苏常柴Ｂ：2022年第三季度报告（英文）.PDF

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1、Changchai Company,Limited Third Quarterly Report 2022 1 Stock Code:000570,200570 Stock Name:Changchai,Changchai-B Announcement No.2022-059 CHANGCHAI COMPANY,LIMITED THIRD QUARTERLY REPORT 2022 Changchai Company,Limited(hereinafter referred to as the“Company”)and all the members of the Companys Board

2、 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 senior management

3、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 representative,General M

4、anager,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 auditor.Yes No I Key Financi

5、al 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 Q3 2022 YoY change(%)Q1-Q3 2022 YoY change(%)Operating revenue(RMB)545,599,669.07 12.68%1,723,822,161.11-13.00%Net profit attributable to

6、the listed companys shareholders(RMB)150,405,621.57 135,810,351.96 28.47%Net profit attributable to the listed companys shareholders before exceptional items(RMB)-5,566,500.16 -11,375,860.23 Net cash generated from/used in operating activities(RMB)-82,550,839.42 Basic earnings per share(RMB/share)0.

7、2131 0.1924 10.96%Diluted earnings per share(RMB/share)0.2131 0.1924 10.96%Weighted average return 4.75%5.50%4.21%-0.33%Changchai Company,Limited Third Quarterly Report 2022 2 on equity(%)30 September 2022 31 December 2021 Change(%)Total assets(RMB)5,399,636,868.12 4,860,382,961.26 11.09%Equity attr

8、ibutable to the listed companys shareholders(RMB)3,301,798,721.38 3,077,550,018.33 7.29%(II)Exceptional Gains and Losses Applicable Not applicable Unit:RMB Item Q3 2022 Q1-Q3 2022 Note Gain or loss on disposal of non-current assets(inclusive of impairment allowance write-offs)0.00-361,395.36 Governm

9、ent grants through profit or loss(exclusive of government grants continuously given in the Companys ordinary course of business at fixed quotas or amounts as per the governments policies and standards)1,443,881.22 3,046,711.99 Gain or loss on fair-value changes on held-for-trading financial assets a

10、nd liabilities&income from disposal of held-for-trading financial assets and liabilities and available-for-sale financial assets(exclusive of the effective portion of hedges that arise in the Companys ordinary course of business)179,686,038.72 159,941,932.72 Increased fair value of the equity intere

11、sts held directly by the Company in Jiangsu Horizon New Energy Technology Co.,Ltd.Non-operating income and expense other than the above 702,366.96 2,660,006.90 Less:Income tax effects 25,851,232.01 18,094,554.73 Non-controlling interests effects(net of tax)8,933.16 6,489.33 Total 155,972,121.73 147,

12、186,212.19-Other items that meet the 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 Co

13、mpanies Offering Their Securities 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.Consolidated Balance Sheet Items Item 30 September 2022(RMB

14、)1 January 2022(RMB)Change(%)Explanation of why Held-for-trading financial assets 276,615,340.50 404,053,261.57 -31.54%Decreased idle funds out of the amount raised in a private placement that were used Changchai Company,Limited Third Quarterly Report 2022 3 for investment in wealth management instr

15、uments Notes receivable 466,815,202.65 334,311,236.78 39.63%Increased bank acceptance notes with low credit ratings that were endorsed and transferred or undue but discounted Accounts receivable 992,868,051.36 375,209,126.48 164.62%The Company properly allowed customers buying on credit for more mar

16、kets and multi-cylinder diesel engine customers are mainly supporting companies of main engine,which are usually given longer payment days.Receivables financing 140,969,635.00 497,388,826.02 -71.66%Decreased bank acceptance notes with high credit ratings Other non-current financial assets 373,500,00

17、0.00 112,500,000.00 232.00%Increased gains on changes in the fair value of the equity interests held directly by the Company in Jiangsu Horizon New Energy Technology Co.,Ltd.Fixed assets 692,380,621.81 402,915,521.65 71.84%Transfer to fixed assets of wholly-owned subsidiary Jiangsu Changchai Machine

18、ry Co.,Ltd.s construction in progress Construction in progress 78,925,875.74 270,305,690.91 -70.80%Transfer to fixed assets of wholly-owned subsidiary Jiangsu Changchai Machinery Co.,Ltd.s construction in progress Other non-current assets 11,611,024.84 4,543,240.88 155.57%Increased prepayments of wh

19、olly-owned subsidiary Jiangsu Changchai Machinery Co.,Ltd.for construction and engineering services Short-term borrowings 244,395,924.99 73,971,466.65 230.39%Increased bank acceptance notes with low credit ratings that were undue but discounted Employee benefits payable 14,097,513.02 45,385,667.48 -

20、68.94%Salaries and bonuses accrued last year were paid in the Reporting Period Deferred income tax liabilities 154,831,307.46 117,344,161.11 31.95%Increased fair value of the equity interests held directly by the Company in Jiangsu Horizon New Energy Technology Co.,Ltd.Non-controlling interests 70,8

21、39,131.13 19,424,230.98 264.69%Acquisition of a 41.5%interest in Zhenjiang Siyang Diesel Engine Manufacturing Co.,Ltd.2.Consolidated Income Statement Items for Q1Q3 Item Q1Q3 2022(RMB)Q1Q3 2021(RMB)Change(%)Explanation of why Finance costs -19,745,726.63 823,688.31 Increased exchange income and inte

22、rest income.Other income 3,046,711.99 766,454.70 297.51%Increased government grants.Return on investment 13,836,894.98 8,663,940.64 59.71%Increased gains on cash management with idle raised funds and own funds,and the Company received dividends from Bank of Jiangsu Co.,Ltd.Gain on changes in fair va

23、lue 147,105,037.74 101,609,123.57 44.78%Increased fair value of the equity interests held directly by the Company in Jiangsu Horizon New Energy Technology Co.,Ltd.Asset impairment loss 4,947,828.84 -7,356,415.78 During the reporting period,the Company withdrew the corresponding provision for clearin

24、g obsolete materials.Non-operating 3,745,972.29 1,268,521.68 195.30%Goodwill in relation to the 41.5%interest in Changchai Company,Limited Third Quarterly Report 2022 4 income Zhenjiang Siyang Diesel Engine Manufacturing Co.,Ltd.acquired by the Company.Net profit attributable to non-controlling inte

25、rests 1,084,518.63 73,487.10 1375.79%Acquisition of a 41.5%interest in Zhenjiang Siyang Diesel Engine Manufacturing Co.,Ltd.3.Consolidated Cash Flow Statement Items for Q1Q3 Item Q1Q3 2022(RMB)Q1Q3 2021(RMB)Change(%)Explanation of why Net cash generated from/used in operating activities -82,550,839.

26、42 -316,185,740.11 Due to the impact of production and sales during the reporting period,the cash expenditure for production,operation and procurement decreased,and the fund collection was intensified.Net cash generated from/used in investing activities -50,712,854.83 -427,869,678.24 This is mainly

27、because Jiangsu Changchai Machinery Co.,Ltd.invested more in the construction in the previous period,but less in this period.Net cash generated from/used in financing activities 52,000,140.67 612,388,654.75 -91.51%Arrival of funds raised in a private placement in the same period of last year,and the

28、re is no such event in the current period.II Shareholder Information (I)Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders Unit:share Number of ordinary shareholders 53,393 Number of preference shareholders with resumed

29、voting rights(if any)0 Top 10 shareholders Name of shareholder Nature of shareholder Shareholding percentage Total shares held Restricted shares held Shares in pledge,marked or frozen Status Shares Changzhou Investment Group Co.,Ltd.State-owned corporation 32.26%227,663,417 56,818,181 Chen Jian Dome

30、stic individual 0.70%4,905,900 0 KGI ASIA LIMITED Foreign corporation 0.44%3,101,695 0 Dai Wenping Domestic individual 0.38%2,705,200 0 Yang Xuee Domestic individual 0.30%2,111,900 0 Su Zhenxing Domestic individual 0.23%1,592,093 0 Li Suinan Domestic individual 0.22%1,569,100 0 Changchai Company,Lim

31、ited Third Quarterly Report 2022 5 Huang Guoliang Domestic individual 0.22%1,528,891 0 Xue Hong Domestic individual 0.20%1,398,100 0 Tao Xiaofang Domestic individual 0.19%1,310,000 0 Top 10 unrestricted shareholders Name of shareholder Unrestricted ordinary shares held Shares by class Class Shares C

32、hangzhou Investment Group Co.,Ltd.170,845,236 RMB-denominated ordinary share 170,845,236 Chen Jian 4,905,900 RMB-denominated ordinary share 4,905,900 KGI ASIA LIMITED 3,101,695 Domestically listed foreign share 3,101,695 Dai Wenping 2,705,200 RMB-denominated ordinary share 2,705,200 Yang Xuee 2,111,

33、900 RMB-denominated ordinary share 2,111,900 Su Zhenxing 1,592,093 RMB-denominated ordinary share 1,592,093 Li Suinan 1,569,100 Domestically listed foreign share 1,569,100 Huang Guoliang 1,528,891 Domestically listed foreign share 1,528,891 Xue Hong 1,398,100 Domestically listed foreign share 1,398,

34、100 Tao Xiaofang 1,310,000 RMB-denominated ordinary share 1,310,000 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 a

35、s defined in the Administrative Measures for Information Regarding Shareholding Alteration.Top 10 shareholders engaged in securities margin trading Chen Jian and Dai Wenping respectively held 3,295,000 and 2,539,200 shares in the Company through their credit accounts.(II)Number of Preference Shareho

36、lders and Shareholdings of Top 10 of Them Applicable Not applicable III Other Significant Events Applicable Not applicable Changchai Company,Limited Third Quarterly Report 2022 6 1.Participation in bidding for 41.5%equity interests in Zhenjiang Siyang Diesel Engine Manufacturing Co.,Ltd.that was put

37、 out for sale The Sixth Extraordinary Meeting of the Board of Directors in 2021 held by the Company on 28 October 2021 deliberated on and approved the Proposal on Participation in Bidding for 41.5%Equity Interests in Zhenjiang Siyang Diesel Engine Manufacturing Co.,Ltd.,authorizing the Management of

38、 the Company to participate in bidding for 41.5%equity interest in Zhenjiang Siyang Diesel Engine Manufacturing Co.,Ltd.(hereinafter referred to as Zhenjiang Siyang)that had been put out for sale by Jiangsu Keda Assets Marketing Co.,Ltd.(hereinafter,“Keda Assets”).On 12 January 2022,Jiangsu Assets a

39、nd Equity Exchange Co.,Ltd.issued the Confirmation of Transaction on the Transfer of 41.5%Equity Interests(Corresponding to Capital Contribution of RMB830,000)in Zhenjiang Siyang Diesel Engine Manufacturing Co.,Ltd.The Company won the bid for the 41.5%equity interests in Zhenjiang Siyang at a price

40、of RMB33,520,800.00.On 23 February 2022,the Company signed the Contract on Transfer of State-owned Property Rights with Keda Assets.On 9 March 2022,Zhenjiang Siyang has completed the relevant registration alteration formalities with the competent industrial and commercial administration.On 16 May 20

41、22,Zhenjiang Siyang held meetings of shareholders,the Board of Directors and the Supervisory Committee to elect and appoint new members for the Board of Directors,the Supervisory Committee and management.Zhenjiang Siyang has been included in the consolidated financial statements of the Company.2.Cap

42、ital increase to Jiangsu Horizon New Energy Technology Co.,Ltd.On 25 August 2022,the Proposal on an Intended Capital Increase to Jiangsu Horizon New Energy Technology Co.,Ltd.&the Relevant Related-party Transaction was approved at the Fourth Extraordinary Meeting of the Board of Directors in 2022.As

43、 such,the Company was agreed to carry out another capital increase of RMB75 million to Jiangsu Horizon New Energy Technology Co.,Ltd.by subscribing for RMB18.8442 million of additional registered capital at RMB3.98/share.And Chairman of the Board Mr.Shi Xinkun was authorized to sign the relevant cap

44、ital increase agreement with the relevant party and handle other matters.Upon this capital increase,the Company holds a total interest of 5.36%in Jiangsu Horizon New Energy Technology Co.,Ltd.Changchai Company,Limited Third Quarterly Report 2022 7 IV Quarterly Financial Statements(I)Financial Statem

45、ents 1.Consolidated Balance Sheet Prepared by Changchai Company,Limited 30 September 2022 Unit:RMB Item 30 September 2022 1 January 2022 Current assets:Monetary assets 645,607,594.39 707,966,678.74 Settlement reserve Loans to other banks and financial institutions Held-for-trading financial assets 2

46、76,615,340.50 404,053,261.57 Derivative financial assets Notes receivable 466,815,202.65 334,311,236.78 Accounts receivable 992,868,051.36 375,209,126.48 Receivables financing 140,969,635.00 497,388,826.02 Prepayments 9,880,041.00 8,197,418.39 Premiums receivable Reinsurance receivables Receivable r

47、einsurance contract reserve Other receivables 20,427,334.26 19,515,350.52 Including:Interest receivable Dividends receivable Financial assets purchased under resale agreements Inventories 503,234,907.64 651,083,758.18 Contract assets Assets held for sale Current portion of non-current assets Other c

48、urrent assets 31,720,575.63 44,060,822.57 Total current assets 3,088,138,682.43 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 receivables Long-term equity investments Investments in other equity 906,1

49、42,866.29 779,877,646.53 Changchai Company,Limited Third Quarterly Report 2022 8 instruments Other non-current financial assets 373,500,000.00 112,500,000.00 Investment property 42,769,898.54 44,597,255.21 Fixed assets 692,380,621.81 402,915,521.65 Construction in progress 78,925,875.74 270,305,690.

50、91 Productive living assets Oil and gas assets Right-of-use assets Intangible assets 157,395,904.88 155,154,745.91 Development costs Goodwill Long-term prepaid expense 168,183.91 110,345.30 Deferred income tax assets 10,705,583.29 10,693,809.23 Other non-current assets 11,611,024.84 4,543,240.88 Tot