES:|||
||Cash received from return on investments|5,560,550,000.00|5,208,115,000.00|
||Net cash received from disposal of fixed assets, intangible assets and other|||
|||12,338,015.93|2,144,773.24|
||long-term assets|||
||Cash received relating to other investing activities|629,600,000.00|-|
||Sub-total of cash inflows|6,202,488,015.93|5,210,259,773.24|
|Cash paid for acquisition of fixed assets, intangible assets and otherlong-term assets||||
|||2,457,337,467.68|3,667,673,274.92|
|Cash paid for acquisition of investments||100,840,001.00|-|
|Cash paid relating to other investing activities||-|20,790.50|
|Sub-total of cash outflows||2,558,177,468.68|3,667,694,065.42|
||Net cash flows from investing activities|3,644,310,547.25|1,542,565,707.82|
||III. CASH FLOWS FROM FINANCING ACTIVITIES:|||
||Cash received from absorbing investment|-|1,984,000,000.00|
||Cash received from borrowings|195,545,335.27|162,940,510.00|
||Cash received relating to other financing activities|664,542,033.46|9,597,460.71|
||Sub-total of cash inflows|860,087,368.73|2,156,537,970.71|
||Cash repayments of borrowings|2,176,754,914.36|4,639,390.00|
||Cash paid for distribution of dividends or profits and interest expenses|3,195,206,702.60|3,101,033,262.29|
||Cash paid relating to other financing activities|128,671,945.51|482,047,844.70|
||Sub-total of cash outflows|5,500,633,562.47|3,587,720,496.99|
||Net cash flows from financing activities|-4,640,546,193.74|-1,431,182,526.28|
||IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH|-6,043,797.49|-8,455,549.73|
||V. NET INCREASE IN CASH AND CASH EQUIVALENTS|-254,579,556.96|6,595,522,593.69|
||Add: Opening balance of cash and cash equivalents|22,993,432,067.05|17,725,921,341.22|
||VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT|22,738,852,510.09|24,321,443,934.91|

4.1.8 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 Period|
||I. CASH FLOWS FROM OPERATING ACTIVITIES:|||
||Cash received from sale of goods or rendering of services|61,184,129,674.42|56,967,820,983.81|
||Refunds of taxes|-|50,000,000.00|
||Cash received relating to other operating activities|1,792,621,109.19|904,867,705.03|
||Sub-total of cash inflows|62,976,750,783.61|57,922,688,688.84|
||Cash paid for goods and services|52,167,086,686.92|41,760,134,242.36|
|Cash paid to and on behalf of employees||3,326,481,274.28|3,295,461,190.49|
||Cash paid for all types of taxes|3,201,708,303.04|3,144,629,198.82|
|Cash paid relating to other operating activities||4,413,700,158.73|4,353,559,176.17|
|Sub-total of cash outflows||63,108,976,422.97|52,553,783,807.84|
|Net cash flows from operating activities||-132,225,639.36|5,368,904,881.00|
||II. CASH FLOWS FROM INVESTING ACTIVITIES:|||
||Cash received from return on investments|5,568,652,679.89|5,213,646,508.34|
||Net cash received from disposal of fixed assets, intangible assets and other|||
|||99,593,803.80|891,340.08|
||long-term assets|||
||Cash received relating to other investing activities|791,000,000.00|50,000,000.00|
||Sub-total of cash inflows|6,459,246,483.69|5,264,537,848.42|
|Cash paid for acquisition of fixed assets, intangible assets and otherlong-term assets|Cash paid for acquisition of fixed assets, intangible assets and other|||
|||2,187,697,992.01|2,788,113,271.72|
|Cash paid for acquisition of investments||100,437,390.50|170,728,130.00|
||Cash paid relating to other investing activities|100,000,000.00|50,000,000.00|
||Sub-total of cash outflows|2,388,135,382.51|3,008,841,401.72|
||Net cash flows from investing activities|4,071,111,101.18|2,255,696,446.70|
||III. CASH FLOWS FROM FINANCING ACTIVITIES:|||
||Cash received from absorbing investment|-|1,984,000,000.00|
|Cash received relating to other financing activities||664,542,033.46|-|
|Sub-total of cash inflows||664,542,033.46|1,984,000,000.00|
||Cash repayments of borrowings|1,980,000,000.00|-|
||Cash paid for distribution of dividends or profits and interest expenses|3,184,809,372.47|3,092,858,471.58|
|Cash paid relating to other financing activities||-|451,230,787.86|
|Sub-total of cash outflows||5,164,809,372.47|3,544,089,259.44|
||Net cash flows from financing activities|-4,500,267,339.01|-1,560,089,259.44|

||||
|-|-|-|
|IV. NET INCREASE IN CASH AND CASH EQUIVALENTS|-561,381,877.19|6,064,512,068.26|
|Add: Opening balance of cash and cash equivalents|22,326,566,084.67|17,223,403,333.90|
|V. CLOSING BALANCE OF CASH AND CASH EQUIVLANT|21,765,184,207.48|23,287,915,402.16|

 4.2Auditors’ Report
Whether the first quarter report has been audited
□ Yes√ No
The first quarter report has not been audited.