1、Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report August 2022Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 1 Chapter 1 Important Notice,Contents,and Definitions 1.The Board of Directors(or

2、the“Board”),the Supervisory Board as well as the directors,supervisors and senior managers of Chongqing Changan Automobile Co.,Ltd.hereby guarantee the factuality,accuracy and completeness of the contents of this Report and its summary,and shall be jointly and severally liable for any misrepresentat

3、ions,misleading statements or material omissions therein.2.Zhu Huarong,the Companys legal representative,Zhang Deyong,the Companys Chief Financial Officer and Chen Jianfeng,the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in this Report are factual,

4、accurate and complete.3.All the directors have attended the board meeting for reviewing this Report.4.Any prospective description such as future business plans and development strategies in this Report shall not be considered as the Companys commitment to investors.Investors and relevant persons sha

5、ll be sufficiently mindful of risks,and undertake the difference in plans,predictions and commitment.5.Section III“Management Discussion and Analysis”of this Report describes the possible risks and countermeasures of the Company,and investors shall pay attention to the relevant content.6.For the fir

6、st half of 2022,the Company has no plans of cash dividend,no bonus shares and no share converted from capital reserve.This Report has been prepared in both Chinese and English.Should there be any discrepancies or misunderstandings between the two versions,the Chinese version shall prevail.Chongqing

7、Changan Automobile Company Limited 2022 Semi-Annual Report 2 CONTENTS Chapter 1 Important Notice,Contents,and Definitions.1 Chapter 2 Company Profile and Main Financial Indexes.4 Chapter 3 Management Discussion and Analysis.7 Chapter 4 Corporate Governance.23 Chapter 5 Environment and social respons

8、ibility.26 Chapter 6 Important Matters.37 Chapter 7 Changes in the Shareholding of the Company and Shareholders.42 Chapter 8 Preferred Shares.49 Chapter 9 Bonds.50 Chapter 10 The Financial Statements.51 Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 3 Documents Available for Re

9、ference I.Financial statements carrying the signatures and seals of the Companys legal representative,the Chief Financial Officer,and the person-in-charge of the accounting organ.During the reporting period,the original copies of all company documents and announcements publicly disclosed by the Comp

10、any in China Securities Journal,Securities Times,Securities Daily,Shanghai Securities News,and Hong Kong Commercial Daily.Definitions Items Definitions Changan Auto,Changan Automobile,the Company Refers to Chongqing Changan Automobile Co.,Ltd.CSG Refers to China South Industries Group Corporation,th

11、e Companys actual controller China Changan Refers to China Changan Automobile Group Co.,Ltd.,formerly known as China South Industries Automobile Co.,Ltd.,a subsidiary company of CSG Changan Industry Refers to Chongqing Changan Industry(Group)Co.,Ltd.,formerly known as Changan Automobile(Group)Co.,Lt

12、d.,a subsidiary company of CSG Nanjing Changan Refers to Nanjing Changan Automobile Co.,Ltd.,a subsidiary company of the Company Hebei Changan Refers to Hebei Changan Automobile Co.,Ltd.,a subsidiary company of the Company Hefei Changan Refers to Hefei Changan Automobile Co.,Ltd.,a subsidiary compan

13、y of the Company Changan Bus Refers to Baoding Changan Bus Co.,Ltd.,a subsidiary company of the Company CIC Refers to Chongqing Changan Automobile International Sale Service Co.,Ltd.,a subsidiary company of the Company Changan Ford Refers to Changan Ford Automobile Co.,Ltd.,a JV of the Company Chang

14、an Mazda Refers to Changan Mazda Automobile Co.,Ltd.,a JV of the Company CME Refers to Changan Mazda Engine Co.,Ltd.,a JV of the Company Jiangling Holding Refers to Jiangling Holding Co.,Ltd.,an associate of the Company Changan Finance Refers to Changan Automobile Financing Co.,Ltd.,an associate of

15、the Company CSG Finance Refers to China South Industries Group Finance Co.,Ltd.,a subsidiary company of South Industries UPI Refers to United Prosperity Investment Co.,Ltd.,a subsidiary company of China Changan AVATR Refers to AVATR.Co.,Ltd,an associate of the Company Chongqing Changan Automobile Co

16、mpany Limited 2022 Semi-Annual Report 4 Chapter 2 Company Profile and Main Financial Indexes I.Basic Information Stock abbreviation Changan Automobile,Changan B Stock Code 000625、200625 Listed on Shenzhen Stock Exchange Company in Chinese name 重庆长安汽车股份有限公司 Company abbreviation in Chinese name 长安汽车 C

17、ompany name in English Chongqing Changan Automobile Co.,Ltd.Legal representative Zhu Huarong II.Contact Information Secretary of the Board of Directors Securities affairs representative Name Zhang Deyong,Li Jun Contact address Building T2,No.2,Financial City,No.61 Dongshengmen Road,Jiangbei District

18、,Chongqing TEL FAX E-mail address III.Others 1.Contact information Whether registration address,office address and its post code as well as website and email of the Company changed in the reporting period or not Applicable Not applicable The registration address,office addr

19、ess and post code as well as website and email of the Company did not change in the reporting period.See more details in Annual Report 2021.2.Information disclosure and preparation place Whether information disclosure and preparation place changed in reporting period or not Chongqing Changan Automob

20、ile Company Limited 2022 Semi-Annual Report 5 Applicable Not applicable The newspaper appointed for information disclosure,the website for the publishment of the semi-annual report appointed by CSRC and the preparation place for semi-annual report did not change in the reporting period.See more deta

21、ils in Annual Report 2021.3.Other relevant information Whether other relevant information changed in the reporting period or not Applicable Not applicable IV.Key Accounting Data and Financial Indexes Does the Company need to retrospectively adjust or restate the accounting data of previous years?Yes

22、 No The reporting period The same period of last year YoY change(%)Operating revenue(RMB)56,573,568,393.71 56,784,631,899.07-0.37%Net profit attributable to shareholders of the Company(RMB)5,857,626,135.78 1,729,245,208.60 238.74%Net profit after deduction of non-recurring gains or losses attributab

23、le to shareholders of the Company(RMB)3,100,113,819.34 739,756,972.08 319.07%Net cash flow from operating activities(RMB)5,852,236,420.20 17,698,826,870.37-66.93%Basic earnings per share(RMB/share)0.60 0.17 252.94%Diluted earnings per share(RMB/share)0.59 0.17 247.06%Weighted average ROE(%)10.06%3.2

24、2%6.84%30 June 2022 31 December 2021 YoY change(%)Total assets(RMB)138,812,360,580.91 135,404,623,479.63 2.52%Net assets attributable to shareholders of the Company(RMB)60,688,859,608.34 55,732,932,103.72 8.89%V.The Differences between Chinese Accounting Standards and International Financial Reporti

25、ng Standards 1.Differences in net profit and net asset attributable to shareholders in financial report disclosed in accordance with International Financial Reporting Standards and Chinese Accounting Standards.Applicable Not applicable No difference during the reporting period.2.Differences of net p

26、rofit and net assets disclosed in financial reports prepared under Overseas Financial Reporting Standards and Chinese Accounting Standards.Applicable Not applicable Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 6 No difference during the reporting period.3.Reasons for differen

27、ces in accounting data under Chinese Accounting Standards and International Financial Reporting Standards.Applicable Not applicable VI.Items and Amounts of Non-Recurring Gains and Losses Applicable Not applicable Unit:RMB Item Amount Illustration Non-recurring items and amounts(including accrued rev

28、ersal assets impairment part)68,244,082.28 Government subsidies included in the profit and loss of the current period(Except closely related to business operations,in accordance with the national unified standard quota or quantitative enjoyment of government subsidies)525,001,514.96 Capital occupati

29、on fees charged to non-financial enterprises included in the current profit and loss 12,993,036.40 In addition to the effective hedging business related to the normal business of the company,the gains and losses from changes in fair value arising from the holding of trading financial assets,derivati

30、ve financial assets,trading financial liabilities,derivative financial liabilities,and disposal of transactional financial assets,derivative finance Investment income from assets,trading financial liabilities,derivative financial liabilities and other debt investments 26,136,888.77 The subsidiary AV

31、ATR.Co.,Ltd.introduced investors to increase capital.Based on the evaluation results with March 11,2022 as the evaluation base date,the income from the statement was confirmed.For details,please refer to the information disclosed on the(http:/)Gains on fair value remeasurement of remaining equity af

32、ter loss of control 2,128,305,938.85 Other non-operating income and expenses other than the above items 49,496,422.28 Subtract:Influenced amount of income tax 37,348,447.66 Influenced amount of miniority shareholders equity(after tax)15,317,119.44 Total 2,757,512,316.44-Explanation of why the Compan

33、y reclassifies recurrent gain/loss as an Extraordinary gain/loss item listed in the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the PublicExtraordinary Gain/Loss Items Applicable Not applicable No such cases for the reporting period.Chongqing Ch

34、angan Automobile Company Limited 2022 Semi-Annual Report 7 Chapter 3 Management Discussion and Analysis I.The main business of the Company in the reporting period 1.Business overview As an automobile manufacturer,Changan Automobiles businesses cover the R&D,manufacturing,and sales of vehicles(includ

35、ing passenger vehicles and commercial vehicles),as well as the R&D and production of engines.At the same time,we proactively develop new businesses such as mobility,car services,new marketing and sales,and battery swapping,and steps up efforts in exploring finance,used cars and other fields to build

36、 a comprehensive industrial ecology and become an intelligent,and low-carbon mobility technology company.With“Leading Auto Culture for Better Life”as our mission,we make efforts to develop NEVs and intelligent vehicles while adhering to the philosophy of“low-carbon and environmental protection,techn

37、ology and intelligence”.By leading auto culture through scientific innovation,we strive to provide customers with high-quality products and services.We have homegrown brands such as Changan,Changan Shenlan,AVATR,Oshan,and Kaicene,and joint venture brands such as Changan Ford and Changan Mazda to pro

38、duce and sell joint venture brand vehicles.We launched many iconic homegrown brands models including the CS series,Eado series,UNI series,Oshan series and Shenqi.Meanwhile,Changan Automobile rolls out new energy vehicles such as BenBen E-star Lumin and Shenlan SL03;the joint venture companies have m

39、any famous products such as the all-new Focus,Escape,Explorer,Corsair,Aviator,Zephyr,Axela,CX-5 and CX-30 that are well received among consumers.Our operation attaches“equal importance to homegrown and joint venture brands”.We make determined efforts in developing iconic homegrown brands,with Changa

40、n,Changan Shenlan,AVATR,Oshan,and Kaicene brands as independent entities.For Changan Ford,Changan Mazda and other joint ventures,we adopt investment management and control and continue to deepen mutual trust and cooperation with partners.2.Industry situation In the first half of 2022,in the face of

41、pandemic resurgence,industry chain cycle disruption,sharp decline in demand and other unfavorable factors,the automotive industry struggled to overcome the risks and pull businesses back on track.The NEV market continued to maintain high-speed growth among other markets,and Chinese brands embraced t

42、his opportunity to expand their market share significantly compared to the last reporting period.Industry specifics are as follows:In the first half of 2022,the automotive industry achieved a cumulative production and sales of 12.117 million units and 12.057 million units,down 3.7%and 6.6%YoY respec

43、tively.The overall sales is in a“V”shape trend.The YoY growth rate of sales turned from positive to negative and continued to decline since the outbreak in Shanghai and other places in March.After bottoming out in April,with the pandemic slowing down and the realization of a series of national and l

44、ocal relief policies in May-June,the industry growth rate gradually recovered until it turned positive in June.Passenger car sales in the first half of the year totaled 10.355 million units,up 3.4%YoY,achieving counter-trend growth.The NEV market is hot with production and sales hitting new record h

45、ighs.In the first half of 2022,NEV production and sales completed 2.661 million and 2.6 million units respectively,both up nearly 120%YoY.And within the Chinese brand passenger cars,the share of NEV reached 39.9%,an increase of 100%YoY.Chinese brands seized the NEV growth opportunity and significant

46、ly increased their market share,effectively compensating for the drop in volume caused by the sharp decline in the traditional power market.In the first half of 2022,the market share of Chinese brand passenger car reached 47.3%,an increase of 5.8 percentage points YoY.(The above data/information is

47、collected from“China Automotive Industry Production and Sales Express”published by China Association of Automobile Manufacturers and its industry information release)3.Company market performance In the first half of 2022,under the guidance of Xi Jinpings thought of socialism with Chinese characteris

48、tics in the new era,Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 8 Changan Automobile adhered to the principle of stability first and progress in the midst of stability.The company solidly promoted the third start-up plan,the innovation and entrepreneurship plan,and actively

49、responded to the triple pressure of demand contraction,supply shock and weak expectations.The company has been actively focusing on strategy execution,supply chain stabilization,new energy and intelligent industrial development,and firmly promoting transformation and upgrading with high-quality deve

50、lopment.In the face of unfavorable factors such as shortage of spare parts and materials and recurring pandemic,we maintained production and supply while carried out pandemic prevention efforts firmly,we took active countermeasures to prevent and resolve operation risks,and did our best to minimize

51、the impact of the above unfavorable factors on production and operation.Under the circumstances of restricted production supplies and local Covid outbreak,the company achieved sales of 1.126 million units in the first half of the year,0.3 percentage points better than the industry;among them,the com

52、panys sales of NEV products reached 90,000 units,an increase of over 140%YoY,with a growth rate 26.3%faster than the NEV industry.During the reporting period,Changan Automobile strived to overcome the challenges of chip and battery shortage,pandemic disturbance and other risks,and coordinated the ef

53、forts of R&D,sales and other sectors to cope with the supply impact.The company implemented precise sales demand and production plans,optimized resource allocation for high-value products,and did everything possible to meet market demand.By insisting on independent innovation,our product lineup move

54、s upward,with seven new and updated products such as the second generation CS75PLUS,UNI-K iDD,UNI-V,Oshan Z6 and Changan Lumin launched in the first half of the year.The company continues to lift the brand upward,accelerating the transformation to intelligent and new energy,launching the Blue Core i

55、DD hybrid power system,and the first model with UNI-K iDD was well received by users when it was launched;officially launched the new digital electric brand Changan Shenlan,and released its first model Shenlan SL03 for pre-sale,which accelerated the market share expanding of the mainstream electric

56、vehicle market;by joining hands with Huawei and CATL,we created CHN,the worlds leading platform for electric vehicles,and AVATR 11 and its limited edition made their official debut.With innovative ideas we built the cloud-network-platform-scenes business model,which accelerated the renewal of market

57、ing models.With the electric products launched in the first half of the year,the Lumin project piloted the new model of intelligent marketing through the integration of online and offline sales to achieve the ultimate experience with the best cost,efficient and agility.We continued to lead scientifi

58、c and technological innovations by breaking through core technologies of new energy and intelligence,and accelerated the mass production of innovative technology.In summary,in the first half of the year,Changan Automobile actively responded to internal and external challenges,and overall the product

59、ion and operation remained stable.The quality of operation was steadily improved,strategic transformation was solidly promoted,and positive results were achieved in corporate development.II.Core Competence Analysis In 2022,Changan Automobile will focus on building technological strength,adhere to th

60、e general idea of stability,focus,sharing and innovation,and make every effort to build Changan into a world-class brand with firmer transformation,more solid foundation,more innovative mode and more extreme efficiency.The following core competitiveness is formed.1.Product definition capability.The

61、company is customer experience oriented to continuously update the product definition model,and further improves the match between products and user needs.We continuously update the product-market equation,for fuel and electrified products,life cycle and competitive object assumptions are further im

62、proved,personalized configuration and car software and other attractions are further strengthened;for new automotive products,by reviewing the user operation segment and resource matching segment,the product is transforming into a whole life cycle user experience.In the first half of the year,the co

63、mpany launched seven new and updated products,which were well received by the market.In the second half of the year,a number of electrified products will be launched to continuously improve the product lineup.2.R&D capability.The company insists on innovation-oriented development and continues to in

64、crease investment in science and technology innovation.The R&D capabilities are continuously improved and core technologies are mastered.In the new energy field,the Changan seven-in-one intelligent core and all-in-one electric drive were developed independently,and have achieved mass production and

65、small batch trial production respectively.The generalization rate of specialized electrified platform has increased to Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 9 86%.In the field of intelligence,we achieved a breakthrough in the technology of intelligent parking system,an

66、d UNI-V won the“Intelligent Parking Gold Award”in the 2022 WIDC World Intelligent Driving Challenge;pilot intelligent driving assistance function completed real vehicle operation,which indicates the intelligent driving technology took a key step towards mass production and application;pioneered the

67、development of three international standards for intelligent network linkage;awarded“Outstanding Enterprise of Chinas Intelligent and Connected Automobile”by the China Intelligent and Connected Vehicle Industry Development Almanac.As of June 2022,we had 7,256 domestic and foreign patents,including 1

68、,953 invention patents.3.Brand operation capability.The company insists on strengthening brand value management.By further deepening the brand label of“intelligent”and“electrified”and improving the brands customer satisfaction,the brand image is moving upward.In terms of brand value management,the b

69、rand promotion projects such as“With You”and“2060 Leading the Future”have been awarded the“2021 Example Branding Cases of State-owned Enterprises”and“IAI Advertising Award”by the State-owned Assets Supervision and Administration Commission of the State Council.In terms of deepening the brand label o

70、f“intelligent”and“electrified”,the company released the new digital electrified brand-Changan Shenlan,to fully demonstrate the achievements of the Mission Shangri-La and consolidated the image of“intelligent and low-carbon mobility technology company”;in terms of customer satisfaction,in the first h

71、alf of 2022 customer satisfaction(SSI/CSI,i.e.sales/service satisfaction index)exceeded 99%.In addition,the company won the second place in J.D.Powers 2022 China Auto Sales and Service Satisfaction Ranking,and the industry ranking rose for five consecutive years.The brand IP of“high quality service

72、provider was gradually established.4.Cultural leadership.The company insists on improving the culture environment,the concept of“leading culture”is upgraded,and employees sense of access and happiness are enhanced.The company established the Changan Automobile employees demands management methods”to

73、 promote the satisfiction of employees need.The company also carried out a series of activities to tell Changans story,spread Changans voice and inherit Changans culture by focusing on the main line of“Vibrant Changan”and the campaign of 160th anniversary of Changan.The atmosphere of“Leading Culture

74、 Wolf Changan”has become stronger.5.Mechanism and efficiency capacity.The company insists on improving the organization mechanism,replenishing the talent team and optimizing the incentive scheme to inject new vitality into the transformation and development.We have established a“smile curve”manageme

75、nt logic,formed a matrix and flat management model,and built organizational capabilities to support the realization of new automotive products;continued to introduce cutting-edge talents in the fields of intelligence,software and modeling externally,and promoted the transformation of talents in the

76、fields of intelligent network,“three-electric”and new platform internally.The company also promotes the tenure system and contract management to further enhance the vitality of cadres and stimulate the motivation of managing officers;improves the incentive“team leader”mechanism to help tackle import

77、ant and difficult technical projects;implements the equity incentive plan to further stimulate the vitality and motivation of employees and promote the achievement of strategic tasks;carries out the follow-up mechanism of product projects in depth,and the core personnel of the whole value chain of t

78、he project are closely bound to the successful implementation of the product;the construction of a comprehensive honor system to stimulate a greater sense of mission,achievement and striving with spiritual incentives;the deferred bonus incentive policy has been increased again,and the enthusiasm of

79、the staff is greatly strengthened.III.Analysis of Main Business Overview Whether it is the same as the companys main business disclosure during the reporting period Yes No Please refer to the relevant content of I.The main business of the Company in the reporting period in chapter 3 of this report.C

80、hongqing Changan Automobile Company Limited 2022 Semi-Annual Report 10 Y-o-y changes in key financial data Unit:RMB The reporting period The same period of last year YoY change(%)Reasons for changes Operating revenue 56,573,568,393.71 56,784,631,899.07-0.37%Operating cost 45,360,090,482.20 48,086,67

81、7,229.21-5.67%Sales expense 2,285,329,821.77 2,146,115,312.19 6.49%General and administrative expenses 2,184,034,305.10 2,217,147,044.50-1.49%Financial expenses -437,998,348.99 -233,776,490.65-87.36%Mainly due to the increase in interest income.Income tax expense -103,280,125.74 59,373,446.09-273.95

82、%Mainly due to the increase in the recognized deferred tax assets.R&D expenses 1,932,294,144.67 1,495,583,362.16 29.20%Subtotal of cash inflow from operating activities 5,852,236,420.20 17,698,826,870.37-66.93%Mainly due to the year-on-year increase in the acceptance and payment of the current notes

83、 payable due and the year-on-year decrease in the due collection of the notes receivable Subtotal of cash inflow from investment activities -2,383,212,310.03 -665,883,342.87-257.90%Mainly due to increased investment in associates.Net cash flow from financing activities -2,013,951,932.20 -1,415,888,6

84、92.05-42.24%Mainly due to the receipt of equity incentive payments in the last reporting period.Net increase in cash and cash equivalents 1,514,350,653.16 15,613,435,542.38-90.30%Mainly due to the decrease in net cash flow from operating activities and net cash flow from investing activities Investm

85、ent income 2,354,040,073.27 327,872,465.08 617.97%Mainly because the company lost control over AVATR,and the remaining equity was remeasured at fair value Major changes on profit composition or profit resources in reporting period Applicable Not applicable During the reporting period,the companys pr

86、ofit was greatly affected by non-recurring gains and losses.For details,please refer to VI.Items and Amounts of Non-Recurring Gains and Losses in Chapter 2 of this report.Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 11 Composition of the operating revenue The reporting period

87、 The same period of last year YoY increase/decrease(%)Amount(RMB)Proportion of operating revenue（%）Amount(RMB)Proportion of operating revenue(%)Operating revenue 56,573,568,393.71 100%56,784,631,899.07 100%-0.37%By industry Automotive business 56,573,568,393.71 100%56,784,631,899.07 100%-0.37%By pro

88、duct Vehicles 53,462,409,290.12 94.50%54,067,846,898.72 95.22%-1.12%Services and others 3,111,159,103.59 5.50%2,716,785,000.35 4.78%14.52%By region China 49,995,769,261.71 88.37%52,728,042,749.91 92.86%-5.18%Overseas 6,577,799,132.00 11.63%4,056,589,149.16 7.14%62.15%The business,products and region

89、s accounting for over 10%of the Companys operating revenue or operating profit Applicable Not applicable Operating Revenue(RMB)Operating Cost(RMB)Gross margin(%)YoY increase/decrease of operating income(%)YoY increase/decrease of operating cost(%)YoY increase/decrease of gross margin(%)By business A

90、utomotive business 56,573,568,393.71 45,360,090,482.20 19.82%-0.37%-5.67%4.50%By product Vehicles 53,462,409,290.12 42,931,781,971.38 19.70%-1.12%-6.71%4.82%By region China 49,995,769,261.71 39,071,420,400.59 21.85%-5.18%-11.44%5.52%Overseas 6,577,799,132.00 6,288,670,081.61 4.40%62.15%58.50%2.21%Wh

91、ere the statistical caliber of the main business data of the Company is adjusted,the data is subject to the main business data after adjustment according to the caliber of the end of the report period in the latest year.Applicable Not applicable Chongqing Changan Automobile Company Limited 2022 Semi

92、-Annual Report 12 IV.Analysis of Non-Main Business Applicable Not applicable Amount(RMB)Proportion of profits(%)Explanation Whether it is sustainable or not Return on investment 2,354,040,073.27 41.04%Please refer to the Item 51,Note 7“Supplementary Information of the Cash Flow Statement”in the In C

93、hapter 10 of this report.Except for 2.13 billion yuan,which is the gain from the companys loss of controlling interest in Avita and the re-measurement of the remaining equity at fair value.Profits or losses of fair value change 26,136,888.77 0.46%No Impairment losses on assets-241,827,585.46-4.22%Pl

94、ease refer to the Item 54,Note 7“Supplementary Information of the Cash Flow Statement”in the In Chapter 10 of this report.No Non-operating income 54,366,637.51 0.95%No Non-operating expenses 4,870,215.23 0.08%No V.Analysis of Assets and Liabilities 1.Major Changes in Asset Composition 30 June 2022 3

95、1 December 2021 Increase/Decrease in Proportion(%)Description of significant changes Amount(RMB)Proportion of total assets(%)Amount(RMB)Proportion of total assets(%)Monetary fund 53,421,783,239.85 38.48%51,976,242,149.37 38.39%0.09%There was no significant change in the composition of assets during

96、the reporting period Receivables 3,597,002,110.54 2.59%1,675,427,534.87 1.24%1.35%Contract assets 1,036,757,897.63 0.75%1,151,292,247.36 0.85%-0.10%Inventories 7,024,925,792.62 5.06%6,852,874,420.59 5.06%0.00%Investment property 6,536,070.82 0.00%6,649,426.60 0.00%0.00%Long-term equity investment 17

97、,304,612,282.75 12.47%13,245,374,860.55 9.78%2.69%Fixed assets 20,513,654,898.34 14.78%21,325,959,850.16 15.75%-0.97%Construction in 1,130,381,106.58 0.81%1,460,176,539.43 1.08%-0.27%Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 13 progress Right-of-use assets 50,017,632.80 0.

98、04%66,313,062.98 0.05%-0.01%Short-term loans 46,166,500.00 0.03%19,000,000.00 0.01%0.02%Contract liabilities 4,956,070,974.92 3.57%9,840,509,514.39 7.27%-3.70%Long-term loans 40,000,000.00 0.03%600,000,000.00 0.44%-0.41%Lease liabilities 28,202,020.25 0.02%38,679,735.59 0.03%-0.01%2.Major overseas a

99、ssets applicable not applicable 3.Assets and liabilities measured at fair value Applicable Not applicable Unit:RMB Item Opening Balance Changes in Fair Value Gains and Losses in Current Period Accumulated Fair Value Changes Included in Equity Provision for Impairment in Current Period Amount of Purc

100、hase in Current Period Amount of Sales in Current Period Other Changes Closing Balance Financial assets 1.Financial assets held for trading(excluding derivative financial assets)195,798,300.00 26,136,888.77 98,999,997.80 14,967,612.00 305,967,574.57 2.Investments in other equity instruments 701,409,

101、600.00 701,409,600.00 Subtotal financial assets 897,207,900.00 26,136,888.77 98,999,997.80 14,967,612.00 1,007,377,174.57 Total 897,207,900.00 26,136,888.77 98,999,997.80 14,967,612.00 1,007,377,174.57 Financial liabilities-Note:The trading financial assets and investments in other equity instrument

102、s in the table above are detailed in“2.Trading Financial Assets”and“11.Investments in Other Equity Instruments”in Note 7 of the Financial Statements.Whether there are major changes on measurement attributes for main assets of the Company in reporting period Yes No Chongqing Changan Automobile Compan

103、y Limited 2022 Semi-Annual Report 14 4.Property rights limits by the end of report period Unit:RMB Item book value at the end of this year Limited Reason Monetary fund 2,389,515,751.70 Deposit of acceptance bill Notes receivable 8,258,455,824.79 Pledge for issuing bills payable Intangible assets 17,

104、033,287.44 Collateral to obtain working capital Fixed assets 32,955,152.32 Collateral to obtain working capital Total 10,697,960,016.25 VI.Analysis of Investment 1.Overall situation Applicable Not applicable Item Investment amount for the reporting period(RMB)Investment amount for the previous repor

105、ting period(RMB)YoY Change(%)Equity investments 1,860,368,900.00-Fixed assets 52,569,218.29 3,776,627.15 1291.96%Construction in progress 787,512,886.09 604,256,608.18 30.33%Intangible assets 95,564,437.69 20,872,889.71 357.84%Total 2,796,015,442.07 628,906,125.04 344.58%2.The major equity investmen

106、t obtained in reporting period Applicable Not applicable 3.The ongoing major non-equity investment in reporting period Applicable Not applicable 4.Investment of Financial Assets(1)Security investments Applicable Not applicable Security type Stock code Abbreviation Initial investment cost（RMB）Account

107、ing measurement model Book value at the beginning of the reporting period（RMB）Gains and losses from changes in fair value during the periodAccumulated fair value changes included in equityPurchase amount during the reporting period（RMB）Sales amount during the reporting period（RMB）Gains and losses of

108、 the reporting period（RMB）Book value at the end of the reporting period（RMB）Accounting subject Source of funds Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 15 （RMB）（RMB）Stock 600369 Southwest Securities 50,000,000 Fair value measurement 177,902,700.00-44,391,600.00 0.00 0.00

109、0.00-41,701,200.00 133,511,100.00 Trading financial assets Self-owned funds Stock 301215 CPG Securities 98,999,997.80 Fair value measurement-70,400,076.77 0.00 0.00 0.00 70,400,076.77 169,400,074.57 Trading financial assets Self-owned funds Total 148,999,997.80-177,902,700.00 26,008,476.77 0.00 0.00

110、 0.00 28,698,876.77 302,911,174.57-(2)Derivative Investments Applicable Not applicable There was no derivative investment in the companys reporting period.5.Use of raised funds Applicable Not applicable(1)Overall use of raised funds Applicable Not applicable Unit:10,000 RMB Year Types of raised fund

111、s Total funds raised The used amount of total funds raised in the current period Total accumulated use of funds raised The total amount of raised funds with purpose changed in reporting period Cumulative total amount of raised funds with purpose changed Proportion of total raised funds with purpose

112、changed The total amount of unused funds The purpose and placement of the unused funds Amount of funds raised idle for more than two years 2020 Non-public offering of shares 598,608.41 23,139.35 423,069.26 160,545.86 160,545.86 26.82%175,539.15 Deposited in a dedicated account for raised funds 0 Tot

113、al-598,608.41 23,139.35 423,069.26 160,545.86 160,545.86 26.82%175,539.15-0 Description of the overall use of raised funds 1.The board of directors of the Company believes that the Company has disclosed the storage and actual use of the Companys raised funds in a timely,true,accurate and complete ma

114、nner in accordance with the“Guidelines for the Standardized Operation of Listed Companies on the Shenzhen Stock Exchange”and relevant format guidelines.There are no violations in the management of raised funds.The Company has faithfully fulfilled its obligation to disclose the investment direction a

115、nd progress of the raised funds.2.The initial total amount of raised fund was RMB 5,988,059,154.12.The Company used the raised funds of RMB 3,252,079,253.48,RMB 747,219,811.57,and RMB 231,393,524.48 respectively in 2020,2021 and first half of 2022.As of December 31,2021,the Company has used a total

116、of RMB 4,230,692,589.53 of the raised funds.(2)Use of the raised funds in committed projects Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 16 Applicable Not applicable Unit:10,000 RMB Committed projects and placement of extra funds raised Whether the project has been changed T

117、otal committed investment of raised funds Adjusted total investment(1)Amount invested this year Cumulative investment amount as of the end of the period(2)Investment progress as of the end of the period%(3)=(2)/(1)Whether the project has reached the intended usable state Benefits realized this year

118、Whether it meets the expected return Whether the feasibility of the project has changed significantly Committed projects H series fifth phase,NE1 series first phase engine production capacity construction project Yes 141,568.38 103,313.68 15,908.18 99,707.32 97%No Not applicable Not applicable No Cr

119、ash Laboratory Capacity Upgrade Project Yes 11,505.75 8,251.85 1,450.38 7,416.32 90%No Not applicable Not applicable No CD569 production line construction project Yes 15,576.22 9,418.59 3,841.18 8,353.08 89%No Not applicable Not applicable No Hefei Changan Automobile Co.,Ltd.adjustment and upgrade p

120、roject Yes 249,958.06 142,399.78 1,939.61 127,592.54 90%No Not applicable Not applicable No Supplementary working capital No 180,000.00 180,000.00-180,000.00 100%No Not applicable Not applicable No A new generation of energy-saving products transformation and upgrading projects No-160,545.86-No Not

121、applicable Not applicable No Total 598,608.41 603,929.76 23,139.35 423,069.26 70%-The reasons for not reaching the planned progress or expected benefits(by specific projects)N/A Description of major changes in the feasibility of the project N/A The amount,use and progress of extra raised funds Not a

122、pplicable Change in implementation location of the committed projects N/A Adjustment to implementation method of committed project N/A Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 17 Upfront investment and replacement of committed projects On November 18,2020,the Ninth Meetin

123、g of the Eighth Session of the Board of Directors of the Company reviewed and approved the“Proposal on the Use of Raised Funds to Replace Early Investment in Self-Own Funds”,and agreed to use raised funds of RMB 1,378,818,553.05 to replace pre-invested sell-raised funds for the project.The replaceme

124、nt of the raised funds has been verified by the Ernst&Young Hua Ming(2020)Special Zi No.60662431_D05 special report issued by Ernst&Young Hua Ming Certified Public Accountants(special general partnership).Use of idle raised funds for temporary supplement of working capital N/A Amount and cause of su

125、rplus of funds raised for project implementation The company originally planned to invest in four fundraising projects,including the H series phase five,the NE1 series phase I engine production capacity construction project,the collision test room capacity upgrade construction project,the CD569 prod

126、uction line construction project,and the adjustment and upgrading project of Hefei Changan Automobile Co.,Ltd.Compared with the planning,there is some unused founds,mainly because the company has reduced the actual investment amount by means of localized substitution of imported equipment in the pro

127、cess of project implementation in order to reduce the impact of the overseas epidemic on the project construction cycle.In the process of project construction,the scheme has been continuously optimized,and the lean investment process management has realized the control of the investment scale.Accord

128、ing to the companys long-term strategic planning and development needs at the current stage,after comprehensive research and judgment by the company,in order to further improve the use efficiency of raised funds,the company plans to adjust the investment scale of the original raised funds investment

129、 projects,and use the estimated surplus funds of RMB 1,605,458,600 for the companys new generation of energy conservation Product transformation and upgrading project.The purpose and placement of the unused raised funds Deposited in a dedicated account by the Company for raised funds Defects and oth

130、er problems in utilization and disclosure of the raised funds N/A(3)Changes of projects supported by raised funds Applicable Not applicable Unit:10,000 RMB Changed project The commitment of the original project Total amount of funds to be invested in the project after the change(1)The amount actuall

131、y invested during the reporting period Actual cumulative investment amount as of the end of the period(2)Investment progress as of the end of the period(%)(3)=(2)/(1)The date when the project reached the intended availability status Benefits achieved during the reporting period Whether the expected

132、benefits have been achieved Significant changes in the feasibility of the project after the change A new generation of energy-saving products transformation and upgrading projects 1.H series fifth phase,NE1 series first phase engine production capacity construction project 2.Crash Laboratory Capacit

133、y Upgrade C160,545.86-In the year of 2023 Not applicable Not applicable Not applicable Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 18 onstruction Project 3.CD569 production line construction project 4.Hefei Changan Automobile Co.,Ltd.adjustment and upgrade project 合计-160,545

134、.86-Reasons for change,decision-making procedures and information disclosure(by specific project)1.There was a balance of the original project investment funds compared to upfront planning.The main reason is that in order to reduce the impact of the overseas epidemic on the project construction cycl

135、e,the company has reduced the actual investment amount through the localization of imported equipment in the project implementation process in order to reduce the investment in the project construction cycle,and at the same time,the company has continuously optimized the program in the project const

136、ruction process in order to continuously improve the quality of operation,and lean investment process management has realized the control of the scale and rhythm of investment.According to the companys long-term strategic planning and the current development needs,after the companys comprehensive re

137、search.In order to further improve the efficiency of the use of the raised funds,the company intends to adjust the investment scale of the original raised funds investment projects,and the expected balance of RMB 1,605.46 million for the companys new generation of energy-saving product transformatio

138、n and upgrading projects.2.Decision-making procedure:The Company held the 38th meeting of the 8th Board of Directors on April 26,2022,and approved the proposal of“Adjusting and Changing the Use of Part of the Raised Funds”.The proposal has yet to be submitted to the Companys General Meeting of Share

139、holders for consideration.3.Information disclosure:Please refer to the announcement of“Adjusting and Changing the Use of Part of the Raised Funds”(Announcement No.:2022-23)on http:/.Reasons for failure to meet the planned schedule or projected benefits(by project)Not applicable Description of signif

140、icant changes in the feasibility of the project after the change Not applicable VII.Sale of significant Assets and Equity 1.Sale of significant assets Applicable Not applicable 2.Sale of significant equity Applicable Not applicable VIII.Analysis of Major Shareholding and Joint Stock Companies Applic

141、able Not applicable Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 19 Major subsidiaries and joint stock companies that affect the companys net profit by more than 10%Unit:10,000 RMB Name Type Main businesses Registered capital Total assets Net assets Operating income Operating

142、 Profit Net profit Changan Ford Automobile Co.,Ltd.Joint Stock Company Produce and sell auto and parts 24,100USD 4,042,348.61 702,416.19 2,337,780.25 121,051.29 104,520.33 Chongqing Changan New Energy Vehicle Technology Co.,Ltd.shareholding company Produce and sell auto and parts 32,810.83 1,179,251

143、.90 281,186.55 414,914.54-147,245.48-147,247.26 AVATR.Co.,Ltd.shareholding company New energy vehicle and parts development 117,224.26 287,037.36 197,298.30 0.33-25,199.67-25,227.72 Subsidiaries acquired and sold in the reporting period Applicable Not applicable Name Acquisition and disposal of subs

144、idiaries during the reporting period Impact on overall production,operation and performance Chongqing Xingzhi Technology Co.,Ltd.Newly established company N/A AVATR.Co.,Ltd Dilution of equity,loss of control have a significant impact Description of major holding and participating companies 1.Changan

145、 Ford Automobile Co.,Ltd has an increase in profit compared to the last reporting period,mainly due to the receipt of income-related subsidies.2.Chongqing Changan New Energy Vehicle Technology Co.,Ltd suffered a year-on-year loss due to declining subsidies,battery price hikes,and increased strategic

146、 investment.3.AVATR.Co.,Ltd has changed from the companys holding subsidiary to an associate,and is no longer included in the companys consolidated financial statements.The equity method is used for subsequent accounting,which has a significant impact on the company.For details,please refer to (Anno

147、uncement No.:2022-29).IX.Structural main business under the company control Applicable Not applicable X.Possible risks and coresponding measures 1.Supply chain stability risk First,the pandemic is still full of variables,international investment and trade are still disturbed,and the stability of the

148、 global supply chain is still under stress.Second,regional conflicts reshape the global geopolitical landscape fast.For security reasons,some countries and enterprises are trying to relocate supply chain in a counter-globalized way,increasing risks global supply chain fluctuations in the automotive

149、industry.Shortage of chip,battery and other parts will suppress automotive supply chain for a period of time,and the production and supply is still under pressure.Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 20 Countermeasures:First,ensure normal production by optimizing oper

150、ation methods;second,strengthen the cooperation with the supply chain and reserve critical components at the right time;third,continue to promote the replacement program for some key components.2.Risk of raw material price increase No sign of geopolitical conflicts slowing down in the short term.The

151、 commodity and raw materials,such as crude oil,will price high for a period of time and resulting price increase for the automotive industry,especially the battery raw materials and chips are in the prolonged up-price circle.In the medium and long term,with the easing of pandemic the commodity suppl

152、y is expected to gradually improve.However,based on geopolitics,carbon emission constraints and other factors,energy,metals and other commodity price is still full of uncertainties,which may lead to increased production costs and operating pressure for automotive enterprises.Countermeasures:reduce t

153、he impact of raw material price increase by cutting internal costs.At the production end,we will continue to optimize the process to cut production costs;at the R&D end,we will optimize the cost structure by applying new materials or alternative solutions while improving product quality and competit

154、iveness;at the procurement end,we will optimize the supplier system and facilitate suppliers to apply new processes to control costs.3.Market fluctuation risk Since the beginning of this year,the pressure of domestic Covid prevention and control has increased significantly.Residents spending is supp

155、ressed while expectations have turned weaker,preventive savings have increased and consumer confidence has declined.Such trends have obivious impacts on the automotive market.In the second half of the year,with the easing of the pandemic and the support of national auto consumption policy,the auto m

156、arket will gradually recover,but the risk of sporadic Covid distribution has not yet been eliminated,which may lead to a limited recovery for auto market and a expanded fluctuation of market sales pace.Countermeasures:First,make full use of the national purchase tax exemption and other policy suppor

157、t window to increase promotion investments;second,accelerate the process of new marketing deployment,increase intelligent marketing efforts,strengthen contacts with users and minimize the market impact.XI.Reception Research,Communication,Interviews and Other Activities during the Reporting Period Da

158、te Reception place Research Type Type of Research Object Index On February 22,2022 Chongqing Field research Institution For details,see the On February 24,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:February 22,2022 investor relations activities record sheet On April 29

159、,2022 Oneline“Panorama Road Show World”webcast All investors For details,see the May 6,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:April 29,2022 investor relations activities record sheet On May 5,2022 Telephone conference Telephone conference Institution For details,se

160、e the May 6,2022Shenzhen stock exchange interactive(http:/)on the Changan Automobile:May 5,2022 investor relations activities record sheet Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 21 On May 6,2022 Telephone conference Telephone conference Institution For details,see the M

161、ay 9,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:May 6,2022 investor relations activities record sheet On May 7,2022 Telephone conference Telephone conference Institution For details,see the May 9,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile

162、:On May 7,2022 investor relations activities record sheet On May 9,2022 Telephone conference Telephone conference Institution For details,see the June 3,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:June 1,2022 investor relations activities record sheet On May 10,2022 Tel

163、ephone conference Telephone conference Institution For details,see the On May 11,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:May 10,2022 investor relations activities record sheet On May 11,2022 Telephone conference Telephone conference Institution For details,see the M

164、ay 13,2022Shenzhen stock exchange interactive(http:/)on the Changan Automobile:May 11,2022 investor relations activities record sheet On May 12,2022 Telephone conference Telephone conference Institution For details,see the July 9,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automob

165、ile:July 7,2022 investor relations activities record sheet On May 18,2022 Telephone conference Telephone conference Institution For details,see the May 20,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:May 18,2022 investor relations activities record sheet On May 19,2022 T

166、elephone conference Telephone conference Institution For details,see the May 20,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:May 19,2022 investor relations activities record sheet On May 23,2022 Telephone conference Telephone conference Institution For details,see the Ma

167、y 24,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:May 23,2022 investor relations activities record sheet On May 25,2022 Telephone conference Telephone conference Institution For details,see the May 27,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automob

168、ile:May 25,2022 investor relations activities record sheet Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 22 On May 26,2022 Telephone conference Telephone conference Institution For details,see the May 27,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile

169、:May 26,2022 investor relations activities record sheet On June 7,2022 Telephone conference Telephone conference Institution For details,see the June 8,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:June 7,2022 investor relations activities record sheet On June 10,2022 Tel

170、ephone conference Telephone conference Institution For details,see the June 10,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:June 10,2022 investor relations activities record sheet On June 15,2022 Telephone conference Telephone conference Institution For details,see the J

171、une 16,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:June 15,2022 investor relations activities record sheet On June 16,2022 Telephone conference Telephone conference Institution For details,see the June 17,2022 Shenzhen stock exchange interactive(http:/)on the Changan Au

172、tomobile:June 16,2022 investor relations activities record sheet On June 20,2022 Telephone conference Telephone conference Institution For details,see the June 22,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:June 20,2022 investor relations activities record sheet On June

173、 23,2022 Telephone conference Telephone conference Institution For details,see the June 24,2022 Shenzhen stock exchange interactive(http:/)on the Changan Automobile:June 23,2022 investor relations activities record sheet Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 23 Chapter

174、 4 Corporate Governance I.Annual Shareholders Meeting and Extraordinary General Meeting during the Reporting Period 1.Shareholders meeting during the reporting period Meeting Session Type Investors participation Ratio Opening Time Disclosure Time Meeting Decision 2022 The First Extraordinary General

175、 Meeting EGM 40.917%March 17,2022 March 18,2022 http/ 2022 The First Extraordinary General Meeting Resolution Announcement(Announcement Number:2022-14)2021 Annual Shareholders Meeting Annual 50.718%June 15,2022 June 16,2022 http/ 2021 Annual Shareholders Meeting Resolution Announcement(Announcement

176、Number:2022-44)2.The shareholders of preferred shares with voting right restored request to convene an extraordinary general meeting Applicable Non-applicable II.Departure and Hiring information of the directors,supervisors and senior manager Available Not-available Name Position Type Date Reason Zh

177、ang Xiaoyu Vice President Appointed January 12,2022 Appointment Wang Xiaofei Vice President Appointed January 12,2022 Appointment Li Mingcai Executive Vice President Appointed January 28,2022 Appointment Zhang Deyong Board secretary Appointed January 28,2022 Appointment Ye Wenhua Director Elected Ma

178、rch 17,2022 Appointment Li Keqiang Independent Director Elected June 15,2022 Appointment Ding Wei Independent Director Elected June 15,2022 Appointment Tang Guliang Independent Director Elected June 15,2022 Appointment Zhang Ying Independent Director Elected June 15,2022 Appointment Xian Zhigang Dir

179、ector Elected July 26,2022 Appointment Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 24 Li Wei Executive Vice President Outgoing January 12,2022 Job change Li Mingcai Vice President Outgoing January 28,2022 Job change Liu Jipeng Independent Director Outgoing June 15,2022 Resig

180、n after six years of term Li Qingwen Independent Director Outgoing June 15,2022 Resign after six years of term Chen Quanshi Independent Director Outgoing June 15,2022 Resign after six years of term Tan Xiaosheng Independent Director Outgoing June 15,2022 Resign after six years of term Ye Wenhua Dire

181、ctor Outgoing July 8,2022 Job change III.Preplan for Company common stock profit distribution and capital reserves converting into share capital in the reporting period Applicable Non-applicable The company plans not to distribute cash dividends,not to send bonus shares,not to increase equity by pro

182、vident fund in the first half of the year.IV.Implementation of company equity incentive plans,employee stock incentive plans or other incentive measures Applicable Not-applicable On July 13,2020,the 2nd meeting of the 8th Session of Board of Directors and the 2nd meeting of the 8th Session of Board

183、of Supervisors reviewed and approved proposals such as“Proposal on and its Summary”and“Proposal on”.The independent directors expressed their independent agreement on the incentive plan.On February 1,2021,the 11th meeting of the 8th Session of Board of Directors and the 7th meeting of the 8th Sessio

184、n of Board of Supervisors reviewed and approved proposals such as“Proposal on and its Summary”and“Proposal on (Revision)”.The independent directors expressed their independent agreement on the incentive plan revision.On February 18,2021,the Company held the first extraordinary general meeting in 202

185、1,and reviewed and approved proposals such as“Proposal on and its Summary”,“Proposal on”and“Proposal on General Meeting Granting Full Authority to the Board of Directors to Handle Matters Related to Equity Incentives”.On February 22,2021,the Company held the twelfth meeting of the Session of Board o

186、f Directors and the 8th meeting of the Session of Board of Supervisors,which reviewed and approved proposals such as“Proposal on Adjusting the List of Incentive Objects and Incentive Quantity of the A-Share Restricted Stock Incentive Plan under Initial Granting”and“Proposal on Granting Restricted St

187、ocks for the First Time to Incentive Objects of A-Share Restricted Stock Incentive Plan”.The independent directors expressed their independent agreement.On March 3,2021,the Company completed the registration of restricted stocks and disclosed the“Announcement on the Completion of the Registration of

188、 the Initial Granting of the A-Share Restricted Stock Incentive Plan”.1,247 people were actually Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 25 granted with 76,195,400 restricted shares.The listing date of restricted shares was March 5,2021.On August 30,2021,the Company held

189、 the 25th meeting of the 8th Session of Board of Directors and the 12th meeting of the 8th Session of Board of Supervisors,which reviewed and approved the“Proposal on Adjusting the Repurchase Price of A-Share Restricted Stock Incentive Plan”and“Proposal on Repurchase and Cancellation of Certain Rest

190、ricted Shares Granted to Incentive Objects but still with Sales Restriction”.The independent directors expressed independent agreement.On September 17,2021,the Company held the second extraordinary general meeting in 2021,and reviewed and approved the“Proposal on Repurchase and Cancellation of Certa

191、in Restricted Shares Granted to Incentive Objects but still with Sales Restriction”.On November 19,2021,the Company held the 29th meeting of the 8th Session of Board of Directors and the 15th meeting of the 8th Session of Board of Supervisors,and reviewed and approved the“Proposal on Adjusting the A

192、mount of Reserved A-Share Restricted Stock Incentive Plan”and“Proposal on Granting Reserved Restricted Stocks to the Incentive Objects of the A-Share Restricted Stock Incentive Plan”.The independent expressed independent agreement.On December 21,2021,the Company completed the repurchase and cancella

193、tion of all 1.036 million restricted shares that had been granted to the original 11 incentive objects but still had sales restrictions.On December 30,2021,the Company completed the registration of the reserved restricted stock and disclosed the“Announcement on the Completion of the Grant of the Res

194、erved A-Share Restricted Stock of the Incentive Plan”;356 people were granted with 17,761,200 reserved restricted stocks.The listing date of reserved restricted stocks was December 31,2021.Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 26 Chapter 5 Environment and social respon

195、sibility I.Major Environment Concerns Whether the listed companies and their subsidiaries are the key pollutant discharge units published by the environmental protection department Yes No Name of the company or subsidiary Main pollutants and specific pollutants Discharge means Number of discharge ou

196、tlets Distribution of discharge outlets Discharge concentration(mg/L)Pollutant discharge standards Total discharge(ton/year)Total approved discharge(ton/year)Excessive discharge Chongqing Changan Automobile Co.,Ltd.Yubei Plant Wastewater COD Intermittent discharge 3 Two outlets for workshop faciliti

197、es,and one main outlet for the Plant 44.07 Integrated Wastewater Discharge Standard(GB8978-1996);The Influent Water Quality Requirements set by the Yubei District Sewage Treatment Plant in Chongqing 8.32 347.9 Ammonia nitrogen 1.42 0.26 31.31 Total nickel 0.2 0.03 0.17 Total zinc 0.12 0.03 3.48 Phos

198、phate 0.18 0.04 0.7 Exhaust gas Sulfur dioxide Organized discharge 28 Outlets around the Plant 3.36 Emission Standard of Air Pollutants for Surface Coating of Automobile Manufacturing Industry(DB 50/577-2015);Emission Standards of Air Pollutants for Industrial Kiln and Furnace(DB 50/659-2016);Integr

199、ated Emission Standards of Air Pollutants(DB 50/418-2016);Emission Standards of Air Pollutants for Boiler(DB 50/658-2016)0.56 16.95 Nitrogen oxides 37.55 18.47 75.4 Particulate matter 4.05 5.00 94.33 Volatile organic compounds 1.27 1.72 221.21 Toluene+Xylene 0.06 0.04 50 Soil During the reporting pe

200、riod,the Yubei Plant of Chongqing Changan Automobile Co.,Ltd.was included in the List of Key Pollutant Discharge Units of Chongqing in 2022 with a total of 889.71 tons of hazardous waste generated in this period.889.71 tons have been legally disposed of by manufacturers with hazardous waste operatio

201、n qualifications.Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 27 Chongqing Changan Automobile Co.,Ltd.(Liangjiang Plant,Campus No.1)Wastewater COD Intermittent emissions 2 An outlet for workshop facilities,and one main outlet for the Plant 18.78 Integrated Wastewater Discharg

202、e Standard(GB8978-1996);The Influent Water Quality Requirements set by Guoyuangang Sewage Treatment Plant in Chongqing 2.53 11.40 Ammonia nitrogen 0.12 0.0338 1.14 Total nickel 0.03 0.006 0.06 Total zinc 0.08 0.0005 0.07 Exhaust gas Sulfur dioxide Organized emissions 32 Outlets around the Plant 6 Em

203、ission standard of Air Pollutants for Surface Coating of Automobile Manufacturing Industry(DB 50/577-2015);Emission Standards of Air Pollutants for Industrial Kiln and Furnace(DB 50/659-2016);Integrated Emission Standards of Air Pollutants(DB 50/418-2016);Emission Standards of Air Pollutants for Boi

204、ler(DB 50/658-2016)0.53 4.82 Nitrogen oxides 26.06 2.58 19.3 Particulate matter 9.4 5.63 41.54 Volatile organic compounds 8.84 3.2 58.59 Toluene+xylene 0.16 0.41 4.18 Soil During the reporting period,Liangjiang Plant,Campus No.1 of Changan Automobile was included in the List of Key Pollutant Dischar

205、ge Units of Chongqing in 2022 with a total of 1,162.49 tons of hazardous waste in this period.A total of 1,005.76 tons were legally disposed of by manufacturers with hazardous waste operation qualifications.Chongqing Changan Automobile Co.,Ltd.(Liangjiang Plant,Campus No.2)Wastewater COD Intermitten

206、t emissions 2 An outlet for workshop facilities,and one main outlet for the Plant 51 Integrated Wastewater Discharge Standard(GB8978-1996);The Influent Water Quality Requirements set by the Guoyuangang Sewage Treatment Plant in Chongqing 15.04 46 Ammonia nitrogen 1.875 1.17 4.6 Total nickel 0.043 0.

207、002 0.14 Total zinc 0.06 0.01 1.38 Exhaust gas Sulfur dioxide Organized emissions 47 Outlets around the Plant 0 Emission standard of Air Pollutants for Surface Coating of Automobile Manufacturing Industry(DB 50/577-2015);Emission Standards of Air Pollutants for Industrial Kiln and 0 4.12 Nitrogen ox

208、ides 60.8 13.09 26.6 Particulate matter 7.765 20.43 50.61 Volatile organic compounds 10.194 165.88 414.1 Toluene+xylene 0.649 0.48 1.54 Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 28 Furnace（DB 50/659-2016);Integrated Emission Standards of Air Pollutants（DB 50/418-2016);Emis

209、sion Standards of Air Pollutants for Boiler（DB 50/658-2016)Soil During the reporting period,Liangjiang Plant,Campus NO.2 was included in the List of Key Pollutant Discharge Units of Chongqing in 2022 with a total of 1,455.52 tons of hazardous waste.1,455.52 tons were legally disposed of by manufactu

210、rers with hazardous waste operation qualifications.Chongqing Changan Automobile Co.,Ltd.(Liangjiang Plant,Campus No.3)Wastewater COD Intermittent emissions 2 An outlet for workshop facilities,and one main outlet for the Plant 47 Integrated Wastewater Discharge Standard（GB8978-1996);The Influent Wate

211、r Quality Requirements set by the Guoyuangang Sewage Treatment Plant in Chongqing 9.08 45 Total nickel 0.13 0.01 0.1 Ammonia nitrogen 2.22 0.39 1.6 Total zinc 0.14 0.01 0.79 Exhaust gas Particulate matter Organized emissions 41 Outlets around the Plant 10.6 Emission Standard of Air Pollutants for Su

212、rface Coating of Automobile Manufacturing Industry(DB 50/577-2015);Emission Standards of Air Pollutants for Industrial Kiln and Furnace(DB 50/659-2016);Integrated Emission Standards of Air Pollutants(DB 50/418-2016);Emission Standards of Air Pollutants for Boiler(DB 50/658-2016)7.88 62.42 VOCs 18.8

213、5.75 230.72 SO2 0 0.28 5 Toluene+xylene 0.491 0.19 0.85 NOx 19 2.46 23.32 Soil During the reporting period,Liangjiang Plant,Campus NO.3 was included in the List of Key Pollutant Discharge Units in Chongqing in 2022 with a total of 1,140.87 tons of hazardous waste generated in this period.1,147.73 to

214、ns were legally disposed of by manufacturers with hazardous waste operation qualifications.COD 1 119.9 10.03 22.5 Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 29 Chongqing Changan Automobile Co.,Ltd.(Jiangbei Engine Plant)Wastewater Ammonia nitrogen(NH3-N)Intermittent emissio

215、ns Main outlet for the Plant 4.705 Integrated Wastewater Discharge Standard（GB8978-1996);The Influent Water Quality Requirements set by the Guoyuangang Sewage Treatment Plant in Chongqing 0.33 2.25 Exhaust gas Particulate matter Organized emissions 91 Outlets around the Plant 9.2 Emission Standards

216、of Air Pollutants for Industrial Kiln and Furnace(DB 50/659-2016);Integrated Emission Standards of Air Pollutants(DB 50/418-2016)7.41 SO2 3 3.44 VOCs 7.5 0.19 NOx 8 4.62 Soil During the reporting period,Jiangbei Engine Plant,Plant NO.1 was included in the List of Key Pollutant Discharge Units in Cho

217、ngqing in 2022,and a total of 1,550 tons of hazardous waste was generated in this period.1,550 tons were legally disposed of by manufacturers with hazardous waste operation qualifications.Chongqing Changan Automobile Co.,Ltd.(Jiangbei Engine Plant,Plant No.2）Wastewater COD Intermittent emissions 1 M

218、ain outlet for the Plant 16.4 Integrated Wastewater Discharge Standard(GB8978-1996);The Influent Water Quality Requirements set by Guoyuangang Sewage Treatment Plant in Chongqing 4.70 11.08 Ammonia nitrogen(NH3-N)7.64 0.05 1.11 Exhaust gas Non-methane total hydrocarbons Organized emissions 35 Outlet

219、s around the factory 7.155 Emission Standards of Air Pollutants for Industrial Kiln and Furnace(DB 50/659-2016);Integrated Emission Standards of Air Pollutants(DB 50/418-2016)3.22 Nitrogen oxides 63.5 1.47 Particulate matter 19.45 4.17 Phenols 3.426 1.07 Sulfur dioxide 3 0.83 Formaldehyde 0.021 0.01

220、 Soil During the reporting period,Jiangbei Engine Plant,Plant NO.2 was included in the List of Key Pollutant Discharge units in Chongqing in 2022,and a total of 2,865 tons of hazardous waste was generated in this period.2,865 tons were legally disposed of by manufacturers with hazardous waste operat

221、ion qualifications.Chongqing Lingyao Wastewater COD Intermittent emissions 3 An outlet for workshop facilities,36.19 Integrated Wastewater Discharge Standard(GB8978-1996);The 2.99 25.76 Ammonia nitrogen 1.79 0.17 3.48 Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 30 Automobile

222、 Co.,Ltd.Total nickel and two main outlets for the Plant 0.04 Inlet Water Quality Requirements set by Guoyuangang Sewage Treatment Plant in Chongqing 0 0.03 Total zinc 0.04 0.003 0.13 Phosphate 0.1 0.01 0.7 Exhaust gas Particulate matter Organized emissions 36 Outlets around the Plant 10.2 Emission

223、Standard of Air Pollutants for Surface Coating of Automobile Manufacturing Industry(DB 50/577-2015);Emission Standards of Air Pollutants for Industrial Kiln and Furnace（DB 50/659-2016);Integrated Emission Standards of Air Pollutants(DB 50/418-2016);Emission Standards of Air Pollutants for Boiler(DB

224、50/658-2016)12.85 19.24 Volatile organic compounds 2.38 4.02 213.66 Toluene+xylene 0.07 0.97 51.95 Soil During the reporting period,Chongqing Lingyao Automobile Co.,Ltd.(Changan Suzuki)was included in the List of Key Pollutant Discharge Units in Chongqing in 2022,and a total of 847.66 tons of hazard

225、ous waste was generated in this period.847.66 tons were legally disposed of by manufacturers with hazardous waste operation qualifications.Chongqing Changan Automobile Co.,Ltd.Beijing Changan Automobile Company Wastewater COD Intermittent emissions 2 An outlet for workshop facilities,and a main outl

226、et for the Plant 78.58 Integrated Discharge Standard of Water Pollutants(DB11/307-2013)7.25 63.68 Ammonia nitrogen 6.99 0.29 3.81 Total nickel 0.038 0.0003 0.01 Phosphate 2.19 0.02 5.71 Exhaust gas Nitrogen oxides Organized emissions 53 Outlets around the Plant 37.1 Emission standard of Air Pollutan

227、ts for Surface Coating of Automobile Manufacturing Industry(DB11/1227-2015);Integrated Emission Standards of Air Pollutants(DB11/501-2017）0.12 3.21 Volatile organic compounds 2.26 4.13 458.76 Soil During the reporting period,Chongqing Changan Automobile Co.,Ltd.Beijing Changan Automobile Company was

228、 included in the List of Key Pollutant Discharge units in Beijing in 2022.A total of 248.81 tons of hazardous waste was generated in this period,which was legally disposed of by manufacturers with hazardous waste operation qualifications.Chongqing Changan Automobile Company Limited 2022 Semi-Annual

229、Report 31 Hefei Changan Automobile Co.,Ltd.Wastewater COD Intermittent emissions 3 Two outlets for workshop facilities,and a main outlet for the Plant 35.16 Integrated Wastewater Discharge Standard(GB8978-1996);The Pipe Standards set by Hefei West Group Sewage Treatment Plant 12.47 144.13 Total nitr

230、ogen 6.18 2.25 39.44 Total nickel 0.03 0.0027 0.09 Total phosphorus 0.15 0.058 4.73 Ammonia nitrogen 4.98 0.15 14.41 Exhaust gas VOCs Organized emissions 88 Outlets around the Plant 4.5 Emission Control Standard for Industrial Enterprises Volatile Organic Compounds of Tianjin(DB12/524-2020)3.72 1139

231、.6 Soil During the reporting period,Hefei Changan Automobile Co.,Ltd.was included in the List of Key Pollutant Discharge Units in Hefei in 2022,and a total of 898 tons of hazardous waste was generated in this period,which was legally disposed of by manufacturers with hazardous waste operation qualif

232、ications.Nanjing Changan Automobile Co.,Ltd.Wastewater COD Intermittent emissions 2 An outlet for workshop facilities,and a main outlet for the Plant 37.55 Integrated Wastewater Discharge Standard（GB8978-1996);The Pipe Standards set by Nanjing Lishui Qinyuan Sewage Treatment Co.,Ltd.0.90 13.34 Total

233、 nitrogen 2.83 0.06 14.24 Total nickel 0.19 0.002 0.06 Total phosphorus 0.19 0.004 0.08 Ammonia nitrogen（NH3-N）0.94 0.02 0.26 Exhaust gas NOx Organized emissions 6 Outlets around the Plant 9.67 Emission Standard of Air Pollutants for Surface Coating of Automobile Manufacturing Industry(DB32/2862 201

234、6);Integrated Emission Standards of Air Pollutants(GB 16297-1996);Emission Standards of Air Pollutants for Boiler(GB13271-2014)0.48 8.79 Particulate matter 0.6 0.52 10.24 VOCs 4.3 3.39 38.48 SO2 3 0.06 53.4 Soil During the reporting period,Nanjing Changan Automobile Co.,Ltd.was included in the List

235、of Key Pollutant Discharge Units in Nanjing in 2022,and a total of 223.50 tons of hazardous waste was generated in this period.258.62 tons were legally disposed of by manufacturers with hazardous waste operation qualifications.Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 32 C

236、hongqing Changan Kaicene Automobile Technology Co.,Ltd.Campus NO.1 Wastewater Ammonia nitrogen Intermittent emissions 2 An outlet for workshop facilities,and a main outlet for the Plant 8.44 Integrated wastewater discharge standard(GB8978-1996);The Influent Water Quality Requirements Set by Gezhouba

237、 Water Dingzhou Branch 0.10 4.8 COD 156 5.13 63.71 Total nitrogen 17.46 0.21 7.32 Total phosphorus 0.12 0.05 0.92 Total nickel 0.05 0.001 0.03 Exhaust gas Sulfur dioxide Organized emissions 46 Outlets around the plant 7.5 Integrated Emission Standards of Air Pollutants GB16297-1996;Emission Standard

238、s of Air Pollutants for Industrial Kiln and Furnace DB1640-2012;Emission Control Standards for Volatile Organic Compounds by Industrial Enterprises DB13/2322-2016;Emission Standards of Air Pollutants for Boiler（DB13/5161-2020)0.12 30.01 Non-methane total hydrocarbons 1.505 4.25 570.34 Particulate ma

239、tter 5.3 3.17 53.4 Nitrogen oxides 23.5 4.10 31.47 Soil During the reporting period,Campus NO.2 of Chongqing Changan Kaicene Automobile Technology Co.,Ltd.(formerly known as Hebei Changan)was included in the List of Key Pollutant Discharge Units in Dingzhou In 2022,with a total of 305.34 tons of haz

240、ardous waste generated in this period,of which 295.58 tons have been legally disposed of by suppliers with hazardous waste operation qualifications.Chongqing Changan Kaicene Automobile Technology Co.,Ltd.Campus NO.2 Wastewater COD Intermittent emissions 2 A workshop facility discharge outlet,and one

241、 factory total discharge outlet 185 Integrated Wastewater Discharge Standard(GB8978-1996);The Influent Water Quality Requirements Set by Gezhouba Water Dingzhou Branch 4.23 63.71 Ammonia nitrogen 9.56 0.18 4.8 Total nitrogen 11.61 0.44 7.32 Total phosphorus 1.43 0.14 0.92 Nickel 0.05 0.003 0.03 Exha

242、ust gas Sulfur dioxide Organized emissions 82 Outlets around the plant 3 Integrated Emission Standards of Air Pollutants GB16297-1996;Emission Standards of Air Pollutants for Industrial Kiln and Furnace DB1640-2012;Emission Control 1.39 88.23 Nitrogen oxides 24.33 5.40 33.75 Particulate matter 5.77

243、9.02 850.8 Volatile organic compounds 2.87 50.84 880.62 Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 33 Standards for Volatile Organic Compounds by Industrial Enterprises DB13/2322-2016;Emission Standards of Air Pollutants for Boiler(DB13/5161-2020)Soil During the reporting p

244、eriod,Campus NO.2 of Chongqing Changan Kaicene Automobile Technology Co.,Ltd.(formerly known as Changan Bus)was included in the List of Key Pollutant Discharge Units in Dingzhou in 2022.A total of 481.48 tons of hazardous waste were generated in this period,and 463.98 tons were legally disposed of b

245、y suppliers with hazardous waste operation qualifications.Construction and operation of pollution prevention facilities No new pollution prevention facilities were built during the reporting period.The main waste gas management facilities include foundry dust removal and deodorization facilities in

246、engine factories,oil mist filtration facilities,welding dust removal facilities in vehicle factories and treatment facilities for coating volatile organic waste gas.Together with wastewater treatment facilities,they are included in preventive maintenance management of equipment,with account books,op

247、eration instructions,preventive maintenance rules,preventive maintenance plans and implementation records as well as operating records including equipment spot inspection,dosing,de-slagging and consumables replacement.The facilities are running normally.The key pollutant discharge units are all equi

248、pped with automatic wastewater and waste gas monitoring facilities and entrusted the third-party company to operate and maintain the facilities.Administrative licensing of environmental impact assessment and other environmental protection for construction projects In accordance with the Law of the P

249、eoples Republic of China on Evaluation of Environmental Effects,the Regulations on the Administration of Construction Project Environmental Protection,Chongqings Regulation on Environmental Protection,and the Interim Measures for the Construction Project Completion of Environmental Protection and Ac

250、ceptance,the environmental impact evaluation and completion acceptance of the newly built,renovated and expanded projects strictly implement the environmental impact evaluation system and the“three-simultaneous”system.During the reporting period,the company obtained the approval of renovation projec

251、t of new series of NEV assembly line in Plant 1 of Liangjiang Plant and the technical renovation project of X70A series MPV.The company received environmental acceptance of the CD569 production line project,B561 series passenger vehicle technical renovation project and Q612 production line technical

252、 renovation project.For details of the changes in emission permits of each manufacturing base during the reporting period,please refer to the“National Emission Permit Management Information Platform”(Website:http:/).Emergency preparedness and exercises of emergency environmental events The company c

253、ontinues to carry out environmental protection emergency exercises and improve the ability to deal with environmental emergencies.During the reporting period,Jiangbei Engine Plant,Plant No.2 and Nanjing Changan Automobile Co.,Ltd.revised and recorded plans for environmental emergencies as follows.Un

254、its Emergency Plans File Number Government Branches Major Risky Materials Environment Risk Level Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 34 Jiangbei Engine Plant,Plant No.2 Chongqing Changan Automobile Co.,Ltd.Jiangbei Engine Plant(Campus No.1)Emergency Plan for Emergenc

255、y Accidents 50009 Chongqing Municipal Ecology and Environment Bureau,Liangjiang New Area Branch Emulsion,cutting fluid,gasoline,engine oil,etc.High Nanjing Changan Automobile Co.,Ltd.Nanjing Changan Emergency Plan for Environment Accidents 3201242022087L Nanjing Municipal Lishui Ecology a

256、nd Environment Bureau Sulfuric acid,hydrochloric acid,lubricating oil,gasoline,etc.Medium Each base formulated emergency drill plans in accordance with laws and regulations,carried out emergency drills according to the plan,and continuously improved the practicability of the emergency plan and the e

257、mergency response skills of employees.No environmental emergencies occurred during the reporting period.Formulation and implementation of environment self-monitoring plans During the reporting period,key discharge units of Changan Automobile formulated and implemented self-monitoring plans.Informati

258、on disclosure has been made at websites according to the requirements of the local ecological environment authorities.The websites are as follows.Units Platform of Releasing Self-Monitoring Plans Websites Yubei Plant,Liangjiang Plant,Jiangbei Engine Plant,Lingyao Auto Key pollution source monitoring

259、 data release platform http:/119.84.149.34:20003/publish2/dataSearchPub/entList.aspx Beijing Changan Automobile Company Beijing Municipal Release Platform of Business and Public Institutions Environmental Information http:/ Hefei Changan Automobile Co.,Ltd.Anhui Provincial Release Platform of Discha

260、rging Units Self-Monitoring Information http:/39.145.0.253:8081/index Nanjing Changan Automobile Co.,Ltd.Jiangsu Provincial Release Platform of Discharging Units Self-Monitoring Information http:/218.94.78.61:8080/newPub/web/home.htm Kaicene Automobile Technology Co.,Ltd.(formerly known as Hebei Cha

261、ngan or Baoding Changan Bus)National Pollution Source Monitoring Information Management and Sharing Platform https:/ Administrative penalties for environmental problems during the reporting period None.Measures taken to reduce carbon emissions and the results during the reporting period Applicable N

262、ot applicable Our carbon peak and carbon neutrality goals:to peak carbon emissions by 2027 and achieve carbon neutrality by 2045.The company strives to reduce the carbon emission intensity per unit of production by 30%by 2025 and reduce the carbon emission of the supply chain by 30%in 2030 compared

263、to 2020.To fulfill these goals,in the first half of 2022,Changan manufacturing units have taken solid steps in energy saving and carbon reduction,with carbon emissions per unit down by 12%from the end of the“13th Five-Year Plan”.We actively carried forward energy restructuring.Hefei and Hebei bases

264、have built 42MW photovoltaic power plants.We took the initiative in generating and using green and clean energy.In the first half of the year,Changan consumed a total of 19 million kWh of green power with a carbon emission Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 35 reduc

265、tion of 16,000 tons.Chongqing and Nanjing bases have been steadily building photovoltaic plants,which will add 57MW installed capacity,about 46.64 million kWh green power every year.The equivalent carbon emission reduction will be 41,000 tons every year.We will scale up the share of green power to r

266、educe carbon emissions.The company carried out low-carbon technology research in multiple fields.In the field of new energy,we mastered 25 core technologies including Cell to Chassis,X-in-one e-powertrain,central controller development and VEM testing.We aim to build a new energy powertrain system p

267、latform with excellent performance,quality and cost efficiency and provide users with a worry-free,safe and reliable low-carbon mobility experience.In the field of new power,we focus on the layout of high-efficiency hybrid power,intelligent plug-in hybrid systems and hydrogen engines to offer soluti

268、ons with multiple powertrain options and build an industry-leading BlueCore powertrain platform to provide users with“efficient,low-carbon and intelligent”interaction experience.In the field of new materials,we focused on the R&D in integrated aluminum alloy die-casting technology,advanced thermofor

269、ming technology,steel and aluminum hybrid body technology.The company completed research on the performance of key low-carbon materials such as recycled aluminum alloy,recycled PP,recycled fabrics and bio-based nylon.By 2030,the application of low-carbon materials will be more than 40%,which will re

270、duce the carbon emission of vehicle material by 30%.In the future,Changan will continue to strengthen technology and system innovation,and make breakthroughs in green low-carbon core technologies and accelerate the application.With carbon reduction as the key strategic direction,the company will pro

271、mote the reduction of pollution and carbon emissions in manufacturing,products,supply chain,etc.Also,Changan will promote the overall green transformation of economic and social development and improve the ecological and environmental quality from quantitative change to qualitative change.Others(env

272、ironmental credit evaluation and solid waste disposal)During the reporting period,Liangjiang Plant,Jiangbei Engine Plant,Yubei Plant,Lingyao Automobile and other production bases carried out environmental credit evaluation in 2021 according to the requirements of the local authorities of ecological

273、environment.During the reporting period,74,003 tons of general industrial solid waste were generated,of which 73,893 tons were disposed.12,122 tons of hazardous waste were generated,of which 11,981 tons were disposed.The company has verified the qualifications and technical capabilities of the third

274、 party entrusted to dispose of the waste.II.Social Responsibility Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era,Changan Auto fully applied the guiding principles of the 19th CPC National Congress and all the plenary sessions of the 19th CPC Central Committee.Th

275、e company deeply implemented the spirit of the State Council of the Central Committee on Promoting Rural Revitalization in 2022,and firmly implemented the decisions and plans of the government,highlighted annual tasks,targeted initiatives and practical orientation.Changan effectively advanced dedica

276、ted poverty alleviation efforts,fulfilled the political and social responsibilities and contributed our part to the comprehensive promotion of rural revitalization.1.Strengthening organizational leadership (1)The company held two meetings of the leading group for dedicated poverty alleviation to stu

277、dy the annual work plan and review and adjust the companys leading group for dedicated poverty alleviation.(2)The company held 21 meetings on the theme of dedicated poverty alleviation for rural revitalization to identify key assistance projects,study the plan,formulate measures and promote the work

278、.2.Promoting assistance projects(1)Industrial support Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 36 The company implemented the local governments overall plan for implementing rural revitalization,with the new mode of“enterprises joining hands with enterprises to drive indu

279、stry”.By promoting marketing and sales channels,improving the brand and corporate image,building business management system,we fully boosted the Youyang Camellia Oil assistance project for rural revitalization and strived to create a new form of cross-field charity,fulfilling social responsibility a

280、s a state-owned enterprise.In the first half of the year,we helped to achieve sales of camellia oil of RMB 18,716,000.For industries with distinctive features in Chongqing,the company formulated the assistance plan and encouraged employees to purchase Tan Mei Zi chili products and sold the products

281、through Changan Mall,achieving a sales assistance of RMB43,500.(2)Skills support To give full play to the advantages of the automobile industry by skill training,the company signed a project cooperation agreement and an agreement on the integration of industry and education with Chongqing Youyang Vo

282、cational Education Center to promote local employment.We implemented campus recruitment in Youyang,Chongqing and recruited a total of 120 students.(3)Support through consumption The pro-consumption projects were launched to promote rural revitalization.In the first half of the year,RMB426,400 of agr

283、icultural products were sold from the areas targeted for assistance.Trade union organizations at all levels gave priority to agricultural and subsidiary agricultural products for targeted assistance when purchasing gifts and rewards for employees.The trade union made full use of various traditional

284、media and new forms of media of increase support through consumption and encouraged employees to purchase and help to sell the products,broadened the sales channels and promoted the industrial development of the areas and increased stable income of the people.3.Review and mobilization campaign The c

285、ompany reviewed the work of rural revitalization and mobilize all units to take the initiative and committed to the work to create a good atmosphere for jointly promoting rural revitalization.The project management team of designated assistance for rural revitalization was awarded the honorary title

286、 of“Chongqing Pioneer Worker”by the Chongqing Municipal Federation of Trade Unions.Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 37 Chapter 6 Important Matters I.Commitments finished in implementation by the Company,shareholders,actual controller,acquirer,directors,supervisors

287、,senior executives or other related parties in the reporting period and commitments unfinished in implementation at the end of the reporting period Applicable Not applicable Undertakings Undertaking party Type of undertaking Description Date Duration Performance Undertakings made at the IPO or refin

288、ancing China South Industries Group Co.,Ltd.;China Changan Automobile Group Co.,Ltd.;Southern Industry Asset Management Co.,Ltd.Sales restrictions for shares The shares of Changan Automobile subscribed through this offering shall not be transferred in any way within 36 months after the offering,incl

289、uding but not limited to public transfer through the securities market or by agreement.October,2020 36 Months In normal progress Whether the promise is fulfilled as scheduled Yes II.Non-operating funds the listed company occupied by controlling shareholders and their related parties Applicable Not a

290、pplicable During the reporting period,there was no non-operating funds of the listed company occupied by the controlling shareholder and related parties.III.Irregular external guarantee Applicable Not applicable The Company has no irregular external guarantee during the reporting period.IV.Appointme

291、nt and dismissal of the accounting firm Is the semi-annual financial report audited?Yes No Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 38 V.The board of directors,and supervisors explaining the non standard audit report from the accounting firm during the reporting period Ap

292、plicable Not-applicable VI.The board of directors explaining the non standard audit report of last year Applicable Not-applicable VII.Bankruptcy and restructuring Applicable Not applicable During the report period,there is no bankruptcy or restructuring.VIII.Crucial litigation events Crucial litigat

293、ion and arbitration events Applicable Not-applicable During the report period,the company has no crucial litigation or arbitration events.Other litigation events Applicable Not-applicable IX.Punishment and rectification Applicable Not applicable X.The integrity of company,its controlling shareholder

294、 and actual controller Applicable Not applicable XI.Significant related-party transactions 1.Related-party transactions related to daily operation Applicable Not-applicable For details,please refer to Note 12“Related Party Relationships and Transactions”under Chapter 10.2.Related-party transaction o

295、f acquisition or sales of assets or equity Applicable Not applicable 3.Related-party transactions of common foreign investment Applicable Not applicable 4.Related rights and debt relations Applicable Not-applicable For details,please refer to Note 12“Related Party Relationships and Transactions”unde

296、r Chapter 10.Whether there is any non-business-related credits and debts Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 39 Yes No There is no non-operating associated credits and debts during the reporting period.5.Transactions with associated financial companies Applicable Not

297、 applicable Deposit Related party Relationship Maximum daily deposit limit(RMB:10,000)Interest rate Beginning balance(RMB:10,000)Amount incurred in the current period Ending balance(RMB:10,000)Total deposit amount(RMB:10,000)Total withdrawal amount(RMB:10,000)China South Industries Group Finance Co.

298、,Ltd.A company controlled by the actual controller of Changan Automobile 2,000,000 0.35%-2.1%1,965,298 14,841,430 15,120,446 1,686,282 Changan Automobile Finance Co.,LTD A company controlled by the actual controller of Changan Automobile 1,500,000 2.25%1,200,000 330,000 480,000 1,050,000 Loan Relate

299、d party Relationship Loan amount(RMB:10,000)Interest rate Beginning balance(RMB:10,000)Amount incurred in the current period Ending balance(RMB:10,000)Total amount of loan(RMB:10,000)Total repayment amount(RMB:10,000)China South Industries Group Finance Co.,Ltd.A company controlled by the actual con

300、troller of Changan Automobile 50,000 1%-4.75%7,330 6,807 90 14,047 Credit granting or other financial business Related party Relationship Business Total amount(RMB:10,000)Actual amount incurred(RMB:10,000)China South Industries A company controlled by Credit granting 950,000 313,250 Chongqing Changa

301、n Automobile Company Limited 2022 Semi-Annual Report 40 Group Finance Co.,Ltd.the actual controller of Changan Automobile 6.Transactions between the financial company controlled by the company and related parties Applicable Not applicable 7.Other significant related-party transactions Applicable Not

302、 applicable Interim announcement of major related-party transactions on the website XII.Major contracts and their performance 1.Custody,contracting and leasing（1）Custody Applicable Not-applicable Custody information There is no custody during the reporting period.（2）Contracting Applicable Not-applic

303、able There is no contracting during the reporting period.（3）Leasing Applicable Not-applicable Leasing information Leasing of related parties can be found in Item 5(2)of Note twelve of Financial Statements“Related Party and Related Transactions”.Projects whose profit and loss to the company account f

304、or more than 10%of total profits during the reporting period.Applicable Not-applicable There was no project whose profit and loss to the company accounted for more than 10%of total profits during the reporting period.2.Guarantee Applicable Not-applicable Theres no guarantee during the report period.

305、3.Entrust wealth management Applicable Not-applicable Theres no entrusting wealth management during the reporting period.Interim announcement Interim announcement date Wsebsite Announcement of Expected Related-party Transactions in the Ordinary Course of 2022 April 28,2022 http:/ Announcement on Rel

306、ated-party Transactions of China South Industries Group Finance Co.,Ltd.Providing Financial Services for Changan Automobile May 21,2022 Announcement on Related-party Transactions of Changan Automobile Finance Co.,Ltd.Providing Financial Services for Changan Automobile May 21,2022 Chongqing Changan A

307、utomobile Company Limited 2022 Semi-Annual Report 41 4.Other major contracts Applicable Not applicable There are no other major contracts of the Company during the reporting period.XIII.Other important events Applicable Not applicable XIV.Important matters of the Companys subsidiary Applicable Not a

308、pplicable Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 42 Chapter 7 Changes in the Shareholding of the Company and Shareholders I.Change in shareholdings 1.Change in shareholdings Unit:One share Before change Changes（+，-）After change Quantity Ratio Additional issued Stock div

309、idend Provident fund transfer Other Subtotal Quantity Ratio I.Shares with sales restrictions 519,818,865 6.81%155,945,659 155,945,659 675,764,524 6.81%1.State-owned legal person shares 396,393,645 5.19%118,918,093 118,918,093 515,311,738 5.19%2.Other domestic shares 122,490,320 1.61%36,747,096 36,74

310、7,096 159,237,416 1.61%Including:Domestic legal person shares Domestic natural person shares 122,490,320 1.61%36,747,096 36,747,096 159,237,416 1.61%3.Foreign shares 934,900 0.01%280,470 280,470 1,215,370 0.01%Including:Foreign legal person shares Foreign natural person shares 934,900 0.01%280,470 2

311、80,470 1,215,370 0.01%II.Shares without sales restrictions 7,112,334,537 93.19%2,133,700,361 2,133,700,361 9,246,034,898 93.19%1.Ordinary shares denominated in RMB 5,849,553,939 76.64%1,754,866,182 1,754,866,182 7,604,420,121 76.64%2.Domestic listed foreign shares 1,262,780,598 16.55%378,834,179 378

312、,834,179 1,641,614,777 16.55%III.Total shares 7,632,153,402 100.00%2,289,646,020 2,289,646,020 9,921,799,422 100.00%Reasons for share change Applicable Not applicable The company implemented the 2021 annual equity distribution(see the Announcement on the Implementation of 2021 Annual Dividend Distri

313、bution and Capital Share Increase by Transfer for more information).The distribution plan went:based on the total capital share of 7,632,153,402,distribute RMB 2.33 for each 10 shares Cash(tax included)to all shareholders and increase by transferring 3 shares for each 10 shares to all shareholders b

314、y capital reserve.The total number of capital share was 9,921,799,422 after the transfer.Approval of share change Applicable Not applicable The matter was reviewed and approved by the 38th meeting of the 8th Session of Board of Directors on April 26,2022,and was Chongqing Changan Automobile Company

315、Limited 2022 Semi-Annual Report 43 reviewed and approved by the companys 2021 annual general meeting of shareholders on June 15,2022.Transfer of shares Applicable Not applicable See Chapter 7,I,1,Reasons for share change for details.Implementation progress of share repurchase Applicable Not applicab

316、le Implementation progress of reducing and repurchasing shares by means of centralized bidding Applicable Not applicable Impact of share changes on financial indicators such as basic earnings per share and diluted earnings per share in the latest year and the latest period,and net assets per share a

317、ttributable to ordinary shareholders of the company Applicable Not applicable The basic earnings per share at the beginning of the reporting period was RMB 0.17 yuan per share,and at the end of the period is 0.60 yuan per share.The diluted earnings per share at the beginning of the reporting period

318、was RMB 0.17 yuan per share,and at the end of the period is 0.59 yuan per share.The net assets per share attributable to ordinary shareholders at the beginning were RMB 7.30 per share,and at the end of the period is RMB 6.12 per share.Other information deemed necessary by the company or required by

319、securities regulators to disclose Applicable Not applicable 2.Changes in restricted shares Applicable Not applicable Unit:share(s)Name of shareholders Number of restricted shares at the beginning of the period Number of shares with sales restriction removed during the reporting period Increase durin

320、g the reporting period Number of restricted shares at the end of the period Reasons for restrictions Date of removal of sales restriction China South Industries Group Co.,Ltd.3,870,280-1,161,084 5,031,364 Non-public issuance of A shares in 2020 2023-10-26 China Changan Automobile Group Co.,Ltd.130,8

321、41,122-39,252,336 170,093,458 Non-public issuance of A shares in 2020 2023-10-26 Southern Industry Asset Management Co.,Ltd.261,682,243-78,504,673 340,186,916 Non-public issuance of A shares in 2020 2023-10-26 Zhu Huarong 26,460-7,938 34,398 Lock-up stocks for executives 6 months after the retiremen

322、t A-share restricted stock 34,860,395-10,458,118 45,318,513 Equity incentive 2023-03-05 A-share restricted stock 34,860,395-10,458,118 45,318,513 Equity incentive 2024-03-05 A-share restricted stock 35,916,770-10,775,032 46,691,802 Equity incentive 2025-03-05 A-share restricted stock 5,861,196-1,758

323、,359 7,619,555 Equity incentive 2023-12-31 A-share restricted stock 5,861,196-1,758,359 7,619,555 Equity incentive 2024-12-31 A-share restricted stock 6,038,808-1,811,642 7,850,450 Equity incentive 2025-12-31 Total 519,818,865-155,945,659 675,764,524-Chongqing Changan Automobile Company Limited 2022

324、 Semi-Annual Report 44 II.Issuing and listing of securities Applicable Not-applicable III.Shareholding and shareholders of the company Unit:share(s)At the end of the report period,the total number of shareholders 664,305 Number of shareholders holding preference shares with restored voting rights at

325、 the end of the reporting period 0 Shareholders holding more than 5%of the shares,or top 10 shareholders Name Nature Percentage Number of shares held as of the end of the reporting period Increase/decrease during the Reporting Period Number of shares held with sales restrictions Number of shares hel

326、d without sales restrictions Condition of shares(pledged,labeled or frozen)Status Amount China Changan Automobile Group Co.,Ltd.State-owned legal person 17.97%1,783,090,143 411,482,340 170,093,458 1,612,996,685 Not pledged,labeled or frozen China South Industries Group Co.,Ltd.State-owned legal pers

327、on 14.22%1,410,747,155 285,364,756 5,031,364 1,405,715,791 Southern Industry Asset Management Co.,Ltd.State-owned legal person 5.10%506,243,257 49,175,367 340,186,916 166,056,341 China Securities Finance Co.,Ltd.Domestic general legal person 4.30%426,362,905 98,391,439 426,362,905 United Prosperity

328、Investment Co.,Ltd.Foreign legal person 2.83%280,498,832 64,730,500 280,498,832 Hong Kong Securities Clearing Co.,Ltd.Foreign legal person 1.67%165,913,975-74,772,465 165,913,975 China Merchants Securities(HK)Co.,Ltd.State-owned legal person 0.50%50,022,341-5,669,661 50,022,341 China Construction Ba

329、nk Corporation-Huaxia Energy Reform Equity Securities Investment Fund Funds,wealth management products,etc.0.49%49,073,312-6,799,132 49,073,312 GUOTAI JUNAN SECURITIES(HONGKONG)LIMITED Foreign legal person 0.46%45,203,695 15,039,257 45,203,695 China Construction Bank Co.,Ltd.-China Guangfa Securitie

330、s Co.,Ltd.(all index auto)initiated securities Funds,wealth management products,etc.0.44%43,352,836 20,339,989 43,352,836 Chongqing Changan Automobile Company Limited 2022 Semi-Annual Report 45 investment fund Description of the related party relationship or acting in concert among the above shareho

331、lders Among the top 10 shareholders,the actual controller China South Industries Group Co.,Ltd.and its wholly-owned subsidiary Southern Industry Asset Management Co.,Ltd.,the controlling shareholder China Changan Automobile Group Co.,Ltd.and its wholly-owned subsidiary United Prosperity Investment C

332、o.,Ltd.are parties acting in concert by“Measures for the Administration of Takeover of Listed Companies”.Description of the above-mentioned shareholders entrusting/being entrusted with voting rights and waiver of voting rights None Shareholdings of the top 10 ordinary shareholders of unrestricted sh

333、ares Shareholders Number of shares without sales restrictions at the end of the reporting period Shares type Type Number China Changan Automobile Group Co.,Ltd.1,612,996,685 RMB ordinary shares 1,612,996,685 China South Industries Group Co.,Ltd.1,405,715,791 RMB ordinary shares 1,405,715,791 China Securities Finance Co.,Ltd.426,362,905 RMB ordinary shares 426,362,905 United Prosperity Investment C