Stock Code: 200771            Stock ID: Hangqilun B           Announcement No. 2019-32



                                 Hangzhou Steam Turbine Co., Ltd.
                Performance Prospect for the First Quarter of 2019


 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. Forecast of business performance of the current term

        1. Period of the prospect: January 1，2019 to March 31, 2019

        2. Performance predicted: Increase compared with last period
                                                                                                         Same period of the
              Items                                     For this report period                           previous year
Net profit attributable to the    Earnings：70.09 million yuan–85.67 million yuan               Earnings：39.04 million yuan
shareholders of the listed
company                           Increase over the same period of last year：79.53% - 119.44%

Basic earnings per share          Earnings：About 0.09 yuan-0.11 yuan                            Earnings：0.05 yuan

      II. Pre-audit of estimated earnings

      The estimated earnings have not been pre-audited by certified public accountants.

      III. Causation of change in business performance

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

 attributable to the shareholders of the listed company increased year-on-year, Mainly due to the

 good return in the first quarter of 2019, the provision for bad debts of accounts receivable has been

 reversed.

      IV. Related remark

      The prospect above is a primary estimation. Actual results of the 1st quarter of 2019 will be

 released by the Company’s 1st Quarterly Report 2019. 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.

                                                             April 13,2019