Asia300

Chongqing Changan Automobile Co. Ltd.

China

  • 1m
  • 3m
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  • 1y
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Sep 20, 2017
Prev close: 14.13
Sep 20, 2017
Market cap:
Market cap(USD):
62,933.25M
9,572.75M
Shares: 4,802.64M

Currency in CNY

Company profile

Market(Ticker): SHE(000625)
Sector:
Industry:
Consumer Durables
Motor Vehicles
Full time employees: 41,173

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 2016

  • Local currency
  • US Dollar
Revenue 74,341.08M
Gross profit 9,424.34M
Operating income 615.14M
Income before tax 786.10M
Net income 10,285.28M
EBITDA 2,722.42M
Diluted EPS 2.19
Dividends per share 0.62
Total assets 106,510.47M
Total liabilities 60,176.88M
Total equity 43,573.81M
Operating cash flow 12,085.72M

Currency in CNY

Revenue 11,189.94M
Gross profit 1,418.56M
Operating income 92.59M
Income before tax 118.32M
Net income 1,548.15M
EBITDA 409.78M
Diluted EPS 0.32
Dividends per share 0.09
Total assets 15,326.35M
Total liabilities 8,659.16M
Total equity 6,270.06M
Operating cash flow 1,819.16M

Currency in USD

Valuation measures

Dec 2016

PER 6.82
ROA 10.47%
ROE 26.38%
Operating margin 0.82%
Profit margin 13.83%

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(46.7%)
  • China Securities Finance Corp. Ltd.(3.5%)
  • Bosera Asset Management Co., Ltd.(2.1%)
  • China Investment Corp. (Investment Company)(1.4%)
  • Da Cheng Fund Management Co., Ltd.(0.9%)
  • AnBang Asset Management Co., Ltd.(0.8%)
  • Norges Bank Investment Management(0.6%)
  • China Asset Management Co., Ltd.(0.5%)
  • Harvest Fund Management Co., Ltd.(0.5%)
  • E 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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