Nanjing Putian Telecommunications Co., Ltd. Summary of Semi-Annual Report 2018
Stock Code: 200468 Short Form of the Stock: NJTEL-B Notice No.: 2018-056
Nanjing Putian Telecommunications Co., Ltd.
Summary of Semi-Annual Report 2018
I. Important Notice
The summary is abstract from full-text of annual report, for more details of operating results, financial condition and future
development plan of the Company; investors should found in the full-text of annual report that published on media appointed by
CSRC.
Objection statement of directors, supervisors and senior executives
Name Position Content and reason
Statement
Other directors attending the Meeting for annual report deliberation except for the followed
Name of director absent Title for absent director Reasons for absent Attorney
Prompt of non-standard audit opinion
□ Applicable √ Not applicable
Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting
period
□ Applicable √ Not applicable
The Company has no plans of cash dividend distributed, no bonus shares and has no share converted from capital reserve.
Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period
□ Applicable √ Not applicable
II. Basic information of the company
1. Company profile
Short form of the stock NJ TEL- B Stock code 200468
Stock exchange for listing Shenzhen Stock Exchange
Person/Way to contact Secretary of the Board Rep. of security affairs
Name Li Jing Xiao Hong
No. 1 Putian Road, Qinhuai District Nanjing, No. 1 Putian Road, Qinhuai District Nanjing,
Office add.
Jiangsu Province Jiangsu Province
Tel. 86-25-58962308 86-25-58962072
E-mail lijing@postel.com.cn xiaohong@postel.com.cn
2. Main accounting data and Changes of shareholders
Whether it has retroactive adjustment or re-statement on previous accounting data
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Nanjing Putian Telecommunications Co., Ltd. Summary of Semi-Annual Report 2018
√ Yes □ No
Reasons of retroactive adjustment or re-statement
Accounting errors correction
Increase/decrease in
Same period of last year
this report y-o-y
Current period
Before the
After the adjustment After the adjustment
adjustment
Operating revenue (RMB) 966,850,604.95 1,012,396,407.39 1,012,396,407.39 -4.50%
Net profit attributable to shareholders of
-10,421,705.60 -13,246,723.63 -13,246,723.63 21.33%
the listed Company (RMB)
Net profit attributable to shareholders of
the listed Company after deducting -43,592,615.47 -14,283,773.58 -14,283,773.58 -205.19%
non-recurring gains and losses (RMB)
Net cash flow arising from operating
-225,275,228.93 -136,164,593.81 -136,164,593.81 -65.44%
activities (RMB)
Basic earnings per share (RMB/Share) -0.05 -0.06 -0.06 16.67%
Diluted earnings per share (RMB/Share) -0.05 -0.06 -0.06 16.67%
Weighted average ROE -3.02% -3.98% -3.98% 0.96%
Increase/decrease in
this report-end over
End of last period
that of last
End of current period period-end
Before the
After the adjustment After the adjustment
adjustment
Total assets (RMB) 2,110,657,325.69 2,116,312,318.51 2,114,332,229.50 -0.17%
Net assets attributable to shareholder of
339,704,730.63 352,228,571.54 350,248,482.53 -3.01%
listed Company (RMB)
Reasons of accounting policy change and accounting error correction
According to the relevant requirements addressed by the Jiangsu Securities Regulatory Bureau in the Decision Relating to Issue of
Warning Letter to Nanjing Potevio Communication Co., Ltd. on 10 July 2018, the Company made correction to the accounting errors
for the financial statements for the years 2014 to 2017 under retrospective restatement method as discussed and approved at the 10th
meeting of the 7th session of the board of the Company held on 13 July 2018. For details, please refer to the Announcement dated 14
July 2018 relating to correction of prior accounting errors and the announcement dated 1 August 2018 relating to correction of the
annual report for 2017.
3. Number of shares and shares held
In Share
Total preference shareholders
Total common shareholders at with voting rights recovered
8,326 0
period-end at end of reporting period (if
applicable)
To ten shareholders
Number of share
Nature of Proportion of Number of Number of non-circulation stock
Shareholders pledged/frozen
shareholder shares held shares held held
State of share Amount
China Potevio
State-owned
Company 53.49% 115,000,000 115,000,000
corporation
Limited
GUOTAI
JUNAN
Foreign
SECURITIES( 4.46% 9,596,527 0
corporation
HONGKONG)
LIMITED
Shenwan 4.46% 9,587,925 0
Foreign
HongYuan
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Nanjing Putian Telecommunications Co., Ltd. Summary of Semi-Annual Report 2018
(H.K.) Limited corporation
Domestic
Zhang Huaian 1.31% 2,807,000 0
nature person
Domestic
Zheng Enyue 1.12% 2,405,739 0
nature person
Domestic
Sun Huiming 0.93% 2,007,110 0
nature person
Guosen
Securities Foreign
0.87% 1,861,882 0
(H.K.) Broker corporation
Co., Ltd.
Domestic
Gu Jinhua 0.83% 1,783,771 0
nature person
BOCI
Foreign
SECURITIES 0.80% 1,716,945 0
corporation
LIMITED
LI SHERYN Foreign nature
0.53% 1,145,000 0
ZHAN MING 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.
Shareholders involving margin
N/A
business (if applicable)
4. Changes of controlling shareholders or actual controller
Changes of controlling shareholders in reporting period
□ Applicable √ Not applicable
Controlling shareholder of the Company has no changed in the Period
Changes of actual controller in reporting period
□ Applicable √ Not applicable
Actual controller of the Company has no changed in the Period
5. Total preferred stock shareholders of the Company and shares held by top ten shareholders with
preferred stock held
□ Applicable √ Not applicable
No preferred stock in reporting period.
6. Corporation Bonds
Whether the Company has a corporation bonds that issuance publicly and listed on stock exchange and without due on the date when
annual report approved for released or fail to cash in full on due
No
III. Discussion and Analysis of Operation
1. Operation in the period (brief)
Dose the Company need to comply with disclosure requirements of the special industry
No
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Nanjing Putian Telecommunications Co., Ltd. Summary of Semi-Annual Report 2018
During the reporting period, the Company adhered to the general working policy of seeking for steady progress, deepened reform and
innovation under the annual operating tasks, focused on improving quality and efficiency, promoted the steady development of
traditional industries, and positively arranged development of new industries. In general, completion of the budget for the first half of
the year was basically normal, industrial restructuring continued to advance, and the Company maintained an orderly production and
operation. Maintain a healthy and orderly development trend. In the first half of 2018, the Company realized operating income of
RMB967 million, with a decrease of 4.50% compared with the same period of the previous year; net profit attributable to
shareholders of listed company RMB(10,421,700) million, with a decrease of RMB(2.825) million in loss.
Y-o-y changes of main financial data
In RMB
Current period Same period of last year Y-o-y increase/decrease Reasons for changes
Operating revenue 966,850,604.95 1,012,396,407.39 -4.50%
Operating costs 824,358,695.32 854,596,490.18 -3.54%
Sales expenses 79,696,183.64 79,331,110.14 0.46%
Administration expenses 83,788,682.07 72,960,165.72 14.84%
Finance expenses 10,198,465.39 8,701,588.82 17.20%
1,646,117.70 3,203,411.84 -48.61% Profit from subsidiary
Income tax expenses
declined on a y-o-y basis
R & D revenue 35,816,398.34 29,700,022.89 20.59%
-225,275,228.93 -136,164,593.81 -65.44% Capital return in the
Net cash flow arising
period declined from a
from operating activities
year earlier
22,505,195.83 -24,348,894.33 192.43% The Company and
subsidiary Bada
Communication received
Net cash flow arising a levy compensation in
from investment activities the period, thus the net
cash flow arising from
investment activities
increased
Net cash flow arising 49,041,298.97 -114,844,078.68 142.70% Bank loans increased
from financing activities from a year earlier
-153,821,091.18 -275,380,802.71 44.14% The cash flow from
Net increase of cash and investment and financing
cash equivalent activities increased on a
y-o-y basis in the period
407,793.10 -618,093.05 165.98% Profit from joint-stock
Investment income enterprise increased on a
y-o-y basis
30,156,818.80 -663,364.82 4,646.04% Part of the house from the
Company and subsidiary
Bada Communication are
collected by the
Assets disposal income
government in the period,
expropriation
compensation received in
the period
5,799,343.86 2,784,809.60 108.25% The government grant
with routine activities
Other income concerned recognized in
the period increased on a
y-o-y basis
Operation profit -3,522,499.41 -7,885,653.07 55.33% Impact by relocation of
part of the operational
Total profit -1,005,231.26 -5,382,365.36 81.32%
entities site and internal
Net profit -2,651,348.96 -8,585,777.20 69.12% revolution adjustment as
well as the R&D input,
Net profit attributable to -10,421,705.60 -13,246,723.63 21.33% the operation revenue has
the owner of the parent a y-o-y declined and
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Nanjing Putian Telecommunications Co., Ltd. Summary of Semi-Annual Report 2018
Company period charge growth on a
y-o-y basis; the income of
assets disposal increased
due to the expropriation
compensation received in
the period
2. Relevant items involving financial report
(1) Particulars about the changes in aspect of accounting policy, estimates and calculation method
compared with the financial report of last fiscal period
□ Applicable √ Not applicable
The Company had no particulars about the changes in aspect of accounting policy, estimates or calculation method in the reporting
period.
(2) Major accounting errors within reporting period that needs retrospective restatement
√Applicable □ Not applicable
According to the relevant requirements addressed by the Jiangsu Securities Regulatory Bureau in the Decision Relating to Issue of
Warning Letter to Nanjing Potevio Communication Co., Ltd. on 10 July 2018, the Company made correction to the accounting errors
for the financial statements for the years 2014 to 2017 and the third quarter of 2017 under retrospective restatement method as
discussed and approved at the 10th meeting of the 7th session of the board of the Company held on 13 July 2018. For details, please
refer to the Announcement dated 14 July 2018 relating to correction of prior accounting errors.
(3) Particulars about the change of consolidation range compared with the financial report of last fiscal
period
□ Applicable √ Not applicable
The Company had no change of consolidation range in reporting period.
Board of Directors of
Nanjing Putian Telecommunications Co., Ltd.
28 August 2018
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