Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Official Text)
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2015-24
Hangzhou Steam Turbine Co., Ltd.
The 1st Quarterly Report 2015
(Official Text)
Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (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. Zheng Bin, Chief Financial Officer Pu Yangshuo, and the Chief of Accounting Department Ms. Zhao Jiamao hereby
declare: the Financial Statement in the report is guaranteed to be truthful and complete.
Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (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?
[] Yes [V] No
Same period last
This report term Increase/decrease (%)
year
Turnover (RMB) 492,164,586.38 655,138,863.63 -24.88%
Net profit attributable to shareholders of the listed
7,698,917.29 67,299,811.53 -88.56%
company (yuan)
Net profit attributable to the shareholders of the listed
company and after deducting of non-recurring 2,401,000.86 65,395,091.62 -96.33%
gain/loss(RMB)
Net Cash flow generated by business operation (RMB) -49,305,018.54 96,957,341.66 -150.85%
Basic earnings per share (Yuan/share) 0.01 0.09 -88.89%
Diluted earnings per share (Yuan/share) 0.01 0.09 -88.89%
Net income on asset, weighted 0.18% 1.58% -1.40%
Ended this report Changed at end of report period
End of prev. year
term over end of previous period
Gross Assets (RMB) 7,696,293,177.94 7,552,058,947.02 1.91%
Net asset attributable to owners of the PLC 4,458,315,384.05 4,450,598,244.32 0.17%
Non-recurring gain/loss items and amounts
In RMB Yuan
Amount of the period from the
Items beginning of year to the end of Remarks
report term
Gain/loss from disposal of non-current assets (includes the recovered part of asset
-284,627.88
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 business and in line with national 2,012,350.00
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 liabilities and sellable financial
2,705,961.44
assets, other than valid period value instruments related to the Company’s common
businesses
Other non-business income and expenditures other than the above 2,561,555.43
Less: Influenced amount of income tax 1,296,530.03
Influence on minority shareholders’ equity (after tax) 400,792.53
Total 5,297,916.43 --
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 1stt Quarterly Report 2015 (Official Text)
II. Total of shareholders and top-10 holders of current shares 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 the
17,940
report period
Top 10 common share holders
Amount of Frozen or pledged
Properties of Share Amount of
Name of the shareholder unconditional shares Status of
shareholder proportion % shares Amount
held shares
Hangzhou Steam Turbine Power Group Co., State-owned
63.64% 479,824,800 479,824,800
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 0.28% 2,081,100 0
natural person
VANGUARD TOTAL INTERNATIONAL Overseas legal
0.27% 2,028,836 0
STOCK INDEX FUND person
GUOTAI JUNAN Overseas legal
0.26% 1,934,956 0
SECURITIES(HONGKONG) LIMITED person
Domestic
Zhu Guanhong 0.25% 1,892,740 0
natural person
Overseas legal
KGI ASIA LIMITED 0.23% 1,770,489 0
person
BOCHK INVESTMENT FUNDS-BOCHK Overseas legal
0.20% 1,519,497 0
CHINA GOLDEN DRAGON FUND 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
2,108,321 Foreign shares placed in domestic exchange 2,108,321
LTD
Xia Zulin 2,081,100 Foreign shares placed in domestic exchange 2,081,100
VANGUARD TOTAL
INTERNATIONAL STOCK 2,028,836 Foreign shares placed in domestic exchange 2,028,836
INDEX FUND
GUOTAI JUNAN
SECURITIES(HONGKONG) 1,934,956 Foreign shares placed in domestic exchange 1,934,956
LIMITED
Zhu Guanhong 1,892,740 Foreign shares placed in domestic exchange 1,892,740
KGI ASIA LIMITED 1,770,489 Foreign shares placed in domestic exchange 1,770,489
BOCHK INVESTMENT
FUNDS-BOCHK CHINA 1,519,497 Foreign shares placed in domestic exchange 1,519,497
GOLDEN DRAGON FUND
China Merchants Securities Hong
1,517,900 Foreign shares placed in domestic exchange 1,517,900
Kong Ltd.
(1) There is not any relationship between Hangzhou Steam Turbine Group Power Group Co., Ltd.
and other shareholders;
Notes to relationship or “action (2) It is unknown to the Company if there is any relationship among the top 10 common share
in concert” among the top ten holders without restriction;
shareholders. (3) Hangzhou Steam Turbine Group Co., Ltd. is not an “action-in-concert” party with any of other
shareholders as described by the “Administration Rules of Informational Disclosure about Change
of Shareholding Statues of PLCs”.
Statement on any of the top 10
holders of common shares
Not applicable
participating in margin
transaction (if any)
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Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Official Text)
There was not any repurchasing deal made between any of the top 10 shareholders and top 10 holders of unrestricted shares in the
report period
2 Total of shareholders and top-10 preferential shareholders at end of the report period
□applicable √ not applicable
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Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Official Text)
Chapter III. 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
Inventories 1,809,127,159.04 1,594,074,228.69 13.49% Increase of products in stock
Account payable 889,634,704.82 763,085,718.92 16.58% Increase of prospected payable account
Mainly payment of VAT and income tax
Tax payable 41,533,781.66 126,091,260.73 -67.06% payable for the 4th quarter of previous year
and paid in the report period
Increase of long-term borrowings by Casting
Long-term borrowings 23,700,000.00 18,500,000.00 28.11%
Co.
Income Statement Same period of Scale of
Current term Remarks on the change
Items last term change
Turnover 492,164,586.38 655,138,863.63 -24.88% Decline of sales due to industrial depression
Transferring of partial R&D expense under
Administrative expense 162,410,760.41 124,346,685.97 30.61% production cost over to administration
expenses
Exchange gain/loss and loan interest
Financial expenses -1,546,212.87 3,218,139.84 -148.05%
decreased and interest income increased
Asset impairment loss -44,831,478.70 6,261,820.18 -815.95% Change of bad debt provision ratio
Cash Flow Statement Same period of Scale of
Current term Remarks on the change
Items last term change
Cash flow generated by Decrease in cash received due to decline of
-49,305,018.54 96,957,341.66 -150.85%
business operation, net sales
Net cash flow generated Maturing of financial instruments purchased
111,725,212.49 -145,467,894.27 176.80%
by investment in previous periods
II. Analyze of significant issues and solutions
□applicable √ not applicable
III. Commitment issues of shareholders with 5% or over of shares occurred in the report
period or carried down from previous report periods
No commitment issues by shareholders with 5% or over of shares in the report period or carried over to the report period from
previous periods
IV. Business forecasting for Jan-Jun 2015
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 √ not applicable
V. Securities investment
No securities investment in the report period.
VI. Statement on holding of other PLCs’ shares
The Company was not holding shares of any other PLC as of the end of report period.
VII. Investment on derivate instruments
No derivate instrument investment in the report period.
VIII. Reception of investigations, communications, or interviews
No investigation, communication, or visiting occurred in report period.
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Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Official Text)
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Zheng Bin
April 23, 2015
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