The Report for the First Quarter of 2016—Changchai Company, Limited
Changchai Company, Limited
The Report for the First Quarter of 2016
April 2016
The Report for the First Quarter of 2016—Changchai Company, Limited
Section I Important Statements
The Board of Directors, the Supervisory Committee, directors, supervisors and senior
management staff of Changchai Company, Limited (hereinafter referred to as “the
Company”) warrant that the information carried in 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 have attended the board session for reviewing this report.
Xue Guojun, company principal, He Jianguang, chief of the accounting work, and
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.
The Report for the First Quarter of 2016—Changchai Company, Limited
Section II Financial Results and Changes in Shareholders
I Financial results
Whether the Company performed any retroactive adjustments to or restatement of its accounting data due to
changes of accounting policies or correction of accounting errors
□ Yes √ No
January-March 2016 January-March 2015 +/-%
Operating revenues (RMB) 654,517,225.08 650,305,530.50 0.65%
Net profit attributable to shareholders
24,282,056.99 17,279,138.61 40.53%
of the Company (RMB)
Net profit attributable to shareholders
of the Company after exceptional profit 24,946,954.15 15,137,500.97 64.80%
and loss (RMB)
Net operating cash flow (RMB) -5,947,696.22 1,795,087.91 ——
Basic earnings per share (RMB/share) 0.04 0.03 33.33%
Diluted earnings per share
0.04 0.03 33.33%
(RMB/share)
Weighted average return on equity (%) 1.22% 0.87% 0.35%
31 March 2016 31 December 2015 +/-%
Total assets (RMB) 3,197,334,506.97 3,232,406,102.20 -1.08%
Net assets attributable to shareholders
1,972,518,668.00 2,002,910,311.01 -1.52%
of the Company (RMB)
Exceptional profit and loss
√ Applicable □ Inapplicable
Unit: RMB
Item January-March 2016 Explanation
Gains/losses on the disposal of non-current assets
(including the offset part of the asset impairment 198,012.66
provisions)
Government grants recognized in the current period,
except for those acquired in the ordinary course of
153,000.00
business or granted at certain quotas or amounts
according to the government’s unified standards
Gains and losses on change in fair value from tradable
financial assets and tradable financial liabilities, as well
615,230.51
as investment income from disposal of tradable financial
assets and tradable financial liabilities and financial
The Report for the First Quarter of 2016—Changchai Company, Limited
assets available for sales except for effective hedging
related with normal businesses of the Company
Non-operating income and expense other than the above -1,679,028.98
Less: Income tax effects -47,888.65
Total -664,897.16 --
Explain the reasons if the Company classifies an item as exceptional profit/loss according to the definition in the
Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the
Public—Exceptional Profit and Loss, or classifies any exceptional profit/loss item mentioned in the said
explanatory announcement as recurrent profit/loss
□ Applicable √ Not applicable
No such cases in the Reporting Period.
II Total number of shareholders at the period-end and shareholdings of top ten shareholders
1. Numbers of common shareholders and preference shareholders with resumed voting rights as well as
shareholdings of top ten shareholders
Unit: share
Total number of
preference shareholders
Total number of common
54,693 with resumed voting
shareholders at the period-end
rights at the period-end (if
any)
Shareholdings of top ten shareholders
Pledged or frozen
Shareholding Number of shares
Nature of Number of
Name of shareholder percentage restricted shares Number
shareholder shares held Status of
(%) held of
shares
shares
State-owned Assets
Supervision and
On behalf of
Administration Commission of 30.43% 170,845,236
the State
Changzhou Municipal
People’s Government
Domestic
Huang Lihou 1.00% 5,600,000
individual
Overseas
KGI Asia Limited 0.57% 3,224,845
corporation
Domestic
Zhou You 0.56% 3,137,200
individual
The Report for the First Quarter of 2016—Changchai Company, Limited
BNP Paribas Wealth
Overseas
Management Hong Kong 0.55% 3,099,873
corporation
Branch
Domestic
Xu Xingying 0.52% 2,944,700
individual
Domestic
Wu Xiaoping 0.49% 2,775,300
individual
Domestic
Sun Haiyan 0.47% 2,644,897
individual
Domestic
Wang Jixiang 0.46% 2,555,200
individual
Bank of Communications Co.,
Ltd.-Changxin Quantified Core
Other 0.40% 2,271,889
Pioneer Mixed Investment
Fund
Shareholdings of top ten non-restricted shareholders
Number of non-restricted Variety of shares
Name of shareholder
shares held Variety Number
State-owned Assets Supervision and
Administration Commission of Changzhou 170,845,236 RMB ordinary shares 170,845,236
Municipal People’s Government
Huang Lihou 5,600,000 RMB ordinary shares 5,600,000
Domestically listed
KGI Asia Limited 3,224,845 3,224,845
foreign shares
Zhou You 3,137,200 RMB ordinary shares 3,137,200
BNP Paribas Wealth Management Hong Domestically listed
3,099,873 3,099,873
Kong Branch foreign shares
Xu Xingying 2,944,700 RMB ordinary shares 2,944,700
Wu Xiaoping 2,775,300 RMB ordinary shares 2,775,300
Sun Haiyan 2,644,897 RMB ordinary shares 2,644,897
Wang Jixiang 2,555,200 RMB ordinary shares 2,555,200
Bank of Communications Co., Ltd.-
Changxin Quantified Core Pioneer Mixed 2,271,889 RMB ordinary shares 2,271,889
Investment Fund
It is unknown whether there was any associated relationship among
Related or acting-in-concert parties among the top ten tradable shareholders and among the top ten shareholders
the above shareholders not subject to trading moratorium, or whether they are persons acting
in concert as described by Measures for the Administrative of
The Report for the First Quarter of 2016—Changchai Company, Limited
Disclosure of Shareholder Equity Changes.
Shareholder Huang Lihou held a total of 5,600,000 shares in the
Company, representing a stake of 1.00%, through a common
Top ten common shareholders conducting securities account and a client account of collateral securities for
securities margin trading (if any) margin trading. Shareholder Sun Haiyan held 2,644,897 shares in the
Company (a stake of 0.47%) through a client account of collateral
securities for margin trading in China Galaxy Securities Co. , Ltd.
Did any of the top ten common shareholders or the top ten non-restricted common shareholders of the Company
conduct any promissory repo during the Reporting Period?
□ Yea √ No
No such cases in the Reporting Period.
2. Total number of preference shareholders and shareholdings of the top ten of them
□ Applicable √ Not applicable
The Report for the First Quarter of 2016—Changchai Company, Limited
Section III Significant Events
I Changes in major accounting statement items and financial indicators for the Reporting
Period, as well as reasons for such changes
√ Applicable □ Not applicable
1. Accounts receivable increased 108.91% from the opening amount mainly because the Company properly
allowed customers’ buying on credit according to its relevant agreements and marketing plans to expand its
market space, and the percentage of multi-cylinder engines in the total sales increased (longer payment days for
these customers for they mostly procure our multi-cylinder engines as a component).
2. Other accounts receivable increased 220.69% from the opening amount mainly because of the temporary
lendings from subsidiary Housheng Investment to Xuzhou East China Casting General Factory, etc.
3. Other current assets decreased 53.72% from the opening amount mainly because some bank financial produces
became due and the overpaid VAT decreased.
4. Payroll payable decreased 38.70% from the opening amount mainly because some of the salary and bonus
provisions made last year were paid in the Reporting Period.
5. Taxes and fares payable increased 58.08% from the opening amount mainly because the inventories of the
Company (without subsidiaries) decreased and the input VAT decreased accordingly.
6. Net profit attributable to owners of the Company increased 40.53% from the same period of last year mainly
because along with its product restructuring, the percentage of multi-cylinder engines in the total sales of the
Company increased with its self-made components increasing accordingly, cost control produced remarkable
results and the gross profit increased.
II Progress of significant events and analysis & explanations on their influence and solutions
□ Applicable √ Not applicable
III Commitments of the Company, its shareholders, actual controller, acquirer, directors,
supervisors, senior management or other related parties fulfilled in the Reporting Period or
ongoing at the period-end
√ Applicable □ Not applicable
Date of
Commitmen Type of Term of
Commitment Contents commitment Fulfillment
t maker commitment commitment
making
Commitments made in
The Report for the First Quarter of 2016—Changchai Company, Limited
share reform
Commitments made in
acquisition documents
or shareholding
alteration documents
Commitments made in
time of asset
restructuring
Commitments made in
time of IPO or
refinancing
Commitments
concerning stock
ownership incentive
Under the conditions of in
future three years
(2014-2016) the
attributable profit (the
remaining profits after the
losses have been made up
and common reserves
have been drawn) of
shareholders’ reward plan
in the year or half year is
positive, and the cash
flow is sufficient, the cash
Changchai The
Other commitments dividends had no
Company, Bonus commitmen
made to minority influence to the follow-up 2014-05-14 Y2014-2016
Limited commitment t was under
shareholders continuously operation,
progress.
the profit dividends in
cash shall no lower than
the 10% of attributable
profit realized by the
Company and in any three
continuous accounting
years the accumulative
profit dividends in cash
shall no less than 30% of
the average annual
attributable profits
realized in three years.
Executed on time Yes
The Report for the First Quarter of 2016—Changchai Company, Limited
IV Operating result forecast for January-June 2016
Warning of possible loss or considerable YoY change of the accumulated net profit made during the
period-beginning to the end of the next reporting period according to prediction, as well as explanations on the
reasons:
□Applicable √ Not applicable
V Securities investments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VI Investments in derivative financial instruments
□ Applicable √ Not applicable
No such cases in the Reporting Period.
VII Visits paid to the Company in the Reporting Period for purposes of research,
communication, interview, etc.
√ Applicable □ Not applicable
Date of visit Way of visit Type of visitor Index to main inquiry information
5 Jan. 2016 Other Individual Stock price trend of the Company
6 Jan. 2016 Other Individual Stock price trend of the Company
6 Jan. 2016 Other Individual Future development planning of the Company
8 Jan. 2016 Other Individual Future products planning of the Company
11 Jan. 2016 Other Individual Stock price trend of the Company
20 Jan. 2016 Other Individual Situation of the export business of the Company
21 Jan. 2016 Other Individual Situation of the export business of the Company
Situation of the reform of the state-owned
11 Feb. 2016 Other Individual
enterprises of the Company
23 Feb. 2016 Other Individual Number of the shareholders of the Company
Situation of the joint stock company - Tsinghua
24 Feb. 2016 Other Individual
