Nanjing Putian Telecommunications Co., Ltd. 2012 First Quarterly Report (Full Text)
Nanjing Putian Telecommunications Co., Ltd.
2012 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 2012 was not audited by a public
accounting firm.
1.3 Chairman of the BOD Mr. Sun Liang, General Manager Ms. Wang Hong, 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
End of the reporting period End of Last year Change (%)
Total assets(RMB) 2,123,210,913.61 2,050,755,987.18 3.53%
Total equity attributable to owners
372,684,708.96 372,273,328.48 0.11%
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 1.733 1.732 0.06%
share(RMB/Share)
Reporting period Same period of last year Change (%)
Total operating income(RMB) 655,576,783.23 539,970,982.36 21.41%
Net profit attributable to the owners
411,380.61 3,414,109.64 -87.95%
of listed company(RMB)
Net cash generated from operating
-117,078,886.22 -127,042,011.38 7.84%
activities(RMB)
Net cash generated from operating
-0.545 -0.591 7.78%
activities per share(RMB/Share)
Basic earnings per
0.002 0.016 -87.50%
share(RMB/Share)
Diluted earnings per
0.002 0.016 -87.50%
share(RMB/Share)
Weighted average ROE(%) 0.11% 0.94% -0.83%
Weighted average ROE after
deducting non-recurring 0.06% 0.79% -0.73%
profits/losses(%)
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Nanjing Putian Telecommunications Co., Ltd. 2012 First Quarterly Report (Full Text)
From year-beginning to Note(if applicable)
Items of non-recurring gains or losses the end of the reporting
period
Profit and loss of non-current assets disposal 40,168.16
Net amount of other non-operating profit and expenses excluding
352,738.71
items above
Influenced amount of income tax -114,993.01
Influenced amount of minority interest -99,025.92
Total 178,887.94
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
14,511
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 500,500
currency share
Domestically listed foreign
Gu Feng 442,400
currency share
Domestically listed foreign
Chen Chaofan 416,979
currency share
Domestically listed foreign
Yan Zengqing 399,806
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
§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(Yuan) Change(%) Main reason for a substantial
Item reporting period of the reporting change
period
Notes receivable Notes receivable at the end of
5,292,862.86 12,863,723.59 -7,570,860.73 -58.85% last year was accepted on due
in the reporting period.
Advances from Payment by customers in
customers advance in previous periods
52,438,422.41 87,763,330.36 -35,324,907.95 -40.25% was recognized as revenue
after goods was delivered in the
reporting period.
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Nanjing Putian Telecommunications Co., Ltd. 2012 First Quarterly Report (Full Text)
Taxes payable At the end of the reporting
period, the balance of input tax
-9,988,121.95 15,773,935.97 -25,762,057.92 -163.32%
to be deducted was larger than
output tax.
Item Jan. – Mar. 20 Jan. – Mar. 20 Change(Yuan) Change(%) Main reason for a substantial
12 11 change
Administration Some subsidiaries strengthened
expense work on research and
32,551,173.14 24,136,217.73 8,414,955.41 34.86%
development, thus expenses of
technology research increased.
Investment Profit from invested subsidiaries
431,759.36 731,956.54 -300,197.18 -41.01%
income went down.
Operational profit The growth margin of costs and
2,300,949.41 5,593,534.89 -3,292,585.48 -58.86% expenses was higher than that
of sales revenue.
Income tax Profit of the current period
248,576.25 556,669.16 -308,092.91 -55.35%
decreased.
Net profit
The growth margin of costs and
attributable to the
411,380.61 3,414,109.64 -3,002,729.03 -87.95% expenses was higher than that
owners of parent
of sales revenue.
company
Net cash flow Amount of investment on fixed
from investing -3,998,420.13 -2,170,673.75 -1,827,746.38 -84.20% assets was larger than that of
activities the same period of last year.
Net cash flow
Some bank loan was paid on
from financing -2,383,864.50 18,987,203.28 -21,371,067.78 -112.56%
due in the reporting period..
activities
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
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
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Nanjing Putian Telecommunications Co., Ltd. 2012 First Quarterly Report (Full Text)
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
§4 Appendix
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Nanjing Putian Telecommunications Co., Ltd. 2012 First Quarterly Report (Full Text)
4.1 Balance Sheet
Prepared by Nanjing Putian Telecommunications Co., Ltd. 31 March 2012 Unit: CNY
At the end of the current period At the beginning of the current period
Item
Consolidated Parent Company Consolidated Parent Company
Current asset:
Monetary funds 228,965,623.64 151,362,183.07 312,420,215.59 195,625,750.23
Settlement provision
Capital lent
Tradable financial assets
Notes receivable 5,292,862.86 985,447.00 12,863,723.59 3,938,705.00
Accounts receivable 861,119,454.27 585,780,430.39 736,141,568.31 489,450,457.03
Advances to suplliers 44,031,421.33 40,119,953.01 37,630,280.44 27,748,693.01
Insurance receivable
Reinsurance receivable
Contract reserve of reinsurance
receivable
Interest receivable
Dividends receivable
Other receivables 52,159,053.71 69,623,059.05 55,323,271.93 87,821,794.78
Purchase restituted finance asset
Inventories 587,450,569.15 312,884,593.92 552,349,491.53 283,735,577.58
Non-current asset due in year
Other current assets
Total current asset 1,779,018,984.96 1,160,755,666.44 1,706,728,551.39 1,088,320,977.63
Non-current assets
Granted loans and advances
Available-for-sale financial assets
Held-to-maturity investments
Long-term accounts receivable
Long-term equity investments 207,047,899.14 372,419,504.76 206,616,139.78 371,987,745.40
Investment property 4,762,571.97 4,814,179.95
Fixed assets 99,747,518.18 32,394,834.64 102,151,733.16 32,993,773.68
Construction in progress 12,509,404.43 751,823.54 10,062,821.54 743,162.49
Construction materials
Fixed assets held for disposal
Productive biological assets
Petrol asstest
Intangible assets 20,124,534.93 5,115,313.58 20,382,561.36 5,344,581.09
Development costs
Goodwill
Long-term prepayment
Differed income tax asset
Other non-current assets
Total non-current assets 344,191,928.65 410,681,476.52 344,027,435.79 411,069,262.66
Total assets 2,123,210,913.61 1,571,437,142.96 2,050,755,987.18 1,499,390,240.29
Legal person representative：Sun Liang Financial controller: Wang Hong Accountant officer: Shi Lian
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Nanjing Putian Telecommunications Co., Ltd. 2012 First Quarterly Report (Full Text)
4.1 Balance Sheet (continued)
Prepared by Nanjing Putian Telecommunications Co., Ltd. 31 March 2012 Unit: CNY
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 517,300,000.00 335,000,000.00 511,500,000.00 335,000,000.00
Loan from Central Bank
Deposit received and hold for
others
Capital borrowed
Tradable financial liabilities
Notes payable 40,681,089.45 120,681,089.45 262,091.29 80,262,091.29
Accounts payable 1,005,189,566.00 616,582,974.02 906,751,164.90 529,289,003.74
Advances from customers 52,438,422.41 13,563,311.87 87,763,330.36 27,009,137.51
Selling financial asset of
repurchase
Commission charge and
commission payable
Accrued payroll 15,067,149.74 5,539,026.35 14,914,260.59 5,715,497.61
Tax payable -9,988,121.95 -2,042,847.83 15,773,935.97 10,002,772.65
Interest payable
Dividends payable 1,344,198.22
Other payables 41,073,856.46 183,764,345.94 53,443,334.25 207,378,257.20
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 1,661,761,962.11 1,273,087,899.80 1,591,752,315.58 1,194,656,760.00
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 1,661,842,080.11 1,273,168,017.80 1,591,832,433.58 1,194,736,878.00
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 185,374,533.85 172,417,299.81 185,374,533.85 172,417,299.81
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 -24,511,638.32 -89,737,734.41 -24,923,018.93 -83,353,497.28
Balance difference of foreign
-3,767,746.34 -3,767,746.21
currency translation
Total equity attributable to owners of the
372,684,708.96 298,269,125.16 372,273,328.48 304,653,362.29
parent company
Minor interests 88,684,124.54 86,650,225.12
Total owners’ equity 461,368,833.50 298,269,125.16 458,923,553.60 304,653,362.29
Total of liabilities and owners’ equity 2,123,210,913.61 1,571,437,142.96 2,050,755,987.18 1,499,390,240.29
Legal person representative：Sun Liang Financial controller: Wang Hong Accountant officer: Shi Lian
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Nanjing Putian Telecommunications Co., Ltd. 2012 First Quarterly Report (Full Text)
4.2 Income statement
Prepared by Nanjing Putian Telecommunications Co., Ltd. January to March 2012 Unit: CNY
Current Period Same Period of Last Year
Item
Consolidated Parent Company Consolidated Parent Company
I. Total operating income 655,576,783.23 436,610,547.81 539,970,982.36 357,144,907.81
Incl. operating income 655,576,783.23 436,610,547.81 539,970,982.36 357,144,907.81
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 653,707,593.18 443,326,212.46 535,109,404.01 361,305,251.00
Incl. operating cost 570,428,831.36 401,684,275.46 468,306,601.68 324,955,390.09
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 2,159,611.23 634,230.09 1,999,837.29 592,574.90
Sales expense 42,421,402.12 24,076,417.35 35,938,345.21 21,091,746.74
Administration expense 32,551,173.14 11,942,207.95 24,136,217.73 10,444,682.98
Financial expenses 6,146,575.33 4,989,081.61 4,728,402.10 4,220,856.29
Losses of devaluation of asset
Plus: Gains from change of fair value
(“-“ for loss)
Investment income (“-“ for loss) 431,759.36 431,759.36 731,956.54 5,308,656.54
Incl. Investment income on
affiliated Company and joint ventureand 431,759.36 431,759.36 731,956.54 731,956.54
joint venture
Gains from currency exchange
(“-“ for loss)
III. Operational profit (“-“ for loss) 2,300,949.41 -6,283,905.29 5,593,534.89 1,148,313.35
Plus: Non-operating income 597,350.71 104,112.00 1,036,908.51 70,518.94
Less: Non-operating expenses 204,443.84 204,443.84 24,934.83 22,498.05
Incl. Loss from disposal of
2,943.84 2,943.84 322.33 322.33
non-current assets
IV. Total profit (“-“ for loss) 2,693,856.28 -6,384,237.13 6,605,508.57 1,196,334.24
Less: Income tax 248,576.25 556,669.16
V. Net profit (“-“ for net loss) 2,445,280.03 -6,384,237.13 6,048,839.41 1,196,334.24
Net profit attributable to the owners of
411,380.61 -6,384,237.13 3,414,109.64 1,196,334.24
parent company
Minority shareholders’ gains and losses 2,033,899.42 2,634,729.77
VI. Earnings per share:
(I) Basic earnings per share 0.002 -0.030 0.016 0.006
(II) Diluted earnings per share 0.002 -0.030 0.016 0.006
VII. Other comprehensive income -0.13 3,589.17
VIII. Total comprehensive income 2,445,279.90 -6,384,237.13 6,052,428.58 1,196,334.24
Total comprehensive income
411,380.48 -6,384,237.13 3,417,698.81 1,196,334.24
attributable to owners of parent company
Total comprehensive income
2,033,899.42 2,634,729.77
attributable to minority shareholders
Legal person representative：Sun Liang Financial controller: Wang Hong Accountant officer: Shi Lian
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Nanjing Putian Telecommunications Co., Ltd. 2012 First Quarterly Report (Full Text)
4.3 Cash Flow Statement
Prepared by Nanjing Putian Telecommunications Co., Ltd. January to March 2012 Unit: CNY
Current Period Same Period of Last Year
Item
Consolidated Parent Company Consolidated Parent Company
I. Net cash flow from operating activities
Cash received from sales of products and providing
603,011,268.75 368,000,442.88 474,557,989.19 302,341,035.08
of services
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 180,881.74 441,259.39
Other cash received from operating activities 3,107,715.58 33,141,689.32 3,627,156.47 31,930,649.57
Sub-total of cash inflow from operating
606,299,866.07 401,142,132.20 478,626,405.05 334,271,684.65
activities
Cash paid for goods and services 600,953,054.03 402,900,221.38 497,437,805.87 319,817,799.57
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 46,086,039.54 22,271,469.00 35,679,381.62 20,020,750.87
Payments of all types of taxes 34,862,252.72 14,724,860.36 31,312,815.30 17,079,969.70
Other cash payments relating to operating
41,477,406.00 38,851,844.86 41,238,413.64 42,762,280.70
activities
Sub-total of cash outflow from operating
723,378,752.29 478,748,395.60 605,668,416.43 399,680,800.84
activities
Net Cash flow from operating activities -117,078,886.22 -77,606,263.40 -127,042,011.38 -65,409,116.19
II. Cash flow from investing activities
Cash received from recovering investment
Cash received from investment income 4,576,700.00
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
4,576,700.00
activities
Cash paid for purchasing fixed, intangible and
3,998,420.13 962,055.00 2,170,673.75 1,203,204.64
other long-term assets
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
3,998,420.13 962,055.00 2,170,673.75 1,203,204.64
activities
Net cash flow from investing activities -3,998,420.13 -962,055.00 -2,170,673.75 3,373,495.36
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 56,000,000.00 20,000,000.00 65,000,000.00 15,000,000.00
Cash received from bond placing
Other cash received concerning financing
activities
Subtotal of cash inflow from financing activities 56,000,000.00 20,000,000.00 65,000,000.00 15,000,000.00
Cash paid for settling debts 50,200,000.00 20,000,000.00 36,000,000.00 16,000,000.00
Cash paid for dividend and profit distributing or 8,183,864.50 5,696,875.34 10,012,796.72 4,718,872.22
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Nanjing Putian Telecommunications Co., Ltd. 2012 First Quarterly Report (Full Text)
interest paying
Incl. Dividend and profit of minority shareholder
1,344,198.22 4,738,640.00
paid by subsidiaries
Cash paid for other financing activities
Subtotal of cash outflow due to financing
58,383,864.50 25,696,875.34 46,012,796.72 20,718,872.22
activities
Net cash flow from financing activities -2,383,864.50 -5,696,875.34 18,987,203.28 -5,718,872.22
IV. Influence of exchange rate alternation on cash and
6,578.90 1,626.58
cash equivalents
V. Net increase of cash and cash equivalents -123,454,591.95 -84,263,567.16 -110,225,481.85 -67,754,493.05
Plus: Balance of cash and cash equivalents at the
310,453,749.89 193,897,034.53 291,447,011.87 185,951,591.96
beginning of term
VI. Balance of cash and cash equivalents at the end of
186,999,157.94 109,633,467.37 181,221,530.02 118,197,098.91
term
Legal person representative：Sun Liang Financial controller: Wang Hong Accountant officer: Shi Lian
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Nanjing Putian Telecommunications Co., Ltd. 2012 First Quarterly Report (Full Text)
4.4 Auditor’s report
Auditor’s opinion: Not audited.
Board of Directors
Nanjing Putian Telecommunications Co., Ltd.
26 April 2012
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