The 3rd Quarterly Report 2017(Text)
Stock code：200771 Stock ID：Hangqilun B Announcement No.2017-69
Hangzhou Steam Turbine Co., Ltd.
The Third Quarterly Report 2017(Text)
1
The 3rd Quarterly Report 2017(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.
2
The 3rd Quarterly Report 2017(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.
No
As at the end of the
As at the end of last year Changed （%）over end of prev. year
reporting period
Gross assets（RMB） 11,224,208,951.10 10,550,899,708.34 6.38%
Net assets attributable to the shareholders of
6,278,110,666.11 6,385,346,243.23 -1.68%
the listed company（RMB）
Increase/decrease over Between beginning of
Changed （%）over
Reporting period the same period of last the year to the end of
end of prev. year
year（%） the report period
Operating income（RMB） 925,501,518.37 5.84% 2,589,226,220.63 15.50%
Net profit attributable to the shareholders of
19,997,776.79 168.75% 63,993,581.17 206.05%
the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 9,699,270.59 126.56% 13,259,488.98 116.58%
listed company（RMB）
Cash flow generated by business operation,
-- -- 199,924,781.38 -44.63%
net（RMB）
Basic earning per share(RMB/Share) 0.027 169.23% 0.085 206.25%
Diluted gains per
0.027 169.23% 0.085 206.25%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio（%） 0.32% 1.02% 1.01% 2.45%
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
2,724,203.46
assets impairment provision is made)
Govemment subsidy recognized in current gain and loss(excluding those
closely related to the Company’s business and granted under the state’s 3,158,099.85
policies)
Gain/loss from change of fair value of transactional financial asset and 52,715,774.41
3
The 3rd Quarterly Report 2017(Text)
liabilities, and investment gains from disposal of transactional financial assets
and 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 3,384,963.82
Less：Amount of influence of income tax 10,147,425.90
Influence on minority shareholders’ equity (after tax) 1,101,523.45
Total 50,734,092.19 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and
Losses and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on
information Disclosure for Companies offering their securities to the public-non-recurring Gains and losses
which have been defined as recurring gains and losses, it is necessary to explain the reason.
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.
4
The 3rd Quarterly Report 2017(Text)
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
Total number of common shareholders at
14,916 voting power recovered at the end of the 0
the period-end
reporting period(if any)
Shares held by the top 10 shareholders
Pledging or
Amount of
Share freezing
Properties of tradable shares
Shareholder name proportion Quantity Status
shareholder with Conditional Qua
% of the
held ntity
shares
State-owned
Hangzhou Steam Turbine Power Group Co., Ltd. 63.64% 479,824,800 479,824,800
legal person
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX Foreign legal
0.63% 4,722,804 0
FUND person
Foreign legal
NORGES BANK 0.57% 4,303,675 0
person
Foreign legal
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 0.46% 3,454,046 0
person
Foreign legal
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 0.35% 2,670,262 0
person
Foreign legal
ISHARES CORE MSCI EMERGING MARKETS ETF 0.34% 2,546,600 0
person
State-owned
China Merchants Secutities(HK)Co., Ltd. 0.31% 2,319,872 0
legal person
Domestic
Xia Zulin 0.28% 2,147,400 0
Natural person
Foreign legal
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES LTD 0.25% 1,905,960 0
person
Foreign legal
CREDIT SUISSE AG HONG KONG BRANCH 0.23% 1,729,759 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
5
The 3rd Quarterly Report 2017(Text)
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX Foreign shares placed
4,722,804 4,722,804
FUND in domestic exchange
Foreign shares placed
NORGES BANK 4,303,675 4,303,675
in domestic exchange
Foreign shares placed
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 3,454,046 3,454,046
in domestic exchange
Foreign shares placed
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 2,670,262 2,670,262
in domestic exchange
Foreign shares placed
ISHARES CORE MSCI EMERGING MARKETS ETF 2,546,600 2,546,600
in domestic exchange
Foreign shares placed
China Merchants Secutities(HK)Co., Ltd. 2,319,872 2,319,872
in domestic exchange
Foreign shares placed
Xia Zulin 2,147,400 2,147,400
in domestic exchange
CHINA INT'L CAPITAL CORP HONG KONG SECURITIES Foreign shares placed
1,905,960 1,905,960
LTD in domestic exchange
Foreign shares placed
CREDIT SUISSE AG HONG KONG BRANCH 1,729,759 1,729,759
in domestic exchange
Foreign shares placed
Shenwan Hongyuan Securities(H.K)Co., Ltd. 1,368,900 1,368,900
in domestic exchange
(1）It is unknown to the Company if there is any relationship among the top
10 common share holders without restriction; (2) Hangzhou Steam Turbine
Explanation on associated relationship or concerted action of the
Group Co., Ltd. is not an action-in-concert” party with any of other
above shareholders
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
Not applicable
financing & securities lending (If any)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
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
6
The 3rd Quarterly Report 2017(Text)
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 Causes of change
CNY CNY of the
change
Note receivable Mainly due to the notes receivable received in
631,626,005.81 479,716,321.62 31.67%
the current period increased
Advance payments Mainly due to current advances to raw
359,433,917.88 202,184,858.83 77.77%
materials increased
Note payable Mainly due to increase in acceptance of current
195,415,523.63 143,007,715.10 36.65%
period
Advances from Mainly due to the current increase in the new
2,396,631,380.02 1,827,959,793.62 31.11%
customers contract
Taxes and surcharges Mainly due to there is no value-added tax at the
18,561,605.50 90,239,673.16 -79.43%
payable beginning of this period
Deferred income Mainly due to increase in financial subsidies
9,357,937.15 5,422,895.00 72.56%
received in the current period
Income statement End of term Same period of last Scale of Remarks on the change
items term change
Operation income Mainly due to this issue will further strengthen
2,589,226,220.63 2,241,834,391.89 15.50% the market development efforts, increase the
number of sales units
Operation cost Mainly due to the current operating income
1,828,109,215.33 1,487,970,320.21 22.86% increased year on year, the corresponding
increase in operating costs
Mainly due to the accounts receivable with long
Impairment loss on
95,749,825.99 166,025,332.68 -42.33% aging accounts are better recovered and bad
assets
debts are reduced
Mainly due to the current sale of Long Beach
Investment income 106,730,672.88 21,938,936.95 386.49% shares and received the formation of Hangzhou
Bank dividend income increased
Cash flow statement Amount in the Same period of the Proportion Causes of change
Items reporting period previous year , CNY n f the
change
Cash flow generated Mainly due to cash paid for the purchase of
by business 199,924,781.38 361,060,410.70 -44.63% goods in the current period increased year on
operation, net year
Net cash flow -60,830,933.81 -460,559,408.37 86.79% Mainly due to the net redemption and
7
The 3rd Quarterly Report 2017(Text)
generated by investment income of the current financial
investment products increased year on year
Net increasing of
Mainly due to the net cash flow from investing
cash and cash 89,725,778.97 -155,001,766.35 157.89%
activities increased during the current period
equivalents
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. Anticipation of Business Performance of 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
Reception time Way of reception Types of visitors Basic index
August 31, Onsite Details are the relevant information disclosure
Individual
2017 investigation （http://www.cninfo.com.cn/）
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
X. Implementation of the social Responsibility of taking targeted measures to alleviate poverty in light of local
Conditions.
In The report third quarter, the company neither carried out the work of taking targeted measures to alleviate
poverty in light of local conditions nor has such a plan.
8
The 3rd Quarterly Report 2017(Text)
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Zheng Bin
October 25, 2017
9