Chongqing Changan Automobile Company Limited
2019 Semi-annual Financial Statements
August 2019
2
Chapter 9 The Financial Statements
I. Auditing Report
Semi-annual report is audited
□ Yes √ No
No audit on the semi-annual financial report.II. Financial statement ment
Financial in notes to the statements of the unit is: RMB yuan
1. Consolidated Balance Sheet
In RMB Yuan
Account Ending Balance Opening Balance
Current assets:
Cash 10535284892.55 9980544526.14
Transactional financial assets 1570658462.58 -
Notes receivable 15646668140.73 20561625805.24
Accounts receivable 2011970761.86 1409419600.50
Prepayments 1037445041.94 866249749.51
Other receivables 3508904992.23 3250452923.70
Interest receivable 4581253.52 17432805.54
Dividend receivable 74897909.69 -
Inventories 5705376137.26 4917420457.19
Other current assets 2386633331.39 2227565353.23
Total current assets 42402941760.54 43213278415.51
Non-current assets:
Available-for-sale financial assets - 1957873311.31
Long-term receivables 13951703216.21 13275170118.83
Other equity investment 504572800.00 -
Investment properties 7216205.50 7329561.28
Fixed assets 23096697122.71 22161054058.31
Construction in progress 5178469344.52 5383844030.75
3
Intangible assets 5157430063.87 5018243552.80
Devlopment expenditure 760182010.40 789597615.60
Goodwill 9804394.00 9804394.00
Long-term deferred expenses 16237755.41 17104601.67
Deferred tax assets 1563728004.61 1655554438.89
Other non-current assets - -
Total non-current assets 50246040917.23 50275575683.44
Total assets 92648982677.77 93488854098.95
Current liabilities:
Short-term loans 210000000.00 190000000.00
Notes payable 13769475508.94 14807862262.39
Accounts payable 14276660036.85 13916201276.95
Advances from customers 2956683361.56 1556482278.92
Payroll payable 718633011.49 1362995277.56
Taxes payable 291143424.37 669316487.25
Other payables 5165398262.95 3079749015.81
Interest payables - -
Dividend payables 86527416.00 79742.80
Non-current liabilities due within one
year
- 6594120.00
Other current liabilities 3496651739.73 4325441152.61
Total current liabilities 40884645345.89 39914641871.49
Non-current liabilities:
Long-term loans - -
Long-term payable 305774538.84 303590824.69
Long term payroll payable 50169379.85 53837000.00
Estimated liabilities 3592278128.96 3245322744.12
Deferred earnings 3811225620.05 3683308534.73
Deferred tax liabilities 128477234.19 135231170.59
Total non-current liabilities 7887924901.89 7421290274.13
Total liabilities 48772570247.78 47335932145.62
Owners’ equity:
Share capital 4802648511.00 4802648511.00
Capital reserves 5057242440.17 5057242440.17
Other Comprehensive Income 258077778.57 235509930.44
4
Special reserves 72654099.18 41222369.10
Surplus reserves 2401324255.50 2401324255.50
Retained earnings 31380523736.00 33707011170.31
Equity attributable to owners 43972470820.42 46244958676.52
Minority interests -96058390.43 -92036723.19
Total equity 43876412429.99 46152921953.33
Total liabilities and owener’s equity 92648982677.77 93488854098.95
2. Balance sheet
In RMB Yuan
Account Ending Balance Opening Balance
Current assets:
Cash 6698422103.34 7310973018.99
Transactional financial assets 175370000.00 -
Notes receivable 14161450629.65 19391160283.70
Accounts receivable 6945459716.89 5679160679.69
Prepayments 898186001.89 671849711.04
Other receivables 2500415415.10 2344318158.83
Interest receivable - 17432805.54
Dividend receivable - -
Inventories 4621978826.11 3851783233.12
Other current assets 1464380012.55 1355155749.21
Total current assets 37465662705.53 40604400834.58
Non-current assets:
Available-for-sale financial assets 541182000.00
Long-term equity investments 19034465670.17 18017137600.72
Other equity investment 494662800.00 -
Investment properties - -
Fixed assets 17810903333.74 16795537563.35
Construction in progress 4015173896.05 4114409774.13
Intangible assets 3925681021.92 4054893372.88
Development expenditure 621830546.25 559309970.45
Goodwill - -
Long-term deferred expenses 11563878.39 12555353.69
5
Deferred tax assets 1441043727.65 1533057523.95
Other non-current assets - 250000000.00
Total non-current assets 47355324874.17 45878083159.17
Total assets 84820987579.70 86482483993.75
Current liabilities:
Short-term loans - -
Notes payable 12199985904.83 13572757870.72
Accounts payable 11427979197.45 10690985635.15
Advances from customers 2683222204.98 1208631011.05
Payroll payable 402607121.40 1001765362.99
Taxes payable 218034971.63 604525457.30
Other payables 3839324170.55 3219909047.22
Interest payables - -
Dividend payables 86447673.20 -
Non-current liabilities within one year - -
Other current liabilities 3082258825.11 3923419042.37
Total current liabilities 33853412395.95 34221993426.80
Non-current liabilities:
Long-term loans - -
Long-term payable 236869351.54 248240115.29
Long term payroll payable 20933120.15 24315000.00
Estimated liabilities 2498529264.52 2372512543.49
Deferred earnings 2864067397.18 2827208446.74
Deferred tax liabilities 34458242.04 26683742.04
Total non-current liabilities 5654857375.43 5498959847.56
Total liabilities 39508269771.38 39720953274.36
Owners' equity:
Share capital 4802648511.00 4802648511.00
Capital reserves 4705917638.38 4705917638.38
Other comprehensive income 149525803.58 149525803.58
Special reserves 25951495.71 19835367.61
Surplus reserves 2401324255.50 2401324255.50
Retained earnings 33227350104.15 34682279143.32
Total owners' equity 45312717808.32 46761530719.39
6
Total liabilities and owners’ equity 84820987579.70 86482483993.75
3. Consolidated Income Statement
In RMB Yuan
Account Current Period Prior Period
1.Total operating revenue 29875780096.84 35642832190.04
Operating revenue 29875780096.84 35642832190.04
2.Total operating costs 32409385145.35 36375105754.27
Operating cost 27419410626.92 30614845704.45
Tax and surcharges 1080270474.78 1286915201.57
Operating expenses 1443216541.30 2543462428.51
General and administrative expenses 1260364119.97 1048876421.66
Research and development expenses 1302956091.53 1106524840.39
Financial expenses -96832709.15 -225518842.31
Interest expense 28216059.24 13996367.31
Interest income 128484820.10 263722875.78
Add: Other income 620733074.11 1116231219.32
Investment income -108336709.94 1362011815.11
Including: Investment income from
associates and joint venture
-108336709.94 1362011815.11
Exchange gains
Gains from changes in fair value 40337151.27 -
Credit impairment loss -9529733.66 -
Asset impairment loss -152676538.06 -108941422.42
Gain on disposal of assets 9392459.28 18771809.69
3.Operating profit -2133685345.51 1655799857.47
Add: Non-operating income 18836680.44 29318896.76
Less: Non-operating expenses 12645067.20 52348762.93
4.Total profit -2127493732.27 1632769991.30
Less: Income tax expense 116567696.08 15288317.83
5.Net profit -2244061428.35 1617481673.47
Classification by going concern
Net profit from continuing operations -2244061428.35 1617481673.47
Net profit from discontinued operations
7
Classification by ownership attribution
Net profit attributable to owners -2240039761.11 1609606578.84
Minority interests -4021667.24 7875094.63
6.Other comprehensive income net of tax 22567848.13 247029533.59
Net after-tax net of other
comprehensive income attributable to the
parent company owner
22567848.13 247029533.59
Other comprehensive income that
will be reclassified into profit or loss
22567848.13 247029533.59
Other comprehensive income
of convertible gains and losses under the
equity method
- 289756488.89
Gains and losses from
changes in fair value of available-for-sale
financial assets
- -23536500.00
Foreign currency financial
statement translation difference
22567848.13 -19190455.30
7.Total comprehensive income -2221493580.22 1864511207.06
Total comprehensive income
attributable to owners
-2217471912.98 1856636112.43
Total comprehensive income
attributable to minority interest
-4021667.24 7875094.63
8.Earnings per share
Basic earnings per share -0.47 0.34
Diluted earnings per share -0.47 0.34
4. Income Statement
In RMB Yuan
Account Current Period Prior Perid
1.Operating revenue 26805108322.22 34209065716.02
Less: Operating cost 24637906770.95 29726487573.72
Tax and surcharges 855166897.03 1092437739.80
Operating expenses 902216576.48 2298436366.37
General and administrative expenses 670820794.55 715915096.88
Research and development expenses 1347276655.86 1088618476.49
Financial expenses -88753361.46 -248434734.69
8
Interest expense 14997114.41 -
Interest income 109584194.58 256209477.45
Add: Other income 406839978.09 761820507.26
Investment income -73898822.33 1995138886.45
Including: Investment income from
associates and joint venture
-78048193.41 1362011815.11
Exchange gains
Gains from changes in fair value 51830000.00
Credit impairment loss -4381254.25
Asset impairment loss -141818001.51 -114014999.44
Gain on disposal of assets 6747426.61 23972983.02
2.Operating profit -1274206684.58 2202522574.74
Add: Non-operating income 14232341.29 22601200.00
Less: Non-operating expenses 8718726.38 44712292.46
3.Total profit -1268693069.67 2180411482.28
Less: Income tax expense 99788296.30 -31839831.42
4.Net profit -1368481365.97 2212251313.70
Net profit from continuing operations -1368481365.97 2212251313.70
Net profit from discontinued operations
5.Other comprehensive income net of tax - 266219988.89
Other comprehensive income that
will be reclassified into profit or loss
- 266219988.89
Other comprehensive income
of convertible gains and losses under the
equity method
- 289756488.89
Gains and losses from
changes in fair value of available-for-sale
financial assets
- -23536500.00
6.Total comprehensive income -1368481365.97 2478471302.59
7.Earnings per share
Basic earnings per share -0.28 0.46
Diluted earnings per share -0.28 0.46
5. Consolidated cash flow statement
In RMB Yuan
9
Account Current Period Prior Perid
1.Cash flows from operating activities:
Cash received from sale of goods
or rendering of services
37501789702.13 47598885985.36
Refunds of taxes 305232064.00 196358525.83
Cash received relating to other
operating activities
3464749370.24 1720885871.60
Subtotal of cash inflows 41271771136.37 49516130382.79
Cash paid for goods and services 29029097098.22 36479347621.36
Cash paid to and on behalf of
employees
2984764831.32 3423077482.78
Cash paid for all types of taxes 1743016544.47 1795067722.02
Cash paid relating to other
operating activities
3294629031.41 3417235796.48
Subtotal of cash outflows 37051507505.42 45114728622.64
Net cash flows from operating activities 4220263630.95 4401401760.15
2.Cashflows from investing activities:
Cash received from investment
income
- 114500000.00
Net cash received from disposal of
fixed assets intangible assets and other
long-term assets
5214056.34 18444059.30
Cash received relating to other
investing activities
1478695.29 17358750.00
Subtotal of cash inflows 6692751.63 150302809.30
Cash paid for acquisition of fixed
assets intangible assets and other
long-term assets
2438475206.69 3071429581.17
Cash paid for acquisition of
investments
936788517.00 52243750.00
Cash paid relating to other
investing activities
315938190.60 -
Subtotal of cash outflows 3691201914.29 3123673331.17
Net cash flows from investing activities -3684509162.66 -2973370521.87
3.Cash flows from financing activities:
Cash received from borrowings 41000000.00 166000000.00
Cash received relating to other 37159887.74 880129667.40
10
financing activities
Subtotal of cash inflows 78159887.74 1046129667.40
Cash repayments of borrowings 27708100.00 171300000.00
Cash paid for distribution of
dividends or profits and interest
expenses
23367744.44 5326893.20
Cash paid relating to other
financing activities
92571987.62 -
Subtotal of cash outflows 143647832.06 176626893.20
Net cash flows from financing activities -65487944.32 869502774.20
4.Effect of changes in exchange rate on
cash
29186874.52 18804298.88
5.Net increase in cash and cash
equivalents
499453398.49 2316338311.36
Add: Opening balance of cash and cash
equivalents
9648153614.80 21451305090.53
6.Closing balance of cash and cash
equivalents
10147607013.29 23767643401.89
6. Cash flow statement
In RMB Yuan
Account Current Period Prior Perid
1.Cash flows from operating activities:
Cash received from sale of goods
or rendering of services
34665878858.45 45723211451.95
Refunds of taxes - -
Cash received relating to other
operating activities
2199853209.77 1227875965.34
Subtotal of cash inflows 36865732068.22 46951087417.29
Cash paid for goods and services 26688730896.99 34485733663.71
Cash paid to and on behalf of
employees
2093118245.08 2753479395.91
Cash paid for all types of taxes 1228855624.27 1308603097.31
Cash paid relating to other
operating activities
3878425262.91 3359852336.20
Subtotal of cash outflows 33889130029.25 41907668493.13
Net cash flows from operating activities 2976602038.97 5043418924.16
11
2.Cashflows from investing activities:
Cash received from return on
investments
- 839201.56
Cash received from investment
income
4398333.33 119200416.67
Net cash received from disposal of
fixed assets intangible assets and other
long-term assets
- 18417859.30
Cash received relating to other
investing activities
- 100000000.00
Subtotal of cash inflows 4398333.33 238457477.53
Cash paid for acquisition of fixed
assets intangible assets and other
long-term assets
2281259200.99 2869658085.59
Cash paid for acquisition of
investments
997294972.55 157000000.00
Cash paid relating to other
investing activities
300000000.00 200000000.00
Subtotal of cash outflows 3578554173.54 3226658085.59
Net cash flows from investing activities -3574155840.21 -2988200608.06
3.Cash flows from financing activities:
Cash received from borrowings - -
Cash received relating to other
financing activities
- 461856503.42
Subtotal of cash inflows - 461856503.42
Cash repayments of borrowings - -
Cash paid for distribution of
dividends or profits and interest
expenses
14997114.41 -
Cash paid relating to other
financing activities
- -
Subtotal of cash outflows 14997114.41 -
Net cash flows from financing activities -14997114.41 461856503.42
4.Effect of changes in exchange rate on
cash
- -
5.Net increase in cash and cash
equivalents
-612550915.65 2517074819.52
Add: Opening balance of cash and cash 7310973018.99 20172657984.53
12
equivalents
6.Closing balance of cash and cash
equivalents
6698422103.34 22689732804.05
13
7. Consolidated statement of changes in shareholders’ equity
In RMB Yuan
Items
Current period
Equity attributable to owners
Minority interest Total equity
Share capital Capital reserves
Less:
Treasury
shares
Special reserves Surplus reserves
General
reserves
Retained earnings
Other
comprehensive
income
I. At end of last year 4802648511.00 5057242440.17 - 41222369.10 2401324255.50 33707011170.31 235509930.44 -92036723.19 46152921953.33
II. At beginning of year 4802648511.00 5057242440.17 - 41222369.10 2401324255.50 33707011170.31 235509930.44 -92036723.19 46152921953.33
III. Changes during the year - - - 31431730.08 - -2326487434.31 22567848.13 -4021667.24 -2276509523.34
1.Total comprehensive
income
-2240039761.11 22567848.13 -4021667.24 -2221493580.22
2. Capital contributed by
owners and capital decreases
-
3. Distribution of profit -86447673.20 -86447673.20
Distribution to owners -86447673.20 -86447673.20
4. Special reserves 31431730.08 31431730.08
(1) Pick-up in current period 36229412.78 36229412.78
(2) Used in current period -4797682.70 -4797682.70
IV. At end of current period 4802648511.00 5057242440.17 - 72654099.18 2401324255.50 - 31380523736.00 258077778.57 -96058390.43 43876412429.99
14
Prior period
In RMB Yuan
Items
Prior period
Equity attributable to owners
Minority interest Total equity
Share capital Capital reserves
Less:
Treasury
shares
Special reserves Surplus reserves
General
reserves
Retained earnings
Other
comprehensive
income
I. At end of last year 4802648511.00 5099405956.94 - 28279733.06 2401324255.50 - 35184073061.94 82959423.84 -135511683.82 47463179258.46
II. At beginning of year 4802648511.00 5099405956.94 - 28279733.06 2401324255.50 - 35184073061.94 82959423.84 -135511683.82 47463179258.46
III. Changes during the year - - - 17709058.85 - - -548183704.82 247029533.59 7875094.63 -275570017.75
1.Total comprehensive
income
- - - - - - 1609606578.84 247029533.59 7875094.63 1864511207.06
2. Capital contributed by
owners and capital decreases
3. Distribution of profit - - - - - -- -2157790283.66 - - -2157790283.66
Distribution to owners - - - - - - -2157790283.66 - - -2157790283.66
4. Special reserves - - - 17709058.85 - - - - - 17709058.85
(1) Pick-up in current period - - - 40997574.06 - - - - - 40997574.06
(2) Used in current period - - - -23288515.21 - - - - - -23288515.21
IV. At end of current period 4802648511.00 5099405956.94 - 45988791.91 2401324255.50 - 34635889357.12 329988957.43 -127636589.19 47187609240.71
15
8. Statement of changes in shareholders’ equity
In RMB Yuan
Items
Current period
Share capital Capital reserves
Less:
Treasury
shares
Special reserves Surplus reserves Retained earnings
Other
comprehensive
income
Total equity
I. At end of last year 4802648511.00 4705917638.38 19835367.61 2401324255.50 34682279143.32 149525803.58 46761530719.39
II. At beginning of year 4802648511.00 4705917638.38 - 19835367.61 2401324255.50 34682279143.32 149525803.58 46761530719.39
III. Changes during the year - - - 6116128.10 - -1454929039.17 - -1448812911.07
1.Total comprehensive income -1368481365.97 - -1368481365.97
2. Capital contributed by owners and capital
decreases
-
The amount of shares paid into the owner's
equity
3. Distribution of profit -86447673.20 -86447673.20
Distribution to owners -86447673.20 -86447673.20
4. Special reserves 6116128.10 6116128.10
(1) Pick-up in current period 23037668.82 23037668.82
(2) Used in current period -16921540.72 -16921540.72
IV. At end of current period 4802648511.00 4705917638.38 - 25951495.71 2401324255.50 33227350104.15 149525803.58 45312717808.32
16
Prior period
In RMB Yuan
Items
Prior period
Share capital Capital reserves
Less:
Treasury
shares
Special reserves Surplus reserves Retained earnings
Other
comprehensive
income
Total equity
I. At end of last year 4802648511.00 4717192101.72 - 12013706.73 2401324255.50 36640962334.05 132520410.88 48706661319.88
II. At beginning of year 4802648511.00 4717192101.72 - 12013706.73 2401324255.50 36640962334.05 132520410.88 48706661319.88
III. Changes during the year - - - 10769602.18 - 54461030.04 266219988.89 331450621.11
1.Total comprehensive income - - - - - 2212251313.70 266219988.89 2478471302.59
2. Capital contributed by owners and capital
decreases
The amount of shares paid into the owner's
equity
3. Distribution of profit - - - - - -2157790283.66 - -2157790283.66
Distribution to owners - - - - - -2157790283.66 - -2157790283.66
4. Special reserves - - - 10769602.18 - - - 10769602.18
(1) Pick-up in current period - - - 28985079.84 - - - 28985079.84
(2) Used in current period - - - -18215477.66 - - - -18215477.66
IV. At end of current period 4802648511.00 4717192101.72 - 22783308.91 2401324255.50 36695423364.09 398740399.77 49038111940.99
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