Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
Nanjing Putian Telecommunications Co., Ltd.
First Quarterly Report 2019
April 2019
1
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.
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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
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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 by Q&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 in Q&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 in Q&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
shareholders at the end of report 8,979 0
period end of reporting period (if
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
State-owned
China Potevio 53.49% 115,000,000 115,000,000
corporation
GUOTAI
JUNAN
Foreign
SECURITIES(H 2.70% 5,815,277 0
corporation
ONGKONG)
LIMITED
Shenwan
Hongyuan Foreign
2.46% 5,296,500 0
Securities (Hong corporation
Kong) Co., LTD.
Domestic nature
Zheng Enyue 1.14% 2,443,939 0
person
Domestic nature
Sun Huiming 0.93% 2,007,110 0
person
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
Guosen Securities
Foreign
(H.K.) Broker 0.88% 1,901,882 0
corporation
Co., Ltd.
Domestic nature
Gu Jinhua 0.87% 1,862,371 0
person
BOCI
Foreign
SECURITIES 0.68% 1,466,945 0
corporation
LIMITED
LI SHERYN Foreign nature
0.51% 1,100,000 0
ZHAN MING person
Domestic nature
Wang Xiaoyan 0.51% 1,094,400 0
person
The top ten circulation shareholders shareholdings
Type of shares
Shareholder’s name Amount of listed circulation shares held
Type Amount
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 5,815,277 listed foreign 5,815,277
LIMITED shares
Domestically
Shenwan Hongyuan Securities
5,296,500 listed foreign 5,296,500
(Hong Kong) Co., LTD.
shares
Domestically
Zheng Enyue 2,443,939 listed foreign 2,443,939
shares
Domestically
Sun Huiming 2,007,110 listed foreign 2,007,110
shares
Domestically
Guosen Securities (H.K.) Broker
1,901,882 listed foreign 1,901,882
Co., Ltd.
shares
Domestically
Gu Jinhua 1,862,371 listed foreign 1,862,371
shares
Domestically
BOCI SECURITIES LIMITED 1,466,945 listed foreign 1,466,945
shares
Domestically
LI SHERYN ZHAN MING 1,100,000 listed foreign 1,100,000
shares
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2019
Domestically
Wang Xiaoyan 1,094,400 listed foreign 1,094,400
shares
Domestically
Jin Yunhua 950,162 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
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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
Amount of changes Changes ratio
Item 2019-3-31(RMB) 2018-12-31(RMB) Reasons of great changes
(RMB) (%)
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
Amount of changes Changes ratio
Jan-Mar 2019 (RM Jan-Mar 2018 (RM
Reasons of great changes
B) B) (RMB) (%)
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
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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 attributable -36,835,612.35 -6,411,052.72 -30,424,559.63 -474.56% from telecom operators and
to owners of parent industry customers, as well
company 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 cash 1,219,362.97 30,175,660.00 -28,956,297.03 -95.96% At same period last year,
inflow from received major amount of
investment activity housing compensation
Net cash flow from -3,254,371.31 26,716,607.25 -29,970,978.56 -112.18% At same period last year,
investment activity
received major amount of
housing compensation
Net increase in cash -148,489,524.14 -109,982,042.37 -38,507,481.77 -35.01% Cash flow arising from
and cash equivalents 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
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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
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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,
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
21
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
22
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
23
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
24
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
25
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
26
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
27
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
28
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
attributable to parent 355,289,728.24 355,289,728.24
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
29
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
30
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
31