蘇常柴Ｂ：常柴股份有限公司2024年第三季度報告（英文）.PDF

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1、Changchai Company,Limited Third Quarterly Report 2024 1 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 Companys Board

2、 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

3、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 Companys legal representative,General M

4、anager,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 Financi

5、al 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 th

6、e listed companys shareholders(RMB)-3,740,213.65 46,357,441.50-70.45%Net profit attributable to the listed companys 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)-0.00

7、53 0.0657-70.45%Diluted earnings per share(RMB/share)-0.0053 0.0657-70.45%Changchai Company,Limited Third Quarterly Report 2024 2 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 attr

8、ibutable to the listed companys shareholders(RMB)3,448,089,849.78 3,398,946,911.23 1.45%(II)Exceptional Gains and Losses Applicable Not applicable Unit:RMB 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

9、Government grants recognised in profit or loss(exclusive of those that are closely related to the Companys normal business operations and given in accordance with defined criteria and in compliance with government policies,and have a continuing impact on the Companys profit or loss)172,906.00 365,99

10、1.00 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 Companys normal business operations)10,507,456.38 -8,177,138.5

11、9 It was mainly attributable to the financial gains arising from the Companys 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 Companys wholly-owned subsidiary Changzhou Horizon Inve

12、stment 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 inte

13、rests 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 Changchai Company,Limited Third Quarterly Report 2024 3 No such cases in the Reporting Period.Explanation of why the Company reclass

14、ifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the PublicExceptional Gain/Loss Items:Applicable Not applicable No such cases in the Reporting Period.(III)Changes in Key Financial Statem

15、ent 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

16、 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

17、 most of the Companys 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 19

18、5,875,948.92-75.04%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 no

19、n-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 1,518,995.79 174.8

20、0%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 ma

21、inly 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

22、-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 Changchai Company,Limited Third Quarterly Report 2024 4 liabilities unexpired but transferred notes.2.Consolidated Income Statement Ite

23、ms for Q1Q3 Item Q1Q3 2024(RMB)Q1Q3 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 Electromechani

24、cal Technology Co.,Ltd.and Kailong High Technology Co.,Ltd.held by the Companys 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 sta

25、te-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 abandonm

26、ent 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,

27、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 peri

28、od;Decrease in the fair value of stocks of Jiangsu Liance Electromechanical Technology Co.,Ltd.and Kailong High Technology Co.,Ltd.held by the Companys wholly-owned subsidiary Changzhou Horizon Investment Co.,Lpared to the beginning of the period.3.Consolidated Cash Flow Statement Items for Q1Q3 Ite

29、m Q1Q3 2024(RMB)Q1Q3 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 Companys multi-cylinder diesel engine customers are supporting companies of main engine,which are usually given longer payment days and the Compa

30、ny 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 Changchai Company

31、,Limited Third Quarterly Report 2024 5 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 Period in order to improve the return on investment II Shareholder Information(I)Numbe

32、rs 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 refina

33、ncing)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

34、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 i

35、ndividual 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-d

36、enominated 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 Changchai Company,Limited Third Quarterly Report 2024 6 Wu Chunhua 2,236,500 RMB-denominated ordinary share 2,236,500 Chen Hengjun

37、 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 sha

38、re 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 p

39、arties 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

40、 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 applicabl

41、e(II)Number of Preference Shareholders and Shareholdings of Top 10 of Them Applicable Not applicable III Other Significant Events Applicable Not applicable On 29 August 2024,the Company convened the 4th Extraordinary Meeting of the Board of Directors and approved the Proposal on Capital Increase in

42、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 th

43、e 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.Changchai Company,Limited Third Quarterly Report 2024 7 IV Quarterly Financial Statements(I)Finan

44、cial Statements 1.Consolidated Balance Sheet Prepared by Changchai Company,Limited 30 September 2024 Unit:RMB 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

45、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 R

46、eceivable 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 2,951,451.1

47、1 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 Changchai Company,Limited Third Quarterly Report 20

48、24 8 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

49、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

50、 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 inst

51、itutions 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

52、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 Changchai Compan

53、y,Limited Third Quarterly Report 2024 9 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 liabi

54、lities 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 em

55、ployee 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:Sha

56、re 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,

57、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 Changchai Company,Limited Third Quarterly Report 2024 10 Non-controlling interests 77,256,450.75 71,121,208

58、.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 Q1Q3 Unit:RMB Item Q1Q3 2024 Q

59、1Q3 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 Inte

60、rest 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 8

61、1,859,808.25 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,

62、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 im

63、pairment loss(“-”for loss)-12,325,470.52-14,981,433.04 Changchai Company,Limited Third Quarterly Report 2024 11 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-op

64、erating 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

65、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 attributabl

66、e 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,

67、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 th

68、e 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 comprehens

69、ive 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-control

70、ling 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 Changchai Company,Limited Third Quarterly Report

71、2024 12 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 Head of the accounting department:Jiang He 3.Consolidated Cash Flow Statement for Q1Q3 Unit:RMB Item Q1Q3 2024 Q1Q3 2023 1.Cash flows from op

72、erating activities:Proceeds from sale of commodities and rendering of services 1,322,840,250.44 1,446,377,641.19 Net increase in customer deposits and deposits from other banks and financial institutions Net increase in borrowings from the central bank Net increase in loans from other financial inst

73、itutions Premiums received on original insurance contracts Net proceeds from reinsurance Net increase in deposits and investments of policy holders Interest,fees and commissions received Net increase in loans from other banks and financial institutions Net increase in proceeds from repurchase transa

74、ctions Net proceeds from acting trading of securities Tax and levy rebates 16,822,139.93 88,252,376.59 Cash generated from other operating activities 13,572,617.70 15,970,772.52 Subtotal of cash generated from operating activities 1,353,235,008.07 1,550,600,790.30 Payments for commodities and servic

75、es 1,263,331,531.66 1,374,158,537.72 Net increase in loans and advances to customers Net increase in deposits in the central bank and other banks and financial institutions Payments for claims on original insurance contracts Net increase in loans to other banks and financial institutions Interest,fe

76、es and commissions paid Policy dividends paid Cash paid to and for employees 224,982,336.51 242,312,537.73 Taxes and levies paid 45,480,904.08 31,292,358.05 Cash used in other operating activities 130,239,805.68 116,965,606.10 Subtotal of cash used in operating activities 1,664,034,577.93 1,764,729,

77、039.60 Net cash generated from/used in operating activities -310,799,569.86-214,128,249.30 2.Cash flows from investing activities:Proceeds from disinvestment 601,500,000.00 877,716,751.99 Return on investment 15,776,718.57 17,099,924.85 Changchai Company,Limited Third Quarterly Report 2024 13 Net pr

78、oceeds from the disposal of fixed assets,intangible assets and other long-lived assets 76,476,578.33 58,171,702.95 Net proceeds from the disposal of subsidiaries and other business units Cash generated from other investing activities Subtotal of cash generated from investing activities 693,753,296.9

79、0 952,988,379.79 Payments for the acquisition of fixed assets,intangible assets and other long-lived assets 14,652,345.94 150,108,371.29 Payments for investments 875,794,324.00 790,077,614.00 Net increase in pledged loans granted Net payments for the acquisition of subsidiaries and other business un

80、its Cash used in other investing activities Subtotal of cash used in investing activities 890,446,669.94 940,185,985.29 Net cash generated from/used in investing activities -196,693,373.04 12,802,394.50 3.Cash flows from financing activities:Capital contributions received Including:Capital contribut

81、ions by non-controlling interests to subsidiaries Borrowings received Cash generated from other financing activities Subtotal of cash generated from financing activities Repayment of borrowings Interest and dividends paid 33,171,402.31 8,773,914.91 Including:Dividends paid by subsidiaries to non-con

82、trolling interests Cash used in other financing activities Subtotal of cash used in financing activities 33,171,402.31 8,773,914.91 Net cash generated from/used in financing activities -33,171,402.31-8,773,914.91 4.Effect of foreign exchange rates changes on cash and cash equivalents 5.Net increase

83、in cash and cash equivalents-540,664,345.21-210,099,769.71 Add:Cash and cash equivalents,beginning of the period 971,629,523.46 810,350,966.05 6.Cash and cash equivalents,end of the period 430,965,178.25 600,251,196.34 Legal representative:Xie Guozhong General Manager:Xie Guozhong Head of the accoun

84、ting department:Jiang He(II)Adjustments to Financial Statement Items at the Beginning of the Year of the First Implementation of the New Accounting Standards Implemented since 2024 Applicable Not applicable(III)Independent Auditors Report Indicate by tick mark whether the financial statements above have been audited by an independent auditor.Changchai Company,Limited Third Quarterly Report 2024 14 Yes No These financial statements have not been audited by such an auditor.The Board of Directors Changchai Company,Limited 30 October 2024