Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Stock Code：200771 Stcok ID: Hangqilun B Announcement No.2016-51
Hangzhou Steam Turbine Co., Ltd.
The 1st Quarterly Report 2016
April 2016
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
I. Important Prompt
The Board of Directors, The Supervisory Committee, the supervisors and the directors of the Company guarantee
that there are no significant omissions, fictitious or misleading statements carried in the Report and we will accept
individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Chairman Mr. Zheng Bin, Chief Financial Officer Pu Yangshuo, and the Chief of Accounting Department Ms.
Zhao Jiamao hereby declare: the Financial Statement in the report is guaranteed to be truthful and complete.
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
II. Main financial data and changes of shareholders
I. Main financial data and indices
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not.
No
Changes of this period over
This period Same period of last year
same period of last year（％）
Operating income（RMB） 687,834,749.02 492,164,586.38 39.76%
Net profit attributable to the shareholders
6,620,245.62 7,698,917.29 -14.01%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 2,908,791.39 2,401,000.86 21.15%
listed company（RMB）
Cash flow generated by business operation,
18,550,921.62 -49,305,018.54 137.62%
net（RMB）
Basic earning per share(RMB/Share) 0.01 0.01
Diluted gains per
0.01 0.01
share(RMB/Share)(RMB/Share)
Weighted average return on equity
0.16% 0.18% -0.02%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 7,831,657,292.38 7,683,777,005.63 1.92%
Net assets attributable to the shareholders
4,225,792,870.27 4,219,337,312.80 0.15%
of the listed company（RMB）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to
Non-recurring gain and loss items Notes
the end of the report period.)
Non-current asset disposal gain/loss(including the write-off part
-2,286.95
for which assets impairment provision is made)
Govemment subsidy recognized in current gain and 314,200.00
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
loss(excluding those closely related to the Company’s business
and granted under the state’s policies)
Gain/loss from change of fair value of transactional financial
asset and liabilities, and investment gains from disposal of
transactional financial assets and liabilities and sellable financial 4,321,846.55
assets other than valid period value instruments related to the
Company’s common businesses.
Other non-operating income and expenditure except for the
29,495.30
aforementioned items
Less: Amount of influence of income tax 810,718.47
Amount of influence of minority interests（After tax） 141,082.20
Total 3,711,454.23 --
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the
Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders
with the voting power
Total number of common shareholders at the period-end 15,963 0
recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or
Share tradable shares freezing
Properties of
Shareholder name proportion Quantity with
shareholder Status of Quant
% Conditional
the shares ity
held
State-owned
Hangzhou Steam Turbine Power Group Co., Ltd. 63.64% 479,824,800 479,824,800
legal person
Overseas
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED legal person 4.88% 13,388,185 0
Overseas
NORGES BANK legal person 1.57% 4,303,675 0
Overseas
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND legal person 1.04% 2,861,636 0
Overseas
GIC PRIVATE LIMITED legal person 0.97% 2,665,330 0
Overseas
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD legal person 0.93% 2,546,768 0
Overseas
First Shanghai Securities Co., Ltd. legal person 0.83% 2,278,901 0
Overseas
BOCHK INVESTMENT FUNDS-BOCHK CHINA GOLDEN DRAGON FUND legal person 0.83% 2,273,227 0
Overseas
AUSTRALIANSUPER PTY LTD legal person 0.77% 2,108,321 0
Domestic
Xia Zulin Natural 0.77% 2,100,000 0
person
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of the Share type
Shareholders’ Names non-restricted
Share type Quantity
shares held
Foreign shares
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 13,388,185 placed in domestic 13,388,185
exchange
Foreign shares
NORGES BANK 4,303,675 placed in domestic 4,303,675
exchange
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Foreign shares
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 2,861,636 placed in domestic 2,861,636
exchange
Foreign shares
GIC PRIVATE LIMITED 2,665,330 placed in domestic 2,665,330
exchange
Foreign shares
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD 2,546,768 placed in domestic 2,546,768
exchange
Foreign shares
First Shanghai Securities Co., Ltd. 2,278,901 placed in domestic 2,278,901
exchange
Foreign shares
BOCHK INVESTMENT FUNDS-BOCHK CHINA GOLDEN DRAGON FUND 2,273,227 placed in domestic 2,273,227
exchange
Foreign shares
AUSTRALIANSUPER PTY LTD 2,108,321 placed in domestic 2,108,321
exchange
Foreign shares
Xia Zulin 2,100,000 placed in domestic 2,100,000
exchange
Foreign shares
CREDIT SUISSE (HONG KONG) LIMITED 2,040,503 placed in domestic 2,040,503
exchange
(1) There is not any relationship between Hangzhou
Steam Turbine Group Power Group Co., Ltd. and other
shareholders; (2) It is unknown to the Company if there
is any relationship among the top 10 common share
Explanation on associated relationship or concerted action of the above shareholders holders without restriction; (3) Hangzhou Steam
Turbine Group Co., Ltd. is not an “action-in-concert”
party with any of other shareholders as described by the
“Administration Rules of Informational Disclosure
about Change of Shareholding Statues of PLCs”.
Note to the top 10 common stockholders involved in margin financing & securities
Not applicable
lending (If any)
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
Not applicable
III. Significant Events
I. Changes in the principal accounting statement items and financial indications and the causes
Balance sheet items Ending balance in Opening balance Proportion Causes of change
CNY in CNY of the
change
Monetary funds 617,412,115.04 751,596,796.24 -17.85% Mainly caused by the purchase of financial
product at the current period
Short-term loans 55,250,000.00 85,350,000.00 -35.27% Mainly caused by the casting subsidiary’s
repayment of bank debt at the current period
Account receivable 1,023,941,174.17 810,420,381.45 26.35% Mainly caused by the increase in the payable with
tentative estimation of the head office
Profit statement items Amount in the Same period of Proportion Causes of change
reporting period the previous n f the
year , CNY change
Turnover 687,834,749.02 492,164,586.38 39.76% Mainly caused by the sales incomes realized
according to the contract’s progress at the current
period
Administrative expense 179,385,377.44 162,410,760.41 10.45% Mainly caused by the increase in the Company’s
research and development expenditure year on
year
Asset impairment loss 65,049,476.00 -44,831,478.70 245.10% Mainly caused by the increase in long-aging
receivables and in bad-debt provision with large
corresponding withdrawal
Total profit 12,921,893.35 22,910,055.62 -43.60% Mainly caused by large increase in the assets
impairment loss withdrawn form the current
receivables
Cash flow statement Amount in the Same period of Proportion Causes of change
Items reporting period the previous n f the
year , CNY change
Cash flow generated by 18,550,921.62 -49,305,018.54 137.62% Mainly caused by that the sales of 2015
business operation, net substantially decreased the corresponding tax
carried over the this year’s payment year on year
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Net cash flow generated -118,577,325.06 111,725,212.49 -206.13% Mainly caused by the increase in the net amount of
by investment financial product expense at the current period
Net cash flow generated -34,422,806.47 -10,925,944.80 -215.06% Mainly caused by the decrease in the current bank
by Financing debt year on year
II. Progress of Significant Events, their Influences and Analytical Notice on the Solutions
For Hangzhou Steam Turbine Group Co., Ltd., 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. After the Company’s application to Shenzhen Stock Exchange, the Company’s shares
suspended trading as of May 29, 2015. During the suspension, the Company will fulfill the obligation of
disclosing information according to the reform progress and relevant provisions. On March 4, 2016, the Company
disclosed the progress of major issues and the announcement of resumption of trading（2016-11）.
Inquiry index of the website for disclosing
Description of Significant Events Date of Disclosure
provisional reports
The company’s application submitted to
Shenzhen Stock Exchange, the company’s share
March 4,2016 http://www.cninfo.com.cn(2016-11)
trading shall be resumed on the morning of the
day of March 4, 2016.
Hangzhou Stream Turbine Group, the
controlling shareholder’s the Company, made a April 1,2016 http://www.cninfo.com.cn(2016-41)
pause in the mixed ownership reform.
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
Non-existence
IV. Anticipation of Business Performance from January to June, 2016
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or comparing with the
same period of last year, and statement of causations.
Not applicable
V. Investment in securities
Non-existence
VI. Investment in derivatives
Non-existence
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the
Reporting Period
Reception time Way of reception Types of visitors Basic index
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
March 25,2016 Onsite investigation Organization 2016-01
VIII. Outward Guarantee against the Regulations
Not applicable
IX. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related
Parties
Non-existence
IV.Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by:：Hangzhou Steam Turbine Co., Ltd.
March 31, 2016
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 617,412,115.04 751,596,796.24
Settlement provision
Outgoing call loan
Financial assets measured at fair value with variations
accounted into current income account
Derivative financial assets
Bill receivable 594,834,359.13 680,518,943.49
Account receivable 2,040,361,691.48 2,096,090,157.61
Prepayments 200,783,587.26 139,267,324.65
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 29,516,586.03 25,574,057.29
Repurchasing of financial assets
Inventories 2,107,366,923.14 1,826,869,838.60
Assets held for sales
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Non-current asset due in 1 year
Other current asset 523,708,432.72 427,203,835.44
Total of current assets 6,113,983,694.80 5,947,120,953.32
Non-current assets：
Loans and payment on other’s behalf disbursed
Disposable financial asset 509,409,741.77 509,409,741.77
Expired investment in possess
Long-term receivable
Long term share equity investment
Property investment
Fixed assets 621,839,340.63 642,155,636.34
Construction in progress 123,915,505.02 119,187,107.52
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 302,658,403.15 304,949,207.18
R & D petrol
Goodwill
Long-germ expenses to be amortized 1,890,730.11 2,029,471.80
Deferred income tax asset 157,959,876.90 158,924,887.70
Other non-current asset
Total of non-current assets 1,717,673,597.58 1,736,656,052.31
Total of assets 7,831,657,292.38 7,683,777,005.63
Current liabilities
Short-term loans 55,250,000.00 85,350,000.00
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 179,925,130.35 194,226,049.73
Account payable 1,023,941,174.17 810,420,381.45
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Advance payment 1,740,931,262.70 1,736,820,949.19
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 49,716,277.33 70,257,474.46
Tax payable 20,071,907.42 36,008,109.09
Interest payable
Dividend payable
Other account payable 33,918,873.15 29,705,125.51
Reinsurance fee payable 300,000.00 300,000.00
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 3,104,054,625.12 2,963,088,089.43
Non-current liabilities：
Long-term loan 123,400,000.00 123,400,000.00
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable 330,000.00 330,000.00
Long-term payable employees’s remuneration
Special payable
Expected liabilities
Deferred income 10,297,155.13 6,804,425.00
Deferred income tax liability 1,017,473.05 1,017,473.05
Other non-current liabilities 147,000.00
Total non-current liabilities 135,191,628.18 131,551,898.05
Total of liability 3,239,246,253.30 3,094,639,987.48
Owners’ equity
Share capital 754,010,400.00 754,010,400.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 139,590,345.09 139,590,345.09
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Less：Shares in stock
Other comprehensive income -940,745.67 -852,752.00
Special reserves 31,688,226.03 31,764,920.51
Surplus reserves 621,112,807.78 621,112,807.78
Common risk provision
Undistributed profit 2,680,331,837.04 2,673,711,591.42
Total of owner’s equity belong to the parent company 4,225,792,870.27 4,219,337,312.80
Minority shareholders’ equity 366,618,168.81 369,799,705.35
Total of owners’ equity 4,592,411,039.08 4,589,137,018.15
Total of liabilities and owners’ equity 7,831,657,292.38 7,683,777,005.63
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 202,977,385.03 387,916,202.79
Financial assets measured at fair value with variations
accounted into current income account
Derivative financial assets
Bill receivable 245,173,422.33 365,504,827.88
Account receivable 1,568,349,222.00 1,637,391,672.98
Prepayments 91,866,300.52 53,440,645.95
Interest receivable
Dividend receivable
Other account receivable 39,994,141.93 12,245,371.97
Inventories 1,709,815,843.44 1,454,420,457.64
Assets held for sales
Non-current asset due in 1 year
Other current asset 340,498,476.72 170,653,680.58
Total of current assets 4,198,674,791.97 4,081,572,859.79
Non-current assets：
Disposable financial asset 465,604,378.26 465,604,378.26
Expired investment in possess
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Long-term receivable
Long term share equity investment 502,919,378.03 502,919,378.03
Property investment
Fixed assets 318,881,804.93 334,677,256.20
Construction in progress 83,069,302.75 79,982,551.34
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 176,860,773.26 177,872,266.49
R & D petrol
Goodwill
Long-germ expenses to be amortized 761,660.66 761,660.66
Deferred income tax asset 120,771,991.85 120,771,991.85
Other non-current asset
Total of non-current assets 1,668,869,289.74 1,682,589,482.83
Total of assets 5,867,544,081.71 5,764,162,342.62
Current liabilities
Short-term loans
Financial liabilities measured at fair value with variations
accounted into current income account
Derivative financial liabilities
Bill payable 13,500,000.00
Account payable 590,701,193.65 436,004,535.90
Advance payment 1,402,737,749.73 1,428,724,224.76
Employees’ wage payable 30,602,543.02 51,373,858.57
Tax payable 2,965,692.91 3,538,126.39
Interest payable
Dividend payable
Other account payable 22,951,394.44 20,338,742.44
Classified as held for sale debt
Non-current liability due in 1 year
Other current liability
Total of current liability 2,049,958,573.75 1,953,479,488.06
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Non-current liabilities：
Long-term loan 100,000,000.00 100,000,000.00
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable to employees
Special payable
Expected liabilities
Deferred income 3,514,980.13 22,250.00
Deferred income tax liability 1,017,473.05 1,017,473.05
Other non-current liabilities
Total of Non-current liabilities 104,532,453.18 101,039,723.05
Total of liability 2,154,491,026.93 2,054,519,211.11
Owners’ equity
Share capital 754,010,400.00 754,010,400.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 138,953,250.09 138,953,250.09
Less：Shares in stock
Other comprehensive income
Special reserves 13,098,989.67 13,098,989.67
Surplus reserves 602,356,402.65 602,356,402.65
Undistributed profit 2,204,634,012.37 2,201,224,089.10
Total of owners’ equity 3,713,053,054.78 3,709,643,131.51
Total of liabilities and owners’ equity 5,867,544,081.71 5,764,162,342.62
Legal Representative: Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
3.Consolidated Income statement
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 687,834,749.02 492,164,586.38
Incl：Business income 687,834,749.02 492,164,586.38
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 678,666,814.16 475,487,480.86
Incl：Business cost 393,516,347.50 323,494,418.80
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 3,928,086.05 2,790,342.25
Sales expense 35,428,813.22 33,169,650.97
Administrative expense 179,385,377.44 162,410,760.41
Financial expenses 1,358,713.95 -1,546,212.87
Asset impairment loss 65,049,476.00 -44,831,478.70
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 4,321,846.55 2,705,961.44
Incl: investment gains from affiliates
Gains from currency exchange（“-”for loss）
III. Operational profit（“-”for loss） 13,489,781.41 19,383,066.96
Add ：Non-operational income 427,545.14 4,764,884.00
Including：Income from disposal of non-current assets
Less：Non business expenses 995,433.20 1,237,895.34
Incl：Loss from disposal of non-current assets 2,286.95
IV.Total profit(“-”for loss) 12,921,893.35 22,910,055.62
Less：Income tax expenses 5,488,846.31 8,797,005.43
V. Net profit 7,433,047.04 14,113,050.19
Net profit attributable to the owners of parent company 6,620,245.62 7,698,917.29
Minority shareholders’ equity 812,801.42 6,414,132.90
VI. Other comprehensive income -206,656.87 -78,978.29
Net of profit of other comprehensive income attributable to owners of the parent co
-87,993.67 -33,628.64
mpany.
（I）Other comprehensive income items that will not be reclassified into
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
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 reclassi
fied into profit or loss.
（II）
-87,993.67 -33,628.64
Other comprehensive income that will be reclassified into profit or loss.
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 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
Net of profit of other comprehensive income attributable to Minority
-118,663.20 -45,349.65
shareholders’ equity
VII. Total comprehensive income 7,226,390.17 14,034,071.90
Total comprehensive income attributable to the owner of the parent company 6,532,251.95 7,665,288.65
Total comprehensive income attributable minority shareholders 694,138.22 6,368,783.25
VIII. Earnings per share
（I）Basic earnings per share 0.01 0.01
(II)Diluted earnings per share 0.01 0.01
Legal Representative: Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
4. Income statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 444,691,641.41 341,346,099.84
Less：Business cost 249,624,442.47 257,152,480.22
Business tax and surcharge 2,196,050.90 369,162.31
Sales expense 22,321,192.89 22,736,698.67
Administrative expense 122,056,468.72 106,269,020.69
Financial expenses -22,425.04 1,724,356.87
Asset impairment loss 53,718,028.56 -28,650,041.06
Add：Gains from change of fir value （“-”for loss）
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Investment gain（“-”for loss） 9,066,918.00 56,348,295.89
Incl: investment gains from affiliates
II. Operational profit（“-”for loss） 3,864,800.91 38,092,718.03
Add ：Non-operational income 514.00 2,700,000.00
Including：Income from disposal of non-current assets
Less：Non business expenses 455,391.64 368,782.00
Incl：Loss from disposal of non-current assets
III.Total profit(“-”for loss) 3,409,923.27 40,423,936.03
Less：Income tax expenses
IV. Net profit（“-”for net loss） 3,409,923.27 40,423,936.03
V.Net of profit 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 debt or
net assets
2.Other comprehensive income under the equity method investee can
not be reclassified into profit or loss.
（ II ）
Other comprehensive income that will be reclassified into profit or l
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
6.Other
VI. Total comprehensive income 3,409,923.27 40,423,936.03
VII. Earnings per share：
（I）Basic earnings per share 0.0045 0.05
(II)Diluted earnings per share 0.0045 0.05
Legal Representative: Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
5. Consolidated Cash flow statement
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 services 634,119,438.95 545,839,862.44
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
Net increase of the financial assets that are measured at fair value and
whose movement is counted to the current gain and loss
Cash received as interest, processing fee and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 206,444.13 2,243,631.99
Other cash received from business operation 4,527,768.44 8,738,087.71
Sub-total of cash inflow 638,853,651.52 556,821,582.14
Cash paid for purchasing of merchandise and services 352,945,569.94 269,085,899.39
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 179,244,664.51 174,687,085.20
Taxes paid 51,177,497.74 124,021,842.68
Other cash paid for business activities 36,934,997.71 38,331,773.41
Sub-total of cash outflow from business activities 620,302,729.90 606,126,600.68
Cash flow generated by business operation, net 18,550,921.62 -49,305,018.54
II.Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 5,321,846.55 5,301,195.26
18
Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Net cash retrieved from disposal of fixed assets, intangible assets, and
24,250.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational
units
Other investment-related cash received 282,000,000.00 383,999,999.98
Sub-total of cash inflow due to investment activities 287,321,846.55 389,325,445.24
Cash paid for construction of fixed assets, intangible assets and other
27,199,171.61 14,568,642.55
long-term assets
Cash paid as investment 5,975,590.25
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 378,700,000.00 257,055,999.95
Sub-total of cash outflow due to investment activities 405,899,171.61 277,600,232.75
Net cash flow generated by investment -118,577,325.06 111,725,212.49
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from minor shareholders
Cash received as loans 20,000,000.00 55,400,000.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing activities 20,000,000.00 55,400,000.00
Cash to repay debts 50,100,000.00 55,400,000.00
Cash paid as dividend, profit, or interests 4,322,806.47 10,925,944.80
Incl: Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities
Sub-total of cash outflow due to financing activities 54,422,806.47 66,325,944.80
Net cash flow generated by financing -34,422,806.47 -10,925,944.80
IV. Influence of exchange rate alternation on cash and cash equivalents 264,528.71 1,669,114.22
V.Net increase of cash and cash equivalents -134,184,681.20 53,163,363.37
Add: balance of cash and cash equivalents at the beginning of term 751,596,796.24 613,958,063.91
VI ..Balance of cash and cash equivalents at the end of term 617,412,115.04 667,121,427.28
Legal Representative: Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
6. Cash Flow Statement of the Parent Company
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 services 384,359,061.84 329,122,942.49
Tax returned 2,122,030.27
Other cash received from business operation 3,837,208.00 526,913.71
Sub-total of cash inflow 388,196,269.84 331,771,886.47
Cash paid for purchasing of merchandise and services 209,390,179.45 212,838,807.91
Cash paid to staffs or paid for staffs 124,656,555.17 123,377,161.90
Taxes paid 13,782,902.84 80,459,433.07
Other cash paid for business activities 40,683,952.46 10,909,165.95
Sub-total of cash outflow from business activities 388,513,589.92 427,584,568.83
Cash flow generated by business operation, net -317,320.08 -95,812,682.36
II.Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 9,066,918.00 56,348,295.89
Net cash retrieved from disposal of fixed assets, intangible
assets, and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 120,000,000.00 30,000,000.00
Sub-total of cash inflow due to investment activities 129,066,918.00 86,348,295.89
Cash paid for construction of fixed assets, intangible assets
23,359,420.46 5,779,711.97
and other long-term assets
Cash paid as investment 5,975,590.25
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 290,000,000.00
Sub-total of cash outflow due to investment activities 313,359,420.46 11,755,302.22
Net cash flow generated by investment -184,292,502.46 74,592,993.67
III.Cash flow generated by financing
Cash received as investment
Cash received as loans
Cash received from bond placing
20
Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2016(Full text)
Other financing –related ash received
Sub-total of cash inflow from financing activities
Cash to repay debts
Cash paid as dividend, profit, or interests 1,150,000.00
Other cash paid for financing activities
Sub-total of cash outflow due to financing activities 1,150,000.00
Net cash flow generated by financing -1,150,000.00
IV. Influence of exchange rate alternation on cash and cash
-328,995.22 756,465.27
equivalents
V.Net increase of cash and cash equivalents -184,938,817.76 -21,613,223.42
Add: balance of cash and cash equivalents at the beginning of
387,916,202.79 248,509,410.84
term
VI ..Balance of cash and cash equivalents at the end of term 202,977,385.03 226,896,187.42
Legal Representative:Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
II. Auditors’ Report
The first Quarterly Report not audited
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Zheng Bin
April 21,2016
21
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