2025-04-29-深交所-苏常柴Ｂ_常柴股份有限公司2025年第一季度报告（英文）_15页_485kb

Changchai Company Limited 2025 First Quarter Report Summary

• Company Information: Changchai Company, Limited (Stock code: 000570, Stock name: Changchai, Changchai B) released its unaudited quarterly report for the first quarter of 2025. Key statements and summaries are guaranteed to be accurate by the Board of Directors, Supervisory Committee, and management.

• Financial Highlights:

  • Operating revenue increased by 7.33% to RMB 897,763,657.72.
  • Net profit attributable to shareholders surged by 35.01% to RMB 43,720,636.95, largely due to VAT deductions and fair value gains from subsidiary investments.
  • Accounts receivable rose 136.40% due to market expansion and extended credit terms, impacting overall financial performance.

• Major Events:

  • The company completed the merger of its subsidiary Changzhou Changchai Horizon Agricultural Equipment Co., Ltd. with Changzhou Fuji Changchai Robin Gasoline Engine Co., Ltd., via absorption, cancelling Horizon's legal entity.
  • It faces property expropriation for the West Hengjie Station project of Changzhou Urban Rail Transit Line 5 and its foundry building due to urban renewal, which is expected to have minimal operational impact.

• Shareholder Information: Top shareholders include Changzhou Investment Group Co., Ltd. with 32.26% ownership, and other institutions and individuals holding significant stakes, totaling RMB 53,790 shares with voting rights.

• Overall Status: The report is not audited and covers the quarter from January to March 2025.