Nanjing Putian Telecommunications Co., Ltd. 2011 Third Quarterly Report
Stock Code:200468 Short Form of the Stock: NJTEL B Notice No.: 2011-022
Nanjing Putian Telecommunications Co., Ltd.
2011 Third Quarterly Report
§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. Sun Liang, General Manager Mr. Kong Shanyou, 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. 2011 31 Dec. 2010 Increase/decrease (%)
Total assets(Yuan) 1,902,843,686.29 1,582,643,987.41 20.23%
Equity attributable to shareholders of the
369,185,342.74 360,616,964.74 2.38%
listed company(Yuan)
Share capital 215,000,000.00 215,000,000.00 0.00%
Net assets per share attributable to
shareholders of the listed company(Yuan 1.717 1.677 2.39%
per share)
Increase/decrease Increase/decrease
over the same over the same
Jul.-Sep. 2011 Jan. – Sep. 2011
period of last period of last
year(%) year(%)
Total operating income(Yuan) 586,366,046.19 16.77% 1,753,432,763.66 29.13%
Net profit attributable to shareholders of
632,151.51 -91.51% 8,286,298.04 -47.23%
the listed company(Yuan)
Net cash generated from operating
- - -74,317,507.51 68.03%
activities(Yuan)
Net cash generated from operating
- - -0.346 68.02%
activities per share (Yuan per share)
Basic earnings per share (Yuan per share) 0.003 -91.43% 0.039 -46.58%
Diluted earnings per share (Yuan per
0.003 -91.43% 0.039 -46.58%
share)
Weighted average return on net assets
0.17% -1.97% 2.27% -2.33%
(%)
Weighted average return on net assets
after deducting non-recurrent profits or 0.08% -2.05% 2.01% -2.35%
losses (%)
From year-beginning to the end
Items of non-recurrent gains or losses Note
of the reporting period
Gains/losses from disposal of non-current assets 15,377.59
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Nanjing Putian Telecommunications Co., Ltd. 2011 Third Quarterly Report
Government subsidies accounted into current profit/loss, except
the continuous ration subsidies directly related to the normal 865,124.05
operations and stipulated by the government
Profit and loss of debt restructure 107,044.31
Net amount of other non-operating profit and expenses excluding
524,693.53
items above
Influenced amount of minority interest -482,047.41
Influenced amount of income tax -73,298.85
Total 956,893.22 -
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
14,458
the reporting period
Top ten shareholders of tradable shares
Shareholder Holding of tradable shares at Share type
the end of the reporting period
CHAN KEUNG 1,289,600 Domestically-listed shares in foreign currency
Wang Feifei 588,008 Domestically-listed shares in foreign currency
Shu Jianping 500,500 Domestically-listed shares in foreign currency
Gu Feng 442,400 Domestically-listed shares in foreign currency
Chen Chaofan 416,979 Domestically-listed shares in foreign currency
Yan Zengqing 399,806 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
Liu Xiaoqi 318,261 Domestically-listed shares in foreign currency
Chen Ren 310,000 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
Change(% Reason of a substantial
Item 30 Sep. 2011 31 Dec. 2010 Change(Yuan)
) change
Sales scale was expanded and
Accounts receivable payment from
710,681,251.01 537,895,136.38 172,786,114.63 32.12%
receivable customers within credit period
was increased.
Inventory circulation was
Inventory 520,431,664.67 328,533,395.99 191,898,268.68 58.41% increased as production and
sales scale expanded.
Purchase of materials
increased as production scale
Accounts
840,779,560.57 581,633,610.57 259,145,950.00 44.55% expanded, and balance of
payable
payment payable to suppliers
increased.
By sending goods to customers
Advances from
37,477,973.85 82,459,973.00 -44,981,999.15 -54.55% in the period, prepayment by
customers
customers in previous period
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Nanjing Putian Telecommunications Co., Ltd. 2011 Third Quarterly Report
was recognized as revenue
from sales of goods
At the end of the reporting
period, the balance of input tax
Taxes payable -16,260,290.90 9,130,272.74 -25,390,563.64 -278.09%
to be deducted was larger than
output tax.
Change(%
Change(Yuan)
Jan.-Sep. 2011 Jan.-Sep. 2010 )
Because of a substantial
Total operating increase of sales scale, costs
1,736,863,352.10 1,331,047,458.88 405,815,893.22 30.49%
Cost and expenses went up in
different ranges.
As sales scale expanded,
marketing expenses, after-sale
Sales
105,606,479.22 77,434,278.35 28,172,200.87 36.38% service expenses, salaries,
expenses
transportation charges and
travelling expenses increased
Increase of bank loan and rising
Financial
22,239,129.73 12,594,499.11 9,644,630.62 76.58% of bank loan interest rates
expenses
made interest costs grow.
As sales scale expanded and
Net profit market competition got fierce,
attributable to sales expenses increased
owners of the 8,286,298.04 15,702,386.18 -7,416,088.14 -47.23% substantially, and costs in
parent material, labor and financing all
company went up, which resulted in a
decrease of profit.
The Company strengthened
work on withdraw of accounts
Net Cash flow
receivable , and payment from
from operating -74,317,507.51 -232,471,091.11 158,153,583.60 68.03%
customers in the reporting
activities
period was larger than that of
the same period of last year.
The Company paid 2 million
Net Cash flow dollars to establish Nanjing
from investing -10,649,211.66 -23,007,179.97 12,357,968.31 53.71% Putian Optical Network Co.,
activities Ltd. last year. There were no
such expenses in this period.
Net Cash flow
Bank loan increased in the
from financing -2,183,853.91 -19,900,402.11 17,716,548.20 89.03%
reporting period.
activities
3.2 Progress of significant events as well as analysis of its effect and solution plan
□applicable √inapplicable
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
3.2.3 Signing and implementation of significant contracts that are related to routine operations
□applicable √inapplicable
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Nanjing Putian Telecommunications Co., Ltd. 2011 Third Quarterly Report
3.2.4 Other issues
□applicable √inapplicable
3.3 Fulfillment of commitment made by the Company, shareholders or the effective controller
□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 to be necessarily stated
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.
25 October 2011
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