[三季报]苏常柴B(200570):2022年第三季度报告 (英文)
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时间:2022年10月28日 18:28:17 中财网 |
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原标题:苏常柴B:2022年第三季度报告 (英文)
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 Company’s 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 senior
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 Company’s legal representative, 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 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
| 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
the listed company’s
shareholders (RMB) | 150,405,621.57 | —— | 135,810,351.96 | 28.47% | Net profit attributable to
the listed company’s
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) | 0.2131 | —— | 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% | 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 attributable to the
listed company’s
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 | | Government grants through profit or loss
(exclusive of government grants continuously
given in the Company’s ordinary course of
business at fixed quotas or amounts as per the
government’s policies and standards) | 1,443,881.22 | 3,046,711.99 | | 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 available-for-sale financial
assets (exclusive of the effective portion of
hedges that arise in the Company’s ordinary
course of business) | 179,686,038.72 | 159,941,932.72 | Increased fair value
of the equity
interests 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 | 147,186,212.19 | -- |
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 Companies Offering Their Securities to the
Public—Exceptional 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) | 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 | | | | | for investment in wealth management
instruments | 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 markets 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 | 373,500,000.00 | 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 Machinery
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 wholly-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 | -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 | 70,839,131.13 | 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 Q1~Q3
Item | Q1~Q3 2022
(RMB) | Q1~Q3 2021
(RMB) | Change
(%) | Explanation of why | Finance costs | -19,745,726.63 | 823,688.31 | —— | Increased exchange income and interest
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 value | 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
clearing obsolete materials. | Non-operating | 3,745,972.29 | 1,268,521.68 | 195.30% | Goodwill in relation to the 41.5% interest in | income | | | | Zhenjiang Siyang Diesel Engine
Manufacturing Co., Ltd. acquired by the
Company. | Net profit
attributable to
non-controlling
interests | 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 Q1~Q3
Item | Q1~Q3 2022
(RMB) | Q1~Q3 2021
(RMB) | Change
(%) | Explanation of why | Net cash generated
from/used in
operating activities | -82,550,839.42 | -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 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 there 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 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 | Domestic
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 Xue’e | 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 | | | 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 | | | | Changzhou 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 Xue’e | 2,111,900 | 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 | 1,398,100 | | | | 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 as 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 Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable
III Other Significant Events
√ Applicable □ Not applicable
1. Participation in bidding for 41.5% equity interests in Zhenjiang Siyang Diesel Engine Manufacturing Co.,
Ltd. that was put 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 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 and 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 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 2022, 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. Capital 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 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 capital 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.
IV Quarterly Financial Statements
(I) Financial Statements
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 | 276,615,340.50 | 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 reinsurance 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 current 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 | 906,142,866.29 | 779,877,646.53 | 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 | 270,305,690.91 | 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 | Total non-current assets | 2,311,498,185.69 | 1,818,596,482.01 | Total assets | 5,399,636,868.12 | 4,860,382,961.26 | Current liabilities: | | | Short-term borrowings | 244,395,924.99 | 73,971,466.65 | Borrowings from the central bank | | | Loans from other banks and
financial institutions | | | Held-for-trading financial
liabilities | | | Derivative financial liabilities | | | Notes payable | 501,477,497.72 | 550,774,400.00 | Accounts payable | 775,107,484.19 | 666,186,668.82 | Advances from customers | 361,746.26 | 660,965.62 | Contract liabilities | 30,463,923.43 | 26,864,081.97 | Financial assets sold under
repurchase agreements | | | Customer deposits and deposits
from other banks and financial
institutions | | | Payables for acting trading of
securities | | | Payables for underwriting of
securities | | | Employee benefits payable | 14,097,513.02 | 45,385,667.48 | Taxes and levies payable | 6,265,011.98 | 5,306,378.82 | Other payables | 157,030,507.24 | 148,361,373.29 | Including: Interest payable | | | Dividends payable | 3,891,433.83 | 3,891,433.83 | Fees and commissions payable | | | Reinsurance payables | | | Liabilities directly associated with
assets held for sale | | | Current portion of non-current
liabilities | | | Other current liabilities | 103,352,743.92 | 88,938,192.79 | Total current liabilities | 1,832,552,352.75 | 1,606,449,195.44 | Non-current liabilities: | | | Insurance contract reserve | | | Long-term borrowings | | | Bonds payable | | | Including: Preference shares | | | Perpetual bonds | | | Lease liabilities | | | Long-term payables | | | Long-term employee benefits
payable | | | Provisions | | | Deferred income | 39,615,355.40 | 39,615,355.40 | Deferred income tax liabilities | 154,831,307.46 | 117,344,161.11 | Other non-current liabilities | | | Total non-current liabilities | 194,446,662.86 | 156,959,516.51 | Total liabilities | 2,026,999,015.61 | 1,763,408,711.95 | Owners’ equity: | | | Share capital | 705,692,507.00 | 705,692,507.00 | Other equity instruments | | | Including: Preference shares | | | Perpetual bonds | | | Capital reserves | 640,133,963.01 | 640,676,218.40 | Less: Treasury stock | | | Other comprehensive income | 613,336,936.34 | 506,011,499.55 | Specific reserve | 18,812,950.04 | 18,812,950.04 | Surplus reserves | 334,144,488.46 | 334,144,488.46 | General reserve | | | Retained earnings | 989,677,876.53 | 872,212,354.88 | Total equity attributable to owners
of the Company as the parent | 3,301,798,721.38 | 3,077,550,018.33 | Non-controlling interests | 70,839,131.13 | 19,424,230.98 | Total owners’ equity | 3,372,637,852.51 | 3,096,974,249.31 | Total liabilities and owners’ equity | 5,399,636,868.12 | 4,860,382,961.26 |
Legal representative: Shi Xinkun General Manager: Zhang Xin
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item | Q1~Q3 2022 | Q1~Q3 2021 | 1. Revenues | 1,723,822,161.11 | 1,981,354,126.38 | Including: Operating revenue | 1,723,822,161.11 | 1,981,354,126.38 | Interest income | | | Insurance premium income | | | Fee and commission income | | | 2. Costs and expenses | 1,723,250,063.20 | 1,942,537,176.98 | Including: Cost of sales | 1,528,285,603.14 | 1,709,842,352.28 | Interest expense | | | Fee and commission expense | | | Surrenders | | | Net insurance claims paid | | | Net amount provided as insurance contract reserve | | | Expenditure on policy dividends | | | Reinsurance premium expense | | | Taxes and levies | 10,481,397.49 | 9,599,626.55 | Selling expense | 80,388,110.83 | 97,211,507.42 | Administrative expense | 63,510,263.02 | 69,073,749.70 | R&D expense | 60,330,415.35 | 55,986,252.72 | Finance costs | -19,745,726.63 | 823,688.31 | Including: Interest expense | 6,012,305.10 | 5,806,935.93 | Interest income | 8,356,889.05 | 7,246,601.53 | Add: Other income | 3,046,711.99 | 766,454.70 | Return on investment (“-” for loss) | 13,836,894.98 | 8,663,940.64 | Including: Share of profit or loss of joint ventures and
associates | | | Income from the derecognition of financial assets at
amortized cost (“-” for loss) | | | Exchange gain (“-” for loss) | | | Net gain on exposure hedges (“-” for loss) | | | Gain on changes in fair value (“-” for loss) | 147,105,037.74 | 101,609,123.57 | Credit impairment loss (“-” for loss) | -13,768,089.86 | -13,804,149.22 | Asset impairment loss (“-” for loss) | 4,947,828.84 | -7,356,415.78 | Asset disposal income (“-” for loss) | -361,395.36 | 6,459.16 | 3. Operating profit (“-” for loss) | 155,379,086.24 | 128,702,362.47 | Add: Non-operating income | 3,745,972.29 | 1,268,521.68 | Less: Non-operating expense | 1,092,345.39 | 481,411.09 | 4. Gross profit (“-” for loss) | 158,032,713.14 | 129,489,473.06 | Less: Income tax expense | 21,137,842.55 | 23,705,272.54 | 5. Net profit (“-” for net loss) | 136,894,870.59 | 105,784,200.52 | 5.1 By operating continuity | | | 5.1.1 Net profit from continuing operations (“-” for net loss) | 136,894,870.59 | 105,784,200.52 | 5.1.2 Net profit from discontinued operations (“-” for net loss) | | | 5.2 By ownership | | | 5.2.1 Net profit attributable to shareholders of the Company
as the parent (“-” for net loss) | 135,810,351.96 | 105,710,713.42 | 5.2.1 Net profit attributable to non-controlling interests (“-”
for net loss) | 1,084,518.63 | 73,487.10 | 6. Other comprehensive income, net of tax | 107,325,436.79 | 122,935,279.81 | Attributable to owners of the Company as the parent | 107,325,436.79 | 122,935,279.81 | 6.1 Items that will not be reclassified to profit or loss | 107,325,436.79 | 122,935,279.81 | 6.1.1 Changes caused by remeasurements on defined
benefit schemes | | | 6.1.2 Other comprehensive income that will not be
reclassified to profit or loss under the equity method | | | 6.1.3 Changes in the fair value of investments in other
equity instruments | 107,325,436.79 | 122,935,279.81 | 6.1.4 Changes in the fair value arising from changes in own
credit risk | | | 6.1.5 Other | | | 6.2 Items that will be reclassified to profit or loss | | | 6.2.1 Other comprehensive income that will be reclassified
to profit or loss under the equity method | | | 6.2.2 Changes in the fair value of other debt investments | | | 6.2.3 Other comprehensive income arising from the
reclassification of financial assets | | | 6.2.4 Credit impairment allowance for other debt
investments | | | 6.2.5 Reserve for cash flow hedges | | | 6.2.6 Differences arising from the translation of foreign
currency-denominated financial statements | | | 6.2.7 Other | | | Attributable to non-controlling interests | | | 7. Total comprehensive income | 244,220,307.38 | 228,719,480.33 | 7.1 Attributable to owners of the Company as the parent | 243,135,788.75 | 228,645,993.23 | 7.2 Attributable to non-controlling interests | 1,084,518.63 | 73,487.10 | 8. Earnings per share | | | 8.1 Basic earnings per share | 0.1924 | 0.1734 | 8.2 Diluted earnings per share | 0.1924 | 0.1734 |
Legal representative: Shi Xinkun General Manager: Zhang Xin (未完)
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