长安Ｂ：2022年半年度报告（英文版）.PDF

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1、Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report August 2022Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 1 Chapter 1 Important Notice,Contents,and Definitions 1.The Board of Directors(or

2、the“Board”),the Supervisory Board as well as the directors,supervisors and senior managers of Chongqing Changan Automobile Co.,Ltd.hereby guarantee the factuality,accuracy and completeness of the contents of this Report and its summary,and shall be jointly and severally liable for any misrepresentat

3、ions,misleading statements or material omissions therein.2.Zhu Huarong,the Companys legal representative,Zhang Deyong,the Companys Chief Financial Officer and Chen Jianfeng,the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in this Report are factual,

4、accurate and complete.3.All the directors have attended the board meeting for reviewing this Report.4.Any prospective description such as future business plans and development strategies in this Report shall not be considered as the Companys commitment to investors.Investors and relevant persons sha

5、ll be sufficiently mindful of risks,and undertake the difference in plans,predictions and commitment.5.Section III“Management Discussion and Analysis”of this Report describes the possible risks and countermeasures of the Company,and investors shall pay attention to the relevant content.6.For the fir

6、st half of 2022,the Company has no plans of cash dividend,no bonus shares and no share converted from capital reserve.This Report has been prepared in both Chinese and English.Should there be any discrepancies or misunderstandings between the two versions,the Chinese version shall prevail.Chongqing

7、Changan Automobile Company Limited 2022 Semi-Annual Report 2 CONTENTS Chapter 1 Important Notice,Contents,and Definitions.1 Chapter 2 Company Profile and Main Financial Indexes.4 Chapter 3 Management Discussion and Analysis.7 Chapter 4 Corporate Governance.23 Chapter 5 Environment and social respons

8、ibility.26 Chapter 6 Important Matters.37 Chapter 7 Changes in the Shareholding of the Company and Shareholders.42 Chapter 8 Preferred Shares.49 Chapter 9 Bonds.50 Chapter 10 The Financial Statements.51 Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 3 Documents Available for Re

9、ference I.Financial statements carrying the signatures and seals of the Companys legal representative,the Chief Financial Officer,and the person-in-charge of the accounting organ.During the reporting period,the original copies of all company documents and announcements publicly disclosed by the Comp

10、any in China Securities Journal,Securities Times,Securities Daily,Shanghai Securities News,and Hong Kong Commercial Daily.Definitions Items Definitions Changan Auto,Changan Automobile,the Company Refers to Chongqing Changan Automobile Co.,Ltd.CSG Refers to China South Industries Group Corporation,th

11、e Companys actual controller China Changan Refers to China Changan Automobile Group Co.,Ltd.,formerly known as China South Industries Automobile Co.,Ltd.,a subsidiary company of CSG Changan Industry Refers to Chongqing Changan Industry(Group)Co.,Ltd.,formerly known as Changan Automobile(Group)Co.,Lt

12、d.,a subsidiary company of CSG Nanjing Changan Refers to Nanjing Changan Automobile Co.,Ltd.,a subsidiary company of the Company Hebei Changan Refers to Hebei Changan Automobile Co.,Ltd.,a subsidiary company of the Company Hefei Changan Refers to Hefei Changan Automobile Co.,Ltd.,a subsidiary compan

13、y of the Company Changan Bus Refers to Baoding Changan Bus Co.,Ltd.,a subsidiary company of the Company CIC Refers to Chongqing Changan Automobile International Sale Service Co.,Ltd.,a subsidiary company of the Company Changan Ford Refers to Changan Ford Automobile Co.,Ltd.,a JV of the Company Chang

14、an Mazda Refers to Changan Mazda Automobile Co.,Ltd.,a JV of the Company CME Refers to Changan Mazda Engine Co.,Ltd.,a JV of the Company Jiangling Holding Refers to Jiangling Holding Co.,Ltd.,an associate of the Company Changan Finance Refers to Changan Automobile Financing Co.,Ltd.,an associate of

15、the Company CSG Finance Refers to China South Industries Group Finance Co.,Ltd.,a subsidiary company of South Industries UPI Refers to United Prosperity Investment Co.,Ltd.,a subsidiary company of China Changan AVATR Refers to AVATR.Co.,Ltd,an associate of the Company Chongqing Changan Automobile Co

16、mpany Limited 2022 Semi-Annual Report 4 Chapter 2 Company Profile and Main Financial Indexes I.Basic Information Stock abbreviation Changan Automobile,Changan B Stock Code 000625、200625 Listed on Shenzhen Stock Exchange Company in Chinese name 重庆长安汽车股份有限公司 Company abbreviation in Chinese name 长安汽车 C

17、ompany name in English Chongqing Changan Automobile Co.,Ltd.Legal representative Zhu Huarong II.Contact Information Secretary of the Board of Directors Securities affairs representative Name Zhang Deyong,Li Jun Contact address Building T2,No.2,Financial City,No.61 Dongshengmen Road,Jiangbei District

18、,Chongqing TEL 023-67594008 FAX 023-67866055 E-mail address III.Others 1.Contact information Whether registration address,office address and its post code as well as website and email of the Company changed in the reporting period or not Applicable Not applicable The registration address,office addr

19、ess and post code as well as website and email of the Company did not change in the reporting period.See more details in Annual Report 2021.2.Information disclosure and preparation place Whether information disclosure and preparation place changed in reporting period or not Chongqing Changan Automob

20、ile Company Limited 2022 Semi-Annual Report 5 Applicable Not applicable The newspaper appointed for information disclosure,the website for the publishment of the semi-annual report appointed by CSRC and the preparation place for semi-annual report did not change in the reporting period.See more deta

21、ils in Annual Report 2021.3.Other relevant information Whether other relevant information changed in the reporting period or not Applicable Not applicable IV.Key Accounting Data and Financial Indexes Does the Company need to retrospectively adjust or restate the accounting data of previous years?Yes

22、 No The reporting period The same period of last year YoY change(%)Operating revenue(RMB)56,573,568,393.71 56,784,631,899.07-0.37%Net profit attributable to shareholders of the Company(RMB)5,857,626,135.78 1,729,245,208.60 238.74%Net profit after deduction of non-recurring gains or losses attributab

23、le to shareholders of the Company(RMB)3,100,113,819.34 739,756,972.08 319.07%Net cash flow from operating activities(RMB)5,852,236,420.20 17,698,826,870.37-66.93%Basic earnings per share(RMB/share)0.60 0.17 252.94%Diluted earnings per share(RMB/share)0.59 0.17 247.06%Weighted average ROE(%)10.06%3.2

24、2%6.84%30 June 2022 31 December 2021 YoY change(%)Total assets(RMB)138,812,360,580.91 135,404,623,479.63 2.52%Net assets attributable to shareholders of the Company(RMB)60,688,859,608.34 55,732,932,103.72 8.89%V.The Differences between Chinese Accounting Standards and International Financial Reporti

25、ng Standards 1.Differences in net profit and net asset attributable to shareholders in financial report disclosed in accordance with International Financial Reporting Standards and Chinese Accounting Standards.Applicable Not applicable No difference during the reporting period.2.Differences of net p

26、rofit and net assets disclosed in financial reports prepared under Overseas Financial Reporting Standards and Chinese Accounting Standards.Applicable Not applicable Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 6 No difference during the reporting period.3.Reasons for differen

27、ces in accounting data under Chinese Accounting Standards and International Financial Reporting Standards.Applicable Not applicable VI.Items and Amounts of Non-Recurring Gains and Losses Applicable Not applicable Unit:RMB Item Amount Illustration Non-recurring items and amounts(including accrued rev

28、ersal assets impairment part)68,244,082.28 Government subsidies included in the profit and loss of the current period(Except closely related to business operations,in accordance with the national unified standard quota or quantitative enjoyment of government subsidies)525,001,514.96 Capital occupati

29、on fees charged to non-financial enterprises included in the current profit and loss 12,993,036.40 In addition to the effective hedging business related to the normal business of the company,the gains and losses from changes in fair value arising from the holding of trading financial assets,derivati

30、ve financial assets,trading financial liabilities,derivative financial liabilities,and disposal of transactional financial assets,derivative finance Investment income from assets,trading financial liabilities,derivative financial liabilities and other debt investments 26,136,888.77 The subsidiary AV

31、ATR.Co.,Ltd.introduced investors to increase capital.Based on the evaluation results with March 11,2022 as the evaluation base date,the income from the statement was confirmed.For details,please refer to the information disclosed on the(http:/)Gains on fair value remeasurement of remaining equity af

32、ter loss of control 2,128,305,938.85 Other non-operating income and expenses other than the above items 49,496,422.28 Subtract:Influenced amount of income tax 37,348,447.66 Influenced amount of miniority shareholders equity(after tax)15,317,119.44 Total 2,757,512,316.44-Explanation of why the Compan

33、y reclassifies recurrent gain/loss as an Extraordinary gain/loss item listed in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the PublicExtraordinary Gain/Loss Items Applicable Not applicable No such cases for the reporting period.Chongqing Ch

34、angan Automobile Company Limited 2022 Semi-Annual Report 7 Chapter 3 Management Discussion and Analysis I.The main business of the Company in the reporting period 1.Business overview As an automobile manufacturer,Changan Automobiles businesses cover the R&D,manufacturing,and sales of vehicles(includ

35、ing passenger vehicles and commercial vehicles),as well as the R&D and production of engines.At the same time,we proactively develop new businesses such as mobility,car services,new marketing and sales,and battery swapping,and steps up efforts in exploring finance,used cars and other fields to build

36、 a comprehensive industrial ecology and become an intelligent,and low-carbon mobility technology company.With“Leading Auto Culture for Better Life”as our mission,we make efforts to develop NEVs and intelligent vehicles while adhering to the philosophy of“low-carbon and environmental protection,techn

37、ology and intelligence”.By leading auto culture through scientific innovation,we strive to provide customers with high-quality products and services.We have homegrown brands such as Changan,Changan Shenlan,AVATR,Oshan,and Kaicene,and joint venture brands such as Changan Ford and Changan Mazda to pro

38、duce and sell joint venture brand vehicles.We launched many iconic homegrown brands models including the CS series,Eado series,UNI series,Oshan series and Shenqi.Meanwhile,Changan Automobile rolls out new energy vehicles such as BenBen E-star Lumin and Shenlan SL03;the joint venture companies have m

39、any famous products such as the all-new Focus,Escape,Explorer,Corsair,Aviator,Zephyr,Axela,CX-5 and CX-30 that are well received among consumers.Our operation attaches“equal importance to homegrown and joint venture brands”.We make determined efforts in developing iconic homegrown brands,with Changa

40、n,Changan Shenlan,AVATR,Oshan,and Kaicene brands as independent entities.For Changan Ford,Changan Mazda and other joint ventures,we adopt investment management and control and continue to deepen mutual trust and cooperation with partners.2.Industry situation In the first half of 2022,in the face of

41、pandemic resurgence,industry chain cycle disruption,sharp decline in demand and other unfavorable factors,the automotive industry struggled to overcome the risks and pull businesses back on track.The NEV market continued to maintain high-speed growth among other markets,and Chinese brands embraced t

42、his opportunity to expand their market share significantly compared to the last reporting period.Industry specifics are as follows:In the first half of 2022,the automotive industry achieved a cumulative production and sales of 12.117 million units and 12.057 million units,down 3.7%and 6.6%YoY respec

43、tively.The overall sales is in a“V”shape trend.The YoY growth rate of sales turned from positive to negative and continued to decline since the outbreak in Shanghai and other places in March.After bottoming out in April,with the pandemic slowing down and the realization of a series of national and l

44、ocal relief policies in May-June,the industry growth rate gradually recovered until it turned positive in June.Passenger car sales in the first half of the year totaled 10.355 million units,up 3.4%YoY,achieving counter-trend growth.The NEV market is hot with production and sales hitting new record h

45、ighs.In the first half of 2022,NEV production and sales completed 2.661 million and 2.6 million units respectively,both up nearly 120%YoY.And within the Chinese brand passenger cars,the share of NEV reached 39.9%,an increase of 100%YoY.Chinese brands seized the NEV growth opportunity and significant

46、ly increased their market share,effectively compensating for the drop in volume caused by the sharp decline in the traditional power market.In the first half of 2022,the market share of Chinese brand passenger car reached 47.3%,an increase of 5.8 percentage points YoY.(The above data/information is

47、collected from“China Automotive Industry Production and Sales Express”published by China Association of Automobile Manufacturers and its industry information release)3.Company market performance In the first half of 2022,under the guidance of Xi Jinpings thought of socialism with Chinese characteris

48、tics in the new era,Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 8 Changan Automobile adhered to the principle of stability first and progress in the midst of stability.The company solidly promoted the third start-up plan,the innovation and entrepreneurship plan,and actively

49、responded to the triple pressure of demand contraction,supply shock and weak expectations.The company has been actively focusing on strategy execution,supply chain stabilization,new energy and intelligent industrial development,and firmly promoting transformation and upgrading with high-quality deve

50、lopment.In the face of unfavorable factors such as shortage of spare parts and materials and recurring pandemic,we maintained production and supply while carried out pandemic prevention efforts firmly,we took active countermeasures to prevent and resolve operation risks,and did our best to minimize