苏常柴Ｂ：2022年第一季度报告全文（英文）.PDF

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1、Changchai Company, Limited First Quarterly Report 2022 1 Stock Code: 000570, 200570 Stock Name: Changchai, Changchai-B Announcement No.2022-026 CHANGCHAI COMPANY, LIMITED FIRST QUARTERLY REPORT 2022 Changchai Company, Limited (hereinafter referred to as the “Company”) and all the members of the Comp

2、anys Board of Directors hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions. Important Notes: 1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and s

3、enior management of the Company hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions, and collectively and individually accept legal responsibility for such contents. 2. The Companys legal re

4、presentative, General Manager, and head of the financial department (equivalent to financial manager) hereby guarantee that the financial statements carried in this Report are true, accurate and complete. 3. Indicate whether the financial statements in this Report have been audited by an independent

5、 auditor. Yes No I Key Financial Information (I) Key Accounting Data and Financial Indicators Indicate by tick mark whether there is any retrospectively restated datum in the table below. Yes No Q1 2022 Q1 2021 YoY change (%) Operating revenue (RMB) 675,718,729.65 774,218,489.69 -12.72% Net profit a

6、ttributable to the listed companys shareholders (RMB) -31,087,265.83 24,571,254.83 Net profit attributable to the listed companys shareholders before exceptional items (RMB) -12,317,891.45 23,604,960.00 Net cash generated from/used in operating activities (RMB) -47,199,474.48 -184,484,392.45 Basic e

7、arnings per share (RMB/share) -0.0441 0.0438 Diluted earnings per share (RMB/share) -0.0441 0.0438 Weighted average return on equity (%) -1.02% 1.07% -2.09% 31 March 2022 31 December 2021 Change (%) Total assets (RMB) 4,838,318,261.38 4,860,382,961.26 -0.45% Equity attributable to the listed company

8、s shareholders (RMB) 2,968,783,802.50 3,077,550,018.33 -3.53% Changchai Company, Limited First Quarterly Report 2022 2 (II) Exceptional Gains and Losses Applicable Not applicable Unit: RMB Item Q1 2022 Note Government grants through profit or loss (exclusive of government grants continuously given i

9、n the Companys ordinary course of business at fixed quotas or amounts as per the governments policies and standards) 272,800.00 Gain or loss on fair-value changes on held-for-trading financial assets and liabilities & income from disposal of held-for-trading financial assets and liabilities and avai

10、lable-for-sale financial assets (exclusive of the effective portion of hedges that arise in the Companys ordinary course of business) -26,731,505.22 Non-operating income and expense other than the above 772,250.18 Less: Income tax effects -6,917,080.66 Total -18,769,374.38 - Other items that meet th

11、e definition of exceptional gain/loss: Applicable Not applicable No such cases in the Reporting Period. Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securitie

12、s to the PublicExceptional Gain/Loss Items: Applicable Not applicable No such cases in the Reporting Period. (III) Changes in Key Financial Statement Line Items and Explanation of why Applicable Not applicable 1. Notes receivable increased by RMB90,331,242.37, or 27.02%, as at 31 March 2022 compared

13、 to 31 December 2021, primarily because the company held an increase in endorsed transfer and discounted bank acceptance bills with lower credit rating at the end of the Report Period. 2. Accounts receivable increased by RMB417,768,603.86, or 111.34%, as at 31 March 2022 compared to 31 December 2021

14、, primarily because the Company properly allowed customers buying on credit for more markets in the current quarter and multi-cylinder diesel engine customers are mainly supporting companies of main engine , which are usually given longer payment days. 3. Receivables financing decreased by RMB210,92

15、3,616.92, or 42.41%, as at 31 March 2022 compared to 31 December 2021, primarily because the bank acceptance bills with higher credit rating held by the Company decreased at the end of the Report Period. 4. Prepayments increased by RMB4,248,777.76, or 51.83%, as at 31 March 2022 compared to 31 Decem

16、ber 2021, primarily because the subsidiary Changchai Wanzhou Diesel Engine Co., Ltd.s increase on the suppliers support by adding more advance purchase funds during the Reporting Period. 5. Other current assets decreased by RMB19,864,684.19, or 45.08%, as at 31 March 2022 compared to 31 December 202

17、1, primarily because excess VAT paid by the Company decreased. 6. Long-term equity investments increased by RMB33,520,800.00 as at 31 March 2022 compared to 31 December 2021, primarily because the Company won the bid for a 41.5% interest in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. and

18、pay the equity transfer during the Reporting Period. 7. Other non-current assets increased by RMB6,312,120.24, or 138.93%, as at 31 March 2022 compared to 31 December 2021, primarily driven by the increased prepayments by the wholly-owned Subsidiary Jiangsu Changchai Machinery Co., Ltd. at the end o

19、f the Report Period. 8. Short-term borrowings increased by RMB69,775,258.31, or 94.33%, as at 31 March 2022 compared to 31 Changchai Company, Limited First Quarterly Report 2022 3 December 2021, primarily driven by the increased bank acceptance notes with lower credit ratings held by the Company at

20、the end of the Report Period that had been discounted but were undue. 9. Employee benefits payable decreased by RMB28,161,167.31, or 62.05%, as at 31 March 2022 compared to 31 December 2021, primarily because salaries and bonuses accrued last year were largely paid in the Reporting Period. 10. Taxes

21、 and levies payable increased by RMB2,187,975.36, or 41.23%, as at 31 March 2022 compared to 31 December 2021, primarily driven by the increased taxes and levies payable such as VAT. 11. Other current liabilities increased by RMB91,049,660.40, or 102.37%, as at 31 March 2022 compared to 31 December

22、2021, primarily driven by the increased bank acceptance notes with lower credit ratings held by the Company at the end of the Report Period that had been endorsed and transferred but were undue. 12. Finance costs decreased by RMB3,710,731.26 during Q1 2022 compared to Q1 2021, primarily driven by th

23、e increased interest income during the Reporting Period. 13. Return on investment increased by RMB1,965,788.97, or 1050.72%, during Q1 2022 compared to Q1 2021, primarily driven by the increased wealth management income from the Companys use of idle raised funds and self-owned funds for cash managem

24、ent. 14.Gain on changes in fair value decreased by RMB30,754,097.74 during Q1 2022 compared to Q1 2021, primarily driven by the decreased fair value of held-for-trading financial assets such as shares held by wholly-owned subsidiary Changzhou Horizon Investment Co., Ltd. in Jiangsu Liance Electromec

25、hanical Technology Co., Ltd., Kailong High Technology Co., Ltd. and Guilin Stars Science and Technology Co., Ltd. at the end of the Reporting Period. 15. Non-operating income increased by RMB281,743.12, or 42.93%, during Q1 2022 compared to Q1 2021, primarily driven by the receipt of compensation fo

26、r breach of contract during the Reporting Period. 16. Non-operating expense decreased by RMB433,662.47, or 72.34%, during Q1 2022 compared to Q1 2021, primarily driven by the year-on-year decreased abandonment loss during the Reporting Period. 17. Net profit attributable to shareholders of the Compa

27、ny as the parent decreased by RMB55,658,520.66 during Q1 2022 compared to Q1 2021, primarily because during the Reporting Period, affected by the pandemic, certain raw material and component suppliers experienced production halts or restricted logistics, causing a shortage and a rise in the costs of

28、 these materials; due to restricted retail channels and weaker market demand, the Company saw a decrease in operating revenue and gross profit margin, impacting the current profit; and, the drop in the fair value of the financial assets held by the Company also had a substantial impact on the curren

29、t profit. 18.Net cash generated from operating activities increased by RMB137,284,917.97 during Q1 2022 compared to Q1 2021, primarily driven by the year-on-year decrease in cash paid for purchasing goods during the Reporting Period. 19. Net cash generated from investing activities increased by RMB3

30、3,601,480.40 during Q1 2022 compared to Q1 2021, primarily driven by the wage investment under construction of the wholly-owned Subsidiary Jiangsu Changchai Machinery Co., Ltd. decreased significantly year-on-year during the Reporting Period. 20. Net cash generated from financing activities increase

31、d by RMB26,761,473.99 during Q1 2022 compared to Q1 2021, primarily driven by the discounted bank acceptance notes with lower credit ratings during the Reporting Period. II Shareholder Information (I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as

32、Holdings of Top 10 Shareholders Unit: share Number of ordinary shareholders 53,650 Number of preference shareholders with resumed voting rights (if any) 0 Top 10 shareholders Name of shareholder Nature of shareholder Shareholding Total shares held Restricted Shares in pledge, marked or frozen Changc

33、hai Company, Limited First Quarterly Report 2022 4 percentage shares held Status Shares Changzhou Investment Group Co., Ltd. State-owned corporation 32.26% 227,663,417 56,818,181 Nuode Fund- Huazhang Tiandi Media Investment Co., Ltd.-Nuode Fund Pujiang No.64 Single Asset Management Plan Other 1.49%

34、10,490,336 China National Gold Group Asset Management Co., Ltd. State-owned corporation 0.92% 6,520,000 Chen Jian Domestic individual 0.64% 4,506,000 Changzhou Transportation Construction Investment Development Co., Ltd. State-owned corporation 0.47% 3,345,454 KGI ASIA LIMITED Foreign corporation 0.

35、44% 3,101,695 Yao Jianquan Domestic individual 0.24% 1,699,954 Li Suinan Domestic individual 0.22% 1,548,100 Huang Guoliang Domestic individual 0.22% 1,528,891 Chen Xiaojing Domestic individual 0.20% 1,408,300 Top 10 unrestricted shareholders Name of shareholder Unrestricted ordinary shares held Sha

36、res by class Class Shares Changzhou Investment Group Co., Ltd. 170,845,236 RMB-denominated ordinary share 170,845,236 Nuode Fund- Huazhang Tiandi Media Investment Co., Ltd.-Nuode Fund Pujiang No.64 Single Asset Management Plan 10,490,336 RMB-denominated ordinary share 10,490,336 China National Gold

37、Group Asset Management Co., Ltd. 6,520,000 RMB-denominated ordinary share 6,520,000 Chen Jian 4,506,000 RMB-denominated ordinary share 4,506,000 Changzhou Transportation Construction Investment 3,345,454 RMB-denominated ordinary share 3,345,454 Changchai Company, Limited First Quarterly Report 2022

38、5 Development Co., Ltd. KGI ASIA LIMITED 3,101,695 Domestically listed foreign share 3,101,695 Yao Jianquan 1,699,954 RMB-denominated ordinary share 1,699,954 Li Suinan 1,548,100 Domestically listed foreign share 1,548,100 Huang Guoliang 1,528,891 Domestically listed foreign share 1,528,891 Chen Xia

39、ojing 1,408,300 RMB-denominated ordinary share 1,408,300 Related or acting-in-concert parties among the shareholders above It is unknown whether there is among the top 10 public shareholders and the top 10 unrestricted public shareholders any related parties or acting-in-concert parties as defined i

40、n the Administrative Measures for Information Regarding Shareholding Alteration. Top 10 shareholders engaged in securities margin trading (if any) Shareholders Chen Jian and Chen Xiaojing respectively held 2,972,000 shares and 1,176,000 shares in the Company through their credit accounts. (II) Numbe

41、r of Preference Shareholders and Shareholdings of Top 10 of Them Applicable Not applicable III Other Significant Events Applicable Not applicable 1. Participating in the Public Listed Transfer of 41.5% Equity Interests in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. The 6th Interim Meeting

42、 of the Board of Directors in 2021 held by the Company on 28 October 2021 deliberated on and approved the Proposal on Participating in the Public Listed Transfer of 41.5% Equity Interests in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd., authorizing the Management of the Company to particip

43、ate in the bidding of the public listed transfer by Jiangsu University of Science and Technology Assets Management Co., Ltd. of its 41.5% equity interest in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. On 12 January 2022, the Company received the Confirmation of Transaction on the Transfer

44、 of 41.5% Equity Interest (Corresponding to Capital Contribution of RMB830,000) in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. and won the 41.5% equity interest in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. at a price of RMB33,520,800.00. On 23 February 2022, the Company signe

45、d the Contract on Transfer of State-owned Property Rights with Jiangsu University of Science and Technology Assets Management Co., Ltd. On 9 March 2022, Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. has completed the business change registration. IV Quarterly Financial Statements (I) Financ

46、ial Statements 1. Consolidated Balance Sheet Prepared by Changchai Company, Limited Changchai Company, Limited First Quarterly Report 2022 6 31 March 2022 Unit: RMB Item 31 March 2022 31 December 2021 Current assets: Monetary assets 610,076,929.08 707,966,678.74 Settlement reserve Loans to other ban

47、ks and financial institutions Held-for-trading financial assets 367,368,261.16 404,053,261.57 Derivative financial assets Notes receivable 424,642,479.15 334,311,236.78 Accounts receivable 792,977,730.34 375,209,126.48 Receivables financing 286,465,209.10 497,388,826.02 Prepayments 12,446,196.15 8,1

48、97,418.39 Premiums receivable Reinsurance receivables Receivable reinsurance contract reserve Other receivables 31,094,276.52 19,515,350.52 Including: Interest receivable Dividends receivable Financial assets purchased under resale agreements Inventories 538,250,890.61 651,083,758.18 Contract assets

49、 Assets held for sale Current portion of non-current assets Other current assets 24,196,138.38 44,060,822.57 Total current assets 3,087,518,110.49 3,041,786,479.25 Non-current assets: Loans and advances to customers Debt investments 37,898,226.39 37,898,226.39 Other debt investments Long-term receiv

50、ables Long-term equity investments 33,520,800.00 Investments in other equity instruments 688,490,646.53 779,877,646.53 Other non-current financial assets 112,500,000.00 112,500,000.00 Investment property 43,988,136.32 44,597,255.21 Fixed assets 387,813,926.53 402,915,521.65 Construction in progress