Nanjing Putian Telecommunications Co., Ltd. 2011 First Quarterly Report (Full Text)
Stock Code:200468 Short Form of the Stock: NJTEL B Notice No.: 2011-009
Nanjing Putian Telecommunications Co., Ltd.
2011 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 2011 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) 1,687,450,044.82 1,582,643,987.41 6.62%
Total equity attributable to owners
364,034,663.55 360,616,964.74 0.95%
of the parent company(RMB)
Share capital 215,000,000.00 215,000,000.00 0.00%
Net assets attributable to owners
of the listed company per 1.69 1.68 0.60%
share(RMB/Share)
Reporting period Same period of last yar Change (%)
Total operating income(RMB) 539,970,982.36 377,115,634.87 43.18%
Net profit attributable to the owners
3,414,109.64 1,772,632.79 92.60%
of listed company(RMB)
Net cash generated from operating
-127,042,011.38 -75,177,030.33 -68.99%
activities(RMB)
Net cash generated from operating
-0.59 -0.35 -68.57%
activities per share(RMB/Share)
Basic earnings per
0.016 0.008 100.00%
share(RMB/Share)
Diluted earnings per
0.016 0.008 100.00%
share(RMB/Share)
Weighted average ROE(%) 0.94% 0.53% 0.41%
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Nanjing Putian Telecommunications Co., Ltd. 2011 First Quarterly Report (Full Text)
Weighted average ROE after
deducting non-recurring 0.79% 0.22% 0.57%
profits/losses(%)
From year-beginning to
Items of non-recurring gains or losses the end of the reporting
period
Profit and loss of non-current assets disposal 2,998.61
Governmental subsidy reckoned into current gains and losses, but closely relevant to the
Company’s business except for the governmental subsidy enjoyed in quota or ration 567,198.00
according to the national general standards
Net amount of other non-operating profit and expenses excluding items above 441,777.07
Influenced amount of minority interest -258,177.49
Influenced amount of income tax -199,353.43
Total 554,442.76
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
14,620
the reporting period
Top ten shareholders of tradable shares
Shareholder Holding of tradable shares at the end Share type
of the reporting period
Domestically listed foreign
CHAN KEUNG 1,289,600
currency share
Domestically listed foreign
Wang Feifei 588,008
currency share
Domestically listed foreign
Shu Jianping 487,200
currency share
Domestically listed foreign
Gu Feng 442,400
currency share
Domestically listed foreign
Chen Chaofan 416,979
currency share
Domestically listed foreign
Long Jianqiu 340,000
currency share
Domestically listed foreign
Zhao Guanghui 331,650
currency share
Domestically listed foreign
Liu Xiaoqi 318,261
currency share
Domestically listed foreign
Chen Ren 310,000
currency share
Domestically listed foreign
He Ane 264,104
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 At the beginning Change(Amount) Change(%) Main reason for a
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Nanjing Putian Telecommunications Co., Ltd. 2011 First Quarterly Report (Full Text)
reporting period of the reporting substantial change
period
Prepayment by
customers in previous
Advances from
45,526,582.62 82,459,973.00 -36,933,390.38 -44.79% period was recognized
customers
as revenue from sales of
goods
A large amount of
inventory was bought in
Tax payable -7,644,058.60 9,130,272.74 -16,774,331.34 -183.72%
the reporting period.
VAT was to be deducted
Same period of l Change(Amount) Change(%) Main reason for a
Current period
ast year substantial change
Revenue form sales of
Operating income 539,970,982.36 377,115,634.87 162,855,347.49 43.18% goods increased in the
reporting period.
Cost increased as sales
Operating cost 468,306,601.68 324,428,326.50 143,878,275.18 44.35%
grew.
As sales grew,
remuneration for sales
Sales expense 35,938,345.21 25,664,928.01 10,273,417.20 40.03% staff, transportation fee
and travelling expenses
increased.
Increase of bank loan
Financial expenses 4,728,402.10 2,892,410.44 1,835,991.66 63.48% and rising of bank rate in
the reporting period.
Profit from invested
subsidiaries decreased,
mainly due to that the
new subsidiary Nanjing
Investment income 731,956.54 1,274,872.27 -542,915.73 -42.59% Putian Optical Network
Co., Ltd. set up at the
end of last year just
started operation and
hasn’t made a profit.
Sales grew in the
Operational profit 5,593,534.89 3,493,496.43 2,100,038.46 60.11%
reporting period.
Net profit
attributable to the Revenue and profit grew
3,414,109.64 1,772,632.79 1,641,476.85 92.60%
owners of parent in the reporting period.
company
As revenue grew
substantially, accounts
Net Cash flow from
-127,042,011.38 -75,177,030.33 -51,864,981.05 -68.99% receivable and
operating activities
inventories also
increased.
Net Cash flow from Bank loan increased in
18,987,203.28 -74,685,451.76 93,672,655.04 125.42%
financing activities the reporting period.
3.2 Progress of significant events as well as analysis of its effect and solution plan
3.2.1 Being issued a non-standard auditor’s opinion
□applicable √inapplicable
3.2.2 Fund provided by the Company to its controlling shareholder or related parties of
the controlling shareholder, and guaranty provided by the Company in violation of
prescriptive procedures
□applicable √inapplicable
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Nanjing Putian Telecommunications Co., Ltd. 2011 First Quarterly Report (Full Text)
3.2.3 Signing and implementation of significant contracts that are related to routine
operations
□applicable √inapplicable
3.2.4 Other issues
□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 reporting
period
In the reporting period, the Company did not receive on-site investigation, telephone
communication and written enquiry from investors.
3.6 Derivative investment
□applicable √inapplicable
3.6.1 Holding of derivative investment products at the end of the reporting period
□applicable √inapplicable
Board of Directors
Nanjing Putian Telecommunications Co., Ltd.
23 April 2011
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