Nanjing Putian Telecommunications Co., Ltd. 2010 First Quarterly Report (Full Text)
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Nanjing Putian Telecommunications Co., Ltd.
2010 First 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 for the first quarter of 2010 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 indexes(CNY)
End of the reporting period End of Last year Change (%)
Total assets(RMB) 1,381,540,551.98 1,466,288,245.48 -5.78%
Total equity attributable to owners
of the parent company(RMB) 335,440,310.82 333,659,473.27 0.53%
Share capital 215,000,000.00 215,000,000.00 0.00%
Net assets attributable to owners
of the listed company per
share(RMB/Share)
1.56 1.55 0.65%
Reporting period Same period of last yar Change (%)
Total operating income(RMB) 377,115,634.87 284,197,402.71 32.69%
Net profit attributable to the owners
of listed company(RMB) 1,772,632.79 449,709.03 294.17%
Net cash generated from operating
activities(RMB) -75,177,030.33 -48,937,349.08 -53.62%
Net cash generated from operating
activities per share(RMB/Share) -0.35 -0.23 -52.17%
Basic earnings per
share(RMB/Share) 0.008 0.002 300.00%
Diluted earnings per
share(RMB/Share) 0.008 0.002 300.00%
Weighted average ROE(%) 0.53% 0.14% 0.39%
Weighted average ROE after
deducting non-recurring
profits/losses(%)
0.22% 0.09% 0.13%Nanjing Putian Telecommunications Co., Ltd. 2010 First Quarterly Report (Full Text)
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Items of non-recurring gains or losses
From year-beginning to
the end of the reporting
period
Profit and loss of non-current assets disposal 26,607.72
Net amount of other non-operating profit and expenses excluding items above 1,041,906.27
Influenced amount of minority interest -14,940.65
Influenced amount of income tax -10,705.94
Total 1,042,867.40
Notes for important items of non-recurring gains or losses
-
2.2 Total number of shareholders and top ten shareholders of tradable shares at
the end of the reporting period
Total number of shareholders at the end of
the reporting period 14,946
Top ten shareholders of tradable shares
Shareholder Holding of tradable shares at the end
of the reporting period
Share type
Hu Yunjing 1,802,700 Domestically listed foreign
currency share
Chan Keung 1,281,700 Domestically listed foreign
currency share
Zhou Xianyu 1,080,919 Domestically listed foreign
currency share
Wang Feifei 568,008 Domestically listed foreign
currency share
Ou Yanping 500,000 Domestically listed foreign
currency share
Chen Chaofan 416,979 Domestically listed foreign
currency share
Long Jianqiu 340,000 Domestically listed foreign
currency share
Wang Hongguang 333,100 Domestically listed foreign
currency share
Zhao Guanghui 331,650 Domestically listed foreign
currency share
Su Xiangling 317,356 Domestically listed foreign
currency share
§3 Significant events
3.1 Material changes in main items on the financial statements and main financial
indicators, and explanation on the reason of the changes
√applicable □inapplicable
Unit: CNY
At the end of
the reporting
period
At the
beginning of
the reporting
period
Change(Amount) Change(%) Main reason for a
substantial change
Monetary funds 330,417,732.76 482,952,642.17 -152,534,909.41 -31.58%
(1)70 million Yuan of bank
acceptance bills was
matured. (2)Payment to
suppliers and for taxes in
the reporting period.Nanjing Putian Telecommunications Co., Ltd. 2010 First Quarterly Report (Full Text)
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Notes payable 28,177,852.20 92,746,648.00 -64,568,795.80 -69.62% Maturity of bank
acceptance bills.
Advances from
customers 41,899,156.73 23,147,428.55 18,751,728.18 81.01%
Prepayment from
customers increased in the
reporting period.
Tax payable -18,348,017.36 -2,393,571.28 -15,954,446.08 -666.55%
Input VAT was larger than
output VAT in the reporting
period
Current period
Same period of
last year
Change(Amount) Change(%) Main reason for a
substantial change
Total operating
income 377,115,634.87 284,197,402.71 92,918,232.16 32.69%
Sales volume increased
compared that of the same
period of last year
Total operating
cost 374,897,010.71 281,948,085.24 92,948,925.47 32.97% Cost grew as sales volume
increased
Sales expense 25,664,928.01 19,484,312.10 6,180,615.91 31.72%
As sales grew, market
development expenses and
transportation fee also
increased.
Losses of
devaluation of
asset
-16,086,346.59 16,086,346.59 100.00%
The Company disposed
some inventory that had
been drown provision for
devaluation in low price in
the same period of last
year. There were no such
issues in this period.
Net cash
generated flow
from operating
activities
-75,177,030.33 -48,937,349.08 -26,239,681.25 -53.62%
A large amount of cash
was paid to buy raw
material in the reporting
period.
Net cash flow
generated from
financing
activities
-74,685,451.76 -15,170,955.95 -59,514,495.81 -392.29%
70 million Yuan of bank
acceptance bills was
mature in the reporting
period.
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
3.5.1 Securities investment
□applicable √ inapplicable
3.5.2 Reception of investigation, communication and interview during the reportingNanjing Putian Telecommunications Co., Ltd. 2010 First Quarterly Report (Full Text)
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period
In the reporting period, the Company did not receive investigation, communication
and interview.
3.5.3 Other significant events
□applicable √ inapplicable
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. 2010 First Quarterly Report (Full Text)
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4.1 Balance Sheet
Company name: Nanjing Putian Telecommunications Co., Ltd. 31 March 2010 Unit: CNY
Item CAotn tshoeli deantde do f the cPuarrreenntt Cpeormiopda ny AtC thoen sboeligdiantneidn g of thPea rceunrtr eCnot mpepraiondy
Current asset:
Monetary funds 330,417,732.76 274,420,919.27 482,952,642.17 408,484,047.10
Settlement provision
Capital lent
Tradable financial assets
Notes receivable 10,170,541.36 7,116,581.00 2,689,865.50
Accounts receivable 406,677,850.16 290,911,460.06 379,210,613.99 276,228,451.65
Advances to suplliers 31,325,826.81 30,342,981.20 35,576,591.92 30,583,115.40
Insurance receivable
Reinsurance receivable
Contract reserve of reinsurance
receivable
Interest receivable
Dividends receivable
Other receivables 25,627,675.65 36,057,382.27 24,727,816.32 37,147,639.59
Purchase restituted finance asset
Inventories 261,473,153.89 124,247,210.93 225,755,590.34 82,089,247.71
Non-current asset due in year
Other current assets
Total current asset 1,065,692,780.63 763,096,534.73 1,150,913,120.24 834,532,501.45
Non-current assets
Granted loans and advances
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investments 223,305,295.22 331,393,055.22 222,268,596.35 330,356,356.35
Investment property 5,168,977.05 5,227,043.79
Fixed assets 72,480,174.90 37,479,037.83 73,613,884.02 37,553,139.77
Construction in progress 5,952,984.00 5,100,000.00
Construction materials
Fixed assets held for disposal
Productive biological assets
Petrol asstest
Intangible assets 8,940,340.18 2,750,490.20 9,165,601.08 2,813,434.53
Development costs
Goodwill
Long-term prepayment
Differed income tax asset
Other non-current assets
Total non-current assets 315,847,771.35 371,622,583.25 315,375,125.24 370,722,930.65
Total assets 1,381,540,551.98 1,134,719,117.98 1,466,288,245.48 1,205,255,432.10
Legal person representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi LianNanjing Putian Telecommunications Co., Ltd. 2010 First Quarterly Report (Full Text)
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4.1 Balance Sheet (continued)
Company name: Nanjing Putian Telecommunications Co., Ltd. 31 March 2010 Unit: CNY
Item CAont sthoeli deantde do f the cPuarrreenntt pCeormiopda ny AtC tohnes boeligdiantneidn g of thPea creunrrte Cnot mpepraiondy
Current liabilities
Short-term loans 489,000,000.00 286,000,000.00 489,000,000.00 286,000,000.00
Loan from Central Bank
Deposit received and hold for
others
Capital borrowed
Tradable financial liabilities
Notes payable 28,177,852.20 196,177,852.20 92,746,648.00 260,746,648.00
Accounts payable 393,513,831.96 159,003,145.43 409,451,172.51 131,712,965.81
Advances from customers 41,899,156.73 25,675,847.90 23,147,428.55 5,647,562.09
Selling financial asset of
repurchase
Commission charge and
commission payable
Accrued payroll 13,409,276.70 3,602,294.29 14,229,929.03 4,388,612.57
Tax payable -18,348,017.36 -4,224,870.09 -2,393,571.28 4,856,932.31
Interest payable
Dividends payable
Other payables 40,499,832.05 160,633,291.53 50,912,843.86 200,972,821.32
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liability due in year
Other current liabilities
Total current liabilities 988,151,932.28 826,867,561.26 1,077,094,450.67 894,325,542.10
Non-current liabilities
Long-term borrowings
Bonds payable
Long-term payables 80,118.00 80,118.00 80,118.00 80,118.00
Special payables
Estimated liabilities
Differed income tax liabilities
Other non-recurrent liabilities
Total non-current liabilities 80,118.00 80,118.00 80,118.00 80,118.00
Total liabilities 988,232,050.28 826,947,679.26 1,077,174,568.67 894,405,660.10
Owners’ equity (or shareholders’ equity)
Paid-in capital (or share capital) 215,000,000.00 215,000,000.00 215,000,000.00 215,000,000.00
Capital reserves 182,566,377.24 172,417,299.81 182,566,377.24 172,417,299.81
Less: Treasury stock
Reasonable reserve
Surplus reserve 589,559.77 589,559.76 589,559.77 589,559.76
Provision of general risk
Undistributed profit -57,686,535.98 -80,235,420.85 -59,459,168.77 -77,157,087.57
Balance difference of foreign
currency translation -5,029,090.21 -5,037,294.97
Total equity attributable to owners of the
parent company 335,440,310.82 307,771,438.72 333,659,473.27 310,849,772.00
Minor interests 57,868,190.88 55,454,203.54
Total owners’ equity 393,308,501.70 307,771,438.72 389,113,676.81 310,849,772.00
Total of liabilities and owners’ equity 1,381,540,551.98 1,134,719,117.98 1,466,288,245.48 1,205,255,432.10
Legal person representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi LianNanjing Putian Telecommunications Co., Ltd. 2010 First Quarterly Report (Full Text)
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4.2 Income statement
Company name: Nanjing Putian Telecommunications Co., Ltd. January to March 2010 Unit: CNY
Item ConsolidaCteudrr ent PPeariroedn t Company ConSsoalmidea tPede riod oPf aLraesnt tY Ceoamr pany
I. Total operating income 377,115,634.87 242,409,778.73 284,197,402.71 195,365,848.93
Incl. operating income 377,115,634.87 242,409,778.73 284,197,402.71 195,365,848.93
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 374,897,010.71 247,786,614.45 281,948,085.24 198,030,927.48
Incl. operating cost 324,428,326.50 217,848,998.65 258,433,917.44 189,102,516.77
Interest expense
Commission charge and commission
expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expenses
Operating tax and extras 1,128,758.61 -285,012.05 817,217.49 145,048.76
Sales expense 25,664,928.01 17,297,167.29 19,484,312.10 11,446,869.92
Administration expense 20,782,587.15 10,376,601.27 16,139,639.65 9,297,792.97
Financial expenses 2,892,410.44 2,548,859.29 3,159,345.15 2,594,493.81
Losses of devaluation of asset -16,086,346.59 -14,555,794.75
Plus: Gains from change of fair value
(“-“ for loss)
Investment income (“-“ for loss) 1,274,872.27 1,274,872.27 1,346,181.96 1,328,181.96
Incl. Investment income on
affiliated Company and joint ventureand
joint venture
1,036,698.87 1,036,698.87 1,328,181.96 1,328,181.96
Gains from currency exchange
(“-“ for loss)
III. Operational profit (“-“ for loss) 3,493,496.43 -4,101,963.45 3,595,499.43 -1,336,896.59
Plus: Non-operating income 1,101,329.34 1,056,423.07 247,385.65 147,491.38
Less: Non-operating expenses 32,815.35 32,792.90 33,091.04 30,000.00
Incl. Loss from disposal of
non-current assets 2,815.35 2,792.90
IV. Total profit (“-“ for loss) 4,562,010.42 -3,078,333.28 3,809,794.04 -1,219,405.21
Less: Income tax 375,390.29 1,059,784.62
V. Net profit (“-“ for net loss) 4,186,620.13 -3,078,333.28 2,750,009.42 -1,219,405.21
Net profit attributable to the owners of
parent company 1,772,632.79 -3,078,333.28 449,709.03 -1,219,405.21
Minority shareholders’ gains and losses 2,413,987.34 2,300,300.39
VI. Earnings per share:
(I) Basic earnings per share 0.008 -0.014 0.002 -0.006
(II) Diluted earnings per share 0.008 -0.014 0.002 -0.006
VII. Other comprehensive income 8,204.76
VIII. Total comprehensive income 4,194,824.89 -3,078,333.28 2,750,009.42 -1,219,405.21
Total comprehensive income
attributable to owners of parent company 1,780,837.55 -3,078,333.28 449,709.03 -1,219,405.21
Total comprehensive income
attributable to minority shareholders 2,413,987.34 2,300,300.39
Legal person representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi LianNanjing Putian Telecommunications Co., Ltd. 2010 First Quarterly Report (Full Text)
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4.3 Cash Flow Statement
Company name: Nanjing Putian Telecommunications Co., Ltd. January to March 2010 Unit: CNY
Item ConsolidaCtuerdre nt PPearrieondt Company ConSsaomlidea Pteedr iod oPfa Lreanstt YCeoamr pany
I. Net cash flow from operating activities
Cash received from sales of products and
providing of services 407,007,845.03 253,009,867.80 258,151,394.96 147,645,270.92
Net increase of customer deposit and
inter-bank deposit
Net increase of loans from central bank
Net increase of inter-bank loans from
other financial institutions
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
Refunds of taxes 39,756.07 93,410.32
Other cash received from operating
activities 6,813,434.79 7,691,975.95 1,957,821.43 7,189,612.22
Sub-total of cash inflow from
operating activities 413,861,035.89 260,701,843.75 260,202,626.71 154,834,883.14
Cash paid for goods and services 413,749,567.72 254,040,281.57 244,904,641.76 150,986,372.96
Net increase of client trade and advance
Net increase of savings in central bank
and brother company
Cash paid for original insurance contract
compensation
Cash paid for interest, commission
charge and commission
Cash paid for bonus of guarantee slip
Cash paid to and on behalf of employees 27,587,838.71 14,261,080.57 25,246,720.57 14,642,568.07
Payments of all types of taxes 21,854,071.91 8,760,923.05 16,675,279.60 7,986,428.80
Other cash payments relating to
operating activities 25,846,587.88 41,881,743.90 22,313,333.86 46,501,373.58
Sub-total of cash outflow from
operating activities 489,038,066.22 318,944,029.09 309,139,975.79 220,116,743.41
Net Cash flow from operating
activities -75,177,030.33 -58,242,185.34 -48,937,349.08 -65,281,860.27
II. Cash flow from investing activities
Cash received from recovering
investment
Cash received from investment income 18,000.00
Net cash retrieved from disposal of fixed
assets, intangible assets, and other long-term
assets
Net cash received from disposal of
subsidiaries or other operational units
Other cash received concerning
investing activities
Sub-total of cash inflow from
investing activities 18,000.00
Cash paid for purchasing fixed,
intangible and other long-term assets 2,672,427.32 1,484,500.00 1,859,328.32 58,000.00Nanjing Putian Telecommunications Co., Ltd. 2010 First Quarterly Report (Full Text)
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Cash paid for investment
Net increase of mortgaged loans
Net cash received from subsidiaries and
other operational units
Cash paid for other investing activities
Sub-total of cash outflow from
investing activities 2,672,427.32 1,484,500.00 1,859,328.32 58,000.00
Net cash flow from investing
activities -2,672,427.32 -1,484,500.00 -1,841,328.32 -58,000.00
III. Cash flow from financing activities
Cash received from absorbing
investment
Incl. Cash received from absorbing
minority shareholders ’ investment by
subsidiaries
Cash received from loans 100,000,000.00 100,000,000.00 56,000,000.00 56,000,000.00
Cash received from bond placing
Other cash received concerning
financing activities
Subtotal of cash inflow from financing
activities 100,000,000.00 100,000,000.00 56,000,000.00 56,000,000.00
Cash paid for settling debts 100,000,000.00 100,000,000.00 67,000,000.00 67,000,000.00
Cash paid for dividend and profit
distributing or interest paying 4,685,451.76 4,336,442.49 4,170,955.95 3,609,158.16
Incl. Dividend and profit of minority
shareholder paid by subsidiaries
Cash paid for other financing activities 70,000,000.00 70,000,000.00
Subtotal of cash outflow due to
financing activities 174,685,451.76 174,336,442.49 71,170,955.95 70,609,158.16
Net cash flow from financing
activities -74,685,451.76 -74,336,442.49 -15,170,955.95 -14,609,158.16
IV. Influence of exchange rate alternation on
cash and cash equivalents
V. Net increase of cash and cash equivalents -152,534,909.41 -134,063,127.83 -65,949,633.35 -79,949,018.43
Plus: Balance of cash and cash
equivalents at the beginning of term 422,853,002.17 348,384,407.10 320,147,650.59 259,364,708.17
VI. Balance of cash and cash equivalents at
the end of term 270,318,092.76 214,321,279.27 254,198,017.24 179,415,689.74
Legal person representative：Zhao Xinping Financial controller: Sun Liang Accountant officer: Shi LianNanjing Putian Telecommunications Co., Ltd. 2010 First Quarterly Report (Full Text)
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4.4 Auditor’s report
Auditor’s opinion: Not audited.
Board of Directors
Nanjing Putian Telecommunications Co., Ltd.
30 April 2010
