Stockcode:000570,200570Stockname:Changchai,ChangchaiBAnnouncementNumber:2025-038
2025Semi-AnnualReportSummaryofChangchaiCompany,Limited
I.ImportantNotesThisinterimreportsummaryisextractedfromthefullinterimreport.TogainacomprehensiveunderstandingoftheCompany’soperatingresults,financialcondition,andfuturedevelopmentplans,investorsareadvisedtocarefullyreadthefullinterimreportonthemediadesignatedbytheChinaSecuritiesRegulatoryCommission.Alldirectorsattendedtheboardmeetingtoreviewthisreport.Non-standardAuditOpinion?Applicable?NotApplicableProfitDistributionProposalorCapitalReserveConversionProposalforOrdinarySharesDeliberatedbytheBoardofDirectorsDuringtheReportingPeriod?Applicable?NotApplicableTheCompanyplansnottodistributecashdividends,issuebonusshares,orconvertcapitalreservesintosharecapital.ProfitdistributionproposalforpreferredsharesduringthereportingperiodapprovedbytheBoardofDirectors?Applicable?NotApplicableII.CorporateInformation
1.CorporateInformation
| Stockname | Changchai,ChangchaiB | Stockcode | 000570、200570 | |
| Stockexchangeforstocklisting | ShenzhenStockExchange | |||
| ContactInformation | BoardSecretary | SecuritiesRepresentative | ||
| Name | HeJianjiang | |||
| Address | 123HuaideMiddleRoad,Changzhou,Jiangsu,China | |||
| Tel. | (86)519-68683155 | |||
| Emailaddress | cchjj@changchai.com | |||
2.PrincipalActivityoftheCompanyintheReportingPeriodWhethertheCompanyneedstoretrospectivelyadjustorrestateaccountingdatafrompreviousyears.?Yes?No
| CurrentReportingPeriod | SamePeriodofPreviousYear | YoYChange | |
| Operatingrevenue(RMB) | 1,561,186,625.83 | 1,495,909,152.63 | 4.36% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 73,422,814.69 | 50,097,655.15 | 46.56% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | 56,297,500.59 | 59,846,264.97 | -5.93% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -74,306,110.63 | -161,814,513.00 | —— |
| Basicearningspershare(RMB/share) | 0.1040 | 0.0710 | 46.48% |
| Dilutedearningspershare(RMB/share) | 0.1040 | 0.0710 | 46.48% |
| Weightedaveragereturnonequity(%) | 2.14% | 1.47% | 0.67% |
| 30June2025 | 31December2024 | Changeof30June2025over31December2024 | |
| Totalassets(RMB) | 5,495,820,689.71 | 5,381,900,903.82 | 2.12% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 3,498,363,449.68 | 3,362,683,464.32 | 4.03% |
3.ShareCapitalandShareholders'Information
Unit:share
| Numberofordinaryshareholders | 49,433 | Totalnumberofpreferredshareholderswithrestoredvotingrightsattheendofthereportingperiod(ifapplicable) | 0 | ||||
| Equityholdingsofthetop10shareholders(excludingshareslentthroughsecuritieslending) | |||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheldattheperiod-end | Numberofsharessubjecttotradingrestrictions | Restrictedsharesheld | ||
| Status | Shares | ||||||
| ChangzhouInvestmentGroupCo.,Ltd | State-ownedlegalperson | 32.26% | 227,663,417 | 0 | N/A | 0 | |
| ChenJian | Domesticnaturalperson | 0.71% | 4,995,800 | ||||
| DaiXuerong | Domesticnaturalperson | 0.56% | 3,918,000 | ||||
| KGIASIALIMITED | Foreignlegalperson | 0.44% | 3,100,195 | ||||
| BankofChinaLimited-HuashangSelectiveReturnMixedSecuritiesInvestmentFund | Others | 0.42% | 2,954,200 | |
| BARCLAYSBANKPLC | Foreignlegalperson | 0.41% | 2,883,501 | |
| CaoYifan | Domesticnaturalperson | 0.32% | 2,249,100 | |
| ChinaMinshengBankingCorp.,Ltd.-JinyuanShun'anYuanqiFlexibleAllocationMixedSecuritiesInvestmentFund | Others | 0.28% | 1,950,000 | |
| WangDefu | Domesticnaturalperson | 0.23% | 1,638,800 | |
| LiSuinan | Domesticnaturalperson | 0.23% | 1,602,000 | |
| Disclosureofconnectedrelationshipsorconcertedactionsamongtheaforementionedshareholders | TheCompanyisunawareofanyconnectedrelationshipsorwhetherthetop10tradableshareholdersandtop10unrestrictedtradableshareholdersconstituteconcertedpartiesasdefinedbythe"ShareholdingChangeInformationManagementMeasures". | |||
| Explanationregardingshareholdersparticipatinginmargintrading(ifapplicable) | ShareholdersChenJianandWangDefuhold4,995,800sharesand1,638,800sharesrespectivelythroughmargintradingaccounts. | |||
ShareholdingStatusofMajorShareholders(Holding>5%Shares),Top10Shareholders,andTop10UnrestrictedTradableShareholdersRegardingSecuritiesLendingBusiness?Applicable?NotApplicableChangesinTop10ShareholdersandTop10UnrestrictedTradableShareholdersDuetoSecuritiesLending(Borrowing/ReturningShares)ComparedtothePreviousPeriod?Applicable?NotApplicable
4.ChangesinControllingShareholderorActualControllerChangesinControllingShareholderDuringtheReportingPeriod?Applicable?NotApplicableNochangeoccurredduringthereportingperiod.ActualControllerDuringtheReportingPeriod?Applicable?NotApplicable
Nochangeoccurredduringthereportingperiod.
5.TotalNumberofPreferredShareholders&ShareholdingDetailsofTop10PreferredShareholders?Applicable?NotApplicableTheCompanyhadnopreferredshareholdersduringthereportingperiod.
6.BondInformationOutstandingasoftheSemi-AnnualReportApprovalDate?Applicable?NotApplicable
III.SignificantEvents
1.ExpropriationandCompensationfortheCompany'sFoundryPlantOnMarch6,2025,theCompanyreceivedtheExpropriationDecisionforState-OwnedLandandBuildings(ChangXinZheng[2025]No.1)issuedbythePeople'sGovernmentofXinbeiDistrict,Changzhou.Duetopublicinterestrequirementsforurbanredevelopment,thegovernmentdecidedtoexpropriatebuildingswithinthescopeoftheSanjingSubdistrictFoundryPlantandsurroundingareaurbanrenewalproject(PhaseI).
OnMay8,2025,theCompanyconvenedtheSecondInterimBoardMeetingandSecondInterimSupervisoryCommitteeMeetingof2025,approvingtheProposalonSigningtheExpropriationCompensationAgreementforNon-ResidentialBuildingsinXinbeiDistrict,Changzhou.ThematterwasfurtherapprovedattheFirstInterimShareholders’Meetingof2025onMay26,2025,authorizingtheCompanytosignacompensationagreementwiththeXinbeiDistrictHousingandUrban-RuralDevelopmentBureauandSanjingSubdistrict,withatotalcompensationamountofRMB346.8569million.ThefinalsigningoftheexpropriationagreementispendingcompletionofapprovalproceduresbytheXinbeiDistrictHousingandUrban-RuralDevelopmentBureauandtheSanjingSubdistrictExpropriationandCompensationServiceCenter.
2.ExpropriationandCompensationforPartoftheCompany’sHeadquarters(Street-FacingShops)
OnFebruary26,2025,theCompanyreceivedtheAnnouncementontheExpropriationCompensationPlanfortheWestHengjieStationProjectofChangzhouMetroLine5issuedbythePeople'sGovernmentofZhonglouDistrict,Changzhou.Duetopublicinterestneeds,thegovernmentproposedexpropriatingpartofthebuildingsatNo.123HuaideMiddleRoad(i.e.,theCompany’sstreet-facingshopsatitsheadquarters).
OnJuly21,2025,theCompanyconvenedtheFourthInterimBoardMeetingandThirdInterimSupervisoryCommitteeMeetingof2025,approvingtheProposalonSigningtheExpropriationCompensationAgreementforState-OwnedLandandBuildingsfortheHeadquarters’Street-FacingShops.ThematterwasfurtherapprovedattheSecondInterimShareholders’Meetingof2025onAugust6,2025,authorizingtheCompanytosignacompensationagreementwiththeZhonglouDistrictHousingandUrban-RuralDevelopmentBureau,withatotalcompensationamountofRMB48.7877million.
3.MergerofChangchaiRobinwithHorizonAgriculturalEquipment
OnNovember22,2024,theCompanyconvenedtheFifthInterimBoardMeetingof2024,approvingtheProposalontheMergerofChangzhouChangchaiHorizonAgriculturalEquipmentCo.,Ltd.andChangzhouFujiChangchaiRobinGasolineEngineCo.,Ltd.TheBoardagreedthatthewholly-ownedsubsidiaryChangzhouFujiChangchaiRobinGasolineEngineCo.,Ltd.("ChangchaiRobin")wouldabsorbandsucceedallassets,liabilities,businessoperations,andotherrightsandobligationsofthewholly-ownedsubsidiary
ChangzhouChangchaiHorizonAgriculturalEquipmentCo.,Ltd.("HorizonAgriculturalEquipment")throughastatutorymerger.
Followingthemerger,ChangchaiRobincontinuesnormaloperations,whileHorizonAgriculturalEquipment’slegalentitystatuswasderegistered.InFebruary2025,theCompanyreceivedtheRegistrationNotice(No.DengZi[2025]02270081)issuedbytheAdministrativeServiceOfficeofChangzhouHigh-TechIndustrialDevelopmentZone(XinbeiDistrict),confirmingthederegistrationofHorizonAgriculturalEquipmentandthecompletionofthemerger.
4.MergerofChangniuCompanywithChangchaiBenniu
OnJune9,2025,theCompanyconvenedtheThirdInterimBoardMeetingof2025,approvingtheProposalontheMergerofChangzhouChangchaiBenniuDieselEnginePartsCo.,Ltd.andChangzhouChangniuMachineryCo.,Ltd.TheBoardagreedthatChangzhouChangniuMachineryCo.,Ltd.("ChangniuCompany")wouldabsorbandsucceedallassets,liabilities,businessoperations,andotherrightsandobligationsofChangzhouChangchaiBenniuDieselEnginePartsCo.,Ltd.("ChangchaiBenniu")throughastatutorymerger,whileretainingChangchaiBenniu’sregisteredcapital,equitystructure,andgovernanceframework.
Followingthemerger,ChangniuCompanycontinuesnormaloperations,whileChangchaiBenniu’slegalentitystatuswillbederegistered.