[三季报]苏常柴B(200570):2022年第三季度报告 (英文)

时间:2022年10月28日 18:28:17 中财网

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 2022YoY change (%)Q1-Q3 2022YoY change (%)
Operating revenue (RMB)545,599,669.0712.68%1,723,822,161.11-13.00%
Net profit attributable to the listed company’s shareholders (RMB)150,405,621.57——135,810,351.9628.47%
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——0.192410.96%
Diluted earnings per share (RMB/share)0.2131——0.192410.96%
Weighted average return4.75%5.50%4.21%-0.33%
on equity (%)    
 30 September 202231 December 2021Change (%) 
Total assets (RMB)5,399,636,868.124,860,382,961.2611.09% 
Equity attributable to the listed company’s shareholders (RMB)3,301,798,721.383,077,550,018.337.29% 
(II) Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB

ItemQ3 2022Q1-Q3 2022Note
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)1,443,881.223,046,711.99 
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)179,686,038.72159,941,932.72Increased 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 above702,366.962,660,006.90 
Less: Income tax effects25,851,232.0118,094,554.73 
Non-controlling interests effects (net of tax)8,933.166,489.33 
Total155,972,121.73147,186,212.19--
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

Item30 September 2022 (RMB)1 January 2022 (RMB)Change (%)Explanation of why
Held-for-trading financial assets276,615,340.50404,053,261.57-31.54%Decreased idle funds out of the amount raised in a private placement that were used
    for investment in wealth management instruments
Notes receivable466,815,202.65334,311,236.7839.63%Increased bank acceptance notes with low credit ratings that were endorsed and transferred or undue but discounted
Accounts receivable992,868,051.36375,209,126.48164.62%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 financing140,969,635.00497,388,826.02-71.66%Decreased bank acceptance notes with high credit ratings
Other non-current financial assets373,500,000.00112,500,000.00232.00%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 assets692,380,621.81402,915,521.6571.84%Transfer to fixed assets of wholly-owned subsidiary Jiangsu Changchai Machinery Co., Ltd.’s construction in progress
Construction in progress78,925,875.74270,305,690.91-70.80%Transfer to fixed assets of wholly-owned subsidiary Jiangsu Changchai Machinery Co., Ltd.’s construction in progress
Other non-current assets11,611,024.844,543,240.88155.57%Increased prepayments of wholly-owned subsidiary Jiangsu Changchai Machinery Co., Ltd. for construction and engineering services
Short-term borrowings244,395,924.9973,971,466.65230.39%Increased bank acceptance notes with low credit ratings that were undue but discounted
Employee benefits payable14,097,513.0245,385,667.48-68.94%Salaries and bonuses accrued last year were paid in the Reporting Period
Deferred income tax liabilities154,831,307.46117,344,161.1131.95%Increased fair value of the equity interests held directly by the Company in Jiangsu Horizon New Energy Technology Co., Ltd.
Non-controlling interests70,839,131.1319,424,230.98264.69%Acquisition of a 41.5% interest in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd.
2. Consolidated Income Statement Items for Q1~Q3

ItemQ1~Q3 2022 (RMB)Q1~Q3 2021 (RMB)Change (%)Explanation of why
Finance costs-19,745,726.63823,688.31——Increased exchange income and interest income.
Other income3,046,711.99766,454.70297.51%Increased government grants.
Return on investment13,836,894.988,663,940.6459.71%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 value147,105,037.74101,609,123.5744.78%Increased fair value of the equity interests held directly by the Company in Jiangsu Horizon New Energy Technology Co., Ltd.
Asset impairment loss4,947,828.84-7,356,415.78——During the reporting period, the Company withdrew the corresponding provision for clearing obsolete materials.
Non-operating3,745,972.291,268,521.68195.30%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 interests1,084,518.6373,487.101375.79%Acquisition of a 41.5% interest in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd.
3. Consolidated Cash Flow Statement Items for Q1~Q3

ItemQ1~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 activities52,000,140.67612,388,654.75-91.51%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 shareholders53,393Number of preference shareholders with resumed voting rights (if any)0   
Top 10 shareholders      
Name of shareholderNature of shareholderShareholding percentageTotal shares heldRestricted shares heldShares in pledge, marked or frozen 
     StatusShares
Changzhou Investment Group Co., Ltd.State-owned corporation32.26%227,663,41756,818,181  
Chen JianDomestic individual0.70%4,905,9000  
KGI ASIA LIMITEDForeign corporation0.44%3,101,6950  
Dai WenpingDomestic individual0.38%2,705,2000  
Yang Xue’eDomestic individual0.30%2,111,9000  
Su ZhenxingDomestic individual0.23%1,592,0930  
Li SuinanDomestic individual0.22%1,569,1000  
Huang GuoliangDomestic individual0.22%1,528,8910  
Xue HongDomestic individual0.20%1,398,1000  
Tao XiaofangDomestic individual0.19%1,310,0000  
Top 10 unrestricted shareholders      
Name of shareholderUnrestricted ordinary shares heldShares by class    
  ClassShares   
Changzhou Investment Group Co., Ltd.170,845,236RMB- denominated ordinary share170,845,236   
Chen Jian4,905,900RMB- denominated ordinary share4,905,900   
KGI ASIA LIMITED3,101,695Domestically listed foreign share3,101,695   
Dai Wenping2,705,200RMB- denominated ordinary share2,705,200   
Yang Xue’e2,111,900RMB- denominated ordinary share2,111,900   
Su Zhenxing1,592,093RMB- denominated ordinary share1,592,093   
Li Suinan1,569,100Domestically listed foreign share1,569,100   
Huang Guoliang1,528,891Domestically listed foreign share1,528,891   
Xue Hong1,398,100Domestically listed foreign share1,398,100   
Tao Xiaofang1,310,000RMB- denominated ordinary share1,310,000   
Related or acting-in-concert parties among the shareholders aboveIt 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 tradingChen 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

Item30 September 20221 January 2022
Current assets:  
Monetary assets645,607,594.39707,966,678.74
Settlement reserve  
Loans to other banks and financial institutions  
Held-for-trading financial assets276,615,340.50404,053,261.57
Derivative financial assets  
Notes receivable466,815,202.65334,311,236.78
Accounts receivable992,868,051.36375,209,126.48
Receivables financing140,969,635.00497,388,826.02
Prepayments9,880,041.008,197,418.39
Premiums receivable  
Reinsurance receivables  
Receivable reinsurance contract reserve  
Other receivables20,427,334.2619,515,350.52
Including: Interest receivable  
Dividends receivable  
Financial assets purchased under resale agreements  
Inventories503,234,907.64651,083,758.18
Contract assets  
Assets held for sale  
Current portion of non-current assets  
Other current assets31,720,575.6344,060,822.57
Total current assets3,088,138,682.433,041,786,479.25
Non-current assets:  
Loans and advances to customers  
Debt investments37,898,226.3937,898,226.39
Other debt investments  
Long-term receivables  
Long-term equity investments  
Investments in other equity906,142,866.29779,877,646.53
instruments  
Other non-current financial assets373,500,000.00112,500,000.00
Investment property42,769,898.5444,597,255.21
Fixed assets692,380,621.81402,915,521.65
Construction in progress78,925,875.74270,305,690.91
Productive living assets  
Oil and gas assets  
Right-of-use assets  
Intangible assets157,395,904.88155,154,745.91
Development costs  
Goodwill  
Long-term prepaid expense168,183.91110,345.30
Deferred income tax assets10,705,583.2910,693,809.23
Other non-current assets11,611,024.844,543,240.88
Total non-current assets2,311,498,185.691,818,596,482.01
Total assets5,399,636,868.124,860,382,961.26
Current liabilities:  
Short-term borrowings244,395,924.9973,971,466.65
Borrowings from the central bank  
Loans from other banks and financial institutions  
Held-for-trading financial liabilities  
Derivative financial liabilities  
Notes payable501,477,497.72550,774,400.00
Accounts payable775,107,484.19666,186,668.82
Advances from customers361,746.26660,965.62
Contract liabilities30,463,923.4326,864,081.97
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 payable14,097,513.0245,385,667.48
Taxes and levies payable6,265,011.985,306,378.82
Other payables157,030,507.24148,361,373.29
Including: Interest payable  
Dividends payable3,891,433.833,891,433.83
Fees and commissions payable  
Reinsurance payables  
Liabilities directly associated with assets held for sale  
Current portion of non-current liabilities  
Other current liabilities103,352,743.9288,938,192.79
Total current liabilities1,832,552,352.751,606,449,195.44
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 income39,615,355.4039,615,355.40
Deferred income tax liabilities154,831,307.46117,344,161.11
Other non-current liabilities  
Total non-current liabilities194,446,662.86156,959,516.51
Total liabilities2,026,999,015.611,763,408,711.95
Owners’ equity:  
Share capital705,692,507.00705,692,507.00
Other equity instruments  
Including: Preference shares  
Perpetual bonds  
Capital reserves640,133,963.01640,676,218.40
Less: Treasury stock  
Other comprehensive income613,336,936.34506,011,499.55
Specific reserve18,812,950.0418,812,950.04
Surplus reserves334,144,488.46334,144,488.46
General reserve  
Retained earnings989,677,876.53872,212,354.88
Total equity attributable to owners of the Company as the parent3,301,798,721.383,077,550,018.33
Non-controlling interests70,839,131.1319,424,230.98
Total owners’ equity3,372,637,852.513,096,974,249.31
Total liabilities and owners’ equity5,399,636,868.124,860,382,961.26
Legal representative: Shi Xinkun General Manager: Zhang Xin
2. Consolidated Income Statement for Q1~Q3
Unit: RMB

ItemQ1~Q3 2022Q1~Q3 2021
1. Revenues1,723,822,161.111,981,354,126.38
Including: Operating revenue1,723,822,161.111,981,354,126.38
Interest income  
Insurance premium income  
Fee and commission income  
2. Costs and expenses1,723,250,063.201,942,537,176.98
Including: Cost of sales1,528,285,603.141,709,842,352.28
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 levies10,481,397.499,599,626.55
Selling expense80,388,110.8397,211,507.42
Administrative expense63,510,263.0269,073,749.70
R&D expense60,330,415.3555,986,252.72
Finance costs-19,745,726.63823,688.31
Including: Interest expense6,012,305.105,806,935.93
Interest income8,356,889.057,246,601.53
Add: Other income3,046,711.99766,454.70
Return on investment (“-” for loss)13,836,894.988,663,940.64
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)147,105,037.74101,609,123.57
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)-361,395.366,459.16
3. Operating profit (“-” for loss)155,379,086.24128,702,362.47
Add: Non-operating income3,745,972.291,268,521.68
Less: Non-operating expense1,092,345.39481,411.09
4. Gross profit (“-” for loss)158,032,713.14129,489,473.06
Less: Income tax expense21,137,842.5523,705,272.54
5. Net profit (“-” for net loss)136,894,870.59105,784,200.52
5.1 By operating continuity  
5.1.1 Net profit from continuing operations (“-” for net loss)136,894,870.59105,784,200.52
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)135,810,351.96105,710,713.42
5.2.1 Net profit attributable to non-controlling interests (“-” for net loss)1,084,518.6373,487.10
6. Other comprehensive income, net of tax107,325,436.79122,935,279.81
Attributable to owners of the Company as the parent107,325,436.79122,935,279.81
6.1 Items that will not be reclassified to profit or loss107,325,436.79122,935,279.81
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 instruments107,325,436.79122,935,279.81
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 income244,220,307.38228,719,480.33
7.1 Attributable to owners of the Company as the parent243,135,788.75228,645,993.23
7.2 Attributable to non-controlling interests1,084,518.6373,487.10
8. Earnings per share  
8.1 Basic earnings per share0.19240.1734
8.2 Diluted earnings per share0.19240.1734
Legal representative: Shi Xinkun General Manager: Zhang Xin (未完)
各版头条