Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
Stock Code: 200468 Short Form of the Stock: NJ TEL B Notice No.: 2024-052
Nanjing Putian Telecommunications Co., Ltd.
The Third Quarterly Report for 2024
The Company and all members of the Board of Directors hereby guarantee that the information disclosed is true, accurate and
complete, containing no false records, misleading statements or material omissions.
Important tips:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior executives of the Company guarantee the
truthfulness, accuracy and completeness of the quarterly report, ensure that there are no false records, misleading statements or
material omissions, and they will be held individually and jointly liable for any legal liability that may arise.
2. The person in charge of the Company, the person in charge of accounting, and the person in charge of the accounting firm
(accounting supervisor) declare that they guarantee the truthfulness, accuracy and completeness of the financial information
represented in this quarterly report.
3. Has the Report for the Third Quarter been audited?
□Yes No
I. Main financial data
(I) Main accounting data and financial indicators
Does the Company need to retroactively adjust or restate the accounting data of previous years
□Yes No
Amount from the
Amount of the beginning of the year
Amount from the
reporting period to the end of the
Amount of the beginning of the year
increased or decreased reporting period
reporting period to the end of the
over the same period of increased or decreased
reporting period
the previous year (%) over the same period of
the previous year
Operating revenue (yuan) 157,284,170.42 -16.43% 506,270,411.34 -12.82%
Net profit attributable to
shareholders of the listed -11,360,904.32 -96.42% -20,818,714.86 -24.32%
company (yuan)
Net profit attributable to
shareholders of the listed
-11,504,303.34 -103.33% -23,401,706.99 -28.71%
company after deducting
non-recurring gains and
1
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
losses (yuan)
Net cash flow from
— — -164,984,109.16 -42.08%
operating activities (yuan)
Basic earnings per share
-0.053 -95.71% -0.097 -24.36%
(yuan/share)
Diluted earnings per share
-0.053 -95.71% -0.097 -24.36%
(yuan/share)
Weighted average return
61.70% 132.74% 193.87% 316.80%
on net assets
Amount at the end Amount at the end of the reporting period
Amount at the end of
of the reporting increased or decreased over the end of the
the previous year
period previous year (%)
Total assets (yuan) 873,988,536.18 826,241,412.27 5.78%
Owners' equity
attributable to
-17,844,580.98 5,111,258.66 -449.12%
shareholders of the list
company (yuan)
(II) Non-recurring profit and loss items and amounts
Applicable □Not applicable
Unit: yuan
Amount from the beginning
Amount of the
Item of the year to the end of the Remarks
reporting period
reporting period
Profits and losses on disposal of non-
current assets (including the write-off
0.00 -468.86
part of the provision for impairment of
assets)
Government subsidies included in the
current profits and losses (except those
closely related to the Company's
normal business operations, and those
7,213.82 1,113,746.06
conforming to national policies,
enjoyed according to certain standards,
and having a continuous impact on the
Company's profits and losses)
Profit and loss of debt restructuring 105,416.01 1,136,849.23
Other non-operating revenue and
15,494.83 1,556,708.29
expenses other than the above items
Less: Affected amount of revenue tax -617.64 755,554.69
Affected amount of minority
-14,656.72 468,287.90
shareholders' equity (after tax)
Total 143,399.02 2,582,992.13 --
Details of other profit and loss items that comply with the definition of non-recurring profit and loss:
□Applicable Not applicable
The Company had no other profit and loss items that comply with the definition of non-recurring profit and loss
Explanation of defining the non-recurring profit and loss items listed in the Explanatory Announcement No.1 on Information
Disclosure by Companies with Public Securities Offerings - Non-recurring Profits and Losses as recurring profit and loss items
□Applicable Not applicable
The Company does not define the non-recurring profit and loss items listed in the Explanatory Announcement No.1 on
Information Disclosure by Companies with Public Securities Offerings as recurring profit and loss items.
2
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
(III) Changes in major accounting data and financial indicators and the reasons
Applicable □Not applicable
During the reporting period, the operating revenue declined by 16.43% over the same period of the previous
year. The main cause is the external economic environment since the beginning of 2024, which led to delayed
investments from key customers in certain industries and postponements in project execution and settlement,
and resulted in a decrease in sales revenue compared to the same period of the previous year. As of the end of
September, the Company held contracts valued at approximately 253 million yuan, reflecting a slight increase
compared to the same period of the previous year.
During the reporting period, the net profit attributable to shareholders of the listed company decreased by 96.42%
over the same period of the previous year, mainly due to the decline in sales revenue compared to the same
period of the previous year.
During the reporting period, the net profit attributable to shareholders of the listed company, after excluding
non-recurring gains and losses, dropped by 103.33% over the same period of the previous year, primarily due to
the reduction in the net profit attributable to the shareholders of the listed company after excluding non-
recurring gains and losses when compared to the same period of the previous year.
From the beginning of the year to the end of the reporting period, the net cash flow from operating activities
decreased by 42.08% compared to the same period of the previous year. The main cause is the challenging
external economic environment, which led to liquidity shortages of certain customers, and resulted in a
reduction in cash received from the sale of goods and the provision of services when compared to the same
period of the previous year.
During the reporting period, the basic earnings per share decreased by 95.71% when compared to the same
period of the previous year. This decrease is mainly attributed to the reduction in the net profit attributable to
shareholders of the listed company when compared to the same period of the previous year.
During the reporting period, the diluted earnings per share decreased by 95.71% when compared to the same
period of the previous year. This decrease is mainly attributed to the reduction in the net profit attributable to
shareholders of the listed company when compared to the same period of the previous year.
During the reporting period, the weighted average return on net assets during the reporting increased by 132.74%
when compared to the same period of the previous year. The main cause is that the net profit attributable to
shareholders of the listed company and the owners' equity attributable to shareholders of the listed company at
the end of the reporting period were negative.
From the beginning of the year to the end of the reporting period, the weighted average return on net assets
increased by 316.80% when compared to the same period of the previous year. The main cause is that the net
profit attributable to shareholders of the listed company and the owners' equity attributable to shareholders of
the listed company at the end of the reporting period were negative.
The owners' equity attributable to shareholders of the listed company decreased by 449.12% when compared to
the end of the previous year, mainly due to cumulative operating losses and the corresponding decrease in
owners' equity attributable to shareholders of the listed company at the end of the reporting period.
II. Information about shareholders
(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights are
restored, and the shareholding status of the top ten shareholders
Unit: share
3
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
Total number of common
Total number of preferred shareholders whose voting
shareholders at the end of the 7,054 0
rights were restored at the end of the reporting period
reporting period
Shareholding of the top 10 shareholders (excluding shares lent through refinancing)
Number of non- Pledge, marking or freezing
Shareholder Type of Shareholding Number of
tradable shares
name shareholder ratio shares held Shares status Quantity
held
CETC Glarun State-owned
53.49% 115,000,000.00 115,000,000.00 Not applicable 0
Group Co., Ltd. legal person
Natural person
He Wei 1.81% 3,888,800.00 0 Not applicable 0
in China
Shenwan
Hongyuan Overseas legal
1.40% 3,007,288.00 0 Not applicable 0
Securities person
(H.K.) Ltd.
Natural person
Zheng Enyue 1.14% 2,449,739.00 0 Not applicable 0
in China
Natural person
Gu Jinhua 0.87% 1,871,371.00 0 Not applicable 0
in China
Zhen Natural person
0.56% 1,196,500.00 0 Not applicable 0
Hongquan in China
Natural person
Li Mingling 0.55% 1,176,420.00 0 Not applicable 0
in China
Natural person
Peng Hexin 0.53% 1,128,800.00 0 Not applicable 0
in China
China
Merchants Overseas legal
0.47% 1,013,313.00 0 Not applicable 0
Securities (HK) person
Co., Ltd.
Natural person
Chen Rulei 0.47% 1,000,000.00 0 Not applicable 0
in China
Shareholding of the top 10 tradable share holders (excluding shares lent through refinancing and shares locked by senior
executives)
Type and quantity of shares
Shareholder name Number of listed and tradable shares held
Type of shares Quantity
Domestic listed
He Wei 3,888,800.00 3,888,800.00
foreign shares
Shenwan Hongyuan Securities Domestic listed
3,007,288.00 3,007,288.00
(H.K.) Ltd. foreign shares
Domestic listed
Zheng Enyue 2,449,739.00 2,449,739.00
foreign shares
Domestic listed
Gu Jinhua 1,871,371.00 1,871,371.00
foreign shares
Domestic listed
Zhen Hongquan 1,196,500.00 1,196,500.00
foreign shares
Domestic listed
Li Mingling 1,176,420.00 1,176,420.00
foreign shares
Domestic listed
Peng Hexin 1,128,800.00 1,128,800.00
foreign shares
China Merchants Securities (HK) Domestic listed
1,013,313.00 1,013,313.00
Co., Ltd. foreign shares
Domestic listed
Chen Rulei 1,000,000.00 1,000,000.00
foreign shares
Domestic listed
Chen Ren 962,000.00 962,000.00
foreign shares
Description of the above-mentioned shareholders' Among the above-mentioned shareholders, CETC Glarun Group Co.,
association or concerted actions Ltd. was not related to other shareholders and was not a party acting in
4
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
concert. The Company did not know whether other shareholders were
related to each other or were parties acting in concert.
Explanation of top 10 shareholders participating in
margin financing and securities lending business (if N/A
any)
Note: As of the end of the reporting period, the special securities repurchase account of Nanjing Putian Telecommunications Co.,
Ltd. held 2,099,752 tradable shares, accounting for 0.98% of the Company's total shares.
Participation in share lending through refinancing business by shareholders holding more than 5% of shares, the top 10
shareholders, and the top 10 holders of unlimited tradable shares
□Applicable Not applicable
Changes occurred since the last period due to share lending/returning through refinancing business by the top 10 shareholders and
the top 10 holders of unlimited tradable shares
□Applicable Not applicable
(II) Total number of preferred shareholders of the Company and the shareholding status of the top 10
preferred shareholders
□Applicable Not applicable
III. Other significant matters
Applicable □Not applicable
1. On October 16, 2024, the Company convened the 20th meeting of the 8th Board of Directors and approved
the "Proposal on the Transfer of 50.7% Equity of Nanjing Putian Changle Communication Equipment Co.,
Ltd.," authorizing the public listing and transfer of its 50.7% equity in Nanjing Putian Changle Communication
Equipment Co., Ltd., with an initial listing price not lower than 4.0589 million yuan. For further details, please
refer to the Announcement of the Resolutions of the 20th Meeting of the 8th Board of Directors (Announcement
No. 2024-049) and the Announcement on the Public Listing and Transfer of a Holding Subsidiary's Equity
(Announcement No. 2024-050) disclosed by the Company.
2. The Company is actively pursuing a major asset restructuring and related-party transaction, involving the
transfer of 100% equity in Nanjing Nanman Electrical Co., Ltd. Currently, the due diligence, audit, and
valuation processes related to the transaction have been largely completed. For detailed information, please
refer to the Indicative Announcement of Nanjing Putian Telecommunications Co., Ltd. on Planning a Major
Asset Restructuring and Related-Party Transaction (Announcement No. 2024-039) disclosed on July 23, 2024,
as well as the Progress Announcements of Nanjing Putian Telecommunications Co., Ltd. on Planning a Major
Asset Restructuring and Related-Party Transaction (Announcements No. 2024-042, No. 2024-046, No. 2024-
051) disclosed on August 22, September 21, and October21, 2024.
IV. Quarterly financial statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Nanjing Putian Telecommunications Co., Ltd.
September 30, 2024
Unit: yuan
5
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
Item Closing balance Opening balance
Current assets:
Monetary capital 72,377,823.06 178,290,844.21
Settlement reserve
Lending funds
Trading financial assets
Derivative financial assets
Notes receivable 18,799,484.44 23,492,416.53
Accounts receivable 425,743,472.47 301,618,359.27
Financing with accounts receivable 8,281,195.28 32,347,277.62
Prepayments 10,277,319.86 10,184,683.74
Premium receivable
Reinsurance accounts receivable
Provision for reinsurance contract
receivable
Other receivables 10,101,770.88 8,103,021.44
Including: interest receivable
Dividend receivable
Financial assets bought for resale
Inventories 180,424,136.28 122,698,778.26
Including: Data resources
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 5,627,246.41 3,490,759.90
Total current assets 731,632,448.68 680,226,140.97
Non-current assets:
Loans and advances
Investments in bonds
Other investments in bonds
Long-term receivables
Long-term equity investment 10,412,622.64 10,412,689.14
Other equity instrument investments 741,953.00 741,953.00
Other non-current financial assets
Investment real estate 18,259,014.90 19,127,078.75
Fixed assets 89,350,365.46 93,754,100.19
Construction in progress 5,906.53
Productive biological assets
Oil and gas assets
Right-of-use assets 2,512,945.12
Intangible assets 19,083,770.76 19,632,871.51
Including: Data resources
Development expenditure
Including: Data resources
Goodwill
Long-term unamortized expenses 1,995,415.62 2,299,773.18
Deferred income tax assets
Other non-current assets 40,899.00
Total non-current assets 142,356,087.50 146,015,271.30
Total assets 873,988,536.18 826,241,412.27
Current liabilities:
Short loan 135,926,680.27 69,863,323.93
Loans from the central bank
Loans from other banks
Trading financial liabilities
6
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
Derivative financial liabilities
Notes payable 43,777,398.39 9,662,303.80
Accounts payable 373,339,095.82 397,593,766.27
Accounts received in advance 452,216.54
Contract liability 20,653,800.50 16,720,781.30
Financial assets sold under repurchase
agreements
Deposits from customers and
interbank
Receivables from vicariously traded
securities
Receivables from vicariously sold
securities
Employee remuneration payable 17,297,451.40 17,771,367.37
Taxes payable 728,228.73 5,630,992.31
Other payables 43,264,800.99 47,119,742.53
Including: interest payable
Dividend payable 4,000,000.00 5,692,213.38
Service charges and commissions
payable
Reinsurance accounts payable
Liabilities held for sale
Non-current liabilities due within one
year
Other current liabilities 2,684,994.06 1,595,107.01
Total current liabilities 637,672,450.16 566,409,601.06
Non-current liabilities:
Insurance contract reserves
Long-term loans 175,800,000.00 176,011,976.11
Bonds payable
Including: Preferred shares
Perpetual bond
Lease liabilities 2,173,475.31
Long-term payables
Long-term remuneration payable
Estimated liabilities
Deferred income
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 177,973,475.31 176,011,976.11
Total liabilities 815,645,925.47 742,421,577.17
Owners' equity:
Share capital 215,000,000.00 215,000,000.00
Other equity instruments
Including: preferred shares
Perpetual bond
Capital reserves 197,955,867.58 197,097,915.40
Less: Treasury shares 2,995,076.96
Other comprehensive income -1,854,910.00 -1,854,910.00
Special reserves
Surplus reserves 589,559.77 589,559.77
Provision for general risks
Undistributed profits -426,540,021.37 -405,721,306.51
Total owners' equity attributable to
-17,844,580.98 5,111,258.66
parent company
Minority shareholders' equity 76,187,191.69 78,708,576.44
Total owners' equity 58,342,610.71 83,819,835.10
7
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
Total liabilities and owners' equity 873,988,536.18 826,241,412.27
Legal representative: Li Langping Person in charge of accounting: Liao Rongchao Person in charge of the accounting firm:
Zhang Jingxia
2. Consolidated income statement for the period from the beginning of the year to the end of the
reporting period
Unit: yuan
Item Amount in the current period Amount in the previous period
I. Total operating revenue 506,270,411.34 580,746,454.13
Including: operating revenue 506,270,411.34 580,746,454.13
Interest income
Premiums earned
Income from service charges
and commissions
II. Total operating costs 523,892,432.95 587,564,264.81
Including: operating costs 390,362,856.92 442,360,165.02
Interest expense
Expenses for service charges
and commissions
Surrender
Net payments for insurance
claims
Net amount withdrawn for
insurance liability reserves
Bond insurance expense
Reinsurance costs
Taxes and surcharges 3,322,944.49 3,746,893.08
Sales expenses 54,749,234.54 59,158,234.72
Management expenses 42,643,699.01 46,842,109.30
Research and development
25,970,700.19 29,139,789.98
expenses
Financial expenses 6,842,997.80 6,317,072.71
Including: Interest expense 7,332,903.68 6,296,226.67
Interest income 568,499.39 305,990.82
Plus: Other income 2,843,971.32 1,899,478.78
Investment income (“-” for
1,101,296.89 303,027.78
losses)
Including: Income from
investment in associated enterprises and
joint ventures
Income from
derecognition of financial assets
measured at amortized cost
Exchange profits ("-" for losses)
Income from net exposure
hedging (“-” for losses)
Income from changes in fair
value (“-” for losses)
8
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
Credit impairment losses ("-" for
1,171,120.30 759,998.97
losses)
Asset impairment losses ("-" for
-1,497.98
losses)
Asset disposal income ("-" for
-468.86 -67,389.77
losses)
III. Operating profit ("-" for losses) -12,507,599.94 -3,922,694.92
Plus: Non-operating revenue 2,962,430.59 346,155.00
Less: Non-operating expenditure 1,405,722.30 878,080.57
IV. Total profit ("-” for total losses) -10,950,891.65 -4,454,620.49
Less: Income tax expense 2,376,869.14 2,276,311.16
V. Net profit (“-” for net losses) -13,327,760.79 -6,730,931.65
(I) Classification by business
continuity
1. Net profit from continuing
-13,327,760.79 -6,730,931.65
operations (“-” for net losses)
2. Net profit from discontinuation of
operation (“-” for net losses)
(II) Classification by ownership
1. Net profit attributable to
shareholders of the parent company (“-” -20,818,714.86 -16,745,826.70
for net losses)
2. Profit and loss of minority
7,490,954.07 10,014,895.05
shareholders ("-" for net losses)
VI. Net after-tax amount of other
comprehensive income
Net after-tax amount of other
comprehensive income attributable to the
owner of the parent company
(I) Other comprehensive income
that cannot be reclassified into profits
and losses in the future
1. Changes in remeasurement of
defined benefit plans
2. Other comprehensive income
that cannot be transferred to profits and
losses under the equity method
3. Changes in fair value of other
equity instruments
4. Changes in fair value of the
Company’s credit risks
5. Others
(II) Other comprehensive income
that can be reclassified into profits and
losses in the future
1. Other comprehensive income
that can be transferred to profits and
losses under the equity method
2. Changes in fair value of other
investments in bonds
3. Amount of financial assets
reclassified into other comprehensive
income
4. Credit depreciation reserves of
the other investments in bonds
5. Reserves for cash flow hedging
6. Exchange differences on
9
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
translation of foreign currency financial
statements
7. Others
Net after-tax amount of other
comprehensive income attributable to
minority shareholders
VII. Total comprehensive income -13,327,760.79 -6,730,931.65
(I) Total comprehensive income
attributable to owners of the parent -20,818,714.86 -16,745,826.70
company
(II) Total comprehensive income
7,490,954.07 10,014,895.05
attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share -0.097 -0.078
(II) Diluted earnings per share -0.097 -0.078
For a consolidation of enterprises under the same control, the net profit realized by the consolidated enterprise before the
consolidation was XXX yuan, and XXX yuan for the prior period.
Legal representative: Li Langping Person in charge of accounting: Liao Rongchao Person in charge of the accounting firm:
Zhang Jingxia
3. Consolidated cash flow statement for the period from the beginning of the year to the end of the
reporting period
Unit: yuan
Item Amount in the current period Amount in the previous period
I. Cash flow from operating activities:
Cash received from selling goods and
406,533,105.10 490,062,539.42
providing labor services
Net increase in customer deposits and
interbank deposits
Net increase in borrowings from the
central bank
Net increase in funds borrowed from
other financial institutions
Cash received from the original
insurance contract premium
Net cash received from reinsurance
operations
Net increase in policyholder deposits
and investment funds
Cash received from interests, service
charges and commissions
Net increase in borrowed funds
Net increase in repurchase funds
Net cash received from securities
trading brokerage business
Refund of tax and levies 1,936,263.82 2,086,193.98
Cash received relating to other
76,901,621.23 44,934,535.71
operating activities
Subtotal of cash inflow from operating
485,370,990.15 537,083,269.11
activities
Cash paid for purchasing goods and
407,540,129.33 425,988,579.55
receiving labor services
10
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
Net increase in customer loans and
advances
Net increase in deposits with central
bank and interbank
Cash for paying original insurance
contract compensation
Net increase in lending funds
Cash for paying interests, service
charges and commissions
Cash for paying policy dividends
Cash paid to and for employees 113,614,822.54 126,900,128.31
Various taxes paid 23,602,428.35 31,646,012.19
Payment of other payments related to
105,597,719.09 68,669,820.97
business activities
Subtotal of cash outflow from operating
650,355,099.31 653,204,541.02
activities
Net cash flow from operating activities -164,984,109.16 -116,121,271.91
II. Cash Flow from Investing Activities:
Cash from disinvestment
Cash from investment income
Net cash received from disposal of
fixed assets, intangible assets and other 40.00 2,800.00
long-term assets
Net cash received from disposal of
subsidiaries and other business entities
Cash received from other investment
related activities
Subtotal of cash inflow from investing
40.00 2,800.00
activities
Cash paid for the purchase and
construction of fixed assets, intangible 1,080,085.68 2,076,902.07
assets and other long-term assets
Cash paid for investment
Net increase in pledged loans
Net cash paid to obtain subsidiaries
and other business entities
Cash paid for other investment related
3,609,938.47
activities
Subtotal of cash outflow from investing
4,690,024.15 2,076,902.07
activities
Net cash flow from investing activities -4,689,984.15 -2,074,102.07
III. Cash flow from financing activities:
Cash received from accepting
investment
Including: cash received by
subsidies from minority shareholders'
investments
Cash received from borrowings 138,426,680.27 146,000,000.00
Cash from other financing related
25,555.55
activities
Subtotal of cash inflow from financing
138,426,680.27 146,025,555.55
activities
Cash paid for debt repayment 64,547,019.95 111,800,000.00
Cash paid for distributing dividends,
16,726,798.47 7,030,198.79
profits or paying interest
11
Report for the Third Quarter of 2024 of Nanjing Putian Telecommunications Co., Ltd.
Including: dividends and profits
paid by subsidiaries to minority
shareholders
Cash paid for other financing related
activities
Subtotal of cash outflow from financing
81,273,818.42 118,830,198.79
activities
Net cash flow from financing activities 57,152,861.85 27,195,356.76
IV. Impacts of exchange rate changes on
cash and cash equivalents
V. Net Increase in cash and cash
-112,521,231.46 -91,000,017.22
equivalents
Plus: Balance of cash and cash
164,177,680.11 164,384,741.39
equivalents at the beginning of the period
VI. Cash and cash equivalents at end of
51,656,448.65 73,384,724.17
year
(II) Initial implementation of the new accounting standards in 2024: Adjustments of
relevant items in the financial statements at the beginning of the year
□Applicable Not applicable
(III) Audit report
Has the Report for the Third Quarter been audited?
□Yes No
The Report for the Third Quarter has not been audited.
Board of Directors of Nanjing Putian Telecommunications Co., Ltd.
October 26, 2024
12
