杭汽轮机股份有限公司 2015 年第三季度报告
Stock code:200771 Stock ID:Hangqilun B Announcement No.2015-72
Hangzhou Steam Turbine Co., Ltd.
The 3rd Quarterly Report 2015(Full Text)
1 Important notes
The Board of Directors,the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Zheng Bin, The Company Leader, Mr. Pu Yangshuo, Chief financial officer and the Mr.Zhao Jiamao, the
person in charge of the accounting department (the person in charge of the accounting )hereby confirm the
authenticity and completeness of the financial report enclosed in the report.
1
杭汽轮机股份有限公司 2015 年第三季度报告
II.Main financial data and changes of shareholders
(1)Main accounting data and financial Index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not.
No
As at the end of the As at the end of last
Changed (%)over end of prev. year
reporting period year
Gross assets(RMB) 7,878,473,837.07 7,552,058,947.02 4.32%
Net assets attributable to the
shareholders of the listed company 4,285,742,488.14 4,450,598,244.32 -3.70%
(RMB)
Increase/decrease Between beginning
over the same of the year to the Changed (%)over
Reporting period
period of last year end of the report end of prev. year
(%) period
Operating income(RMB) 493,672,866.88 -30.13% 1,548,669,193.12 -36.79%
Net profit attributable to the
shareholders of the listed company -78,993,858.42 -546.97% -89,276,191.74 -148.53%
(RMB)
Net profit after deducting of
non-recurring gain/loss attributable to
-88,136,672.99 -457.27% -110,300,713.34 -166.61%
the shareholders of listed company
(RMB)
Cash flow generated by business
-- -- 275,609,830.02 30.76%
operation, net(RMB)
Basic earning per share(RMB/Share) -0.105 -546.97% -0.118 -148.36%
Diluted gains per
-0.105 -546.97% -0.118 -148.36%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio
-1.83% -1.54% -2.04% -6.35%
(%)
Items and amount of non-current gains and losses
In RMB
Amount (Year-beginning to the
Items Notes
end of the report period.)
Non-current asset disposal gain/loss(including the write-off part for
-321,207.57
which assets impairment provision is made)
Govemment subsidy recognized in current gain and loss(excluding
9,525,674.00
those closely related to the Company’s business and granted under the
2
杭汽轮机股份有限公司 2015 年第三季度报告
state’s policies)
Gain/loss from change of fair value of transactional financial asset and
liabilities, and investment gains from disposal of transactional financial
13,493,718.06
assets and liabilities and sellable financial assets other than valid period
value instruments related to the Company’s common businesses
Other non-business income and expenditures other than the above 6,641,505.10
Less:Amount of influence of income tax 5,396,149.24
Influence on minority shareholders’ equity (after tax) 2,919,018.75
Total 21,024,521.60 --
None of non-recurring gain/loss items recognized as recurring gain/loss items as defined by the Information
Disclosure Explanatory Announcement No.1 – Non-recurring gain/loss in the report period.
(II) Total number of shareholders and shareholding of top 10 shareholders by the end of the report period
(1) Total number of common shareholders and shareholding of top 10 common shareholders by the end of the
report period
In Shares
Total number of shareholders at the
15,540
end of report period
Particular about shares held by top ten shareholders
Amount of Pledging or
Share tradable freezing
Properties of
Shareholder name proportion Quantity shares with
shareholder Status of Quan
% Conditional
the shares tity
held
State-owned 479,824,80
Hangzhou Steam Turbine Power Group Co., Ltd. 63.64% 479,824,800
legal person 0
GUOTAI JUNAN SECURITIES(HONGKONG) Foreign Legal
1.89% 14,284,477 0
LIMITED person
Foreign Legal
First Shanghai Securities Co., Ltd. 0.68% 5,095,921 0
person
Foreign Legal
NORGES BANK 0.57% 4,303,675 0
person
CHINA INT'L CAPITAL CORP HONG KONG Foreign Legal
0.41% 3,066,768 0
SECURITIES LTD person
Foreign Legal
GIC PRIVATE LIMITED 0.35% 2,665,330 0
person
VANGUARD TOTAL INTERNATIONAL STOCK Foreign Legal
0.30% 2,286,336 0
INDEX FUND person
BOCHK INVESTMENT FUNDS-BOCHK CHINA Foreign Legal
0.30% 2,273,227 0
GOLDEN DRAGON FUND person
3
杭汽轮机股份有限公司 2015 年第三季度报告
Foreign Legal
AUSTRALIANSUPER PTY LTD 0.28% 2,108,321 0
person
Domestic
Xia Zulin natural person 0.28% 2,100,000 0
shares
Shareholding of top 10 shareholders of unrestricted shares
Quantity of Share type
unrestricted shares
Name of the shareholder
held at the end of Share type Quantity
the reporting period
Foreign shares placed in
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 14,284,477 14,284,477
domestic exchange
Foreign shares placed in
First Shanghai Securities Co., Ltd. 5,095,921 5,095,921
domestic exchange
Foreign shares placed in
NORGES BANK 4,303,675 4,303,675
domestic exchange
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES Foreign shares placed in
3,066,768 3,066,768
LTD domestic exchange
Foreign shares placed in
GIC PRIVATE LIMITED 2,665,330 2,665,330
domestic exchange
VANGUARD TOTAL INTERNATIONAL STOCK INDEX Foreign shares placed in
2,286,336 2,286,336
FUND domestic exchange
BOCHK INVESTMENT FUNDS-BOCHK CHINA GOLDEN Foreign shares placed in
2,273,227 2,273,227
DRAGON FUND domestic exchange
Foreign shares placed in
AUSTRALIANSUPER PTY LTD 2,108,321 2,018,321
domestic exchange
Foreign shares placed in
Xia Zulin 2,100,000 2,100,000
domestic exchange
Foreign shares placed in
Taifook Securities Company Limited-Account Client 1,753,655 1,753,655
domestic exchange
(1) It is unknown whether there is any relationship
Explanation on associated relationship among the aforesaid among the 10 unrestricted current-share holders. (2) None of
shareholders other shareholders is acting-in-concert as described by
Administration Rules of Information Disclosure on Change of
Shareholding Position.
No agreed repurchasing trade by shareholders in the report period
2. Total of shareholders and top-10 preferential shareholders at end of the report period: Not applicable
III Significant Events
I. Particulars and causations of material change in major accounting items and indices.
Balance sheet items End of term Beginning of term Scale of Remarks on the change
change
Inventories 2,238,230,893.16 1,594,074,228.69 40.41% Mainly caused by the increase of
pause and delay of the
headquarters’ delivery unit.
Account payables 1,011,671,506.98 763,085,718.92 32.58% Mainly caused by the increase of
4
杭汽轮机股份有限公司 2015 年第三季度报告
payables for the headquarters’
major accessories.
Tax payable 17,666,778.67 126,091,260.73 -85.99% Mainly caused by the decrease of
the current sales, which brought
in decrease of related tax expense
accordingly
Income statement items End of term Same period of last Scale of Remarks on the change
term change
Operation income 1,548,669,193.12 2,449,907,171.38 -36.79% Mainly caused by the recession
in the whole equipment
manufacturing industry, which
brought in a falling in
the company’s sales
performance
Operation cost 998,351,747.61 1,501,106,574.52 -33.49% Mainly caused by the decrease of
sales income, which brought in
decrease of sales cost
accordingly
Financial expenses 3,734,964.80 13,514,406.60 -72.36% Mainly caused by decrease of the
current average bank loan
balance, which brought in
decrease of related interest
expense accordingly
Income tax expenses 11,535,844.37 41,577,702.02 -72.25% Mainly caused by the falling of
the current profit, which brought
in decrease of income tax
expense accordingly
Asset impairment loss 67,120,657.09 107,639,925.91 -37.64% Mainly caused by the accounting
estimate of the current changes in
the bad-debt provision of
receivables
Cash Flow statement items End of term Same period of last Scale of Remarks on the change
term change
Net cash flow generated by -123,207,589.47 -239,012,783.71 -48.45% Mainly caused by the current
investment purchase of financial products
decreased year on year
Net cash flow generated by -129,049,862.51 -406,522,951.44 -68.26% Mainly caused by the repayment
financing to the bank loan and the dividend
distribution
Net increasing of cash and 26,366,068.26 -434,376,078.12 -106.07% Mainly caused by the increase of
cash equivalents net cash flow generated by the
current investment and financing
activity
5
杭汽轮机股份有限公司 2015 年第三季度报告
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
For Hangzhou Steam Turbine Group, the holding shareholder of the Company, is according with the unified
deployment of Hangzhou State-owned Asset Commission, the Company is arranging Turbine Group Mixed
Ownership Reform. This reform may bring in significant adjustments and changes to the holding shareholders and
shareholding structure of Turbine Group which closely relates to the Company. During the suspending period, the
Company will fulfill the obligation of disclosing information according to the reform progress and relevant
provisions.
Description of the website for disclosing
Overview of material matters Date of disclosing
provisional announcements
For Hangzhou Steam Turbine
Group, the holding shareholder of http://www.cninfo.com.cn (2015-33)、
the Company, is arranging May 29,June 5, June 12, June 19, June 26, July (2015-34)、(2015-36)、(2015-37)、
Turbine Group Mixed Ownership 3, July 10,July 17,July 24, July 31,August 7, (2015-38)、 (2015-39)、(2015-40)、
Reform, and after the Company’s August 14,August 21,August 28,September (2015-42)、(2015-43)、2015-44)、
application to Shenzhen Stock 8,September 15,September 22 and September (2015-45)、(2015-46)、 (2015-47)、
Exchange, the Company’s shares 29. (2015-62)、(2015-63)、(2015-64)、
suspended trading as of May 29, (2015-65)、(2015-66)
2015.
III.The commitments of the Company and its shareholders holding over 5% of the Company’s total shares in the
report year of extending to the report year from previous year.
IV.Prediction of Business performance for 2015.
According to the financial condition and production management achievement of the first three quarters and the
estimation of the fourth quarter’s operation performance, the net profit attributable to listed company’s
shareholders of the Company of 2015 is expected to be loss. Investors please be aware of the investment risks. For
annual performance changes of 2015, investors please follow the related announcements of performance
projection of 2015 annual reports published by the Company during the period of statutory disclosure.
V. The Company did not have any security investments during the reporting period.
VI. The Company did not hold any equity interests in other listed companies as at the end of the reporting period
VII.The Company did not hold any derivative investments during the reporting period.
VIII. Reception of investigation, communication, or visiting in report period.
Content of discussion and materials
Date Place Mode Type Visitor
provided
The mid-term and long-term
Hangzhou Steam Turbine On-site Individua
August 7, 2015 Individual development plan of the company,
Co., Ltd. research l industry condition, market
6
杭汽轮机股份有限公司 2015 年第三季度报告
Investigat sharehold competitiveness, the delisting of the
ion er company’s shares , the status of
mixed ownership’s reform VII.
Reception of investigation,
communication, or visiting in report
period
7
杭汽轮机股份有限公司 2015 年半年度报告
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by : Hangzhou Steam Turbine Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset:
Monetary fund 640,324,132.17 613,958,063.91
Settlement provision
Outgoing call loan
Financial assets measured at fair value with variations
accounted into current income account
Derivative financial assets
Bill receivable 517,304,764.42 701,109,938.01
Account receivable 2,088,683,149.48 2,388,919,641.98
Prepayments 183,746,143.61 172,022,768.39
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 28,766,523.96 25,382,223.32
Repurchasing of financial assets
Inventories 2,238,230,893.16 1,594,074,228.69
Assets held for sales
Non-current asset due in 1 year
Other current asset 511,584,141.64 382,070,235.56
Total of current assets 6,208,639,748.44 5,877,537,099.86
Non-current assets:
Loans and payment on other’s behalf disbursed
Disposable financial asset 509,409,741.77 498,990,862.94
Expired investment in possess
8
杭汽轮机股份有限公司 2015 年半年度报告
Long-term receivable
Long term share equity investment
Property investment
Fixed assets 632,039,679.95 678,033,380.86
Construction in progress 107,962,881.89 89,469,259.14
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 306,962,392.81 304,100,619.77
R & D petrol
Goodwill
Long-germ expenses to be amortized 1,432,382.52 1,041,796.52
Differed income tax asset 112,027,009.69 102,885,927.93
Other non-current asset
Total of non-current assets 1,669,834,088.63 1,674,521,847.16
Total of assets 7,878,473,837.07 7,552,058,947.02
Current liabilities
Short-term loans 193,200,000.00 198,600,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair value with variations
accounted into current income account
Derivative financial liabilities
Bill payable 138,884,886.50 150,763,452.14
Account payable 1,011,671,506.98 763,085,718.92
Advance payment 1,765,344,655.68 1,374,736,209.67
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 53,016,504.86 65,672,706.09
Tax payable 17,666,778.67 126,091,260.73
Interest payable
Dividend payable
9
杭汽轮机股份有限公司 2015 年半年度报告
Other account payable 30,112,675.90 29,597,889.12
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year
Other current liability
Total of current liability 3,209,897,008.59 2,708,547,236.67
Non-current liabilities:
Long-term loan 23,700,000.00 18,500,000.00
Bond payable
Long-term payable 330,000.00 330,000.00
Long-term payable employees’s remuneration
Special payable
Expected liabilities
Differed income 7,401,909.90 8,252,705.00
Differed income tax liability 1,017,473.05 1,017,473.05
Other non-current liabilities
Total non-current liabilities 32,449,382.95 28,100,178.05
Total of liability 3,242,346,391.54 2,736,647,414.72
Owners’ equity
Share capital 754,010,400.00 754,010,400.00
Capital reserves 139,590,345.09 139,590,345.09
Less:Shares in stock
Other comprehensive income -1,115,155.51 -640,401.72
Special reserves 24,899,379.31 24,603,149.96
Surplus reserves 621,112,807.78 621,112,807.78
Common risk provision
Undistributed profit 2,747,244,711.47 2,911,921,943.21
Total of owner’s equity belong to the parent company 4,285,742,488.14 4,450,598,244.32
Minority shareholders’ equity 350,384,957.39 364,813,287.98
10
杭汽轮机股份有限公司 2015 年半年度报告
Total of owners’ equity 4,636,127,445.53 4,815,411,532.30
Total of liabilities and owners’ equity 7,878,473,837.07 7,552,058,947.02
Legal Representative:Zheng Bin Person in charge of accounting:Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
2.Parent Company Balance Sheet
In RMB
Items At the end of term Beginning of term
Current asset:
Monetary fund 280,913,517.85 248,509,410.84
Financial assets measured at fair value with variations
accounted into current income account
Derivative financial assets
Bill receivable 256,051,427.92 385,543,218.94
Account receivable 1,638,359,899.08 2,010,980,253.99
Prepayments 69,236,041.34 72,514,421.98
Interest receivable
Dividend receivable
Other account receivable 20,097,411.89 33,537,812.35
Inventories 1,814,078,428.53 1,159,102,793.67
Assets held for sales
Non-current asset due in 1 year
Other current asset 237,610,865.54 30,000,000.00
Total of current assets 4,316,347,592.15 3,940,187,911.77
Non-current assets:
Disposable financial asset 465,604,378.26 454,010,862.94
Expired investment in possess
Long-term receivable
Long term share equity investment 502,919,378.03 502,919,378.03
Property investment
Fixed assets 320,780,055.07 354,282,465.72
Construction in progress 76,292,095.51 67,302,264.59
Engineering material
Fixed asset disposal
Production physical assets
11
杭汽轮机股份有限公司 2015 年半年度报告
Gas & petrol
Intangible assets 178,883,759.72 181,918,239.41
R & D petrol
Goodwill
Long-germ expenses to be amortized 1,015,547.54 1,015,547.54
Differed income tax asset 81,749,087.20 74,164,090.15
Other non-current asset
Total of non-current assets 1,627,244,301.33 1,635,612,848.38
Total of assets 5,943,591,893.48 5,575,800,760.15
Current liabilities
Short-term loans 100,000,000.00 100,000,000.00
Financial liabilities measured at fair value with variations
accounted into current income account
Derivative financial liabilities
Bill payable 13,000,000.00
Account payable 660,329,686.61 448,755,575.94
Advance payment 1,316,347,368.49 977,630,617.45
Employees’ wage payable 31,407,750.83 44,164,067.67
Tax payable 3,002,187.11 88,238,458.17
Interest payable
Dividend payable
Other account payable 18,276,946.59 19,738,024.51
Liabilities held for sales
Non-current liability due in 1 year
Other current liability
Total of current liability 2,142,363,939.63 1,678,526,743.74
Non-current liabilities:
Long-term loan
Bond payable
Long-term payable
Employees’ wage Long-term payable
Special payable
Expected liabilities
Differed income 512,804.90 111,250.00
Differed income tax liability 1,017,473.05 1,017,473.05
12
杭汽轮机股份有限公司 2015 年半年度报告
Other non-current liabilities
Total of Non-current liabilities 1,530,277.95 1,128,723.05
Total of liability 2,143,894,217.58 1,679,655,466.79
Owners’ equity
Share capital 754,010,400.00 754,010,400.00
Other equity instrument
Capital reserves 138,953,250.09 138,953,250.09
Less:Shares in stock
Other comprehensive income
Special reserves 10,511,915.73 10,511,915.73
Surplus reserves 602,356,402.65 602,356,402.65
Undistributed profit 2,293,865,707.43 2,390,313,324.89
Total of owners’ equity 3,799,697,675.90 3,896,145,293.36
Total of liabilities and owners’ equity 5,943,591,893.48 5,575,800,760.15
Legal Representative:Zheng Bin Person in charge of accounting:Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
3.Consolidated Profit statement of the Report period
In RMB
Same period of the previous
Item Report period
year
I. Income from the key business 493,672,866.88 706,544,529.11
Incl:Business income 493,672,866.88 706,544,529.11
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 580,669,969.95 705,484,827.53
Incl:Business cost 335,842,400.43 426,659,724.36
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
13
杭汽轮机股份有限公司 2015 年半年度报告
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 2,224,854.69 3,132,113.23
Sales expense 35,992,771.84 40,281,485.15
Administrative expense 163,337,321.94 178,682,753.46
Financial expenses -1,197,475.54 4,311,919.88
Asset impairment loss 44,470,096.59 52,416,831.45
Add:Gains from change of fir value (“-”for loss)
Investment gain(“-”for loss) 3,226,553.62 4,110,745.22
Incl: investment gains from affiliates
Gains from currency exchange(“-”for loss)
III. Operational profit(“-”for loss -83,770,549.45 5,170,446.80
Add:Non-business income 10,459,046.84 644,378.96
Incl:Gains from disposal of non-current assets -29,583.00 -347,012.69
Less:Non business expenses 1,039,638.56 1,449,834.18
Incl:Loss from disposal of non-current assets -303,677.88 -120,844.93
IV.Total profit(“-”for loss) -74,351,141.17 4,364,991.58
Less:Income tax expenses 245,388.17 1,903,773.35
V. Net profit(“-”for net loss -74,596,529.34 2,461,218.23
Net profit attributable to the owners of parent company -78,993,858.42 -12,209,753.03
Minority shareholders’ equity 4,397,329.08 14,670,971.26
VI. Net after-tax of Other comprehensive income -741,835.57 -211,118.68
Net after-tax
of other comprehensive income attributable to owners of the parent c -315,870.62 -89,893.49
ompany.
(I)Other comprehensive income items that will not be reclassified
into gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or
net assets
2.Other comprehensive income under the equity method investee can
not be reclassified into profit or loss.
(II)
-315,870.62 -89,893.49
Other comprehensive income that will be reclassified into profit or l
14
杭汽轮机股份有限公司 2015 年半年度报告
oss.
1.Other comprehensive income under the equity method investee can
be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sale finan
cial assets
3.Held-to-maturity investments reclassified to gains and losses of av
ailable for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements -315,870.62 -89,893.49
6.Other
Net after-tax of other comprehensive income attributable to Minority
-425,964.95 -121,225.19
shareholders’ equity
VII. Total comprehensive income -75,338,364.91 2,250,099.55
Total comprehensive income attributable to the owner of the parent
-79,309,729.04 -12,299,646.52
company
Total comprehensive income attributable minority shareholders 3,971,364.13 14,549,746.07
VIII. Earnings per share
(I)Basic earnings per share -0.105 -0.016
(II)Diluted earnings per share -0.105 -0.016
Legal Representative:Zheng Bin Person in charge of accounting:Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
4. Profit statement of the Parent Company of the Report period
In RMB
Items Report period Same period of the previous year
I. Income from the key business 267,659,008.23 443,746,680.14
Incl:Business cost 208,002,999.52 295,827,680.15
Business tax and surcharge 0.00 147,931.96
Sales expense 25,074,884.70 25,112,415.75
Administrative expense 104,296,835.88 116,945,798.30
Financial expenses -1,927,945.06 3,148,783.60
Asset impairment loss 29,974,171.98 39,732,317.21
Add:Gains from change of fir value (“-”for loss) 0.00 0.00
Investment gain(“-”for loss) 1,249,986.09 619,989.06
15
杭汽轮机股份有限公司 2015 年半年度报告
Incl: investment gains from affiliates 0.00 0.00
II. Operational profit(“-”for loss -96,511,952.70 -36,548,257.77
Add:Non-business income 4,196,931.14 496,938.53
Incl:Gains from disposal of non-current assets 0.00 0.00
Less:Non business expenses 472,554.73 743,746.68
Incl:Loss from disposal of non-current assets 0.00 0.00
III.Total profit(“-”for loss) -92,787,576.29 -36,795,065.92
Less:Income tax expenses -4,496,125.80 -5,534,058.28
IV. Net profit(“-”for net loss) -88,291,450.49 -31,261,007.64
V. Net after-tax of Other comprehensive income
(I)Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit plans of changes in net de
bt or net assets
2.Other comprehensive income under the equity method investe
e can not be reclassified into profit or loss.
(II)
Other comprehensive income that will be reclassified into profit
or loss.
1.Other comprehensive income under the equity method investe
e can be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sale
financial assets
3.Held-to-maturity investments reclassified to gains and losses
of available for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements
6.Other
VI. Total comprehensive income -88,291,450.49 -31,261,007.64
VII. Earnings per share:
(I)Basic earnings per share -0.117 -0.041
(II)Diluted earnings per share -0.117 -0.041
Legal Representative:Zheng Bin Person in charge of accounting:Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
16
杭汽轮机股份有限公司 2015 年半年度报告
5. Consolidated Profit statement between the beginning of the year and end of the report period
In RMB
Items Report period Same period of the previous year
I. Total operating income 1,548,669,193.12 2,449,907,171.38
Including:Operating income 1,548,669,193.12 2,449,907,171.38
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 1,660,201,348.38 2,222,781,370.80
Including:Operating cost 998,351,747.61 1,501,106,574.52
Interest expense
Commission chare and commission expense
Cash surrender value
Net amount of expense of compensation
Net amount of withdrawal of insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 8,559,448.11 14,558,787.17
Sales expenses 103,927,345.93 108,479,459.34
Administration expenses 478,507,184.84 477,482,217.26
Financial expenses 3,734,964.80 13,514,406.60
Losses of devaluation of assets 67,120,657.09 107,639,925.91
Add :Changing income of fair value
Investment income 42,458,015.67 37,778,981.98
Including:Investment income on affiliate company and joint
venture
Exchange income
III. Operating profit -69,074,139.59 264,904,782.56
Add :Non-operating income 16,744,253.39 12,838,708.67
Including :Disposal Gains of non-current assets
Less:Non-operating expense 3,196,801.45 6,002,486.34
17
杭汽轮机股份有限公司 2015 年半年度报告
Including :Disposal loss of non-current assets
IV. Total profit -55,526,687.65 271,741,004.89
Less:Income tax 11,535,844.37 41,577,702.02
V. Net profit(“-”for net loss -67,062,532.02 230,163,302.87
Net profit attributable to the owners of parent company -89,276,191.74 183,965,097.98
Minority shareholders’ equity 22,213,659.72 46,198,204.89
VI. Net after-tax of Other comprehensive income -1,114,979.45 540,231.59
Net after-tax of
other comprehensive income attributable to owners of the paren -474,753.79 230,028.45
t company.
(I)Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit plans of changes in net de
bt or net assets
2.Other comprehensive income under the equity method investe
e can not be reclassified into profit or loss.
(II)
Other comprehensive income that will be reclassified into profit -474,753.79 230,028.45
or loss.
1.Other comprehensive income under the equity method investe
e can be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sale
financial assets
3.Held-to-maturity investments reclassified to gains and losses
of available for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements -474,753.79 230,028.45
6.Other
Net after-tax of
other comprehensive income attributable to Minority -640,225.66 310,203.14
shareholders’ equity
VII. Total comprehensive income -68,177,511.47 230,703,534.46
Total comprehensive income attributable to the owner of the
-89,750,945.53 184,195,126.43
parent company
18
杭汽轮机股份有限公司 2015 年半年度报告
Total comprehensive income attributable minority
21,573,434.06 46,508,408.03
shareholders
VIII. Earnings per share
(I)Basic earnings per share -0.118 0.244
(II)Diluted earnings per share -0.118 0.244
Legal Representative:Zheng Bin Person in charge of accounting:Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
6.Profit Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Report period Same period of the previous year
I. Business income 888,233,056.51 1,645,224,984.09
Less:Business cost 633,240,390.71 1,077,000,448.16
Business tax and surcharge 1,398,211.91 6,188,669.35
Sales expense 70,652,269.86 67,650,712.32
Administrative expense 308,110,674.99 302,983,112.05
Financial expenses 2,903,060.49 11,235,672.66
Asset impairment loss 55,164,345.10 88,881,876.60
Add:Gains from change of fir value (“-”for loss)
Investment gain(“-”for loss) 148,139,180.05 196,472,798.54
Incl: investment gains from affiliates
II. Operational profit -35,096,716.50 287,757,291.49
Add:Non-business income 7,082,545.09 1,541,026.53
Incl:Gains from disposal of non-current assets
Less:Non business expenses 1,177,214.68 3,231,719.44
Incl:Loss from disposal of non-current assets
III.Total profit -29,191,386.09 286,066,598.58
Less:Income tax expenses -8,144,808.63 16,025,728.94
IV. Net profit) -21,046,577.46 270,040,869.64
V. Net after-tax of Other comprehensive income
Net after –tax
of profit of other comprehensive income attributable to owners
of the parent company.
(I)Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting
19
杭汽轮机股份有限公司 2015 年半年度报告
period
1.Re-measurement of defined benefit plans of changes in net de
bt or net assets
2.Other comprehensive income under the equity method investe
e can not be reclassified into profit or loss.
(II)
Other comprehensive income that will be reclassified into profit
or loss.
1.Other comprehensive income under the equity method investe
e can be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sale
financial assets
3.Held-to-maturity investments reclassified to gains and losses
of available for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements
6.Other -21,046,577.46 270,040,869.64
V. Earnings per share
(I)Basic earnings per share -0.028 0.358
(II)Diluted earnings per share -0.028 0.358
Legal Representative:Zheng Bin Person in charge of accounting:Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Same period of the
Items Report period
previous year
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 1,863,008,900.61 2,249,496,848.88
Net increase of customer deposits and capital kept for brother
company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
20
杭汽轮机股份有限公司 2015 年半年度报告
Net increase of trade financial asset disposal
Cash received as interest, processing fee and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 3,923,733.08 727,421.29
Other cash received from business operation 39,495,626.45 11,400,718.81
Sub-total of cash inflow 1,906,428,260.14 2,261,624,988.98
Cash paid for purchasing of merchandise and services 802,483,049.81 1,142,505,900.71
Net increase of client trade and advance
Net increase of savings n central bank and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 515,899,321.06 483,472,204.24
Taxes paid 207,976,861.79 263,554,947.64
Other cash paid for business activities 104,459,197.46 161,323,590.63
Sub-total of cash outflow from business activities 1,630,818,430.12 2,050,856,643.22
Cash flow generated by business operation, net 275,609,830.02 210,768,345.76
II.Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 42,458,402.03 37,778,981.98
Net cash retrieved from disposal of fixed assets, intangible
149,120.20 1,143,341.52
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 1,189,105,999.95 1,506,500,000.00
Sub-total of cash inflow due to investment activities 1,231,713,522.18 1,545,422,323.50
Cash paid for construction of
fixed assets, intangible assets 44,795,233.90 64,653,546.21
and other long-term assets
Cash paid as investment 10,419,276.30 19,380,000.00
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
21
杭汽轮机股份有限公司 2015 年半年度报告
Other cash paid for investment activities 1,299,706,601.45 1,700,401,561.00
Sub-total of cash outflow due to investment activities 1,354,921,111.65 1,784,435,107.21
Net cash flow generated by investment -123,207,589.47 -239,012,783.71
III.Cash flow generated by financing
Cash received as investment 11,740,000.00 1,989,626.40
Incl: Cash received as investment from minor shareholders
Cash received as loans 90,400,000.00 113,100,000.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing activities 102,140,000.00 115,089,626.40
Cash to repay debts 90,600,000.00 279,040,000.00
Incl: Dividend and profit paid by subsidiaries to minor
shareholder
Other cash paid for financing activities
Sub-total of cash outflow due to financing activities 231,189,862.51 521,612,577.84
Net cash flow generated by financing -129,049,862.51 -406,522,951.44
IV. Influence of exchange rate alternation on cash and cash
3,013,690.22 391,311.27
equivalents
V.Net increase of cash and cash equivalents 26,366,068.26 -434,376,078.12
Add: balance of cash and cash equivalents at the beginning of
613,958,063.91 883,141,568.17
term
VI ..Balance of cash and cash equivalents at the end of term 640,324,132.17 448,765,490.05
Legal Representative:Zheng Bin Person in charge of accounting:Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of
1,222,686,383.60 1,511,986,900.40
services
Tax returned 2,122,030.27 495,978.53
Other cash received from business operation 1,643,931.08 2,919,304.73
Sub-total of cash inflow 1,226,452,344.95 1,515,402,183.66
22
杭汽轮机股份有限公司 2015 年半年度报告
Cash paid for purchasing of merchandise and services 598,048,343.03 764,505,559.08
Cash paid to staffs or paid for staffs 352,513,290.86 340,242,709.56
Taxes paid 96,364,022.69 141,456,732.73
Other cash paid for business activities 21,553,427.07 82,644,685.61
Sub-total of cash outflow from business activities 1,068,479,083.65 1,328,849,686.98
Cash flow generated by business operation, net 157,973,261.30 186,552,496.68
II.Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 148,139,577.52 196,472,798.54
Net cash retrieved from disposal of fixed assets,
1,926.00
intangible assets, and other long-term assets
Net cash received from disposal of subsidiaries or
other operational units
Other investment-related cash received 200,000,000.00 408,000,000.00
Sub-total of cash inflow due to investment activities 348,141,503.52 604,472,798.54
Cash paid for construction of
fixed assets, intangible assets 25,625,615.45 33,205,930.34
and other long-term assets
Cash paid as investment 11,593,912.79
Net cash received from subsidiaries and other
operational units
Other cash paid for investment activities 360,000,601.50 508,000,000.00
Sub-total of cash outflow due to investment activities 397,220,129.74 541,205,930.34
Net cash flow generated by investment -49,078,626.22 63,266,868.20
III.Cash flow generated by financing
Cash received as investment
Cash received as loans
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing activities
Cash to repay debts 160,000,000.00
23
杭汽轮机股份有限公司 2015 年半年度报告
Cash paid as dividend, profit, or interests 78,902,151.12 159,170,746.67
Other cash paid for financing activities
Sub-total of cash outflow due to financing activities 78,902,151.12 319,170,746.67
Net cash flow generated by financing -78,902,151.12 -319,170,746.67
IV. Influence of exchange rate alternation on cash and
2,411,623.05 -175,536.37
cash equivalents
V.Net increase of cash and cash equivalents 32,404,107.01 -69,526,918.16
Add: balance of cash and cash equivalents at the
248,509,410.84 295,292,983.14
beginning of term
VI ..Balance of cash and cash equivalents at the end
280,913,517.85 225,766,064.98
of term
Legal Representative:Zheng Bin Person in charge of accounting:Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
II. Auditor‘s report
The Q3 Report is not audited.
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Zheng Bin
October 28, 2015
24
首页
微信公众号
证券之星APP
