Stock Code: 200771          Stock ID: Hangqilun B           Announcement No. 2019-08




                                   Hangzhou Steam Turbine Co., Ltd.
                                           2018 Performance Forecast


         The members of the Board and the Company acknowledge being responsible for the truthfulness,

         accuracy, and completeness of the announcement. Not any false record, misleading statement or

         significant omission carried in this announcement.




          I. Prediction of business performance of the current term
         1. Period of the prospect: January 1,2018 – December 31, 2018

         2. Performance predicted: Increase compared with last period

            Items                                      This report term                         Same period last year


Net profit attributable to the   Earnings：320 million yuan–390 million yuan            Earnings：68.75 million

shareholders of the listed       Increase over the same period of last year：

company                          365.45%—467.27%

Basic earnings per share         Earnings：About 0.42 yuan—0.52 yuan                    Earnings：0.09 yuan

         II. Pre-audit of estimated earnings

         The estimated earnings have not been pre-audited by certified public accountants.
          III. Reason for change of earnings

         Statement of the board about significant change in business performances: The net profit

         attributable to shareholders of listed companies larger increased year-on-year, mainly due to the

         increase in sales revenue from the delivery of units during the year, and the company's profits

         increased accordingly.


         IV. Other relevant explanation


         The above forecast is a primary calculating of the Company’s accounting department. For actual

         data please catch up with the annual report 2018 which will be released later.
Shanghai   Securities   Daily,   Securities   Times,   Hong   Kong    Commercial    Daily   and

www.cninfo.com.cn are the official presses of the Company for information disclosure.

This announcement is hereby made.




                    The Board of Directors of Hangzhou Steam Turbine Co., Ltd.


                    January 23, 2019