Hangzhou Steam Turbine Co., Ltd. Summary of the Semi-annual Report 2022
Stock Code: 200771 Stock ID: Hangqilun B Announcement No.:2022-75
Hangzhou Steam Turbine Co., Ltd.
Summary of the Semi-Annual Report 2022
I. Important notes
This summary of the Semi-Annual Report is quoted out of the full text of the Annual Report. Investors desirous
to understand entirely the Company's operation results, financial position and future development planning are
advised to carefully read the full text of the Semi-Annual Report which is published in the medium designated
by CSRC.
All the directors attended the board meeting for the review of this Report.
Non-standard auditor’s opinion
□ Applicable √Not applicable
Preliminary plan for profit distribution to the common shareholders or turning the capital reserve into the share
capital for the reporting period, which has been reviewed and approved at the board meeting
□ Applicable √Not applicable
The company will distribute no cash dividends or bonus shares and has no reserve capitalization plan.
The preference share profit distribution pre-plan approved by the Board of Directors
□ Applicable √Not applicable
II. Basic information about the company
1. Company profile
Stock ID Hangqilun B Stock Code 200771
Stock Exchange Listed Shenzhen Stock Exchange
Contact person and contact manner Board secretary Securities affairs Representative
Name Li Guiwen Li Xiaoyang
No.1188, Dongxin Road, No.1188, Dongxin Road,
Address Hangzhou , Zhejiang Hangzhou , Zhejiang
Tel. 0571-85780058 0571-85780438
Email. lgw@htc.cn lixiaoyang@htc.cn
2. Major accounting data and financial indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
√Yes □No
Retroactive adjustment or restatement of causes
Merger of enterprises under the same control
Increase/decrease
Same period last year
This report term (%)
Before adjustment After adjustment After adjustment
1
Hangzhou Steam Turbine Co., Ltd. Summary of the Semi-annual Report 2022
Operating revenue（Yuan） 3,075,980,333.58 2,966,020,451.07 3,163,901,368.82 -2.78%
Net profit attributable to the
shareholders of the listed 348,340,310.01 425,641,416.95 336,184,909.79 3.62%
company（Yuan）
Net profit after deducting of
non-recurring gain/loss
attributable to the 270,767,570.26 258,513,133.28 258,513,133.28 4.74%
shareholders of listed
company（Yuan）
Cash flow generated by
business operation, net 164,877,823.29 177,081,012.71 168,326,218.43 -2.05%
（Yuan）
Net asset earning ratio（%） 4.24% 5.19% 4.09% 0.15%
As at the end of As at the end of last year YoY+/-（%）
the reporting
period Before adjustment After adjustment After adjustment
Gross assets (yuan) 15,707,267,144.88 16,319,667,628.76 16,319,667,628.76 -3.75%
Shareholders’ equity
attributable to shareholders of 8,501,186,009.20 7,927,485,773.65 7,927,485,773.65 7.24%
the listed company（yuan）
3. Shareholders and shareholding
In shares
Total number of
preferred
Total Number of common shareholders that had
shareholders at the end of the 11,108 restored the voting 0
reporting period right at the end of the
reporting period (if
any) (note 8)
Shareholdings of Top 10 shareholders
Proportion Amount of Number or share
Shareholders Number of pledged/frozen
Nature of of shares
shares held at restricted
shareholder held State of
period -end Amount
（%） shares held share
State-
Hangzhou Steam Turbine
owned legal 63.64% 623,772,240 623,772,240
Holdings Co., Ltd.
person
GUOTAI JUNAN
Foreign
SECURITIES(HONGKONG) 0.81% 7,943,279 0
legal person
LIMITED
State-
China Merchants Securities
owned legal 0.71% 6,966,068 0
(HK)Co., Ltd person
Domestic
Zhou Jie Natural 0.64% 6,250,000 0
person
VANGUARD TOTAL
Foreign
INTERNATIONAL STOCK 0.59% 5,764,789 0
legal person
INDEX FUND
ISHARES CORE MSCI Foreign
0.54% 5,273,662 0
EMERGING MARKETS ETF legal person
VANGUARD EMERGING Foreign 0.52% 5,096,887 0
2
Hangzhou Steam Turbine Co., Ltd. Summary of the Semi-annual Report 2022
MARKETS STOCK INDEX legal person
FUND
Foreign
NORGES BANK 0.33% 3,268,888 0
legal person
Domestic
Xia Zulin Natural 0.32% 3,098,060 0
person
Domestic
Gu Yang Natural 0.21% 2,038,821 0
person
(1) Hangzhou Steam Turbine Holdings Co., Ltd. is the holder of
state-shares of the Company, all other shareholders’ are holders of
domestic listed foreign shares (B shares)
(2) There is no relationship between Hangzhou Steam Turbine
Explanation on associated relationship
Holdings Co., Ltd. and other shareholders;
among the aforesaid shareholders
(3) Hangzhou Steam Turbine Holdings Co., Ltd. is not an “action-
in-concert” party with any of other shareholders as described by
the “Administration Rules of Informational Disclosure about
Change of Shareholding Statues of PLCs”.
Explanation on shareholders participating in
Not applicable
the margin trading business(if any )
4. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
5.Number of preference shareholders and shareholdings of top 10 of them
□ Applicable √ Not applicable
No preference shareholders in the reporting period
6. Corporate bonds that existed on the date when this Report was authorized for issue
□ Applicable √ Not applicable
III. Significant events
1. In order to meet the working capital required by the Company's wholly-owned subsidiary Hangzhou Steam
Turbine New Energy Co., Ltd to expand the new business market and promote the Company's strategic
transformation from manufacturing to manufacturing services, the Company planned to increase the registered
capital of 300 million yuan to the new energy company, the capital increase would be in place in batches
according to the actual business growth of the new energy company. After this capital increase was completed,
the registered capital of the new energy company would increase from 200 million yuan to 500 million yuan.
On March 22, 2022, the Company held the twenty-second meeting of the eighth Meeting of board of directors
3
Hangzhou Steam Turbine Co., Ltd. Summary of the Semi-annual Report 2022
to consider and approve the "Proposal on Increasing Capital to New Energy Company", which did not need to
be submitted to the general meeting of shareholders for deliberation. For details, please refer to the Company
Announcement-Announcement No:2022-11.
1. Hangzhou Zhongneng Steam Turbine Power Co., Ltd, a holding subsidiary of the Company, intended to
realize capital increase and share expansion by introducing strategic investment and simultaneously
implementing employee stock ownership in order to further improve its corporate governance structure, fully
mobilize the enthusiasm of employees, and meet the funds needs of production and operation development such
as capacity expansion, industrial chain extension, and talent introduction. The registered capital would be
increased from 92.5 million yuan to 120 million yuan, a capital increase by 27.5 million yuan.On March 22,
2022, the Company convened the 12nd meeting of the eighth session of board of directors to consider and
approve the "Proposal on Capital Increase and Share Expansion of Zhongneng Company", which did not need
to be submitted to the general meeting of shareholders. For details, please refer to the Company's
Announcement, with announcement No: 2022-10.
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Zheng Bin
August 25, 2022
4
