[三季报]苏常柴Ｂ(200570):常柴股份有限公司2024年第三季度报告（英文）
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时间：2024年10月29日 21:46:26 中财网 |
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原标题:苏常柴Ｂ:常柴股份有限公司2024年第三季度报告（英文）
Stock Code: 000570, 200570 Stock Name: Changchai, Changchai-B Announcement No. 2024-033 CHANGCHAI COMPANY, LIMITED
THIRD 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
| | Q3 2024 | YoY change (%) | Q1-Q3 2024 | YoY change (%) | | Operating revenue
(RMB) | 462,057,774.62 | 0.76% | 1,957,966,927.25 | 8.23% | | Net profit attributable to
the listed company’s
shareholders (RMB) | -3,740,213.65 | —— | 46,357,441.50 | -70.45% | | Net profit attributable to
the listed company’s
shareholders before
exceptional items (RMB) | -17,209,332.16 | —— | 42,636,932.81 | —— | | Net cash generated
from/used in operating
activities (RMB) | —— | —— | -310,799,569.86 | —— | | Basic earnings per share
(RMB/share) | -0.0053 | —— | 0.0657 | -70.45% | | Diluted earnings per
share (RMB/share) | -0.0053 | —— | 0.0657 | -70.45% | | Weighted average return
on equity (%) | -0.11% | -0.82% | 1.34% | -3.33% | | | 30 September 2024 | 31 December 2023 | Change (%) | | | Total assets (RMB) | 5,398,904,258.62 | 5,159,394,958.92 | 4.64% | | | Equity attributable to the
listed company’s
shareholders (RMB) | 3,448,089,849.78 | 3,398,946,911.23 | 1.45% | |
(II) Exceptional Gains and Losses
? Applicable □ Not applicable
| Item | Q3 2024 | Q1-Q3 2024 | Note | | Gain or loss on disposal of
non-current assets (inclusive of
impairment allowance write-
offs) | -192,127.32 | 216,118.22 | | | 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) | 172,906.00 | 365,991.00 | | | 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) | 10,507,456.38 | -8,177,138.59 | It was mainly attributable to the
financial gains arising from the
Company’s cash management
and the changes in the fair
value of the 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. | | Reversed portion of
impairment allowance for
accounts receivable which are
tested individually for
impairment | 6,215,662.64 | 6,215,662.64 | | | Non-operating income and
expense other than the above | 228,456.26 | 1,031,656.86 | | | Less: Income tax effects | 3,481,348.93 | -4,228,193.27 | | | Non-controlling interests
effects (net of tax) | -18,113.48 | 159,974.71 | | | Total | 13,469,118.51 | 3,720,508.69 | |
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
2024 (RMB) | 1 January 2024
(RMB) | Change
(%) | Explanation of why | | Monetary assets | 615,448,491.57 | 1,083,867,966.87 | -43.22% | Increase in cash dividends, cash used in
operating activities and purchase of wealth
management products in the Reporting
Period. | | Trading financial
assets | 443,908,871.55 | 225,641,429.94 | 96.73% | Increase in wealth management products
purchased by the Company in the Reporting
Period. | | Accounts
receivable | 1,251,532,755.81 | 316,543,159.91 | 295.38% | 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. | | Receivables
financing | 48,891,443.83 | 195,875,948.92 | -75.04% | Decrease in bank acceptance bills with
higher credit rating held by the Company at
the end of the Reporting Period. | | Other receivables | 5,616,318.99 | 49,699,753.61 | -88.70% | Receiving the remaining housing
expropriation compensation of Changzhou
Wuxing Branch Company. | | Current portion of
non-current assets | 0.00 | 40,773,509.75 | -100.00% | Expiration of three-year fixed time deposits
during the Reporting Period. | | Construction in
progress | 6,415,304.75 | 4,275,622.18 | 50.04% | Increase in input of the Company in
technical transformation project. | | Deferred income
tax assets | 4,174,238.86 | 1,518,995.79 | 174.80% | This mainly resulted from the increase in bad
debt provision, which led to an increase in
deferred tax assets. | | Other non-current
assets | 1,439,496.77 | 2,578,776.77 | -44.18% | Decrease in prepayment for purchasing
equipment in the Reporting Period. | | Notes payable | 723,830,422.54 | 528,139,582.33 | 37.05% | This is mainly due to the fact that companies
pay for goods in the form of bank drafts
more often. | | Advances from
customers | 30,499,552.75 | 1,647,441.22 | 1751.33% | Receiving the first installment of
compensation for Sanjing Land in advance in
the Reporting Period. | | Employee benefits
payable | 10,173,471.06 | 47,738,883.57 | -78.69% | Salaries and bonuses accrued last period
were paid in the Reporting Period. | | Other current | 44,296,616.19 | 67,069,965.96 | -33.95% | Expiration of payment business for | | liabilities | | | | unexpired but transferred notes. |
2. Consolidated Income Statement Items for Q1~Q3
| Item | Q1~Q3 2024
(RMB) | Q1~Q3 2023
(RMB) | Change
(%) | Explanation of why | | Finance costs | -9,749,152.97 | -4,386,564.04 | —— | Increased exchange gains and decreased
interest expenses. | | Gain on changes
in fair value | -25,457,675.31 | 50,146,450.23 | —— | 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. in the
Reporting Period compared to the beginning
of the period. | | Asset disposal
income | 216,118.22 | 105,700,898.12 | -99.80% | Expropriation of constructions on the state-
owned land of Changzhou Wuxing Branch
Company in the previous period, while there
was no such matter in the current period. | | Non-operating
income | 1,406,648.75 | 635,091.37 | 121.49% | Disposal of non-payments during the
Reporting Period. | | Non-operating
expense | 374,991.89 | 2,376,057.47 | -84.22% | Decreased abandonment losses during the
Reporting Period. | | Income tax
expense | 6,488,637.31 | 12,136,766.20 | -46.54% | This mainly resulted from the decrease in
profits during the reporting period and the
changes in deferred tax assets and liabilities. | | Net profit
attributable to
shareholders of
the Company as
the parent | 46,357,441.50 | 156,869,023.89 | -70.45% | Expropriation of constructions on the state-
owned land of Changzhou Wuxing Branch
Company in the previous period and increase
in fair value of equity held by the Company
in Jiangsu Horizon New Energy Technology
Co., Ltd., while there were no such matters in
the current period; 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.
compared to the beginning of the period. |
3. Consolidated Cash Flow Statement Items for Q1~Q3
| Item | Q1~Q3 2024
(RMB) | Q1~Q3 2023
(RMB) | Change
(%) | Explanation of why | | Net cash
generated
from/used in
operating
activities | -310,799,569.86 | -214,128,249.30 | —— | 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 | -196,693,373.04 | 12,802,394.50 | —— | Increase in investment in wealth
management in the Reporting Period | | activities | | | | | | Net cash
generated
from/used in
financing
activities | -33,171,402.31 | -8,773,914.91 | —— | Increase in the amount of cash dividends
paid by the Company during the Reporting
P eriod in order to improve the return on
investment |
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 | 51,659 | Number of preference shareholders with
resumed voting rights (if any) | 0 | | | | | Top 10 shareholders (exclusive of shares lent in refinancing) | | | | | | | | 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 | 0 | N/A | 0 | | Chen Jian | Domestic
individual | 0.55% | 3,915,600 | | | | | KGI ASIA
LIMITED | Foreign
corporation | 0.44% | 3,100,195 | | | | | Wu Chunhua | Domestic
individual | 0.32% | 2,236,500 | | | | | Chen
Hengjun | Domestic
individual | 0.23% | 1,649,100 | | | | | Li Suinan | Domestic
individual | 0.23% | 1,600,300 | | | | | Zhang
Wenbing | Domestic
individual | 0.22% | 1,556,700 | | | | | Huang
Guoliang | Domestic
individual | 0.22% | 1,528,891 | | | | | Lu Zhang | Domestic
individual | 0.21% | 1,486,743 | | | | | Xue Hong | Domestic
individual | 0.20% | 1,380,600 | | | | | Top 10 unrestricted shareholders (exclusive of shares lent in refinancing and locked shares of executives) | | | | | | | | Name of shareholder | Unrestricted shares held | Shares by class | | | | | | | | Class | Shares | | | | | Changzhou Investment Group
Co., Ltd. | 227,663,417 | RMB-
denominated
ordinary share | 227,663,417 | | | | | Chen Jian | 3,915,600 | RMB-
denominated
ordinary share | 3,915,600 | | | | | KGI ASIA LIMITED | 3,100,195 | Domestically
listed foreign
share | 3,100,195 | | | |
| Wu Chunhua | 2,236,500 | RMB-
denominated
ordinary share | 2,236,500 | | Chen Hengjun | 1,649,100 | RMB-
denominated
ordinary share | 1,649,100 | | Li Suinan | 1,600,300 | Domestically
listed foreign
share | 1,600,300 | | Zhang Wenbing | 1,556,700 | RMB-
denominated
ordinary share | 1,556,700 | | Huang Guoliang | 1,528,891 | Domestically
listed foreign
share | 1,528,891 | | Lu Zhang | 1,486,743 | Domestically
listed foreign
share | 1,486,743 | | Xue Hong | 1,380,600 | Domestically
listed foreign
share | 1,380,600 | | 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
3,915,600 and 2,236,500 shares in the Company through their
credit accounts. | | |
5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing
shares lending
□Applicable ? Not applicable
Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return
compared with the prior period
□Applicable ? Not applicable
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them □ Applicable ? Not applicable
III Other Significant Events
? Applicable □ Not applicable
th
On 29 August 2024, the Company convened the 4 Extraordinary Meeting of the Board of Directors and approved the Proposal on Capital Increase in Jiangsu Changchai Machinery Co., Ltd. The Board agreed that
the Company would increase the capital of its wholly-owned subsidiary Jiangsu Changchai Machinery Co., Ltd.
by RMB291,835,919.91 (including the unpaid interest on the loan of RMB4,958,090.18) by way of transferring
debts to capital surplus, and the entire amount of the capital increase would be included into capital surplus. As
of the end of the Reporting Period, the Company has completed the capital increase in Jiangsu Changchai
Machinery Co., Ltd.
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by Changchai Company, Limited
30 September 2024
| | 30 September 2024 | 1 January 2024 | | Current assets: | | | | Monetary assets | 615,448,491.57 | 1,083,867,966.87 | | Settlement reserve | | | | Loans to other banks and
financial institutions | | | | Held-for-trading financial
assets | 443,908,871.55 | 225,641,429.94 | | Derivative financial assets | | | | Notes receivable | 137,258,968.27 | 161,632,567.94 | | Accounts receivable | 1,251,532,755.81 | 316,543,159.91 | | Receivables financing | 48,891,443.83 | 195,875,948.92 | | Prepayments | 14,046,192.48 | 12,333,310.85 | | Premiums receivable | | | | Reinsurance receivables | | | | Receivable reinsurance contract
reserve | | | | Other receivables | 5,616,318.99 | 49,699,753.61 | | Including: Interest
receivable | | | | Dividends
receivable | | | | Financial assets purchased
under resale agreements | | | | Inventories | 616,704,313.56 | 789,220,185.68 | | Including: Data resource | | | | Contract assets | | | | Assets held for sale | 2,951,451.11 | | | Current portion of non-current
assets | | 40,773,509.75 | | Other current assets | 15,166,800.73 | 20,910,504.84 | | Total current assets | 3,151,525,607.90 | 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 | 1,009,502,025.67 | 969,488,025.67 | | Other non-current financial
assets | 412,914,576.80 | 412,914,576.80 | | Investment property | 38,265,022.94 | 39,837,558.11 | | Fixed assets | 623,207,067.13 | 675,596,920.95 | | Construction in progress | 6,415,304.75 | 4,275,622.18 | | Productive living assets | | | | Oil and gas assets | | | | Right-of-use assets | | | | Intangible assets | 143,901,435.67 | 148,458,185.68 | | Including: Data resource | | | | Development costs | | | | Including: Data resource | | | | Goodwill | | | | Long-term prepaid expense | 7,559,482.13 | 8,227,958.66 | | Deferred income tax assets | 4,174,238.86 | 1,518,995.79 | | Other non-current assets | 1,439,496.77 | 2,578,776.77 | | Total non-current assets | 2,247,378,650.72 | 2,262,896,620.61 | | Total assets | 5,398,904,258.62 | 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 | 723,830,422.54 | 528,139,582.33 | | Accounts payable | 612,980,631.68 | 641,484,184.05 | | Advances from customers | 30,499,552.75 | 1,647,441.22 | | Contract liabilities | 38,261,365.80 | 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 | 10,173,471.06 | 47,738,883.57 | | Taxes and levies payable | 6,437,433.36 | 6,231,169.74 | | Other payables | 205,701,020.97 | 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 | 44,296,616.19 | 67,069,965.96 | | Total current liabilities | 1,672,180,514.35 | 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 | 30,238,599.38 | 32,795,896.48 | | Deferred income tax liabilities | 171,138,844.36 | 171,843,455.52 | | Other non-current liabilities | | | | Total non-current liabilities | 201,377,443.74 | 204,639,352.00 | | Total liabilities | 1,873,557,958.09 | 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 | 701,192,221.82 | 667,180,321.82 | | Specific reserve | 21,373,234.40 | 19,432,089.52 | | Surplus reserves | 363,695,592.34 | 363,695,592.34 | | General reserve | | | | Retained earnings | 1,015,626,618.38 | 1,002,436,724.71 | | Total equity attributable to owners
of the Company as the parent | 3,448,089,849.78 | 3,398,946,911.23 | | Non-controlling interests | 77,256,450.75 | 71,121,208.35 | | Total owners’ equity | 3,525,346,300.53 | 3,470,068,119.58 | | Total liabilities and owners’ equity | 5,398,904,258.62 | 5,159,394,958.92 |
Legal representative: Xie Guozhong General Manager: Xie Guozhong
Head of the accounting department: Jiang He
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
| Item | Q1~Q3 2024 | Q1~Q3 2023 | | 1. Revenues | 1,957,966,927.25 | 1,809,074,804.85 | | Including: Operating revenue | 1,957,966,927.25 | 1,809,074,804.85 | | Interest income | | | | Insurance premium income | | | | Fee and commission income | | | | 2. Costs and expenses | 1,880,745,679.29 | 1,793,921,012.03 | | Including: Cost of sales | 1,640,211,081.77 | 1,550,178,804.98 | | 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 | 12,703,429.37 | 11,219,574.86 | | Selling expense | 99,502,748.28 | 91,990,466.03 | | Administrative expense | 81,859,808.25 | 76,256,928.17 | | R&D expense | 56,217,764.59 | 68,661,802.03 | | Finance costs | -9,749,152.97 | -4,386,564.04 | | Including: Interest expense | 1,893,598.30 | 4,289,281.12 | | Interest income | 8,523,735.87 | 8,242,392.28 | | Add: Other income | 2,979,040.74 | 4,244,083.10 | | Return on investment (“-” for loss) | 15,776,718.57 | 17,099,924.85 | | 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) | -25,457,675.31 | 50,146,450.23 | | Credit impairment loss (“-” for loss) | -12,325,470.52 | -14,981,433.04 | | Asset impairment loss (“-” for loss) | -460,315.31 | -565,273.49 | | Asset disposal income (“-” for loss) | 216,118.22 | 105,700,898.12 | | 3. Operating profit (“-” for loss) | 57,949,664.35 | 176,798,442.59 | | Add: Non-operating income | 1,406,648.75 | 635,091.37 | | Less: Non-operating expense | 374,991.89 | 2,376,057.47 | | 4. Gross profit (“-” for loss) | 58,981,321.21 | 175,057,476.49 | | Less: Income tax expense | 6,488,637.31 | 12,136,766.20 | | 5. Net profit (“-” for net loss) | 52,492,683.90 | 162,920,710.29 | | 5.1 By operating continuity | | | | 5.1.1 Net profit from continuing operations (“-” for net
loss) | 52,492,683.90 | 162,920,710.29 | | 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) | 46,357,441.50 | 156,869,023.89 | | 5.2.2 Net profit attributable to non-controlling interests
(“-” for net loss) | 6,135,242.40 | 6,051,686.40 | | 6. Other comprehensive income, net of tax | 34,011,900.00 | 77,648,350.00 | | Attributable to owners of the Company as the parent | 34,011,900.00 | 77,648,350.00 | | 6.1 Items that will not be reclassified to profit or loss | 34,011,900.00 | 77,648,350.00 | | 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 | 34,011,900.00 | 77,648,350.00 | | 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 | 86,504,583.90 | 240,569,060.29 | | 7.1 Attributable to owners of the Company as the parent | 80,369,341.50 | 234,517,373.89 | | 7.2 Attributable to non-controlling interests | 6,135,242.40 | 6,051,686.40 | | 8. Earnings per share | | | | 8.1 Basic earnings per share | 0.0657 | 0.2223 | | 8.2 Diluted earnings per share | 0.0657 | 0.2223 |
Legal representative: Xie Guozhong General Manager: Xie Guozhong （未完）
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