The 3rd Quarterly Report 2016(Full Text)
Stock code：200771 Stock ID：Hangqilun B Announcement No.2016-72
Hangzhou Steam Turbine Co., Ltd.
The 3rd Quarterly Report 2016(Full Text)
October 22,2016
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The 3rd Quarterly Report 2016(Full Text)
1 Important notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Zheng Bin, The Company Leader, Mr. Pu Yangshuo, Chief financial officer and the Mr.Zhao Jiamao, the
person in charge of the accounting department (the person in charge of the accounting )hereby confirm the
authenticity and completeness of the financial report enclosed in the report.
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The 3rd Quarterly Report 2016(Full Text)
II.Main financial data and changes of shareholders
（1）Main accounting data and financial Index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not.
□ Yes √ No
As at the end of the Changed （%）over end of prev.
As at the end of last year
reporting period year
Gross assets（RMB） 8,142,499,935.46 7,683,777,005.63 5.97%
Net assets attributable to the
shareholders of the listed company 4,158,811,119.51 4,219,337,312.80 -1.43%
（RMB）
Increase/decrease
Between beginning of
over the same Changed （%）over end
Reporting period the year to the end of
period of last year of prev. year
the report period
（%）
Operating income（RMB） 874,410,620.01 77.12% 2,241,834,391.89 44.76%
Net profit attributable to the
shareholders of the listed company -29,088,489.63 63.18% -60,340,727.82 32.41%
（RMB）
Net profit after deducting of
non-recurring gain/loss attributable to
-36,516,519.69 58.57% -79,994,834.02 27.48%
the shareholders of listed company
（RMB）
Cash flow generated by business
-- -- 361,060,410.70 31.00%
operation, net（RMB）
Basic earning per share(RMB/Share) -0.039 62.86% -0.080 32.20%
Diluted gains per
-0.039 62.86% -0.080 32.20%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio
-0.70% 1.13% -1.44% 0.60%
（%）
In RMB
Amount (Year-beginning to
Items Notes
the end of the report period.)
Non-current asset disposal gain/loss(including the write-off part
-164,270.02
for which assets impairment provision is made)
Govemment subsidy recognized in current gain and
2,212,295.21
loss(excluding those closely related to the Company’s business
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The 3rd Quarterly Report 2016(Full Text)
and granted under the state’s policies)
Gain/loss from change of fair value of transactional financial
asset and liabilities, and investment gains from disposal of
transactional financial assets and liabilities and sellable financial 18,351,277.25
assets other than valid period value instruments related to the
Company’s common businesses
Other non-business income and expenditures other than the above 6,824,593.39
Less：Amount of influence of income tax 4,962,444.69
Influence on minority shareholders’ equity (after tax) 2,607,344.94
Total 19,654,106.20 --
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.
(II) Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the
Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders
Total number of common shareholders at the with the voting power
15,565 0
period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or
Share tradable shares freezing
Properties of
Shareholder name proportion Quantity with Status
shareholder
% Conditional of the Quantity
held shares
State-owned
Hangzhou Steam Turbine Power Group Co., Ltd. 63.64% 479,824,800 479,824,800
legal person
Foreign Legal
Shenwan Hongyuan Securities(H.K)Co., Ltd. 0.70% 5,243,266 0
person
Foreign Legal
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 0.60% 4,488,965 0
person
Foreign Legal
NORGES BANK 0.57% 4,303,675 0
person
VANGUARD TOTAL INTERNATIONAL STOCK INDEX Foreign Legal
0.44% 3,308,246 0
FUND person
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES Foreign Legal
0.33% 2,472,960 0
LTD person
Foreign Legal
AUSTRALIANSUPER PTY LTD 0.28% 2,108,321 0
person
Domestic
Xia Zulin 0.28% 2,100,000 0
natural person
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The 3rd Quarterly Report 2016(Full Text)
shares
Foreign Legal
CREDIT SUISSE (HONG KONG) LIMITED 0.27% 2,033,703 0
person
State-owned
China Merchants Securities(HK)Co., Ltd. 0.27% 2,028,803 0
legal person
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of the non-restricted Share type
Shareholders’ Names
shares held Share type Quantity
Foreign shares
Shenwan Hongyuan Securities(H.K)Co., Ltd. 5,243,266 placed in domestic 5,243,266
exchange
Foreign shares
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 4,488,965 placed in domestic 4,488,965
exchange
Foreign shares
NORGES BANK 4,303,675 placed in domestic 4,303,675
exchange
Foreign shares
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 3,308,246 placed in domestic 3,308,246
exchange
Foreign shares
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD 2,472,960 placed in domestic 2,472,960
exchange
Foreign shares
AUSTRALIANSUPER PTY LTD 2,108,321 placed in domestic 2,108,321
exchange
Foreign shares
Xia Zulin 2,100,000 placed in domestic 2,100,000
exchange
Foreign shares
CREDIT SUISSE (HONG KONG) LIMITED 2,033,703 placed in domestic 2,033,703
exchange
Foreign shares
China Merchants Securities(HK)Co., Ltd. 2,028,803 placed in domestic 2,028,803
exchange
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The 3rd Quarterly Report 2016(Full Text)
Foreign shares
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX FUND 1,991,804 placed in domestic 1,991,804
exchange
(1) It is unknown whether there is any relationship
among the 10 unrestricted current-share holders. (2) None of
Explanation on associated relationship among the aforesaid shareholders other shareholders is acting-in-concert as described by
Administration Rules of Information Disclosure on Change of
Shareholding Position.
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
Not applicable
III. Significant Events
I. Changes in the principal accounting statement items and financial indications and the causes
Balance sheet items Ending balance in Opening balance in Proportion Causes of change
CNY CNY of the
change
Mainly due to the completion of the
Inventories 2,180,113,756.81 1,826,869,838.60 19.34%
current sales unit does not increase
Mainly due to current purchase of
Other current assets 811,969,171.51 427,203,835.44 90.07%
financial products increased
Mainly due to the increase of the
Construction in process 189,578,333.18 119,187,107.52 59.06% project cost of the scientific research
building of the headquarters
Mainly due to department of large
Account payable 1,102,944,892.35 810,420,381.45 36.10%
accessories to pay increased
Mainly due to the Ministry received an
Deferred income 13,620,580.13 6,804,425.00 100.17% increase in financial assistance for the
current period
Income statement items End of term Same period of last Scale of Remarks on the change
term change
Operation income Mainly due to current sales situation
2,241,834,391.89 1,548,669,193.12 44.76%
improved, sales units increased
Operation cost Mainly due to operating income
1,487,970,320.21 998,351,747.61 49.04% increased year on year, the
corresponding increase in operating
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The 3rd Quarterly Report 2016(Full Text)
costs
Mainly due to companies to maintain
Sale expenses 112,598,400.85 103,927,345.93 8.34% the market and maintain a stable sales
efforts
Administrative expense Mainly caused by the increase in the
528,961,508.88 478,507,184.84 10.54% Company’s research and development
expenditure year on year
Asset impairment loss Mainly due to exchange gains arising
2,220,979.34 3,734,964.80 -40.54%
from a stronger US dollar
Mainly due to decrease in profit for the
period The corresponding decrease in
Income expenses 337,824.85 11,535,844.37 -97.07% income tax expense and increase in
deferred income tax expenses arising
from impairment
Cash flow statement Items Amount in the Same period of the Proportion n Causes of change
reporting period previous year , CNY f the change
Cash flow generated by business Mainly due to the proportion of cash
operation, net 361,060,410.70 275,609,830.02 31.00% receipts in the sales of goods in the
current period increased year on year
Net cash flow generated by investment Mainly caused by the increase in the
-460,559,408.37 -123,207,589.47 -273.81% net amount of financial product
expense at the current period
Net cash flow generated by Financing Mainly due to last year the company
-60,243,944.69 -129,049,862.51 53.32% issued a dividend, not released this
year
Mainly caused by the increase in the
Net increasing of cash and cash
-155,001,766.35 26,366,068.26 -687.88% net amount of financial product
equivalents
expense at the current period
II. Progress of Significant Events, their Influences and Analytical Notice on the Solutions
Not applicable
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
Non-existence
IV．Prediction of Business performance for 2016.
Not applicable
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The 3rd Quarterly Report 2016(Full Text)
V. Investment in securities
Non-existence
VI. Investment in derivatives
Non-existence
VII. Registration form of such Activities as Reception, Research, Communication, Interview in the
Reporting Period
Not applicable
VIII. Outward Guarantee against the Regulations
Not applicable
IX. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related
Parties
Non-existence
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by:：Hangzhou Steam Turbine Co., Ltd.
September 30, 2016
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 623,002,512.36 751,596,796.24
Settlement provision
Outgoing call loan
Financial assets measured at fair value with variations
accounted into current income account
Derivative financial assets
Bill receivable 483,213,019.85 680,518,943.49
Account receivable 1,878,043,244.04 2,096,090,157.61
Prepayments 314,582,452.37 139,267,324.65
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Interest receivable
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The 3rd Quarterly Report 2016(Full Text)
Dividend receivable
Other account receivable 33,968,910.09 25,574,057.29
Repurchasing of financial assets
Inventories 2,180,113,756.81 1,826,869,838.60
Assets held for sales
Non-current asset due in 1 year
Other current asset 811,969,171.51 427,203,835.44
Total of current assets 6,324,893,067.03 5,947,120,953.32
Non-current assets：
Loans and payment on other’s behalf disbursed
Disposable financial asset 548,852,528.53 509,409,741.77
Expired investment in possess
Long-term receivable
Long term share equity investment
Property investment
Fixed assets 598,920,412.50 642,155,636.34
Construction in progress 189,578,333.18 119,187,107.52
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 299,148,619.58 304,949,207.18
R & D petrol
Goodwill
Long-germ expenses to be amortized 1,761,646.23 2,029,471.80
Deferred income tax asset 179,345,328.41 158,924,887.70
Other non-current asset
Total of non-current assets 1,817,606,868.43 1,736,656,052.31
Total of assets 8,142,499,935.46 7,683,777,005.63
Current liabilities
Short-term loans 73,000,000.00 85,350,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
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Financial liabilities measured at fair value with variations
accounted into current income account
Derivative financial liabilities
Bill payable 221,107,239.52 194,226,049.73
Account payable 1,102,944,892.35 810,420,381.45
Advance payment 1,967,220,814.77 1,736,820,949.19
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 74,837,906.27 70,257,474.46
Tax payable 34,241,271.31 36,008,109.09
Interest payable
Dividend payable
Other account payable 29,540,161.37 29,705,125.51
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 100,000.00 300,000.00
Other current liability
Total of current liability 3,502,992,285.59 2,963,088,089.43
Non-current liabilities：
Long-term loan 123,400,000.00 123,400,000.00
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable 330,000.00 330,000.00
Long-term payable employees’s remuneration
Special payable
Expected liabilities
Deferred income 13,620,580.13 6,804,425.00
Deferred income tax liability 1,017,473.05 1,017,473.05
Other non-current liabilities 212,878.00
Total non-current liabilities 138,580,931.18 131,551,898.05
Total of liability 3,641,573,216.77 3,094,639,987.48
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Owners’ equity
Share capital 754,010,400.00 754,010,400.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 139,590,345.09 139,590,345.09
Less：Shares in stock
Other comprehensive income -469,564.94 -852,752.00
Special reserves 31,196,267.98 31,764,920.51
Surplus reserves 621,112,807.78 621,112,807.78
Common risk provision
Undistributed profit 2,613,370,863.60 2,673,711,591.42
Total of owner’s equity belong to the parent company 4,158,811,119.51 4,219,337,312.80
Minority shareholders’ equity 342,115,599.18 369,799,705.35
Total of owners’ equity 4,500,926,718.69 4,589,137,018.15
Total of liabilities and owners’ equity 8,142,499,935.46 7,683,777,005.63
Legal Representative: Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
2.Parent Company Balance Sheet
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 265,657,955.72 387,916,202.79
Financial assets measured at fair value with
variations accounted into current income
account
Derivative financial assets
Bill receivable 237,903,792.45 365,504,827.88
Account receivable 1,435,196,594.64 1,637,391,672.98
Prepayments 214,509,246.87 53,440,645.95
Interest receivable
Dividend receivable
Other account receivable 7,807,360.89 12,245,371.97
Inventories 1,740,123,644.36 1,454,420,457.64
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The 3rd Quarterly Report 2016(Full Text)
Assets held for sales
Non-current asset due in 1 year
Other current asset 560,028,681.62 170,653,680.58
Total of current assets 4,461,227,276.55 4,081,572,859.79
Non-current assets：
Disposable financial asset 505,047,165.02 465,604,378.26
Expired investment in possess
Long-term receivable
Long term share equity investment 502,919,378.03 502,919,378.03
Property investment
Fixed assets 295,219,059.53 334,677,256.20
Construction in progress 100,622,140.47 79,982,551.34
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 174,837,786.80 177,872,266.49
R & D petrol
Goodwill
Long-germ expenses to be amortized 761,660.66 761,660.66
Deferred income tax asset 141,305,913.18 120,771,991.85
Other non-current asset
Total of non-current assets 1,720,713,103.69 1,682,589,482.83
Total of assets 6,181,940,380.24 5,764,162,342.62
Current liabilities
Short-term loans
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Bill payable 13,500,000.00
Account payable 744,416,147.83 436,004,535.90
Advance payment 1,586,323,472.73 1,428,724,224.76
Employees’ wage payable 32,625,585.87 51,373,858.57
Tax payable 12,250,139.72 3,538,126.39
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Interest payable
Dividend payable
Other account payable 19,356,254.27 20,338,742.44
Classified as held for sale debt
Non-current liability due in 1 year
Other current liability
Total of current liability 2,394,971,600.42 1,953,479,488.06
Non-current liabilities：
Long-term loan 100,000,000.00 100,000,000.00
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable to employees
Special payable
Expected liabilities
Deferred income 6,838,405.13 22,250.00
Deferred income tax liability 1,017,473.05 1,017,473.05
Other non-current liabilities
Total of Non-current liabilities 107,855,878.18 101,039,723.05
Total of liability 2,502,827,478.60 2,054,519,211.11
Owners’ equity
Share capital 754,010,400.00 754,010,400.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 138,953,250.09 138,953,250.09
Less：Shares in stock
Other comprehensive income
Special reserves 13,098,989.67 13,098,989.67
Surplus reserves 602,356,402.65 602,356,402.65
Undistributed profit 2,170,693,859.23 2,201,224,089.10
Total of owners’ equity 3,679,112,901.64 3,709,643,131.51
Total of liabilities and owners’ equity 6,181,940,380.24 5,764,162,342.62
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3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 874,410,620.01 493,672,866.88
Incl：Business income 874,410,620.01 493,672,866.88
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 898,062,001.19 580,669,969.95
Incl：Business cost 637,032,414.17 335,842,400.43
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 8,329,543.14 2,224,854.69
Sales expense 36,730,806.87 35,992,771.84
Administrative expense 173,854,590.33 163,337,321.94
Financial expenses 1,708,950.17 -1,197,475.54
Asset impairment loss 40,405,696.51 44,470,096.59
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 6,893,602.33 3,226,553.62
Incl: investment gains from affiliates
Gains from currency exchange（“-”for loss）
III. Operational profit（“-”for loss -16,757,778.85 -83,770,549.45
Add：Non-business income 3,051,550.49 10,459,046.84
Incl：Gains from disposal of non-current assets 100.00 -29,583.00
Less：Non business expenses 1,480,307.99 1,039,638.56
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Incl：Loss from disposal of non-current assets 470.20 -303,677.88
IV.Total profit(“-”for loss) -15,186,536.35 -74,351,141.17
Less：Income tax expenses 3,171,756.19 245,388.17
V. Net profit（“-”for net loss -18,358,292.54 -74,596,529.34
Net profit attributable to the owners of parent company -29,088,489.63 -78,993,858.42
Minority shareholders’ equity 10,730,197.09 4,397,329.08
VI. Net after-tax of Other comprehensive income 18,461.17 -741,835.57
Net after-tax
of other comprehensive income attributable to owners of the 7,860.70 -315,870.62
parent company.
（I）Other comprehensive income items that will not be
reclassified into gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit plans of changes in net
debt or net assets
2.Other comprehensive income under the equity method inve
stee can not be reclassified into profit or loss.
（II）
Other comprehensive income that will be reclassified into pr 7,860.70 -315,870.62
ofit or loss.
1.Other comprehensive income under the equity method inve
stee can be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sa
le financial assets
3.Held-to-maturity investments reclassified to gains and loss
es of available for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements 7,860.70 -315,870.62
6.Other
Net
after-tax of other comprehensive income attributable to Mino 10,600.47 -425,964.95
rity shareholders’ equity
VII. Total comprehensive income -18,339,831.37 -75,338,364.91
Total comprehensive income attributable to the owner of the
-29,080,628.93 -79,309,729.04
parent company
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Total comprehensive income attributable minority
10,740,797.56 3,971,364.13
shareholders
VIII. Earnings per share
（I）Basic earnings per share -0.039 -0.105
(II)Diluted earnings per share -0.039 -0.105
The current business combination under common control, the net profits of the combined party before achieved net profit of RMB
0.00, last period the combined party realized RMB0.00.
Legal Representative:Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
4.Income statement of the Parent Company of the Report period
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 562,290,961.03 267,659,008.23
Less：Business cost 469,793,908.17 208,002,999.52
Business tax and surcharge 5,993,416.83 0.00
Sales expense 21,188,962.01 25,074,884.70
Administrative expense 105,829,118.79 104,296,835.88
Financial expenses 166,594.21 -1,927,945.06
Asset impairment loss 40,004,378.53 29,974,171.98
Add：Gains from change of fir value （“-”for loss） 0.00
Investment gain（“-”for loss） 15,582,740.93 1,249,986.09
Incl: investment gains from affiliates
II. Operational profit（“-”for loss） -65,102,676.58 -96,511,952.70
Add ：Non-operational income 1,622,587.10 4,196,931.14
Including：Income from disposal of non-current assets
Less：Non business expenses 714,604.52 472,554.73
Incl：Loss from disposal of non-current assets
III.Total profit(“-”for loss) -64,194,694.00 -92,787,576.29
Less：Income tax expenses -11,099,901.06 -4,496,125.80
IV. Net profit（“-”for net loss） -53,094,792.94 -88,291,450.49
V.Net of profit of other comprehensive income
（I）Other comprehensive income items that will not be reclassified
into gains/losses in the subsequent accounting period
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1.Re-measurement of defined benefit plans of changes in net debt or
net assets
2.Other comprehensive income under the equity method investee can
not be reclassified into profit or loss.
（ II ）
Other comprehensive income that will be reclassified into profit or l
oss.
1.Other comprehensive income under the equity method investee can
be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sale finan
cial assets
3.Held-to-maturity investments reclassified to gains and losses of av
ailable for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements
6.Other
VI. Total comprehensive income -53,094,792.94 -88,291,450.49
VII. Earnings per share：
（I）Basic earnings per share -0.070 -0.117
(II)Diluted earnings per share -0.070 -0.117
5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Items Amount in this period Amount in last period
I. Total operating income 2,241,834,391.89 1,548,669,193.12
Including：Operating income 2,241,834,391.89 1,548,669,193.12
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 2,314,529,335.97 1,660,201,348.38
Including：Operating cost 1,487,970,320.21 998,351,747.61
Interest expense
Commission chare and commission expense
Insurance discharge payment
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Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 16,752,794.01 8,559,448.11
Sales expense 112,598,400.85 103,927,345.93
Administrative expense 528,961,508.88 478,507,184.84
Financial expenses 2,220,979.34 3,734,964.80
Asset impairment loss 166,025,332.68 67,120,657.09
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 21,938,936.95 42,458,015.67
Incl: investment gains from affiliates
Gains from currency exchange（“-”for loss）
III. Operational profit（“-”for loss -50,756,007.13 -69,074,139.59
Add：Non-business income 9,896,312.51 16,744,253.39
Incl：Gains from disposal of non-current assets
Less：Non business expenses 3,438,002.64 3,196,801.45
Incl：Loss from disposal of non-current assets
IV.Total profit(“-”for loss) -44,297,697.26 -55,526,687.65
Less：Income tax expenses 337,824.85 11,535,844.37
V. Net profit（“-”for net loss -44,635,522.11 -67,062,532.02
Net profit attributable to the owners of parent company -60,340,727.82 -89,276,191.74
Minority shareholders’ equity 15,705,205.71 22,213,659.72
VI. Net after-tax of Other comprehensive income 899,931.08 -1,114,979.45
Net after-tax
of other comprehensive income attributable to owners of the parent c 383,187.06 -474,753.79
ompany.
（I）Other comprehensive income items that will not be reclassified
into gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or
net assets
2.Other comprehensive income under the equity method investee can
18
The 3rd Quarterly Report 2016(Full Text)
not be reclassified into profit or loss.
（II）
Other comprehensive income that will be reclassified into profit or l 383,187.06 -474,753.79
oss.
1.Other comprehensive income under the equity method investee can
be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sale finan
cial assets
3.Held-to-maturity investments reclassified to gains and losses of av
ailable for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements 383,187.06 -474,753.79
6.Other
Net after-tax of other comprehensive income attributable to Minority
516,744.02 -640,225.66
shareholders’ equity
VII. Total comprehensive income -43,735,591.03 -68,177,511.47
Total comprehensive income attributable to the owner of the parent
-59,957,540.76 -89,750,945.53
company
Total comprehensive income attributable minority shareholders 16,221,949.73 21,573,434.06
VIII. Earnings per share
（I）Basic earnings per share -0.080 -0.118
(II)Diluted earnings per share -0.080 -0.118
The current business combination under common control, the net profits of the combined party before achieved net profit of RMB
0.00, last period the combined party realized RMB0.00.
6.Profit Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I. Business income 1,435,991,350.39 888,233,056.51
Less：Business cost 1,015,911,250.13 633,240,390.71
Business tax and surcharge 10,794,084.24 1,398,211.91
Sales expense 69,052,768.19 70,652,269.86
Administrative expense 335,119,956.57 308,110,674.99
Financial expenses -1,276,257.31 2,903,060.49
Asset impairment loss 152,020,358.27 55,164,345.10
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The 3rd Quarterly Report 2016(Full Text)
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 94,396,560.64 148,139,180.05
Incl: investment gains from affiliates
II. Operational profit -51,234,249.06 -35,096,716.50
Add：Non-business income 1,640,400.14 7,082,545.09
Incl：Gains from disposal of non-current assets
Less：Non business expenses 1,470,302.28 1,177,214.68
Incl：Loss from disposal of non-current assets
III.Total profit -51,064,151.20 -29,191,386.09
Less：Income tax expenses -20,533,921.33 -8,144,808.63
IV. Net profit -30,530,229.87 -21,046,577.46
V. Net after-tax of Other comprehensive income
Net after –tax
of profit of other comprehensive income attributable to owners of th
e parent company.
（I）Other comprehensive income items that will not be reclassified
into gains/losses in the subsequent accounting period
1.Re-measurement of defined benefit plans of changes in net debt or
net assets
2.Other comprehensive income under the equity method investee can
not be reclassified into profit or loss.
（II）
Other comprehensive income that will be reclassified into profit or l
oss.
1.Other comprehensive income under the equity method investee can
be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sale finan
cial assets
3.Held-to-maturity investments reclassified to gains and losses of av
ailable for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements
6.Other -30,530,229.87 -21,046,577.46
V. Earnings per share
（I）Basic earnings per share -0.040 -0.028
(II)Diluted earnings per share -0.040 -0.028
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The 3rd Quarterly Report 2016(Full Text)
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of
2,205,347,661.82 1,863,008,900.61
services
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 the financial assets that are measured
at fair value and whose movement is counted to the
current gain and loss
Cash received as interest, processing fee and
commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 6,238,100.28 3,923,733.08
Other cash received from business operation 20,878,728.24 39,495,626.45
Sub-total of cash inflow 2,232,464,490.34 1,906,428,260.14
Cash paid for purchasing of merchandise and services 1,092,177,371.39 802,483,049.81
Net increase of client trade and advance
Net increase of savings n 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 503,817,181.35 515,899,321.06
Taxes paid 144,485,145.93 207,976,861.79
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The 3rd Quarterly Report 2016(Full Text)
Other cash paid for business activities 130,924,380.97 104,459,197.46
Sub-total of cash outflow from business activities 1,871,404,079.64 1,630,818,430.12
Cash flow generated by business operation, net 361,060,410.70 275,609,830.02
II.Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 21,938,936.95 42,458,402.03
Net cash retrieved from disposal of fixed assets,
17,000.00 149,120.20
intangible assets, and other long-term assets
Net cash received from disposal of subsidiaries or
other operational units
Other investment-related cash received 988,800,000.00 1,189,105,999.95
Sub-total of cash inflow due to investment activities 1,010,755,936.95 1,231,713,522.18
Cash paid for construction of fixed assets, intangible
63,172,558.56 44,795,233.90
assets and other long-term assets
Cash paid as investment 39,442,786.76 10,419,276.30
Net increase of loan against pledge
Net cash received from subsidiaries and other
operational units
Other cash paid for investment activities 1,368,700,000.00 1,299,706,601.45
Sub-total of cash outflow due to investment activities 1,471,315,345.32 1,354,921,111.65
Net cash flow generated by investment -460,559,408.37 -123,207,589.47
III.Cash flow generated by financing
Cash received as investment 706,350.00 11,740,000.00
Incl: Cash received as investment from minor
shareholders
Cash received as loans 121,402,502.11 90,400,000.00
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing activities 122,108,852.11 102,140,000.00
Cash to repay debts 134,036,536.05 90,600,000.00
Cash paid as dividend, profit, or interests 48,316,260.75 140,589,862.51
Incl: Dividend and profit paid by subsidiaries to
minor shareholders
Other cash paid for financing activities
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The 3rd Quarterly Report 2016(Full Text)
Sub-total of cash outflow due to financing activities 182,352,796.80 231,189,862.51
Net cash flow generated by financing -60,243,944.69 -129,049,862.51
IV. Influence of exchange rate alternation on cash and
4,741,176.01 3,013,690.22
cash equivalents
V.Net increase of cash and cash equivalents -155,001,766.35 26,366,068.26
Add: balance of cash and cash equivalents at the
751,596,796.24 613,958,063.91
beginning of term
VI ..Balance of cash and cash equivalents at the end
596,595,029.89 640,324,132.17
of term
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
1,323,738,157.07 1,222,686,383.60
rending of services
Tax returned 359,071.25 2,122,030.27
Other cash received from business
10,169,189.04 1,643,931.08
operation
Sub-total of cash inflow 1,334,266,417.36 1,226,452,344.95
Cash paid for purchasing of
633,403,646.46 598,048,343.03
merchandise and services
Cash paid to staffs or paid for staffs 350,255,025.51 352,513,290.86
Taxes paid 49,736,744.31 96,364,022.69
Other cash paid for business activities 41,745,681.57 21,553,427.07
Sub-total of cash outflow from business
1,075,141,097.85 1,068,479,083.65
activities
Cash flow generated by business
259,125,319.51 157,973,261.30
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 94,396,560.64 148,139,577.52
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 16,900.00 1,926.00
long-term assets
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The 3rd Quarterly Report 2016(Full Text)
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 430,000,000.00 200,000,000.00
Sub-total of cash inflow due to
524,413,460.64 348,141,503.52
investment activities
Cash paid for construction of
fixed assets, intangible assets 46,790,472.41 25,625,615.45
and other long-term assets
Cash paid as investment 39,442,786.76 11,593,912.79
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
820,000,000.00 360,000,601.50
activities
Sub-total of cash outflow due to
906,233,259.17 397,220,129.74
investment activities
Net cash flow generated by investment -381,819,798.53 -49,078,626.22
III.Cash flow generated by financing
Cash received as investment
Cash received as loans 19,402,502.11
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from
19,402,502.11
financing activities
Cash to repay debts 19,486,536.05
Cash paid as dividend, profit, or
2,610,507.34 78,902,151.12
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
22,097,043.39 78,902,151.12
financing activities
Net cash flow generated by financing -2,694,541.28 -78,902,151.12
IV. Influence of exchange rate
3,130,773.23 2,411,623.05
alternation on cash and cash equivalents
V.Net increase of cash and cash
-122,258,247.07 32,404,107.01
equivalents
Add: balance of cash and cash
387,916,202.79 248,509,410.84
equivalents at the beginning of term
VI ..Balance of cash and cash 265,657,955.72 280,913,517.85
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The 3rd Quarterly Report 2016(Full Text)
equivalents at the end of term
II. Auditor‘s report
The Q3 Report is not audited.
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Zheng Bin
October 22, 2016
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