Chongqing Changan Automobile Company Limited(000625) 5 announced on May 20 that due to the implementation of urban renewal by Chongqing Jiangbei District government, Chongqing Jiangbei District Urban Development Group Co., Ltd. was designated to be responsible for the collection and storage of land and houses in the area of Chang’an No. 3 factory, and relevant buildings, structures and ancillary facilities of the company were included in the collection and storage scope. The company plans to sign the housing purchase and storage agreement of urban renewal project in Chang’an No. 3 factory area with district urban development group, and it is expected to obtain compensation of about 605 million yuan.
It is reported that the assets collected and stored this time are 75 buildings (with an area of about 147800 square meters), 25 structures and 50 ancillary facilities with the ownership of Chongqing Changan Automobile Company Limited(000625) on the land in Chang’an No. 3 factory area, Jiangbei District, Chongqing. The original value of the assets is about 322 million yuan. By the end of December 2021, the accumulated depreciation was 227 million yuan, the net book value was 94.12 million yuan, the provision for impairment was 36.24 million yuan, and the book value was 57.88 million yuan.
Chongqing Changan Automobile Company Limited(000625) said that this transaction is conducive to revitalizing the stock assets, effectively implementing the layout of the company’s third entrepreneurial transformation, and in line with the guidance and policy support of Jiangbei District Government of Chongqing. After deducting the book value of assets and disposal taxes from the price received in this asset disposal, it is expected to increase the net profit by 356420 million yuan. According to the agreement, the District Urban Development Group will pay all the above prices in cash before September 30 this year.
According to the latest financial report, in the first quarter of this year, Chongqing Changan Automobile Company Limited(000625) achieved an operating revenue of 34.576 billion yuan, a year-on-year increase of 7.96%; The net profit attributable to the parent company was 4.536 billion yuan, a year-on-year increase of 431.45%, exceeding the level of 3.552 billion yuan in 2021; The net profit after deducting non-profit was 2.270 billion yuan, an increase of 215.24%.
