Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2012-39
Interim Report 2012 Summary
I. Important Statement
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.
All of the directors presented the board meeting at which this Semi-Annual Report was examined.
The Interim Report was not audited by CPA.
Chairman Mr. Nie Zhonghai, Chief Financial Officer Mr. Yan Jianhua, and the Chief of Accounting
Department Mr. Wu Guomei hereby declares: the Financial Statement in the report is guaranteed to be truthful and
complete.
II. Company Profile
(I) Basic information
ID of A-stock
Code of A-stock
Stock Exchange Shenzhen Stock Exchange
Secretary of the Board Representative of Stock Affairs
Name Yu Changquan Wang Gang
Address No. 357 Shiqiao Rd. Hangzhou No. 357 Shiqiao Rd. Hangzhou
Tel. 0571-85780433 0571-85780198
Fax. 0571-85780432 0571-85780432
Email. ychq@htc.cn wg@htc.cn
(II) Financial Highlights
1. Main accounting data and indices
If retrospective adjustment has been carried out on financial reports of previous periods
[]Yes [V] No
Ended this report Ended previous
Changed by (%)
term year
Gross Assets (RMB) 7,127,518,436.09 6,892,582,376.59 3.41%
Owners’ equity attributable to the shareholders of the
3,464,036,239.43 3,315,262,942.01 4.49%
listed company (yuan)
Capital shares (shares) 754,010,400.00 628,342,000.00 20%
Net asset per share attributable to the shareholders of the
4.59 5.28 -13.07%
listed company (Yuan/share)
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Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Liability on asset ratio (%) 46.16% 45.4% 0.76%
Report term Same period last Increase/decrease over same
(Jan-Jun) year period of last year(%)
Turnover (yuan) 2,138,163,723.76 2,077,039,987.91 2.94%
Business profit (RMB) 440,125,687.64 475,789,730.69 -7.5%
Gross profit (RMB) 442,872,880.10 471,316,858.56 -6.04%
Net profit attributable to shareholders of the listed
337,275,897.42 324,705,800.92 3.87%
company (yuan)
Net profit attributable to the shareholders of the listed
company and after deducting of non-recurring 337,432,569.71 327,076,310.57 3.17%
gain/loss(RMB)
Basic earnings per share (Yuan/share) 0.4473 0.4306 3.88%
Diluted earnings per share (Yuan/share) 0.4473 0.4306 3.88%
Weighted average net
10.23% 10.71% -0.48%
income/asset ratio (%)
Weighted average net
10.24% 10.79% -0.55%
income/asset ratio less non-recurring gain/loss(%)
Net Cash flow generated by business operation (RMB) 153,417,196.36 324,046,092.60 -52.66%
Net Cash flow per share generated by business operation
0.2035 0.52 -60.87%
(yuan/share)
Statement on the accounting data and financial indicies at end of report term. (Please state if retrospective adjustment was made.)
2. Non-recurring profit/loss items
[V] Applicable [] Not applicable
Amount from the beginning
Non-recurring gain and loss items of year to the end of report Remarks
period RMB
Gain/loss of non-current assets 98,685.36
Tax refunding or exemption without official certification or exceeded authority
Gains and losses included in the current period of government subsidies, excluding those
government grants which are closely related to normal business and in line with national 5,010,600.00
policy , or in accordance with fixed standards or quantities
Capital adoption fee collected from non-financial organizations and accounted into current
gain/loss
Gain/loss from differences between the cost of enterprise merger and the fair value of
recognizable net asset of the invested entities
Gain/loss from non-monetary assets
Gain/loss from commissioned investment or assets
Asset impairment provisions provided for force-majeur
Gain/loss from debt reorganization
Enterprise reorganizing expenses, such as employee placement fee and integration fee
Gain/loss from trade departing from fair value
Current net gain/loss of subsidiaries under same control from beginning of term till date of
consolidation
Gain/loss generated by contingent liabilities without connection with main businesses
Gain/loss from change of fair value of transactional asset and liabilities, and investment
gains from disposal of transactional financial assets and liabilities and sellable financial
assets, other than valid period value instruments related to the Company’s common
businesses
Restoring of receivable account impairment provision tested individually
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Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Gain/loss from commissioned loans
Gain/loss from change of fair value of investment property measured at fair value in
follow-up measurement
Influence of one-time adjustment made on current gain/loss account according to the laws
and regulations regarding tax and accounting
Consigning fee received for cosigned operation
Other non-business income and expenditures other than the above -2,362,092.90
Other gain/loss items satisfying the definition of non-recurring gain/loss account
Influenced amount of minority shareholders’ equity -1,916,551.70
Influenced amount of income tax -673,968.47
Total 156,672.29 --
3. Differences in net profit and net asset under domestic and international accounting standards
[V] Applicable [] Not applicable
In RMB Yuan
Net profit attributable to the shareholders of the Owners’ equity to shareholders of the listed
listed company company
Current term Previous term At end of term At beginning of term
On Chinese Accounting
337,275,897.42 324,705,800.92 3,464,036,239.43 3,315,262,942.01
Standard
Items and amounts adjusted on IAS
Under International
337,275,897.42 324,705,800.92 3,464,036,239.43 3,315,262,942.01
Accounting Standard
4. Differences in net profit and net asset under domestic and overseas accounting standards
[]Applicable; [V] Not applicable
III. Particulars About the Capital Share and Shareholders
(I) Statement of Change in Capital Share
[V] Applicable [] Not applicable
Before the change Changed Currently (+,-) After the change
Issuing of Transferre
Proportion Bonus Proportio
Amount new d from Others Sub-total Amount
% shares n%
shares reserves
I. Shares with trade 399,854,0 79,970,80 79,970,80 479,824,8
63.64% 0 0 0 63.64%
restriction conditions 00 0 0 00
399,854,0 79,970,80 79,970,80 479,824,8
1. State-owned shares 63.64% 0 0 0 63.64%
00 0 0 00
2. State-owned legal 399,854,0 79,970,80 79,970,80 479,824,8
63.64% 0 0 0 63.64%
person shares 00 0 0 00
3. Other domestic shares
Incl. Shares held by
domestic legal persons
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Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Domestic natural person
shares
4. Share held by foreign
investors
Incl. Shares held by
foreign legal persons
Foreign natural person
shares
5. Executives’ shares 74,360 0% 0 14,872 0 0 14,872 89,232 0.0001%
II. Shares without trading 228,488,0 45,697,60 45,697,60 274,185,6
36.36% 0 0 0 36.36%
limited conditions 00 0 0 00
1. Common shares in RMB
2. Foreign shares in 228,488,0 45,697,60 45,697,60 274,185,6
36.36% 0 0 0 36.36%
domestic market 00 0 0 00
3. Foreign shares in
overseas market
4. Others
628,342,0 125,668,4 125,668,4 754,010,4
III. Total of capital shares 100% 0 0 100%
00.00 00 00 00.00
(II) Top 10 shareholders and top 10 holders of un-restricted / current shares
Top 10 shareholders and top 10 holders of un-restricted shares
Total of shareholders 17,477
Top Ten Shareholders
Share Frozen or pledged
Properties of Conditional
Full name of shareholder proportio Total shares
shareholder shares Status of shares Amount
n%
Hangzhou Steam Turbine State-owned legal
63.64% 479,824,800 Restricted 141,960,000
Power Group Co., Ltd. person
Overseas legal
GAOLING FUND,L.P. 0.53% 3,982,900 unrestricted 0
person
Overseas natural
Li Minggong 0.5% 3,783,130 unrestricted 0
person
Overseas legal
NORGES BANK 0.41% 3,094,954 unrestricted 0
person
Shanghai Hong Kong Overseas legal
0.37% 2,778,454 unrestricted 0
Wanguo Securities person
TOYO SECURITIES ASIA Overseas legal
0.35% 2,675,751 unrestricted 0
LIMITED-A/C CLIENT. person
SCHRODER INTL
SELECTION Overseas legal
0.35% 2,601,429 unrestricted 0
FD-GREATER CN FD GTI person
25287
BOCHK INVESTMENT
FUNDS-BOCHK CHINA Overseas legal
0.31% 2,301,344 unrestricted 0
GOLDEN DRAGON person
FUND
AUSTRALIANSUPER Overseas legal
0.28% 2,108,321 unrestricted 0
PTY LTD person
Overseas natural
Fu Shuying 0.23% 1,762,910 unrestricted 0
person
Top 10 holders of unconditional shares
Name of the shareholder Amount of shares without Categories and amounts of shares
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Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
trade limited conditions Categories Amount
GAOLING FUND,L.P. 3,982,900 B shares 3,982,900
Li Minggong 3,783,130 B shares 3,783,130
NORGES BANK 3,094,954 B shares 3,094,954
Shanghai Hong Kong Wanguo Securities 2,778,454 B shares 2,778,454
TOYO SECURITIES ASIA LIMITED-A/C
2,675,751 B shares 2,675,751
CLIENT.
SCHRODER INTL SELECTION
2,601,429 B shares 2,601,429
FD-GREATER CN FD GTI 25287
BOCHK INVESTMENT FUNDS-BOCHK
2,301,344 B shares 2,301,344
CHINA GOLDEN DRAGON FUND
AUSTRALIANSUPER PTY LTD 2,108,321 B shares 2,108,321
Fu Shuying 1,762,910 B shares 1,762,910
FIRST SECURITIES (HK) NOMINEE
1,757,404 B shares 1,757,404
LIMITED
(1) Of top ten shareholders, Hangzhou Steam Turbine Group Co., Ltd. holds
shares on behalf of the State and the others are to B-Share shareholders.
(2) Hangzhou Steam Turbine Group Co., Ltd. is not related to any of the other 9
shareholders. It is unknown whether there is any relationship among the 10
shareholders.
(3) None of the other shareholders are regarded as Act in Concert relationship
Statement of relationships and (or) according to the Administrative Regulations of Information Disclosing of Public
action-in-concert among above shareholders: Companies.
(4) Hangzhou Steam Turbine Group Co., Ltd. (HSTG) entered the share equity
collateral contract with Communication Bank Zhejiang Branch on April 30, 2010.
Basing on the original “Highest Value Pledge Contract”, the collateral subject will
stay unchanged at 91 million shares. In return, HSTG will have the annual credit
up to RMB300 million. The collateral term will start from April 30, 2010 and
ended at March 31, 2012.
(III) Change of controlling shareholder and substantial controller
[]Applicable; [V] Not applicable
IV. Particulars about the Directors, Supervisors, and Senior
Management
(I) Change of shareholding by directors, supervisors, and executives
Shares Shares Incl. Amount Share options
Shares Shares held
holding at the decreased of shares held at the Cause of
Name Position increased this at the end of
beginning of this term under end of term change
term (shares) term
term (shares) (shares) restriction (shares)
Nie Zhonghai Chairman 0 0 0 0 0 0 None
Wang
Director 0 0 0 0 0 0 None
Hongkang
Zhen Bin Director 0 0 0 0 0 0 None
Yan Jianhua Director, GM 0 0 0 0 0 0 None
Ye Zhong Director, 0 0 0 0 0 0 None
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Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Vice GM
Liu Guoqiang Director 0 0 0 0 0 0 None
Independent
Xu Yongbin 0 0 0 0 0 0 None
Director
Independent
Zhang Hejie 0 0 0 0 0 0 None
Director
Independent
Lv Fan 0 0 0 0 0 0 None
Director
Independent
Tan Jianrong 0 0 0 0 0 0 None
Director
Chu Shuilong Supervisor 0 0 0 0 0 0 None
Pu Yangshuo Supervisor 0 0 0 0 0 0 None
Zhang
Supervisor 0 0 0 0 0 0 None
Yougen
Employee
Lu Jianhua 0 0 0 0 0 0 None
Supervisor
Employee
Fang Yin 0 0 0 0 0 0 None
Supervisor
Ye Vice General
0 0 0 0 0 0 None
Yongzhong Manager
Vice General
Zhang Shutan 74,360 14,872 0 89,232 66,924 0 Bonus shares
Manager
Yu Vice General
0 0 0 0 0 0 None
Changquan Manager
V. Report of the Board
(I) Main business segment in industries and products
In RMB Yuan
Segments on industries
Increase/decrease Increase/decrease
Increase/decrease
of operation cost of gross profit
Gross profit of turnover over
On Industries Turnover Operation cost over the same ratio over the
ratio % the same period
period of last year same period of
of last year (%)
(%) last year (%)
Boiler and power
machine 1,761,008,351.13 1,100,362,901.96 37.52% 13.13% 20.83% -3.98%
manufacture
Casting 33,867,196.40 28,709,509.85 15.23% -5.12% -2.81% -2.02%
Petrochemical
and other special 39,473,031.69 32,840,485.68 16.8% -38.13% -22.12% -17.11%
machineries
Packaged
equipment for
59,196,597.29 52,254,212.57 11.73% -69.5% -58.38% -23.59%
waste heat power
plant
Other special
238,586,923.27 139,505,068.46 41.53% 9.74% -3.19% 7.81%
equipment
Segements on products
Gross profit Increase/decrease Increase/decrease Increase/decrease
On Products Turnover Operation cost
ratio % of turnover over of operation cost of gross profit
6
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
the same period over the same ratio over the
of last year (%) period of last year same period of
(%) last year (%)
Industrial steam
1,761,008,351.13 1,100,362,901.96 37.52% 13.13% 20.83% -3.98%
turbine
Casting products 33,867,196.40 28,709,509.85 15.23% -5.12% -2.81% -2.02%
Auxiliary
39,473,031.69 32,840,485.68 16.8% -38.13% -22.12% -17.11%
machinery
Packaged
equipment for
59,196,597.29 52,254,212.57 11.73% -69.5% -58.38% -23.59%
waste heat power
plant
Others 238,586,923.27 139,505,068.46 41.53% 9.74% -3.19% 7.81%
(II) Main business segment on regions
In RMB Yuan
Regions Turnover Change of turnover YoY (%)
Domestic 1,866,613,768.57 4.02%
Overseas 265,518,331.21 -2.82%
(III) Statement on material change in main business composision
[]Applicable; [V] Not applicable
(IV) Statement on material change in main business profitability (gross profit)
[]Applicable; [V] Not applicable
(V) Analyze of major changes on profit composition comparing with the same period of last
year
[]Applicable; [V] Not applicable
(VI) Usage of financing proceeds
1. Comparison of usage of financing proceeds
[]Applicable; [V] Not applicable
2. Statement on change of projects invested with financing proceeds
[]Applicable; [V] Not applicable
(VII) Revising of business plan for the 2nd half of year by the Board
[]Applicable; [V] Not applicable
(VIII) Prediction of business performance in Jan-Sept 2012
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
7
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
same period of last year, and statement of causations.
[]Applicable; [V] Not applicable
(IX) Statement of the Board on the 搉 on-standard auditors’ report[]issued by the CPA on the
current report period
[]Applicable; [V] Not applicable
(X) Statement of the Board on the variation and treatment of events that involved in the 搉
on-standard auditors’ report[]issued by the CPA on previous fiscal year
[]Applicable; [V] Not applicable
VI. Significant Events
(I) Acquisition, dispsal, or reconstruction of assets
1. Acquisition of assets
[]Applicable; [V] Not applicable
2. Disposal of assets
Net profit
contributed
Percentage
to the PLC
of the
since the
Gain/loss Debt & profit
The other beginning Related Completely Relationship
Date of Price from Pricing credit contributed
party of Asset traded of the transaction transferred with the
disposal RMB0’000 disposal policies transferred by the
trade current or not or not other party
RMB0’000 or not asset in the
period to
total profit
the date of
of PLC
disposal
RMB0’000
70% share
capital of
Hangzhou
Ye Mar 31 Price on
Energy 0 -52.42 0 No Yes Yes 0%
Zhonglei 2012 agreement
Saving Tech
Institute
Ltd.
51% share
capital of
Li Dushan Mar 31 Price on
510.69 -56.15 0.69 No Yes Yes 0%
Jiancheng Zhongcheng 2012 agreement
Shangtong
Ltd.
Statement on disposal of assets.
(1) According to the resolutions adopted on February 12, 2012 by the shareholders of Hangzhou Energy Saving
Institute Co., Ltd., the company was given to Ye Zhonglei with zero asset. The agreement has been engaged on
March 30, 2012. Therefore it was not consolidated since April 2012.
(2) According to the resolutions adopted on March 16, 2012 by the shareholders of Guizhou Zhongcheng Cement
8
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Co., Ltd., the 51% (RMB5.1 million of capital share) share of the company holds in Dushan Zhongcheng
Shangtong Co., Ltd. was transferred to Li Jiancheng. The agreement has been engaged on March 16, 2012.
Therefore it was not consolidated since April 2012.
3. Since releasing of capital reconstruction report or asset acquisition or disposal report, their progress and
influences on the business performance and financial positions.
[]Applicable; [V] Not applicable
(II) Guarantee issues
In RMB10 thousand
External Guarantee (Exclude controlled subsidiaries)
Amount of Actual date of
Amount of Related
Guarantee provided guarantee occurring Actual amount Type of Complete
the Term party or
to and date of (signing date of of guarantee guarantee d or not
guarantee not
disclosure agreements
Total of external guarantee
Total of external guarantee
actually occurred in the report
approved in the report term (A1)
term (A2)
Total of external guarantee Total of external guarantee
approved as of end of report term actually occurred as of end of
(A3) report term (A4)
Guarantee provided to controlled subsidiaries
Amount of Actual date of
Amount of Related
Guarantee provided guarantee occurring Actual amount Type of Complete
the Term party or
to and date of (signing date of of guarantee guarantee d or not
guarantee not
disclosure agreements
Hangzhou
Zhongneng Steam July 25,
6,000 July 25, 2011 5,000 Guaranteed 1 yr No No
Turbine Power Co., 2011
Ltd.
Total of guarantee to
Total of guarantee to subsidiaries
0 subsidiaries actually occurred 0
approved in the report term (B1)
in the report term (B2)
Total of balance of guarantee
Total of guarantee to subsidiaries
actually provided to the
approved as of the report term 6,000 5,000
subsidiaries as of end of report
(B3)
term (B4)
Total of guarantee provided by the Company (i.e. total of the above two items)
Total of guarantee approved in the Total of guarantee occurred in
0 0
report term (A1+B1) the report term (A2+B2)
Total of guarantee occurred as
Total of guarantee approved as of
6,000 of the end of report term 5,000
end of report term (A3+B3)
(A4+B4)
Percentage of the total guarantee occurred (A4+B4) on net asset
1.44%
of the Company
In which:
Guarantees provided to the shareholders, substantial controllers
0
and the related parties (C)
Guarantee provided directly or indirectly to objects with over
0
70% of liability on asset ratio (D)
Amount of guarantee over 50% of the net asset (E) 0
Total of the above 3 * (C+D+E) 0
9
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Statement on the possible joint liabilities on the guarantees not
due yet
Remarks on illegal providing of external guarantee
(III) Non-operational capital interchange with related parties
Non-operational transaction of credits and debts with related parties
[] Yes [V] No
(IV) Material lawsuit or arbitration
[]Applicable; [V] Not applicable
(V) Influence and resolutions of other material events
[]Applicable; [V] Not applicable
1. Securities investment
[]Applicable; [V] Not applicable
Statement on securities investment
2. Holding of other PLC’s shares
[]Applicable; [V] Not applicable
Statement on holding of other PLC’s shares.
3. Capital appropriation and progress of settlement in report period
[]Applicable; [V] Not applicable
The penalty plan proposed by the Board if the clearing of non-operational capital appropriation is not completed till the end of report
period.
[]Applicable; [V] Not applicable
4 Fulfilling of commitment issues
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; [V] Not applicable
5. Dividend or common reserve capitalizing plan proposed by the Board
[]Applicable; [V] Not applicable
6. Other misc income accounts
In RMB Yuan
Occurred current Occurred in previous
Items
term term
1. Amount of gain (loss) from sellable financial assets
Less: Income tax influence of available-for-sale financial assets
Net amount written into other gains and transferred into gain/loss in previous terms
10
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Sub-total
2. Share in other misc. income of the invested company on equity basis
Less: Income tax influence of shares in other gains of investees on equity basis
Net amount written into other gains and transferred into gain/loss in previous terms
Sub-total
3. Amount of gain (loss) from cash flow hedging instruments
Less: Income tax influence of cash flow hedge instruments
Net amount written into other gains and transferred into gain/loss in previous terms
Adjusted amount transferred to initial amount of the target project
Sub-total
4. Difference in translating of foreign currency accounts
Less: Net amount of disposing overseas business and transferred to current gain/loss
Sub-total
5. Others
Less: Income tax influence by other accounted into other misc. incomes
Net amount accounted into other misc. income and transferred into current gain/loss in
previous terms
Sub-total
Total 0.00 0.00
(VI) Reception of visiting, investigating, and communicating requests in the report term were
as the followings
Type of
Time/date Place Way Visitors Main content involved and material provided
visitors
Overseas market, industrial situation, strategy plan,
January 13, The Field
Institution North-east Security market share, delayed delivery, prospect on gas
2012 Company research
turbine, portion of outsourced manufacturing
Sweeden Yingtuo Capital Product character, delivery circle, receivable account,
February The Field
Institution Management Co. market share, competitors, minority shareholders,
06, 2012 Company research
(pronunciation) overseas market, dividend policy
February The Field Institution Industrial situation, down stream market, group
Jinshi Investment
24, 2012 Company research business, future of B shares
Institution Recent projects, industrial barrier, financial resources,
March 09, The Field
Huili Foundation main products and orders, delivery circle, influence of
2012 Company research
the raw material, market competition*
March 23, The Field Institution
Yichuang Morgan Enterprise debenture
2012 Company research
VII. Financial Report
(I) Auditors’ opinions
If the Interim Report is audited
[]Yes [V] No
11
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
(II) Financial Statements
Consolidated or not[]
[V] Yes [V] No
1. Consolidated Balance Sheet
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB
Items Note Closing balance Openning balance
Current asset:
Monetary capital 468,365,641.08 662,648,725.65
Settlement provision 0.00 0.00
Outgoing call loan 0.00 0.00
Transactional financial assets 0.00 0.00
Notes receivable 942,191,414.65 783,869,310.40
Account receivable 1,789,039,903.74 1,812,706,051.31
Prepayment 244,754,578.42 208,732,412.73
Insurance receivable 0.00 0.00
Reinsurance receivable 0.00 0.00
Provisions of Reinsurance contracts receivable 0.00 0.00
Interest receivable 0.00 0.00
Dividend receivable 0.00 0.00
Other account receivable 55,998,268.84 75,627,129.17
Repurchasing of financial assets 0.00 0.00
Inventories 1,653,113,615.22 1,465,135,236.51
Non-current asset due in 1 year 160,000,000.00 20,000,000.00
Other current asset 4,009,257.70 5,661,299.59
Total of current asset 5,317,472,679.65 5,034,380,165.36
Non-current assets
Disburse of consigned loans 0.00 0.00
Sellable financial asset 0.00 0.00
Expired investment in possess 0.00 0.00
Long-term receivable 0.00 0.00
Long-term share equity investment 462,088,813.22 462,088,813.22
Investment real estates 0.00 0.00
Fixed assets 896,676,709.43 944,932,607.77
Construction in process 66,942,899.66 56,000,094.04
Engineering goods 0.00 0.00
Fixed asset disposal 0.00 0.00
Production physical assets 0.00 0.00
Gas & petrol 0.00 0.00
Intangible assets 266,786,689.92 276,922,402.76
R&D expense 0.00 0.00
Goodwill 0.00 0.00
Long-term amortizable expenses 5,558,239.57 4,959,937.22
Deferred income tax asset 86,992,404.64 88,298,356.22
Other non-current asset 25,000,000.00 25,000,000.00
12
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Total of non-current assets 1,810,045,756.44 1,858,202,211.23
Total of assets 7,127,518,436.09 6,892,582,376.59
Current liabilities
Short-term loans 296,717,423.50 279,317,423.50
Loan from Central Bank 0.00 0.00
Deposit received and hold for others 0.00 0.00
Call loan received 0.00 0.00
Trade off financial liabilities 0.00 0.00
Notes payable 103,180,000.00 139,807,194.00
Account payable 791,002,328.03 590,763,406.24
Prepayment received 1,554,491,658.62 1,574,022,744.91
Selling of repurchased financial assets 0.00 0.00
Fees and commissions receivable 0.00 0.00
Employees’ wage payable 37,358,203.70 29,149,223.54
Tax payable 46,552,337.47 90,706,239.00
Interest payable 31,740.00 260,577.78
Dividend payable 9,000,000.00
Other account payable 263,741,674.09 227,302,074.82
Reinsurance fee payable 0.00 0.00
Insurance contract provision 0.00 0.00
Entrusted trading of securities 0.00 0.00
Entrusted selling of securities 0.00 0.00
Non-current liability due in 1 year 10,000,000.00 10,000,000.00
Other current liability 0.00 0.00
Total of current liability 3,112,075,365.41 2,941,328,883.79
Non-current liabilities
Long-term borrowings 125,000,000.00 125,000,000.00
Bond payable 0.00 0.00
Long-term payable 27,774,194.55 44,818,324.41
Special payable 0.00 0.00
Anticipated liabilities 0.00 0.00
Deferred income tax liability 1,041,180.44 1,041,180.44
Other non-recurring liabilities 24,186,374.66 17,310,045.00
Total of non-current liabilities 178,001,749.65 188,169,549.85
Total of liability 3,290,077,115.06 3,129,498,433.64
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 754,010,400.00 628,342,000.00
Capital reserves 139,590,345.09 139,590,345.09
Less: Shares in stock 0.00 0.00
Special reserves 0.00 0.00
Surplus reserves 453,183,370.20 453,183,370.20
Common risk provision 0.00 0.00
Retained profit 2,117,252,124.14 2,094,147,226.72
Different of foreign currency translation
Total of owner’s equity belong to the parent company 3,464,036,239.43 3,315,262,942.01
Minor shareholders’ equity 373,405,081.60 447,821,000.94
13
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Total of owners’ equity (or shareholders’ equity) 3,837,441,321.03 3,763,083,942.95
Total of liability and shareholders’ equity (or owners’ equity) 7,127,518,436.09 6,892,582,376.59
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Wu Guomei
2. Balance Sheet of the Parent Company
In RMB
Items Note Closing balance Openning balance
Current asset:
Monetary capital 237,472,679.86 335,248,349.26
Transactional financial assets
Notes receivable 670,281,720.17 448,393,858.41
Account receivable 1,384,834,123.16 1,395,509,702.83
Prepayment 158,981,273.43 113,735,693.96
Interest receivable
Dividend receivable
Other account receivable 37,154,285.84 12,151,541.72
Inventories 1,182,059,649.60 1,070,075,603.00
Non-current asset due in 1 year
Other current asset 50,000,000.00
Total of current asset 3,720,783,732.06 3,375,114,749.18
Non-current assets
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 516,782,461.07 516,782,461.07
Investment real estates
Fixed assets 345,511,825.66 361,028,552.81
Construction in process 43,043,127.43 40,483,268.63
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 44,366,863.73 45,545,511.45
R&D expense
Goodwill
Long-term amortizable expenses 3,381,273.23 3,381,273.23
Deferred income tax asset 54,740,403.46 54,740,403.46
Other non-current asset
Total of non-current assets 1,007,825,954.58 1,021,961,470.65
Total of assets 4,728,609,686.64 4,397,076,219.83
Current liabilities
Short-term loans 16,317,423.50 16,317,423.50
Trade off financial liabilities
Notes payable
Account payable 451,108,120.28 276,473,416.53
14
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Prepayment received 1,022,864,595.07 1,032,539,706.27
Employees’ wage payable 22,754,881.86 16,525,266.24
Tax payable 40,179,903.36 67,963,322.70
Interest payable
Dividend payable
Other account payable 21,706,159.30 38,189,812.37
Non-current liability due in 1 year
Other current liability
Total of current liability 1,574,931,083.37 1,448,008,947.61
Non-current liabilities
Long-term borrowings 100,000,000.00 100,000,000.00
Bond payable
Long-term payable
Special payable
Anticipated liabilities
Deferred income tax liability 1,041,180.44 1,041,180.44
Other non-recurring liabilities 4,778,250.00 778,250.00
Total of non-current liabilities 105,819,430.44 101,819,430.44
Total of liability 1,680,750,513.81 1,549,828,378.05
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 754,010,400.00 628,342,000.00
Capital reserves 138,953,250.09 138,953,250.09
Less: Shares in stock
Special reserves
Surplus reserves 434,426,965.07 434,426,965.07
Retained profit 1,720,468,557.67 1,645,525,626.62
Different of foreign currency translation
Total of owners’ equity (or shareholders’ equity) 3,047,859,172.83 2,847,247,841.78
Total of liability and shareholders’ equity (or owners’ equity) 4,728,609,686.64 4,397,076,219.83
3. Consolidated Income Statement
In RMB
Amount of the Current Amount of the Previous
Items Note
Term Term
I. Total revenue 2,138,163,723.76 2,077,039,987.91
Incl. Business income 2,138,163,723.76 2,077,039,987.91
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 1,728,453,931.77 1,625,368,897.22
Incl. Business cost 1,355,776,212.37 1,260,362,576.79
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
15
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 19,006,186.62 15,187,879.40
Sales expense 75,058,125.24 73,624,896.84
Administrative expense 259,247,423.77 222,656,776.23
Financial expenses 15,625,642.92 12,043,223.86
Asset impairment loss 3,740,340.85 41,493,544.10
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 30,415,895.65 24,118,640.00
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 440,125,687.64 475,789,730.69
Plus: non-operational income 7,991,933.68 1,468,373.60
Less: non-operational expenditure 5,244,741.22 5,941,245.73
Incl. Loss from disposal of non-current assets 360,981.96 118,959.38
IV. Gross profit (“-“ for loss) 442,872,880.10 471,316,858.56
Less: Income tax expenses 69,046,850.08 71,454,641.05
V. Net profit (“-“ for net loss) 373,826,030.02 399,862,217.51
Including: Net profit realized by the entity taken over before the
takover
Net profit attributable to the owners of parent company 337,275,897.42 324,705,800.92
Minor shareholders’ equity 36,550,132.60 75,156,416.59
VI. Earnings per share: -- --
(I) Basic earnings per share 0.4473 0.4306
(II) Diluted earnings per share 0.4473 0.4306
VII. Other misc. incomes
VIII. Total of misc. incomes 373,826,030.02 399,862,217.51
Total of misc. incomes attributable to the owners of the parent
337,262,173.27 324,705,800.92
company
Total misc gains attributable to the minor shareholders 36,563,856.75 75,156,416.59
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Wu Guomei
4. Income Statement of the Parent Co.
In RMB
Items Note Amount of the Current Term Amount of the Previous Term
I. Turnover 1,425,851,447.45 1,223,162,586.92
Less: Operation cost 936,260,655.36 759,380,397.69
Business tax and surcharge 12,674,471.52 8,473,862.10
Sales expense 50,139,365.95 41,527,608.02
Administrative expense 157,947,230.92 137,318,549.34
Financial expenses 2,199,053.51 815,541.07
Asset impairment loss -5,351,657.81 30,406,363.08
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 157,568,577.24 165,631,563.75
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) 429,550,905.24 410,871,829.37
16
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Plus: Non business income 2,989,640.13 1,374,608.04
Less: Non-business expenses 2,118,952.36 2,279,316.75
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) 430,421,593.01 409,967,120.66
Less: Income tax expenses 41,307,661.96 35,184,275.30
IV. Net profit (“-“ for net loss) 389,113,931.05 374,782,845.36
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains
VII. Total of integrated income 389,113,931.05 374,782,845.36
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Wu Guomei
5. Consolidated Cash Flow Statement
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 1,856,658,242.54 2,074,588,353.09
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 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 36,504,027.15 12,504,514.20
Other cash received from business operation 38,136,192.09 26,512,590.71
Sub-total of cash inflow from business activities 1,931,298,461.78 2,113,605,458.00
Cash paid for purchasing of merchandise and services 1,085,076,438.16 1,144,900,001.88
Net increase of client trade and advance
Net increase of savings in 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 310,592,825.40 267,102,564.91
Taxes paid 257,211,811.61 269,172,661.57
Other cash paid for business activities 125,000,190.25 108,384,137.04
Sub-total of cash outflow from business activities 1,777,881,265.42 1,789,559,365.40
Cash flow generated by business operation, net 153,417,196.36 324,046,092.60
II. Cash flow generated by investing
Cash received from investment retrieving 5,100,060.30
17
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Cash received as investment profit 29,827,626.85 24,118,640.00
Net cash retrieved from disposal of fixed assets, intangible assets, and
1,058,627.54 884,200.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational units -653,509.83
Other investment-related cash received 430,001,993.99
Sub-total of cash inflow due to investment activities 465,334,798.85 25,002,840.00
Cash paid for construction of fixed assets, intangible assets and other
32,813,607.75 48,366,549.48
long-term assets
Cash paid as investment 39,502,361.60
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 565,000,114.82
Sub-total of cash outflow due to investment activities 597,813,722.57 87,868,911.08
Net cash flow generated by investment -132,478,923.72 -62,866,071.08
III. Cash flow generated by financing
Cash received as investment 5,143,994.80
Incl. Cash received as investment from minor shareholders
Cash received as loans 386,400,000.00 442,000,000.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 391,543,994.80 442,000,000.00
Cash to repay debts 310,813,742.00 367,463,800.00
Cash paid as dividend, profit, or interests 295,141,375.57 292,514,985.45
Incl. Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities 708,350.24
Subtotal of cash outflow due to financing activities 606,663,467.81 659,978,785.45
Net cash flow generated by financing -215,119,473.01 -217,978,785.45
IV. Influence of exchange rate alternation on cash and cash equivalents -101,884.20 -732,616.93
V. Net increase of cash and cash equivalents -194,283,084.57 42,468,619.14
Plus: Balance of cash and cash equivalents at the beginning of term 662,648,725.65 621,373,402.65
VI. Balance of cash and cash equivalents at the end of term 468,365,641.08 663,842,021.79
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Wu Guomei
6. Cash Flow Statement of the Parent Co.
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 1,098,537,350.18 1,127,326,131.55
Tax returned
Other cash received from business operation 7,303,872.59 17,848,316.70
Sub-total of cash inflow from business activities 1,105,841,222.77 1,145,174,448.25
Cash paid for purchasing of merchandise and services 665,974,287.00 588,004,393.24
Cash paid to staffs or paid for staffs 233,835,788.94 201,328,020.42
Taxes paid 161,812,413.15 148,026,726.91
Other cash paid for business activities 39,394,997.51 43,855,020.07
18
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Sub-total of cash outflow from business activities 1,101,017,486.60 981,214,160.64
Cash flow generated by business operation, net 4,823,736.17 163,960,287.61
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit 157,568,577.24 165,631,563.75
Net cash retrieved from disposal of fixed assets, intangible assets, and
698,000.00 526,200.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 340,000,000.00
Sub-total of cash inflow due to investment activities 498,266,577.24 166,157,763.75
Cash paid for construction of fixed assets, intangible assets and other
19,778,556.22 21,727,940.63
long-term assets
Cash paid as investment 4,502,361.60
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 390,000,000.00
Sub-total of cash outflow due to investment activities 409,778,556.22 26,230,302.23
Net cash flow generated by investment 88,488,021.02 139,927,461.52
III. Cash flow generated by financing
Cash received as investment
Cash received as loans 100,000,000.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 0.00 100,000,000.00
Cash to repay debts 150,463,800.00
Cash paid as dividend, profit, or interests 190,922,266.66 195,667,810.10
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 190,922,266.66 346,131,610.10
Net cash flow generated by financing -190,922,266.66 -246,131,610.10
IV. Influence of exchange rate alternation on cash and cash equivalents -165,159.93 -682,612.58
V. Net increase of cash and cash equivalents -97,775,669.40 57,073,526.45
Plus: Balance of cash and cash equivalents at the beginning of term 335,248,349.26 332,065,321.54
VI. Balance of cash and cash equivalents at the end of term 237,472,679.86 389,138,847.99
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Wu Guomei
7. Statement of Change in Owners’ Equity (Consolidated)
Amount of the Current Term
In RMB
Amount of the Current Term
Owners’ Equity Attributable to the Parent Company
Items Capital Minor Total of
paid in (or Capital
Less:
Special Surplus
Common
Retained shareholder’ owners’
Shares in risk Others equity equity
share reserves reserves reserves profit
stock provision
capital)
628,342,0 139,590,3 453,183,3 2,094,147 447,821,000 3,763,083,94
I. Balance at the end of last year
00.00 45.09 70.20 ,226.72 .94 2.95
Plus: Change of accounting
policy
Correcting of previous
errors
19
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
Others
II. Balance at the beginning of current 628,342,0 139,590,3 453,183,3 2,094,147 447,821,000 3,763,083,94
year 00.00 45.09 70.20 ,226.72 .94 2.95
III. Amount of change in current term 125,668,4 23,104,89 -74,412,159 74,361,138.0
(“-“ for decrease) 00.00 7.42 .34 8
337,275,8 36,550,132. 373,826,030.
(I) Net profit
97.42 60 02
(II) Other misc. income
337,275,8 36,550,132. 373,826,030.
Total of (I) and (II)
97.42 60 02
(III) Investment or decreasing of -1,279,164.
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1,279,164.12
capital by owners 12
3,200,000.0
1. Capital inputted by owners 3,200,000.00
0
2. Amount of shares paid and
accounted as owners’ equity
-4,479,164.
3. Others -4,479,164.12
12
125,668,4 -314,171, -109,683,12 -298,185,727.
(IV) Profit allotment 0.00 0.00 0.00 0.00 0.00 0.00
00.00 000.00 7.82 82
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or 125,668,4 -314,171, -109,683,12 -298,185,727.
shareholders) 00.00 000.00 7.82 82
4. Others
(V) Internal transferring of owners’
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
equity
1. Capitalizing of capital reserves (or
to capital shares)
2. Capitalizing of surplus reserves (or
to capital shares)
3. Making up losses by surplus
reserves
4. Others
(VI) Special reserves 0.00
1. Provided this year
2. Used this term
(VII) Others
754,010,4 139,590,3 453,183,3 2,117,252 373,405,081 3,837,441,32
IV. Balance at the end of this term
00.00 45.09 70.20 ,124.14 .60 1.03
Amount of Last Year
In RMB
Amount of Last Year
Owners’ Equity Attributable to the Parent Company
Items Capital Minor Total of
Less: Common shareholders owners’
paid in (or Capital Special Surplus Retained
Shares in risk Others ’ equity equity
share reserves reserves reserves profit
stock provision
capital)
483,340,0 139,590,3 389,362,1 1,855,918 433,290,557 3,301,501,79
I. Balance at the end of last year
00.00 45.09 61.03 ,732.56 .61 6.29
Plus: Retrospective adjustment
caused by merger of entities under
common control
Plus: Change of accounting
policy
Correcting of previous
errors
Others
II. Balance at the beginning of current 483,340,0 139,590,3 389,362,1 1,855,918 433,290,557 3,301,501,79
year 00.00 45.09 61.03 ,732.56 .61 6.29
III. Amount of change in current term 145,002,0 63,821,20 238,228,4 14,530,443. 461,582,146.
20
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
(“-“ for decrease) 00.00 9.17 94.16 33 66
640,387,7 133,785,345 774,173,049.
(I) Net profit
03.33 .75 08
(II) Other misc. income
640,387,7 133,785,345 774,173,049.
Total of (I) and (II)
03.33 .75 08
(III) Investment or decreasing of 8,180,000.0
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,180,000.00
capital by owners 0
8,180,000.0
1. Capital inputted by owners 8,180,000.00
0
2. Amount of shares paid and
accounted as owners’ equity
3. Others
145,002,0 63,821,20 -402,159, -127,434,90 -320,770,902.
(IV) Profit allotment 0.00 0.00 0.00 0.00 0.00
00.00 9.17 209.17 2.42 42
63,821,20 -63,821,2
1. Providing of surplus reserves
9.17 09.17
2. Common risk provision
3. Allotment to the owners (or 145,002,0 -338,338, -127,434,90 -320,770,902.
shareholders) 00.00 000.00 2.42 42
4. Others
(V) Internal transferring of owners’
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
equity
1. Capitalizing of capital reserves (or
to capital shares)
2. Capitalizing of surplus reserves (or
to capital shares)
3. Making up losses by surplus
reserves
4. Others
(VI) Special reserves
1. Provided this year
2. Used this term
(VII) Others
628,342,0 139,590,3 453,183,3 2,094,147 447,821,000 3,763,083,94
IV. Balance at the end of this term
00.00 45.09 70.20 ,226.72 .94 2.95
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Wu Guomei
8. Statement of Change in Owners’ Equity (Parent Co.)
Amount of the Current Term
In RMB
Amount of the Current Term
Items Capital paid Total of
Capital Less: Shares Special Surplus Common risk Retained
in (or share owners’
reserves in stock reserves reserves provision profit
capital) equity
628,342,000. 138,953,250. 434,426,965. 1,645,525,62 2,847,247,84
I. Balance at the end of last year
00 09 07 6.62 1.78
Plus: Change of accounting policy
Correcting of previous errors
Others
II. Balance at the beginning of current 628,342,000. 138,953,250. 434,426,965. 1,645,525,62 2,847,247,84
year 00 09 07 6.62 1.78
III. Amount of change in current term 125,668,400. 74,942,931.0 200,611,331.
(“-“ for decrease) 00 5 05
389,113,931. 389,113,931.
(I) Net profit
05 05
(II) Other misc. income
21
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
389,113,931. 389,113,931.
Total of (I) and (II)
05 05
(III) Investment or decreasing of capital
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
by owners
1. Capital inputted by owners
2. Amount of shares paid and accounted
as owners’ equity
3. Others
125,668,400. -314,171,000 -188,502,600
(IV) Profit allotment 0.00 0.00 0.00 0.00 0.00
00 .00 .00
1. Providing of surplus reserves
2. Common risk provision
3. Allotment to the owners (or 125,668,400. -314,171,000 -188,502,600
shareholders) 00 .00 .00
4. Others
(V) Internal transferring of owners’
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
equity
1. Capitalizing of capital reserves (or to
capital shares)
2. Capitalizing of surplus reserves (or to
capital shares)
3. Making up losses by surplus reserves
4. Others
(VI) Special reserves
1. Provided this year
2. Used this term
(VII) Others
754,010,400. 138,953,250. 434,426,965. 1,720,468,55 3,047,859,17
IV. Balance at the end of this term
00 09 07 7.67 2.83
Amount of Last Year
In RMB
Amount of Last Year
Items Capital paid Total of
Capital Less: Shares Special Surplus Common risk Retained
in (or share owners’
reserves in stock reserves reserves provision profit
capital) equity
483,340,000. 138,953,250. 370,605,755. 1,409,472,74 2,402,371,75
I. Balance at the end of last year
00 09 90 4.11 0.10
Plus: Change of accounting policy
Correcting of previous errors
Others
II. Balance at the beginning of current 483,340,000. 138,953,250. 370,605,755. 1,409,472,74 2,402,371,75
year 00 09 90 4.11 0.10
III. Amount of change in current term 145,002,000. 63,821,209.1 236,052,882. 444,876,091.
(“-“ for decrease) 00 7 51 68
638,212,091. 638,212,091.
(I) Net profit
68 68
(II) Other misc. income
638,212,091. 638,212,091.
Total of (I) and (II)
68 68
(III) Investment or decreasing of capital
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
by owners
1. Capital inputted by owners
2. Amount of shares paid and accounted
as owners’ equity
3. Others
145,002,000. 63,821,209.1 -402,159,209 -193,336,000
(IV) Profit allotment 0.00 0.00 0.00 0.00
00 7 .17 .00
63,821,209.1 -63,821,209.
1. Providing of surplus reserves
7 17
22
Hangzhou Steam Turbine Co., Ltd. Interim Report 2012 Summary
2. Common risk provision
3. Allotment to the owners (or 145,002,000. -338,338,000 -193,336,000
shareholders) 00 .00 .00
4. Others
(V) Internal transferring of owners’
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
equity
1. Capitalizing of capital reserves (or to
capital shares)
2. Capitalizing of surplus reserves (or to
capital shares)
3. Making up losses by surplus reserves
4. Others
(VI) Special reserves
1. Provided this year
2. Used this term
(VII) Others
628,342,000. 138,953,250. 434,426,965. 1,645,525,62 2,847,247,84
IV. Balance at the end of this term
00 09 07 6.62 1.78
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Wu Guomei
(III) Notes to the financial statements
1. Influences of changes in material accounting policies, accounting estimations, or correction of material
accounting error
(1) Change of accounting policies
Is there any change in accounting policies in the report period
[] Yes [V] No
(2) Change of accounting estimations
Is there any change in accounting estimations in the report period
[] Yes [V] No
(3) Correcting of accounting errors
Is there any accounting error with previous period found in the report period
[] Yes [V] No
2. Statement on change of consolidation range
Four subsidiaries newly included in the consolidated financial statements, and other two eliminated.
3. If the certified public accounts has issued a non-standard auditor’s report, list the relevant notes to the
issues involved in the report.
Not applicable
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Mr. Nie Zhonghai
August 28, 2012
23