Nanjing Putian Telecommunications Co., Ltd. Text of 3Q Report of 2018 Stock Code: 200468 Short Form of the Stock: NJTEL-B Notice No.: 2018-064 Nanjing Putian Telecommunications Co., Ltd.
Text of 3Q Report of 2018
Nanjing Putian Telecommunications Co., Ltd. Text of 3Q Report of 2018 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 Cao Xurong 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. Text of 3Q Report of 2018 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
Reasons of retroactive adjustment or re-statement
Accounting errors correction
||||||
|-|-|-|-|-|
|||Period-end of last year||Increase/decrease|
||Current period-end||||
|||Before the adjustment|After the adjustment|After the adjustment|
|Total assets (RMB)|1,990,465,215.00|2,116,312,318.51|2,114,332,229.50|-5.86%|
|Net assets attributable to|331,883,784.26||350,248,482.53||
|shareholders of listed company||352,228,571.54||-5.24%|
|(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)|445,518,808.43|-14.50%|1,412,369,413.38|-7.90%|
|Net profit attributable to|-7,943,829.27||-18,365,534.87||
|shareholders of the listed company||-163.15%||-2,648.81%|
|(RMB)|||||
|Net profit attributable to|||||
|shareholders of the listed company|||||
||-35,974,784.31|-439.16%|-46,396,489.91|-1,161.91%|
|after deducting non-recurring gains|||||
|and losses (RMB)|||||
|Net cash flow arising from|||-251,675,588.51||
||--|--||-28.05%|
|operating activities (RMB)|||||
|Basic earnings per share|-0.037||-0.085||
|||-162.71%||-2,733.33%|
|(RMB/Share)|||||
|Diluted earnings per share|-0.037||-0.085||
|||-162.71%||-2,733.33%|
|(RMB/Share)|||||
|Weighted average ROE|-2.37%|-6.15%|-5.38%|-5.19%|

 Reasons of accounting policy change and accounting error correction
Note: being deliberated and approved by 10th session of 7th BOD held on 13 July 2018, the Annual Report 2017 and Financial Report
of 3Q for 2017 have been corrected in accounting error (found more in the Notice of Correction for Earlier Accounting Errors
released on 14 July 2018)
Items and amount of extraordinary profit (gains)/losses
Nanjing Putian Telecommunications Co., Ltd. Text of 3Q Report of 2018√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 the|||
||28,399,924.88||
|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|||
||5,900,010.07||
|national standards, which are closely relevant to enterprise’s|||
|business)|||
|Gains/losses of debt restructuring|225,371.60||
|Other non-operating income and expenditure except for the|||
||-192,891.95||
|aforementioned items|||
|Less: impact on income tax|221,737.32||
|Impact on minority shareholders’ equity (post-tax)|6,079,722.24||
|Total|28,030,955.04|--|

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|||||
|||8,661|||||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 Potevio|State-owned|53.49%|115,000,000||115,000,000||||

Nanjing Putian Telecommunications Co., Ltd. Text of 3Q Report of 2018
||||||||
|-|-|-|-|-|-|-|
|CompanyLimited|corporate||||||
|GUOTAIJUNANSECURITIES(HONGKONG)LIMITED|Overseascorporate|3.31%|7,114,027|0|||
|ShenwanHongyuanSecurities (HongKong) co., LTD|Overseascorporate|2.41%|5,186,500|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|||
|Wang Xiaoyan|Domestic natureperson|0.60%|1,296,887|0|||
|LI SHERYNZHAN MING|Overseas natureperson|0.53%|1,145,100|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||7,114,027|||Domestically||
||||||listed foreign|7,114,027|
||||||shares||
|Shenwan Hongyuan Securities(Hong Kong) co., LTD||5,186,500|||Domestically||
||||||listed foreign|5,186,500|
||||||shares||
|Zheng Enyue||2,405,739|||Domestically||
||||||listed foreign|2,405,739|
||||||shares||

Nanjing Putian Telecommunications Co., Ltd. Text of 3Q Report of 2018
|||||
|-|-|-|-|
|Sun Huiming|2,007,110|Domestically||
|||listed foreign|2,007,110|
|||shares||
|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||
|Wang Xiaoyan|1,296,887|Domestically||
|||listed foreign|1,296,887|
|||shares||
|LI SHERYN ZHAN MING|1,145,100|Domestically||
|||listed foreign|1,145,100|
|||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. Text of 3Q Report of 2018 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|2018-9-30 (RMB)|2017-12-31 (RMB)|Changed amount (RMB)|+,- (%)|Main reasons for major changes|
|Monetary fund|153,091,055.74|327,477,701.36|-174,386,645.62|-53.25%|Sale capital return declined in theperiod|
|Account paid inadvance|267,127,123.43|53,821,937.79|213,305,185.64|396.32%|Paying the goods with note in theperiod|
|Other receivables|39,077,565.92|29,325,423.73|9,752,142.19|33.25%|Receivable suspense debitsincreased|
|Stock|259,822,219.91|489,898,057.36|-230,075,837.45|-46.96%|Parts of the strock send outgoods in the period with salesresulted|
|Other currentassets|7,387,134.97|45,282,892.44|-37,895,757.47|-83.69%|Products are sale in the period,taxes deductible|
|Construction inprogress|7,145,662.62|2,163,267.89|4,982,394.73|230.32%|Factory construction andre-construction in the period|
|Taxes Payable|9,538,970.12|18,883,017.18|-9,344,047.06|-49.48%|Taxes for the year declined|
|Deferred income|3,996,315.00|8,664,102.90|-4,667,787.90|-53.88%|Part of the government subsidyused for distribute resettlementpersonnel are used in the period,which has originally reconed intodeferred income|
|Undistributedprofit|-64,951,526.51|-46,585,991.64|-18,365,534.87|-39.42%|Net profit of the Company loss(18.37) million Yuan in theperiod|
|Items|From Jan. toSept. of 2018|From Jan. toSept. of 2017|Changed amount (RMB)|+,- (%)|Main reasons for major changes|
|Other income|7,303,121.76|4,414,191.87|2,888,929.89|65.45%|The government subsidy withdarily operation activityconcerned recognized in theperiod increased from a yearearlier|
|Investment income|333,659.41|-849,185.37|1,182,844.78|139.29%|Profit from share-participatedenterprise increased on a y-o-ybasis|

Nanjing Putian Telecommunications Co., Ltd. Text of 3Q Report of 2018
|||||||
|-|-|-|-|-|-|
|Assets disposalincome|28,492,927.93|0.00|28,492,927.93|-|Received expropriationcompensation for part of thehouse of the Company andsubsidiary Bada Communicationare levied by the government inthe period|
|Operating profit|-8,592,622.57|14,676,548.93|-23,269,171.50|-158.55%|1. Affected by centralizedpurchasing of operators, theindustry comes more and morefierce, revenue from productsales are declined, the grossprofit decreased as well;meanwhile, part of theoperational entities haveinfluence on operation forbusiness site removal andrelocation; 2. in reportingperiod, periodic expenses goesup from a year earlier mainlybecause the Company in strandedcondition and reducing the body,internal industrial structure areadjustment and more investmenton R&D|
|Total profit|-4,969,717.67|18,268,473.68|-23,238,191.35|-127.20%||
|Net profit|-6,802,722.33|12,066,927.76|-18,869,650.09|-156.37%||
|Net profitattributable toowners’ of parentcompany|-18,365,534.87|-668,127.00|-17,697,407.87|-2648.81%||
|Income taxexpense|1,833,004.66|6,201,545.92|-4,368,541.26|-70.44%|Profit from subsidiary hasdeclined on a y-o-y basis in theperiod|
|Subtotal cashinflow frominvestmentactivities|35,621,425.52|444,774.40|35,176,651.12|7908.87%|Received expropriationcompensation by the Companyand subsidiary BadaCommunication in the period|
|Net cash flowarising frominvestmentactivities|24,138,218.08|-8,474,958.17|32,613,176.25|384.82%|Net cash flow from investmentactivity increased from a yearearlier for received expropriationcompensation by the Companyand subsidiary BadaCommunication in the period|
|Net cash flowarising fromfinancing activities|-2,745,163.86|-113,109,354.78|110,364,190.92|97.57%|Bank loans in the periodincreased on a y-o-y basis|

II. Progress and influence of the main events as well as solution analysis specification
√Applicable□ Not applicable
Nanjing Putian Telecommunications Co., Ltd. Text of 3Q Report of 2018 Approved by Shenzhen Stock Exchange, the Company return to the market since 15 August 2018, short name of the stock turns to “NJ TEL B” from ST NT B. More details see the reports.
||||
|-|-|-|
|||Information index for temporary report|
|Overview|Date for disclosure||
|||disclosure|
|Stock Resumption Listing Approved byShenzhen Stock Exchange|||
||2018-08-01|Juchao Website (www.cninfo.com.cn)|
|Announcement of Resumption of Listing|2018-08-07|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 2018
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. Trust financing
□ Applicable√ Not applicable
The Company had no trust financing in Period.
VII. Particulars about derivatives investment
□ Applicable√ Not applicable
The Company had no derivatives investment in Period.
VIII. 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.
Nanjing Putian Telecommunications Co., Ltd. Text of 3Q Report of 2018 IX. Guarantee outside against the regulation
□Applicable√Not applicable
The Company had no guarantee outside against the regulation in the reporting period.
X. Non-operational fund occupation from controlling shareholders and its related party□ Applicable√ Not applicable
The Company had no non-operational fund occupation form controlling shareholders and its related party in the period.
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd. 31 October 2018