Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2011 (official text)
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2011-33
Hangzhou Steam Turbine Co., Ltd.
The 3rd Quarterly Report 2011 (Official Text)
§1 Important Declaration
1.1 The Board of Directors 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.
1.2 The 3rd Quarterly Report is not audited by CPA.
1.3 Chairman Mr. Nie Zhonghai, General Manager Mr. Yan Jianhuan, Chief Financial Officer Mr. Bai
Ronghua, and the Chief of Accounting Department Mr. Wu Guomei hereby declares: the Financial Statement in
the report is guaranteed to be truthful and complete.
§2 Company Profile
2.1 Financial highlights
In RMB Yuan
2011.9.30 2010.12.31 Extent of Change (%)
Gross Assets (RMB) 6,864,015,421.14 6,092,332,507.21 12.67%
Owners’ equity attributable to the
3,093,837,254.65 2,868,211,238.68 7.87%
shareholders of the listed company (yuan)
Capital shares (shares) 628,342,000.00 483,340,000.00 30.00%
Net asset per share attributable to the
shareholders of the listed company 4.92 5.93 -17.03%
(Yuan/share)
Changed over the same Changed over the same
Jul-Sept 2011 Jan-Sept 2011
period of last year (%) period of last year (%)
Turnover (yuan) 1,112,160,521.12 27.02% 3,189,200,509.03 17.42%
Net profit attributable to shareholders of the
94,256,215.05 -23.13% 418,962,015.97 10.71%
listed company (yuan)
Net Cash flow generated by business
- - 221,909,331.61 -50.69%
operation (RMB)
Net Cash flow per share generated by
- - 0.35 -62.37%
business operation (yuan/share)
Basic earnings per share (Yuan/share) 0.15 -23.16% 0.6668 10.71%
Diluted earnings per share (Yuan/share) 0.15 -23.16% 0.6668 10.71%
Weighted average net
3.19% -1.76% 13.90% -1.39%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring 3.20% -1.83% 13.99% -1.44%
gain/loss(%)
Non-recurring gain and loss items
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Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2011 (official text)
√ applicable □ not applicable
In RMB Yuan
Note (if
Non-recurring gain and loss items Amount
applicable)
Gain/loss of non-current assets 570,773.68 -
Government subsidies accounted into current gain/loss account, other than those closely related to the -
Company’s common business, comply with the national policy and continues to enjoy at certain fixed 192,786.00
rate or amount.
Other non-business income and expenditures other than the above -5,748,697.38 -
Influenced amount of minority shareholders’ equity 1,490,496.52 -
Influenced amount of income tax 837,632.97 -
Total -2,657,008.21 -
2.2 Total of shareholders and top-10 holders of current shares
in shares
Total shareholders at the end of the report period (accounts) 16,438
Top Ten Shareholders of Negotiable Shares
Negotiable shares held at the end
Full name of shareholder Categories
of report term
SCHRODER INTL SELECTION FD-GREATER CN FD GTI Foreign shares placed in
8,613,041
25287 domestic exchange
DREYFUS PREMIER INVESTMENT FDS INC.-DREYFUS Foreign shares placed in
5,368,250
GREATER CHINA FD domestic exchange
Foreign shares placed in
NORGES BANK 3,861,284
domestic exchange
Foreign shares placed in
GAOLING FUND,L.P. 3,319,083
domestic exchange
BOCHK INVESTMENT FUNDS-BOCHK CHINA GOLDEN Foreign shares placed in
2,157,787
DRAGON FUND domestic exchange
Foreign shares placed in
TOYO SECURITIES ASIA LIMITED-A/C CLIENT. 1,951,228
domestic exchange
Foreign shares placed in
HTHK/BTDL-ASIAN MARKET LEADERS FUND 1,786,867
domestic exchange
Foreign shares placed in
AUSTRALIANSUPER PTY LTD 1,756,934
domestic exchange
Foreign shares placed in
ABU DHABI INVESTMENT AUTHORITY 1,278,451
domestic exchange
Foreign shares placed in
Natio Securities Co.,Ltd. 1,255,474
domestic exchange
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Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2011 (official text)
§3 Significant Events
3.1 Details and causations of major change in major accounting subjects and financial indices
√ applicable □ not applicable
Balance Sheet Items End of term Beginning of term Scale of change Remarks on t
Prepayment 314,481,219.53 184,464,135.00 70.48 Mainly caused by expanding of business scale and prepay
Inventories 1,629,308,697.81 1,168,959,067.36 39.38 Mainly caused by expanding of sales and increase of spar
Construction in process 57,479,832.33 98,530,579.18 -41.66 Mainly caused by transferring to fixed assets
Short-term loans 429,317,423.50 226,000,000.00 89.96 Mainly caused by increase of short term loans for the nee
Notes payable 124,984,982.00 95,643,623.00 30.68 Mainly caused by expanding of sales scale, and increase o
Account payable 795,879,635.92 522,983,194.67 52.18 Mainly caused by expanding of sales scale, and increase o
Tax payable 38,633,995.82 105,407,867.17 -63.35 Paying of taxes according to government policies
Non-current liability due in 1 year 157,000,000.00 -100.00 Repaying of due loans
Long-term borrowings 135,000,000.00 73,463,800.00 83.76 Increase of borrowings by the Company, Casting Co., and
Capital input (or share capital) 628,342,000.00 483,340,000.00 30.00 Mainly caused by distribution of 3 bonus shares to each 1
Income Statement Items Current term Same period of last term Scale of change Remarks on
Business tax and surcharge 23,868,624.69 6,852,922.41 248.30 Accounting of taxes and surcharges as stipulated
Sales expense 114,925,583.33 84,806,711.88 35.51 Increase of freight and insurance fees of goods, traveling
Financial expenses 19,987,788.00 14,854,943.99 34.55 Increasing of financial expenses caused by increasing of l
3.2 Progress of significant events, their influence, countermeasures, and analysis
3.2.1 None-standard opinions
□applicable √ not applicable
3.2.2 Illegal providing of capital or guarantees to the holding shareholder or its related parties or external
parties
□applicable √ not applicable
3.2.3 Signing and execution of major business contracts
□applicable √ not applicable
3.2.4 Misc.
□applicable √ not applicable
3.3 Fulfilling of commitment issues made by the Company, shareholder, or substantial controller
Commitment made by the PLC, its directors, supervisors, executives, and shareholders with 5% or over shares of the Company, and
its substantial dominator in the report term or carried over to the report term:
□applicable √ not applicable
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Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2011 (official text)
3.4 Estimated accumulative profit from the year beginning to the end of the next report period may be of
deficits; or in comparison with the same period of the previous year, give the warning of great change and
the notice to the reasons.
□applicable √ not applicable
3.5 Major events needs to be explained
3.5.1 Investment in securities
□applicable √ not applicable
3.5.2 Reception of investigations, communications, or interviews
Time/date Place Way Visitors Main content involved and material provided
Business situation of the first half year, and trend of the second
The Field half, international cooperation, national subsidy on energy saving,
July 14, 2011 4 individual shareholders
Company research overseas market, receivable accounts, and upper and lower stream
industries
The Field Trend of orders, overseas market, product prices, fixed asset
July 25, 2011 Hengmao Investment Group
Company research investment, market share
The Field
September 08, 2011 Ruixin Fangzheng Future of B shares, external investment
Company research
Development of the compressor industry and petrol chemical
The Field
September 09, 2011 Swiss Bank industry, business trend, productivity, and profiles of gas
Company research
turbines in the coming three years,
Trend of orders, influence of macro economy, market share,
The Field Matthews Int Asset
September 29, 2011 pricing, development space, external investment, dividend
Company research Management
policies, receivable accounts, shareholding of executives
3.6 Investment in derivate financial instruments
□applicable √ not applicable
3.6.1 Derivate financial instrument stock at end of report term
□applicable √ not applicable
Hangzhou Steam Turbine Co., Ltd.
Chairman Nie Zhonghai
October 24, 2011
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