Hangzhou Steam Turbine Co., Ltd.
2018 Performance Forecast
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 orsignificant omission carried in this announcement.
I. Prediction of business performance of the current term
1. Period of the prospect: January 1,2018 – December 31, 20182. Performance predicted: Increase compared with last period
| Items | This report term | Same period last year |
| Net profit attributable to the shareholders of the listed company | Earnings：320 million yuan–390 million yuan | Earnings：68.75 million |
| Increase over the same period of last year：365.45%—467.27% | ||
| Basic earnings per share | Earnings：About 0.42 yuan—0.52 yuan | Earnings：0.09 yuan |
II. Pre-audit of estimated earningsThe estimated earnings have not been pre-audited by certified public accountants.
III. Reason for change of earnings
Statement of the board about significant change in business performances: The net profitattributable to shareholders of listed companies larger increased year-on-year, mainly due to theincrease in sales revenue from the delivery of units during the year, and the company's profitsincreased accordingly.IV. Other relevant explanationThe above forecast is a primary calculating of the Company’s accounting department. For actualdata please catch up with the annual report 2018 which will be released later.
Shanghai Securities Daily, Securities Times, Hong Kong Commercial Daily andwww.cninfo.com.cn are the official presses of the Company for information disclosure.This announcement is hereby made.
The Board of Directors of Hangzhou Steam Turbine Co., Ltd.January 23, 2019