Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2012-49
Hangzhou Steam Turbine Co., Ltd.
The 3rd Quarterly Report 2012 (Full Text)
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 Quarterly Report was examined.
Chairman Mr. Nie Zhonghai, Chief Financial Officer Mr. Yan Jianhua, and the Chief of Accounting Department
Jiang Rong hereby declares: the Financial Statement in the report is guaranteed to be truthful and complete.
II. Company Profile
(I) Financial Highlihgts
If retrospective adjustment has been carried out on financial reports of previous periods
[] Yes [V] No [] Not applicable
2012.9.30 2011.12.31 Changed by (%)
Gross Assets (RMB) 7,389,943,514.01 6,892,582,376.59 7.22%
Owners’ equity attributable to the
3,635,837,569.19 3,315,262,942.01 9.67%
shareholders of the 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 listed company 4.82 5.28 -8.71%
(Yuan/share)
Changed over the same Changed over the same
July-Sept. 2012 Jan-Sept. 2012
period of last year (%) period of last year (%)
Turnover (yuan) 1,153,549,504.35 3.72% 3,291,713,228.11 3.21%
Net profit attributable to shareholders of the
171,801,329.76 82.27% 509,077,227.18 21.51%
listed company (yuan)
Net Cash flow generated by business
-- -- 515,020,797.57 132.09%
operation (RMB)
Net Cash flow per share generated by
-- -- 0.68 94.29%
business operation (yuan/share)
Basic earnings per share (Yuan/share) 0.225 80% 0.6752 21.53%
Diluted earnings per share (Yuan/share) 0.225 80% 0.6752 21.53%
Weighted average net
4.84% 1.65% 14.52% 0.62%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring 4.87% 1.67% 14.54% 0.55%
gain/loss(%)
1
Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Income items and amounts after deducting of non-recurring gains/losses
[V] Applicable [] Not applicable
Amount from openning of
Items year to the end of report Remarks
period
Gain/loss of non-current assets 106,157.34
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 6,029,724.29
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
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 -4,660,169.96
Other gain/loss items satisfying the definition of non-recurring gain/loss account
Influenced amount of minority shareholders’ equity -1,791,112.11
Influenced amount of income tax -441,242.69
Total -756,643.13 --
(II) Top 10 shareholders at the end of report period, and total number of shareholders
Total shareholders at the end of the report
17,374
period (accounts)
Top ten holders of the shares without subscription limitation
Name of the shareholder Amount of unconditional shares holding at Categories and amounts of shares
2
Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
the end of report term Categories Amount
Foreign shares placed in
Li Minggong 7,994,742 7,994,742
domestic exchange
Foreign shares placed in
NORGES BANK 2,987,354 2,987,354
domestic exchange
TOYO SECURITIES ASIA LIMITED-A/C Foreign shares placed in
2,420,169 2,420,169
CLIENT. domestic exchange
BOCHK INVESTMENT FUNDS-BOCHK Foreign shares placed in
2,301,344 2,301,344
CHINA GOLDEN DRAGON FUND domestic exchange
Foreign shares placed in
Shanghai Hong Kong Wanguo Securities 2,246,385 2,246,385
domestic exchange
Foreign shares placed in
Guo Xian 2,192,405 2,192,405
domestic exchange
Foreign shares placed in
AUSTRALIANSUPER PTY LTD 2,108,321 2,108,321
domestic exchange
Foreign shares placed in
Fu Shuying 1,762,910 1,762,910
domestic exchange
FIRST SECURITIES (HK) NOMINEE Foreign shares placed in
1,562,404 1,562,404
LIMITED domestic exchange
Foreign shares placed in
Natio Securities Co.,Ltd. 1,561,982 1,561,982
domestic exchange
(1) It is unknown whether there is any relationship among the 10 current-share holders.
(2) ) None of the other shareholders are regarded as Act in Concert relationship
Situations of the shareholders
according to the Administrative Regulations of Information Disclosing of Public
Companies.
III. Material Events
(I) Material changes in accounting items and indicies
[V] Applicable [] Not applicable
Scale of
Balance Sheet Items End of term Beginning of term Remarks on the change
change %
Prepayment for imported product parts
Prepayment 328,415,646.12 208,732,412.73 57.34
according to the purchasing contract
Non-current asset due
485,000,000.00 20,000,000.00 2325.00 Purchasing of financial products
in 1 year
Expiring of financial instruments in
Other current asset 2,481,616.41 5,661,299.59 -56.17
possession of Machinery Co.
Construction in
76,884,195.50 56,000,094.04 37.29 Increase of equipment under construction
process
Other non-current
25,000,000.00 -100.00 Retreiving of trust products
asset
Disbursing of payment for purchased
Account payable 837,782,330.47 590,763,406.24 41.81
goods according to the contract
Interest payable 31,740.00 260,577.78 -87.82 Interest due paid
Decrease of financed leasing by
Long-term payable 25,880,665.06 44,818,324.41 -42.25
Zhongcheng Shangtong Co.
Other non-recurring Government subsidiy related to assets
23,729,374.65 17,310,045.00 37.08
liabilities received by the Company and Zhongneng
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Co.
Income Statement Same period of Scale of
Current term Remarks on the change
Items last term change
Financial expenses 26,177,710.58 19,987,788.00 30.97 Increase of interest paid for loans
Asset impairment loss -8,170,020.59 61,695,340.39 -113.24 Reinforce of account retreiving approach
Non-operational
9,196,783.57 2,862,687.58 221.26 Governmental favorible to the company
income
Minor shareholders’ Significant decrease of income from
60,725,778.19 118,031,023.69 -48.55
equity subsidiaries in the report period
(II) Progress, influences, and solutions of material events
1. Non-standard opinions
[] Applicable; [V] Not applicable
2. Providing of capital to the controlling shareholder or related parties, or illegal providing of external
guarantees
[] Applicable; [V] Not applicable
3. Engaging and executing of material contracts
[] Applicable; [V] Not applicable
4. Others
[] Applicable; [V] Not applicable
(III) Commitment issues made by the Company or shareholders holding over 5% of the shares, in the
report period or carried down from previous period
[] Applicable; [V] Not applicable
(IV) Prediction of business performance for 2012
[] Applicable; [V] Not applicable
(V) Other material events to be presented
1. Securities investment
[] Applicable; [V] Not applicable
2. Investment in derivate instruments
[] Applicable; [V] Not applicable
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
3. Derivate instruments in stock
[] Applicable; [V] Not applicable
4 Reception of investigations, communications, or interviews
Type of
Time/date Place Way Visitors Main content involved and material provided
visitors
Overseas market, industrial situation, strategy
January 13, The
Field research institution North-east Security plan, market share, delayed delivery, prospect on
2012 Company
gas turbine, portion of outsourced manufacturing
Sweeden Yingtuo Capital Product character, delivery circle, receivable
Feb 16, The
Field research institution Management Co. account, market share, competitors, minority
2012 Company
(pronunciation) shareholders, overseas market, dividend policy
February The institution Industrial situation, down stream market, group
Field research Jinshi Investment
24, 2012 Company business, future of B shares
institution Recent projects, industrial barrier, financial
March 09, The resources, main products and orders, delivery
Field research Huili Foundation
2012 Company circle, influence of the raw material, market
competition*
March 23, The institution
Field research Yichuang Morgan Enterprise debenture
2012 Company
institution Overseas market, Bank of Hangzhou,
August 07, The Telephone
Nomura Securities (HK) subsidiaries, dividend police, B-stock problems,
2012 Company communication
business trend of 2nd half of year
5. Issuing of corporation bonds
[] Yes [V] No
IV. Attachement
(I) Financial Statements
Consolidated or not
[V] Yes [] No [] Not applicable
1. Consolidated Balance Sheet
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB
Items Closing balance Openning balance
Current asset:
Monetary capital 482,927,124.83 662,648,725.65
Settlement provision 0.00
Outgoing call loan 0.00
Transactional financial assets 0.00
Notes receivable 783,791,494.50 783,869,310.40
Account receivable 1,800,177,356.04 1,812,706,051.31
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Prepayment 328,415,646.12 208,732,412.73
Insurance receivable 0.00
Reinsurance receivable 0.00
Provisions of Reinsurance contracts receivable 0.00
Interest receivable 0.00
Dividend receivable 0.00
Other account receivable 63,688,454.67 75,627,129.17
Repurchasing of financial assets 0.00
Inventories 1,657,172,077.74 1,465,135,236.51
Non-current asset due in 1 year 485,000,000.00 20,000,000.00
Other current asset 2,481,616.41 5,661,299.59
Total of current asset 5,603,653,770.31 5,034,380,165.36
Non-current assets
Disburse of consigned loans 0.00
Sellable financial asset 0.00
Expired investment in possess 0.00
Long-term receivable 0.00
Long-term share equity investment 462,088,813.22 462,088,813.22
Investment real estates 0.00
Fixed assets 893,662,394.71 944,932,607.77
Construction in process 76,884,195.50 56,000,094.04
Engineering goods 0.00
Fixed asset disposal 0.00
Production physical assets 0.00
Gas & petrol 0.00
Intangible assets 261,765,402.56 276,922,402.76
R&D expense 0.00
Goodwill 0.00
Long-term amortizable expenses 5,518,172.49 4,959,937.22
Deferred income tax asset 86,370,765.22 88,298,356.22
Other non-current asset 25,000,000.00
Total of non-current assets 1,786,289,743.70 1,858,202,211.23
Total of assets 7,389,943,514.01 6,892,582,376.59
Current liabilities
Short-term loans 260,400,000.00 279,317,423.50
Loan from Central Bank 0.00
Deposit received and hold for others 0.00
Call loan received 0.00
Trade off financial liabilities 0.00
Notes payable 133,528,000.00 139,807,194.00
Account payable 837,782,330.47 590,763,406.24
Prepayment received 1,529,807,123.11 1,574,022,744.91
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Selling of repurchased financial assets 0.00
Fees and commissions receivable 0.00
Employees’ wage payable 47,545,408.78 29,149,223.54
Tax payable 90,243,242.27 90,706,239.00
Interest payable 31,740.00 260,577.78
Dividend payable 9,000,000.00
Other account payable 262,536,152.75 227,302,074.82
Reinsurance fee payable 0.00
Insurance contract provision 0.00
Entrusted trading of securities 0.00
Entrusted selling of securities 0.00
Non-current liability due in 1 year 10,000,000.00 10,000,000.00
Other current liability 0.00
Total of current liability 3,180,873,997.38 2,941,328,883.79
Non-current liabilities
Long-term borrowings 125,000,000.00 125,000,000.00
Bond payable 0.00
Long-term payable 25,880,665.06 44,818,324.41
Special payable 0.00
Anticipated liabilities 0.00
Deferred income tax liability 1,041,180.44 1,041,180.44
Other non-recurring liabilities 23,729,374.65 17,310,045.00
Total of non-current liabilities 175,651,220.15 188,169,549.85
Total of liability 3,356,525,217.53 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
Special reserves 0.00
Surplus reserves 453,183,370.20 453,183,370.20
Common risk provision 0.00
Retained profit 2,289,053,453.90 2,094,147,226.72
Different of foreign currency translation
Total of owner’s equity belong to the parent company 3,635,837,569.19 3,315,262,942.01
Minor shareholders’ equity 397,580,727.29 447,821,000.94
Total of owners’ equity (or shareholders’ equity) 4,033,418,296.48 3,763,083,942.95
Total of liability and shareholders’ equity (or owners’ equity) 7,389,943,514.01 6,892,582,376.59
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Jiang Rong
2. Balance Sheet of the Parent Company
Prepared by: Hangzhou Steam Turbine Co., Ltd
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
In RMB
Items Closing balance Openning balance
Current asset:
Monetary capital 236,514,542.49 335,248,349.26
Transactional financial assets
Notes receivable 469,813,777.13 448,393,858.41
Account receivable 1,428,153,243.80 1,395,509,702.83
Prepayment 228,479,979.29 113,735,693.96
Interest receivable
Dividend receivable
Other account receivable 38,379,528.34 12,151,541.72
Inventories 1,186,363,984.84 1,070,075,603.00
Non-current asset due in 1 year 320,000,000.00
Other current asset
Total of current asset 3,907,705,055.89 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 333,125,227.03 361,028,552.81
Construction in process 51,689,044.74 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 1,004,085,273.26 1,021,961,470.65
Total of assets 4,911,790,329.15 4,397,076,219.83
Current liabilities
Short-term loans 16,317,423.50
Trade off financial liabilities
Notes payable
Account payable 489,234,755.41 276,473,416.53
Prepayment received 1,033,856,937.04 1,032,539,706.27
Employees’ wage payable 28,394,047.72 16,525,266.24
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Tax payable 61,199,038.87 67,963,322.70
Interest payable
Dividend payable
Other account payable 15,752,386.29 38,189,812.37
Non-current liability due in 1 year
Other current liability
Total of current liability 1,628,437,165.33 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 4,828,250.00 778,250.00
Total of non-current liabilities 105,869,430.44 101,819,430.44
Total of liability 1,734,306,595.77 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
Common risk provision
Retained profit 1,850,093,118.22 1,645,525,626.62
Different of foreign currency translation
Total of owners’ equity (or shareholders’ equity) 3,177,483,733.38 2,847,247,841.78
Total of liability and shareholders’ equity (or owners’ equity) 4,911,790,329.15 4,397,076,219.83
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Jiang Rong
3. Income Statement (Consolidated) of the Report Period
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 1,153,549,504.35 1,112,160,521.12
Incl. Business income 1,153,549,504.35 1,112,160,521.12
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 919,977,520.20 949,493,894.83
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Incl. Business cost 735,639,047.97 700,368,481.58
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 11,361,736.58 8,680,745.29
Sales expense 44,836,276.87 41,300,686.49
Administrative expense 129,498,752.56 170,997,621.04
Financial expenses 10,552,067.66 7,944,564.14
Asset impairment loss -11,910,361.44 20,201,796.29
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 2,036,164.35
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 235,608,148.50 162,666,626.29
Plus: non-operational income 1,204,849.89 1,394,313.98
Less: non-operational expenditure 2,476,330.68 1,906,579.55
Incl. Loss from disposal of non-current assets
IV. Gross profit (“-“ for loss) 234,336,667.71 162,154,360.72
Less: Income tax expenses 38,359,692.36 25,023,538.57
V. Net profit (“-“ for net loss) 195,976,975.35 137,130,822.15
Including: Net profit realized by the entity taken over before the
takover
Net profit attributable to the owners of parent company 171,801,329.76 94,256,215.05
Minor shareholders’ equity 24,175,645.59 42,874,607.10
VI. Earnings per share: -- --
(I) Basic earnings per share 0.225 0.125
(II) Diluted earnings per share 0.225 0.125
VII. Other misc. incomes
VIII. Total of misc. incomes 195,976,975.35 137,130,822.15
Total of misc. incomes attributable to the owners of the parent
171,801,329.76 94,256,215.05
company
Total misc gains attributable to the minor shareholders 24,175,645.59 42,874,607.10
Net profit contributed by entities merged under common control in the report period was RMB0.
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Jiang Rong
4. Income Statement (Parent Co.) of the Report Period
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 695,714,551.43 733,003,169.08
Less: Operation cost 438,393,801.73 472,452,314.25
Business tax and surcharge 7,087,384.05 5,556,175.27
Sales expense 31,911,659.17 29,080,367.35
Administrative expense 75,238,702.58 135,461,353.51
Financial expenses 627,851.95 1,790,572.58
Asset impairment loss -9,953,910.91 18,242,874.68
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 970,821.90 29,832,984.38
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) 153,379,884.76 100,252,495.82
Plus: Non business income 70,534.29 996,399.22
Less: Non-business expenses 950,936.06 1,177,280.26
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) 152,499,482.99 100,071,614.78
Less: Income tax expenses 22,874,922.44 10,535,794.56
IV. Net profit (“-“ for net loss) 129,624,560.55 89,535,820.22
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains
VII. Total of integrated income 129,624,560.55 89,535,820.22
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Jiang Rong
5. Income Statement (Consolidated) (Jan 1 – Sept. 30, 2012)
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 3,291,713,228.11 3,189,200,509.03
Incl. Business income 3,291,713,228.11 3,189,200,509.03
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 2,648,431,451.97 2,574,862,792.05
Incl. Business cost 2,091,415,260.34 1,960,731,058.37
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 30,367,923.20 23,868,624.69
Sales expense 119,894,402.11 114,925,583.33
Administrative expense 388,746,176.33 393,654,397.27
Financial expenses 26,177,710.58 19,987,788.00
Asset impairment loss -8,170,020.59 61,695,340.39
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 32,452,060.00 24,118,640.00
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 675,733,836.14 638,456,356.98
Plus: non-operational income 9,196,783.57 2,862,687.58
Less: non-operational expenditure 7,721,071.90 7,847,825.28
Incl. Loss from disposal of non-current assets
IV. Gross profit (“-“ for loss) 677,209,547.81 633,471,219.28
Less: Income tax expenses 107,406,542.44 96,478,179.62
V. Net profit (“-“ for net loss) 569,803,005.37 536,993,039.66
Including: Net profit realized by the entity taken over before the
takover
Net profit attributable to the owners of parent company 509,077,227.18 418,962,015.97
Minor shareholders’ equity 60,725,778.19 118,031,023.69
VI. Earnings per share: -- --
(I) Basic earnings per share 0.6752 0.5556
(II) Diluted earnings per share 0.6752 0.5556
VII. Other misc. incomes
VIII. Total of misc. incomes 569,803,005.37 536,993,039.66
Total of misc. incomes attributable to the owners of the parent
509,077,227.18 418,962,015.97
company
Total misc gains attributable to the minor shareholders 60,725,778.19 118,031,023.69
When merger happened under common control in the report period, the net profit realized by the merged party before the merger was
RMB0.
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Jiang Rong
6. Income Statement (Parent Co.) (Jan 1 – Sept. 30, 2012)
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 2,121,565,998.88 1,956,165,756.00
Less: Operation cost 1,374,654,457.09 1,231,832,711.94
Business tax and surcharge 19,761,855.57 14,030,037.37
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Sales expense 82,051,025.12 70,607,975.37
Administrative expense 233,185,933.50 272,779,902.85
Financial expenses 2,826,905.46 2,606,113.65
Asset impairment loss -15,305,568.72 48,649,237.76
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 158,539,399.14 195,464,548.13
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) 582,930,790.00 511,124,325.19
Plus: Non business income 3,060,174.42 2,371,007.26
Less: Non-business expenses 3,069,888.42 3,456,597.01
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) 582,921,076.00 510,038,735.44
Less: Income tax expenses 64,182,584.40 45,720,069.86
IV. Net profit (“-“ for net loss) 518,738,491.60 464,318,665.58
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains
VII. Total of integrated income 518,738,491.60 464,318,665.58
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Jiang Rong
7. Cash Flow Statement (Consolidated)(Jan 1 – Sept. 30, 2012)
Prepared by: Hangzhou Steam Turbine Co., Ltd
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 3,015,099,021.38 2,995,289,829.17
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 42,402,957.02 23,130,489.84
Other cash received from business operation 47,894,649.38 87,610,371.37
Sub-total of cash inflow from business activities 3,105,396,627.78 3,106,030,690.38
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Cash paid for purchasing of merchandise and services 1,573,278,527.47 1,826,497,820.89
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 465,067,398.21 449,333,566.90
Taxes paid 363,773,578.59 358,107,303.80
Other cash paid for business activities 188,256,325.94 250,182,667.18
Sub-total of cash outflow from business activities 2,590,375,830.21 2,884,121,358.77
Cash flow generated by business operation, net 515,020,797.57 221,909,331.61
II. Cash flow generated by investing
Cash received from investment retrieving 5,100,060.30
Cash received as investment profit 31,863,791.20 24,118,640.00
Net cash retrieved from disposal of fixed assets, intangible assets, and
3,834,627.54 2,285,530.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational units -653,509.83
Other investment-related cash received 695,029,568.43
Sub-total of cash inflow due to investment activities 735,174,537.64 26,404,170.00
Cash paid for construction of fixed assets, intangible assets and other
53,852,920.63 117,099,867.64
long-term assets
Cash paid as investment 49,502,361.60
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 1,130,001,681.82 25,000,000.00
Sub-total of cash outflow due to investment activities 1,183,854,602.45 191,602,229.24
Net cash flow generated by investment -448,680,064.81 -165,198,059.24
III. Cash flow generated by financing
Cash received as investment 4,400,000.00 7,380,000.00
Incl. Cash received as investment from minor shareholders
Cash received as loans 499,400,000.00 538,000,000.00
Cash received from bond placing
Other financing-related cash received 743,994.80
Subtotal of cash inflow from financing activities 504,543,994.80 545,380,000.00
Cash to repay debts 448,978,316.50 448,463,800.00
Cash paid as dividend, profit, or interests 300,995,201.22 339,214,705.04
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 750,681,867.96 787,678,505.04
Net cash flow generated by financing -246,137,873.16 -242,298,505.04
IV. Influence of exchange rate alternation on cash and cash equivalents 75,539.58 -1,511,133.75
V. Net increase of cash and cash equivalents -179,721,600.82 -187,098,366.42
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Plus: Balance of cash and cash equivalents at the beginning of term 662,648,725.65 657,077,394.71
VI. Balance of cash and cash equivalents at the end of term 482,927,124.83 469,979,028.29
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Jiang Rong
8. Cash Flow Statement (Parent Co.)(Jan 1 – Sept. 30, 2012)
Prepared by: Hangzhou Steam Turbine Co., Ltd 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 1,924,746,836.33 1,531,935,681.97
Tax returned
Other cash received from business operation 9,956,117.97 20,422,983.16
Sub-total of cash inflow from business activities 1,934,702,954.30 1,552,358,665.13
Cash paid for purchasing of merchandise and services 996,899,824.92 879,108,057.13
Cash paid to staffs or paid for staffs 341,032,683.88 348,663,853.76
Taxes paid 223,650,735.34 192,841,301.56
Other cash paid for business activities 70,823,705.13 72,881,267.55
Sub-total of cash outflow from business activities 1,632,406,949.27 1,493,494,480.00
Cash flow generated by business operation, net 302,296,005.03 58,864,185.13
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit 158,539,399.14 195,464,548.13
Net cash retrieved from disposal of fixed assets, intangible assets, and
3,464,000.00 1,834,530.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 540,000,000.00
Sub-total of cash inflow due to investment activities 702,003,399.14 197,299,078.13
Cash paid for construction of fixed assets, intangible assets and other
34,111,384.25 40,975,730.25
long-term assets
Cash paid as investment 34,502,361.60
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 860,000,000.00
Sub-total of cash outflow due to investment activities 894,111,384.25 75,478,091.85
Net cash flow generated by investment -192,107,985.11 121,820,986.28
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 16,317,423.50 150,463,800.00
Cash paid as dividend, profit, or interests 192,615,075.46 196,845,365.66
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2012
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 208,932,498.96 347,309,165.66
Net cash flow generated by financing -208,932,498.96 -247,309,165.66
IV. Influence of exchange rate alternation on cash and cash equivalents 10,672.27 -1,412,229.23
V. Net increase of cash and cash equivalents -98,733,806.77 -68,036,223.48
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 236,514,542.49 264,029,098.06
Legal representative: Nie Zhonghai CFO: Yan Jianhua Accounting Manager: Jiang Rong
Hangzho Steam Turbine Co., Ltd.
Chairman of the Board: Nie Zhonghai
October 26, 2012
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