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Chongqing Changan Automobile Co. Ltd.
- 7.31 CNY
- +0.09
- +1.25%
China
Aug 16, 2018Ticker
SHE(000625)Prev. close
7.22Market cap (CNY)
33,536.45MMarket cap (USD)
4,862.17MShares
4,802.64M
In the news
- Internet executives well represented at China's National Congress Mar 7, 2018
- Will Chinese consumers like the new Peugeot and Citroen SUVs? Feb 8, 2018
- Japanese carmakers fall in line readying electrics for China Jan 24, 2018
- Carmakers FAW, Dongfeng, Changan move closer to merging Dec 2, 2017
- China's Changan steers toward electric future Oct 21, 2017 See more articles on Chongqing Changan Automobile Co. Ltd.
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.
Business Summary
Financial Highlights
| Dec 2017 | CNY | USD |
| Revenue | 76,938.18M | 11,384.38M |
| Gross Profit | 7,011.70M | 1,037.50M |
| Operating income | -1,588.18M | -235.00M |
| Income before tax | 325.99M | 48.23M |
| Net income | 7,137.23M | 1,056.08M |
| EBITDA | 790.53M | 116.97M |
| Diluted EPS | 1.48 | 0.21 |
| Dividends Per Share | 0.47 | 0.07 |
| Total Assets | 106,125.11M | 16,296.85M |
| Total liabilities | 54,792.19M | 8,414.03M |
| Total equity | 47,598.69M | 7,309.38M |
| Operating cash flow | 7,357.53M | 1,088.67M |
| Currency in CNY | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 37,221.08M | 50,232.35M | 63,221.47M | 74,341.08M | 76,938.18M |
| Gross Profit | 5,100.65M | 6,603.08M | 9,431.19M | 9,424.34M | 7,011.70M |
| Operating income | -1,099.45M | -313.26M | 799.06M | 615.14M | -1,588.18M |
| Income before tax | -1,159.08M | -452.38M | 572.02M | 786.10M | 325.99M |
| Net income | 3,505.64M | 7,561.08M | 9,952.71M | 10,285.28M | 7,137.23M |
| EBITDA | 505.68M | 1,565.63M | 2,699.81M | 2,722.42M | 790.53M |
| Diluted EPS | 0.75 | 1.62 | 2.13 | 2.19 | 1.48 |
| Dividends Per Share | 0.09 | 0.25 | 0.61 | 0.62 | 0.47 |
| Total Assets | 53,579.94M | 70,226.41M | 89,774.73M | 106,510.47M | 106,125.11M |
| Total liabilities | 32,266.37M | 41,936.97M | 52,774.81M | 60,176.88M | 54,792.19M |
| Total equity | 18,778.35M | 25,637.29M | 34,385.18M | 43,573.81M | 47,598.69M |
| Operating cash flow | 3,464.85M | 11,514.46M | 13,772.43M | 12,085.72M | 7,357.53M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 6,054.49M | 8,152.35M | 10,058.91M | 11,189.94M | 11,384.38M |
| Gross Profit | 829.68M | 1,071.63M | 1,500.55M | 1,418.56M | 1,037.50M |
| Operating income | -178.84M | -50.83M | 127.13M | 92.59M | -235.00M |
| Income before tax | -188.53M | -73.41M | 91.01M | 118.32M | 48.23M |
| Net income | 570.23M | 1,227.10M | 1,583.53M | 1,548.15M | 1,056.08M |
| EBITDA | 82.25M | 254.09M | 429.55M | 409.78M | 116.97M |
| Diluted EPS | 0.12 | 0.26 | 0.33 | 0.32 | 0.21 |
| Dividends Per Share | 0.01 | 0.04 | 0.09 | 0.09 | 0.07 |
| Total Assets | 8,850.48M | 11,319.53M | 13,825.11M | 15,326.35M | 16,296.85M |
| Total liabilities | 5,329.84M | 6,759.66M | 8,127.20M | 8,659.16M | 8,414.03M |
| Total equity | 3,101.86M | 4,132.38M | 5,295.24M | 6,270.06M | 7,309.38M |
| Operating cash flow | 563.60M | 1,868.71M | 2,191.27M | 1,819.16M | 1,088.67M |
Valuation Measures
| Dec 2017 | |
| PER | 8.47 |
| ROA | 6.71% |
| ROE | 15.65% |
| Operating margin | -2.06% |
| Profit margin | 9.27% |
Key executives
- President & Director: Hua Rong Zhu
- Vice President: Yuan Mingxue
- Vice President: Li Wei
- Secretary: Jun Li
Shareholders
- China State-Owned Assets Supervision & Admn Commission (48.4%)
- China Securities Finance Corp. Ltd. (5.8%)
- AnBang Asset Management Co., Ltd. (1.6%)
- China Investment Corp. (Investment Company) (1.4%)
- China Asset Management Co., Ltd. (0.5%)
- Harvest Fund Management Co., Ltd. (0.4%)
- Da Cheng Fund Management Co., Ltd. (0.3%)
- Somerset Capital Management LLP (0.1%)
- Huatai-PineBridge Fund Management Co., Ltd. (0.1%)
- Norges Bank Investment Management (0.1%)
Contact Details
- Website:http://www.changan.com.cn
- Address: No. 260, Jian Xin East Road, Jiangbei District, Chongqing, 400023, China
- Phone: +86.23.6759.4009
Related Companies
- Baoding Changan Bus Manufacturing Co., Ltd.
- Chongqing Changfeng Jiquan Machinary Co., Ltd.
- Chongqing Changan Property Management Co., Ltd.
- Changan UK R & D Centre Ltd.
- Chongqing Xiyi Automobile Linkage Rod Co. Ltd.
- Hefei Changan Automobile Co. Ltd.
- Baoding Changan Bus Co. Ltd.
- Chongqing Changan New Energy Automobile Co. Ltd.
- Chongqing Chang'an Jinling Automobile Parts Co. Ltd.
- Hebei Changan Automobile Co. Ltd.
- Chongqing Chang'an Visteon Engine System Co., Ltd.
- Changan Ford Mazda Automobile Corp.
Competitors
- Dongfeng Automobile Co., Ltd. Class A
- Beiqi Foton Motor Co., Ltd. Class A
- Guangzhou Automobile Group Co., Ltd. Class H
- FAW Car Co., Ltd. Class A
- Hualing Xingma Automobile (Group) Co., Ltd. Class A
Copyright © 2018 FactSet Research Systems Inc. All rights reserved.
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