1、Chongqing Changan Automobile,Company Limited,Semi-annual Report 2011,Semi-annual Report 2011I. I m p o r t a n t n o t e s, Explaination and Cataloguei. Important NotesThe Board of Directors& Supervisors of Chongqing Changan Automobile Co., Ltd.(hereinafter referred to as “the Company”) , the direct
2、ors, supervisors and seniormanagement guarantee that the information contained in the report is free of falserecords, misguiding statements or significant omissions, and assume individual and jointliabilities for the truthfulness, accuracy and integrity of the report.No director, supervisor or senio
3、r management have raised any disagreement withregard to the truthfulness, accuracy and completeness of the semi-annual report.All directors attended the Board meeting.The financial report in this reporting period is unaudited.Chairman Mr. Xu Liuping, General Manager Mr. Zhang Baolin, Chief Accountan
4、t Mr.Cui Yunjiang, and the Chief of Accountant department, Mr. Hua Zhanbiao, hereinguarantee: the truthfulness and completeness of the financial statements of thissemi-annual report. Contents,IIIIIIIVVVIVIIVIII,Important notes and contentsGeneral introduction of the CompanyChange in shares and infor
5、mation about shareholdersInformation on directors, supervisors, senior executivesand staffsReport by Board of DirectorsImportant IssuesFinancial StatementsDocument for future reference1,12589172484,1.,2.,3.,4.,5.,6.,7.,(%),Semi-annual Report 2011II.General Introduction of the CompanyT h e C o m pa n
6、 y s l e g a l C h i n e s e n a m e : 重 庆 长 安 汽 车 股 份 有 限 公 司,The,Companys,legal,English,name:,Chongqing,Changan,Automobile,Company,LimitedP l a c e o f l i s t i n g : S h e n z h e n St o c k E x c h a n g e,Abbreviated name of the stock: Changan Automobile,Changan B,St o c k C o d e :,000625,200
7、625,Registered address: No. 260, Jian Xin East Road, Jiang Bei District, ChongqingPost code: 400023O ff i c e A d d r e s s : N o . 2 6 0 , J i a n X i n E a s t R o a d , J i a n g B e i D i s t r i c t , C h o n g q i n gPost code: 400023I n t e r n e t We b s i t e o f t h e C o m pa n y : h t t
8、p : / / w w w. c h a n g a n . c o m . c nE m a i l A d d r e s s o f t h e C o m pa n y : cazqc L e g a l r e p r e s e n ta t i v e o f t h e C o m pa n y : Mr. Xu LiupingS e c r e ta r i e s o f t h e B o a r d : M r. C u i Yu n j i a n g , M s . L i J u n,Address:Te l e p h o n e :F a x:,No. 260
9、, Jian Xin East Road, Jiang Bei District, Chongqing( 0 2 3 ) 6 7 5 9 4009(023) 67866055,Email address: P u b l i c a t i o n s f o r i n f o r m a t i o n d i s c l o s u r e o f t h e C o m pa n y : C h i n a S e c u r i t i e s ,S e c u r i t i e s Ti m e s and H o n g K o n g C o m m e r c i a l
10、D a i l yWe b s i t e f o r i n f o r m a t i o n d i s c l o s u r e o f t h e C o m pa n y : h t t p : / / w w w. c n i n f o . c o m . c nF i l i n g L o c a t i o n o f S e m i a n n u a l R e p o r t : O ff i c e o f t h e B o a r d o f D i r e c t o r sK e y a c c o u n t i n g d a ta a n d f
11、i n a n c i a l i n d i c a t o r sUnit： （ RMB） Yuan,This reporting,Last reporting,period end as on30 June 2011,period end as on31 December 2010,Increase/Decrease(%),Total assetsOwners equity(orshareholders equity)Share capitalNet assets per share,35,891,069,232.6915,123,561,188.972,685,823,637.005.
12、63Reporting period(January-June),30,456,426,127.8810,625,542,446.622,325,657,615.004.57Correspondingperiod of previous,17.84%42.33%15.49%23.19%Increase/Decrease,2,Semi-annual Report 2011year,Operation total incomeOeration profitGross profit,14,537,115,839.901,014,014,773.281,119,500,684.54,16,627,45
13、4,932.781,374,742,402.371,371,628,474.32,-12.57%-26.24%-18.38%,Net profit attributable to,shareholder of listed,1,040,060,233.01,1,366,565,351.61,-23.89%,CompanyNet profit except,non-recurring loss and,953,093,407.91,1,365,347,793.93,-30.19%,profit,Basic earnings per shareDiluted earning per shareRe
14、turn rate on net assets,0.220.227.42%,0.280.2814.27%,-21.43%-21.43%-6.85%,After deducting,non-recurring gains andlosses weighted average,6.80%,14.25%,-7.45%,return on equity,Net cash flow fromoperating activities,2,378,405,526.54,2,687,373,910.69,-11.50%,Net cash flow from,operating activities per,0
15、.89,1.16,-23.28%,shareNote 1: During the reporting period, the Company has issued additional 360,166,022A-share in public, by the end of this reporing period, total equity changed to 2,685,823,637shares.Note 2: The Company carried out the 2010 annual interest distribution between assetsliabilities d
16、ate and financial reporting approval date, distribution of stock dividends,transferred by equity fund totally is 2,148,658,909, total equity changed to 4,834,482,546shares, according to the stipulation of No.9 rules of Company information disposal auditwhich public offering of securities-Calculation
17、 and Disposal of ROE and earning pershare(2010 version, above equity change is not influence the interest rates of the owner,it will be re-calculate earning per share every compareing period on the basis of4,834,482,546.Note 3: deduction from non-recurring profit and loss project and cash.Unit： （ RM
18、B） YuanAmount from the,Non-recurring profit and loss projectGain/loss of non-current assets,beginning of the year tothe end of the reportingperiod919,460.27,RemarksThe mainly income is asubsidy of 39.4 millionYuan for new product fromthe Finance Bureau of,subsidy income,88,857,908.34 Jiangbei Distri
19、ct and a,subsidy of 44.89 millionYuan for proving groundfrom he Finance Bureau ofDianjiang county.Other non-business income and expenditures other,than the aboveInfluenced amount of income tax,3,15,188,904.34-17,087,610.78,8.,9.,（,to,Semi-annual Report 2011,Influenced amount of miniority shareholder
20、s equityTotal,-911,837.0786,966,825.10,Net asset profit rate and profit index per shareUnit： （ RMB） Yuan,Profit in the reporting period,Average,Profit per share (yuan pershare)Basic profit Diluted profit,per share,per share,Net profit attributed to listedCompanyshareholders,7.42%,0.22,0.22,Net profi
21、t attributed to listed Company,shareholder except non-recurring loss,6.80%,0.20,0.20,and profitR e c o n c i l i a t i o n o f t h e n e t p r o f i ts p r e s e n t e d u n d e r t h e P R C a c c o u n t i n g s ta n d a r d sa n d I n t e r n a t i o n a l F i n a n c i a l R e p o r t i n g Sta
22、n d a r dUnit： RMB）Yuan,Net profit attributedCompanyshareholders,listed Attributable to equity shareholders ofthe listed company,By the end of,At The beginning,This period,Last period,period,period,According to theinternationalaccountingstandard 1,040,060,233.01 1,366,565,351.61 15,052,277,123.97 10
23、,554,258,381.62According toChineseaccountingstandard 1,040,060,233.01 1,366,565,351.61 15,123,561,188.97 10,625,542,446.62Subentry and total of the adjustment of according to international accounting rules：Payment to currencyshareholders of Ashare cash opposite,price（ Note ）Total differencebetween i
24、nternationaland Chineseaccounting standard,-71,284,065.00-71,284,065.00,-71,284,065.00-71,284,065.00,Difference between,Note: Jiangling Holding Company, the Companys JV, held by Jiangling,Chinese,and,stake in listed companies the right to paid circulation on the price in,internationalaccounting stan
25、dard,cash, according to international norms should be included in the profitand loss.4,0,0,0,Semi-annual Report 2011 . Change in shareholdings and information about main shareholders1. Change in shareholdings,Balance beforecurrent change,Addition and deduction（ +， -） duringchange,Balance aftercurren
26、t change, .Non-circulatedshares,Quantity207,430,882,Ratio8.92%,Additionalissued,TransferrBonus ed fromshare accumulated fund,other subtotal,quantity207,430,882,ratio7.72%,1、 State-ownedshares,2、 State-ownedlegal person shares,207,421,301,8.92%,207,421,301,7,72%,3、 Other domesticholding sharesincludi
27、ng:domestic non-statelegal person sharesDomestic naturalperson shares4、 Foreign-holdsharesincluding:foreign legalperson sharesforeign naturalperson shares,5、 share of seniormanagement,9,581,9,581, .Circulatedshares1、Domestic listedRMB shares2、Domestic listedforeign shares,2,118,226,733 91.08% 360,16
28、6,0221,521,791,966 65.43% 360,166,022596,434,767 25.65%,360,166,022360,166,022,2,478,392,755 92.28%1,881,957,988 70.07%596,434,767 22.21%,3、 Oversea listedforeign shares4、 Others, .Total shares,2,325,657,615 100.00% 360,166,022,360,166,022,2,685,823,637 100.00%,2. The information on top 10 sharehold
29、ersUnit: share,Total shareholdersnumber,Persons in total 253,647, among of which A shareholders are 213,204, Bshareholder is 40,443.,The top ten shareholders,Name of shareholders,Nature ofShareholders,Ratio oftotalshare,Total numberof shares,Total number of Pledged/non-circulated Frozen sharesshares
30、 number,CHINA CHANGANAUTOMOBILE GROUPCOMPANYLIMITED,State-ownedperson,legal,43.33% 1,163,787,489,207,421,301,Beijing North JingjiInvestment Consultant,State-ownedperson,legal,1.53%,41,000,000,5,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,Semi-annual Report 2011CompanyLimited,Agricultural Bank of China-Fullgoal
31、Tianrui Strong AreaHybrid FundChina South IndustriesGroup FinanceCompanyLimitedPING AN TRUST CO.,LTD.,Domesticlegal personState-ownedpersonDomesticlegal person,non-statelegalnon-state,1.41%1.30%0.74%,37,826,58135,000,00020,000,000,BONJOUR CHINA FUND2,Foreign legal person,0.62%,16,568,176,JPMBLSA RE
32、FTIF,TEMPLETON CHINA FUND Foreign legal personGTI 5497GUOTAI JUNANSECURITIES(HONGKONG) Foreign legal personLIMITED,0.61%0.56%,16,299,22015,002,796,FTIF TEMPLETON BRICFUND,Foreign legal person,0.52%,14,053,640,Bank Of ChinaE FundSSE100ETF Fund,Domesticlegal person,non-state,0.42%,11,406,823,The top 1
33、0 holders of circulated sharesTotal number of,Name of shareholders,circulatedshares,Share type,CHINA CHANGAN AUTOMOBILE GROUPCOMPANYLIMITEDBeijing North Jingji Investment ConsultantCompanyLimitedAgricultural Bank of China- Fullgoal TianruiStrong Area Hybrid FundChina South Industries Group FinanceCo
34、mpanyLimitedPING AN TRUST CO., LTD.,956,366,188 RMB ordinary share41,000,000 RMB ordinary share37,826,581 RMB ordinary share35,000,000 RMB ordinary share20,000,000 RMB ordinary share,BONJOUR CHINA FUND 2JPMBLSA RE FTIF TEMPLETON CHINA FUND GTI5497GUOTAI JUNAN SECURITIES(HONGKONG) LIMITEDFTIF TEMPLET
35、ON BRIC FUND,16,568,17616,299,22015,002,79614,053,640,Foreign capital stock listed withinChinaForeign capital stock listed withinChinaForeign capital stock listed withinChinaForeign capital stock listed withinChina,Bank Of ChinaE Fund SSE100ETF Fund,11,406,823 RMB ordinary shareAmong the top ten sha
36、re holders, China Changan Automobile,Group,CompanyLimited,Beijing,North,Jingji,Investment Consultant CompanyLimited, and,China,South,Industries,Group,Finance,CompanyLimited are controlled by one common,Related partner relationship of the ten largestshareholders and their consistant act,actual contro
37、ller China South Industries Group.The Companydid not know whether there was relationshipamong the large ten circulated shareholders , and nor knew,whether they were the parties who agreed to act alike asstipulated in Administrative Measures on InformationDisclosure Concerning Changes in Shareholding
38、s of ListedCompanies.6,Semi-annual Report 2011,3. The top 10 holders of non-circulated shares and condition of limited sale,By the end of the reporting period, the non-circulated shares shareholder, China ChanganAutomobile Group Co., Ltd. holds 1,163,787,489 shares, of which 956,366,188 shares areci
39、rculated shares, the remaining 207,421,301 shares are non-circulated shares and will be releasedafter the implementation of management incentive plan according to the commitment of sharereform.,4. Change of controlling shareholder and actual controllers,During the report period, theres no change in
40、controlling shareholder and actual controllers.,7,Semi-annual Report 2011, Information on Directors, Supervisors and Senior Executives, During the report period, theres no change in shareholding for directors, supervisors and senior,executives., .In the report period, there are new employment or dis
41、miss in directors, supervisors and senior,executives.,In March, 2011, Mr. Shen Mingquan was no longer staff supervisor of the Company because of,the age reason. In accordance with relevant laws and regulations stated in Articles of Association,the Staff and Workers Congress of the Company elected Mr
42、. Liu Hong as staff supervisor of the,fifth Board of Supervisors; the term will be ended upon the end of the fifth Board of Supervisors.,After taking a vote and passing through the nineteenth meeting of fifth Board of Director on,Apr. 14, 2011, Mr. Gong Bing was elected as vice president of the Comp
43、any; the term will be ended,upon the end of the fifth Board of Directors.,After taking a vote and passing through the eleventh meeting of fifth Board of Supervisors on,Apr. 14, 2011, Mr. Fu Liping was no longer the supervisor of the Company due to his work change,Board of Supervisors planed to nomin
44、ate Mr. Shi Jinggang as the supervisor of the company. After,taking a vote and passing through the annual general meeting of 2010 on May 18, 2011, Mr. Shi,Jinggang was elected as the supervisor of the Company; the term will be ended upon the end of the,fifth Board of Supervisors.,8,Semi-annual Repor
45、t 2011The Report from Board of DirectorsThe operation of the Company during the reporting period(I) the overall operationIn the first half of 2011, growth of Chinas auto market fell sharply, mini-cars andindependent-brand cars were severely affected, anyway, the Company took quality, fine,enterprisi
46、ng as the key, worked hard to create fine management, and actively implementedmeasures to answer up the policy change, market overdraft, energy shortages, raw material priceinrease, monetary tightening, Japan earthquake and other unfavorable factors, the operation andmanagement had been developed st
47、ably.During the reporting period, the Company and its subsidiaries, JVs totally produced 907,245vehicles, down 5.14 percent year-on-year; sold 925,245 vehicles, down 5.05 percent year-on-year,among which 361,873 units are mini-cars, down 25% year-on-year, and 116,516 units areown-brand cars, up 23.80% year-on-year. Production and sales still ranked in the first 4 in Chineseautomotive industry.,
