Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019 Nanjing Putian Telecommunications Co., Ltd.
First Quarterly Report 2019
April 2019
Nanjing Putian Telecommunications Co., Ltd. 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.
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019 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|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|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||||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||||||
|-|-|-|-|-|-|-|
|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||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
|||||
|-|-|-|-|
|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
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019 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|

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
|||||||
|-|-|-|-|-|-|
||||||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
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019□ 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
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019 The Company had no non-operational fund occupation form controlling shareholders and its related party in the period,
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019 IV. Financial statement
I. Financial statement
1. Consolidated balance sheet
Prepared by Nanjing Putian Telecommunications Co., Ltd.
2019-03-31
In RMB
||||
|-|-|-|
|Items|2019-3-31|2018-12-31|
|Current assets:|||
|Monetary fund|98,789,018.24|261,938,068.72|
|Settlement provisions|||
|Capital lent|||
|Transactional financial assets|||
|Financial assets measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial assets|||
|Note receivable and account|||
||1,051,002,710.87|987,544,115.36|
|receivable|||
|Including: Notes receivable|44,066,594.38|46,475,656.01|
|Accounts receivable|1,006,936,116.49|941,068,459.35|
|Account paid in advance|55,750,988.26|188,848,712.69|
|Insurance receivable|||
|Reinsurance receivables|||
|Contract reserve of reinsurance|||
|receivable|||
|Other account receivable|33,914,505.93|33,734,948.67|
|Including: Interest receivable|||
|Dividends receivable|||
|Buying back the sale of financial|||
|assets|||
|Inventories|238,669,729.12|286,972,632.59|
|Contractual assets|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|Assets held for sale|||
|Non-current assets maturing within|||
|one year|||
|Other current assets|6,662,088.67|13,497,540.69|
|Total current assets|1,484,789,041.09|1,772,536,018.72|
|Non-current assets:|||
|Loans and payments on behalf|||
|Debt investment|||
|Available-for-sale financial assets|741,953.00|741,953.00|
|Other debt investment|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|181,353,550.90|183,244,080.23|
|Investment in other equity instrument|||
|Other non-current financial assets|||
|Investment real estate|8,300,445.14|8,397,113.98|
|Fixed assets|111,777,048.15|112,504,807.11|
|Construction in progress|10,560,828.19|9,472,383.76|
|Productive biological assets|||
|Oil and natural gas assets|||
|Right-of-use assets|||
|Intangible assets|29,845,899.02|30,285,598.77|
|Research and development costs|||
|Goodwill|||
|Long-term deferred expenses|3,319,721.60|3,562,336.84|
|Deferred income tax assets|||
|Other non-current assets|||
|Total non-current assets|345,899,446.00|348,208,273.69|
|Total assets|1,830,688,487.09|2,120,744,292.41|
|Current liabilities|||
|Short-term borrowings|476,923,666.67|445,010,000.00|
|Loan from central bank|||
|Capital borrowed|||
|Transactional financial liability|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes payable & account payable|758,681,731.89|827,403,870.61|
|Accounts received in advance|24,300,312.34|259,545,648.66|
|Selling financial asset of repurchase|||
|Absorbing deposit and interbank|||
|deposits|||
|Agent buying and selling securities|||
|Acting underwriting securities|||
|Wage payable|21,945,115.10|21,132,336.19|
|Taxes payable|8,089,799.22|17,230,159.02|
|Other accounts payable|52,194,446.95|55,128,492.65|
|Including: Interest payable|396,333.33|454,333.33|
|Dividend payable|2,018,213.38|2,018,213.38|
|Handling fees and commissions|||
|payable|||
|Reinsurance payable|||
|Contractual liability|||
|Liability held for sale|||
|Non-current liabilities due within one|||
|year|||
|Other current liabilities|||
|Total current liabilities|1,342,135,072.17|1,625,450,507.13|
|Non-current liabilities:|||
|Insurance contract reserve|||
|Long-term loans|||
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Lease liability|||
|Long-term account payable|31,578,947.37||
|Long term employee compensation|||
|payable|||
|Accrued liabilities|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|Deferred income|6,004,873.00|7,296,315.00|
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|37,583,820.37|7,296,315.00|
|Total liabilities|1,379,718,892.54|1,632,746,822.13|
|Owners’ 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|-4,947,638.78|-4,947,588.58|
|Special reserve|||
|Surplus reserve|589,559.77|589,559.77|
|Provision of general risk|||
|Retained profit|-77,562,389.15|-40,726,776.80|
|Total owner’s equity attributable to parent|||
||318,454,065.69|355,289,728.24|
|Company|||
|Minority interests|132,515,528.86|132,707,742.04|
|Total owner’s equity|450,969,594.55|487,997,470.28|
|Total liabilities and owner’s equity|1,830,688,487.09|2,120,744,292.41|

 Legal Representative: Wang Wenkui
Person in charge of accounting works: Cao Xurong
Person in charge of accounting institute: Guan Xiaojian
2. Balance Sheet of Parent Company
In RMB
||||
|-|-|-|
|Items|2019-3-31|2018-12-31|
|Current assets:|||
|Monetary fund|56,502,666.58|80,553,208.65|
|Transactional financial assets|||
|Financial assets measured by fair|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial assets|||
|Note receivable and account|||
||606,175,982.47|593,256,056.62|
|receivable|||
|Including: Notes receivable|1,750,597.00|6,620,178.00|
|Accounts receivable|604,425,385.47|586,635,878.62|
|Account paid in advance|35,631,307.69|155,717,638.43|
|Other account receivable|29,081,708.50|31,077,389.58|
|Including: Interest receivable|||
|Dividends receivable||400,000.00|
|Inventories|100,722,913.59|143,432,315.11|
|Contractual assets|||
|Assets held for sale|||
|Non-current assets maturing within|||
|one year|||
|Other current assets||6,222,172.75|
|Total current assets|828,114,578.83|1,010,258,781.14|
|Non-current assets:|||
|Debt investment|||
|Available-for-sale financial assets|741,953.00|741,953.00|
|Other debt investment|||
|Held-to-maturity investments|||
|Long-term receivables|||
|Long-term equity investments|332,661,301.54|333,367,967.90|
|Investment in other equity instrument|||
|Other non-current financial assets|||
|Investment real estate|||
|Fixed assets|49,677,526.31|50,769,872.87|
|Construction in progress|5,984,113.43|5,839,892.88|
|Productive biological assets|||
|Oil and natural gas assets|||
|Right-of-use assets|||
|Intangible assets|12,113,976.08|12,305,246.69|
|Research and development costs|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|Goodwill|||
|Long-term deferred expenses|3,219,855.60|3,403,376.01|
|Deferred income tax assets|||
|Other non-current assets|||
|Total non-current assets|404,398,725.96|406,428,309.35|
|Total assets|1,232,513,304.79|1,416,687,090.49|
|Current liabilities|||
|Short-term borrowings|376,923,666.67|355,000,000.00|
|Transactional financial liability|||
|Financial liability measured by fair|||
|value and with variation reckoned into|||
|current gains/losses|||
|Derivative financial liability|||
|Notes payable & account payable|415,987,639.83|421,165,578.08|
|Accounts received in advance|10,365,892.25|227,951,168.81|
|Contractual liability|||
|Wage payable|8,429,253.54|7,854,213.23|
|Taxes payable|2,434,099.85|8,674,579.20|
|Other accounts payable|211,886,136.11|187,172,612.82|
|Including: Interest payable|396,333.33|396,333.33|
|Dividend payable|||
|Liability held for sale|||
|Non-current liabilities due within one|||
|year|||
|Other current liabilities|||
|Total current liabilities|1,026,026,688.25|1,207,818,152.14|
|Non-current liabilities:|||
|Long-term loans|||
|Bonds payable|||
|Including: preferred stock|||
|Perpetual capital securities|||
|Lease liability|||
|Long-term account payable|31,578,947.37||
|Long term employee compensation|||
|payable|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|Accrued liabilities|||
|Deferred income|1,000,000.00|1,000,000.00|
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|32,578,947.37|1,000,000.00|
|Total liabilities|1,058,605,635.62|1,208,818,152.14|
|Owners’ equity:|||
|Share capital|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|||
|Special reserve|||
|Surplus reserve|589,559.76|589,559.76|
|Retained profit|-214,099,190.40|-180,137,921.22|
|Total owner’s equity|173,907,669.17|207,868,938.35|
|Total liabilities and owner’s equity|1,232,513,304.79|1,416,687,090.49|

 3. Consolidated Profit Statement
In RMB
||||
|-|-|-|
|Items|Current Period|Last Period|
|I. Total operating income|489,849,942.04|579,271,964.31|
|Including: Operating income|489,849,942.04|579,271,964.31|
|Interest income|||
|Insurance gained|||
|Handling fees and commissions|||
|income|||
|II. Total operating cost|528,854,391.04|612,747,579.19|
|Including: Operating cost|424,463,581.13|514,377,099.03|
|Interest expense|||
|Handling fees and commissions|||
|expenses|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|Cash surrender value|||
|Net amount of expense of|||
|compensation|||
|Net amount of withdrawal of|||
|insurance contract reserve|||
|Bonus expense of guarantee slip|||
|Reinsurance expense|||
|Taxes and surcharge|2,324,283.68|1,923,329.45|
|Sales expenses|47,144,151.90|44,546,793.22|
|Administration expenses|28,850,220.23|26,446,257.64|
|R&D expenses|21,346,015.89|19,996,784.75|
|Financial expenses|4,736,138.21|5,457,315.10|
|Including: interest expenses|5,795,461.12|6,176,061.17|
|Interest income|2,105,888.55|864,447.52|
|Losses of devaluation of asset|-10,000.00||
|Loss of credit impairment|||
|Add: other income|2,711,267.75|4,150,745.06|
|Investment income (Loss is listed with|||
||-706,666.36|-107,597.53|
|“-”)|||
|Including: Investment income on|||
||-706,666.36|-107,597.53|
|affiliated Company and joint venture|||
|Exchange income (Loss is listed with|||
|“-”)|||
|Net exposure hedging income (Loss is|||
|listed with “-”)|||
|Changing income of fair value(Loss is|||
|listed with “-”)|||
|Income on disposal of assets (Loss is|||
|||-5,126,100.94|
|listed with “-”)|||
|III. Operating profit (Loss is listed with “-”)|-36,999,847.61|-34,558,568.29|
|Add: Non-operating income|520,245.99|31,326,075.99|
|Less: Non-operating expense|153,627.60|50,054.69|
|IV. Total Profit (Loss is listed with “-”)|-36,633,229.22|-3,282,546.99|
|Less: Income tax|394,590.73|23,726.77|
|V. Net profit (Net loss is listed with “-”)|-37,027,819.95|-3,306,273.76|
|(i) Classify by business continuity|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|1.continuous operating net profit (net loss|||
||-37,027,819.95|-3,306,273.76|
|listed with ‘-”)|||
|2.termination of net profit (net loss listed|||
|with ‘-”)|||
|(ii) Classify by ownership|||
|1.Net profit attributable to owner’s of|||
||-36,835,612.35|-6,411,052.72|
|parent company|||
|2.Minority shareholders’ gains and losses|-192,207.60|3,104,778.96|
|VI. Net after-tax of other comprehensive income|-55.78|929.55|
|Net after-tax of other comprehensive income|||
||-50.20|836.60|
|attributable to owners of parent company|||
|(I) Other comprehensive income items|||
|which will not be reclassified subsequently to|||
|profit of loss|||
|1.Changes of the defined benefit|||
|plans that re-measured|||
|2.Other comprehensive income|||
|under equity method that cannot be transfer to|||
|gain/loss|||
|3.Change of fair value of investment|||
|in other equity instrument|||
|4.Fair value change of enterprise's|||
|credit risk|||
|5. Other|||
|(II) Other comprehensive income items|||
|which will be reclassified subsequently to profit|-50.20|836.60|
|or loss|||
|1.Other comprehensive income|||
|under equity method that can transfer to gain/loss|||
|2.Change of fair value of other debt|||
|investment|||
|3.gain/loss of fair value changes for|||
|available-for-sale financial assets|||
|4.Amount of financial assets|||
|re-classify to other comprehensive income|||
|5.Gain/loss of held-to-maturity|||
|investments that re-classify to available-for-sale|||
|financial asset|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|6.Credit impairment provision for|||
|other debt investment|||
|7.Cash flow hedging reserve|||
|8.Translation differences arising on|||
|translation of foreign currency financial|-50.20|836.60|
|statements|||
|9.Other|||
|Net after-tax of other comprehensive income|||
||-5.58|92.95|
|attributable to minority shareholders|||
|VII. Total comprehensive income|-37,027,875.73|-3,305,344.21|
|Total comprehensive income attributable|||
||-36,835,662.55|-6,410,216.12|
|to owners of parent Company|||
|Total comprehensive income attributable to|||
||-192,213.18|3,104,871.91|
|minority shareholders|||
|VIII. Earnings per share:|||
|(i) Basic earnings per share|-0.171|-0.030|
|(ii) Diluted earnings per share|-0.171|-0.030|

 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: Wang Wenkui
Person in charge of accounting works: Cao Xurong
Person in charge of accounting institute: Guan Xiaojian
4. Profit Statement of Parent Company
In RMB
||||
|-|-|-|
|Items|Current Period|Last Period|
|I. Operating income|263,755,124.95|368,044,692.84|
|Less: Operating cost|254,695,509.83|350,613,943.72|
|Taxes and surcharge|951,773.87|743,171.53|
|Sales expenses|16,738,670.15|19,536,510.54|
|Administration expenses|15,026,067.94|13,251,744.42|
|R&D expenses|4,382,066.04|5,065,578.41|
|Financial expenses|5,312,840.93|5,448,047.84|
|Including: interest|4,752,280.36|5,444,977.82|

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|expenses|||
|Interest income|354,711.22|79,688.21|
|Losses of devaluation of asset|||
|Loss of credit impairment|||
|Add: other income|250,000.00|226,835.90|
|Investment income (Loss is|||
||-706,666.36|-107,597.53|
|listed with “-”)|||
|Including: Investment income|||
||-706,666.36|-107,597.53|
|on affiliated Company and joint venture|||
|Net exposure hedging income|||
|(Loss is listed with “-”)|||
|Changing income of fair|||
|value(Loss is listed with “-”)|||
|Income on disposal of assets|||
|||-2,858,698.79|
|(Loss is listed with “-”)|||
|II. Operating profit (Loss is listed with|||
||-33,808,470.17|-29,353,764.04|
|“-”)|||
|Add: Non-operating income|45.99|19,326,075.71|
|Less: Non-operating expense|152,845.00|21,448.50|
|III. Total Profit (Loss is listed with “-”)|-33,961,269.18|-10,049,136.83|
|Less: Income tax|||
|IV. Net profit (Net loss is listed with|||
||-33,961,269.18|-10,049,136.83|
|“-”)|||
|(i)continuous operating net profit|||
||-33,961,269.18|-10,049,136.83|
|(net loss listed with ‘-”)|||
|(ii) termination of net profit (net|||
|loss listed with ‘-”)|||
|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 of the defined|||
|benefit plans that re-measured|||
|2.Other comprehensive|||
|income under equity method that cannot|||
|be transfer to gain/loss|||
|3.Change of fair value of|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|investment in other equity instrument|||
|4.Fair value change of|||
|enterprise's credit risk|||
|5. Other|||
|(II) Other comprehensive income|||
|items which will be reclassified|||
|subsequently to profit or loss|||
|1.Other comprehensive|||
|income under equity method that can|||
|transfer to gain/loss|||
|2.Change of fair value of|||
|other debt investment|||
|3.gain/loss of fair value|||
|changes for available-for-sale financial|||
|assets|||
|4.Amount of financial|||
|assets re-classify to other|||
|comprehensive income|||
|5.Gain/loss of|||
|held-to-maturity investments that|||
|re-classify to available-for-sale financial|||
|asset|||
|6.Credit impairment|||
|provision for other debt investment|||
|7.Cash flow hedging|||
|reserve|||
|8.Translation differences|||
|arising on translation of foreign|||
|currency financial statements|||
|9.Other|||
|VI. Total comprehensive income|-33,961,269.18|-10,049,136.83|
|VII. Earnings per share:|||
|(i) Basic earnings per share|-0.16|-0.05|
|(ii) Diluted earnings per share|-0.16|-0.05|

 5. Consolidated Cash Flow Statement
In RMB
||||
|-|-|-|
|Items|Current Period|Last Period|

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling|||
|commodities and providing labor|313,723,579.91|410,981,475.60|
|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|||
|Net cash received by agents in|||
|sale and purchase of securities|||
|Write-back of tax received|2,892,557.39|2,118,858.81|
|Other cash received concerning|||
||4,853,368.01|4,142,311.10|
|operating activities|||
|Subtotal of cash inflow arising from|||
||321,469,505.31|417,242,645.51|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|374,841,060.36|447,735,985.99|
|service|||
|Net increase of customer loans|||
|and advances|||
|Net increase of deposits in central|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|bank and interbank|||
|Cash paid for original insurance|||
|contract compensation|||
|Net increase of financial assets|||
|held for transaction purposes|||
|Net increase of capital lent|||
|Cash paid for interest, commission|||
|charge and commission|||
|Cash paid for bonus of guarantee|||
|slip|||
|Cash paid to/for staff and workers|74,078,941.30|81,033,416.92|
|Taxes paid|26,654,048.04|25,613,995.27|
|Other cash paid concerning|||
||42,326,181.03|44,605,188.74|
|operating activities|||
|Subtotal of cash outflow arising from|||
||517,900,230.73|598,988,586.92|
|operating activities|||
|Net cash flows arising from operating|||
||-196,430,725.42|-181,745,941.41|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
||1,183,862.97||
|investment|||
|Cash received from investment|||
|income|||
|Net cash received from disposal of|||
|fixed, intangible and other long-term|35,500.00|175,660.00|
|assets|||
|Net cash received from disposal of|||
|subsidiaries and other units|||
|Other cash received concerning|||
|||30,000,000.00|
|investing activities|||
|Subtotal of cash inflow from investing|||
||1,219,362.97|30,175,660.00|
|activities|||
|Cash paid for purchasing fixed,|||
||4,473,734.28|3,459,052.75|
|intangible and other long-term assets|||
|Cash paid for investment|||
|Net increase of mortgaged loans|||
|Net cash received from|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|subsidiaries and other units obtained|||
|Other cash paid concerning|||
|investing activities|||
|Subtotal of cash outflow from investing|||
||4,473,734.28|3,459,052.75|
|activities|||
|Net cash flows arising from investing|||
||-3,254,371.31|26,716,607.25|
|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|178,019,010.00|196,510,000.00|
|Cash received from issuing bonds|||
|Other cash received concerning|||
|financing activities|||
|Subtotal of cash inflow from financing|||
||178,019,010.00|196,510,000.00|
|activities|||
|Cash paid for settling debts|119,343,333.33|146,550,000.00|
|Cash paid for dividend and profit|||
||7,480,105.03|4,820,351.16|
|distributing or interest paying|||
|Including: Dividend and profit of|||
|minority shareholder paid by|||
|subsidiaries|||
|Other cash paid concerning|||
||17,463.21||
|financing activities|||
|Subtotal of cash outflow from|||
||126,840,901.57|151,370,351.16|
|financing activities|||
|Net cash flows arising from financing|||
||51,178,108.43|45,139,648.84|
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|17,464.16|-92,357.05|
|exchange rate|||
|V. Net increase of cash and cash|||
||-148,489,524.14|-109,982,042.37|
|equivalents|||
|Add: Balance of cash and cash|||
||201,369,317.42|311,331,284.54|
|equivalents at the period -begin|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|VI. Balance of cash and cash|||
||52,879,793.28|201,349,242.17|
|equivalents at the period -end|||

6. Cash Flow Statement of Parent Company
In RMB
||||
|-|-|-|
|Items|Current Period|Last Period|
|I. Cash flows arising from operating|||
|activities:|||
|Cash received from selling|||
|commodities and providing labor|83,002,514.25|180,148,573.15|
|services|||
|Write-back of tax received||220,972.65|
|Other cash received concerning|||
||36,269,939.44|41,176,795.62|
|operating activities|||
|Subtotal of cash inflow arising from|||
||119,272,453.69|221,546,341.42|
|operating activities|||
|Cash paid for purchasing|||
|commodities and receiving labor|94,788,460.75|220,729,376.07|
|service|||
|Cash paid to/for staff and workers|31,024,038.81|32,774,904.01|
|Taxes paid|12,162,282.33|4,805,842.29|
|Other cash paid concerning|||
||31,399,200.27|19,157,146.01|
|operating activities|||
|Subtotal of cash outflow arising from|||
||169,373,982.16|277,467,268.38|
|operating activities|||
|Net cash flows arising from operating|||
||-50,101,528.47|-55,920,926.96|
|activities|||
|II. Cash flows arising from investing|||
|activities:|||
|Cash received from recovering|||
|investment|||
|Cash received from investment|||
||400,000.00||
|income|||
|Net cash received from disposal of|||
|fixed, intangible and other long-term||175,660.00|
|assets|||
|Net cash received from disposal of|||
|subsidiaries and other units|||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|Other cash received concerning|||
|||18,000,000.00|
|investing activities|||
|Subtotal of cash inflow from investing|||
||400,000.00|18,175,660.00|
|activities|||
|Cash paid for purchasing fixed,|||
||285,426.21|3,151,776.74|
|intangible and other long-term assets|||
|Cash paid for investment|||
|Net cash received from|||
|subsidiaries and other units obtained|||
|Other cash paid concerning|||
|investing activities|||
|Subtotal of cash outflow from investing|||
||285,426.21|3,151,776.74|
|activities|||
|Net cash flows arising from investing|||
||114,573.79|15,023,883.26|
|activities|||
|III. Cash flows arising from financing|||
|activities|||
|Cash received from absorbing|||
|investment|||
|Cash received from loans|128,019,010.00|142,000,000.00|
|Cash received from issuing bonds|||
|Other cash received concerning|||
|financing activities|||
|Subtotal of cash inflow from financing|||
||128,019,010.00|142,000,000.00|
|activities|||
|Cash paid for settling debts|79,333,333.33|115,000,000.00|
|Cash paid for dividend and profit|||
||6,378,775.85|4,756,891.11|
|distributing or interest paying|||
|Other cash paid concerning|||
|financing activities|||
|Subtotal of cash outflow from|||
||85,712,109.18|119,756,891.11|
|financing activities|||
|Net cash flows arising from financing|||
||42,306,900.82|22,243,108.89|
|activities|||
|IV. Influence on cash and cash|||
|equivalents due to fluctuation in|||
|exchange rate|||
|V. Net increase of cash and cash|-7,680,053.86|-18,653,934.81|

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|equivalents|||
|Add: Balance of cash and cash|||
||23,812,669.19|110,026,464.66|
|equivalents at the period -begin|||
|VI. Balance of cash and cash|||
||16,132,615.33|91,372,529.85|
|equivalents at the period -end|||

II. Explanation on financial statement adjustment
1. Financial statement adjustment at the beginning of the first year when implementation of new financial instrument rules, new revenue rules and new leasing rules
√ Applicable□Not applicable
Consolidate balance sheet
In RMB
|||||
|-|-|-|-|
|Items|2018-12-31|2019-1-1|Adjustment|
|Current assets:||||
|Monetary fund|261,938,068.72|261,938,068.72||
|Note receivable and|987,544,115.36|||
|||987,544,115.36||
|account receivable||||
|Including: Notes|46,475,656.01|||
|||46,475,656.01||
|receivable||||
|Accounts|941,068,459.35|||
|||941,068,459.35||
|receivable||||
|Account paid in advance|188,848,712.69|188,848,712.69||
|Other account|33,734,948.67|||
|||33,734,948.67||
|receivable||||
|Inventories|286,972,632.59|286,972,632.59||
|Other current assets|13,497,540.69|13,497,540.69||
|Total current assets|1,772,536,018.72|1,772,536,018.72||
|Non-current assets:||||
|Available-for-sale|741,953.00|||
|||Not applicable|-741,953.00|
|financial assets||||
|Long-term equity|183,244,080.23|||
|||183,244,080.23||
|investments||||
|Other equity instruments||||
||Not applicable|741,953.00|741,953.00|
|investments||||
|Investment real estate|8,397,113.98|8,397,113.98||
|Fixed assets|112,504,807.11|112,504,807.11||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|Construction in progress|9,472,383.76|9,472,383.76|
|Intangible assets|30,285,598.77|30,285,598.77|
|Long-term deferred|3,562,336.84||
|||3,562,336.84|
|expenses|||
|Total non-current assets|348,208,273.69|348,208,273.69|
|Total assets|2,120,744,292.41|2,120,744,292.41|
|Current liabilities|||
|Short-term borrowings|445,010,000.00|445,010,000.00|
|Notes payable &|827,403,870.61||
|||827,403,870.61|
|account payable|||
|Accounts received in|259,545,648.66||
|||259,545,648.66|
|advance|||
|Wage payable|21,132,336.19|21,132,336.19|
|Taxes payable|17,230,159.02|17,230,159.02|
|Other accounts payable|55,128,492.65|55,128,492.65|
|Including: Interest|454,333.33||
|||454,333.33|
|payable|||
|Dividend|2,018,213.38||
|||2,018,213.38|
|payable|||
|Total current liabilities|1,625,450,507.13|1,625,450,507.13|
|Non-current liabilities:|||
|Deferred income|7,296,315.00|7,296,315.00|
|Total non-current liabilities|7,296,315.00|7,296,315.00|
|Total liabilities|1,632,746,822.13|1,632,746,822.13|
|Owners’ equity:|||
|Share capital|215,000,000.00|215,000,000.00|
|Capital public reserve|185,374,533.85|185,374,533.85|
|Other comprehensive|-4,947,588.58||
|||-4,947,588.58|
|income|||
|Surplus public reserve|589,559.77|589,559.77|
|Retained profit|-40,726,776.80|-40,726,776.80|
|Total owner’s equity|355,289,728.24||
|||355,289,728.24|
|attributable to parent|||
|company|||
|Minority interests|132,707,742.04|132,707,742.04|
|Total owner’s equity|487,997,470.28|487,997,470.28|
|Total liabilities and owner’s|2,120,744,292.41|2,120,744,292.41|

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||
|-|
|equity|

Statement of adjustment
Balance Sheet of Parent Company
In RMB
|||||
|-|-|-|-|
|Item|2018-12-31|2019-1-1|Adjustment|
|Current assets:||||
|Monetary fund|80,553,208.65|80,553,208.65||
|Note receivable and|593,256,056.62|||
|||593,256,056.62||
|account receivable||||
|Including: Notes|6,620,178.00|||
|||6,620,178.00||
|receivable||||
|Accounts|586,635,878.62|||
|||586,635,878.62||
|receivable||||
|Account paid in advance|155,717,638.43|155,717,638.43||
|Other account|31,077,389.58|||
|||31,077,389.58||
|receivable||||
|Including: Interest|400,000.00|||
|||400,000.00||
|receivable||||
|Inventories|143,432,315.11|143,432,315.11||
|Other current assets|6,222,172.75|6,222,172.75||
|Total current assets|1,010,258,781.14|1,010,258,781.14||
|Non-current assets:||||
|Available-for-sale|741,953.00|||
|||Not applicable|-741,953.00|
|financial assets||||
|Long-term equity|333,367,967.90|||
|||333,367,967.90||
|investments||||
|Other equity instruments||||
||Not applicable|741,953.00|741,953.00|
|investments||||
|Fixed assets|50,769,872.87|50,769,872.87||
|Construction in progress|5,839,892.88|5,839,892.88||
|Intangible assets|12,305,246.69|12,305,246.69||
|Long-term deferred|3,403,376.01|||
|||3,403,376.01||
|expenses||||
|Total non-current assets|406,428,309.35|406,428,309.35||
|Total assets|1,416,687,090.49|1,416,687,090.49||
|Current liabilities||||
|Short-term borrowings|355,000,000.00|355,000,000.00||

Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
||||
|-|-|-|
|Notes payable &|421,165,578.08||
|||421,165,578.08|
|account payable|||
|Accounts received in|227,951,168.81||
|||227,951,168.81|
|advance|||
|Wage payable|7,854,213.23|7,854,213.23|
|Taxes payable|8,674,579.20|8,674,579.20|
|Other accounts payable|187,172,612.82|187,172,612.82|
|Including: Interest|396,333.33||
|||396,333.33|
|payable|||
|Total current liabilities|1,207,818,152.14|1,207,818,152.14|
|Non-current liabilities:|||
|Deferred income|1,000,000.00|1,000,000.00|
|Total non-current liabilities|1,000,000.00|1,000,000.00|
|Total liabilities|1,208,818,152.14|1,208,818,152.14|
|Owners’ equity:|||
|Share capital|215,000,000.00|215,000,000.00|
|Capital public reserve|172,417,299.81|172,417,299.81|
|Surplus reserve|589,559.76|589,559.76|
|Retained profit|-180,137,921.22|-180,137,921.22|
|Total owner’s equity|207,868,938.35|207,868,938.35|
|Total liabilities and owner’s|1,416,687,090.49||
|||1,416,687,090.49|
|equity|||

Statement of adjustment
2. Retrospective adjustment of the comparative data for initial implementation of new financial instrument rules and new leasing rules
□Applicable√Not applicable
III. Audit report
Whether the 1st quarterly report has been audited or not
□Yes√ No
The 1st quarterly report of the Company was unaudited
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd.
30 April 2019