Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2016-53
Hangzhou Steam Turbine Co., Ltd.
Performance Forecast of the 1st Half of 2016
The members of the Board and the Company acknowledge being responsible for the truthfulness,
accuracy, and completeness of the announcement. Not any false record, misleading statement or
significant omission carried in this announcement.
I. Forecast of business performance of the current term
1. Period of the forecast: January 1, 2016 – June 30, 2016
2. Forecasted status: Loss
Items This report term Same period last year
Net profit attributable to
the shareholders of the Loss：RMB-38 million-RMB -28 million Loss：RMB-10.28 million
listed company
Basic earnings per share Loss：about RMB -0.05-RMB- 0.04 Loss：RMB -0.01
II. Audition on the business performance prediction
This forecast of performance is not audited.
III. Causation of change in business performance
In terms of the substantial change on the business performance, the reason explained by the board
of directors was: the net profits attributable to the listed company’s shareholders largely declined,
which was mainly due to the accounts receivable of long aging increased lead to the
corresponding provision for bad debts largely increased, resulted in profits decline for the
company.
IV. Related remark
1. The above was the primitive calculating of finance department of the Company, actual figures
will be announced by the Interim Report 2016 released later.
2．Securities Times, Shanghai Securities Daily, Hong Kong Commercial Daily and
http://www.cninfo.com.cn are the official presses of the Company. Please be rational in your
investment and be aware of the investment risks.
The Board of Directors of Hangzhou Steam Turbine Co., Ltd.
July 15, 2016
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