Asia300

Chongqing Changan Automobile Co. Ltd.

China

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Mar 24, 2017
Prev close: 15.92
Mar 24, 2017
Market cap:
Market cap(USD):
70,673.4M
10,260M
Shares: 4,802.65M

Currency in CNY

Company profile

Market(Ticker): SHE(000625)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Full time employees: 37,457

Business summary

Chongqing Changan Automobile Co. Ltd. engages in the manufacturing and distribution of automobiles, automobile engines and spare parts. The firm's products include sedans of CS series SUV, Raeton Series, Eado Series, Alsvin series and commercial car of Honor,Oulove, Changan Star series and Oushang MPV. It operates factories in Chongqing, Beijing, Jiangsu, Hebei, Zhejiang, and Jiangxi. The company was founded in 1862 and is headquartered in Chongqing, China.

Company background

Chongqing Changan Automobile is a core company of Chongqing-based Changan Automobile Group. It is one of China's five biggest automakers, along with First Automobile Works Group, Dongfeng Motor, SAIC Motor and Chery Automobile. Its origins can be traced back to 1862. The company is under the umbrella of China South Industries Group, a state-owned arms manufacturer.

The company's strength is in small cars. In addition to its own-brand passenger vehicles, minivans, small trucks and SUVs, it also manufactures engines. Chongqing Changan Automobile operates joint ventures with such foreign carmakers as Suzuki Motor and Mazda Motor of Japan, Ford Motor of the U.S. and PSA Peugeot Citroen of France. Most taxis in Chongqing are small cars manufactured by a joint venture with Suzuki Motor.

It currently produces own-brand vehicles in Chongqing, Beijing and Hefei, Auhui Province. This April, the company decided to issue 6 billion yuan ($966 million) in new shares to its group companies and others as part of its push to boost production and sales of own-brand vehicles. It aims to produce and sell 1.17 million such vehicles a year from 2017.

Chairman Xu Liuping said his company will focus on developing new-energy vehicles, with the aim of raising the share of such cars to total production to 30% by 2020. The company sees Russia as an important overseas market, and also has production facilities in Iran and Brazil. It has about 80,000 employees.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 63,221.47M
Gross profit 9,293.63M
Operating income 357.13M
Income before tax 572.02M
Net income 9,952.71M
EBITDA 2,395.44M
Diluted EPS 2.13
Dividends per share 0.61
Total assets 89,774.73M
Total liabilities 52,774.81M
Total equity 34,385.18M
Operating cash flow 13,772.43M

Currency in CNY

Revenue 10,058.91M
Gross profit 1,478.67M
Operating income 56.82M
Income before tax 91.01M
Net income 1,583.53M
EBITDA 381.12M
Diluted EPS 0.33
Dividends per share 0.09
Total assets 13,825.11M
Total liabilities 8,127.20M
Total equity 5,295.24M
Operating cash flow 2,191.27M

Currency in USD

Valuation measures

Dec 2015

PER 7.96
ROA 12.44%
ROE 33.16%
Operating margin 0.56%
Profit margin 15.74%

Key executive

  • President & Director: Hua Rong Zhu
  • Vice President: Yuan Mingxue
  • Vice President: Li Wei
  • Director & Vice President: Kun Wang
  • Co-Secretary: Jun Li

Share holders

  • China State-Owned Assets Supervision & Admn Commission(48.4%)
  • China Securities Finance Corp. Ltd.(3.7%)
  • Bosera Asset Management Co., Ltd.(1.5%)
  • China Investment Corp. (Investment Company)(1.4%)
  • Da Cheng Fund Management Co., Ltd.(0.7%)
  • Norges Bank Investment Management(0.6%)
  • Great Wall Fund Management Co., Ltd.(0.6%)
  • HuaAn Fund Management Co., Ltd.(0.3%)
  • UBS SDIC Fund Management Co., Ltd.(0.2%)
  • Guotai Junan Allianz Fund Management Co., Ltd.(0.2%)

Address

  • Website: http://www.changan.com.cn
  • Address: No. 260, Jian Xin East Road, Jiangbei District, Chongqing, 400023, China
  • Phone: +86.23.6759.4009

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