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Chongqing Changan Automobile

Changan's net profit rose 1,472% yoy to CNY 1,971 mil in 2Q2020

By Helgi Library - September 28, 2020

Chongqing Changan Automobile made a net profit of CNY 1,971 mil with revenues of CNY 21,218 mil in 2Q2020, up by 1% and u...

Changan's Sales rose 53.0% yoy to CNY 21,218 mil in 2Q2020

By Helgi Library - September 28, 2020

Chongqing Changan Automobile generated sales of CNY 21,218 mil in 2Q2020, up 53% compared to the previous year. Historicall...

Changan's Total Cash From Operations rose 196% yoy to CNY 2,801 mil in 2Q2020

By Helgi Library - September 28, 2020

Chongqing Changan Automobile's operating cash flow stood at CNY 2,801 mil in 2Q2020, up 196% when compared to the previous year. ...

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Changan's Cash & Cash Equivalents remain unchanged yoy at CNY mil in 2Q2020

By Helgi Library - October 12, 2020

Chongqing Changan Automobile's total assets reached CNY 102,802 mil at the end of 2Q2020, up 11% compared to the previous year. Current assets amounted to CNY 54,303 mil, or 52.8% of total assets while cash stood at CNY 20,994 mil at the en...

Changan's net profit fell 489% yoy to CNY -2,647 mil in 2019

By Helgi Library - September 28, 2020

Chongqing Changan Automobile made a net profit of CNY -2,647 mil with revenues of CNY 70,595 mil in 2019, down by 489% and up by 6.48%, respectively, compared to the previous year. This translates into a net margin of -3.75%. Historically, between 19...

Changan's employees rose 2.04% yoy to 36,764 in 2019

By Helgi Library - September 28, 2020

Chongqing Changan Automobile employed 36,764 employees in 2019, up 2.04% compared to the previous year. Historically, between 1996 and 2019, the firm's workforce hit a high of 41,173 employees in 2016 and a low of 7,077 employees in 2002. Average per...

Changan's price/earnings (P/E) fell 139% yoy to -18.2 in 2019

By Helgi Library - September 28, 2020

Chongqing Changan Automobile stock traded at CNY 10.0 per share at the end 2019 translating into a market capitalization of USD 6,163 mil. Since the end of 2014, stock has depreciated by 28.5% representing an annual average growth of -6.50%. In absolute...

Changan's P/FCF rose 34,028% yoy to 1,023 in 2019

By Helgi Library - September 28, 2020

Chongqing Changan Automobile stock traded at CNY 10.0 per share at the end 2019 translating into a market capitalization of USD 6,163 mil. Since the end of 2014, the stock has depreciated by 28.5% representing an annual average growth of -6.50%. At the e...

Changan's Net Margin fell 465% yoy to -3.75% in 2019

By Helgi Library - September 28, 2020

Chongqing Changan Automobile made a net profit of CNY -2,647 mil with revenues of CNY 70,595 mil in 2019, down by 489% and up by 6.48%, respectively, compared to the previous year. This translates into a net margin of -3.75%. Historically, between 1995 ...

Changan's ROCE fell 479% yoy to -4.29% in 2019

By Helgi Library - September 28, 2020

Chongqing Changan Automobile made a net profit of CNY -2,647 mil in 2019, down 489% compared to the previous year. Historically, between 1995 and 2019, the company's net profit reached a high of CNY 10,285 mil in 2016 and a low of CNY -2,647 mil in 2019. ...

Changan's Cash & Cash Equivalents rose 22.1% yoy to CNY 11,780 mil in 2019

By Helgi Library - September 28, 2020

Chongqing Changan Automobile's total assets reached CNY 97,617 mil at the end of 2019, up 4.42% compared to the previous year. Current assets amounted to CNY 49,607 mil, or 50.8% of total assets while cash stood at CNY 11,780 mil at the end...

Changan's Share Price rose 52.5% yoy to CNY 10.0 in 2019

By Helgi Library - September 28, 2020

Chongqing Changan Automobile stock traded at CNY 10.0 per share at the end 2019 implying a market capitalization of USD 6,163 mil. Since the end of 2014, stock has appreciated by -28.5% implying an annual average growth of -6.50% In absolute terms, the value of ...

Changan's Net Debt/EBITDA fell 77.1% yoy to 0.671 in 2019

By Helgi Library - September 28, 2020

Chongqing Changan Automobile's net debt stood at CNY 1,935 mil and accounted for 4.41% of equity at the end of 2019. The ratio is down 7.20 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 105% in 1995 a...

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Chang'an Automobile (Chana) is an automobile manufacturer in Chongqing, China, and a state-owned enterprise with China Weaponry Equipment as its parent. Its production is primarily composed of no-frills passenger cars and mini-vehicles, microvans and microtrucks that see commercial use. Also known as Chana, the company is currently one of the "top 4" Chinese automakers along with Dongfeng Motor, FAW Group, and the Shanghai Automotive Industry Corporation. Although this datum only allowed the company to achieve fourth place, in terms of production, Chang'an made more than 1,837,000 whole vehicles in 2011. Foreign automakers that have joined joint ventures with Chang'an include Ford, Suzuki, and PSA Peugeot Citroen.

Chongqing Changan Automobile Logo

Finance

Chongqing Changan Automobile has been growing its sales by 6.78% a year on average in the last 5 years. EBITDA has grown on average by 29.3% a year during that time to total of CNY 2,886 mil in 2019, or 4.09% of sales. That’s compared to 2.63% average margin seen in last five years.

The company netted CNY -2,647 mil in 2019 implying ROE of -5.88% and ROCE of -4.29%. Again, the average figures were 14.2% and 9.45%, respectively when looking at the previous 5 years.

Chongqing Changan Automobile’s net debt amounted to CNY 1,935 mil at the end of 2019, or 4.41% of equity. When compared to EBITDA, net debt was 0.671x, down when compared to average of 0.727x seen in the last 5 years.

Valuation

Chongqing Changan Automobile stock traded at CNY 10.0 per share at the end of 2019 resulting in a market capitalization of USD 6,163 mil. Over the previous five years, stock price fell by 28.5% or -6.50% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 15.4x and price to earnings (PE) of -18.2x as of 2019.