[三季报]苏常柴Ｂ(200570):常柴股份有限公司2023年第三季度报告（英文）

 时间：2023年10月27日 16:47:46 中财网

原标题:苏常柴Ｂ:常柴股份有限公司2023年第三季度报告（英文）

Stock Code: 000570, 200570 Stock Name: Changchai, Changchai-B Announcement No. 2023-067 CHANGCHAI COMPANY, LIMITED
THIRD QUARTERLY REPORT 2023
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 2023YoY change (%)Q1-Q3 2023YoY change (%)
Operating revenue (RMB)458,557,165.00-15.95%1,809,074,804.854.95%
Net profit attributable to the listed company’s shareholders (RMB)24,931,699.23-83.42%156,869,023.8915.51%
Net profit attributable to the listed company’s shareholders before exceptional items (RMB)-16,029,859.81——-10,204,315.83——
Net cash generated from/used in operating activities (RMB)————-214,128,249.30——
Basic earnings per share (RMB/share)0.0353-83.42%0.222315.54%
Diluted earnings per share (RMB/share)0.0353-83.42%0.222315.54%
Weighted average return0.71%-4.04%4.67%0.46%
on equity (%)　　　　
　30 September 202331 December 2022Change (%)　
Total assets (RMB)5,495,618,169.815,219,359,853.425.29%　
Equity attributable to the listed company’s shareholders (RMB)3,513,146,322.703,284,710,665.906.95%　
(II) Exceptional Gains and Losses
? Applicable □ Not applicable
Unit: RMB

ItemQ3 2023Q1-Q3 2023Note
Gain or loss on disposal of non- current assets (inclusive of impairment allowance write-offs)305,204.87105,700,898.12　
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)945,026.584,244,083.10　
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)44,644,600.5567,231,978.11Increased fair value of the equity interests held by the Company in Jiangsu Horizon New Energy Technology Co., Ltd. and dividend payments of Bank of Jiangsu
Non-operating income and expense other than the above-939,156.94-1,740,966.10　
Less: Income tax effects4,009,802.828,631,372.02　
Non-controlling interests effects (net of tax)-15,686.80-268,718.51　
Total40,961,559.04167,073,339.72--
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 2023 (RMB)1 January 2023 (RMB)Change (%)Explanation of why
Accounts receivable948,500,359.63370,322,179.77156.13%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 financing68,624,801.14242,813,392.79-71.74%Decreased bank acceptance notes with high credit ratings
Prepayments13,917,494.126,330,202.69119.86%Increased prepayments for suppliers to provide more support for them
Other receivables85,082,839.1032,938,305.16158.31%Compensation to be received for land expropriation
Other current assets1,440,860.1449,279,022.49-97.08%Decreased overpaid value added tax
Deferred income tax assets4,617,363.3226,220,575.93-82.39%Decreased deductible losses before offsetting
Notes payable654,553,381.77471,876,397.7238.71%Suppliers were paid more often in the form of notes payable.
Employee benefits payable14,127,692.1949,351,022.47-71.37%Salaries and bonuses accrued last year were paid in the Reporting Period
Taxes and levies payable5,309,868.708,570,175.39-38.04%Decreased value added tax payable and other taxes and levies payable
2. Consolidated Income Statement Items for Q1~Q3

ItemQ1~Q3 2023 (RMB)Q1~Q3 2022 (RMB)Change (%)Explanation of why
Finance costs-4,386,564.04-19,745,726.63——Decreased exchange gains and interest revenue
Other income4,244,083.103,046,711.9939.30%Increased government grants
Gain on changes in fair value50,146,450.23147,105,037.74-65.91%The fair value of the equity interests held by the Company in Jiangsu Horizon New Energy Technology Co., Ltd. increased slower during the current period compared with the same period of last year.
Asset impairment loss-565,273.494,947,828.84-111.42%The same period of last year saw reversal of inventory valuation allowances, with no such reversal in the current period.
Asset disposal income105,700,898.12-361,395.36——Expropriation of constructions on the state- owned land of the Changzhou Wuxing branch company during the Reporting Period
Non-operating income635,091.373,745,972.29-83.05%The main reason is that the merger cost of the company's acquisition of 41.5% equity in Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. last year was less than the fair value share of identifiable net assets obtained, with no such goodwill in the current period.
Non-operating expense2,376,057.471,092,345.39117.52%Increased abandonment losses during the Reporting Period
Income tax expense12,136,766.2021,137,842.55-42.58%Unused deferred income tax assets that are deductible against losses during the Reporting Period
Net profit attributable to non-controlling6,051,686.401,084,518.63458.01%Increased profit of subsidiary Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. during the Reporting Period
interests　　　　
3. Consolidated Cash Flow Statement Items for Q1~Q3

ItemQ1~Q3 2023 (RMB)Q1~Q3 2022 (RMB)Change (%)Explanation of why
Net cash generated from/used in operating activities-214,128,249.30-82,550,839.42——Increase of accounts receivable since most of the Company’s multi-cylinder diesel engine customers are supporting companies of main engine, which are usually given longer payment days and the Company properly allowed customers’ buying on credit for more markets to step up efforts to expand the market, relative to the capital return of less.
Net cash generated from/used in investing activities12,802,394.50-50,712,854.83——The same period of last year saw the acquisition of a 41.5% interest in Zhenjiang Siyang and a capital increase by the Company to Jiangsu Horizon New Energy Technology Co., Ltd., with no such investments in the current period. Meanwhile, part of the compensation for the expropriation of land of the Changzhou Wuxing branch company was received in the current period.
Net cash generated from/used in financing activities-8,773,914.9152,000,140.67——The same period of last year saw discounting of bank acceptance notes with lower credit r atings, with no such events 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 shareholders56,385Number 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　　
MORGAN STANLEY & CO. INTERNATI ONAL PLC.Foreign corporation1.10%7,769,569　　　
Chen JianDomestic individual0.57%4,042,600　　　
KGI ASIA LIMITEDForeign corporation0.44%3,101,695　　　
CITIC Securities Company LimitedState-owned corporation0.41%2,902,151　　　
MERRILL LYNCH INTERNATI ONALForeign corporation0.35%2,442,573　　　
Wu ChunhuaDomestic individual0.35%2,442,200　　　
Shenwan Hongyuan Securities Co., Ltd.State-owned corporation0.24%1,686,141　　　
Li SuinanDomestic individual0.23%1,593,800　　　
Zhang WenbingDomestic individual0.22%1,545,300　　　
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　　　
MORGAN STANLEY & CO. INTERNATIONAL PLC.7,769,569RMB- denominated ordinary share7,769,569　　　
Chen Jian4,042,600RMB- denominated ordinary share4,042,600　　　
KGI ASIA LIMITED3,101,695Domestically listed foreign share3,101,695　　　
CITIC Securities Company Limited2,902,151RMB- denominated ordinary share2,902,151　　　
MERRILL LYNCH INTERNATIONAL2,442,573RMB- denominated ordinary share2,442,573　　　
Wu Chunhua2,442,200RMB- denominated ordinary share2,442,200　　　
Shenwan Hongyuan Securities Co., Ltd.1,686,141RMB- denominated ordinary share1,686,141　　　
Li Suinan1,593,800Domestically listed foreign share1,593,800　　　
Zhang Wenbing1,545,300RMB- denominated ordinary share1,545,300　　　
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 Wu Chunhua respectively held 2,478,800 and 2,442,200 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
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Changchai Company, Limited
30 September 2023
Unit: RMB

Item30 September 20231 January 2023
Current assets:　　
Monetary assets793,921,697.53930,013,350.97
Settlement reserve　　
Loans to other banks and financial institutions　　
Held-for-trading financial assets282,842,226.89370,103,602.57
Derivative financial assets　　
Notes receivable302,393,726.46297,125,872.54
Accounts receivable948,500,359.63370,322,179.77
Receivables financing68,624,801.14242,813,392.79
Prepayments13,917,494.126,330,202.69
Premiums receivable　　
Reinsurance receivables　　
Receivable reinsurance contract reserve　　
Other receivables85,082,839.1032,938,305.16
Including: Interest receivable　　
Dividends receivable　　
Financial assets purchased under resale agreements　　
Inventories598,301,697.90571,996,881.74
Contract assets　　
Assets held for sale　　
Current portion of non-current assets　　
Other current assets1,440,860.1449,279,022.49
Total current assets3,095,025,702.912,870,922,810.72
Non-current assets:　　
Loans and advances to customers　　
Debt investments40,368,109.0939,309,587.93
Other debt investments　　
Long-term receivables　　
Long-term equity investments　　
Investments in other equity instruments1,046,911,240.08955,560,240.08
Other non-current financial assets412,914,576.80373,500,000.00
Investment property40,361,736.5042,160,779.65
Fixed assets668,250,365.81720,061,387.76
Construction in progress34,490,146.9630,281,547.56
Productive living assets　　
Oil and gas assets　　
Right-of-use assets　　
Intangible assets148,221,028.54157,392,217.54
Development costs　　
Goodwill　　
Long-term prepaid expense3,064,658.613,279,970.32
Deferred income tax assets4,617,363.3226,220,575.93
Other non-current assets1,393,241.19670,735.93
Total non-current assets2,400,592,466.902,348,437,042.70
Total assets5,495,618,169.815,219,359,853.42
Current liabilities:　　
Short-term borrowings106,666,549.81115,437,700.65
Borrowings from the central bank　　
Loans from other banks and financial institutions　　
Held-for-trading financial liabilities　　
Derivative financial liabilities　　
Notes payable654,553,381.77471,876,397.72
Accounts payable599,509,101.34747,010,098.88
Advances from customers855,803.44837,425.55
Contract liabilities35,020,256.8832,843,692.83
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 payable14,127,692.1949,351,022.47
Taxes and levies payable5,309,868.708,570,175.39
Other payables170,503,548.85160,046,882.93
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 liabilities100,476,641.2178,645,741.16
Total current liabilities1,687,022,844.191,664,619,137.58
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 income33,648,328.8436,205,625.94
Deferred income tax liabilities183,284,815.01161,360,251.33
Other non-current liabilities　　
Total non-current liabilities216,933,143.85197,565,877.27
Total liabilities1,903,955,988.041,862,185,014.85
Owners’ equity:　　
Share capital705,692,507.00705,692,507.00
Other equity instruments　　
Including: Preference shares　　
Perpetual bonds　　
Capital reserves640,133,963.01640,133,963.01
Less: Treasury stock　　
Other comprehensive income732,990,054.07655,341,704.07
Specific reserve19,824,064.7318,848,856.75
Surplus reserves349,197,725.72349,197,725.72
General reserve　　
Retained earnings1,065,308,008.17915,495,909.35
Total equity attributable to owners of the Company as the parent3,513,146,322.703,284,710,665.90
Non-controlling interests78,515,859.0772,464,172.67
Total owners’ equity3,591,662,181.773,357,174,838.57
Total liabilities and owners’ equity5,495,618,169.815,219,359,853.42
Legal representative: Xie Guozhong General Manager: Xie Guozhong
Head of the accounting department: Jiang He
2. Consolidated Income Statement for Q1~Q3
Unit: RMB

ItemQ1~Q3 2023Q1~Q3 2022
1. Revenues1,809,074,804.851,723,822,161.11
Including: Operating revenue1,809,074,804.851,723,822,161.11
Interest income　　
Insurance premium income　　
Fee and commission income　　
2. Costs and expenses1,793,921,012.031,723,250,063.20
Including: Cost of sales1,550,178,804.981,528,285,603.14
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 levies11,219,574.8610,481,397.49
Selling expense91,990,466.0380,388,110.83
Administrative expense76,256,928.1763,510,263.02
R&D expense68,661,802.0360,330,415.35
Finance costs-4,386,564.04-19,745,726.63
Including: Interest expense4,289,281.126,012,305.10
Interest income8,242,392.288,356,889.05
Add: Other income4,244,083.103,046,711.99
Return on investment (“-” for loss)17,099,924.8513,836,894.98
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)50,146,450.23147,105,037.74
Credit impairment loss (“-” for loss)-14,981,433.04-13,768,089.86
Asset impairment loss (“-” for loss)-565,273.494,947,828.84
Asset disposal income (“-” for loss)105,700,898.12-361,395.36
3. Operating profit (“-” for loss)176,798,442.59155,379,086.24
Add: Non-operating income635,091.373,745,972.29
Less: Non-operating expense2,376,057.471,092,345.39
4. Gross profit (“-” for loss)175,057,476.49158,032,713.14
Less: Income tax expense12,136,766.2021,137,842.55
5. Net profit (“-” for net loss)162,920,710.29136,894,870.59
5.1 By operating continuity　　
5.1.1 Net profit from continuing operations (“-” for net loss)162,920,710.29136,894,870.59
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)156,869,023.89135,810,351.96
5.2.1 Net profit attributable to non-controlling interests (“-” for net loss)6,051,686.401,084,518.63
6. Other comprehensive income, net of tax77,648,350.00107,325,436.79
Attributable to owners of the Company as the parent77,648,350.00107,325,436.79
6.1 Items that will not be reclassified to profit or loss77,648,350.00107,325,436.79
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 instruments77,648,350.00107,325,436.79
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 income240,569,060.29244,220,307.38
7.1 Attributable to owners of the Company as the parent234,517,373.89243,135,788.75
7.2 Attributable to non-controlling interests6,051,686.401,084,518.63
8. Earnings per share　　
8.1 Basic earnings per share0.22230.1924
8.2 Diluted earnings per share0.22230.1924
Legal representative: Xie Guozhong General Manager: Xie Guozhong
Head of the accounting department: Jiang He
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
（未完）
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