2018 First Quarter Report
Of
Chongqing Changan Automobile Company Limited
April, 2018
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 trueness, accuracy and completeness of the contents of this report.
All directors attended the board meeting for reviewing the first quarter report.
The Chairman of the Board Zhang Baolin, the Chief Financial Officer Zhang Deyong and the responsible person of the accounting institution (Accountant in charge) Chen Jianfeng hereby declare that the Financial Statements enclosed in this annual report are true, accurate and complete.
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
|||||
|-|-|-|-|
|||The same period of last||
||The reporting period||Variance (%)|
|||year||
|Operating income|20,010,746,940.77|17,667,498,708.59|13.26%|
|Net profit attributable to shareholders of|1,391,793,407.67|2,401,344,788.39||
||||-42.04%|
|the Company||||
|Net profit excluding non-recurring gains||||
|and losses attributable to shareholders of|896,758,297.55|2,271,469,057.47|-60.52%|
|listed company||||
|cash flow from operating activities|2,636,312,735.66|4,326,402,675.44|-39.06%|
|Basic earnings per share|0.29|0.50|-42.00%|
|Diluted earnings per share|-|-||
|Weighted average return on net assets|2.88%|5.36%|Down 2.48 points|
||The reporting period|End of 2017|Variance (%)|
|Total assets|107,165,793,150.29|106,125,114,622.69|0.98%|
|Net assets attributable to shareholders of|48,969,278,421.57|47,598,690,942.28|2.88%|
|listed company||||

Accidental gain/loss item and amount
√ Applicable□ Not applicable
In RMB Yuan
||||||
|-|-|-|-|-|
|Item|||Amount of the period from the|Explanation|
||||beginning of year to the end of||
||||report term||
|Gain/loss of non-current assets|||-1,838,463.53||
|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.||623,721,189.14|||
|Other non-business income and expenditures other than the above|||-5,325,205.40||
|Less: Influenced amount of income tax|||120,356,850.16||
|Influenced amount of minority shareholders’ equity|||1,165,559.93||
||Total||495,035,110.12||

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 tradable 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|Totaled 200,969, of which 170,734 were A share shareholders and 30,235 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|40.88||1,963,357,619|139,762,403|No pledge or|||
|||||||||0|
|||||||frozen|||
|China securities finance Co, Ltd|domestic generallegal person shares|4.55||218,580,149||No pledge or|||
|||||||||0|
|||||||frozen|||
|United Prosperity Investment Co.,Limited|foreign legalperson shares|2.23||107,267,728||No pledge or|||
|||||||||0|
|||||||frozen|||
|GIC PRIVATE LIMITED|foreign legalperson shares|1.68||80,893,572||No pledge or|||
|||||||||0|
|||||||frozen|||
|Central Huijin Investment Ltd.|domestic generallegal person shares|1.15||55,393,100||No pledge or|||
|||||||||0|
|||||||frozen|||
|VALUE PARTNERSHIGH-DIVIDEND STOCKS FUNDS|foreign legalperson shares|0.75||36,251,359||No pledge or|||
|||||||||0|
|||||||frozen|||
|Anbang AM-China Merchants Bank-Anbang Asset -Win - win No. 3 AMProduct|fund, financeproducts, etc.|0.67||32,070,942|||||
|||||||No pledge or|||
|||||||||0|
|||||||frozen|||
|Anbang AM-China Minsheng Bank-Anbang Asset -Refined Mix No. 5 AMProduct|fund, financeproducts, etc.|0.65||31,082,094|||||
|||||||No pledge or|||
|||||||||0|
|||||||frozen|||
|Monetary Authority of Singapore|foreign legalperson shares|0.54||25,908,297||No pledge or|||
|||||||||0|
|||||||frozen|||
|Hongkong Central Clearing Co., Ltd.|foreign legalperson shares|0.42||19,934,548||No pledge or|||
|||||||||0|
|||||||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||RMB Ordinary share||1,823,595,216||
|China securities finance Co, Ltd|||218,580,149||RMB Ordinary share||218,580,149||
|United Prosperity Investment Co., Limited|||107,267,728||Domestic listed foreign||107,267,728||
||||||shares||||
|GIC PRIVATE LIMITED|||80,893,572||Domestic listed foreign||80,893,572||
||||||shares||||
|Central Huijin Investment Ltd.|||55,393,100||RMB Ordinary share||55,393,100||
|VALUE PARTNERS HIGH-DIVIDEND STOCKS FUNDS|||36,251,359||Domestic listed foreign||36,251,359||
||||||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 Minsheng Bank- Anbang Asset -Refined MixNo. 5 AM Product|||31,082,094||||31,082,094||
||||||RMB Ordinary share||||
|Monetary Authority of Singapore|||25,908,297||Domestic listed foreign||25,908,297||
||||||shares||||
|Hongkong Central Clearing Co., Ltd.|||19,934,548||RMB Ordinary share||19,934,548||
||||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 tradable 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
||||||
|-|-|-|-|-|
|Number|Balance Sheet Items|Mar. 31st,2018|Jan. 1st, 2018|Changes (%)|
|1|Prepayment|1,457,647,770.25|1,102,239,931.33|32.24%|
|2|Payroll payable|895,510,802.07|1,640,885,322.33|-45.43%|
|3|Taxes payable|233,829,347.30|394,321,397.14|-40.70%|
|4|Other comprehensive income|53,362,384.67|82,959,423.84|-35.68%|
||Income Statement Items|Jan-Mar 2018|Jan-Mar 2017|Changes (%)|
|1|G&A expenses|925,601,068.52|642,428,393.22|44.08%|
|2|Investment gains|1,148,431,489.58|2,223,145,550.04|-48.34%|
|3|Income tax expense|17,667,374.07|57,720,351.87|-69.39%|
||Cash Flow Statement Items|Jan-Mar 2018|Jan-Mar 2017|Changes (%)|
|1|Net Cash flow generated bybusiness operation|2,636,312,735.66|4,326,402,675.44|-39.06%|
|2|Net Cash flow generated byInvestment|-1,683,776,880.84|-804,547,534.10|-109.28%|
|3|Net Cash flow generated byfinancing|758,546,761.56|460,306,863.08|64.79%|
|4|Net increase of cash and cashequivalents|1,712,679,597.26|3,982,739,412.19|-57.00%|

As at the end of reporting period, theCompany’s total asset was 107.166 billion Yuan, with0.98% growth compared with the beginning of the year; the total liability was 58.367 Billion Yuan, with0.21% growth compared with the beginning of the year; the debt asset ratio was54.46%, which was0.82% lower than that at the beginning of the year. Compared with the beginning of the year, the increase of prepayments is mainly due to the increase of the company's advance payment of import transmission, steel and other goods; the balance of payroll payable reduced at the beginning of the year, mainly due to the decrease in the salary payable by the company; the balance of taxes payable reduced at the beginning of the year, mainly due to the reclassification of the debit balance of the VAT; the balance of other comprehensive income is lower than that at the beginning of the year, mainly due to the decrease in the fair value of the Southwest Securities equity held by the company.
During the reporting period, theG&A expenses increased significantly over the same period of the previous year, mainly due to the increase ofemployees’ salary; the investment income greatly reduced mainly due to a substantial decrease in the investment income of Changan Ford; the income tax expense greatly reduced mainly due to the reduction of deferred income tax assets.
During the reporting period, the cash and cash equivalent increased by 1.713 billion Yuan, down by57.00% on a year-on-year basis, mainly resulting from the significant decrease in net cash flow from operating activities and substantial decrease in net cash flow from investment. The net cash flow generated from operating activities was 2.636 billion Yuan, down by39.06%, the main reason was 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 amount of cash flow generated by investment activities is -1.684 billion yuan, down by109.28%, mainly due to the substantial increase in the cash purchase of fixed assets, intangible assets and other long term assets. The net cash flow from financing activities is 0.759 billion yuan, a year-on-year increase of64.79%, mainly due to the increase in cash received from other cash-related activities and more debt repayments (acceptance of bills of exchange and an increase in deposit of letter credit).
3.2 The progress and influence of significant events and the analysis and explanation on resolving proposal√Applicable□Not Applicable
Changan announced in March 16th, 2018 that the company's controlling shareholder China Changan planned to transfer the 1,035,312,673 A shares(21.56% of the total shares) to South Industries without any compensation. The share transfer is the adjustment of the assets structure within South Industries. After the completion of the share transfer, it will be beneficial for the
Chongqing Changan to refine and expand the car business and further promote the development of Chongqing Changan.
The holding shareholder and the actual controller will not change after the share transfer. The holding shareholder is still China Changan, and the actual controller is still South Industries. The share transfer shall be implemented after the approval of the SASAC of the State Council, and complete the registration of ownership transfer and the registration of industrial and commercial change. 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
During the reporting period, the company's actual controllers, shareholders, related parties, purchasers and companies and other commitment partiesdon’t have any overdue unfulfilled commitments.
3.4 Forecast of operation performance from Jan.– June of 2018
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%|154,780,000|-|financial||
|||Securities|||||||||investment|
|||||||||||assets||
|Total|||50,000,000.|35,500,000|--|35,500,000|--|154,780,000|-|--|--|

 3.6 Derivative Investment
□Applicable√Not Applicable
During the company's reporting period, there is no derivative investment.
3.7 Interviews and visits in the reporting period
√Applicable□Not Applicable
|||||
|-|-|-|-|
|Date|Manner|Object|Content discussed and material offered|
|2018.1.4|On-Site Survey|Institution|For details, see the January 5, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: January 4, 2018 investorrelations activities record sheet|
|2018.1.11|On-Site Survey|Institution|For details, see the January 15, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: January 11, 2018 investorrelations activities record sheet|
|2018.1.17|On-Site Survey|Institution|For details, see the January 19, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: January 17, 2018 investorrelations activities record sheet|
|2018.1.18|On-Site Survey|Institution|For details, see the January 19, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan automobile: February 18, 2018 investorrelations activities record sheet|
|2018.1.24|On-Site Survey|Institution|For details, see the January 25, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: January 24, 2018 investorrelations activities record sheet|
|2018.1.26|On-Site Survey|Institution|For details, see the January 30, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: January 26, 2018 investorrelations activities record sheet|
|2018.2.12|On-Site Survey|Institution|For details, see the February 13, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: February 12, 2018 investorrelations activities record sheet|
|2018.3.6|On-Site Survey|Institution|For details, see the March 8, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: March 6, 2018 investorrelations activities record sheet|

|||||
|-|-|-|-|
|2018.3.8|On-Site Survey|Institution|For details, see the March 12, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: March 8, 2018 investorrelations activities record sheet|
|2018.3.13|On-Site Survey|Institution|For details, see the March 16, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: March 13, 2018 investorrelations activities record sheet|
|2018.3.15|On-Site Survey|Institution|For details, see the March 19, 2018 Shenzhen stock exchange interactive(http://irm.cninfo.com.cn) on the Changan Automobile: March 15, 2018 investorrelations activities record sheet|

3.8 Illegal external guarantee
□Applicable√Not Applicable
The companydoesn’t violate the rules of external guarantee during the reporting period.
3.9 Controlling shareholder and its related parties to the listing Corporation's non-operating funds
□Applicable√Not Applicable
During the reporting period, there is no non-operating capital occupied by the controlling shareholder and its related parties to the listed company.
Chapter 4 Financial Statements
4.1 Financial Statements
4.1.1 Consolidated Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.
March 31, 2018
in RMB yuan
||||
|-|-|-|
|Account|Ending Balance|Opening Balance|
|Current assets:|||
|Cash|23,561,307,961.25|22,631,536,496.53|
|Notes receivable|26,200,239,304.87|29,156,481,085.20|
|Accounts receivable|2,057,606,971.56|1,806,807,193.04|
|Prepayments|1,457,647,770.25|1,102,239,931.33|
|Interest receivable|57,507,076.38|42,184,263.88|
|Other receivables|2,057,274,320.11|1,645,276,455.04|
|Inventories|5,144,161,501.61|4,666,183,421.80|
|Other current assets|1,487,987,262.89|1,705,910,530.43|
|Total current assets|62,023,732,168.92|62,756,619,377.25|
|Non-current assets:|||
|Available-for-sale financial assets|532,332,000.00|541,917,000.00|
|Long-term equity investments|15,246,955,386.54|14,098,523,896.97|
|Investment properties|7,499,594.95|7,556,272.84|
|Fixed assets|18,778,648,366.50|19,044,528,950.70|
|Construction in progress|4,055,708,962.21|3,234,173,155.52|
|Liquidation of fixed assets|19,383.75|4,716.98|
|Intangible assets|4,046,036,317.39|4,047,945,129.67|
|Development expenditure|898,920,102.03|836,638,328.10|
|Goodwill|9,804,394.00|9,804,394.00|
|Long-term deferred expenses|14,142,210.39|13,545,589.39|
|Deferred tax assets|1,551,991,186.60|1,533,857,811.27|
|Other non-current assets|3,077.01|-|
|Total non-current assets|45,142,060,981.37|43,368,495,245.44|
|TOTAL ASSETS|107,165,793,150.29|106,125,114,622.69|
|Current liabilities:|||
|Short-term loans|170,000,000.00|185,000,000.00|
|Notes payable|19,509,211,982.04|18,002,926,579.81|
|Accounts payable|21,148,389,694.63|21,902,826,194.15|

|||||||
|-|-|-|-|-|-|
||Advances from customers||3,519,075,960.34||3,878,382,556.43|
||Payroll payable||895,510,802.07||1,640,885,322.33|
||Taxes payable||233,829,347.30||394,321,397.14|
||Dividend payables||79,742.80||79,742.80|
||Other payables||1,928,732,185.80||2,599,013,410.98|
|Non-current liabilities within one year||13,423,420.00||13,151,946.67||
||Other current liabilities||3,894,474,659.13||3,562,154,645.82|
||Total current liabilities||51,312,727,794.11||52,178,741,796.13|
||Non-current liabilities:|||||
||Long-term loans||-||6,575,973.33|
||Long-term employee benefit payables||108,135,445.58||113,012,000.00|
||Special payables||293,652,539.96||290,607,151.02|
||Provisions||2,758,562,708.75||2,423,958,274.70|
||Deferred Revenue||3,871,695,890.68||3,627,817,419.05|
||Deferred tax liabilities||21,840,476.02||21,222,750.00|
||Total non-current liabilities||7,053,887,060.99||6,483,193,568.10|
||Total liabilities||58,366,614,855.10||58,661,935,364.23|
|Owners’ equity (or Shareholders’ equity):||||||
||Paid up capital (or Share capital)||4,802,648,511.00||4,802,648,511.00|
||Capital reserves||5,099,405,956.94||5,099,405,956.94|
||Other consolidated income||53,362,384.67||82,959,423.84|
||Special reserves||36,670,843.85||28,279,733.06|
||Surplus reserves||2,401,324,255.50||2,401,324,255.50|
||Retained earnings||36,575,866,469.61||35,184,073,061.94|
||Equity attributable to owners||48,969,278,421.57||47,598,690,942.28|
||Minority interests||-170,100,126.38||-135,511,683.82|
|Total Owners’ equity (or Shareholders’ equity)|||48,799,178,295.19||47,463,179,258.46|
|Liabilities and owners' equity (or shareholders' equity) in total||107,165,793,150.29||106,125,114,622.69||

 4.1.2 Balance Sheet
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD. in RMB yuan
||||
|-|-|-|
|Account|Ending Balance|Opening Balance|
|Current assets:|||
|Cash|22,220,802,668.06|20,634,514,487.95|
|Notes receivable|25,673,637,777.48|29,010,848,480.70|
|Accounts receivable|5,242,044,063.85|4,991,996,591.00|
|Prepayments|1,330,235,317.35|960,555,695.17|
|Interest receivable|57,507,076.38|42,184,263.88|
|Other receivables|2,089,456,700.59|1,723,723,602.89|
|Inventories|4,266,963,044.46|4,005,921,440.85|
|Other current assets|1,080,177,044.03|1,178,094,749.84|
|Total current assets|61,960,823,692.20|62,547,839,312.28|
|Non-current assets:|||

||||||
|-|-|-|-|-|
|Available-for-sale financial assets||522,422,000.00||532,007,000.00|
|Long-term equity investments||16,942,175,126.12||15,786,743,636.55|
|Fixed assets||15,330,904,251.74||15,582,899,632.64|
|Construction in progress||3,486,657,394.98||2,763,521,275.98|
|Intangible assets||3,365,262,040.45||3,341,218,169.73|
|Development expenditure||704,019,999.92||733,947,670.46|
|Long-term deferred expenses||12,851,515.57||12,821,802.39|
|Deferred tax assets||1,424,499,701.05||1,421,165,907.17|
|Total non-current assets||41,788,792,029.83||40,174,325,094.92|
|TOTAL ASSETS||103,749,615,722.03||102,722,164,407.20|
|Current liabilities:|||||
|Notes payable||18,329,797,582.04||16,874,603,207.01|
|Accounts payable||18,869,389,781.31||19,476,620,759.93|
|Advances from customers||3,304,950,183.73||3,724,183,178.58|
|Payroll payable||745,315,149.03||1,377,250,229.66|
|Taxes payable||263,883,051.90||320,050,382.91|
|Other payables||2,604,472,675.51||3,181,207,281.30|
|Other current liabilities||3,491,645,632.10||3,453,269,881.59|
|Total current liabilities||47,609,454,055.62||48,407,184,920.98|
|Non-current liabilities:|||||
|Long-term employee benefit payables||86,631,275.94||91,263,000.00|
|Special payables||238,301,830.56||235,256,441.62|
|Provisions||2,623,604,373.66||2,380,971,255.26|
|Deferred Revenue||2,867,088,136.35||2,879,604,719.46|
|Deferred tax liabilities||19,785,000.00||21,222,750.00|
|Total non-current liabilities||5,835,410,616.51||5,608,318,166.34|
|Total liabilities||53,444,864,672.13||54,015,503,087.32|
|Owners’ equity (or Shareholders’ equity):|||||
|Paid up capital (or Share capital)||4,802,648,511.00||4,802,648,511.00|
|Capital reserves||4,717,192,101.72||4,717,192,101.72|
|Other consolidated income||124,373,160.88||132,520,410.88|
|Special reserves||16,107,066.31||12,013,706.73|
|Surplus reserves||2,401,324,255.50||2,401,324,255.50|
|Retained earnings||38,243,105,954.49||36,640,962,334.05|
|Total Owners’ equity (or Shareholders’|50,304,751,049.90||48,706,661,319.88||
|equity)|||||
|TOTAL LIABILITIES AND OWNERS ’|103,749,615,722.03||102,722,164,407.20||
|EQUITY( OR SHAREHOLDERS’ EQUITY)|||||

4.1.3 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|20,010,746,940.77|17,667,498,708.59|
|II. Total operating cost|20,389,516,370.09|17,599,041,756.59|
|Including: Operating cost|17,608,864,072.39|14,990,645,640.09|

|||||||
|-|-|-|-|-|-|
||Tax and surcharges||733,870,230.80||821,999,049.49|
||Operating expenses||1,244,708,672.52||1,261,065,351.21|
||General and administrative expenses||925,601,068.52||642,428,393.22|
||Financial expenses||-124,880,508.71||-116,396,575.66|
||Impairment loss on assets||1,352,834.57||-700,101.76|
||Add: Profit and loss from fair value changes (‘-‘ represent loss)||-||-|
||Investment income (‘-‘ represent loss)||1,148,431,489.58||2,223,145,550.04|
||Including: Investment income from associates and from joint venture||1,148,431,489.57||2,223,145,550.04|
|Asset disposal Income (‘-’ represent loss)||3,187,946.74||-832,329.25||
|Other Income|||612,605,944.25||145,814,963.04|
|III. Operating profit (‘-’ represent loss)||1,385,455,951.25||2,436,585,135.83||
||Add: Non-operating income||13,858,456.32||13,674,281.38|
||Less: Non-operating expenses||24,442,068.39||1,660,145.42|
|IV. Total profit(‘-’ represent loss)|||1,374,872,339.18||2,448,599,271.79|
||Less: Income tax expense||17,667,374.07||57,720,351.87|
|V. Net profit (‘-’ represent net loss)|||1,357,204,965.11||2,390,878,919.92|
|Net profit attributable to owners|||1,391,793,407.67||2,401,344,788.39|
||Minority interests||-34,588,442.56||-10,465,868.47|
||VI. After-tax other consolidated income||-29,597,039.17||-10,057,990.11|
||VII. Total amount of consolidated income||1,327,607,925.94||2,380,820,929.81|
||Consolidated income attributable to owners||1,362,196,368.50||2,391,286,798.28|
||Consolidated income attributable to minority||-34,588,442.56||-10,465,868.47|
||VIII. Earnings per share:|||||
||I) Basic earnings per share||0.29||0.50|
||II) Diluted earnings per share||0.29||0.50|

 4.1.4 Income Statement of the report term
Prepared by: CHONGQING CHANGAN AUTOMOBILE CO., LTD.. in RMB yuan
|||||||
|-|-|-|-|-|-|
||Account||Current Period||Prior Perid|
||I. Operating revenue||19,213,800,292.11||17,259,709,545.44|
||Less: Operating cost||16,928,271,741.42||15,084,595,268.80|
||Tax and surcharges||650,954,224.15||646,712,905.45|
||Operating expenses||1,162,227,767.63||1,154,460,309.36|
||General and administrative expenses||740,613,374.11||485,366,088.42|
||Financial expenses||-126,234,600.20||-104,592,074.84|
||Impairment loss on assets||646,710.64||195,913.03|
|Add: Profit and loss from fair value Changes (‘-’ represent loss)|||-||-|
|Investment income (‘-’ represent loss)|||1,149,969,197.43||2,222,264,079.92|
|Including: Investment income from associates and from joint venture||1,148,431,489.57||2,223,145,550.04||
|Asset disposal Income (‘-’ represent loss)||3,192,925.68||-445,008.15||
|Other Income||595,291,993.63||123,058,503.63||

|||||
|-|-|-|-|
|II. Operating profit (‘-’ represent loss)||1,605,829,191.10|2,337,848,710.62|
||Add: Non-operating income|10,480,635.46|11,653,490.42|
||Less: Non-operating expenses|17,500,000.00|1,660,440.95|
|III. Total profit(‘-’ represent loss)||1,598,809,826.56|2,347,841,760.09|
||Less: Income tax expense|-3,333,793.88|36,032,903.14|
|IV. Net profit (‘-’ represent net loss)||1,602,143,620.44|2,311,808,856.95|
|V. After-tax other consolidated income||-8,147,250.00|-4,899,000.00|
|VI. Total amount of consolidated income||1,593,996,370.44|2,306,909,856.95|

 4.1.5 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 Period|
|I. CASH FLOWS FROM OPERATING ACTIVITIES:||||||
|Cash received from sale of goods or rendering of services||24,813,884,558.55||26,591,192,519.62||
||Refunds of taxes||155,823,063.63||29,727,148.91|
|Cash received relating to other operating activities||1,228,231,229.46||616,874,915.76||
||Sub-total of cash inflows||26,197,938,851.64||27,237,794,584.29|
||Cash paid for goods and services||18,818,161,279.64||16,962,116,204.28|
|Cash paid to and on behalf of employees||2,032,314,303.62||2,072,824,939.33||
||Cash paid for all types of taxes||966,403,211.09||2,206,703,031.58|
|Cash paid relating to other operating activities||1,744,747,321.63||1,669,747,733.66||
||Sub-total of cash outflows||23,561,626,115.98||22,911,391,908.85|
|Net cash flows from operating activities||2,636,312,735.66||4,326,402,675.44||
|II. CASH FLOWS FROM INVESTING ACTIVITIES:||||||
||Net cash received from disposal of fixed assets, intangible assets and other|811,738.47||217,308.66||
||long-term assets|||||
||Sub-total of cash inflows||811,738.47||217,308.66|
|Cash paid for acquisition of fixed assets, intangible assets and otherlong-term assets||1,684,588,619.31||703,911,563.76||
|Cash paid for acquisition of investments|||-||100,840,000.00|
|Cash paid relating to other investing activities|||-||13,279.00|
||Sub-total of cash outflows||1,684,588,619.31||804,764,842.76|
|Net cash flows from investing activities||-1,683,776,880.84||-804,547,534.10||
|III. CASH FLOWS FROM FINANCING ACTIVITIES:||||||
||Cash received from borrowings||150,000,000.00||186,305,492.56|
||Cash received from the issue of bonds||-||-|
|Cash received relating to other financing activities||782,908,132.54||439,474,284.28||

|||||||
|-|-|-|-|-|-|
||Sub-total of cash inflows||932,908,132.54||625,779,776.84|
||Cash repayments of borrowings||171,300,000.00||160,000,000.00|
|Cash paid for distribution of dividends or profits and interest expenses||3,061,370.98||3,110,483.09||
|Cash paid relating to other financing activities||-||2,362,430.67||
||Sub-total of cash outflows||174,361,370.98||165,472,913.76|
|Net cash flows from financing activities||758,546,761.56||460,306,863.08||
|IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH||1,596,980.88||577,407.77||
|V. NET INCREASE IN CASH AND CASH EQUIVALENTS||1,712,679,597.26||3,982,739,412.19||
|Add: Opening balance of cash and cash equivalents||21,478,422,090.31||22,993,432,067.05||
|VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT||23,191,101,687.57||26,976,171,479.24||

 4.1.6 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 Period|
|I. CASH FLOWS FROM OPERATING ACTIVITIES:||||||
|Cash received from sale of goods or rendering of services||24,043,396,961.25||25,055,900,799.22||
|Cash received relating to other operating activities||843,542,276.55||406,946,568.95||
||Sub-total of cash inflows||24,886,939,237.80||25,462,847,368.17|
|Cash paid for goods and services||17,648,824,167.26||16,272,671,362.91||
|Cash paid to and on behalf of employees|||1,669,215,548.31||1,672,255,248.98|
|Cash paid for all types of taxes||739,200,376.02||1,876,545,799.33||
|Cash paid relating to other operating activities|||1,461,235,460.94||1,494,007,438.26|
||Sub-total of cash outflows||21,518,475,552.53||21,315,479,849.48|
|Net cash flows from operating activities|||3,368,463,685.27||4,147,367,518.69|
|II. CASH FLOWS FROM INVESTING ACTIVITIES:||||||
|Cash received from disposal of investments||839,201.56||-||
|Cash received from return on investments||1,800,416.67||6,556,013.22||
|Net cash received from disposal of fixed assets, intangible assets and otherlong-term assets||785,538.47||209,743.59||
|Cash received relating to other investing activities||-||166,000,000.00||
||Sub-total of cash inflows||3,425,156.70||172,765,756.81|
||Cash paid for acquisition of fixed assets, intangible assets and other|1,577,600,661.86||626,578,188.98||
||long-term assets|||||

|||||||
|-|-|-|-|-|-|
|Cash paid for acquisition of investments|||8,000,000.00||100,437,389.50|
|Cash paid relating to other investing activities||200,000,000.00||-||
||Sub-total of cash outflows||1,785,600,661.86||727,015,578.48|
|Net cash flows from investing activities||-1,782,175,505.16||-554,249,821.67||
|III. CASH FLOWS FROM FINANCING ACTIVITIES:||||||
|Cash received relating to other financing activities|||416,856,503.42||410,604,947.92|
||Sub-total of cash inflows||416,856,503.42||410,604,947.92|
||Net cash flows from financing activities||416,856,503.42||410,604,947.92|
|IV. EFFECT OF CHANGES IN EXCHANGE RATE ON CASH|||-||-|
|V. NET INCREASE IN CASH AND CASH EQUIVALENTS||2,003,144,683.53||4,003,722,644.94||
||Add: Opening balance of cash and cash equivalents||20,217,657,984.53||22,326,566,084.67|
|VI. CLOSING BALANCE OF CASH AND CASH EQUIVLANT||22,220,802,668.06||26,330,288,729.61||

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