Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Nanjing Putian Telecommunications Co., Ltd.
First Quarterly Report 2014
April 2014
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Section I. Important Notice
Board of Directors and the Supervisory Committee of Nanjing Putian Telecommunications
Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior
executives should guarantee the reality, accuracy and completion of the quarterly report,
there are no any fictitious statements, misleading statements or important omissions carried
in this report, and shall take legal responsibilities, individual and/or joint.
All Directors attended the Board Meeting for Quarterly Report deliberation.
Xu Qian, Principal of the Company, Wang Hong, person in charger of accounting works and
Shi Lian, person in charge of accounting organ (accounting principal) hereby confirm that the
Financial Report of this Quarterly Report is authentic, accurate and complete.
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Section II. Main financial data and changes of shareholders
I. Main accounting data and financial indexes
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□ Yes √No
At the same period of last Changes of this period over
At the reporting period
year same period of last year (%)
Operating income (RMB) 592,796,160.80 575,895,279.05 2.93%
Net profit attributable to shareholders of
-15,013,598.95 -7,211,874.87 -108.18%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting -15,224,247.16 -7,586,577.76 -100.67%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-89,935,264.98 -132,551,275.77 32.15%
activities(RMB)
Basic earnings per share (RMB/Share) -0.07 -0.034 -105.88%
Diluted earnings per share (RMB/Share) -0.07 -0.034 -105.88%
Weighted average ROE (%) -4% -1.93% -2.07%
Changes of this period-end
At the end of the reporting
At the end of last year over same period-end of last
period
year (%)
Total assets (RMB) 2,091,003,783.02 2,107,194,638.89 -0.77%
Net assets attributable to shareholder of
368,196,921.27 383,210,520.22 -3.92%
listed company (RMB)
Items of non-recurring gains and losses
√ Applicable □ Not applicable
In RMB
Amount from year-begin to
Item Note
period-end
Gains/losses from the disposal of non-current asset (including the
-17,052.10
write-off that accrued for impairment of assets)
Refunding and exemption of taxes in excess of authority or
8,300.00
without official approval documents or occurred adventitiously
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to 5,276.00
national standards, which are closely relevant to enterprise’s
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
business)
Capital occupation fee collected from non-financial organizations
10,000.00
and accounted into current gain/loss
Other non-operating income and expenditure except for the
340,634.03
aforementioned items
Less: impact on income tax 66,042.80
Impact on minority shareholders’ equity (post-tax) 70,466.92
Total 210,648.21 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
II. Total number of shareholders at the end of this report period and top ten shareholders
In shares
Total number of shareholders
13,043
at the end of report period
Top ten shareholders
Amount of Number of share pledged/frozen
Shareholder’s Nature of Proportion of Amount of shares
restricted shares
name shareholder shares held (%) held State of share Amount
held
China Potevio
State-owned
Company 53.49% 115,000,000 115,000,000
corporation
Limited
GUOTAI
JUNAN
Foreign
SECURITIES(H 2.64% 5,682,231 0
corporation
ONGKONG)
LIMITED
Shanghai H.K. Foreign
2.18% 4,693,000 0
Wanguo Security corporation
Foreign nature
Sun Huiming 0.8% 1,718,610 0
person
Foreign nature
CHAN KEUNG 0.6% 1,289,600 0
person
Domestic nature
Gao Lingyun 0.47% 1,000,000 0
person
Domestic nature
Wang Feifei 0.27% 584,408 0
person
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Domestic nature
Hu Jun 0.24% 519,050 0
person
Domestic nature
Shu Jianping 0.23% 500,500 0
person
Domestic nature
Duan Ruifen 0.17% 374,100 0
person
The top ten circulation shareholders shareholdings
Type of shares
Shareholder’s name Amount of listed circulation shares held
Type Amount
GUOTAI JUNAN Domestically
SECURITIES(HONGKONG) 5,682,231 listed foreign 5,682,231
LIMITED shares
Domestically
Shanghai H.K. Wanguo Security 4,693,000 listed foreign 4,693,000
shares
Domestically
Sun Huiming 1,718,610 listed foreign 1,718,610
shares
Domestically
CHAN KEUNG 1,289,600 listed foreign 1,289,600
shares
Domestically
Gao Lingyun 1,000,000 listed foreign 1,000,000
shares
Domestically
Wang Feifei 584,408 listed foreign 584,408
shares
Domestically
Hu Jun 519,050 listed foreign 519,050
shares
Domestically
Shu Jianping 500,500 listed foreign 500,500
shares
Domestically
Duan Ruifen 374,100 listed foreign 374,100
shares
Domestically
Li Zhaohua 345,606 listed foreign 345,606
shares
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Among the top ten shareholders, China Potevio Company Limited is neither a related party
Note of related relationship among nor a person acting in concert with the others. It’s unknown by the Company whether there
the above shareholders and are related parties or persons acting in concert among the other shareholders. The Company is
concerted actors unknown whether there exists associated relationship or belongs to consistent actor among
the top ten circulation shareholders.
Explanation on top ten shareholders
involving margin business (if N/A
applicable)
Whether has a buy-back agreement dealing in reporting period
□ Yes √ No
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Section III. Significant Events
I. Particulars about material changes in items of main accounting statement and financial
index and explanations of reasons
Amount of Changes
Item 2014-3-31 2013-12-31 Reasons of great changes
changes (RMB) ratio (%)
Notes receivable of the end of
Notes
8,230,321.61 21,919,480.05 -13,689,158.44 -62.45% last year was due acceptance at
receivable
the period.
Advance Advance payment of last period
19,111,127.55 33,144,854.82 -14,033,727.27 -42.34%
payment was settled in the period.
The bank acceptance for
procurement of raw materials
Notes payable 111,442,422.00 70,809,648.50 40,632,773.50 57.38%
and outsourcing products
increased.
Last year’s advance payment
was confirmed as sales revenue
Payment in after delivery in the period;
39,368,928.02 77,659,452.52 -38,290,524.50 -49.31%
advance advance payments of the new
contract in the reporting period
decreased
The amount of un-deductable
VAT input tax is larger than the
Tax payable -1,286,229.92 1,544,609.90 -2,830,839.82 -183.27%
output tax, the tax payable was
negative as a result
The Company lost RMB 15.01
Undistributed million in the reporting period
-29,502,739.45 -14,489,140.50 -15,013,598.95 -103.62% and causing balance of the
profit
retained profit reduced at the
end of the reporting period
Amount of Changes
Jan-Mar 2014 Jan-Mar 2013 Reasons of great changes
changes (RMB) ratio (%)
Compared with the same period
of last year, the loss of the
Company’s stock-jointly
Investment companies decreased in the
-106,712.45 -1,208,410.07 1,101,697.62 91.17%
income reporting period, investment
losses that confirmed according
to the equity proportion
decreased
Operating In the reporting period, impact
-12,017,921.23 -8,499,997.51 -3,517,923.72 -41.39% from operators reduced the
profit
investment for 3G, investment
Total profit -11,558,134.57 -7,805,759.20 -3,752,375.37 -48.07% of 4G still in small size and
Net profit -15,005,682.50 -7,985,355.88 -7,020,326.62 -87.92% fierce competition in markets as
well as the declined biding price
Net profit from operators etc., sales
-15,013,598.95 -7,211,874.87 -7,801,724.08 -108.18% revenue and gross margin from
attributable to
some of the telecommunication
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
owners of products declined, thus, profit
decreased year-on-year
parent
company
In the reporting period, income
Income tax
3,447,547.93 179,596.68 3,267,951.25 1819.61% tax paid by the subsidiary
expenses
company increased y-o-y.
In the reporting period, overall
sales increased, recoverable of
Net cash flow
accounts receivable increased
from
-89,935,264.98 -132,551,275.77 42,616,010.79 32.15% than that of last year, and then
operation
in the reporting period the
activity
payment for goods paid by the
Company decreased
In the reporting period, the
Net cash flow
Company received the balance
from
1,817,747.89 -4,629,408.88 6,447,156.77 139.27% of Yulong equity transfer, cash
investment
inflow from investment activity
activity
increased y-o-y
Net cash flow
form In the reporting period, bank
13,777,541.13 -5,728,152.30 19,505,693.43 340.52%
financing loans of the Company increased
activities
In the reporting period, net cash
Net increased flow form operation activity,
amount of investment activity and
-74,339,944.11 -142,901,226.12 68,561,282.01 47.98%
cash and cash financing activities increased
equivalent over the same period of last
year respectively
II. Analysis and explanation of significant events and their influence and solutions
Nil
III. Commitments from the Company or shareholders (with over 5% shares held) in or
occurred in the previous period but continued to reporting period
Content of
Item of Commitments Promisee Date Term Implementation
commitments
Share Merger Reform N/A
Commitments made in acquisition report
N/A
or equity change report
Commitments in assets reorganization N/A
Commitments in initial public offering or
N/A
refinancing
other commitments to minority
N/A
shareholders of the Company
Perform the commitment promptly or not Yes
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Detail reasons for un-complement and
Not applicable
further plan (if applicable)
IV. Forecast of operation performance from Jan. – June of 2014
Warnings and reasons of the predict that the cumulative net profit from the begin of the year to the end of next report period may be
loss or have great changes comparing with the same period of last year
□Applicable √Not applicable
V. Securities Investment
Amount
of Proportio Amount Proportio
Initial stock-hol n of of n of Book
Gains and
Short investmen ding at stock-hol stock-hol stock-hol value at
Variety of Code of loss in the Accounti Source of
form of t the ding at the ding at ding at the the end of
securities securities reporting ng subject stock
securities cost(RM beginning beginning the end of end of the the period
(RMB)
B) of the of the the period period (RMB)
period period (% (Share) (%)
(Share)
Total 0.00 0 -- 0 -- 0.00 0.00 -- --
Disclosure date for the notice of
approval by the Board
Disclosure date for the notice of
approval by Shareholders’
Meeting (if applicable)
Explanation on equity of other listed company hold
□Applicable √Not applicable
VI. Derivative Investment
In 10 thousand Yuan
Ratio of
investmen
t at
Assets’
Investme period-en Actual
Related Related Initial depreciati Investme
Operating nt at d in net gains/loss
relationsh transactio Kinds investmen Start Date Expiry on (if nt at end
side period-be assets of es in
ip n (Y/N) t applicable of period
gin the Period
)
Company
at
period-en
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
d (%)
Total 0 -- -- 0 0 0% 0
Capital resources -
Disclosure date for the notice of approval
by the Board (if applicable)
Disclosure date for the notice of approval
by Shareholders’ General Meeting (if
applicable)
VII. Registration form for receiving research, communication and interview in the report period
Contents discussed and
Date Place Method Type of investors Investor
materials supplied
N/A N/A N/A
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
IV. Financial statement
I. Financial statement
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
1. Consolidated balance sheet
Prepared by Nanjing Putian Telecommunications Co., Ltd. March 31, 2014 Unit: RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 375,684,382.52 430,024,326.63
Settlement provisions
Capital lent
Transaction finance asset
Notes receivable 8,230,321.61 21,919,480.05
Accounts receivable 881,921,286.30 789,984,001.55
Accounts paid in advance 19,111,127.55 33,144,854.82
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance
receivable
Interest receivable
Dividend receivable 1,000,000.00 1,000,000.00
Other receivables 49,394,123.23 58,091,611.43
Purchase restituted finance asset
Inventories 415,953,773.64 431,011,396.33
Non-current asset due within one year
Other current assets
Total current assets 1,751,295,014.85 1,765,175,670.81
Non-current assets:
Granted loans and advances
Finance asset available for sales
Held-to-maturity securities
Long-term account receivable
Long-term equity investment 190,440,253.39 190,546,965.84
Investment property 4,349,708.13 4,401,316.11
Fixed assets 104,500,509.74 106,610,502.71
Construction in progress 16,496,467.87 16,157,767.87
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 23,921,829.04 24,302,415.55
Expense on Research and
Development
Goodwill
Long-term expenses to be apportioned
Deferred income tax asset
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Other non-current asset
Total non-current asset 339,708,768.17 342,018,968.08
Total assets 2,091,003,783.02 2,107,194,638.89
Legal representative: Xu Qian Person in charge of accounting works: Wang Hong Person in charge of accounting organ: Shi Lian
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
1. Consolidated balance sheet (continued)
Prepared by Nanjing Putian Telecommunications Co., Ltd. March 31, 2014 Unit: RMB
Items Balance at period-end Balance at period-begin
Current liabilities:
Short-term loans 482,000,000.00 462,000,000.00
Loan from central bank
Absorbing deposit and interbank
deposit
Capital borrowed
Transaction financial liabilities
Notes payable 111,442,422.00 70,809,648.50
Accounts payable 932,803,901.89 955,777,528.37
Accounts received in advance 39,368,928.02 77,659,452.52
Selling financial asset of repurchase
Commission charge and commission
payable
Wage payable 16,926,488.79 16,664,127.11
Taxes payable -1,286,229.92 1,544,609.90
Interest payable
Dividend payable 1,946,045.39 1,946,045.39
Other accounts payable 54,263,708.18 52,249,025.93
Reinsurance payables
Insurance contract reserve
Security trading of agency
Security sales of agency
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 1,637,465,264.35 1,638,650,437.72
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable 80,118.00 80,118.00
Special accounts payable
Projected liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 80,118.00 80,118.00
Total liabilities 1,637,545,382.35 1,638,730,555.72
Owner’s equity (or shareholders’ equity):
Paid-in capital (or share capital) 215,000,000.00 215,000,000.00
Capital public reserve 185,374,533.85 185,374,533.85
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Less: Inventory shares
Reasonable reserve
Surplus public reserve 589,559.77 589,559.77
Provision of general risk
Retained profit -29,502,739.45 -14,489,140.50
Balance difference of foreign currency
-3,264,432.90 -3,264,432.90
translation
Total owner’s equity attributable to parent
368,196,921.27 383,210,520.22
company
Minority interests 85,261,479.40 85,253,562.95
Total owner’s equity (or shareholders’
453,458,400.67 468,464,083.17
equity)
Total liabilities and owner’s equity (or
2,091,003,783.02 2,107,194,638.89
shareholders’ equity)
Legal representative: Xu Qian Person in charge of accounting works: Wang Hong Person in charge of accounting organ: Shi Lian
2. Balance sheet of parent company
Prepared by Nanjing Putian Telecommunications Co., Ltd. March 31, 2014 Unit: RMB
Items Balance at period-end Balance at period-begin
Current assets:
Monetary funds 176,615,094.77 243,256,318.34
Transaction finance asset
Notes receivable 3,204,611.43 4,080,113.29
Accounts receivable 588,644,300.56 484,405,832.01
Accounts paid in advance 14,393,440.37 19,253,965.98
Interest receivable
Dividend receivable 1,000,000.00 1,000,000.00
Other receivables 57,045,697.19 72,664,367.17
Inventories 213,386,620.12 215,007,723.17
Non-current asset due within one
year
Other current assets
Total current assets 1,054,289,764.44 1,039,668,319.96
Non-current assets:
Finance asset available for sales
Held-to-maturity securities
Long-term account receivable
Long-term equity investment 356,195,242.68 356,301,955.13
Investment property
Fixed assets 27,860,830.47 28,670,106.90
Construction in progress 16,496,467.87 16,157,767.87
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Engineering material
Disposal of fixed asset
Productive biological asset
Oil and gas asset
Intangible assets 9,283,836.76 9,548,633.35
Expense on Research and
Development
Goodwill
Long-term expenses to be
apportioned
Deferred income tax asset
Other non-current asset
Total non-current asset 409,836,377.78 410,678,463.25
Total assets 1,464,126,142.22 1,450,346,783.21
Legal representative: Xu Qian
Person in charger of accounting works: Wang Hong
Person in charge of accounting organ: Shi Lian
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
2. Balance sheet of parent company (continued)
Prepared by Nanjing Putian Telecommunications Co., Ltd. March 31, 2014 Unit: RMB
Items Balance at period-end Balance at period-begin
Current liabilities:
Short-term loans 356,000,000.00 356,000,000.00
Transaction financial liabilities
Notes payable 105,529,854.40 65,529,854.40
Accounts payable 588,851,445.74 570,182,414.45
Accounts received in advance 11,437,773.38 20,352,488.47
Wage payable 6,810,685.67 6,287,114.97
Taxes payable 2,273,855.22 -3,416,878.08
Interest payable
Dividend payable
Other accounts payable 129,586,268.12 156,451,289.08
Non-current liabilities due within 1
year
Other current liabilities
Total current liabilities 1,200,489,882.53 1,171,386,283.29
Non-current liabilities:
Long-term loans
Bonds payable
Long-term account payable 80,118.00 80,118.00
Special accounts payable
Projected liabilities
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 80,118.00 80,118.00
Total liabilities 1,200,570,000.53 1,171,466,401.29
Owner’s equity (or shareholders’ equity):
Paid-in capital (or share capital) 215,000,000.00 215,000,000.00
Capital public reserve 172,417,299.81 172,417,299.81
Less: Inventory shares
Reasonable reserve
Surplus public reserve 589,559.76 589,559.76
Provision of general risk
Retained profit -124,450,717.88 -109,126,477.65
Balance difference of foreign
currency translation
Total owner’s equity(or shareholders’
263,556,141.69 278,880,381.92
equity)
Total liabilities and owner’s equity(or 1,464,126,142.22 1,450,346,783.21
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
shareholders’ equity)
Legal representative: Xu Qian Person in charge of accounting works: Wang Hong Person in charge of accounting organ: Shi Lian
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
3. Consolidated Profit Statement
Prepared by Nanjing Putian Telecommunications Co., Ltd. January- March of 2014 Unit: RMB
Items Amount at this period Amount at last period
I. Total operating income 592,796,160.80 575,895,279.05
Including: Operating income 592,796,160.80 575,895,279.05
Interest income
Insurance gained
Commission charge and commission income
II. Total operating cost 604,707,369.58 583,186,866.49
Including: Operating cost 524,331,732.16 502,929,104.72
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 expense
Operating tax and extras 1,721,858.70 2,385,064.07
Sales expenses 41,846,033.50 42,951,231.33
Administration expenses 31,665,011.61 30,283,077.54
Financial expenses 5,142,733.61 4,638,388.83
Losses of devaluation of asset
Add: Changing income of fair value(Loss is listed
with “-”)
Investment income (Loss is listed with “-”) -106,712.45 -1,208,410.07
Including: Investment income on affiliated company
-106,712.45 -1,292,559.23
and joint venture
Exchange income (Loss is listed with “-”)
III. Operating profit (Loss is listed with “-”) -12,017,921.23 -8,499,997.51
Add: Non-operating income 485,017.48 1,015,738.73
Less: Non-operating expense 25,230.82 321,500.42
Including: Disposal loss of non-current asset
IV. Total Profit (Loss is listed with “-”) -11,558,134.57 -7,805,759.20
Less: Income tax 3,447,547.93 179,596.68
V. Net profit (Net loss is listed with “-”) -15,005,682.50 -7,985,355.88
Including: Net profit achieved by the merged party before
the merger
Net profit attributable to owner’s equity of parent
-15,013,598.95 -7,211,874.87
company
Minority shareholders’ gains and losses 7,916.45 -773,481.01
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
VI. Earnings per share -- --
i. Basic earnings per share -0.07 -0.034
ii. Diluted earnings per share -0.07 -0.034
VII. Other consolidated income
VIII. Total consolidated income -15,005,682.50 -7,985,355.88
Total consolidated income attributable to owners of
-15,013,598.95 -7,211,874.87
parent company
Total consolidated income attributable to minority
7,916.45 -773,481.01
shareholders
Legal representative: Xu Qian Person in charge of accounting works: Wang Hong Person in charge of accounting organ: Shi Lian
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
4. Profit statement of parent company
Prepared by Nanjing Putian Telecommunications Co., Ltd. January – March of 2014 Unit: RMB
Items Amount at this period Amount at last period
I. Operating income 311,738,395.33 365,972,812.10
Less: Operating income 286,000,078.08 333,728,684.80
Operating tax and extras 774,549.20 1,406,451.60
Sales expenses 21,452,089.86 23,718,888.88
Administration expenses 14,244,073.98 12,683,391.13
Financial expenses 4,493,564.81 3,844,683.94
Losses of devaluation of asset
Add: Changing income of fair value(Loss is listed
with “-”)
Investment income (Loss is listed with “-”) -106,712.45 -1,292,559.23
Including: Investment income on affiliated company
-106,712.45 -1,292,559.23
and joint venture
II. Operating profit (Loss is listed with “-”) -15,332,673.05 -10,701,847.48
Add: Non-operating income 15,276.00 -40.00
Less: Non-operating expense 6,843.18 27,811.42
Including: Disposal loss of non-current asset
III. Total Profit (Loss is listed with “-”) -15,324,240.23 -10,729,698.90
Less: Income tax
IV. Net profit (Net loss is listed with “-”) -15,324,240.23 -10,729,698.90
V. Earnings per share -- --
i. Basic earnings per share -0.071 -0.05
ii. Diluted earnings per share -0.071 -0.05
VI. Other consolidated income
VII. Total consolidated income -15,324,240.23 -10,729,698.90
Legal representative: Xu Qian Person in charge of accounting works: Wang Hong Person in charge of accounting organ: Shi Lian
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Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
5. Consolidated cash flow statement
Prepared by Nanjing Putian Telecommunications Co., Ltd. January – March of 2014 Unit: RMB
Items Amount at this period Amount at last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and
562,990,378.12 546,883,460.99
providing labor services
Net increase of customer deposit and interbank
deposit
Net increase of loan from central bank
Net increase of capital borrowed from other financial
institution
Cash received from original insurance contract fee
Net cash received from reinsurance business
Insured savings and net increase of investment
Net increase of disposal of transaction financial asset
Cash received from interest, commission charge and
commission
Net increase of capital borrowed
Net increase of returned business capital
Write-back of tax received 458,221.32 457,327.98
Other cash received concerning operating activities 45,351,653.51 5,930,632.76
Subtotal of cash inflow arising from operating
608,800,252.95 553,271,421.73
activities
Cash paid for purchasing commodities and receiving
533,804,944.62 556,905,734.32
labor service
Net increase of customer loans and advances
Net increase of deposits in central bank and
interbank
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/for staff and workers 53,420,590.57 49,544,244.13
Taxes paid 22,128,285.28 30,324,204.50
Other cash paid concerning operating activities 89,381,697.46 49,048,514.55
Subtotal of cash outflow arising from operating
698,735,517.93 685,822,697.50
activities
Net cash flows arising from operating activities -89,935,264.98 -132,551,275.77
II. Cash flows arising from investing activities:
Cash received from recovering investment 6,591,840.00
Cash received from investment income
Net cash received from disposal of fixed, intangible 27,205.10
22
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
and other long-term assets
Net cash received from disposal of subsidiaries and
other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 6,619,045.10
Cash paid for purchasing fixed, intangible and other
4,801,297.21 4,629,408.88
long-term assets
Cash paid for investment
Net increase of mortgaged loans
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 4,801,297.21 4,629,408.88
Net cash flows arising from investing activities 1,817,747.89 -4,629,408.88
III. Cash flows arising from financing activities
Cash received from absorbing investment
Including: Cash received from absorbing minority
shareholders’ investment by subsidiaries
Cash received from loans 85,000,000.00 50,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities
Subtotal of cash inflow from financing activities 85,000,000.00 50,000,000.00
Cash paid for settling debts 65,000,000.00 50,000,000.00
Cash paid for dividend and profit distributing or
6,222,458.87 5,728,152.30
interest paying
Including: Dividend and profit of minority
shareholder paid by subsidiaries
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 71,222,458.87 55,728,152.30
Net cash flows arising from financing activities 13,777,541.13 -5,728,152.30
IV. Influence on cash due to fluctuation in exchange rate 31.85 7,610.83
V. Net increase of cash and cash equivalents -74,339,944.11 -142,901,226.12
Add: Balance of cash and cash equivalents at the
402,037,725.25 429,693,529.41
period -begin
VI. Balance of cash and cash equivalents at the period
327,697,781.14 286,792,303.29
-end
Legal representative: Xu Qian Person in charge of accounting works: Wang Hong Person in charge of accounting organ: Shi Lian
6. Cash flow statement of parent company
Prepared by Nanjing Putian Telecommunications Co., Ltd. January – March of 2014 Unit: RMB
Items Amount at this period Amount at last period
23
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
I. Cash flows arising from operating activities:
Cash received from selling commodities and
242,111,052.26 306,004,786.85
providing labor services
Write-back of tax received
Other cash received concerning operating activities 44,329,172.50 5,040,221.89
Subtotal of cash inflow arising from operating
286,440,224.76 311,045,008.74
activities
Cash paid for purchasing commodities and receiving
270,559,843.34 341,595,980.19
labor service
Cash paid to/for staff and workers 27,308,737.41 26,467,226.25
Taxes paid 62,242.49 13,835,576.83
Other cash paid concerning operating activities 72,187,473.46 36,720,564.34
Subtotal of cash outflow arising from operating
370,118,296.70 418,619,347.61
activities
Net cash flows arising from operating activities -83,678,071.94 -107,574,338.87
II. Cash flows arising from investing activities:
Cash received from recovering investment 6,591,840.00
Cash received from investment income
Net cash received from disposal of fixed, intangible
and other long-term assets
Net cash received from disposal of subsidiaries and
other units
Other cash received concerning investing activities
Subtotal of cash inflow from investing activities 6,591,840.00
Cash paid for purchasing fixed, intangible and other
4,570,475.00 4,177,655.80
long-term assets
Cash paid for investment
Net cash received from subsidiaries and other units
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 4,570,475.00 4,177,655.80
Net cash flows arising from investing activities 2,021,365.00 -4,177,655.80
III. Cash flows arising from financing activities
Cash received from absorbing investment
Cash received from loans 30,000,000.00 20,000,000.00
Cash received from issuing bonds
Other cash received concerning financing activities
24
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
Subtotal of cash inflow from financing activities 30,000,000.00 20,000,000.00
Cash paid for settling debts 30,000,000.00 20,000,000.00
Cash paid for dividend and profit distributing or
4,984,516.63 4,655,433.32
interest paying
Other cash paid concerning financing activities
Subtotal of cash outflow from financing activities 34,984,516.63 24,655,433.32
Net cash flows arising from financing activities -4,984,516.63 -4,655,433.32
IV. Influence on cash due to fluctuation in exchange rate
V. Net increase of cash and cash equivalents -86,641,223.57 -116,407,427.99
Add: Balance of cash and cash equivalents at the
217,989,348.06 267,226,515.29
period -begin
VI. Balance of cash and cash equivalents at the period
131,348,124.49 150,819,087.30
-end
Legal representative: Xu Qian Person in charge of accounting works: Wang Hong Person in charge of accounting organ: Shi Lian
25
Nanjing Putian Telecommunications Co., Ltd. First Quarterly Report 2014
II. Audit report
Whether the first quarterly report had been audited or not
□ Yes √ No
The first quarterly report of the Company had not been audited.
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd.
29 April 2014
26