[一季报]杭汽轮Ｂ(200771):2022年第一季度报告全文(英文）
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时间：2022年04月26日 15:53:34 中财网 |
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原标题:杭汽轮Ｂ:2022年第一季度报告全文(英文）
Stock Code：200771 Stock ID: Hangqilun B Announcement No.:2022-43
Hangzhou Steam Turbine Co., Ltd.
The First Quarter Report 2022
The Company and its directors hereby guarantee that the content of information disclosure is real, accurate, complete and free from any false record, misleading representation or material omissions.
Important notes
1.The Board of Directors and the Supervisory Committee of the Company and its directors, supervisors and senior
executives should guarantee the reality, accuracy and completion of the quarterly report, there are no any fictitious
statements, misleading statements or important omissions carried in this report, and shall take legal
responsibilities, individual and or joint.
2. Person in charge of the Company, Person in charge of accounting and person in charge of accounting organ
(accounting officer) hereby confirm that the financial information of this Quarterly Report is authentic, accurate
and complete.
3. The first quarterly report 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
| | This period | Same period of last year | | Changes of this
period over same
period of last year
（％） | | | | Before adjustment | After adjustment | After adjustment | | Operating revenue（Yuan） | 1,788,987,236.29 | 1,181,683,010.42 | 1,250,479,486.22 | 43.06% | | Net profit attributable to the shareholders
of the listed company（Yuan） | 184,043,460.08 | 161,578,759.88 | 128,410,233.92 | 43.32% | | Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of
listed company（Yuan） | 138,956,828.84 | 54,440,724.84 | 54,440,724.84 | 155.24% | | Net cash generated from /used in operating
activities（Yuan） | -124,850,206.32 | 157,547,348.48 | 133,76,407.99 | -193.82% | | Basic earning per share(Yuan/Share) | 0.25 | 0.22 | 0.17 | 47.06% | | Diluted gains per share(Yuan/Share) | 0.25 | 0.22 | 0.17 | 47.06% | | Weighted average return on equity
（%） | 2.25% | 1.92% | 1.52% | 0.73% | | | End of this period | End of last period | | Changes of this
period-end over
same period-end of
last year(%) | | | | Before adjustment | After adjustment | After adjustment | | Total assets（Yuan） | 16,074,299,760.82 | 16,319,667,628.76 | 16,319,667,628.76 | -1.50% | | Net assets attributable to the shareholders
of the listed company（Yuan） | 8,420,244,930.35 | 7,927,485,773.65 | 7,927,485,773.65 | 6.22% |
(II)Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
| Items | Current amount | Note | | Non-current asset disposal gain/loss(including the write-off part for which
assets impairment provision is made) | -3,768.85 | | | Tax refund, deduction and exemption that is examined and approved by
authority exceeding or has no official approval document. | 0.00 | | | Governmental Subsidy accounted as current gain/loss, except for those
subsidies at with amount or quantity fixed by the national government and
closely related to the Company’s business operation. | 3,471,802.66 | | | Capital occupation charges on non-financial enterprises that are recorded into
current gains and losses | 0.00 | | | Gains due to that the investment costs for the Company to obtain
subsidiaries, associates and joint ventures are lower than the enjoyable fair
value of the identifiable net assets of the investees when making the
investments | 0.00 | | | Gain/loss on non-monetary asset swap | 0.00 | | | Gain/loss on entrusting others with investments or asset management | 0.00 | | | Asset impairment provisions due acts of God such as natural disasters | 0.00 | | | Gains/losses of debt restructure | 0.00 | | | Reorganization expenses, such as expenditure for allocation of employees
and integration fee | 0.00 | | | Gains/losses exceeding the fair value arising from transactions with
obviously unfair prices | 0.00 | | | Net gain and loss of the subsidiary under the common control and produced
from enterprise consolidation from the beginning of the period to the
consolidation date | 0.00 | | | Gain and loss arising from contingent matters irrelevant with the Company’s
normal operation business | 0.00 | | | 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 assets available for sale
excluding the effective hedging transaction in connection with the
Company’s normal business | 12,424,103.43 | | | Reverse of the provision for impairment of accounts receivable undergoing
impairment test individually | 0.00 | | | Gain/loss from external entrusted loan | 0.00 | | | Gain and loss arising from change in the fair value of the investment based
real estate measure afterwards by means of fair value model | 0.00 | | | Influence upon the current gains and losses from the once-and –for –all
adjustment over the current gains and losses according to the taxation and
accounting laws and regulations | 0.00 | | | Income from custodian charge obtained from entrusted operation | 0.00 | | | Operating income and expenses other than the aforesaid items | 37,777,585.65 | Mainly due to contract termination
of liquidated damages income | | Less: Influenced amount of income tax | 7,873,995.92 | | | Amount of influence of minority interests（After tax） | 709,095.73 | | | Total | 45,086,631.24 | -- |
Details of other gains/losses items that meets the definition of non-recurring gains/losses: □ Applicable √ Not applicable
There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.
Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss in
Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public ---
Extraordinary Profit/loss
□ Applicable √ Not applicable
There are no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss
in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public ---
Extraordinary Profit/loss.
(III)Particulars about material changes in items of main accounting statement and financial index and
explanations of reasons
√ Applicable □Not applicable
| Balance sheet
items | March 31,2022 | December 31,2021 | Year-on-year increase or
decrease | Reason | | Other current
assets | 12,282,671.80 | 66,174,951.42 | -81.44% | Mainly due to after the merger of Steam Turbine
Heavy Industry Co., Ltd last year, the original
value-added tax credit that could not be deducted
was deducted in the current period. | | Development
expenses | 6,158,985.15 | 0.00 | | Mainly due to the expected capitalized gas turbine
development expenses incurred in the current
period. | | Employees’
wage payable | 66,458,358.00 | 133,122,509.92 | -50.08% | Mainly due to the year-end bonus accrued at the
end of the previous year was paid in the current
period. | | Tax payable | 52,298,356.66 | 81,622,378.10 | -35.93% | Mainly due to the value-added tax and income tax
balances payable at the end of the period
decreased compared with the beginning of the
period. | | Special payable | 10,381,765.74 | 7,249,677.56 | 43.20% | Mainly due to receive more than 4 million yuan of
Government subsidies in this period | | Income
statement items | Current period | Last period | Year-on-year increase or
decrease | Reason | | Business income | 1,788,987,236.29 | 1,250,479,486.22 | 43.06% | Mainly due to the increase in units delivered in
this period, including the delivery of 2 gas
turbines. | | Business costs | 1,268,556,153.69 | 867,218,040.52 | 46.28% | Mainly due to operating costs increased YOY
incurred by the increase in operating income. | | Business tax and
surcharge | 3,348,834.01 | 6,813,565.14 | -50.85% | Mainly due to the original heavy industry
value-added tax credit was offset in the current
period after the heavy industry was absorbed and
merged into the shares, resulting in a decrease in
the value-added tax paid in the current period, and | | | | | | a decrease in accrued taxes and surcharges. | | Financial
expenses | 5,313,707.09 | 3,066,720.40 | 73.27% | Mainly due to a net exchange loss in the current
period and there was a net exchange gain the same
period last year. | | Investment gain
（“-”for loss） | 12,491,713.99 | 2,590,048.97 | 382.31% | Mainly due to the increase in the wealth
management products with income recognized at
maturity in the current period compared with the
previous year. | | Other income | 3,751,924.89 | 10,058,629.52 | -62.70% | Mainly due to the relocation expenses recognized
in other income in the current period decreased
compared with the same period of last year; | | Non-operating
income | 39,983,542.00 | 118,072,268.36 | -66.14% | Mainly due to the received compensation of RMB
109 million paid by Sinosteel Equipment Co., Ltd
in the same period of the previous year. | | Non-operating
expenses | 2,486,602.85 | 1,342,295.64 | 85.25% | Mainly due to the increase in quality
compensation expenses in the current period. | | Income tax
expenses | 40,840,560.27 | 33,370,278.11 | 22.39% | Mainly due to the increase in the total sales profit
in the current period and the increase in the
provision of income tax. | | Cash flow
generated by
business
operation, net | -124,850,206.32 | 133,076,407.99 | -193.82% | Mainly due to the YOY decrease in the amount
collected in the current period and the increase in
cash paid for the purchase of gas turbines and
other stockpiles. | | Net cash flow
generated by
investment | 126,672,172.27 | -780,529,009.29 | 116.23% | Mainly due to the decrease in the net purchase of
wealth management, and there was RMB 688
million paid in cash to purchase the convertible
bonds in the same period last year paid. | | Net cash flow
generated by
Financing | -3,028,838.60 | -34,600,606.64 | 91.25% | Mainly due to the YOY increase in net 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 the
period-end | 11,106 | Total preference
shareholders with the
voting power recovered at
the end of the reporting
period(if any) | 0 | | | | | Shares held by the top 10 shareholders | | | | | | | | Shareholder name | Properties of
shareholder | Share
proportion % | Quantity | Amount of
tradable shares
with Conditional
held | Pledging or freezing | | | | | | | | Status of the
shares | Quantity | | Hangzhou Steam Turbine
Power Group Co., Ltd. | State-owned
legal person | 63.64% | 479,824,800 | 479,824,800 | | | | GUOTAI JUNAN
SECURITIES(HONGKONG)
LIMITED | Foreign legal
person | 0.91% | 6,828,085 | 0 | | | | China Merchants
Securities(HK)Co., Ltd. | State-owned
legal person | 0.72% | 5,453,675 | 0 | | | | Zhou Jie | Domestic
Natural person | 0.62% | 4,695,100 | 0 | | | | VANGUARD TOTAL
INTERNATIONAL STOCK
INDEX FUND | Foreign legal
person | 0.59% | 4,434,453 | 0 | | | | ISHARES CORE MSCI
EMERGING MARKETS
ETF | Foreign legal
person | 0.53% | 4,031,463 | 0 | | | | VANGUARD EMERGING
MARKETS STOCK INDEX
FUND | Foreign legal
person | 0.51% | 3,857,182 | 0 | | | | NORGES BANK | Foreign legal
person | 0.33% | 2,514,529 | 0 | | | | Xia Zulin | Domestic
Natural person | 0.32% | 2,381,200 | 0 | | | | Gu Yang | Domestic
Natural person | 0.21% | 1,568,324 | 0 | | | | Shares held by the Top 10 Shareholders of Non-restricted shares | | | | | | | | Shareholders’ Names | Number of the non-restricted
shares held | Share type | | | | | | | | Share type | Quantity | | | | | GUOTAI JUNAN
SECURITIES(HONGKONG) LIMITED | 6,828,085 | Foreign shares placed in
domestic exchange | 6,828,085 | | | | | China Merchants Securities(HK)Co., Ltd. | 5,453,675 | Foreign shares placed in
domestic exchange | 5,453,675 | | | | | Zhou Jie | 4,695,100 | Foreign shares placed in
domestic exchange | 4,695,100 | | | | | VANGUARD TOTAL INTERNATIONAL
STOCK INDEX FUND | 4,434,453 | Foreign shares placed in
domestic exchange | 4,434,453 | | | | | ISHARES CORE MSCI EMERGING
MARKETS ETF | 4,031,463 | Foreign shares placed in
domestic exchange | 4,031,463 | | | | | VANGUARD EMERGING MARKETS
STOCK INDEX FUND | 3,857,182 | Foreign shares placed in
domestic exchange | 3,857,182 | | | | | NORGES BANK | 2,514,529 | Foreign shares placed in
domestic exchange | 2,514,529 | | | | | Xia Zulin | 2,381,200 | Foreign shares placed in
domestic exchange | 2,381,200 | | | | | Gu Yang | 1,568,324 | Foreign shares placed in
domestic exchange | 1,568,324 | | | | | Wang Yihu | 1,539,966 | Foreign shares placed in | 1,539,966 | | | |
| | | domestic exchange | | | Explanation on associated relationship or
concerted action of the above shareholders | (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
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”. | | | | Note to the top 10 common stockholders
involved in margin financing & securities
lending (If any) | 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 Steam Turbine Co., Ltd.
In RMB
| Items | Ending balance | Opening balance | | Current asset： | | | | Monetary fund | 1,635,565,185.39 | 1,622,883,247.79 | | Settlement provision | | | | Outgoing call loan | | | | Transactional financial assets | 814,577,649.26 | 960,645,259.82 | | Derivative financial assets | | | | Notes receivable | 176,021,171.62 | 215,046,941.09 | | Account receivable | 2,247,391,167.66 | 1,997,950,120.70 | | Financing receivable | 697,446,924.10 | 816,653,211.21 | | Prepayments | 515,860,422.62 | 443,770,434.91 | | Insurance receivable | | | | Reinsurance receivable | | | | Provisions of Reinsurance contracts receivable | | | | Other account receivable | 50,531,334.59 | 44,163,396.56 | | Including：Interest receivable | | | | Dividend receivable | | | | Repurchasing of financial assets | | | | Inventories | 2,500,247,923.86 | 3,041,643,747.35 | | Contract assets | 657,370,581.13 | 583,026,649.99 | | Assets held for sales | | | | Non-current asset due within 1 year | | | | Other current asset | 12,282,671.80 | 66,174,951.42 | | Total of current assets | 9,307,295,032.03 | 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 | 139,941,093.20 | 153,741,093.20 | | Long term share equity investment | | | | Other equity instruments investment | 3,830,859,413.28 | 3,485,440,140.92 | | Other non-current financial assets | 14,654,773.22 | 14,792,533.96 | | Property investment | 6,696,335.10 | 6,903,986.07 | | Fixed assets | 1,630,779,659.02 | 1,658,423,191.83 | | Construction in progress | 442,394,798.76 | 517,835,956.11 | | Production physical assets | | | | Oil & gas assets | | | | Use right assets | 30,921,364.79 | 30,437,778.92 | | Intangible assets | 276,965,578.77 | 277,469,707.24 | | Development expenses | 6,158,985.15 | | | Goodwill | | | | Long-germ expenses to be amortized | | | | Deferred income tax asset | 387,632,727.50 | 382,665,279.67 | | Other non-current asset | | | | Total of non-current assets | 6,767,004,728.79 | 6,527,709,667.92 | | Total of assets | 16,074,299,760.82 | 16,319,667,628.76 | | Current liabilities | | | | Short-term loans | 249,800,000.00 | 250,065,920.45 | | Loan from Central Bank | | | | Borrowing funds | | | | Transactional financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | 288,205,243.72 | 309,404,319.27 | | Account payable | 1,657,896,218.13 | 1,910,150,188.14 | | Advance receipts | 812,701.37 | 812,701.37 | | Contract liabilities | 2,695,489,872.73 | 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 | 66,458,358.00 | 133,122,509.92 | | Tax payable | 52,298,356.66 | 81,622,378.10 | | Other account payable | 405,555,248.83 | 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 | 17,180,833.32 | 17,607,722.97 | | Other current liability | 347,718,193.58 | 395,640,629.47 | | Total of current liability | 5,781,415,026.34 | 6,585,520,000.88 | | Non-current liabilities： | | | | Reserve fund for insurance contracts | | | | Long-term loan | 180,804,135.55 | 180,830,007.55 | | Bond payable | | | | Including：preferred stock | | | | Sustainable debt | | | | Lease liability | 22,371,192.03 | 22,575,754.77 | | Long-term payable | 10,711,765.74 | 7,579,677.56 | | Long-term remuneration payable to staff | | | | Expected liabilities | | | | Deferred income | 727,017,103.32 | 729,438,751.74 | | Deferred income tax liability | 515,965,141.88 | 464,172,915.14 | | Other non-current liabilities | | | | Total non-current liabilities | 1,456,869,338.52 | 1,404,597,106.76 | | Total of liability | 7,238,284,364.86 | 7,990,117,107.64 | | Owners’ equity | | | | Share capital | 754,010,400.00 | 754,010,400.00 | | Other equity instruments | | | | Including：preferred stock | | | | Sustainable debt | | | | Capital reserves | 298,382,910.14 | 282,946,030.50 | | Less：Shares in stock | 144,078,948.09 | 144,078,948.09 | | Other comprehensive income | 2,922,967,041.87 | 2,629,477,756.99 | | Special reserve | 18,158,565.62 | 18,369,033.52 | | Surplus reserves | 625,178,089.82 | 625,178,089.82 | | Common risk provision | | | | Retained profit | 3,945,626,870.99 | 3,761,583,410.91 | | Total of owner’s equity belong to the parent company | 8,420,244,930.35 | 7,927,485,773.65 | | Minority shareholders’ equity | 415,770,465.61 | 402,064,747.47 | | Total of owners’ equity | 8,836,015,395.96 | 8,329,550,521.12 | | Total of liabilities and owners’ equity | 16,074,299,760.82 | 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
In RMB
| Items | Current period | Last period | | I. Income from the key business | 1,788,987,236.29 | 1,250,479,486.22 | | Incl：Business income | 1,788,987,236.29 | 1,250,479,486.22 | | Interest income | | | | Insurance fee earned | | | | Fee and commission received | | | | II. Total business cost | 1,544,630,767.37 | 1,147,179,097.27 | | Incl：Business cost | 1,268,556,153.69 | 867,218,040.52 | | Interest expense | | | | Fee and commission paid | | | | Insurance discharge payment | | | | Net claim amount paid | | | | Net amount of withdrawal of insurance contract reserve | | | | Insurance policy dividend paid | | | | Reinsurance expenses | | | | Business tax and surcharge | 3,348,834.01 | 6,813,565.14 | | Sales expense | 46,212,368.82 | 46,442,184.93 | | Administrative expense | 135,702,564.20 | 122,601,686.57 | | R & D costs | 85,497,139.56 | 101,036,899.71 | | Financial expenses | 5,313,707.09 | 3,066,720.40 | | Including：Interest expense | 7,205,885.86 | 7,819,939.68 | | Interest income | 3,962,049.43 | 2,706,822.08 | | Add: Other income | 3,751,924.89 | 10,058,629.52 | | Investment gain（“-”for loss） | 12,491,713.99 | 2,590,048.97 | | Incl: 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 | -67,610.56 | 29,579.62 | | Credit impairment loss | -75,474,967.16 | -70,213,126.20 | | Impairment loss of assets | 16,210,996.87 | 17,857,537.80 | | Assets disposal income | -3,244.58 | -42,944.94 | | III. Operational profit（“-”for loss） | 201,265,282.37 | 63,580,113.72 | | Add ：Non-operational income | 39,983,542.00 | 118,072,268.36 | | Less: Non-operating expense | 2,486,602.85 | 1,342,295.64 | | IV. Total profit(“-”for loss) | 238,762,221.52 | 180,310,086.44 | | Less：Income tax expenses | 40,840,560.27 | 33,370,278.11 | | V. Net profit | 197,921,661.25 | 146,939,808.33 | | (I) Classification by business continuity | | | | 1.Net continuing operating profit | 197,921,661.25 | 146,939,808.33 | | 2.Termination of operating net profit | | | | (II) Classification by ownership | | | | 1.Net profit attributable to the owners of parent company | 184,043,460.08 | 128,410,233.92 | | 2.Minority shareholders’ equity | 13,878,201.17 | 18,529,574.41 | | VI. Net after-tax of other comprehensive income | 293,489,284.88 | 455,255,032.45 | | Net of profit of other comprehensive income attributable to owners of the paren
t company. | 293,489,284.88 | 455,255,032.45 | | （I）Other comprehensive income items that will not be reclassified into
gains/losses in the subsequent accounting period | 293,489,284.88 | 455,255,032.45 | | 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 rec
lassified into profit or loss. | | | | 3. Changes in the fair value of investments in other equity instruments | 293,489,284.88 | 455,255,032.45 | | 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 loss. | | | | 1.Other comprehensive income under the equity method investee can be reclassi
fied 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 | | | | 7.Other | | | | Net of profit of other comprehensive income attributable to Minority
shareholders’ equity | | | | VII. Total comprehensive income | 491,410,946.13 | 602,194,840.78 | | Total comprehensive income attributable to the owner of the parent company | 477,532,744.96 | 583,665,266.37 | | Total comprehensive income attributable minority shareholders | 13,878,201.17 | 18,529,574.41 | | VIII. Earnings per share | | | | （I）Basic earnings per share | 0.25 | 0.17 | | (II)Diluted earnings per share | 0.25 | 0.17 |
The current business combination under common control, the net profits of the combined party before achieved ne（未完）
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