Nanjing Putian Telecommunications Co., Ltd. 2009 Third Quarterly Report (Full Text)
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Nanjing Putian Telecommunications Co., Ltd.
2009 Third Quarterly Report(Full Text)
§1 Important notice
1.1 The Board of Directors, the Supervisory Committee, the directors, supervisors and senior
management of the Company hereby confirm that there are no factitious record, misleading statements
or material omissions in this report, and collectively and individually accepts full responsibility for the
truthfulness, accuracy and completeness of the whole contents.
1.2 The financial report of the third quarter was not audited by a public accounting firm.
1.3 Chairman of the BOD Mr. Zhao Xinping, General Manager Mr. Sun Liang, and Chief
Accountant Mr. Shi Lian hereby confirm that the financial report in this report is truthful and complete.
1.4 This report is prepared both in Chinese and in English. In case of any inconsistency between
the two versions, the Chinese version should prevail.
§2 Company Profile
2.1 Main accounting data and financial indicators( expressed in RMB Yuan)
30 Sep. 2009 31 Dec. 2008 Increase/decrease (%)
Total assets 1,353,834,636.30 1,229,410,783.11 10.12%
Equity attributable to shareholders of the
listed company 340,524,397.00 325,891,395.72 4.49%
Share capital 215,000,000.00 215,000,000.00 0.00%
Net assets per share attributable to
shareholders of the listed company 1.584 1.516 4.49%
Jul.-Sep. 2009
Increase/decrease
over the same
period of last
year(%)
Jan. – Sep. 2009
Increase/decrease
over the same
period of last
year(%)
Total operating income 383,480,597.78 38.31% 1,038,948,935.82 28.19%
Net profit attributable to shareholders of
the listed company 4,307,968.60 197.65% 9,606,667.81 338.72%
Net cash generated from operating
activities - - -44,392,404.09 27.24%
Net cash generated from operating
activities per share (Yuan per share) - - -0.206 27.46%
Basic earnings per share 0.020 185.71% 0.045 350.00%
Diluted earnings per share 0.020 185.71% 0.045 350.00%
Return on net assets (%) 1.27% 0.84% 2.82% 2.16%
Return on net assets after deducting
non-recurrent profits or losses (%) 1.26% 0.98% 2.79% 2.36%
Expressed in RMB Yuan
Items of non-recurrent gains or losses From year-beginning to the end
of the reporting period Note
Gains/losses from disposal of non-current assets -176,147.70
Tax rebate, deduction or exemption from approval without
authorization, formal approval document or under occasional
situation
283.95Nanjing Putian Telecommunications Co., Ltd. 2009 Third Quarterly Report (Full Text)
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Government subsidies accounted into current profit/loss, except
the continuous ration subsidies directly related to the normal
operations and stipulated by the government
100,000.00
Profit and loss of debt restructure -16,693.00
Net amount of other non-operating profit and expenses excluding
items above 398,211.83
Influenced amount of minority interest -151,033.72
Influenced amount of income tax -44,229.44
Total 110,391.92 -
2.2 Total number of shareholders and top ten shareholders not subject to sale prohibition at the
end of the reporting period
Total number of shareholders at the end of
the reporting period 14,614
Top ten shareholders of tradable shares
Shareholder Holding of tradable shares at the end
of the reporting period
Share type
Ou Yanping 1,604,683 Domestically-listed shares in foreign
currency
Chan Keung 1,281,700 Domestically-listed shares in foreign
currency
Pro Performance 773,000 Domestically-listed shares in foreign
currency
Xiao Gengning 752,775 Domestically-listed shares in foreign
currency
Wang Feifei 568,008 Domestically-listed shares in foreign
currency
Shen Guo 500,265 Domestically-listed shares in foreign
currency
Chen Chaofan 416,979 Domestically-listed shares in foreign
currency
Guo Mingbiao 391,500 Domestically-listed shares in foreign
currency
Long Jianqiu 340,000 Domestically-listed shares in foreign
currency
Zhao Guanghui 331,650 Domestically-listed shares in foreign
currency
§3 Significant events
3.1 Substantial changes in main items on the financial statements and main financial indicators,
and explanation on the reason of the changes
√applicable □inapplicable
Item 30 Sep. 2009 31 Dec. 2008 Change(Yuan) Change(%) Reason of a
substantial change
Account receivable 458,447,181.62 337,226,330.95 121,220,850.67 35.95% sales grew in the
reporting periodNanjing Putian Telecommunications Co., Ltd. 2009 Third Quarterly Report (Full Text)
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Prepaid fund 64,144,701.44 48,146,368.56 15,998,332.88 33.23%
As sales grew,
purchase and
prepayment increased
Prepayment
received 29,801,913.31 15,375,739.80 14,426,173.51 93.82% Prepayment increased
as sales grew.
Jan.-Sep. 2009 Jan.-Sep. 2008
Investment income 6,056,202.16 2,170,155.97 3,886,046.19 179.07%
Profit of invested
enterprises grew in
the reporting period.
Net profit attributable
to owners of the
parent company
9,606,667.81 2,189,726.99 7,416,940.82 338.72%
Revenue and
investment income
grew in the reporting
period.
Net cash generated
from investing
activities
-4,199,888.70 -10,081,915.15 5,882,026.45 58.34% Decrease in fixed
assets.
3.2 Progress of significant events as well as analysis of its effect and solution plan
□applicable √inapplicable
3.3 Commitment of the Company, shareholders or the effective controller, and fulfillment of the
commitment
□applicable √inapplicable
3.4 Caution and explanation on a forecasted accumulated net loss for the period from the
year-beginning to the end of the next reporting period or a material change in net profit
compared with the same period of last year
□applicable √inapplicable
3.5 Other significant events
In the reporting period the Company did not provide capital to the controlling shareholder or its related parities, or provide
guaranty to other parties in violation of prescribed procedures.
3.5.1 Reception of investigation, communication and interview during the reporting period
Time Place Way of reception Visitor Main topics of discussion and
information provided
3 August 2009 In the Company Onsite investigation Mr. Wang, an
individual investor
Introduction of the Company’s
business
3.6 Derivative investment
□applicable √inapplicable
3.6.1 Holding of derivative investment products at the end of the reporting period
□applicable √inapplicable
§4 AppendixNanjing Putian Telecommunications Co., Ltd. 2009 Third Quarterly Report (Full Text)
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4.1 Balance Sheet
Nanjing Putian Telecommunications Co., Ltd. At 30 September 2009 Expressed in RMB Yuan
Item CoAnt sthoelid eantedd o f the cPuarrreenntt pCeormiodpa ny ACt tohnes boelidgaintendin g of thPea cruernrte Cnto pmepraiondy
Current asset:
Monetary fund 249,946,312.60 191,351,571.13 320,147,650.59 259,364,708.17
Settlement provision
Outgoing call loan
Trading financial assets
Notes receivable 3,556,226.90 1,462,693.50 6,349,430.00 736,000.00
Account receivable 458,447,181.62 338,798,064.99 337,226,330.95 244,877,404.04
Prepaid fund 64,144,701.44 47,994,694.42 48,146,368.56 39,570,789.34
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable
Dividends receivable
Other account receivable 42,085,983.92 45,104,412.96 33,411,453.54 30,760,661.50
Repurchasing of financial assets
Inventories 228,623,597.74 98,778,576.66 177,019,556.57 68,012,117.85
Non-current asset due in year
Other current asset
Total of current asset 1,046,804,004.22 723,490,013.66 922,300,790.21 643,321,680.90
Non-current assets
Loans and payment on other’s behalf
disbursed
Disposable financial asset
Expired investment in possess
Long-term receivable
Long-term share equity investment 218,252,115.52 329,995,190.25 216,398,929.36 326,642,004.09
Property investment 5,249,656.27 5,433,475.69
Fixed assets 71,384,011.46 37,258,995.81 75,339,969.01 39,746,992.57
Construction in progress 3,011,952.36 629,230.00
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 9,132,896.47 2,929,779.46 9,937,618.84 3,221,250.46
R&D expense
Goodwill
Long-term deferred expenses
Differed income tax asset
Other non-current asset
Total of non-current assets 307,030,632.08 370,813,195.52 307,109,992.90 369,610,247.12
Total of assets 1,353,834,636.30 1,094,303,209.18 1,229,410,783.11 1,012,931,928.02
Legal representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi LianNanjing Putian Telecommunications Co., Ltd. 2009 Third Quarterly Report (Full Text)
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4.1 Balance Sheet(continued)
Nanjing Putian Telecommunications Co., Ltd. At 30 September 2009 Expressed in RMB Yuan
At the end of the current period At the beginning of the current period
Item Consolidated Parent Company Consolidated Parent Company
Current liabilities
Short-term loans 489,000,000.00 286,000,000.00 490,000,000.00 290,000,000.00
Loan from Central Bank
Deposit received and hold for others
Call loan received
Trade off financial liabilities
Notes payable 8,494,348.80 172,654,348.80 160,000,000.00
Account payable 385,047,882.00 148,262,405.18 303,518,882.73 108,621,465.61
Prepayment received 29,801,913.31 6,306,044.92 15,375,739.80 3,679,516.42
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 13,599,865.34 3,514,769.53 13,489,219.64 3,477,875.49
Tax payable -12,240,193.01 927,728.91 -5,996,782.80 5,843,015.57
Interest payable
Dividend payable 875,342.39
Other account payable 45,667,907.67 172,330,808.91 36,696,588.02 137,639,798.33
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in year
Other current liability
Total of current liability 960,247,066.50 789,996,106.25 853,083,647.39 709,261,671.42
Non-current liabilities
Long-term borrowings
Bond payable
Long-term payable 80,118.00 80,118.00 80,118.00 80,118.00
Special payable
Expected liabilities
Differed income tax liability
Other non-recurring liabilities
Total of non-current liabilities 80,118.00 80,118.00 80,118.00 80,118.00
Total of liability 960,327,184.50 790,076,224.25 853,163,765.39 709,341,789.42
Owners’ equity (or shareholders’ equity)
Practical capital collected (or share
capital) 215,000,000.00 215,000,000.00 215,000,000.00 215,000,000.00
Capital reserves 183,465,955.00 172,417,299.81 183,465,955.00 172,417,299.81
Less: Shares in stock
Special reserve
Surplus reserves 589,559.77 589,559.76 589,559.77 589,559.76
Common risk provision
Attributable profit -60,519,943.29 -83,779,874.64 -70,126,611.10 -84,416,720.97
Different of foreign currency translation 1,988,825.52 -3,037,507.95
Total of equity attributable to owners of the
parent company 340,524,397.00 304,226,984.93 325,891,395.72 303,590,138.60
Minor shareholders’ equity 52,983,054.80 50,355,622.00
Total of owners’ equity 393,507,451.80 304,226,984.93 376,247,017.72 303,590,138.60
Total of liabilities and owners’ equity 1,353,834,636.30 1,094,303,209.18 1,229,410,783.11 1,012,931,928.02
Legal representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi LianNanjing Putian Telecommunications Co., Ltd. 2009 Third Quarterly Report (Full Text)
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4.2 Income statement for the reporting period
Nanjing Putian Telecommunications Co., Ltd. From July to September 2009 Expressed in RMB Yuan
Current Period Same Period of Last Year
Item
Consolidated Parent Company Consolidated Parent Company
I. Total operating income 383,480,597.78 259,731,298.41 277,268,315.76 160,539,932.16
Incl. operating income 383,480,597.78 259,731,298.41 277,268,315.76 160,539,932.16
Interest income
Insurance fee earned
Fee and commission received
II. Total operating cost 374,201,294.52 263,896,912.58 273,121,563.87 162,965,603.37
Incl. operating cost 319,657,403.27 230,226,077.96 231,158,216.06 139,603,579.37
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Taxes and surcharges on operations 1,366,097.30 202,382.94 706,068.36 53,736.51
Sales expense 26,423,147.07 15,373,027.20 18,211,877.51 9,577,295.12
Administrative expense 22,388,007.59 14,043,883.62 16,938,410.55 9,590,552.57
Financial expenses 4,369,411.65 4,051,540.86 5,898,357.99 5,452,981.80
Impairment loss on assets -2,772.36 0.00 208,633.40 -1,312,542.00
Plus: Gains from change of fair value (“-“ for loss)
Investment income (“-“ for loss) 946,762.22 2,876,369.31 706,466.44 706,466.44
Incl. Investment gains from affiliates 946,810.22 946,810.22 706,466.44 706,466.44
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 10,226,065.48 -1,289,244.86 4,853,218.33 -1,719,204.77
Plus: Non-operating income 565,389.46 127,582.28 366,982.59 232,815.28
Less: Non-operating expenses 296,148.06 15,475.75 93,525.37 83,161.21
Incl. Loss from disposal of non-current
assets 243,432.53 4,316.46 75,437.86 81,499.38
IV. Gross profit (“-“ for loss) 10,495,306.88 -1,177,138.33 5,126,675.55 -1,569,550.70
Less: Income tax expenses 1,568,890.62 0.00 910,590.54
V. Net profit (“-“ for net loss) 8,926,416.26 -1,177,138.33 4,216,085.01 -1,569,550.70
Net profit attributable to the owners of parent
company 4,307,968.60 -1,177,138.33 1,447,321.85 -1,569,550.70
Minor shareholders’ equity 4,618,447.66 2,768,763.16
VI. Earnings per share:
(I) Basic earnings per share 0.020 -0.005 0.007 -0.007
(II) Diluted earnings per share 0.020 -0.005 0.007 -0.007
VII. Other Comprehensive Income
VIII. Total comprehensive income 8,926,416.26 -1,177,138.33 4,216,085.01 -1,569,550.70
Total comprehensive income attributable to the
owners of parent company 4,307,968.60 -1,177,138.33 1,447,321.85 -1,569,550.70
Total comprehensive income attributable to minor
shareholders 4,618,447.66 2,768,763.16
Legal representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi LianNanjing Putian Telecommunications Co., Ltd. 2009 Third Quarterly Report (Full Text)
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4.3 Income Statement from year-beginning to the end of the reporting period
Nanjing Putian Telecommunications Co., Ltd. From January to September 2009 Expressed in RMB Yuan
Current Period Same Period of Last Year
Item
Consolidated Parent Company Consolidated Parent Company
I. Total operating income 1,038,948,935.82 735,922,230.48 810,451,304.27 434,037,056.50
Incl. operating income 1,038,948,935.82 735,922,230.48 810,451,304.27 434,037,056.50
Interest income
Insurance fee earned
Fee and commission received
II. Total operating cost 1,019,690,996.05 748,465,881.43 799,982,724.34 444,737,878.17
Incl. operating cost 877,125,662.89 660,058,154.43 675,874,310.00 374,010,813.62
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves provided
Insurance policy dividend paid
Reinsurance expenses
Taxes and surcharges on operations 3,033,554.27 527,862.54 2,757,839.23 249,398.44
Sales expense 64,371,229.59 38,278,175.45 54,218,058.24 27,109,252.31
Administrative expense 59,265,949.65 35,108,889.44 49,128,036.45 27,020,231.17
Financial expenses 14,392,545.53 12,987,973.09 19,588,725.65 17,972,336.58
Impairment loss on assets 1,502,054.12 1,504,826.48 -1,584,245.23 -1,624,153.95
Plus: Gains from change of fair value (“-“ for loss)
Investment income (“-“ for loss) 6,056,202.16 12,929,809.25 2,170,155.97 2,951,607.27
Incl. Investment gains from affiliates 3,603,186.16 3,603,186.16 2,170,155.97 2,951,607.27
Gains from currency exchange (“-“ for loss)
III. Operational profit (“-“ for loss) 25,314,141.93 386,158.30 12,638,735.90 -7,749,214.40
Plus: Non-operating income 903,986.46 324,062.44 725,595.40 265,015.28
Less: Non-operating expenses 598,331.38 73,374.41 266,026.73 86,804.53
Incl. Loss from disposal of non-current
assets 243,432.53 19,768.21 111,292.59 81,499.38
IV. Gross profit (“-“ for loss) 25,619,797.01 636,846.33 13,098,304.57 -7,571,003.65
Less: Income tax expenses 4,471,467.02 3,788,839.68
V. Net profit (“-“ for net loss) 21,148,329.99 636,846.33 9,309,464.89 -7,571,003.65
Net profit attributable to the owners of parent
company 9,606,667.81 636,846.33 2,189,726.99 -7,571,003.65
Minor shareholders’ equity 11,541,662.18 7,119,737.90
VI. Earnings per share:
(I) Basic earnings per share 0.045 0.003 0.010 -0.035
(II) Diluted earnings per share 0.045 0.003 0.010 -0.035
VII. Other Comprehensive Income
VIII. Total comprehensive income 21,148,329.99 636,846.33 9,309,464.89 -7,571,003.65
Total comprehensive income attributable to the
owners of parent company 9,606,667.81 636,846.33 2,189,726.99 -7,571,003.65
Total comprehensive income attributable to minor
shareholders 11,541,662.18 7,119,737.90
Legal representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi LianNanjing Putian Telecommunications Co., Ltd. 2009 Third Quarterly Report (Full Text)
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4.4 Cash Flow Statement from year-beginning to the end of the reporting period
Nanjing Putian Telecommunications Co., Ltd. From January to September 2009 Expressed in RMB Yuan
Current Period Item Consolidated Parent Company ConsSoalimdaet ePde riod ofP Laarsetn Yt eCaorm pany
I. Net cash flow from operating activities
Cash received from sales of products and providing of services 1,070,521,742.47 692,820,962.41 904,498,889.51 420,837,061.47
Net increase of customer deposits and capital kept for brother
company
Net increase of loans from central bank
Net increase of inter-bank loans from other financial bodies
Cash received against original insurance contract
Net cash received from reinsurance business
Net increase of client deposit and investment
Net increase of trade financial asset disposal
Cash received as interest, processing fee and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 366,813.34 381,454.61
Other cash received from operating activities 8,759,116.03 61,660,590.86 10,782,601.57 80,217,719.82
Sub-total of cash inflow from operating activities 1,079,647,671.84 754,481,553.27 915,662,945.69 501,054,781.29
Cash paid for purchasing of merchandise and services 939,459,860.26 645,651,480.80 823,868,360.46 476,562,328.87
Net increase of client trade and advance
Net increase of savings in central bank and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 75,004,454.78 44,135,307.27 63,299,467.99 32,388,581.48
Taxes paid 43,826,192.81 19,473,031.55 48,569,323.59 16,085,665.06
Cash paid for other operating activities 65,749,568.08 98,651,774.42 40,939,151.50 33,802,706.88
Sub-total of cash outflow from operating activities 1,124,040,075.93 807,911,594.04 976,676,303.54 558,839,282.29
Net Cash flow from operating activities -44,392,404.09 -53,430,040.77 -61,013,357.85 -57,784,501.00
II. Cash flow from investing activities
Cash received from investment retrieving 1,500,000.00 536,297.00
Cash received as investment gains 268,000.00 250,000.00 250,000.00 250,000.00
Net cash retrieved from disposal of fixed assets, intangible
assets, and other long-term assets 91,460.78 66,000.00 106,064.20 82,000.00
Net cash received from disposal of subsidiaries or other
operational units 10,980,200.00 10,980,200.00
Cash received from other investing activities
Sub-total of cash inflow from investing activities 1,859,460.78 316,000.00 11,872,561.20 11,312,200.00
Cash paid for construction of fixed assets, intangible assets and
other long-term assets 6,059,349.48 2,194,361.00 16,294,796.35 2,739,559.50
Cash paid as investment 5,659,680.00 378,780.00
Net increase of loan against pledge
Net cash received from subsidiaries and other operational units
Cash paid for other investing activities
Sub-total of cash outflow from investing activities 6,059,349.48 2,194,361.00 21,954,476.35 3,118,339.50
Net cash flow from investing activities -4,199,888.70 -1,878,361.00 -10,081,915.15 8,193,860.50
III. Cash flow from financing activities
Cash received as investment
Incl. Cash received as investment from minor shareholders
Cash received as loans 444,000,000.00 414,000,000.00 536,000,000.00 500,000,000.00
Cash received from bond placing
Other financing-related cash received
Subtotal of cash inflow from financing activities 444,000,000.00 414,000,000.00 536,000,000.00 500,000,000.00
Cash to repay debts 445,000,000.00 410,000,000.00 461,000,000.00 430,000,000.00
Cash paid as dividend, profit or interests 20,609,045.20 16,704,735.27 22,530,187.57 20,242,898.80
Incl. Dividend and profit paid by subsidiaries to minor
shareholders
Cash paid for other financing activities 34,000,000.00 34,000,000.00
Subtotal of cash outflow due to financing activities 465,609,045.20 426,704,735.27 517,530,187.57 484,242,898.80
Net cash flow from financing activities -21,609,045.20 -12,704,735.27 18,469,812.43 15,757,101.20
IV. Influence of exchange rate alternation on cash and cash
equivalents -53,333.01 -53,333.01
V. Net increase of cash and cash equivalents -70,201,337.99 -68,013,137.04 -52,678,793.58 -33,886,872.31
Plus: Balance of cash and cash equivalents at the beginning of
term 320,147,650.59 259,364,708.17 287,726,540.06 199,852,279.50
VI. Balance of cash and cash equivalents at the end of term 249,946,312.60 191,351,571.13 235,047,746.48 165,965,407.19
Legal representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi LianNanjing Putian Telecommunications Co., Ltd. 2009 Third Quarterly Report (Full Text)
9
4.5 Auditor’s report
Auditor’s opinion： Not audited.
Board of Directors
Nanjing Putian Telecommunications Co., Ltd.
27 October 2009
