Summary of the Annual Report 2023 of Nanjing Putian Telecommunications Co., Ltd.
Stock Code:200468 Short Form of the Stock:NJ TEL B Notice No.:2024-008
Summary of the Annual Report 2023 of Nanjing
Putian Telecommunications Co., Ltd.
I. Important notes
The summary of this annual report comes from the full text of the annual report. In order to fully understand the
Company's operating results, financial situation and future development plan, investors should carefully read the
full text of the annual report at the media designated by the CSRC.
All directors attended the board meeting at which this Annual Report was considered.
Prompt of modified audit opinions
□Applicable Not applicable
Proposals for profit distribution or capital increase from provident fund for the reporting period considered by the
Board of Directors
□Applicable Not applicable
The Company planed not to distribute cash dividends and bonus shares, or increase its share capital from
provident fund.
Preferred share profit distribution proposal for the current reporting period adopted by resolution of the Board of
Directors
□Applicable Not applicable
II. Basic information of the Company
1. Company profile
Stock abbreviation NJ TEL B Stock code 200468
Stock exchange Shenzhen Stock Exchange
Secretary of the Board of
Contact persons and contact information Securities representative
Directors
Name Li Jing Dai Yuan
Putian Technology Pioneer Putian Technology Pioneer
Park, No.8 Fenghui Park, No.8 Fenghui
Office address Avenue, Yuhuatai District, Avenue, Yuhuatai District,
Nanjing City, Jiangsu Nanjing City, Jiangsu
Province Province
Fax 86-25-52416518 86-25-52416518
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Summary of the Annual Report 2023 of Nanjing Putian Telecommunications Co., Ltd.
Tel. 86-25-69675805 86-25-69675865
E-mail lijing@postel.com.cn daiyuan@postel.com.cn
2. Brief introduction of major businesses or products during the reporting period
As one of the important providers of products and solutions in the field of information and
communication in China, the Company has adhered to the strategy of "products + solutions +
services" and constantly accelerated product innovation, industrial restructuring, and
transformation and upgrading. The Company and its subsidiaries mainly operate in sectors such
as smart conferencing, smart cabling, smart power distribution, and smart lighting. Their key
products include multimedia communication and application solutions, integrated smart building
solutions, industrial smart power distribution systems, IoT-based grid-connected and solar
energy streetlight control systems, smart optical power distribution solutions, etc. These
products primarily serve large central enterprises, government bodies, and customers from
industries such as finance, electric power, and healthcare.
The subsidiary Nanjing Putian Southern Telecom Co., Ltd. (hereafter referred to as
"Southern Telecom") chiefly offers multimedia communication and application solutions to
central enterprises, government bodies, and other large and medium-sized customers from
industries such as finance and healthcare. The subsidiary Nanjing Putian Telege Intelligent
Building Ltd.(hereafter referred to as “Putian Telege") specializes in delivering medium to high-
end integrated cabling and intelligent building system solutions. The subsidiary Nanjing
Nanman Electrical Co., Ltd. (hereafter referred to as "Nanman Electrical") provides intelligent
power distribution solutions for various scenarios such as rail transit, airports, ports and parks.
The subsidiary Nanjing Putian Datang Information Electronics Co., Ltd. (hereafter referred to
as"Putian Datang") mainly provides customers with solar energy and grid-connected streetlight
controllers, and IoT-based smart streetlight management and control solutions.
The Company mainly obtains business opportunities by participating in project bidding. It
designs, manufactures or purchases equipment required by customers according to project
requirements, and is responsible for installation, commissioning and system integration, and
realizes profits after deducting cost according to contract prices. The Company's operating
performance is mainly affected by the capital expenditure, information technology investments
and bidding results of central enterprises, government agencies, financial institutions, customers
from the rail traffic industry and other industries, as well as fluctuations in raw material prices
and changes in other costs.
3. Main accounting data and financial indicators
(1) Main accounting data and financial indicators in the past three years
Does the Company need to retroactively adjust or restate the accounting data of previous years
□Yes No
Unit: yuan
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Summary of the Annual Report 2023 of Nanjing Putian Telecommunications Co., Ltd.
Increase or decrease at
the end of the current
By the end of 2023 By the end of 2022 year compared with the By the end of 2021
end of the previous
year
Total assets 826,241,412.27 891,390,055.62 -7.31% 993,571,982.44
Net assets attributable
to shareholders of the 5,111,258.66 21,995,336.28 -76.76% 65,187,412.69
listed company
Increase or decrease in
2023 2022 the current year over 2021
the previous year
Operating revenue 818,334,374.30 879,566,048.96 -6.96% 917,129,674.49
Net profit attributable
to shareholders of the -16,884,077.62 -47,390,545.55 64.37% -138,766,373.70
listed company
Net profit attributable
to shareholders of the
listed company after
-23,157,886.24 -51,234,544.29 54.80% -141,603,716.82
deducting non-
recurring profits and
losses
Net cash flow from
-6,017,650.03 -30,726,510.39 80.42% -61,717,528.76
operating activities
Basic earnings per
-0.080 -0.220 63.64% -0.650
share (yuan/share)
Diluted earnings per
-0.080 -0.220 63.64% -0.650
share (yuan/share)
Weighted average
-124.58% -114.39% -10.19% -105.00%
return on net assets
(2) Main accounting data by quarter
Unit: yuan
Q1 Q2 Q3 Q4
Operating revenue 178,539,354.70 214,000,522.99 188,206,576.44 237,587,920.17
Net profit attributable
to shareholders of the -9,934,009.57 -1,027,887.35 -5,783,929.78 -138,250.92
listed company
Net profit attributable
to shareholders of the
listed company after
-9,495,883.88 -3,027,854.09 -5,657,847.85 -4,976,300.42
deducting non-
recurring profits and
losses
Net cash flow from
-104,103,173.88 18,020,690.41 -30,038,788.44 110,103,621.88
operating activities
Whether the above financial indicators or the sum of them are significantly different from the relevant financial
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Summary of the Annual Report 2023 of Nanjing Putian Telecommunications Co., Ltd.
indicators in the quarterly report and semi-annual report disclosed by the Company
□Yes No
4. Share capital and shareholders
(1) Number of ordinary shareholders and preferred shareholders whose voting rights are restored and the
shareholding status of the top 10 shareholders
Unit: share
Total number
Total Total
of preferred
number of number of
shareholders
ordinary preferred
whose voting
shareholder shareholde
Total number of rights were
s at the end rs whose
common restored at
of last voting
shareholders at the 7,650 7,657 0 the end of 0
month rights were
end of the reporting the previous
before the restored at
period month before
disclosure the end of
the
date of the the
disclosure
annual reporting
date of the
report period
annual report
Shareholding of the top 10 shareholders (excluding shares lent through refinancing)
Type of Pledge, marking or
Shareholdin Number of Number of non-tradable freezing
Shareholder name shareholde
g ratio shares held shares held
r Shares status Quantity
State-
CETC Glarun owned Not
53.49% 115,000,000 115,000,000 0
Group Co., Ltd. legal applicable
person
Shenwan Hongyuan Overseas
Not
Securities (H.K.) legal 2.55% 5,476,788.00 0 0
applicable
Ltd. person
Natural
Not
He Wei person in 1.44% 3,104,600.00 0 0
applicable
China
GUOTAI JUNAN
SECURITIES Overseas
Not
(HONGKONG) legal 1.28% 2,747,797.00 0 0
applicable
LIMITED person
Natural
Zheng Enyue Not
person in 1.14% 2,449,739.00 0 0
applicable
China
Natural
Sun Huiming Not
person in 0.94% 2,022,200.00 0 0
applicable
China
Natural
Not
Gu Jinhua person in 0.87% 1,871,371.00 0 0
applicable
China
Li Mingling Natural 0.54% 1,168,820.00 0 Not 0
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Summary of the Annual Report 2023 of Nanjing Putian Telecommunications Co., Ltd.
person in applicable
China
Natural
Not
Zhen Hongquan person in 0.47% 1,010,900.00 0 0
applicable
China
Natural
Not
Xiang Yan person in 0.42% 905,602.00 0 0
applicable
China
Description of the above- Among the top 10 shareholders, CETC Glarun Group Co., Ltd. was not related to other
mentioned shareholders' shareholders and was not a party acting in concert. The Company did not know whether
association or concerted actions other shareholders were related to each other or were parties acting in concert.
Description of shareholders
participating in margin financing
None
and securities lending business (if
any)
Details of the top ten shareholders’ participation in share lending through refinancing business
□Applicable Not applicable
Changes in the composition of the top ten shareholders
□Applicable Not applicable
(2) Total number of preferred shareholders of the Company and the shareholding status of the top 10
preferred shareholders
□Applicable Not applicable
During the reporting period, there was no shareholding of preferred shareholders.
(3) Disclosure of the ownership and control relationship between the Company and the actual controller in
the form of a block diagram
State-owned Assets Supervision and
Administration Commission of the
State Council
100%
China Electronics Technology Group
Corporation
100%
CETC Glarun Group Co., Ltd.
53.49%
Nanjing Putian Telecommunications
Co., Ltd.
5. Bonds existing on the date of approval of the annual report
□Applicable Not applicable
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Summary of the Annual Report 2023 of Nanjing Putian Telecommunications Co., Ltd.
III. Important matters
The year 2023 marks the beginning of the comprehensive implement of the guiding
principles of the 20th CPC National Congress. It is an important year to connect the preceding
with the following in the implementation of the “14th Five-Year Plan”, and a crucial year for the
Company to fully integrate into CETC Glarun. In response to emerging historical opportunities
and challenges, the Company optimized its industrial layout, concentrated on its core businesses
and responsibilities, and integrated research and development, production, and sales processes.
By strengthening centralized control at its headquarters, it has fostered a synergy effect, thereby
enhancing operational quality and benefits. Firstly, the Company further refined its industrial
configuration, actively seeking out key customers in pivotal sectors. It continued to enhance its
strengths in smart cabling, smart conferencing, smart power distribution, and smart lighting,
while exiting low-margin businesses to boost financial performance. It vigorously acquired key
customers such as central enterprises and those in the financial and energy industries, and
explored opportunities in the military sector. Secondly, the Company escalated its investment in
technological innovation to fortify its core competitiveness. During the reporting period, the
Company pursued an innovation-driven strategy, continuously bolstered its core technologies,
filed for 26 new patents, and secured 16 new software copyrights. It received approval for 9 new
patents and secured 17 new software copyrights, participated in drafting 2 national and 2
industry standards, passed certification for 18 products, and completed the R&D of 13
innovative technology projects. For the 19th consecutive year, its subsidiary Putian Telege
maintained its third-place ranking among the "Top Ten Integrated Cabling Brands" and was
recognized as a "specialized, refined, characteristic, and innovative" enterprise in Jiangsu
Province. Its subsidiary Southern Telecom is leveraging its video conferencing and conference
room integration businesses to boost sales of its independently controlled Ruijing software and
hardware products, thereby developing differentiated solutions. As a distinguished agent for
Huawei's audio and video conferencing products, the company is deepening its strategic
collaboration with Huawei in the smart collaboration market. Its subsidiary Nanman Electrical
has obtained the Weapon Equipment Quality Management System Certification and the
"Leading Brand of China Electrical Industry" honor. It passed the re-evaluation as a
“Technology-based SME" and "Innovative SME" in Jiangsu Province in 2023. Its subsidiary
Putian Datang passed the re-certification of “Software Enterprise with Registered Software
Products" in 2023, and launched new products such as grid-connected complementary energy-
saving controllers and smart city comprehensive management platform. Thirdly, the Company
was deeply engaged in reform and innovation to substantially enhance operational quality. It
strengthened internal management, ramping up efforts to streamline inefficient subsidiaries,
recovering accounts receivable and clearing inventory debts, strengthening cost control,
revitalizing inefficient and idle assets, and fostering its stable and sustainable growth. During the
reporting period, the Company realized operating revenue of 818.33 million yuan, and the net
profit attributable to shareholders of the listed company was -16.88 million yuan, a decrease of
30.51 million yuan compared with the same period of the previous year.
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Summary of the Annual Report 2023 of Nanjing Putian Telecommunications Co., Ltd.
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd.
April30, 2024
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