The Third Quarterly Report 2024
Stock Code：200771 Stock ID: Hangqilun B Announcement No.:2024-61
Hangzhou Steam Turbine Power Group Co., Ltd.
The Third Quarterly Report 2024
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
Increase/decrease from
Increase/decrease in the
year-begin to period-
period compared with Year-begin to period-
This period end compared with the
the same period of the end same period of the
previous year previous year
Operating income
（Yuan） 1,651,736,130.81 29.88% 4,263,399,907.77 9.49%
Net profit attributable
to the shareholders of
the listed company -1,884,498.53 -101.51% 189,615,065.32 -30.84%
（Yuan）
Net profit after
deducting of non-
recurring gain/loss
attributable to the -15,328,054.23 -116.35% 104,000,010.01 -47.70%
shareholders of listed
company（Yuan）
Cash flow generated by — — -360,487,848.58 -155.27%
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The Third Quarterly Report 2024
business operation, net
（Yuan）
Basic earning per
share(Yuan/Share) 0.00 -100.00% 0.16 -33.33%
Diluted gains per
share(Yuan/Share) 0.00 -100.00% 0.16 -33.33%
Weighted average
return on equity（%） -0.02% -1.59% 2.29% -1.09%
Increase/decrease at the period-end compared with
End of this period End of last period
the end of the previous year
Gross assets（Yuan） 17,087,890,090.42 15,927,680,116.23 7.28%
Net assets attributable
to the shareholders of
the listed company 8,454,896,979.22 7,899,275,900.66 7.03%
（Yuan）
（II)Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Item This period Notes
period -end
Non-current asset disposal gain/loss(including the write-
-1,015,916.63 -352,461.68
off part for which assets impairment provision is made)
Governmental Subsidy accounted as current gain/loss,
except for those subsidies at with amount or quantity
17,686,322.86 56,853,335.68
fixed by the national government and closely related to
the Company’s business operation.
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, transactional financial liabilities and financial 2,817,908.46 6,787,664.62
assets available for sale excluding the effective hedging
transaction in connection with the Company’s normal
business
Capital occupation charges on non-financial enterprises
that are recorded into current gains and losses 0.00 0.00
Gain/loss on entrusting others with investments or asset
management 0.00 0.00
Gain/loss from external entrusted loan 0.00 0.00
Reverse of the provision for impairment of accounts
0.00 6,000,000.00
receivable undergoing impairment test individually
Gains due to that the investment costs for the Company
to obtain subsidiaries, associates and joint ventures are
0.00 0.00
lower than the enjoyable fair value of the identifiable net
assets of the investees when making the investments
Net gain and loss of the subsidiary under the common
control and produced from enterprise consolidation from 0.00 0.00
the beginning of the period to the consolidation date
Gain/loss on non-monetary asset swap 0.00 0.00
Gains/losses of debt restructure 25,152.88 5,445,530.91
One-off costs incurred by the Company as a result of
discontinued operations, such as expenses for employee 0.00 0.00
arrangements
One-time effect on current profit or loss due to
0.00 0.00
adjustments in tax, accounting and other laws and
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The Third Quarterly Report 2024
regulations
Gain or loss on fair-value changes in investment property
of which subsequent measurement is carried out using 0.00 0.00
the fair value method
Income from transactions with distinctly unfair prices 0.00 0.00
Gain or loss on contingencies that are unrelated to the
0.00 0.00
Company's normal business operations
Income from charges on entrusted management 0.00 0.00
Operating income and expenses other than the aforesaid
-3,056,467.36 30,323,075.84
Item
Other gains and losses that meet the definition of
0.00
exceptional gain/loss
Less: Influenced amount of income tax 2,033,893.79 13,309,844.04
Amount of influence of minority interests（After tax） 979,550.72 6,132,246.02
Total 13,443,555.70 85,615,055.31 --
Details of other gains/losses Item that meets the definition of non-recurring gains/losses:
□ApplicableNot applicable
There are no other gains/losses Item that meet the definition of non-recurring gains/losses in the Company.
For the Company’s non-recurring gain/loss Item as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public -Non-recurring Gains and Losses and
its non-recurring gain/loss Item as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public -non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss Item recorgnized as recurring gain /loss/Item as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2024
(III) Particulars about changes in items of main accounting data and financial index and explanations of
reasons
√ Applicable □Not applicable
In RM B
YOY
Balance sheet items September 30,2024 January 1,2024 increase or Reason
decrease
M ainly due to the implementation of
the 2023 equity distribution, and the
payment of some projects received is
M onetary funds 1,991,957,806.76 2,797,401,012.50 -28.79% acceptance bills, and the overseas
procurement and tax payment are paid
by monetary funds in the current
period
M ainly due to the decrease in the
Transactional financial 184,850,839.08 568,887,484.10 -67.51% purchase of wealth management
assets
products
M ainly due to a decrease in advance
Prepayments 542,270,353.90 725,264,109.04 -25.23%
payments for gas turbines
M ainly due to the increase in customs
deposits for the import and
Other account receivable 53,865,146.04 43,018,211.13 25.21% maintenance of commodities and the
increase in export tax rebates
receivable
M ainly due to the increase in the
Inventories 3,146,713,453.73 2,429,496,037.81 29.52% inventory of gas turbines and steam
turbines
M ainly due to the increase in input tax
Other current assets 55,863,025.52 5,622,606.07 893.54% to be deducted and prepayment of
enterprise income tax.
M ainly due to the recovery of long-
term receivables of Tianjin Tiantie and
Long-term receivable - 14,779,983.03 -100.00%
Lu'an Fafeng Projects of New Energy
Company
M ainly due to the sale of part of the
Real estate investment 1,050,779.44 1,544,449.40 -31.96% investment real estate of Hangfa
Company
M ainly due to the Company's annual
output of 10 sets of gas turbine unit
projects, Anhui Casting and Forging
Company's annual output of 15,000
tons of steel castings and 40,000 tons
Construction in progress 703,465,219.76 298,071,246.03 136.01% of forging billet production line
projects, and Zhongneng Company's
energy-saving, carbon-reduction and
high-efficiency turbo machinery
intelligent manufacturing service
integration industrial base project
M ainly due to the realization of equity
transfer in the current period for the
Other non-current Assets - 63,688,181.60 -100.00% prepaid equity transfer payment of
machinery company at the end of the
previous year.
Other Equity instrument M ainly due to the change in the fair
3,833,440,404.60 2,721,470,812.06 40.86%
investment value of Bank of Hangzhou
M ainly due to a decrease in short-term
Short-term loans 344,930,512.40 504,428,866.04 -31.62%
bank loans
M ainly due to the increase in payment
Notes payable 692,930,273.79 481,424,952.96 43.93% for goods with bills in the current
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2024
period
M ainly due to the payment of various
Tax payable 29,664,349.63 91,797,224.07 -67.68% taxes and fees accrued at the end of the
previous year in the current period
M ainly due to the decrease in long-
Non-current liability due
17,330,206.34 80,815,769.12 -78.56% term bank loans maturing within one
within 1 year
year
M ainly due to the increase in tax of
Other current liability 378,216,983.21 310,507,152.94 21.81% contract liabilities during the current
period
M ainly due to the increase in long-
Long-term loans 467,348,991.11 222,819,841.07 109.74% term bank loans maturing for more
than one year
M ainly due to the increase in special
Long-term payable 22,088,585.03 12,195,896.78 81.11%
funding for talent cultivation
M ainly due to the increase in product
Expected liabilities 17,566,635.97 11,768,979.69 49.26%
quality guarantee deposit
M ainly due to the increase in deferred
Deferred income tax income tax liabilities caused by the
229,352,574.39 73,994,186.59 209.96%
liability rise in the price of Hangzhou Bank
shares held
M ainly due to the rental payment of
Lease liability 22,286,132.35 15,945,346.47 39.77% leased assets in the current period
Other comprehensive 2,926,113,409.91 1,980,939,256.24 47.71% M ainly due to the increase in the price
income of holding shares of Hangzhou Bank
YOY
Income statement items Current period Last period increase or Reason
decrease
M ainly due to the YOY increase in
Business tax and
24,540,752.50 11,995,352.30 104.59% property tax and land use tax payable
surcharge
in this period
M ainly due to the decrease in R&D
investment compared to the same
R & D costs 121,147,920.80 203,457,276.46 -40.46% period last year and the increase in
R&D expenses reversal after the R&D
units reported products.
M ainly due to the YOY increase in net
Financial expenses 1,021,443.26 -14,430,002.34 107.08% foreign exchange losses
M ainly due to the YOY increase in the
Impairment loss of assets -24,395,384.53 14,586,027.60 -267.25% provision for inventory depreciation
losses in the current period
M ainly due to the YOY increase in
Credit impairment loss -58,803,046.07 -36,415,626.10 -61.48% provision for bad debts of accounts
receivable in the current period
M ainly due to the reorganization of the
Investment income 152,678,564.98 116,608,588.69 30.93% dividend investment income of
Hangzhou Bank increased YOY
M ainly due to the increase in
confirmed income from relocation
Other income 75,746,541.48 57,915,397.17 30.79% compensation, government subsidies,
and input tax plus deduction income
M ainly due to the decrease in gross
Operational profit 178,200,197.42 299,613,937.46 -40.52% profit due to changes in the structure
of sales products
M ainly due to the YOY increase in
liquidated damages for the termination
Non-operational income 61,066,654.47 39,509,472.81 54.56%
of agreements between customers and
the Company
M ainly due to the YOY increase in the
Non-operating expense 35,366,649.54 3,363,342.46 951.54% expenditure of quality compensation
The reason for the change is the same
Total profit 203,900,202.35 335,760,067.81 -39.27% as "operating profit"
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2024
The reason for the change is the same
Net profit 171,784,676.99 296,744,863.23 -42.11%
as "operating profit"
Net of profit of other co The reason for the change is the same
mprehensive income attr as "operating profit"
189,615,065.32 274,158,181.04 -30.84%
ibutable to owners of the
parent company.
M ainly due to the decrease in profit or
M inority shareholders’
-17,830,388.33 22,586,682.19 -178.94% loss attributable to minority
equity
shareholders
YOY
Cash Flow Statement
Current period Last period increase or Reason
Items
decrease
M ainly due to the decrease in
Cash flow generated by monetary funds in the collection and
-360,487,848.58 652,190,382.77 -155.27% the increase in the receipt of bills;
business operation, net
Cash paid for the purchase of gas
turbines and other stocks increased
Net cash flow generated M ainly due to YOY decrease in net
81,616,458.12 -15,199,662.79 636.96% purchases of wealth management
by investment products
M ainly due to the increase in
Net cash flow generated dividends to external and the YOY
-519,190,197.83 -164,553,923.15 -215.51%
by Financing decrease in net cash flow from bank
loans
II. Shareholders Information
(I) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
In shares
Total number of common shareholders at Total preference shareholders with the voting power
10,841 0
the period-end recovered at the end of the reporting period(if any)
Shares held by the top 10 shareholders(Excludes shares lent through refinancing)
Pledging or freezing
Amount of
tradable
Properties Share
Shareholder name of proporti Quantity shares with Status of the
shareholder on % Quantity
shares
Conditional
held
State-owned Not
Hangzhou Turbine Holdings Co., Ltd. 58.70% 689,715,889 689,715,889 0
legal person applicable
Hangzhou Qitong Equity Investment Partnership State-owned Not
5.00% 58,810,799 58,810,799 0
（LP） legal person applicable
Foreign Not
China M erchants Securities(HK)Co., Ltd. 0.78% 9,202,309 0 0
applicable
legal person
Domestic
Not
Zhou Jie Natural 0.72% 8,422,500 0 0
applicable
person
GUOTAI JUNAN SECURITIES（HONG KONG） Foreign Not
0.71% 8,346,443 0 0
LIM ITED applicable
legal person
ISHARES CORE M SCI EM ERGING M ARKETS Foreign Not
0.57% 6,685,334 0 0
ETF applicable
legal person
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2024
VANGUARD TOTAL INTERNATIONAL STOCK Foreign Not
0.53% 6,209,011 0 0
INDEX FUND applicable
legal person
VANGUARD EM ERGING M ARKETS STOCK Foreign Not
0.45% 5,232,723 0 0
INDEX FUND applicable
legal person
Foreign Not
NORGES BANK 0.33% 3,922,665 0 0
applicable
legal person
Domestic
Not
Xia Zulin Natural 0.32% 3,810,000 0 0
applicable
person
Shares held by the Top 10 Shareholders of Non-restricted shares(Excluding shares lent through refinancing and Top management lock-in stock)
Number of the non-restricted Share type
Shareholders’ Names
shares held Share type Quantity
Foreign shares
China M erchants Securities(HK)Co., Ltd. 9,202,309 placed in domestic 9,202,309
exchange
Foreign shares
Zhou Jie 8,422,500 placed in domestic 8,422,500
exchange
Foreign shares
GUOTAI JUNAN SECURITIES（HONG KONG） LIM ITED 8,346,443 placed in domestic 8,346,443
exchange
Foreign shares
ISHARES CORE M SCI EM ERGING M ARKETS ETF 6,685,334 placed in domestic 6,685,334
exchange
Foreign shares
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 6,209,011 placed in domestic 6,209,011
exchange
Foreign shares
VANGUARD EM ERGING M ARKETS STOCK INDEX FUND 5,232,723 placed in domestic 5,232,723
exchange
Foreign shares
NORGES BANK 3,922,665 placed in domestic 3,922,665
exchange
Foreign shares
Xia Zulin 3,810,000 placed in domestic 3,810,000
exchange
Foreign shares
Gu Yang 2,860,043 placed in domestic 2,860,043
exchange
VFTC INSTITUTIONAL TOTAL INTERNATIONAL STOCK
2,725,464 Foreign shares 2,725,464
M ARKET INDEX TRUST II
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2024
placed in domestic
exchange
(1)It is unknown to the Company if there is any relationship among the top 10
common share holders without restriction. (2) Other Shareholders. is not an
Explanation on associated relationship or concerted action of
action-in-concert” party with any of other shareholders as described by the
the above shareholders
“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)
Information of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10
shareholders of unrestricted tradable shares participating in the lending of shares in securities lending and
borrowing business
□ Applicable √ Not applicable
The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared
with the previous period due to the securities lending/returning,
□ Applicable √ Not applicable
(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 Turbine Power Group Co., Ltd.
September 30,2024
In RMB
Item September 30,2024 January 1,2024
Current asset：
M onetary fund 1,991,957,806.76 2,798,168,129.50
Settlement provision
Outgoing call loan
Transactional financial assets 184,850,839.08 568,887,484.10
Derivative financial assets
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2024
Notes receivable 83,043,295.50 84,988,677.11
Account receivable 2,316,616,737.01 2,242,141,940.94
Financing receivable 913,071,899.89 756,873,166.56
Prepayments 542,270,353.90 725,264,109.04
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts receivable
Other account receivable 53,865,146.04 43,018,211.13
Including：Interest receivable
Dividend receivable
Repurchasing of financial assets
Inventories 3,146,713,453.73 2,429,496,037.81
Including：Data resources
Contract assets 843,947,911.48 640,386,559.53
Assets held for sales
Non-current asset due within 1 year
Other current asset 55,863,025.52 5,622,606.07
Total of current assets 10,132,200,468.91 10,294,846,921.79
Non-current assets：
Loans and payment on other’s behalf disbursed
Creditor's right investment
Other investment on bonds
Long-term receivable 14,779,983.03
Long term share equity investment
Other equity instruments investment 3,833,440,404.60 2,721,470,812.06
Other non-current financial assets 5,534,773.22 5,534,773.22
Property investment 1,050,779.44 1,544,449.40
Fixed assets 1,894,194,296.79 1,995,150,533.24
Construction in progress 703,465,219.76 298,071,246.03
Production physical assets
Oil & gas assets
Use right assets 30,369,721.02 34,274,571.45
Intangible assets 400,102,513.25 409,302,531.32
Including：Data resources
Development expenses
Including：Data resources
Goodwill 15,415,678.59 15,415,678.59
Long-germ expenses to be amortized 173,062.11
Deferred income tax asset 71,943,172.73 73,600,434.50
Other non-current asset 63,688,181.60
Total of non-current assets 6,955,689,621.51 5,632,833,194.44
Total of assets 17,087,890,090.42 15,927,680,116.23
Current liabilities
Short-term loans 344,930,512.40 504,428,866.04
Loan from Central Bank
Borrowing funds
Transactional financial liabilities
Derivative financial liabilities
Notes payable 692,930,273.79 481,424,952.96
Account payable 1,583,384,280.37 1,409,130,502.72
Advance receipts 261,912.17 29,998.47
Contract liabilities 2,922,831,425.21 2,753,211,717.09
Selling of repurchased financial assets
Deposit taking and interbank deposit
Entrusted trading of securities
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2024
Entrusted selling of securities
Employees’ wage payable 121,041,836.22 139,367,042.75
Tax payable 29,664,349.63 91,797,224.07
Other account payable 153,905,141.22 151,669,883.07
Including：Interest payable
Dividend payable
Fees and commissions payable
Reinsurance fee payable
Liabilities held for sales
Non-current liability due within 1 year 17,330,206.34 80,815,769.12
Other current liability 378,216,983.21 310,595,405.34
Total of current liability 6,244,496,920.56 5,922,471,361.63
Non-current liabilities：
Reserve fund for insurance contracts
Long-term loan 467,348,991.11 222,819,841.07
Bond payable
Including：preferred stock
Sustainable debt
Lease liability 22,286,132.35 15,945,346.47
Long-term payable 22,088,585.03 12,195,896.78
Long-term remuneration payable to staff
Expected liabilities 17,566,635.97 11,768,979.69
Deferred income 1,031,638,156.68 1,069,670,711.41
Deferred income tax liability 229,352,574.39 73,994,186.59
Other non-current liabilities 58,696,860.00 58,696,860.00
Total non-current liabilities 1,848,977,935.53 1,465,091,822.01
Total of liability 8,093,474,856.09 7,387,563,183.64
Owners’ equity
Share capital 1,175,009,597.00 1,175,444,400.00
Other equity instruments
Including：preferred stock
Sustainable debt
Capital reserves 389,488,061.60 399,213,704.44
Less：Shares in stock 71,647,077.35 86,290,288.75
Other comprehensive income 2,926,113,409.91 1,980,939,256.24
Special reserve 24,195,869.82 20,355,377.31
Surplus reserves 625,178,089.82 625,178,089.82
Common risk provision
Retained profit 3,386,559,028.42 3,784,435,361.60
Total of owner’s equity belong to the parent company 8,454,896,979.22 7,899,275,900.66
M inority shareholders’ equity 539,518,255.11 640,841,031.93
Total of owners’ equity 8,994,415,234.33 8,540,116,932.59
Total of liabilities and owners’ equity 17,087,890,090.42 15,927,680,116.23
Legal Representative: Ye Zhong
Person in charge of accounting：Zhao Jiamao
Person in charge of Accounting institute: Lv Lin
2. Consolidated Income statement between the beginning of the year and end of the report period
In RMB
Item Amount in this period Amount in last period
I. Turnover 4,263,399,907.77 3,893,956,516.47
Including：Operating income 4,263,399,907.77 3,893,956,516.47
Interest income
Insurance fee earned
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2024
Commission charge and commission income
II. Total operating costs 4,230,352,884.11 3,746,938,857.85
Including ：Operating costs 3,433,722,688.86 2,934,355,128.61
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 24,540,752.50 11,995,352.30
Sales expense 216,912,806.45 191,227,664.28
Administrative expense 433,007,272.24 420,333,438.54
R & D expense 121,147,920.80 203,457,276.46
Financial expenses 1,021,443.26 -14,430,002.34
Including：Interest expense 13,169,137.23 15,183,489.95
Interest income 25,292,991.46 31,720,510.74
Add：Other income 75,746,541.48 57,915,397.17
Investment gain（“-”for loss） 152,678,564.98 116,608,588.69
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 -597,723.61 -181,703.38
Credit impairment loss -58,803,046.07 -36,415,626.10
Impairment loss of assets -24,395,384.53 14,586,027.60
Assets disposal income 524,221.51 83,594.86
III. Operating profit（“-”for loss） 178,200,197.42 299,613,937.46
Add ：Non-operating income 61,066,654.47 39,509,472.81
Less: Non-operating expense 35,366,649.54 3,363,342.46
IV Total profit(“-”for loss) 203,900,202.35 335,760,067.81
Less：Income tax expenses 32,115,525.36 39,015,204.58
V Net profit 171,784,676.99 296,744,863.23
(I) Classification by business continuity
1.Net continuing operating profit 171,784,676.99 296,744,863.23
2.Termination of operating net profit
(II) Classification by ownership
1.Net profit attributable to the owners of parent company 189,615,065.32 274,158,181.04
2.M inority shareholders’ equity -17,830,388.33 22,586,682.19
VI. Net after-tax of other comprehensive income 945,174,153.67 -443,700,337.05
Net of profit of other comprehensive income attributable to owners of th 945,174,153.67 -443,700,337.05
e parent company.
（I）Other comprehensive income items that will not be reclassified
945,174,153.67 -443,700,337.05
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 can not
be reclassified into profit or loss.
3. Changes in the fair value of investments in other equity instruments 945,174,153.67 -443,700,337.05
4. Changes in the fair value of the company’s credit risks
5.Other
(II)Other comprehensive income that will be reclassified into profit or lo
ss
1.Other comprehensive income under the equity method investee can be
reclassified into profit or loss.
11
Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2024
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
7.Other
Net of profit of other comprehensive income attributable to M inority
shareholders’ equity
VII. Total comprehensive income 1,116,958,830.66 -146,955,473.82
Total comprehensive income attributable to the owner of the parent
company 1,134,789,218.99 -169,542,156.01
Total comprehensive income attributable minority shareholders -17,830,388.33 22,586,682.19
VIII. Earnings per share
（I）Basic earnings per share 0.16 0.24
(II)Diluted earnings per share 0.16 0.24
Legal Representative: Ye Zhong
Person in charge of accounting：Zhao Jiamao
Accounting Dept Leader: Lv Lin
3. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB
Item Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or rending of services 3,599,325,202.69 4,176,782,505.03
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 25,262,658.30 18,883,523.72
Other cash received from business operation 95,122,647.30 101,757,314.13
Sub-total of cash inflow 3,719,710,508.29 4,297,423,342.88
Cash paid for purchasing of merchandise and services 2,781,904,850.71 2,461,266,928.10
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 825,624,937.86 790,979,250.87
Taxes paid 271,430,142.03 147,802,885.66
Other cash paid for business activities 201,238,426.27 245,183,895.48
Sub-total of cash outflow from business activities 4,080,198,356.87 3,645,232,960.11
Net cash generated from /used in operating activities -360,487,848.58 652,190,382.77
II. Cash flow generated by investing
Cash received from investment retrieving
Cash received as investment gains 147,333,535.28 116,837,331.76
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Hangzhou Steam Turbine Power Group Co., Ltd. The Third Quarterly Report 2024
Net cash retrieved from disposal of fixed assets, intangible assets, and
other long-term assets 307,537.34 60,838,591.32
Net cash received from disposal of subsidiaries or other operational units
Other investment-related cash received 817,302,042.66 1,410,892,954.19
Sub-total of cash inflow due to investment activities 964,943,115.28 1,588,568,877.27
Cash paid for construction of fixed assets, intangible assets and other
long-term assets 449,195,799.84 199,731,585.69
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units 43,033,050.37
Other cash paid for investment activities 434,130,857.32 1,361,003,904.00
Sub-total of cash outflow due to investment activities 883,326,657.16 1,603,768,540.06
Net cash flow generated by investment 81,616,458.12 -15,199,662.79
III.Cash flow generated by financing
Cash received as investment 9,699,300.00 21,252,800.00
Including: Cash received as investment from minor shareholders
Cash received as loans 605,413,431.94 400,499,527.78
Other financing –related cash received
Sub-total of cash inflow from financing activities 615,112,731.94 421,752,327.78
Cash to repay debts 481,324,328.57 226,000,000.00
Cash paid as dividend, profit, or interests 645,175,340.00 351,391,704.58
Including: Dividend and profit paid by subsidiaries to minor
shareholders
Other cash paid for financing activities 7,803,261.20 8,914,546.35
Sub-total of cash outflow due to financing activities 1,134,302,929.77 586,306,250.93
Net cash flow generated by financing -519,190,197.83 -164,553,923.15
IV Influence of exchange rate alternation on cash and cash equivalents -2,282,134.14 7,514,698.92
V.Net increase of cash and cash equivalents -800,343,722.43 479,951,495.75
Add: balance of cash and cash equivalents at the beginning of term 2,661,616,581.02 1,805,028,401.76
VI .Balance of cash and cash equivalents at the end of term 1,861,272,858.59 2,284,979,897.51
Legal Representative: Ye Zhong
Person in charge of accounting：Zhao Jiamao
Accounting Dept Leader: Lv Lin
（ii）The Company started implementing the updated accounting standards commencing from 2024 and
adjusted the relevant items in the financial statements at the beginning of the very year involved in the
initial implementation of the said standards
□Applicable √Not applicable
(iii) Audit report
Whether the First quarterly report has been audited or not
□Yes √ No
The Third quarterly report of the Company has not been audited.
The Board of Directors of Hangzhou Turbine Power Group Co., Ltd.
October 29, 2024
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