Stock Code: 200771         Stock ID: Hangqilun B             Announcement No.: 2021-60



                                   Hangzhou Steam Turbine Co., Ltd.

                             Performance Forecast of the First half of 2021



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 1，2021 to June 30, 2021


      2. Estimated earnings: Losses Turning losses into profits √Year-on-Year increase

      Year-on-Year decrease


      3.Performance forecast table
                                                                                        Same period of the
            Items                             For this report period                     previous year

                             Earnings：324.75 million yuan-380.25 million yuan
Net profit attributable to
                             Increase over the same period of last year：        Earnings：230.91 million yuan
the shareholders of the
listed company               40.64%-64.67%


Basic earnings per share     Earnings：0.44 yuan/share-0.52 yuan/share           Earnings：0.31 yuan/share

     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
    1. In the first half of 2020，due to the impact of the “new corona-virus epidemic”, the Company
and upstream and downstream enterprises in the industry delayed the resumption of work and prod
uction, and the delivery of customer orders was affected, resulting in losses in the same period last
 year. During the reporting period, the Company's operations and the delivery of orders of
upstream and downstream customers have basically recovered. The Company's sales scale and
profitability have achieved substantial growth.
      2. The gas turbine contract for the Huo’qiu project was terminated with Sinosteel Equipment
Co., Ltd under the mediation of the court, and a compensation of 109 million yuan was obtained,
which’s included the non-recurring profit and loss.


IV. Other relevant explanation


     1. The estimated performance is the preliminary data, Actual results of will be released in the

report of the Company for the first half 2021. investors are advised to make decisions prudently

and pay attention to investment risks.

     2.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.

                                                                                       July 15,2021