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2013 Interim Report of Wuhan Boiler Company Limited

1 Wuhan Boiler Company Limited

2013 Interim Report 2013-034 (Updated) September

2013 2013 Interim Report of Wuhan Boiler Company Limited

2 Section I Important Notes, Contents &

Definition The Board of Directors, the Board of Supervisors as well as all Board Directors, Supervisors and Senior Management of Wuhan Boiler Company Limited (hereinafter referred to as the Company ) hereby warrant that this Interim Report is authentic, accurate and complete without any misstatement, misleading statement or material omission and will take individual and joint and several liabilities for that.

. 1. Net profit attributable to shareholders of the Company was negative for both

2011 and

2012 and net assets as at the end of

2012 were negative. According to the Stock Listing Rules of Shenzhen Stock Exchange (2012 Revision), the stocks of the Company still adopted a delisting risk warning (*ST) after relisted since Feb. 8, 2013. 2. On Apr. 27, 2013, the Company disclosed

2012 Annual Report and

2013 Quarterly One Report. As audited by Zhonghuan Haihua Certified Public Accountants Co., Ltd., net profit attributable to shareholders of the Company was RMB -94,341,156.10 for 2012. A standard Auditor?s Report with unqualified opinion was issued by Zhonghuan Haihua Certified Public Accountants Co., Ltd. for the Company. For the first quarter of 2013, net profit attributable to shareholders of the Company was RMB -11,982,520.40. If the result of

2013 is loss with negative net assets, there will be a risk of listing suspension of the stock of the Company. 3. The Board of Directors of the Company hereby reminds investors that Securities Times, Ta Kung Pao and www.cninfo.com.cn are designated by the Company as information disclosure media and all information of the Company shall be subject to the disclosure of the Company on the said media. The Company will perform its duty of information disclosure in time in strict compliance with relevant laws and regulations. And investors are kindly reminded to invest rationally and pay attention to possible risks. All Board Directors attended the Board Meeting for reviewing this Report. The Company planned not to distribute cash dividends, or grant bonus shares, or transfer capital reserves into share capital. Mr. YEUNG Kwok Wei Richard, Company Principal, Mr. Chin Wee Hua, Accounting Principal, and Mr. Li Yihao, the Accounting Division?s Principal (Accounting Manager), hereby ensure that the Financial Report enclosed in this Interim Report is true, accurate and complete.

2013 Interim Report of Wuhan Boiler Company Limited

3 Contents

2013 Interim Report.1 Section I Important Notes, Contents &

Definition.2 Section II Company Profile.5 Section III Summary of Accounting Data and Financial Indexes

7 Section IV Report of the Board of Directors

9 Section V Significant Events

15 Section VI Changes in Shares and Particulars about Shareholders

24 Section VII Particulars about Directors, Supervisors and Senior Management

27 Section VIII Financial Report.28 Section IX Documents Available for Reference.104

2013 Interim Report of Wuhan Boiler Company Limited

4 Definition Term Refers to Definition CSRC Refers to China Securities Regulatory Commission Hubei CSRC Refers to Hubei Securities Regulatory Bureau under China Securities Regulatory Commission SZSE Refers to Shenzhen Stock Exchange The Company Law Refers to The Company Law of the People?s Republic of China The Securities Law Refers to The Securities Law of the People?s Republic of China The Stock Listing Rules Refers to The Stock Listing Rules of Shenzhen Stock Exchange (Revised in 2012) The Articles of Association Refers to The Articles of Association of Wuhan Boiler Company Limited Controlling shareholder Refers to Alstom (China) Investment Company Limited WBG Refers to Wuhan Boiler Group Co., Ltd Lanxiang Company Refers to Wuhan Lanxiang Energy &

Environmental Protection Technologies Inc. Alstom Refers to Alstom S.A. (a France-listed company) Alstom Holdings Refers to Alstom Holdings S.A. Company, the Company Refers to Wuhan Boiler Company Limited The cninfo website Refers to http://www.cninfo.com.cn Report period Refers to Jan. 1, 2013- Jun. 30,

2013 Yuan, Thousand Yuan, Million Yuan, Billion Yuan Refers to RMB Yuan, RMB Thousand Yuan, RMB Million Yuan, RMB Billion Yuan

2013 Interim Report of Wuhan Boiler Company Limited

5 Section II Company Profile I. Basic information of the Company Stock abbreviation *ST WuguoB Stock code

200770 Stock abbreviation after change (if any) Stock exchange listed with Shenzhen Stock Exchange Chinese name of the Company 武汉锅炉股份有限公司 Abbr. of the Chinese name of the Company (if any) 武锅股份 English name of the Company (if any) WUHAN BOILER COMPANY LIMITED Abbr. of the English name of the Company (if any) WBC Legal representative of the Company YEUNG Kwok Wei Richard II. Contact information Board Secretary Securities Affairs Representative Name Kevin Qin Xu Youlan Contact address No. 1, Liufangyuan Road, East Lake New Technology Development Zone, Wuhan, Hubei No. 1, Liufangyuan Road, East Lake New Technology Development Zone, Wuhan, Hubei Tel. (027)81994266 (027)81993700 Fax (027)81994273 (027)81993701 E-mail [email protected] [email protected] III. Other information 1. Contact information of the Company Did any change occur to the registered address, office address and the postal code, website address and email address of the Company during the report period? Applicable √ Inapplicable The registered address, office address and the postal code, website address and email address of the Company did not change during the report period. The said information can be found in

2012 Annual Report. 2. About information disclosure and where this report is placed Did any change occur to information disclosure media and where this report is placed during the report period? Applicable √ Inapplicable The newspapers designated by the Company for information disclosure, the website designated by CSRC for disclosing this Interim Report and the location where this Interim Report is placed did not change during the report period. The said information can be found in

2012 Annual Report.

2013 Interim Report of Wuhan Boiler Company Limited

6 3. Change of the registered information Did any change occur to the registered information during the report period? Applicable √ Inapplicable The registration date and place of the Company, its business license No., taxation registration No. and organizational code did not change during the report period. The said information can be found in the

2012 Annual Report. 4. Other relevant information Did any change occur to other relevant information during the report period? Applicable √ Inapplicable

2013 Interim Report of Wuhan Boiler Company Limited

7 Section III Summary of Accounting Data and Financial Indexes I. Major accounting data and financial indexes Does the Company adjust retrospectively or restate accounting data of previous years due to change of the accounting policy or correction of any accounting error? Yes √ No Unit: RMB Yuan Report period Same period of last year Year-on-year change(%) Operating revenues (RMB Yuan) 462,281,106.75 376,577,702.30 22.76% Net profit attributable to shareholders of the Company (RMB Yuan) -36,438,887.02 -24,383,589.49 -49.44% Net profit attributable to shareholders of the Company after deducting non-recurring gains and losses (RMB Yuan) -39,283,319.56 -25,794,427.78 -52.29% Net cash flows from operating activities (RMB Yuan) -249,198,005.65 27,329,130.34 -1,011.84% Basic EPS (RMB Yuan/share) -0.12 -0.08 -50% Diluted EPS (RMB Yuan/share) -0.12 -0.08 -50% As at the end of the report period As at the end of last year Year-on-year change(%) Total assets (RMB Yuan) 1,292,483,390.86 1,623,377,051.66 -20.38% Net assets attributable to shareholders of the Company (RMB Yuan) -1,279,658,424.99 -1,243,219,537.97 -2.93% II. Differences between accounting data under domestic and overseas accounting standards 1. Differences of net profit and net assets disclosed in financial reports prepared under international and Chinese accounting standards Unit: RMB Yuan Net profit attributable to shareholders of the Company Net assets attributable to shareholders of the Company Report period Same period of last year Closing amount Opening amount According to Chinese accounting standards -36,438,887.02 -24,383,589.49 -1,279,658,424.99 -1,243,219,537.97 Items and amounts adjusted according to international accounting standards 2. Differences of net profit and net assets disclosed in financial reports prepared under overseas and Chinese accounting standards Unit: RMB Yuan Net profit attributable to shareholders of the Company Net assets attributable to shareholders of the Company Report period Same period of last year Closing amount Opening amount According to Chinese accounting standards -36,438,887.02 -24,383,589.49 -1,279,658,424.99 -1,243,219,537.97 Items and amounts adjusted according to overseas accounting standards

2013 Interim Report of Wuhan Boiler Company Limited

8 3. Explain reasons for the differences between accounting data under domestic and overseas accounting standards Applicable √ Inapplicable III. Items and amounts of non-recurring gains and losses Unit: RMB Yuan Item Amount Explanation Gains/losses on the disposal of non-current assets........