Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2012-30
Hangzhou Steam Turbine Co., Ltd.
The 1st Quarterly Report 2012 (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 financial statements carried in this report are not audited.
1.3 Chairman Mr. Nie Zhonghai, General Manager and Chief Financial Officer Mr. Yan Jianhuan, and the Chief of
Accounting Department Mrs. 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
Ended this report term Ended previous year Changed by (%)
Total asset (RMB) 7,351,360,831.22 6,892,582,376.59 6.66%
Owners’ equity attributable to the shareholders of
3,388,872,630.79 3,315,262,942.01 2.22%
the listed company (yuan)
Total capital share (shares) 628,342,000.00 628,342,000.00 0.00%
Net asset per share attributable to the
5.39 5.28 2.08%
shareholders of the listed company (Yuan/share)
This report term Same period last year Changed by (%)
Turnover (yuan) 839,641,291.98 817,202,291.68 2.75%
Net profit attributable to shareholders of the
73,609,688.78 113,125,254.41 -34.93%
listed company (yuan)
Net Cash flow generated by business operation
160,770,968.68 201,026,464.70 -20.02%
(RMB)
Net Cash flow per share generated by business
0.26 0.42 -38.10%
operation (yuan/share)
Basic earnings per share (Yuan/share) 0.12 0.18 -33.33%
Diluted earnings per share (Yuan/share) 0.12 0.18 -33.33%
Weighted average net
2.00% 3.87% -1.87%
income/asset ratio (%)
Weighted average net
income/asset ratio less non-recurring 2.00% 3.89% -1.89%
gain/loss(%)
Non-recurring gain and loss items
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
√ applicable □ not applicable
In RMB Yuan
Amount from beginning of year to
Non-recurring gain and loss items Note (if applicable)
the end of report period
Gain/loss of non-current assets 14,354.15
Government subsidies accounted into current gain/loss account, other
than those closely related to the Company’ common business, comply
1,067,380.00
with the national policy and continues to enjoy at certain fixed rate or
amount.
Other non-business income and expenditures other than the above 896,965.79
Influenced amount of minority shareholders’ equity 1,874.21
Influenced amount of income tax -340,325.06
Total 1,640,249.09 -
2.2 Total of shareholders and top-10 holders of current shares
in shares
Total shareholders at the end of the report period
16,698
(accounts)
Top Ten Shareholders of Negotiable Shares
Negotiable shares held at
Full name of shareholder Categories
the end of report term
Foreign shares placed
SCHRODER INTL SELECTION FD-GREATER CN FD GTI 25287 8,613,041
in domestic exchange
Foreign shares placed
NORGES BANK 3,861,284
in domestic exchange
Foreign shares placed
GAOLING FUND,L.P. 3,319,083
in domestic exchange
Foreign shares placed
Shanghai Hong Kong Wanguo Securities 2,365,378
in domestic exchange
Foreign shares placed
Li Minggong 2,220,504
in domestic exchange
Foreign shares placed
BOCHK INVESTMENT FUNDS-BOCHK CHINA GOLDEN DRAGON FUND 2,157,787
in domestic exchange
Foreign shares placed
TOYO SECURITIES ASIA LIMITED-A/C CLIENT. 1,778,788
in domestic exchange
Foreign shares placed
AUSTRALIANSUPER PTY LTD 1,756,934
in domestic exchange
Foreign shares placed
Fu Shuying 1,414,106
in domestic exchange
Foreign shares placed
Natio Securities Co.,Ltd. 1,291,584
in domestic exchange
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
§3 Significant Events
3.1 Details and causations of major change in major accounting subjects and financial indices
1st Quarter of 2012, 1st Quarter of 2012,
Scale of
Items Consolidated end of Consolidated Cause of change
change %
period beginning of period
Prepayment according to the
Prepayment 280,097,098.88 208,732,412.73 34.19
contract
Non-current asset due Buying of financial products in the
315,000,000.00 20,000,000.00 1,475.00
in 1 year period
Due of financial products by
Other current asset 605,077.92 5,661,299.59 -89.31
Machinery Co. in the period
Arriving of accessory parts, increase
Account payable 870,913,657.79 590,763,406.24 47.42
of trade payable
Tax payable 57,732,990.48 90,706,239.00 -36.35 Tax paid according to regulations
Same period of last Scale of
Financial expenses Current term Cause of change
term change
Business tax and
7,352,785.55 5,597,503.85 31.36 Calculated according to tax law
surcharge
Increase of inter-company loan
Financial expenses 7,112,367.43 5,442,969.87 30.67
interest by Assembling Co.
Investment gains Increase of dividend from Zhejiang
1,471,453.87 1,000,000.00 47.15
(“-“ for loss) Tianhang Steam Turbine Co., Ltd.
III. Operation profit Loss of Zhongneng Co. in the
100,060,458.86 176,077,828.59 -43.17
(“-“ for loss) period
Plus: Non business Receiving of government subsidy
3,700,796.34 6,8740.24 5,283.74
income and insurance compensation
Decrease of profit of subsidiaries
IV. Gross profit (“-“ for and the Company other than
102,039,158.80 174,753,689.61 -41.61
loss) Machinery Co. and Turbine Import
& Export Co.
Less: Income tax
16,661,272.13 28,508,063.90 -41.56 Calculated according to tax law
expenses
Decrease of profit of subsidiaries
V. Net profit (“-“ for net and the Company other than
85,377,886.67 146,245,625.71 -41.62
loss) Machinery Co. and Turbine Import
& Export Co.
Net profit Decrease of profit of subsidiaries
attributable to the and the Company other than
73,609,688.78 113,125,254.41 -34.93
owners of parent Machinery Co. and Turbine Import
company & Export Co.
Decrease of profit of Zhongneng,
Minor
11,768,197.89 33,120,371.30 -64.47 Auxiliary Machinery, Casting, and
shareholders’ equity
Assembling
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.
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2012 (Official Text)
□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
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
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 Industrial situation, down stream market, group
Institution Jinshi Investment
24, 2012 Company research business, future of B shares
Recent projects, industrial barrier, financial resources,
March 09, The Field
Institution 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
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
April 23, 2012
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