The 3rd Quarterly Report 2017(Full Text)
Stock code：200771 Stock ID：Hangqilun B Announcement No.2017-68
Hangzhou Steam Turbine Co., Ltd.
The Third Quarterly Report 2017(Full Text)
（Stock code：200771）
2017 年 08 月
October 2017
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The 3rd Quarterly Report 2017(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 2017(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.
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
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The 3rd Quarterly Report 2017(Full 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.
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The 3rd Quarterly Report 2017(Full 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
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The 3rd Quarterly Report 2017(Full 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
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The 3rd Quarterly Report 2017(Full 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
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The 3rd Quarterly Report 2017(Full 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.
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The 3rd Quarterly Report 2017(Full Text)
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by:：Hangzhou Steam Turbine Co., Ltd.
September 30, 2017
In RMB
Items At the end of term Beginning of term
Current asset：
Cash and bank balances 984,763,338.31 895,037,559.34
Settlement provision
Due from banks and other financial institutions
Financial assets at fair value through profit or loss
Derivative financial assets
Notes receivable 631,626,005.81 479,716,321.62
Account receivable 1,890,911,988.49 1,870,173,348.32
Advance payments 359,433,917.88 202,184,858.83
Premium receivable
Reinsurance receivable
Reserve for reinsurance receivable
Interest receivable
Dividend receivable 6,900,000.00
Other receivable 22,579,000.09 31,024,707.72
Securities purchased under agreements to resell
Inventories 2,157,037,005.13 1,901,544,358.26
Held-for-sale assets
Current portion of non-current assets
Other current asset 1,051,506,201.41 863,018,479.59
Total of current assets 7,104,757,457.12 6,242,699,633.68
Non-current assets：
Loans and advances
Available-for-sale financial assets 2,881,452,766.48 3,060,865,862.60
Held-to-maturity investments
Long-term receivable
Long term share equity investment
Property investment
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The 3rd Quarterly Report 2017(Full Text)
Fixed assets 581,548,823.90 615,922,109.91
Construction in progress 174,101,684.00 153,743,889.41
Construction materials
Fixed assets pending for disposal
Productive biological assets
Gas & petrol
Intangible assets 292,973,318.92 297,405,434.08
Research and Development Expenditures
Goodwill
Long-term prepaid expenses 1,108,007.99 1,430,968.81
Deferred income tax 188,266,892.69 178,831,809.85
Other non-current asset
Total of non-current assets 4,119,451,493.98 4,308,200,074.66
Total of assets 11,224,208,951.10 10,550,899,708.34
Current liabilities
Short-term bank loan facilities 197,500,000.00 173,000,000.00
Borrowings from central bank
Deposits and placements from other financial institutions
Placement from banks and other financial institution
Financial liabilities at fair value through profit and loss
Derivative financial liabilities
Notes payable 195,415,523.63 143,007,715.10
Account payable 1,105,169,157.59 853,452,589.51
Advances from customers 2,396,631,380.02 1,827,959,793.62
Securities sold under agreement to repurchase
Fees and commissions payable
Payroll payable 75,799,733.03 71,224,634.03
Taxes and surcharges payable 18,561,605.50 90,239,673.16
Interest payable 134,376.32
Dividend payable
Other payable 30,637,671.56 30,820,980.80
Reinsurance amounts payable
Provision of insurance contract
Securities brokering
Securities underwriting
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The 3rd Quarterly Report 2017(Full Text)
Held-for-sale liabilities
Current portion of non-current liabilities 18,200,000.00 18,500,000.00
Other current liability
Total of current liability 4,037,915,071.33 3,208,339,762.54
Non-current liabilities：
Long-term bank loan facilities 4,900,000.00 4,900,000.00
Bond payable
Including：preferred stock
Perpetual capital securities
Long-term payable 208,330,000.00 208,357,733.33
Long-term employee benefits payable
Grants payable
Provisions
Deferred income 9,357,937.15 5,422,895.00
Deferred tax liabilities 348,128,435.30 378,256,646.95
Other non-current liabilities
Total non-current liabilities 570,716,372.45 596,937,275.28
Total of liability 4,608,631,443.78 3,805,277,037.82
Equity
Share capital 754,010,400.00 754,010,400.00
Other equity instrument
Including：preferred stock
Perpetual capital securities
Reserves 139,540,528.72 139,590,345.09
Less: treasury shares
Other comprehensive income 1,966,732,271.08 2,137,419,299.84
Specialized reserve 27,054,040.21 27,546,353.37
Surplus reserves 621,112,807.78 621,112,807.78
General risk reserve
Retained earnings 2,769,660,618.32 2,705,667,037.15
Equity contributable to parent company 6,278,110,666.11 6,385,346,243.23
Minority interests 337,466,841.21 360,276,427.29
Total equity 6,615,577,507.32 6,745,622,670.52
Total liabilities and equity 11,224,208,951.10 10,550,899,708.34
Legal Representative: Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
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The 3rd Quarterly Report 2017(Full Text)
2.Parent Company Balance Sheet
In RMB
Items At the end of term Beginning of term
Current asset：
Cash and bank balances 421,340,324.19 293,454,126.93
Financial assets at fair value through profit or loss
Derivative financial assets
Notes receivable 350,159,893.86 269,527,716.22
Account receivable 1,359,168,529.95 1,424,950,696.58
Advance payments 194,016,464.86 115,383,408.34
Interest receivable
Dividend receivable 6,900,000.00
Other receivable 6,607,402.36 68,004,706.24
Inventories 1,678,989,682.85 1,446,652,799.71
Held-for-sale assets
Current portion of non-current assets
Other current asset 705,331,300.24 600,000,000.00
Total of current assets 4,722,513,598.31 4,217,973,454.02
Non-current assets：
Available-for-sale financial assets 2,840,693,076.90 3,020,106,173.02
Held-to-maturity investments
Long-term receivable
Long term share equity investment 502,919,378.03 502,919,378.03
Property investment
Fixed assets 274,298,601.26 315,900,380.66
Construction in progress 103,519,757.21 94,170,909.99
Construction materials
Fixed assets pending for disposal
Productive biological assets
Gas & petrol
Intangible assets 172,814,800.34 173,826,293.57
Research and Development Expenditures
Goodwill
Long-term prepaid expenses 507,773.78 507,773.78
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Deferred income tax 141,860,065.82 133,581,773.70
Other non-current asset
Total of non-current assets 4,036,613,453.34 4,241,012,682.75
Total of assets 8,759,127,051.65 8,458,986,136.77
Current liabilities
Short-term bank loan facilities 100,000,000.00 100,000,000.00
Financial liabilities at fair value through profit and loss
Derivative financial liabilities
Notes payable 5,000,000.00
Account payable 677,239,078.34 486,810,046.42
Advances from customers 1,786,049,944.76 1,476,780,338.78
Payroll payable 41,888,478.82 44,035,408.19
Taxes and surcharges payable 2,876,061.30 64,247,326.24
Interest payable
Dividend payable
Other payable 14,438,407.90 21,562,998.72
Held-for-sale liabilities
Current portion of non-current liabilities
Other current liability
Total of current liability 2,627,491,971.12 2,193,436,118.35
Non-current liabilities：
Long-term bank loan facilities
Bond payable
Including：preferred stock
Perpetual capital securities
Long-term payable
Long-term employee benefits payable
Grants payable
Provisions
Deferred income 2,547,016.05
Deferred income tax 348,128,435.30 378,256,646.95
Other non-current liabilities
Total of Non-current liabilities 350,675,451.35 378,256,646.95
Total liability 2,978,167,422.47 2,571,692,765.30
Equity
Share capital 754,010,400.00 754,010,400.00
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Other equity instrument
Including：preferred stock
Perpetual capital securities
Reserves 138,953,250.09 138,953,250.09
Less: treasury shares
Other comprehensive income 1,967,073,624.13 2,137,800,156.80
Specialized reserve 10,820,835.88 10,874,033.85
Surplus reserves 602,356,402.65 602,356,402.65
Retained earnings 2,307,745,116.43 2,243,299,128.08
Total equity 5,780,959,629.18 5,887,293,371.47
Total liabilities and equity 8,759,127,051.65 8,458,986,136.77
Legal Representative: Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
3.Consolidated Income statement of the Report period
In RMB
Items Amount in this period Amount in last period
I. Revenue 925,501,518.37 874,410,620.01
Including: business revenue 925,501,518.37 874,410,620.01
Interest income
Premiums earned
Fees and commissions income
II. Total operating cost 912,082,177.92 898,062,001.19
Including: Cost of sales 635,724,163.85 637,032,414.17
Interest expense
Fees and commissions expense
Cash surrender amount
Net expenses of claim settlement
Net provisions for insurance contract reserves
Policy dividend expenses
Reinsurance expenses
Business taxes and surcharges 2,186,397.87 8,329,543.14
Selling expenses 39,315,517.86 36,730,806.87
Administrative expense 170,150,543.55 173,854,590.33
Financial expenses 4,334,132.88 1,708,950.17
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Impairment loss on assets 60,371,421.91 40,405,696.51
Add: Gain from fair-value changes(“-“for loss)
Investment income(“-“for loss) 17,742,166.35 6,893,602.33
Including: investment income from associates and joint
ventures
Gain on foreign exchange(“-“for loss)
Other income
III. Operating profit（“-”for loss） 31,161,506.80 -16,757,778.85
Add:Non-operating income 5,218,527.80 3,051,550.49
Including：Gains from disposal of non-current assets 2,555,740.94 100.00
Less：Non business expenses -1,537,490.37 1,480,307.99
Incl：Loss from disposal of non-current assets 12,090.90 470.20
IV. Profit before tax(“-“for loss) 37,917,524.97 -15,186,536.35
Less: Income tax expense -668,029.80 3,171,756.19
V. Net profit (“-“for net loss) 38,585,554.77 -18,358,292.54
Net profit attributable to the owners of parent company 19,997,776.79 -29,088,489.63
Minority interests 18,587,777.98 10,730,197.09
VI. Other comprehensive income after tax -152,355,402.50 18,461.17
Net of profit of other comprehensive income attributable to
-152,071,929.42 7,860.70
owners of the 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 de
bt or net assets
2.Other comprehensive income under the equity method investe
e can not be reclassified into profit or loss.
（II）
Other comprehensive income that will be reclassified into profit -152,071,929.42 7,860.70
or loss.
1.Other comprehensive income under the equity method investe
e can be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sale
-151,861,722.43
financial assets
3.Held-to-maturity investments reclassified to gains and losses
of available for sale financial assets
4.The effective portion of cash flow hedges and losses
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5.Translation differences in currency financial statements -210,206.99 7,860.70
6.Other
Net
after-tax of other comprehensive income attributable to Minorit -283,473.08 10,600.47
y shareholders’ equity
VII. Total comprehensive income -113,769,847.73 -18,339,831.37
Total comprehensive income attributable to the owner of the
-132,074,152.63 -29,080,628.93
parent company
Total comprehensive income attributable minority
18,304,304.90 10,740,797.56
shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.027 -0.039
(II)Diluted earnings per share 0.027 -0.039
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.Revenue 621,115,493.86 562,290,961.03
Less：Business cost 469,564,314.90 469,793,908.17
Business tax and surcharge -1,059,866.18 5,993,416.83
Selling expenses 24,919,849.58 21,188,962.01
Administrative expense 103,779,136.81 105,829,118.79
Financial expenses 2,694,873.23 166,594.21
Impairment loss on assets 56,967,035.94 40,004,378.53
Add: Gain from fair-value changes(“-“for loss)
Investment income(“-“for loss) 17,628,312.14 15,582,740.93
Including: investment income from associates and joint ventures
Other income
II. Operational profit（“-”for loss） -18,121,538.28 -65,102,676.58
Add:Non-operating income 4,448,135.30 1,622,587.10
Including：Gains from disposal of non-current assets 2,555,740.94
Less:Non-operating expenses -1,618,696.05 714,604.52
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Incl：Loss from disposal of non-current assets
IV. Profit before tax(“-“for loss) -12,054,706.93 -64,194,694.00
Less: Income tax expense -3,501,175.09 -11,099,901.06
V. Net profit (“-“for net loss) -8,553,531.84 -53,094,792.94
VI.Net of profit of other comprehensive income -151,861,722.43
（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 o -151,861,722.43
r loss.
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 fi
-151,861,722.43
nancial assets
3.Held-to-maturity investments reclassified to gains and losses of
available 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 -160,415,254.27 -53,094,792.94
VII. Earnings per share：
（I）Basic earnings per share -0.011 -0.070
(II)Diluted earnings per share -0.011 -0.070
Legal Representative: Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
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. Revenue 2,589,226,220.63 2,241,834,391.89
Including：Operating income 2,589,226,220.63 2,241,834,391.89
Interest income
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The 3rd Quarterly Report 2017(Full Text)
Insurance gained
Commission charge and commission income
II. Total operating cost 2,602,813,222.01 2,314,529,335.97
Including：Operating cost 1,828,109,215.33 1,487,970,320.21
Interest expense
Commission chare and commission expense
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 20,922,948.45 16,752,794.01
Selling expenses 121,189,533.71 112,598,400.85
Administrative expense 524,562,321.36 528,961,508.88
Financial expenses 12,279,377.17 2,220,979.34
Asset impairment loss 95,749,825.99 166,025,332.68
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 106,730,672.88 21,938,936.95
Incl: investment gains from affiliates
Gains from currency exchange（“-”for loss）
Other income
III. Operational profit（“-”for loss 93,143,671.50 -50,756,007.13
Add：Non-business income 9,773,377.68 9,896,312.51
Incl：Gains from disposal of non-current assets 2,752,651.04 17,399.04
Less：Non business expenses -1,257,699.24 3,438,002.64
Incl：Loss from disposal of non-current assets 28,447.58 181,669.06
IV.Total profit(“-”for loss) 104,174,748.42 -44,297,697.26
Less：Income tax expenses 5,860,337.77 337,824.85
V. Net profit（“-”for net loss 98,314,410.65 -44,635,522.11
Net profit attributable to the owners of parent company 63,993,581.17 -60,340,727.82
Minority shareholders’ equity 34,320,829.48 15,705,205.71
VI. Net after-tax of Other comprehensive income -170,633,756.07 899,931.08
Net after-tax
-170,687,028.76 383,187.06
of other comprehensive income attributable to owners of the pa
18
The 3rd Quarterly Report 2017(Full Text)
rent 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 de
bt or net assets
2.Other comprehensive income under the equity method investe
e can not be reclassified into profit or loss.
（II）
Other comprehensive income that will be reclassified into profit -170,687,028.76 383,187.06
or loss.
1.Other comprehensive income under the equity method investe
e can be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sale
-170,726,532.67
financial assets
3.Held-to-maturity investments reclassified to gains and losses
of available for sale financial assets
4.The effective portion of cash flow hedges and losses
5.Translation differences in currency financial statements 39,503.91 383,187.06
6.Other
Net
after-tax of other comprehensive income attributable to Minorit 53,272.69 516,744.02
y shareholders’ equity
VII. Total comprehensive income -72,319,345.42 -43,735,591.03
Total comprehensive income attributable to the owner of the
-106,693,447.59 -59,957,540.76
parent company
Total comprehensive income attributable minority
34,374,102.17 16,221,949.73
shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.085 -0.080
(II)Diluted earnings per share 0.085 -0.080
Legal Representative:Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
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
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The 3rd Quarterly Report 2017(Full Text)
I.Revenue 1,737,260,574.47 1,435,991,350.39
Less：Business cost 1,318,546,461.50 1,015,911,250.13
Business tax and surcharge 7,296,536.20 10,794,084.24
Selling expenses 74,276,730.74 69,052,768.19
Administrative expense 353,927,864.76 335,119,956.57
Financial expenses 8,841,881.84 -1,276,257.31
Asset impairment loss 84,610,943.77 152,020,358.27
Add：Gains from change of fir value （“-”for loss）
Investment gain（“-”for loss） 158,941,964.67 94,396,560.64
Incl: investment gains from affiliates
Other income
II. Operational profit 48,702,120.33 -51,234,249.06
Add：Non-business income 5,860,749.25 1,640,400.14
Incl：Gains from disposal of non-current assets 2,555,740.94 17,299.04
Less：Non business expenses -1,604,826.65 1,470,302.28
Incl：Loss from disposal of non-current assets 1,824.00 10,000.00
III.Total profit 56,167,696.23 -51,064,151.20
Less：Income tax expenses -8,278,292.12 -20,533,921.33
IV. Net profit 64,445,988.35 -30,530,229.87
V. Net after-tax of Other comprehensive income -170,726,532.67
（ 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 de
bt or net assets
2.Other comprehensive income under the equity method investe
e can not be reclassified into profit or loss.
（II）
Other comprehensive income that will be reclassified into profit -170,726,532.67
or loss.
1.Other comprehensive income under the equity method investe
e can be reclassified into profit or loss.
2.Gains and losses from changes in fair value available for sale
-170,726,532.67
financial assets
3.Held-to-maturity investments reclassified to gains and losses
of available for sale financial assets
4.The effective portion of cash flow hedges and losses
20
The 3rd Quarterly Report 2017(Full Text)
5.Translation differences in currency financial statements
6.Other
VI.Total comprehensive income -106,280,544.32 -30,530,229.87
VII.Earnings per share
（I）Basic earnings per share 0.085 -0.040
(II)Diluted earnings per share 0.085 -0.040
Legal Representative:Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
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 services 2,568,093,696.92 2,205,347,661.82
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 14,404,590.75 6,238,100.28
Other cash received from business operation 17,353,241.43 20,878,728.24
Sub-total of cash inflow 2,599,851,529.10 2,232,464,490.34
Cash paid for purchasing of merchandise and services 1,552,659,985.01 1,092,177,371.39
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
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The 3rd Quarterly Report 2017(Full Text)
Cash paid to staffs or paid for staffs 516,677,860.36 503,817,181.35
Taxes paid 204,017,110.68 144,485,145.93
Other cash paid for business activities 126,571,791.67 130,924,380.97
Sub-total of cash outflow from business activities 2,399,926,747.72 1,871,404,079.64
Cash flow generated by business operation, net 199,924,781.38 361,060,410.70
II.Cash flow generated by investing
Cash received from investment retrieving 87,259,813.79
Cash received as investment gains 99,830,672.88 21,938,936.95
Net cash retrieved from disposal of fixed assets, intangible assets, and other
16,449,715.72 17,000.00
long-term assets
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 2,862,767,338.00 988,800,000.00
Sub-total of cash inflow due to investment activities 3,066,307,540.39 1,010,755,936.95
Cash paid for construction of fixed assets, intangible assets and other long-term
-19,054,636.97 63,172,558.56
assets
Cash paid as investment 100,243,111.17 39,442,786.76
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 3,045,950,000.00 1,368,700,000.00
Sub-total of cash outflow due to investment activities 3,127,138,474.20 1,471,315,345.32
Net cash flow generated by investment -60,830,933.81 -460,559,408.37
III.Cash flow generated by financing
Cash received as investment 706,350.00
Incl: Cash received as investment from minor shareholders
Cash received as loans 114,500,000.00 121,402,502.11
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing activities 114,500,000.00 122,108,852.11
Cash to repay debts 90,300,000.00 134,036,536.05
Cash paid as dividend, profit, or interests 46,822,775.75 48,316,260.75
Incl: Dividend and profit paid by subsidiaries to minor shareholders
Other cash paid for financing activities 20,928,500.18
Sub-total of cash outflow due to financing activities 158,051,275.93 182,352,796.80
Net cash flow generated by financing -43,551,275.93 -60,243,944.69
IV. Influence of exchange rate alternation on cash and cash equivalents -5,816,792.67 4,741,176.01
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The 3rd Quarterly Report 2017(Full Text)
V.Net increase of cash and cash equivalents 89,725,778.97 -155,001,766.35
Add: balance of cash and cash equivalents at the beginning of term 895,037,559.34 751,596,796.24
VI ..Balance of cash and cash equivalents at the end of term 984,763,338.31 596,595,029.89
Legal Representative:Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
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 rending of services 1,571,897,429.24 1,323,738,157.07
Tax returned 1,250,418.38 359,071.25
Other cash received from business operation 7,165,542.91 10,169,189.04
Sub-total of cash inflow 1,580,313,390.53 1,334,266,417.36
Cash paid for purchasing of merchandise and services 1,003,979,797.77 633,403,646.46
Cash paid to staffs or paid for staffs 355,704,642.77 350,255,025.51
Taxes paid 104,637,532.52 49,736,744.31
Other cash paid for business activities 44,601,771.76 41,745,681.57
Sub-total of cash outflow from business activities 1,508,923,744.82 1,075,141,097.85
Cash flow generated by business operation, net 71,389,645.71 259,125,319.51
II.Cash flow generated by investing
Cash received from investment retrieving 78,558,351.80
Cash received as investment gains 152,041,964.67 94,396,560.64
Net cash retrieved from disposal of fixed assets, intangible assets,
16,038,461.54 16,900.00
and other long-term assets
Net cash received from disposal of subsidiaries or other operational
units
Other investment-related cash received 1,815,992,395.89 430,000,000.00
Sub-total of cash inflow due to investment activities 2,062,631,173.90 524,413,460.64
Cash paid for construction of fixed assets, intangible assets
42,300,701.68 46,790,472.41
and other long-term assets
Cash paid as investment 100,000,000.00 39,442,786.76
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 1,855,000,000.00 820,000,000.00
Sub-total of cash outflow due to investment activities 1,997,300,701.68 906,233,259.17
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Net cash flow generated by investment 65,330,472.22 -381,819,798.53
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 financing activities 19,402,502.11
Cash to repay debts 19,486,536.05
Cash paid as dividend, profit, or interests 2,549,722.22 2,610,507.34
Other cash paid for financing activities
Sub-total of cash outflow due to financing activities 2,549,722.22 22,097,043.39
Net cash flow generated by financing -2,549,722.22 -2,694,541.28
IV. Influence of exchange rate alternation on cash and cash
-6,284,198.45 3,130,773.23
equivalents
V.Net increase of cash and cash equivalents 127,886,197.26 -122,258,247.07
Add: balance of cash and cash equivalents at the beginning of term 293,454,126.93 387,916,202.79
VI ..Balance of cash and cash equivalents at the end of term 421,340,324.19 265,657,955.72
Legal Representative:Zheng Bin Person in charge of accounting：Pu Yangshuo Accounting Dept Leader: Zhao Jiamao
II. Auditor‘s report
Whether the Q3 report is audited
The Q3 Report is not audited.
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Zheng Bin
October 25, 2017
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The 3rd Quarterly Report 2017(Full Text)
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