2026年半年度报告（英文版）

2026 Semi-Annual Report of Changchai Company, Limited1CHANGCHAI COMPANY, LIMITED2026 Semi-Annual ReportAugust 20262026 Semi-Annual Report of Changchai Company, Limited2Part I Important Notes, Table of Contents and DefinitionsThe Board of Directors, all directors, and senior management members of the Companywarrant that the content of this semi-annual report is truthful, accurate, and complete,without any false records, misleading statements, or material omissions, and shall bearindividual and joint legal liabilities accordingly.Mr. Xie Guozhong, the legal representative of the Company; Mr. Xie Guozhong, theexecutive in charge of accounting; and Ms. Jiang He, the head of the accounting department(chief accounting officer), hereby confirm the truthfulness, accuracy, and completeness of thefinancial statements in this semi-annual report.All directors attended the Board meeting convened to review this semi-annual report.This report contains forward-looking statements regarding future plans, which do notconstitute substantive commitments to investors. Investors are advised to exercise cautionregarding investment risks.The Company has comprehensively addressed potential risks in “Part III ManagementDiscussion and Analysis” specifically under "X Risks and Countermeasures."The Company plans neither to distribute cash dividends, nor to issue bonus shares, nor toconvert capital reserves into share capital.2026 Semi-Annual Report of Changchai Company, Limited3ContentPart I Important Notes, Table of Contents and Definitions..................................................................2Part II Corporate Information and Key Financial Information............................................................6Part III Management Discussion and Analysis....................................................................................9Part IV Corporate Governance, Environment, and Social Responsibility.........................................28Part V Significant Events...................................................................................................................33Part VI Share Changes and Shareholder Information........................................................................39Part VII Preference Shares.................................................................................................................44Part VIII Financial Statements...........................................................................................................452026 Semi-Annual Report of Changchai Company, Limited4Documents Available for Reference1. Financial statements bearing the signatures and seals of the Company’s legal representative, theexecutive in charge of accounting, and the head of the accounting department (chief accountingofficer).2. Original copies of all announcements and documents disclosed on the China SecuritiesRegulatory Commission (CSRC)-designated websites during the reporting period.3. Semi-annual reports published in oth