Chongqing Changan Automobile Co. Ltd.
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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.
|Income before tax||-83.55M||-12.09M|
|Dividends Per Share||0||0|
|Operating cash flow||5,268.59M||762.47M|
|Currency in CNY||Currency in USD|
|Dec 2015||Dec 2016||Dec 2017||Dec 2018||Dec 2019|
|Income before tax||572.02M||786.10M||325.99M||990.10M||-83.55M|
|Dividends Per Share||0.61||0.62||0.47||0.01||0|
|Operating cash flow||13,772.43M||12,085.72M||7,357.53M||-2,489.82M||5,268.59M|
|Dec 2015||Dec 2016||Dec 2017||Dec 2018||Dec 2019|
|Income before tax||91.01M||118.32M||48.23M||149.63M||-12.09M|
|Dividends Per Share||0.09||0.09||0.07||0.00||0|
|Operating cash flow||2,191.27M||1,819.16M||1,088.67M||-376.27M||762.47M|
- President, General Manager & Director: Hua Rong Zhu
- Vice President: Li Wei
- Vice President: Ming Xue Yuan
- Secretary: Jun Li
- China State-Owned Assets Supervision & Admn Commission (50.3%)
- China Securities Finance Corp. Ltd. (6.0%)
- Allianz Global Investors Asia Pacific Ltd. (1.4%)
- China Investment Corp. (Investment Management) (1.4%)
- Bosera Asset Management Co., Ltd. (1.0%)
- China Asset Management Co., Ltd. (0.6%)
- China Southern Asset Management Co., Ltd. (0.4%)
- Invesco Great Wall Fund Management Co. Ltd. (Invt Mgmt) (0.4%)
- Harvest Fund Management Co., Ltd. (0.4%)
- The Caisse de depot et placement du Quebec (0.4%)
- Address: No. 260, Jian Xin East Road, Jiangbei District, Chongqing, 400023, China
- Phone: +86.23.6759.4009
- Chongqing Changan New Energy Automobile Technology Co., Ltd.
- Chongqing Chehemei Technology Co., Ltd.
- Guangzhou Changan New Energy Automobile Co., Ltd.
- Xiamen Changan New Energy Automobile Co., Ltd.
- Fuqing Changan New Energy Automobile Co., Ltd.
- Nanjing Changan New Energy Automobile Sales & Service
- Nanjing Changan Connected Car Technology Co., Ltd.
- Hefei Changan Yixing Technology Co., Ltd.
- Hangzhou Changan Yixing Technology Co., Ltd.
- Changan automobile investment (Shenzhen) Co., Ltd.
- Changan Brazil Holdings Ltd.
- Changan Automobile Russia Co. Ltd.
- Changan US Research & Development Center, Inc.
- Changan Japan Designing Center Co., Ltd.
- Beijing Changan R&D Center Co., Ltd.
- Chongqing Changan Europe Design Academy Co. Ltd.
- Zhenjiang Demao Hairun Equity Investment Fund LP
- Baoding Changan Bus Manufacturing Co., Ltd.
- Chongqing Changfeng Jiquan Machinary Co., Ltd.
- Chongqing Changan Automobile Supporting Service 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 Connected Car Technology Co., Ltd.
- Chongqing Changan New Energy Automobile Co., Ltd.
- Chongqing Changan International Automobile Sales Co., Ltd.
- Chongqing Chang'an Jinling Automobile Parts Co. Ltd.
- Nanjing Changan Automobile Co., Ltd.
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Copyright © 2020 FactSet Research Systems Inc. All rights reserved.Last Updated on 23 Oct, 2020
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