Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2014 (Official Text) Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2014-41
Hangzhou Steam Turbine Co., Ltd.
The 3rd Quarterly Report 2014 (Official text) Chapter I Important Prompt
The Board of Directors 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.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Chairman Mr. Nie Zhonghai, Chief Financial Officer Pu Yangshuo, and the Chief of Accounting Department Ms. Jiang Rong hereby declare: the Financial Statement in the report is guaranteed to be truthful and complete.
Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2014 (Official Text) Chapter II. Financial Highlights and Change of Shareholders I. Main accounting data and indices
Are there any retrospective adjustment or restatement of financial information of previous year due to change of accounting policies or correcting of accounting errors?
No
||||||
|-|-|-|-|-|
||Ended this report||Changed at end of report period over end of||
|||End of prev. year|||
||term||previous period||
|Gross Assets (RMB)|7,567,407,579.21|7,645,648,806.43|-1.02%||
|Net asset attributable to|4,264,229,058.12|4,230,942,110.74|||
||||0.79%||
|owners of the PLC|||||
|||||The amount of from|
|||||beginning of year to|
||||From beginning of||
|||Increase/decrease||the end of report|
||This report term||year to the end of||
|||(%)||period over the|
||||report period||
|||||amount of same period|
|||||last year|
|Turnover (RMB)|706,544,529.11|-50.70%|2,449,907,171.38|-29.05%|
|Net profit attributable to|-12,209,753.03||183,965,097.98||
|shareholders of the listed||-105.27%||-60.41%|
|company (yuan)|||||
|Net profit attributable to the|||||
|shareholders of the listed|||||
|company and after deducting|-15,815,908.84|-106.83%|165,598,183.52|-63.33%|
|of non-recurring|||||
|gain/loss(RMB)|||||
|Net Cash flow generated by|||210,768,345.76||
||--|--||25.83%|
|business operation (RMB)|||||
|Basic earnings per share|-0.0162||0.244||
|||-105.28%||-60.40%|
|(Yuan/share)|||||
|Diluted earnings per share|-0.0162||0.244||
|||-105.28%||-60.40%|
|(Yuan/share)|||||
|Net income on asset,|||||
||-0.29%|-104.91%|4.31%|-62.84%|
|weighted|||||

Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2014 (Official Text) Non-recurring gain/loss items and amounts
In RMB Yuan
||||
|-|-|-|
||Amount from the||
|Items|beginning to the end|Remarks|
||of term||
|Gain/loss from disposal of non-current assets (includes the recovered part|||
||226,881.76||
|of asset impairment provision already provided)|||
|Gains and losses included in the current period of government subsidies,|||
|excluding those government grants which are closely related to normal|||
||4,508,789.53||
|business and in line with national policy , or in accordance with fixed|||
|standards or quantities|||
|Gain/loss from change of fair value of transactional asset and liabilities,|||
|and investment gains from disposal of transactional financial assets and|||
||13,329,640.61||
|liabilities and sellable financial assets, other than valid period value|||
|instruments related to the Company’s common businesses|||
|Other non-business income and expenditures other than the above|5,452,449.87||
|Less: Influenced amount of income tax|3,524,369.67||
|Influence on minority shareholders’ equity (after tax)|1,626,477.64||
|Total|18,366,914.46|--|

 None of non-recurring gain/loss items recognized as recurring gain/loss items as defined by the Information Disclosure Explanatory Announcement No.1– Non-recurring gain/loss in the report period.
Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2014 (Official Text) II. Total of shareholders and top-10 shareholders at end of period
1 Position of shareholders and top-10 holders at end of the report period In shares
|||||||||
|-|-|-|-|-|-|-|-|
|Total common shareholders at the end of||||||||
||754,010,400|||||||
|the report period||||||||
|Top 10 common share holders||||||||
|||||||Frozen or||
||||||Amount of|||
||Properties of|Share||Amount of||pledged||
|Name of the shareholder|||||unconditional shares|||
||shareholder|proportion %||shares||Status of||
||||||held||Amount|
|||||||shares||
|Hangzhou Steam Turbine Power GroupCo., Ltd.|State-ownedlegal person|63.64%||479,824,800|479,824,800|||
|NORGES BANK|Overseas legalperson|0.82%||6,148,775|0|||
|GIC PRIVATE LIMITED|Overseas legalperson|0.35%||2,665,330|0|||
|AUSTRALIANSUPER PTY LTD|Overseas legalperson|0.28%||2,108,321|0|||
|Xia Zulin|Domesticnatural person|0.27%||2,013,200|0|||
|BOCHK INVESTMENTFUNDS-BOCHK CHINA GOLDENDRAGON FUND|Overseas legalperson|0.27%||2,000,344|0|||
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|Overseas legalperson|0.25%||1,887,049|0|||
|Zhu Guanhong|Domesticnatural person|0.25%||1,882,540|0|||
|VANGUARD TOTALINTERNATIONAL STOCK INDEXFUND|Overseas legalperson|0.24%||1,839,436|0|||
|KGI ASIA LIMITED|Overseas legalperson|0.23%||1,765,389|0|||
|Top 10 Holders of Unrestricted Shares||||||||
||Number of||Category of shares|||||
|Name of the shareholder|unrestricted shares|||||||
||||Category of shares|||Amount||
||held|||||||
|NORGES BANK|6,148,775||Foreign shares placed in domestic exchange|||6,148,775||
|GIC PRIVATE LIMITED|2,665,330||Foreign shares placed in domestic exchange|||2,665,330||
|AUSTRALIANSUPER PTY LTD|2,108,321||Foreign shares placed in domestic exchange|||2,108,321||
|Xia Zulin|2,013,200||Foreign shares placed in domestic exchange|||2,013,200||
|BOCHK INVESTMENTFUNDS-BOCHK CHINA GOLDENDRAGON FUND|2,000,344|||||||
||||Foreign shares placed in domestic exchange|||2,000,344||
|GUOTAI JUNANSECURITIES(HONGKONG) LIMITED|1,887,049|||||||
||||Foreign shares placed in domestic exchange|||1,887,049||
|Zhu Guanhong|1,882,540||Foreign shares placed in domestic exchange|||1,882,540||
|VANGUARD TOTALINTERNATIONAL STOCK INDEXFUND|1,839,436|||||||
||||Foreign shares placed in domestic exchange|||1,839,436||
|KGI ASIA LIMITED|1,765,389||Foreign shares placed in domestic exchange|||1,765,389||
|Fu Shuying|1,276,180||Foreign shares placed in domestic exchange|||1,276,180||
||(1) There is not any relationship between Hangzhou Steam Turbine Group Power Group|||||||
||Co., Ltd. and other shareholders; (3) It is unknown whether there is any relationship|||||||
|Notes to relationship or “action in||||||||
||among the 10 unrestricted current-share holders. (3) None of HSTG or other shareholders|||||||
|concert” among the top ten shareholders.||||||||
||is acting-in-concert as described by Administration Rules of Information Disclosure on|||||||
||Change of Shareholding Position|||||||

No agreed repurchasing trade by shareholders in the report period
2. Total of shareholders and top-10 preferential shareholders at end of the report period: Not applicable
Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2014 (Official Text) Chapter III. Significant Issues
I. Particulars and causations of material change in major accounting items and indices
||||||
|-|-|-|-|-|
|Balance Sheet Items|End of term|Beginning of term|Scale ofchange|Remarks on the change|
|Monetary capital|448,104,748.45|883,141,568.17|-49.26%|Mainly returning of loans and change of financialinstruments|
|Notes receivable|607,303,635.55|921,474,660.68|-34.09%|Mainly due and transferring of notes|
|Other account receivable|45,923,077.08|31,299,637.50|46.72%|Mainly increase of custom deposits|
|Inventories|2,025,686,008.51|1,522,662,268.44|33.04%|Mainly increase of goods in stock at end of period|
|Other current asset|512,041,753.62|318,647,045.27|60.69%|Mainly increase of financial instruments|
|Intangible assets|307,687,077.78|225,562,108.26|36.41%|Mainly booking of land property by Steam TurbineHeavy Industry Co., one of the subsidiaries, in theperiod|
|Other non-current asset||66,500,000.00|-100.00%|Mainly transferring of land property under HeavyIndustry Co. to intangible assets|
|Short-term loans|216,900,000.00|376,900,000.00|-42.45%|Mainly returning of bank loans by the parent co.|
|Notes payable|92,257,335.70|168,751,198.95|-45.33%|Mainly decrease of notes issued by the subsidiaries inthe period|
|Tax payable|28,820,706.96|107,956,056.99|-73.30%|Mainly decrease of sales, and the VAT and incometax payable in the 4th quarter of last year was great|
|Income StatementItems|Current term|Same period oflast term|Scale ofchange|Remarks on the change|
|Operation cost|1,501,106,574.52|2,306,739,124.63|-34.93%|Mainly decrease of sales and reducing of costs byaccounting of R&D by the parent co.|
|Financial expenses|13,514,406.60|2,769,682.15|387.94%|Mainly increase of interest expenses and exchangegains by parent co.|
|Asset impairment loss|107,639,925.91|23,286,159.94|362.25%|Mainly change in account age structure and increaseof impairment provision drawn|
|Investment income|37,778,981.98|67,805,353.37|-44.28%|Mainly the great gains of Zhongneng Co. fromdisposal of equity investment in the Group PackagedCo. in the same period of last year|
|Non-operational income|12,838,708.67|5,263,886.21|143.90%|Mainly compensations gained for termination ofcontracts|
|Minor shareholders’equity|46,198,204.89|74,698,515.76|-38.15%|Mainly decrease of net profit of subsidiaries YoY, anddecreasing of shareholding by minority shareholdersof subsidiaries|
|Cash Flow StatementItems|Current term|Same period oflast term|Scale ofchange|Remarks on the change|
|Net cash flow generatedby investment|-239,012,783.71|50,314,770.97|-575.04%|Mainly decrease of cash received from purchasing offinancial instruments|
|Net increasing of cashand cash equivalents|-434,376,078.12|-307,872,522.20|-41.09%|Mainly decrease of net cash flow from investmentactivities|

Hangzhou Steam Turbine Co., Ltd. The 3rd Quarterly Report 2014 (Official Text) II. Position and impact of major issues and analysis of solutions:
Not applicable
III. There is no commitment issues by shareholders with5% or over of theCompany’s shares occurred in the report period or carried over from previous period.
IV. Prospect on the business performance of year 2014
Not applicable
V. Securities investment
No securities investment in the report period.
VI. Investment in derivate instruments
No derivate instrument investment in the report period.
VII. Reception of investigation, communication, or visiting in report period
No investigation, communication, or visiting occurred in report period.
Hangzhou Steam Turbine Co., Ltd.
Chairman of the Board: Nie Zhonghai
October 28, 2014