Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2013-59
Hangzhou Steam Turbine Co., Ltd.
The 3rd Quarterly Report 2013 (Full text)
Chapter 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. Pu Yangshuo, and the Chief of Accounting Department
Jiang Rong hereby declares: the Financial Statement in the report is guaranteed to be truthful and complete.
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Chapter II. Financial Highlights and Change of Shareholders
I. Main accounting data and indices
Are there any retrospective adjustment or restatement of financial information of previous year due
to change of accounting policies or correcting of accounting errors
[] Yes [V] No
Ended this report Changed (%) over
End of prev. year
term end of prev. year
Gross Assets (RMB) 7,556,700,150.47 7,447,716,037.95 1.46%
Net asset attributable to owners of the PLC 4,033,958,802.14 3,872,156,922.52 4.18%
Changed over the
Increase/decrease From beginning of year to
This report term same period of
(%) the end of report period
previous year (%)
Turnover (RMB) 1,433,030,061.77 24.23% 3,452,775,892.69 4.89%
Net profit attributable to shareholders of the
231,707,861.66 34.87% 464,634,086.04 -8.73%
listed company (yuan)
Net profit attributable to the shareholders of
the listed company and after deducting of 231,573,912.09 34.32% 451,607,665.16 11.42%
non-recurring gain/loss(RMB)
Net Cash flow generated by business
-- -- 167,506,509.10 -67.48%
operation (RMB)
Basic earnings per share (Yuan/share) 0.307 36.44% 0.6162 -8.74%
Diluted earnings per share (Yuan/share) 0.307 36.44% 0.6162 -8.74%
Weighted average net
5.91% 22.11% 11.6% -20.11%
income/asset ratio (%)
Non-recurring gain/loss items and amounts
[V] Applicable Not applicable
In RMB Yuan
Amount of the period from
Items the beginning of year to the Remarks
end of report term
Gain/loss from disposal of non-current assets (includes the recovered part
28,829,746.19
of asset impairment provision already provided)
Gains and losses included in the current period of government subsidies,
excluding those government grants which are closely related to normal
2,914,874.00
business and in line with national policy , or in accordance with fixed
standards or quantities
Other non-business income and expenditures other than the above -787,944.30
Sub-total
Less: Influenced amount of income tax 4,696,344.53
Influence on minority shareholders’ quity (after tax) 13,233,910.48
Total 13,026,420.88 --
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
II. Total of shareholders and top-10 holders of current shares at end of period
in shares
Total shareholders at the end of the report period 18,170
Top 10 Shareholders
Frozen or pledged
Amount of unconditional shares
Name of the shareholder Properties of shareholder Share proportion (%) Amount of shares Status of
held Amount
shares
Hangzhou Steam Turbine Power Group Co., Ltd. State-owned legal person 63.64% 479,824,800 479,824,800
Li Minggong Overseas natural person 0.96% 7,275,927 0
NORGES BANK Overseas legal person 0.48% 3,634,246 0
GOVERNMENT OF SINGAPORE INV. CORP.- A/C "C" Overseas legal person 0.45% 3,376,460 0
BOCHK INVESTMENT FUNDS-BOCHK CHINA
Overseas legal person 0.31% 2,301,344 0
GOLDEN DRAGON FUND
AUSTRALIANSUPER PTY LTD Overseas legal person 0.28% 2,108,321 0
KGI ASIA LIMITED Overseas legal person 0.26% 1,996,550 0
Shanghai Hong Kong Wanguo Securities Overseas legal person 0.23% 1,707,236 0
Xia Zulin Domestic natural person 0.21% 1,616,000 0
TOYO SECURITIES ASIA LIMITED-A/C CLIENT. Overseas legal person 0.19% 1,444,371 0
Top 10 holders of unconditional shares
Amount of shares without trade limited Category of shares
Name of the shareholder
conditions Category of shares Amount
Li Minggong 7,275,927 Foreign shares placed in domestic exchange 7,275,927
NORGES BANK 3,634,246 Foreign shares placed in domestic exchange 3,634,246
GOVERNMENT OF SINGAPORE INV. CORP.- A/C "C" 3,376,460 Foreign shares placed in domestic exchange 3,376,460
BOCHK INVESTMENT FUNDS-BOCHK CHINA
2,301,344 Foreign shares placed in domestic exchange 2,301,344
GOLDEN DRAGON FUND
AUSTRALIANSUPER PTY LTD 2,108,321 Foreign shares placed in domestic exchange 2,108,321
KGI ASIA LIMITED 2,108,321 Foreign shares placed in domestic exchange 2,108,321
Shanghai Hong Kong Wanguo Securities 1,707,236 Foreign shares placed in domestic exchange 1,707,236
Xia Zulin 1,616,000 Foreign shares placed in domestic exchange 1,616,000
TOYO SECURITIES ASIA LIMITED-A/C CLIENT. 1,444,371 Foreign shares placed in domestic exchange 1,444,371
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 1,425,209 Foreign shares placed in domestic exchange 1,425,209
(1) Hangzhou Steam Power Group Co., Ltd. is the state-owned shareholder of the Company, all of the other owners are B-share
holders.
Notes to relationship or “action in concert” among the top (2) There is no relationship between Hangzhou Steam Turbine Power Group Co., Ltd. and other shareholders;
ten shareholders. (3) It is unknown whether there is any relationship among the 10 current-share holders.
(4) None of the other shareholders are regarded as Act in Concert relationship according to the Administrative Regulations of
Information Disclosing of Public Companies.
Was there any agreed repurchasing trade by shareholders in the report period
[] Yes [V] No
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Chapter III. Significant Issues
I. Particulars and causations of material change in major accounting items and indices
Items in balance sheet End of period Beginning of period Scale of change Remarks
%
Prepayment 440,063,602.62 275,397,188.58 60% Increase of prepayment for parts and equipments according to contracts
Other receivable 50,939,005.38 179,863,895.91 -72% Mainly because the opening balance was including accounts receivable from Zhongcheng
Cement, etc.
Intangible assets 87,944,004.52 210,185,683.85 -58% Mainly because disposal of business rights of Residue Power Plant which was in the opening
balance
Other non-current assets 10,200,000.00 -100% Transferring of investment in Xinjiang Taifeng Hangqilun to long-term investment
Short term loans 118,500,000.00 250,400,000.00 -53% Decrease of short-term loans under Zhongneng Co.
Notes payable 199,364,342.10 133,505,278.70 49% Increase of notes payable under subsidiaries
Account payable 950,986,230.14 608,127,982.09 56% Business growth and increase of payable provisions drawn
Wage payable 48,889,194.55 27,384,846.15 79% Enterprise foundation provided but not paid
Other payables 25,176,561.48 259,432,035.81 -90% There was a RMB235 mil account borrowed by Packaged Tech Co. of the Group from Steam
Turbine Engineering.
Items in income statements Current period Same period last Scale of change
year %
Financial expenses 2,769,682.15 26,177,710.58 -89% Mainly decrease of short-term loans and interests under Zhongneng Co.
Loss from asset impairment 23,286,159.94 -8,170,020.59 -385% Mainly providing of provisions for account receivable in the period
Investment gains (“-“ for loss) 67,805,353.37 32,452,060.00 109% Mainly gains from disposal of equipments by Zhongneng Co.
Items in cash flow statement Current period Same period last Scale of change
year %
Cash flow from business 167,506,509.10 515,020,797.57 -67% Mainly increase of inventory and notes receivable
operation, net
Cash flow from investment, net 50,314,770.97 -448,680,064.81 -111% Mainly influence of financial products
Cash flow from financing -524,072,084.11 -246,137,873.16 113% Mainly increase of dividend and repaying of debts
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
II. Analyze of significant issues and solutions
Aiming at further combine the R&D resources acquired by the Company and improve the
technical innovation system, the Company is planning to build the R&D center. This proposal was
approved at the Shareholders’ Meeting 2012 held on June 24, 2013.
At the 3rd meeting of the 6th term of Board held on September 10 2013, the “Proposal to
participate in the bidding competition for land using rights” was approved, and announced on
September 10, 2013 (Announcement No. 2013-55). On October 9, 2013, the Company has engaged
with Zhejiang Hangzhou National Land Resources Bureau by the “Land Using Contract”
(Announcement No. 2013-56).
Date of Index of provisional
Summary of material issues
disclosure announcement
At the 3rd meeting of the 6th term of Board, the “Proposal to participate in the bidding
Sept. 10 http://www.cninfo.com.cn No.
competition for land using rights” was approved, for detials please find the Resolutions
2013 2013-54
of the 3rd Meeting of the 6th Term of Board.
Disclosing of “The Proposal to participate in the bidding competition for land using Sept. 10 http://www.cninfo.com.cn No.
rights” 2013 2013-55
October 11, http://www.cninfo.com.cn No.
Disclosing of “The succeeding issues of bidding competition for land using rights”
2013 2013-56
III. Prospection on the business performance of year 2013
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 same period of last year, and statement of causations.
[] Applicable; [V] Not applicable
IV. Reception of investigation, commmunication, or visiting in report period
Type of
Time/date Place Way Visitors Main content involved and material provided
visitors
Hua’an
Application fields of the Company’s products, execution of
July 17, The Field Foundation
Institution contracts, gross profit ratio, and national market layout.
2013 Company research Zheshang
(No hard-copy material was provided)
Securities
Morgan Market share of the Company’s products and causations,
Sept.4 The Field
Institution Stanley and competition edge. Influences of national policies and
2013 Company research
clients overall economy. (No hard-copy material was provided)
Business position in the first half year, differences of
Sept. 10 The Field Ping’an powerplant steam turbine and driving steam turbine,
Institution
2013 Company research Securities overseas market, business of the Casting Co. (No
hard-copy material was provided)
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Chapter IV. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB Yuan
Items Closing balance Openning balance
Current asset:
Monetary capital 792,768,058.42 1,100,640,580.62
Settlement provision
Outgoing call loan
Transactional financial assets
Notes receivable 1,037,311,746.41 803,384,920.81
Account receivable 2,094,752,981.24 1,946,840,383.15
Prepayment 440,063,602.62 275,397,188.58
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable 435,586.13
Other account receivable 50,939,005.38 179,863,895.91
Repurchasing of financial assets
Inventories 1,639,838,697.41 1,451,289,045.64
Non-current asset due in 1 year
Other current asset 120,000,000.00 150,724,250.00
Total of current asset 6,175,674,091.48 5,908,575,850.84
Non-current assets
Disburse of consigned loans
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 479,708,599.85 462,088,813.22
Investment real estates
Fixed assets 597,668,452.56 652,753,812.70
Construction in process 132,931,221.05 108,252,291.56
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 87,944,004.52 210,185,683.85
R&D expense
Goodwill
Long-term amortizable expenses 1,352,509.28 2,618,841.58
Deferred income tax asset 81,421,271.73 93,040,744.20
Other non-current asset 10,200,000.00
Total of non-current assets 1,381,026,058.99 1,539,140,187.11
Total of assets 7,556,700,150.47 7,447,716,037.95
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Current liabilities
Short-term loans 118,500,000.00 250,400,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Transactional financial liabilities
Notes payable 199,364,342.10 133,505,278.70
Account payable 950,986,230.14 608,127,982.09
Advances received 1,663,484,915.51 1,632,856,815.04
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 48,889,194.55 27,384,846.15
Tax payable 68,819,466.81 85,182,827.55
Interest payable 228,197.26
Dividend payable 9,800,000.00
Other account payable 25,176,561.48 259,432,035.81
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year 100,000,000.00
Other current liability
Total of current liability 3,075,220,710.59 3,106,917,982.60
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payable 330,000.00 330,000.00
Special payable
Anticipated liabilities
Deferred income tax liability 1,037,517.08 1,037,517.08
Other non-recurring liabilities 14,902,465.00 11,149,265.00
Total of non-current liabilities 16,269,982.08 12,516,782.08
Total of liability 3,091,490,692.67 3,119,434,764.68
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 754,010,400.00 754,010,400.00
Capital reserves 138,953,250.09 139,590,345.09
Less: Shares in stock
Special reserves 10,340,691.91 10,294,548.34
Surplus reserves 518,540,739.23 518,540,739.23
Common risk provision
Retained profit 2,612,113,720.91 2,449,720,889.86
Different of foreign currency translation
Total of owner’s equity belong to the parent company 4,033,958,802.14 3,872,156,922.52
Minor shareholders’ equity 431,250,655.66 456,124,350.75
Total of owners’ equity (or shareholders’ equity) 4,465,209,457.80 4,328,281,273.27
Total of liability and shareholders’ equity (or owners’ equity) 7,556,700,150.47 7,447,716,037.95
Legal prepresentative: Nie Zhonghai CFO: Pu Yangshuo Accounting Manager: Jiang Rong
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
2. Balance Sheet of the Parent Company
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB Yuan
Items Closing balance Openning balance
Current asset:
Monetary capital 385,063,749.07 654,577,030.60
Transactional financial assets
Notes receivable 620,945,607.19 555,963,481.26
Account receivable 1,756,911,527.08 1,447,088,649.71
Prepayment 258,550,704.10 148,589,241.50
Interest receivable
Dividend receivable 10,635,586.13
Other account receivable 176,436,393.53 22,772,249.70
Inventories 1,239,507,339.90 1,025,077,300.24
Non-current asset due in 1 year
Other current asset 100,000,000.00
Total of current asset 4,437,415,320.87 3,964,703,539.14
Non-current assets
Sellable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 520,580,722.70 516,782,461.07
Investment real estates
Fixed assets 296,696,108.00 331,961,743.27
Construction in process 97,111,909.25 78,827,759.37
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 43,165,706.31 44,366,863.73
R&D expense
Goodwill
Long-term amortizable expenses 1,352,509.28 1,352,509.28
Deferred income tax asset 55,106,028.33 55,106,028.33
Other non-current asset
Total of non-current assets 1,014,012,983.87 1,028,397,365.05
Total of assets 5,451,428,304.74 4,993,100,904.19
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Current liabilities
Short-term loans
Transactional financial liabilities
Notes payable
Account payable 649,511,726.28 286,310,510.70
Advances received 1,157,375,383.80 1,219,358,402.37
Employees’ wage payable 35,240,693.66 15,910,246.38
Tax payable 47,809,749.70 36,696,777.46
Interest payable
Dividend payable
Other account payable 17,871,671.09 16,507,901.29
Non-current liability due in 1 year 100,000,000.00
Other current liability
Total of current liability 1,907,809,224.53 1,674,783,838.20
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payable
Special payable
Anticipated liabilities
Deferred income tax liability 1,037,517.08 1,037,517.08
Other non-recurring liabilities 992,450.00 289,250.00
Total of non-current liabilities 2,029,967.08 1,326,767.08
Total of liability 1,909,839,191.61 1,676,110,605.28
Owners’ equity (or shareholders’ equity)
Capital paid in (or share capital) 754,010,400.00 754,010,400.00
Capital reserves 138,953,250.09 138,953,250.09
Less: Shares in stock
Special reserves 4,671,366.80 4,671,366.80
Surplus reserves 499,784,334.10 499,784,334.10
Common risk provision
Retained profit 2,144,169,762.14 1,919,570,947.92
Different of foreign currency translation
Total of owners’ equity (or shareholders’ equity) 3,541,589,113.13 3,316,990,298.91
Total of liability and shareholders’ equity (or owners’ equity) 5,451,428,304.74 4,993,100,904.19
Legal prepresentative: Nie Zhonghai CFO: Pu Yangshuo Accounting Manager: Jiang Rong
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
3. Income Statement (Consolidated) of the Report Period
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB Yuan
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 1,433,030,061.77 1,153,549,504.35
Incl. Business income 1,433,030,061.77 1,153,549,504.35
II. Total business cost 1,137,435,503.14 919,977,520.20
Incl. Business cost 956,705,213.47 735,639,047.97
Business tax and surcharge 9,643,444.05 11,361,736.58
Sales expense 45,535,606.35 44,836,276.87
Administrative expense 124,632,553.55 129,498,752.56
Financial expenses 1,227,627.22 10,552,067.66
Asset impairment loss -308,941.50 -11,910,361.44
Investment gains (“-“ for loss) 3,109,284.61 2,036,164.35
III. Operational profit (“-“ for loss) 298,703,843.24 235,608,148.50
Plus: non-operational income 1,061,195.58 1,204,849.89
Less: non-operational expenditure 1,986,788.58 2,476,330.68
IV. Gross profit (“-“ for loss) 297,778,250.24 234,336,667.71
Less: Income tax expenses 47,226,269.36 38,359,692.36
V. Net profit (“-“ for net loss) 250,551,980.88 195,976,975.35
Net profit attributable to the owners of parent
231,707,861.66 171,801,329.76
company
Minor shareholders’ equity 18,844,119.22 24,175,645.59
VI. Earnings per share: -- --
(I) Basic earnings per share 0.307 0.225
(II) Diluted earnings per share 0.307 0.225
VIII. Total of misc. incomes 250,551,980.88 195,976,975.35
Total of misc. incomes attributable to the
231,707,861.66 171,801,329.76
owners of the parent company
Total misc gains attributable to the minor
18,844,119.22 24,175,645.59
shareholders
Legal prepresentative: Nie Zhonghai CFO: Pu Yangshuo Accounting Manager: Jiang Rong
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
4. Income Statement (Parent Co.) of the Report Period
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB Yuan
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 993,137,360.52 695,714,551.43
Less: Operation cost 640,789,724.23 438,393,801.73
Business tax and surcharge 8,106,389.98 7,087,384.05
Sales expense 32,222,574.42 31,911,659.17
Administrative expense 71,951,158.89 75,238,702.58
Financial expenses -9,088.82 627,851.95
Asset impairment loss -3,163,606.33 -9,953,910.91
Investment gains (“-“ for loss) 2,748,325.71 970,821.90
II. Operational profit (“-“ for loss) 245,988,533.86 153,379,884.76
Plus: Non business income 225,778.58 70,534.29
Less: Non-business expenses 1,041,807.70 950,936.06
III. Total profit (“-“ for loss) 245,172,504.74 152,499,482.99
Less: Income tax expenses 36,775,875.70 22,874,922.44
IV. Net profit (“-“ for net loss) 208,396,629.04 129,624,560.55
V. Earnings per share -- --
VII. Total of integrated income 208,396,629.04 129,624,560.55
Legal prepresentative: Nie Zhonghai CFO: Pu Yangshuo Accounting Manager: Jiang Rong
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
5. Income Statement (Consolidated) (Jan 1 – Sept. 30, 2013)
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB Yuan
Amount of the Current Amount of the Previous
Items
Term Term
I. Total revenue 3,452,775,892.69 3,291,713,228.11
Incl. Business income 3,452,775,892.69 3,291,713,228.11
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 2,884,707,303.20 2,648,431,451.97
Incl. Business cost 2,306,739,124.63 2,091,415,260.34
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 27,012,783.00 30,367,923.20
Sales expense 137,573,060.91 119,894,402.11
Administrative expense 387,326,492.57 388,746,176.33
Financial expenses 2,769,682.15 26,177,710.58
Asset impairment loss 23,286,159.94 -8,170,020.59
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 67,805,353.37 32,452,060.00
Incl. Investment gains from affiliates
Exchange gains (“-“ for loss)
III. Operational profit (“-“ for loss) 635,873,942.86 675,733,836.14
Plus: non-operational income 5,263,886.21 9,196,783.57
Less: non-operational expenditure 6,897,884.22 7,721,071.90
Incl. Loss from disposal of non-current assets
IV. Gross profit (“-“ for loss) 634,239,944.85 677,209,547.81
Less: Income tax expenses 94,907,343.05 107,406,542.44
V. Net profit (“-“ for net loss) 539,332,601.80 569,803,005.37
Including: Net profit realized by the entity taken over before the
takover
Net profit attributable to the owners of parent company 464,634,086.04 509,077,227.18
Minor shareholders’ equity 74,698,515.76 60,725,778.19
VI. Earnings per share: -- --
(I) Basic earnings per share 0.6162 0.6752
(II) Diluted earnings per share 0.6162 0.6752
VII. Other misc. incomes
VIII. Total of misc. incomes 539,332,601.80 569,803,005.37
Total of misc. incomes attributable to the owners of the parent
464,634,086.04 509,077,227.18
company
Total misc gains attributable to the minor shareholders 74,698,515.76 60,725,778.19
Legal prepresentative: Nie Zhonghai CFO: Pu Yangshuo Accounting Manager: Jiang Rong
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
6. Income Statement (Parent Co.) (Jan 1 – Sept. 30, 2013)
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB Yuan
Items Amount of the Current Term Amount of the Previous Term
I. Turnover 2,500,255,851.39 2,121,565,998.88
Less: Operation cost 1,718,472,918.62 1,374,654,457.09
Business tax and surcharge 20,493,560.05 19,761,855.57
Sales expense 93,337,423.68 82,051,025.12
Administrative expense 241,403,148.89 233,185,933.50
Financial expenses -880,744.76 2,826,905.46
Asset impairment loss 13,749,891.62 -15,305,568.72
Plus: gains from change of fair value (“-“ for loss)
Investment gains (“-“ for loss) 179,246,988.27 158,539,399.14
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) 592,926,641.56 582,930,790.00
Plus: Non business income 1,128,154.91 3,060,174.42
Less: Non-business expenses 4,893,263.72 3,069,888.42
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for loss) 589,161,532.75 582,921,076.00
Less: Income tax expenses 62,958,558.54 64,182,584.40
IV. Net profit (“-“ for net loss) 526,202,974.21 518,738,491.60
V. Earnings per share -- --
(I) Basic earnings per share
(II) Diluted earnings per share
VI. Other misc gains
VII. Total of integrated income 526,202,974.21 518,738,491.60
Legal prepresentative: Nie Zhonghai CFO: Pu Yangshuo Accounting Manager: Jiang Rong
13
Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
7. Cash Flow Statement (Consolidated)(Jan 1 – Sept. 30, 2013)
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB Yuan
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 2,699,496,763.68 3,015,099,021.38
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 8,029,266.19 42,402,957.02
Other cash received from business operation 18,655,038.67 47,894,649.38
Sub-total of cash inflow from business activities 2,726,181,068.54 3,105,396,627.78
Cash paid for purchasing of merchandise and services 1,666,054,955.86 1,573,278,527.47
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 500,863,380.86 465,067,398.21
Taxes paid 336,258,666.65 363,773,578.59
Other cash paid for business activities 55,497,556.07 188,256,325.94
Sub-total of cash outflow from business activities 2,558,674,559.44 2,590,375,830.21
Cash flow generated by business operation, net 167,506,509.10 515,020,797.57
II. Cash flow generated by investing
Cash received from investment retrieving 28,992,921.48 5,100,060.30
Cash received as investment profit 90,335,486.98 31,863,791.20
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
Net cash retrieved from disposal of fixed assets, intangible assets, and
124,157.69 3,834,627.54
other long-term assets
Net cash received from disposal of subsidiaries or other operational units -2,446,457.95 -653,509.83
Other investment-related cash received 2,148,610,000.00 695,029,568.43
Sub-total of cash inflow due to investment activities 2,265,616,108.20 735,174,537.64
Cash paid for construction of fixed assets, intangible assets and other
99,679,971.54 53,852,920.63
long-term assets
Cash paid as investment 17,619,786.63
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 2,098,001,579.06 1,130,001,681.82
Sub-total of cash outflow due to investment activities 2,215,301,337.23 1,183,854,602.45
Net cash flow generated by investment 50,314,770.97 -448,680,064.81
III. Cash flow generated by financing
Cash received as investment 4,400,000.00
Incl. Cash received as investment from minor shareholders
Cash received as loans 195,510,000.00 499,400,000.00
Cash received from bond placing
Other financing-related cash received 743,994.80
Subtotal of cash inflow from financing activities 195,510,000.00 504,543,994.80
Cash to repay debts 309,949,250.40 448,978,316.50
Cash paid as dividend, profit, or interests 409,632,833.71 300,995,201.22
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 719,582,084.11 750,681,867.96
Net cash flow generated by financing -524,072,084.11 -246,137,873.16
IV. Influence of exchange rate alternation on cash and cash equivalents -1,621,718.16 75,539.58
V. Net increase of cash and cash equivalents -307,872,522.20 -179,721,600.82
Plus: Balance of cash and cash equivalents at the beginning of term 1,100,640,580.62 662,648,725.65
VI. Balance of cash and cash equivalents at the end of term 792,768,058.42 482,927,124.83
Legal prepresentative: Nie Zhonghai CFO: Pu Yangshuo Accounting Manager: Jiang Rong
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Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2013 (Full Text)
8. Cash Flow Statement (Parent Co.)(Jan 1 – Sept. 30, 2013)
Prepared by: Hangzhou Steam Turbine Co., Ltd
In RMB Yuan
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 1,828,493,361.61 1,924,746,836.33
Tax returned 1,231,582.69
Other cash received from business operation 5,096,003.37 9,956,117.97
Sub-total of cash inflow from business activities 1,834,820,947.67 1,934,702,954.30
Cash paid for purchasing of merchandise and services 1,149,639,225.24 996,899,824.92
Cash paid to staffs or paid for staffs 357,461,704.02 341,032,683.88
Taxes paid 204,242,739.04 223,650,735.34
Other cash paid for business activities 187,650,940.94 70,823,705.13
Sub-total of cash outflow from business activities 1,898,994,609.24 1,632,406,949.27
Cash flow generated by business operation, net -64,173,661.57 302,296,005.03
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment profit 189,446,988.27 158,539,399.14
Net cash retrieved from disposal of fixed assets, intangible assets, and
122,000.00 3,464,000.00
other long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 1,830,000,000.00 540,000,000.00
Sub-total of cash inflow due to investment activities 2,019,568,988.27 702,003,399.14
Cash paid for construction of fixed assets, intangible assets and other
87,268,824.09 34,111,384.25
long-term assets
Cash paid as investment 3,798,261.63
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 1,730,000,000.00 860,000,000.00
Sub-total of cash outflow due to investment activities 1,821,067,085.72 894,111,384.25
Net cash flow generated by investment 198,501,902.55 -192,107,985.11
III. Cash flow generated by financing
Cash received as investment
Cash received as loans
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities
Cash to repay debts 100,000,000.00 16,317,423.50
Cash paid as dividend, profit, or interests 302,269,159.99 192,615,075.46
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 402,269,159.99 208,932,498.96
Net cash flow generated by financing -402,269,159.99 -208,932,498.96
IV. Influence of exchange rate alternation on cash and cash equivalents -1,572,362.52 10,672.27
V. Net increase of cash and cash equivalents -269,513,281.53 -98,733,806.77
Plus: Balance of cash and cash equivalents at the beginning of term 654,577,030.60 335,248,349.26
VI. Balance of cash and cash equivalents at the end of term 385,063,749.07 236,514,542.49
Legal prepresentative: Nie Zhonghai CFO: Pu Yangshuo Accounting Manager: Jiang Rong
II. Auditors’ Report
The 3rd quarterly report has not been audited.
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Nie Zhonghai
October 25, 2013
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