Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Full Text)
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2015-24
Hangzhou Steam Turbine Co., Ltd.
The 1st Quarterly Report 2015
Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Full 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 (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
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 (Full 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 (Full 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 (Full 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 (Full Text)
Chapter IV. Chapter IV. Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: Hangzhou Steam Turbine Co., Ltd
March 31, 2015
In RMB Yuan
Items Closing balance Opening balance
Current asset:
Monetary capital 667,121,427.28 613,958,063.91
Settlement provision
Outgoing call loan
Financial assets accounted at fair value and fluctuation accounted into current income
Deductive financial assets
Notes receivable 703,604,002.54 701,109,938.01
Account receivable 2,339,980,368.45 2,388,919,641.98
Prepayment 228,862,684.32 172,022,768.39
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
Dividend receivable
Other account receivable 27,961,869.98 25,382,223.32
Repurchasing of financial assets
Inventories 1,809,127,159.04 1,594,074,228.69
Categorized as asset hold for sale
Non-current asset due in 1 year
Other current asset 251,506,122.04 382,070,235.56
Total of current asset 6,028,163,633.65 5,877,537,099.86
Non-current assets
Loans and payment on other’s behalf disbursed
Sellable financial asset 504,966,453.19 498,990,862.94
Expired investment in possess
Long-term receivable
Long-term share equity investment
Investment real estates
Fixed assets 660,232,198.57 678,033,380.86
Construction in process 94,651,596.65 89,469,259.14
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 302,557,519.31 304,100,619.77
R&D expense
Goodwill
Long-term amortizable expenses 1,041,796.52 1,041,796.52
Deferred income tax asset 104,679,980.05 102,885,927.93
Other non-current asset
Total of non-current assets 1,668,129,544.29 1,674,521,847.16
Total of assets 7,696,293,177.94 7,552,058,947.02
Current liabilities
Short-term loans 193,400,000.00 198,600,000.00
Loan from Central Bank
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Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Full Text)
Deposit received and hold for others
Call loan received
Financial liabilities booked as current gain/loss at fair value
Deductive financial liability
Notes payable 135,783,974.44 150,763,452.14
Account payable 889,634,704.82 763,085,718.92
Advances received 1,499,478,183.66 1,374,736,209.67
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 46,998,341.96 65,672,706.09
Tax payable 41,533,781.66 126,091,260.73
Interest payable
Dividend payable
Other account payable 30,345,087.83 29,597,889.12
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities categorized as hold for sale
Non-current liability due in 1 year
Other current liability
Total of current liability 2,837,174,074.37 2,708,547,236.67
Non-current liabilities
Long-term borrowings 23,700,000.00 18,500,000.00
Bond payable
Incl. Preference Shares
Perpectual liability
Long-term payable 330,000.00 330,000.00
Long-term employee wage payable
Special payable
Expected liabilities
Differed income 7,416,505.00 8,252,705.00
Deferred income tax liability 1,017,473.05 1,017,473.05
Other non-recurring liabilities 5,060,000.00
Total of non-current liabilities 37,523,978.05 28,100,178.05
Total of liability 2,874,698,052.42 2,736,647,414.72
Owners’ equity:
Share capital 754,010,400.00 754,010,400.00
Other equity instruments
Incl. Preference Shares
Perpectual liability
Capital reserves 139,590,345.09 139,590,345.09
Less: Shares in stock
Other misc incomes -674,030.36 -640,401.72
Special reserves 24,655,001.04 24,603,149.96
Surplus reserves 621,112,807.78 621,112,807.78
Common risk provision
Retained profit 2,919,620,860.50 2,911,921,943.21
Total of owner’s equity belong to the parent company 4,458,315,384.05 4,450,598,244.32
Minor shareholders’ equity 363,279,741.47 364,813,287.98
Total of owners’ equity 4,821,595,125.52 4,815,411,532.30
Total of liabilities and owners’ equity 7,696,293,177.94 7,552,058,947.02
Legal representative: Zheng Bin Accounting supervisor: Pu Yangshuo Manager of financial dept.: Zhao Jiamao
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Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Full Text)
2. Balance Sheet of the Parent Company
In RMB Yuan
Items Closing balance Opening balance
Current asset:
Monetary capital 226,896,187.42 248,509,410.84
Financial assets accounted at fair value and fluctuation accounted into current income
Deductive financial assets
Notes receivable 398,265,014.00 385,543,218.94
Account receivable 1,955,563,215.72 2,010,980,253.99
Prepayment 92,734,702.86 72,514,421.98
Interest receivable
Dividend receivable
Other account receivable 33,422,101.69 33,537,812.35
Inventories 1,384,685,329.41 1,159,102,793.67
Categorized as asset hold for sale
Non-current asset due in 1 year
Other current asset 30,000,000.00
Total of current asset 4,091,566,551.10 3,940,187,911.77
Non-current assets
Sellable financial asset 459,986,453.19 454,010,862.94
Expired investment in possess
Long-term receivable
Long-term share equity investment 502,919,378.03 502,919,378.03
Investment real estates
Fixed assets 342,348,898.26 354,282,465.72
Construction in process 66,466,798.56 67,302,264.59
Engineering goods
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 180,906,746.18 181,918,239.41
R&D expense
Goodwill
Long-term amortizable expenses 1,015,547.54 1,015,547.54
Deferred income tax asset 74,164,090.15 74,164,090.15
Other non-current asset
Total of non-current assets 1,627,807,911.91 1,635,612,848.38
Total of assets 5,719,374,463.01 5,575,800,760.15
Current liabilities
Short-term loans 100,000,000.00 100,000,000.00
Financial liabilities booked as current gain/loss at fair value
Deductive financial liability
Notes payable
Account payable 567,912,440.42 448,755,575.94
Advances received 1,049,608,867.85 977,630,617.45
Employees’ wage payable 28,484,842.77 44,164,067.67
Tax payable 13,827,026.67 88,238,458.17
Interest payable
Dividend payable
Other account payable 21,418,182.86 19,738,024.51
Liabilities categorized as hold for sale
Non-current liability due in 1 year
Other current liability
Total of current liability 1,781,251,360.57 1,678,526,743.74
Non-current liabilities
Long-term borrowings
Bond payable
Incl. Preference Shares
Perpetual liability
Long-term payable
Long-term employee wage payable
Special payable
Expected liabilities
Differed income 527,400.00 111,250.00
Deferred income tax liability 1,017,473.05 1,017,473.05
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Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Full Text)
Other non-recurring liabilities
Total of non-current liabilities 1,544,873.05 1,128,723.05
Total of liability 1,782,796,233.62 1,679,655,466.79
Owners’ equity:
Share capital 754,010,400.00 754,010,400.00
Other equity instruments
Incl. Preference Shares
Perpetual liability
Capital reserves 138,953,250.09 138,953,250.09
Less: Shares in stock
Other misc incomes
Special reserves 10,511,915.73 10,511,915.73
Surplus reserves 602,356,402.65 602,356,402.65
Retained profit 2,430,746,260.92 2,390,313,324.89
Total of owners’ equity 3,936,578,229.39 3,896,145,293.36
Total of liabilities and owners’ equity 5,719,374,463.01 5,575,800,760.15
Legal representative: Zheng Bin Accounting supervisor: Pu Yangshuo Manager of financial dept.: Zhao Jiamao
3. Consolidated Income Statement
In RMB Yuan
Occurred current Occurred in previous
Items
term term
I. Total revenue 492,164,586.38 655,138,863.63
Incl. Business income 492,164,586.38 655,138,863.63
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 475,487,480.86 560,742,359.39
Incl. Business cost 323,494,418.80 391,732,308.05
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 2,790,342.25 3,720,562.98
Sales expense 33,169,650.97 31,462,842.37
Administrative expense 162,410,760.41 124,346,685.97
Financial expenses -1,546,212.87 3,218,139.84
Asset impairment loss -44,831,478.70 6,261,820.18
Plus: Gains from fluctuation of fair value (“-“ for loss)
Investment gains (“-“ for loss) 2,705,961.44 2,925,017.77
Incl. Investment gains from affiliates
Gains from currency exchange (“-“ for loss)
III. Operation profit (“-“ for loss) 19,383,066.96 97,321,522.01
Plus: Non business income 4,764,884.00 1,498,702.14
Incl. Gains from disposal of non-current assets
Less: Non-business expenses 1,237,895.34 1,432,412.75
Incl. Loss from disposal of non-current assets
IV. Total profit (“-“ for total loss) 22,910,055.62 97,387,811.40
Less: Income tax expenses 8,797,005.43 19,944,830.49
V. Net profit (“-“ for net loss) 14,113,050.19 77,442,980.91
Net profit attributable to the owners of parent company 7,698,917.29 67,299,811.53
Minor shareholders’ equity 6,414,132.90 10,143,169.38
VI. Net amount of other gains after tax -78,978.29 -8,142.86
Net amount of other gains after tax attributable to owners of parent company -33,628.64 -3,467.20
(I) Other gains not able to be relocated to gain/loss afterward
1. Change of net liability or asset of beneficiary plan from recalculating
2. The share of other gains in invested entities under equity basis which are not able to
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Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Full Text)
be relocated to gain/loss categories
(II) Other gains which will be relocated to gain/loss in the future -33,628.64 -3,467.20
1. The share of other gains in invested entities under equity basis which are to be
relocated to gain/loss categories
2. Gain/loss from change of fair value of sellable financial asset
3. Gain/loss from relocating of investment held to mature which is relocated
to sellable financial asset
4. Effective part of gain/loss from cash flow hedge operation
5. Difference in translating of foreign currency accounts -33,628.64 -3,467.20
6. 其它
Net amount of other gains after tax attributable to minority shareholders -45,349.65 -4,675.66
VII. Total of integrated income 14,034,071.90 77,434,838.05
Total of misc. incomes attributable to the owners of the parent company 7,665,288.65 67,296,344.33
Total misc gains attributable to the minor shareholders 6,368,783.25 10,138,493.72
VIII. Earning per share
(I) Basic earnings per share 0.01 0.09
(II) Diluted earnings per share 0.01 0.09
Legal representative: Zheng Bin Accounting supervisor: Pu Yangshuo Manager of financial dept.: Zhao Jiamao
4. Income Statement of the Parent Co.
In RMB Yuan
Occurred current Occurred in previous
Items
term term
I. Turnover 341,346,099.84 445,588,115.28
Less: Operation cost 257,152,480.22 290,273,320.23
Business tax and surcharge 369,162.31 1,541,223.42
Sales expense 22,736,698.67 19,617,243.58
Administrative expense 106,269,020.69 72,253,243.64
Financial expenses 1,724,356.87 2,496,024.16
Asset impairment loss -28,650,041.06 9,366,140.57
Plus: Gains from fluctuation of fair value (“-“ for loss)
Investment gains (“-“ for loss) 56,348,295.89 70,325,369.86
Incl. Investment gains from affiliates
II. Operational profit (“-“ for loss) 38,092,718.03 120,366,289.54
Plus: Non business income 2,700,000.00 1,044,088.00
Incl. Gains from disposal of non-current assets
Less: Non-business expenses 368,782.00 618,354.61
Incl. Loss from disposal of non-current assets
III. Total profit (“-“ for total loss) 40,423,936.03 120,792,022.93
Less: Income tax expenses 9,944,932.34
IV. Net profit (“-“ for net loss) 40,423,936.03 110,847,090.59
V. Net amount of other gains after tax
(I) Other gains not able to be relocated to gain/loss afterward
1. Change of net liability or asset of beneficiary plan from recalculating
2. The share of other gains in invested entities under equity basis which are
not able to be relocated to gain/loss categories
(II) Other gains which will be relocated to gain/loss in the future
1. The share of other gains in invested entities under equity basis which are
to be relocated to gain/loss categories
2. Gain/loss from change of fair value of sellable financial asset
3. Gain/loss from relocating of investment held to mature which is relocated
to sellable financial asset
4. Effective part of gain/loss from cash flow hedge operation
5. Difference in translating of foreign currency accounts
6. 其它
VI. Total of other gains 40,423,936.03 110,847,090.59
VII. Earning per share
(I) Basic earnings per share 0.05 0.15
(II) Diluted earnings per share 0.05 0.15
Legal representative: Zheng Bin Accounting supervisor: Pu Yangshuo Manager of financial dept.: Zhao Jiamao
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Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Full Text)
5. Consolidated Cash Flow Statement
In RMB Yuan
Occurred current Amount of previous
Items
term period
I. Net cash flow from business operation
Cash received from sales of products and providing of services 545,839,862.44 775,695,497.28
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 increased amount of financial assets on fair value and with changes
accounted into current gain/loss
Cash received as interest, processing fee, and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 2,243,631.99 230,602.76
Other cash received from business operation 8,738,087.71 10,428,447.99
Sub-total of cash inflow from business activities 556,821,582.14 786,354,548.03
Cash paid for purchasing of merchandise and services 269,085,899.39 375,814,946.10
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 174,687,085.20 173,692,153.65
Taxes paid 124,021,842.68 97,738,852.08
Other cash paid for business activities 38,331,773.41 42,151,254.54
Sub-total of cash outflow from business activities 606,126,600.68 689,397,206.37
Cash flow generated by business operation, net -49,305,018.54 96,957,341.66
II. Cash flow generated by investing
Cash received from investment retrieving 10,000,000.00
Cash received as investment gains 5,301,195.26 2,925,017.77
Net cash retrieved from disposal of fixed assets, intangible assets, and other
24,250.00 233,500.00
long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 383,999,999.98 140,000,000.00
Sub-total of cash inflow due to investment activities 389,325,445.24 153,158,517.77
Cash paid for construction of fixed assets, intangible assets and other long-term
14,568,642.55 33,626,244.04
assets
Cash paid as investment 5,975,590.25 30,000,000.00
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 257,055,999.95 235,000,168.00
Sub-total of cash outflow due to investment activities 277,600,232.75 298,626,412.04
Net cash flow generated by investment 111,725,212.49 -145,467,894.27
III. Cash flow generated by financing
Cash received as investment
Incl. Cash received as investment from minor shareholders
Cash received as loans 55,400,000.00 18,100,000.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 55,400,000.00 18,100,000.00
Cash to repay debts 55,400,000.00 18,100,000.00
Cash paid as dividend, profit, or interests 10,925,944.80 12,088,990.45
Incl. Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 66,325,944.80 30,188,990.45
Net cash flow generated by financing -10,925,944.80 -12,088,990.45
IV. Influence of exchange rate alternation on cash and cash equivalents 1,669,114.22 206,160.71
V. Net increase of cash and cash equivalents 53,163,363.37 -60,393,382.35
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Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Full Text)
Plus: Balance of cash and cash equivalents at the beginning of term 613,958,063.91 883,141,568.17
VI. Balance of cash and cash equivalents at the end of term 667,121,427.28 822,748,185.82
Legal representative: Zheng Bin Accounting supervisor: Pu Yangshuo Manager of financial dept.: Zhao Jiamao
6. Cash Flow Statement of the Parent Co.
In RMB Yuan
Occurred current Occurred in previous
Items
term term
I. Net cash flow from business operation
Cash received from sales of products and providing of services 329,122,942.49 489,988,719.09
Tax returned 2,122,030.27
Other cash received from business operation 526,913.71 1,647,626.68
Sub-total of cash inflow from business activities 331,771,886.47 491,636,345.77
Cash paid for purchasing of merchandise and services 212,838,807.91 225,446,671.19
Cash paid to staffs or paid for staffs 123,377,161.90 121,153,009.55
Taxes paid 80,459,433.07 56,387,015.95
Other cash paid for business activities 10,909,165.95 16,622,635.48
Sub-total of cash outflow from business activities 427,584,568.83 419,609,332.17
Cash flow generated by business operation, net -95,812,682.36 72,027,013.60
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 56,348,295.89 70,325,369.86
Net cash retrieved from disposal of fixed assets, intangible assets, and other
long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 30,000,000.00 40,000,000.00
Sub-total of cash inflow due to investment activities 86,348,295.89 110,325,369.86
Cash paid for construction of fixed assets, intangible assets and other long-term
5,779,711.97 14,285,828.69
assets
Cash paid as investment 5,975,590.25
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 114,000,000.00
Sub-total of cash outflow due to investment activities 11,755,302.22 128,285,828.69
Net cash flow generated by investment 74,592,993.67 -17,960,458.83
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
Cash paid as dividend, profit, or interests 1,150,000.00 2,370,000.01
Other cash paid for financing activities
Subtotal of cash outflow due to financing activities 1,150,000.00 2,370,000.01
Net cash flow generated by financing -1,150,000.00 -2,370,000.01
IV. Influence of exchange rate alternation on cash and cash equivalents 756,465.27 13,110.08
V. Net increase of cash and cash equivalents -21,613,223.42 51,709,664.84
Plus: Balance of cash and cash equivalents at the beginning of term 248,509,410.84 295,292,983.14
VI. Balance of cash and cash equivalents at the end of term 226,896,187.42 347,002,647.98
II. Auditors’ Report
This 1st Quarterly Report is not audited.
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Hangzhou Steam Turbine Co., Ltd. The 1stt Quarterly Report 2015 (Full Text)
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Zheng Bin
April 23, 2015
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