Stock Code: 200771        Stock ID: Hangqilun B       Announcement No. 2018-51




                              Hangzhou Steam Turbine Co., Ltd.

                       Performance Forecast of the 1st Half of 2018


     The members of the Board and the Company acknowledge being responsible for the
     truthfulness, accuracy, and completeness of the announcement. Not any false record,
     misleading statement or significant omission carried in this announcement.


     I. Forecast of business performance of the current term

     1. Period of the forecast: January 1, 2018 – June 30, 2018
      2. Performance predicted: Increase compared with last period

                                                                                                 Same period of
      Items                        For this report period
                                                                                          the previous year

Net profit attributable to   Earnings：120 million yuan–140 million yuan
                                                                                          Earnings：43.99 million
the shareholders of the
                             Increase over the same period of last year：172.79% -        yuan
listed company
                              218.25%

Basic earnings per share     Earnings：about 0.16-0.19 yuan                               Earnings：0.06 yuan

     II. Pre-audit of estimated earnings
     The estimated earnings have not been pre-audited by certified public accountants.
     III. Causation of change in business performance

     Statement of the Board about significant change in business performances: The net profit

     attributable to the shareholders of the listed company increased year-on-year, The main reason is

     that the increase in delivery units in the first half year led to an increase in sales revenue and a

     corresponding increase in corporate profits.


     IV. Other relevant explanation

     The above was the primitive calculating of finance department of the Company, actual figures will
     be announced by the Interim Report 2018 released later.

     Securities Times, Shanghai Securities Daily, Hong Kong Commercial Daily and

     http://www.cninfo.com.cn are the official presses of the Company. Please be rational in your
investment and be aware of the investment risks


The Board of Directors of Hangzhou Steam Turbine Co., Ltd.

      July 14,2018