The 3rd Quarterly Report 2018(Text)
Stock code：200771 Stock ID：Hangqilun B Announcement No.2018-70
Hangzhou Steam Turbine Co., Ltd.
The Third Quarterly Report 2018(Text)
（Stock code：200771）
2017 年 08 月
October 2018
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The 3rd Quarterly Report 2018(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.Zhao Jiamao, Chief financial officer and the Mr.Jin Can, 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.
II. Basic information about the company
I. Main financial data and indices
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
No
Changed （%）over
As at the end of the reporting period As at the end of last year
end of prev. year
Gross assets（Yuan） 11,705,467,175.92 10,830,597,182.38 8.08%
Net assets attributable to the shareholders of
6,041,748,628.95 5,884,816,809.55 2.67%
the listed company（Yuan）
Increase/decrease
Between beginning of
over the same Changed （%）over
Reporting period the year to the end of
period of last year end of prev. year
the report period
（%）
Operating income（RMB） 1,108,687,686.30 19.79% 3,392,818,668.43 31.04%
Net profit attributable to the shareholders of
163,313,243.33 716.66% 291,823,837.34 356.02%
the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 144,020,340.79 1,384.86% 233,491,067.51 1,660.94%
listed company（RMB）
Cash flow generated by business operation,
-- -- 600,061,531.02 200.14%
net（RMB）
Basic earning per share(RMB/Share) 0.217 703.70% 0.387 355.29%
Diluted gains per
0.217 703.70% 0.387 355.29%
share(RMB/Share)(RMB/Share)
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The 3rd Quarterly Report 2018(Text)
Weighted average income/asset ratio（%） 2.73% 2.41% 4.89% 3.88%
Items and amount of non-current gains and losses
In RMB yuan
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
-15,902.82
impairment provision is made)
Govemment subsidy recognized in current gain and loss(excluding those closely
22,867,462.28
related to the Company’s business and granted under the state’s policies)
Gain/loss from debt reorganization 6,613,000.00
In addition to normal business with the company effective hedging related business,
holders of tradable financial assets, transactions and financial liabilities arising from
changes in fair value gains and losses, as well as the disposal of trading of financial 38,271,017.01
assets, trading financial liabilities and available-for-sale financial assets gains return on
investment
Net amount of non-operating income and expense except the aforesaid items 1,389,571.44
Less: .Amount of influence of income tax 9,791,306.35
Influence on minority shareholders’ equity (after tax) 1,001,071.73
Total 58,332,769.83 --
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 2018(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 number of common Total preference shareholders with the voting power
14,284 0
shareholders at the period-end recovered at the end of the 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
Foreign legal
VANGUARD EMERGING MARKETS STOCK INDEX FUND 0.63% 4,722,804 0
person
Domestic
Zhou Jie 0.53% 3,960,000 0
Natural person
Foreign legal
ISHARES CORE MSCI EMERGING MARKETS ETF 0.46% 3,493,674 0
person
State-owned
China Merchants Securities (HK)Co., Ltd. 0.46% 3,459,717 0
legal person
Foreign legal
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 0.46% 3,454,046 0
person
Foreign legal
NORGES BANK 0.37% 2,771,277 0
person
Foreign legal
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 0.35% 2,652,063 0
person
Domestic
Xia Zulin 0.30% 2,280,000 0
Natural person
Domestic
Wang Yihu 0.19% 1,441,324 0
Natural person
To 10 holders of unconditional shares
Amount of shares without sales Share type
Shareholders’ Names
restriction Share type Quantity
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The 3rd Quarterly Report 2018(Text)
Foreign shares placed in
VANGUARD EMERGING MARKETS STOCK INDEX FUND 4,722,804 4,722,804
domestic exchange
Foreign shares placed in
Zhou Jie 3,960,000 3,960,000
domestic exchange
Foreign shares placed in
ISHARES CORE MSCI EMERGING MARKETS ETF 3,493,674 3,493,674
domestic exchange
Foreign shares placed in
China Merchants Securities (HK)Co., Ltd. 3,459,717 3,459,717
domestic exchange
Foreign shares placed in
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 3,454,046 3,454,046
domestic exchange
Foreign shares placed in
NORGES BANK 2,771,277 2,771,277
domestic exchange
Foreign shares placed in
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 2,652,063 2,652,063
domestic exchange
Foreign shares placed in
Xia Zulin 2,280,000 2,280,000
domestic exchange
Foreign shares placed in
Wang Yihu 1,441,324 1,441,324
domestic exchange
Foreign shares placed in
CREDIT SUISSE AG HONG KONG BRANCH 1,301,759 1,301,759
domestic exchange
(1)It is unknown to the Company if there is any relationship among the top
10 common share holders without restriction. (2) Other Shareholders. is
Explanation on associated relationship or concerted action of the
not an action-in-concert” party with any of other shareholders as described by
above shareholders
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 2018(Text)
III. Significant Events
I. Changes in the principal accounting statement items and financial indications and the causes
In RMB yuan
Balance sheet items Ending balance Opening balance Proportion Causes of change
of the
change
Mainly due to the increase in prepayments for
Advance payments 22,867,462.28 3,158,099.85 624.09%
raw materials during the period.
Mainly due to the increase in dividends
Other receivable 54,032,024.96 5,860,337.77 822.00% receivable from Hangzhou Bank pledged shares
in the current period.
Mainly due to the increase in the purchase of
Other current assets 22,867,462.28 3,158,099.85 624.09% Financial management products during the
period.
Mainly due to the increase in construction
Construction in process 54,032,024.96 5,860,337.77 822.00% investment in new plant projects and research
buildings in the current period.
Mainly due to the payment of materials and the
Notes payable and account
22,867,462.28 3,158,099.85 624.09% issuance of acceptance bills for the current
payable
period.
Mainly due to the increase in income tax at the
Taxes payable 54,032,024.96 5,860,337.77 822.00%
end of the period.
Mainly received the second demolition
Long-term payable 22,867,462.28 3,158,099.85 624.09%
compensation in the current period.
Income statement items End of term Same period of last Scale of Remarks on the change
term change
Mainly due to the realization of the company's
Operation revenue 3,392,818,668.43 2,589,226,220.63 31.04% key projects in the current period, the sales
revenue increased year-on-year.
Taxes and surcharges Mainly due to the year-on-year increase in
33,984,172.83 20,922,948.45 62.43%
payable VAT payable in the current period.
Mainly due to the increase in interest income
Financial expenses -9,991,434.12 12,279,377.17 -181.37%
and net exchange income during the period.
Mainly due to the increase in contract
Non-operation expenses 3,264,511.69 -1,268,990.81 357.25%
compensation in the current period.
Other gains 22,867,462.28 3,158,099.85 624.09% Mainly due to the state-owned value-added tax
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The 3rd Quarterly Report 2018(Text)
relief for military products in the current period.
Mainly due to the increase in profits during the
Income tax expenses 54,032,024.96 5,860,337.77 822.00% period, resulting in an increase in current
income tax expenses.
Cash flow statement Amount in the Same period of the Proportion Causes of change
Items reporting period previous year n f the
change
Cash flow generated by Mainly due to the increase in cash received
business operation, net from sales of goods during the period and the
600,061,531.02 199,924,781.38 200.14%
decrease in cash paid for the purchase of raw
materials.
Net cash flow generated by Mainly due to the increase in cash paid for the
investment -417,696,615.32 -60,830,933.81 -586.65% construction and construction projects in the
current period.
Net increasing of cash and Mainly due to the increase in dividends
-66,417,360.93 -43,551,275.93 -52.50%
cash equivalents distributed during the period.
II. Progress of Significant Events, their Influences and Analytical Notice on the Solutions
1. During the reporting period, the company promoted the construction of two major projects as planned, and fully
prepared for the relocation work. As of the disclosure date, the company's steam turbine heavy-duty plant was put
into operation and the painting workshop was first relocated to the heavy factory area; the company's scientific re
search building has been successfully completed and is expected to be delivered at the end of the year.
2.The company signed the “ Compensation Agreement for the Relocation of Non-residential Houses on
State-owned Land” with Hangzhou Xiacheng City Construction Investment Development Group Co., Ltd.
Up to now, it has received a total of RMB 306,793,224.24 for relocation compensation. The complete report is
available as Announcement 2018-57 with Securities Times, Shanghai Securities Daily, Hong Kong Commercial
Daily and at www.cninfo.com.cn dated August 7, 2018.
Summary of important matters Disclosure date Temporary report disclosure of website query index
Announcement on receipt of dividends from
3、The company received and confirmed the Hangzhou
July 7, 2018 hangzhou Bank. Disclosed by http://www.
Bank's 2017 dividend income.
cninfo.com.cn.（2018-50）
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
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The 3rd Quarterly Report 2018(Text)
IV. Anticipation of Business Performance of 2018
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
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The 3rd Quarterly Report 2018(Text)
V. Investment in securities
In RMB yuan
Purcha
Mode of Sale
se Gain/los
Stock accounti Book value balance at Changes in fair amount Book value balance at Sauce
Security Security Cumulative fair value amoun s of the Accounting
Abbreviatio Initial investment cost ng the beginning of the value of the this in the the end of the reporting of the
category code changes in equity t in the reportin Items
n measure reporting period period this period shares
this g period
ment period
period
Financial
Domestic and Hangzhou assets Self
600926 390,954,040.00 FVM 2,239,086,521.28 -96,069,048.81 1,474,843,560.28 0.00 0.00 0.00 2,126,064,110.92
foreign stocks Bank available for funds
sale
Total 390,954,040.00 -- 2,239,086,521.28 -96,069,048.81 1,474,843,560.28 0.00 0.00 0.00 2,126,064,110.92 -- --
Disclosure Date of Announcement on
Securities investment approved by the Nil
Board of Directors
Disclosure Date of Announcement on
Securities Investment Approved by Nil
the Shareholders Meeting (If any)
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The 3rd Quarterly Report 2018(Text)
VI. Entrusted financial management
Unit :Ten thousand yuan
Type Source Amount Unexpired balance Overdue amount
Bank financing product Self fund 109,797 95,307 0
Brokerage financing
Self fund 0 0 0
product
Trust financing product Self fund 28,620 23,120 0
Other Self fund 1,600.5 0 0
Total 140,017.5 118,427 0
Specific Circumstance of Trust Investment which is Large in single amount, low insecurity, poor in liquidity
or unguaranteed in high risk
Not applicable
Situation with the appearance of principals which can not be recovered expectedly or other existing
situations which may lead to impairment\
Not applicable
VII. Investment in derivatives
Non-existence
VIII. Registration form of such Activities as Reception, Research, Communication, Interview in the
Reporting Period
Reception time Way of reception Types of visitors Basic index
Details are the relevant information disclosure
July 13,2018 Onsite investigation Organization
（http://www.cninfo.com.cn/）
IX. Outward Guarantee against the Regulations
Not applicable
X. 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
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The 3rd Quarterly Report 2018(Text)
October 23, 2018
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