Stock Code: 200468 Short Form of the Stock: NJ TEL B Notice No.: 2019-024
Nanjing Putian Telecommunications Co., Ltd.
Text of First Quarterly Report 2019
Section I. Important Notice
Board of Directors and the Supervisory Committee of Nanjing Putian Telecommunications Co., Ltd. (hereinafter referred to as 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.
All Directors are attended the Board Meeting for Quarterly Report deliberation. Wang Wenkui, Principal of the Company, Cao Xurong, person in charger of accounting works and Guan Xiaojian, person in charge of accounting organ (accounting principal) hereby confirm that the Financial Report of this Quarterly Report is authentic, accurate and complete.
Section II. Main financial data and changes of shareholders I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data
□ Yes√No
|||||
|-|-|-|-|
|||At the same period of last|Changes of this period over|
||At the reporting period|||
|||year|same period of last year|
|Operating income (RMB)|489,849,942.04|579,271,964.31|-15.44%|
|Net profit attributable to shareholders of|-36,835,612.35|-6,411,052.72||
||||-474.56%|
|the listed company (RMB)||||
|Net profit attributable to shareholders of||||
|the listed company after deducting|-37,608,907.37|-29,910,522.65|-25.74%|
|non-recurring gains and losses (RMB)||||
|Net cash flow arising from operating|-196,430,725.42|-181,745,941.41||
||||-8.08%|
|activities (RMB)||||
|Basic earnings per share (RMB/Share)|-0.171|-0.030|-470.00%|
|Diluted earnings per share (RMB/Share)|-0.171|-0.030|-470.00%|
|Weighted average ROE|-10.93%|-1.84%|-9.09%|
||||Changes of this period-end|
||At the end of the reporting|||
|||At the end of last year|over same period-end of last|
||period|||
||||year|
|Total assets (RMB)|1,830,688,487.09|2,120,744,292.41|-13.68%|
|Net assets attributable to shareholder of|318,454,065.69|355,289,728.24||
||||-10.37%|
|listed company (RMB)||||

Items of non-recurring gains and losses
√ Applicable□ Not applicable
In RMB
||||
|-|-|-|
||Amount from year-begin to||
|Item||Note|
||period-end||
|Gains/losses from the disposal of non-current asset (including the|||
||-338.00||
|write-off that accrued for impairment of assets)|||
|Governmental subsidy reckoned into current gains/losses (not|||
|including the subsidy enjoyed in quota or ration according to|||
||1,541,442.00||
|national standards, which are closely relevant to enterprise’s|||
|business)|||
|Other non-operating income and expenditure except for the|||
||-119,098.61||
|aforementioned items|||

||||
|-|-|-|
|Less: impact on income tax|2,183.31||
|Impact on minority shareholders’ equity (post-tax)|646,527.06||
|Total|773,295.02|--|

Concerning the extraordinary profit (gain)/loss defined byQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable√ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/loss inQ&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss
II. Total number of shareholders at the end of this report period and top ten shareholders 1. Total number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders
In shares
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Total preference shareholders|||||
|Total number of common||||with voting rights recovered at|||||
|||8,979|||||0||
|shareholders at the end of report|||||||||
|||||end of reporting period (if|||||
|period|||||||||
|||||applicable)|||||
|Top ten shareholders|||||||||
||||||Amount of|Number of share pledged/frozen|||
|Shareholder’s|Nature of|Proportion of|Amount of shares||||||
||||||restricted shares||||
|name|shareholder|shares held|held|||State of share||Amount|
||||||held||||
|China Potevio|State-ownedcorporation|53.49%|115,000,000||115,000,000||||
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED|Foreigncorporation|2.70%|5,815,277||0||||
|ShenwanHongyuanSecurities (HongKong) Co., LTD.|Foreigncorporation|2.46%|5,296,500||0||||
|Zheng Enyue|Domestic natureperson|1.14%|2,443,939||0||||
|Sun Huiming|Domestic natureperson|0.93%|2,007,110||0||||

||||||||
|-|-|-|-|-|-|-|
|Guosen Securities(H.K.) BrokerCo., Ltd.|Foreigncorporation|0.88%|1,901,882|0|||
|Gu Jinhua|Domestic natureperson|0.87%|1,862,371|0|||
|BOCISECURITIESLIMITED|Foreigncorporation|0.68%|1,466,945|0|||
|LI SHERYNZHAN MING|Foreign natureperson|0.51%|1,100,000|0|||
|Wang Xiaoyan|Domestic natureperson|0.51%|1,094,400|0|||
|The top ten circulation shareholders shareholdings|||||||
||||||Type of shares||
|Shareholder’s name||Amount of listed circulation shares held|||||
||||||Type|Amount|
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED||5,815,277|||Domestically||
||||||listed foreign|5,815,277|
||||||shares||
|Shenwan Hongyuan Securities(Hong Kong) Co., LTD.||5,296,500|||Domestically||
||||||listed foreign|5,296,500|
||||||shares||
|Zheng Enyue||2,443,939|||Domestically||
||||||listed foreign|2,443,939|
||||||shares||
|Sun Huiming||2,007,110|||Domestically||
||||||listed foreign|2,007,110|
||||||shares||
|Guosen Securities (H.K.) BrokerCo., Ltd.||1,901,882|||Domestically||
||||||listed foreign|1,901,882|
||||||shares||
|Gu Jinhua||1,862,371|||Domestically||
||||||listed foreign|1,862,371|
||||||shares||
|BOCI SECURITIES LIMITED||1,466,945|||Domestically||
||||||listed foreign|1,466,945|
||||||shares||
|LI SHERYN ZHAN MING||1,100,000|||Domestically||
||||||listed foreign|1,100,000|
||||||shares||

|||||
|-|-|-|-|
|Wang Xiaoyan|1,094,400|Domestically||
|||listed foreign|1,094,400|
|||shares||
|Jin Yunhua|950,162|Domestically||
|||listed foreign|950,162|
|||shares||
|Note of related relationship among|Among the top ten shareholders, China Potevio is neither a related party nor a person acting|||
|the above shareholders and|in concert with the others. It’s unknown by the Company whether there are related parties or|||
|concerted actors|persons acting in concert among the other shareholders.|||
|Explanation on top ten common||||
|shareholders involving margin|N/A|||
|business (if applicable)||||

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement dealing in reporting period
□ Yes√ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back agreement dealing in reporting period.
2. Total shareholders with preferred stock held and shares held by top ten shareholders with preferred stock held
□ Applicable√ Not applicable
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial index and explanations of reasons
√ Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
|Item|2019-3-31(RMB)|2018-12-31(RMB)|Amount of changes(RMB)|Changes ratio(%)||
||||||Reasons of great changes|
|Monetary fund|98,789,018.24|261,938,068.72|-163,149,050.48|-62.29%|Sales refund declined in the|
||||||period. Purchase fund paid|
||||||for raw materials increased|
|Advance payment|55,750,988.26|188,848,712.69|-133,097,724.43|-70.48%|Received invoice for the|
||||||purchase payment paid in|
||||||advance previous period,|
||||||which is written down the|
||||||advance payment in the|
||||||period|
|Other current assets|6,662,088.67|13,497,540.69|-6,835,452.02|-50.64%|The VAT to be deducted|
||||||for input tax decreased|
|Received in advance|24,300,312.34|259,545,648.66|-235,245,336.32|-90.64%|Pars of the products are|
||||||resulted a sales in the|
||||||period, which is written|
||||||down the receivables|
||||||received in advance|
|Taxes payable|8,089,799.22|17,230,159.02|-9,140,359.80|-53.05%|VAT payable at period-end|
||||||declined|
|Non-current liabilities|37,583,820.37|7,296,315.00|30,287,505.37|415.11%|Long-term account payable|
||||||increased due to the|
||||||after-sale rent-back|
||||||financing from fixed assets|
|Retained profit|-77,562,389.15|-40,726,776.80|-36,835,612.35|-90.45%|Losses in the period, and|
||||||the accumulated retained|
||||||profit decline|
||Jan-Mar 2019 (RMB)|Jan-Mar 2018 (RMB)|Amount of changes(RMB)|Changes ratio(%)||
||||||Reasons of great changes|
|Other income|2,711,267.75|4,150,745.06|-1,439,477.31|-34.68%|The government subsidy|
||||||reckoned into current|
||||||gain/loss declined from a|
||||||year earlier|
|Investment income|-706,666.36|-107,597.53|-599,068.83|-556.77%|The equity participation|

|||||||
|-|-|-|-|-|-|
||||||enterprise has an increased|
||||||in deficit on a y-o-y basis|
|Asset disposal income||-5,126,100.94|5,126,100.94|100.00%|At same period last year,|
||||||pars of the houses are been|
||||||levy and there is a loss|
||||||from disposal of fixed|
||||||assets from site relocation|
|Non business income|520,245.99|31,326,075.99|-30,805,830.00|-98.34%|At same period last year,|
||||||received a housing|
||||||compensation of 30 million|
||||||yuan|
|Total profit|-36,633,229.22|-3,282,546.99|-33,350,682.23|-1016.00%|Affected by the less|
|Net profit|-37,027,819.95|-3,306,273.76|-33,721,546.19|-1019.93%|demand for procurement|
|Net profit attributableto owners of parentcompany|-36,835,612.35|-6,411,052.72|-30,424,559.63|-474.56%|from telecom operators and|
||||||industry customers, as well|
||||||as internal industrial|
||||||structure adjustment, sales|
||||||scale declined from a year|
||||||earlier in the period, with|
||||||the soaring fixed assets|
||||||costs, net profit turns to|
||||||negative in the period; Loss|
||||||has major growth mainly|
||||||because at same period last|
||||||year, received major|
||||||amount of housing|
||||||compensation while no|
||||||such revenue occurred in|
||||||the period|
|Subtotal of cashinflow frominvestment activity|1,219,362.97|30,175,660.00|-28,956,297.03|-95.96%|At same period last year,|
||||||received major amount of|
||||||housing compensation|
|Net cash flow frominvestment activity|-3,254,371.31|26,716,607.25|-29,970,978.56|-112.18%|At same period last year,|
||||||received major amount of|
||||||housing compensation|
|Net increase in cashand cash equivalents|-148,489,524.14|-109,982,042.37|-38,507,481.77|-35.01%|Cash flow arising from|
||||||operation activity and|
||||||investment activity|
||||||declined on a y-o-y basis|

 II. Analysis and explanation of significant events and their influence and solutions
□ Applicable√ Not applicable
Implementation progress of shares buy-back
□ Applicable√ Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□ Applicable√ Not applicable
III. Commitments completed in Period and those without completed till end of the Period from actual controller, shareholders, related parties, purchaser and companies
□ Applicable√ Not applicable
The Company has no commitments completed in Period and those without completed till end of the Period from actual controller, shareholders, related parties, purchaser and companies.
IV. Forecast of operation performance from Jan.– June of 2019
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the warning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable√ Not applicable
V. Securities Investment
□ Applicable√ Not applicable
No security investment in Period.
VI. Derivative investment
□ Applicable√ Not applicable
No derivative investment in Period.
VII. Registration form for receiving research, communication and interview in the report period
□ Applicable√ Not applicable
No registration form for receiving research, communication or interview in the Period.
VIII. Guarantee outside against the regulation
□Applicable√Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
IX. Non-operational fund occupation from controlling shareholders and its related party□ Applicable√ Not applicable
The Company had no non-operational fund occupation form controlling shareholders and its related party in the period,
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd. 30 April 2019