[一季报]苏常柴Ｂ(200570):常柴股份有限公司2024年第一季度报告（英文）
|
时间：2024年04月29日 17:03:23 中财网 |
|
原标题:苏常柴Ｂ:常柴股份有限公司2024年第一季度报告（英文）
Stock Code: 000570, 200570 Stock Name: Changchai, Changchai-B Announcement No. 2024-015
CHANGCHAI COMPANY, LIMITED
FIRST QUARTERLY REPORT 2024
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
| | Q1 2024 | Q1 2023 | YoY change (%) | | Operating revenue (RMB) | 836,479,520.73 | 703,102,297.70 | 18.97% | | Net profit attributable to the listed company’s
shareholders (RMB) | 32,382,777.70 | 23,934,592.54 | 35.30% | | Net profit attributable to the listed company’s
shareholders before exceptional items (RMB) | 39,340,826.68 | 1,107,543.07 | 3,452.08% | | Net cash generated from/used in operating
activities (RMB) | -16,877,796.78 | -71,086,048.66 | —— | | Basic earnings per share (RMB/share) | 0.0459 | 0.0339 | 35.40% | | Diluted earnings per share (RMB/share) | 0.0459 | 0.0339 | 35.40% | | Weighted average return on equity (%) | 0.95% | 0.73% | 0.22% | | | 31 March 2024 | 31 December 2023 | Change (%) | | Total assets (RMB) | 5,310,015,979.74 | 5,159,394,958.92 | 2.92% | | Equity attributable to the listed company’s
shareholders (RMB) | 3,455,988,885.60 | 3,398,946,911.23 | 1.68% |
(II) Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB
| Item | Q1 2024 | Note | | Gain or loss on disposal of non-current
assets (inclusive of impairment allowance
write-offs) | 421,678.54 | | | Government grants recognised in profit or
loss (exclusive of those that are closely
related to the Company's normal business
operations and given in accordance with
defined criteria and in compliance with
government policies, and have a
continuing impact on the Company's profit
or loss) | 205,752.64 | | | Gain or loss on fair-value changes in
financial assets and liabilities held by a
non-financial enterprise, as well as on
disposal of financial assets and liabilities
(exclusive of the effective portion of
hedges that is related to the Company's
normal business operations) | -12,754,548.76 | Decrease in the fair value of stocks of
Jiangsu Liance Electromechanical
Technology Co., Ltd. and Kailong High
Technology Co., Ltd. held by the
Company’s wholly-owned subsidiary
Changzhou Horizon Investment Co., Ltd.
at the period-end. | | Non-operating income and expense other
than the above | 266,860.33 | | | Less: Income tax effects | -4,901,912.10 | | | Non-controlling interests effects
(net of tax) | -296.17 | | | Total | -6,958,048.98 | -- |
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 | 31 March 2024
(RMB) | 1 January 2024
(RMB) | Change (%) | Explanation of why | | Trading financial
assets | 392,073,902.48 | 225,641,429.94 | 73.76% | Increase in wealth management
products purchased in the Reporting
Period | | Accounts
receivable | 927,309,793.04 | 316,543,159.91 | 192.95% | 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 due to the
product emission upgrading | | Receivables
financing | 43,039,962.27 | 195,875,948.92 | -78.03% | Discounting some bank acceptance
bills with higher credit rating in the
Reporting Period | | Other receivables | 8,369,962.10 | 49,699,753.61 | -83.16% | Receiving the remaining housing
expropriation compensation of
Changzhou Wuxing branch
company in the Reporting Period | | Other current
assets | 11,246,642.93 | 20,910,504.84 | -46.22% | Decreased overpaid value added tax | | Other non-
current assets | 1,439,496.77 | 2,578,776.77 | -44.18% | Decrease in prepayment for
purchasing equipment in the
Reporting Period | | Employee
benefits payable | 19,915,758.78 | 47,738,883.57 | -58.28% | Salaries and bonuses accrued last
period were paid in the Reporting
Period | | Taxes and levies
payable | 33,356,751.03 | 6,231,169.74 | 435.32% | Increased value added tax payable
and other taxes and levies payable | | Other current
liabilities | 91,687,395.08 | 67,069,965.96 | 36.70% | Increase in transferred bank
acceptance bills before maturity
with low credit rating in the
Reporting Period |
2. Consolidated Income Statement Items
| Item | Q1 2024 (RMB) | Q1 2023 (RMB) | Change (%) | Explanation of why | | Development
costs | 20,281,737.94 | 15,089,418.27 | 34.41% | Increase in investment in R&D
projects in the Reporting Period | | Finance costs | -3,640,059.02 | 2,888,672.62 | —— | Increased exchange gains and
decreased interest expenses | | Other income | 205,752.64 | 1,110,261.12 | -81.47% | Decreased government grants | | Return on
investment | 523,222.06 | 2,726,741.04 | -80.81% | YoY decrease in interest income
from trading financial assets | | Gain on changes
in fair value | -13,802,251.45 | 25,718,114.28 | -153.67% | Decrease in the fair value of stocks
of Jiangsu Liance Electromechanical
Technology Co., Ltd. and Kailong
High Technology Co., Ltd. held by
the Company’s wholly-owned
subsidiary Changzhou Horizon
Investment Co., Ltd. at the period-
end. | | Credit
impairment loss | -11,899,204.76 | -7,540,965.36 | —— | Increase in impairment losses
provided accordingly to the increase
in accounts receivable in the
Reporting Period | | Asset impairment
loss | 421,678.54 | 16,000.00 | 2535.49% | Disposal of fixed assets | | Income tax
expense | 5,272,662.37 | 7,666,120.91 | -31.22% | Decrease in fair value of trading
financial assets held by the
Company’s wholly-owned
subsidiary Changzhou Horizon
Investment Co., Ltd. and
corresponding decrease in deferred
income tax liabilities in the
Reporting Period | | Net profit
attributable to
shareholders of
the Company as
the parent | 32,382,777.70 | 23,934,592.54 | 35.30% | Increase in sales proportion of
products with higher gross profit
margins with the optimization of the
sales structure of the Company’s
products in the Reporting Period |
3. Consolidated Cash Flow Statement Items
| Item | Q1 2024 (RMB) | Q1 2023 (RMB) | Change (%) | Explanation of why | | Net cash
generated
from/used in
operating
activities | -16,877,796.78 | -71,086,048.66 | —— | Decrease in cash paid to customers
for purchase due to that the
Company digested the previous
year’s inventory goods in the
Reporting Period | | Net cash
generated
from/used in
investing
activities | -187,867,211.79 | -119,390,601.99 | —— | Increase in investment in wealth
management in the Reporting
Period | | Net cash
generated
from/used in
financing
activities | 0.00 | -69,125.00 | —— | There were no financing activities
in the Reporting Period, but there
was repayment of interest by
subsidiaries in the prior year |
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 | 56,686 | Number of preference shareholders with resumed
voting rights | 0 | | | | | Top 10 shareholders (exclusive of shares lent in refinancing) | | | | | | | | Name of
shareholder | Nature of
shareholder | Shareholdin
g percentage | Total shares
held | Restricted
shares held | Shares in pledge, marked
or frozen | | | | | | | | Status | Shares | | Changzhou
Investment
Group Co., | State-owned
corporation | 32.26% | 227,663,417.00 | 56,818,181.00 | N/A | 0.00 | | Ltd. | | | | | | | | Song Yang | Domestic
individual | 0.71% | 5,000,000.00 | 0.00 | N/A | 0.00 | | Chen Jian | Domestic
individual | 0.55% | 3,862,800.00 | 0.00 | N/A | 0.00 | | KGI ASIA
LIMITED | Foreign
corporation | 0.44% | 3,101,695.00 | 0.00 | N/A | 0.00 | | Wu Chunhua | Domestic
individual | 0.35% | 2,442,200.00 | 0.00 | N/A | 0.00 | | Lu Zhang | Domestic
individual | 0.30% | 2,090,243.00 | 0.00 | N/A | 0.00 | | Goldman
Sachs, LLC | Foreign
corporation | 0.28% | 1,945,467.00 | 0.00 | N/A | 0.00 | | BARCLAYS
BANK PLC | Foreign
corporation | 0.26% | 1,835,622.00 | 0.00 | N/A | 0.00 | | Chen
Hengjun | Domestic
individual | 0.23% | 1,633,600.00 | 0.00 | N/A | 0.00 | | Li Suinan | Domestic
individual | 0.23% | 1,593,800.00 | 0.00 | N/A | 0.00 | | Top 10 unrestricted shareholders | | | | | | | | Name of shareholder | Unrestricted ordinary shares
held | Shares by class | | | | | | | | Class | Shares | | | | | Changzhou Investment Group
Co., Ltd. | 170,845,236.00 | RMB-denominated
ordinary share | 170,845,236.00 | | | | | Song Yang | 5,000,000.00 | RMB-denominated
ordinary share | 5,000,000.00 | | | | | Chen Jian | 3,862,800.00 | RMB-denominated
ordinary share | 3,862,800.00 | | | | | KGI ASIA LIMITED | 3,101,695.00 | Domestically listed
foreign share | 3,101,695.00 | | | | | Wu Chunhua | 2,442,200.00 | RMB-denominated
ordinary share | 2,442,200.00 | | | | | Lu Zhang | 2,090,243.00 | Domestically listed
foreign share | 2,090,243.00 | | | | | Goldman Sachs, LLC | 1,945,467.00 | RMB-denominated
ordinary share | 1,945,467.00 | | | | | BARCLAYS BANK PLC | 1,835,622.00 | RMB-denominated
ordinary share | 1,835,622.00 | | | | | Chen Hengjun | 1,633,600.00 | RMB-denominated
ordinary share | 1,633,600.00 | | | | | Li Suinan | 1,593,800.00 | Domestically listed
foreign share | 1,593,800.00 | | | | | 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 | Shareholders Chen Jian and Wu Chunhua respectively held
3,022,800 shares 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
1. Expropriation of the Wuxing branch company’s properties on state-owned land and compensation On 25 May 2023, the Proposal on the Intention to Sign the Agreement on the Expropriation of the Properties of
the Wuxing Branch Company on State-owned Land in Changzhou City and the Compensation was approved at
the 17th Meeting of the Ninth Board of Directors. Later, the said matter was approved at the First Extraordinary
General Meeting of Shareholders in 2023 dated 12 June 2023. As such, the Company was agreed to sign a
contract with Changzhou Zhonglou District Housing and Urban-Rural Development Bureau on the expropriation of the Wuxing branch company’s properties on state-owned land and the compensation, with the
contractual total compensation amount being RMB117 million. On 14 June 2023, the Company signed the
Agreement on the Expropriation of the Properties of the Wuxing Branch Company on State-owned Land in
Changzhou City and the Compensation with Changzhou Zhonglou District Housing and Urban-Rural Development Bureau, and received the first compensation payment of RMB70 million on 28 June 2023, and
received the residual compensation payment of RMB47 million on 9 January 2024. 2. Housing expropriation on state-owned land and compensation of Sanjing Branch On 27 October 2023, the Company held the Third Meeting of the Tenth Board of Directors, deliberating on and
approving the Proposal on Signing the Sanjing Branch's Agreement on Non-residential Housing Expropriation
and Compensation in Xinbei District, Changzhou City. The matter was approved at the third extraordinary
general meeting on 14 November 2023, approving that the Company would sign agreement with the Housing
and Urban-Rural Development Bureau of Changzhou National High-tech Industrial Development Zone and the
Housing Expropriation and Compensation Service Centre of Sanjing Street, Xinbei District, Changzhou City,
regarding the housing expropriation on state-owned land and compensation of the Sanjing Branch. The total
compensation amount under the agreement was RMB99,929,900. On 29 November 2023, the Company signed the Agreement on Non-residential Housing Expropriation and Compensation with the Housing and Urban-Rural
Development Bureau of Changzhou National High-tech Industrial Development Zone and the Housing Expropriation and Compensation Service Centre of Sanjing Street, Xinbei District, Changzhou City. The
Company received the first compensation of RMB30 million in the Reporting Period. IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Changchai Company, Limited
31 March 2024
| Item | 31 March 2024 | 1 January 2024 | | Current assets: | | | | Monetary assets | 856,670,442.52 | 1,083,867,966.87 | | Settlement reserve | | | | Loans to other banks and
financial institutions | | | | Held-for-trading financial assets | 392,073,902.48 | 225,641,429.94 | | Derivative financial assets | | | | Notes receivable | 113,604,375.63 | 161,632,567.94 | | Accounts receivable | 927,309,793.04 | 316,543,159.91 | | Receivables financing | 43,039,962.27 | 195,875,948.92 | | Prepayments | 10,894,841.77 | 12,333,310.85 | | Premiums receivable | | | | Reinsurance receivables | | | | Receivable reinsurance contract
reserve | | | | Other receivables | 8,369,962.10 | 49,699,753.61 | | Including: Interest receivable | | | | Dividends
receivable | | | | Financial assets purchased under
resale agreements | | | | Inventories | 637,704,906.34 | 789,220,185.68 | | Including: Data resource | | | | Contract assets | | | | Assets held for sale | | | | Current portion of non-current
assets | 40,773,509.75 | 40,773,509.75 | | Other current assets | 11,246,642.93 | 20,910,504.84 | | Total current assets | 3,041,688,338.83 | 2,896,498,338.31 | | Non-current assets: | | | | Loans and advances to customers | | | | Debt investments | | | | Other debt investments | | | | Long-term receivables | | | | Long-term equity investments | | | | Investments in other equity
instruments | 997,802,025.67 | 969,488,025.67 | | Other non-current financial
assets | 412,914,576.80 | 412,914,576.80 | | Investment property | 39,313,379.72 | 39,837,558.11 | | Fixed assets | 656,580,629.54 | 675,596,920.95 | | Construction in progress | 4,438,282.27 | 4,275,622.18 | | Productive living assets | | | | Oil and gas assets | | | | Right-of-use assets | | | | Intangible assets | 146,380,637.41 | 148,458,185.68 | | Including: Data resource | | | | Development costs | | | | Including: Data resource | | | | Goodwill | | | | Long-term prepaid expense | 7,939,616.94 | 8,227,958.66 | | Deferred income tax assets | 1,518,995.79 | 1,518,995.79 | | Other non-current assets | 1,439,496.77 | 2,578,776.77 | | Total non-current assets | 2,268,327,640.91 | 2,262,896,620.61 | | Total assets | 5,310,015,979.74 | 5,159,394,958.92 | | Current liabilities: | | | | Short-term borrowings | | | | Borrowings from the central bank | | | | Loans from other banks and
financial institutions | | | | Held-for-trading financial
liabilities | | | | Derivative financial liabilities | | | | Notes payable | 560,693,656.21 | 528,139,582.33 | | Accounts payable | 612,997,833.81 | 641,484,184.05 | | Advances from customers | 30,647,441.22 | 1,647,441.22 | | Contract liabilities | 40,073,982.98 | 33,352,877.66 | | 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 | 19,915,758.78 | 47,738,883.57 | | Taxes and levies payable | 33,356,751.03 | 6,231,169.74 | | Other payables | 186,400,648.38 | 159,023,382.81 | | 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 | 91,687,395.08 | 67,069,965.96 | | Total current liabilities | 1,575,773,467.49 | 1,484,687,487.34 | | 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 | 32,795,896.48 | 32,795,896.48 | | Deferred income tax liabilities | 172,670,628.68 | 171,843,455.52 | | Other non-current liabilities | | | | Total non-current liabilities | 205,466,525.16 | 204,639,352.00 | | Total liabilities | 1,781,239,992.65 | 1,689,326,839.34 | | Owners’ equity: | | | | Share capital | 705,692,507.00 | 705,692,507.00 | | Other equity instruments | | | | Including: Preference shares | | | | Perpetual bonds | | | | Capital reserves | 640,509,675.84 | 640,509,675.84 | | Less: Treasury stock | | | | Other comprehensive income | 691,247,221.82 | 667,180,321.82 | | Specific reserve | 20,024,386.19 | 19,432,089.52 | | Surplus reserves | 363,695,592.34 | 363,695,592.34 | | General reserve | | | | Retained earnings | 1,034,819,502.41 | 1,002,436,724.71 | | Total equity attributable to owners
of the Company as the parent | 3,455,988,885.60 | 3,398,946,911.23 | | Non-controlling interests | 72,787,101.49 | 71,121,208.35 | | Total owners’ equity | 3,528,775,987.09 | 3,470,068,119.58 | | Total liabilities and owners’ equity | 5,310,015,979.74 | 5,159,394,958.92 |
Legal representative: Xie Guozhong General Manager: Xie Guozhong
Head of the accounting department: Jiang He
2. Consolidated Income Statement
Unit: RMB
| Item | Q1 2024 | Q1 2023 | | 1. Revenues | 836,479,520.73 | 703,102,297.70 | | Including: Operating revenue | 836,479,520.73 | 703,102,297.70 | | Interest revenue | | | | Insurance premium income | | | | Fee and commission income | | | | 2. Costs and expenses | 772,816,412.40 | 691,918,401.77 | | Including: Cost of sales | 689,569,001.62 | 610,046,549.40 | | Interest costs | | | | 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 | 4,683,468.33 | 3,617,737.48 | | Selling expense | 35,869,182.08 | 34,136,631.64 | | Administrative expense | 26,053,081.45 | 26,139,392.36 | | R&D expense | 20,281,737.94 | 15,089,418.27 | | Finance costs | -3,640,059.02 | 2,888,672.62 | | Including: Interest costs | 587,604.70 | 2,590,486.99 | | Interest revenue | 3,080,070.64 | 3,370,700.72 | | Add: Other income | 205,752.64 | 1,110,261.12 | | Return on investment (“-” for loss) | 523,222.06 | 2,726,741.04 | | 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) | -13,802,251.45 | 25,718,114.28 | | Credit impairment loss (“-” for loss) | -11,899,204.76 | -7,540,965.36 | | Asset impairment loss (“-” for loss) | -57,832.48 | | | Asset disposal income (“-” for loss) | 421,678.54 | 16,000.00 | | 3. Operating profit (“-” for loss) | 39,054,472.88 | 33,214,047.01 | | Add: Non-operating income | 370,474.42 | 380,282.59 | | Less: Non-operating expense | 103,614.09 | 99,246.35 | | 4. Gross profit (“-” for loss) | 39,321,333.21 | 33,495,083.25 | | Less: Income tax expense | 5,272,662.37 | 7,666,120.91 | | 5. Net profit (“-” for net loss) | 34,048,670.84 | 25,828,962.34 | | 5.1 By operating continuity | | | | 5.1.1 Net profit from continuing operations (“-” for net loss) | 34,048,670.84 | 25,828,962.34 | | 5.1.2 Net profit from discontinued operations (“-” for net loss) | | | | 5.2 By ownership | | | | 5.2.1 Net profit attributable to owners of the Company as the
parent | 32,382,777.70 | 23,934,592.54 | | 5.2.2 Net profit attributable to non-controlling interests | 1,665,893.14 | 1,894,369.80 | | 6. Other comprehensive income, net of tax | 24,066,900.00 | 78,150,700.00 | | Attributable to owners of the Company as the parent | 24,066,900.00 | 78,150,700.00 | | 6.1 Items that will not be reclassified to profit or loss | 24,066,900.00 | 78,150,700.00 | | 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 | 24,066,900.00 | 78,150,700.00 | | 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 | 58,115,570.84 | 103,979,662.34 | | Attributable to owners of the Company as the parent | 56,449,677.70 | 102,085,292.54 | | Attributable to non-controlling interests | 1,665,893.14 | 1,894,369.80 | | 8. Earnings per share | | | | 8.1 Basic earnings per share | 0.0459 | 0.0339 | | 8.2 Diluted earnings per share | 0.0459 | 0.0339 |
Legal representative: Xie Guozhong General Manager: Xie Guozhong （未完）
|
|
