Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2017
Stock Code：200771 Stcok ID: Hangqilun B Announcement No.2017-35
Hangzhou Steam Turbine Co., Ltd.
The 1st Quarterly Report 2017
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2017
I. Important Prompt
The Board of Directors, The Supervisory Committee, the supervisors 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.
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2017
II. Basic information about the company
I. Main financial data and indices
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not.
No
Changes of this period over same
This period Same period of last year
period of last year（％）
Operating income（RMB） 748,344,237.44 687,834,749.02 8.80%
Net profit attributable to the shareholders of
16,752,601.64 6,620,245.62 153.05%
the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -15,980,860.17 2,908,791.39 -649.40%
listed company（RMB）
Cash flow generated by business operation,
-200,738,208.12 18,550,921.62 -1,182.09%
net（RMB）
Basic earning per share(RMB/Share) 0.02 0.01 100.00%
Diluted gains per
0.02 0.01 100.00%
share(RMB/Share)(RMB/Share)
Weighted average return on equity（%） 0.24% 0.16% 0.08%
Changes of this period-end over
End of this period End of last period
same period-end of last year(%)
Gross assets（RMB） 10,966,970,527.59 10,550,899,708.34 3.94%
Net assets attributable to the shareholders
6,608,363,192.44 6,385,346,243.23 3.49%
of the listed company（RMB）
Items and amount of non-current gains and losses
In RMB
Amount (Year-beginning to the
Non-recurring gain and loss items Notes
end of the report period.)
Non-current asset disposal gain/loss(including the
write-off part for which assets impairment provision -2,499.60
is made)
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s 2,486,351.20
business and granted under the state’s policies)
Gain/loss from change of fair value of transactional
financial asset and liabilities, and investment gains 35,686,339.58
from disposal of transactional financial assets and
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2017
liabilities and sellable financial assets other than valid
period value instruments related to the Company’s
common businesses.
Other non-operating income and expenditure except
1,554,852.88
for the aforementioned items
Less: Amount of influence of income tax 6,479,408.00
Amount of influence of minority interests（After tax） 512,174.25
Total 32,733,461.81 --
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 1st Quarterly Report 2017
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 with the voting
Total number of common shareholders at the
15,314 power recovered at the end of the reporting 0
period-end
period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
tradable
Properties of Share
Shareholder name Quantity shares with Status of
shareholder proportion % Quantity
Conditional the shares
held
State-owned legal
Hangzhou Steam Turbine Power Group Co., Ltd. 63.64% 479,824,800 479,824,800
person
Foreign legal
Shanwan Hongyuan Securities (HK) Co.,Ltd. 0.71% 5,325,166 0
person
BBH A/C VANGUARD EMERGING MARKETS Foreign legal
0.63% 4,722,804 0
STOCK INDEX FUND person
Foreign legal
NORGES BANK 0.57% 4,303,675 0
person
GUOTAIJUNAN SECURITIES(HONGKONG) Foreign legal
0.45% 3,411,781 0
LIMITED person
VANGUARD TOTAL INTERNATIONAL STOCK Foreign legal
0.45% 3,370,146 0
INDEX FUND person
CHINA INT'L CAPITAL CORP HONG KONG Foreign legal
0.32% 2,425,960 0
SECURITIES LTD person
State-owned legal
China Merchants Secutities(HK)Co., Ltd. 0.31% 2,318,344 0
person
Domestic Natural
Xia Zulin 0.28% 2,100,000 0
person
Foreign legal
ISHARES CORE MSCI EMERGING MARKETS ETF 0.26% 1,988,800 0
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
Shanwan Hongyuan Securities (HK) Co.,Ltd. 5,325,166 placed in domestic 5,325,166
exchange
Foreign shares
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX FUND 4,722,804 4,722,804
placed in domestic
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2017
exchange
Foreign shares
NORGES BANK 4,303,675 placed in domestic 4,303,675
exchange
Foreign shares
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 3,411,781 placed in domestic 3,411,781
exchange
Foreign shares
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 3,370,146 placed in domestic 3,370,146
exchange
Foreign shares
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD 2,425,960 placed in domestic 2,425,960
exchange
Foreign shares
China Merchants Secutities(HK)Co., Ltd. 2,318,344 placed in domestic 2,318,344
exchange
Foreign shares
Xia Zulin 2,100,000 placed in domestic 2,100,000
exchange
Foreign shares
ISHARES CORE MSCI EMERGING MARKETS ETF 1,988,800 placed in domestic 1,988,800
exchange
Foreign shares
CREDIT SUISSE AG HONG KONG BRANCH 1,729,759 placed in domestic 1,729,759
exchange
(1) There is not any relationship between Hangzhou Steam Turbine Group
Power Group Co., Ltd. and other shareholders; (2) It is unknown to the
Company if there is any relationship among the top 10 common share holders
Explanation on associated relationship or concerted action of the above
without restriction; (3) Hangzhou Steam Turbine Group Co., Ltd. is not an
shareholders
“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”.
Note to the top 10 common stockholders involved in margin financing &
Not applicable
securities lending (If any)
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.
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2017
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
In RMB
Balance sheet items Ending balance in Opening balance in Proportion of Causes of change
CNY CNY the
change
Mainly due to the current repayment of the bill
Bill receivable 598,481,186.07 479,716,321.62 24.76%
more due
Mainly due to the current period in accordance
Advance account 500,527,501.83 202,184,858.83 147.56% with the provisions of the purchase contract
prepaid to the supplier due to the increase
Mainly due to the current purchase of financial
Other current assets 642,270,509.40 863,018,479.59 -25.58%
products due to reduced year on year
Profit statement items Amount in the Same period of the Proportion n f Causes of change
reporting period previous year , CNY the change
Mainly due to the long-term accounts receivable
Asset impairment loss -250,837.45 65,049,476.00 -100.39% with a long aging, aging structure changes are not
obvious, less provision for bad debts due
Which was mainly due to the investment income
Investment income 35,686,339.58 4,321,846.55 725.72% of the Changdi equity investment partnership of
the Company
Mainly due to the impairment loss of assets of the
current period, while the company transferred
Total profit 30,423,182.05 12,921,893.35 135.44%
Changdi equity investment partnership formed
investment income
Cash flow statement Items Amount in the Same period of the Proportion n f Causes of change
reporting period previous year , CNY the change
Cash flow generated by Mainly due to the increase in taxes paid in the
business operation, net -200,738,208.12 18,550,921.62 -1182.09% current period, the number of acceptance bills in
the quarter due to more
Net cash flow generated by Mainly due to the current period due to increase
264,097,295.53 -118,577,325.06 322.72%
investment in wealth management products
Net cash flow generated by 5,613,901.44 -34,422,806.47 116.31% Mainly due to the decrease in the amount of bank
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2017
Financing repayment in the current period
II. Progress of Significant Events, their Influences and Analytical Notice on the Solutions
The optimize the company's capital structure and meet the needs of the company’s operating funds, the company
made the transfer of the Company’s Share of Property of Changdi Equity Investment. The Content is available as
The Announcement No. 2016-76,2016-78 and 2016-89 released by Securities Times, Shanghai Securities Daily,
Hong Kong Commercial Daily and http://www.cninfo.com.cn dated October 23, 2016,November 17,2016 and
December 26, 2016 respectively .
On January 3, 2017, the Company formally signed an agreement on the transfer of the shares of Hangzhou
Changdi Equity Investment Partnership Firm (limited partnership) with Zhejiang Juqing Investment Co., Ltd. and
received the announcement from Zhejiang Juqing Investment Co., Ltd. on Jan. 17 Of the transfer of 73.68 million
yuan.
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. Anticipation of Business Performance from January to June, 2017
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.
Not applicable
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
Nil
VIII. Outward Guarantee against the Regulations
Nil
IX. Non-operational Occupancy of the Company’s Capital by the Controlling Shareholder and its Related
Parties
Non-existence
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Zheng Bin
April 26,2017
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Hangzhou Steam Turbine Co., Ltd. The 1st Quarterly Report 2017
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