Nanjing Putian Telecommunications Co., Ltd. Summary of Semi-Annual Report 2018 Stock Code: 200468 Short Form of the Stock: NJTEL-B Notice No.: 2018-056 Nanjing Putian Telecommunications Co., Ltd.
Summary of Semi-Annual Report 2018
I. Important Notice
The summary is abstract from full-text of annual report, for more details of operating results, financial condition and future development plan of the Company; investors should found in the full-text of annual report that published on media appointed by CSRC.
Objection statement of directors, supervisors and senior executives
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|Name|Position|Content and reason|

Statement
Other directors attending the Meeting for annual report deliberation except for the followed
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|-|-|-|-|
|Name of director absent|Title for absent director|Reasons for absent|Attorney|

Prompt of non-standard audit opinion
□ Applicable√ Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting period
□ Applicable√ Not applicable
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve.
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable√ Not applicable
II. Basic information of the company
1. Company profile
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|-|-|-|-|-|
|Short form of the stock|NJ TEL- B|Stock code||200468|
|Stock exchange for listing|Shenzhen Stock Exchange||||
|Person/Way to contact|Secretary of the Board||Rep. of security affairs||
|Name|Li Jing||Xiao Hong||
||No. 1 Putian Road, Qinhuai District Nanjing,Jiangsu Province||No. 1 Putian Road, Qinhuai District Nanjing,Jiangsu Province||
|Office add.|||||
|Tel.|86-25-58962308||86-25-58962072||
|E-mail|lijing@postel.com.cn||xiaohong@postel.com.cn||

2. Main accounting data and Changes of shareholders
Whether it has retroactive adjustment or re-statement on previous accounting data
Nanjing Putian Telecommunications Co., Ltd. Summary of Semi-Annual Report 2018√ Yes□ No
Reasons of retroactive adjustment or re-statement
Accounting errors correction
||||||
|-|-|-|-|-|
|||||Increase/decrease in|
|||Same period of last year|||
|||||this report y-o-y|
||Current period||||
|||Before the|||
||||After the adjustment|After the adjustment|
|||adjustment|||
|Operating revenue (RMB)|966,850,604.95|1,012,396,407.39|1,012,396,407.39|-4.50%|
|Net profit attributable to shareholders of|-10,421,705.60||-13,246,723.63||
|||-13,246,723.63||21.33%|
|the listed Company (RMB)|||||
|Net profit attributable to shareholders of|||||
|the listed Company after deducting|-43,592,615.47|-14,283,773.58|-14,283,773.58|-205.19%|
|non-recurring gains and losses (RMB)|||||
|Net cash flow arising from operating|-225,275,228.93||-136,164,593.81||
|||-136,164,593.81||-65.44%|
|activities (RMB)|||||
|Basic earnings per share (RMB/Share)|-0.05|-0.06|-0.06|16.67%|
|Diluted earnings per share (RMB/Share)|-0.05|-0.06|-0.06|16.67%|
|Weighted average ROE|-3.02%|-3.98%|-3.98%|0.96%|
|||||Increase/decrease in|
|||||this report-end over|
|||End of last period|||
|||||that of last|
||End of current period||||
|||||period-end|
|||Before the|||
||||After the adjustment|After the adjustment|
|||adjustment|||
|Total assets (RMB)|2,110,657,325.69|2,116,312,318.51|2,114,332,229.50|-0.17%|
|Net assets attributable to shareholder of|339,704,730.63||350,248,482.53||
|||352,228,571.54||-3.01%|
|listed Company (RMB)|||||

Reasons of accounting policy change and accounting error correction
According to the relevant requirements addressed by the Jiangsu Securities Regulatory Bureau in the Decision Relating to Issue of Warning Letter to Nanjing Potevio Communication Co., Ltd. on 10 July 2018, the Company made correction to the accounting errors for the financial statements for the years 2014 to 2017 under retrospective restatement method as discussed and approved at the 10th meeting of the 7th session of the board of the Company held on 13 July 2018. For details, please refer to the Announcement dated 14 July 2018 relating to correction of prior accounting errors and the announcement dated 1 August 2018 relating to correction of the annual report for 2017.
3. Number of shares and shares held
In Share
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||||Total preference shareholders|||
|Total common shareholders at||||||with voting rights recovered|||
||||8,326||||0||
|period-end||||||at end of reporting period (if|||
|||||||applicable)|||
|To ten shareholders|||||||||
||||||||Number of share||
||Nature of|Proportion of||Number of|Number of non-circulation stock||||
|Shareholders|||||||pledged/frozen||
||shareholder|shares held||shares held|held||State of share|Amount|
|China PotevioCompanyLimited|State-ownedcorporation|53.49%||115,000,000|115,000,000||||
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED|Foreigncorporation|4.46%||9,596,527|0||||
|ShenwanHongYuan|Foreign|4.46%||9,587,925|0||||

Nanjing Putian Telecommunications Co., Ltd. Summary of Semi-Annual Report 2018
||||||
|-|-|-|-|-|
|(H.K.) Limited|corporation||||
|Zhang Huaian|Domesticnature person|1.31%|2,807,000|0|
|Zheng Enyue|Domesticnature person|1.12%|2,405,739|0|
|Sun Huiming|Domesticnature person|0.93%|2,007,110|0|
|GuosenSecurities(H.K.) BrokerCo., Ltd.|Foreigncorporation|0.87%|1,861,882|0|
|Gu Jinhua|Domesticnature person|0.83%|1,783,771|0|
|BOCISECURITIESLIMITED|Foreigncorporation|0.80%|1,716,945|0|
|LI SHERYNZHAN MING|Foreign natureperson|0.53%|1,145,000|0|
|Explanation on associated||Among the top ten shareholders, China Potevio Company Limited is neither a related party nor a|||
|relationship among the aforesaid||person acting in concert with the others. It’s unknown by the Company whether there are related|||
|shareholders||parties or persons acting in concert among the other shareholders.|||
|Shareholders involving margin|||||
|||N/A|||
|business (if applicable)|||||

4. Changes of controlling shareholders or actual controller
Changes of controlling shareholders in reporting period
□ Applicable√ Not applicable
Controlling shareholder of the Company has no changed in the Period
Changes of actual controller in reporting period
□ Applicable√ Not applicable
Actual controller of the Company has no changed in the Period
5. Total preferred stock shareholders of the Company and shares held by top ten shareholders with preferred stock held
□ Applicable√ Not applicable
No preferred stock in reporting period.
6. Corporation Bonds
Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date when annual report approved for released or fail to cash in full on due
No
III. Discussion and Analysis of Operation
1. Operation in the period (brief)
Dose the Company need to comply with disclosure requirements of the special industry
No
Nanjing Putian Telecommunications Co., Ltd. Summary of Semi-Annual Report 2018 During the reporting period, the Company adhered to the general working policy of seeking for steady progress, deepened reform and innovation under the annual operating tasks, focused on improving quality and efficiency, promoted the steady development of traditional industries, and positively arranged development of new industries. In general, completion of the budget for the first half of the year was basically normal, industrial restructuring continued to advance, and the Company maintained an orderly production and operation. Maintain a healthy and orderly development trend. In the first half of 2018, the Company realized operating income of RMB967 million, with a decrease of4.50% compared with the same period of the previous year; net profit attributable to shareholders of listed company RMB(10,421,700) million, with a decrease of RMB(2.825) million in loss.
Y-o-y changes of main financial data
In RMB
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|-|-|-|-|-|
||Current period|Same period of last year|Y-o-y increase/decrease|Reasons for changes|
|Operating revenue|966,850,604.95|1,012,396,407.39|-4.50%||
|Operating costs|824,358,695.32|854,596,490.18|-3.54%||
|Sales expenses|79,696,183.64|79,331,110.14|0.46%||
|Administration expenses|83,788,682.07|72,960,165.72|14.84%||
|Finance expenses|10,198,465.39|8,701,588.82|17.20%||
||1,646,117.70|3,203,411.84|-48.61%|Profit from subsidiary|
|Income tax expenses|||||
|||||declined on a y-o-y basis|
|R & D revenue|35,816,398.34|29,700,022.89|20.59%||
||-225,275,228.93|-136,164,593.81|-65.44%|Capital return in the|
|Net cash flow arising|||||
|||||period declined from a|
|from operating activities|||||
|||||year earlier|
||22,505,195.83|-24,348,894.33|192.43%|The Company and|
|||||subsidiary Bada|
|||||Communication received|
|Net cash flow arising||||a levy compensation in|
|from investment activities||||the period, thus the net|
|||||cash flow arising from|
|||||investment activities|
|||||increased|
|Net cash flow arising|49,041,298.97|-114,844,078.68|142.70%|Bank loans increased|
|from financing activities||||from a year earlier|
||-153,821,091.18|-275,380,802.71|44.14%|The cash flow from|
|Net increase of cash and||||investment and financing|
|cash equivalent||||activities increased on a|
|||||y-o-y basis in the period|
||407,793.10|-618,093.05|165.98%|Profit from joint-stock|
|Investment income||||enterprise increased on a|
|||||y-o-y basis|
||30,156,818.80|-663,364.82|4,646.04%|Part of the house from the|
|||||Company and subsidiary|
|||||Bada Communication are|
|||||collected by the|
|Assets disposal income|||||
|||||government in the period,|
|||||expropriation|
|||||compensation received in|
|||||the period|
||5,799,343.86|2,784,809.60|108.25%|The government grant|
|||||with routine activities|
|Other income||||concerned recognized in|
|||||the period increased on a|
|||||y-o-y basis|
|Operation profit|-3,522,499.41|-7,885,653.07|55.33%|Impact by relocation of|
|Total profit|-1,005,231.26|-5,382,365.36|81.32%|part of the operational|
|||||entities site and internal|
|Net profit|-2,651,348.96|-8,585,777.20|69.12%|revolution adjustment as|
|||||well as the R&D input,|
|Net profit attributable to|-10,421,705.60|-13,246,723.63|21.33%||
|||||the operation revenue has|
|the owner of the parent||||a y-o-y declined and|

Nanjing Putian Telecommunications Co., Ltd. Summary of Semi-Annual Report 2018
|||
|-|-|
|Company|period charge growth on a|
||y-o-y basis; the income of|
||assets disposal increased|
||due to the expropriation|
||compensation received in|
||the period|

2. Relevant items involving financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method compared with the financial report of last fiscal period
□ Applicable√ Not applicable
The Company had no particulars about the changes in aspect of accounting policy, estimates or calculation method in the reporting period.
(2) Major accounting errors within reporting period that needs retrospective restatement
√Applicable□ Not applicable
According to the relevant requirements addressed by the Jiangsu Securities Regulatory Bureau in the Decision Relating to Issue of Warning Letter to Nanjing Potevio Communication Co., Ltd. on 10 July 2018, the Company made correction to the accounting errors for the financial statements for the years 2014 to 2017 and the third quarter of 2017 under retrospective restatement method as discussed and approved at the 10th meeting of the 7th session of the board of the Company held on 13 July 2018. For details, please refer to the Announcement dated 14 July 2018 relating to correction of prior accounting errors.
(3) Particulars about the change of consolidation range compared with the financial report of last fiscal period
□ Applicable√ Not applicable
The Company had no change of consolidation range in reporting period.
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd. 28 August 2018