StockCode:000570,200570 StockName:Changchai,Changchai-B AnnouncementNo. 2023-018
CHANGCHAICOMPANY,LIMITED
FIRSTQUARTERLYREPORT2023
Changchai Company, Li mited (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 acceptlegal responsibility for suchcontents.
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 whetherthe financial statementsin this Reporthavebeen audited by anindependentauditor.
□Yes √ No
I Key Financial Information
(I) KeyAccountingDataandFinancialIndicators
Indicate by tick markwhetherthere is anyretrospectively restateddatumin the table below.
□Yes √ No
Q1 2023 Q1 2022 YoYchange (%)
Operatingrevenue(RMB) 703,102,297.70 675,718,729.65 4.05%
Net profit attributable to the listed 23,934,592.54 -31,087,265.83 ——
company’sshareholders(RMB)
Net profit attributable to the listed
company’s shareholders before 1,107,543.07 -12,317,891.45 ——
exceptional items (RMB)
Net cash generated from/used in operating -71,086,048.66 -47,199,474.48 ——
activities (RMB)
Basic earnings per share(RMB/share) 0.0339 -0.0441 ——
Diluted earnings per share(RMB/share) 0.0339 -0.0441 ——
Weighted average returnon equity (%) 0.73% -1.02% 1.75%
31 March2023 31 December2022 Change (%)
Totalassets(RMB) 5,361,220,136.94 5,219,359,853.42 2.72%
Equity attributable to the listed company’s 3,386,795,958.44 3,284,710,665.90 3.11%
shareholders(RMB)
(II) ExceptionalGainsandLosses
√ Applicable □ Not applicable
Unit: RMB
Item Q1 2023 Note
Gain or loss on disposal of non-
current assets (inclusive of 16,000.00
impairment allowance write-offs)
Government grants through profit or
loss (exclusive of government grants
continuously given in the Company’s 1,110,261.12
ordinary course of business at fixed
quotas or amounts as per the
government’spolicies and standards)
Gain or loss on fair-value changes on Increase in the fair value of trading
held-for-trading financial assets and financial assets of Jiangsu Liance
liabilities & income from disposal of Electromechanical Technology Co.,
held-for-trading financial assets and Ltd., Kailong High Technology Co.,
liabilities and available-for-sale 28,444,855.32 Ltd. and Guilin Stars Science and
financial assets (exclusive of the Technology Co., Ltd. held by the
effective portion of hedges that arise Company’s wholly-owned subsidiary
in the Company’s ordinary course of Changzhou Horizon Investment Co.,
business) Ltd.at the period-end.
Non-operating income and expense 281,036.24
otherthan the above
Less:Incometax effects 7,030,751.32
Non-controlling interests -5,648.11
effects(net oftax)
Total 22,827,049.47 --
Otheritems that meetthe definition of exceptional gain/loss:
□Applicable √ Not applicable
No suchcasesin 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—ExceptionalGain/LossItems:
□Applicable √ Not applicable
No suchcasesin the Reporting Period.
(III)Changesin KeyFinancial StatementLineItemsandExplanationofwhy
√ Applicable □ Not applicable
1.ConsolidatedBalanceSheetItems
Item 31 March2023 1 January2023 Change Explanation of why
(RMB) (RMB) (%)
Most of the Company’s