Stock Code: 200468 Short Form of the Stock: NJ TEL B Notice No.: 2014-018
Nanjing Putian Telecommunications Co., Ltd.
Summary of Semi-Annual Report 2014
1. Important Notice
The summary of semi-annual report is excerpted from the full text of the semi-annual report. For the details, investors should
carefully read the full text of the semi-annual report published on Juchao Information website (www.cninfo.com.cn) and Shenzhen
Stock Exchange Website etc., appointed by CSRC.
Company profile
Short form for share NJ TEL B Code for share 200468
Listing stock exchange Shenzhen Stock Exchange
Contact person and ways Secretary of the Board Rep. of securities affairs
Name Zhang Shenwei Xiao Hong
Tel. 86-25-58962010 86-25-58962072
Fax. 86-25-52409954 86-25-52409954
E-mail zsw@postel.com.cn xiaohong@postel.com.cn
2. Main accounting data and Changes of shareholders
(1)Main accounting data
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not
□Yes √ No
Increase/decrease in this
Current period Same period of last year
report y-o-y (%)
Operating revenue (RMB) 1,173,023,650.25 1,207,557,538.82 -2.86%
Net profit attributable to shareholders of
-9,418,674.05 -2,719,217.34 -246.37%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting -13,163,451.04 -3,466,018.77 -279.79%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
-56,514,782.79 -135,255,287.95 58.22%
activities(RMB)
Basic earnings per share (RMB/Share) -0.044 -0.013 -238.46%
Diluted earnings per share (RMB/Share) -0.044 -0.013 -238.46%
Weighted average ROE (%) -2.49% -0.72% -1.77%
Increase/decrease in this
End of current period End of last period report-end over that of last
period-end (%)
Total assets (RMB) 2,196,746,550.83 2,107,194,638.89 4.25%
Net assets attributable to shareholder of
373,637,925.56 383,210,520.22 -2.50%
listed company(RMB)
(2)Particulars about the shares held by the top ten common shareholders
Total common shareholders at
13,036
period-end
1
Particulars about the shares held by the top ten common shareholders
Number of share
Nature of Proportion of Number of Number of non-circulation stock pledged/frozen
Shareholders
shareholder shares held shares held held
State of share Amount
China Potevio
State-owned
Company 53.49% 115,000,000 115,000,000
corporate
Limited
GUOTAI
JUNAN
Overseas
SECURITIES( 2.57% 5,531,994 0
corporate
HONGKONG)
LIMITED
Shanghai H.K.
Overseas
Wanguo 2.18% 4,693,000 0
corporate
Security
Overseas
Sun Huiming 0.83% 1,780,610 0
natural person
Overseas
Chen Qiang 0.60% 1,289,600 0
natural person
Domestic
Gao Lingyun 0.47% 1,000,000 0
nature person
Domestic
Wang Feifei 0.27% 584,408 0
nature person
Domestic
Hu Jun 0.24% 519,150 0
nature person
Domestic
Shu Jianping 0.23% 500,500 0
nature person
Domestic
Duan Ruifeng 0.17% 374,100 0
nature person
Explanation on associated Among the top ten shareholders, China Potevio Company Limited is neither a related party nor a
relationship among the aforesaid person acting in concert with the others. It’s unknown by the Company whether there are related
shareholders parties or persons acting in concert among the other shareholders.
Explanation on shareholders
involving margin business (if N/A
applicable)
(3) Particulars about the top ten shareholders with preferred stock held
□ Applicable √ Not applicable
No particular about the shareholders with preferred stock held in Period.
(4)Changes of controlling shareholders or actual controller
Changes of controlling shareholders in reporting period
□ Applicable √ Not applicable
No change of controlling shareholders in reporting period
Changes of actual controller in reporting period
□ Applicable √ Not applicable
No change of actual controller in reporting period
3. Discussion and analysis of management
The Company is a state-owned communication equipment manufacturing enterprise that mainly engages in the
manufacture and sale of communications equipment; at present, it has 8 operating entities directly under it,
2
including the wiring systems, the cable systems, the wireless systems, and it also has 12 subsidiaries, including
Nanjing South Telecommunications Company Limited and Nanjing Putian Tianji Building Intelligent Ltd, and its
product range covers optical communications, network communications, multimedia communications and other
fields. During the reporting period, facing the complicated market situation and the difficult business environment,
the company has focused on improving the core competitiveness of the industry by optimizing the product
structure, improving the product competitiveness, strengthening the technological innovation, and promoting the
transformation and upgrading, so that its major industries achieved balanced development trend, and the
production and business remained stable. Affected by the disinvestment of 3G operators and the fierce market
competition, in the first half year, the company has achieved the operating incomes of 1.173 billion Yuan, reduced
by 2.86% on a year-on-year basis, total profits of 185,100 Yuan, reduced by 91.25% on a year-on-year basis, and
net profits attributable to the parent company -9,418,700 Yuan.
Y-o-y chenges on main financial data (In RMB)
Changes (+,-) Scope for
Item Jan.-June 2014 Jan.-June 2013 Reasons for major changes
(RMB) changed
Sales declined resulted from operators
Operation revenue 1,173,023,650.25 1,207,557,538.82 -34,533,888.57 -2.86% cuts the investment for broadband and
3G construction
Sales declined on a y-o-y basis in the
Operation cost 1,008,242,535.79 1,043,008,171.55 -34,765,635.76 -3.33%
Period
Market development charges goes up in
Sales expenses 84,634,467.99 82,273,548.91 2,360,919.08 2.87%
the Period
Administrative
64,294,527.99 62,829,331.87 1,465,196.12 2.33% Salary growth on a y-o-y basis
expenses
Interest expense increased over same
Financial cost 15,922,237.55 11,488,031.64 4,434,205.91 38.60%
period of last year
Profit from subordinate stock-jointly
company increased, mainly because
Investment
227,042.96 -1,883,203.49 2,110,246.45 112.06% joint venture SEI-Nanjing Putian
income
Optical Network Co., Ltd. has less
deficit in the Period
Financial expenses, human costs and
market development charges increased,
Operation profit e -4,150,260.40 788,992.83 -4,939,253.23 -626.02%
the period expense growth over same
period of last year
Consolidation range increased in the
period, in obtaining subsidiary Nanjing
Putian Datang Information Electronic
Non-operation
4,748,462.85 1,927,667.56 2,820,795.29 146.33% Co., Ltd, the investment cost lower than
revenue
the fair value of recognizable net assets
attributable to the Company when
acquiring, that is 3,276,800 Yuan earned
Profit from part of the subsidiary
Income tax
5,248,812.79 3,597,267.56 1,651,545.23 45.91% increased, than the income tax expenses
expenses
growth
Net profit -9,418,674.05 -2,719,217.34 -6,699,456.71 -246.37%
attributable to Revenue from sales declined in the
owners’ of parent Period y-o-y, period expenses increased
company
4. Matters relevant to financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method
compared with the financial report of last year’s
□Applicable √Not applicable
No changes in aspect of accounting policy, estimates and calculation method occurred in the Period
3
(2) Parriculars about retroactive restatement on major correction for accounting errors in reporting period
□ Applicable √ Not applicable
No retroactive restatement on major correction for accounting errors in reporting period
(3) Particulars about the change of consolidation range compared with the financial report of last year’s
√ Applicable □ Not applicable
One enterprise included in combination compared with last year’s:
Ratio of Reasons in
Name Closing net assets Current net profit
voting rights consolidation range
Achieved
Nanjing Putian Datang
controlling rights
Information Electronic 40% 22,461,935.59 1,239,203.25
on the enterprise in
Co., Ltd
Period
Note: The Company has more members in the board under the name of Nanjing Putian Datang Information Electronic Co., Ltd
during the Period, and takes majority voting rights in the board
(4) Explanation on “Qualified Opinion” of the Report from CPA by the Board and Supervisory Committee
□ Applicable √ Not applicable
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd.
26 August 2014
4
