Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2014 (Official Text)
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2014-41
Hangzhou Steam Turbine Co., Ltd.
The 3rd Quarterly Report 2014 (Official text)
Chapter I Important Prompt
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 Pu Yangshuo, and the Chief of Accounting Department Ms.
Jiang Rong hereby declare: the Financial Statement in the report is guaranteed to be truthful and complete.
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Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2014 (Official 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?
No
Ended this report Changed at end of report period over end of
End of prev. year
term previous period
Gross Assets (RMB) 7,567,407,579.21 7,645,648,806.43 -1.02%
Net asset attributable to
4,264,229,058.12 4,230,942,110.74 0.79%
owners of the PLC
The amount of from
beginning of year to
From beginning of
Increase/decrease the end of report
This report term year to the end of
(%) period over the
report period
amount of same period
last year
Turnover (RMB) 706,544,529.11 -50.70% 2,449,907,171.38 -29.05%
Net profit attributable to
shareholders of the listed -12,209,753.03 -105.27% 183,965,097.98 -60.41%
company (yuan)
Net profit attributable to the
shareholders of the listed
company and after deducting -15,815,908.84 -106.83% 165,598,183.52 -63.33%
of non-recurring
gain/loss(RMB)
Net Cash flow generated by
-- -- 210,768,345.76 25.83%
business operation (RMB)
Basic earnings per share
-0.0162 -105.28% 0.244 -60.40%
(Yuan/share)
Diluted earnings per share
-0.0162 -105.28% 0.244 -60.40%
(Yuan/share)
Net income on asset,
-0.29% -104.91% 4.31% -62.84%
weighted
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Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2014 (Official Text)
Non-recurring gain/loss items and amounts
In RMB Yuan
Amount from the
Items beginning to the end Remarks
of term
Gain/loss from disposal of non-current assets (includes the recovered part
226,881.76
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
4,508,789.53
business and in line with national policy , or in accordance with fixed
standards or quantities
Gain/loss from change of fair value of transactional asset and liabilities,
and investment gains from disposal of transactional financial assets and
13,329,640.61
liabilities and sellable financial assets, other than valid period value
instruments related to the Company’s common businesses
Other non-business income and expenditures other than the above 5,452,449.87
Less: Influenced amount of income tax 3,524,369.67
Influence on minority shareholders’ equity (after tax) 1,626,477.64
Total 18,366,914.46 --
None of non-recurring gain/loss items recognized as recurring gain/loss items as defined by the Information
Disclosure Explanatory Announcement No.1 – Non-recurring gain/loss in the report period.
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Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2014 (Official Text)
II. Total of shareholders and top-10 shareholders at end of period
1 Position of shareholders and top-10 holders at end of the report period In shares
Total common shareholders at the end of
18963
the report period
Top 10 common share holders
Frozen or
Amount of
Properties of Share Amount of pledged
Name of the shareholder unconditional shares
shareholder proportion % shares Status of
held Amount
shares
Hangzhou Steam Turbine Power Group State-owned
63.64% 479,824,800 479,824,800
Co., Ltd. legal person
Overseas legal
NORGES BANK 0.82% 6,148,775 0
person
Overseas legal
GIC PRIVATE LIMITED 0.35% 2,665,330 0
person
Overseas legal
AUSTRALIANSUPER PTY LTD 0.28% 2,108,321 0
person
Domestic
Xia Zulin 0.27% 2,013,200 0
natural person
BOCHK INVESTMENT
Overseas legal
FUNDS-BOCHK CHINA GOLDEN 0.27% 2,000,344 0
person
DRAGON FUND
GUOTAI JUNAN Overseas legal
0.25% 1,887,049 0
SECURITIES(HONGKONG) LIMITED person
Domestic
Zhu Guanhong 0.25% 1,882,540 0
natural person
VANGUARD TOTAL
Overseas legal
INTERNATIONAL STOCK INDEX 0.24% 1,839,436 0
person
FUND
Overseas legal
KGI ASIA LIMITED 0.23% 1,765,389 0
person
Top 10 Holders of Unrestricted Shares
Number of Category of shares
Name of the shareholder unrestricted shares
Category of shares Amount
held
NORGES BANK 6,148,775 Foreign shares placed in domestic exchange 6,148,775
GIC PRIVATE LIMITED 2,665,330 Foreign shares placed in domestic exchange 2,665,330
AUSTRALIANSUPER PTY LTD 2,108,321 Foreign shares placed in domestic exchange 2,108,321
Xia Zulin 2,013,200 Foreign shares placed in domestic exchange 2,013,200
BOCHK INVESTMENT
FUNDS-BOCHK CHINA GOLDEN 2,000,344 Foreign shares placed in domestic exchange 2,000,344
DRAGON FUND
GUOTAI JUNAN
1,887,049 Foreign shares placed in domestic exchange 1,887,049
SECURITIES(HONGKONG) LIMITED
Zhu Guanhong 1,882,540 Foreign shares placed in domestic exchange 1,882,540
VANGUARD TOTAL
INTERNATIONAL STOCK INDEX 1,839,436 Foreign shares placed in domestic exchange 1,839,436
FUND
KGI ASIA LIMITED 1,765,389 Foreign shares placed in domestic exchange 1,765,389
Fu Shuying 1,276,180 Foreign shares placed in domestic exchange 1,276,180
(1) There is not any relationship between Hangzhou Steam Turbine Group Power Group
Co., Ltd. and other shareholders; (3) It is unknown whether there is any relationship
Notes to relationship or “action in
among the 10 unrestricted current-share holders. (3) None of HSTG or other shareholders
concert” among the top ten shareholders. is acting-in-concert as described by Administration Rules of Information Disclosure on
Change of Shareholding Position
No agreed repurchasing trade by shareholders in the report period
2. Total of shareholders and top-10 preferential shareholders at end of the report period: Not applicable
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Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2014 (Official Text)
Chapter III. Significant Issues
I. Particulars and causations of material change in major accounting items and indices
Scale of
Balance Sheet Items End of term Beginning of term Remarks on the change
change
Mainly returning of loans and change of financial
Monetary capital 883,141,568.17 -49.26% instruments
448,104,748.45
607,303,635.5
Notes receivable 921,474,660.68 -34.09% Mainly due and transferring of notes
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45,923,077.0
Other account receivable 31,299,637.50 46.72% Mainly increase of custom deposits
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Inventories 1,522,662,268.44 33.04% Mainly increase of goods in stock at end of period
2,025,686,008.51
Other current asset 512,041,753.62 318,647,045.27 60.69% Mainly increase of financial instruments
Mainly booking of land property by Steam Turbine
Intangible assets 225,562,108.26 36.41% Heavy Industry Co., one of the subsidiaries, in the
307,687,077.78 period
Mainly transferring of land property under Heavy
Other non-current asset 66,500,000.00 -100.00% Industry Co. to intangible assets
Short-term loans 376,900,000.00 -42.45% Mainly returning of bank loans by the parent co.
216,900,000.00
Mainly decrease of notes issued by the subsidiaries in
Notes payable 92,257,335.70 168,751,198.95 -45.33% the period
Mainly decrease of sales, and the VAT and income
Tax payable 28,820,706.96 107,956,056.99 -73.30% tax payable in the 4th quarter of last year was great
Income Statement Same period of Scale of Remarks on the change
Current term
Items last term change
Mainly decrease of sales and reducing of costs by
1,501,106,574.52 2,306,739,124.63 -34.93% accounting of R&D by the parent co.
Operation cost
Mainly increase of interest expenses and exchange
13,514,406.60 2,769,682.15 387.94% gains by parent co.
Financial expenses
Mainly change in account age structure and increase
Asset impairment loss 107,639,925.91 23,286,159.94 362.25% of impairment provision drawn
Mainly the great gains of Zhongneng Co. from
37,778,981.98 67,805,353.37 -44.28% disposal of equity investment in the Group Packaged
Investment income Co. in the same period of last year
Mainly compensations gained for termination of
Non-operational income 12,838,708.67 5,263,886.21 143.90% contracts
Mainly decrease of net profit of subsidiaries YoY, and
Minor shareholders’
46,198,204.89 74,698,515.76 -38.15% decreasing of shareholding by minority shareholders
equity of subsidiaries
Cash Flow Statement Same period of Scale of Remarks on the change
Current term
Items last term change
Net cash flow generated Mainly decrease of cash received from purchasing of
-239,012,783.71 50,314,770.97 -575.04% financial instruments
by investment
Net increasing of cash Mainly decrease of net cash flow from investment
-307,872,522.20 -41.09% activities
and cash equivalents -434,376,078.12
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Hangzhou Steam Turbine Co., Ltd. The 3 rd Quarterly Report 2014 (Official Text)
II. Position and impact of major issues and analysis of solutions:
Not applicable
III. There is no commitment issues by shareholders with 5% or over of the Company’s shares
occurred in the report period or carried over from previous period.
IV. Prospect on the business performance of year 2014
Not applicable
V. Securities investment
No securities investment in the report period.
VI. Investment in derivate instruments
No derivate instrument investment in the report period.
VII. Reception of investigation, communication, or visiting in report period
No investigation, communication, or visiting occurred in report period.
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Nie Zhonghai
October 28, 2014
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