杭汽轮B(200771) - 2016年5月18日投资者关系现场活动记录表

Group 1: Company Reform and Business Model - The company's mixed ownership reform is currently suspended, but it is believed that transitioning the system can further stimulate corporate vitality for long-term development [1] - The domestic gas turbine technology is relatively weak, and national policies have been introduced to promote technological research and development. Gas turbines are seen as the development direction for high-end power equipment [1] Group 2: Strategic Partnerships and Market Development - The company is actively engaging in the gas turbine industry through independent research and market expansion, collaborating with Siemens to enhance engineering capabilities in natural gas power generation and jointly explore the distributed energy market [1] Group 3: Financial Performance and Cash Flow - The company's goal for this year is to turn losses into profits, with various measures being implemented to achieve this target [2] - The net cash flow from operating activities has increased compared to 2014, primarily due to a reduction in accounts receivable by approximately 100 million, an increase in advance payments by about 360 million, and an increase in accounts payable and notes payable by around 100 million. Taxes paid have decreased by 96 million year-on-year [2] Group 4: Employee Stock Ownership and Asset Management - Employee stock ownership in state-owned enterprises is still being explored and regulated at the national policy level, with specific implementation policies yet to be clarified [2] - The company assesses asset impairment losses based on its policies for accounts receivable and inventory impairment [2]