Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2012
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2012-50
Hangzhou Steam Turbine Co., Ltd.
The 3rd Quarterly Report 2012 (Official 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(%)
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Hangzhou Steam Turbine Co., Ltd. The 3 rd 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
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Hangzhou Steam Turbine Co., Ltd. The 3 rd 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 3 rd 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 3 rd 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
Hangzho Steam Turbine Co., Ltd.
Chairman of the Board: Nie Zhonghai
October 26, 2012
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