2024-10-28-深交所-杭汽轮Ｂ_2024年第三季度报告_英文_13页_476kb

Company and Report Details: Hangzhou Steam Turbine Power Group Co., Ltd. released its unaudited third-quarter report for 2024 (Stock Code: 200771). The report, numbered 2024-61, acknowledges the Board of Directors and management's responsibility for the accuracy of its contents. The key summary highlights significant financial changes, including substantial decreases in net profit and cash flow.

Financial Highlights:

• Operating income for Q3 2024 was 1,651,736,130.81 yuan, showing a 29.88% increase compared to the same period in 2023. However, net profit attributable to shareholders declined sharply by 101.51%, from 189,615,065.32 yuan in Q3 2023 to -1,884,498.53 yuan in Q3 2024, indicating a profitable period turn to a net loss. Deferred tax liability increased due to rising tax obligations.
• Cash flow generated from operations was negative at -360,487,848.58 yuan, reflecting a 155.27% decrease from the comparable 2023 period. Assets and equity grew, with gross assets up 7.28% and net assets attributable to shareholders rising 7.03%.

Shareholders Information: The company has 10,841 common shareholders at the end of Q3 2024. Top shareholders include Hangzhou Turbine Holdings Co., Ltd. with 58.70% ownership, followed by other state-owned and foreign entities. Minority shareholders' equity decreased by 178.94% compared to the same period in 2023.

Quarterly Changes: Significant changes in balance sheet and income statement items were noted, primarily due to operational adjustments, fluctuations in receivables, inventory, and government subsidies. No major events or extraordinary gains were reported.

Report Status: The unaudited nature of the report, issued on October 29, 2024, means it reflects preliminary data without external verification.