Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
Stock Code：200771 Stock ID: Hangqilun B Announcement No.:2022-82
Hangzhou Steam Turbine Power Group Co., Ltd.
The Third Quarterly Report 2022
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.
Important content reminder:
1.The Board of Directors, The Supervisory Committee, the supervisors and the directors of the Company
guarantee that there are no significant omissions, fictitious or misleading statements carried in the Report and
we will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the Report.
2. Principal of the Company, Person in Charge of Accounting Works and Person in Charge of Accounting Organ
(Accounting Officer) hereby confirm that the Financial Report of the Third Quarterly Report is authentic,
accurate and complete.
3. Whether the Third Quarterly Report has been audited or not
□Yes √No
I. Main financial data
(I) Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
√Yes □ No
Retroactive adjustment or restatement of causes
Merger of enterprises under the same control
Increase/de Increase/de
crease in crease from
the period year-begin
compared Year-begin to period-
The same period of the end
This period Same period of last year with the to period-
previous year compared
same end with the
period of same
the period of
previous the
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
year previous
year
Before After After Before After After
adjustment adjustment adjustment adjustment adjustment adjustment
Operating
1,204,092,7 1,114,367,4 1,115,511,7 4,280,073,0 4,080,387,9 4,279,413,1
income 7.94% 0.02%
（Yuan） 36.67 81.21 91.65 70.25 32.28 60.47
Net profit
attributable
to the
shareholder 79,920,825. 151,725,60 165,072,95 428,261,13 577,367,01 501,257,86
s of the -51.58% -14.56%
31 2.91 7.19 5.32 9.86 6.98
listed
company
（Yuan）
Net profit
after
deducting
of non-
recurring
gain/loss 62,952,498. 143,471,58 143,471,58 333,720,06 401,984,71 401,984,71
attributable -56.12% -16.98%
88 0.39 0.39 9.14 3.67 3.67
to the
shareholder
s of listed
company
（Yuan）
Cash flow
generated
- -
by business 84,191,460.
operation, - - - - 134,439,56 113,223,69 174.36%
06
net 1.16 7.05
（Yuan）
Basic
earning per
0.08 0.16 0.17 -52.94% 0.45 0.60 0.52 -13.46%
share(Yuan
/Share)
Diluted
gains per
0.08 0.16 0.17 -52.94% 0.45 0.60 0.52 -13.46%
share(Yuan
/Share)
Weighted
average
return on 0.94% 1.80% 1.97% -1.03% 5.24% 6.95% 6.02% -0.78%
equity
（%）
Increase/decrease at the
period-end compared with
End of last period
End of this period the end of the previous
year
Before adjustment After adjustment After adjustment
Gross
assets 15,812,924,292.71 16,319,667,628.76 16,319,667,628.76 -3.11%
（Yuan）
Net assets
attributable
to the
shareholder
8,426,156,894.86 7,927,485,773.65 7,927,485,773.65 6.29%
s of the
listed
company
（Yuan）
（II)Items and amount of non-current gains and losses
√ Applicable □ Not applicable
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
In RMB
Amount from year-begin to
Items This period Notes
period -end
Non-current asset disposal gain/loss(including
the write-off part for which assets impairment -92,865.50 -280,430.85
provision is made)
Tax refund, deduction and exemption that is
examined and approved by authority exceeding 0.00 0.00
or has no official approval document.
Governmental Subsidy accounted as current
gain/loss, except for those subsidies at with
amount or quantity fixed by the national 17,517,830.64 42,838,831.77
government and closely related to the Company’s
business operation.
Capital occupation charges on non-financial
enterprises that are recorded into current gains 0.00 0.00
and losses
Gains due to that the investment costs for the
Company to obtain subsidiaries, associates and
joint ventures are lower than the enjoyable fair 0.00 0.00
value of the identifiable net assets of the
investees when making the investments
Gain/loss on non-monetary asset swap 0.00 0.00
Gain/loss on entrusting others with investments
0.00 0.00
or asset management
Asset impairment provisions due acts of God
0.00 0.00
such as natural disasters
Gains/losses of debt restructure 0.00 0.00
Reorganization expenses, such as expenditure for
0.00 0.00
allocation of employees and integration fee
Gains/losses exceeding the fair value arising
0.00 0.00
from transactions with obviously unfair prices
Net gain and loss of the subsidiary under the
common control and produced from enterprise
0.00 0.00
consolidation from the beginning of the period to
the consolidation date
Gain and loss arising from contingent matters
irrelevant with the Company’s normal operation 0.00 0.00
business
Gain and loss from change of the fair value
arising from transactional monetary assets,
transactional financial liabilities as held as well
as the investment income arising from disposal
of the transactional monetary assets, 4,365,579.73 33,103,514.87
transactional financial liabilities and financial
assets available for sale excluding the effective
hedging transaction in connection with the
Company’s normal business
Reverse of the provision for impairment of
accounts receivable undergoing impairment test 0.00 0.00
individually
Gain/loss from external entrusted loan 0.00 0.00
Gain and loss arising from change in the fair
value of the investment based real estate measure 0.00 0.00
afterwards by means of fair value model
Influence upon the current gains and losses from
0.00 0.00
the once-and –for –all adjustment over the
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
current gains and losses according to the taxation
and accounting laws and regulations
Income from custodian charge obtained from
0.00 0.00
entrusted operation
Other non-operating income and expenditure
1,140,267.46 41,898,043.77
except for the aforementioned items
Other profit and loss items that meet the
0.00
definition of non-operating profit and loss
Less: Influenced amount of income tax 3,244,131.68 16,780,946.48
Amount of influence of minority interests（After
2,718,354.22 6,237,946.90
tax）
Total 16,968,326.43 94,541,066.18 --
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
□ Applicable √ Not applicable
The Company does not have other gain/loss items that qualified the definition of non-recurring profit
(gains)/losses
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information
Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as
recurring gain/loss
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on
Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss”
defined as recurring gain/loss
(III) Particulars about changes in items of main accounting data and financial index and explanations of
reasons
√ Applicable □Not applicable
Balance sheet YOY increase
September 30,2022 January 1,2022 Reason
items or decrease
Transactional Mainly due to the decrease in the purchase of wealth
772,087,472.70 960,645,259.82 -19.63%
financial assets management products.
Mainly due to the decrease in the purchase of raw
materials in the current period; Major customers
Inventories 2,338,715,951.04 3,041,643,747.35 -23.11%
concentrated deliveries, and the number of inventory
sets of goods was reduced.
Mainly due to the merger of the steam turbine heavy
industry company in the previous period, and the
Other current asset 7,687,279.33 66,174,951.42 -88.38%
original VAT retained tax that could not be deducted
previously was deducted in the current period.
Mainly due to the new energy company received
Long-term
92,841,093.20 153,741,093.20 -39.61% the project funds of Tianjin Tiantie and Lu'an
receivable
Fanfeng Projects.
Mainly due to the projects such as the Steam
Construction in
322,423,944.06 517,835,956.11 -37.74% Turbine Heavy Industry Technology Building
progress
transferred into the fixed assets.
Development Mainly due to the estimated expensed gas turbine
23,544,630.71 -
expenses development costs incurred in the current period.
Mainly due to the increase in self-issued bill
Notes payable 407,921,570.83 309,404,319.27 31.84%
payments in the current period.
Mainly due to a decrease in advance receipts in the
Contract liabilities 2,322,393,282.57 3,052,515,293.06 -23.92%
current period.
Mainly due to the balance of value-added tax and
Tax payable 54,868,955.51 81,622,378.10 -32.78% income tax payable at the end of the period
decreased compared with the beginning of the
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
period.
Mainly due to the return of 145 million yuan of
Other account
290,633,034.26 434,578,338.13 -33.12% borrowings by the new energy company in the
payable
current period.
Non-current
Mainly due to a decrease in bank loans maturing
liability due within 12,551,953.25 17,607,722.97 -28.71%
within one year in the current period.
1 year
Other current Mainly due to the reduction of taxes corresponding
300,693,733.45 395,640,629.47 -24.00%
liability to the advance receipts in the current period.
Mainly due to the YOY increase in financial
Special payable 12,231,798.64 7,249,677.56 68.72%
incentive fees received in the current period.
Mainly due to the Company distributed 3 bonus
Share capital 980,179,980.00 754,010,400.00 30.00% shares per 10 shares to all shareholders in the
current period.
Minority Mainly due to the Zhongneng company received the
shareholders’ 598,113,706.79 402,064,747.47 48.76% capital increase by shareholders in the current
equity period.
Income statement YOY increase
Current period Last period Reason
items or decrease
Mainly due to that the previous heavy industry’s
VAT retained tax is offset in the current period after
Business tax and the heavy industry merged into, resulting in a
14,403,727.96 28,634,628.60 -49.70%
surcharge decrease in the payment of value-added tax in the
current period and a decrease in taxes and
surcharges provision.
R & D expense 195,605,314.43 274,024,213.51 -28.62% Mainly due to the number of R&D units decreased.
Mainly due to an increase in net foreign exchange
Financial expenses -35,411,697.65 -3,713,944.43 -853.48%
income YOY.
Impairment loss of Mainly due to the good collection of accounts
assets/ Credit -2,596,004.18 -31,779,436.61 91.83% receivable in the current period, and the provision
impairment loss for bad debts is reversed.
Income from fair Mainly due to the change in the fair value of
402,212.88 -719,371.14 155.91%
value change Lutianhua shares held in the current period.
Mainly due to the recognition of a large amount of
Investment income 127,857,624.09 163,889,158.49 -21.99% convertible bond income in the same period of the
previous year.
Mainly due to the decrease in recognition of other
Other income 43,254,619.27 127,992,622.26 -66.21% income of relocation expenses in the current period
compared with the same period last year.
Mainly due to received compensation of 109 million
Non-operating
45,722,943.12 128,047,121.56 -64.29% yuan paid by China Steel Equipment Co., Ltd in the
income
same period of the previous year.
Mainly due to the recognition of relocation loss by
Non-operating the transfer of 86.06 million yuan of real estate and
4,498,465.53 83,279,119.74 -94.60%
expenses land to Steam Turbine Holdings in the same period
of the previous year.
Income tax Mainly due to an increase in deferred tax expense in
76,045,433.74 102,307,394.34 -25.67%
expenses the same period last year.
Profit and loss of
Mainly due the net profit of some subsidiaries
minority 73,777,784.82 52,381,076.86 40.85%
increased YOY.
shareholders
Cash Flow YOY increase
Current period Last period Reason
Statement Items or decrease
Cash flow
generated by Mainly due to a YOY decrease in cash outflows for
84,191,460.06 -113,223,697.05 174.36%
corporate income tax payments.
business operation,
net
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
Net cash flow
Mainly due to a YOY decrease in net purchases of
generated by 175,648,596.47 87,631,322.49 100.44%
wealth management products.
investment
Net cash flow Mainly due to the subsidiaries China Energy
generated by -297,335,597.28 -369,654,728.72 19.56% Company and Casting Company absorbed
Financing investments.
II. Shareholders Information
(I) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
In shares
Total preference shareholders with the voting
Total number of common shareholders at the
11,153 power recovered at the end of the reporting 0
period-end
period(if any)
Shares held by the top 10 shareholders
Pledging or freezing
Amount of
tradable
Properties of Share
Shareholder name Quantity shares with Status of the
shareholder proportion % Quantity
shares
Conditional
held
Hangzhou Steam Turbine State-owned
63.64% 623,772,240 623,772,240
Holdings Co., Ltd. legal person
China Merchants Foreign legal
0.70% 6,891,523 0
Securities(HK)Co., Ltd. person
GUOTAI JUNAN
Foreign legal
SECURITIES(HONGKONG) 0.69% 6,805,897 0
person
LIMITED
Domestic
Zhou Jie Natural 0.64% 6,302,300 0
person
VANGUARD TOTAL
Foreign legal
INTERNATIONAL STOCK 0.59% 5,764,789 0
INDEX FUND person
ISHARES CORE MSCI
Foreign legal
EMERGING MARKETS 0.53% 5,179,362 0
person
ETF
VANGUARD EMERGING
Foreign legal
MARKETS STOCK INDEX 0.52% 5,096,887 0
FUND person
Foreign legal
NORGES BANK 0.33% 3,268,888 0
person
Domestic
Xia Zulin Natural 0.32% 3,170,000 0
person
Domestic
Gu Yang Natural 0.21% 2,038,821 0
person
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
Shares held by the Top 10 Shareholders of Non-restricted shares
Number of Share type
the non-
Shareholders’ Names
restricted Share type Quantity
shares held
Foreign shares placed in
China Merchants Securities(HK)Co., Ltd. 6,891,523 6,891,523
domestic exchange
Foreign shares placed in
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 6,805,897 6,805,897
domestic exchange
Foreign shares placed in
Zhou Jie 6,302,300 6,302,300
domestic exchange
VANGUARD TOTAL INTERNATIONAL STOCK INDEX Foreign shares placed in
5,764,789 5,764,789
FUND domestic exchange
Foreign shares placed in
ISHARES CORE MSCI EMERGING MARKETS ETF 5,179,362 5,179,362
domestic exchange
Foreign shares placed in
VANGUARD EMERGING MARKETS STOCK INDEX FUND 5,096,887 5,096,887
domestic exchange
Foreign shares placed in
NORGES BANK 3,268,888 3,268,888
domestic exchange
Foreign shares placed in
Xia Zulin 3,170,000 3,170,000
domestic exchange
Foreign shares placed in
Gu Yang 2,038,821 2,038,821
domestic exchange
Foreign shares placed in
Wang Yihu 2,001,956 2,001,956
domestic exchange
(1)It is unknown to the Company if there is any relationship
among the top 10 common share holders without restriction. (2)
Explanation on associated relationship or concerted action of the Other Shareholders. is not an action-in-concert” party with any
above shareholders of other shareholders as described by the “Administration Rules
of Informational Disclosure about Change of Shareholding
Statues of PLCs”.
Note to the top 10 common stockholders involved in margin
Not applicable
financing & securities lending (If any)
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
(II) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable √ Not applicable
III. Other significant events
□ Applicable √ Not applicable
IV. Quarterly financial statements
（I）Financial statement
1. Consolidated balance sheet
Prepared by:：Hangzhou Steam Turbine Power Group Co., Ltd.
September 30,2022
In RMB
Items September 30,2022 January 1,2022
Current asset：
Monetary fund 1,600,120,382.72 1,622,883,247.79
Settlement provision
Outgoing call loan
Transactional financial assets 772,087,472.70 960,645,259.82
Derivative financial assets
Notes receivable 162,549,083.11 215,046,941.09
Account receivable 1,997,483,542.19 1,997,950,120.70
Financing receivable 814,717,258.31 816,653,211.21
Prepayments 515,339,049.12 443,770,434.91
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Other account receivable 40,071,112.51 44,163,396.56
Including：Interest receivable 148,110.82
Dividend receivable
Repurchasing of financial assets
Inventories 2,338,715,951.04 3,041,643,747.35
Contract assets 641,504,601.88 583,026,649.99
Assets held for sales
Non-current asset due within 1 year
Other current asset 7,687,279.33 66,174,951.42
Total of current assets 8,890,275,732.91 9,791,957,960.84
Non-current assets：
Loans and payment on other’s behalf disbursed
Creditor's Investment
Other Creditor's Investment
Long-term receivable 92,841,093.20 153,741,093.20
Long term share equity investment
Other equity instruments investment 3,874,221,685.50 3,485,440,140.92
Other non-current financial assets 15,614,773.22 14,792,533.96
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
Property investment 6,564,605.43 6,903,986.07
Fixed assets 1,910,945,993.68 1,658,423,191.83
Construction in progress 322,423,944.06 517,835,956.11
Production physical assets
Oil & gas assets
Use right assets 24,659,930.05 30,437,778.92
Intangible assets 274,025,685.43 277,469,707.24
Development expenses 23,544,630.71
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 377,806,218.52 382,665,279.67
Other non-current asset
Total of non-current assets 6,922,648,559.80 6,527,709,667.92
Total of assets 15,812,924,292.71 16,319,667,628.76
Current liabilities
Short-term loans 291,300,000.00 250,065,920.45
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 407,921,570.83 309,404,319.27
Account payable 1,546,265,212.10 1,910,150,188.14
Advance receipts 43,034.40 812,701.37
Contract liabilities 2,322,393,282.57 3,052,515,293.06
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
Entrusted selling of securities
Employees’ wage payable 116,051,047.27 133,122,509.92
Tax payable 54,868,955.51 81,622,378.10
Other account payable 290,633,034.26 434,578,338.13
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 12,551,953.25 17,607,722.97
Other current liability 300,693,733.45 395,640,629.47
Total of current liability 5,342,721,823.64 6,585,520,000.88
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 185,805,333.33 180,830,007.55
Bond payable
Including：preferred stock
Sustainable debt
Lease liability 20,965,089.44 22,575,754.77
Long-term payable 12,561,798.64 7,579,677.56
Long-term remuneration payable to staff
Expected liabilities
Deferred income 703,877,401.95 729,438,751.74
Deferred income tax liability 522,490,146.82 464,172,915.14
Other non-current liabilities
Total non-current liabilities 1,445,699,770.18 1,404,597,106.76
Total of liability 6,788,421,593.82 7,990,117,107.64
Owners’ equity
Share capital 980,179,980.00 754,010,400.00
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 324,772,127.29 282,946,030.50
Less：Shares in stock 144,078,948.09 144,078,948.09
Other comprehensive income 2,960,271,673.68 2,629,477,756.99
Special reserve 17,718,445.92 18,369,033.52
Surplus reserves 625,178,089.82 625,178,089.82
Common risk provision
Retained profit 3,662,115,526.24 3,761,583,410.91
Total of owner’s equity belong to the parent company 8,426,156,894.86 7,927,485,773.65
Minority shareholders’ equity 598,345,804.03 402,064,747.47
Total of owners’ equity 9,024,502,698.89 8,329,550,521.12
Total of liabilities and owners’ equity 15,812,924,292.71 16,319,667,628.76
Legal Representative: Zheng Bin
Person in charge of accounting：Zhao Jiamao
Accounting Dept Leader: Jin Can
2. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Items Amount in this period Amount in last period
I. Turnover 4,280,073,070.25 4,279,413,160.47
Including：Operating income 4,280,073,070.25 4,279,413,160.47
Interest income
Insurance fee earned
Commission charge and commission income
II. Total operating costs 3,912,108,993.85 3,927,678,552.13
Including ：Operating costs 3,085,529,193.43 2,987,041,711.99
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Appropriation of deposit for duty, net
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 14,403,727.96 28,634,628.60
Sales expense 125,538,455.52 127,611,118.56
Administrative expense 526,444,000.16 514,080,823.90
R & D expense 195,605,314.43 274,024,213.51
Financial expenses -35,411,697.65 -3,713,944.43
Including：Interest expense 20,382,889.46 19,974,104.47
Interest income 14,786,623.93 13,491,499.14
Add：Other income 43,254,619.27 127,992,622.26
Investment gain（“-”for loss） 127,857,624.09 163,889,158.49
Including: investment gains from affiliates
Financial assets measured at amortized cost cease to be
recognized as income
Gains from currency exchange
Net exposure hedging income
Changing income of fair value 402,212.88 -719,371.14
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
Credit impairment loss -1,211,899.19 7,805,194.34
Impairment loss of assets -1,384,104.99 -39,584,630.95
Assets disposal income -22,652.17 60,755.02
III. Operating profit（“-”for loss） 536,859,876.29 611,178,336.36
Add ：Non-operating income 45,722,943.12 128,047,121.56
Less: Non-operating expense 4,498,465.53 83,279,119.74
IV. Total profit(“-”for loss) 578,084,353.88 655,946,338.18
Less：Income tax expenses 76,045,433.74 102,307,394.34
V. Net profit 502,038,920.14 553,638,943.84
(I) Classification by business continuity
1.Net continuing operating profit 502,038,920.14 553,638,943.84
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of parent company 428,261,135.32 501,257,866.98
2.Minority shareholders’ equity 73,777,784.82 52,381,076.86
VI. Net after-tax of other comprehensive income 331,468,541.19 2,930,308.14
Net of profit of other comprehensive income attributable to owners 330,793,916.69 2,574,664.05
of the parent company.
（I）Other comprehensive income items that will not be
330,464,312.90 2,310,939.26
reclassified into gains/losses in the subsequent accounting period
1.Re-
measurement of defined benefit plans of changes in net debt or net
assets
2.Other comprehensive income under the equity method investee c
an not be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity
330,464,312.90 2,310,939.26
instruments
4. Changes in the fair value of the company’s credit risks
5.Other
(II)Other comprehensive income that will be reclassified into profit 329,603.79 263,724.79
or loss
1.Other comprehensive income under the equity method investee c
an be reclassified into profit or loss.
2. Changes in the fair value of investments in other debt
obligations
3. Other comprehensive income arising from the reclassification of
financial assets
4.Allowance for credit impairments in investments in other debt
obligations
5. Reserve for cash flow hedges
6.Translation differences in currency financial statements 329,603.79 263,724.79
7.Other
Net of profit of other comprehensive income attributable to Minori
674,624.50 355,644.09
ty shareholders’ equity
VII. Total comprehensive income 833,507,461.33 556,569,251.98
Total comprehensive income attributable to the owner of the parent
759,055,052.01 503,832,531.03
company
Total comprehensive income attributable minority shareholders 74,452,409.32 52,736,720.95
VIII. Earnings per share
（I）Basic earnings per share 0.45 0.52
(II)Diluted earnings per share 0.45 0.52
The current business combination under common control, the net profits of the combined party before achieved
net profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal Representative: Zheng Bin
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
Person in charge of accounting：Zhao Jiamao
Accounting Dept Leader: Jin Can
3. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 3,025,009,927.91 3,707,225,365.98
Net increase of customer deposits and capital kept for brother
company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Cash received from interest, commission charge and
commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Net cash received by agent in securities trading
Tax returned 31,614,478.86 9,579,636.42
Other cash received from business operation 62,047,474.60 43,699,753.21
Sub-total of cash inflow 3,118,671,881.37 3,760,504,755.61
Cash paid for purchasing of merchandise and services 1,886,877,117.61 2,410,815,017.76
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Net increase for Outgoing call loan
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 738,281,975.35 740,645,283.12
Taxes paid 231,543,286.34 495,422,443.98
Other cash paid for business activities 177,778,042.01 226,845,707.80
Sub-total of cash outflow from business activities 3,034,480,421.31 3,873,728,452.66
Net cash generated from /used in operating activities 84,191,460.06 -113,223,697.05
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 127,873,976.18 214,344,700.50
Net cash retrieved from disposal of fixed assets, intangible assets,
64,606.90 1,976,586.36
and other long-term assets
Net cash received from disposal of subsidiaries or other
operational units
Other investment-related cash received 1,820,000,000.00 3,836,372,098.28
Sub-total of cash inflow due to investment activities 1,947,938,583.08 4,052,693,385.14
Cash paid for construction of fixed assets, intangible assets and
140,289,986.61 176,490,062.65
other long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Other cash paid for investment activities 1,632,000,000.00 3,788,572,000.00
Sub-total of cash outflow due to investment activities 1,772,289,986.61 3,965,062,062.65
Net cash flow generated by investment 175,648,596.47 87,631,322.49
III.Cash flow generated by financing
Cash received as investment 166,906,400.00 560,000.00
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2022
Including: Cash received as investment from minor shareholders
Cash received as loans 234,300,000.00 187,800,000.00
Other financing –related cash received 102,514,926.39
Sub-total of cash inflow from financing activities 401,206,400.00 290,874,926.39
Cash to repay debts 187,300,000.00 191,000,000.00
Cash paid as dividend, profit, or interests 363,934,911.47 282,719,482.57
Including: Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 147,307,085.81 186,810,172.54
Sub-total of cash outflow due to financing activities 698,541,997.28 660,529,655.11
Net cash flow generated by financing -297,335,597.28 -369,654,728.72
IV. Influence of exchange rate alternation on cash and cash
30,241,961.35 -2,293,367.71
equivalents
V.Net increase of cash and cash equivalents -7,253,579.40 -397,540,470.99
Add: balance of cash and cash equivalents at the beginning of term 1,467,538,968.07 1,850,354,648.10
VI ..Balance of cash and cash equivalents at the end of term 1,460,285,388.67 1,452,814,177.11
Legal Representative: Zheng Bin
Person in charge of accounting：Zhao Jiamao
Accounting Dept Leader: Jin Can
（II）Auditor’ report
Is the Third Quarterly Report be audited?
□ Yes √No
The Third Quarterly report is not audited.
The Board of Directors of Hangzhou Steam Turbine Power Group Co., Ltd.
October 28, 2022
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