Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report Nanjing Putian Telecommunications Co., Ltd.
2017 Third Quarterly Report
October 2017
Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report Section I. Important Note
Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of Nanjing Putian Telecommunications Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are no any fictitious statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents.
All the directors are present the meeting of the Board for deliberating the Third Quarter Report of the Company in person.
Li Linzhen, person in charge of the Company, head of the accounting works Li Linzhen and Gao Wen, accounting body principals (accountant in charge) hereby confirms that the Financial Report of the Third Quarterly Report is authentic, accurate and complete.
Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report Section II Basic information of Company
I. Main accounting data and index
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes√No
||||||||
|-|-|-|-|-|-|-|
||Current period-end||Period-end of last year||Increase/decrease||
|Total assets (RMB)|2,810,980,871.88||2,304,519,167.54||21.98%||
|Net assets attributable to|340,177,305.19||339,838,415.21||||
|shareholders of listed company|||||0.10%||
|(RMB)|||||||
|||||||Increase/decrease in|
|||Increase/decrease in|||||
|||||From year-begin to||comparison with|
||Current period|comparison with same|||||
|||||end of the Period||year-begin to|
|||period of last year|||||
|||||||Period-end of last year|
|Operating revenue (RMB)|521,084,332.49|19.77%||1,533,480,739.88||20.76%|
|Net profit attributable to|13,585,613.61|||338,889.98|||
|shareholders of the listed company||1,240.75%||||101.52%|
|(RMB)|||||||
|Net profit attributable to|||||||
|shareholders of the listed company|||||||
||11,614,103.91|636.87%||-2,669,669.67||89.11%|
|after deducting non-recurring gains|||||||
|and losses (RMB)|||||||
|Net cash flow arising from||||-196,537,700.65|||
||--|--||||-90.84%|
|operating activities (RMB)|||||||
|Basic earnings per share|0.064|||0.002|||
|||1,166.67%||||101.92%|
|(RMB/Share)|||||||
|Diluted earnings per share|0.064|||0.002|||
|||1,166.67%||||101.92%|
|(RMB/Share)|||||||
|Weighted average ROE|4.08%|4.45%||0.10%||6.75%|

 Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
||||
|-|-|-|
||Amount from year-begin to||
|Item||Note|
||end of the Period||
|Gains/losses from the disposal of non-current asset (including thewrite-off that accrued for impairment of assets)|||
||-478,112.83||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Governmental subsidy reckoned into current gains/losses (not|||
|including the subsidy enjoyed in quota or ration according to|||
||1,870,225.30||
|national standards, which are closely relevant to enterprise’s|||
|business)|||
|Other non-operating income and expenditure except for the|||
||2,369,644.50||
|aforementioned items|||
|Less: impact on income tax|55,419.25||
|Impact on minority shareholders’ equity (post-tax)|697,778.07||
|Total|3,008,559.65|--|

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. Statement of the total shareholders and shares-held of top ten shareholders at end of the Period
1. Number of common shareholders and preference shareholders with voting rights recovered and top ten common shareholders
In Share
||||||||||
|-|-|-|-|-|-|-|-|-|
|||||Total preference shareholders|||||
|Total number of common||||with voting rights recovered at|||||
|||8,326|||||0||
|shareholders at the end of report|||||||||
|||||end of reporting period (if|||||
|period|||||||||
|||||applicable)|||||
|Top ten shareholders|||||||||
||||||Amount of|Number of share pledged/frozen|||
||Nature of|Proportion of|Amount of shares||||||
|Shareholders|||||non-tradable||||
||shareholder|shares held|held|||State of share||Amount|
||||||shares held||||
|China PotevioCompanyLimited|State-ownedcorporate|53.49%|115,000,000||115,000,000||||
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED|Overseascorporate|4.46%|9,596,527||0||||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||||||
|-|-|-|-|-|-|-|
|ShenwanHongyuanSecurities (HongKong) co., LTD|Overseascorporate|4.46%|9,587,925|0|||
|Zhang Huai’an|Domestic natureperson|1.31%|2,807,000|0|||
|Zheng Enyue|Domestic natureperson|1.12%|2,405,739|0|||
|Sun Huiming|Domestic natureperson|0.93%|2,007,110|0|||
|Guosen Securities(HK) BrokerageCompanyLimited|Overseascorporate|0.87%|1,861,882|0|||
|Gu Jinhua|Domestic natureperson|0.83%|1,783,771|0|||
|BOCISECURITIESLIMITED|Overseascorporate|0.80%|1,716,945|0|||
|LI SHERYNZHAN MING|Overseas natureperson|0.53%|1,145,000|0|||
|Particular about top ten shareholders with tradable shares held|||||||
||||||Type of shares||
|Shareholders||Amount of tradable shares held|||||
||||||Type|Amount|
|GUOTAI JUNANSECURITIES(HONGKONG)LIMITED||9,596,527|||Domestically||
||||||listed foreign|9,596,527|
||||||shares||
|Shenwan Hongyuan Securities(Hong Kong) co., LTD||9,587,925|||Domestically||
||||||listed foreign|9,587,925|
||||||shares||
|Zhang Huai’an||2,807,000|||Domestically||
||||||listed foreign|2,807,000|
||||||shares||
|Zheng Enyue||2,405,739|||Domestically||
||||||listed foreign|2,405,739|
||||||shares||
|Sun Huiming||2,007,110|||Domestically||
||||||listed foreign|2,007,110|
||||||shares||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
|||||
|-|-|-|-|
|Guosen Securities (HK) BrokerageCompany Limited|1,861,882|Domestically||
|||listed foreign|1,861,882|
|||shares||
|Gu Jinhua|1,783,771|Domestically||
|||listed foreign|1,783,771|
|||shares||
|BOCI SECURITIES LIMITED|1,716,945|Domestically||
|||listed foreign|1,716,945|
|||shares||
|LI SHERYN ZHAN MING|1,145,000|Domestically||
|||listed foreign|1,145,000|
|||shares||
|Jin Yunhua|950,162|Domestically||
|||listed foreign|950,162|
|||shares||
|Explanation on associated|Among the top ten shareholders, China Potevio Company Limited is neither a related party|||
|relationship among the top ten|nor a person acting in concert with the others. It’s unknown by the Company whether there|||
|shareholders or consistent action|are related parties or persons acting in concert among the other shareholders.|||
|Explanation on shareholders||||
|involving margin business about top||||
||N/A|||
|ten common shareholders (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
Top ten common shareholders or top ten common shareholders with un-restrict shares not held have a buy-back agreement dealing in reporting period
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report Section III. Important events
I. Particular about major changes from items of main accounting statements and financial indexes as well as reasons
√ Applicable□Not applicable
|||||||
|-|-|-|-|-|-|
|Items|2017-9-30 (RMB)|2016-12-31 (RMB)|Changed amount|+,- (%)|Main reasons for major|
||||(RMB)||changes|
||194,707,874.63|519,683,411.72|-324,975,537.09|-62.53%|Payables due for goods|
||||||increased on a y-o-y basis;|
|Monetary fund||||||
||||||and bank loans declined in|
||||||the period|
||39,976,260.73|59,748,722.91|-19,772,462.18|-33.09%|Payment on goods are paid|
|Notes payable|||||by acceptance draft in the|
||||||period|
|Account paid in|395,091,619.82|44,578,182.05|350,513,437.77|786.29%|Purchase of receivable paid|
|advance|||||in advance increased|
|Stock|771,308,222.46|527,931,889.47|243,376,332.99|46.10%|The products manufactured|
||||||according to the contract|
||||||have not been paid at|
||||||period-end|
|Other current|39,820,185.29|6,842,370.71|32,977,814.58|481.96%|Pending deduct VAT on|
|assets|||||purchase increased|
|Bills payable|13,681,990.00|83,071,160.95|-69,389,170.95|-83.53%|Payment for goods are paid|
||||||by acceptance draft decreased|
||||||in the period|
|Accounts payable|1,212,747,044.00|897,012,031.63|315,735,012.37|35.20%|Account payable for products|
||||||purchasing increased in the|
||||||period|
|Payment in|612,904,406.14|310,313,462.24|302,590,943.90|97.51%|Payment for goods received|
|advance|||||in advance from clients|
||||||increased in the period|
|Tax payable|13,501,691.01|24,491,066.21|-10,989,375.20|-44.87%|Taxes payable are paid in the|
||||||period|
|Deferred income|8,136,257.32|1,599,211.58|6,537,045.74|408.77%|Received government grants|
||||||in the period, and reckoned|
||||||into deferred income|
|Items|From Jan. to|From Jan. to|Changed amount|+,- (%)|Main reasons for major|
||Sept. of 2017|Sept. of 2016|(RMB)||changes|
|Investment income|-849,185.37|897,964.98|-1,747,150.35|-194.57%|Net profit from joint-stock|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
|||||||
|-|-|-|-|-|-|
||||||enterprises declined on a|
||||||y-o-y basis|
|Non operating|4,431,708.67|7,384,026.58|-2,952,317.91|-39.98%|According to the change of|
|income|||||accounting policy, VAT|
||||||refunds counted in Other|
||||||Income|
|Operating profit|15,683,565.91|-15,241,407.63|30,924,973.54|202.90%|In reporting period, the|
|Total profit|19,275,490.66|-8,548,888.17|27,824,378.83|325.47%|Company optimize and adjust|
|Net profit|13,073,944.74|-13,416,723.52|26,490,668.26|197.45%|the industrial structure,|
||||||expending new projects, and|
||338,889.98|-22,300,037.16|22,638,927.14|101.52%||
||||||making more efforts on|
|Net profit||||||
||||||entity governance for deficit|
|attributable to||||||
||||||operation as well as on cost|
|owners’ of parent||||||
||||||control, as a results, the|
|company||||||
||||||operation revenue and profit|
||||||increased on a y-o-y basis|
|Net cash flow|-196,537,700.65|-102,986,761.84|-93,550,938.81|-90.84%|More purchase money paid in|
|arising from|||||the period|
|financial activities||||||
|Net cash flow|-8,474,958.17|-4,026,846.85|-4,448,111.32|-110.46%|Cash paid for purchasing|
|arising from|||||fixed assets are increased in|
|investment|||||the period|
|activities||||||
|Net cash flow|-113,109,354.78|-22,403,170.87|-90,706,183.91|-404.88%|Bank loans in the period|
|arising from|||||decreased over that of last|
|financing activities|||||year|
||-318,145,249.49|-129,689,872.70|-188,455,376.79|-145.31%|Cash flow arising from|
|Net increase of|||||operation/investment and|
|cash and cash|||||financing activities are|
|equivalent|||||declined on a y-o-y basis in|
||||||the period|

II. Progress and influence of the main events as well as solution analysis specification
√Applicable□ Not applicable
The Company have negative results of net profit attributable to shareholder of listed company, which has been audited, for three years in a row (that is 2014, 2015 and 2016). And according to the regulation of Shenzhen Stock Exchange, stock of the Company suspend since 11 May 2017. We are carrying out works for operation improvement in a deep-going way, strive to resume listing. The specific measures and relevant progress of works can be found in―Notice of Measusres for Resume Listing and Relevant Progress ofWorks‖ released montly.
||||
|-|-|-|
|||Information index for temporary report|
|Overview|Date for disclosure||
|||disclosure|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Notice of Suspend Listing|2017-05-09|Juchao Website (www.cninfo.com.cn)|
|Notice of Measusres for Resume Listingand Relevant Progress of Works|2017-06-07|Juchao Website (www.cninfo.com.cn)|
||2017-07-07|Juchao Website (www.cninfo.com.cn)|
||2017-08-05|Juchao Website (www.cninfo.com.cn)|
||2017-09-07|Juchao Website (www.cninfo.com.cn)|
||2017-10-13|Juchao Website (www.cninfo.com.cn)|

 III. Commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period
□ Applicable√ Not applicable
There are no commitments that the company, shareholders, actual controller, offeror, directors, supervisors, senior management or other related parties have fulfilled during the reporting period and have not yet fulfilled by the end of reporting period.
IV. Estimation of operation performance for year of 2017
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. Particular about security investment
□ Applicable√ Not applicable
The Company had no security investment in Period.
VI. Particulars about derivatives investment
□ Applicable√ Not applicable
The Company had no derivatives 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.
Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report 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.
X. Fulfill the precise social responsibility for poverty alleviation
1. Summary of targeted poverty alleviation
According to the unified arrangements of Nanjing Economic and Information Commission, the company will help the Liuhe District– Molihua Village in pairs during the 13th Five-Year Plan. We have a site visiting recently, and according to the learned situation and combined with the company's actual situation; it is currently developing the targeted poverty alleviation program for the 13th Five-Year period.
2. Target poverty alleviation for the 3Q
||||
|-|-|-|
|Index|Unit of measure|Quantity /implementation|
|I. Overall condition|——|——|
|II. Poverty alleviation by items|——|——|
|1.Industry development|——|——|
|2.Shift employment|——|——|
|3.Relocating in other places|——|——|
|4.Education|——|——|
|5.Health|——|——|
|6.Ecological protection|——|——|
|7. Reveal all the details|——|——|
|8.society|——|——|
|9.other|——|——|
|III. Award received (content and grade)|——|——|

3. Follow-up target poverty alleviation
Currently, the Company still in preparation of the poverty alleviation plan, and will carry out target poverty alleviation in line with the plan in later period.
Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report Section IV. Financial Statement
I. Financial statement
1. Consolidated Balance Sheet
Prepared by Nanjing Putian Telecommunications Co., Ltd.
2017-09-30
In RMB
||||
|-|-|-|
|Item|Balance at period-end|Balance at period-begin|
|Current assets:|||
|Monetary funds|194,707,874.63|519,683,411.72|
|Settlement provisions|||
|Capital lent|||
|Financial assets measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial assets|||
||39,976,260.73|59,748,722.91|
|Notes receivable|||
||984,139,447.92|761,252,410.36|
|Accounts receivable|||
|Accounts paid in advance|395,091,619.82|44,578,182.05|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance|||
|receivable|||
|Interest receivable|||
|Dividend receivable|||
|Other receivables|36,331,354.01|30,414,138.94|
|Purchase restituted finance asset|||
|Inventories|771,308,222.46|527,931,889.47|
|Divided into assets held for sale|||
|Non-current asset due within one year|||
|Other current assets|39,820,185.29|6,842,370.71|
|Total current assets|2,461,374,964.86|1,950,451,126.16|
|Non-current assets:|||
|Loans and payments on behalf|||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Finance asset available for sales|741,953.00|741,953.00|
|Held-to-maturity investment|||
|Long-term account receivable|||
|Long-term equity investment|185,788,897.79|187,082,857.56|
|Investment property|13,035,329.04|13,533,631.71|
|Fixed assets|121,329,261.35|124,281,522.14|
|Construction in progress|775,343.81||
|Engineering material|||
|Disposal of fixed asset|||
|Productive biological asset|||
|Oil and gas asset|||
|Intangible assets|25,603,748.01|26,163,577.94|
|Expense on Research and|||
|Development|||
|Goodwill|||
|Long-term expenses to be apportioned|2,331,374.02|2,264,499.03|
|Deferred income tax asset|||
|Other non-current asset|||
|Total non-current asset|349,605,907.02|354,068,041.38|
|Total assets|2,810,980,871.88|2,304,519,167.54|
|Current liabilities:|||
|Short-term loans|412,500,000.00|473,500,000.00|
|Loan from central bank|||
|Absorbing deposit and interbank|||
|deposit|||
|Capital borrowed|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes payable|13,681,990.00|83,071,160.95|
|Accounts payable|1,212,747,044.00|897,012,031.63|
|Accounts received in advance|612,904,406.14|310,313,462.24|
|Selling financial asset of repurchase|||
|Commission charge and commission|||
|payable|||
|Wage payable|18,973,061.63|17,476,239.20|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Taxes payable|13,501,691.01|24,491,066.21|
|Interest payable|208,892.07|732,412.79|
|Dividend payable|1,692,213.38|1,692,213.38|
|Other accounts payable|56,568,124.32|42,214,822.29|
|Reinsurance payables|||
|Insurance contract reserve|||
|Security trading of agency|||
|Security sales of agency|||
|Divided into liability held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|2,342,777,422.55|1,850,503,408.69|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Long-term account payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Projected liabilities|||
|Deferred income|8,136,257.32|1,599,211.58|
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|8,136,257.32|1,599,211.58|
|Total liabilities|2,350,913,679.87|1,852,102,620.27|
|Owner’s equity:|||
|Share capital|215,000,000.00|215,000,000.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Capital public reserve|185,374,533.85|185,374,533.85|
|Less: Inventory shares|||
|Other comprehensive income|-4,634,605.50|-4,634,605.50|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Reasonable reserve|||
|Surplus public reserve|589,559.77|589,559.77|
|Provision of general risk|||
|Retained profit|-56,152,182.93|-56,491,072.91|
|Total owner’s equity attributable to parentcompany|340,177,305.19|339,838,415.21|
|Minority interests|119,889,886.82|112,578,132.06|
|Total owner’s equity|460,067,192.01|452,416,547.27|
|Total liabilities and owner’s equity|2,810,980,871.88|2,304,519,167.54|

 Legal representative: Li Linzhen
Person in charger of accounting works: Li Linzhen
Person in charge of accounting organ: Gao Wen
2. Balance Sheet of Parent Company
In RMB
||||
|-|-|-|
|Item|Balance at period-end|Balance at period-begin|
|Current assets:|||
||88,732,994.57|190,187,786.60|
|Monetary funds|||
|Financial assets measured by fair value|||
|and with variation reckoned into current|||
|gains/losses|||
|Derivative financial assets|||
||23,047,295.02|26,166,177.42|
|Notes receivable|||
|Accounts receivable|436,334,120.95|418,155,912.47|
|Account paid in advance|389,830,470.89|22,118,450.95|
|Interest receivable|||
|Dividends receivable|4,576,700.00||
|Other receivables|51,233,862.44|67,477,161.09|
|Inventories|574,228,076.04|382,213,995.39|
|Divided into assets held for sale|||
|Non-current assets maturing within one|||
|year|||
|Other current assets|29,697,768.09||
|Total current assets|1,597,681,288.00|1,106,319,483.92|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Non-current assets:|||
|Available-for-sale financial assets|741,953.00|741,953.00|
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|354,604,642.21|355,898,601.98|
|Investment property|||
|Fixed assets|57,339,736.86|56,774,280.91|
|Construction in progress|459,282.21||
|Project materials|||
|Disposal of fixed assets|||
|Productive biological assets|||
|Oil and natural gas assets|||
|Intangible assets|7,335,307.47|7,685,388.54|
|Research and development costs|||
|Goodwill|||
|Long-term deferred expenses|2,093,232.02|1,957,219.03|
|Deferred income tax assets|||
|Other non-current assets|||
|Total non-current assets|422,574,153.77|423,057,443.46|
|Total assets|2,020,255,441.77|1,529,376,927.38|
|Current liabilities:|||
|Short-term borrowings|319,000,000.00|350,000,000.00|
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes payable|11,681,990.00|73,071,160.95|
|Accounts payable|667,432,032.66|484,405,589.93|
|Accounts received in advance|596,408,569.82|256,897,356.96|
|Wage payable|7,642,132.15|6,437,798.79|
|Taxes payable|5,309,189.15|8,618,382.65|
|Interest payable|208,892.07|556,665.54|
|Dividend payable|||
|Other accounts payable|234,475,725.03|148,211,527.27|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Divided into liability held for sale|||
|Non-current liabilities due within 1|||
|year|||
|Other current liabilities|||
|Total current liabilities|1,842,158,530.88|1,328,198,482.09|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Long-term account payable|||
|Long-term wages payable|||
|Special accounts payable|||
|Projected liabilities|||
|Deferred income|963,494.32|1,599,211.58|
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|963,494.32|1,599,211.58|
|Total liabilities|1,843,122,025.20|1,329,797,693.67|
|Owners’ equity:|||
|Share capita|215,000,000.00|215,000,000.00|
|Other equity instrument|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Capital public reserve|172,417,299.81|172,417,299.81|
|Less: Inventory shares|||
|Other comprehensive income|||
|Reasonable reserve|||
|Surplus reserve|589,559.76|589,559.76|
|Retained profit|-210,873,443.00|-188,427,625.86|
|Total owner’s equity|177,133,416.57|199,579,233.71|
|Total liabilities and owner’s equity|2,020,255,441.77|1,529,376,927.38|

3. Consolidated Profit Statement (the period)
In RMB
Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|521,084,332.49|435,072,870.40|
|Including: Operating income|521,084,332.49|435,072,870.40|
|Interest income|||
|Insurance gained|||
|Commission charge and|||
|commission income|||
|II. Total operating cost|499,576,768.28|432,534,584.00|
|Including: Operating cost|426,752,215.51|352,484,417.11|
|Interest expense|||
|Commission charge and|||
|commission expense|||
|Cash surrender value|||
|Net amount of expense of|||
|compensation|||
|Net amount of withdrawal of|||
|insurance contract reserve|||
|Bonus expense of guarantee slip|||
|Reinsurance expense|||
|Operating tax and extras|3,169,545.11|2,081,612.48|
|Sales expenses|33,270,810.11|37,744,931.15|
|Administration expenses|34,369,942.72|36,079,862.84|
|Financial expenses|4,509,405.60|4,919,856.34|
|Losses of devaluation of asset|-2,495,150.77|-776,095.92|
|Add: Changing income of fair|||
|value(Loss is listed with ―-‖)|||
|Investment income (Loss is listed|||
||-231,092.32|-19,879.13|
|with ―-‖)|||
|Including: Investment income on|||
||-231,092.32|-19,879.13|
|affiliated company and joint venture|||
|Exchange income (Loss is listed|||
|with ―-‖)|||
|Other income|1,629,382.27||
|III. Operating profit (Loss is listed|||
||22,905,854.16|2,518,407.27|
|with ―-‖)|||
|Add: Non-operating income|1,662,109.49|3,519,369.31|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Including: Disposal gains of|||
||107,894.46||
|non-current asset|||
|Less: Non-operating expense|-89,892.37|610,103.56|
|Including: Disposal loss of|||
||-77,357.53|1,815.93|
|non-current asset|||
|IV. Total Profit (Loss is listed with|||
||24,657,856.02|5,427,673.02|
|―-‖)|||
|Less: Income tax expense|2,998,134.08|1,632,032.03|
|V. Net profit (Net loss is listed with ―-‖)|21,659,721.94|3,795,640.99|
|Net profit attributable to owner’s of|||
||13,585,613.61|-1,190,941.53|
|parent company|||
|Minority shareholders’ gains and|||
||8,074,108.33|4,986,582.52|
|losses|||
|VI. Net after-tax of other|||
||164,503.71|241,817.20|
|comprehensive income|||
|Net after-tax of other comprehensive|||
|income attributable to owners of parent|148,053.34|217,635.48|
|company|||
|(I) Other comprehensive income|||
|items which will not be reclassified|||
|subsequently to profit of loss|||
|1. Changes as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||
|2. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will not be reclassified|||
|subsequently to profit and loss|||
|(II) Other comprehensive income|||
|items which will be reclassified|148,053.34|217,635.48|
|subsequently to profit or loss|||
|1. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will be reclassified subsequently|||
|to profit or loss|||
|2. Gains or losses arising|||
|from changes in fair value of|||
|available-for-sale financial assets|||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|3. Gains or losses arising|||
|from reclassification of held-to-maturity|||
|investment as available-for-sale|||
|financial assets|||
|4. The effect hedging|||
|portion of gains or losses arising from|||
|cash flow hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign|148,053.34|217,635.48|
|currency financial statements|||
|6. Other|||
|Net after-tax of other comprehensive|||
|income attributable to minority|16,450.37|24,181.72|
|shareholders|||
|VII. Total comprehensive income|21,824,225.65|4,037,458.19|
|Total comprehensive income|||
|attributable to owners of parent|13,733,666.95|-973,306.05|
|Company|||
|Total comprehensive income|||
||8,090,558.70|5,010,764.24|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.064|-0.006|
|(ii) Diluted earnings per share|0.064|-0.006|

 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and realized 0 Yuan at last period for combined party.
Legal representative: Li Linzhen
Person in charger of accounting works: Li Linzhen
Person in charge of accounting organ: Gao Wen
4. Profit Statement of Parent Company (the period)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|147,699,663.42|164,193,494.68|
|Less: Operating cost|121,623,634.06|140,575,895.10|
|Operating tax and extras|1,585,716.39|882,733.30|
|Sales expenses|14,248,749.40|14,711,312.58|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Administration expenses|13,269,987.85|12,799,147.62|
|Financial expenses|4,794,328.50|3,794,507.93|
|Losses of devaluation of asset|-2,133,913.27|-508,260.53|
|Add: Changing income of fair|||
|value(Loss is listed with ―-‖)|||
|Investment income (Loss is|||
||4,382,736.34|1,537,115.45|
|listed with ―-‖)|||
|Including: Investment income|||
||-193,963.66|137,115.45|
|on affiliated company and joint venture|||
|Other income|||
|II. Operating profit (Loss is listed|||
||-1,306,103.17|-6,524,725.87|
|with ―-‖)|||
|Add: Non-operating income|1,204,073.78|2,225,817.40|
|Including: Disposal gains of|||
||115,578.42||
|non-current asset|||
|Less: Non-operating expense|-12,419.93|114,496.00|
|Including: Disposal loss of|||
||10,013.52|18,528.53|
|non-current asset|||
|III. Total Profit (Loss is listed with|||
||-89,609.46|-4,413,404.47|
|―-‖)|||
|Less: Income tax expense|||
|IV. Net profit (Net loss is listed with|||
||-89,609.46|-4,413,404.47|
|―-‖)|||
|V. Net after-tax of other comprehensive|||
|income|||
|(I) Other comprehensive income|||
|items which will not be reclassified|||
|subsequently to profit of loss|||
|1. Changes as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||
|2. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will not be reclassified|||
|subsequently to profit and loss|||
|(II) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|1. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will be reclassified subsequently|||
|to profit or loss|||
|2. Gains or losses arising|||
|from changes in fair value of|||
|available-for-sale financial assets|||
|3. Gains or losses arising|||
|from reclassification of held-to-maturity|||
|investment as available-for-sale|||
|financial assets|||
|4. The effect hedging|||
|portion of gains or losses arising from|||
|cash flow hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign|||
|currency financial statements|||
|6. Other|||
|VI. Total comprehensive income|-89,609.46|-4,413,404.47|
|VII. Earnings per share:|||
|(i) Basic earnings per share|0.000|-0.021|
|(ii) Diluted earnings per share|0.000|-0.021|

 5. Consolidated Profit Statement (from the year-begin to the period-end)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Total operating income|1,533,480,739.88|1,269,812,093.87|
|Including: Operating income|1,533,480,739.88|1,269,812,093.87|
|Interest income|||
|Insurance gained|||
|Commission charge and|||
|commission income|||
|II. Total operating cost|1,521,362,180.47|1,285,951,466.48|
|Including: Operating cost|1,281,348,705.69|1,038,658,066.13|
|Interest expense|||
|Commission charge and|||
|commission expense|||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Cash surrender value|||
|Net amount of expense of|||
|compensation|||
|Net amount of withdrawal of|||
|insurance contract reserve|||
|Bonus expense of guarantee slip|||
|Reinsurance expense|||
|tax and extras|7,896,987.72|6,469,345.77|
|Sales expenses|112,601,920.25|118,219,649.63|
|Administration expenses|107,330,108.44|105,592,974.94|
|Financial expenses|13,210,994.42|16,167,799.30|
|Losses of devaluation of asset|-1,026,536.05|843,630.71|
|Add: Changing income of fair|||
|value(Loss is listed with ―-‖)|||
|Investment income (Loss is listed|||
||-849,185.37|897,964.98|
|with ―-‖)|||
|Including: Investment income on|||
||-849,185.37|897,964.98|
|affiliated company and joint venture|||
|Exchange income (Loss is listed|||
|with ―-‖)|||
|Other income|4,414,191.87||
|III. Operating profit (Loss is listed|||
||15,683,565.91|-15,241,407.63|
|with ―-‖)|||
|Add: Non-operating income|4,431,708.67|7,384,026.58|
|Including: Disposal gains of|||
||137,682.71||
|non-current asset|||
|Less: Non-operating expense|839,783.92|691,507.12|
|Including: Disposal loss of|||
||615,795.54|18,528.53|
|non-current asset|||
|IV. Total Profit (Loss is listed with|||
||19,275,490.66|-8,548,888.17|
|―-‖)|||
|Less: Income tax expense|6,201,545.92|4,867,835.35|
|V. Net profit (Net loss is listed with ―-‖)|13,073,944.74|-13,416,723.52|
|Net profit attributable to owner’s of|||
||338,889.98|-22,300,037.16|
|parent company|||
|Minority shareholders’ gains and|||
||12,735,054.76|8,883,313.64|
|losses|||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||
|-|
|VI. Net after-tax of other|
|comprehensive income|
|Net after-tax of other comprehensive|
|income attributable to owners of parent|
|company|
|(I) Other comprehensive income|
|items which will not be reclassified|
|subsequently to profit of loss|
|1. Changes as a result of|
|re-measurement of net defined benefit|
|plan liability or asset|
|2. Share of the other|
|comprehensive income of the investee|
|accounted for using equity method|
|which will not be reclassified|
|subsequently to profit and loss|
|(II) Other comprehensive income|
|items which will be reclassified|
|subsequently to profit or loss|
|1. Share of the other|
|comprehensive income of the investee|
|accounted for using equity method|
|which will be reclassified subsequently|
|to profit or loss|
|2. Gains or losses arising|
|from changes in fair value of|
|available-for-sale financial assets|
|3. Gains or losses arising|
|from reclassification of held-to-maturity|
|investment as available-for-sale|
|financial assets|
|4. The effect hedging|
|portion of gains or losses arising from|
|cash flow hedging instruments|
|5. Translation differences|
|arising on translation of foreign|
|currency financial statements|
|6. Other|
|Net after-tax of other comprehensive|
|income attributable to minority|
|shareholders|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|VII. Total comprehensive income|13,073,944.74|-13,416,723.52|
|Total comprehensive income|||
|attributable to owners of parent|338,889.98|-22,300,037.16|
|Company|||
|Total comprehensive income|||
||12,735,054.76|8,883,313.64|
|attributable to minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|0.002|-0.104|
|(ii) Diluted earnings per share|0.002|-0.104|

 Enterprise combine under the same control in the Period, the combined party realized net profit of 0 Yuan before combination, and realized 0 Yuan at last period for combined party.
6. Profit Statement of Parent Company (from the year-begin to the period-end)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Operating income|639,969,808.89|513,419,093.92|
|Less: Operating cost|561,719,455.31|443,944,172.00|
|Operating tax and extras|3,539,704.52|2,822,076.55|
|Sales expenses|47,403,034.52|52,303,377.62|
|Administration expenses|42,556,420.92|40,299,680.39|
|Financial expenses|13,297,736.50|12,572,837.29|
|Losses of devaluation of asset|-567,765.79|843,630.71|
|Add: Changing income of fair|||
|value(Loss is listed with ―-‖)|||
|Investment income (Loss is|||
||3,727,514.63|2,297,964.98|
|listed with ―-‖)|||
|Including: Investment income|||
||-849,185.37|897,964.98|
|on affiliated company and joint venture|||
|Other income|44,991.45||
|II. Operating profit (Loss is listed|||
||-24,206,271.01|-37,068,715.66|
|with ―-‖)|||
|Add: Non-operating income|1,964,184.13|3,379,222.23|
|Including: Disposal gains of|||
||115,578.42||
|non-current asset|||
|Less: Non-operating expense|203,730.26|166,820.49|
|Including: Disposal loss of|||
||10,013.52|18,528.53|
|non-current asset|||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|III. Total Profit (Loss is listed with|||
||-22,445,817.14|-33,856,313.92|
|―-‖)|||
|Less: Income tax expense|||
|IV. Net profit (Net loss is listed with|||
||-22,445,817.14|-33,856,313.92|
|―-‖)|||
|V. Net after-tax of other comprehensive|||
|income|||
|(I) Other comprehensive income|||
|items which will not be reclassified|||
|subsequently to profit of loss|||
|1. Changes as a result of|||
|re-measurement of net defined benefit|||
|plan liability or asset|||
|2. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will not be reclassified|||
|subsequently to profit and loss|||
|(II) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||
|1. Share of the other|||
|comprehensive income of the investee|||
|accounted for using equity method|||
|which will be reclassified subsequently|||
|to profit or loss|||
|2. Gains or losses arising|||
|from changes in fair value of|||
|available-for-sale financial assets|||
|3. Gains or losses arising|||
|from reclassification of held-to-maturity|||
|investment as available-for-sale|||
|financial assets|||
|4. The effect hedging|||
|portion of gains or losses arising from|||
|cash flow hedging instruments|||
|5. Translation differences|||
|arising on translation of foreign|||
|currency financial statements|||
|6. Other|||
|VI. Total comprehensive income|-22,445,817.14|-33,856,313.92|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|VII. Earnings per share:|||
|(i) Basic earnings per share|-0.104|-0.157|
|(ii) Diluted earnings per share|-0.104|-0.157|

 7. Consolidated Cash Flow Statement (from the year-begin to the period-end)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling|||
|commodities and providing labor|1,711,680,651.61|2,054,659,482.31|
|services|||
|Net increase of customer deposit|||
|and interbank deposit|||
|Net increase of loan from central|||
|bank|||
|Net increase of capital borrowed|||
|from other financial institution|||
|Cash received from original|||
|insurance contract fee|||
|Net cash received from reinsurance|||
|business|||
|Net increase of insured savings and|||
|investment|||
|Net increase of amount from|||
|disposal financial assets that measured|||
|by fair value and with variation|||
|reckoned into current gains/losses|||
|Cash received from interest,|||
|commission charge and commission|||
|Net increase of capital borrowed|||
|Net increase of returned business|||
|capital|||
|Write-back of tax received|3,876,858.51|3,952,028.24|
|Other cash received concerning|||
||20,538,311.60|20,679,937.34|
|operating activities|||
|Subtotal of cash inflow arising from|||
||1,736,095,821.72|2,079,291,447.89|
|operating activities|||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Cash paid for purchasing|||
|commodities and receiving labor|1,557,193,269.77|1,789,784,524.83|
|service|||
|Net increase of customer loans and|||
|advances|||
|Net increase of deposits in central|||
|bank and interbank|||
|Cash paid for original insurance|||
|contract compensation|||
|Cash paid for interest, commission|||
|charge and commission|||
|Cash paid for bonus of guarantee|||
|slip|||
|Cash paid to/for staff and workers|181,816,718.96|184,236,200.80|
|Taxes paid|76,354,353.74|63,433,633.88|
|Other cash paid concerning|||
||117,269,179.90|144,823,850.22|
|operating activities|||
|Subtotal of cash outflow arising from|||
||1,932,633,522.37|2,182,278,209.73|
|operating activities|||
|Net cash flows arising from operating|||
||-196,537,700.65|-102,986,761.84|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
|investment|||
|Cash received from investment|||
||444,774.40|362,372.00|
|income|||
|Net cash received from disposal of|||
|fixed, intangible and other long-term||150,975.40|
|assets|||
|Net cash received from disposal of|||
|subsidiaries and other units|||
|Other cash received concerning|||
|investing activities|||
|Subtotal of cash inflow from investing|||
||444,774.40|513,347.40|
|activities|||
|Cash paid for purchasing fixed,|||
||8,919,732.57|4,540,194.25|
|intangible and other long-term assets|||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|Cash paid for investment|||
|Net increase of mortgaged loans|||
|Net cash received from|||
|subsidiaries and other units obtained|||
|Other cash paid concerning|||
|investing activities|||
|Subtotal of cash outflow from investing|||
||8,919,732.57|4,540,194.25|
|activities|||
|Net cash flows arising from investing|||
||-8,474,958.17|-4,026,846.85|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|||
|investment|||
|Including: Cash received from|||
|absorbing minority shareholders’|||
|investment by subsidiaries|||
|Cash received from loans|395,500,000.00|462,500,000.00|
|Cash received from issuing bonds|||
|Other cash received concerning|||
|financing activities|||
|Subtotal of cash inflow from financing|||
||395,500,000.00|462,500,000.00|
|activities|||
|Cash paid for settling debts|488,500,000.00|461,000,000.00|
|Cash paid for dividend and profit|||
||20,109,354.78|23,903,170.87|
|distributing or interest paying|||
|Including: Dividend and profit of|||
|minority shareholder paid by|6,473,300.00|6,473,300.00|
|subsidiaries|||
|Other cash paid concerning|||
|financing activities|||
|Subtotal of cash outflow from financing|||
||508,609,354.78|484,903,170.87|
|activities|||
|Net cash flows arising from financing|||
||-113,109,354.78|-22,403,170.87|
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|-23,235.89|-273,093.14|
|exchange rate|||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|V. Net increase of cash and cash|||
||-318,145,249.49|-129,689,872.70|
|equivalents|||
|Add: Balance of cash and cash|||
||484,954,713.07|405,920,943.68|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||166,809,463.58|276,231,070.98|
|equivalents at the period -end|||

8. Cash Flow Statement of Parent Company (from the year-begin to the period-end)
In RMB
||||
|-|-|-|
|Item|Current Period|Last Period|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling|||
|commodities and providing labor|756,604,939.02|1,120,375,330.59|
|services|||
|Write-back of tax received|2,342.16|239,819.41|
|Other cash received concerning|||
||126,090,356.94|16,170,507.07|
|operating activities|||
|Subtotal of cash inflow arising from|||
||882,697,638.12|1,136,785,657.07|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|775,674,194.42|1,025,707,840.33|
|service|||
|Cash paid to/for staff and workers|73,191,248.75|71,081,823.57|
|Taxes paid|25,433,681.00|18,232,296.21|
|Other cash paid concerning|||
||60,591,753.66|92,804,570.89|
|operating activities|||
|Subtotal of cash outflow arising from|||
||934,890,877.83|1,207,826,531.00|
|operating activities|||
|Net cash flows arising from operating|||
||-52,193,239.71|-71,040,873.93|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
|investment|||
|Cash received from investment|||
||39,244,774.40|362,372.00|
|income|||
|Net cash received from disposal of||2,000.00|

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|fixed, intangible and other long-term|||
|assets|||
|Net cash received from disposal of|||
|subsidiaries and other units|||
|Other cash received concerning|||
|investing activities|||
|Subtotal of cash inflow from investing|||
||39,244,774.40|364,372.00|
|activities|||
|Cash paid for purchasing fixed,|||
||6,510,594.72|3,843,918.52|
|intangible and other long-term assets|||
|Cash paid for investment|||
|Net cash received from|||
|subsidiaries and other units|||
|Other cash paid concerning|||
|investing activities|||
|Subtotal of cash outflow from investing|||
||6,510,594.72|3,843,918.52|
|activities|||
|Net cash flows arising from investing|||
||32,734,179.68|-3,479,546.52|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|||
|investment|||
|Cash received from loans|309,000,000.00|346,000,000.00|
|Cash received from issuing bonds|||
|Other cash received concerning|||
|financing activities|||
|Subtotal of cash inflow from financing|||
||309,000,000.00|346,000,000.00|
|activities|||
|Cash paid for settling debts|372,000,000.00|356,000,000.00|
|Cash paid for dividend and profit|||
||10,736,760.60|12,990,422.11|
|distributing or interest paying|||
|Other cash paid concerning|||
|financing activities|||
|Subtotal of cash outflow from financing|||
||382,736,760.60|368,990,422.11|
|activities|||
|Net cash flows arising from financing|||
||-73,736,760.60|-22,990,422.11|
|activities|||

Nanjing Putian Telecommunications Co., Ltd. 2017 Third Quarterly Report
||||
|-|-|-|
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|-100,956.62|68,383.33|
|exchange rate|||
|V. Net increase of cash and cash|||
||-93,296,777.25|-97,442,459.23|
|equivalents|||
|Add: Balance of cash and cash|||
||164,361,696.67|192,969,689.69|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||71,064,919.42|95,527,230.46|
|equivalents at the period -end|||

II. Audit report
Whether the 3rd quarterly report has been audited or not
□Yes√ No
The 3rd quarterly report of the Company has not been audited.
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd. 28 October 2017