苏常柴Ｂ:2023年年度报告(英文版)

CHANGCHAI COMPANY, LIMITED
ANNUAL REPORT 2023
April 2024

Part I Important Notes, Table of Contents and Definitions
The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management of Changchai Company, Limited (hereinafter referred to
as the “Company”) 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
misrepresentations, misleading statements or material omissions therein.
Xie Guozhong, the Company’s legal representative and General Manager, and Jiang He, head
of the Company’s financial department (equivalent to financial manager) hereby guarantee
that the Financial Statements carried in this Report are factual, accurate and complete.
All the Company’s directors have attended the Board meeting for the review of this Report
and its summary.
Any plans for the future and other forward-looking statements mentioned in this Report shall
NOT be considered as absolute promises of the Company to investors. Therefore, investors
are kindly reminded to pay attention to possible investment risks.
The Company has described in detail the risks it might face in “XI Prospects” in “Part III
Management Discussion andAnalysis” herein.
The Board has approved a final dividend plan as follows: based on the 705,692,507 shares, a
cash dividend of RMB0.47 (tax inclusive) per 10 shares is to be distributed to the shareholders,
with no bonus issue from either profit or capital reserves.

Table of Contents

Part I Important Notes, Table of Contents and Definitions...... 2
Part II Corporate Information and Key Financial Information...... 6
Part III Management Discussion andAnalysis......12
Part IV Corporate Governance......43
Part V Environmental and Social Responsibility......65
Part VI Significant Events......66
Part VII Share Changes and Shareholder Information......74
Part VIII Preferred Shares......82
Part IX Bonds......83
Part X Financial Statements......84
DocumentsAvailable for Reference
1. The financial statements signed and sealed by the Company’s legal representative, General
Manager and head of the financial department.
2. The original copy of the Independent Auditor’s Report signed and sealed by the CPAs, as well as
sealed by the CPAfirm.
3. The originals of all the Company’s documents and announcements which were disclosed on
Securities Time and Ta Kung Pao (HK) (newspapers designated by the CSRC for information
disclosure) during the Reporting Period.
4. TheAnnual Report disclosed in other securities markets.
The above-mentioned documents available for reference are all kept in the Secretariat of the Board
of Directors of the Company.
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.

Definitions
Term Definition
“Changchai”, the “Company” or Changchai Company, Limited and its consolidated
“we” subsidiaries, except where the context otherwise requires
Changchai Benniu Changzhou Changchai Benniu Diesel Engine Fittings Co.,
Ltd.
Changchai Wanzhou Changchai Wanzhou Diesel Engine Co., Ltd.
Horizon Investment Changzhou Horizon Investment Co., Ltd.
Horizon Agricultural Equipment Changzhou Changchai Horizon Agricultural Equipment
Co., Ltd.
Changchai Robin Changzhou Fuji Changchai Robin Gasoline Engine Co.,
Ltd.
Xingsheng Real Estate Management Changzhou Xingsheng Real Estate Management Co., Ltd.
Changchai Machinery Jiangsu Changchai Machinery Co., Ltd.
Zhenjiang Siyang Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd.
RMB, RMB’0,000 Expressed in the Chinese currency of Renminbi, expressed
in tens of thousands of Renminbi
The “Reporting Period” or “Current The period from 1 January 2023 to 31 December 2023
Period”

Part II Corporate Information and Key Financial Information
I Corporate Information
Stock name Changchai, Changchai-B Stock code 000570, 200570
Stock exchange for stock listing Shenzhen Stock Exchange
Company name in Chinese 常柴股份有限公司
Abbr. 苏常柴
Company name in English (if any) CHANGCHAI COMPANY,LIMITED
Abbr. (if any) CHANGCAHI CO.,LTD.
Legal representative Xie Guozhong
Registered address 123 Huaide Middle Road, Changzhou, Jiangsu, China
Registered addresses previously used N/A
Zip code 213002
Office