Stock Code: 200771          Stock ID: Hangqilun B               Announcement No.: 2021-86



                                 Hangzhou Steam Turbine Co., Ltd.
                    Estimated performance for the first third quarter 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. Estimate of earnings for the report period

1. Period of the forecast: January 1,2021-September 30,2021
2. Estimated earnings: Losses Turning losses into profits √Year-on-Year increase
Year-on-Year decrease
2. Estimated earnings: Increase compared with last period

    （1）Forecast of Results for the first third quarter of 2021
                                                                                          Same period of the
            Items                              For this report period                     previous year

                             Earnings：461.9 million yuan- 548.5 million yuan
Net profit attributable to                                                         Earnings：363.17 million
the shareholders of the      Increase over the same period of last year：
                                                                                   yuan
listed company               27.19% - 51.03%


Basic earnings per share     Earnings：0.63 yuan/share-0.75 yuan/share             Earnings：0.48 yuan/share

    （2）Forecast of results for the Third quarter of 2021
                                                                                      Same period of the
          Items                  The Third quarter of 2021
                                                                                          previous year

                             Earnings：121.38 million yuan-144.14 million yuan
Net profit attributable to                                                         Earnings：132.27 million
the shareholders of the      Increase over the same period of last year： -8.23%
                                                                                   yuan
listed company               - 8.97%


Basic earnings per share     Earnings：0.17 yuan/share-0.20 yuan/share             Earnings：0.18 yuan/share

    II. Pre-audit of estimated earnings

    The estimated earnings have not been pre-audited by certified public accountants.
III. Reason for change of earnings
   1. The same period of last year, Especially in the first quarter 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 production, and the delivery of customer
orders was affected. 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 third quarter of 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.

October 15,2021