Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. GREAT WALL MOTOR COMPANY LIMITED * (a joint stock company incorporated in the People s Republic of China with limited liability) (Stock Code: 2333) 2015 THIRD QUARTERLY REPORT The Board hereby announces the 2015 Third Quarterly Report of the Company. This report was prepared in accordance with China Accounting Standards for Business Enterprises and has not been audited. This announcement is made pursuant to Rule 13.09 of the Listing Rules and Part XIVA of the Securities and Futures Ordinance. The board of directors (the Board ) of Great Wall Motor Company Limited (the Company ) hereby announces the unaudited results of the Company and its subsidiaries for the nine months ended 30 September 2015 (the Third Quarterly Report ), which were prepared in accordance with China Accounting Standards for Business Enterprises. This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules ) and Part XIVA of the Securities and Futures Ordinance. The contents of this announcement are consistent with the announcement published on the Shanghai Stock Exchange. This announcement is published simultaneously in Hong Kong and Shanghai. 1. IMPORTANT NOTICE 1.1 The Board, the Supervisory Committee and the directors, supervisors and senior management of the Company warrant that the information in this quarterly report is true, accurate and complete, and does not contain any false representations, misleading statements or material omissions and they jointly and severally take legal responsibility for its contents. 1.2 All the directors of the Company attended the Board meeting to consider and approve this quarterly report. 1
1.3 Wei Jian Jun, person-in-charge of the Company, Li Feng Zhen, person-in-charge of the accounting affairs and Ji Wen Jun, person-in-charge of the accounting department (head of the accounting department) warrant the truthfulness, accuracy and completeness of the financial statements in this quarterly report. 1.4 The financial statements in the Third Quarterly Report of the Company have not been audited. 1.5 Definitions In this report, the following expressions shall, unless the context otherwise requires, have the following meanings: Reporting Period or Current Period the period commencing from 1 July 2015 and ending on 30 September 2015 2. KEY FINANCIAL DATA AND CHANGE IN SHAREHOLDERS OF THE COMPANY 2.1 Key financial data As at the end of the Reporting Period Unit: RMB Currency: RMB Increase/decrease as at the end of the Reporting Period over the end of As at the end of last year last year (%) Total assets 65,411,833,544.70 61,345,252,123.45 6.63 Net assets attributable to shareholders of the listed company 33,465,182,263.06 33,451,860,470.96 0.04 From the beginning of this year to the end of the Reporting Period From the beginning of last year to the end of the reporting period of last year Increase/decrease as compared with the period last year (%) Net cash flow from operating activities 10,025,742,265.78 6,604,349,560.79 51.81 2
From the beginning of this year to the end of the Reporting Period From the beginning of last year to the end of the reporting period of last year Increase/decrease as compared with the period last year (%) Total revenue 52,655,696,932.00 42,586,645,579.77 23.64 Operating income 52,604,098,911.74 42,585,889,277.69 23.52 Net profit attributable to shareholders of the listed company 6,208,581,115.01 5,586,247,869.89 11.14 Net profit attributable to shareholders of the listed company after non-recurring gains/losses 5,952,381,780.69 5,502,711,705.11 8.17 Weighted average return on net assets (%) 17.51 18.83 Decreased by 1.32 percentage point Basic earnings per share (RMB per share) 2.0407 1.8361 11.14 Diluted earnings per share (RMB per share) N/A N/A N/A 3
Items and amounts of non-recurring gains/losses: Applicable Not applicable Item Unit: RMB Currency: RMB the beginning of this year to the end of the Reporting For the Current Period Period (July to Gains/losses on disposal of non-current assets -19,848,316.83-29,442,803.56 Government grants accounted for in profit and loss account of the current period except for government grants closely related to the corporate business and in compliance with the State policies that were given at a fixed standard amount or quantity as stipulated by the State 150,236,003.63 207,741,390.94 Gains resulting from the deficit between the investment cost of subsidiaries, associates and jointly controlled entities and fair value of the investor s interests in the investee s identifiable net assets 51,644.99 Non-operating income and expenses other than the above items 20,135,313.19 75,595,927.82 Investment income from disposal of long-term equity investment and disposal of financial assets held for trading, financial liabilities held for trading and financial assets available for sale 24,595,627.41 55,646,871.22 Gains from the equity in acquiree already held before the date of acquisition and measured at fair value 6,057,283.20 Losses from changes in fair value -214,440.00 Income tax effect -34,495,846.71-59,222,723.95 Minority interest effect (after tax) 54.94-13,816.34 Total 140,622,835.63 256,199,334.32 4
2.2 Total number of shareholders and shareholding of the top 10 shareholders and the top 10 shareholders of tradable shares or shares without selling restrictions as at the end of the Reporting Period Unit: Shares Total number of shareholders 56,318 Shareholding of the top 10 shareholders Name of shareholder (Full name) Baoding Innovation Great Wall Asset Management Company Limited ( ) Number of shares at the end of the Reporting Period 1,705,000,000 HKSCC NOMINEES LIMITED 1,026,137,384 (H Shares) China Securities Finance Corporation Limited National Social Security Fund 102 Package 50,846,484 23,999,190 Central Huijin Investment Ltd. 7,436,100 National Social Security Fund 108 Package BILL & MELINDA GATES FOUNDATION TRUST Bank of China Limited Huaxia New Economic Flexible Configuration Hybrid Securities Investment Fund 4,999,841 4,380,741 4,275,251 HKSCC NOMINEES LIMITED 4,106,418 Industrial and Commercial Bank of China Limited Southern Consumption Dynamic Flexible Configuration Hybrid Securities Investment Fund 3,790,196 Percentage (%) Number of shares with selling restrictions held Pledged or frozen State of shares Number of shares Type of shareholder 56.04 Nil Domestic non-state-owned legal person 33.73 Unknown Overseas legal person 1.67 Unknown Others 0.79 Unknown Others 0.24 Unknown Others 0.16 Unknown Others 0.14 Unknown Others 0.14 Unknown Others 0.13 Unknown Overseas legal person 0.12 Unknown Others 5
Shareholding of the top 10 shareholders holding shares without selling restrictions Number of tradable shares without selling Class and number of shares Name of shareholder restrictions held Class of shares Number of shares Baoding Innovation Great Wall Asset Management Company Limited ( ) 1,705,000,000 RMB-denominated ordinary shares 1,705,000,000 HKSCC NOMINEES LIMITED 1,026,137,384 (H Shares) Overseas listed foreign shares 1,026,137,384 (H Shares) China Securities Finance Corporation Limited 50,846,484 National Social Security Fund 102 Package 23,999,190 Central Huijin Investment Ltd 7,436,100 National Social Security Fund 108 Package 4,999,841 BILL & MELINDA GATES FOUNDATION TRUST Bank of China Limited Huaxia New Economic Flexible Configuration Hybrid Securities Investment Fund 4,380,741 4,275,251 HKSCC NOMINEES LIMITED 4,106,418 Industrial and Commercial Bank of China Limited Southern Consumption Dynamic Flexible Configuration Hybrid Securities Investment Fund Description of the related party relationship or acting in concert relationship among the above shareholders 3,790,196 RMB-denominated ordinary shares 50,846,484 RMB-denominated ordinary shares 23,999,190 RMB-denominated ordinary shares 7,436,100 RMB-denominated ordinary shares 4,999,841 RMB-denominated ordinary shares 4,380,741 RMB-denominated ordinary shares 4,275,251 RMB-denominated ordinary shares 4,106,418 RMB-denominated ordinary shares 3,790,196 There is no related party relationship between Baoding Innovation Great Wall Asset Management Company Limited ( ), the controlling shareholder of the Company, and the other shareholders. Description of the shareholders holding preference shares with restored voting rights and their shareholding In addition, the Company is not aware of any related party relationship among the other shareholders mentioned above. 6
3. SIGNIFICANT EVENTS 3.1 Details of and reasons for material changes in key financial statement items and financial indicators of the Company Applicable Not applicable 3.1.1 Items in the consolidated balance sheet as at 30 September 2015 with significant changes as compared to those of 31 December 2014: Item As at 30 September 2015 As at 31 December 2014 Change (%) Reason Cash and bank balances 5,446,798,988.87 3,394,260,013.36 60.47 The change in cash and bank balances was mainly due to the recovery of sales proceeds and the maturity of bank acceptance bills. Financial assets at fair value through profit or loss 897,000,000.00 214,440.00 418,198.82 The change in financial assets at fair value through profit or loss was mainly due to the purchase of principal guaranteed with floating interest rate financial products during the Reporting Period. Other receivables 728,283,596.73 2,896,787,792.18-74.86 The change in other receivables was mainly due to the reclassification of performance bond for land receivables aged for more than 1 year to long-term receivables during the Reporting Period. Inventories 4,564,083,639.98 3,470,386,550.65 31.52 The change in inventories was mainly due to the increase in car categories and models during the Reporting Period. Non-current assets due within one year 324,294,968.62 52,161,068.06 521.72 The change in non-current assets due within one year was due to the increase in receivables due within one year resulted from the increase in volume of lending business of Tianjin Great Wall Binyin Automotive Finance Company Ltd, a subsidiary of the Company. Other current assets 2,204,562,965.35 681,225,623.01 223.62 The change in other current assets was mainly due to the purchase of principal and income guaranteed financial products during the Reporting Period. Entrusted loans and advances Long-term equity investments 440,172,971.47 100,508,080.46 337.95 The change in entrusted loans and advances was mainly due to the increase in volume of lending business of Tianjin Great Wall Binyin Automotive Finance Company Ltd, a subsidiary of the Company. 27,268,283.95 65,990,244.87-58.68 The change in long-term equity investments was mainly due to the declaration of payment of dividends by joint ventures and the acquisition of equity of joint ventures for the purpose of transforming such joint ventures into subsidiaries during the Reporting Period. Investment properties 16,549,134.60 6,344,662.41 160.84 The change in investment properties was due to the lease of properties by the acquired subsidiary during the Reporting Period. 7
Item Deferred income tax assets As at 30 September 2015 As at 31 December 2014 Change (%) Reason 624,634,543.00 441,378,429.46 41.52 The change in deferred income tax assets was mainly due to the increase in provisions during the Reporting Period. Short-term borrowings 773,605,510.67 100.00 The change in short-term borrowings was due to the short-term loans obtained from pledged time deposits and banking financial products for the purpose of dividend payment during the Reporting Period. Placement from banks and other financial institutions 300,000,000.00 100.00 The change in placement from banks and other financial institutions was due to borrowings from banks of Tianjin Great Wall Binyin Automotive Finance Company Ltd, a subsidiary of the Company, during the Reporting Period. Bills payable 5,659,068,913.27 4,138,158,178.41 36.75 The change in bills payable was mainly due to the decrease in amount paid to suppliers through direct bills endorsed and increase in amount paid to suppliers through bills payable. Payments received in advance 4,347,961,333.46 3,180,045,338.74 36.73 The change in Payments received in advance was mainly due to the increase in advances from distributors. Salaries payable 367,526,408.74 1,326,601,449.19-72.30 The change in salaries payable was mainly due to the granting of bonus payable during the Reporting Period which was provided in December 2014. Dividends payable 3,803,028,750.00 156,709.77 2,426,697.48 The change in dividends payable was mainly due to the unpaid share dividends and cash dividends declared in September 2015. 8
3.1.2 Items in the consolidated income statement for the period from 1 January 2015 to 30 September 2015 with significant changes as compared to those of the period of last year: Item January to September 2015 January to September 2014 Change (%) Reason Interest income 51,487,828.18 756,302.08 6,707.84 The change in interest income was mainly due to the increase in volume of lending business of Tianjin Great Wall Binyin Automotive Finance Company Ltd, a subsidiary of the Company. Business tax and surcharges 1,987,718,239.27 1,508,369,982.49 31.78 The change in business tax and surcharges was mainly due to the increase in turnover tax resulted from the increase in income from domestic sales and decrease in income from export during the Reporting Period. Selling expenses 1,796,972,223.81 1,367,072,557.18 31.45 The change in selling expenses was mainly due to the increase in the transportation fees and after-sales service fees resulted from the increase in sales volume during the Reporting Period. Finance costs 230,482,226.50-45,430,832.69-607.33 The change in financing costs was mainly due to the recognition of financial expenses in relation to discounted performance bond for land receivables aged more than 1 year during the Reporting Period. Asset impairment loss 61,838,769.15 1,179,279.68 5,143.77 The change in Asset impairment loss was mainly due to the increase in provision for bad debts during the Reporting Period. Gains from changes in fair value (losses are indicated with - ) Investment gains (losses are indicated with - ) -214,440.00 10,062,973.14-102.13 The change in gains from change in fair value was mainly due to the change of fair value of forward exchange trading. 68,335,646.63 12,291,038.16 455.98 The change in investment gains was mainly due to the increase in the purchase of financial products and income from disposal of subsidiary during the Reporting Period. Non-operating income 292,236,291.17 121,170,657.10 141.18 The change in non-operating income was mainly due to the increase in government grants during the Reporting Period. Profit and loss of minority shareholders 879,255.53-645,216.67-236.27 The change in profit or loss attributable to minority interest was mainly due to the profit earned by Tianjin Great Wall Binyin Automotive Finance Company Ltd, a subsidiary of the Company, during the Reporting Period. 9
3.1.3 Items in the consolidated cash flow statement for the period from 1 January 2015 to 30 September 2015 with significant changes as compared to those of the period last year: Item Net cash flow from operating activities Net cash flow from investing activities Net cash flow from financing activities January to September 2015 January to September 2014 Change (%) Reason 10,025,742,265.78 6,604,349,560.79 51.81 The change in net cash flows from operating activities was mainly due to the increase in cash generated from operation due to an increase in revenue. -6,251,727,249.72-5,228,890,799.79 19.56 The change in net cash flows from investing activities was mainly due to the increase in investment in financial products during the Reporting Period. -2,702,098,694.10-1,650,199,546.31 63.74 The change in net cash flows from financing activities was mainly due to the increase in restricted bank deposits during the Reporting Period. 3.2 Analysis and explanation of the progress of significant events and their implications and solutions Applicable Not applicable 3.3 Performance of undertakings made by the Company and its shareholders holding 5% or more of shares Applicable Not applicable 1. The Company has undertaken that from 1 January 2012, it would not enter into any transactions relating to automotive parts and components with Hebei Baoding Tai Hang Group Company Limited ( ) and Baoding Tai Hang Pump Manufacturing Company Limited ( ) 2. Baoding Innovation Great Wall Asset Management Company Limited ( ), the controlling shareholder of the Company, has undertaken that (1) Baoding Innovation Great Wall Asset Management Company Limited ( ) is not directly or indirectly engaged in any business that is identical with or similar to the principal business and other businesses of Great Wall Motor Company Limited (the Competing Business ); (2) as long as Baoding Innovation Great Wall Asset Management Company Limited ( ) remains as a related party that has control over Great Wall Motor Company Limited ( ), its directly or indirectly-controlled subsidiaries would not in any way, directly or indirectly, engage in any existing or potential Competing Business; and (3) subject to the same conditions, Great Wall Motor Company Limited ( ) shall have the right of first refusal over the investment or other business opportunities relating to Competing Businesses that Baoding Innovation Great Wall Asset Management Company Limited ( ) will pursue or may get in the future. 10
3. Mr. Wei Jian Jun, the de facto controller of the Company, has undertaken that (1) the subsidiaries directly or indirectly controlled by Mr. Wei Jian Jun are not directly or indirectly engaged in any Competing Business; (2) as long as Mr. Wei Jian Jun remains as a related party who has control over Great Wall Motor Company Limited ( ), the subsidiaries directly or indirectly controlled by him would not in any way, directly or indirectly, engage in any existing or potential Competing Business; and (3) subject to the same conditions, Great Wall Motor Company Limited ( ) shall have the right of first refusal over the investment or other business opportunities relating to the Competing Businesses that the subsidiaries directly or indirectly controlled by Mr. Wei Jian Jun will pursue or may get in the future. After prudent verification, the Board confirmed that the above undertakings had been strictly fulfilled by each of the parties and there was no breach of the same. 3.4 Warning and explanation as to anticipated loss in accumulated net profit from the beginning of this year to the end of the next reporting period or significant changes in the same over the period last year Applicable Not applicable Great Wall Motor Company Limited Legal Representative: Wei Jian Jun 23 October 2015 11
4. APPENDIX 4.1 Financial Statements Consolidated Balance Sheet As at 30 September 2015 Prepared by: Great Wall Motor Company Limited Unit: RMB Currency: RMB Audit status: Unaudited Item Closing balance of the period Opening balance of the year Current assets: Cash and bank balances 5,446,798,988.87 3,394,260,013.36 Balances with clearing companies Placements with banks and other financial institutions Financial assets at fair value through profit or loss 897,000,000.00 214,440.00 Derivative financial assets Bills receivable 19,234,588,424.18 23,352,366,377.86 Accounts receivable 925,107,404.60 730,113,031.42 Prepayments 700,173,127.54 723,332,515.18 Premiums receivable Reinsurance accounts receivable Deposits receivable from reinsurance contracts Interests receivable 3,956,345.15 4,897,335.85 Dividends receivable 9,791,752.06 8,000,000.00 Other receivables 728,283,596.73 2,896,787,792.18 Financial assets purchased under agreements to resell Inventories 4,564,083,639.98 3,470,386,550.65 Assets classified as held-for-sale Non-current assets due within one year 324,294,968.62 52,161,068.06 Other current assets 2,204,562,965.35 681,225,623.01 Total current assets 35,038,641,213.08 35,313,744,747.57 12
Item Closing balance of the period Opening balance of the year Non-current assets: Entrusted loans and advances 440,172,971.47 100,508,080.46 Financial assets available for sale 7,200,000.00 7,200,000.00 Investments held to maturity Long-term receivables 1,696,363,402.27 Long-term equity investments 27,268,283.95 65,990,244.87 Investment properties 16,549,134.60 6,344,662.41 Fixed assets 18,361,390,579.05 17,273,386,734.44 Construction-in-progress 5,992,542,924.41 5,274,343,890.07 Construction materials Disposal of fixed assets Biological assets for production Oil and gas assets Intangible assets 3,147,774,211.88 2,812,510,619.35 Development expenses Goodwill 2,163,713.00 2,163,713.00 Long-term deferred expenses 57,132,567.99 47,681,001.82 Deferred income tax assets 624,634,543.00 441,378,429.46 Other non-current assets Total non-current assets 30,373,192,331.62 26,031,507,375.88 Total assets 65,411,833,544.70 61,345,252,123.45 13
Item Closing balance of the period Opening balance of the year Current liabilities: Short-term borrowings 773,605,510.67 Borrowings from central bank Deposit and amounts due to banks Placement from banks and other financial institutions 300,000,000.00 Financial liabilities at fair value through profit or loss Derivative financial liabilities Bills payable 5,659,068,913.27 4,138,158,178.41 Accounts payable 11,605,975,314.91 14,093,151,931.66 Payments received in advance 4,347,961,333.46 3,180,045,338.74 Financial assets sold under agreements to repurchase Handling charges and commission payable Salaries payable 367,526,408.74 1,326,601,449.19 Taxes payable 963,601,394.26 880,096,384.40 Interests payable 1,770,000.00 Dividends payable 3,803,028,750.00 156,709.77 Other payables 1,449,190,942.65 1,778,299,444.45 Reinsurance accounts payable Deposits for insurance contracts Customer deposits for securities trading Customer deposits for securities underwriting Liabilities classified as held-for-sale Non-current liabilities due within one year 73,976,446.11 75,657,544.16 Other current liabilities 830,029,102.31 672,530,061.79 Total current liabilities 30,175,734,116.38 26,144,697,042.57 14
Item Closing balance of the period Opening balance of the year Non-current liabilities: Long-term borrowings Debentures payable Including: Preference shares Perpetual bonds Long-term payables Long-term salaries payable Special payables Projected liabilities Deferred income 1,715,023,199.27 1,682,108,979.65 Deferred income tax liabilities Other non-current liabilities Total non-current liabilities 1,715,023,199.27 1,682,108,979.65 Total liabilities 31,890,757,315.65 27,826,806,022.22 Owners equity: Share capital 3,042,423,000.00 3,042,423,000.00 Other equity instruments Including: Preference shares Perpetual bonds Capital reserves 4,453,654,014.42 4,453,872,204.02 Less: Treasury shares Other comprehensive income -120,486,741.68-97,592,596.69 Special reserves Surplus reserves 2,340,730,399.25 2,429,620,841.78 Provision for general risks Undistributed profit 23,748,861,591.07 23,623,537,021.85 Total equity attributable to owners of the parent company 33,465,182,263.06 33,451,860,470.96 Minority interests 55,893,965.99 66,585,630.27 Total owners equity 33,521,076,229.05 33,518,446,101.23 Total liabilities and owners equity 65,411,833,544.70 61,345,252,123.45 Legal Representative of Person-in-charge of Person-in-charge of the the Company: accounting affairs: accounting department: Wei Jian Jun Li Feng Zhen Ji Wen Jun 15
Balance Sheet of the Parent Company As at 30 September 2015 Prepared by: Great Wall Motor Company Limited Unit: RMB Currency: RMB Audit status: Unaudited Item Closing balance of the period Opening balance of the year Current assets: Cash and bank balances 3,320,171,803.04 978,394,101.12 Financial assets at fair value through profit or loss 897,000,000.00 214,440.00 Derivative financial assets Bills receivable 15,678,902,029.22 19,639,242,895.83 Accounts receivable 793,655,037.98 798,347,333.80 Prepayments 643,061,803.75 654,724,897.26 Interests receivable Dividends receivable 414,344,641.90 292,327,049.84 Other receivables 686,712,297.37 2,898,608,092.49 Inventories 2,502,031,095.00 2,027,546,852.97 Assets classified as held-for-sale Non-current assets due within one year Other current assets 2,011,082,089.45 659,223,478.97 Total current assets 26,946,960,797.71 27,948,629,142.28 16
Item Closing balance of the period Opening balance of the year Non-current assets: Financial assets available for sale 7,200,000.00 7,200,000.00 Investments held to maturity Long-term receivables 1,696,363,402.27 Long-term equity investments 4,757,671,894.10 4,940,191,440.46 Investment properties 6,215,072.67 6,344,662.41 Fixed assets 15,424,965,315.12 14,329,877,913.45 Construction-in-progress 5,826,548,878.98 5,033,940,379.62 Construction materials Disposal of fixed assets Biological assets for production Oil and gas assets Intangible assets 2,874,617,382.89 2,492,077,530.55 Development expenses Goodwill Long-term deferred expenses 50,364,700.00 40,439,948.41 Deferred income tax assets 244,117,545.43 139,981,277.28 Other non-current assets 250,000,000.00 5,000,000.00 Total non-current assets 31,138,064,191.46 26,995,053,152.18 Total assets 58,085,024,989.17 54,943,682,294.46 Current liabilities: Short-term borrowings 773,605,510.67 Financial liabilities at fair value through profit or loss Derivative financial liabilities Bills payable 3,671,678,107.00 2,228,314,043.46 Accounts payable 12,518,725,061.88 15,007,767,900.38 Payments received in advance 2,329,935,466.11 2,221,451,257.04 Salaries payable 254,547,946.52 927,082,210.16 Taxes payable 666,242,752.60 595,505,852.74 Interests payable Dividends payable 3,803,028,750.00 Other payables 912,295,267.22 1,241,662,471.57 Liabilities classified as held-for-sale Non-current liabilities due within one year 55,420,272.87 55,107,664.84 Other current liabilities 259,557,677.71 253,641,021.61 Total current liabilities 25,245,036,812.58 22,530,532,421.80 17
Item Closing balance of the period Opening balance of the year Non-current liabilities: Long-term borrowings Debentures payable Including: Preference shares Perpetual bonds Long-term payables Long-term salaries payable Special payables Projected liabilities Deferred income 1,476,646,304.86 1,409,252,820.71 Deferred income tax liabilities Other non-current liabilities Total non-current liabilities 1,476,646,304.86 1,409,252,820.71 Total liabilities 26,721,683,117.44 23,939,785,242.51 Owners equity: Share capital 3,042,423,000.00 3,042,423,000.00 Other equity instruments Including: Preference shares Perpetual bonds Capital reserves 4,506,077,023.11 4,506,077,023.11 Less: Treasury shares Other comprehensive income Special reserves Surplus reserves 1,521,231,233.17 1,521,231,233.17 Undistributed profit 22,293,610,615.45 21,934,165,795.67 Total owners equity 31,363,341,871.73 31,003,897,051.95 Total liabilities and owners equity 58,085,024,989.17 54,943,682,294.46 Legal Representative of Person-in-charge of Person-in-charge of the the Company: accounting affairs: accounting department: Wei Jian Jun Li Feng Zhen Ji Wen Jun 18
Consolidated Income Statement January to September 2015 Prepared by: Great Wall Motor Company Limited Unit: RMB Currency: RMB Audit status: Unaudited Item For the Current Period (July to For the period last year (July to the year to the end of the Reporting Period last year to the end of the reporting period last year 1. Total revenue 15,510,920,693.47 14,059,272,238.58 52,655,696,932.00 42,586,645,579.77 Including: Operating income 15,488,752,715.44 14,058,515,936.50 52,604,098,911.74 42,585,889,277.69 Interest income 22,072,930.46 756,302.08 51,487,828.18 756,302.08 Premiums earned Handling charges and commission income 95,047.57 110,192.08 2. Total operating costs 13,852,244,152.45 12,051,492,130.05 45,426,248,743.37 35,881,393,391.76 Including: Operating costs 11,704,827,247.98 10,166,988,049.66 38,833,817,371.76 30,546,943,101.04 Interest expenses 2,774,275.00 2,774,275.00 Handling charges and commission expenses Payments on surrender Net claim expenses Net provision for insurance contract reserves Policyholder dividend expenses Reinsurance costs Business tax and surcharges 665,051,450.33 523,318,050.58 1,987,718,239.27 1,508,369,982.49 Selling expenses 604,289,974.40 461,009,869.34 1,796,972,223.81 1,367,072,557.18 Administration expenses 855,878,747.22 898,554,189.25 2,512,645,637.88 2,503,259,304.06 Finance costs 11,951,516.54 687,911.20 230,482,226.50-45,430,832.69 Asset impairment loss 7,470,940.98 934,060.02 61,838,769.15 1,179,279.68 Add: Gains from changes in fair value (losses are indicated with - ) 15,458,492.00-214,440.00 10,062,973.14 Investment gains (losses are indicated with - ) 24,800,187.87 5,597,230.82 68,335,646.63 12,291,038.16 Including: Gains from investment in associated companies and joint ventures 204,560.60 2,050,080.14 6,631,492.35 5,762,621.73 Exchange gains (losses are indicated with - ) 19
Item For the Current Period (July to For the period last year (July to the year to the end of the Reporting Period last year to the end of the reporting period last year 3. Operating profit (losses are indicated with - ) 1,683,476,728.89 2,028,835,831.35 7,297,569,395.26 6,727,606,199.31 Add: Non-operating income 171,994,794.29 35,433,362.14 292,236,291.17 121,170,657.10 Including: Gains from disposal of non-current assets 488,726.83 929,685.23 1,192,339.66 1,794,795.86 Less: Non-operating expenses 21,471,794.30 18,592,902.77 38,290,130.98 36,585,590.91 Including: Losses from disposal of non-current assets 20,337,043.66 12,646,011.11 30,635,143.22 19,579,491.50 4. Total profits (total losses are indicated with - ) 1,833,999,728.88 2,045,676,290.72 7,551,515,555.45 6,812,191,265.50 Less: Income tax expenses 341,846,897.88 414,273,642.24 1,342,055,184.91 1,226,588,612.28 5. Net profits (net losses are indicated with - ) 1,492,152,831.00 1,631,402,648.48 6,209,460,370.54 5,585,602,653.22 Net profit attributable to owners of the parent company 1,491,528,330.41 1,631,934,126.40 6,208,581,115.01 5,586,247,869.89 Profit and loss of minority shareholders 624,500.59-531,477.92 879,255.53-645,216.67 6. Net other comprehensive income after taxes -25,338,433.02-23,640,220.38-22,894,144.99-20,583,764.08 Net other comprehensive income attributable to owners of the parent company after taxes -25,338,433.02-23,640,220.38-22,894,144.99-20,583,764.08 I Items that may not be reclassified subsequently to profit or loss (1) Changes in net liabilities or net assets arising from the re-measurement of defined benefit plans (2) Shares of other comprehensive income of investees that may not be reclassified to profit or loss under the equity method II Items that may be subsequently reclassified to profit or loss -25,338,433.02-23,640,220.38-22,894,144.99-20,583,764.08 (1) Shares of other comprehensive income of investees that may be reclassified to profit or loss under the equity method subsequently (2) Gains or losses from changes in fair value of available-for-sale financial assets 20
Item For the Current Period (July to For the period last year (July to the year to the end of the Reporting Period last year to the end of the reporting period last year (3) Gains or losses from reclassifying held-to-maturity investments to available-for-sale financial assets (4) Effective portion of cash flow adjusted for hedging gains or losses (5) Exchange differences from retranslation of financial statements -25,338,433.02-23,640,220.38-22,894,144.99-20,583,764.08 (6) Others Net other comprehensive income attributable to minority interests after taxes 7. Total comprehensive income 1,466,814,397.98 1,607,762,428.10 6,186,566,225.55 5,565,018,889.14 Total comprehensive income attributable to owners of the parent company 1,466,189,897.39 1,608,293,906.02 6,185,686,970.02 5,565,664,105.81 Total comprehensive income attributable to minority shareholders 624,500.59-531,477.92 879,255.53-645,216.67 8. Earnings per share: I Basic earnings per share (RMB per share) 0.4902 0.5364 2.0407 1.8361 II Diluted earnings per share (RMB per share) Legal Representative of Person-in-charge of Person-in-charge of the the Company: accounting affairs: accounting department: Wei Jian Jun Li Feng Zhen Ji Wen Jun 21
Income Statement of the Parent Company January to September 2015 Prepared by: Great Wall Motor Company Limited Unit: RMB Currency: RMB Audit status: Unaudited Item For the Current Period (July to For the period last year (July to the year to the end of the Reporting Period last year to the end of the reporting period last year 1. Total revenue 16,224,417,196.24 13,750,785,771.90 51,357,177,709.61 40,789,551,277.66 Less: Operating cost 13,327,718,393.47 10,834,129,548.81 41,329,409,701.84 31,794,039,852.27 Business tax and surcharges 637,041,882.70 498,549,056.04 1,903,357,025.70 1,444,701,008.03 Selling expenses 166,831,084.10 158,179,663.74 491,405,042.04 462,629,452.82 Administration expenses 750,895,651.89 782,709,913.57 2,190,583,357.37 2,180,715,458.03 Finance costs 15,597,193.38 21,494,062.50 252,748,550.14-14,154,635.41 Asset impairment loss -862,239.86 256,143.35 45,556,382.10 7,214,184.97 Add: Gains from changes in fair value (losses are indicated with - ) 15,458,492.00-214,440.00 10,062,973.14 Investment gains (losses are indicated with - ) 154,517,303.84 2,964,958.69 2,075,066,111.67 1,770,943,797.59 Including: Gains from investment in associated companies and joint ventures 80,657.27 1,031,808.01 3,308,704.73 2,916,021.37 2. Operating profit (losses are indicated with - ) 1,481,712,534.40 1,473,890,834.58 7,218,969,322.09 6,695,412,727.68 Add: Non-operating income 101,580,779.73 19,133,951.86 180,246,047.59 83,744,541.49 Including: Gains from disposal of non-current assets 346,540.13 430,578.13 662,336.46 547,904.24 Less: Non-operating expenses 17,191,875.36 16,473,150.32 27,330,483.41 31,145,521.14 Including: Losses from disposal of non-current assets 16,772,609.02 12,109,464.92 22,837,905.54 17,592,098.09 3. Total profits (total losses are indicated with - ) 1,566,101,438.77 1,476,551,636.12 7,371,884,886.27 6,748,011,748.03 Less: Income tax expenses 232,953,530.92 268,315,307.03 775,472,916.51 754,663,554.58 4. Net profits (net losses are indicated with - ) 1,333,147,907.85 1,208,236,329.09 6,596,411,969.76 5,993,348,193.45 5. Net other comprehensive income after taxes I Items that may not be reclassified subsequently to profit or loss (1) Changes in net liabilities or net assets arising from the re-measurement of defined benefit plans 22
Item For the Current Period (July to For the period last year (July to the year to the end of the Reporting Period last year to the end of the reporting period last year (2) Shares of other comprehensive income of investees that may not be reclassified to profit or loss under the equity method II Items that may be subsequently reclassified to profit or loss (1) Shares of other comprehensive income of investees that may be reclassified to profit or loss under the equity method subsequently (2) Gains or losses from changes in fair value of available-for-sale financial assets (3) Gains or losses from reclassifying held-to-maturity investments to available-for-sale financial assets (4) Effective portion of cash flow adjusted for hedging gains or losses (5) Exchange differences from retranslation of financial statements (6) Others 6. Total comprehensive income 1,333,147,907.85 1,208,236,329.09 6,596,411,969.76 5,993,348,193.45 7. Earnings per share: I Basic earnings per share (RMB per share) II Diluted earnings per share (RMB per share) Legal Representative of Person-in-charge of Person-in-charge of the the Company: accounting affairs: accounting department: Wei Jian Jun Li Feng Zhen Ji Wen Jun 23
Consolidated Cash Flow Statement January to September 2015 Prepared by: Great Wall Motor Company Limited Unit: RMB Currency: RMB Audit status: Unaudited Item the year to the end of the Reporting Period (January to last year to the end of the reporting period last year 1. Cash flow from operating activities: Cash received from the sale of products and provision of services 63,574,422,314.39 50,463,193,146.96 Net increase in deposits from customers and placements from bank and other financial institutions Net increase in borrowings from central bank Net increase in placements from other financial institutions 300,000,000.00 Cash received from premiums of original insurance contracts Net cash received from reinsurance operations Net increase in policyholders deposits and investments Net increase in the disposal of financial assets at fair value through profit or loss Cash received from interest, handling charges and commission 52,415,464.91 21,414.53 Net increase in placements from banks and other financial institutions Net increase in capital for repurchase Tax rebate received 48,860,807.00 27,464,216.98 Cash received from other operating activities 248,613,192.35 184,569,411.71 Cash inflow from operating activities subtotal 64,224,311,778.65 50,675,248,190.18 24
Item the year to the end of the Reporting Period (January to last year to the end of the reporting period last year Cash paid for goods purchased and service rendered 41,387,136,561.36 33,874,090,885.59 Net increase in loans and advances to customers 617,531,270.45 13,285,883.75 Net increase in placements with central bank and other financial institutions Cash paid for claims on original insurance policies Cash paid for interest, handling charges and commission Cash paid for policyholders dividend Cash paid to and for employees 4,503,024,841.00 3,851,356,628.15 Taxes paid 5,621,769,190.75 4,466,730,439.52 Cash paid for other operating activities 2,069,107,649.31 1,865,434,792.38 Cash outflow from operating activities subtotal 54,198,569,512.87 44,070,898,629.39 Net cash flow from operating activities 10,025,742,265.78 6,604,349,560.79 2. Cash flow from investing activities: Cash received from redemption of investments 8,788,000,000.00 1,842,000,000.00 Cash received from investment gains 59,033,355.04 6,528,416.43 Net cash received from disposal of fixed assets, intangible assets and other long-term assets 4,177,735.46 6,302,042.47 Net cash received from disposal of subsidiaries and other business units 172,889,500.20 Cash received from other investing activities 102,000,000.00 131,460.00 Cash inflow from investing activities subtotal 9,126,100,590.70 1,854,961,918.90 25
Item the year to the end of the Reporting Period (January to last year to the end of the reporting period last year Cash paid for acquisition and installation of fixed assets, intangible assets and other long-term assets 4,128,003,184.58 5,241,852,718.69 Cash paid for investments 11,227,004,000.00 1,842,000,000.00 Net increase in pledged loans Net cash paid for acquisition of subsidiaries and other business units 22,820,655.84 Cash paid for other investing activities Cash outflow from investing activities subtotal 15,377,827,840.42 7,083,852,718.69 Net cash flow from investing activities -6,251,727,249.72-5,228,890,799.79 3. Cash flow from financing activities: Cash received from investments 55,000,000.00 Including: Cash received by subsidiaries from minority shareholders investments Cash received from borrowings 743,000,222.30 764,370,545.56 Cash received from issuance of debentures Cash received from other financing activities 207,350,382.38 Cash inflow from financing activities subtotal 743,000,222.30 1,026,720,927.94 Cash paid for debt repayment 182,198,866.04 Cash paid for dividend, profit distribution or interest payments 2,434,110,662.18 2,494,721,608.21 Including: Dividend and profit paid to minority shareholders by subsidiaries 156,709.77 17,412.20 Cash paid for other financing activities 1,010,988,254.22 Cash outflow from financing activities subtotal 3,445,098,916.40 2,676,920,474.25 Net cash flow from financing activities -2,702,098,694.10-1,650,199,546.31 26
Item the year to the end of the Reporting Period (January to last year to the end of the reporting period last year 4. Effects of changes in exchange rates on cash and cash equivalents -18,576,500.67-8,942,525.58 5. Net increase in cash and cash equivalents 1,053,339,821.29-283,683,310.89 Add: Balance of cash and cash equivalents at the period 3,081,531,924.78 5,522,642,764.49 6. Balance of cash and cash equivalents at the end of the period 4,134,871,746.07 5,238,959,453.60 Legal Representative of Person-in-charge of Person-in-charge of the the Company: accounting affairs: accounting department: Wei Jian Jun Li Feng Zhen Ji Wen Jun 27
Cash Flow Statement of the Parent Company January to September 2015 Prepared by: Great Wall Motor Company Limited Unit: RMB Currency: RMB Audit status: Unaudited Item the year to the end of the Reporting Period last year to the end of the reporting period last year 1. Cash flow from operating activities: Cash received from the sale of products and provision of services 60,704,960,437.51 47,615,415,513.54 Tax rebate received 8,244,956.74 8,504,906.61 Cash received from other operating activities 155,101,096.18 112,962,517.71 Cash inflow from operating activities subtotal 60,868,306,490.43 47,736,882,937.86 Cash paid for goods purchased and service rendered 43,278,781,125.90 35,088,876,758.32 Cash paid to and for employees 3,314,067,164.12 2,750,586,935.06 Taxes paid 4,161,656,083.42 3,414,230,366.18 Cash paid for other operating activities 1,335,307,451.46 1,257,263,089.28 Cash outflow from operating activities subtotal 52,089,811,824.90 42,510,957,148.84 Net cash flow from operating activities 8,778,494,665.53 5,225,925,789.02 28
Item the year to the end of the Reporting Period last year to the end of the reporting period last year 2. Cash flow from investing activities: Cash received from redemption of investments 7,989,088,700.00 700,000,000.00 Cash received from investment gains 1,380,034,339.35 1,314,363,676.23 Net cash received from disposal of fixed assets, intangible assets and other long-term assets 6,447,554.13 4,754,844.64 Net cash received from disposal of subsidiaries and other business units Cash received from other investing activities 102,000,000.00 131,460.00 Cash inflow from investing activities subtotal 9,477,570,593.48 2,019,249,980.87 Cash paid for acquisition and installation of fixed assets, intangible assets and other long-term assets 3,919,779,721.98 4,687,815,694.13 Cash paid for investments 10,298,377,780.00 1,173,209,100.00 Net cash paid for acquisition of subsidiaries and other business units 165,000,000.00 Cash paid for other investing activities Cash outflow from investing activities subtotal 14,218,157,501.98 6,026,024,794.13 Net cash flow from investing activities -4,740,586,908.50-4,006,774,813.26 29
Item the year to the end of the Reporting Period last year to the end of the reporting period last year 3. Cash flow from financing activities: Cash received from investments Cash received from borrowings 743,000,222.30 764,370,545.56 Cash received from other financing activities Cash inflow from financing activities subtotal 743,000,222.30 764,370,545.56 Cash paid for debt repayment 182,198,866.04 Cash paid for dividend, profit distribution or interest payments 2,433,953,952.41 2,494,704,196.01 Cash paid for other financing activities 943,635,550.04 613,687,897.05 Cash outflow from financing activities subtotal 3,377,589,502.45 3,290,590,959.10 Net cash flow from financing activities -2,634,589,280.15-2,526,220,413.54 30
Item the year to the end of the Reporting Period last year to the end of the reporting period last year 4. Effect of changes in exchange rate on cash and cash equivalents -5,176,325.00-188,784.52 5. Net increase in cash and cash equivalents 1,398,142,151.88-1,307,258,222.30 Add: Balance of cash and cash equivalents at the period 926,209,380.56 4,074,446,337.47 6. Balance of cash and cash equivalents at the end of the period 2,324,351,532.44 2,767,188,115.17 Legal Representative of Person-in-charge of Person-in-charge of the the Company: accounting affairs: accounting department: Wei Jian Jun Li Feng Zhen Ji Wen Jun Baoding, Hebei Province, the PRC, 23 October 2015 As at the date of this announcement, members of the Board comprise: By order of the Board Great Wall Motor Company Limited Xu Hui Company Secretary Executive Directors: Mr. Wei Jian Jun, Mr. Liu Ping Fu, Ms. Wang Feng Ying, Mr. Hu Ke Gang and Ms. Yang Zhi Juan. Non-executive Directors: Mr. He Ping and Mr. Niu Jun. Independent Non-executive Directors: Mr. Wong Chi Hung, Stanley, Mr. Lu Chuang, Mr. Liang Shang Shang and Mr. Ma Li Hui. * For identification purpose only 31