Report for the Third Quarter of 2014 of Changchai Company, Limited Changchai Company, Limited
Report for the Third Quarter of 2014 October 2014
Report for the Third Quarter of 2014 of Changchai Company, Limited Section I. Important Reminders, Contents& Definition
The Board of Directors, the Supervisory Committee as well as all directors, supervisors and senior management staff of Changchai Company, Limited (hereinafter referred to as “the Company”) warrant that this report is factual, accurate and complete without any false record, misleading statement or material omission. And they shall be jointly and severally liable for that.
All directors attended the board session for reviewing this report.
Mr. Xue Guojun, company principal, Mr. He Jianguang, chief of the accounting work, and Mr. Jiang He, chief of the accounting organ (chief of accounting), hereby confirm that the Financial Statements enclosed in this report are factual, accurate and complete.
This report is prepared in both Chinese and English. Should there be any discrepancy between the two versions, the Chinese version shall prevail.
Report for the Third Quarter of 2014 of Changchai Company, Limited Section II. Financial Highlights& Change of Shareholders
I. Major accounting data and financial indexes
Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or correction of any accounting error?
□ Yes√ No
||||||||
|-|-|-|-|-|-|-|
||30 Sept. 2014||31 Dec. 2013||Increase/decrease (%)||
|Total assets (RMB Yuan)|3,061,092,052.98||3,042,349,320.63||0.62%||
|Net assets attributable to|1,891,680,741.60||1,809,577,062.45||4.54%||
|shareholders of the Company|||||||
|(RMB Yuan)|||||||
|||YoY increase/decrease||||YoY increase/decrease|
||Jul.-Sept. 2014|||Jan.-Sept. 2014|||
|||(%)||||(%)|
|Operating revenues (RMB Yuan)|596,251,102.70|-15.29%||1,936,127,304.42||-15.88%|
|Net profit attributable to|16,740,470.13|||51,043,900.62|||
|shareholders of the Company||-1.79%||||-10.31%|
|(RMB Yuan)|||||||
|Net profit attributable to|||||||
|shareholders of the Company after|15,531,456.19|-5.26%||49,051,143.62||-13.32%|
|extraordinary gains and losses|||||||
|(RMB Yuan)|||||||
|Net cash flows from operating|--|--||-76,182,458.65||——|
|activities (RMB Yuan)|||||||
|Basic EPS (RMB Yuan/share)|0.03|0.00%||0.09||-10.00%|
|Diluted EPS (RMB Yuan/share)|0.03|0.00%||0.09||-10.00%|
|Weighted average ROE (%)|0.91%|-0.03%||2.76%||-0.36%|

 Items and amounts of extraordinary gains and losses
√Applicable□Inapplicable
Unit: RMB Yuan
||||
|-|-|-|
|Item|Amount as of Jan.-Sept. 2014|Note|
|Gains/losses on the disposal of non-current assets (including the|||
||253,982.48||
|offset part of asset impairment provisions)|||
|Government grants recognized in the current period, except for|||
|those acquired in the ordinary course of business or granted at|||
||5,708,500.00||
|certain quotas or amounts according to the country’s unified|||
|standards|||
|Gains and losses on change in fair value from tradable financial|||
||1,392,877.46||
|assets and tradable financial liabilities, as well as investment|||

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|income from disposal of tradable financial assets and tradable|||
|financial liabilities and financial assets available for sales, except|||
|for effective hedging related with normal businesses of the|||
|Company|||
|Other non-operating income and expenses than the above|-4,707,667.45||
|Less: Income tax effects|646,668.48||
|Minority interests effects (after tax)|8,267.01||
|Total|1,992,757.00|--|

Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to thePublic—Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said explanatory announcement as a recurrent gain/loss item□ Applicable√ Inapplicable
No such cases during the reporting period.
II. Total number of shareholders and shareholdings of the top ten shareholders at the period-end
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the period-end
Unit: share
||||||||
|-|-|-|-|-|-|-|
|Total number of common|||||||
|||67,854|||||
|shareholders at the period-end|||||||
|Shareholdings of the top ten common shareholders|||||||
|||||Number of|Pledged or frozen shares||
|Name of|Nature of|Shareholding|Number of the||||
|||||restricted shares|||
|shareholder|shareholder|percentage (%)|shares held||Status of shares|Number of shares|
|||||held|||
|State-owned AssetsSupervision andAdministrationCommission ofChangzhouMunicipal People’sGovernment|On behalf of theState|30.02%|168,497,736|0|||
|BNP PARIBASWEALTHMANAGEMENTHONG KONGBRANCH|Foreigncorporation|2.03%|11,399,417|0|||
|ING ASIAPRIVATE BANK|Foreigncorporation|0.80%|4,489,901|0|||

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||||||
|-|-|-|-|-|-|-|
|LIMITED|||||||
|BCOH－NongyinHuili IndustryGrowth EquitySecuritiesInvestment Fund|Other|0.61%|3,399,661|0|||
|Warburg Trust Co.,Ltd.－ShijieHaoyu No. 9Assembled FundsTrust|Other|0.55%|3,085,898|0|||
|Jiang Xuezhen|Domesticindividual|0.46%|2,590,000|0|||
|SouthwestSecurities －CCB－SouthwestSecurities EverestNo. 1 AssembledAssetsManagement Plan|Other|0.43%|2,434,915|0|||
|Cha Genlou|Domesticindividual|0.36%|2,004,884|0|||
|Zhang Gengdi|Domesticindividual|0.32%|1,790,315|0|||
|Warburg Trust Co.,Ltd.－ShijieHaoyu No.21Assembled FundsTrust|Other|0.29%|1,630,643|0|||
|Shareholdings of the top ten non-restricted common shareholders|||||||
|||Number of non-restricted common shares held at the|||Type of shares||
|Name of shareholder|||||||
|||period-end|||Type|Number|
|State-owned Assets Supervision andAdministration Commission ofChangzhou Municipal People’sGovernment||168,497,736|||||
||||||RMB ordinary||
|||||||168,497,736|
||||||share||
|BNP PARIBAS WEALTHMANAGEMENT HONG KONGBRANCH||11,399,417|||Domestically||
||||||listed foreign|11,399,417|
||||||share||
|ING ASIA PRIVATE BANK||4,489,901|||Domestically|4,489,901|

Report for the Third Quarter of 2014 of Changchai Company, Limited
|||||
|-|-|-|-|
|LIMITED||listed foreign||
|||share||
|BCOH － Nongyin Huili IndustryGrowth Equity Securities InvestmentFund|3,399,661|||
|||RMB ordinary||
||||3,399,661|
|||share||
|Warburg Trust Co., Ltd.－ShijieHaoyu No. 9 Assembled Funds Trust|3,085,898|RMB ordinary||
||||3,085,898|
|||share||
|Jiang Xuezhen|2,590,000|RMB ordinary||
||||2,590,000|
|||share||
|Southwest Securities －CCB－Southwest Securities Everest No. 1Assembled Assets Management Plan|2,434,915|||
|||RMB ordinary||
||||2,434,915|
|||share||
|Cha Genlou|2,004,884|RMB ordinary||
||||2,004,884|
|||share||
|Zhang Gengdi|1,790,315|RMB ordinary||
||||1,790,315|
|||share||
|Warburg Trust Co., Ltd.－ShijieHaoyu No.21 Assembled Funds Trust|1,630,643|RMB ordinary||
||||1,630,643|
|||share||
|Explanation on associated||||
||It’s unknown whether there was any associated relationship among other shareholders of the|||
|relationship or persons acting in||||
||top ten shareholders, or whether there is any action-in-concert among them regarding to|||
|concert among the above-mentioned||||
||Administrative Measures on Changes in Holdings.|||
|shareholders||||

Did any of the top 10 common shareholders or the top 10 non-restricted common shareholders of the Company carry out any agreed buy-back in the reporting period?
□ Yes√ No
No shareholder of the Company carried out any agreed buy-back in the reporting period.
2. Total number of preferred share holders and shareholdings of the top ten preferred share holders at the period-end
□ Applicable√ Inapplicable
Section III. Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as well as reasons for the changes
√ Applicable□ Inapplicable
(1) Monetary funds at the period-end decreased by RMB 213.3073 million from the amount at the year-beginning,
Report for the Third Quarter of 2014 of Changchai Company, Limited a decrease of30.99%, mainly because the payments collected from customers decreased.
(2) Accounts receivable at the period-end increased by RMB 260.3269 million from the amount at the year-beginning, an increase of82.05%, mainly because we reinforced sales promotion and expanded sale on credit within a controllable scope.
(3) Prepayments at the period-end decreased by RMB 5.5043 million from the amount at the year-beginning, a decrease of37.55%, mainly because we reduced our payments to suppliers to control the stock.
(4) Other receivables at the period-end increased by RMB 15.1804 million from the amount at the year-beginning, an increase of119.31%, mainly because of the money on call from subsidiary Housheng Investment to Xuzhou East China Foundry General Factory, etc.
(5) Construction in progress at the period-end increased by RMB 37.2757 million from the amount at the year-beginning, an increase of47.66%, mainly because the investments in the casting workshop alteration project, etc. increased.
(6) Short-term borrowings at the period-end decreased by RMB 10 million from the amount at the year-beginning, an increase of33.33%, mainly because subsidiary Changchai Wanzhou repaid borrowings.
(7) Payroll payable at the period-end decreased by RMB 31.6439 million from the amount at the year-beginning, a decrease of55.40%, mainly because the salary and bonus provisions made in the last period were partially paid in the current period.
(8) Taxes and fares payable at the period-end increased by RMB 16.1164 million from the amount at the year-beginning, an increase of68.00%, mainly because the stock of the Company decreased and the VAT input tax decreased accordingly.
II. Progress and influence of significant events, as well as the analysis and explanation on solutions
□Applicable√ Inapplicable
III. Commitments made by the Company or shareholders holding over5% of theCompany’s shares in the reporting period or such commitments carried down into the reporting period□ Applicable√ Inapplicable
No such commitments in the reporting period.
IV. Predict the 2014 annual operating results
Warnings of possible loss or large-margin change of the accumulated net profit made during the period from the beginning of the year to the end of the next reporting period compared with the same period of the last year according to prediction, as well as explanations on the reasons
□Applicable√Inapplicable
V. Securities investment
□Applicable√Inapplicable
Report for the Third Quarter of 2014 of Changchai Company, Limited The Company did not invest in any securities in the reporting period.
Shareholdings in other listed companies
√Applicable□Inapplicable
At the end of the reporting period, we held 72.25 million “Foton Motor” shares and 50,000 “Ninghu Expressway” shares measured as available-for-sale financial assets.
VI. Investments in derivatives
□Applicable√Inapplicable
The Company did not invest in any derivative in the reporting period.
VII. Researches, visits and interviews received in the reporting period
√Applicable□Inapplicable
|||||||
|-|-|-|-|-|-|
||||||Main discussion and|
|Time|Place|Way of reception|Visitor type|Visitor|materials provided by the|
||||||Company|
||The Shenzhen|||||
||||||The impact of reform of|
||Stock Exchange|||Individual||
|7 Jan. 2014||Other|Individual||state-owned assets on the|
||Interaction|||investor||
||||||Company's future|
||Platform|||||
||||||Operating situation and|
|||Telephone||Individual||
|18 Apr. 2014|The Company||Individual||future development of the|
|||communication||investor||
||||||Company|
||||||Operating situation and|
|||Telephone||Individual||
|28 Apr. 2014|The Company||Individual||future development of the|
|||communication||investor||
||||||Company|
||The Shenzhen|||||
||||||Operating situation and|
||Stock Exchange|||Individual||
|11 Jun. 2014||Other|Individual||future development of the|
||Interaction|||investor||
||||||Company|
||Platform|||||
||||||Operating situation and|
|||Telephone||Individual||
|23 Jun. 2014|The Company||Individual||future development of the|
|||communication||investor||
||||||Company|
||The Interaction|||||
||||||Storage progress of the|
||Easy Platform of|||Individual||
|1 Jul. 2014||Other|Individual||Company’s single-cylinder|
||Shenzhen Stock|||investor||
||||||engine base|
||Exchange|||||
||The Interaction|||||
||||||The Company’s|
||Easy Platform of|||Individual||
|10 Jul. 2014||Other|Individual||equity-holdings in other|
||Shenzhen Stock|||investor||
||||||companies|
||Exchange|||||

Report for the Third Quarter of 2014 of Changchai Company, Limited
|||||||
|-|-|-|-|-|-|
||The Interaction|||||
||||||Particulars about|
||Easy Platform of|||Individual||
|11 Jul. 2014||Other|Individual||wholly-funded subsidiary|
||Shenzhen Stock|||investor||
||||||Housheng Investment|
||Exchange|||||
||The Interaction|||||
||Easy Platform of|||Individual||
|11 Aug. 2014||Other|Individual||Future development plan|
||Shenzhen Stock|||investor||
||Exchange|||||
||The Interaction|||||
||Easy Platform of|||Individual||
|13 Aug. 2014||Other|Individual||Future development plan|
||Shenzhen Stock|||investor||
||Exchange|||||
||The Interaction|||||
||Easy Platform of|||Individual||
|15 Aug. 2014||Other|Individual||Operating status|
||Shenzhen Stock|||investor||
||Exchange|||||
||||||Influence of the reform of|
||||||the State-owned Assets|
||The Interaction|||||
||||||Supervision and|
||Easy Platform of|||Individual||
|24 Aug. 2014||Other|Individual||Administration|
||Shenzhen Stock|||investor||
||||||Commission of Jiangsu|
||Exchange|||||
||||||Provincial Government on|
||||||the Company|
||The Interaction|||||
||Easy Platform of|||Individual|Human resources of the|
|9 Sept. 2014||Other|Individual|||
||Shenzhen Stock|||investor|Company|
||Exchange|||||

VIII. Influence of the newly promulgated or amended accounting standards on our consolidated financial statements
√ Applicable□ Inapplicable
According to the amended<Accounting Standards No. 30 for BusinessEnterprises—Financial StatementPreparation>, the other comprehensive incomes and the foreign-currency statement translation differences formerly recorded under the capital reserve were restated under the “other comprehensive incomes” item. And the year-beginning data were restated adopting the retrospective adjustment method, with details as follows:
||||
|-|-|-|
|31 Dec. 2013|||
|Capital reserve（+/-）|Other comprehensiveincomes（+/-）|Foreign-currencystatement translationdifference（+/-）|
|-277,847,575.00|277,780,844.33|66,730.67|

Report for the Third Quarter of 2014 of Changchai Company, Limited Section IV. Financial Statements
I. Financial statements
1. Consolidated balance sheet
Prepared by Changchai Company, Limited
Unit: RMB Yuan
||||
|-|-|-|
|Item|30 Sept. 2014|31 Dec. 2013|
|Current Assets:|||
|Monetary funds|474,990,149.43|688,297,469.30|
|Settlement reserves|||
|Intra-group lendings|||
|Financial assets measured at fair|||
|value and of which changes are|||
|recorded into current gains and losses|||
|Notes receivable|246,631,070.18|257,845,729.93|
|Accounts receivable|577,622,248.07|317,295,375.34|
|Accounts paid in advance|9,154,769.17|14,659,048.00|
|Premiums receivable|||
|Reinsurance premiums receivable|||
|Receivable reinsurance contract|||
|reserves|||
|Interest receivable|||
|Dividend receivable|||
|Other accounts receivable|27,903,745.57|12,723,300.47|
|Financial assets purchased under|||
|agreements to resell|||
|Inventories|398,260,462.41|473,238,876.29|
|Assets held for sale|||
|Non-current assets due within 1 year|||
|Other current assets|||
|Total current assets|1,734,562,444.83|1,764,059,799.33|
|Non-current assets:|||
|Loans by mandate and advances|||

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|granted|||
|Available-for-sale financial assets|415,742,500.00|368,754,000.00|
|Held-to-maturity investments|||
|Long-term accounts receivable|||
|Long-term equity investment|63,014,885.73|64,748,325.73|
|Investing property|60,041,456.03|61,697,711.63|
|Fixed assets|587,261,955.63|619,468,246.18|
|Construction in progress|115,483,091.62|78,207,347.80|
|Engineering materials|||
|Disposal of fixed assets|||
|Production biological assets|||
|Oil-gas assets|||
|Intangible assets|83,789,728.88|84,217,899.70|
|R&D expense|||
|Goodwill|||
|Long-term deferred expenses|||
|Deferred income tax assets|1,195,990.26|1,195,990.26|
|Other non-current assets|||
|Total of non-current assets|1,326,529,608.15|1,278,289,521.30|
|Total assets|3,061,092,052.98|3,042,349,320.63|
|Current liabilities:|||
|Short-term borrowings|20,000,000.00|30,000,000.00|
|Borrowings from Central Bank|||
|Customer bank deposits and due to|||
|banks and other financial institutions|||
|Intra-group borrowings|||
|Financial liabilities measured at fair|||
|value and of which changes are|||
|recorded into current gains and losses|||
|Notes payable|210,290,000.00|246,300,000.00|
|Accounts payable|25,478,121.46|577,327,834.60|
|Accounts received in advance|-7,645,470.06|38,090,958.80|
|Financial assets sold for repurchase|||
|Handling charges and commissions|||
||3,891,433.83||
|payable|||

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|Employee’s compensation payable|222,477,933.97|57,122,045.12|
|Tax payable|-7,645,470.06|-23,761,875.83|
|Interest payable|||
|Dividend payable|3,891,433.83|3,891,433.83|
|Other accounts payable|216,477,933.97|174,454,382.17|
|Reinsurance premiums payable|||
|Insurance contract reserves|||
|Payables for acting trading of|||
|securities|||
|Payables for acting underwriting of|||
|securities|||
|Liabilities held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|3,017,491.68|1,939,407.40|
|Total current liabilities|1,037,416,887.81|1,105,364,186.09|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||
|Long-term payables|||
|Specific payables|||
|Other comprehensive incomes|||
|Estimated liabilities|||
|Deferred income tax liabilities|56,080,200.00|49,031,925.00|
|Other non-current liabilities|58,411,552.94|61,894,052.94|
|Total non-current liabilities|114,491,752.94|110,925,977.94|
|Total liabilities|1,151,908,640.75|1,216,290,164.03|
|Owners’ equity (or shareholders’|||
|equity)|||
|Paid-up capital (or share capital)|561,374,326.00|561,374,326.00|
|Capital reserves|171,016,154.25|171,016,154.25|
|Less: Treasury stock|||
|Specific reserves|6,996,256.56|6,996,256.56|
|Surplus reserves|317,814,637.75|277,780,844.33|
|Provisions for general risks|289,629,574.39|289,629,574.39|

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|Retained profits|544,849,792.65|502,779,906.92|
|Total equity attributable to owners of|||
||1,891,680,741.60|1,809,577,062.45|
|the Company|||
|Minority interests|17,502,670.63|16,482,094.15|
|Total owners’ (or shareholders’) equity|1,909,183,412.23|1,826,059,156.60|
|Total liabilities and owners’ (or|||
||3,061,092,052.98|3,042,349,320.63|
|shareholders’) equity|||

Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He 2. Balance sheet of the Company
Prepared by Changchai Company, Limited
Unit: RMB Yuan
||||
|-|-|-|
|Item|30 Sept. 2014|31 Dec. 2013|
|Current Assets:|||
|Monetary funds|451,085,358.55|649,755,641.89|
|Financial assets measured at fair|||
|value and of which changes are|||
|recorded into current gains and losses|||
|Notes receivable|244,111,070.18|257,695,729.93|
|Accounts receivable|545,113,801.99|287,405,670.66|
|Accounts paid in advance|5,261,042.26|10,821,513.13|
|Interest receivable|||
|Dividend receivable|||
|Other accounts receivable|11,598,359.16|10,397,443.72|
|Inventories|331,056,262.95|401,992,702.79|
|Assets held for sale|||
|Non-current assets due within 1 year|||
|Other current assets|||
|Total current assets|1,588,225,895.09|1,618,068,702.12|
|Non-current assets:|||
|Available-for-sale financial assets|415,742,500.00|368,754,000.00|
|Held-to-maturity investments|||
|Long-term accounts receivable|||
|Long-term equity investment|211,559,825.73|188,666,565.73|
|Investing property|60,041,456.03|61,697,711.63|

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|Fixed assets|468,038,231.31|496,473,706.65|
|Construction in progress|113,525,187.50|77,785,739.64|
|Engineering materials|||
|Disposal of fixed assets|||
|Production biological assets|||
|Oil-gas assets|||
|Intangible assets|81,775,506.60|82,161,279.41|
|R&D expense|||
|Goodwill|||
|Long-term deferred expenses|||
|Deferred income tax assets|1,195,990.26|1,195,990.26|
|Other non-current assets|||
|Total of non-current assets|1,351,878,697.43|1,276,734,993.32|
|Total assets|2,940,104,592.52|2,894,803,695.44|
|Current liabilities:|||
|Short-term borrowings|||
|Financial liabilities measured at fair|||
|value and of which changes are|||
|recorded into current gains and losses|||
|Notes payable|198,290,000.00|239,300,000.00|
|Accounts payable|504,089,282.92|534,436,105.73|
|Accounts received in advance|43,989,038.78|48,173,277.25|
|Employee’s compensation payable|21,445,272.77|52,616,431.17|
|Tax payable|-622,696.31|-16,220,685.07|
|Interest payable|||
|Dividend payable|3,243,179.97|3,243,179.97|
|Other accounts payable|216,214,179.86|167,758,011.92|
|Liabilities held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|986,648,257.99|1,029,306,320.97|
|Non-current liabilities:|||
|Long-term borrowings|||
|Bonds payable|||

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|Long-term payables|||
|Specific payables|||
|Estimated liabilities|||
|Deferred income tax liabilities|56,080,200.00|49,031,925.00|
|Other non-current liabilities|58,411,552.94|61,894,052.94|
|Total non-current liabilities|114,491,752.94|110,925,977.94|
|Total liabilities|1,101,140,010.93|1,140,232,298.91|
|Owners’ equity (or shareholders’|||
|equity)|||
|Paid-up capital (or share capital)|561,374,326.00|561,374,326.00|
|Capital reserves|183,044,309.95|183,044,309.95|
|Less: Treasury stock|||
|Specific reserves|6,996,256.56|6,996,256.56|
|Other comprehensive incomes|317,814,637.75|277,847,575.00|
|Surplus reserves|289,629,574.39|289,629,574.39|
|Provisions for general risks|||
|Retained profits|480,105,476.94|435,679,354.63|
|Total owners’ (or shareholders’) equity|1,838,964,581.59|1,754,571,396.53|
|Total liabilities and owners’ (or|||
||2,940,104,592.52|2,894,803,695.44|
|shareholders’) equity|||

Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He 3. Consolidated income statement for the reporting period
Prepared by Changchai Company, Limited
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jul.-Sept. 2014|Jul.-Sept. 2013|
|I. Total operating revenues|596,251,102.70|703,876,673.50|
|Including: Sales income|596,251,102.70|703,876,673.50|
|Interest income|||
|Premium income|||
|Handling charge and|||
|commission income|||
|II. Total operating cost|583,601,181.96|684,786,271.72|
|Including: Cost of sales|526,155,740.49|627,000,282.35|

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|Interest expenses|||
|Handling charge and|||
|commission expenses|||
|Surrenders|||
|Net claims paid|||
|Net amount withdrawn for the|||
|insurance contract reserve|||
|Expenditure on policy dividends|||
|Reinsurance premium|||
|Taxes and associate charges|262,580.46|77,709.39|
|Selling and distribution expenses|29,413,885.37|32,197,292.46|
|Administrative expenses|27,416,496.91|27,636,536.53|
|Financial expenses|-1,047,390.27|-2,125,549.01|
|Asset impairment loss|1,399,869.00||
|Add: Gain/(loss) from change in fair|||
|value (“-” means loss)|||
|Gain/(loss) from investment (“-”|||
||7,852,349.51|719,889.97|
|means loss)|||
|Including: share of profits in|||
|associates and joint ventures|||
|Foreign exchange gains (“-”|||
|means loss)|||
|III. Business profit (“-” means loss)|20,502,270.25|19,810,291.75|
|Add: non-operating income|710,371.45|1,249,478.58|
|Less: non-operating expense|1,069,978.47|1,068,029.49|
|Including: loss from non-current|||
|asset disposal|||
|IV. Total profit (“-” means loss)|20,142,663.23|19,991,740.84|
|Less: Income tax expense|3,228,271.47|2,923,301.36|
|V. Net profit (“-” means loss)|16,914,391.76|17,068,439.48|
|Including: Net profit achieved by|||
|combined parties before the|||
|combinations|||
|Attributable to owners of the|||
||16,740,470.13|17,044,723.04|
|Company|||
|Minority shareholders’ income|173,921.63|23,716.44|

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|VI. Earnings per share|--|--|
|(I) Basic earnings per share|0.03|0.03|
|(II) Diluted earnings per share|0.03|0.03|
|Ⅶ. Other comprehensive incomes|39,997,744.67|12,338,508.12|
|Including: Other comprehensive|||
|incomes items that cannot be|||
|reclassified as gains and losses in the|||
|subsequent accounting periods|||
|Other comprehensive incomes items|||
|that will be reclassified as gains and|||
|losses in the subsequent accounting|39,997,744.67|12,338,508.12|
|periods as relevant requirements are|||
|met|||
|Ⅷ. Total comprehensive incomes|56,912,136.43|29,406,947.60|
|Attributable to owners of the|||
||56,738,214.80|29,383,231.16|
|Company|||
|Attributable to minority shareholders|173,921.63|23,716.44|

 Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He 4. Income statement of the Company for the reporting period
Prepared by Changchai Company, Limited
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jul.-Sept. 2014|Jul.-Sept. 2013|
|I. Total sales|601,452,898.73|710,804,975.97|
|Less: cost of sales|536,307,945.22|640,127,395.09|
|Business taxes and surcharges|||
|Distribution expenses|28,600,872.12|31,351,340.28|
|Administrative expenses|23,247,390.37|23,995,526.79|
|Financial costs|-1,450,261.90|-2,678,190.22|
|Impairment loss|1,399,869.00||
|Add: gain/(loss) from change in fair|||
|value (“-” means loss)|||
|Gain/(loss) from investment (“-”|||
||6,215,908.66||
|means loss)|||
|Including: income form investment|||
|on associates and joint ventures|||

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|II. Business profit (“-” means loss)|19,562,992.58|18,008,904.03|
|Add: non-business income|534,059.39|1,040,592.41|
|Less: non-business expense|1,038,571.44|1,068,029.49|
|Including: loss from non-current|||
|||17,207.16|
|asset disposal|||
|III. Total profit (“-” means loss)|19,058,480.53|17,981,466.95|
|Less: income tax expense|3,035,821.48|2,583,560.34|
|IV. Net profit (“-” means loss)|16,022,659.05|15,397,906.61|
|V. Earnings per share|--|--|
|(I) Basic earnings per share|0.03|0.03|
|(II) Diluted earnings per share|0.03|0.03|
|VI. Other comprehensive income|39,968,762.75|12,293,125.00|
|Including: Other comprehensive|||
|incomes items that cannot be|||
|reclassified as gains and losses in the|||
|subsequent accounting periods|||
|Other comprehensive incomes items|||
|that will be reclassified as gains and|||
|losses in the subsequent accounting|39,968,762.75|12,293,125.00|
|periods as relevant requirements are|||
|met|||
|VII. Total comprehensive income|55,991,421.80|27,691,031.61|

 Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He 5. Consolidated income statement for Jan.-Sept. 2014
Prepared by Changchai Company, Limited
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Sept. 2014|Jan.-Sept. 2013|
|I. Total operating revenues|1,936,127,304.42|2,301,579,371.96|
|Including: Sales income|1,936,127,304.42|2,301,579,371.96|
|Interest income|||
|Premium income|||
|Handling charge and commission|||
|income|||
|II. Total operating cost|1,884,318,838.47|2,247,354,386.78|
|Including: Cost of sales|1,711,640,499.12|2,059,961,179.87|

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|Interest expenses|||
|Handling charge and commission|||
|expenses|||
|Surrenders|||
|Net claims paid|||
|Net amount withdrawn for the|||
|insurance contract reserve|||
|Expenditure on policy dividends|||
|Reinsurance premium|||
|Taxes and associate charges|577,867.86|355,059.52|
|Selling and distribution expenses|87,937,699.44|96,398,030.31|
|Administrative expenses|90,299,073.75|101,733,682.68|
|Financial expenses|-8,179,953.05|-9,738,342.49|
|Asset impairment loss|2,043,651.35|-1,355,223.11|
|Add: Gain/(loss) from change in fair|||
|value (“-” means loss)|||
|Gain/(loss) from investment (“-”|||
||9,325,019.68|13,072,696.77|
|means loss)|||
|Including: share of profits in|||
|associates and joint ventures|||
|Foreign exchange gains (“-” means|||
|loss)|||
|III. Business profit (“-” means loss)|61,133,485.63|67,297,681.95|
|Add: non-operating income|7,928,834.07|3,693,757.88|
|Less: non-operating expense|6,675,426.07|3,777,259.74|
|Including: loss from non-current|||
||61,479.60|17,207.16|
|asset disposal|||
|IV. Total profit (“-” means loss)|62,386,893.63|67,214,180.09|
|Less: Income tax expense|10,322,416.53|10,276,942.77|
|V. Net profit (“-” means loss)|52,064,477.10|56,937,237.32|
|Including: Net profit achieved by|||
|combined parties before the|||
|combinations|||
|Attributable to owners of the|||
||51,043,900.62|56,909,920.20|
|Company|||
|Minority shareholders’ income|1,020,576.48|27,317.12|

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|VI. Earnings per share|--|--|
|(I) Basic earnings per share|0.09|0.1|
|(II) Diluted earnings per share|0.09|0.1|
|VII. Other comprehensive incomes|40,033,793.42|-87,801,600.00|
|Including: Other comprehensive|||
|incomes items that cannot be|||
|reclassified as gains and losses in the|||
|subsequent accounting periods|||
|Other comprehensive incomes items|||
|that will be reclassified as gains and|||
|losses in the subsequent accounting|40,033,793.42|-87,801,600.00|
|periods as relevant requirements are|||
|met|||
|VIII. Total comprehensive incomes|92,098,270.52|-30,864,362.68|
|Attributable to owners of the|||
|||-30,891,679.80|
|Company|91,077,694.04||
|Attributable to minority shareholders|1,020,576.48|27,317.12|

 Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He 6. Income statement of the Company for Jan.-Sept. 2014
Prepared by Changchai Company, Limited
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Sept. 2014|Jan.-Sept. 2013|
|I. Total sales|1,956,450,412.84|2,322,130,140.25|
|Less: cost of sales|1,748,726,671.54|2,099,970,095.94|
|Business taxes and surcharges|||
|Distribution expenses|84,281,274.85|92,491,096.15|
|Administrative expenses|78,652,824.64|90,191,726.51|
|Financial costs|-10,240,790.06|-11,471,022.16|
|Impairment loss|2,043,651.35|-1,355,223.11|
|Add: gain/(loss) from change in fair|||
|value (“-” means loss)|||
|Gain/(loss) from investment (“-”|||
||9,276,302.33|12,133,439.60|
|means loss)|||
|Including: income form investment|||
|on associates and joint ventures|||

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|II. Business profit (“-” means loss)|62,263,082.85|64,436,906.52|
|Add: non-business income|6,750,419.19|2,213,178.67|
|Less: non-business expense|6,597,872.75|3,777,146.24|
|Including: loss from non-current|||
||61,479.60|17,207.16|
|asset disposal|||
|III. Total profit (“-” means loss)|62,415,629.29|62,872,938.95|
|Less: income tax expense|9,568,892.09|9,505,940.84|
|IV. Net profit (“-” means loss)|52,846,737.20|53,366,998.11|
|V. Earnings per share|--|--|
|(I) Basic earnings per share|0.09|0.1|
|(II) Diluted earnings per share|0.09|0.1|
|VI. Other comprehensive income|39,967,062.75|-87,801,600.00|
|Including: Other comprehensive|||
|incomes items that cannot be|||
|reclassified as gains and losses in the|||
|subsequent accounting periods|||
|Other comprehensive incomes items|||
|that will be reclassified as gains and|||
|losses in the subsequent accounting|39,967,062.75|-87,801,600.00|
|periods as relevant requirements are|||
|met|||
|VII. Total comprehensive income|92,813,799.95|-34,434,601.89|

 Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He 7. Consolidated cash flow statement for Jan.-Sept. 2014
Prepared by Changchai Company, Limited
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Sept. 2014|Jan.-Sept. 2013|
|I. Cash flows from operating activities:|||
|Cash received from sale of|||
||1,957,387,089.38|2,390,257,724.31|
|commodities and rendering of service|||
|Net increase of deposits from|||
|customers and dues from banks|||
|Net increase of loans from the central|||
|bank|||
|Net increase of funds borrowed from|||

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|other financial institutions|||
|Cash received from premium of|||
|original insurance contracts|||
|Net cash received from reinsurance|||
|business|||
|Net increase of deposits of policy|||
|holders and investment fund|||
|Net increase of disposal of tradable|||
|financial assets|||
|Cash received from interest, handling|||
|charges and commissions|||
|Net increase of intra-group|||
|borrowings|||
|Net increase of funds in repurchase|||
|business|||
|Tax refunds received|27,929,664.35|36,808,418.49|
|Other cash received relating to|||
||22,276,735.86|33,432,303.86|
|operating activities|||
|Subtotal of cash inflows from operating|||
||2,007,593,489.59|2,460,498,446.66|
|activities|||
|Cash paid for goods and services|1,795,061,598.18|2,137,926,501.00|
|Net increase of customer lendings|||
|and advances|||
|Net increase of funds deposited in the|||
|central bank and amount due from|||
|banks|||
|Cash for paying claims of the original|||
|insurance contracts|||
|Cash for paying interest, handling|||
|charges and commissions|||
|Cash for paying policy dividends|||
|Cash paid to and for employees|198,752,708.68|215,945,086.79|
|Various taxes paid|39,705,485.13|32,358,056.43|
|Other cash payment relating to|||
||50,256,156.25|63,953,430.12|
|operating activities|||
|Subtotal of cash outflows from|||
||2,083,775,948.24|2,450,183,074.34|
|operating activities|||
|Net cash flows from operating activities|-76,182,458.65|10,315,372.32|

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|II. Cash flows from investing activities:|||
|Cash received from withdrawal of|||
|||0.00|
|investments|||
|Cash received from return on|||
||7,423,437.46|11,778,757.17|
|investments|||
|Net cash received from disposal of|||
|fixed assets, intangible assets and other|253,982.43|514,087.16|
|long-term assets|||
|Net cash received from disposal of|||
||1,027,642.33||
|subsidiaries or other business units|||
|Other cash received relating to|||
||1,500,000.00|5,000,000.00|
|investing activities|||
|Subtotal of cash inflows from investing|||
||10,205,062.22|17,292,844.33|
|activities|||
|Cash paid to acquire fixed assets,|||
|intangible assets and other long-term|75,880,276.25|70,457,843.34|
|assets|||
|Cash paid for investment||0.00|
|Net increase of pledged loans|||
|Net cash paid to acquire subsidiaries|||
||23,850,000.00||
|and other business units|||
|Other cash payments relating to|||
||14,500,000.00|21,000,000.00|
|investing activities|||
|Subtotal of cash outflows from|||
||114,230,276.25|91,457,843.34|
|investing activities|||
|Net cash flows from investing activities|-104,025,214.03|-74,164,999.01|
|III. Cash Flows from Financing|||
|Activities:|||
|Cash received from capital|||
|contributions|||
|Including: Cash received from|||
|minority shareholder investments by|||
|subsidiaries|||
|Cash received from borrowings|20,000,000.00|60,000,000.00|
|Cash received from issuance of|||
|bonds|||
|Other cash received relating to|||
|||4,955.77|
|financing activities|||

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|Subtotal of cash inflows from financing|||
||20,000,000.00|60,004,955.77|
|activities|||
|Repayment of borrowings|30,000,000.00|50,000,000.00|
|Cash paid for interest expenses and|||
||9,329,628.74|14,214,780.86|
|distribution of dividends or profit|||
|Including: dividends or profit paid|||
||553,400.00||
|by subsidiaries to minority shareholders|||
|Other cash payments relating to|||
|financing activities|||
|Sub-total of cash outflows from|||
||39,329,628.74|64,214,780.86|
|financing activities|||
|Net cash flows from financing activities|-19,329,628.74|-4,209,825.09|
|IV. Effect of foreign exchange rate|||
|||-16,651.17|
|changes on cash and cash equivalents|||
|V. Net increase in cash and cash|||
||-199,537,301.42|-68,076,102.95|
|equivalents|||
|Add: Opening balance of cash and|||
||610,882,216.18|637,004,823.27|
|cash equivalents|||
|VI. Closing balance of cash and cash|||
||411,344,914.76|568,928,720.32|
|equivalents|||

Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He 8. Cash flow statement of the Company for Jan.-Sept. 2014
Prepared by Changchai Company, Limited
Unit: RMB Yuan
||||
|-|-|-|
|Item|Jan.-Sept. 2014|Jan.-Sept. 2013|
|I. Cash flows from operating activities:|||
|Cash received from sale of|||
||1,976,754,861.03|2,381,526,332.96|
|commodities and rendering of service|||
|Tax refunds received|27,929,664.35|36,808,418.49|
|Other cash received relating to|||
||19,897,990.45|32,531,113.46|
|operating activities|||
|Subtotal of cash inflows from operating|||
||2,024,582,515.83|2,450,865,864.91|
|activities|||
|Cash paid for goods and services|1,859,470,070.77|2,163,371,698.51|
|Cash paid to and for employees|183,443,698.38|191,311,098.27|

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|Various taxes paid|32,335,971.13|27,990,532.66|
|Other cash payment relating to|||
||44,244,209.96|55,818,356.32|
|operating activities|||
|Subtotal of cash outflows from|||
||2,119,493,950.24|2,438,491,685.76|
|operating activities|||
|Net cash flows from operating activities|-94,911,434.41|12,374,179.15|
|II. Cash flows from investing activities:|||
|Cash received from retraction of|||
|investments|||
|Cash received from return on|||
||9,527,100.00|11,560,000.00|
|investments|||
|Net cash received from disposal of|||
|fixed assets, intangible assets and other|253,982.43|488,087.16|
|long-term assets|||
|Net cash received from disposal of|||
||1,027,642.33||
|subsidiaries or other business units|||
|Other cash received relating to|||
|investing activities|||
|Subtotal of cash inflows from investing|||
||10,808,724.76|12,048,087.16|
|activities|||
|Cash paid to acquire fixed assets,|||
|intangible assets and other long-term|69,850,240.35|64,712,772.03|
|assets|||
|Cash paid for investment|||
|Net cash paid to acquire subsidiaries|||
||24,626,700.00||
|and other business units|||
|Other cash payments relating to|||
|investing activities|||
|Subtotal of cash outflows from|||
||94,476,940.35|64,712,772.03|
|investing activities|||
|Net cash flows from investing activities|-83,668,215.59|-52,664,684.87|
|III. Cash Flows from Financing|||
|Activities:|||
|Cash received from capital|||
|contributions|||
|Cash received from borrowings|||
|Cash received from issuance of|||
|bonds|||

Report for the Third Quarter of 2014 of Changchai Company, Limited
||||
|-|-|-|
|Other cash received relating to|||
|financing activities|||
|Subtotal of cash inflows from financing|||
|||0.00|
|activities|||
|Repayment of borrowings||0.00|
|Cash paid for interest expenses and|||
||8,420,614.89|14,214,780.86|
|distribution of dividends or profit|||
|Other cash payments relating to|||
|financing activities|||
|Sub-total of cash outflows from|||
||8,420,614.89|14,214,780.86|
|financing activities|||
|Net cash flows from financing activities|-8,420,614.89|-14,214,780.86|
|IV. Effect of foreign exchange rate|||
|changes on cash and cash equivalents|||
|V. Net increase in cash and cash|||
||-187,000,264.89|-54,505,286.58|
|equivalents|||
|Add: Opening balance of cash and|||
||574,440,388.77|605,259,198.95|
|cash equivalents|||
|VI. Closing balance of cash and cash|||
||387,440,123.88|550,753,912.37|
|equivalents|||

Legal representative: Xue Guojun Chief of the accounting work: He Jianguang Chief of the accounting organ: Jiang He II. Audit report
Is this report audited?
□ Yes√ No
This report is not audited.